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Berlin, Germany, August 31, 2018MADANA, the Market for Data Analysis, is a blockchain platform from Germany which protects your privacy and makes your data work for you. Their patent-pending ecosystem enables privacy-preserving data analysis, which is a major breakthrough in data science. Their PAX token Pre-Sale will officially start on September 1st, 2018 12:00 UTC+2.

MADANA is the first major project using the Lisk Blockchain platform. This marks a milestone in the recent token sale history since most token sales were conducted on the Ethereum Blockchain. Lisk is a non-profit organization, that aims to make the blockchain accessible for everyone. MADANA is the first to take advantage of Lisk and increases the value of its ecosystem in the long term. Therefore, every Pre-Sale contribution in LSK gets a 10% bonus in PAX.

J.-Fabian Wenisch, MADANA Co-Founder and CTO, says: “We are building an open platform to enable anybody to participate in our marketplace for data analysis. By sharing only analysis results and no raw data, data producers always stay in full control of their data. Further, smart contracts create trust between the participants and ensure that an analysis can only be conducted, when every participant gets a fair share for their contribution. Meaning you can monetize your data without actually giving it away. This is great for individuals, but also enables new services and business models in a GDPR-compliant way.”

To enable more people to participate in the Pre-Sale, MADANA set the minimum amount to be purchased to an equivalent of only 100 Euro. Thus, MADANA can reach a higher level of decentralization than projects that allow only bigger investors to take part in the Pre-Sale.

The accepted currencies are BTC, ETH, and LSK. From a fixed maximum of 100 Million token in total, 55% of all PAX token will be distributed to investors and the MADANA community. 15 Million PAX will be sold during the Pre-Sale for 0,50€/PAX token. The main sale will take place in 2019 for a price of 1,00€/PAX token.

Christian Junger, MADANA Co-Founder and CEO, highlights: “We worked hard to run our token sale completely under German law. This has major legal implications but provides additional trust to our investors. We want to build a long-term blockchain company in Germany, that brings privacy back to data producers. To make this happen, we have a dedicated team, work with well-known partners, such as Capgemini, and experienced advisors, such as Max Kordek the founder of Lisk.”

Visit https://www.madana.io for more information and to buy PAX token in MADANAs Pre-Sale. To stay up-to-date, follow them on Twitter, join their Telegram Group and check out their Medium Blog.

Media Contact Information
Julian Schiemann, Head of Marketing
Email: schiemann@madana.io 

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What does it take for Bitcoin to achieve mass-adoption?

CryptoCoinPrediction.com is not responsible for the article’s content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

What does it take for Bitcoin to achieve Mass-Adoption?

The biggest obstacle for Bitcoin right now is, that so few people use Bitcoin. But why do so few people actually use Bitcoin from a day-to-day basis? Well, the answer is, because so few people use Bitcoin. That might sound a bit confusing right away, but I will explain myself.

Bitcoin has the obstacle to overcome, same as Facebook. Facebook became so valuable, because literally every friend of yours, and their parents where using it. If no one used Facebook, then I really doubt it would be nearly as valuable to humanity as it is today.

The same exact thing also applies to Bitcoin. What makes money valuable, is the fact that you can pay anybody for anything with it. Good luck paying your local supermarket in Bitcoins. It just doesn’t make sense to do so.

This is also called the network effect. It sates, that a system is only so valuable, as the number of people using that system.

So, let’s dive into the 3 deciding factors, that must happen for Bitcoin to fully achieve mass adoption.

First, of course, is the support by a big corporation or even country. For example, if a big company like McDonalds starts to accept Bitcoin, then people would be more inclined to make purchases with Bitcoin. This makes total sense, because why would anybody adopt the usage of Bitcoin, if you couldn’t make any real-world purchases with it? Exactly, it doesn’t make any sense whatsoever.

The first point was pretty obvious, so let’s look at the other deciding factors, that are crucial for Bitcoin to be mass-adopted.

Did you actually know, that a third of the world’s population, 2,5 million adults to be precise, do not have access to the banking system? Yeah, what people in the first-world countries take completely for granted, isn’t all that common all around the world: A bank account. On the other side, many more people in these third-world countries do have mobile phones, but no bank accounts. So, what if all those people start using Cryptocurrencies, like Bitcoin, for their online and day-to-day transactions? They could skip the traditional banking system and directly buy and sell Bitcoin from their smartphones. If one third (or even less) of the world population starts to use Bitcoin, it will gain world-wide recognition and overtake any other currency.

The third scenario that could happen, is that a major economic collapse or abuse occurs. When this happens, lots of people will want to transfer their wealth to something that isn’t dependent on any country or government, but is universally accepted in every country of the world. There aren’t many options for such things. One of these things is, gold. And the other could be Bitcoin, which I see as the digital version of Gold.

I hope we will never have to experience such a catastrophic event in our lifetime, but it sure is a positive thing for Bitcoin, since lots of people will adopt it.

These are all the point I could think of. Thanks a lot for reading and have an awesome day! Visit me at flashipcrypto.com for more Crypto-article?