560 million under management now (August 2019)
Each Block is $500. $700,000,000 total trading limit for Jarvis $500. Each block value 1,400,000 total number of blocks When you withdraw, you free up the blocks, allowing for more space to others. Once the 10% fee is removed, people will be able to go in and out all the time without any limitations. These blocks will first be introduced for Rogue. If the block-system works well for Rogue, then the company will also introduce it for Jarvis. Ronald believes that there should be enough room till the end of the year.
Adding funds to the Super-Wallet with VISA/MASTERCARD
They will have the CEZA license by the end of September (hopefully), then they need to create a bank account. Once they have that, they can do that. They are following this process specifically for their merchant program, but this would also allow them to add VISA/MASTERCARD acceptance.
The KYC will be optional, only accounts that want to enable FIAT have to do this.
They are PCI-DSS compliant and GDPR compliant.
They will be using the same service provider as Binance.
Some of the CEZA License Requirements
They need a fully working Exchange and an OTC. So they’ve acquired a technology company with their IP to accelerate this process and both the exchange and the OTC are now being tested. By next year their product will be available on C-Trade (portfolio management platform).
Can the Pre-Paid Debit Cards Be Blocked?
The reason why some cards in the past got blocked is because they had 0 balance. MCO, TENX cards for example are empty (0 balance). They are using acquiring banks, and have something called a “master-account”. The master-account is loaded with balance and all the cards share that master-account. Every time one of these cards gets used, the system gives it a “yes” or a “no” to confirm whether that card can be used. When you get a yes, they will go into your crypto account and do a sale.
Cloud Token's cards are Global and are pre-funded.
Cloud Token cards come loaded with up to $14,000, depending on how many CTOs you’ve added to your card. The moment you use that card, the amount gets deducted. After 30 days the company takes all the CTOs and refills the card. Errors and CTO Conversion Failures: The market right now is really congested and so is Cloud Token. The wallet is not with Cloud, but it’s with the mining pool and they cannot take all the capacity of their pool. That pool just cannot process transactions fast enough.
Aurae Blockchain is already LIVE and processing all the transactions inside the ecosystem. And the explorer is right now being processed.
The reason why things run slow inside the app is that because the app is still relying on other blockchains, that are slow. Initially they planned to release the cards only to C3 and above. However they are working on allowing anybody who attends the event to also receive pre-paid debit cards.
Still enough space, hopefully until the end of the year, depends on market conditions.
Lottery 11 - 17% ARP 1.3 - 1.4% per year
Used to have 6, now have 40. They have purchased their office in Kuala Lumpur. New Crypto to be added: EXP, EOS & DAI
to launch before the end of the year (we are pushing to have it much sooner).
Further goals for 2019 / 2020
Private Keys for all the other crypto in the wallet to be introduced before the end of the year. Aiming to have 1.5 million members and 10 million SimCard members and 20 million merchants (connected via the affiliate program) by March 2020.