Techfinancials Share Discussion Threads

[tomboyb] 21/12/2017 22:29

hxxps://techcrunch.com/2017/12/21/long-island-iced-tea-shares-went-gangbusters-after-changing-its-name-to-long-blockchain/

Long Island Iced Tea shares went gangbusters after changing its name to Long Blockchain

Want to increase company value on the open market? Just change your name to something blockchain. At least, that worked for the Long Island Iced Tea Corp after changing its name to Long Blockchain Corp.

In what is the most 2017 thing ever, company shares soared by as much as 500 percent in pre-market trading this morning after the company announced the name change, settling back to about a 275 percent gain.

Up until this morning, Long Blockchain was a little-known company making non-alcoholic lemonades and ice teas. As of Wednesday, the company had a market value of just $23.8 million, but at one point in pre-market trading had 9.76 million outstanding shares, giving the company a market value of close to $138 million. That’s small by Wall Street standards, but significant considering the only factor seemed to be the name change.

[tomboyb] 21/12/2017 15:47

As we get closer to the ICO there should be more interest -

And we don't have long to go being the first ICO on AIM -

And have a very decent amount of cash and "cashflow" -

[moormoney] 21/12/2017 12:18

This is a buy and hold for me. It’s only just getting going and the spread will put off traders IMO.

[tomboyb] 21/12/2017 12:10

Getting in and out in terms of trading TECH is very difficut -

It seems more likely that you'll pay more back to get in -

$1.5mill dividend received in addition to $5.8mill at last count -

[simpletonremover] 21/12/2017 10:41

Nice to see TECH receiving regular income separate to the CEDEX venture.


Roughly $2.5 Million since August.

That alone justifies it's current market cap with CEDEX yet to be priced in.

[mustau] 21/12/2017 07:57

Peeps missing out here, cedex is the icing.

[tomboyb] 21/12/2017 07:52

RNS out -

$2.2million dividend (51%) and an additional $340k dividend coming in from the companies subsidiaries -

[tomboyb] 20/12/2017 23:47

Good comment -

"I see this project as a very unique and uncommon idea in the cryptospace. Incorporating Diamond market into the blockchain is such a bold step. The blockchain technology has proven to be of relevant and applicable to many industries and markets and it has the potential to bring revolution to the diamond trading market through what Cedex is going to offer through this project. I am still going through the whitepaper to learn all I can about Cedex. I believe is a project to identify with."

[tomboyb] 20/12/2017 23:35

hxxps://cryptonewsmonitor.com/2017/12/20/cedex-the-first-certified-blockchain-based-diamond-exchange/

CEDEX: The First Certified Blockchain-based Diamond Exchange
December 20, 2017 Bitcoinist CEDEX, diamond investing, diamonds, Emerging Markets, FINTECH, ICOs, NEWS, News teaser, Sponsored Article, Token Sales, tokenization 0


This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of the most reliable news teams in the industry, Bitcoinist provides up-to-date news and insightful analysis. For more follow the link below.

They may be a girl’s best friend, but diamond dealers and investors are going to love CEDEX, the first certified diamond exchange to be built using blockchain technology.

The diamond market has an estimated turnover of $80 billion per year, yet investor demand accounts for only 5% of that – the rest is consumer demand from the jewelry industry. Historically, diamonds have been a consistent store of value, just like gold and other precious metals, so why aren’t more investors looking at diamonds as an investment vehicle?

Despite their total market value, diamonds are not considered a financial asset class and, as such, there is no established market for their trade, unlike traditional commodities. CEDEX aims to change all of that with the launch of the first certified blockchain-based exchange that will tokenize and transform diamonds into a tradeable asset.



Removing the Barriers to Entry for Diamond Investing
The CEDEX platform removes the three major issues facing the diamond market that have kept it from being a viable alternative investment class – lack of transparency, lack of liquidity, and lack of standardization.

Lack of Transparency

The diamond industry is plagued by obfuscation, both deliberate and unintentional. A lack of clear and transparent pricing, coupled with markups, list prices, and a “closed shop” mentality makes it very difficult for the average investor to understand how a diamond is valued and how to gauge its worth.

CEDEX uses a proprietary machine learning algorithm called DEX that rates a diamond’s asking price by taking into account the stone’s gem composite (GIA), parallel trades, and market trends. The result is an objective market value, that doesn’t require investors to be diamond experts to understand.

Lack of Liquidity

The basis of any commodities market is an asset’s liquidity – that is, the ability to buy an asset and then sell it at some point in the future at a gain. The diamond market is decidedly illiquid. Most diamonds are sold to consumers in one-sided transactions and places anyone wishing to resell their stones at a severe disadvantage. The way the market is currently structured, consumers wishing to resell their diamonds never realize a gain on their initial purchase. They are forced to sell at a loss, often as much as 50%.

CEDEX addresses the liquidity issue through the tokenization of the diamonds on its platform. Diamond dealers and private sellers have more options with regards to selling their stones the barrier to entry for investing is much lower so more people will be able to invest in diamonds than ever before.

Lack of Standardization

When someone invests in gold, they are investing in a standardized, fungible asset. An ounce of gold is an ounce of gold – there is no deviation in composition or value between ounces. Diamonds are a different story – no two stones are alike, making it difficult to establish a standardized valuation.

The CEDEX platform creates a single benchmark for each diamond category so that buyers and sellers can easily see how one diamond rates against other stones in the same category.

CEDEX Token Offering

[euclid5] 20/12/2017 13:53

your wellcome

[jp1962] 20/12/2017 12:32

Thanks Euclid for your reply.

[tomboyb] 20/12/2017 11:54

you can try out the DAX algorhym online on cedex -

it's a first for actually calculating the value of a diamond with all the variables -

hence the artificial intelligence -

[euclid5] 20/12/2017 10:04

Got a strong feeling Cedex will do well in comparison to other Token businesses -

[euclid5] 20/12/2017 10:04

Yes heard about this too

Coindash also went from $10 to over $1,000 - 10,000%

Look at BitCoin Cash today $3400 up 45%

[tomboyb] 20/12/2017 09:59

Thanks JP -

DAX algorithym use A.I which is impressive -

Euclid you can look at BTL - broken 100 plus bagger and climbing -

[euclid5] 20/12/2017 09:35

JP, they may sell the other 50m in a 2nd phase what I recall them saying in an email reply.

Looking at other ICO's along with their market cap's, wouldn't surprise me if Cedex turns out to get to well over $100m + cap

Take a look at some of KR1's Token investments, becomes frightening when you calculate the percentage gains tey have made - completed some calcs yestr of a few of their Token investments & taliking about 12,000% - but they did het in some pre ICO & at a discount, but only a few of them.

[saw89] 20/12/2017 07:10

Some people still focussing on coins and not really grasping the fact this project is opening up a whole new marketplace and therefore puts this into potential unicorn territory especially with the backing of IDEX , just a matter of if, not when this multibags from here

[jp1962] 20/12/2017 06:07

Ethereum is the second largest cryptocurrency in the world, just after the Bitcoin. With a market capitalisation of approximately $27 billion Dollars, Ethereum is a cryptocurrency you should keep your eye on.Experts are very excited about this coin because there is a big chance that it will become the new Bitcoin 2.0. The technology behind Ethereum consists of an entire system that is significantly more complex than the technology behind the Bitcoin or the Litecoin. Ethereum not only makes it possible to transfer money to each other at lightning speed, but you can also exchange documents or set up certain systems.The rate potential of Ethereum is huge. Gold, oil, or the Bitcoin are often listed as interesting investment products, but Ethereum might result in even better returns. It would be a waste if you would miss out on this chancehttps://cryptobrokers.eu/ethereum/?gclid=EAIaIQobChMIl8D8qfSX2AIV7ZztCh3CZwBGEAAYAiAAEgJn7vD_BwESeems to me that if ETH goes the way Bitcoin does and that is a distinct possibility , TECH could easily multibag

[jp1962] 20/12/2017 05:49

Tomboy :Excellent article.

[jp1962] 20/12/2017 02:51

If my question is beneath you just don't answer and for your info I couldn't locate my question in the paper

[jp1962] 20/12/2017 02:45

Arrogance der

[muffster] 19/12/2017 23:40

Read white paper.... Der

[jp1962] 19/12/2017 22:33

Can anyone please answer why they would sell 50 million coins and not the full 100 million ?