Voxelus Raises US$500,000; Announces Unique Bonus and Rewards System

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Virtual reality content creation platform and marketplace Voxelus has announced a unique bonus and rewards system for cryptocurrency enthusiasts and buyers of its in-game digital currency Voxel, after raising US$500,000 in the first day of its 30-day token crowdsale. The crowdsale of Voxel will be distributed into 3 phases that will last until December 2, 2015. Early buyers and participants of the crowd sale will be able to purchase the digital currency for as low as 1200 voxels per bitcoin. As the crowd sale progresses however, the price will increase gradually and the tokens will eventually be sold at 750 voxels per bitcoin, 7.5% higher than the initial rate. The 30-day crowdsale is currently being facilitated by instant cryptocurrency exchange ShapeShift, the company which also recently facilitated a series of crowd sales for blockchain-based cards trading game Spells of Genesis and Ethereum-built decentralized prediction market Augur. According to the Voxelus team, the company is offering 15% of all possible voxels during this crowd sale. The remaining 85% will be gradually released over the next 20 years, which will be allocated for software development, content creator bounties and marketing. “Voxels are the official currency of virtual reality,” claimed Voxelus chairman and …

This Chip Turns a Dumb Phone Into a Bitcoin Wallet

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itSIM is a small, dual-chip overlay that is physically placed atop a phone’s regular SIM card. Once there, theBitSIM turns that phone – even if it’s a “dumb” phone – into a Bitcoin wallet. It does so by submitting transactions to the Bitcoin network as encrypted text messages. The phone owner’s private key – stored in the BitSIM overlay – is unlocked with a PIN. Founder Leon-Gerard Vandenberg says that BitSIM “interposes SIM commands between the original SIM and the phone. So the phone thinks there’s a SIM there, and the original SIM thinks there’s a phone there – it’s a SIM port redirector for SIM commands.” BitSIM is privately raising funds for its first production run with a crowdsale through Seedco.in. They hope to have a product to ship by Christmas. Vandenberg recently said in an interview with Brave New Coin: “Anything running on top of the Bitcoin protocol is also within the reach of BitSIM users, such as Counterparty assets or via ChromaWallet. On a smartphone BitSIM would cooperate with theHIVE wallet and their full Hive app store as well, which expands services. So BitSIM is a platform [where] it will be possible for a BitSIM developer community …