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Blockchain News Cryptocurrency News

Results Of Vaycaychella Cryptocurrency Survery

World Series of Golf, Inc. (OTC Pink: WSGF), parent company of Vaycaychella, today reported a very robust survey support of 95% in favor of the company’s cryptocurrency strategy in conjunction with the company’s overall fintech short-term rental property acquisition alternative finance business. 

In conjunction with the company’s newly developed cryptocurrency plans, management recently conducted a cryptocurrency survey. Today the company reported the survey results.

95% of respondents supported the company’s cryptocurrency strategy and 84% expressed interest in the purchase of real estate with cryptocurrency. Another 12% expressed interest in owning an interest in Vaycaychella through cryptocurrency. The full results are included below.

Vaycaychella is subsidiary operation of WSGF acquired last year that now represents the company’s primary business focus. A corporate name change is underway.

Vaycaychella has built a peer-to-peer (P2P) technology solution designed to connect short-term rental property buyers with alternative investors. The P2P application (app) is part of a fintech ecosystem solution suite for short-term rental property owners that includes a Visa Card solution and plans for a cryptocurrency component.

Over the past three years Vaycaychella has built a portfolio of short-term vacation property investments that would not qualify for conventional mortgages. Now the company is scaling its business model with the introduction of its P2P technology.

WSGF plans to beta launch its Vaycaychella P2P app to beta users in February 2021 with a production launch anticipated in June. 

Recently, the company announced plans to add a cryptocurrency strategy to its Vaycaychella P2P business model

Survey Results:

Cryptocurrency Experience

own one or more cryptourrencies                            55%
 ready to invest in cryptocurrency                            23%
 need to learn more before I am ready                      22%

Cryptocurrency Confidence

 believe cryptocurrency will replace cash and stocks            10%
 believe cryptocurrency will be an alternative to both          78%
 believe cryptocurrency is just a passing trend                      3%
 I don’t know                                                                      9%

Vaycaychella Cryptocurrency 

 support a Vaycaychella cryptocurrency strategy                     95%
 think Vaycaychella should stay out of cryptocurrency             5%

Vaycaychella Cryptocurrency Priority 

 capability to purchase properties with cryptocurrency               44%
 capacity to buy fractional ownership in one or more properties   40%
 cryptocurrency backed by ownership in Vaycaychella                   12%
 Vaycaychella should not have a cryptocurrency offering now        3%
 Other                                                                                              1%

Cryptocurrency Regulation

 understand cryptocurrency regulations                                 39%
 find cryptocurrency regulations confusing                            22%
 do not understand cryptocurrency regulations                      22%
 didn’t know there where cryptocurrency regulations             12%
 not interested in cryptocurrency regulations                          5%      

Vaycaychella
Categories
Blockchain News Cryptocurrency News

OKEx Releases Two New Decentralized Apps

OKEx, a world-leading cryptocurrency spot and derivatives exchange, is delighted to announce that the team behind the open-source blockchain OKExChain has launched two decentralized applications, OKEx Swap and OKEx Farm, on the protocol. Both these new features, along with the opening of the OKT/USDT Farm Pool commenced today at 10:00 am UTC. 

OKT withdrawals also opened at the same time, giving OKT holders the ability to stake OKT along with USDT in Swap to earn OKT-USDT LP tokens. These can then be used to stake in the OKT-USDT Farm Pool for additional earnings, such as mining new OKT.

The OKEx Swap and Farm initiatives have been enabled by the initial stability testing of the OKExChain mainnet that generated tens of thousands of OKT block rewards (according to OKExChain’s block reward rules). These tokens have not yet been allocated, meaning that OKT holders can unlock significant rewards by mining OKT on-chain.

The size of the reward will be voted on by the OKT/USDT whitelist pool on Jan. 26 at 10:00 am UTC. If the vote is approved, a snapshot will be taken according to the blocks that voted in favor, and the accumulated OKT will be distributed according to the proportion of OKT-USDT LP tokens that they had staked in the OKExChain Farm pool when the proposal was approved.

The amount of OKT that users can mine is equal to the number of tokens staked divided by the total number of tokens in the Farm Pool, multiplied by the cumulative amount of OKT. After the cumulative OKT allocation is complete, users can continue to mine through the OKT-USDT Farm Pool. Staking starts as soon as the Farm function is launched. 

“The phased launch of OKExChain is moving along at a very encouraging pace. Already after completion of the initial stage, we have seen its native token, OKT, commanding an all-time high of $86.54 in its first days of trading on the OKEx platform. We’re thrilled that the team behind OKExChain has been able to provide OKT holders with even more benefits through the Swap and Farm initiatives and to see OKExChain expanding its utility,” commented OKEx CEO Jay Hao.

In addition to staking and mining rewards via OKEx Swap and Farm, OKT provides users with further immediate utility and benefits, including voting rights and transaction-fee payments for decentralized exchanges and other DeFi applications built on the network. OKT is currently available to trade on the OKEx platform with zero fees on all trading pairs for the first 30 days.

For further information on OKEx Swap and OKEx Farm DApps, please visit the OKEx Support Center here.

OKEx is a world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto investors, miners and institutional traders come to manage crypto assets, enhance investment opportunities and hedge risks. OKEx provides spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

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Bitcoin News Cryptocurrency News Ethereum News Litecoin News

More Signs That Institutional Money Is Flowing Into Cryptocurrency

Bitwise Asset Management, a leading provider of crypto index funds, became the most recent example of the influx of institutional money into cryptocurrency by announcing today that it recently surpassed $500 million in assets under management (AUM), up $400 million from its previous report of $100 million in AUM on October 28, 2020.

The Bitwise 10 Crypto Index Fund (OTCQX: BITW), which seeks to track an index of the 10 largest cryptoassets—including Bitcoin, Ethereum, and Litecoin—has seen the strongest demand, recently crossing over $400M in AUM.

The Bitwise Bitcoin Fund and Bitwise Ethereum Fund—which provide low-cost, professionally managed exposure to Bitcoin and Ethereum, respectively—have seen increased demand as well.

“The speed at which professional investors are moving into crypto right now is remarkable,” said Hunter Horsley, cofounder and Chief Executive Officer of Bitwise. “While adoption of crypto as an asset class and conviction around its role in portfolios rapidly expands, we continue to urge all investors to consider the risks associated with investing in cryptocurrencies in general and the Bitwise Funds in particular.”

Bitwise saw record inflows into its funds during Q4 2020, surpassing the total cumulative inflows of 2018 and 2019 combined. The increased demand came primarily from Bitwise’s core audience, investment professionals, including financial advisors, hedge funds, corporate balance sheets, and other institutional investors.

Bitwise specializes in educating and supporting professional investors, with a senior team and staff from firms like BlackRock, Fidelity, Eaton Vance, Wealthfront, Facebook, J.P. Morgan, and iCapital. The Bitwise Funds offer ongoing private placements to accredited investors via www.bitwiseinvestments.com.

About Bitwise Asset Management

Bitwise Asset Management is a leading provider of index and beta crypto funds. Based in San Francisco, Bitwise’s team combines expertise in technology with decades of experience in traditional asset management and indexing—coming from firms including Facebook, Google, Wealthfront, BlackRock, Fidelity, Deutsche Bank, IndexIQ, and ETF.com.

Bitwise is backed by leading institutional investors and asset management executives, and is a frequent commentator on crypto in the press. It has been profiled in Institutional Investor, CNBC, Barron’s, Bloomberg, The Wall Street Journal, The New York Times, and many other leading publications. The firm is a trusted partner to financial advisors, RIAs, multifamily offices, hedge funds, and other professional investors as they navigate the crypto space