Coinswipe and DeHedge Join Efforts on “CUSIP” for Blockchain Token Identification “CUTIP”

By , in PR on .

SAN FRANCISCO, CA – 04-26-2018 (Press Release Jet) — Coinswipe, “Tinder” for scoring ICOs, and DeHedge, the world’s first decentralized risk-hedging platform for cryptocurrency, today announced a strategic partnership to complete the development of the Committee on Uniform Token Identification Procedures, CUTIP, a standardized identification nomenclature for blockchain tokens similar to S&P (NYSE: SPGI) CUSIP numbers for publicly traded securities.

“Unlike tickers used in securities markets, which are unique to each issuer, the same Ethereum ticker symbol can be used across multiple distinct contracts and tokens,” according to Coinswipe CEO Sarah Tulin.“If large sophisticated organizations like Overstock.com (Nasdaq: OSTK)), which confused Bitcoin (BTC) and Bitcoin Cash (BCH) earlier this year, are vulnerable to the risk of misidentifying cryptocurrencies, it’s something worth fixing for retail purchasers and the entire crypto community.”

Coinswipe developed the first iteration of CUTIP Token ID at the World Crypto Economic Forum Hackathon early this year, winning over 8,000 Oracles Network (POA) tokens for the novelty and relevance of the project.The stated goal was to provide an easy solution to a problem that impacts both retail purchasers of cryptocurrency tokens and institutions.

Coinswipe and DeHedge share the vision that everything will ultimately be tokenized on a distributed ledger, similar to blockchain.Despite the massive opportunities tokenization represents, a number of risks are created, some of which can be reduced with standard disclosures and nomenclature.

DeHedge founder and CEO Mikhail Chernov commented “CUSIP, the national numbering agency (NNA) for securities in the US, provides identification for millions of instruments, but does so based on a centralized authority controlled by the American Bankers Association and S&P.This monopoly on information, along with the associated costs, has created issues both in the US and, particularly, in the EU.The CUTIP Token ID initiative will give all the benefits of a standard number system for tokens but using a decentralized autonomous organization managed on the blockchain by constituents.” 

To learn more about CUTIP Token ID or join the initiative, please visit facebook.com/Coinswipe

About Coinswipe

Coinswipe is like Tinder for Scoring ICOs.Swipe left to rate up and left to downgrade.Coinswipers with useful ratings and submissions unlock blockchain token rewards via a Decentralized Autonomous Rating Team (DART) contract that compares their ratings to directional outcomes of the token attribute they swipe.Coinswipe aims to build the world’s largest, and most efficient, decentralized token rating network.

About DeHedge

DeHedge is the decentralized risk-hedging platform for cryptocurrency investors. DeHedge hedges investments in ICOs and cryptocurrencies, safeguarding investors in case of exchange rate fluctuations, scams, and project cancellations. Automatic pay out DeHedge’s smart contracts are programmed to automatically pay out in full in case of a hedged event. DeHedge uses Ethereum, which is a public blockchain

 

Contacts

For Coinswipe:
Sarah Tulin

Coinswipe, Inc.
(415) 963-9890

[email protected]
 

For DeHedge:

Jeremie Henicz

DeHedge Group LTD

7 926 874 6631 
[email protected]

Media Contacts:

Company Name: Coinswipe
Full Name: Sarah Tulin, CEO
Phone:
Email Address: Send Email
Website: https://coinswipe.com

For the original news story, please visit https://pressreleasejet.com/news/coinswipe-and-dehedge-join-efforts-on-cusip-for-blockchain-token-identification-cutip.html.

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Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
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