Why Shapeshift s PRISM is a Scam Steemit-Prism Shapeshift

ShapeShift Prism Bitcoin & Digital Cryptocurrency Asset

Switzerland-based cryptocurrency exchange ShapeShift announced on May 19 that it is launching the world’s first trustless digital asset portfolio platform called Prism, which has been built on top of the Ethereum blockchain. Today at the Consensus Conference in New York City the Shapeshift founder and CEO Erik Voorhees has announced the launch of Prism, a “trustless asset portfolio platform”. I’m a huge fan of financial derivatives and cryptocurrency. When it was launched last year, Prism promised the ability to secure a basket of cryptocurrencies without exposure to third party risk, meaning without. The open beta was planned to launch just a few weeks from today. Using just Ethereum you can create a smart contract to form a Prism portfolio. Prism is, at its core, a set of smart contracts which enable collateralized portfolios of digital assets to be established, giving price exposure to users without counter-party risk and without the need to take. The 1st ShapeShift_io-enabled version of CoinomiWallet went live this very day 3 years ago, and on that note I’d like to personally thank ErikVoorhees as chances are that without the revenue generated by the in-app exchanges Coinomi would have ceased to exist a long time ago. Prism is a platform upon which humans and machines can acquire exposure to portfolios of digital assets without trusting a. This amounts to an expense ratio of 11.69% per year. Shapeshift is charging almost One Hundred Times more than Vanguard to manage your money in effectively the same sort of financial asset, yet without all the protections a SEC regulated security requires. Decentralized cryptocurrency conversion platform Shapeshift once again surprised the crypto community by announcing the closure of the Prism portfolio service. Shapeshift’s Prism has announced that they will be shutting down services on 11th October 2018. We highly encourage you to close out your Prisms. In about 12 days ShapeShift.io will announce details of their new system “built entirely on smart-contracts.”. A week or so after announcing a fundamental change to its business model by introducing memberships to its exchange platform, ShapeShift has now announced the closure of its Prism service before it even makes it to open beta. The value of this portfolio will fluctuate according to the value of the cryptocurrencies held. The Prism platform is currently in private beta and registrants will be granted access over time by the ShapeShift team. It stated: “Prism is shutting down soon.

This week, ShapeShift.io CEO Erik Voorhees announced that the company’s investment product “Prism” will be shutting down. The Prism website announced the service would be open for withdrawals until October 10. Shapeshift, which recently announced a shift to a mandatory membership model, is now also shutting down its decentralized portfolio platform, Prism. For those who aren’t in the loop, Prism is a series of smart contracts that allow users to experience the thrill of having a diversified portfolio of crypto assets without the risk of. It is also the name of a Swiss-based company that created the world’s first trustless asset portfolio for acquiring digital assets without counterparty risk. Civic CEO Vinny Lingham echoed her statement saying: “We are pleased to welcome ShapeShift’s Prism platform to Civic’s Partner Network. Hello Geda173, Prism is still in Beta and does experience some issues due to it’s novelty. Prism Cryptocurrency Portfolio System to Shut Down After 18 Months in Operation. Clay Collins: Cutting in here from the booth again. He currently is a major angel investor in many bitcoin-based. The site will be live until 10/11/2018. John (ShapeShift): No, 100%, yeah, ShapeShift as a company could disappear tomorrow, and if you have a Prism on chain it doesn’t matter. Roger Ver – Linkedin – Advisor and Investor. Prism is both the name of ShapeShift’s DIY hedge fund product, but it’s also the name of a smart contract object you create with their Prism product. Inside of this portfolio you can. During the 30-day period, users need to withdraw. Swiss blockchain technology company ShapeShift AG announced the launch of Prism – a digital asset trading network built entirely upon Ethereum-based smart contracts.

Prism was, at its core, a set of smart contracts which enabled collateralized portfolios of digital assets to be established, giving price exposure to users without counter-party risk and without the need to take delivery, or set up or manage multiple wallets. High fees aside, ShapeShift Prism is a unique new service that makes it easy for investors to get exposure to cryptocurrencies without individually buying assets on their own. It also keeps cryptocurrencies safe for the duration of your investment. Founder Erik Voorhees is a legendary cryptocurrency entrepreneur and is always ahead of the curve. Prism was a platform that allowed investors to create Ethereum-based portfolios with a variety of crypto-assets without having to hold their coins on exchanges. Prism released as the first functional Ethereum smart contract product. aug 2017. ShapeShift acquires KeepKey, a premium hardware wallet provider. jun 2018. ShapeShift acquires Bitfract, an exchange tool to diversify portfolios. Sep 2018. Membership Portal goes live, providing a comprehensive user experience. oct 2018. Prism is retired to fully focus on other projects. nov 2018. User-accounts. ShapeShift.io is the leading instant digital asset exchange, supporting dozens of blockchain tokens including Bitcoin, Ethereum, Monero, Zcash, Dash, Dogecoin and many more! The idea behind the platform is to allow for cryptocurrency holders to quickly and easily diversify their holdings (or at least their exposure to certain assets) without the need for making actual trades for keeping track of private keys and wallets. The service provides investors with. Crypto exchanger company ShapeShift.io informed users today that its well-received crypto portfolio service launched last year Prism will be shutting down. A year and a half ago, ShapeShift released Prism in closed beta. With Prism, ShapeShift creates a platform where you can acquire, store and sell digital assets without ever using your own wallet – without trusting an online wallet. The company announced this news via a blog post on their website. Prism is the world’s first trustless asset portfolio platform, powered by Ethereum smart contracts. The Shapeshift and Prism Founder and Advisors. Erik Voorhees – Linkedin – CEO and Founder. Erik is a well-known figure in the Cryptocurrency Community. Best known for his original work on Satoshidice and Bitinstant with Charlie Shrem. Roger is one of the original evangelists of Bitcoin. ShapeShift is one of the leading cryptocurrency exchange services, but its business model differs from that of a classical exchange.ShapeShift also develops CoinCap and cryptoasset management platform Prism, acquires cold wallet manufacturer KeepKey. It allows investors to create a portfolio of cryptocurrencies. Also Read: 66% of Cryptocurrency Enthusiasts Don’t Want to Receive Wages in Fiat. We are also working on ramping up support for this new project. On Tuesday, ShapeShift, a Switzerland-based crypto infrastructure firm, revealed that it would be discontinuing Prism come the second week of November via an official blog post. Subscribe, review, and if you can, consider donating some Bitcoin to the cause. Since opening the Prism cryptocurrency portfolio company a year ago, Spaceshift.io has …. The new portfolio management platform enables humans as well as machines to gain exposure to portfolios of digital.