Their latest invention “Spring” proposes to be the most efficient domestic and industrial heating system in the world. The company is committed to selling Spring and other heating products on the Ethereum Blockchain. SAIEX tokens are compatible with ERC20 standard, and its smart contract will be continually updated to ensure a fixed price (1 SAIEX = 1 USD), so investors are not affected by market fluctuations in Ethereum.

“We have enhanced the quality and performance of infrared heating systems, creating a globally unique product, thanks to the most innovative, exclusive and patented technologies on themarket,” said Founder and CEO of Saiterm, Salvatore Morale.

“Spring” heats new homes and single rooms using infrared heating technology. Its rays transform every single watt of energy, and unlike gas or electricity (which heats air) it warms people and objects directly. Not only do infrared rays keep people warm, but it also removes stuffy air by eliminating excess moisture and mould formation.

Infrared heat also spreads heat more effectively than gas or electricity, and crucially it’s cheaper than traditional models. So much so, underfloor heating, which until recently has been considered one of the most efficient systems, is on average 236% more expensive to run than Spring.

Saiterm’s tests have shown that Spring’s panels (1200 x 600 mm) only need to produce 460 watts of power to reach over 85 ° C, making it the best ratio between consumption and heat emissions available.

Speaking about the breakthrough technology, Salvatore Morale said: “We believe that Spring represents a huge opportunity for homeowners to reduce their energy costs and protect the environment. Gas, oil, and pellet boilers have undoubtedly increased greenhouse gases over the past 50 years. By embracing our infrared technology, I believe future homeowners can live and work in maximum comfort while respecting the atmosphere at the same time.”

Available for domestic consumption, Spring is on sale in different sizes and can be controlled remotely from a smartphone, tablet, and thermostat. Owners can easily install the device on a wall or ceiling, as it requires no pipes or maintenance, making it a cost-effective and eco–friendly heating solution for new homes and businesses.

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“I’m thrilled to see Propy leading the charge in putting real estate on the blockchain—bringing transparency, efficiency, and security to an industry traditionally fraught with red tape and bureaucracy. Ukrainian real estate is very affordable, and the Ukrainian market will soon be growing dynamically. This purchase is an important signal to foreign investors—especially Chinese, who face strict capital controls of $50,000 per person—that they can safely and easily invest in this market and, soon, other countries,” said Natalia Karayaneva, CEO of Propy.

Arrington’s real estate purchase from Ukrainian developer Mark Ginsburg is the latest in a string of successes for Propy. In September the company raised $15 million in a pre-sale and crowdsale of PRO tokens—making it one of the 10 highest-earning ICOs this summer. It also entered into an official partnership with the government of Ukraine, which has agreed to pilot the blockchain title registry. The partnership—Propy’s first with a foreign government—coincides with new legislation allowing foreign investors to purchase land in Ukraine as of January 1, 2018.

By utilizing Ethereum blockchain—a technology that is quickly gaining on the bitcoin blockchain as the blockchain of choice for developers—Propy has taken an important first step in automating real estate purchases on the burgeoning global real estate market.

“This is only the beginning. With this transaction, we’ve broken first ground in putting the $217 trillion real estate market on the blockchain. We’re starting with Ukraine, but over the coming year we plan to facilitate real estate transactions with the use of PRO tokens in California, Vermont, and Dubai,” Karayaneva said.

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One of the main reasons behind this is that the current offerings for exchanging currencies in this vast and expanding ecosystem all lie with centralized exchanges, meaning all of the data and information exists in single location. But unlike an online bank, these relatively new exchanges don’t have billions of dollars to spend on security each year.   And in addition to security concerns, centralized exchanges are also prone to price manipulation, DDoS attacks, internal fraud, and high costs, all of which leave consumers with a general feeling of distrust towards the entire industry of cryptocurrency exchanges.

The solution is to create an exchange that uses the exact same technology that created this entire space and by its very nature is inherently secure: blockchain and decentralization.

KyberNetwork is a new decentralized exchange and payment service, which aims to bring a more secure approach to crypto token exchanges. In short, KyberNetwork’s technology will allow users to exchange or receive payments from any cryptocurrency through a completely decentralized network.  No tokens or currencies are stored in a centralized location.

The primary goal of KyberNetwork is to bring a new trustless, decentralized platform which allows for instant trading and conversions between any crypto-assets. Which will prove to be a much-needed capability, since the ecosystem of crypto-assets is becoming much more diverse and the sheer number of tradable tokens and currencies are growing exponentially.

Unified Tokens and Instantaneous Transactions

Perhaps the biggest challenge facing cryptocurrency and crypto token exchange is the fragmentation of the token ecosystem itself.

KyberNetwork’s new smart contract interface allows existing wallets, which in the past only accepted certain specific tokens (e.g. one that only accepts REP, GNT, etc. but not others), to now receive any existing or future token (e.g. PAY and CVC). What’s more, KyberNetwork accomplishes that without having to modify the token contract code, thus enabling smart contracts and recipients to access a wider class of users and receive contributions and payments from any token that the platform supports. That all happens behind the scenes, without any end user interaction required.

The platform is also block-instantaneous, which means that the latency between when an order is made and when it is filled is significantly reduced. Or more simply put, as soon as the transaction that initiates an order is accepted into a block, the trade is confirmed. That process gives users greater trading security by eliminating the window of vulnerability often presented during the acceptance process of a transaction. Security and speed is further enhanced by the fact that the KyberNetwork operator does not hold users’ tokens and orders are enforced by smart contracts, so these tokens are secured from theft losses.

Bringing Liquidity into the Crypto Token Mix

Crypto tokens are suffering from highly volatile exchange rates, fueled by an irregular and unpredictable supply and demand. That makes it more difficult for users to trade or liquidate tokens and also prevents token holders to hedge their positions to reduce the risk of adverse price movements in the future.

KyberNetwork solves this issue by introducing a new system for any user to trade any token instantly and completely securely with guaranteed liquidity.  Their approach is through the utilization of reserve managers, who are incentivized by monetizing their otherwise idle assets.  By serving trade requests from users, reserves earn profit from the spread determined by reserve managers. As the network gains more traffic through collaborations with wallet providers and various other token projects, reserve managers will benefit directly from the trading volume due to network effects within KyberNetwork.

In addition, KyberNetwork’s support for option contracts allows users to hedge against adverse price movement for a fee known as a premium. A ‘call option’ gives the owner of the contract the right to purchase a crypto-asset at an agreed price, while a ‘put option’ allows the owner of the contract to sell a crypto-asset at an agreed price. The premium is calculated using the implied volatility of the underlying crypto-asset.

With a forward contract, involved parties agree to execute a trade at a later date at a price specified in the present. Forward contracts will prove to be useful in situations where token holders need a specified number of tokens at a later date. The idea here is to prevent pricing volatility from impacting token values, allowing token holders to purchase a forward contract, which can negate the risk of token price fluctuations.

KyberNetwork will soon be releasing on testnet, with a roadmap that plans for a ‘mainnet’ launch in Q1 of 2018.

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