Miha Pulko, CTO: We will be GDPR-compliant, all data and keys will be encrypted, and we are working with top security experts
The MoneyRebel team is trying to do everything to answer all the questions from our community members. Therefore, we started to host some of our key experts in our Telegram channel and invited everybody to ask them anything regarding MoneyRebel platform. Here we collected the questions that were answered by our CTO, Miha Pulko, who is responsible for blockchain and crypto arbitrage, and he is also co-founder of MoneyRebel.
(Some questions and answers were redacted for grammar compliance purposes!)
Miha Lavrič: What are the plans for arbitrage. Timeframe, post-ICO, pre-ICO?
Miha Pulko: We are currently working with several exchanges on opening corporate accounts. Some of the funds from pre-ICO are already being traded, but the majority is unfortunately still locked in the Parity wallet address –we’ are looking into that to release them. All contributors from pre-ICO will also get a chance to further invest twice the amount in our kriptelde.pro fund once the regulator approves us in later milestones.
Miha Lavrič: Will our funds, that we have in MR, be automatically included in the arbitrage process, or are we — “the users” — kinda in control in that process?
Miha Pulko: Once we’re properly licensed each user will be able to invest (Note: those that will support our project in ICO) in our kriptelde.pro fund and collect profits from that.
Anis Souissi: Where will MoneyRebel utilise the blockchain?
Miha Pulko: Good question. MR utilizes blockchain in three areas.
- Blockchain is used for releasing MRP tokens on an Ethereum based smart contract and for providing an integrated Ethereum wallet built in the MR platform and mobile app.
- Using identity vault to use the ETH wallet to safely login to the platform and to also work as proof of identity.
- Having the results and ratings of advisors on platform stored on the blockchain.
Damjan Rajh: Will all contributors from pre-ICO also get a chance to invest in kriptelde.pro fund — when later?
Miha Pulko: This is planned for milestone 3 along with MR banking — as at that time we’ll have all the proper licenses and regulations taken care off.
Damjan Rajh: What are the current results of the arbitration business?
Miha Pulko: In January there was a net profit of ~12% from crypto arbitrage.
Miha Lavrič: How will we be able to spend the MR tokens? Inside the platform? What will we be able to “buy/rent” with them?
Miha Pulko: All services will be payable with MRP tokens. Advisors will also need to deposit certain amounts of MRP tokens as collateral and security deposit before they start managing any funds from others.
Damjan Rajh: Will arbitration operations be taxed?
Miha Pulko: Personal taxes will apply based on laws in a country you come from. For Slovenia, you can find a good read HERE.
Miha Lavrič: I have a tricky question. Don’t judge me. Is it possible to somehow integrate arbitrage into blockchain?
Miha Pulko: I would say yes, it is possible. How effective it would be, though, is a more tricky question. But in any way, conducting arbitrage successfully across multiple currencies and multiple exchanges requires at least partial integration with blockchain as you use it for transferring funds between exchanges.
Miha Lavrič: I have also got a question about security. How is our personal data protected? Do you intend to use our data for further “processing”? Is MR compliant with the data protection law (GDPR) that is coming in May? Also, I would like to know, where will our tokens, that we will keep on the MR platform, be stored? We are all aware of the NiceHash story, and it’s always a risk to keep the tokens on a platform if they are not secured properly.
Miha Pulko: Personal data will be stored in compliance with the new GDPR standard. No personal data will ever be used for further processing without consent from our users first — but some data will be used for further automation and improved user experience in connection with AI. Regarding the built-in wallet and security, we’re working with security professionals who advise us on the best market practices. To be more specific — all data that is sensitive will also be encrypted and for built-in ether/btc/crypto wallet, all keys will be encrypted from the user side so even we won’t be able to read them. I hope I answered all. ;)
We really appreciate our community and would like to invite everyone who is interested in MoneyRebel platform to join us on our №1 communication channel — Telegram. This is also the place to find out when our next AMA will take place. You will be able to chat with Matjaž Mausser, our crypto-skilled investor.
Do not miss out our next AMA with Matjaž Mausser (Wednesday, March 7th, 2018 at 8.00 PM)!
Join us on Telegram: https://t.me/moneyrebel
Visit: https://moneyrebel.io/
