Tag Archives: Crypto Earn

Crypto Asset Platform Blocknom Temporarily Terminate its Services due to License Issue

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Crypto-asset earning platform Blocknom announced to temporarily halt its services from July 1, 2022. Blocknom did not specify the reason, however, it is said to consider the market situation and government regulations. On the other hand, the company is yet to have an operational permit or authority license, in this case from CoFTRA.

In its blog post, Blocknom’s management said to discontinue support for Decentralized Finance (DeFi), for which daily interest on USDT, USDC, and XIDR will also stop accruing.

“At this time, we advise you to withdraw your assets from the platform as soon as possible. You need not worry because your assets are safe. Please withdraw all your assets before July 31, 2022,” stated on the post.

According to management, the platform has stopped accepting new users and deposits since June 20, 2022. In order to simplify the asset withdrawal process, it appeals to users to immediately withdraw assets before July 31, 2022. After that, it is most likely that withdrawals will only be made via offline CS.

“We will come back stronger with more services as soon as we get our license. Please wish us luck.” Blocknom team stated.

Recently, crypto asset management services have risen in Indonesia. This is in line with the increasing number of people diversifying into this virtual currency. According to CoFTRA, as of February 2022, there are an estimated 12.4 crypto investors.

Aside from Blocknom, with a unique mechanism, several startups also offer crypto-earn services, including NOBI and Finblox. Both have received equity funding support from venture capitalists.

Recently secured funding

For a general note, Blocknom was initiated in January 2022 by former Gojek & Shopee employee Fransiskus Raymond and former engineer Ritasi Ghuniyu Fattah Rozaq. Blocknom is known to be one of the incubation startups in the Y Combinator batch Winter 2022.

Blocknom has recently secured seed funding of $500,000 or over IDR 7 billion from three investors, including Y Combinator, Number Capital, and Magic Fund last March.

In increasing the added value to its platform, Blocknom offers deposit yields on stablecoin-based crypto assets, namely USDT (Tether), USDC (Circle), and XIDR (StraitsX).

In addition, Blocknom applies transparency to the fund management process and has proof of a community system in the DeFi selection process for managing investor funds, and unlimited incentive programs for its community.

Since the last few months, Indonesia’s digital ecosystem has been hit by a bubble burst phenomenon due to global situations and conflicts. Crypto asset prices are also reported to continue to fall, including Bitcoin and Ethereum.

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Original article is in Indonesian, translated by Kristin Siagian

Blocknom Tutup Layanan

Terkendala Perizinan, Platform Aset Kripto Blocknom Hentikan Layanan Sementara

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Platform earning aset kripto Blocknom mengumumkan akan menghentikan layanannya sementara mulai 1 Juli 2022. Blocknom tidak merinci alasan penghentian ini, tetapi pihaknya menyebut telah mempertimbangkan situasi pasar dan peraturan pemerintah. Di sisi lain, mereka memang belum memiliki izin operasional atau lisensi otoritas, dalam hal ini dari Bappebti.

Disampaikan dalam blognya, manajemen Blocknom mengatakan akan menghentikan dukungan untuk Decentralized Finance (DeFi), yang mana bunga harian pada USDT, USDC, dan XIDR juga akan berhenti bertambah.

“Saat ini, kami menyarankan Anda untuk menarik aset Anda dari platform sesegera mungkin. Anda tidak perlu khawatir karena aset Anda aman. Harap tarik semua aset Anda sebelum 31 Juli 2022,” demikian pernyataannya.

Menurut manajemen, pihaknya telah menutup penerimaan pengguna dan setoran baru sejak 20 Juni 2022. Untuk mempermudah proses penarikan aset, pihaknya mengimbau kepada para pengguna untuk segera menarik aset sebelum 31 Juli 2022. Setelah itu, kemungkinan besar penarikan hanya melalui CS offline.

“We will come back stronger with more services when we get our license. Please wish us luck.” Tutup tim Blocknom.

Layanan manajemen aset kripto akhir-akhir ini memang mulai bermunculan di Indonesia. Hal ini seiring dengan makin banyaknya orang yang melakukan diversifikasi ke mata uang virtual ini. Menurut Bappebti, per Februari 2022 ada sekitar 12,4 investor kripto.

Selain Blocknom, dengan mekanisme yang unik, beberapa startup juga tawarkan layanan crypto-earn, di antaranya NOBI dan Finblox. Keduanya sama-sama telah mendapatkan dukungan pendanaan ekuitas dari pemodal ventura.

Baru peroleh pendanaan

Sebagai informasi, Blocknom baru dirintis pada Januari 2022 oleh eks pegawai Gojek & Shopee Fransiskus Raymond dan eks engineer Ritasi Ghuniyu Fattah Rozaq. Blocknom diketahui merupakan salah satu startup inkubasi di Y Combinator batch Winter 2022.

Blocknom juga baru memperoleh pendanaan tahap awal (seed) sebesar $500 ribu atau lebih dari Rp7 miliar dari tiga investor, yaitu Y Combinator, Number Capital, dan Magic Fund pada Maret lalu.

Untuk memberi nilai tambah pada platformnya, Blocknom menawarkan yield deposito pada aset kripto berbasis stablecoin, yaitu USDT (Tether), USDC (Circle), dan XIDR (StraitsX).

Selain itu, Blocknom menerapkan transparansi pada proses pengelolaan dana dan memiliki sistem proof of community pada proses pemilihan DeFi untuk pengelolaan dana investor, dan program unlimited incentives bagi komunitasnya.

Sejak beberapa bulan terakhir, ekosistem digital Indonesia tengah dilanda fenomena bubble burst akibat situasi dan konflik global. Harga aset kripto juga dilaporkan terus anjlok, tak terkecuali Bitcoin dan Ethereum.