Author: NewsBTC

One of the biggest auction houses in the world, Sotheby’s is best known for its NFT auctions. They have worked with leading artists to launch NFTs, with one of the most memorable sales being a digital art piece by Beeple, an anonymous digital artist for $68 million. The uniqueness of NFTs, which exist as tokenized versions of assets, secured by the blockchain, have made them popular with art buyers.

The Year of NFTs; 2021

As 2021 comes to a close, it can be declared as THE year of NFTs. Various stars have released their own NFTs, which they have sold to their fans. However, some believe that NFTs may be a fad, which will soon go bust.

One reason for this misconception is that many people believe NFTs can only be used to create digital art. However, that is not the case. NFTs are opening up a whole new revenue stream that could lead to the rise of innovative digital products. Various industries are looking into the use of NFTs to tokenize assets such as music albums, iconic moments, and sports memorabilia. Some of the use cases for NFTs that currently exist are:

Fashion

Luxury brands, such as Gucci and Dolce and Gabbana, are entering the NFT space with limited collections. The use of NFTs helps safeguard the ownership of fashion items, while also ensuring easy verification of authenticity. It is an especially effective solution to counterfeiting.

Patents

Another use case for NFTs is securing patents and intellectual rights. Tokenized certificates that come with legal safeguards help to safeguard the authenticity of a document while helping to add transparency.

Music

In the music industry, NFTs provide proof of ownership of original content while making it easy to authentic music. When it comes to royalties, NFTs also makes it possible to easily track the monetization process.

Real Estate

NFTs have also found a use case in the real estate world, where they can be used to provide provenance on the ownership of a piece of real estate. Besides that, they provide transparency into the transfer of ownership of such an asset.

Collectibles

NFTs are a unique way to guarantee the purchase of unique digital collectibles, which provide absolute certainty on provenance thanks to the security of the blockchain.

Gaming and the Metaverse

Most widely, NFTs are finding use cases in online gaming and metaverse. By using NFTs, players can have the absolute ownership of in-game items, which they can sell on secondary markets.

NFTs and Digital Fashion

Digital fashion is a trend that has been made possible in a huge way by NFTs. A good example of a digital fashion company that is working to bring NFT fashion to the masses is Space Runners. Space Runners is working with leading celebrities and sports icons, such as Kyle Kuzma and Nick Young, to bring NFT collections to the masses. These exciting partnerships will be displayed in Space Runners’ first collection; NBA Champions Sneaker Collection

Users have the opportunity to purchase these unique fashion items that are secured on the Solana blockchain. Space Runners plans to launch digital collections of these items, which users can hold forever, in mid December.

In the future, Space Runners plans to launch a VR environment, where holders of Space Runners’ digital fashion can interact with their apparel. They can share these interactions on social media, which will help to grow the popularity of the platform and the value of the NFTs.

Instead of visiting catwalks in Barcelona, visiting the Space Runners platform can peruse through digital fashion via their computers or mobile devices. In the future, the platform plans to launch a marketplace where people can trade their fashion apparel NFTs with others. They also plan to launch in the metaverse with unique fashion apparel that people can use as skins. This is something that Meta has expressed interest in, in direct response to Space Runners on Twitter!

Holders of ‘Runners’ will also get special privileges, such as special access to merchandise pre-sales by the sports stars. They will also get exclusive entry to sports stars post-game events where they can interact with them.

Space Runners could not achieve its purpose without support from its partners. These include the likes of Ankr, Clover Finance, Divergence Ventures and Bullet Labs.

To stay tuned please visit: Twitter | Discord | Website

Social media platforms have allowed thousands of artists, creators and celebrities to rise to fame and become household names within every niche imaginable.  The business of sharing the intimate details of one’s life has become a lucrative industry like any other – but it is flawed.

The current social media model completely favors the large social media giants. It is designed to compensate the giants with profits and the artists & creators with awareness (followers).  If artists & creators would like to monetize their followers and actually make money, they have very limited options.  The typical result is paid ad posts that are often inorganic, off-brand and salesy, which damages fan relationships and hurts artist post engagement.  Artists & creators treat content creation as a full-time job and deserve to get paid for that effort without damaging the relationships they spent so much time and effort building.

The Solution

Is it possible for an artist to get paid for giving their fans more of what they want (content focused on THEM – not ads), without asking those fans for money? This is the question the team behind Promify asked themselves, and they believe they have found the solution.

Promify is a new platform that allows artists & creators to issue their own custom “Community Coin”. This coin is available to anyone for purchase and comes with some exciting benefits.

The artist is able to provide their coin-holding community with exclusive access to literally anything – from exclusive content, 1 on 1 live video, NFT drops, merch…. The possibilities are endless.  The artist is then able to identify and segment their coin holders by the amount of coin they own, allowing them to reward their biggest supporters accordingly.  This allows fans to allocate as much or as little of their own capital as they would like, in order to gain their desired level of access.  Fans can hold, buy more or sell their coins easily at any time.

How the Promify Model Works

When an artist creates an intimate and exclusive offering, they create demand for their Community Coin – but how does the artist make money?

When an artist issues their coin, they automatically keep 15% of the coins issued. This means, as demand grows for the coin and the price of the coin goes up, the artist and all of their coin-holding fans benefit from the upside.  Additionally, the artist can create incremental offerings that coin holders can spend their coins to obtain. Promify doesn’t take a cut of any artist profits and only makes money by charging a 1% transaction fee on all purchases and sales of Community Coin.

This business model is the first of its kind and wouldn’t be possible without the blockchain allowing fans to openly buy & sell Community Coins and Artists to easily track ownership.  Promify is leading the way in the emerging area of social tokens and disrupting the artist/fan ecosystem.

 

Imagine coming up with a song idea and the idea is loved by everyone so much you get backing via a crypto token. And you raise so many of these crypto tokens, your favorite artist then decides to sing it.

Sounds crazy? It’s possible — as of today. Yes, via the popular social music app Geojam you can do just that.

It works like this: Geojam is an Apple iOS social streaming platform, backed by artists like Mariah Carey and 24kGoldn. It lets users have “interactive experiences” with their favourite artists and share music with friends and other app users.

Today it dropped its very own crypto token, $JAM. Released through decentralized finance (DeFi) platform Lattice Exchange Launchpad — which is powered by Constellation Network’s Hypergraph protocol — the token can be earned, held and staked by Geojam users.

With $JAM fans can direct their favorite artists music careers

Got a great song idea for your favorite artist? Stake $JAM in a “proposal pool” and if other users like it, they’ll back it. If it gets enough backing, the artist will create the song. That’s the idea, anyway.

“Artists want to engage deeper with their fans, while fans have also demonstrated a desire to engage with their favorite artists,” Sarah Figueroa, CEO and co-founder of Geojam, said. “$JAM reward incentives offer a key benefit to the community while also empowering artists to monetize their fandom.”

“Our crypto token allows artists and fans to leverage their collective influence in a way that’s never been done before to build new opportunities and provide a way for them to earn together,” she added.

The more $JAM tokens a fan stakes to a particular creator’s pool, the more likely their chance to earn a once-in-a-lifetime experience with their artist will be.

$JAM tokens can also be earned by Geojam users by engaging in the app and taking part in fan competitions and tasks — which can be as simple as just sharing music and streaming videos.

And the idea has certainly gained some traction: $5.9 million was raised through two $JAM private sale rounds before its release today.

Geojam will run on the Constellation Network Hypergraph

$JAM will run on the Constellation Network — like Bitcoin and Ethereum — and the idea is that with the tokens having their own unalterable ID, timestamp and rights information, artists (and fans) will be paid fairly for their work.

Justin Rosenbaum, Chief Growth Officer for Geojam, said: “The $JAM community is who decides what happens on the platform, meaning artists and fans can work together towards common objectives within our ecosystem and share the rewards.”

ChainSwap, a cross-chain asset bridge & application hub for smart chains, launched its cross-chain bridge aggregator today. The initial version of ChainSwap Cross-chain Bridge Aggregator integrates three leading bridge solutions, namely Poly Bridge, Multichain, and AnySwap. More bridges are expected to be supported by the aggregator. ChainSwap’s final goal is to integrate all cross-chain bridges available on the market and become the go-to platform for cross-chain solution seekers.

Why a Bridge Aggregator: Current Challenges

Imagine that you want to transfer a token from ETH to BSC with a decentralized cross-chain bridge. Currently, there are a few challenges. First, you need to research which bridge supports the token on both chains. Second, you need to choose which bridge provides the best deal with the lowest slippage and transaction fee, on top of other information such as estimated bridge duration time. In order to do that, you have to spend time comparing all the currently offered bridge solutions. This is difficult and time-consuming as the currently offered bridge solutions do not have a common interface, this is where the Chainswap bridge aggregator comes in.

Market Analysis

According to Dune Analytics, the current combined TVL of Ethereum bridges is $26.65 billion as of Dec. 1, 2021, up by +100% from only 2 months ago. This data tracks the 17 leading Ethereum bridges and is demonstrating an ever-growing trend.

Ethereum Bridges TVL

There are a number of main cross-chain solutions currently available on the market, including Cambridge, Hop, Binance Bridge, Terra Bridge, Anyswap, Allbridge, Renbridge, Xpollinate, Polynetwork, etc. More cross-chain projects are expected to emerge in the future.

Different projects adopt different approaches

We have centralized ones V.S. decentralized ones; cryptographic algorithms V.S. trusted devices; multiple steps V.S. simple one-click. Each cross-chain solution has its pros and cons. But in terms of the overall structure, all of them are based on these five elements: source chain, source token, destination chain, destination token, and sender. When it comes to EVM-based cross-chain solutions, we also have a Source Mapping contract and a Destination Mapping contract.

ChainSwap’s Cross-Chain Aggregator Solution

ChainSwap’s ultimate goal is to create an aggregator platform that integrates all cross-chain solutions and allows users to enjoy the margin of these projects combined through the unified interface that we provide, thus making the cross-chain experience more convenient and effective.

This ultimate goal will be rolled out in steps and the first step has just been completed through the integration of Poly Bridge and Multichain. Support for other bridges such as AnySwap and Wormhole, is already under development and is expected to go live shortly.

The entire aggregator solution is presented in the form of one interface. Users first select the Source token they wish to transfer cross-chain, then the source chain, destination chain and enter the amount they wish to transfer. The platform then presents the user with a list of all cross-chain projects that can provide this service. Once selected, the cross-chain transfer can be done with one click.

Web3 promises to break us free from the centralized mega-corporation dominance of the Web2 generation, opening up a plethora of decentralized, peer-to-peer use cases that leverage the potential of the internet of value.

While Web3 adoption has so far centered around DeFi, NFTs, and more recently GameFi, social media and data storage are also ripe for decentralization as SocialFi sets up to potentially become the next big thing.

Building a Decentralized Reddit and Data Portal for Web3 Applications

myMessage is the world’s first-ever decentralized Reddit-like social media and data storage platform, supporting evolving Web3 applications including a thread-reply bulletin board, messaging dApp, developer tools, SDKs, and encrypted data portal.

The myMessage data storage and messaging dApp solutions are initially being built on the Zilliqa blockchain, taking advantage of its speed, throughput, and low-fee decentralized network to meet requirements. Further interoperable multi-chain integration across Avalanche and Binance Smart Chain (BSC) will then follow.

The decentralized messaging dApp as well as a Reddit-like thread-reply bulletin board will be built on Polygon’s scalable layer 2 blockchain technology, after being awarded a Polygon Development Grant.

Overcoming the Problems of Centralized Social Media and Data Storage

The centralization of mainstream data storage and social media is a significant pain point, leading to censorship, privacy abuses, and security breaches, with an economic imbalance that strongly favors the platforms.

myMessage’s solution is to use decentralized social media, storing AES256 encrypted data and content permanently on a blockchain with quantum-attack-resistant security. Data stored on a blockchain is immutable, transparent, timestamped, and void of risks to hacking, tampering, or loss due to its decentralized nature. The tokenization of value on blockchain also provides a medium for incentives that return proprietary rights and profits to the users.

Data Storage and Messaging dApp

In contrast to centralized cloud storage solutions with hefty costs on annual contracts, myMessage only costs approximately $0.10 per message, depending on its size. This works via a smart contract on one of the myMessage supported networks and a front-end app that interacts with it. Users type a message or attach a file, encrypt it if necessary, and send it to the network, paying the corresponding fee in native MESA tokens. They can then view or retrieve their information at any time for free.

As almost anything digital can be securely stored on a blockchain, myMessage opens up several use cases including encrypted messages for private information, verifiable legal documents, NFT artwork and other intellectual property, crypto, patents, or digital asset storage.

Reddit-like Bulletin Board and Social Farming

The Reddit-like thread-reply bulletin board will be a bridge for users to communicate, encrypt threads, and transfer data in a decentralized way, recovering the rights to, control over, and value of their data produced by socializing online.

All users can connect their Web3 wallets to access the myMessage bulletin board. It is privacy-preserving in that all users can access data without risk of being exposed or traced.

Users will also be able to enjoy farming rewards simply by socializing on the platform, and can pay in native MESA tokens to start private threads, post replies, comment, or like. They can also tip other users in MESA tokens when they see good replies and comments.

MESA Token Utility

Beyond its use as a payment medium for fees, tips, and social farming rewards, MESA is also used for governance, staking, and deflationary buy-backs, with a total capped supply of 5 trillion tokens.

Holders of MESA can participate in DAO proposals and vote on the future direction of the platform. Stakers are offered staking rewards for providing liquidity and platform revenue will also partially be used for MESA buy-back and burns.

What’s Next?

The MESA public sale, token launch, and DEX listing is expected to take place by the end of the year, alongside staking services, a top-tier CEX listing, and Avalanche integration.

The 2022 roadmap is then set to deliver multi-chain integration with BSC and Polygon, a mobile app release, and developer tools in the run-up to full mainnet launch.

 

Over the years, Faith Connexion has been a trendsetter in fashion, creating thousands of street-wear garments seen on a number of A-List celebrities. With a style described as chic rock, edgy glamour or street couture, the brand’s clothing is sought by celebrities and trendsetters alike. This is because Faith Connexion stands out from the mainstream, representing an eclectic yet practical wardrobe for people who seek to showcase their individuality.

It was only a matter of time that a brand as innovative and creative as Faith Connexion launches its own NFT, under the name Faith Tribe. Iconic brands like Louis Vuitton and Balenciaga have jumped onto the NFT hype over the past year. But why the hype and what even is an NFT? NFTs are non-fungible tokens of digital content linked to the blockchain. To get one, you need a cryptocurrency wallet, through which you can purchase NFTs on an NFT marketplace. Since NFTs are non-fungible, they are exclusive and not mutually exchangeable, unlike fungible assets (such as Bitcoin). A brand can either release exclusive NFTs, where there is only one copy of the digital work or an exclusive NFT with multiple copies.

At the Art Basel Fair in Miami Beach, Faith Tribe launched its very own NFT initiative and token. However, its NFT release will come with a special spin, unseen from any other brand. Faith Tribe will be launching ten NFT collectibles that will be paired with the brand’s most iconic garments. The garments will be displayed and then sold in Faith Tribe’s showroom during the Art Basel Fair, with the garments embedded with NFT tags that prove ownership upon scanning.

Faith Tribes’ NFTs at Art Basel were complemented with designer sketches and related media. The brand will also potentially invite NFT owners to exclusive virtual and live events. So buyers of Faith Tribe’s NFTs at the Art Basel Fair will not only be purchasing an iconic garment from the brand but will also be purchasing the garment’s story, with the sketches revealing how the garment came to life. They’ll be purchasing a part of Faith Connexion’s history, as the NFTs will be the first of likely many that the brand will introduce. They will also be buying access to the brand’s future, through exclusive invitations to brand events. We want in on this and you should too. Buying one of Faith Tribe’s NFTs doesn’t just mean ownership of a piece of digital work. It means an exclusive, multifaceted and memorable experience, and that’s what the brand’s about. Individuality, excitement and uniqueness.

Faith Tribe’s initiative at Art Basel will be the prelude to the launch of its own token, and its own online marketplace and open-source creative platform, “Faith Tribe”. Faith Tribe will enable users to select a clothing template from more than 10,000 Faith Connexion garments in its archive as a base for their own garment design. Users can then upload their own designs and even set prices, auctions and royalty fees. Faith Tribe’s exclusive token will be used to mint the NFT, with designers and users being able to sell and buy designs on the Faith Tribe marketplace. Designs can be bought and sold with their token. Behind the idea of Faith Tribe, is Faith Connexion’s innate desire to democratize fashion and enable everyone to showcase and profit from their talent, true to its modus operandi of thinking outside of the box.

The Art Basel Fair in Miami will take place in early December for those — rightfully — seeking to get their hands on Faith Tribe’s NFTs.

Over the last few months, there have been several token launches on Terra. What has been noted, is that there have been two major challenges that continue to occur. First, the initial liquidity pools are just not deep enough. This causes an outrageous manufactured initial price pump, making all the insiders feel really good, but is quite unfortunate for the retail buyer as they are not part of that initial purchase. The second issue is that as soon as the token goes live, all the liquidity at the initial list price is sniped by bots in the first seconds, again forcing the retail buyer to buy in at higher levels.

White Whale has designed an initial token launch model that addresses both of these issues while at the same time bootstrapping our own protocol owned liquidity efforts… it is called “THE BOOTSWAP”

So what is a BOOTSWAP?

Here’s how it works, White Whale is utilizing the latest, freshly audited, open-sourced LBP code graciously provided to the community by the Astroport team. An LBP, or Liquidity Bootstrapping Pool, is a mechanism for launching tokens originally utilized by Balancer that is designed to defer bot activity by starting the token price high and allowing it to float down to price discovery over a pre-set period of time, say 72 hours. LBP’s are also utilized as fundraising tools as the team provides the initial liquidity at a disproportionate ratio, say (98/2 token/stablecoin) and as the tokens are sold the ratio eventually balances out to whatever target ratio is set by the team in the parameters (i.e. 20/80 token/stablecoin), allowing them to claim the stablecoins and so raise capital from the difference.

This is how it generally works, however at White Whale they are taking a slightly different approach. The team from White Whale has been signaling their intention to pursue Protocol Owned Liquidity for some time now, with that said, unlike most other LBP events, White Whale’s BOOTSWAP event will not be a token sale or fundraiser in any way. Absolutely none of the profits from the event will go to the White Whale team or incubating entities. The team funds will be deposited into the LBP pool (along with WHALE tokens) initially, and at the end of the LBP event, when the liquidity pool balances at our predetermined ratio of 50/50 UST/WHALE, same as your standard LP token… all of that liquidity will migrate straight to TerraSwap and will serve as the perpetual trading liquidity for the UST/WHALE pair. All of the corresponding LP tokens will be deposited into the White Whale War Chest and be owned by the protocol.

So what does this mean?

1. From its inception, White Whale should own the lion’s share of its own liquidity. That’s right… POL right from the start, and
2. It means that because this is not a sale or raise and all of the funds are going straight into the community-owned treasury, there will be no KYC requirements or trading restrictions for this event!

Questions that are commonly asked are: how does this benefit the regular retail buyer if the price already starts high? What if it stays high and never comes down? White Whale has thought this through and developed a solution for this scenario. Their goal is to distribute WHALE tokens at fair and honest levels to retail buyers. In order to do so, rather than being another project who under-fills the initial pools to manufacture a pump, the plan is to overshoot demand with our initial pool size. They will be depositing 100 million WHALE tokens into the LBP to start. Their reason for this is arguably refreshing – “Because F#&% The Bots, that’s why. They believe this will give everyone who wants to buy liquid WHALE tokens on the first days of trading an opportunity to do so at good levels without all the juicy initial liquidity being stolen by the bots. The starting price will be $1.00, so if bots want to snipe, that’s the price they will be sniping at. It will then float down to price discovery over a period of 72 hours, or until the target ratio is met

 

The leading layer-2 DeFi lending protocol, EasyFi Network has launched its #BuildWithEasyFi initiative to encourage the developer community to leverage various benefits offered by the EasyFi ecosystem. As a part of the initiative, EasyFi has announced a Developer’s Fund and Grants program where promising projects and individuals can gain access to the capital necessary to build their products, in turn contributing to the growth of the EasyFi Network.

According to the company, the Developer’s Fund has been in the works as part of its roadmap for the year 2021. The fund will encourage open infrastructure development, offering the developer community access to EasyFi’ s resources with the intention of accelerating the overall growth of the entire DeFi ecosystem.

Applications are now open for entry into the EasyFi Developer’s Fund and Grants program.

The Idea Behind EasyFi Developer’s Fund and Grants

EasyFi Network is on a mission to promote the underlying principles of DeFi – Composability and Decentralization. While the blockchain protocols offer adequate levels of decentralization, the only way to drive composability in the ecosystem is to encourage community participation by providing adequate support. The EasyFi Developer’s Fund and Grants program acts as a lucrative support structure.

The program focuses on targeted resource allocation to ensure the worthy projects get the necessary tools and resources to develop full-fledged DeFi products. As a part of the initiative, independent projects and groups will be able to collaborate with the EasyFI Network and access various features it offers, which can be readily implemented. To further the applications of EasyFi Network alongside the development of the DeFi ecosystem, EasyFi has shortlisted a set of focus areas for the Developer’s Fund and Grants program.

These areas of focus include a mobile-first approach for staking, farming, and lending involving EasyFi pools; automation solutions; dashboards and analytics for EasyFi lending, liquidation etc; use cases for the EasyFi’ s native EZ tokens; cross-chain bridges and infrastructure; third party interfaces for accessing EasyFi lending, staking, and farming pools; and native cross-chain dApps leveraging EasyFi lending pools.

“With a vision that leads us to become a DAO eventually, the overarching theme of the protocol has always remained focussed on building open lending infrastructures. We believe that a collaborative approach with a community of believers, will drive the growth & direction of the network. We are very excited to get involved with some very talented people who are planning to work on & integrate the EasyFi lending to create products and applications that extend & grow the protocol.”

— Ankitt Gaur, Founder and CEO of EasyFi Network

Apply for the EasyFi Network Developer’s Fund

With applications open for the program, interested individuals, teams and projects can submit their entry by filling a simple form. They will have to give details about their project, teams along with their contact info, GitHub link for the project and more. Once the application is submitted, the EasyFi team will review them and shortlist the entries that meet the required criteria. They will communicate with the selected applicants detailing further steps.

Apply here: https://forms.gle/Q4Ueoait3ZvMujrD8

 

Flickto has seen tremendous success since its first launch on Nov 1st. The number of delegates on the platform has grown rapidly, as has the volume of ADA staked. Less than one month after launch, more than 1.5 ADA has been staked on its ISPO delegator pool.

The project is revolutionizing the way that media financing is carried out. Flickto uses the ISPO pool to fund projects through community partnerships. The media launchpad provides creators with the financing they need to produce their content, while simultaneously providing users the ability to earn passive income by way of distribution royalties after the projects are completed.

Staking In Flickto ISPOs

Users can stake and earn rewards by staking their ADA and earning Flickto’s native token FLICK. Staking with FLICK tokens gives the user the right to vote for the projects which they would like to see funded. Then when the projects are approved by the broader community via voting with staked FLICK tokens, financing is provided until the project is distributed. At which point users will start earning royalties.

Users are able to fund projects that will eventually be seen on the big screen in theaters and also on their TV screens. This takes the power over the media industry out of the hands of a few conglomerates and puts it in the hands of the community, completely eliminating the barrier to entry for industries such as this.

In addition to the rewards from staking FLICK and ADA, participating in voting also earns users rewards. It also makes users eligible for extra rewards, like the just-concluded airdrop that saw two NFTs go to users who have staked in the pool.

Where Media Meets Blockchain

Flickto is the first of its kind on the Cardano blockchain and as such has recorded much success since launch. It entered into a partnership with media industry veterans Ben Morris and Geraint Harvard Jones, who serve as advisors to the project. With decades of experience between the two, they will guide Flickto as they navigate the media project financing space.

Artists from various genres can be selected by the community for financing. Flickto is not just limited to film and TV production. NFT artists and content creators are another example of projects that users can vote on.

FLICK Private And Public Sale

Flickto has completed the first phase of its Private Sale round with great success. The next opportunity to acquire FLICK outside of the ISPO is via the upcoming IDO. The private sale gave users the opportunity to purchase the tokens at a low price.

The Cardano-based project will help accelerate Flickto to provide efficient and transparent crowdfunding services.

The total supply of FLICK tokens is capped at 5,000,000,000 with a total of 1,000,000,000 FLICK tokens going up for sale in the private sale.

 

Registration for the BUMP Public Token Sale opened on December 2nd

Although Wall St has long been invested in the cryptocurrency markets, the two are still very different when it comes to market volatility; the wild price swings of crypto assets are enough to chill even the most successful Forex trading professionals to the bone. As the blockchain and crypto industries continue to balloon in both innovation and valuation, protection from untamed price action is still largely unavailable for most, and has no doubt impacted the world’s view on the market as a whole.

In recent years, various advances have been made in the areas of cryptocurrency options and automated trading, but these products are often complex and expensive meaning they are out of reach for most “everyday” traders and investors. Bumper Finance looks to fill a gap in the market with the introduction of a price protection protocol, one that benefits both the user purchasing price protection at a premium and those providing stablecoins into the protocol’s liquidity reserve.

The BUMP Public Token Sale

With over $17.5 million already invested in Bumper Finance’s mission, the BUMP Pre-Sale was heavily subscribed and the Bumper team also declined over $32 million in institutional investment in order to give more investment opportunities to their community. The Bumper team opened registrations to the public on December 2nd and encourages them to become a central part of the Bumper ecosystem, which will in the future adopt a DAO structure, and enable the BUMP token holders to vote for changes to the protocol, utilize its core protection function and act as a critical element to the balancing mechanisms. Token holders will also be able to stake their tokens in the protocol as a core module and in return for generous rewards.

The Bumper Finance Public Token Sale begins on December 9th, 2021, with the price for BUMP tokens set at $1.50 but is reduced to $1.25 for buyers willing to stake their tokens for 3 months; with the popularity of previous BUMP token sales, the team is expecting high levels of involvement and direct would-be buyers to discover more information on the project website to ensure they get a spot in the sale.

Turning On Crypto “God Mode”

Bumper Finance introduces “God Mode” into the crypto and DeFi markets, giving users the opportunity to minimize losses on downwards price action, and also enabling them to ride the wave back up should their assets recover after a drop in price. This type of functionality is yet to be seen within a protocol and presents significant upside potential for participants holding BUMP tokens, which must be held by the user as an access token that is bonded to the protocol in order to take out a position.

Holding BUMP tokens allows users to lock in a price floor for their assets, hedging against volatility for a small premium and giving them peace of mind that they will receive a particular stablecoin amount for their assets should the price decrease, without them being forced to leave their assets on a centralized exchange in the hopes they will find an exit to minimize their loss. The user can also then freely utilize those assets to take out a DeFi loan or to farm with. The crypto ‘Power-Up’ functionality within Bumper also exposes token holders to rewards from fees earned by Liquidity Providers providing stablecoin liquidity to the protocol.

The Bumper Public Sale starts on December 9th. Follow the Bumper Twitter for updates and visit the project’s Medium page for detailed sale information.

 

The metaverse is a blossoming industry and as with any growing body, it needs nourishment. This nourishment has come in the form of new technologies being introduced to the space, integrating novel technologies with AR/VR to deliver an immersive experience for metaverse users.

Granted, a lot of these projects will most likely not survive the next few years as the industry evolves. Nevertheless, some projects have shown the markings of promising futures and one of those is Hololoot.

Hololoot Cloud has torn down the barriers to entry for users in the metaverse space by providing a product that everyone can use no matter their skill or expertise level. For Hololoot, the metaverse isn’t just games and virtual lands but innovation at every level. Hololoot combines the innovation of the blockchain space with AR (Augmented Reality) to deliver one of the most sought-after solutions in the space.

Augmenting The Metaverse

As innovative as the metaverse has been, growing from a barely noticed industry to one worth billions of dollars, creators and developers in the space have mostly limited themselves to specific niches. None have explored much beyond Play-to-Earn (P2E) games and the clamor to own real estate in virtual reality spaces. As such, Hololoot has taken on the mission to create new spheres of the metaverse.

One way that Hololoot is doing this is through AR. Instead of going the route of VR (Virtual Reality) as so many others have done, Hololoot is using AR to integrate into the blockchain metaverse. This completely eliminates the limitations and bottlenecks of VR like the prohibitively expensive VR glasses and headgear required to get an immersive experience.

Integrating NFTs And AR

One of Hololoot’s key selling points is the ability to create AR assets and bring them into the metaverse. Users are able to add and remove digital assets permissionlessly within the app without possessing any sort of technical knowledge. Hololoot offers a no-code product in which users are free to create whatever they want.

Using Hololoot Cloud, users can quickly generate AR-enabled NFT assets within the app by uploading a 3D model to the platform. These could range from animated models to game assets. Whatever the case may be, users can quickly create AR NFTs using these 3D models and save themselves a lot of time. It’s a self-service model that is controlled by the user.

Hololoot’s users are also not subjected to any restrictions when they create their NFTs. Location and geography are no issues since location-based AR assets have already been identified as an incredible development in the space, and Hololoot provides a quick, simple, and efficient way to mint NFTs and create location-based AR assets.

Hololoot Gearing Up For The Future

Hololoot’s project has been positively received by the metaverse community. The project raised a whopping $2.75 million in its pre-sale round, which has helped expand its team to better position them for success. The project secured three launchpads – Enjinstarter, Synapse.network, and Seedify – and is in talks with various gaming projects including Nakamoto Games, Bloktopia, Age of Rust, and more. Hololoot has also partnered with Enjin for its marketplace and ScottyBeam for NFT teleportation.

The future is looking bright for the project as it continues its efforts in combining Cloud computing with AR and Machine Learning, alongside 3D animations, QA testing, and performance testing. It is expanding its team and has a marketing roadmap that rivals the best in the space.

 

BixBcoin holders can now earn 60.60% APY on their holdings on Hotbit. The digital asset which had been listed on the exchange was added to the Hotbit Investment Panel. Users who sign up for this Incentive Plan can earn high interest on their holdings for 90 days. It is one of the many earning events that BixBcoin has participated in to bring good returns to its investors.

The token is hosted on its own blockchain, BIXB blockchain, which serves as the basis of the project’s strong structure. Being hosted on its own blockchain gives the token a unique edge over thousands of tokens in the market. This makes BixBcoin one of the most promising projects in the crypto market.

BixBcoin also offers a variety of features for its users ranging from wallets, the exchange, and decentralized finance (DeFi) services. The multi-platform financial service helps to facilitate fast and safe transactions without interference or restrictions from any government.

BixBcoin Token

The BixBcoin token has been a high performer for its investors after it launched. There are a total of 3 million BIXB tokens and transactions are recorded using a distributed ledger. The token launched in 2020 at a price of $25, a low price considering the promise of the project. It didn’t take too long for the market to catch up and push the price of the token towards an all-time high of $260.

BixBcoin also provides a secure wallet for holders of the token known as ‘BIXB WALLET’, available for download on Android, Windows, Web, and Linux. It features some of the lowest transaction fees across BixBcoin wallets, exchange, and all other supported platforms.

Perks of BixBcoin

BixBcoin allows holders to earn through a variety of ways. One of these is through providing computational power for confirming transactions on the blockchain. Every miner earns up to 0.1 BixBcoin for helping to solve complicated mathematical calculations by allocating computing power to the mining pool.

In addition, investors are also able to take advantage of the Loanypto lending protocol that operates on the blockchain. Loanypto features a creative and user-friendly interface that allows for easy accessibility to the platform. With Loanypto, BixBcoin holders can secure low-interest loans. Furthermore, holders can earn up to 5% APY on their collateral, while a bump in price helps to increase the borrower’s profit.

BixBcoin tokens are also available to trade on BixBcoin’s own exchange, BIXB EXCHANGE, where they have access to USDT, BTC, and FIAT trading pairs. Also available to trade on Coinsbit and Hotbit exchanges with the same trading pairs.

Is BixBcoin Legit?

BixBcoin is listed on some of the most reputable websites in the crypto space. These websites feature a rigorous vetting process which includes the provision of evidential documents with transparent and accurate information about the team members to be reviewed by experts and auditors on each site. BixBcoin has gone through this process and has been listed on sites such as CoinMarketCap, CoinGecko, CryptoCompare, etc.

BixBcoin’s source code is also available for all to see via its GitHub repository. The open-source project has guaranteed and maintained a high level of transparency and stability since its launch.

Since BixBcoin token supply is capped at 3 million, it is a valuable asset due to this scarcity. The project has one of the lowest supplies in the market, an important criterion for valuing a crypto project, placing it among the most unique and precious digital assets.

To learn more about BixBcoin, visit https://bixbcoin.com/.

 

With a total of 4,593,284 valid tickets (which equates to more than 4.5 M ELF tokens/ $2.34M) locked on the mainnet governance system, aelf blockchain opened its globalized node election on Nov. 18th, 2021. Candidates will join the governance system equally, being selected or voted with locked tokens as tickets. The publication enabled the listing of well-prepared candidate nodes immediately. The listed candidates include blockchain heavyweights like Huobi Pool, 8BTC, bountyblok, and RockX.

So why is this important? How could the elected nodes contribute to the construction and development of aelf’s networking? In this article, we will walk you through why this event has attracted qualified candidates; how the community could benefit from democratic voting; and we will take a glimpse into aelf’s promising ecological future.

aelf Motivates Ecology Constructors with Bountiful Profits

Thanks to the aelf Economic and Governance Whitepaper, aelf mainnet is capable of locking a significant amount of assets while embracing powerful node partners by providing considerable rewards.

On one hand, there is a low threshold with high APY to become an aelf production node. aelf nodes run on cloud service centers, the costs of which are lower than the traditional physical format. Candidate nodes are required to stake 100,000 ELF tokens to participate in the election. Once elected, production nodes on aelf mainnet could receive the income with the APY at more than 95.6%. The triple features make aelf a more alluring choice for nodes in comparison to others in the market.

On the other hand, there is a very profitable incentive mechanism on aelf mainnet. ELF holders can receive a weekly Citizen Welfare by staking their token assets to vote for the candidate nodes. The Citizen Welfare scales 75% of the main chain dividend pool.

“aelf voting session is a zero barrier to entry free system, connecting voters who are looking to support quality Block Producers (BPs) while being rewarded with a percentage of the additional BP income,” said Haobo Ma, CEO of aelf.

The Constructors’ Feedback to the Network with Integrated Capabilities

Similar to the proof-of-stake (PoS) consensus, aelf deployed its own AE-styled delegated PoS consensus, where validators are voted for by the rest of the token holders on the network.

According to aelf, 17 elected BPs will participate in confirming the transactions of the network. Once elected, the BPs will then be tasked with upholding the integrity and accuracy of the network by coming to a majority consensus on data or transaction blocks that must be added to the network. Other than the pure stake of ELF tokens, BPs also invest in the network in the form of infrastructure, community support, development, and many more.

Shortly, BPs will join mainnet aelf’s inaugural Top of OASIS hackathon as judges. Later this year, they will also function as the decision-makers in the sidechain auctions and many more. The collective actions can have a real impact on the future of the gradually opening aelf ecological network.

More information will be subject to aelf team on Twitter and Telegram.

 

Cryptocurrency has captured the world’s attention after the pandemic, and notorious scammers have taken notice too. With the rising popularity of altcoins and meme tokens, there will be an upsurge of new crypto scams taking place on Telegram.

What is a Scam?

Scam, rug pull, you name it. They’re everywhere: Telegram chats, groups, fake communities. But what exactly is a rug pull? The next level.

They happen when developers create a token paired with a valuable cryptocurrency, list the token on decentralized exchanges (DEXs), and then pull out all the funds.

In simple words, a crypto rug pull occurs when the developers abandon a project after cashing out investors’ capital.

Consider the recent “Squid Game” scam where the developers created a ‘Play-to-earn’ SQUID token, drew in buyers, inflated the prices and made off with $3.38 million, according to Gizmodo.

How to spot a Rug Pull?

Though seasoned scammers create the Rug pulls, it is easy to spot them if the investor pays close attention to the following signs.

Low Liquidity

Low liquidity means it is difficult to convert the tokens to cash as the developer had limited funds to create the token. It is easier for the developer to manipulate the token’s price when the liquidity is lower. The best way to check liquidity is by looking at 24hr trading volume, which should be at least 20% to 40% of the coin’s total market cap.

Low TVL(Total Value Locked)

TVL refers to the total amount invested in a particular project and is a reliable metric to check the project’s authenticity. A legitimate project will have a few billion invested, whereas a scam project might have a few hundred dollars.

How to avoid a Rug Pull?

Here are some tips to avoid Rug pulls and exit scams

Read the Documentation

Every project should typically have a whitepaper, which provides investors with information like the concept, purpose and technology behind the project. A well-drafted whitepaper provides legitimacy and a professional outlook to the project. A poorly written or copied whitepaper is repulsive and considered a red flag.

Follow Social Media Channels

A scam token might usually have an essential, low-traffic website and social media channels that were created recently. At the same time, the most successful projects will have an active presence, investor outreach and community engagement. There will be active updates on platforms like Twitter, Telegram and Discord channels.

For Instance, CrypTalk is an encrypted messenger that verifies projects legitimacy and keeps investors in a safe place with access to KYC, charts, audits, reports, market cap, and bring exposure to valuable projects.

Using Tools

There are online tools that can detect a rug pull, like Token Sniffer and RugDoc. For a high level of scam detection, Etherscan or Binance Smart Chain explorer can help users evaluate the project’s legitimacy. However, navigating through different apps is time-consuming and information is always limited.

Closing Thoughts

With the Crypto industry growing bigger and garnering a lot of attention, rug pulls have become prevalent in DeFi and, to some extent, in NFTs. Most of these scams are well planned, marketed intensively and executed brilliantly.

By following the tips, conducting due diligence and conceptual research analysis on prospective projects, you can decrease the chances of being Rug pulled. Be an intelligent investor, not a greedy one!

 

The internet has radically changed commerce and opportunities for entrepreneurs and small and medium enterprises (SMEs) globally. The ability for smaller merchants and businesses to operate internationally has been a game-changer. However, numerous payment problems have arisen resulting from the rapidity of the change, and financial services are struggling to keep up.

Legacy infrastructure is holding back business

It is frustrating for many SMEs that they can now operate across borders, but legacy banking infrastructure often labels smaller businesses as ‘high-risk’. This can make transactions difficult, risky, slow, and expensive.

For example, a business receiving an international payment will probably use SWIFT and won’t receive the money for between one and five days, on average. There is no transparency in the process, there will be fees attached and, probably, an unfavorable exchange rate.

Then there are the risks for the merchant that arise from credit card fraud. The recent 2021 Chargeback Field report found that between 2018 and 2021, there was a 21 percent increase in criminal fraud.

There are solutions available for P2P transactions and larger companies, but SMEs have been largely excluded. As smaller businesses often operate on very tight margins, this is holding back a lot of enterprises. Fortunately, solutions have been appearing thanks to nimbler fintech companies, innovative new platforms, and the adoption of cryptocurrencies.

High-risk SMEs and cross-border transactions are on the rise

Companies are generally labelled ‘high risk’ for a couple of reasons. First, the type of industry is one of the broader and often more arbitrary ones. These can include online pharmacies, VoIP providers, and even subscription services to things like magazines.

Some industries deemed high risk are vast. The online gaming industry, for example, was worth US$37.65 billion in 2019 and is expected to be worth US$122.05 billion in 2025. Cryptocurrencies and related businesses are similarly deemed risky, yet Bitcoin alone is valued at $1.03 trillion (as of 26th November 2021).

Secondly, SMEs are frequently labeled high risk as they tend to have low sales and transaction volumes. Also, smaller companies operating outside of wealthier countries or blocks – such as the US, Canada, Japan, Australia, and the EU – are grouped into this ‘risky’ category. However, this is incredibly limiting, especially given that SMEs account for 90% of all businesses worldwide.

The internet is still expanding, and smaller merchants are suddenly able to reach global markets. Unfortunately, the legacy banking infrastructure has fallen behind in how it labels risk and penalizes SMEs making cross-border transactions. However, fintech is finding solutions, and the banks are being forced to play catchup.

Cryptocurrencies solve the main problems with traditional banking systems

Ironically, given its frequent labelling as ‘high risk’, it seems that cryptocurrency might be a solution. Fintech companies like XanPool, and its platform XanPay, have developed infrastructures that bypass legacy banking networks.

XanPool’s founder and CEO, Jeffery Liu, explains how his company’s cross-border payment solution came about. “As an entrepreneur, I am also on the lookout for problems people are having, and I then set out to try and provide a solution,” he says.

“XanPool was founded in 2019 because there was a problem onboarding and offboarding from fiat currencies to crypto. The issue was that to buy and sell crypto with local currency, you had to go through the legacy banking infrastructure with all its fees, delays, and risks. Given that Bitcoin was invented to bypass traditional systems, the situation was crazy. So, we designed a way around that.”

XanPool is essentially a market-making software that lets buyers and sellers – liquidity providers – trade crypto using various digital wallets or bank accounts. “We have cryptocurrency and a network of local currency liquidity providers that allows users to bypass traditional banking systems. This means they can also avoid the extra fees and exchange rate problems and, as transactions are instant, there aren’t days of delays and risks of chargebacks and fraud,” Liu says.

Once XanPool was up and running, Liu saw another problem that could be fixed. By leveraging XanPool’s existing cryptocurrency and liquidity pool, cross-border payments could also bypass traditional international banking infrastructure.

SMEs had been left behind, but that is changing

“We knew SMEs had been largely ignored by the banking system, with regards to making international payments. This was especially true in countries and industry sectors that established finance deemed risky. This includes most online businesses and nearly all of the Asia Pacific region countries,” Liu says.

Given that there are an estimated 213 million SMEs globally and almost 132 million of them are in the Asia Pacific region, there are a lot of enterprises being deemed ‘high risk’ and excluded from easy cross-border transactions.

“To solve this problem, we created XanPay,” Liu explains. “It’s a payment platform that every high-risk business from SMEs to eSports can use. As it works with local existing payment platforms, it is straightforward to implement and use. Furthermore, because it is built on XanPool’s infrastructure, these enterprises benefit from instant international payments with no risk of chargebacks or credit fraud. Having transactions that are 40 per cent cheaper and are instant decreases the risk that got them penalized in the first place.”

The advantage of fintech solutions like XanPay is that they were able to start with a fresh slate. Banks are struggling to adapt their systems and make them more efficient, but newer companies can start from scratch and incorporate advances like eWallets and cryptocurrency.

As more SMEs in developing countries move online, the number of businesses labeled ‘risky’ will continue to rise. Even a few years ago, this was a significant issue. Now, thankfully, there are several fintech solutions – and if the banks don’t catch up, they will be left behind.

XinFin is one of the most popular networks with millions of users connected all over the world. Its native major upgrade has gone live. XDC token ranks as the fastest-growing cryptocurrencies in the marketplace till today. With such popularity in the market, XinFin XDC Network was proudly released on 2nd December 2021. The XDC network successfully launched its delegated XDPoS consensus protocol at block number 38383838. The network thanked community members for their support to update to the current version.

Congratulations @XinFin_Official community. “Andromeda” XDPoS upgrade successfully updated at block 38383838. We thank the community for all the support.

The upgrade is the result of years of study & development by protocol scientists & Ph.D. professors. pic.twitter.com/RH3M5KZtV6

— XinFin (@XinFin_Official) December 2, 2021

Interestingly, this special update is marked as Andromeda, named after the galaxy by the community. Through this upgrade XDC network brings in unique features supportive to its users and to the community. In addition, the activation of this  incompatible protocol requests the users to agree for the Andromeda update to be a part of the XinFin XDC network.

Undoubtedly, there are few energetic and brilliant minds supporting this special upgrade to the network. The upgrade is the result of years of study & development by protocol scientists & Ph.D. professors. Including Pramod Viswanath, Gerui Wang, Fisher Yu, Jerome Wang.

Significantly, Andromeda update is planned and brought in to develop and expand the XDC network in the competitive market. Thus, let us revise all of its innovative features added to XinFin XDC Network’s Mainnet.

The special benefit of the Andromeda update is, it will support the move of Ethereum’s EVM -compatible projects to XinFin network. Through this, XinFin developers will be powered to use the code from any EVM chains without any external transformations. In addition, it includes nearly zero gas fees, 99% low consumption of energy compared to PoW networks.

Another fact is as the innovative upgrade is built upon the advanced BFT consensus protocol, it ensures the XDC network with a super power of military-grade security. Also the active performances in the network consumes low resources through the fully backward incompatible feature in terms of APIs. Thus, leading the XDC network to wave its flag high in its future evolution.

Moreover, this important  Eth_chainId feature guards the system with 100% security protecting the repetitive transaction processes. As a notable function, the military-grade security is associated with forensic monitoring which removes the detected bad nodes in the network. Thus, this increases the master node owner benefits which results in these nodes joining the Mainnet system of XDC Network.

Recently many projects started to position with XinFin XDC Network. As it gains a benefit in competing the XDC network over Ethereum network. On XDC Network, two new DEXes are about to be released, listing all the XRC20 Tokens. Currently the XinFin network holds 500+ contracts and 1 million active wallets as per the Block Explorer.

Further, after the upgrade the XinFin XDC network will continue to render its support extending the present public ledger from the XDPoS1.0 version. Along with APIs to default browsers, exchanges and wallets will be modified into a fully backward compatible network. As an additional benefit, the transaction fees will be transferred to the owner’s address instead of the coinbase or miner’s address.

Hence, this Andromeda upgrade is more transparent, increasing the trust and safety for both the network and the token. Thus, it creates a hype to choose XDC as a long term asset grabbing the entire investors community. As the crypto market is unpredictable, price fluctuations remain the same. But, through this massive update, XDC network will be empowered to be a strong competitor for Ethereum overcoming all major challenges in the industry.

XDC coin which powers the xinfin network trading at $ 0.9 with various exchanges like kucoin, bitfinex, gate.io and bittrex as per coinmarketcap data.

While cryptocurrency has attracted a significant following in the subsequent years, it continues to grow after hitting a record-breaking all-time high. Bitcoin, the most popular cryptocurrency, is valued at nearly $67,000. (Source: Forbes)

Thus, more and more people are drawn towards investing in cryptocurrency. And, what better way to do that than yield farming? Yield farming is an investment strategy to lend crypto to generate returns in the form of additional crypto. You lock your funds in a smart contract on a Blockchain app. It is a core activity of the decentralized finance (DeFi) space.

You can make high returns on Binance Coin (BNB) through yield farming dapps. Nowadays, there are many decentralised applications (Dapps) for yield farming. While many of them promise good returns, one is making waves as the best yield farming smart contract on BSC with ROI as high as 234% – it is called BNBMatrix.

Introducing BNBMatrix

BNBMatrix.io is a smart contract-based BSC platform for BNB yield farming. This dapp claims to deliver high profits on deposits as low as 0.01 BNB. The idea is to make high profits while investing a minimum amount and time.

Thus, you don’t need to have excessive BNB reserves to start yield farming on BNBMatrix. Therefore, in such a short time, it has surpassed the 30,000 BNB mark.  So, connect your decentralized wallet on BNBMatrix, deposit BNB and get ready to return a high return on investment (ROI).

Key Features of BNBMatrix

Here are a few reasons why BNBMatrix is soon to become the best yield farming dapp on BSC.

1. High ROI

Rewards on dapps often keep fluctuating due to liquidity and price action. However, BNBMatrix ensures fixed yield percentages of 7.8% to 17% on deposits. Depositors can generate a total ROI of 119% to 234%!

2. User-friendly 

BNBMatrix offers a simple and uncluttered website. The layout and intuitive design make it super easy to use and navigate. So, even if you are a newbie to yield farming, you will have no issues using BNBMatrix.

3. Safe and Secure 

BNBMatrix is very careful about the safety and security of its users. The smart contract dapp is audited by Haze Crypto. So, BNBMatrix is 100% legit with no scams and vulnerabilities.

4. 24/7 Customer Support

BNBMatrix offers round-the-clock customer support for any queries and concerns the users may have. You can reach the support staff via live chat on Telegram and social media accounts.

5. Referral Program

BNBMatrix has a referral program to allow users to generate extra income. After making a deposit, you will receive a referral link to share with friends. Once someone makes a deposit, you can earn a percentage of the deposit amount. Thus, your deposit amount increases, and you earn a higher ROI!

6. Quick Deposit and Withdrawal

BNBMatrix allows you to quickly deposit and withdraw BNB by connecting a decentralized wallet. The processing is quick and straightforward.

BNBMatrix is worth it

Most of the dapps on BSC are unsafe and filled with scammers. BNBMatrix, on the other hand, is a legit and safe platform that anyone with a supported wallet, internet access, and browser can easily access. Moreover, the amazing ROI of 119% to 234% is a game-changer in the world of yield farming.

 

Image: Pixabay

With an upcoming Ideathon for Dutch Blockchain Week, the collaboration will provide innovative IoT services with all the safety and security benefits of blockchain technology

This year has seen the near infinite applications of blockchain technology continue to positively impact the world and the thousands of businesses within it, with growth in the industry not set to pause anytime soon. Supply chain, hospitality, medical data, payment systems and more already benefit greatly from updated and decentralized systems; the blockchain devices market, in particular, is expected to grow to over $2,459 million by 2026; a CAGR of 38.5%.

The IoTeX blockchain is a leader in this field, already powering real devices, including award-winning blockchain-powered cameras from Consumer Electronic Show (CES) and the Pebble geo device, which is perfect for supply chain optimization in any industry. A multiple award-winning EVM-compatible blockchains for the Internet of Things (IoT), IoTeX was founded in 2017 and fuels the Internet of Trusted Things, as an open ecosystem where humans and machines can interact with guaranteed trust and privacy.

This week an exciting partnership was forged between IoTeX and Cartesi, a platform that integrates the world-renowned Linux and other standard programming environments to the blockchain. As “The Blockchain OS” Cartesi bridges the gap between mainstream software and blockchain, welcoming millions of new startups and their developers to a rapidly expanding industry, offering them a home for their code.

A powerful duo

This collaboration will, in the near future, see implementations of some of the first use cases with Cartesi’s pioneering technology and the IoTeX infrastructure, performing technical integrations that will enable both teams behind the partnership to address much more sophisticated IoT-oriented solutions. Cartesi and IoTex will kick off their partnership with an Ideathon during The Dutch Blockchain Week, which runs from December 6th until December 10th, 2021.

The Ideathon will invite participants to come up with a use case for the IoTeX pebble that will solve a problem or interesting challenge experienced in everyday life. Participants will ideate a Web3 use case that uses real-world data from IoTex’s Pebble Tracker and the off-chain computing resources from Cartesi; using real-time data, public datasets, and Cartesi’s Linux-based blockchain OS, they design an “if-then statement” that executes a smart contract depending on insights gleaned from the data type of choice.

Example use cases are plentiful: Weather insurance could take real-time temperature data from a Pebble Tracker which is cross-referenced against the 10-year historical average temperature within Cartesi’s off-chain compute environment, or real-time GPS data from a vehicle equipped with a Pebble Tracker could be cross-referenced against public map datasets within Cartesi’s off-chain compute environment to provide a trusted trip for millions of travelers.

Alongside a public community vote, the panel has a jury that will help in deciding on a winner.

Empowerment for developers, new possibilities for end-users of IoT devices

By bringing a Linux OS to the blockchain, Cartesi has already unlocked a rich set of possibilities for what can be developed for people and businesses in future years. With this new collaborative effort, new experiences will be created for users of IoT technology; Cartesi OS has the potential to add a layer of privacy as well as more sophisticated data ownership management to IoT, giving users the option to choose when, where, and with whom their data is shared.

With the reduction of the environmental impact of blockchain technology a hot topic this year, both teams are planning to combine their expertise to create sustainable yet impactful future solutions for decentralized IoT; Through the partnership, both projects want to bring their respective communities of developers up to speed on the potential of their combined technologies.

“IoTex is an environmentally friendly-oriented blockchain,” says Cartesi CEO Erick de Moura. “We combine their blockchain technology, expertise on IoT, and hardware devices with our Layer-2 environmentally friendly blockchain agnostic technology. The integrated framework will promote a more powerful development framework for our communities, developers, and any companies interested in building fully trusted IoT solutions.”

Those interested in the future of IoT and blockchain are invited to join the Cartesi and IoTeX teams at the upcoming virtual event. Follow Cartesi or IoTeX on Twitter to keep updated on when sign-up opens or register for Dutch Blockchain Week now to stay in the loop on other interesting talks and events.

 

The emergence of cryptocurrencies has given a lot of opportunities for people, uniting populations all over the world, helping people to create communities, to interact with each other, and at the same time to earn money.

Cryptocurrencies have been widely used and distributed around the world, acting as an alternative to the existing monetary system. Now digital assets are actively applied in all spheres of activity.

They did not bypass the gaming sphere either. Games already have large user communities, and the opportunity to earn money makes games not only interesting and exciting but also profitable.

Such a game was created by CAKEnergy.finance, providing users with not only an interesting but also a very profitable product.

POWER is the in-game currency of the platform, which brings profit to all participants. By exchanging CAKE for POWER, players get resources for their factory, increasing their daily profit. Your earnings depend only on you and on the strategy you choose.

The game economy allows players to develop their own earning strategy in order to overtake other participants and to achieve the best results. But that’s not all. There are various incentive measures that will help you to earn even more money.

For those who want to increase their income, a VIP account is provided. It gives players premium status, accelerates their achievements in the game and allows users to increase the capacity of their factories in the shortest possible time. The price of a VIP account depends on the total capacity of the factory.

To increase your income CAKEnergy.finance has created a lottery. For each of their actions, players receive additional points that are used in the lottery. Once every 6 hours, 1 winner is selected, who receives 90% of the lottery pot. The more points you have, the higher the chance of winning.

CAKEnergy.finance uses the Binance Smart Chain blockchain to ensure the greatest transparency of the game and increase user confidence in the economy of the gameplay.

The presence of a blockchain allows for full transparency in the organization of the lottery and the publication of its results. Everything is fair and transparent.

For those who want to earn more by promoting the benefits of the CAKEnergy.finance game around the world, a multi-level referral system is provided. It allows you to receive 5% – 2.5% – 0.5% from deposits of your partners

 

For CAKEnergy.finance, safety is of paramount importance. The platform of the game is absolutely safe and has passed all checks and audits.

The main project, BNBEnergy.finance has been audited by hazesecurity (https://hazecrypto.net/audit/bnbenergy) and CertiK (https://www.certik.com/projects/bnb-energy).

The team has created a game not only interesting and exciting but also profitable and honest, where everyone can earn depending on the chosen game strategy, being sure that everything on the platform is honest and transparent.

Join CAKEnergy.finance to earn money on modern technologies and use all the opportunities they offer.

Liquidity provisioning is arguably one of the most important developments in DeFi to date allowing innovators and end-users to explore new boundaries per financial instruments without the usual go-betweens. The concept of liquidity provisioning, whether inbound or outbound, has quickly established itself as the essence for the burgeoning DeFi industry’s continued growth, growing more than 1,000% since the March Covid market crash of 2020.

However, as DeFi advances into the future at full speed, challenges to liquidity provisioning (LPing) continue to grow. A siloing effect has emerged in the industry due to a lack of interoperability between the different layer 2 and layer 1 solutions and their respective applications. Meanwhile, the success of liquidity provisioning is dependent on moving in and out of trade positions to maximize earnings at the slightest cost.

Without interoperability solutions, transferring assets from different protocols on different layers becomes extremely difficult. This can ultimately discourage liquidity providers; the time and fees it takes to switch their LP position to one on another chain or layer may no longer be worth the new yield opportunity. Thus, users are unable to maximize their earnings, and the use case of liquidity provisioning falls short.

Instrumental Finance presents a new solution that attempts to alleviate these interoperability problems for liquidity providers and the larger DeFi ecosystem. Instrumental is a chain and layer-agnostic solution directing LP positions through various L1 and L2 scaling solutions. Its solution is able to help facilitate asset transfers, swaps, and the creation and support of complex LP strategies for its users. By doing so, Instrumental can help liquidity providers access new yield opportunities that currently are not available to them.

Incubated by Composable Labs, the incubation arm of Composable Finance, Instrumental is taking advantage of the software development kit (SDK) and cross-layer asset swapping Mosaic tool from Composable Finance. This allows Instrumental to power the Instrumental Vault, their main feature that helps users optimize their LP yield across different L2s and L1.

Instrumental will also benefit from L2 and L1 solutions already linked to Composable’s Mosaic tool, such as Arbitrum, Polygon, the Avalanche C-Chain, and Moonriver. This strategic relationship with Composable will help Instrumental enable and deliver yield opportunities to an even broader community of users.

Instrumental’s strategy addresses the barriers to LPing head-on in order to optimize yield for its users. It solves interoperability issues by bridging between chains and layers, setting the stage for Instrumental to essentially become a money lego. This allows for future applications to build off of this foundation and benefit from Instrumental’s innovations.

Other solutions in the industry currently unmatch this approach to solving the problems that plague liquidity provisioning. Instrumental’s innovative solution puts it in a position to lead DeFi into the future of decentralized liquidity providing,  allowing the industry to continue to grow in the right direction.