Building a Decentralized and Uncensorable Internet — The Nexus Protocol

Building a Decentralized and Uncensorable Internet — The Nexus Protocol

PRESS RELEASE. On December 21st, 2020, the Nexus Protocol white paper was released. The new internet will be driven by a blockchain-based operating system (LX-OS) and communications protocol (Nexus Protocol), that will be connected by a distributed satellite-based mesh network. The white paper contains technical specifications and mathematical models that showcase and prove the viability, value proposition, and practicality of this novel architectural framework.

Network Architecture

Web 3.0 or Decentralized Web (DWeb), has been coined as the next evolution of the internet, with the promise of emancipating digital communication by reducing users’ reliance on a select few companies and technologies, to ultimately diminish the dominance of conglomerates. The Nexus Protocol takes this a step further, by decentralizing and democratizing the network infrastructure hardware and software. A network consisting of tokenized micro-satellites, ground stations, and phased array antennas form the backbone of the infrastructure, which will provide an alternative to centralized Internet Service Providers (ISPs).

Tokenized Micro-satellite Constellations will provide the opportunity for individuals to own part of the internet’s physical infrastructure, build equity, and participate in decentralized governance. Micro-satellites will operate in many Low Earth Orbit (LEO) constellations to provide low latency and open access to the Nexus Protocol globally. The white paper indicates that future documentation will provide further specifications, including the minimum number of satellites required to form an initial network and constellation simulations. An additional satellite value proposition is the inclusion of the upcoming Nexus LLD filesystem that will allow individuals to negotiate hosting contracts between entities, and generate direct Return On Investment (ROI) from the available flash memory. Below is a summary of the design:

  • Each constellation is represented by a unique set of fungible tokens created on Nexus.
  • Ownership and optional voting rights are maintained by equity represented by these tokens.
  • Revenue generated from the constellation is automatically dispersed to the owners by token rewards.
  • Direct economic benefits are provided to entities that deploy satellites, similar to how mining incentivizes the building of a blockchain.
  • Micro-satellites will provide reputation-based network services to supplement the routing system between ground stations and their aggregated clients.

Ground Stations will operate in a cell-like topology, performing most of the heavy network processing and supplying localized content, edge computing, and routing services. Whilst phased array antennas will be utilized to maintain the link to the micro-satellites in LEO. This type of antenna is electrically steered and can realize high gains and mobility, thus it has been chosen for sustained two-way communication between the satellites and ground stations. In terms of end-user access, there are two standards currently being considered: Wi-Fi local hot-spots and cellular LTE technology.

The ground infrastructure will provide content delivery services to local networks, creating the opportunity for ground station operators to generate ROI. Operators will be able to offer geo-spatial cache services, in order to supply a range of content delivery speeds to their local customers.

Frequency allocation is crucial to ensuring the Nexus Protocol meets the goal of a free and open protocol, remaining unrestricted and unowned by any single party. To achieve this, it will use the 5.8 GHz Industrial, Scientific and Medical (ISM) band that does not require licensing or have limits on antenna gains. The white paper also contains a mathematical proof modelling link viability within the chosen ISM band’s restrictions.

Operating System

LX-OS, a Nexus Operating System (OS) specifically designed for the Nexus Protocol, is currently under development to fortify hardware abstractions, security requirements and reduce overall risk to embedded devices, micro-satellites, and consumer grade hardware. These security qualities are enforced by leveraging the Nexus blockchain for user authentication and information verification. The LX-OS will initially be marketed for micro-satellites and IoT devices, as each is widely known for vulnerabilities. These industries can benefit significantly from the enhanced protection and dynamic management capabilities.

Game Theory

The infrastructure components are elegantly woven together with an economic model designed to nurture the numerous revenue streams, in order to ultimately provide humanity with free access to internet services globally whilst creating universal economic opportunities. This is reinforced with mathematical models that resist monopolization by de-monetizing predatory behaviors, thus increasing incentives to cooperatives.

A New Internet

The Nexus Protocol integrates into the TAO framework, a seven layer software stack that enables the simplified implementation of smart contracts, DApps, tokens, and assets (NFT’s) through a set of Application Programming Interfaces (APIs).

In keeping with true open source crypto values, to preserve the white paper as an open specification, it was time stamped and recorded on the Nexus blockchain under asset name US:NP-WP. It is publicly available through the Nexus API.

Nexus.io is a community driven project with the common vision of a world inspired by innovation and responsible values, expansive technology, and the fundamental quality of connection being ubiquitous, free, and available to everyone.

Media Contact: Ambassador@nexus.io

 


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Omni II Launched, 2021 Events Planned for Interested Investors

Omni II Launched, 2021 Events Planned for Interested Investors

PRESS RELEASE. Omni Futures LLC has received significant interest since its recent founding and is starting series A funding from additional investors for a new project, Omni II, to develop additional infrastructure in cryptocurrency mining. According to Ali Farhat, Managing Director of Omni Futures, “Overwhelming interest in a new proprietary mining technology has shown demand for a build-out of our infrastructure.”

To develop Omni II for anticipated launch during calendar year 2021, an investor roadshow is being planned, with stops in New York, Miami, Las Vegas, Los Angeles, and the Virgin Islands. Those interested in attending roadshow events are directed to contact Ana Smith, ​ana@omni-futures.com​, to express their interest and prove their ability to meet capital contributions for Omni II.

For more information about Omni Futures LLC, please visit ​- Omni-futures.com

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Pre-Register Now on Aladdin Exchange to Receive 100 TNC Coins

Pre-Register Now on Aladdin Exchange to Receive 100 TNC Coins

PRESS RELEASE. UAE-based crypto exchange Aladdin opens its platform for pre-registered users. This digital asset exchange is the newest one in the cryptocurrency market.

As part of its pre-launching event, the Aladdin Exchange team invites everyone to pre-register and refer people to join the crypto exchange before its official launching. By doing the pre-registration and referral, users can get instant TNC Coins!

Aladdin Exchange Overview

Based in the UAE, Aladdin Exchange aims to cater to cryptocurrency users and traders all over the world. The overall exchange operations are led by the TNC IT Group. Within the platform, a convenient and transparent marketplace for cross-border crypto trading is made available.

Aladdin Exchange ensures a reliable market price for buying and selling crypto assets. Moreover, the exchange is expertly engineered with a security system of the highest standard to protect trader’s digital assets and secure transactions.

In line with this, it aims to provide the best digital asset exchange experience to all its users by creating an ecosystem supported by the best blockchain infrastructure and the leading exchange technologies.

Pre-Registration Event

From December 31, 2020, users are welcomed to join the Aladdin Exchange pre-launch event. By completing the pre-registration, users can receive 100 TNC. These crypto rewards are given to pre-registered users only on a one-time basis.

Just visit the official website to join the pre-registration event and sign up for your account. After sign up, you can log in to your account and start inviting your friends to pre-register as well.

Invite Friends Event

Invite your friends to join the Aladdin Exchange and receive more TNC Coins. By sharing the referral code displayed on the ‘My Dashboard’ page, you can earn 20 TNC for every successful referral.

There are no referral limits. Thus, you can invite as many friends as you can and help in building the Aladdin Exchange community.

TNC Coin Trading

After Aladdin Exchange officially opens, pre-registered users can start using their earned TNC Coins. During the pre-launch event, all TNC rewards are temporarily locked. By the time the exchange starts its full service, pre-registered users can complete the KYC verification to unlock their TNC. Once unlocked, they can sell or trade TNC with other cryptocurrencies.

Do not miss the opportunity of supporting the Aladdin Exchange in its early stage! Pre-register and invite friends to earn many TNC Coins. More perks and advantages are in store for pre-registered users once the crypto exchange is finally up and running.

Media contact: social@aladdin25.com


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bityard Launched Copy Trading System to Benefit Both Copiers and Traders

PRESS RELEASE. Bityard recently launched the copy trading system for CFD (contract for difference) trading, allowing users to copy trading activities from advanced traders, which greatly reduces the difficulty of crypto investment for beginners. Via Bityard copy trading system, beginners can learn how to trade correctly from the experts, and traders who get copied and followed can receive extra profits from each successful trade while getting copied. Right now, Bityard copy trading service is available on different devices including mobiles and PCs.

Cryptocurrencies are different than many types of asset since the prices are much more unstable, which makes it much harder for junior investors to establish proper investing strategies for crypto CFD trading. The invention of copy trading system of trading service providers makes it much more convenient for investors to copy other traders since the copy trading process can be completed on one place online. Investors don’t need to go to different online groups for signals then trade somewhere else anymore. Bityard, a fast-growing crypto exchange, also has developed a professional copy trading system which will greatly benefit both copiers and signal providers (or, advanced traders).

On Bityard, when a user wants to copy a trader, the user only needs to find one among all the traders with good performance, and complete the trading setting to start copying. The process is pretty simple and easy. Bityard copy trading system allows users to flexibly manage the position settings, which includes their position margins. A copier can increase the position margin when the copier has confidence in a trader, and can also limit it to avoid huge losses due to possible forcedly closed positions.

There is a great number of top traders on Bityard. These traders all have been approved by Bityard so that the users can copy them without worries. All traders must complete a series of strict verification processes on Bityard before they get copied by other users. Once Bityard makes sure a trader is qualified enough, the trader will become “listed”, and the performance data of the trader will become visible to all Bityard users. Those data include profit rate, win rate, P/L ratio which shows the overall trading performance of the listed traders on Bityard.

Also, Bityard users can find different types of traders on Bityard via the trader tag function. Those tags are related to trading styles of the traders including “short term”, “aggressive”, “mainstream” and so on.

Bityard copy trading system doesn’t only benefit copiers. For listed traders, the copy trading system also brings them extra incomes. Any listed trader will get at least 8% commission from the profits of each successful trade while getting copied.

In addition, Bityard has brought more social features to its copy trading system. A listed trader on Bityard has their own personal homepage, where the trader can leave short self-introduction on the page. This will help other users to know more about the trader.

Bityard copy trading system has easy-to-understand user interface design with sophisticated functions, which makes trading much easier for copiers and crypto beginners. The system was developed with the service concept “Complex Contract, Simple Trade” by Bityard in order to bring more convenience and simplicity to users.

Media contact: bd@bityard.com


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

T-Systems and Validation Capital Partner With Flow Blockchain

T-Systems and Validation Capital Partner With Flow Blockchain

PRESS RELEASE. January 13, 2021 – T-Systems MMS, a subsidiary of the largest telecommunications provider in Europe, Deutsche Telekom, announces today a partnership with Flow blockchain developed by Dapper Labs, the company behind CryptoKitties and NBA Top Shot. T-Systems’ flagship deployment on Flow will be the operation of an Execution Node. Validation Capital was involved in this partnership as strategic advisor.

As part of the partnership, T-Systems MMS will run an Execution Node, significantly contributing to the Flow blockchain’s computational resources as a result. This is because Execution Nodes are responsible for both the processing of new blocks and their consequent storage. These tasks are by far the most computation-intensive, and as such can only be performed with reliable and trusted infrastructure, which T-Systems provides.

Flow is a user-centric blockchain built for mainstream adoption, with an aim of bringing blockchain-enabled consumer applications to billions of people. Flow is the only layer one blockchain built by a team that both understands the importance of reducing complexity for ecosystem developers and possesses proven expertise in eliminating on-boarding friction for mainstream users. Trusted by leading companies like Ubisoft and Warner Music Group, Flow is set to introduce blockchain technology to global audiences through partnerships with mainstream brands such as Dr. Seuss, the UFC, and the NBA.

The details of the partnership include:

  • T-Systems MMS will provide reliable and secure infrastructure necessary for Flow to scale and respond to any current and future needs of both Flow’s developers and users.
  • T-Systems MMS will operate one of the Flow network’s Execution Nodes, responsible for the execution and consequent storage of newly-created blocks, thereby ensuring the decentralized network’s ongoing operation.

“At Dapper Labs, we believe that a seamless and efficient user experience is paramount to adoption. Our partnership with T-Systems is key to delivering on our ambitions to reach a global, general audience,” says Roham Gharegozlou, CEO at Dapper Labs.

“True digital ownership, direct fanbase engagement and rich ecosystem composability, which the Flow blockchain brings to the table, not only allows for the creation of new business models but represents a fundamental shift in existing ones. Through our partnership with Flow we are expanding our portfolio of blockchain infrastructure and staking services. We are excited about the NFT space and will be working to support the vision of public blockchains as the basis for the open world and its numerous use-cases on Flow,” says Dr. Andreas Dittrich, Head of Blockchain Solutions Center of T-Systems MMS.

T-Systems MMS’ foothold in Europe allows it to become a go-to service provider in the European market for blockchain-related implementations and pilot programs. With expertise in the areas of connectivity, digitalization, cloud & IT infrastructure, and digital security, the company positions itself as a disruptor in sectors still widely untouched by blockchain.

T-Systems MMS’ Blockchain Solution Center is a team of experienced developers, architects and consultants in the blockchain field with an established position in the IT industry and a wide array of customers looking to stay on the edge of technological progress.

If as a FLOW token holder you would like to stake to the professional Execution Node infrastructure of T-Systems, you can do so via delegating to the following node ID: 2b396b7fab0102f104a2af7e095b145cc14da28f863564802e158afc3e07e638
Note: Double-check the node ID before delegating!

“Flow is the most important innovation to-date towards mainstream adoption of digital collectibles and has grown an unparalleled ecosystem of developers and content creators building the future of apps and gaming.” – Michael Horowitz, CEO of Validation Capital.

About Dapper Labs

Dapper Labs is the company behind CryptoKitties and the Flow blockchain as well as upcoming titles like NBA Top Shot. Founded in 2018, Dapper Labs uses blockchain technology to bring new forms of digital engagement to fans around the world. Blockchain-enabled applications can bring fans closer with the brands they love, give people a real stake in the communities they contribute to, and create new ways for consumers to become creators themselves. Publicly announced Dapper Labs partners include the NBA and NBPA, Warner Music Group, Ubisoft, and UFC. Notable investors in Dapper Labs include Andreessen Horowitz, Union Square Ventures, Venrock, Google Ventures, Samsung, and the founders of Dreamworks, Reddit, Coinbase, Zynga, and AngelList, among others.

About T-Systems Multimedia Solutions

T-Systems Multimedia Solutions facilitates the digital transformation of large corporations and medium-sized companies. With an annual 2019 turnover of €176 million, it enables its customers to develop new digital business models for Industrial IoT, Customer Experience, New Work and Digital Reliability. Leveraging its consulting and technical expertise with some 2100 employees at seven locations, the digital service provider also offers dynamic web and application management. As market leader it offers a certified test laboratory for the internet and multimedia industry, delivering the highest standards of software quality, accessibility and IT security.

For further information: www.t-systems-mms.com

 

About Validation Capital

Validation Capital (“VCC”) is an infrastructure and investment firm for proof-of-stake & next-generation blockchain networks. VCC provides secure node infrastructure, investment capital, and advisory to industry leading networks including Chainlink, VeChain and Crypto.com, among others. VCC’s team brings crypto expertise from Stratx Consulting Inc., with a blend of Wall Street and engineering talent. VCC’s finance team has more than 25 years of capital markets and investing experience from firms including CIBC, BMO, and Moelis. The engineering team brings enterprise best practices in cybersecurity and network architecture from Deloitte.

Company contact:

Lisa Gräf
T-Systems Multimedia Solutions
Presse- und Öffentlichkeitsarbeit
+49351 2820 5366
lisa.graef@t-systems.com

 

Press contact:

Nanna-Josephine Roloff & Julia della Peruta
Oseon

+49 040 – 22 81 700 13 / +49 069 – 348 69 09 12

tsmms@oseon.com

 


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SV-Based Taraxa Revolutionizes Legacy Data Auditing With Mathematically Provable Audit Trails

SV-Based Taraxa Revolutionizes Legacy Data Auditing With Mathematically Provable Audit Trails

PRESS RELEASE. Santa-Clara, CA – Taraxa’s newly released testnet was just put to use for a process auditing platform that minimizes operational friction in multi-party business processes. The Silicon Valley-based blockchain startup is building auditing solutions that infuse database-integrated systems with transparency and credibility by using data anchoring and cryptographic proofs to mathematically verify the origin and integrity of operational transactions.

Cryptographically secured infrastructure and the flagship application

Taraxa takes operational auditing to the next level with its cryptographically-secured audit log, finally solving the problem of capturing unstructured operational data with the highest level of integrity. The purpose-built infrastructure gives legacy enterprise platforms an unbeatable advantage of transparency and verifiability that automatically captures critical business ops data to prove the integrity of organizational planning, execution, and assessment.

Taraxa offers a slew of innovative solutions for a wide range of industry verticals:

  • Independent audit trails and chain of custody of all operations: automatic and tamper-proof audit trails guarantee complete process transparency and make process auditing a breeze via clear and systematic cryptographic proofs.
  • Enterprise-ready DLT deployment: one-click deployment compatible with legacy systems and other dApps.
  • The secure machine states: secures data at the source through an immutable data anchoring hardware endpoint to ensure the integrity of critical network infrastructure and revenue-generating assets.

More enterprise-grade applications to come

All applications built on top of Taraxa specifically address data visibility by implanting trust-verifying mechanisms to the backbone of operational transactions. Marinate is the first platform built by the team to make it easier to track multi-party processes and everyday agreements by anchoring operational transactions to the Taraxa public ledger.

With the public testnet and the first app that uses Taraxa’s audit trails already live, CEO Steven Pu offers a look into the company’s future: ‘The technologies we’re building can help drive positive and measurable business efficiencies from day one without re-implementing existing digital enterprise infrastructure’.

 

Media inquiries: info@taraxa.io

Partnership inquiries: partnerships@taraxa.io

About Taraxa: https://www.taraxa.io

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

IOST in the First Batch of Blockchains to Support HUSD Stablecoin

IOST in the First Batch to Support HUSD Stablecoin

PRESS RELEASE. IOST, an enterprise-grade, decentralized, and ultra-fast network oiled with the Proof-of Believability consensus algorithm, is integrating the HUSD stablecoin, according to an announcement on 13 Jan 2021.

HUSD is a safe and secure dollar-pegged stablecoin issued by Stable Universal Limited. Notably, IOST is the first batch of Public Blockchains to support HUSD. To celebrate this milestone, the two companies are giving away 35k HUSD exclusively for IOST users.

The announcement highlights HUSD’s integration as a significant milestone for IOST to build its growing influence in the DeFi scene.

About HUSD Stablecoin

Issued by fintech company Stable Universal, HUSD is a safe and secure stablecoin pegged 1:1 to the U.S. dollar. Combining the stability of the U.S. dollar with the efficiency of blockchain technology, HUSD offers IOST users access to a safe, secure, and convenient asset for remittance, commerce, payments, trading, and many other use cases.

The integration of HUSD on the IOST blockchain is at its last stage of completion. Once completed, IOST users will be able to deposit U.S. dollars in their account and receive HUSD at a 1:1 ratio sent to their preferred crypto wallets.

Terry Wang, CTO & Co-founder of IOST highlights:

“Stablecoin is a key to unlock a plethora of opportunities in DeFi- IOST’s area of focus & growth in 2020 & the upcoming 2021. IOST’s innovative & developer-friendly technology which enables high scalability, fast transaction speed and zero transaction fees make it a perfect choice for both DeFi developers and users. We are thrilled to explore the unlimited opportunities that arisen from this collaboration with partnership and to continue making IOST a home for DeFi”

Frank Zhang, CEO of Stable Universal, said:

“It is a great start to the new year to announce that HUSD will be soon be supported in the IOST ecosystem, as greater cross-chain interoperability means better accessibility for users across a wide array of platforms and protocol, designed to meet their trading needs. We look forward to seeing more developers and communities as they continue to explore the use cases for stablecoin and blockchain technology at large.”

HUSD stablecoin will play significant roles in IOST’s DeFi use cases as a payment token, a store of value, and a bridge between fiat currencies and cryptocurrencies. HUSD will also help minimize the price volatility often associated with cryptocurrency trading, allow individual users and institutional investors to easily build and transact on IOST blockchain, as well as take part in new liquidity pools for future decentralized exchanges on IOST.

IOST- The Next Home for DeFi

For DeFi dApps to satisfactorily compete with traditional applications, the underlying network must be fast, meshing perfectly with the objective of the dApp launchers. In the mid of the competition, IOST — an enterprise-grade, decentralized, and ultra-fast network oiled with the Proof-of Believability consensus algorithm is building a robust portfolio by offering developer-friendly features and environments.

The IOST platform emerged as a response to the scalability problem which it aims to tackle once and for all. To that effect, it implements an array of technologies, including the Proof-of-Believability algorithm, and high-performance virtual machine technology, all of which are supposed to offer higher TPS rates of up to 8000 transactions per second.

As early as the beginning of 2019, IOST has started to lay out a holistic DeFi ecosystem and continued to make inroads in the budding DeFi space with multiple strategic partnerships and emerging on-chain projects from stable coins, decentralized exchanges, cross-chain transactions, lending, financial derivatives, forecasts, and more.

IOST offers developer-friendly features that improve product development efficiency. No congestion and no high gas fees as seen in Ethereum, the reason many developers choose to launch DeFi projects on IOST. A zero transaction fee also guarantees users the convenience and accessibility of using DeFi applications on the IOST chain.

IOST has also embarked on multiple partnerships and recently launched a $1 million DeFi fund for the development of the DeFi ecosystem.

To learn more about IOST, visit the website and Medium page for more information on the blockchain project.

About HUSD

HUSD is issued by Stable Universal and pegged 1:1 to the U.S. Dollar. Each HUSD issued is backed by a corresponding U.S. dollar held in a U.S. trust company. An independent U.S audit firm conducts monthly attestations of the HUSD Token, and the attestation report is available for public viewing on stcoins.com. Stable Universal is dedicated to making HUSD stable, secure, and safe for our customers.

About IOST

Supported by Sequoia, Matrix, ZhenFund, and other major investors, IOST is an enterprise-level blockchain platform developed for online service providers.

The IOST project team is currently mainly composed of R&D personnel focusing on blockchain distributed technology. The team is formed by blockchain industry experts who have graduated from world top universities such as Princeton, Stanford, MIT, Tsinghua University, and Beijing University and have more than three years of blockchain-related research experience.

With a two-year-old mainnet, IOST has swiftly risen to become a world-leading public chain renowned for its numerous government collaborations and enterprise partnerships around the world. IOST is one of the Big Four public chains with a rich user base and real applicability alongside Ethereum, EOS, and TRON. 500,000 community members, over 20 countries worldwide, over 400 nodes, top staking economy, and growing.

If you would like to hang out with the IOST community on chat, social media, or to discuss product development, there is something for everyone:

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

xSigma DeFi Offers Lucrative Rewards for Liquidity Providers, Whitepaper Released

xSigma DeFi Offers Lucrative Rewards for Liquidity Providers

xSigma is an upcoming stablecoin DEX protocol developed by the first DeFi project backed by a NASDAQ-listed company. In order to attract liquidity providers to supply their stablecoins to the decentralized exchange, the protocol will feature a lucrative rewards system for liquidity mining. The project recently finalized its smart contract and today released its whitepaper to the public.

Provide Stablecoins, Earn SIG Tokens

DeFi investors have earned some great yields recently, but also fallen victim to scammers, hackers and just awful programmers. For this reason it is good to find a project you can trust with your digital assets before you make the leap. And you can’t find a project more focused on minimizing these risks for liquidity providers than xSigma DeFi. This is a DEX protocol developed by a team full of top-notch software developers and a lab backed by a NASDAQ-listed company.

One of the main goals of xSigma is to make the process as safe, user-friendly and profitable for liquidity providers as possible. All that liquidity providers have to do is to supply stablecoins, which they can withdraw back at any time, and the system will take care of the rest and earn them SIG tokens while they seat back. One might think of it as an “Uber for market-makers,” where instead of every investor working for himself, the technology aggregates the best returns.

Recently xSigma also introduced an enhanced rewards system for early adopters where liquidity providers can expect to earn extra lucrative incentives for the first couple of weeks at the protocol’s launch. Up to twice the rewards for the first week. The developers also work to keep the rewards coming, using a scalable system to incentivize ongoing stablecoin farming. All liquidity providers additionally benefit from better exchange fees on the decentralized exchange.

xSigma Whitepaper Released Today

As mentioned above, xSigma is the first DeFi project backed by a NASDAQ-listed company. The lab is a wholly-owned subsidiary of ZK International Group Co., Ltd. (Nasdaq: ZKIN), a major China-based company that is focused on supplying advanced steel piping. The impressive xSigma team also includes world-class developers with previous experience working for Google, Facebook, Ripple Labs, 1inch and other technology companies.

Each one of these factors would make it stand out from the crowd of DeFi projects by its own right, but having both an incredible backing and an impressive team make xSigma truly remarkable. The SIG token powering the system also has great fundamental factors supporting its value.

The supply of tokens will be tightly controlled, with most of it going to liquidity providers, and SIG will be burned with exchange fees. This will both reduce the supply and, at the same time, increase the demand as more users will need to get SIG to use the platform. Holding SIG will also be needed to vote in the xSigma DAO, which will control future token issuance, thus putting the power of limiting supply mostly in the hands of liquidity providers. Additionally, the xSigma is being marketed very professionally and transparently in contrast to most of the DeFi projects out there which is use to attract more prudent investors.

The xSigma team is hard at work developing the protocol and new developments are happening at a constant pace. December 29, 2020 the team announced the completion of the smart contract which was sent to extensive technology software audits to ensure the safety of funds and integrity of the system. And today, January 12, 2021, the xSigma whitepaper was released. The 17-pages document provides a straightforward introduction to the protocol and what makes xSigma superior to existing DeFi protocols.

To keep up to date to future developments with xSigma, its new DeFi protocol and the lucrative rewards system for liquidity providers visit the lab’s website at xSigma.com anf the project at xsigma.fi. For more join the community on Discord, Twitter and Telegram.


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Stacks 2.0 Advances Bitcoin Into the Age of DeFi and Creates a New Way to Earn BTC

Stacks 2.0 Advances Bitcoin Into the Age of DeFi and Creates a New Way to Earn BTC

Stacks 2.0 is set to revolutionize the internet itself by empowering a decentralized and user-owned ecosystem built on top of the most secure blockchain in the world. This will be achieved by bringing apps and smart contracts anchored to bitcoin. The innovation will also create a brand new way for users to earn BTC, without the need to buy mining infrastructure or trust buggy DeFi protocols.

Smart Contracts, Decentralized Apps and Staking on BTC

When the internet was still young, visionaries described how it could bring about a future of endless possibilities, free exploration, uncensored communication and unconstrained creation. Instead, what is left today is constant surveillance and a handful of giant corporations extracting all the profits they can from selling your private data. Luckily, there is big change on the horizon.

Bitcoin has the potential to free humanity from the shackles of centralized banking systems and in many places, corruption. By virtue of its decentralized nature, the elimination of the need for a trusted 3rd party, and by being a provable and reliable store of value, it is already revolutionizing money. Now it can do the same for the internet.

Stacks 2.0 will reinvent the internet by enabling a whole new ecosystem of services and applications where the users own their personal data and everything is secured by bitcoin.

In straightforward technological terms, Stacks 2.0 is a layer-1 blockchain that uses the BTC blockchain as a base-layer. Proof-of-Transfer allows for consensus between two blockchains, Bitcoin and Stacks, creating a native connection that allows for innovation on Bitcoin without ever modifying it. Along with Stacks 2.0 also comes a new programming language called Clarity which gives developers a safe way to build complex smart contracts where the code itself clearly shows what the program will do when run (hence the name).

Stacks 2.0 Advances Bitcoin Into the Age of DeFi and Creates a New Way to Earn BTC

 

Stacks 2.0 Creates a Brand New Way to Earn BTC

Beyond these important technological innovations, Stacks 2.0 will allow users to earn BTC in a brand new way that is currently missing from the scene. For the first time ever you can lock up one asset (STX) and earn rewards from the protocol in a reserve currency (BTC). This is called ‘Stacking’ and is a key aspect of the aforementioned ‘Proof-of-Transfer consensus mechanism. Stackers support consensus on the blockchain by locking or delegating their STX and are rewarded each cycle with BTC payouts.

Currently, DeFi users are forced to stake all kinds of tokens and usually earn the same token in kind, which they then usually convert to BTC for safe keeping. Stacks 2.0 will enable STX holders to directly earn the most valuable and sought after cryptocurrency in the world, without the extra hassle. Additionally, there is no need to trust any shady projects with buggy code that the current DeFi landscape is sadly full of.

STX were initially distributed to the public through the first-ever SEC-qualified token offering in U.S. history and the project recently released a legal memo outlining how STX can exit securities status and become tradable on US exchanges. In fact, OKCoin has committed to listing STX in the US upon the Stacks 2.0 launch.

Stacks 2.0 is based on the success of Blockstack that raised over $75 million from equity investments and token offerings for the Stacks 1.0 ecosystem which currently includes over 400 apps. The new mainnet launch is expected on January 14, 2021. To learn more about the upcoming Stacks 2.0 launch visit the project’s website and make sure to register to secure your spot for the event.


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Bitcoin.com Exchange Announces Public Sale of the IDEA Token on January 26, 2021

Bitcoin.com Exchange Announces Public Sale of the IDEA Token on January 26, 2021

PRESS RELEASE. January 12, 2021 Bitcoin.com Exchange, one of the leading authorities in cryptocurrency exchanges announces the details of the upcoming public sale of the Ideaology Token (IDEA).

Ideaology consists of a freelance platform which will accommodate most of the personnel needed to develop projects. The platform’s mission is to provide a host of freelancers and entrepreneurs with job options, a digital marketplace allowing platform users to sell or buy digital assets and services, as well as:

  • Share materials and experiences.
  • An Idea launchpad.
  • A collection of innovative and inventive individuals, to establish a creative colony for introducing and launching revolutionary ideas.
  • A funding base of individuals and enterprises interested in supporting new projects, whether through direct partnerships, or through crowdfunding options available on the platform.

Ideaology is creating a unique collaborative digital community and a fertile environment for the future of business development.

Prospective purchasers of the Ideaology Token can already register and proceed with KYC/AML procedures, using the registration page set up on the Bitcoin.com Exchange IEO platform here.

Details of the Upcoming Public Sale

  • Token Name: Ideaology Token (IDEA)
  • Token Type: ERC-20
  • Public Sale Date: January 26, 2021
  • Offered Price for 1 IDEA: $0.09
  • Hard Cap: $1,000,000 (1M)
  • Circulating Supply before the public sale: 15,388,888
  • Valuation of the Circulating Supply before the public sale, based on the Offered Price for 1 IDEA: $1,384,999

For more information, please visit the Bitcoin.com IEO platform here.

With the upcoming IEO, Ideaology and Bitcoin.com Exchange will coordinate educational and mass awareness campaigns via AMAs, direct interviews, guides, media casts and all other applicable means or direct, and indirect marketing.

“Our IEO partnership with Bitcoin.com Exchange is a stepping stone for us to attain greater achievements” said, Khaled Alkalbani, CEO and Co-founder at Ideaology. “We are keen to reach a more diverse community of crypto traders, and that is what Bitcoin.com Exchange provides Ideaology. The IDEA coin will be the catalyst for crypto investors to support the next big startup. IDEA will not only be another crypto asset, but will also fuel a synergistic ecosystem to bring online freelancers and startup founders through our Active IDEA platform.” Alkalbani emphasized.

“The upcoming launch of Ideaology Token’s public sale has got the team and I ecstatic” said Danish Chaudhry, CEO of Bitcoin.com Exchange. “With the launch of the IEO platform, our team will supply interested parties the ability to push marketing efforts further, giving them the edge over other traders who would want to purchase the IDEA token right when the public sale begins by passing KYC before the launch date.” Chaudhry continues on by saying, “Our platform provides all the necessary details and information needed for our, and Ideaology’s community to understand more about the IDEA token.”

Be Part of the Progress

Bitcoin.com Exchange has initiated the process by opening a portal where users will be able to go through KYC/AML verification before the token sale to take place at the end of January. Kindly click the link below to start your journey with Ideaology’s public sale, and pass through all the necessary requirements to get your account ready for the IEO.

Sign up to Bitcoin.com Exchange here.

What Is a Public Sale/IEO?

In brief, an Initial Exchange Offering, commonly referred to as an IEO, is a fundraising event that is administered by an exchange. In contrast to an Initial Coin Offering (ICO) where the project team themselves conduct the fundraising, an Initial Exchange Offering means that the fundraising will be conducted on a well-known exchange’s fundraising platform.

About Bitcoin.com Exchange

The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, our exchange has been visited by more than 500K active traders per month, and this number continues to grow as you read this sentence.

About Ideaology

Ideaology is a Dubai-based blockchain-oriented company building a digital ecosystem – Active IDEA – which will harbor a community of professionals and enterprises collaborating, investing, and growing together. The Active IDEA platform connects all the likely associates of a successful business endeavor, including innovators, freelance professionals, advisors, and investors. The ecosystem is built on blockchain technology enabling it to conduct an efficient and decentralized economy based on the Ideaology (IDEA) token.

Media Contact Info

Bitcoin.com Exchange

Contact Name: Antonio Bileci

Contact Email: antonio@bitcoin.com

 

Ideaology

Contact Name: Mac Ocampo

Contact Email: info@ideaology.io

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Emerging DeFi Platform YFDAI Finance Launches SafeSwap and Launchpad, More Products to Follow

Emerging DeFi Platform YFDAI Finance Launches SafeSwap and Launchpad, More Products to Follow

PRESS RELEASE. YFDAI Finance, a prominent decentralized finance (DeFi) project has recently announced the launch of two prominent products as it works towards strengthening its position in the sector. These products include SafeSwap – a DEX (decentralized exchange) platform for the YFDAI Finance ecosystem and Launchpad – a crypto startup advisory and incubation program.

The SafeSwap DEX offers an open, transparent place for crypto projects to list their tokens and make them accessible to the global crypto community. SafeSwap is built on a fork of Uniswap, a tried and tested exchange protocol for trustless swap of ERC20 tokens, and is further reinforced by the creation and implementation of strict project evaluation and listing criteria. Apart from offering a place for swapping and trading popular cryptocurrencies, SafeSwap’s operations are designed to work in tandem with various other YFDAI Finance products and services including the newly launched YFDAI Launchpad.

The YFDAI Launchpad is an incubator program devised to help crypto project ideas and startups realize their goals. Startups selected to be on the platform will receive guidance and development services from YFDAI’s team of experts as well as other partner organizations, which includes the likes of Foundry Incubator, Ferrum Network and Blockchain Consilium.

The platform also provides projects that are part of the Launchpad program with support for crowd-based fundraising through its partnership with DuckDAO decentralized fundraisers, as well as locked smart contracts created for Uniswap and its own newly launched SafeSwap DEX.

“For far too long buyers of tokens have been left with no protection, it’s time for change. The YFDAI Launchpad allows projects to gain a seal of approval that will stand out and give investors confidence to invest in the next big DeFi project.” – Pritha Paul, YFDAI CSO

With the first two products now out in the open, YFDAI Finance continues to work on new DeFi products and services including an e-commerce platform, debit cards, a centralized exchange, fiat-to-crypto on/off ramps and trading bots.

About YFDAI Finance

YFDAI Finance is a DeFi ecosystem focused on four key values: accessibility, security, intuitive governance, and a trustless protocol. With YFDAI, users anywhere can access a suite of DeFi services including farming, lending, borrowing and staking.

Learn more about YFDAI Finance at – https://yfdai.finance/

Follow YFDAI Finance on Twitter at – https://twitter.com/YfdaiF

Join the YFDAI Finance community on Telegram at – https://twitter.com/YfdaiF

Read more about YFDAI Finance on Medium at – https://yfdaifinance.medium.com/

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

CoinSpot Is Ideal Starting Point for Australian Investors to add Crypto to Portfolios in 2021

CoinSpot Is Ideal Starting Point for Australian Investors to add Crypto to Portfolios in 2021

PRESS RELEASE. As the most trusted platform to buy, sell and exchange Bitcoin, Ethereum, and more than 230 other cryptocurrency tokens for Australian investors, CoinSpot encourages people who have not yet explored the investment opportunities surrounding crypto to make this new year the time they get involved.

Of the four largest crypto tokens, which include Ethereum and Bitcoin, three saw enormous gains during 2020, and at the start of January 2021, the market is worth over a trillion USD. CoinSpot encourages Australian investors to start expanding their portfolios into this exciting market as continued growth is expected this year.

CoinSpot offers a simple and user-friendly way to purchase cryptocurrency wallets, as well as to sell and exchange them, making it easy to get started with investing in crypto. The solution is designed to streamline exchanges between different tokens by allowing traders to directly swap between over 230 tokens and use instant prices to lock in the price at the start of the trade.

For those new to investing in crypto in 2021, CoinSpot also offers bundles that will provide a pre-diversified wallet with coins chosen for a specific focus. This includes the top 10 bundle, which offers 10 coins with the best tokens by market capitalization; the social bundle, which includes social media-focused coins; or the AI bundle, which focuses on AI on the blockchain. This can help people wanting to enter the crypto market to get started with a package of tokens that have been specially chosen by CoinSpot’s experts.

CoinSpot can also offer the latest prices in AUD and market information about all of the tokens it supports all on its user-friendly platform. This makes CoinSpot the ideal starting point for Australia based investors and traders to drive their crypto investments and exchanges in 2021.

Media Contact: support@coinspot.com.au


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Eligma Raises Additional €4 Million Equity Investment at €50 Million Valuation

Eligma Raises Additional €4 Million Equity Investment at €50 Million Valuation

PRESS RELEASE. Crypto payments startup Eligma has announced it recently completed a new funding round of €4 million at a €50 million valuation. The latest investment was funded by Roger Ver through Bitcoin.com, and was mainly initiated due to Eligma’s ongoing efforts to comply with any and all regulations.

This approach to regulations has made it possible for Eligma to connect with the largest processors in the world and, through such partnerships, offer a unique combined solution of processing any payments (card payments, other digital payments and of course crypto payments). Eligma is now at the brink of revolutionizing the payment experience in offline retail, where any additional hardware will no longer be required.

Bitcoin.com and Eligma share the common goal of bringing cryptocurrencies into the mainstream and revolutionizing the world of payments with the advantages of the digital age. The Eligma company has been recognized as one of the world’s most promising startups in this field. With the ability to process any kind of payment, it can now also start setting up a tokenomics model that is not only connected to crypto payments, but also to various traditional payments (except cash). In this way, Eligma could convert a part of the card and digital payment fees into the GoC token and thus achieve a transition of traditional money into crypto. More on this topic will be revealed in the upcoming weeks.

“The new holistic technology will bring the world of payments to a whole new level, where shoppers will be able to use diverse fast (and often contactless) payment methods, and where merchants will benefit from a smooth and effortless sales process regardless of how the customer selects to pay – by using an all-in-one solution. We will be posting more on our progress on a weekly basis for the next 6 weeks,” the Eligma team said.


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

From Asia to Europe, major central banks all around the world are expected to announce their own digital currencies soon. This is vindication that stablecoins like EURST are on the right path forward, and they can serve to show how national economies should reinvent themselves following the current crisis.

Why Everyone Wants a CBDC Now

There is a lot of discussions in economic forums and reports in the financial press these days about central bank digital currencies (CBDCs) and how they can help with building a new post-Covid economy. Many countries in various regions are said to be developing some version of a CBDC, as far apart as Thailand and Ukraine. In fact, major central banks have been working on CBDCs for a few of years already, and the European Central Bank’s upcoming digital euro and China’s digital yuan are expected to be among the first.

Even usually closed minded anti cryptocurrency detractors are now forced to admit that digital currencies are an unavoidable reality. For example, no other than “Dr. Doom,” economist Nouriel Roubini, now predicts a “big revolution” coming in the next few years due to many central banks launching their own digital currencies.

This is mainly happening because central bankers are seeing the success of stablecoins, digital tokens pegged to national currencies, and they fear being left behind as people are choosing to use the new innovation. Stablecoins also serve as a clear example for the central bankers of the world of how the technology of digital currencies work, and the positive impact they can have on their regional economies.

The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow

A leading example of a digital currency for the European economy is EURST, a USD asset-backed and live-audited stablecoin created by Mr Simone Mazzuca. This digital currency from Wallex Trust represents 1€ worth of USD, secured by the accounts of the federal reserve and Wallex Trust.

“Digital currency that represent countries or states is now a very trending topic. This is happening because stablecoins work. They are effective. EURST is an example for the European economy, but for us EURST is also just the beginning, it’s a taste of what can be done. Our aspiration is to ‘beat’ the system and to build the system.” – Simone Mazzuca

The Path Forward With EURST

One of the major technological challenges for digital currencies that will have official state backing is that will have to comply with a whole host of complex financial regulations. Anyone can just issue a token using a blockchain like ethereum, but to integrate with the legal framework on a national level you need to prove it is backed by an asset as claimed, you need to prove it follows regulations and compliance laws, and you need ways to prevent bad actors from taking advantage of it.

The Wallex Group, which secures EURST and includes Wallex Trust and Wallex Custody, is a regulated entity, with an insurance account, and it follows strict compliance procedures for AML (5th Directive Anti-Money Laundry) and know-your-customer (KYC) procedures. In this way EURST can be complaint with with European regulations and get integrated with the traditional financial system. This enables businesses and individuals to interact with the system they are used to while also benefiting from the many advantages of digital assets.

The EURST Stablecoin Set the Path That Major Central Banks Now Want to Follow
Frankfurt, Germany – European Central Bank (ECB)

“This is where the new economy is heading and for companies like us, The Wallex Group and EURST, that is just the beginning. We are giving people the ability to have financial power again. We let people create startups and use this technology to the best of its ability.” – Simone Mazzuca


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Stratis Brings Blockchain as a Service to All Businesses via its C# Native Platform

Stratis Brings Blockchain as a Service to All Businesses via its C# Native Platform

PRESS RELEASE. 7th January 2021, London, United Kingdom – Stratis was created for a simple purpose – to provide enterprises with blockchain as a service (BaaS) solutions, designed to implement complex blockchain architecture within mainstream coding languages, used by everyday companies away from the crypto niche.

It does this through cloud solutions, support for C# and .NET application building, alongside tool customization via its open source protocol. The result of this? Stratis unlocks the power of blockchain technology for mainstream businesses, and unlocks the mainstream market for the blockchain industry – Two powerful combinations.

Enterprises that find themselves relying on the Stratis tool set will access a less expensive and less complex blockchain building framework. Companies no longer need to purchase and manage their own full nodes, nor do they need to build a blockchain infrastructure from scratch – Something which is niche and represents a huge barrier to entry by setup cost to all but the largest of companies. Moreover, businesses in need of smart contract support will be pleased to find that Stratis supports virtual machines via Microsoft’s Azure cloud platform.

Stratis – Tailored with Perfection

Stratis holds several key values that make it an optimal choice for blockchain operations – decentralization, privacy, scalability, practicality, accessibility, reliability, security, and performance. To better understand this, Stratis blockchains run a number of cloud-based full nodes, so decentralization is assured. Privacy is guaranteed – through cryptographic encryption, all transactions and communications remain private. Stratis is also keen on providing an adaptable degree of scalability, achieved through the means of intuitive sidechain usage.

Companies looking to leverage the power of smart contracts must know that Stratis is the only platform providing support for C# execution, so developers can efficiently code self-enforcing programs utilising their existing development tools and existing knowledge of a rich and versatile programming language. Stratis is also working on facilitating cross-chain communication between contracts running within Stratis’ ecosystem and those deployed on the Ethereum blockchain, hence increasing their suitability for today’s interconnected world.

STRAX Swap on Binance

In September 2020, the team introduced STRAX, a more powerful protocol designed to flawlessly integrate within the platform’s existing business model. Previously-minted STRAT tokens have been swapped to STRAX tokens on a 1:1 basis via Binance. Following the shift, Stratis will introduce a series of other advanced features, such as the STRAX SideChain, Stratis InterFlux, SegWit support, cold-staking, the DeFi app library, IoT development tools, and many others.

Since STRAX is based on the proof-of-stake consensus mechanism, network participants can receive token-based rewards in exchange for staking their STRAX tokens. Stratis is well-aware of the security risks posed by hot wallet storage, so the team has decided to use cold-staking for ideal token security.

2021 – The Year for Stratis & BaaS

In Q1 2021, Stratis will launch the Unity Development Kit (allowing the integration of NFTs and decentralized identities within the gaming ecosystem), the DeFi Software Library (a catalogue of C# standardized smart contracts), the Stratis DAO (a means of funding next-gen developments via voting), the Stratis System Contracts (introducing on-chain logic and simplifying user-driven processes), and the mobile wallet featuring token support (supporting tokens issued on the Cirrus Sidechain).

In Q2 2021, Stratis will launch the Python Development Kit (allowing Python coders to build on Stratis), the IoT Development Kit (meant to introduce Stratis solutions to IoT hardware), a new version of Proof-of-Stake (boasting improved security and additional features), Stratis Oracles (a distributed means of accessing off-chain data), and Dex Mobile Support (allowing mobile trading of SRC20 tokens).

In Q4 2021, Stratis will launch Ethereum Interoperability (known as InterFlux, this will enable usage of wrapped STRAX tokens on the Ethereum chain), alongside the STO & Digital Asset Platform (providing the tools needed to manage token offerings).

With so much happening last year ,and so much on the horizon, 2021 looks like a promising year for Stratis. Click here to Find out more about how Stratis is changing the world one blockchain at a time.

 

Follow Stratis on Twitter – https://twitter.com/stratisplatform

Join the Stratis Developer Academy – https://academy.stratisplatform.com/

Check out Stratis on GitHub – https://github.com/stratisproject

Read the latest Stratis news – https://www.stratisplatform.com/news/

 

Media Contact Details

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: press@bitcoinprbuzz.com

 

Stratis Group LTD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Bitcoin.com Co-founder Files Legal Action Against Bridge.link Token Project Over Market Manipulation

Bitcoin.com Co-founder Files Legal Action Against Bridge.link Token Project Over Market Manipulation

PRESS RELEASE. Bitcoin.com Co-founder Mate Tokay is filing legal action against the founders of Bridge.link for failing to distribute a significant portion of BRG. Tokay was hired as an advisor for the Bridge.link project and was promised 37.5 million BRG for compensation. However, Tokay was never paid for his services, even though Bridge.link used his name for recognition, and managed to raise $6 million in six hours.

  • BRG Investors have been misled as investors have not been paid contractual obligations and the circulating BRG supply is incorrect.
  • Mate Tokay is filing legal action against the Bridge.link token project and principal founder Mr. Sina Estavi.
  • Tokay has informed other crypto industry market leaders, price aggregations sites, and relevant exchanges of the massive discrepancy the Bridge.link founders fail to disclose.

Over three months ago, the Bridge.link team raised millions of dollars in a public token sale, but have failed to compensate one of the key advisors. Bitcoin.com’s cofounder Mate Tokay entered into a contract with the Bridge.link or Bridge Oracle team members and was supposed to be paid 37.5 million BRG. Moreover, BRG’s circulating supply is much smaller than what’s being reported on crypto market valuation web portals.

When the payment was due, Bridge.link and it’s principal founder Sina Estavi refused to compensate the Bitcoin.com founder for his advisory services. Instead, Estavi tried to settle with Tokay offering a far lower sum than what was owed. Despite the contract, Estavi said he would not settle with Tokay for the sum of 37.5 million BRG and allegedly advisors have been treated similarly.

With contractual obligations to Tokay and likely other advisors, the circulating supply recorded on the web portal coinmarketcap.com is incorrect. The discrepancy means that Bridge.link and its principal founder Sina Estavi are manipulating the market by including tokens intended to be paid out to Tokay and numerous advisors.

“It’s unfair to BRG investors,” said Bitcoin.com’s cofounder Mate Tokay. “Coin market cap aggregators show a much larger BRG supply than there actually is. This is clearly market manipulation by disallowing BRG investors from spending their tokens,” Tokay added.

Bitcoin.com’s co-founder further stressed:

The Bridge.link founders should enter these tokens into the contract and disperse the funds to the rightful owners. BRG investors are being misled and Bridge.link’s actions could damage innocent individuals who participated in the public offering.

Tokay believes that there is no other choice but to take this matter to the proper authorities and file legal action against the Bridge.link token project and its founder Sina Estavi. He believes that Bridge.link should rectify the situation as quickly as possible before BRG investors become victim to a classic pump and dump. In addition to legal action, Tokay has contacted relevant crypto industry services like exchanges to notify them of the BRG market manipulation.


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Ideaology Announces IEO Collaboration and Subsequent Listing of IDEA Token with Bitcoin.com Exchange

Ideaology Announces IEO Collaboration and Subsequent Listing of IDEA Token with Bitcoin.com Exchange

PRESS RELEASE. Ideaology, the blockchain-oriented company building a digital ecosystem by energizing the market and utilizing the world’s global workforce announces today an agreement with Bitcoin.com Exchange for a public sale and the subsequent listing of the Ideaology Token (IDEA) on Bitcoin.com Exchange.

Ideaology consists of a freelance platform which will accommodate most of the personnel needed to develop projects. The platform’s mission is to provide a host of freelancers and entrepreneurs with job options, a digital marketplace allowing platform users to sell or buy digital assets and services, as well as:

  • Share materials and experiences.
  • An Idea launch-pad.
  • A collection of innovative and inventive individuals, to establish a creative colony for introducing and launching revolutionary ideas.
  • A funding base of individuals and enterprises interested in supporting new projects, whether through direct partnerships, or through crowdfunding options available on the platform.

Ideaology is creating a unique collaborative digital community and a fertile environment for the future of business development.

Originating from Dubai, UAE, Ideaology is the creation of co-founders, Khaled Alkalbani, and Amar Kovačević. However, the company has come a long way from the initial idea, and today, the Ideaology team numbers over 20 members, from all over the world. Ideaology, like many startup companies, is using the very model it is promoting, as most of the team members work remotely, have been hired from freelancing platforms, and it is utilizing crowdfunding methods to support early development and expansion.

With its upcoming public sale, and subsequent launch on Bitcoin.com Exchange, Ideaology’s (IDEA) token will become the cornerstone of the Active Idea ecosystem which will provide startups and innovative individuals the supporting and dynamic environment to ensure every idea gets the best possible chance of success.

As one of the leading cryptocurrency exchanges in the digital asset field, Bitcoin.com Exchange has been chosen as the platform of choice for Ideaology’s new ERC20 token (IDEA) to launch its public sale in late January. After the conclusion of such public sale, IDEA will be listed on Bitcoin.com Exchange for trading.

Amar Kovačević, Co-founder of Ideaology said that, “With its upcoming public sale, and subsequent launch on Bitcoin.com Exchange, Ideaology’s (IDEA) token will become the cornerstone of the Active Idea ecosystem which will provide startups and innovative individuals the supporting and dynamic environment to ensure every idea gets the best possible chance of success.”

Danish Chaudhry, CEO of Bitcoin.com Exchange said that, “At Bitcoin.com Exchange, we are constantly building a wider ecosystem that branches into new horizons, starting the new year with a bang in the form of the public sale of IDEA.” Chaudhry continues on by saying, “After the great performance of our previous IEO (ATRI) we are very happy that Ideaology, a visionary in the future of digital marketplaces has chosen our exchange to accelerate the growth of their token by hosting their public sale on our platform.”

Why choose IDEA?

Its uniqueness and extraordinary potential to energize the market and utilize the global workforce, which is turning more than ever to remote work, are the main points of significance of Ideaology and its Active Idea ecosystem. It is hard not to acknowledge the perfect timing and circumstances for such a platform to become the go-to business development instrument in the very near future. The blockchain base which will provide cutting-edge technological solutions and scaling options for the ever-increasing demand of such economic systems is the game-changing factor that sets it apart from anything available on the market at the moment. Ideaology and Active Idea offer a solution on the macro scale, and that is to create a platform for solving problems, and growing these solutions into successful and profitable businesses to the benefit of everyone involved.

For more information, check out the Ideaology website here.

Be Part of the Progress

Ideaology has a great future ahead, addressing and evolving gaps within the future of digital marketplaces. Bitcoin.com Exchange will initiate the process in the next few weeks by opening a portal where users will be able to go through KYC/AML verification before the token sale to take place in January. Keep yourselves updated for more information via our portal below, and follow our socials.

Learn more about Bitcoin.com Exchange here.

What is a public sale/IEO?

In brief, an Initial Exchange Offering, commonly referred to as an IEO, is a fundraising event that is administered by an exchange. In contrast to an Initial Coin Offering (ICO) where the project team themselves conduct the fundraising, an Initial Exchange Offering means that the fundraising will be conducted on a well-known exchange’s fundraising platform, similar to the upcoming Bitcoin.com Exchange Launchpad, where users can purchase tokens with funds directly from their own exchange wallet.

About Bitcoin.com Exchange

The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, our exchange has been visited by more than 500K active traders per month, and this number continues to grow as you read this sentence.

About Ideaology

Ideaology is a Dubai-based blockchain-oriented company building a digital ecosystem – Active IDEA – which will harbor a community of professionals and enterprises collaborating, investing, and growing together. The Active IDEA platform connects all the likely associates of a successful business endeavor, including innovators, freelance professionals, advisors, and investors. The ecosystem is built on blockchain technology enabling it to conduct an efficient and decentralized economy based on the Ideaology (IDEA) token.

Media Contact Info

Bitcoin.com Exchange

Contact Name: Antonio Bileci

Contact Email: antonio@bitcoin.com

Ideaology

Contact Name: Mac Ocampo

Contact Email: info@ideaology.io

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post Ideaology Announces IEO Collaboration and Subsequent Listing of IDEA Token with Bitcoin.com Exchange appeared first on Bitcoin News.

Kim Dotcom’s Next-Generation Content-Monetization Service K.IM Announces Bitcoin Cash Integration

Kim Dotcom’s Next-Generation Content-Monetization Service K.IM Announces Bitcoin Cash Integration

PRESS RELEASE. Megaupload creator Kim Dotcom announced this month to use Bitcoin Cash for his newest innovation, K.IM, a suite of tools to enable anyone around the world to manage, protect and sell digital content at ultra-low fees and without intermediaries.

Dotcom, who’s website Megaupload was once the 13th most popular site on the Internet and responsible for 4% of all Internet traffic, said K.IM turns “digital files into file shops. Users can use our service to package a file that they want to sell into an encrypted container file and then they can place it anywhere on the Internet. Customers who want to access the content inside the encrypted container can make a payment using cryptocurrency like Bitcoin Cash.”

Asked why he was excited about K.IM and Bitcoin Cash in particular, Dotcom said that while Bitcoin (BTC) has been a great tool for asset storage, Bitcoin Cash is “great for payments” for services like K.IM and offers new financial opportunities for consumers, vendors and investors. Kim had the following to say about the crypto market:

“My opinion is that crypto use is on the rise and BCH is in a good position to accumulate market share. For me it’s simple: The more users you have the more value you have.”

“The winners in the crypto race will be decided by vendors and users. Focus on the fundamental question: What do vendors and users want? Low fees, fast transactions, high security and ease of use.”

He went on to say that Bitcoin Cash was currently “undervalued” and that the “upside potential for those who missed the BTC train” is enormous. Bitcoin.com Founder and friend of Dotcom, Roger Ver, said that Dotcom has “always been ahead of the rest of the market and that people should pay attention to his predictions”. He went on further to say:

“When you look at interest in BTC these days, a lot of it comes in trying to chase its historic investment gains. As long as the price keeps going up, there is going to be a lot of interest. But what happens when people want to start actually using it to pay for things? They will discover the limitations of Bitcoin and look for an asset that can be both an investment and a true peer-to-peer payment system like Bitcoin was originally meant to be. That’s what Bitcoin Cash is.

Speaking further on Bitcoin Cash, Ver said the following:

It has all the great qualities that helped BTC become a store of value but it’s not artificially rate limited. Entrepreneurs like Kim Dotcom can actually use it to build their business without relying on central parties to provide payment layers. It’s not surprising that he would be so bullish about Bitcoin Cash.”

Ver said that K.IM is one of the most exciting products he’s seen in years and has the potential to get millions of people using cryptocurrencies like Bitcoin Cash which can handle the massive volume Dotcom’s businesses have created in the past.

K.IM is currently in development with updates coming soon. The platform is expected to launch in Q4 of 2021. To find out more information visit the K.IM website today.

About K.IM

Providing advanced services and technologies to manage, protect and sell digital content, K.IM will revolutionise the monetisation of digital content and create a fair market for content creators and consumers.

KIM is the source of this content. This Press Release is for informational purposes only.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Low Circulation and High Demand at Opening of SCU Trading

Securypto

PRESS RELEASE. Securypto trade will open on Bilaxy on 1 January, 2021 and all indicators say that it will start off strong given the high demand for it alongside the low circulation of the coin as pointed out by Securypto team. There will be only 410,000 coins available for sale when it starts trading on Bilaxy.

On top of that, another 750,000 coins have been recently burned on 28 December, 2020. This news alone has made investors pay more attention to the potential Securypto has on the market especially since the SCU coin is one of the few coins that actually has a use case.

Taking in consideration the scarcity of the coin, it is expected by the Securypto telegram community that the value of the coin will increase by time in both short and long term in their recent poll.

Securypto has raised almost $100,000 before the exchange opening which is an astonishing feat on its own these days, long past the days of ICOs. This signal clearly shows how strong the community and investors believe in this project.

Bilaxy

Bilaxy support has quite been unprecedented, “Bilaxy has always been the home of crypto hidden gems, and we are happy to support more promising blockchain projects with our various financial services like trading, staking and more. Anonymity is a scarce commodity in this day and age and we have seen Securypto’s potential to develop a model where you take back control of your data and send and receive truly anonymous encrypted data.”

About SCU

SCU, which stands for Securypto Token, is a utility token that enables users send and receive encrypted messages and data with it’s app DigiSafeGuard. The app itself already allows you to do that but the utility token enables an anonymity layer on top of it which makes it a perfect instrument for everyone that cares about their privacy to send and receive data.

Early feedback from early adapters shows that mostly people who live in restrictive countries make use of this application like North Korea and places where censorship is very high and freedom of speech is a luxury where Securypto has given them a voice.

Whistleblowers have also commended it’s ease of use and high level of encryption and how it makes it easy to use as Whatsapp but the moment you send the message it looks like your message goes into a wormhole and the receiver gets the message and no one can discover the path it has taken from sender to receiver making it impossible for anyone to track the message or decrypt it.

It comes then as no surprise why both the community and investors have been excited about the development and launch of SCU/ETH trading on Bilaxy exchange on 1 January, 2021.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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CyberGhost VPN Will Shield Your Bitcoin Transactions With a Special 83% off New Year’s Offer

CyberGhost

The crypto world is full of malicious hackers and other serious threats to your digital assets. CyberGhost VPN, which is trusted by over 36 million users globally, can help protect your security when making online transactions and payments. The service accepts bitcoin and you can now save over 80% from the regular price with a CyberGhost VPN New Year’s offer.

Make Online Security Your New Year’s Resolution

The incredible wealth stored in digital assets has attracted to the crypto world some of the smartest hackers out there. They plague both companies and individuals using sophisticated methods such as spear phishing, trojans and SIM-swapping, and security breaches have become the norm. For this reason, maintaining excellent online security is an absolute must for crypto users and having a VPN (virtual private network) is considered a vital tool for achieving this.

Using a VPN for encrypting your data when you trade makes it more difficult for hackers to spy on transactions. It also hides your IP address and prevents persistent tracking, so your device’s physical location will not become forever linked to your blockchain wallet address. And it can help avert falling victim to viruses and malware targeted by identity or location. Don’t worry if all this sounds too complicated, CyberGhost VPN makes it easy to protect your data with a very user-friendly approach. Just sign up here, download an app for any device you have, login with your new account and turn on the service with the click of a button.

One of the best and most trusted VPNs you can have is CyberGhost VPN. The service has over 36 million customers all over the world, offers dedicated apps for all platforms, 24/7 customer support, operates under a strict No Logs policy and has an extensive network of over 6000 servers located in 90 countries. One subscription can protect up to seven devices at the same time and the company also offers a 45-day money-back guarantee. CyberGhost VPN is now offering a special deal for New Year’s: just $2.25 per month, plus 3 months free, which is an amazing 83% off from the regular price. To take advantage of this amazing offer click here.

CyberGhost
The CyberGhost VPN interface is very user-friendly

Using CyberGhost VPN Offers Many More Advantages

The advantages of using CyberGhost VPN go beyond making safe online transactions with its military-grade AES-256 encryption technology. One of the most important of these, is that it lets you access websites and services that might be blocked in your region. For everyday use this is great for accessing foreign content on video streaming apps like Netflix or the BBC iPlayer. For cryptocurrency users this is far more vital, as it can ensure that you will always have access to an exchange or online wallet holding your assets in case it will be blocked to your country.

Additionally, CyberGhost VPN offers dedicated apps for all operating systems, connected devices and platforms, including: Windows, macOS, Linux, iOS, Android, Apple TV, Android TV, Amazon Fire TV & FireStick, Xbox, PlayStation, and even routers. The service also accepts bitcoin payments in addition to a variety of payment methods that includes credit cards, PayPal and WebMoney.

CyberGhost
CyberGhost VPN has over 6000 servers in 90 countries

Protecting your privacy is also a major advantage of CyberGhost VPN for bitcoin traders. The company is headquartered in Bucharest, Romania, and therefore under no legal obligation to keep logs on its users. This allows it to adhere to a Strict No logs policy: it keeps absolutely no records of what you’re doing online and can’t share this information with authorities if they ask. It also publicly releases quarterly Transparency Reports every three months that show its deep and ongoing commitment to privacy. To help further promote security the company even has an educational initiative called Privacy Hub, offering knowledge on how to stay safe and protected online.

To learn more about the many advantages of using CyberGhost VPN and take advantage of this amazing New Year’s offer click here.


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Betting Your Coins Online? Be Sure to AskGamblers First

AskGamblers Releases Best Practices Guide for Bitcoin Gambling

Visit AskGamblers.com before ever wagering your hard-earned coins in an online casino. AskGamblers is the internet’s largest and most trusted portal dedicated to curating honest, fair, and open gaming experiences for users worldwide.

These Days You Can Use Bitcoin to Buy Just About Anything

From online shopping to automobiles and real estate, as Bitcoin grows in popularity, there are always new and innovative ways to incorporate Bitcoin into your life. Here are a couple of key industries that are driving cryptocurrency acceptance.

Travel Industry

When you think of Bitcoin as a worldwide peer-to-peer payment network, it makes sense that the travel industry would be one of the first to adopt cryptocurrency payments. CheapAir.com became the first travel agency to accept Bitcoin in 2013, but these days, you can use Bitcoin to book travel, flights, and hotels worldwide.

Sports & Entertainment

In the United States, AMC Cinemas, one of the largest theater chains in the country, made headlines when it announced that moviegoers would be able to purchase tickets using Bitcoin. Sports & music fans around the world have also been able to use Bitcoin for in-person and online purchases of concerts and live events. Emerging industries such as Escape Rooms have also adopted Bitcoin as a payment method.

Charities and Nonprofits

Bitcoin’s global user base makes it a perfect medium of exchange for charities and nonprofit organizations. Rather than being relegated to a local currency, charities and NPOs have leveraged Bitcoin to easily accept donations from around the world. Some of the organizations that pioneered crypto donations are The Water Project, Internet Archive, Red Cross, Save the Children, United Way, and BitGive.

Birth of the Crypto Casino

In recent years, thousands of cryptocurrency casinos have popped up online. While many of these sites are legitimate businesses, there have been a great deal of bad actors operating online casinos as well.

The gambling industry has provided various guides with best practices around bitcoin gambling and bitcoin deposits and withdrawals. Some iGaming places also offer the option of playing in both cryptocurrency and player’s traditional currency too. And, since there’s no bank or any other third-party in between, the transactions are being made instantly, usually cutting out waiting times for deposits or withdrawals. While many of these sites are legitimate businesses, there have been a great deal of bad actors operating online casinos as well.

So how do you know if an online gambling site is legit? Visit AskGamblers.com before ever wagering your hard-earned coins in an online casino. AskGamblers is the internet’s largest and most trusted portal dedicated to curating honest, fair, and open gaming experiences for users worldwide.

Get the Truth BEFORE You Play

You’ve worked hard for your money– both physical cash and digital assets. Don’t risk losing them on shady websites by gambling without research. On AskGamblers.com, you’ll find a directory of trusted and certified online casinos. Whether you’re looking to play online slots, try your hand at video poker, or roll the dice at craps, you’ll find the very best online casino experiences at AskGamblers.

Don’t take their word for it– on AskGamblers.com, you can read thousands of reviews from fellow gamers to hear what others have to say before making your gaming decision.

Find the Best Bitcoin Bonuses

Before you deposit any amount of Bitcoin into a 3rd party account, in addition to making sure that your funds are secure, make sure that your money is working for you before you even enter the casino. With AskGamblers’ exclusive Casino Bonus Database, you can find all the best sites to boost your Bitcoin with Deposit Matching and Welcome Bonuses.

Award Winning Conflict Resolution

Have you ever had a dispute with an online casino? If you’ve dealt with nefarious websites before, you know how difficult it is to recover lost funds online. To date, AskGamblers.com has returned over $36 million to over 13,000 players through its Casino Complaint Service.

With over 10 years of experience enforcing fair play online, AskGamblers.com has received multiple awards for their services in protecting online gamers.

Play With Confidence

Whether you’re just starting out, or a seasoned pro, you can play to win Bitcoin online with the confidence of knowing that AskGamblers.com has your back. Its community of 80,000 players and team of online gaming experts will ensure that you have the best possible experience while playing to win real Bitcoin. Visit AskGamblers.com and add your voice to the movement for fair and equitable online play.


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Crust Network Launches Crust Storage Market, Decentralized Cloud Service Built on Polkadot

PRESS RELEASE. One of the star projects of the emerging Polkadot ecosystem, Crust Network, recently completed a several million dollar Series A financing round in September, with investors including NGC Ventures, SNZ, HashCIB, DFG, KNS Group and AU21 Capital. In 2020, Crust Network joined the Substrate Builders Program, and won a grant from the Web3 Foundation.

In one of the key stages of Crust Network launching decentralized cloud services to users worldwide, Crust has revealed more details about their Storage Market design, a network storage resource trading market that allows storage resource providers and storage resource users to transact in an open market. In order to promote the Crust Storage Market, the CSM token is being given to community members that provide liquidity on UniSwap and through other community activities. In the future, Crust plans to implement other cloud services, such as decentralized cloud computing, which will also be bought and sold through Crust Service Market.

In preparation for mainnet launch via Polkadot parachain, Crust Network launched their CC2 Maxwell testnet and “Profit Ark I & II” incentivized testnet.
The “Profit Ark I” testmet launched on November 30th and is scheduled to run for 50 days. 320,000 CRU tokens, worth approximately $1.4 million dollars, is planned to be awarded to all testnet participants. At time of writing, over 740 nodes in regions around the world have provided 40 PB of data storage as a part of “Profit Ark I”.

According to the Polkadot telemetry, the number of Crust Maxwell CC2 nodes already exceed that of Polkadot and Kusama, with storage nodes widely distributed in Europe, Asia and North America.

For the “Profit Ark II” testnet, the Crust team plans to run through the full functionality of it’s network, including staking, guarantee nodes, and other functions.

Parachain Auctions

According to news from the first edition of Polkadot Decoded on December 3rd, the parachain slot function may launch in February 2021. By that time, Crust will release a detailed roadmap about their plans to join both Kusama and Polkadot auctions. Based on the Crust whitepaper, “around 40% of the ecological development budget was planned for slot auctions and related expenses”, according to Crust CEO Bova Chen.

##

About Crust Network

CRUST provides a decentralized storage network for the Web3 ecosystem. CRUST supports multiple storage layer protocols such as IPFS, and exposes storage interfaces to the application layer. Crust’s technical stack is also capable of supporting a decentralized computing layer. CRUST is designed to build a decentralized cloud ecosystem that values data privacy and ownership.

Website: crust.network

Email: crustnetwork@gmail.com

 

Sources:

Crust Node Map & Detailshttps://telemetry.polkadot.io/#map/Crust%20Maxwell%20CC2

Crust Profit Ark Storage Datahttps://ark.crust.network/

Crust Economy Whitepaper – https://crust-data.oss-cn-shanghai.aliyuncs.com/crust-home/whitepapers/ecowhitepaper_en.pdf

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Vauld Raises $2 Million to Establish Stronghold in India

@eli_bizdev

Singapore-based crypto bank Vauld is working hard to elevate crypto to the status of a separate, viable asset class. It combines the functionality of an exchange with all the essential offerings of a bank, except it’s for cryptocurrencies.

Vauld Raises $2 Million

The Vauld team just raised USD 2 million from Pantera, Coinbase Ventures, and CMT digital among others, over the last four months. “The investors loved that we were building to solve for banking with cryptocurrencies,” says CEO, Darshan Bathija.

As the crypto market dominates financial news and gears up for what could be its best year in 2021, the Vauld team plans to use the funds to expand its team from 7 to over 20, and initiate an active presence in new markets. The crypto bank currently offers fairly high yields – ranging from 3% to 11% on its customers’ crypto deposits, while simultaneously offering crypto loans and exchange functionality.

Now, the Vauld team expects to double down on these offerings, with higher yields, an OTC desk, and more fiat pairings on its exchange. Vauld’s primary audience is high net worth individuals who, Darshan says, “want to earn yield but would rather not incur capital gains liability as well”.

The team does state that it will continue to be beginner-friendly, inviting new investors to participate in the market. On a related note, Vauld is also quick to recognize that amongst the first concerns in early crypto adopters is the security and safety of their funds. Addressing that rather emphatically is Vauld’s partnership with BitGo, a fairly trusted, leading custodian brand in the crypto world. BitGo’s wallets are insured by Lloyd’s London for a sum of $100 Million.

As for the often ambiguous legal perspective on cryptocurrencies across markets, Vauld says they will “work closely with the commodities and banking regulators to ensure that we and [their] partners are and remain fully compliant through the changing regulatory landscape.”

Vauld is led by Darshan Bhatija and Sanju Sony Kurian, both bringing rich experience in building and scaling startups past their Series A rounds. Darshan has also worked as the head of business of TapChief. Sanju has served as the CTO of Kings Learning, a scaled product of 25 million users.

Vauld’s Offerings

Vauld is an evolved idea of a bank, combined with the potential of cryptocurrencies. Using Vauld, users can lend, borrow, and trade in crypto assets just like fiat currency or conventional assets.

Vauld ticks off the four traditional objectives of a banking institution:

  1. Store of Value – Ensuring that crypto assets are preserved with adequate levels of security.
  2. Easy Spending – High liquidity, both on and off its exchange (more on that below).
  3. Capital Growth – Regular interest payouts on deposits (APY of upto 12% currently offered)
  4. Exchange – Trade a wide range of crypto assets with each other and the Indian Rupee. (with other fiat currencies coming soon!)

With its products and partnerships, there’s strong potential for Vauld to be a leading player in this newly emerging crypto banking space. The crypto banking concept itself holds considerable potential, and almost heralds the coming of age of the crypto world. If you’re a crypto enthusiast wanting to participate in the industry, Vauld’s referral program probably deserves your attention. The platform promises 40% of the trading fees and 5% of all interest paid or earned, to all its users successfully referring friends. Coupled with its rather active and engaging Telegram community, it’s an enviable user base the brand is building for itself.

 


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CoinDeal Obtains in-Principle Approval for Maltese Class 4 VFA License

CoinDeal Obtains in-Principle Approval for Maltese Class 4 VFA License

PRESS RELEASE. CoinDeal is pleased to announce that it is now the first publicly known company to have obtained a Class 4 Virtual Financial Assets License in Principle Approval from the Malta Financial Services Authority (MFSA). The exchange received the letter on 16 December, 2020.

This allows CoinDeal to provide the following VFA services to both Experienced and Non-Experienced investors: Operation of a VFA Exchange, Dealing on own account and Holding and controlling of clients’ assets and money.

In-principle approval means that the exchange received ‘in-principle approval’ which is valid for three months from the date of its reception. During this time, the applicant must meet additional requirements for both pre-licensing and post-licensing conditions. Once the application for a license has been approved, the exchange will be able to obtain it officially.

The company is currently talking with various private investors, funds and other market players about the potential investment needed to start global marketing and to grow its 400,000 customer base.

Media Contact: justyna.hurkala@coindeal.com

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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MinePlex Creates CrossFi Crypto Bank by Combining Traditional Finances With Blockchain

MinePlex Creates CrossFi Crypto Bank by Combining Traditional Finances With Blockchain

PRESS RELEASE. The MinePlex platform announces the creation of a new mobile crypto bank for CrossFi industry that aims to combine the traditional financial instruments with blockchain technologies. The mobile crypto bank is supplied with the functionality that allows using cryptocurrencies in everyday life: paying for clothes, food, gadgets as well as for utilities, internet and other services.

“In fact, we have created a new industry that erased the borders between cryptocurrencies and traditional financial assets. Now our users can buy and sell cryptocurrencies, or pay for everyday purchases by using the mobile crypto bank. And all of this is possible on the single platform”, shared the MinePlex CMO Alexandr Mamasidikov.

At the next stage, MinePlex plans to further develop the project, open the MinePlex university, add new features and grow the user base. By 2023, the number of crypto mobile banking users is expected to reach 85 million globally. By 2024, it is expected to approach a billion.

The MinePlex platform stays at the forefront of the CrossFi market by the constant development of its infrastructure that already includes the crypto mobile bank, debit card tied to cryptocurrencies, two project tokens Mine and Plex, smart contracts for staking these tokens, crypto wallet, and P2P platform for exchanging cryptocurrencies without intermediaries.

“We have already created the CrossFi industry. Now we put our efforts in developing the ecosystem, educating people on how to use the mobile crypto banking that has such advantages as the usability, fast conversion of cryptocurrencies into fiat, lower commissions, opportunities to earn on staking etc”, highlighted the MinePlex CMO Alexandr Mamasidikov.

In 2021, MinePlex plans to integrate more than 20 cryptocurrencies to its wallet.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Coinrule Fundraises $700k to Expand Automated Trading to Tokenised Stocks

Coinrule Fundraises $700k to Expand Automated Trading to Tokenised Stocks

PRESS RELEASE. Coinrule – a hyper-growth, automated trading platform based out of London, UK – is poised for explosive growth in the months ahead, after announcing that its recent investment round on Seedrs secured over 200% of its target, raising $700k, at a valuation of $6m. This funding will allow Coinrule to grow the team, expand into the fast-growing market of tokenised stock trading, and deliver a ‘market leading backtesting tool’, all aimed at furthering their mission of democratizing access to finance.

2020 has been an extraordinary year in crypto, with a torrent of investor cash pouring into the space like the proverbial flood. Through a “beginner-friendly” trading platform that can “catch the next market opportunity on your behalf”, Coinrule’s fast-growing user base has been able profit from the upside gains, while protecting their downside, by automating their trading and investments. Its intuitive interface – which connects to all the popular exchanges – gives users the tools and the flexibility needed to execute any crypto trading strategy, without having to learn a single line of code.

How It Started

Founded by entrepreneurs Oleg Giberstein, Gabriele Musella and Zdenek Hofler, Coinrule has come a long way since the three met at the Masschallenge Accelerator Programme in 2017.

Compared to those early days, the company is almost unrecognizable. The team successfully raised a seed round from the Fintech Lab of prestigious Hungarian Bank MKB, as well as the investment arm of Zilliqa, ZilHive. A group of 13 experienced angel investors – including John Austin former CSO of IG Index, Robin Bade, former CEO of Mirum WPP, Stelios Gerogianakis, Lead Engineer at Go Cardless, and Oliver Snoody, former Head of Brand Marketing at Twitter & VP of Marketing at Deliveroo – joined this initial funding round, and were soon followed by a coterie of impressive advisors, including none other than Dr Andrea Baronchelli, research fellow at the prestigious UCL Centre for Blockchain Technologies. With such an all-star team, the future looks very bright indeed.

How It’s Going

Coinrule recently closed an unusually successful investment round via Seedrs, reaching 209% in overfunding with around $700,000 raised from over 670 individual investors. The mission of ‘giving financial power back to regular people’ and ‘democratizing access to investing’ is clearly resonating well with Coinrule’s millennial target audience, as well as with the tech-oriented investor community.

This fresh injection of capital is explicitly to be used for 3 key goals. Firstly, it will allow Coinrule to grow its very international team – currently 13 staff spread across 7 time zones. Secondly, it will allow them to expand their ‘tradable assets’ to include tokenised stocks alongside their current crypto-based offering, which should open the company up to a new, multi-trillion dollar market. Thirdly, it will allow the team to release ‘the most simple backtesting tool in the world’ – allowing investors to easily compare trading strategies against historical data. A number of exciting and innovative features sit on its long term road map, one of which is a ‘social marketplace’ that will allow users to share strategies and copy/follow the best performing traders.

The Stats Speak for Themselves

Already, Coinrule proudly boasts that a full 67% of its users’ funds are in profit. This isn’t a result of any dark magic or creative accounting. Simply, users have strategies in place – using templates provided inside the app by Coinrule’s trading team, as well as users’ own custom-made strategies – that protect their funds on the way down while ensuring they take profits on the way up.

Active investing isn’t rocket science, even for normal people with little time – so long as you have the right tools at hand. Coinrule’s fresh injection of cash will allow them to further progress their mission of delivering these tools to a much wider audience, and to help build the future of finance via intuitive, automated trading. As founder Gabriele Musella says – “the new world of finance requires levelling the playing field between regular traders and hedge funds. Until that point is reached, we’re here to hustle.’

For further information visit:

http://coinrule.io/

https://twitter.com/coinrulehq

https://www.linkedin.com/company/coinrule/

https://www.youtube.com/c/Coinrule

About Coinrule

Coinrule is a beginner-friendly and safe trading platform that enables you to send automated trading instructions to your favorite exchanges such as Binance, Kraken, Coinbase and others. Its intuitive interface gives you the tools and the flexibility needed to execute any crypto trading plan, without having to learn a single line of code.

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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YieldFinanceFarm Next Generation Rewards Maximizing DeFi Farm – 2nd YIF Presale Is Live

YieldFinanceFarm Next Generation DeFi Farm to Maximize Rewards - 2nd YIF Presale Is Live

PRESS RELEASE. Yield Finance Farm attempts to correct a few major issues plaguing the market at this time. Primarily, YieldFinanceFarm provides new crypto users an easier alternative to earn a passive income with the use of the latest and best strategies to invest. Compared to trading cryptocurrencies, yield farming requires less understanding and effort. In this way, the Yield finance farm provides a more secure alternative to trading cryptocurrencies without experience.

Where to Buy YIF Tokens : (2nd Pre-sale Event is live)

Yield Finance Farm is one of the few Yield Farming that has a Limited token supply. Only 30,000 YIF minted will be distributed to the community through Airdrops and Pre-sale Events.

The token presale will reward investors with a discounted listing price where they can grab 1 YIF for 1.4 ETH and benefit from a presale bonus of up to 30%.

YIF Presale token Balance will Receive instantly, and the primary utility token allows investors, full access to all YieldFinanceFarm DeFi products.

The Token will be get listed on exchanges like Uniswap, and Hotbit, Digifinex, 1inch with an initial listing price of 3000$ per YIF Token.

Presale link: https://yieldfinance.net/presale-yif-token

ETH Sale Address: 0xd6764493d6C71d4FE356E12C36E60BCe05AE18Dd

Follow instructions here: https://telegra.ph/Yield-Finance-FarmYIF-2nd-Pre-Sale-Event-is-Live-12-21

About YieldFinanceFarm

Yield Finance Farm (YIF) is a high-yield Defi farm that allows you to Stake, Farm, Lend Borrow, and Earn. Bringing real value to yield farming, it’s a modern-age project designed to meet the demand for financial innovation and improved financial system efficiency through Defi and blockchain technology.

It strives to create a decentralized financial ecosystem by used The YIF token to gain full access to all YieldFinanceFarm products.

Allowing for community governance orchestrated in building decentralized products, After the launch of the protocol, YieldFinanceFarm will be under the governance of YIFDAO

Website: https://yieldfinance.net

WhitePaper: https://yieldfinance.net/Doc/whitepaper

Presale details:

Token Type: ERC-20

Token symbol: YIF

Token Name: YieldFinanceFarm

Contract : 0x79f434795124a3956704c4a8a90241a3462b2de7

Total Supply: 30,000 YIF

Circulating Supply: 15,000 YIF

Initial Uniswap Liquidity: 6,000 YIF (LOCKED IN UNICRYPT FOR 2 YEARS)

YIF for Pre-sale: 12,000 YIF (Unsold Tokens will be Burned)

Team Tokens: 1,500 YIF (Locked for 5 Month)

Marketing: 1,800 YIF

Development : 2,700 YIF

Airdrops: 1,200 YIF

What makes it different?

– No Gas Fees:

By farming with Yield Finance Farm (YIF), you enjoy the benefit of paying no gas fees, thus maximizing your yield.

– Seamless Farming Experience:

At Yield Finance Farm (YIF), the team handles all backend integration with DeFi protocols, thus allowing users to farm yield via a simple and easy-to-use “one-click” function

– Maximized Yields:

Yield Finance Farm(YIF) offers pure “yield driven” strategies for the subscription for users seeking only to maximize yield on principal capital, rather than accumulating DeFi governance tokens.

YIF DeFi Products:

YIF Token:is a governance token of the YieldFinanceFarm project, The token will be used to gain full access to all YieldFinanceFarm DeFi products.

Yield Farming: This is the new yield farming approach where users get cover tokens instead of getting nothing by depositing liquidity or tokens into a pool.

Cover tokens represent liquidity rate for the pair of the pool and served by separate smart contract and can be redeemed anytime.

Lending: YIF will provide you with the highest yield in the market today, Up to 30% APR for supported coins (DAI, USDC, USDT, TUSD, BUSD,)

Staking: Stake YIF and Earn 25% APR, YIF can be unlocked anytime without any locking period or other obstacles on your way.

Dapp: YieldFinanceFarm is also developing its own Dapp running on the Ethereum Network, allowing users to use it from any of their favorite wallet (Trust wallet, MEW, Metamask, etc.) to search and use their Decentralized Ecosystem.

Community:

Telegram Group: https://t.me/YieldFinanceFarm

Telegram Channel: https://t.me/YieldFinanceFarmNews

Official Twitter: https://twitter.com/finance_farm

Email: support@yieldfinance.net

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Win a Limited Edition Franck Muller Bitcoin Cash Watch “Free the Money. Free the World.” With Bitcoin.com Exchange

Win a Limited Edition Franck Muller Bitcoin Cash Watch “Free the Money. Free the World.” With Bitcoin.com Exchange

PRESS RELEASE. The Bitcoin.com Exchange team will be giving away a Franck Muller Bitcoin Cash watch in a margin trading competition this holiday season.

Bitcoin.com has announced a new partnership with the luxury watch brand, Franck Muller, and the branded “Free the Money, Free the World.” watch has now launched. The first-ever Bitcoin Cash watch from Franck Muller is part of the “Encrypto” brand timepiece. The new watch is a limited edition BCH wristwatch that is sold for 9,900 EUR and only 500 pieces are available. The “Free the Money, Free the World” Franck Muller luxury BCH watch was designed by Tyler Gallagher of Regal Assets and the Co-Founder of Bitcoin.com, Mate Tokay. For more information on the Bitcoin.com and Franck Muller partnership, check the press release here.

How Can I Win?

To win an exclusive Franck Muller watch worth 9,900 EUR, you must simply:

  1. Register, or login to the Bitcoin.com Exchange platform.
  2. Trade any margin pairs with any leverage. You can trade with up to 12x leverage on the selected 29 markets on our exchange.
  3. You must have a total margin trading volume of $10,000 during the 30-day promotional period to receive an entry ticket! The entry ticket mechanism ensures that everyone has the same chance to enter the prize draw to win the exclusive watch!

Please consider that margin trading has several risks due to cryptocurrency price volatility and product complexity. We advise you to exercise carefulness and attention. Please check our margin trading article before making your first trade here.

Throughout the promotional period, we will announce additional flash competitions that will give you extra opportunities to get more entry tickets and increase your chance to win this amazing Encrypto watch!

How Long Will the Promotion Last?

The Franck Muller watch promotion is for 30 days. The promotional period will start on Tuesday, December 22th, 2020 at 10:00 UTC and end on Wednesday, January 20th, 2021 at 10:00 UTC (“Competition Term”).

Terms and Conditions

Official Contest Rules – Watch Giveaway (the “Competition”) can be found on our blog here.

About Bitcoin.com Exchange

The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, our exchange has been visited by more than 500K active traders per month, and this number continues to grow as you read this sentence.

Media Contact Info

Bitcoin.com Exchange

Contact Name: Antonio Bileci

Contact Email: antonio@bitcoin.com

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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OpenDAO Builds New Yield Dollar Interface on Top of UMA, Accepts BTC as Collateral

OpenDAO Builds New Yield Dollar Interface on Top of UMA, Accepts BTC as Collateral

PRESS RELEASE. OpenDAO is proud and excited to announce that it is one of the first DeFi projects to participate in UMA’s dapp mining program.

Check out the new Yield Dollar interface at ydollar.opendao.io

For the past few months, OpenDAO has been working closely with the team at UMA to build a new interface for the Yield Dollar (yDollar) as part of UMA’s dapp mining initiative.

The aim is to create an interface which is more accessible and intuitive to use, whilst still leveraging the robust contracts which have been built by UMA.

The yield dollar will be a pre-cursor of sorts to the USDO, OpenDAO’s multi-collateral backed stablecoin, which will also be built on UMA.

PHASE 1 (Yield Dollar)

Phase 1 involves building a new interface for UMA’s existing Yield Dollar (yDollar) product. If you’re unfamiliar with the Yield Dollar, you can check out this article written by Clayton of UMA.

As a quick overview, the Yield Dollar is a stable synthetic token which is minted by locking up ETH as collateral. The difference between the current iteration of the yield dollar and other stables is that there is a rolling 3 month expiry, at which point it will be redeemable for $1 of the collateral asset at the exact time of expiry.

Effectively, the yield dollar represents a fixed-rate, fixed-term loan.

Note: Due to the demand from users to buy yDollars, it is currently trading at a premium and thereby gives the minter the equivalent of a negative interest rate loan! For the time being, this means that participants are actually making money by minting yDollars.

OpenDAO is rolling out this phase first in order to become familiar with building on UMA. This will also allow both UMA and OpenDAO’S communities to get familiar with the minting process and evolve the interface and functionality over time.

To mint your first yield dollar, head on over to ydollar.opendao.io

REN Protocol Integration

As part of this build, the team has also been working closely with the Ren Protocol team to allow Bitcoin to be used as collateral in a fully permissionless manner for the minting of the yield dollar as well.

By implementing RenVM, Bitcoin holders can now use their BTC as collateral for minting the yield dollar, and eventually USDO!

This allows those who are long BTC to mint a yield dollar with their BTC, convert to USDC or provide liquidity to the Y Dollar/USDC pool to earn rewards, and effectively earn a return whilst keeping your BTC.

You can go to ydollar.opendao.io now to mint Yield Dollars with your BTC!

PHASE 2 (Single Asset USDO Stablecoin)

Phase 2 involves utilizing UMA’s upcoming perpetual contracts (currently being audited) to build the first iteration of OpenDAO’s USDO stablecoin.

This allows the minting of a stablecoin which does not expire like the Yield Dollar, giving it characteristics on par with other stables in the market.

Whilst the USDO will ultimately be backed by a basket of both on and off-chain collateral, the first iteration will be single asset on-chain collateral.

Initial collateral will be ETH and BTC (via renBTC) as the on-chain collateral, before moving to include other asset types including off-chain assets such as stocks and real estate in phase 3.

You can read more about the roadmap for USDO in the whitepaper here.

It is estimated that users will be able to mint USDO with ETH and BTC in early Q1 2021!

PHASE 3 (Multi Asset USDO Stablecoin)

In phase 3 OpenDAO intends to realise the ultimate form of USDO  —  a global stablecoin backed by a multitude of productive assets ranging from crypto to real world assets such as listed stocks and real estate.

To date they have already developed protocols which allow for the acceptance of off-chain assets as collateral, such as the CashBox system.

OpenDAO anticipates that by Q3 2021, the multi asset USDO stablecoin will be ready for minting and be exchangeable for other stablecoins via various liquidity pools.

Relevant Links:

OpenDAO Website: https://www.opendao.io
Telegram: https://www.t.me/opendao
Twitter: https://www.twitter.com/opendaoprotocol
Y Dollar Minter: http://ydollar.opendao.io/

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post OpenDAO Builds New Yield Dollar Interface on Top of UMA, Accepts BTC as Collateral appeared first on Bitcoin News.

Free TON Community Achieves Sufficient Decentralization With the Network Becoming a Defacto Mainnet

Free TON, From an Abandoned Project to the Frontier of PoS Networks

The Free TON community declares achieving sufficient decentralization and mainnet status as a consequence on December 22, 2020.

One of the Most Decentralized PoS Networks in the World

Free TON was launched May 7, 2020 as a true community-driven, decentralized blockchain network.

No ICO. No entity. No funding. No token sale. TON Crystals are distributed on the basis of merit. Bring something, get something.

Tangible contributions to the network via contests or collaboration proposals, coupled with diverse use cases, are used as token dissemination triggers. To date, over 100 contests have been realized and more than 20 collaboration proposals have been approved, which together are helping to drive adoption of Free TON.

Consecutive validator contests were held over the course of 4 weeks in Q3, 2020, with the goal of isolating the most capable validators from around the world on the basis of performance-under-pressure. In the end, Free TON ended up with just over 400 validators to make the network confident enough to declare sufficient decentralization on December 22, 2020 at 12:00 PM UTC.

On the tech side of things, the validator Rust node was open-sourced during the same live Zoom call, adding yet another impressive component to an already big announcement. This move was designed to increase performance with respect to network speed, throughput, and also latency as compared to the original C++ node, in turn contributing to further network improvement, performance and stability.

Last, but certainly not least, TON Labs released their latest SDK update, bringing the developer experience to yet another level. Many features were added, making the SDK more readily accessible and easy to use.

Sufficient Decentralization Within 8 Month After Launch

The decentralized governance of Free TON is partitioned through more than 15 organically formed, geographically diverse, and auto-functioning sub-governance groups (think DAOs), with a new one being formed just about weekly. This drives social scalability and task execution through groups of experts who come together based on their professional background to do what they know how to do best, be it development, writing smart contracts, creating apps, marketing, PR, design, etc. A “get in where you fit in” approach that has rendered impressive results. In turn, the community is self-governed with the crème de la crème best practices floating to the top for implementation, driving further (and better) decentralization of governance and community with each new turn, vis-a-vis scalabilty.

Additionally, the Free TON community live-streamed the generation of a special key block containing the Declaration of Decentralization and its addendums, which were originally signed by the first launch members. Moving forward, there will be new addendums that original members will sign, only this time on-chain.

During the ceremony the CEO of TON Labs, Cyril Paglino said, “The TON Labs team is proud to be the core developer of the Free TON network, bringing new possibilities in the decentralized backend space due to the unique scalability and performance of Free TON”.

A representative from one of the launching members added, “We are thrilled to achieve sufficient decentralization within 8 months of the initial launch. It reinforces the viability of the chosen governance model for this network, and the power of a quickly-growing, diverse community that is Free TON.”

 


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