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Bancor Smart Tokens Provide Solution to The Issue of Liquidity

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There are many facets to the notion of liquidity. Liquidity may be defined as the ability to convert an asset into cash readily on demand. If this definition seems myopic, you can see it as an asset that can be sold or bought at its fair price. Therefore, liquidity signifies that there are no premiums or discounts attached to an asset when selling or buying it. This makes it easy to enter and exit the asset at will.

For any tradable asset, liquidity is paramount. Liquid markets are smoother and deeper when compared to illiquid markets, which can put traders in a place from which it may be difficult to navigate out. For instance, Bitcoin has experienced significant growth within nine years of its existence. In 2009, there were only 50 Bitcoins but today, there are over 13,000,000 bitcoins in circulation. Virtual currencies or cryptocurrencies have witnessed waves of illiquidity. What are the factors that influence liquidity?

  • Exchanges: The increasing number of cryptocurrency exchanges has provided opportunities for more individuals to trade in cryptocurrency. The increase in volume and frequency of trading has contributed to enhancing liquidity.
  • Acceptance: The acceptance of cryptocurrencies at online shops, brick and mortar stores, bookings, etc. has contributed to its usability while reducing its volatility. Coins become more liquid when frequently used as a means of payment.
  • Regulations: Both direct and indirect regulations have played a crucial role. The position of cryptocurrency in each country is different – banned in certain areas, allowed in others, while in dispute elsewhere. Because of the increasing presence of cryptocurrency in the form of exchanges, ATMs, casinos, transactions in shops, financings, etc. these clarified regulations will continue to influence liquidity.
  • Awareness: Many people are practically unaware of what cryptocurrency is all about and how it works. In the midst of these are prospective investors, buyers, and traders of digital coins. Lack of clear guidelines by relevant authorities and limited knowledge has limited engagement to devotees to this moment, but as this changes, so will liquidity via increased volume and acceptance.

Then, How can one technically solve the issue of liquidity facing cryptocurrency? Below we will explore a solution provided by Bancor for addressing the challenges of liquidity faced by cryptocurrencies, conventional tokens, and community currencies. According to Bancor, the issue of liquidity can be addressed through the use of Smart Tokens, by programming tokens to be autonomously convertible for other tokens within the same network. This is achieved through the use of Connectors, which are modules in a token’s smart contract that hold balances of other tokens they are connected to.

What is the Bancor Protocol Smart Token all about?

Let’s begin with the Bancor Protocol which is the standard for what Bancor calls Smart Tokens. The method is as follows: A Smart Token is programmed with one or more connectors, which are modules in their smart contracts. Each connector holds a balance of another connected, the connected token, which can be deposited by the Smart Token creator. These balances are used by the Bancor Formula to calculate the exact price of a Smart Token in any of its connected tokens. The Smart Token can be bought and sold by depositing or withdrawing the calculated amount from its connector balances. For example, if a Smart Token has one connector which holds a balance of Ethereum, that Smart Token can be bought by sending Ethereum to the Smart Token’s contract, or sold by sending Smart Tokens back to the contract and receiving the corresponding amount of Ethereum in return.

If you haven’t heard of smart contracts, these are computer programs which run on the blockchain, meaning they are unchangeable as long as the underlying blockchain is operational. In the case of tokens, smart contracts allow for the programming of certain features, issuing policies and other attributes, directly into the token’s governing software. Bancor uses this ability to program Smart Tokens to buy and sell themselves from users, in exchange for any of their connected tokens, at an algorithmically calculated rate according to the open-source Bancor Formula. This allows Smart Tokens to be plugged into a network architecture, and continuously liquid to every other token in the network, according to a mathematical price which balances buy and sell volumes in the network (more on the formula below.)

The Bancor Protocol recommends a new solution to the issue of liquidity for cryptocurrencies by using an asynchronous price-discovery model, which is enabled by these balances holding Smart Tokens. The most unique characteristic of this solution is the fact that you can buy or sell Smart Tokens anytime, directly through their smart contracts (Bancor also offers a simple Web App user interface) without the need for an exchange or even matching buyers and sellers, as has been the case for decades. Does this sound like crypto magic to you? Let’s explain how it works.

  • Firstly it’s important to understand that Smart Tokens are money that themselves hold money, in their connector balances. What this means is that the smart contract that operates the Smart Token owns a minimum of one other token balance. This is the Smart Token’s initial liquidity “plug in” to the network, and from where the Smart Token can withdraw other tokens to sellers, and collect other tokens from buyers.
  • Secondly, the supply of a Smart Token can be dynamic, and handled by its smart contract directly. When a Smart Token is purchased by sending one of its connected tokens to the smart contract, these tokens are added to the connector balance and new Smart Token units are created and sent to the buyer. This means that a Smart Token’s supply is growing as demand for it is growing. Thankfully, so is its connector balance, so as you’ll see below, its price is also increasing. This means that increased supply does not mean inflation or dilution for Smart Token holders, since price is a factor of demand, not constrained by a traditional fixed supply. Similarly, when a Smart Token is sold, it is simply sent back to its smart contract, which withdraws the corresponding amount of connected tokens from the connector balance and returns them to the seller, and the sold Smart Token units are destroyed and removed from circulation. Price however, is still decreasing, thanks to the Bancor Formula which takes this decreased connector balance into account. You can liken this mechanism to when tokens are issued by initial coin offering smart contracts in exchange for other tokens like Ether.
  • Thirdly, is the realization that Smart Tokens calculate their own prices vis-a-vis other tokens they are connected to. This is according to the Bancor Formula which holds the ratio constant between a Smart Token’s total market cap, and its connector balance. As buys and sells add and subtract tokens from the connector balances, the price of a Smart Token will fluctuate to keep this ratio, configured by a Smart Token’s creator (and called the weight), constant. This ensures that buy and sell volumes strive for equilibrium, as a Smart Token’s price is rising when it is being bought, and falling when it is beind sold. Just as you’d expect with supply and demand principles, only here the supply can adapt to the demand, and price is calculated as a mathematical function between the Smart Token and its real-time connector balances. .

One may be thinking if all of this functionality is required, given the fact that price discovery and liquidity is already obtained via trading activity in traditional exchanges. Is there a reason for a different solution? The answer to this question is yes. This is because exchanges can be seen as “matchmakers” between individuals or parties with different wants. A particular trade comprises of two opposing transactions, one where each party is selling what the other party wants to buy. The situation where a particular party needs to find another party with opposite wants is the sole reason why currencies and other assets face liquidity risk. With this constraint, it is impossible for smaller scale currencies, such as loyalty points, community currencies, and other relevant credits, as examples, to become consistently liquid.

Additionally, people who provide liquidity such as market makers and traders are logically looking for ways to take full advantage of profits. This connotes that liquidity comes at a price or cost with the current exchange solution, allocating value to middlemen. This is why BancorSmart Tokens are unique, allowing currencies to enjoy automated and continuous liquidity, and with no added fees. The contribution or partaking of market makers and traders in their convertability isn’t compulsory, but optional for both parties. In fact, Smart Tokens may be regarded as a token with a built-in not-for-profit automated market maker for itself, being operated by its open-source smart contract.

A Bit About the Bancor Token Generation

This decentralized liquidity network Blockchain project raised approximately $153 million in Ether within three hours. Bancor was one of the most successful token launches of 2017. The token generation event took place on June 12, 2017, attracting more than 390,000 contributions in Ether, a world record in the market at the time.

Bancor’s BNT is the Bancor Network Token. According to the company, in the next two years, there will be a host of new features available to Smart Tokens, including security upgrades such as delegated account recovery, the ability to purchase them with a credit card, enabling communities without a token to easily create one without technical knowledge, and moving to a fully decentralized backend and front-end architecture, as well as taking the liquidity network completely cross-blockchain. Finally, we will see the launch of Bancor Grants, helping local communities build capacity towards launching and maintaining a local Smart Token for their economy or network, and subsidizing the BNT needed for qualifying communities to connect to the Bancor Network (via their Smart Token’s connector balance, which will be held in BNT.) Since launch, Bancor has activated their token, launched and activated Relay Tokens for over 20 ERC20 tokens which are now convertible via the Bancor Network, launched their Web App on desktop and mobile, and deployed a portable widget to enable users to convert Smart Token’s from anywhere on the Internet. This attribute alone safeguards users and enables them to convert their tokens remotely and in a decentralized fashion.

BNT holds Ether (ETH) as its connected token, making it possible to convert any token within the Bancor Network into ETH, instantaneously and without the need for matching buyers and sellers. This is groundbreaking in the blockchain world, with Bancor pioneering an autonomous technology that a technical solution for instant liquidity and eventually also the instant creation of intrinsically liquid cryptocurrencies.

What are the Benefits of Bancor Smart Tokens?

Smart Tokens bring about several benefits when compared to the traditional token model, which include:

  • No Extra Fees: Unlike the traditional token and exchange models, the only compulsory fee that is paid for converting Smart Tokens is the blockchain platform fee, which in the case of Ethereum is known as gas.
  • Continuous Liquidity: Because selling and buying are carried out through smart contracts, you can always convert Smart Tokens from/to their connected tokens, regardless of the volume of trading done.
  • Foreseeable Price Changes: The Bancor Smart Token allows for the pre-calculation of price changes according to transaction size, since each transaction itself will result in a change to the current price by adding to or subtracting from connector balances. This price predictability leads to relatively more stable prices.
  • No Spread: The same price is calculated for buying and selling Smart Tokens since the calculation of these prices is done formulaically by the non-profit smart contract, not by other buyer and seller offers, traditionally known as an order book.

In Conclusion

Bancor has discovered a way out of the historic challenge of liquidity without needing a counterparty to buy or sell a token. This is attainable through a smart contract, currently on the Ethereum network, which keeps a balance in another connected token at all times, and uses a simple formula to continuously recalculate the exact rate at which a Smart Token is convertible for any of its connected tokens, and as such, for any other token in the network. This innovation replaces traditional labor-based solutions, in the form of market makers and exchanges, both for-profit actors, with a technical solution, in the form of a non-profit smart contract that will always buy and sell Smart Tokens thanks to their built-in liquidity mechanism. This autonomous solution could offer a step-function improvement in efficiency, decentralization, accessibility, transparency, and stability for the emerging cryptocurrency economy – if Bancor can pull it off

 

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Dvision Network Announces New LAND Staking Feature To Help Bolster Virtual Plot Utility

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The Dvision Network has recently announced the new ‘LAND Staking Feature’ in their Dvision Metaverse, with the development being finalized to present a new use case to the virtual plot owners. According to the official statement, users who possess Dvision LAND NFT may now stake it and obtain DVG points or additional NFT items via the new LAND staking system. This is a crucial component of the entire project and its ecosystem as Dvision currently has about 10,000 LAND owners, as a result of 3 finalized rounds of the LAND Sales, eager to deliver fascinating and advanced content to Dvision World.

Important details to note

Dvision Network launched a new NFT staking solution to improve the usability of the digital plots, and the team has hence already completed three successful LAND sales across several platforms. Furthermore, over 10,000 LANDs have been sold through platforms such as Shopify, Binance NFT, OpenSea, and NFTb.

Also, the LAND staking function is in fact the first utility to be linked to the virtual plots prior to the formal launch of the ‘Meta-Cities’, where the LANDs shall ultimately be used to introduce content created by individuals within Dvision Metaverse.

What else is there to know?

The Dvision team has created a new rewards program called DVG (Dvision Gold). Essentially, this is a digital reward currency that is necessary to improve PETs and enable consumers to effectively utilize P2E (Play-To-Earn) in the Dvision World metaverse. Secondly, the staking period is also separated into three stages, namely one month, three months, and finally six months. The longer the staking time, the more likely it is that users will receive a better payoff. ‘Random Building Boxes’ will also be distributed beginning with the 90-day staking period. The only difference is the style of building, but if users open a random box, they will always get one regardless.

It’s worth mentioning, that Dvision Network has lately been advancing from the technological perspective, as they have integrated Coinbase Wallet, Bitski, Wallet Connect and Fortmatic, which allows their metaverse users to have simplified and diverse access to their virtual world. Apart from that, Dvision Network has announced previously that they’re going fully on-chain integrating the IPFS and Filecoin data storage solutions to safely store their data.

About Dvision

Dvision Network is a blockchain-enabled NFT metaverse network with the goal of being the best in the business. Dvision uses its own VR technology to build a cutting-edge metaverse environment, thereby decreasing entry barriers for all types of users globally. As a result, designers, companies, and general users may immerse themselves in a truly dynamic and rewarding metaverse experience. Visit Dvision’s website, Medium, Telegram and Twitter channels for additional information and frequent updates.

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The Mirror Megaverse Announces Game and Metaverse Building Platform for Web3

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The Mirror Megaverse™ Inc. The Mirror™ is creating a metaverse platform that will serve as the interoperable Megaverse Engine™, a game engine tailored to Web3 that offers both an end-user product and a platform for game studios and brands to build experiences. The initial product is currently in internal alpha, a downloadable desktop client providing out-of-the-box multiplayer, Web3 integrations, chat, direct 3D model imports, and more.

The Mirror enables creators to build experiences, games, and programmable 3D creations and sell these in The Mirror marketplace. More than Play-to-Earn, The Mirror is pioneering Build-to-Earn, where the consumer can become the creator and earn a living while learning real-world skills such as coding, 3D modeling, and even mathematics with The Mirror’s physics engine. Everything in The Mirror is interoperable **with Mirror Assets™: creators can import 3D models from external sources and build, script, and experience them in games, events, and even other metaverses.

What Shopify is to e-commerce, The Mirror is to the metaverse, giving creators the tools they need to build a full-blown metaverse with integrated blockchains. The Mirror will launch a series of foundational templates for builders to quickly craft environments, terrain, and gameplay frameworks with a click of a button. The platform will service both the expert game developer and the low-code/no-code user.

The founder, Jared McCluskey, grew up building 3D models and, after having nothing to do with them besides showing them to his mom, asked, “What’s next?” He eventually built an online business in Second Life in 7th grade, selling 3D models and scripts in-world for USD. This past year, as the momentum of NFTs gained traction, the core Mirror team believed they could bring true utility to the booming NFT market and saw a need for a Web3 platform that existed to bring real economic value to its users. With the space being dominated by hype projects and schemes, The Mirror was born out of a desire to allow anyone the ability to improve their livelihood through building and learning.

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First Look at the DreamsVerse

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DreamsVerse, March 18, 2022 – Dreams Quest announces the release of its first official video offering a first glimpse into their RPG Open World game. The DreamsVerse, a melodic dream-like environment, moves one step closer to early access on Dreams Quest Origins.

Dreams Quest Origins, which is an RPG open world blockchain game, presents a sneak peek into their development of a breath taking snapshot of their DreamsVerse. From beautiful landscapes, mystical trees, to exquisite uses of colours and styles Dreams Quest presents an otherworldly dream-like environment which captures the players imagination.

“Our DreamsVerse is a mystical place, one that you’ve never seen before, or have you?,” said Paulii Good, the co-founder of Dreams Quest. “We are creating an environment that may somehow seem familiar to you, as something you may have imagined or seen before. As a player you experience the game where you awaken in a dream. You suddenly realise the dream is some sort of reality. Nothing is familiar and yet everything seems familiar. Every part of our world has been thought through and designed to match the world of Azoria.”

In the past few weeks, Dreams Quest introduced several assets, including their Organic Matter (OMs) and enviro elements. The project has also been showcasing the process behind the 3D creation of individual assets on their social channels, which now be fully experienced within the video.

Paulii Good further stated “There’s a certain spirituality that we’re channelling as we build Dreams Quest Origins. The video offers the first glimpse of the backdrop for the main game and introduces some of the elements that gamers will come across as they play and explore the first realm in our release plans.”

The project has also enhanced their gameplay dynamics from play-to-earn to a more robust collect-and-earn model through discovering, upgrading, buying, selling and trading rare and collectible in-game assets which will be saved in players inventory and also be NFTs. Players can unlock quests and collect OM and craft OM to infuse elements into crystals and learn how to further forge and upgrade their game asset NFTs.

Dreams Quest will be continuing on its quest to deliver further updates on the game development, their trader’s market and the various game assets. Their trader’s market will serve as a cornerstone for players to buy, sell and trade game assets as well as acquire various special edition items and even upgrade their NFTs for use in the game.

Dreams Quest Origins will launch initially as a mobile game, enabling players to have a fully immersive open world experience using a variety of phones or tablets. Users will be able to access their game assets either within the game or transfer them directly to their Web3 wallets. Further developments will be announced over the coming weeks.

About Dreams Quest

Dreams Quest is a games and entertainment company producing a variety of products to create an immersive gaming experience. Dreams Quest Origins is an RPG open world Web3 game providing users with a PVE quest-based immersive experience. It is also the first-ever game designed with a metaverse-based economy, designed on the core principle of Collect to Earn, where every in-game asset is a dynamic NFT which can be crafted, forged, upgraded and traded to enable players to unlock the value of their game assets.

Twitter: https://twitter.com/DreamsQuestNFT
Discord: https://discord.gg/dreamsquest
Main website: https://www.dreams.quest

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MetaOne: GameFi is an untapped jewel in the making

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Marrtin Hoon, CEO of MetaOne shares his thoughts on how gaming industry has always been evergreen as gamers will always play games regardless of the global economic situation. In fact, more will find solace through the world of gaming. The hottest topic in town would be the evolution of GameFi, the fusion of the words “game” and “finance” which stands for monetization of the gaming experience. Making money playing online games has been around for some time, but with the emergence of GameFi since the 2020s, people are actually making a living by playing these games.

Despite all the hype, there is still a huge potential for community growth as making the switch from traditional gaming to GameFi requires effort, knowledge building, or in certain cases, cash.

Created by Gamers, MetaOne project is committed to reach out to this untapped community to shed the path towards GameFi by neutralising the transition barriers with their single interface platform.

The MetaOne platform highlights effortless onboarding with its one-stop guild management system that facilitates sign ups from all gamers and followers. Their integration with GameFi partners make BigData analysis possible with in-game insights that empower decision makers to execute secure cross-chain NFT activities via their Smart Contract protocol. The ecosystem within is looking forward to bringing tremendous benefit to all stakeholders while contributing to the GameFi space expansion.

“The market now is very turbulent but also gave us an opportunity to prove some key points. MetaOne’s key strategy has always been to convert this massive group of gamers to enter into GameFi through a credible platform that provides science and data clearly to them for making right choices. This will have material impacts to GameFi studios and ultimately the blockchain community,” said Marrtin, CEO of MetaOne, “We are so excited about communicating this vision to all geographical regions and realizing it into real executable plans where guilds, gamers, GameFi studios and users can see and feel the tangibles.”

Fundamentally, Metaone does not compete with Guilds, games, and online ecosystems but rather is a comprehensive enabler and force multiplier for the Gamefi space, integrating analytics, guild management, NFT asset management, and Game NFT activities that can be harnessed to empower these spaces plus changing how the industry operates.

More about MetaOne: https://metaone.gg/

Twitter: https://twitter.com/metaonegg
Discord: https://discord.gg/ffFkuEwdzc
Telegram: https://t.me/metaonegg

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Sleep Future Successfully Launched On Bitforex and Bitmart

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Sleep Future successfully completed its listing on Bitforex and Bitmart, and introduces new features such as staking of SLEEPEE and pushing through its app development.

16 May 2022 – Singapore, Singapore – World’s first Web3 Sleep-To-Earn Project announced its successful listing on Bitforex and Bitmart. The project team at Sleep Future has made incredible progress over the course of the month of May with a smooth launch, live staking and preparation for their NFTs. The company have stayed true to their long-term vision to be the leading blockchain sleep2earn project amassing millions of active users as they continue to build, and deliver regardless of the market.

A smooth TGE and launch

With overwhelming support, Sleep Future sold out both their IEO on Bitforex and Bitmart, raising up to 1700% in 24 hours after listing. In addition, the project have raised a remarkable amount from the IDO on Polylauncher to fund their ecosystem. TGE and launch on the abovementioned CEXs as well as Pancakeswap went smoothly, even hitting an ATH of $3.20. To boost investors’ confidence, the team also locked 100% of pancake liquidity for a year (with plans to extend after). Even though there have been retracements, they believe their deliverables will be able to move the price up again in the upcoming months.

“We are thrilled to be successfully listed on Bitforex and Bitmart. Through this, we hope there will be more eyes and believers in our project, as we strive to be the world’s first Sleep2earn project rewarding people for healthy sleeping. Our eventual goal is to bridge innovative R&D Sleep Tech with real-world utilities to blockchain and present this for global adoption.” said Brandon Lee, Co-Founder & CEO of Sleep Future.

Staking for juicy APYs

In the short span of 2 days after listing, staking also went live and is fully functional. Users can earn juicy APY by staking SLEEPEE at https://staking.sleepfuture.com/. The team has made extra efforts to ensure the dashboard is smooth, fast and safe. Simply connect a wallet and stake, after which the individual will be able to earn passively by collecting the rewards under the staking tab.

Official CMC and CG listings

Many of Sleep Future’s investors have also requested for the expedition of Coingecko and CoinMarketCap listing. The community feedback was well received, and Sleep Future was listed just a day after application. One can view their listings here: https://coinmarketcap.com/currencies/sleep-future/ and https://www.coingecko.com/en/coins/sleepfuture#social

NFT Sale and their utilities

The team at Sleep Future is working hard towards the next biggest milestone, their NFT sales launch in June. Sleep Future’s NFTs are hand designed from scratch, up to standard and packed with tons of utilities.

Firstly, one can earn up to $10 USDT worth of SLEEPEE for sleep quality of 100% when the NFT on mobile app is activated.
Secondly, their NFTs also have permanent boosting rates depending on the rarity ranging from normal, premium to legendary, which will be able to give up to a 100% permanent boost.

Lastly, their NFTs are also stackable. Stack up to 3 NFTs to combine and increase boosting rates.
Further updates regarding their NFTs will be updated on their socials leading to June.

About Sleep Future

Sleep Future is the world’s first blockchain-driven sleep wellness ecosystem to improve the sleep quality and health of the global community.

Sleep Future introduces the world’s first Sleep-To-Earn mechanism to reward world-wide community to sleep and earn $SLEEPEE tokens with the dual objective of innovating sleep technology R&D and a real-world utility in the Sleep Future ecosystem.

Discord: https://discord.com/invite/sleepfuture
Twitter: https://twitter.com/SleepFuture
Telegram: https://t.me/sleepfuture
Other Links: https://linktr.ee/sleepfuturefinance

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Metavize and Metabloqs form strategic partnership for 3D spatial development and architectural services in “meta-cities” on Metabloqs’ metaverse

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Metavize Technology Solutions Limited (“Metavize”) and Metabloqs announced a strategic partnership to provide 3D spatial development and architectural services to companies who are interested in investing properties and developing projects in “meta-cities” in Metabloqs. Metavize is a highly innovative full-service 3D spatial development and architectural service firm for the metaverse, while Metabloqs is a decentralized metaverse with meta-cities based on “real” cities that provide a real world, truly immersive experience.

Metabloqs’ vision is to create a unique ecosystem where users can create, own, and monetize their experiences using token “BLOQS,” the native utility token. Citizens of Metabloqs are provided with a unique passport to enter the metaverse, purchase land and rare goods such as NFTs, and create their dream projects.

The first meta-city is Meta-Paris, which is scheduled to launch in June 2022. Through this strategic partnership, Metavize will act as the official representative of Metabloqs to expand into other meta-cities in Asia through strategic investment.

“Metablogs offer high-quality 3D graphics and truly immersive experience. There will be DIY user-friendly tools on Metabloqs for users who want to build their own projects,” said Megha Shrestha, CEO of Metabloqs. “We are very pleased with our strategic partnership with Metavize. This allows us to create a stunning experience that will catch users’ eyes, offer professional 3D spatial development and architectural services to our property investors and business operators, expediting their property development cycle and improving return-on-investment.”

“As people spend more time in the digital space for leisure, commerce, and work, their expectations of user experience in the metaverse will be much higher and one that is closer to real-life experience,” commented Michael Leung, CEO of Metavize. “We are very excited about our partnership with Metabloqs, who by far offer the best immersive experience among other metaverses that we have seen on the market. We believe this superb user experience will become a very important driver for user adoption.”

“Metaverse takes virtual assets beyond cryptocurrency. Virtual assets from the metaverse are backed by substantial content such as land, property, products with real utilities with the metaverse ecosystem,” said Samson Lee, advisor of Metabloqs and CEO of Coinstreet Meta Solutions. “Metaverse NFT in layman’s term means ‘digital ownership certificate’ of value-back virtual assets in the metaverse that are tracked and managed by the blockchain, a ‘global decentralized computer’ which also acts as settlement system facilitating all transactions globally. We are at the very early days of market development with huge growth opportunities ahead.”

About Metabloqs

Metabloqs is a one-of-a-kind metaverse where users can network, learn and play. Metabloqs is powered by XinFin blockchain that fits in with users’ diverse needs whether users want to pick up a new skill set, engage in networking, or enjoy some time playing. The digital assets are stored in a XinFin smart contract and can be transferred.

For more information, please visit – https://metabloqs.com/

About Metavize

Metavize is a highly innovative and comprehensive 3-D spatial development and architectural service firm for metaverses. We provide product development and architectural services for real estate developers, business operators, homeowners, and product marketing companies to provide its users an immersive experience in the metaverse. Metavize provides one-stop service for animation, design, and fabrication of the virtual world venture into the Metaverse, expediting the property development cycle and improving return-on-investment. Metavize is incubated by Coinstreet Meta Solutions.

For more information, please visit – https://www.metavize.it/

About Coinstreet Meta Solutions

Coinstreet Meta Solutions, a subsidiary of Coinstreet Group, has two main business focuses, 1) providing technology and business solutions to brands and enterprises in enabling them to capitalize various opportunities in the metaverse area, and 2) produce and manage NFT projects, and operate NFT marketplaces including providing whitelabel NFT marketplace solutions.

For more information, please visit – https://www.coinstreet.meta

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Kanpai Pandas: Bringing luxury experiences to the NFT space

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Imagine an NFT project that can bring you once-in-a-lifetime experiences. Front of stage tickets to EDC Las Vegas, booth seats to your favorite football team’s games, private parties with high profile crypto personalities… etc., and access to all these events and more can be yours just by holding a cute tattoo-clad panda.

Introducing Kanpai Pandas, one of the first Omnichain NFT projects in existence. A collection of 10,000 stylistically curated hand-drawn NFTs that roam 7 chains, including Ethereum, BNB, Polygon, AVAX, Fantom, Arbitrum, and Optimism chains (and soon to be 8 ).

Kanpai means “Cheers” in Japanese and reflects the light-hearted jovial nature that the project and community represent. The Kanpai Pandas’ prime objective is to bring REAL utility to its holders by building a solid brand that revolves around amazing real-world experiences and community building.

Kanpai Pandas isn’t only an NFT collection incorporating innovative blockchain technology. Holding a Kanpai Panda gives you a membership pass into an exclusive club that offers access to high-end events such as private parties, sporting events, concerts, and other sought-after entertainment events. Kanpai Pandas is building a family of like-minded people across the globe, creating a network effect where holders can build, collaborate, and learn together in the journey to making NFT history. Kanpai Pandas believe in building a sustainable long-term foundation through providing real-world utility and on-chain innovation.

So, what’s under the hood?

Kanpai Labs, the creator of Kanpai Pandas, built and released the project on LayerZero Labs’ technology. LayerZero Labs is an Omnichain Interoperability Protocol designed for message passing across chains, providing authentic delivery. Layer Zero has been funded by FTX, Binance Labs, Spartan, DeFi Capital, and various other strategic investment groups.

Kanpai Pandas sought to distinguish themselves in the NFT space by providing an art collection that incorporated cutting-edge interoperable blockchain technology. Building on LayerZero Labs technology, Kanpai Panda’s smart contracts became the new “gold standard” of omnichain.

The creator of Kanpai Labs, @DaRealMilkBagz, crafted a team of experts to provide utility to Kanpai Panda holders. Before mint, @DaRealMilkBagz announced three exclusive confirmed events where Kanpai Pandas could attend, details of which will be further explained in future Medium posts, but have already been announced on our Twitter (@KanpaiPandas). Kanpai Labs came out swinging to provide its determination in making Kanpai Pandas a lifestyle brand that provides many perks: exclusive social events, collectibles, comic series, and on-chain game theory (details about these perks will be further outlined in future Medium posts).

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Renewable Energy Plants – The New Gold Mines of the 21st Century

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Experts believe new-age renewable energy plants are the gold mines of the 21 century. These offer environmental benefits, low investment risk, consistent cash flows, explosive demand, and reduced operating costs. All these factors clubbed together make renewable energy plants the future of the industry.

When you add carbon credits to the picture, it becomes one of the most lucrative investment options. And this is where Sinan Energy is unique by offering carbon credits from its own plants in the form of crypto tokens, which can be traded on exchanges for a profit or used in the real world. The need for carbon credits arises because more and more companies have adopted a net-zero emission target, which has led to an exponential increase in their demand and prices. Experts predict that the prices will likely increase fifteen-fold before 2030..

All about Sinan Energy’s blockchain-enabled tokenization platform

Sinan accelerates the commercial deployment of new renewable energy technologies by integrating these into its blockchain-enabled tokenization platform to build and deploy innovative plants ahead of the curve, thereby extracting maximum value.

Sinan Energy’s blockchain platform enables it to tokenize, record, and verify carbon credits generated from its plants. This allows it to achieve international certification and trade carbon credits on the global carbon market. By integrating renewable energy and blockchain architecture, Sinan Energy has created twin revenue streams through the sale of energy and tokenized carbon credits.

Integrating these two attractive options on one platform provides consistent and lucrative benefits to token holders of Sinan Energy.

What’s all the hype around Sinan Energy’s Carbon Credit Tokens?

Carbon credits offset a given amount of carbon dioxide or other greenhouse gases released into the atmosphere by industry and governments. These credits exploded in value in the last few years as most of the top 5000 companies across the globe have adopted net-zero emission targets. The carbon credit price is expected to see an upward trend in the coming years as the shortfall between the supply and demand for renewable energy energy doesn’t seem to be narrowing down anytime soon.

State-backed utilities lack the potential to produce large amounts of energy simply due to a shortage of resources, poor management, and heavy reliance on fossil fuels, which are both not as effective as renewable energy or as cost-effective.

The problem in opening access to carbon trading is that carbon credit markets are generally very complex, with several intermediaries shaving off profits. This is where Sinan Energy’s innovative renewable energy and carbon credit blockchain platform aims to disrupt the entire carbon value chain.

So, if you have been looking to invest in the twin booms of renewable energy and carbon credits, the Sinan Energy Token (SET) provides great exposure to both markets. Given the inherent supply shortages and Sinan’s pipeline of projects the price of SET tokens are expected to appreciate in value significantly.

Renewable energy is the future

Renewable energy plants, especially solar and wind, have lower operating and maintenance costs than their fossil-fired counterparts. This provides cost benefits to both the plant owner and end-users.

Sinan Energy has invested heavily in the development of renewable energy plants. They have signed contracts to set up plants with a total capacity of more than 100MW. Sinan will be setting up some of these plants at their Innovation Implementation Zone in the Northern Cape, South Africa. This region receives one of the highest amounts of solar radiation across the globe.

The Sinan Energy joint IEO and IDO is currently underway on the P2PB2B exchange with a full listing scheduled for May 12, the proceeds of which will be spent on the further development of the platform and to set up new plants. The total number of tokens is capped at 10,000,000,000, and individual tokens have been priced at $0.015. Every $1 million raised, will start the construction of a corresponding 1MW capacity renewable energy plant that will provide tokenized energy and carbon credits.

To find out more about Sinan Energy, visit https://www.sinanenergy.com/
To participate in the IDO go to: https://p2pb2b.com/ido/7/
To participate in the IEO go to: https://p2pb2b.com/token-sale/SET-403/

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Blockchain

GYM NETWORK: The Future of Investing

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Investments have always been a risky affair, and the biggest concern among most is which platform to go for. More so, the slightly reliable ones don’t offer high rewards, which in turn negates the whole point of investing. But that changes with GYM NETWORK, a Binance Smart Chain-based Decentralized protocol. It not just ensures security and transparency in transactions but offers high returns and exciting rewards on investment.

All about GYM NETWORK

If you ever search for a De-Fi project, there would be hundreds of results, but not all suit your requirements or are trustworthy. The number could be pegged at 3-5 if we are lenient in that regard. But the team behind GYM NETWORK has managed to eliminate all the previously encountered problems and design a platform that offers you the best.

GYM NETWORK handpicks the best investment options and presents these as vaults to investors along with the risk factor associated with each. These options (initially, it’s just Alpaca, but more are to be added in the coming days) offer high yields,. In addition to that, investors receive rewards in the form of $GYMNET, the native token on GYM NETWORK. Its total supply is capped at 4,000,000,000, and the tokenomics is designed to deliver both short-term and long-term rewards to users, apart from ensuring the development of the platform and its success.

It’s not that you have to invest regularly to earn big. There are various options offered to users by the GYM NETWORK to earn a passive income. Many who are not regular on the platform go with these.

Other than the affiliate system as discussed later, one of the easiest ways to earn a passive income is to go for Farming, which means adding your holdings to liquidity and earning regular income on it. This way, instead of lying around your wallet, the currently held tokens would help pocket additional rewards.

Also, those who hold on to their collection of $GYMNET receive rewards on buying and sell orders. 1% of every purchase order and 4% of every sell order is distributed amongst the token holders. It is raining rewards on GYM NETWORK and now is your chance to make a fortune.

Affiliate system to earn passive rewards

Users require a referral code to join the platform. And once they are a part of it, they use their own referral code to get others to join. The pyramid so formed helps everyone earn rewards when the user they invited invests into the vault. A part of both, the ALPACA and $GYMNET rewards, will be shared with the invitee. Also, the affiliate system works through a smart contract, which almost nullifies the delay in the execution, and eliminates the need for an intermediary, thus making it quicker and safer.

This gets even better! There are 16 levels to the referral system with the rewards increasing as a user progresses through the levels. When a user reaches Level 14 or above, they automatically start receiving a share of the overall profit and rewards generated throughout the GYM NETWORK, which is independent of their team structure. So get as many people to join and increase your passive income. Collecting rewards has never been any simpler!

Why should I buy the $GYMNET token?

As you know, $GYMNET is the native token on GYM NETWORK and will be used to reward investors, and those who hold on to their tokens will further receive benefits on every sale and purchase order.

Another critical aspect that encourages users to not just hold on, but also buy the $GYMNET token is the Voting Right. With this, they get to introduce proposals to further improve the system. This is based on the team’s idea that GYM NETWORK is a community-driven platform, and it will be the collective opinion of token holders that will decide the path to be treaded in the future. Remember, the weightage of votes will depend on the number of tokens held by a user. So if you want to be a decisive factor, invest more to earn $GYMNET in the form of rewards, and also buy the token directly on exchanges.

Then comes the protection tools that are designed to prevent a sudden fall in the value of $GYMNET. No user can sell more than 50% of their token holdings in a single day. Also, it would be ensured that no one can hold more than 3% of the total supply of tokens in a wallet. Besides, there is bot protection in place that automatically identifies suspicious activities.

Another reason why the value of $GYMNET will see an incline is the Buy-Back and Burn program. When the tokens are burnt, the total number in circulation decreases, thus increasing the individual value of tokens left. You can check the total number of tokens burned to date on the official website.

So, if you had been looking for the right De-Fi platform to invest, GYM NETWORK will prove to be one of the safest and most transparent ones.

To find out more about the platform, visit the official website: https://www.gymnetwork.io/

Also, follow them on all social media platforms to stay updated with the day-to-day developments.

Twitter: https://twitter.com/GymNet_Official
Telegram: https://t.me/gymnetworkofficial

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Blockchain

My Crypto on ICONFi: Check exchange wallets at once

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My Crypto service has launched on ICONFi, the hybrid Crypto savings and staking platform providing the highest compound yield rates on crypto savings. My Crypto allows users to add the API from crypto exchanges like Binance and Coinbase, supporting the users to check their balances at once. Easy and convenient.

A crypto user would need to use different crypto exchanges simply because exchanges have listed different kinds of coins and tokens. There’s a good chance many crypto Hodlers and traders would be struggling to check the balances of the exchanges they are using. This already sounds super bothering, and it is painful to multi-task through exchange apps to check the balances. My Crypto provided a solution to this problem.

With My Crypto service, ICONFi users can see the balances of different coins and tokens on different exchanges, making the crypto asset management super simple. And as this is Read-only API, the ICONFi app only shows the balance data while not having access to actual crypto assets. It would be also interesting to compare the ROI from the direct trading with ICONFi’s Fixed savings compound interest rates.

ICONFi’s Growth Lead Steve Cho said, “My Crypto service is expected to address the issue of dealing with many different exchange wallets. It also shows the total value of users’ crypto assets in BTC, making it easier to see how much crypto assets they have in exchange wallets and ICONFi wallets altogether.” And he added, “Many ICONFi users put their BTC, ETH, USDT, and USDC on ICONFi Flexible account so that they can receive the basic interest rates, because it has no lockup period (withdrawal takes up to 24 hours though) while giving up to 3.5% compound interests, which is normally higher than other platforms’ Fixed savings with lockup periods. People always want to get the maximum profits out of their actions and ICONFi users just know this is the best option they can have without taking risks of lockup period because the crypto market shifts a lot. They know that if they sit their coins on exchange wallets, in fact they are losing value while taking the opportunity costs.”

ICONFi’s CEO Sean Kim said, “The vision of ICONFi is Make Crypto Simple – we want to provide easy and convenient crypto finance services to the entire crypto users.” He added that “ICONFi is officially giving out the highest compound interest rates on BTC (without considering platform tokens) in the market and it is the only Crypto savings platform giving its users Fixed rates. All other platforms cut down the rates if users put more crypto, which sounds super absurd. Users deserve more yields if they put in more assets. We want to support any crypto user to get the most value out of their Bitcoin in an easy, simple, and convenient manner.” Sean Kim has 11+ years’ experience in financial service consulting at PwC and Ernst & Young and expertise in financial system, derivatives, and investments. He also has been a financial engineer and mathematician.

ICONFi is a Hybrid platform providing both Crypto Fixed savings and Crypto Staking services. ICONFi provides the familiar ID and Passwords system while providing compound interests on Crypto savings and Auto-Staking features, positioning itself as an alternative to direct crypto trading. The website www.icon-fi.com has the interest calculator to see the details and expected interests on ICONFi savings accounts – it is always harmless to have more options, and ICONFi would be a good alternative if anyone understands the benefit of the compound interest system.

With the launch of My Crypto service, ICONFi announced a whopping 10 million USD worth of Fixed Savings events where users can receive the MAX interest rates for 28 days until the total event savings amount hits $10M. Check out the details from the ICONFi Medium Blog.

Check out more about ICONFi:

Website: https://www.icon-fi.com
Medium: https://medium.com/iconfi
Twitter: https://twitter.com/ICONFiWorld
Discord Community: https://discord.gg/YdWsjaW8Eh

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