Blockchain

Bancor Smart Tokens Provide Solution to The Issue of Liquidity

Published

8 years ago

May 5, 2017

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

Blockchain

Babylon Labs Collaborates with Fiamma to Build Trust-Minimized Bitcoin Bridges

Published

1 day ago

January 11, 2025

Bryan Fischer

Fiamma, a pioneer in BitVM2 technology, has secured strategic investment from Babylon Labs to advance the shared vision of a Bitcoin-secured decentralized world. The initiative focuses on developing the software solution for the first Trust-Minimized Bitcoin Bridges to cosmos chains in the ecosystem. These bridges achieve unparalleled security by pioneering the integration of zero-knowledge technology into Bitcoin through the innovative BitVM2 paradigm. This effort aims to unlock the untapped potential of 21M BTC, enabling Bitcoin to transcend its traditional limitations and interact seamlessly with other ecosystems.

This integration is more than just a bridge—it’s a step toward redefining Bitcoin’s utility and efficiency within the digital economy. By enabling innovative solutions built on Bitcoin’s inherent strengths, the collaboration sets the stage for breakthroughs that will reshape how Bitcoin is utilized across programmable blockchains and beyond.

Fiamma: BitVM2 Pioneer

In November 2024, Fiamma launched the alpha testnet for Fiamma Bridge, the first BitVM2-powered trust-minimized Bitcoin bridge, along with the devnet for Bitcoin’s first ZK verification layer utilizing BitVM2. These groundbreaking innovations mark the first implementations of BitVM2, a technology that not only scales Bitcoin but also enables seamless, pragmatically trustless interactions with other programmable blockchains.

Fiamma has pioneered the development and implementation of the most efficient and compact verifiers in Bitcoin Script, including Fflonk and Groth16, setting a new standard for optimized ZK verification. This achievement lays the foundation for future advancements in ZK technology, with a commitment to further innovation and refinement.

Babylon Protocol: The Leading Trustless Bitcoin Staking Solution

Babylon Labs, which develops software solutions enabling new native use cases for Bitcoin, including Bitcoin’s largest staking protocol with over 57,000 BTC staked through it (equivalent to $6 billion in TVL), is helping transform the perception about Bitcoin’s utility through this novel trustless staking technology that allows Bitcoin holders to mobilize their BTC to secure other proof-of-stake systems while receiving additional programmatic rewards.

Key Milestones in the Integration

After months of technical discussions and collaboration, the two teams have outlined two key milestones for their integration:

Trust-Minimized Bridge: A transformative solution that activates BTC’s asset potential, providing holders with more options and trustless participation in DeFi, PayFi, and other use cases on any chain without security concerns.
Future Innovations Beyond the Bridge: Building on the foundation of the Trust-Minimized Bridge, the integration is designed to pave the way for advanced solutions that enhance Bitcoin’s utility and capital efficiency, unlocking its role in the broader financial and decentralized landscape.

The integration will initially focus on developing the Trust-Minimized Bridge, combining the strengths of both parties to create high-impact, high-quality solutions that set a new standard for Bitcoin-based interoperability.

Trust-Minimized BTC Bridge

Based on the BitVM2 paper, the definition of “Trust-Minimized” is the existence of one active rational operator and rational challengers.

This means that:

As long as there is 1 honest challenger, the safety of the Bridge is established;
As long as there is 1 honest operator, the liveness of the Bridge is established.

Based on this trust assumption, Fiamma and Babylon Labs are working together to research and develop software for a Trust-minimized bridge by ensuring users retain custody of their assets, with the following parameters:

Peg-In (Deposit) Safety: If the B-BTC is minted on Babylon chain, then the same amount of BTC has been locked on the Bitcoin network
Peg-In Liveness: If the user has locked some amount of BTC on the Bitcoin network following the bridge protocol, then the user can self-mint the same amount of B-BTC on Babylon chain within a finite known time bound.
Peg-Out (Withdraw) Safety: If the BTC is unlocked on Bitcoin, then the same amount of B-BTC has been burnt on the Babylon chain
Peg-Out Liveness: If the user has burnt some amount of B-BTC on Babylon chain following the bridge protocol, then the user can unlock the same amount of BTC on the Bitcoin network within a finite known time bound.

The system leverages the following key components to ensure the above security properties.

Sidechain Modules:

On-Chain Bitcoin Light Client
Bridge Contract
Wrapped BTC Contract

Bitcoin Modules:

ZK Light Client Networks (Bitcoin & Sidechain)
BitVM2-based Snark Verification on Bitcoin
BitVM2 Transaction Graph

Off-Chain Module:

Event Monitor
Relayer Network
Multi-Operators
Fungible Liquidity Provider
Permissionless Challenge
Proof Generation
Proof Aggregation

For detailed information on the bridge’s architecture and security, check out our docs and stay tuned for our upcoming blog series.

About Fiamma

Fiamma is unlocking real-world use cases for Bitcoin, transforming it into a dynamic asset and the foundation for a decentralized internet and financial system. Backed by Lightspeed Faction and L2IV, Fiamma leads innovation with the Fiamma Bridge and Fiamma Layer, the first products to implement BitVM2. These foundational technologies are just the beginning, as Fiamma continues to develop protocols that expand Bitcoin’s potential across programmable blockchains and real-world applications. With a growing network of strategic partners, including Babylon, BOB, Satlayer, and RiscZero, Fiamma is shaping the future of decentralized systems.

About Babylon Labs

Babylon Labs focuses on Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. The latest software development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling stakers to receive staking rewards without the need for third-party custody, bridge solutions, or wrapping services. The greater idea is to combine the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin’s utility.

Blockchain

Emperor DEX Announces its Launch on the 15th of January 2025

Published

3 days ago

January 9, 2025

Bryan Fischer

Emperor DEX is set to launch on the 15th of January 2025. Emperor DEX is a revolutionary decentralized exchange on Solana that sets new standards for transparency, functionality, and community rewards. Built by traders for traders, it’s more than just a platform—it’s a hub for advanced tools, real-time analytics, and a community-first approach. With Emperor DEX, the majority of profits flow back to the users through innovative tokenomics and $PEN rewards, redefining what a DeFi ecosystem can achieve.

Key Features:

Real-time trading tools: Solana Heatmaps, Whale Alerts, and Token Lifecycle Predictions.
Community-centric rewards: NFTs with fee discounts, reward boosts, and profit-sharing.
Low fees, advanced functionality, and unparalleled transparency to elevate your trading experience.

Recent Milestones

Core DEX features complete, beta demo live.
Developed NFT utility for fee discounts and rewards for locking in tokens.
Partnerships established with influencers and crypto communities.
Active community growth

About the Team:

Our team consists of blockchain pioneers with contributions to Cosmos, Hedera, Nexo, and Ethereum. With expertise in building arbitrage bots, trading algorithms, and DeFi platforms since 2018, we previously developed PokerStars’ first crypto casino, later acquired post-launch. Emperor is our first community-driven project, aimed at redefining DEX functionality.

Launch Details:

ICO Date: January 15th, 2025 https://linktr.ee/emperordex
CEX Listing: Planned for the end of January/beginning of February 2025. Mexc, Bitget, Gate.io and Bitmart.
TGE: Immediately after ICO.

Partners & Backers:

Strategic partnerships with Solana-focused communities, influencers, and advisory support from blockchain veterans tied to Binance, Nexo, and Hedera.

Launchpads:

Pinksale (confirmed)
Kommunitas (confirmed)
Additional platforms to be announced

Tokenomics:

Total Supply: 500M $PEN
ICO Price: $0.06
Community Rewards: 71%
Vesting: Designed for long-term stability.

Available Materials:

Whitepaper: https://wp.emperor.so/
Documents: https://docs.emperor.so/

Connect with us:
Telegram: https://t.me/emperordex
Twitter: https://x.com/Emperoronsol
Instagram: https://www.instagram.com/emperor.dex/
Linktree: https://linktr.ee/emperordex

Blockchain

AMBER Mining launches new cloud mining program for cryptocurrency enthusiasts to earn free Bitcoin

Published

6 days ago

January 6, 2025

Bryan Fischer

Amber Mining has emerged as a game-changer in the cloud mining industry with its announcement of FCA-regulated mining contracts. This significant development ensures that cryptocurrency investors can participate in mining with greater transparency and security, backed by the stringent oversight of the UK Financial Conduct Authority (FCA).

A Milestone in Cloud Mining

Amber Mining’s FCA compliance marks a pivotal shift in the cryptocurrency mining landscape. With this move, the platform addresses common industry concerns such as fraud and lack of accountability, creating a reliable space for investors to explore cryptocurrency mining.

Amber Mining CEO stated: “The introduction of FCA-regulated contracts underscores our commitment to protecting investors while driving innovation in the cryptocurrency mining space. We aim to set a new standard for security and trust in the industry.”

Features of Amber Mining

Amber Mining combines cutting-edge technology and strict compliance measures to offer unparalleled services to its users. Key features include:

Global Operations: Over 100 mining centers worldwide ensure extensive service coverage.
Advanced Hardware: Partnerships with manufacturers like Bitmain, Canaan, and Nvidia ensure efficient mining operations.
High Hashrate Management: The platform operates with over 10 EH/s capacity, delivering significant mining efficiency.
User-Friendly Design: The platform eliminates the need for users to manage hardware or software, making it ideal for both novice and experienced miners.
Expert Support: A dedicated team of blockchain engineers ensures smooth technical operations.
Consistent Earnings: Earnings are automatically credited every 24 hours for a stable income stream.

Getting Started with Amber Mining

Using the Amber Mining platform is straightforward:

Register on the Platform: Sign up in minutes and receive $12 immediately as a welcome bonus.
Choose a Mining Contract: Select from various tailored contracts based on your budget and goals. Contracts range in duration and profitability, catering to diverse investment strategies.
Start Profiting: Activate your chosen contract and let the system manage the mining process. Track your earnings through the platform’s intuitive dashboard and withdraw your profits as needed.

Amber Mining Contract Options

Below is a summary of the available contracts:

6 1 2025 2

Conclusion

Amber Mining’s FCA-regulated contracts set a new benchmark in the cloud mining industry. By offering transparency, regulatory assurance, and cutting-edge technology, the platform empowers investors to navigate the complexities of cryptocurrency mining confidently. With global reach, user-friendly operations, and consistent earnings, Amber Mining is poised to become a leading force in the cryptocurrency mining sector.

For more details, please visit https://ambermining.com

Blockchain

BCH Miner Launches Accessible Cloud Mining Solution for Crypto Enthusiasts

Published

2 weeks ago

December 28, 2024

Bryan Fischer

BCH Miner’s user-mode cloud mining platform enables you to mine multiple cryptocurrencies, not just Bitcoin. You get rewards in popular currencies like ETH, BCH, or LTC for the price of expensive hardware.

As the cryptocurrency landscape continues to grow, cloud mining has become a popular way for individuals to participate in cryptocurrency mining, consuming a large upfront cost. By using processing power from rental platforms such as BCH Miner, you can participate in Bitcoin mining and potentially receive daily rewards in a variety of cryptocurrencies. BCH Miner makes it incredibly easy to explore cryptocurrency mining and its cryptocurrency income potential with its free cloud mining plans.

What is cloud mining?

Cloud mining provides a convenient way to mine cryptocurrencies without the cost of expensive hardware and expertise. Users rent hashing power from data centers, contribute computing resources to verify blockchain transactions, and receive cryptocurrency rewards. It’s like owning a stake in a digital mine without the hassle of managing equipment or complex setup.

Start your BCH Miner mining journey: New user rewards and investment plans

Step 1: Choose a reliable cloud mining project

BCH Miner was founded in Newport, UK in 2016 and has been operating steadily for 8 years.

BCH Miner offers flexible plans, from short-term to long-term contracts, with different levels of hash power and potential rewards, supporting popular cryptocurrencies

Benefits

Sign up and get a $10 bonus instantly.
High profitability levels and daily payouts.
Affiliate program allows you to refer friends and get up to 5% bonus
Consumes additional service fees or management fees.
Offers 100% uptime guarantee and good 24/7 technical support.

Step 2: Choose your mining plan

Once you’ve chosen your platform, explore the different available mining plans. Consider your budget and risk tolerance when choosing. BCH Miner offers plans to suit a wide range of budgets, so you can find one that fits your needs.

Step 3: Start mining and earn rewards

Once you’ve chosen your plan, BCH Miner will take care of the technical aspects of mining. You don’t need to worry about hardware maintenance or managing complex software. Just sit back, relax, and potentially earn rewards for your chosen cryptocurrency.

Conclusion

Cloud mining with BCH Miner is a beginner-friendly way to explore the world of cryptocurrency and potentially generate passive income. With its free tier, flexible plans, and referral program, BCH Miner is an excellent platform to start your cryptocurrency journey!

For more information about BCH Miner, please visit its website: https://www.bchminer.com/

Blockchain

Inkan.link Debuts at CES 2025 with Revolutionary Anti-Fraud Solution as Business Email Compromise Reaches $5B Annual Loss

Published

2 weeks ago

December 27, 2024

Bryan Fischer

In its first-ever CES appearance, European deeptech pioneer Inkan.link unveils Sealfie, a groundbreaking solution to combat the escalating Business Email Compromise (BEC) crisis that costs businesses $5 billion annually. Forget complex security protocols – Sealfie turns a simple selfie into an unbreakable chain of evidence. Multiple attestations work silently in the background while executives simply snap and approve. If it’s not this easy, question why.

“When criminals can perfectly imitate your CEO’s voice and writing style for less than $400, traditional fraud prevention becomes obsolete,” explains Nicolas Thomas, Inkan.link’s founder and 25-year enterprise technology veteran. “Sealfie’s approach is revolutionary in its simplicity – if your CEO won’t take a selfie to approve a major transaction, they’re probably an impostor.”

The strategic partnership between Inkan.link and https://ShareID.ai/, announced at CES, marks a new era in business transaction security. By combining our technologies, we’ve created a seamless verification ecosystem where multiple expert teams work silently in the background while users enjoy a remarkably simple experience. When suspicious activity occurs, IT professionals from both companies spring into action – no user training required, just instant expert protection.

The fraud landscape has fundamentally changed: WormGPT now enables criminals to create flawless CEO impersonations for $100/month, rendering traditional security checks useless. Sealfie (https://sealf.ie/en) meets this challenge with state of the art protection wrapped in consumer-grade simplicity.

Accessible globally through major app stores, our solution deploys instantly and scales effortlessly. Organizations can start protecting their transactions immediately with our €95/month per user subscription, while enterprise clients benefit from customized solutions that complement existing processes.

“Traditional security training tells users what they did wrong. We empower IT professionals to actually help users prevent fraud before it happens.”

Visit Inkan.link Booth Venetian Expo, Hall G – 60711 for:

Live demonstrations of Sealfie technology
Enterprise integration consultations
Investement opportunity
Discover Sealfie and deepfake-proof your business finances

About Inkan.link

Inkan.link is a European deeptech pioneer that builds deepfake-proof digital services, with its first solution Sealfie protecting enterprises from Business Email Compromise epidemic. Nicolas Thomas and backed by the L3i Laboratory’s anti-fraud expertise, we’ve developed patented blockchain technology that makes legitimate transactions unquestionably authentic through multi-source verification.

Media Resources:
BEC Fraud Analysis: https://inkan.link/en/posts/blog-bec-5billions-annum-scam/
Case Studies: https://inkan.link/en/posts/blog-save-accountant-ryan/
UNO/ITU-T speech on AI for good: https://inkan.link/en/posts/news-itu-t-workshop-securing-ai/
VIPRE’s Email Threat Trends Report: Q3 2024: https://vipre.com/resources/q3-2024-email-threat-report/
BEC is the new weapon of choice https://www.darkreading.com/cloud-security/business-email-compromise-bec-impersonation-the-weapon-of-choice-of-cybercriminals

Blockchain

Zeko Boom Testnet Contest Launches: Driving User Growth Ahead of Mainnet

Published

4 weeks ago

December 18, 2024

Bryan Fischer

Zeko Labs (https://zeko.io/) is thrilled to announce the kickoff of the Zeko Boom Testnet Contest, an unprecedented event designed to turbocharge user engagement and growth as we sprint towards Zeko protocol mainnet launch in early 2025. Participants will have the chance to earn substantial points, validation and more, while stress-testing a platform that promises to redefine computational efficiency and privacy in the blockchain space.

Get Started Booming, the Zeko Way

Whether you’re a seasoned degen or an enterprise looking to dip your toes into zero-knowledge tech, there’s a place for you in Zeko Boom! Earn bonus points for your wallet by completing step #1 before the official contest start date.

Prepare: Download the Auro wallet browser extension (https://www.aurowallet.com/), Install Zeko testnet (https://docs.zeko.io/for_end_users), and Faucet your account (https://zeko.io/faucet)
Engage: Complete quests, use Zeko testnet, explore features, deploy dApps & bootstrap adoption, provide feedback to shape the future of the protocol.
Compete: Accumulate points and climb the leaderboard to claim your rewards.

Zeko is the Solution

The Zeko Boom Testnet Contest sets the stage for the much-anticipated Zeko mainnet launch. The Zeko zero-knowledge blockchain protocol allows enterprises and developers to build and scale their new Web3 business in a modular manner, keeping certain aspects private while allowing compliant access to the global blockchain market. Zeko is the operating system enabling unlimited off-chain client-side compute and appchain rollups that support hyperscaling, data privacy, permissioned architecture and KYC.

Enterprises only need to submit a proof that their off-chain computation is correct, and this can be verified by any other network actor without revealing sensitive underlying information. On-chain contracts are written in typescript, a widely known and secure enterprise programming language, and cryptography is done with a simple API.

In today’s culture of eroding public trust, Zeko’s zero-knowledge technology is the foundation of the next-generation internet, paving the way for Connecting Web3 to the World.

Stay up to date by following @ZekoLabs and @ZekoProtocol on X and visit our website at https://zeko.io/ to get involved.

Blockchain

Graphite Network Launches Next-Gen Blockchain With Passive Income for Node Operators and Trust-Based Security

Published

1 month ago

December 12, 2024

Bryan Fischer

Graphite Network has introduced a next-generation Proof-of-Authority (PoA) blockchain utilizing the Polymer 2.0 algorithm that converges traditional finance (TradFi) with the capabilities of Web3. Its unique features like income generation through Entry-Point Nodes—an industry first—along with a reputation-based scoring system and a secure, multi-layered KYC process enhance both user trust and active participation in the blockchain ecosystem.

Income from Entry-Point Nodes

Unlike other blockchains, where revenue typically relies on tokens or external monetization, Graphite enables entry-point (transport) node operators to earn passive income directly from transaction fees routed through their nodes.

By running a node, operators contribute to the network’s activity and earn 50% of the fees from transactions passing through their nodes, with the remaining 50% going to the block sealer. This means that enterprises, startups, and developers can now generate passive income from the network without taking on large-scale validator roles, lowering barriers to blockchain integration.

Enhanced Trust and Privacy Through Reputation-Based System

Graphite’s blockchain is designed around a reputation-based architecture, providing users with a secure and trustworthy environment that respects both privacy and transparency.

“For many people, crypto still feels uncertain—there’s a lack of trust, fears of financial loss, and concerns about scams,” said Marko Ratkovic, the CTO at Graphite Network. “While this is a complex problem, Graphite marks a huge step forward in blockchain evolution by merging blockchain technology with a trust-based, inclusive financial model that enables both TradFi and Web3 users to participate securely.”

To support this model, Graphite has introduced the ‘One User, One Account’ policy, requiring users to activate their accounts with a small setup fee. This measure helps to prevent the creation of numerous disposable wallets often used for suspicious transactions.

Among other reputation-centric features, Graphite will implement a multi-tiered KYC framework, initially offering social media authentication as the first level, with additional verification levels planned for a later release. All interactions with the respective KYC center are conducted off-chain, meaning private data remains secure while still meeting transparency requirements.

Each user’s reputation is represented by the Trust Score, which is influenced by a set of parameters, including the KYC verification level. These metrics collectively help identify and filter out transient or fraudulent activities by a user or an entity in order to support secure, reputation-based interactions across the blockchain.

Graphite will also allow businesses to develop their own customized, reputation-based smart contracts to tailor services to specific user criteria. For instance, a bank could create a unique smart contract to offer loans only to individuals who meet predefined reputation standards, such as creditworthiness or account longevity, in line with the bank’s regulatory and business requirements. In this way, Graphite can serve as a blockchain for bank compliance as its functionality and potential far exceed those of other blockchains.

Additionally, users will have the flexibility to set transaction filters based on KYC levels, enabling them to block interactions with accounts that don’t meet their preferred verification standards. Targeted jurisdictional filtering options are also in the pipeline to provide additional flexibility for businesses facing regional regulatory constraints.

Graphite is committed to maintaining privacy and reasonable anonymity—core values for most blockchain users. The Graphite Trust Score is stored on-chain while private user data remains off-chain. In this way, Graphite’s data requirements are far less intrusive than those required by traditional financial institutions, which often lead to user data being leveraged for sales purposes. In contrast, Graphite is implementing a Zero Knowledge Proof (ZKP)-based KYC system to verify information without accessing or sharing private data.

High-Performance Transactions and Seamless Integration for Mass Adoption

Geared towards mass adoption, Graphite’s transaction model offers both speed and scalability, processing up to 1,400 transactions per second (TPS) with confirmation times under 10 seconds to support high-volume usage. This far outpaces Ethereum’s 15-20 TPS.

Due to its high TPS capacity, Graphite’s network fees are predictable and stay close to the minimum, allowing users to plan their expenses with confidence.

Meanwhile, compatibility with the Ethereum Virtual Machine (EVM) enables seamless integration of existing Solidity smart contracts, allowing developers to migrate applications to Graphite easily and benefit from its PoA efficiency.

About Graphite Network

Graphite Network is a PoA Polymer 2.0 blockchain platform designed to bring the advantages of TradFi into the Web3 world. Built with a focus on sustainability and reputation, Graphite combines transparency, efficiency, and privacy to create a secure ecosystem for users and developers. The Graphite ecosystem offers Graphite Wallet for feature access and KYC, Graphite Bridge for cross-network interoperability, and Graphite Explorer for real-time blockchain data analysis. Developers also benefit from comprehensive API Documentation for easy application integration and a Faucet for Testnet Funds to support experimentation.

Website: https://atgraphite.com/
X: https://x.com/GraphiteNetwork

Blockchain

$500M of Global PayFi Transaction Scales with Credible and Plume

Published

1 month ago

December 7, 2024

Bryan Fischer

Plume Network is proud to partner with Credible Finance, a full-stack payment financing platform within the Plume ecosystem, as they gear up to process $500 million in payment transactions by December 2025. Leveraging Plume’s modular RWAfi L1 blockchain infrastructure, Credible is a full-stack PayFi protocol that combines stablecoins, debt tokenization, and advanced AI-driven credit scoring. They are backed by prominent investors such as Outlier Ventures, BitSwiss Capital, and Circle, Credible is at the forefront of transforming decentralized finance. As they continue to innovate and expand, Credible is also actively raising their seed round, further strengthening their foundation for global impact.

As a strategic partner, Plume is deeply integrated within Credible’s infrastructure. From empowering their native credit scoring mechanisms to supporting their validator oracle network and incorporating their yield-generating products across Nest and various Plume-based lending protocols, this partnership is a cornerstone of Plume’s commitment to decentralized finance innovation.

Credible’s full-stack platform is designed to address the complexities of payment financing with a comprehensive approach:

DeFi for Collateral Management: Ensures full transparency in collateral handling, preventing issues similar to those seen with Celsius and BlockFi. This secures borrower assets while maintaining trust and accountability.
Licensed Framework: Operates in compliance with payment, lending, and crypto regulations, tailored to fit the needs of borrowers and the jurisdictions they operate in.
Fintech App: A seamless platform enabling fiat borrowing and repayment for end-users. Additionally, Credible provides an SDK for fintech developers to build custom solutions on top of their infrastructure.
Oracle AI for Reputation Building: Aiming to transition from overcollateralized to undercollateralized and eventually no-collateral loans, Credible’s AI-powered Oracle integrates a credit scoring model akin to FICO. This system builds on-chain reputations for borrowers by assessing wallet activity across DeFi platforms.

Transforming PayFi with Decentralized Innovation

Credible Finance’s PayFi solutions span invoice payments, payroll, card top-ups, and BNPL offerings for retail and institutional users alike. These services, built on Plume’s robust blockchain foundation, are designed to deliver a seamless and secure transactional experience.

Credible Finance is building an advanced oracle stack designed to revolutionize on-chain credit scoring and reputation systems. This AI-powered oracle leverages a credit scoring model akin to FICO, aggregating wallet and transactional data across DeFi platforms, including those outside Credible Finance, to create transparent, unbiased credit assessments. With a long-term vision of transitioning from overcollateralized to undercollateralized and eventually no-collateral loans, this system enables borrowers to establish robust on-chain reputations. Governed by a coalition of partners like Credora, Brickken, DeFactor, and BitSwiss Capital, Credible’s oracle stack exemplifies innovation in secure, scalable DeFi infrastructure.

Supporting the Next Frontier of DeFi-Powered Financing

Plume is collaborating with Credible Finance to advance their long-term vision of decentralized, AI-driven credit solutions. By integrating Credible’s products across Nest, Plume is enabling smooth participation in yield-generating opportunities and enhancing accessibility to under-collateralized and no-collateral loans.

“Credible is setting a gold standard for what PayFi can achieve in the decentralized finance space,” said Chris Yin, CEO of Plume Network. “Their success is a testament to the robustness of Plume’s RWAfi infrastructure to drive transformative solutions that are global, scalable, and user-centric.”

A Shared Vision for Global Impact

Credible has facilitated $6 million in USDC loans over the past three months since its private launch, showcasing strong early adoption and operational efficiency. These transactions, executed on a live network, underscore Credible’s ability to deliver impactful and scalable financial solutions. Operating out of Abu Dhabi, Credible is actively expanding its presence in key markets, including Singapore, India, Brazil, and the Philippines, positioning itself for significant growth and success as it prepares for its mainnet launch.

Looking Ahead: A Future of Decentralized and Transparent Financial Services

Plume’s collaboration with Credible underscores its commitment to supporting innovative DeFi solutions that enable liquidity, efficiency, and trust at scale. With a target of $500 million in transactions by 2025, Credible is not only a testament to the transformative potential of PayFi but also a beacon of what’s possible when visionary platforms like Plume and Credible come together to reshape global financial systems.

About Credible

Credible Finance is a full-stack payment financing platform that offers invoice payments, payroll, card top-ups, and Buy Now Pay Later (BNPL) solutions. Serving both institutional and retail users, the platform provides businesses with access to liquidity without needing to liquidate their crypto holdings. With a focus on AI-driven credit scoring, stablecoin lending, and debt tokenization, Credible Finance is building a decentralized financial infrastructure that is secure, efficient, and fully compliant with global regulatory standards. For more information, visit www.credible.finance or follow https://x.com/crediblefin

About Plume

Plume is the first fully integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs. Learn more at https://www.plumenetwork.xyz/

Blockchain

Matchain reaches 100 million transactions in record time

Published

1 month ago

November 30, 2024

Bryan Fischer

Matchain, the pioneering AI blockchain built on BNB Chain, has achieved a remarkable milestone of 100 million+ transactions just three months after its mainnet launch, demonstrating unprecedented growth in blockchain adoption and utility.

Record-breaking growth

This achievement showcases Matchain’s powerful infrastructure and growing ecosystem:

16 million+ Total Unique Active Wallets (UAW)
Ranked among Top 5 blockchains on DappRadar by UAW
Partnerships with 60+ innovative projects
12 million+ Telegram community members

Driving mass adoption through strategic partnerships

Matchain’s growth has been driven by key partnerships across multiple sectors. These partnerships show how the platform brings Web3 technology to new users through real-world applications.

Paris Saint-Germain (PSG)

Matchain’s partnership with PSG as their Exclusive Digital Identity Partner connects Web3 technology with over 150 million football fans worldwide. The establishment of a Joint Innovation Studio is developing innovative Web3 experiences that transform how fans interact with their favorite team.

The partnership provides fans with unprecedented control over their digital interactions while giving Matchain prominent exposure through stadium advertising, exclusive content creation opportunities, and access to PSG’s influential social media presence.

Dmail Network

The integration with Dmail showcases Matchain’s ability to drive adoption. By establishing itself as Dmail’s third-largest chain and driving approximately 20% of their overall traffic, Matchain has outperformed established industry leaders including Base, Solana, Ethereum, and Arbitrum.

This success demonstrates how Matchain can significantly boost adoption rates for decentralized applications while providing user-friendly experiences.

Gaming sector

Gaming partnerships highlight Matchain’s capability to handle high-volume transactions at scale. Leading projects like LOL have achieved remarkable success on the platform, drawing over 2 million active users and processing over 24 million transactions in just 30 days.

This performance has earned LOL the #1 rank by UAW for blockchain games on DappRadar, proving that Matchain’s infrastructure can support intensive gaming applications while maintaining optimal performance and user engagement.

Recognition by BNB Chain

Further validating Matchain’s innovative approach, BNB Chain has selected Matchain for its prestigious Most Valuable Builder (MVB) Program Season 8. The program, backed by BNB Chain Innovation, Binance Labs, and CoinMarketCap Labs, provides comprehensive support to accelerate Matchain’s development of AI-powered identity solutions. This strategic backing will enhance Matchain’s platform capabilities while supporting its rapid ecosystem expansion.

Looking Forward

Matchain is aggressively expanding its ecosystem in 2025 through several key initiatives:

Launching enhanced developer tools and SDKs to accelerate project integration
Extending reach across additional sectors through new strategic partnerships
Transforming user interaction through innovative AI-powered features
Enabling seamless transactions with expanded cross-chain capabilities
And many more exciting initiatives!

About Matchain

Matchain is a blockchain platform that offers advanced AI-driven decentralized identity solutions. It ensures privacy, security, and control over personal data, allowing users to own and monetize their digital information within a secure ecosystem.

Blockchain

Compliance Meets Scalability: Plume Integrates ERC-3643 for RWA Solutions

Published

2 months ago

November 23, 2024

Bryan Fischer

Plume, a modular and composable layer-1 blockchain network purpose-built for real world asset finance (RWAfi), has joined the ERC-3643 Association. This strategic move brings the ERC-3643 standard, widely regarded as the benchmark for compliant RWA tokenization, to the Plume ecosystem. As institutions increasingly embrace tokenized assets, the integration positions Plume as an enabler of scalable, regulation-ready infrastructure for RWA tokenization across diverse industries.

Expanding ERC-3643 to Modular Blockchain Networks

ERC-3643, also known as the Token for Regulated Exchanges (T-REX) standard, has been pivotal in setting compliance benchmarks for tokenized assets. Its unique framework integrates permissioned tokens and decentralized identity (DID), enabling regulatory adherence directly on chain. With adoption by financial institutions like Citi and ABN AMRO, ERC-3643 has proven its value in tokenizing regulated assets, including green bonds, debt, real estate, funds, and private equity.

Plume Network will integrate the ERC-3643 token standard into its modular L1 blockchain framework, introducing a universal and proven standard to its ecosystem. This move aims to accelerate compliant tokenization of RWAfi, bringing greater transparency, security, and regulatory adherence to blockchain-based asset management. This integration addresses growing institutional demand for tokenization solutions that combine compliance with high throughput and interoperability.

Chris Yin, CEO of Plume, commented on the announcement: “ERC-3643 offers a robust framework for institutions to tokenize real world assets without compromising compliance. By integrating it into Plume’s modular architecture, we’re not just adopting a standard—we’re expanding its utility to support the scalability and flexibility required for modern financial systems.”

Institutional-Grade Solutions for RWAfi

Plume’s modular infrastructure is designed to meet the operational requirements of regulated asset tokenization, such as scalability, compliance, and secure data handling. The integration of ERC-3643 enhances Plume’s ability to meet institutional requirements, further advancing its vision of creating a unified RWAfi ecosystem.

Dennis O’Connell, President of the ERC-3643 Association, commented: “We are thrilled to welcome Plume to the ERC3643 Association. Plume’s ambitious plans to tokenize over $1.25 billion in real-world assets underscores its commitment to lead tokenization. By adopting the ERC-3643 standard, Plume is taking an important step toward ensuring that these tokenized assets are not only compliant but also accessible, tradable, and interoperable across ecosystems. A universal standard is the only way we can achieve a truly open financial ecosystem, empowering investors with the freedom to access, trade, and utilize their assets anywhere.”

Expanding Tokenization Standards Across Ecosystems

Plume’s integration of ERC-3643 gives financial institutions and developers with a reliable framework for tokenizing assets that prioritizes compliance. The standard embeds identity verification and permissioning directly into tokens, simplifying regulatory alignment and reducing operational overhead.

Key benefits of this integration include:

Multi-Chain Functionality: ERC-3643 enables tokenized assets to switch seamlessly across EVM-compatible networks.
Regulatory Confidence: Compliance is built directly into token architecture, reducing the burden on developers and institutions.
Unlocking New Use Cases: Developers can explore applications like tokenized securities, real estate, and commodities with streamlined deployment.
Scalable Solutions: Plume’s modular infrastructure supports high throughput and efficient asset management, critical for scaling RWA solutions.

This collaboration strengthens the foundation for interoperable tokenization ecosystems, addressing a growing demand for scalable and compliant blockchain solutions in regulated markets.

For details about the ERC-3643 Association, visit erc3643.org.

About ERC-3643 Association

The ERC3643 Association is a non-profit organization uniting industry leaders to promote the adoption of the ERC-3643 standard and develop a standardized, secure, and compliant tokenization framework. By fostering collaboration and innovation, the association seeks to create a more inclusive, efficient, and secure financial landscape.