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Binance Launches $1 Billion Binance Smart Chain (BSC) Fund to Increase Global Crypto Users to 1 Billion

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Binance, the world’s leading blockchain ecosystem and cryptocurrency platform, has launched a $1 billion Crypto Mass Adoption Fund for Binance Smart Chain, to accelerate adoption of digital assets and blockchain technology.

“BSC’s growth has attracted over 100 million users with its initial funding of $100 million,” said Binance CEO ‘CZ’ Changpeng Zhao. “With the additional contribution of $1 billion, BSC will be better equipped to disrupt traditional finance and accelerate global mass adoption of digital assets to become the first-ever blockchains ecosystem with 1 billion users.”

The $1 billion fund will be divided across four key initiatives: Investments, Builder Program, Talent development, and Liquidity Incentives.

To accelerate mainstream adoption of decentralized financial infrastructures, a total of $500 million will be reserved for investments. This fund will be utilized to grow decentralized computing, gaming, metaverse, virtual reality, artificial intelligence and blockchain-based financial services. The remaining $500M will be divided amongst Builder Program ($300M), Liquidity Incentives ($100M), and Talent Development ($100M).

“The thriving blockchain startup ecosystem has encouraged us to invest our time, efforts and resources in helping companies build from the ground up. With the $1 billion initiative, our focus will be widened to building cross-chain and multi-chain infrastructures integrated with different types of blockchains. We’re gearing up to bolster the adoption of crypto and blockchain to accelerate its growth globally,” said Gwendolyn Regina, Investment Director, BSC Accelerator Fund.

Under the $1 billion fund, BSC’s mentoring committee will help developer communities across the globe reach new audiences, provide academic scholarships to institutions, and support research and development in emerging technologies. A total of 100 innovative dApps/infra building on top of BSC will receive mentoring from top VCs along with funding opportunities. In addition to this, the BSC community will run regional and global hackathons, joint bug bounty programs, and developer conferences.

With concentrated focus on blockchain-rich regions such as Russia, India, South East Asia, Europe, United States and South America, the BSC community will lead the growth of BSC regionally. The BSC core community will work closely with leading fintech companies, crypto advisors, blockchain researchers and influential people across the globe to spread the vision of financial inclusion and sovereignty.

About Binance Smart Chain

Binance Smart Chain (BSC) is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed for lightning transaction speeds and low transaction fees while adding Smart Contracts functionality for dApps – BSC tops in infrastructure performance as the biggest DeFi blockchain with 100M+ users.

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Xinhua Silk Road: 2021 Annual conference of Financial Street Forum to kick off in Beijing on Wed

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The 2021 Annual Conference of Financial Street Forum is set to open on Wednesday in Beijing, the organizer said at a press conference. The three-day event with the theme of “economic resilience and financial actions” will highlight more diverse topics, while more overseas participants are expected compared with last year. It will include five parallel forums in which participants can exchange ideas on real economy and financial services, green development and financial contribution, the opening-up of the financial sector and global financial cooperation, financial technology (fintech) and digital economy, and governance system and financial security.

Nearly 400 participants from home and abroad will focus on discussing hit topics such as ‘dual circulation’ development paradigm. It is noted that the forum has attracted over 140 foreign participants, a year-on-year increase of 130 percent, from 32 countries and regions. Most forums concerning global issues will feature keynote speeches from foreign experts.

Besides, special activities such as expo on digital RMB and fintech regulatory tools will also be held during the forum.

Founded in 2012, the forum is jointly organized by the People’s Government of Beijing Municipality, the People’s Bank of China (PBOC), Xinhua News Agency, China Banking and Insurance Regulatory Commission (CBIRC), China Securities Regulatory Commission (CSRC), and State Administration of Foreign Exchange (SAFE), hailed as a bellwether of China’s financial reform and development.

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BIT Mining Increases Investment in Ohio Cryptocurrency Mining Site

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BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency mining company, today announced that it has strengthened its collaboration with Viking Data Centers, LLC (“Viking Data Centers”). The Company will increase its investment in the Ohio cryptocurrency mining data center (the “Ohio Mining Site”), which is being jointly developed with Viking Data Centers, to add up to 65 megawatts (“MW”) of power capacity in addition to the 85MW per the original design, bringing the Ohio Mining Site’s total planned power capacity up to 150MW.

As previously announced, the Company entered into an agreement with Viking Data Centers on September 22, 2021 to jointly develop the Ohio Mining Site. BIT Mining decided to strengthen its collaboration with Viking Data Centers and increase the Ohio Mining Site’s size and total power capacity based on the Company’s assessment of the current business and regulatory environment, as well as the strength of the Ohio Mining Site development team and the project’s anticipated cost efficiency. The Ohio Mining Site is planned to be completed by March 2022.

BIT Mining will increase its investment by approximately US$11.0 million (the “Increased Investment”), US$9.8 million of which will be paid in cash and the remaining US$1.2 million, payable to Viking Data Centers will be settled either in cash, or in the form of Class A ordinary shares, par value US$0.00005 per share of the Company, at the Company’s discretion. Upon the successful execution of the Increased Investment, the Company’s equity interest in the Ohio Mining Site will be increased to 55%, and Viking Data Centers will hold the remaining 45%. The Increased Investment will fund the buildout of the 65MW of additional power capacity. This will be developed in two phases, with 25MW in the first phase and 40MW in the second. The parties currently expect to reach these power capacity milestones by February 15, 2022 and March 31, 2022, respectively.

The transactions contemplated by the Increased Investment are subject to customary closing conditions.

The Company intends to devote more resources to developing the Ohio Mining Site, in light of its better cost control and operational efficiency. The Company has also terminated its Texas cryptocurrency mining data center cooperation with Dory Creek, LLC, and will limit power capacity at its Kazakhstan cryptocurrency mining data center to 40MW, to optimize the cost-effectiveness of its data center deployment. Upon completion of the cryptocurrency mining data centers in Ohio and Kazakhstan, BIT Mining expects that, by March 2022, its cryptocurrency mining machines will have access to a total power capacity of up to 190MW.

“The progress made to date with our global expansion strategy has been very encouraging,” commented Mr. Xianfeng Yang, CEO of BIT Mining. “Our multi-site approach and geographic diversification has provided us with greater flexibility to shift resources and capitalize on regions with more favorable market dynamics, and over time, generate greater returns for stakeholders. We will continue to execute on our plan, investing in technology, innovation and high-quality mining resources around the world, while building a strong foundation across the cryptocurrency ecosystem.”

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Metaverse Thailand, The first chapter of the secondary world

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14th October 2021, Bangkok, Thailand – ‘Metaverse Thailand’ launched the new Decentraland where you can buy it in the virtual world. Own land in the Ekamai area , for only a few dollars (BUSD), buy land from a real map in the heart of Bangkok, Thailand!

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This platform itself often highlights the main feature is ‘Play to Earn’ or playing and earning money back, that coveraging many points to keep an eyes on.

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  1. Decentralization
  2. The use of blockchain in asset management is now land trading.
  3. The use of Self-governing Digital ID
  4. Using cryptocurrency instead of  fiat currency
  5. The use of NFT
  6. The use of spatial from the real Thailand map

Through the project piloted by land in the Ekamai area for us to choose from. The development team said this platform has given us a layer 2 world (compare the real world to Layer 1), which the Layer 2 itself, at this time, still has enough space left to occupy at the moment. But in the future, it’s not certain. and one day it may become a Golden location. The value has soared several folds. ‘Demand-supply’ like real-world land is possible.

In terms of credibility, ‘Metaverse Thailand’ is one of the projects of ‘A-Plus Fintech Pte. LTD. marketed by a Singapore company. Those interested in Metaverse Thailand can join in on the fun using coin BUSD or MVP Coin to buy the virtual land and build your own way.

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The development team stated that in the future it will be developed to be able to ‘Can put the building on the land’ or is it to enter the details Like putting a link that connects to our storefront in the real world, which is also under development. Including there will be a Creator system open to designers to design various buildings. This may be done in conjunction with universities or other places in the future to promote careers for Thai people as well. Or, as the development team gave as an example, it may be connected to a ‘Virtual office’ like Gather.town to meet the needs of today’s Work from home. At present, it opens into the ‘Metaverse’, a second world that is parallel to the real world. And buying land in ‘Metaverse Thailand’ would be just the beginning.

That said, it’s just a preliminary, the developer has outlined above. In the future, the development team still has a lot of space for further development. by simply having the basis of ‘Purchasing land’ in the Blockchain world only, it would be good, right? If we have started to buy early. before the price soared and more is needed!

The land will be sold in small ‘blocks’, 40×40 meters per block, with prices starting at 3 BUSD per block or 300 MVP Coin (+ a small amount of gas in BNB), with purchases ranging from 1-100 blocks per transaction or starting around 3 dollars only and will be open for sale in 3 rounds per day at 12.00 pm. / 05.00 pm./ 09.00 pm.(GMT+7),Bangkok Time.

Available only 15 minutes each round

It operates on the Binance Smart Chain (BSC) blockchain. Trading is an NFT feature where transaction details can be viewed from BscScan after purchase. that land will connect to our Wallet (you can use a wallet that supports BSC like MetaMask) as well as connect to our “Facebook” to show your friends as well.

Core Project to keep an eyes on

– The next chapter of Live & Earn on Defi platform & Real business use case –

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Road map

Metaverse Thailand Roadmap

2021 – Launch
– Open Beta Launch
– Buy & Sell Feature
-Only Ekamai and Thonglor
– Support MVP Coin and BUSD
– Audited tax and advisory service in Singapore

Q3-2021
– Merge / Split Land Feature
– Purchase Offer Function
– 2D/3D Model on Maps
– Governance Token Announcement
– Stable Coin Announcement
– User Profile
– New Partnership
– Listing on CEX
– Corpxervice Business Virtual Office

Q4-2021
DeFi on Land Plot Feature
– Update 2D/3D Model
– New Partnership
– Use case Governance Token
– New Listing on CEX
– Listing on Coingecko, CMC
– Business Forum Function

Q1-2022
– Audited by Certik
– New Listing on CEX
– New update Feature
– New Partnership
– Morison Global Business Partnership

Q2-2022
– New Partnership
– Major Update 3D Game Engine
– Offshore Incorporation Service

Q3-2022
– Metaverse Global

For more information
Website: https://metaversethailand.io/
Telegram: https://t.me/mvpcoinen

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Blockchain

Ripple and Nelnet Announce $44 Million Clean Energy Fund for a More Sustainable Future

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Ripple, the leading provider of enterprise blockchain and cryptocurrency solutions that are faster, more transparent and more cost-effective, today announced a strategic ESG investment with Nelnet Renewable Energy, a Nelnet business, through a $44 million joint investment into one of Nelnet’s solar energy investment funds. The joint investment, majority funded by Ripple, will fund solar energy projects throughout the U.S. in support of the transition to a cleaner and more stable energy future.

“Guaranteeing a clean energy future is a major priority across every industry, not only to drive future economic growth but also to ensure a more sustainable world. As the adoption of cryptocurrencies and blockchain continues to grow, it’s evident that the technology will underpin our future financial systems,” said Ken Weber, Head of Social Impact at Ripple. “We’re excited to work with Nelnet as we pursue our commitment to reduce the carbon footprint of financial services globally and to deliver on the promise of a carbon negative cryptocurrency industry.”

Nelnet and its co-investors are proud of their part in transitioning the country to cleaner and more reliable energy sources. In March 2021, Nelnet earned an E1 ESG rating from S&P Global Ratings on one of their earlier clean energy funds– receiving high scores on transparency, environmental and governance. E1 is the highest possible ESG rating in the S&P Global rating system and likely marks the first of many for Nelnet’s clean energy funds.

The solar projects financed by the Ripple Nelnet Renewable Energy Fund are estimated to offset over 1.5 million tons of carbon dioxide over 35 years, which is the equivalent amount of CO2 emissions from consuming 154 million gallons of gasoline. As the U.S. transitions towards a zero carbon future, investments in solar power projects could not come at a better time, especially with the U.S. Department of Energy’s Solar Futures Study projection that 45% of all energy in the U.S. could be produced by solar by 2050.

The partnership is Ripple’s latest initiative to help build a carbon-neutral future for global finance. Ripple is part of the Crypto Climate Accord, a private sector-led initiative focused on decarbonizing cryptocurrencies and making the crypto industry 100% renewable by 2030. Last year, Ripple partnered with Energy Web and the Rocky Mountain Institute to decarbonize the XRP Ledger, the first major global blockchain to do so. In addition, Ripple made a commitment to become carbon net-zero by 2030 or sooner by reducing emissions and investing in carbon removal projects such as reforestation, biochar and carbon sequestration.

“We are thrilled to have a best-in-class investor platform that enables us to work with investors like Ripple to further our effort toward advancing clean energy generation within the U.S.,” said Scott Gubbels, Executive Director of Nelnet Renewable Energy. “Investments like these help create jobs, provide cost-competitive energy to the market, and promote sustainability for years to come.”

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Dreams Quest To Launch IDO

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DREAMS IDO launches on Red Kite and GameFi, DuckStarter

Singapore, 9th OCT – Dreams Quest, a blockchain-based NFT gaming platform, announces the launch of their anticipated IDO campaign scheduled on Red Kite (Polka Foundry), GameFi, and DuckStarter. The launch gives an opportunity to access the Dreams Quest ecosystem by purchasing $DREAMS tokens. The ecosystem will be gradually unveiled with a variety of mini-games, leading up to the launch set for 2022.

The IDO campaign:

https://duckstarter.io/ – 14th October 2021
https://gamefi.org/ – 15th October 2021
https://redkite.polkafoundry.com/ – 15th October 2021

NFT mania has hit a peak right now and it has come a long way from the early frenzy as several new use cases have emerged over time.  Play to Earn (P2E) is currently one of the most popular forms of NFT projects as it combines the best of gaming with digital collectibles. In fact, in 2017 when NFTs were first created and used, in-game memorials and game prizes were the first use cases of the non-fungible ecosystem, and Dreams Quest is only taking the ecosystem further with its platform.

Dreams Quest Aims to Take P2E Ecosystem to Next Level

Dreams Quest is a play-to-earn RPG card game that incorporates dynamic NFTs. Players are invited to explore the dream realms and go on adventures by participating in quests, events, and tournaments. The NFT game cards are dynamic which are impacted by unknown factors like weather conditions, temperature, and storms. At the conclusion of every game, card attributes are written on-chain, storing the permanent history of card changes over time as well as how cards have evolved or changed.

Players are presented with a free deck to get started and are then given a variety of gaming style options to make the game even more engaging. These include completing quests, competing in battles or tournaments, or setting up a shop in the marketplace to become a local trader. The goal is to create both an in-game economy and a variety of fun and interesting ways to earn while playing. The key features of the platform include,

  • Play to Earn — Dreams Quest integrates several factors such as quest-based earnings, renting NFT cards, a marketplace, and more for players to earn by participating in the game.
  • Free-to-play — To create an inclusive and permissionless gateway for everyone to experience a unique gaming experience at its finest, the DQ metaverse is designed as free-to-play for everyone to easily get started.
  • Dynamic NFTs — The dynamic NFTs (game cards) will be impacted by unknown factors such as weather, temperature, storms, and more that will completely alter card attributes. The changes to card attributes will be permanently recorded and stored on-chain.
  • On-Chain — Dreams Quests uses Chainlink to bring in data off-chain which we can use in-game. For example, every card that gets minted will have a unique random “key” that will enable that card or item to unlock other powers, abilities, vaults, or chests both in-game, but also within our discord channel.

The blockchain NFT platform combines the best of two worlds to bring a unique user experience where they can earn valuable digital collectibles that can later be used for trading or selling for profit. In-game, there are a huge variety of things that players can do from forging, creating new items, participating in events and tournaments, battling other opponents. The tokens can be used in-game to upgrade and forge but also can be earned from the quests and battles they participate in.

“After over a year of hard work we are excited to finally be bringing this project to the market and to finally see our community coming to life. Our goal is to build a democratised economy where everyone can earn from playing while also having an opportunity to explore the realms that we dreamed up long ago.”  Paulii Good Co-Founder

About Dreams Quest:

Dreams Quest is a decentralized play-to-earn RPG game using dynamic NFTs to create unknown factors that will affect character attributes in-game, and post-game outcomes will dynamically change the NFT card attributes and write them on the blockchain (the ethereal scribes) to show game history for each card.

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

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A Growing Number of Companies Adopt Cryptocurrency Solutions

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As a result of the crypto boom that occurred earlier this year, many companies and organizations have become noticeably more open to blockchain technology and cryptocurrencies. Therefore, it is not surprising that ETFs with a focus on crypto and blockchain are doing so well. “Just over three years ago we launched the first actively-managed ETF focused on the dynamic market segment of blockchain-related stocks,” said Amplify CEO Christian Magoon. “BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust. Blockchain technology is primarily known for one application today: cryptocurrency.” And just this week, Canada’s first multi-cryptocurrency ETF, the Evolve Cryptocurrencies ETF (ETC), which invests in both Bitcoin ETF (EBIT) and Ether ETF (ETHR), began trading under the ticker ETC on the Toronto Stock Exchange. ISW Holdings Inc. (OTC: ISWH), BIT Mining Limited (NYSE: BTCM), Bitfarms Ltd. (NASDAQ: BITF), Riot Blockchain, Inc. (NASDAQ: RIOT), Sphere 3D Corp. (NASDAQ: ANY)

While many industries and governments have become more open minded about digital currencies over the last several years, obstacles still remail. For instance, according to a report by Yahoo Finance, China continues with its crackdown on crypto mining. Nevertheless, since the clampdown by the Chinese government on crypto mining began, Bitcoin miners in China have begun looking to relocate their operations to U.S. states like Texas, South Dakota and Tennessee, The Washington Post reported.

ISW Holdings Inc. (OTC: ISWH) transitioning to “BlockQuarry,” pending name change, announced yesterday breaking news that, “the Company surpassed agreed upon milestones related to the performance of its common stock price and will therefore receive an additional 150 Bitmain S19 95TH/s miners from Minerset, a Delaware LLC, due to negotiated milestone clauses included in the asset purchase agreement (the “Agreement”) reached between the two companies in August.

These 150 miners are supplemental to the 400 miners already paid for and received as part of the original Agreement.

The Company leveraged its shares of Preferred B stock to purchase its initial tranche of 400 miners. As a part of the contract, ISW Holdings President and Chair, Alonzo Pierce, and Minerset Managing Member, Elias Fernandez Sanchez, negotiated a graduated milestone provision deeming that ISW Holdings would earn 75, 150, or 225 additional Bitmain S19 95TH/s miners based on the performance of the Company’s common stock at or above $2, $3, or $4, respectively.

The Company has now triggered two of those milestones and looks forward to the opportunity to reach the next – the stock price for common shares of ISWH closed at $3.44 on Monday after hitting a 52-week intraday high of $3.78 during the session.

‘This contract was a win for both companies: We didn’t have to part with $3.8 million in cash and Minerset was able to quickly move its inventory,’ noted Pierce. ‘With the appreciation of our stock price, both companies have already been amply rewarded for this partnership.’

Upon delivery, the miners will be prepped and deployed in POD5 units at the Company’s Pennsylvania mining project.

‘In addition to being a surprise reward for our shareholders on the asset side, this new tranche of miners will drive significant further bottom line performance gains over coming quarters,’ added Pierce. “We also continue to work with FINRA on our name and symbol change, which is our first step of many on our way toward a NASDAQ listing.'”

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Mars4: Highly Liquid MARS4 Dollars and First-of-a-kind Revenue Generating Mars Terrain NFTs

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Mars

The red planet is a mystery to man and his obsession with it has created many legends and myths over the centuries. As the US’s Perseverance rover lands on Mars and drills its first Martian rock core for NASA, interest in Mars is at an all-time high, and pioneers are dying to stake their claim on the Red Planet’s soils.

A meaningful approach for the visionary is to speculate on Mars’s value. You can do this by participating in the Mars4 non-fungible token (NFT) and land plot sale running on Ethereum.

What is Mars4?

Mars4 is a Metaverse ecosystem where you can explore a geographically exact virtual Mars, own and customize your land with MARS4 dollars and even reap the rewards of the world’s first revenue-generating NFT. The Attractive tokenomics of Mars4 leverages NFT Mars Land, Gamification and Token Redistribution.

Mars4 is a unique metaverse. The Mars4 project’s development team has modeled their detailed 3D map of Mars’ terrain based on the latest data from Mars and other space agencies. Think of it as Mars’ equivalent of the 2001 Google Earth 3D map.

How does Mars4 work?

Mars4 leverages token yield farming and gamification elements to create an attractive decentralized finance investment option. Additionally, Mars4 helps space exploration enthusiasts explore the red planet via its virtual platform.

Inside its metaverse are diverse adventures and fun activities that will keep its community-engaged as they generate passive income from its NFTs. The Mars 4 project has three fundamental elements.

  • Its interactive Mars terrain 3D world is subdivided into plots. Each Mars4 NFT is a digital representation of these plots.
  • A utility and governance token system that supports user incentives, transactions, trading, gaming and NFT minting processes.
  • The Mars4 liquidity mining feature for NFT holders.

Mars4 virtual world

Its 3D virtual world is Mars4’s gamification aspect. Through it, you can explore Mars and buy land as NFTs. These NFTs will earn yield via the project’s liquidity mining feature. Mars4 has 99,888 unique and rare Real Estate NFTs that symbolize Mars’ rovers landing sites and its most popular geographical features.

Each land parcel measures 559 square miles. On purchase, terraform your land to increase its value. You can purchase additional value-enhancing avatars, certificates, and logos from its in-game assets feature.

Mars4 utility and governance system

You can buy Mars4 land parcels with MARS4 tokens at its public sale. There are 4 billion MARS4 tokens that are used to mint the platform’s 99,888 NFTs. Already more than 50% NFTs are sold.

MARS4 tokens will play a key role in the metaverse’s transaction processes. Each time users perform a transaction, the Mars4 NFT holders will earn a yield. The project’s protocols will reward NFT owners for holding their units.

Before the launch of Metaverse, epochs were introduced to redistribute passive income for Mars landlords. The scarcity model was designed to provide a yield for NFT owners as soon as possible, as there are no transactions until the game is launched. After TGE event, MARS4 dollars will be integrated and extremely high transaction volume is expected.

Each Epoch starts after a new batch of 10,000 NFTs are sold. 51% of income from the Land NFTs are redistributed to the previous NFT owners, starting in Epoch 1. As more than 50,000 NFTs were sold already, Mars4 entered the first epoch on September 24th 2021.

Moreover, the scarcity model means the price of the Mars Land NFTs increases as supply decreases, making it a win-win situation for existing land holders to attract new participants to the economy to increase the capital appreciation of their NFT land holdings and reach the next Epoch sooner.

NFT holder incentives will grow after each epoch and even more later as the metaverse’s transactions increase. Mars4 NFTs are therefore an excellent long-term investment prospect and are available on the Mars4 Ecommerce site.

Mars4 explodes on MISO Launchpad

MARS4 tokens were listed on Sushiswap’s MISO launchpad from September 15th to 24th. In the private and public auctions for MARS4 tokens the minimum raise was collected in the first 45 minutes!

In the format of batch auction, participants contribute to the pool. A set number of tokens are then divided amongst all the contributors to the Market event, weighted according to their contribution to the pool.

Two auctions were organised with a total of 40 million MARS4 tokens. Mars4 exploded on the MISO launchpad with a 13 times larger amount raised than the minimum raise. 

MARS4 tokens are now listed on Sushiswap and staking is available via their ONSEN system. More information is available live on Mars4 Telegram and Twitter accounts.

Conclusion

The demand for Mars-related NFTs will rise as more exploration reveals Mars’s mastery. Mars4 NFTs are a rare combination of the NFT benefits of proof of ownership of something both scarce and beautiful, and passive income generation.

Unlike other NFT projects, Mars4 has revenue assurance from its NFT yield generating protocols. It is therefore not just an artistic and exploration medium for content creators, individuals, and businesses, but an excellent source of passive income.

Social Links:

Twitter: https://twitter.com/MARS4_me
Facebook: https://www.facebook.com/mars4.me
Youtube: https://www.youtube.com/channel/UCdzyC4xEyG5T4o0q4Ubh6VQ
Telegram: https://t.me/mars4me_official
Medium: https://mars4-me.medium.com/
Discord: https://discord.com/invite/BWXTBxE9
Website: https://www.mars4.me/

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PHAETON RAISES USD 1.5 MILLION WITHIN 24-HOUR OF IEO LAUNCH

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Phaeton

Phaeton, a blockchain-cantered service company that offers sustainable investment options, launched its IEO on September 18. Within 24-hours of the IEO, the project raised $1.5 million US dollars indicating a considerable demand in such a new blockchain technology service firm.

Phase 1 of Phaeton’s IEO is currently live on two Crypto Exchanges, namely P2PB2B and LAToken. Here, users can buy the native token PHAE that plays a critical role in the Phaeton ecosystem.

After Phaeton’s IEO campaign ends, PHAE Coins will be available for open market trading (buy & sell).

The second phase lists several other major exchanges, namely OKEx, FTX, Bitfinex, Gemini, and Kucoin. Team Phaeton are currently engaged and working with the latter exchanges.

Phaeton Technology has created a Positive Social Impact Platform that incubates, develops, and collaborates with new and established business enterprises that address social and environmental challenges in line with the United Nations Sustainable Development Goals. The project aims to resolve long-running social issues using blockchain technology and collaborate with all business levels, government agencies, not-for-profit organizations, impact investors, philanthropists, and technologists who want to make a social change. The sectors that Phaeton is looking at include:

  • Affordable housing and community development
  • Renewable energy and conservation
  • Carbon credits and climate change
  • Health and Wellness
  • Education and social infrastructure
  • Small business and microfinance
  • Sustainable products and agriculture
  • Supply Chain management

Phaton Ecosystem and Core Technologies

The Phaeton platform has an ecosystem offering users access to a decentralized global market. Its side chains allow independent dApps, facilitating customization, scalability, and a departure from high network fees providing multiple benefits for the users. In addition, the protocol has been designed to make it convenient, secure, and seamless for all stakeholders. Phaeton ecosystem comprises the following core technologies that power the platform and make it infinitely scalable and highly usable.

  • Phaeton Blockchain: Phaeton Blockchain has created its decentralized ledger system with a 250kb block size (potential of one million transactions) and five-second creation time. Phaeton Blockchain is based upon the Delegated Proof of Stake plus Delegated Byzantine Fault Tolerance (DPoS+dBFT) consensus algorithm, significantly improving energy efficiency. Phaeton remains an independent blockchain that provides its native platform for enterprises to use, whether for monetary, transaction, data, or smart contracts. The ability for individuals to host a node is critical for the speed, infinite scalability, and security of Phaeton’s Blockchain.
  • Phaeton Core: Phaeton Core is a single-sign-on platform with multi-factor authentication and biometric identity validation for smart contracts, KYC, and cosignatory transaction authorization. Phaeton Core was developed to address the lack of trust in the crypto-currency industry by authenticating all those interacting with the Phaeton Blockchain.
  • Phaeton Smart Card: Resembling a typical debit/credit card, Phaeton Smart Card is a biometrically secure device serving multiple functions. It includes ID authentication, multi-currency banking, and hard-wallet storage for cryptocurrencies. As a result, it has considerable scope in retail banking and Industry 4.0 applications.
  • Phaeton Coins: The Phaeton Coin transaction model is like the Ethereum ETH Coin, which is applied when any of its ERC- 20 tokens are used within its ecosystem, but in no way connected to the Ethereum or any other platform. Phaeton Coins are also used for staking and as a reward for each delegate hosting a Phaeton Blockchain node within Phaeton’s ecosystem. Phaeton has pre-mined 500 million coins with approximately 250 million Phaeton Coins in circulation and around 250 million Phaeton Coins in reserve.
  • Phaeton Sidechains: The Phaeton Blockchain platform is built on the consensus of a dPoS model (delegate proof of stake). This Phaeton feature is unlike PoW (proof of work) models used by Ethereum and others. In addition, Phaeton’s Sidechain model is designed to allow an infinite number of projects or subsidiaries to create a sidechain on the Phaeton Blockchain. A Sidechain is a type of Blockchain that exists alongside its parent chain (Phaeton Blockchain). Thus, the Sidechain can be defined as the “child chain.”

Phaeton Blockchain empowers new Projects

New startups are created every minute, which is an excellent opportunity for Phaeton to tap into this ever-increasing market and make the Phaeton business model grow exponentially. Phaeton helps existing businesses incubate ideas and develop an ecosystem around current products, making the market tilt towards Phaeton incubated technology products. Phaeton also offers mentorship, guidance, and seed capital to entrepreneurs and takes an equity position, improving Phaeton’s holdings and increasing Phaeton coin value. By attracting startups with new ideas, there is the potential to find a “unicorn” idea that will disrupt the market.

New startups and projects will select Phaeton over other incubation projects because the ecosystem offers a range of infinitely scalable and secure solutions that ensure greater market exposure and user base.

New startups are attracted towards the following offering from the Phaeton,

  • A network powered by interoperability to improve accessibility
  • The opportunity of creating a public or isolated blockchain network
  • A secured ( military grade) and infinitely scalable environment with the delegated proof of stake
  • A truly decentralized governance model creating an unbiased network
  • Faster hashing algorithm ( 1M+/tps) than popular alternatives like MD5, SHA-3, secure against length extension attacks, parallelizable on multi-core architecture.

The vision and realization of Phaeton Blockchain as a true market disrupter is through the leadership of Chai Shepherd.

As Co-Founder and Head of Technology, Chai is driven to ensure Phaeton Blockchain platform is robust and designed to adapt to technology changes now and into the future. Through his experience and leadership, Chai leads a highly talented and credentialed team of technology experts and developers to provide a future-ready Blockchain solution that combats the shortcomings of current Blockchain platforms, such as high/unaffordable costs, scalability and interoperability.

The first round of IEO is still running! Grab some PHAE now

P2pb2b: https://p2pb2b.io/token-sale/302/
Latoken: https://latoken.com/ieo/PHAE

To learn more about Phaeton, visit Phaeton.io.

Social Links: 
Twitter: https://twitter.com/PhaetonOfficial
Facebook: https://www.facebook.com/phaeton.io/
Instagram: https://www.instagram.com/phaetontechnology/
Telegram: http://bit.ly/Phaeton_telegram
Medium: http://medium.com/@phaeton-technology
Linkedin: http://www.linkedin.com/company/phaeton-technology
Discord: https://discordapp.com/invite/F44Ybhj
Youtube: https://www.youtube.com/channel/UCLIYg824KeHUmUtDBqRundg
Website: https://Phaeton.io

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Altcoins

Republic Capital-Advised Crypto Fund Invests in AVAX’s $230M Private Token Sale

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Fundraising

A fund managed by an affiliate of Republic, the multi-asset investment platform, announced today an investment in AVAX’s recent $230 million private token sale, alongside lead investors Polychain and Three Arrows Capital. The investment in Avalanche’s token sale marks a major milestone for Republic Capital, the asset management arm of Republic and its R/Crypto Fund I.

Republic’s crypto advisory and development team (Republic Crypto) began their journey with Ava Labs through Avalanche founder Emin Gün Sirer, guided by the shared vision of building an alternative chain designed specifically for digitizing assets, one that would focus on speed and lower transaction costs. Over the course of two years, Republic Crypto has worked closely with the Ava Labs team making strategic introductions and advising on the tokenomics of the AVAX token, ultimately assisting with listing the token on public exchanges. The token is currently listed on over 70 exchanges and has increased from $2.79 per token to over $65 with a market cap over $13 billion.

Avalanche is considered one of the fastest smart contract platforms in the blockchain industry. Ava Labs, the team behind Avalanche, is focused on digitizing all the world’s assets. Proceeds from the private sale will be used to support the Avalanche ecosystem, which includes 300+ popular projects that already run on other blockchains such as Tether, SushiSwap, Chainlink, Circle and The Graph. Topps, an NFT-based game with partnerships with Major League Baseball and Bundesliga, is also using Avalanche.

Proceeds from this sale will also be used to support other Ava Labs Decentralized Finance projects and enterprise applications through grants, token purchases and other forms of investments. These are all opportunities for expansion that could double or triple the potential applicability of the protocol.

“Our model at Republic Crypto is to work with crypto companies from the earliest days and advise them on how to grow and scale,” said Andrew Durgee, head of Republic Crypto and member of the Crypto Fund’s investment committee. “Our work with Avalanche demonstrates the power of that strategy.” He mined his first bitcoin in 2010. Republic Capital and Republic Crypto are affiliates of Republic, the multi-asset investment platform backed by Binance and Galaxy Digital. Republic Capital, a SEC-registered investment adviser, is the adviser to the R/Crypto Fund I and is managed by Boris Revsin.

For additional information, please visit: www.republic.co/crypto

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Blockchain

This metaverse project takes on the computational challenges facing the industry

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Computecoin Platform Overview

Computecoin (CCN) offers a straightforward, accessible and eco-friendly solution to supply the metaverse with ample, instantaneous and reliable computing power at a lower price. While metaverse applications have captivated audiences around the world and continue to rocket in popularity, they face a daunting challenge. The scarcity of computing power available today is holding all metaverse stakeholders back, including the biggest game developers and the cloud service providers they often rely on.

AWS supported Fortnite’s 2020 Travis Scott concert–which was attended by 12 million people–but the only way Fortnite could host this enormous audience was to bundle players into groups of about 50, called shards, to which the concert was simultaneously broadcast. Fortnite could not gather the concert’s 12 million viewers in one place at the same time; instead, users were shown an illusion of synchronicity.

As far as we know, CCN is the first and only project that aims to serve as the infrastructure of the metaverse. Others focus on metaverse applications alone.

“The idea behind Computecoin is simple,” Computecoin CEO Mourad Mazouni asserts. “Rather than build costly new infrastructure, we are aggregating and then scheduling the existing decentralized clouds (like Filecoin, Chia and Dfinity) as well as data centers around the world.”

Computecoin allows developers to create low-latency metaverse experiences. CCN aggregates a local network that matches each user’s (for instance, a VR gamer’s) unique computing power needs, and then uses edge computing and other technical means to dynamically allocate these servers to the user.

CCN also offers a solution to a problem that has puzzled the cloud computing space for a decade: How can developers trust outsourced computers that are not backed by big cloud services like AWS and Azure? Computecoin’s patented consensus algorithm “proof of honesty” (PoH) ensures that users can verify the authenticity of outsourced computing results.

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