Ethereum is no stranger to coding crises and wallet mishaps; remember the bug back in July that allowed $30 million of Ether to be stolen from a popular Ethereum wallet client? Well it has happened again, and to the same Parity wallets that were compromised earlier this year.
A vulnerability resulted in the freezing of money in all Parity multi-signature wallets deployed after July 20th when a developer ‘accidentally’ hit a vulnerable patch of code. Some estimates are as high as $280 million in Ether that can no longer be accessed or used by Parity users.
The company has been battling to recover its reputation from a previous code breech which allowed hackers to steal 150,000 ETH in July. The original embezzlement would have been a lot worse were it not for the actions of white hat hackers who helped to recover an additional 377,000 ETH.
Following July’s hack the company issued a patch for the exploit deploying a new library contract with the intention of fixing it. The new code contained another flaw which converted the wallet to a multi-sig wallet which can have ownership taken over.
The parity team made this blogpost to explain the situation:
“Following the fix for the original multi-sig issue that had been exploited on 19th of July (function visibility), a new version of the Parity Wallet library contract was deployed on 20th of July. However that code still contained another issue – it was possible to turn the Parity Wallet library contract into a regular multi-sig wallet and become an owner of it by calling the initWallet function. It would seem that issue was triggered accidentally 6th Nov 2017 02:33:47 PM +UTC and subsequently a user suicided the library-turned-into-wallet, wiping out the library code which in turn rendered all multi-sig contracts unusable since their logic (any state-modifying function) was inside the library.”
The company went on to state that no funds can be moved out of the multi-sig wallets and $152 million in Ether is believed to have been frozen.
Memories still linger from Ethereum’s darkest days of the DAO attack last year which resulted in the theft of $60 million of Ether. This exploit does not affect Ethereum as a whole but it has raised security concerns amongst the community. Fingers are now being pointed at the security of Ethereum and its smart contract coding language, Solidity. Some serious questions will be asked and it is likely that Parity could lose a large portion of its customers, if they ever get their crypto back.
indu4.0 powered by INDU – A native token to cover crucial needs of the manufacturing industry
The world of technology is filled with buzzwords these days. From AR to VR, AI to blockchain, it can be difficult to know when these technologies are worth leveraging. Several manufacturing businesses find blockchain particularly appealing because of its ability to be applied to various business processes, coupled with its inherent security and reliability. indu4.0 is one of many projects emerging in the industrial sector! indu4.0 is a blockchain-based project, seeking to revamp manufacturing with its native token, INDU.
Indu4.0 AG is a Swiss-based company that developed its platform indu4.0. indu4.0 project is a digital B2B marketplace targeted at the manufacturing industry that seeks to link supply and demand more efficiently and economically. This project aims to pioneer a digital B2B marketplace for the trillion-dollar manufacturing industry. It has already integrated numerous complex industrial products and services into the user-friendly platform with sophisticated filter systems. This article comprehensively overviews this cutting-edge platform and its native token for the manufacturing industry. Read on to learn more about its features, tokens, and benefits!
What is an INDU token?
The INDU token serves as the payment token for the Indu4.0 AG services. Thus users will be able to pay with INDU tokens for everything the company offers, including virtual trade shows, events, advertisements, and exclusive industry reports. With the INDU token, manufacturing will finally have its own currency, with a value more easily tradable. The INDU token will have 750,000,000 pieces, of which 37% are sold at the ICO at a very low price.
Use Cases of the INDU Token
- With INDU tokens, users can access advertising services and industry reports.
- INDU tokens can be used exclusively to purchase exhibition stands at events organised by Indu4.0 AG. Additionally, INDU tokens can be used to pay for events and trade fairs in the metaverse.
- The platform makes it possible to securely exchange sensitive and proprietary data, thanks to NFT technology. The INDU token will be used to verify each file’s owner.
The public presale of INDU tokens is currently underway. Sign up for the Presale here. You can take part in the sale to own INDU tokens. It is expected that the funds collected from the presale will be used to expand the team of developers. The money will also be used to cover marketing expenses and pay for infrastructure and office costs.
What are the benefits of the INDU token?
Potential Price Increases
indu4.0 is a new initiative to transform the manufacturing industry – the biggest sector in the world. This digital revolution will depend on the INDU token, which aims to become a native token for manufacturing. Right now, you can buy INDU tokens for a very low price, which is a worthwhile investment. As time passes, more INDU tokens will come into circulation, increasing token value. Now’s the time to join the journey to revolutionize the industrial sector!
Reward Program for Recommendations
indu4.0 has a loyalty program that rewards long-term users with INDU tokens. The indu4.0 platform rewards active users who subscribe and keep their profiles up-to-date. Customers can choose from three loyalty levels – Beginners, Pros, and Elites – based on their usage of the indu4.0 platform and the revenue generated. Each loyalty level offers a different reward.
Access to the Metaverse
Metaverse refers to a highly interactive virtual world. Metaverse users can trade digital assets like documents, files, and other digital assets, just like in the real world. A virtual space is available on indu4.0 for platform users where they can upload, watch and place ads using their INDU token. Users of INDU tokens will have priority access to the manufacturing metaverse, where they can buy and own property.
Being a part of the next Industrial Revolution
Blockchain solutions can alleviate common manufacturing pain points, such as onboarding suppliers and distributing products. Indu 4.0 AG developed the indu4.0 platform to unlock the potential of the manufacturing sector by integrating blockchain technology. Currently, the company offers many features to its users, and the INDU token also offers many benefits. This project has high ambitions, and its roadmap reflects those ambitions. There will be a lot of development in the future. Potential community members should participate in the next Industrial Revolution by being part of indu4.0 by acquiring INDU token!
What are the benefits of indu4.0 for manufacturers?
Sophisticated Filter System
indu4.0 manufactures a range of highly automated, fully enclosed, sophisticated filter systems for the manufacturing sector. With its sophisticated filter system, users can quickly find what they are looking for. Thus, users can be confident that they will receive inquiries suitable for their specific offers.
In the recent pandemic, the metaverse concept gained traction as people avoided in-person interaction, businesses adopted remote working policies, and digital communication methods became more prevalent. The blockchain-based, shared virtual space in indu4.0 allows users to explore and interact with a virtual world. The indu4.0 metaverse space lets you advertise on the platform or find trade shows you can pay for using INDU tokens. Furthermore, virtual exhibitions help to reduce the overall emissions of companies and thus contribute to their carbon footprint.
indu4.0 presents new security standard – IDS
indu4.0 presents IDS (indu Data Security), their future security standard for all industry data. This shows that data security is the primary focus in the indu4.0 platform. This IDS is responsible for the data security of all kinds of data in the platform such as technical drawings, blueprints, and industry sensitive data.
Connecting buyers and suppliers
With indu4.0, suppliers and purchasers can connect more efficiently and effectively. Through the platform, buyers can send offer requests directly to suppliers with just a few clicks. The search function is fully functional, and they can use the platform without logging in. indu4.0 lets you search for suppliers easily and quickly. It’s easy for the purchaser to find suppliers for the services they need with standardised terms and filter steps. Meanwhile, suppliers can create company profiles and view all offer requests from purchasers which leads to new customer acquisition opportunities.
The indu4.0 reporting system has exclusive features designed to attract potential users. The platform’s reporting system gathers and organises data from databases into reports, manages them, and distributes them to users so they can make better business decisions. With INDU tokens, users can buy advertising and benefit from lower fees thanks to paying with INDU.
There is no way for the purchaser to search for a specific item. Nowadays, the options are all tedious and inefficient, so you have to do a lot of searches or check suppliers manually. To solve this problem, indu4.0 lets you search for suppliers easily and quickly. It’s easy for the purchaser to find suppliers for the services they need with standardised terms and filter steps.
In today’s digital age, it’s more important than ever to entice potential customers with your new platform. Today, it’s crucial to have content in a language that visitors can understand. As a result, the indu4.0 platform will be multilingual, supporting EN, DE, FR, and IT languages, so buyers and suppliers can choose the language they prefer.
Manufacturing is one of the world’s largest industries, worth trillions of dollars and employing millions of people. The industry, however, suffers from inefficiencies. The problems can be solved if manufacturers and suppliers are more easily connected. The idea of indu4.0 came from bringing manufacturers and suppliers together. This platform uses blockchain technology to improve communication and collaboration between both sides.
The roadmap for indu4.0 is ambitious, and the team is doing everything possible to make it a success. INDU tokens will fuel the indu4.0 platform, helping you reach new heights in the industrial sphere. The INDU token is supposed to become the industry currency and facilitate more realistic trading. Hence, it is a great opportunity for crypto enthusiasts to become part of the next Industrial Revolution. If you’re looking for a project that’ll transform the manufacturing industry for the better, indu4.0 is a groundbreaking option. Take advantage of this potential earning opportunity and be part of this biggest change!
VISIT THEIR WEBSITE:
Tuition Coin Announces Teach to Earn on Cardano
Tuition Coin, a novel Crystal Chain product, is the newest Teach to Earn project on the Cardano blockchain. Designed to incentivize further participation in educational technology, Tuition Coin powers a new system that will benefit both teachers and students.
Teachers, while forming an essential component of society, are often underpaid and overworked. By creating a cryptocurrency reward for contributions to the wider educational space, Tuition Coin ensures that teachers can thrive within the growing EdTech space.
Teachers from all over the world can earn Tuition Coins by registering on the Coins For College platform. After the sign-up and KYC process are approved, Educational content creators can start earning cryptocurrency in exchange for sharing knowledge. Those with existing content and lesson plans on the internet can also participate and contribute to the internet’s open information sphere.
Educational resources created by teachers will be available to students for free on the Coins For College platform. With a vision of ensuring that every child has access to high-quality educational material, Coins For College fills educational gaps irrespective of whether their school can provide it.
Students can complete lessons and assessments on the platform to earn Scholarship Points that form a standardized means by which progress and effort can be measured. Implementing a new, accessible standardized system is an important requirement for global education because of the waning influence of the SAT.
Tuition Coin (TUIT) works as an incentive for educational content creators. Teachers can supplement their income by earning TUIT in exchange for lessons, study plans and other learning resources. Abiding by Standards Correlation, the content can be shared in the knowledge that students will be able to access lessons that are age-appropriate as per their countries’ educational requirements.
60% of the 100 billion TUIT tokens that will ever be in circulation are reserved for educators, and can only be earned by contributing to the global educational ecosystem. Teachers will be offered the same incentives for content whether they create it afresh or import it from existing platforms. All content on the platform will meet the standards set by 1EdTech, a non-profit focused on making remote learning more standardized and accessible.
About Tuition Coin
Tuition Coin is the cryptocurrency that powers the Coins For College platform. Created by Crystal Chain, Tuition Coin forms a key part of the reward mechanism for teachers creating content and lesson plans.
Students can access the content for free using the Coins For College platform and will be awarded Scholarship Points upon completing modules and assessments. These Scholarship Points will serve as a measurement tool to identify promising and deserving students who desire to pursue further education, but may lack the financial resources to do so.
Eco Metaverse Project Klabrate World Launches Green Crypto Presale
KLAB is a new green cryptocurrency from KLABRATE WORLD that will offer its native digital token via a presale campaign.
The KLAB token offers the opportunity to buy into an innovative and exciting project at the best price possible. In fact, as of writing, the first tranche of KLAB tokens will be available to buy at $0.0125
Once that allocation sells, the crypto presale price will rise to $0.0175.
KLABRATE WORLD is the first eco metaverse tied to carbon offsetting for individuals and socially minded businesses.
Climate change is one of the biggest challenges facing humanity. Research shows that the best way to attract support for green projects is to make it easy, fun and financially rewarding for everyone to participate.
Those who buy KLAB tokens during the presale can choose to convert them to plots of land in Klabrate World as well as gaining exposure to the fast-growing $1.2 billion carbon credit market. This enables buyers to list their land or carbon credits in the Klabrate marketplace, with valuations depending on supply and demand from other landowners and the price of carbon credits in this fast-growing global market.
It is also important to note that the KLAB token is not aimed solely at individuals who wish to gain exposure to a green crypto. On the contrary, KLABRATE WORLD will be utilized by tens of thousands of businesses, brands and social organizations worldwide. As such, the KLAB token offer a great alternative to other green projects, not least because it is designed to be the most sustainable cryptocurrency in the space.
Learn More Here:
Join Presale: https://klabrateworld.com
Byepix Getting Listed on LBank Exchange
Byepix, which is a Huge Ecosystem Project: Powered by Metaverse Blockchain, 2 Protocols, 7 Platforms, and 20+ utilities almost ending its ICO. And it will be listed at $5.
The company started the ICO with a high-reward referral program along with a wide-scale airdrop, where eligible investors got five times their EPIX, the company’s recently-issued utility token.
In the last two months since Byepix started its ICO, the Europe-based company has continued to surprise its investors by delivering more than promised.
Byepixes active Platforms:
● Official Website: Byepix.com
● Byepix Star System Info Page: byepix.com/info
● The Byepix Metaverse (The First Look at the Byepix Metaverse): play.byepix.com
● SoFi (Mission) Platform: mission.byepix.com
● Byepix Gems Hunter P2E Game Test Version: byepix.com/gemshunter
● NFT Showroom: byepix.com/showroom/
● Byepix Land Map: land.byepix.com/
● Byepix Metaland: byepix.com/goldland
● Byepix Virtual Life: Byepix.com/virtuallife
● Byepix NFT MarketPlace: Marketplace.byepix.com/
● Documentation Platform: info.byepix.com
● Purchase Epix: ico.byepix.com
Also, with a secured soft cap, the team was able to coordinate a one-of-a-kind token listing that will comprise only the top exchanges.
Byepix will be listed on LBank, one of the largest exchanges.
LBANK is ranked among the top 20!
On November 8, LBank will conduct an airdrop and provide $4,000 worth of EPIX to 100 winners. Don’t miss out, and join to be one of the winners.
Byepix will continue to announce major exchange listing news and grow its community without slowing down. One of the top 8 Exchanges is reviewing this project’s whitepaper, and they were very impressed by its Metaverse Blockchain Development Plan, 2 Protocols, 7 Platforms, 20 Utilities, the vision, and the marketing plan of Byepix.
Byepix’s Short-term and Mid-term updates release schedule.
- Gaming Platform v1.0
- Byepix Swap
- Publishing the Gems Hunter on the Android Play Store and the Apple App Store
- Listing Nov, 10
- Listing price goal: $5
- Top 5 Exchange Listing
- Metaverse Blockchain
- Super Metaverse: Super Metaverse Protocol and Application
- Gaming Platform V2 Alfa (with P2E Protocol)
- NFT Swap
- DAO’s 3D Creations
- NFT Free Listing
- Byepix Earn Platform
On November 8, major news regarding new collaborations and advisers joining Team Byepix will be revealed.
Last chance to Join!
The Byepix ICO, which started on September 9, 2022, and still goes on until the 9th of November, is in its last days of providing a chance for you to add the EPIX (Governance) token of this huge Super Ecosystem Project into your portfolio at a price of 0.18$.
EPIX will be listed for $5, and its Revolutionary Maximum Profit Program will keep the Circulating Supply Minimum by releasing 30k EPIX Tokens per day, which will be only 100k to 120k tokens in the first week.
Byepix provided lucrative investment opportunities for all participants, and it can’t wait to get listed.
Do not miss the Futures Digital Treasure!
Join Byepix before it’s too late.
Swiss Startup dua.com with 5M+ users officially lists on AllianceBlock Fundrs platform
The DUA token is set to become the first project to list on AllianceBlocks peer to peer participatory funding platform. Dua is powering the internal economy and matchmaking experience of international migrants, expats and diaspora communities.
In August, AllianceBlock launched Fundrs, a peer-to-peer funding platform, on Avalanche and Ethereum Mainnet networks. This release marked a key milestone for AllianceBlock, fulfilling the vision of a participatory funding platform based on reputation and merit that started its journey in 2019. Today the Fundrs platform comes to life with the official listing of the DUA token.
Fundrs is the result of years of work for AllianceBlock, beginning with a vision in 2018 of a decentralized participatory economy enabled by a fully-decentralized peer-to-peer funding platform based on reputation and merit. Fundrs uses a decentralized infrastructure which allows blockchain-based projects and traditional startups, called “Seekers”, to receive funding from the platform’s users, as well as provide access to other types of financing available later in the investment cycle, such as convertible loans, peer-to-peer lending and more.
The dua Foundation is the first project to officially list on Fundrs, its utility token DUA will support the new economic system around globally-fragmented communities.
After raising USD 4M in a Series A round, dua AG, a Swiss-based startup, announces plans to tokenize its 5M+ users through cryptocurrencies and decentralized technologies. Dua Foundation, a Dutch-based non-profit organization and dua AG’s partner has recently published a whitepaper outlining plans for introducing globally fragmented communities to the DUA token and Web3 through the apps dua.com and spotted.de.
The DUA utility token will power the ecosystem of apps (dua.com and spotted.de) which focus on connecting people who are searching for relationships based on similar traits such as; values, education, religion, origin and language. The tokenized experience creates a reward system based on in-app activities and user reputation which drives the ability of end-users to participate and benefit from a fairer economy. The DUA token will also be used to purchase in-app subscriptions, and businesses can use it for advertising their products and services to duas user base.
Ardit Trikshiqi — Chief Payments Officer at dua.com “The launch of the DUA token is an innovation for the matchmaking industry. DUA will enable 5 million users of dua.com and spotted.de to engage in a participative virtual economy that offers a wide range of services and is growing exponentially every day and millions of individuals and businesses, part of globally fragmented communities that are not being supported by traditional financial providers such as banks or money transfer operators.”
The DUA powered ecosystem will offer communities who don’t have access to traditional financial services a simple way to access and participate in DeFi services directly inside the apps. An in-built wallet will open the gate to on-chain remittances, payments, and borrowing opportunities for millions of individuals who have historically been financially underserved.
These communities will have access to self-sovereign identities via the use of dua_ID, a solution that gathers users online footprints in the form of reputation. This bundles together a user’s online presence to create an immutable online identity which businesses can use to vet users with certain reputations so that their communities and platforms can create a safe environment for people to participate in.
Rachid Ajaja – Founder and CEO of AllianceBlock “Fundrs is a revolutionary step in our vision towards a truly decentralized participatory economy. It is a culmination of our original vision in 2018 to provide unbiased access to a peer-to-peer funding platform based on reputation and merit. With dua as our first listing we will be able to target globally fragmented communities which is fully in line with our mission to bring access to the best companies in a fair, transparent and inclusive participatory economy.”
As we transition into a decentralized economy, platforms like Fundrs are providing the launchpad for young ventures to have access to advice and capital that is available, traditionally, to the select few. By creating an end-to-end development infrastructure for blockchain builders, AllianceBlock has been able to facilitate a seamless gate-way from Traditional to Decentralized Finance. This creates a new start-up-as-a-service model, which enables capital providers to become an incredibly important part of the lifecycle of any project, giving them an opportunity to play a role in the funding, advising, marketing, and operation of any project. Dua is the first project to leverage that vision using Fundrs, and as it officially lists on the platform it becomes the first in a long line of innovative ventures that want to be included in a participatory economy that champions reputation and merit.
AllianceBlock is building seamless gateways between TradFi and DeFi by remedying issues in both spheres and linking them more closely. AllianceBlock sees the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
They are building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities worldwide with the tools they need to access the DeFi space seamlessly.
About dua Foundation
Dua Foundation is a Dutch-based non-profit organization central to promoting, growing, and developing globally fragmented communities. Its strategic and blockchain advisors include AllianceBlock Co-Founders Rachid Ajaja (CEO) and Matthijs De Vries (CTO), SEBA Crypto AG and IBM Former Executive Christen Oesterbye, dua AG Founder and CEO Valon Asani, and Entrepreneur and DeFi specialist Dite Gashi.
Datavault® Launches Branded Degree and Utility Tokens for Colleges & Universities Worldwide
Data Vault Holdings Inc., the emerging leader in metaverse data visualization, valuation, and monetization announced today that it has minted NFT tokens for leading Colleges and Universities in the United States that are designed to commemorate and recognize student achievements of all types across every learning discipline. Branded tokens bearing the brands of institutions have been designed and launched by Data Vault Holdings for Pacific Conference PAC 12, Big Ten Conference, Community Colleges and Historically Black Colleges and Universities (HBCUs). By utilizing Datavault®’s patented technology, educational institutions of all sizes can establish branded coin inventories and historical blockchain registries. Higher learning institutions are enabled by the Datavault® platform with on-the-fly minting as well as regimented token issuance, memorializing degree issuance, Dean’s list and academic achievement as well as student athlete and performing arts.
As an example, a student will receive tokens for completing a Bachelors, Masters or Doctoral degree with additional issuances to student athletes that have secured roster or individual positions within the College and University Athletics Departments. These tokens contain performance statistics video, alumni messages, coaching and multimedia of all types.
Nathaniel Bradley, CEO of Data Vault Holdings, Inc. stated, “It’s the power of our platform that is on display with our college and universities’ deployment. NIL legal specialists and faculty will maximize the benefits to students presented by our innovative new Web 3.0 tools. Name, image and likeness opportunities that the Metaverse and NFTs have unlocked are nothing short of a breakthrough. Datavault’s patented ability for students to monetize their image and likeness through compliant Web 3.0 strategies represents a large-scale opportunity for marketers, brands, donors and other College and University utilities. With our patented and expanding technology, NIL opportunities for students to become remunerated by capturing and preparing data assets from their college careers are now abundant. This is an exciting time to be a student especially here in America at the epicenter of this technology proliferation and exploration. Carefully planning and deploying with insights, regulatory oversight and foresight gives Colleges and Universities many fundamental advantages.”
Douglas DePeppe, a data rights attorney and member of the Crypto Team at Sports-ISAO, added, “It is exciting to see University and College students and student athletes pursue this NFT opportunity with Data Vault Holdings. Smart Contracts, which are embedded into the Web 3.0 architecture at Datavault®, will help address the privacy, brand, and compliance issues which permeate the emerging NIL marketplace. It is important that data governance via smart contracts and other frameworks accompanies the NIL monetization strategy, particularly with university NIL programs which seek to promote their student athletes.”
About Data Vault Holdings Inc.
Data Vault Holdings Inc. is a technology holding company that provides a proprietary, cloud-based platform for the delivery of branded data-backed cryptocurrencies. Data Vault Holdings Inc. provides businesses with the tools to monetize data assets securely over its Information Data Exchange® (IDE). The company is in the process of finalizing the consolidation of its affiliates Data Donate Technologies, Inc., ADIO LLC, and Datavault Inc. as wholly owned subsidiaries under one corporate structure.
Sellix adds Concordium’s CCD token as a payment method
Sellix, an all-in-one platform for anyone to sell digital products online, announces that they will allow customers of Sellix merchants to pay using CCD, the payment token of science-backed blockchain Concordium.
CCD will be offered as an available payment method for all businesses and enterprises, retailers, and many more using the Sellix platform. This represents an important step towards further adoption of the CCD token, with Sellix growing at an exponential rate and currently facilitating ~300 daily invoices over ~3,000 active merchants in the past 90 days.
Additionally, user cases building on Concordium will be able to use Sellix as a platform to sell subscriptions, tokens, serial keys, digital downloads, video courses, software and licenses.
A public-permissionless layer 1 blockchain designed to balance privacy with accountability, through its native token, CCD, Concordium offers negligible transaction fees and fast confirmations.
Sellix processes crypto payouts within 24 hours, directly to its customers’ wallets and without ever relying on third parties to handle transactions or manage transaction volume. To date, Sellix has processed over $50M in global FIAT and crypto payments, saw over two million successful individual orders, blocked 641K orders from screening three million potentially fraudulent orders, and supports customers 24/7 with a built-in ticketing system.
By continuously solidifying their focus on building the future of digital eCommerce, Sellix is seeing quick and constant growth, and it’s proud to offer Concordium’s CCD to further maximize its reach and potential.
Daniele Servadei, CEO of Sellix, says: “Now the CCD will join the ranks of payment methods on Sellix to support over 250,000+ businesses and individuals. Sellix increases the outreach and provides CCD as a token for merchants worldwide enabling them to accept CCD when selling digital goods, providing services or integrating Sellix as a payment gateway for their customers.”
Michael Jackson, from Concordium, says: “Concordium’s CCD is the ideal token for eCommerce merchants. Lightning fast, cheap to use and dependable. Sellix merchants will be delighted with nature of a CCD transaction. For user cases building on Concordium, the functionality of Sellix is a true game changer, allowing merchants and use cases on Concordium to accept payments with advanced merchant functionality in a wide variety of currencies.”
Kodo Assets Introduces New Way To Invest In Real Estate Through Tokenization and Blockchain Technology
● KODO Assets platform offers 140 USD quotas for a commercial property in Faria Lima region, in São Paulo.
● Using blockchain technology, Kodo Assets intends to democratize the access to real estate market for investors – globally available – making the profitability of the investment very clear
São Paulo, Brazil, 24th October 2022 – A Brazil-based blockchain and real estate project has recently announced its launching of a real-estate tokenization platform – Kodo Assets. Watchful of the demands of the real estate market and the evolution of blockchain technology, Kodo Assets, a real estate tokenization platform – which arrives in the market to democratize the access to real estate investment, help increase liquidity of such assets and reduce the barriers of access to this market, be it due to high transaction costs or red tape – , announces its first real estate tokenization project in Brazil.
Tokenization allows properties to be broken down into countless, small digital parts, which can be sold to many people for a relatively low unit price, thus democratizing the access to this type of investment. With tokenization, it’s possible to invest more accessible amounts in exchange for tokens of real estate assets. The real estate token is a low risk investment when compared to stocks or crypto assets and has a lower entry level cost, as the minimum ticket cost for investment is lower when compared to the real estate market. The token market works globally, 24 hours a day, 7 days a week, and it has been estimated that the liquidity of the KODO1 tokens is considerably higher than investing directly in traditional real estate units.
The first property to be tokenized by Kodo Assets is a commercial property located on Faria Lima Avenue, a prime area of the city of São Paulo, and its total area is of 1,144.52m², with BOMA gross area of 552.58m², private area of 473m² and common area of 671.52m². The entire complex is currently rented by a large multinational.
The main revenue expected to be received from this property is rent. The yearly profitability expectation for the token is, with all discounts included, 6% until June 2023, and 6%+ annual adjustment of the rent using IGPM. The resulting value after fees will be distributed as dividends to KODO1, which emits the tokens that represent the inherent rights to the property. To do so, Kodo Assets will take care of the distribution of the revenue to the owners of each token to their own wallets, considering the participation of each in this venture. The payment of the proportional profits for the token holders will be done using Stablecoin USDC, the stablecoin holding the highest credibility and transparency in the crypto market. The payment will be made in the same wallet that holds the KODO1 tokens at the moment of the distribution.
“The owner of the KODO1 token will have the right to receive dividends from the rents of this property, proportionally to his or her participation in the tokens versus the total number of tokens issued by the project and an eventual sale of the underlying real estate, which can generate an interesting capital gain”. – summarizes Ciro Iamamura, the CEO of Kodo Assets.
The company will issue a total of 25 thousand tokens for this property, each sold for $140.00, besides the KYC/AML verification costs, which amounts to $13 for a single person, or $25 for a legal entity. The minimum purchase value is 1 KODO1 token, and there are no limits to how many can be purchased. The total offer value is US$ 3,500,000.00. The sales are expected to happen around November 2022.
Through blockchain technology, the idea is that the company can collaborate with this revolution in the real estate sector, allowing investors to purchase real estate in a fast and safe manner, without the red tape and high costs of the traditional market, and having access to different markets all over the world.
“We are talking about global access to markets that, until now, were local, limited by geographic location of the properties or because they were available only for qualified investors.In this sense, digitizing real estate can facilitate the access to these investments, as they become available for people all over the world. We believe that asset tokenization can be fundamental to revolutionize this market all over the world”, highlights Ciro.
The property, located on Faria Lima Avenue, is just the first project by Kodo Assets in Brazil. According to Helena Margarido, advisor for Kodo Assets, there is a growing and justifiable demand for real estate in São Paulo. “The average price per square meter in downtown is around US$2,613.042. However, if we consider some of its sister cities, we can find, for example, Chicago, with an average price of US$4,137.144, and Lisbon, with an average of US$5,239.255. Because of this, it is plausible to believe that the value of real estate in São Paulo is (very) underpriced. In other words, believing in an ever growing appreciation of real estate for this city in the next few years is a natural conclusion when we see how important São Paulo is in the world, and average prices in similar cities”.
Kodo Assets Token
To have access to the Tokens, the investor must access Kodo Assets’ official website, fill out a personal information form, present documents and go through the facial recognition process. After the KYC/AML (know your customer and anti-money laundering) verifications and having the registration approved, the user can purchase as many KODO1 tokens as he or she wants. Payment can be made in USDC, USDT and BUSD, as long as they are made in networks that support EVM. Token transfer will happen as soon as the tokens are at disposal, and will be sent to the same wallet where the resources used to pay for the token came from. For KYC/AML reasons, under no circumstances will the token be transferred to a wallet that has not been submitted to the verification process.
Whoever holds the token has access to all the information regarding it stored in blockchain and available for inquiry, if needed. Even if the asset is sold hundreds of times, it is possible to track each transaction and find the current owner easily. This feature brings transparency and reliability to the transactions.
“Using smart contracts renders intermediation to negotiate and register the tokens useless. Besides reducing costs for not needing a third party, the whole process becomes much more agile and efficient. In this sense, tokenization can increase the efficiency and drastically reduce the costs of each transaction, TOKEN which strengthens the market as a whole”, says Ciro Iamamura.
For more information and/or participation, please visit Kodo Assets Website : www.kodoassets.com and social media channels at:
About Kodo Assets
For believing that tokenization can solve the biggest problems of the Real Estate market, Kodo Assets was created. Through tokenization, the objective is to democratize investors’ access to the real estate market, help increase liquidity of such assets and bring down the barriers to access different markets, be it because of high transaction costs or red tape. The company’s tokens will be created and distributed according to the Bahamas legislation which, given its nature, classifies them as security tokens. That way, as they are considered to be securities, the process is subject to an intense and thorough regulatory process. The Kodo token will be issued using a smart contract platform by Polygon and granted to its holders equal parts of the property rights, proportionally to how many tokens were purchased. Polygon is used to issue the tokens because it is one of the most promising blockchain infrastructures, with a large community of developers, companies and organizations dedicated to strengthen and mature the technology and its applications.
Singapore company imToken broadens its footprints in Web 3.0
On September 1st, imToken, Alibaba Cloud, and ChainUp announced the formation of the Web3.0 Innovation Alliance at Alibaba Cloud Day Singapore. The alliance aims to bring together imToken’s blockchain talents and expertise, Alibaba Cloud’s mature Web 3.0 solutions, and ChainUp’s vast experience in one-stop blockchain technology services. The collaboration of imToken, Alibaba Cloud, and ChainUp will strengthen the Web3.0 ecosystem and benefit the public by attracting more Web3.0 startups to join the alliance and incubating more Web3.0 technology innovations.
According to statistics, the total market value of the current Web3.0 ecosystem is approximately $24 billion, with a rapid increase to $80-100 billion by 2030. Token is always the carrier of Web3.0; as the market value grows, token is in rapid development, just as the Token type and economic model are currently undergoing rapid evolution.
Since its beginnings in Singapore in 2016, imToken has assisted over 10 million users in entering the blockchain and benefiting from the blockchain payment application. Because the Tokenized world will soon be a truth, imToken, as a crucial tool for Human-Building Interaction (HBI), has always been devoted to “everyone equal access to the Tokenized world.”
On the same day, September 1, imToken announced an investment in Silence Laboratories, a cybersecurity Web 3.0 startup focusing on securely managing private keys for organizations using multi-party computing (MPC) and multi-factor authentication (MFA) technology. Without a doubt, the security of private keys is a critical core requirement for wallets, for imToken.
With its participation in the Silence Laboratories seeds round, imToken looks forward to future collaboration with Silence Laboratories. ImToken and Silence Laboratories are able to ensure everyone’s access to the Tokenized world with the guarantees of the private key by combining imToken’s rich experience in wallet products and Silence Laboratories’ cutting-edge technology in Web3 security.
imToken supported and participated at the 6th edition of Devcon in Colombia in the past week in October. Ethereum is the foundation of the blockchain and is imToken’s first priority business direction. Despite Devon being interrupted by COVID for two years, imToken continues to support Devcon 6 and meet all blockchain enthusiasts at Devcon in Bogota. imToken is excited sharing its most recent Tokenised World insight and discusses the future of Tokenised World with the community in Bogota, Colombia.
StakeChaiin Launches With First ADA Staking Pool on Cardano
Aenco Technologies has announced the launch of its first Cardano (ADA) staking pool for the public on StakeChaiin. The dedicated staking platform has been designed to provide consistent rewards for users in a transparent and cost-competitive manner.
The StakeChaiin platform offers an easy-to-use online engagement portal for both novice and power users. It enables them to stake and/or delegate their digital assets across a growing universe of promising Proof-of-Stake (“PoS”) blockchain networks.
The release of StakeChaiin’s first public Cardano (ADA) staking pool means the community can start delegating the network’s native tokens. In doing so, they will contribute towards securing one the most promising layer 1 blockchains and earn network rewards. The StakeChaiin pool is operated as a network node for the Cardano blockchain and its staking pools can be found here:
Pool ID: e523d0b6e3cdca996ccb1e1668db22bc9bcc576a4fb096bca46f83a9
BECH32 Pool ID: pool1u53apdhreh9fjmxtrctx3kezhjduc4m2f7cfd09yd7p6jkc6k2z
Cardano is a third-generation, decentralised PoS blockchain network that powers the Cardano cryptocurrency and other applications. In addition to the Cardano coin, which trades under the symbol ADA, the Cardano network is useful for smart contracts and other distributed applications. There are three organisations that play an important role in the Cardano ecosystem.
The network is maintained by the nonprofit Cardano Foundation, which is responsible for its governance and advancement. EMURGO is one of the founders of Cardano and is deemed the for-profit arm of the network involved in driving its commercial adoption. Blockchain infrastructure firm IOHK is the third partner, providing technology and engineering insights to the network.
Recommended delegation gateways for Cardano:
1) YOROI Wallet – a browser-based wallet developed by EMURGO
2) DAEDALUS – a full-node wallet developed by IOHK
For more information, please visit: https://www.stakechaiin.io
About Aenco Ecosystem
Aenco Ecosystem encompasses Aenco Smartcap Limited, its operating subsidiaries, and its network of ecosystem partners, together forming a blockchain-focused technology and capital fulfilment group (“Aenco”). Aenco’s business activities channel technological and financial resources into the global drive towards the next iteration of the Internet; i.e. a more open, decentralised, and community-powered Web 3.0.
Through a combination of in-house development and management of blockchain infrastructure at Aenco Technologies, Aenco is securing and validating transactions on scalable protocols. It is also working with industry partners in bringing applications, custody, digital services, financial products, and use cases for blockchain and digital assets to the community.
Aenco is on a mission to blend the activities of securing the most promising blockchain networks, together with innovating digital-first financial products and distribution methods backed by rewards of its blockchain infrastructure. Work with us to create a perpetual ecosystem of technology and capital fulfilment, powering core technologies for a more resilient, equitable, and inclusive future!
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