News
CrossTower to Acquire BEQUANT and Launches the Industry First ESG Crypto Fund
CrossTower, the global cryptocurrency trading platform, announced that it has reached an agreement to acquire BEQUANT, a leading prime brokerage and digital asset exchange, for an undisclosed amount. CrossTower also announced the launch of the first ESG Crypto Fund, in partnership with the Lydian Group, to invest in and rebuild companies that have promising futures.
BEQUANT, with its institutional trading and prime brokerage platform, will enable CrossTower to expand its suite of professional grade products for a global market, covering the US, Bermuda, Europe, Latin America, and Asia. Through this acquisition, CrossTower will add over 600 professional exchange clients, generating over $400 billion of yearly turnover with more than a dozen exchanges connected to its platform.
The ESG Crypto Fund will invest in companies focused on:
1) Environment – The industry must become smarter at managing energy costs, given the reduced asset pricing and the overall cost of energy.
2) Social – The industry image has been tarnished by a few players’ greed. We need to put the people and the democratization of finance back into the center of what makes crypto important.
3) Governance – The biggest failure of the companies in trouble today has been the human failure. There needs to be proper governance – a proper board structure; related party checks and balances; and traditional business expertise. Crypto companies need to change to recreate value.
This transaction has been backed by the Lydian Group, founded by tech industry veterans Gerard Lopez, Co-Founder of Mangrove Capital and global tech investor, and Greg Fishman, tech entrepreneur and software architect in AI technology.
The Lydian Group leadership and board includes:
- Chris Davis – Chief Marketing Officer and Senior Vice President of New Balance
- Lars Fjeldsoe-Nielsen – Founder of 2xN and former General Partner of Balderton Capital
- Gavin Patterson – President and Chief Strategy Officer of Salesforce and former British Telecom CEO
- Mark Tluszcz – Co-Founder of Mangrove Capital Partners and Chairman of Wix.com
- Alex Zubillaga – Founder of 14W Capital, formerly an Executive at Warner Music Group, and Advisor to Spotify
Lydian Group sees a massive opportunity for a clean and necessary reset of the digital asset market. The last few months have shown the limitations brought to the market by the lack of experience of many founders in managing assets and customer funds; amateur governance models; a lack of reporting; a lack of transparency; and, in general, reckless behavior of stakeholders with large asset pools. This reset can only happen around management teams that are experienced in building traditional money management processes, while embracing new asset classes, innovative technologies, and a deep understanding of necessary regulations and processes.
The Lydian Group founders have established some of the largest players in this space from media to digital wallets and metaverse development companies. Lydian Group’s media arm is Cointelegraph, which boasts a 44% market share and over 130 million users globally. It is an absolute powerhouse when it comes to informing and educating the crypto and digital asset industry. Other companies controlled by the founders include Verse Estate, Seamm, Stevia, Coin360, and others.
Through this acquisition, CrossTower will now become a focal point for the industry reset and consolidation, using its newly launched ESG Crypto Fund.
Kapil Rathi – CEO of CrossTower said: “We are stabilizing an industry with incredible promise; regaining trust; and rebuilding the future of finance. Rebuilding requires capital and a management team with regulatory and operational expertise. With the launch of our fund and the BEQUANT acquisition, we are positioning CrossTower to lead the growth of this industry, with proper regulatory oversight, integrity, and accountability.
George Zarya – Founder and CEO of BEQUANT said: “The market requires consolidation for the next stage of its maturity. Undoubtedly, the market will continue to grow and evolve with stronger regulation and with larger balance sheets, and it will earn back the trust of investors. We are uniquely positioned to bridge the gap with traditional finance and to modernize financial infrastructure. The combination of BEQUANT and CrossTower will allow us to have a truly global reach.”
Gerard Lopez – CEO of Lydian Group said: “We have watched how this industry, which has massive potential to change global finance, has been brought to a dangerous state by the lack of professionalism and transparency managing vast amounts of client assets. For the last 25 years, we have always backed invocation in technology with real-life experienced management. We have generated billions of dollars in return for our stakeholders, while building solid companies that perform over time. The choice of the people managing CrossTower, and the experience of our board members, are all necessary to the group succeeding in helping this industry back to its required strength and trustworthiness.”
Greg Fishman – CIO of Lydian Group said: “I focused my career on the evolution of structures on top of basic software layers. We have experienced several market cycles and we are in a current market meltdown. This is a critical moment and an exciting moment. Poor businesses are being cleaned up making the way for promising technology stacks, pure web3.0 and decentralized virtual worlds. By uniting CrossTower and BEQUANT, we create an organization that is built for safety, transparency, and trust. During the next market cycle, the whole industry must focus on building for the people.”
News
Etherland Tecra Space Crowdfunding Goes Live
The Etherland Tecra Space campaign has officially gone live, giving participants the opportunity to stake their claim in a real-world assets (RWA) blockchain project that approaches on-chain real estate with a unique angle.
This campaign aims to accelerate the development of innovative RWA solutions powered by blockchain technology for the real estate industry. In the months leading up to the crowdfunding initiative’s launch, Etherland’s native $ELAND token has appreciated by over 300% as the project positioned itself at the forefront of the RWA narrative.
Tecra contributors will earn exclusive rewards through a tiered system offering a variety of perks based on their level of support. The Etherland team is leveraging the campaign to redefine the real estate market with document management tools powered by blockchain technology.
Etherland’s RWA Vision and the Tecra Space Campaign
The traditional real estate sector is fraught with inefficiencies, from outdated paperwork systems to reliance on intermediaries. These complexities lead to delays, increased costs, and a lack of transparency for buyers, sellers, and investors.
Etherland’s mission is to disrupt these outdated practices by harnessing the power of blockchain technology. Their focus lies in developing innovative solutions for RWAs, centered explicitly around streamlining property transactions, enhancing security, and unlocking new investment opportunities.
Funds raised through the campaign will directly fuel research, development, and expansion of essential tools and technologies. This translates into building a robust ecosystem where complex real estate processes can be simplified, creating efficiencies that benefit all stakeholders.
Etherland’s RWA solutions offer tangible benefits. Secure and tamper-proof records facilitate faster transactions with enhanced transparency, minimizing the risk of errors or disputes. New forms of asset-backed financing and real estate investment models become possible, potentially making the market more accessible.
Tiered Rewards: Earning Exclusive Perks
The Tecra Space campaign features a reward system designed to incentivize participation and recognize the contributions of supporters at different levels. Contributors can select a tier that aligns with their desired level of support, with increasingly valuable rewards unlocked at higher tiers.
Types of Rewards
The rewards offered through the Tecra Space campaign span a wide range to appeal to various interests. Every reward tier comes with a tradable NFT certificate, which gives the holder voting power in the Etherland DAO; the number of votes afforded to users increases as they move up the reward tiers.
Bonus minting credits can also be earned, which will unlock exclusive features, including staking bonuses. Top contributors are offered exclusive, limited-edition merchandise linked to especially NFTs.
Top-Tier Exclusivity
The highest tiers within the Tecra Space campaign earn rare, unreleased NFTs from Etherland’s established collections or custom NFTs designed exclusively for the campaign. Top-tier contributors are also eligible to obtain cutting-edge HoloFans, devices that enable 3D holographic displays of blockchain-linked NFTs. In addition, top-tier NFT certificates give users a particularly large number of votes in the DAO, which will make them key players in the decision-making processes driving Etherland forward.
Beyond the Rewards: Shaping the Future of Real Estate
Arguably, participation in the Tecra Space campaign offers something even more profound than rewards; it presents the opportunity to actively shape the real estate industry’s future. Every contribution helps advance real-world solutions that can potentially disrupt legacy real estate processes for the better.
By supporting this campaign, contributors become part of a community dedicated to building a more efficient, transparent, and accessible real estate ecosystem. The innovations planned by the team aim to streamline real estate transactions, enhance security measures, and unlock new investment models.
Etherland’s RWA technologies extend beyond immediate applications within the real estate sector. The platform’s focus on secure document management, tamper-proof records, and reliable asset tracking provides a solid foundation for use cases across various industries.
Therefore, contributors to the Tecra Space campaign play a pivotal role in driving innovation, which has far-reaching implications for redefining how we interact with real-world assets in real estate and other sectors.
Final Thoughts on Etherland’s Tecra Space Crowdfunding Initiative
The Tecra Space campaign launched on April 9th, marking a significant milestone in Etherland’s journey to revamp the real estate industry with blockchain-powered RWA solutions. This campaign offers the opportunity to earn exclusive rewards and become a key player in the DAO while driving innovation and shaping the future of on-chain RWAs. Become a part of Etherland’s journey by visiting the official Tecra Space page today.
News
Covalent (CQT) Announces Grants Program & API Credits for Cronos Ecosystem, Supercharging Future Web3 Innovation
In a significant step toward fostering innovation in Web3, Covalent is excited to announce that it is extending its grants program to developers within the Cronos ecosystem. This strategic move aims to catalyze innovation and collaboration by providing support and resources to projects building on top of Covalent’s API infrastructure within the Cronos network.
Covalent stands out as an unparalleled solution for Cronos developers seeking to enhance their projects with real-time, historical onchain data. With the capacity to query data from over 100 billion decoded transactions across 225+ blockchains, Covalent’s Unified API stands as the largest and most comprehensive structured Web3 dataset. Noteworthy for its cryptographic security and adherence to enterprise-grade reliability, Covalent’s dataset further distinguishes itself by offering decentralized means of accessing Web3 data–driving innovation within the Cronos ecosystem.
Key to fostering innovations in categories including decentralized finance (DeFi), AI and machine learning, gaming, NFTs, analytics, and more, this extensive access equips Cronos developers with a fundamental foundation for innovation across a diverse array of blockchain use cases. By leveraging Covalent’s API, developers can tap into a rich reservoir of structured data that fuels their dApps, enabling them to gain valuable insights and drive innovation with confidence.
Through the Covalent API Grants program, developers within the Cronos ecosystem have the opportunity to receive expert mentorship and funding of up to $25,000 in API credits to support their projects. This financial support not only accelerates development but also fosters a dynamic ecosystem of innovative solutions on Cronos, propelling the platform’s growth and impact.
Since its launch in fall 2023, the Covalent Grants program has awarded nearly $600,000 to 40 groundbreaking projects, spanning a wide range of categories from DeFi to data analytics to security enhancements and crypto AI projects. With the largest set of verified onchain data in Web3 at their disposal, developers on Cronos have the tools they need to build and innovate with confidence.
This announcement represents a shared commitment to advancing blockchain technology and empowering developers worldwide. Through collaborative initiatives like this, Covalent and Cronos aim to democratize access to data and foster a thriving ecosystem of decentralized applications, driving the next wave of innovation in the blockchain space.
About Covalent
Covalent (CQT) is the home for Web3 data, enabling millions of users to build the new economy of products in AI, Big Data, and DeFi. Its deep commitment to democratizing access to structured data is delivered through a singular Unified API for everyone. A pillar of the DePIN ecosystem, Covalent serves developers, analysts, innovators, and 1000’s of customers with comprehensive, real-time data access to +225 blockchains and growing. Learn how Covalent is building the long-term data availability ‘Ethereum Wayback Machine’.
About Cronos
Cronos is the leading Ethereum-compatible layer 1 blockchain network built on the Cosmos SDK. Supported by Crypto.com and more than 500 app developers and partners, its mission is to make it easy and safe for the next billion crypto users to adopt Web3, with a focus on decentralized applications in the DeFi, NFTs and GameFi verticals.
Altcoins
Xuirin Finance a pioneer for DeFi card – presale stage 1 sold out
Xuirin Finance has recently presented its DeFi card, an innovative solution designed to merge the functionalities of traditional debit and credit cards with the decentralized financial services provided by DeFi. The introduction of this card aims to facilitate daily transactions using cryptocurrencies, enhancing their integration into the global payment ecosystem.
Overview of Xuirin Finance’s DeFi card
The DeFi card from Xuirin Finance allows users to engage in a variety of financial transactions, including online purchases, bill payments, and cash withdrawals at ATMs, using cryptocurrencies. This initiative is part of Xuirin Finance’s efforts to increase the accessibility and practical use of digital currencies in everyday financial activities.
Presale stages and token distribution
During the initial presale stage, Xuirin Finance offered 15 million tokens at a price of $0.03 each, reaching a funding cap of $450,000. Following the completion of Stage 1, the company is preparing for the second stage of the token presale, which involves offering 25 million tokens priced at $0.04 each, with a funding goal of $1 million.
Xuirin Finance’s $500K mega giveaway
In conjunction with its ongoing presale, Xuirin Finance has announced a Mega Giveaway, totaling $500,000 in prizes. This giveaway includes substantial rewards for 20 winners, designed to engage and expand the community around Xuirin Finance’s offerings. Participation in the giveaway requires a minimum investment in the presale, with additional engagement opportunities provided to enhance winning chances.
Key geatures of Xuirin Finance’s offerings
Xuirin Finance has integrated several features into its DeFi card, focusing on enhancing the practicality of cryptocurrencies for everyday transactions. These features include seamless online shopping, bill payments, and ATM withdrawals with digital currencies. The initiative reflects the company’s aim to improve the infrastructure supporting the broader adoption of decentralized finance technologies.
This section still highlights the value provided by Xuirin Finance, but in a way that sticks strictly to describing features without implying enthusiasm or encouraging investment.
Future outlook for Xuirin Finance
As the presale progresses and Xuirin Finance continues to enhance its services, the company is focused on broadening the practical use of cryptocurrencies in everyday financial transactions. This initiative aligns with ongoing developments in the cryptocurrency sector aimed at enhancing user accessibility and convenience.
About xuirin
xuirin Finance is a groundbreaking DeFi platform dedicated to transforming the decentralized finance landscape. With a mission to bridge the gap between traditional finance and DeFi, Xuirin introduces innovative solutions such as DeFi Debit Cards, AI-Enhanced P2P Lending, and a secure, multi-chain DeFi Wallet. Designed for accessibility and user empowerment, Xuirin aims to redefine financial transactions, making them more efficient, transparent, and inclusive.
For additional information on Xuirin Finance and to participate in the ongoing presale, users can visit:
Website: https://xuirin.com/
Linktree: https://linktr.ee/xuirin
News
Changelly surpasses 7 million users, celebrating its 9th anniversary
Changelly, a global crypto exchange platform, marks its 9th anniversary with a new milestone of over 7 million registered users worldwide. Established in 2015, Changelly has become the leading crypto exchange platform and the trusted exchange API partner for over 500 Web3 companies.
Through precise market analysis and never-ending innovation in product development, Changelly has thrived through several crypto winters and dedicated itself to developing a sustainable and secure exchange infrastructure to simplify access to crypto. Anniversaries are the best time to reflect, so the platform has presented its key achievements and future plans for the year ahead of an even bigger landmark — its 10th anniversary.
Driving a User-Centric Narrative: Expanding the Assets and Products
‘Anything to anything’ is a concept Changelly implemented within its product portfolio, offering plenty of swapping options for all popular and trending coins, blockchains, and trading pairs. Since its previous anniversary, the platform’s listing strategy has resulted in 208 new listings, marking an impressive 130% year-on-year increase.
Security is the cornerstone of Changelly’s operations across 150 markets: the company strictly adheres to security protocols and does not store user funds. While providing ease of authentication, the exchange platform pays special attention to security checks and assists users in returning stolen funds in case of hacks and fraud.
The Changelly team prioritizes the optimization of the customer experience for its core exchange product. Its mobile app helps its users swap crypto-to-crypto and fiat-to-crypto on the go at the most competitive market rates, thanks to partnerships with over 20 crypto trading platforms.
Besides, the platform is dedicated to regular updates and enhancements to its UI/UX design, ensuring it’s user-friendly for all expertise levels: the smooth usability and onboarding experience is proven by the fact that Changelly saw a growing percentage of mature audience (50+ years old).
Overall, Changelly has grown a dedicated community by educating users with the Changelly blog that provides helpful guides, an informative Crash Course, and price predictions for over 1.5M monthly readers. Meanwhile, the dedicated 24/7 live customer support reached an average response time of less than one minute and strives to help users with every issue they may face.
Harnessing Crypto Payments and Exchange API for Global Business Growth
Building a CeDeFi ecosystem, Changelly expands its product portfolio with solutions that synergistically help businesses benefit from the advantages of Web3 and blockchain with no limits and borders.
With confident leadership in its core category, Changelly, as a provider of crypto-to-crypto and fiat-to-crypto exchange APIs, has won the trust of the crypto industry leaders — Ledger, Trezor, Exodus, Tonkeeper, Tangem, and many others. For its partners’ growth, Changelly expands the variety of available assets, improves swap pricing, and offers 0% service and flexible exchange fees.
Last year, Changelly completed its ecosystem with the merchant payment solution Changelly PAY, which offers custom crypto checkouts for 80+ crypto coins and tokens with instant settlement and flexible fee management. Among other remarkable achievements in 2023, there was a launch of the fiat on-ramp API to meet the growing market demand.
Not Afraid to Face Challenges and Level Up
Speaking of the future of Changelly, its CEO Jake Cormack comments: “Our priorities are to develop our products, list new tokens across different chains, and serve users on a global scale. We are working on expanding our presence and reaching new markets with tailored offers. From the B2B perspective, Changelly will continue to grow the partner network for the exchange APIs and focus on the merchant payment gateway, on-ramp, and off-ramp solutions.”
About Changelly
Changelly is a global crypto exchange platform serving over 7 million users worldwide. Founded in 2015 and headquartered in Hong Kong, Changelly offers safe and fast crypto-to-crypto and fiat-to-crypto exchanges of over 100,000 trading pairs with 24/7 live customer support. As a CeDeFi ecosystem, Changelly provides its B2B partners with an instant exchange API, a platform for listing, and a DEX aggregator for decentralized swaps.
Business
New Collaboration: IPMB Partners with Sumsub for Enhanced Security and Customer Experience
Today Sumsub, a leading global verification provider, is pleased to announce a new collaboration with International Precious Metals Bullion (IPMB), the only truly vertically integrated token operation in the world. IPMB manages the gold supply chain from the mine to the cloud, and in the vault.
IPMB has teamed up with Sumsub to secure continuous Transaction Monitoring, Know Your Customer (KYC) and Know Your Business (KYB) checks. This collaboration will allow IPMB to ensure smooth verification processes for both individual users and legal entities, and to stay protected from digital fraud throughout the customer lifecycle.
IPMB aims to provide people and organizations with reliable, safe and secure access to gold. Utilizing a dual-token model that comprises a gold-backed hybrid payment/utility token (IPMB) and a stablecoin (GeM NFT), the company offers compliant asset-backed digital products that can be redeemed in the physical form. By integrating Sumsub’s AI-driven solutions into its ecosystem, IPMB continues to drive blockchain innovation and maintain high customer acquisition rates while thwarting fraud.
“We are thrilled to embark on this exciting journey with Sumsub, a trusted global leader in verification and fraud prevention technologies. Together, we are poised to streamline our KYC/KYB processes, ensuring seamless onboarding for our clients while fortifying our defences against fraudsters. This alliance marks a significant milestone in our mission to provide the world access to economic freedom, and we look forward to the opportunities it brings our customers and stakeholders,” says John Vakis, Founder & CEO at IPMB.
“We are excited to start our collaboration with IPMB, a future-driven tokenized gold provider,” adds Andrew Sever, co-founder and CEO of Sumsub. “Gold ownership is usually considered a very conservative industry and it is astonishing that advanced blockchain technologies now allow people across the world easy access to this kind of investment. Coupled with providing responsible gold mining and sourcing, this innovative project corresponds with Sumsub’s mission of building a safe and inclusive digital future. So we’re eager to see the results of our companies’ cooperation.”
About Sumsub
Sumsub is a full-cycle verification platform that secures the whole user journey. With Sumsub’s customizable KYC, KYB, Transaction Monitoring and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business.
Sumsub has over 2,000 clients across the fintech, crypto, transportation, trading, e-commerce and gaming industries including Binance, Wirex, Avis, Bybit, Huobi, Unlimit, Flutter, Kaizen Gaming, and TransferGo.
About IPMB
IPMB (International Precious Metals Bullion) is a hybrid payment/utility token. The IPMB Ecosystem offers direct access to physical gold, allowing exposure to the stability of gold and the speed and security of the blockchain through a dual-token model. Through this innovation, IPMB is striving to change the gold industry forever.
IPMB vertically integrates the entire gold supply chain onto the blockchain. This allows us to optimise access, traceability and quality assurances in gold ownership. We use this solution to provide the world access to a gold-backed hybrid utility/payment token, $IPMB, and also access to the most affordable investment-grade gold on the market via our GeM NFT, a stablecoin product that waives all fees associated with modern-day gold ownership.
IPMB aims to provide the world access to economic freedom and opportunity, giving choice and control to accelerate a global transition to a low-cost, unified and transparent global currency. ‘From the mine to the vault, and in the cloud’, IPMB manages and operates physical gold production, sourcing, beneficiating, exporting, refining, stamping and vaulting of gold.
The IPMB Ecosystem is at the heart of the IPM Group, a group of companies spanning three continents and five countries.
Business
Cardano Spot & TapTools Join Hands For News & Data Sharing
Cardano Spot offers its News API to Cardano native projects for free. Meanwhile, the TapTools platform leads the data aggregation for Cardano markets.
Singapore (1st April 2024): Cardano Spot is thrilled to announce a partnership with TapTools, Cardano’s native assets data aggregator. Cardano Spot, the first Cardano Social network, strives to educate and spread awareness about the ecosystem. This collaboration focuses on bringing the latest crypto news to the community.
Enhanced Visibility
The partnership is a significant move towards fostering a better understanding of the Cardano ecosystem, using accurate data and news updates within the Cardano community. Cardano Spot and TapTools facilitate comprehensive information and data insights to empower degens.
“Cardano Spot aims to educate the community and onboard new users to the ecosystem. Our strategic partnership with TapTools will optimise our efforts to provide accurate data reporting and enhanced news articles. Our News API brings the latest updates from the Cardano blockchain and its native projects. This collaboration further complements community-generated content and brings more engagement on both platforms,” stated Anuj Chaudhary, Content Head of Cardano Spot.
“Integrating Cardano Spot’s news articles into our platform is a great step forward in spreading awareness, and we’re thankful to be working together to provide great news and updates to the community,” said James Cadena, COO & Co-Founder, TapTools.
Educational Content
The collaborative effort is to create informative content to educate the community about several aspects of Cardano’s decentralised finance (DeFi) segment. Both entities work closely with the native projects, guiding the ecosystem to the next level. TapTools has consistently demonstrated its commitment to simplifying the Cardano ecosystem, making it more accessible to users.
Mutual Collaboration
This collaboration depicts just the beginning of what promises to be a series of impactful synergies between Cardano Spot and TapTools. Both entities share a mutual goal of enriching the Cardano experience for users. Reporting on the latest developments with accurate data will help to create impactful content and research papers.
In a nutshell, the partnership between Cardano Spot and TapTools signifies a shared commitment to promoting transparency, accessibility, and education within the Cardano ecosystem. Through this collaboration, users can expect enhanced access to timely and informative content, further empowering them to engage with and understand the evolving landscape of Cardano.
About Cardano Spot
Cardano Spot is an emerging Web3 social media platform developed with the Cardano community at its core. It is a home for Cardano enthusiasts, where users can stay updated with the ecosystem. They can also grow through insights into the market and connections with the community.
About TapTools
TapTools is an all-in-one data platform for Cardano native assets. The TapTools Pro suite comes with important tools like hot wallets, wallet profiler, volume profiler pro, and distribution pro. These tools are crucial for serious investors and traders. TapTools offers personalised watchlists for tokens, wallets, and CNFTs.
For media inquiries or further information, please contact:
Mozhalova Oleksandra
PR/Marketing Manager
[email protected]
Blockchain
Swirlds Labs Brings Open Source HashioDAO Framework to the Hedera Network, Making DAO Formation Simple, Accessible, and Inclusive for All Web3 Communities
Swirlds Labs, the team providing development and support for the Hedera network, has released HashioDAO — an open-source, user-friendly interface for creating and managing decentralized autonomous organizations (DAOs) on Hedera. HashioDAO makes it easier for communities to form, govern, and operate DAOs efficiently, using Hedera’s underlying technology. It can cater to various governance needs, responding to the need for decentralized, transparent decision-making tools that diverse communities can easily adopt.
Communities looking to establish DAOs for decentralized governance have often faced extensive technical and financial complexities. HashioDAO provides an interface that simplifies the creation and management of DAOs for users, without requiring extensive technical expertise, leveraging Hedera’s enhanced security and performance capabilities. It streamlines the management of DAOs through a web app that guides users through the entire process of launching a DAO, simplifying the technical aspects while leaving decisions and control over structure, governance, and management to the DAO creators. Users will be able to access the open-source HashioDAO code directly on Github. Swirlds Labs will also offer a free, community-hosted version of HashioDAO to support adoption and ensure accessibility.
HashioDAO offers DAO creators user-friendly access to features such as customizable governance tokens, multi-sig options, and treasury management, enabling communities to easily adopt decentralized governance models suited to their specific needs. For example, HashioDAO users can adopt token/NFT-based voting and proposal creation, without needing prior technical expertise. Emphasizing transparency, inclusivity, and participation, HashioDAO will foster greater participation in decision-making processes.
Dr. Leemon Baird, Co-Founder of Hedera and Swirlds Labs, said, “Traditional decision-making mechanisms within organizations often lack transparency and are inefficient. This reduces the trust and engagement of community members. Not only that, but setting up a DAO from scratch can be a daunting task. It can be technically complex, and require a great amount of knowledge, and development resources. We will change that with the release of HashioDAO. This simplifies establishing a DAO, to make it as simple as possible, to allow any organization or community to quickly and easily create new organizations with democratic governance.”
The release of HashioDAO follows on from other free services that Swirlds Labs has brought to Hedera in the past including the HashScan ledger explorer and the Hashio JSON-RPC relay.
About Swirlds Labs
Swirlds Labs was established with the mission to accelerate the future, built on Hedera – the most used, greenest, enterprise-grade public ledger for the decentralized economy. Our vision is to enable ‘Shared Worlds’, where anyone can gather, collaborate, conduct commerce, and control their own online footprint. We will enable this vision by continuing to provide development and other support for the Hedera network, building community and enterprise solutions that enable fast, rapidly scalable adoption of Hedera network services, and cultivating ‘moonshot’ projects that will change the way humans and organizations interact in cyberspace.
Technologies
Raindex Launches On Flare To Power Decentralized CEX-Style Trading
Flare, the blockchain for data, has announced the launch of the Raindex desktop app: a new intents-like DEX that uses the Flare Time Series Oracle (FTSO) to offer the advanced trading operations of centralized exchanges. Users can now set bid and offer prices, activate stop loss and take profit mechanisms, and replicate other traders’ strategies in a trustless, fully-permissionless, decentralized way, on-chain.
The Raindex app utilizes the intuitive Rainlang smart contract language, giving anyone the ability to design, write, deploy and manage customized token trading strategies, while leveraging Flare’s native decentralized price oracle, the FTSO, for reliable and secure asset price triggers.
Raindex achieves this with an intents-like architecture. Users can specify their desired trade outcomes without needing to define how the trade is fulfilled, potentially setting up multiple future trades as part of a strategy deployed in a single transaction. Anybody can then perform the trades on behalf of users, within the constraints of the pre-defined strategy.
For instance, a user can write a strategy to sell assets at a set price triggered by the Flare Time Series Oracle. Under the hood, Raindex facilitates this trade by acting as a matching venue for buyer and seller intents. This frees users from manual order placement and constant market monitoring.
Trusted Real-Time Asset Price Data
The culmination of more than three years of dedicated development, Raindex blends the most compelling advantages of both CEXs and DEXs into a single platform, allowing users to craft and execute Rainlang strategies without intermediaries. It provides a CEX-like trading experience with enhanced DEX-style autonomy and security, so users no longer have to give up control of their digital assets.
The platform will take advantage of FTSOv2’s new “Fast Updates” capability that delivers asset prices every block (1-2 second intervals), secured by Flare’s novel architecture, guaranteeing both price accuracy and censorship resistance. Flare offers a unique trust model for the enshrined oracles on their network as the data integrity is secured by the validators themselves. An extension of Rainlang on Flare enables FTSO data to be leveraged for trading strategies, enhancing market responsiveness while eliminating the reliance on third-party, off-chain data oracles.
Josh Hardy, Co-founder of Rain, commented: “Secure, reliable data is an indispensable part of the toolkit for anybody writing trading strategies. We’re super excited to introduce Rainlang and Raindex into Flare’s ecosystem, connect with the DeFi community and see what they create!”
Enhanced Trading Without Intermediaries
Rainlang is an innovative new programming language that’s designed to be simple to read and write. Anyone who can read and write Excel formulas can easily learn to create smart contracts using Rainlang. Traders will be able to implement their own customized strategies, including, but not limited to, dollar-cost averaging (DCA), stop losses, Dutch orders, portfolio rebalancing, market making and liquidity management and trend tracking.
With the ability to set bids and asks, stop loss, and take profit triggers, and copy trade vaults, the platform moves beyond traditional Automated Market Maker (AMM) models, offering unparalleled trade expression freedom with full on-chain execution.
“The recently announced upgrades to the Flare Time Series Oracle will enable up to 1,000 asset prices to be delivered on-chain every second or so, without sacrificing decentralization or security. Combine this with Rain’s intents-like DEX and you enable much of the functionality of a centralized exchange but without the risk of needing to custody your assets with a third party,” said Hugo Philion, Flare Co-founder and Flare Labs CEO.
The comprehensive Raindex desktop app provides an all-encompassing set of tools for traders to devise and write their strategies, with the ability to simulate its performance before deploying it on-chain. Users can simply express what they want using Rainlang, deposit their tokens into vaults and then deploy their order when the time is right, with Raindex’s app providing real-time performance monitoring.
To celebrate its launch on Flare and entice the community to show off its trading skills, Raindex is staging a trading contest that will run throughout May 2024, with a total prize pool of $12,000 available for those who can create the most profitable trading strategies using Rainlang.
About Flare
Flare is the blockchain for data: an EVM smart contract platform specifically designed to support data intensive use cases, including Machine Learning/AI, RWA tokenization, gaming and social. With decentralized, enshrined oracles secured at the network layer, Flare is the only smart contract platform optimized for decentralized data acquisition – price & time series data, blockchain event & state data, and web2 API data. By giving developers trustless access to the broadest range of data and data proofs at scale and for minimal cost, Flare expands the utility of blockchain and supports the development of new and improved use cases.
About Raindex
Rainlang is DeFi’s native language on EVM. Entirely onchain, it promotes accessibility and decentralization by making smart contracts easier to read and write. Raindex, leveraging Rainlang, introduces a new DEX concept where orders are smart contracts, enabling complex, algorithmic trading strategies to be created and executed onchain. Rain’s mission is to foster innovation and inclusivity in smart contract development and DeFi.
Blockchain
Paragon Network Unveils Test Net, Showcasing Breakthrough Capabilities in Decentralized Computing
Excitement fills the air as Paragon Network, the pioneering force in decentralized computing, announces the launch of its highly anticipated Test Net. This significant milestone marks a pivotal moment in the evolution of Paragon Network, as it solidifies its position as a leader in the realm of Layer-1 protocols for smart contracts.
“We’re thrilled to announce that our Test Net is now live, and we extend our gratitude to the $PARA community for their patience,” says a representative for Paragon Network. “Paragon Network stands as a Layer-1 protocol for smart contracts, employing a sharded proof-of-stake (PoS) system capable of processing up to 1000 transactions per second.”
Paragon Network is not just another blockchain project; it’s a game-changer in the world of decentralized computing. Combining a modular, EVM-compatible Layer 1 infrastructure with a Delegated Proof-of-Stake (DPoS) consensus mechanism, Paragon Network offers users unparalleled security, scalability, and accessibility.
The Test Net rollout showcases Paragon Network’s commitment to innovation and excellence. With efficient sharding technology at its core, Paragon Network offers unmatched scalability and performance, capable of processing transactions at lightning speed while maintaining full compatibility with Ethereum’s infrastructure.
Transactions within Paragon Network aren’t settled directly on Ethereum. However, the network preserves full compatibility with Ethereum’s infrastructure. The native token of Paragon Network, $PARA, facilitates this compatibility, thanks to efficient sharding technology, significantly reducing the computational demands of running a node on the network.
As Paragon Network gears up for its official launch, the team remains focused on its mission to establish a decentralized chain dedicated to distributing cloud computing power and forming the Cloud Computing Alliance (CCA). By hosting all other cloud computing networks on ETH and migrating them to #PARAGON, Paragon Network aims to revolutionize the cloud computing industry.
“We’re entering an exciting new era of decentralized computing, and Paragon Network is at the forefront of this revolution,” concludes the Paragon Network team. “We invite enthusiasts, developers, and enterprises alike to join us on this journey towards a future powered by decentralized technology.”
To join the Paragon Network Test Net and experience the future of decentralized computing firsthand, use the following information:
- Network Name: Para Test
- RPC: http://65.109.19.70:8545
- Chain ID: 1993
- Currency Symbol: PARA
- Explorer: http://65.109.19.70:4000
Paragon Network is more than just a project; it’s a movement toward a future where decentralized technology is accessible to everyone. Join us as we revolutionize the world of cloud computing and GPU network tokenization with Paragon Network.
For more information about Paragon Network and how to get involved, visit Paragon Network’s official website at https://networkparagon.io/. To be a part of the Paragon Network community, join the official Telegram channel at https://t.me/Network_Paragon.
About Paragon Network
Paragon Network is a decentralized computing platform that aims to democratize access to decentralized technology. With its modular, EVM-compatible Layer 1 infrastructure and DPoS consensus mechanism, Paragon Network offers users unparalleled security, scalability, and accessibility. By integrating Real-World Assets (RWA) and employing AI-driven security measures, Paragon Network is revolutionizing the landscape of cloud computing and GPU network tokenization.
Website: https://networkparagon.io/
Technologies
Waterfall Network Launches New Desktop App for Windows and macOS
Waterfall Network, the decentralized and scalable ledger, today announced the release of a new desktop app for Windows and macOS that now allows almost anyone to easily set up their own node on the blockchain. With one-click setup, users only need to download and open the app, their Metamask (or any EVM) wallet, and they will have a full node running in sync with Waterfall Network.
Once users are connected, they can activate the node to receive stake amounts and rewards, view network status and connected peers, manage block producers on the node by creating or removing them, check balances, use external SSD drives as a data storage device, and customize other node settings.
“Supporting the Waterfall Network is now simpler than ever,” said Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research. “This is not only an easy way for even novices to participate in the benefits of a blockchain, but this will also open up Waterfall node participation to a whole new class of user that will prove vital to building Waterfall before we publicly launch the mainnet.”
The Waterfall Network continues to streamline and expand its scale in anticipation of the launch of its mainnet. The Waterfall Network protocol has been optimized to achieve loads of 10,000+ transactions per second, with other optimizations and improvements, including faster synchronizations in parallel, improved search for new peers, automatically unlocked validators, improved reliability in optimistic consensus, randomness creation, new transaction gas estimates, and storage optimization. Waterfall is also continuing to develop and implement fast synchronization, simpler mnemonic phrase mechanisms, and reduced consumption of disk space.
The Waterfall Network protocol is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Its protocol incorporates an innovative “Directed AcyclicGraph (DAG)” technology that allows for virtually unlimited scalability and portability of decentralized applications (dAPPs) with low processing power requirements that allow anyone to run a validator node from even low-cost laptops and mobile phones.
To download the new Waterfall Network desktop app or for more information, please visit https://waterfall.network/.
About Waterfall Network
Waterfall is a versatile layer one (L1) smart contract platform that solves the “blockchain trilemma” of security, scalability and decentralization while offering the first truly decentralized governance platform. Waterfall’s unique approach utilizing what is called a “Directed Acyclic Graph (DAG)” achieves this by allowing anyone to run a validator node from any device, including low-cost laptops and in the future mobile phones. Waterfall is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Waterfall utilizes a “one person one vote” system in which money can’t buy power. It is connected via two-way bridges to other popular protocols including Ethereum, BSC, and more to come.
Waterfall is the leading layer one (L1) architecture to combine scalability and decentralization, all while offering a truly decentralized governance platform. Waterfall’s Directed Acyclic Graph (“DAG”) achieves and allows it to run a validator node from any device, including low cost laptops and in the future mobile phones. Waterfall utilizes Ethereum Virtual Machine (EVM), allowing for portability of decentralized applications (dAPPs), and has very low hardware requirements for the participants to become validators.
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