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Kryptopal ICO

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Kryptopal

KryptoPal – is a new SDK (software development kit) platform that will allow different dApps to make crypto payments and transactions from anywhere in the world with any cryptocurrency. KryptoPal is developing an ecosystem that will include various tools for developers who will be able to use their habitual programming language and enjoy all the advantages of the decentralized platform in non-centralized programs. KryptoPal will work for a wide variety of applications such as wallets, remittance services, payment networks, eCommerce, gaming, banking systems, etc.

Even though there has been a widespread acceptance and enthusiasm for blockchain and cryptocurrency, there are certain barriers that stop them from being accepted into everyday routine due to issues such as new technology, lack of documentation, infrastructure, and development tools. In addition to the existing problems, it restricts people from performing real-time transactions like they are currently accustomed to.

Project name KryptoPal
Token symbol KPX
Type of token utility
Network Ethereum, ERC-20
Website https://kryptopal.io/
White paper Open WhitePaper
Hard cap $30 million
Price 1 KPX = $0.4
Total Tokens Supply 1,000,000,000 KPX
Tokens for Sale 500,000,000 KPX
Country USA
Team 6 core members/7 advisers/3 agencies
Public Sale Date August 8 – October 6, 2018
Public Sale Conditions KYC, AML

Product description

The KryptoPal platform consists of a Software Development Kit (SDK), an extensible Application Programming Interface (API), the KryptoX token (KPX), and secure Smart Contracts and payment channels.
To gain access to all the benefits of the Ethereum ecosystem, a developer using a KryptoPal platform for an existing application should be able to connect to the platform. This application will be connected to other applications and will provide users with the ability to perform a wide range of transactions. Existing applications (it might be any program or device) will be easily connected to decentralized technologies and gain access to encryption of transactions and smart contracts. Another benefit is blockchain technology speed of implementation. Developers do not need extra skills to review documentation.

Benefits

  • Existing applications can be easily integrated into the ecosystem, their users won’t be forced to switch to a new tool.
  • The project helps to implement blockchain in everyday life, simplifying technology usage and saving time for application developers.
  • Creation of a unified system of transactions, that works in µRaiden network progressive network with low fees.

Ecosystem

The KryptoPal ecosystem includes:

  • Software Development Kit (SDK): can be integrated into any existing application, connects this application to Ethereum blockchain, which means global connection to other applications in the network.
  • Extensible Application Programming Interface (API): The KryptoPal platform works by wrapping a set of API endpoints into easy-to-consume SDKs for developers, which will enable fully powered blockchain functions.
  • KryptoX token (KPX): Platform fuel and the main element which will unlock the access to API features and transactions, will be used to cover transaction fees, as a user reward, as an instrument for instant micro transactions.
  • Secure Smart Contracts: Will be easily integrated into applications allowing developers to integrate automate payments.

Payment channels: May be opened using µRaiden network. By allowing users to lock tokens on-chain and trade balance proofs in real time, these channels allow application providers to connect to their consumers and enable real-time zero-fee transactions. When either party chooses to close the channel, their balances are updated to the blockchain using the last balance proof.

Tokenomics

KPX is a utility token. KryptoPal’s goal is to reach the majority of current and future crypto users. KryptoPal estimates crypto users will be 1% of the total population by 2022 or 2% of the total app users that exist today. With this conservative approach, 80 million KryptoPal users will be generated.

The token provides users with access to premium API features and integrates the application with mainstream applications worldwide. They help facilitate real-time micropayment channels with zero fees and reward users with tokens.
The token transactions happen on-chain in the Ethereum blockchain. The blockchain-based functionality allows users to register and provides permission for their identities. Alternatively and more securely, users may register their identity within a “User Identity registry” smart contract.

Market and competitors

The industry’s request for convenient API for cryptocurrency transactions has been around for a long time. There are a huge number of projects that have been offering the similar functionality for bitcoins for a long time already on the market (NeurowaveTierionFactom AlphaCoinbase itself, Blockchain project, BitcoreColuGemBlockCypherChromaWay and others), however for the ethereum-based tokens the choice is not so great. With the right approach to the issue and successful marketing, they will have the opportunity to gain a foothold in the market as a reliable tool.

The main competitors are:

  • Ripple is the most known platform at the moment, which allows you to send money around the world in a quick and reliable manner. Financial companies and businesses eagerly use the token to reduce the cost of transactions.
  • Coinbase is mainly a crypto wallet and crypto exchange that allows exchanging Bitcoin, Bitcoin Cash, Ethereum, and Litecoin and fiat currencies in around 32 countries.
  • Raiden Network is an off-chain scaling solution, that works with any ERC20/223 compatible token, enabling fast, cheap and scalable payments. Its goal is to research a so-called “state channel” technology, define protocols and develop reference implementations.
  • OmiseGO is a public Ethereum-based financial technology for mainstream digital wallets. It enables real-time, peer-to-peer value exchange and payment services across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network, SDK and digital wallet framework.
  • TenX is a solution provider that allows users to convert and spend some leading cryptocurrencies through the use of a debit-like card. A cardholder can easily monitor and maintain their security settings, portfolio spending, daily spending and withdrawal limits. TenX is equipped with a banking license and debit card system that will help establish it as a payment network for the real-world to connect with the blockchain ecosystem.
  • Civic offers a solution called Secure Identity Platform (SIP), that uses a verified identity for multi-factor authentication on web and mobile apps without the need for usernames or passwords.
  • Infura exposes a number of API endpoints that allow applications to interface with decentralized solutions like the InterPlanetary File System (IPFS) and Ethereum full nodes.

KryptoPal is a single solution that combines the functionality of the platforms considered above into a single SDK.

Delivery

The roadmap shows that the team has eagerly approached concept development of the project, since it took them almost a year to get from the idea creation in January 2017 to the first alpha versions of the product. The next step was the growth of the team, after which the development, as seen on the roadmap, significantly accelerated. Since December 2017 (launch of the test network) to March 2018 (SDK alpha), the team did a great job. However, it should be noted that since April the roadmap document has not been updated, which again can be attributed to the shortage of marketers.

Team and advisory board

Both key team members and advisors have relevant experience but do not have experience in widely known international companies. Lack of understandable international experience can be considered a disadvantage. Especially in the case of advisors, it’s always better to see some serious figures who could help the company with entering international markets and establishing connections with the largest investors.

Also, as a disadvantage, we note that the section of the team does not mention any expert software engineers who are directly involved in the development of the product, and there is no possibility to evaluate their experience of working on blockchain projects.

Executive team

  • Venkat Nallapati, CEO, is an experienced entrepreneur who has worked for Fortune 500 clients such as Honeywell, American Express, American Airlines, Best Western International, CIGNA, Aetna, Walmart, ING and Michelin Tires. LinkedIn profile
  • Jaycen Horton, CTO is a specialist in building peer-to-peer applications by leveraging the latest in smart contract technologies and combining it with familiar yet cutting edge user experience technology.  LinkedIn profile
  • Jane Kanter, CRO, is a regulatory expert and has more than 35 years of experience counselling businesses about legal, regulatory and compliance matters. Most recently, Jane served as Chief Operating Officer and General Counsel of ARK Investment Management LLC, a registered investment adviser located in New York City.  LinkedInprofile
  • Jorge Sanchez, CMO, also works as a fellow at VentureWell and was a Digital Marketing Specialist at Spear Education. LinkedIn profile
  • Camille Evans Paterson, Community Relations, is an author, app creator, digital marketer, entrepreneur and teacher specializing in communication, responsible for supporting the KryptoPal community. LinkedIn profile
  • Christophe Bosquillon, Chief Economist, provides Foreign Direct Investment (FDI) decision support & strategic risk assessment to various industries & governments.  LinkedIn profile

Advisors

Advisors board includes 6 experts specializing in marketing, business strategy, digital and blockchain startup strategy and technology. All the advisors claim to have a long experience in the industry, have working LinkedIn profiles but their actual places of employment are either local or peripheral. Team doesn’t publish any external links to advisors’ profiles and it makes more difficult the process of information verifying.

  • Jeffrey Willenbrink, Marketing Advisor, works as a self-employed marketing technologist helping clients to tune websites with digital marketing solutions for e-commerce  Has a website,  LinkedIn and Twitter profiles.
  • Mohanned Al-Anni, Business Strategy Advisor is the Vice Chairperson/Co-Founder and COO of Gulf University in Bahrain. Has LinkedIn but no foto.
  • Ravi Prasad, Digital and Blockchain Start-up Strategist. Is claimed to be the CEO of WWI, a cloud-based technology company, and is a Project Manager for Ninestars, a digital solutions company. Has no social media resources or working profile.
  • Mohammad Nauman, Technology Advisor is an Engineering Director at American Express and advisors at various startups, helping them with strategic solutions to enable business growth. Has LinkedIn profile.
  • Jo Lynn Clemens, CPCU, ARM, Advisor. Her experience includes CEO and Founder of XOXY, President of JJC Insurance Services, an insurance training, compliance and operational auditing company monitoring coverholders in the areas of Compliance, IT, Marketing, Accounting, Underwriting and Claims on behalf of Lloyds of London. Has LinkedIn profile.
  • Anthony Scarpulla, Community Advisor, works as a CCO at Blockchain Beginners. Former Senior Crypto Strategist at Vermamedia. Has working LinkedIn profile
  • Rennie Davis, Advisor. The most experienced figure at the advisor’s board. His clients have included the CEO of HBO, CEO of the Manville Corporation, officers of Time-Warner and IBM, the board of directors of Gates Rubber Company and people in the Forbes 400 Richest Has working LinkedIn profile

Agencies

Team page on the project’s website mentions three agencies, who took outsourcing functions such as legal support and work on the promotion of the project:

  • Reichlin Hess, Attorneys at Law, Tax Advisors, Blockchain and Crypto Projects
  • TechThinq, PR & Media Firm
  • KEO Marketing, Next Generation B2B Marketing

Partners

The only partnership established for now is a charity partnership with a Swiss NGO help2kids in an effort to enable donations for children in Africa.

Token distribution and token sale details

Total Token Offered 500 mln of 1 bln
Token price The price is $0.04 but will slide up during the sale depending on the whitelist position
Public Token sale Date August 8, 2018
Bounty program https://t.me/KPXbounty

 

KryptoPal pre-ICO is active since April 2018, and bounty campaign can be accessed here. KryptoPal pre-sale is for accredited investors, and the public sale is for every qualified person. Private pre-sale is currently in progress with the public main sale starting on August 8. It requires for a user to be registered, whitelisted and KYC verified in order to participate in the ICO. The team is only accepting Ethereum.

Token sale is open to all jurisdictions except USA, Canada and China. Token price will change automatically once the previous round allocation is completed. First 48 hours of public sale is open to whitelist participants only.

 

Funds Utilization

Hype

KryptoPal website monthly audience is not available due to lack of data at similarweb.com. Although their website domain was registered in September 2017, we can assume that either the site itself was launched recently, or its promotion is not sufficiently active and attendance figures are low.

Source: Similarweb.com

Most of the visits are linked to referrals (70%), and about 30% come from search queries. These search requests are: project name, as well as phrases “free startfinder tokens” or “get free token”. The team also has a Github profile with low activity.

Media and community

The media activity regarding KryptoPal is quite low. There are no articles on the project itself and its technical components, but a significant increase in references was due to the fact that KryptoPal participates in a charity project in Africa.

Online image of the project shows that the marketing campaign for the project didn’t yet actively started. Social media community is small: 1,214 subscribers in Telegram group chat and 1,193 followers on Twitter. Activity in Facebook (258 subscribers) and Instagram (90 subscribers) also remains low.

We expect that the team will increase marketing activity closer to the date of public sales. However, it should be noted that such a low community activity less than 2 weeks before the public sale start looks depressing.

Risks and Potential

KryptoPal claims “to remove the barriers of mass adoption to cryptocurrency by creating a technology that would make it easier for people to use”. According to the idea of the team, KryptoPal should be a PayPal of blockchain world. Despite the ambitious aspirations, considering that the idea was created in January 2017, it is not yet clear what will allow the team to make KryptoPal a key player in the Ethereum and Ethereum-based tokens SDK market. 

Investment prospects

The project looks ambitious and will be useful for the blockchain ecosystem. However, despite the fact that the team has already launched the alpha version of SDK and the API, it is not entirely clear why the project remains unnoticed in the media field and in social media. Either this is a conscious decision of the team or a flaw. In any case, this is a serious point that might drive away investors.

The review was provided by ICObazaar.com experts

Technologies

MAKE, Casper Partners With D3 To Apply For .cspr Top-Level Domain

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MAKE, a blockchain technology innovation firm, with the support of the Casper Association, have announced an exclusive partnership with D3 Global, a next-generation domain name company developing interoperable digital identities, to apply for and obtain the .cspr Top-Level Domain (TLD) during ICANN’s upcoming application window.

By partnering with D3, MAKE and Casper aim to drive accessibility and growth in Web3, by cutting the barriers to access blockchain ecosystems and integrating existing Internet infrastructure used by over 5 billion people worldwide. The Domain Name System (DNS) is universally recognized and used by nearly all governments, and enterprises across the globe. Bridging Web3 and DNS uniquely fits Casper’s strategy of enabling long-term solutions to real-world business challenges.

D3’s patent-pending platform is set to integrate traditional Internet and Web3 ecosystems to deliver enhanced utility, security, and universal access for what the company calls ‘real Web3 domains.’ The company is set to change the status quo, setting its sights on existing Web3 naming solutions, which do not offer interoperability with traditional Internet infrastructure, including support for the DNS, browsers, email, smart devices and more.

“Our partnership with D3 will allow Casper to become more accessible and scalable than ever. Every single day billions of people across the world use domains to navigate the Internet, the .cspr top-level domain will allow us to bridge the gap between Internet and blockchain technology,” said Ralf Kubli, Director at Casper Association.

“We look forward to working with D3 to develop futureproof, interoperable digital identities that offer our users and partners a host of new functionality and utility within the Casper ecosystem. Domains are universal and will be key to onboarding and scaling Casper’s enterprise blockchain solutions,” said Michael Steuer, Co-Founder and CTO at MAKE.

“We’re excited to welcome MAKE and Casper on our journey to cut down the barriers between Web3 and Internet infrastructure. The Domain Name System has been instrumental in making the Internet accessible and navigable for over 40 years and soon it will make Web3 and the Casper ecosystem just as easy to access and explore,” said Fred Hsu, Chief Executive Officer at D3.

Through their partnership, the three entities aim to onboard the next billion users to Web3 through ‘real Web3 domains’ that will offer accessibility and seamless integration with billions of Internet enabled devices.

About MAKE

MAKE invests in and develops innovative technology in high-impact industries, such as public health and blockchain. In public health, MAKE enables policy makers to make data-informed decisions about public health policies on a global, national and local basis. In blockchain, MAKE specializes in developing secure and user-friendly solutions for decentralized ecosystems. With a commitment to innovation and a focus on delivering real-world benefits to users, MAKE is at the forefront of the blockchain revolution.

For more information, please visit: https://makegroup.io

About Casper Network

The Casper Association is the not-for-profit, Switzerland-domiciled organization responsible for overseeing the Casper network and supporting its organic evolution and continued decentralization. By seamlessly integrating with existing technology stacks, Casper empowers both small and large organizations to harness the full potential of blockchain technology and create solutions that address real-world challenges. Utilizing open web standards, Casper enables the rapid development of cutting-edge blockchain applications.

For more information, please visit: https://casper.network

About D3 Global

D3 Global is a digital infrastructure provider that delivers secure, decentralized, and interoperable identities on the root layer of the internet – the Domain Name System (DNS). D3’s patent-pending platform will be the first to deliver real domain names that seamlessly bridge the gap between traditional Internet infrastructure and Web3 ecosystems. D3 team consists of industry veterans with over three decades of collective experience, known for leading domain name monetization, internet protocols, and various TLD operations including .xyz, .inc, .tv, and .link.

Learn more about D3 at https://www.d3.app/

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Technologies

Galactica Network introduces Web3 Identity for decentralized social networks

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Galactica’s recent launch of their identity Layer 1 TestNet heralds a significant breakthrough, paving the way for under-collateralized lending and compliant Real World Assets (RWA) integration. This development holds the promise of seamlessly channeling trillions of dollars of liquidity from traditional finance (TradeFi) into decentralized finance (DeFi), reshaping the financial landscape.

Why you should care

The emergence of compliant yet privacy-preserving digital identity solutions, along with the concept of augmented reputation, represents a monumental advancement in the crypto sphere. These innovations are often hailed as the “Holy Grail” of crypto, offering a multitude of benefits.

With Galactica’s technology, expect heightened capital efficiency within DeFi, the ability to trade traditional assets such as Nvidia stocks or SpaceX equity on decentralized platforms like 1 Inch — even on weekends — and the convenience of purchasing corporate bonds or T-bills via Decentralized Exchanges (DEX). Moreover, envision securing a mortgage for a new Airbnb apartment in Tulum using your global credit score.

Beyond finance, this technology opens doors to hosting national elections securely and fostering entirely new digital communities or nations.

How it works

Galactica’s blockchain operates as a layer 1 protocol, distinguished by the introduction of groundbreaking primitives — akin to Lego building blocks — that revolutionize the landscape.

These primitives enable the creation of a compliant, privacy-preserving sovereign identity, along with the seamless validation and integration of on-chain, cross-chain, and off-chain data to construct augmented reputation systems.

Become a Galactican today and join their community, you’re still early!

About Galactica Network

Galactica Network is a layer-1 solution with the most flexible RegTech stack and DeSoc primitives. By leveraging zkKYC, dynamic whitelisting primitives and proofs over users’ Web3 footprints, it achieves a strong form of Sybil resistance and enables protocol-level, compliant privacy.

To learn more about this project, please visit its website: https://galactica.com.

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Blockchain

Saakuru Leads the Gasless Blockchain Revolution, Disrupting the Industry

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Saakuru announced some recently reached milestones in its development, which put it at the forefront of the gasless blockchain revolution currently disrupting the industry. The consumer-centric L2 protocol entered the top 5 brands in its niche within 9 months of launch. Moreover, according to data from DappRadar, it records over 1.44 million/week.

Saakuru is preparing for the official launch of its Saakuru token ($SKR) before the end of April. The project also successfully raised $2.4 million in an oversubscribed private funding round to develop its protocol.

The Saakuru Protocol is an up-and-coming proponent of gasless technology, considered by many an accelerator of Web3 adoption into the mainstream. Its mission is to improve the user experience for both developers and end users and drastically reduce costs. These enhancements should forever change the blockchain landscape, enabling the development of more versatile decentralized applications boasting higher security standards, cost-effectiveness, and ease of use.

As of 2024, blockchain technology is stagnating and used mainly for crypto trading. Also, the broadly adopted Ethereum model, based on gas fees fluctuating depending on network use, can lead to high costs and a disappointing user experience. Lastly, most blockchain networks face significant security issues, deterring new users from onboarding promising projects.

Saakuru has developed a public-permission, gas-less L2 blockchain powered by Oasys High-Speed Optimistic Rollups. The network’s design eliminates gas fees, significantly improves user experience, and proposes new tokenomics models. For instance, it enables the easy creation and execution of token contracts, including features like vesting, staking, data tracking, and management. This approach differs significantly from most layer-2 blockchain networks, which rely primarily on governance tokens.

The Saakuru token is a multi-purpose token ensuring utility and governance for the Saakuru Protocol. It uses an advanced burning mechanism to gradually reduce its supply while potentially increasing its value. The token is involved in all the operative layers of the Saakuru protocol:

  • Developer Layer—Also known as Saakuru Labs, this feature provides several products and services with proprietary business models. The system burns the token with 10% of the profit.
  • DeFi Layer — This feature is facilitated by Taffy DEX technology, and 0.005% of every fee collected from on-chain and cross-chain transactions throughout the Taffy DEX protocol is converted to SKR tokens and burned.
  • Governance Layer — SKR token holders can use their tokens to participate in the protocol’s governance model. Moreover, 5% of the tokens used to initiate the review process are burned.
  • Protection Layer — The SKR token is burned if the SKR token protection mechanism is triggered, and 3% of saved tokens will be burned.

The Saakuru team believes the protocol’s gas-less operations will drive quick and consistent adoption of the SKR token. Moreover, developers can stake their SKR tokens to refill their credit balances monthly and drive the ecosystem’s growth.

Another aspect that should increase demand for gas-less blockchain networks like Saakuru is the outdated properties of the currently available external wallet model. The Saakuru team believes developers and users will soon adopt the embeddable model, defined by increased security and numerous configurable features in any mobile app in one day. This type of wallet can provide a better, user-friendlier experience without reducing security.

The Saakuru protocol will also feature prebuilt, easy-to-launch modules for basic Web3 interoperability functions, such as smart contract event tracking and interaction APIs. It will also have an NFTs CRM and zkNFTs verification layer, allowing businesses to integrate Web3 technologies seamlessly into their operations.

About Saakuru

Saakuru takes a new, innovative approach to Web3 and proposes a blockchain that doesn’t charge gas fees, maintains stability through top security practices, and fosters new projects, applications, and ideas. To this end, the team launched the Saakuru Developer Suite, a comprehensive toolset that includes libraries and APIs and enables developers to create applications faster.

The development team behind Saakuru has more than ten years of experience making Web2 products and six years of experience in Web3 applications, both from the developer’s and business sides. Their experience enabled them to discover the primary issues of decentralized production that prevented them from reaching mainstream use.

Saakuru benefits from increasing support from the industry, including prominent educators on blockchain technology, such as Ivan on Tech, an angel investor in the Saakuru Protocol.

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Business

XVC Tech Announces Strategic Investment in TradeTogether to Enhance Web3 Wealth Management

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XVC Tech, has invested in TradeTogether, a leading Web3 wealth manager based in Singapore. The venture capital firm founded by the creators of the XDC Network blockchain.

XDC Network’s ecosystem includes RWA dApps focusing on Private Credit (TradeFinex), Trade Finance (XDC Trade Network), tokenized gold (Comtech Gold) and tokenized US Treasuries (Yieldteq powered by Tradeteq).

Ritesh Kakkad, co-founder of XVC Tech, noted, “TradeTogether approached XVC with a strong emphasis on compliance, which is key in sectors like private credit and trade finance. We believe this focus on compliance will attract more institutional adoption, leading to increased utilization of the XDC Network’s use cases.”

Added TradeTogether’s CEO Geoff Ira, “XDC Network is a robust Enterprise-grade Layer 1 blockchain with a strong focus on Real-World Assets (RWA). We eagerly anticipate collaborating with XDC and its ecosystem of dApps to develop top-tier Web3-centric funds, driving intelligent capital into RWAs and Web3, while adhering to regulatory compliance standards.”

TradeTogether introduces two innovative investment options

  1. Firstly, the TradeTogether Bitcoin Advantage Fund, allows clients to invest in Bitcoin with added protection against market downturns, offering a better experience than traditional ETFs.
  2. Additionally, TradeTogether provides high-net-worth individuals and financial institutions with transparent solutions in tokenized bonds and Web3 products for receivable financing, moving away from the DeFi platform model.

TradeTogether has prominent co-investors such as Orbit Startups, Tenity, Boleh Ventures and Leo Ventures. Other Angel investors who participated in TradeTogether’s funding round since it’s inception includes Samuel Rhee (Chairman of Endowus), Varun Mittal (Group Head Innovation Singlife), Reuben Lai (Former Senior MD Grab Financial Group), Mx Kuok (KUOK Family), E. BABA de Rothschild (EGR Partners), Chandrima Das (Ex bento founder acquired by Grab), Nicolas Gallet (Gallet Capital), David Bachelier (CEO Asia at Flowdesk).

About XVC Tech

Founded by the co-founders of XDC Network, Atul Khekade and Ritesh Kakkad, XVC Tech is a US $125mn Fund focussed on exploring investment opportunities in NextGen Technology Solutions. Portfolio companies include DeGaming, a decentralized i-gaming infrastructure protocol, Bolero, a platform fractionalizing IP of music assets via smart contracts or Truflation, an oracle for RWA, indexes and inflation.

Current areas of focus include RWA, Web3 infrastructure, AI, and DePIN. For Web3 startups looking to make an impact, new investment opportunities are actively being sought. Users interested in learning more can visit XVC Tech at XVC.Tech to get in touch.

About XDC Network

The XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain, operational since 2019 focusing on Enterprise use cases such as Trade Finance, Payment and RWA tokenization. More details at: Xinfin.org

About TradeTogether

TradeTogether Pte Ltd is a pioneering Web3 digital asset management company based in Singapore. Operating under a regulatory exemption since October 25, 2021, TradeTogether is at the forefront of innovative financial solutions in the digital asset space. Led by CEO Geoff Ira, who has a strong background in the financial and banking industry. For more information, users can visit TradeTogether.com

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Technologies

Multis Team Joins Safe to Build Cross-Chain Smart Wallet Infrastructure

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Safe, the leading smart wallet infrastructure, with more than $100 billion in value of digital assets secured, has welcomed the senior leadership team of Multis to the Safe Ecosystem Foundation and completed the strategic acquisition of the Multis source code; Multis is an all-in-one financial software designed for crypto businesses. At the same time, Thibaut Sahaghian, the former CEO of Multis, is set to take on the new role of Network Abstraction Lead as a core contributor within the Safe ecosystem, where he and his team will continue their work towards enabling businesses and individuals to adopt and easily use digital assets every day.

With this move, Safe embarks on the next phase of its mission to simplify, improve, and enhance Web3 user experience. Leveraging their unique collective expertise, the Safe and former Multis team members will collaborate to solve the complexities of cross-chain interaction through network abstraction, with the end goal of enabling users to manage assets across diverse blockchain networks effortlessly.

As crypto usage soars, the demand for faster and more cost-efficient transactions has led to the rise of Layer 2 networks built atop the Ethereum mainnet (Layer 1), aiming to enhance scalability. However, this growth has considerably fragmented the blockchain landscape, complicating the development of user-friendly, on-chain applications and wallets. Addressing this complexity through network abstraction, which simplifies asset management across various blockchains, is crucial for setting the stage for mainstream adoption—a vital goal for the Ethereum community.

“The demand for Safe’s services is skyrocketing, particularly from emerging L2 ecosystems seeking robust infrastructure support to help users manage their digital assets. As we expand, simplifying the cross-network experience becomes crucial,” noted Richard Meissner, co-founder of Safe. “The synergy between Multis and Safe will undoubtedly help us become a staple in these evolving networks and beyond.”

Thibaut added, “Joining Safe is a game-changer for us. We’ve already been harnessing Safe’s robust infrastructure for years, and this is a new journey for us. It empowers us to broaden our mission, tapping into Safe’s expansive platform and extensive user base. Together, we’re set on building an ecosystem where digital assets and applications interact seamlessly across multiple networks, easing the path to adoption and creating a more integrated blockchain world.”

This strategic acquisition marks a turning point for Safe. It aligns with Safe’s recent collaboration with Coinbase-incubated Base to make smart accounts the standard on Ethereum. This announcement furthers Safe’s commitment to providing a seamless and secure foundation for managing assets within exploding L2 ecosystems on Ethereum.

About Safe

Safe (previously Gnosis Safe) is an onchain asset custody protocol, securing ~$100 Billion in assets today. It is establishing a universal ‘smart account’ standard for secure custody of digital assets, data, and identity. With Safe{Wallet}, it’s flagship web and mobile wallet and Safe{Core} account abstraction infrastructure, Safe is on a mission to unlock digital ownership for everyone in web3 including DAOs, enterprises, retail and institutional users.

About Multis

Multis offers a comprehensive financial software solution, empowering DAOs and enterprises to seamlessly manage transactions with both USD and digital assets, across multiple networks. Historically backed by Sequoia Capital and Y Combinator, Multis has been a front-runner in enhancing the crypto business user experience, now set to amplify its impact with Safe.

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Blockchain

Linea Going from Strength to Strength with Lynex on the Front Lines

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The Linea blockchain has gone from strength to strength over the last quarter, seeing TVL and volume soar. Lynex and its ingenious community engagement strategy stand as a key contributor to this organic growth.

This impressive achievement highlights the strength and potential of the Linea ecosystem, a product of the renowned blockchain software houseConsenSys, which is also known for owning the popular cryptocurrency wallet MetaMask. With its lattice-based cryptography, which is faster, less computationally heavy and easier to implement than other cryptography methods, Linea is a key player in the market of Layer 2 scaling solutions for Ethereum.

Linea has seen mass organic growth with TVL tripling over the last trimester and volume quadrupling in the last month. Part of this growth has been thanks to the community efforts in bolstering liquidity and driving engagement, coordinated by Lynex, the leading DEX and native liquidity layer on Linea.

Lynex, the top DEX on the network boasts an elevated rendition of the ve(3,3) DEX model and has contributed greatly to the organic growth and engagement on the network, with TVL on the protocol seeing a 1600% increase in the last month at the time of writing. Through a community-centric airdrop mechanism, Lynex is incentivizing investors to explore the ecosystem to use other protocols, to maximise their chances of airdrop, which has proven to be quite an effective tactic in driving growth.

Lynex’s Recent Milestones

The surge in TVL is a testament to the increasing confidence and interest from the DeFi community in the Linea blockchain and its associated projects, particularly Lynex. The platform has played a crucial role in this growth, thanks partly to its strategic community airdrop, which has successfully attracted a wider user base and fostered a more engaged and vibrant community.

A total of 10% of Lynex’s initial supply has been earmarked for distribution to holders of existing ve-like protocols and those who have actively engaged with the Lynex community. This strategic airdrop is a testament to Lynex’s dedication to fostering a strong, engaged, and empowered community, and truly embodying the role of being a native liquidity layer. Lynex aims to create a more inclusive and collaborative ecosystem that benefits all stakeholders by rewarding our users for their loyalty and participation.

Lynex has also been named the official DEX partner of Linea’s much-celebrated community coin, FOXY. This partnership comes after Lynex had seen mammoth growth in TVL and token price over the last quarter and solidifies its place at the top of the food chain in the Linea ecosystem.

Lynex’s Innovative Tokenomic Model Helps Drive Growth

Lynex continues leading the way in DeFi innovation with its advanced Automated Liquidity Management (ALM) and unique tokenomics. The ALM feature allows users to optimize their liquidity provision, reducing the risks associated with impermanent loss and ensuring more stable and profitable returns. Meanwhile, Lynex’s tokenomics model is designed to align the interests of liquidity providers, token holders, and the broader ecosystem, creating a more sustainable and rewarding platform for all participants.

Lynex’s innovative tokenomics model, oTokenomics, is revolutionizing the DeFi ecosystem by addressing critical challenges such as token devaluation and incentive misalignment for Liquidity Providers (LPs). This model aligns user and protocol interests, ensuring long-term stability and growth.

The “Darkpool” Is Coming

Lynex is also set to disrupt the liquidity provision landscape very soon by introducing its groundbreaking ‘Darkpool’ technology on the Linea blockchain. Developed in collaboration with security experts at Salus Security, this cutting-edge innovation promises to bring unparalleled privacy to the trading world.

By leveraging the power of zero-knowledge proofs, zkLynex’s Darkpool technology ensures that traders can execute their transactions with complete confidentiality, protecting both their strategies and market positions.

About Lynex

Lynex is a leading decentralized exchange (DEX) and liquidity marketplace built on the Linea blockchain. With a focus on innovation, security, and user experience, Lynex aims to provide a seamless and efficient trading platform for the DeFi community. The platform features advanced technologies such as Automated Liquidity Management (ALM), innovative ve(3,3) DEX model and tokenomics, and soon, Darkpools for enhanced privacy in trading.

About Linea

Linea is a Layer 2 blockchain developed by ConsenSys, the company behind MetaMask. It offers a scalable and secure platform for EVM decentralized applications (dApps) and decentralized finance (DeFi) projects. Linea’s rapid growth and increasing Total Value Locked (TVL) reflect its potential to become a leading blockchain for DeFi and beyond.

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Numun Ecosystem Launches to Bring a Complete Set of Apps for Real-World Assets On-Chain

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The Numun Ecosystem today launches, comprising applications Num and Vectium and offering a structured approach to real-world asset (RWA) tokenization and lending on the Ethereum network.

Num, the first app of the Numun Ecosystem, is a Bermuda-based tokenization company, that specializes in tokenizing traditional finance (TradFi) assets, including ETFs, stocks, and bonds. In 2023, Num successfully closed a USD 1.5 million pre-seed funding round to work on its first MVP, emerging market stablecoins, which garnered 500,000 users within its first year. Num now aims to achieve global reach by tokenizing TradFi assets into fully backed, permissionless forms known as nTokens, bridging the gap between the TradFi and DeFi realms.

The second app in the Ecosystem is called Vectium, an innovative RWA lending protocol that harnesses the power of nTokens to facilitate financial interactions, enabling users to lend and borrow stablecoins against nTokens and soon more RWAs. This system also supports users in leveraging and hedging TradFi assets in a manner that is both permissionless and secure.

Speaking on the launch, Agustin Liserra, CEO of Num Finance, said, “Numun ignites the power of synergy between transparency and innovation. Our commitment lies in steering the course of finance towards a future where accessibility, security, and empowerment are not just ideals, but everyday realities for DeFi users. As we unveil Numun to the world, we stand on the brink of a new financial era – one that we are proud to shape and lead.”

Central to orchestrating the Numun Ecosystem is the Numun Token, which employs a unique value accrual mechanism. Up to 40% of the revenue generated by the lending protocol is allocated to a buy-back-and-burn strategy for the Numun Token. The Numun token will be used across all of the apps within the ecosystem, ensuring its value is intrinsically linked to the success of Numun as a whole.

Numun Ecosystem is partnering with Impossible Finance to bring the Numun Token to the market, Calvin Chu, Co-Founder, and Core Builder of Impossible Finance, expressed excitement about partnering with Numun and supporting their mission of bridging traditional and decentralized finances. Calvin said, “Num’s and Vectium’s approach to bringing permissionless tokenized assets is the correct way to maximize interoperability. The strategy to bring a wide coverage of financial products on-chain is definitely filling a gap in the current landscape.”

Speaking on the significance of the development for the DeFi ecosystem, Alex Kruger, Advisor and Strategic Director at Num Finance, said, “The Numun ecosystem represents the culmination of our enduring commitment to reshaping the DeFi landscape. After years of meticulous work, we are introducing an on-chain ecosystem that makes real-world assets the epicenter. This is the advancement that the DeFi space has been waiting for — a transformative step in aligning the reliability of traditional assets with the innovation of decentralized finance.”

Agustin Liserra, CEO of Num Finance, is available for interviews.
Alex Kruger, Advisor and Strategic Director at Num Finance is available for interviews.

About Num Finance

Num Finance is a Bermuda-based technology firm at the forefront of real-world asset (RWA) tokenization. By facilitating the conversion of traditional financial assets into digital tokens, Num Finance integrates these assets with the decentralized finance (DeFi) sector. Focused on security, transparency, and accessibility, Num Finance enables broader access to financial markets and improves liquidity through innovative financial services. Committed to compliance and effective risk management, Num Finance adheres to strict regulatory standards, ensuring a trusted and stable platform for investors navigating the evolving landscape of digital finance.

For more information, visit num.finance

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Etherland Tecra Space Crowdfunding Goes Live

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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.

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Covalent (CQT) Announces Grants Program & API Credits for Cronos Ecosystem, Supercharging Future Web3 Innovation

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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.

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Xuirin Finance a pioneer for DeFi card – presale stage 1 sold out

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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

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