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Menlo One ICO

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Menlo One is a US-based framework for building decentralized applications with the speed of traditional web apps. The decentralized database and Proof-of-Reputation incentive system will enable the Web 3.0 generation of marketplaces, social media platforms, and future apps to be as fast and performant as their centralized predecessors.

There are a lot of projects on the market aiming to launch a full-fledged platform for dApps, social platforms for reviewing tokensales, marketplaces for promoting them (see the table below). But Menlo One is an interesting case of launching a social segment TownHall and a tokensale Marketplace based on Menlo One platform right away. This will allow users to get a full package of services to develop, distribute and promote their product within the same ecosystem.

Project name Menlo One
Token symbol MET
Type of token utility
Network Ethereum, ERC-20
Website http://www.menlo.one/
White paper Open WhitePaper
Hard cap $15 million/25,000 ETH
Price 1 MET = $0.000083
Total Cap Size 1,000,000,000 MET
Country USA
Team 16 core members/ 8 advisers
ICO Dates July 16 – August 20 2018​
Public Sale Conditions KYC, AML
Total Token Offered 300 mln
Presale Date June 26th, 2018 (Minimum purchase amount $10k)
Public Tokensale Date July 16th, 2018

Product description

Menlo One offers comprehensive blockchain crowdsale solution with deal-discovery, collaboration, and asset management. All Menlo One components address the critical limitations around user experience, security, and compliance that presently stymie widespread adoption. Using a distributed database makes the platform fundamentally decentralized. Using blockchain makes the whole ecosystem stable, transparent and secure and solves security vulnerabilities of the market.

Menlo One key technology is based on:

1. A desktop native app which runs an Ethereum node and can automate pre-approved transactions. It also includes features designed specifically to improve the user experience of buying tokens such as handling KYC identification related images.

2. A Proof-of-Reputation algorithm which leverages a Token-Curated Registry design pattern to incentivize virtuous contributions and promote network growth.

3. A decentralized database which caches data from decentralized networks to provide users the speed and experience of a traditional webapp, without compromising the security guarantees of a distributed blockchain.

Ecosystem

Menlo One ecosystem consists of 4 elements:

  • TownHall (Communication layer) – “an open-source framework, which allows developers to build innovative monetized or incentivized communications platforms and projects using the Menlo software”. It’s a social platform which allows to share opinions about blockchain projects and is completely decentralized that means that there’s no way to censor critical remarks or influence from the outside on the reputation of the product or user. It’s already working can be forked and used to create software right now.
  • Guilds (Governance) – TownHall users will form groups (Guilds) and then stake their reputation to earn rewards for their value from ICOs that hire them to make a professional review about the project. Guilds system will provide more accurate reviews (this expectation is based on the data of the Stanford study) and help identify and stop scammers.
  • Marketplace – decentralized trading platform for tokens, that will allow users to launch ICOs, to buy tokens, to store them in Menlo One wallet. The actual marketplace itself will not be out until the end of the year.
  • Core (Decentralized Database) – the central core of the entire product, which guarantees secure storage of data based on the block, while ensuring a high speed of processing and retrieving data, using a Proof-of-Reputation algorithm and the InterPlanetary File System (IPFS).

Tokenomics

MET are “utility tokens”. Menlo Token is supposed to be the keystone of the whole system. It’s an open source ERC20 compatible token on the Ethereum public blockchain. MET will be sold so developers have a fully functional product with which to build on.

How does MET flow:

1. Projects put Menlo Tokens into a Listing Contract on Ethereum. The contract is included in the Menlo App.

2. When a User requests a profile from the Content Node (that host a web app which pulls data from IPFS and Ethereum including the Project Profile and caches in a database on a performance machine), he includes his public key in the request. In the response the SContent Node returns a digital signature. Both parties then submit their keys and data to the Projects Listing Contract.

3. If successful, both parties are paid in MET. The User is paid for their attention. The Content Node is paid for data availability.

4. The Projects Listing Contract is also a REP Granter, and gives each actor REP tokens for a successful transaction.

Users will need to get a token-curated reputation score (REP), granted by smart contracts which take signals from events in the ecosystem. Users can earn REP a number of ways, including being a top rated commenter in TownHall, voting in TownHall, being part of a Guild, and buying tokens via Menlo Wallet. Each of these systems are operated by smart contracts with Granter privileges to give REP. Content Nodes earn REP by reliably serving data over time. For example, in TownHall users will get rewards for posting, voting and commenting activity.

Blockchain is clearly needed in this project as developers will need token to build their projects on the Marketplace, and also it has to be decentralized so that it can scale and can’t be corrupted by those who control it. The idea is once it exists, nobody can take it down, and the world can use it to crowdfund reliable projects.

Market and competitors

There is a number of similar projects that are developing fast after Ethereum introduced smart contracts for creating programs on-chain. Ethereum is the first, biggest, and most well-known dApps platform. EOS has just closed its tokensale with rather impressive results. There are also such projects as Lisk, QTUM, Cardano and NEO:

  • EOS is a decentralized operating system which can support industrial-scale decentralized applications without transaction fees and high TPS.
  • Lisk is a platform for blockchain applications in JavaScript, that allows allows developers to create sidechains (where you can even create new coins) connected to the mainchain (where all the transactions in main coin LSK are held).
  • QTUM is a decentralized and open-source smart contracts platform and value transfer protocol which focuses on mobile dapps. QTUM integrates the best parts of the Bitcoin and Ethereum platforms into a business-friendly blockchain.
  • NEO is a blockchain project “that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.”
  • Cardano is is a blockchain platform that provides a programmable blockchain and smart contracts for dApp development, it’s the first blockchain with peer reviewed tech and was describes as “New Ethereum” and “NEO killer”.

But Menlo One differ from them in one thing: they want to create a synergy between the social and technological aspects, protecting the application by a decentralized reputation that will allow the self-sustaining and self-cleaning ecosystem to grow high.

Roadmap

The project Roadmap has been developed in great detail and for each of the four main elements of the project (TownHall, Marketplace, Guilds, Core) there is a development line, including the release of trial versions, testing and debugging. The launch of the Guilds and Marketplace is scheduled for the 2nd half of 2019. Special attention in the Roadmap is paid to the technical side of the crowdsale, as well as the business development of the product. Each of these points has its own development line on the Roadmap.


Source: https://www.menlo.one/

Team and advisory board

Project has an experienced and strong and growing team. They added 7 members to the core part of the team during last month. They now have new CTO (David Dawson) and COO (Tiaan Wolmarans). The CMO Scott Kraft has left the team.

A special attention is paid to the blockchain part: two specialists are responsible for architecture (Dave Hoover) and blockchain development (Felix Watkins), both are in blockchain for several years and have running projects. The balance in the team is clearly biased towards development, but in June they significantly strengthened the business development department.

Executive team

The CEO Mattew Nolan is a former Sr Engineer at JP Morgan and IBM, built online casinos at High5 Games and took part in several IT-startups (for example, a telecom SaaS Speek, a social discovery platform Verona). WebsiteLinkedinTwitterare active<.

Project CTO David Dawson has 15 years of experience of directing engineering organizations across product & software engineers at Microsoft. Is a co-founder of Mast Mobile. He replaced Anthony Martin in this position, Anthony is now overseeing engineering processes. Linkedin profile.

The COO Tiaan Wolmarans is an entrepreneur who focuses on operations and product development and has helped several ICO to raise over $11mln and has several upcoming ICOs planned. He also worked at Hempcoin and Solaris. Linkedin profile.

Advisors

The fact that Menlo One has special advisors for engineering part, product development and blockchain architecture shows team’s rational point of view. All the advisors have strong blockchain experience.

Mike Hostetler (Engineering) is a serial entrepreneur, director of blockchain at Raise, CEO of Modern Web, CTO of SuperBetter, and Project lead at jQuery and has strong experience in project development.

Elissa Shevinsky (Product) worked as Head of Product at Brave Browser, and CTO of Glimpse.

Rick Dudley (Blockchain Architect) is a founder of VulcanizeDB, worked as a blockchain Architect at Omega One, OmiseGO, ConsenSys, his experience is concentrated in software architecture.

The rest of advisors team is also highly experienced in all the areas blockchain startup might need: Richard Titus (Business), Jill Richmond (Marketing), Markus Ament (Marketing), Marissa Kim (Legal), Elissa Shevinsky (Product), Mike Hostetler (Engineering).

Partners

At the moment, the company announced a partnership with three companies: Omega One, DAOStack, ARK and Digital Asset Trade Association (DATA). These partnerships speak for project being serious and having good perspective in the future.

Omega One’s team members are core advisors at Menlo One: Rick Dudley as a blockchain architect and Richard Titus helps with business development.

Originally Menlo One was planning to use the DAOstack governance engine building an interface for ICOs, but then they have been pivoted to a broader scope and are currently reviewing plans for cooperation with DAOstack.

ARK is a team of experts in blockchain technologies that help teams to prepare the project. Menlo One CEO is currently a partner at ARK, while ARK managing partner Marissa Kim is a legal advisor of Menlo One team.

Digital Asset Trade Association (DATA) is an advocacy group for Distributed Ledger Technology that helps Menlo One with legal part of all the preparations for ICO and post-ICO period.

Token distribution and token sale details

Total Token Offered 300 mln of 1 bln
Presale Date June 26th, 2018 (Minimum purchase amount $10k)
Public Tokensale Date July 16th, 2018
Pegging Parity ETH/USD/MET (1:600:12000)
Lockup (Presale) Only for Bonus Tokens (90 days)
Lockup (advisors) 2 month lockup, then 1 year vest
Lockup (team) 2 month lockup, then 2 year vest
T1 price discount/bonus in (Private presale) 50% discount
T1 price discount/bonus in (Private presale) 40% discount
T2 price discount/bonus (Public Presale) 30% discount
T3 price discount/bonus (Crowdsale) Sliding discount
Bounty program https://alpha.bounty0x.io/hosts/Menlo%20One
Unsold Tokens burned

Public presale starts on July 26th, with minimum purchase amount of $10k. Those who participate in presale will get 30% token price discount. Bounty program can be joined here. There’s also a lock-up period planned for team, advisors and bonus tokens holders. These measures will provide an incentive for the team and the advisors to work on the project, rather than dumping tokens after they go to the exchange. Well, at the same time, it partly keeps tokens from a serious price drop when the token is released to the exchange.

Hype

Website review

Menlo One web site monthly audience according to SimilarWeb is 15k users.

Menlo One has a Github account with code samples available.

Media and community

The project regularly appears in reviews of leading media such as The Merkle, VentureBeat and others, most of those articles are marked as “sponsored”.

The online image of the project shows that the marketing campaign of the project is in active stage: social media community has grown significantly in the last month: 12 812 subscribers in Telegram group chat and 10.9k followers in Twitter. Activity in Facebook (369 subscribers) and Bitcointalk announcement thread (27 messages) remains low.

The team greatly increased marketing activity, which is primarily due to the launch of public sales. A significant and loyal community has been assembled, it is obvious that the main attention is paid to the twitter and the telegraph, other channels of communication with users are considered as additional

Conclusions and editorial opinion

Risks and Potential

The project looks rather ambitious, as it promises to provide a fully functional platform for the development of decentralized applications and systems for marketplaces that support the emerging token economy. The product is supposed to make the process so simple and secure that anyone can participate. The fact that this ecosystem will contain lots of components make it fully compatible for the growth of token based business models that require both communication and transactions.

Two important components that will be launched on the basis of the platform are the TownHall and the Marketplace, that’ll help to launch ICO or invest in a package right away.

Menlo One hardcap is $15mln which is also a good sign that demonstrate that the team estimates the project realistically and does not seek sky-high sums.

The project gives the impression of standing firmly on its feet. This is also indicated by the detailed design of roadmap for each stage of project development.

Investment prospects

Menlo One project looks really promising and there’s quite a chance that it’ll be a success. The team looks professional, advisors’ group has very reliable background.

The idea is strong. The only question is who can be first to introduce the technology on the market and clearly convey to the user all the advantages of its approach. Thus, it is obvious that not only high-quality technologies and the impeccable reputation of the team will play a role here, but also a marketing strategy, as well as a community created by a project team that will become a self-regulatory system.

The review was provided by ICObazaar.com experts

Technologies

Nexus AI – The World’s First AI Trading Bot Is Now Officially Available

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The world’s first AI trading bot designed to revolutionize the financial markets is now available. Nexus AI combines cutting-edge AI algorithms with advanced quantum computing capabilities to deliver unparalleled speed, accuracy, and profitability.

The launch of Nexus AI marks a significant milestone in the evolution of AI-driven trading technology. With traditional trading methods becoming increasingly outdated in today’s fast-paced markets, Nexus AI offers investors a revolutionary solution to stay ahead of the curve and maximize their investment returns.

The Nexus AI Trading software is simple to understand and intuitive, allowing traders to make trades using fully automated AI software without any complexities. By leveraging the power of cutting-edge technology and advanced algorithms, Nexus AI is powered by state-of-the-art AI algorithms that analyze market trends, patterns, and correlations with unparalleled accuracy. These advanced algorithms enable Nexus AI to make informed trading decisions based on real-time data, helping investors achieve outstanding returns.

As the world’s first AI trading bot, Nexus AI is at the forefront of a new era in investment technology. By combining the latest advancements in AI and quantum computing, Nexus AI offers investors a glimpse into the future of trading, where speed, precision, and adaptability are paramount. The future of trading is here, and it’s powered by Nexus AI.

The software enables investors to execute trades with unparalleled accuracy and efficiency by harnessing advanced AI algorithms and real-time market analysis – with Nexus AI, every trade is based on data-driven insights and objective research, giving you the confidence to make informed decisions and maximize your investment returns while minimizing risk.

In today’s fast-paced markets, staying ahead of the curve is essential for success. By continuously monitoring market conditions, analyzing trends, and identifying emerging opportunities, Nexus AI keeps investors one step ahead of the game. Whether you’re a seasoned trader or just starting, Nexus AI gives you the edge you need to stay ahead of the curve and thrive in today’s competitive financial landscape.

Nexus AI prioritizes the security of investors’ assets with robust encryption protocols and secure authentication mechanisms. Investors can trade with confidence, knowing that their funds are protected against cyber threats and hacking attacks.

Investors can achieve long-term goals with Nexus AI by taking control of their financial future. Whether you’re looking to build wealth, secure your retirement, or simply grow your investment portfolio, the software provides all the tools and resources you need to succeed in today’s dynamic markets. With Nexus AI, investors can embark on a journey toward financial freedom like never before.

“We are thrilled to introduce Nexus AI to the world,” said Andrew Fischer, CEO of Nexus AI Trading. “With its unparalleled scalability, accuracy, and adaptability, Nexus AI represents a game-changing innovation in the field of AI-driven trading technology. We believe that Nexus AI will empower investors to achieve their financial goals with confidence and ease.”

Nexus AI is now available for investors worldwide. To learn more about Nexus AI and start trading with the world’s first AI trading bot, visit Nexus AI today.

Website: https://ainexusbot.com/

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Blockchain

XION Pioneers User-Friendly Blockchain Solutions with Latest Chain Abstraction Release

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XION, the first blockchain purpose-built for mainstream adoption, today launched its user-friendly Chain Abstraction solution. XION’s Chain Abstraction combines XION’s ease-of-use with seamless composability of users, apps, and liquidity across connected blockchains, beginning today with Injective.

XION aims to make Web3 easier to navigate for all users by abstracting away its inherent complexities. Through familiar Web2 methods like email, users can seamlessly interact with XION applications across all devices, including desktop and mobile. Users can also enjoy a frictionless experience reminiscent of traditional Web2 platforms without the concerns associated with blockchain technology, such as gas fees. Today’s Chain Abstraction launch serves as an extension of these functionalities to other connected blockchain ecosystems.

“Just like the internet, users shouldn’t need to know which infrastructure applications they are using are built on. All that matters is that it works,” said Burnt Banksy, a core contributor to XION. He added, “We’re proud to launch Chain Abstraction as it vastly accelerates XION’s impact in making Web3 accessible to all users.”

Previously, cross-chain usability has been notoriously difficult for users to navigate and has resulted in fragmentation across ecosystems. However, with Chain Abstraction, XION aims to reshape the historically competitive nature of L1s – who typically fight for users, liquidity, and developers – to enable mainstream adoption. Through the inaugural integration with Injective, users can utilize Talis with their XION account, without needing to grapple with complexities such as cross-chain bridging, browser plugins, seed phrases, gas fees, and transaction signing.

XION will progressively roll out its user-friendly Chain Abstraction to many more ecosystems. Interested users can try XION’s Chain Abstraction on testnet today.

About XION

XION is the first layer one blockchain purpose-built for consumer adoption through crypto abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION enables secure, intuitive, and seamless user experiences. The project has previously raised over $32M from top-tier investors, including Animoca, Circle Ventures, Multicoin, Draper Dragon, Spartan, and more.

To learn more about XION, follow @burnt_xion on Twitter, or visit xion.burnt.com.

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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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Altcoins

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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