The big news of last night was how Tether allegedly got hacked. In a statement issued by the company, they explain how almost 31m USDT were removed from the Treasury. This incident occurred on November 19th, and the money was sent to an unauthorized address. None of the stolen tokens will be redeemed, but the company hopes to recover the money regardless. For now, the money still appears to be in a Bitcoin address. It is unclear how this money will be spent, assuming that is even the objective.
This whole Tether issue is pretty worrisome, to say the very least. We have reported on this company’s odd behavior for some time now. Whether or not there is a malicious intent behind this attack, remains to be determined. The company did not explain how the money was moved from the Treasury exactly. That is always a bit worrisome, as companies should be transparent regarding what is happening. The stolen tokens have effectively been flagged and won’t be redeemable for USD.
The Plot Thickens for Tether
For the time being, the Tether back-end wallet service is suspended. This is part of the ongoing investigation to determine what caused this problem. Secondly, the Tether “chain” went through a hard fork to ensure the stolen funds can’t be moved. Considering how USDT is issued on Omni, new builds are being provided to Omni Core to make this happen. All individual users and integrators need to update their client as soon as possible. This is similar to how Ethereum bailed out The DAO investors when a similar issue occurred.
This new software will also cause a consensus change. It is a temporary hard fork to the Omni Layer. Any tokens belonging to the flagged bunch will not be accepted. This should prevent the attacker from successfully moving the USDT balance to an exchange. Otherwise, they could easily convert it to BTC or different altcoins and cash out that way. It is possible this may still happen, depending on how fast all integrators upgrade their clients. It is a very worrisome turn of events, to say the very least.
Some sources claim this was not a hack at all. Instead, they are fearful Tether is working toward a major exit scam. Their rapid issuance of new tokens, previous issues with converting back to USD, and now this certainly makes for a strange year for Tether. Whether or not the company can recover from this incident, remains to be determined, though. The company confirms all other assets are still backed by US Dollars in reserve. For now, everyone will have to believe that story. It may be the truth, though, but no one knows for sure at this point.
21Shares Unveils World’s First Crypto Staking Index ETP
21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency exchange traded products (ETPs) and a subsidiary of 21.co, today unveiled the 21Shares Staking Basket Index ETP (Ticker: STAKE) – the world’s first crypto staking index ETP offering diversified staking income. The index represents the first-ever basket product of crypto assets that provide exposure to staking rewards while tracking the performance of underlying staked cryptos through a single ETP. The 21Shares staking index methodology used for this product was built in collaboration with Swedish index provider Vinter.
The 21Shares Staking Basket Index ETP tracks proof-of-stake (PoS) cryptocurrencies, including Binance Coin, Cardano, Cosmos, Polkadot, Solana, and Tezos. The index will rebalance on a semi-annual basis in March and September to reflect market shifts.
“Staking is a long-standing feature of the blockchain ecosystem that allows crypto holders to earn rewards in exchange for locking up their assets,” said Arthur Krause, Director of ETP Product at 21.co, parent company of 21Shares. “Our research has shown that investors are interested in diversified, crypto-native return streams – especially amid crypto winter. In particular, we’ve heard demand for a reliable and safe way to access staking, one of the most attractive potential return streams available in the crypto ecosystem. The 21Shares Staking Basket Index ETP does just that, and will be an attractive addition to many portfolios.”
The 21Shares Staking Basket Index ETP is available today for trading on the BX Swiss exchange, and is seeking to list on Xetra Deutsche Boerse. This launch follows the success of 21Shares’ existing single asset staking products – 21Shares Solana Staking ETP and 21Shares Tezos Staking ETP.
Jacob Lindberg, CEO of Vinter, adds “We are pleased to be launching the world’s first crypto staking index ETP with 21Shares, which is another milestone in our great partnership. This product addresses demands from retail and institutional investors globally, and we look forward to continuing our work with 21Shares as they seek to launch more innovative investment products that build bridges into the crypto world.”
Today’s announcement is the latest in a string of innovative ETPs offerings from 21Shares over the last year, including the world’s cheapest Bitcoin ETP (CBTC), as well as two risk-controlled products, the 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) and 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH). 21.co now lists 40 products across 12 exchanges in 8 countries.
To learn more about the 21Shares Staking Basket Index ETP, please visit https://21shares.com/product/STAKE.
21.co is the world’s leader in providing access to crypto through simple and easy to use products. 21.co is the parent company of 21Shares, the world’s largest issuer of cryptocurrency exchange traded products (ETPs) – which is powered by Onyx, a proprietary technology platform used to issue and operate cryptocurrency ETPs for 21Shares and third parties. The company was founded in 2018 by Hany Rashwan and Ophelia Snyder. 21.co is registered in Zug, Switzerland with offices in Zurich and New York. For more information, please visit 21.co.
Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds
Vaduz, Liechtenstein. January 13 2023. Decentralized Finance Innovator Mimo is launching “KUMA Protocol”: the first DeFi protocol issuing tokens backed by regulated NFTs, themselves backed by sovereign bonds. This launch comes as the FMA (Financial Market Authority Liechtenstein) has approved Mimo for providing blockchain-related services since January 2022.
KUMA tokens, built as a smart contract compatible with most blockchains, are designed to provide holders with a reliable source of passive income through the accrual of interest on their holdings.
KUMA Tokens are NFTs representing bonds that KUMA Generator (a decentralized product owned by KUMA DAO and governed by the MIMO tokenholders) can accept as a backing to issue KUMA Interest-Bearing Tokens, a form of synthetic stablecoins that automatically accrue interest. The balance of these tokens grows in users’ wallets without any action required, matching the interest rate paid by the bond backing them, minus commission. Apart from the interest, the tokens behave like regular stablecoins, allowing them to be integrated freely into the broader crypto ecosystem, like DeFi, GameFi, and NFTs platforms.
The launch of this protocol also has the potential to revolutionize the way bondholders receive interest. Traditional bonds typically pay out interest semi-annually, annually, or even when reaching maturation. However, because KUMA Interest-Bearing Tokens use smart contracts, interest can be paid out to holders regularly, every 4 hours by default, providing a more consistent income stream for investors while not involving any claim process.
In the background, Mimo Capital AG handles the bonds and offers simple redemption to the users. Moreover, a smart contract managed by the KUMA DAO provides infrastructure for its community to swap or roll the NFT bonds over, ensuring smooth operation when a bond reaches its maturity date or the issuing authority publishes an updated rate.
To date, a few other efforts of bond tokenization have started. However, Mimo has the advantage of being the first regulated in the European Economic Area (EEA), providing tokens allowing its users to earn interest while benefiting from the safety of their favorite custody solution and the peace of mind coming with a fully regulated product.
Furthermore, KUMA DAO’s approach naturally provides fractionalized access to the benefits of bonds, lowering the entry barrier to investment and opening the door to 24/7 settlement, trading, and global liquidity. Example applications include savings accounts, protocol treasuries, and individual wallets.
Following the tokenization of sovereign bonds, Mimo will leverage KUMA to provide other assets, such as corporate debt and funds.
So far, all of the Mimo partners, including Polygon, Fantom, Swissborg, SingularityDAO and Akt.io have indicated their intention to use KUMA.
“We are thrilled to offer our users a new way to earn passive income through tokenized bonds,” said Claude Eguienta, Founder and CEO of Mimo Capital. “With this innovative mechanism and backed by a diverse range of real-world assets, we believe that interest-bearing tokens are poised to become a leading tool in the Decentralized Finance space.”
Mimo is a leading blockchain company that built a multichain DeFi protocol providing a Decentralized & Multichain Euro Stablecoin and developing Blockchain Powered Financial Products. With a focus on user-friendliness and accessibility, Mimo is committed to bringing the benefits of decentralized finance to a broader audience, including business and retail investors.
NEARStarter, incubator of Near and Aurora, will hold NSTART IDO on Jan. 9
NEARStarter, a decentralized autonomous organization (DAO)-governed incubator on Near and Aurora, will launch its governance and utility token, NSTART, on its own platform. The initial decentralized exchange offering (IDO) will be held from Monday, Jan. 9 to Thursday, Jan. 12, 2023.
NEARStarter is a DAO-governed incubator for projects launching on Near and Aurora. Their primary goal in delivering incubation services is to guarantee that outstanding Web3 projects receive the financial, marketing and business development support they need for product and process success.
The NEARStarter acceleration program is already recognized as one of the leaders in the Near ecosystem and has established partnerships with crucial projects, including Paras, Roketo, StaderLabs, Fluxus, OctoGamex, Ref.finance, Trisolaris, Near and Aurora Foundation among others. It has received more than 60 applications in the last month and shortlisted five to 10 different projects for incubation, acceleration and launch.
What is NSTART Token?
The NSTART Token provides you with access to the whole NEARStarter ecosystem as well as built-in incentives. From the moment you stake your NSTART, you get:
Access to IDOs taking place on the launchpad.
The bigger your NSTART stake, the bigger allocation you can invest in incubated and launching projects.
You can be part of NEARStarter’s governance by voting on and discussing key points from projects and proposals.
Participation in the NEARIA index pool.
Staking NSTART is the only way to farm NEARIA, which will give you fractional ownership of a diversified portfolio composed of a percentage of all successfully launched tokens on the NEARStarter Launchpad, plus some core partners.
In other words, NSTART holders are guaranteed an allocation in any high-quality project that obtains funding through the NEARStarter platform using this method.
How will the IDO work?
The IDO will be held on a first-come, first-served basis, with no need for a whitelist or Know Your Customer.
Investors must hold Ether on Aurora to participate in the IDO (ETH can be bridged to Aurora from Ethereum or Near via the Rainbow Bridge).
NSTART will cost $0.20 each, with 150,000 tokens for sale.
Other activities going on from NEARStarter
Since the market is expanding at an unprecedented speed, NEARStarter, as an incubator, must constantly seek ways to enhance the services it offers. The platform roadmap includes continuing to expand the utility of the “Vicious Fishes” nonfungible token (NFT) collection (on sale at https://paras.id/collection/near_starter.near) and supporting incubated projects through additional high-quality partnerships. The count with more than 15 different guilds of the Near and Aurora Ecosystem to bootstrap their operations and govern the platform.
Ramiro Gamen, head of accelerator at NEARStarter, shared: “At NearStarter, we see tremendous potential in Near and Aurora ecosystems. We have received more than 60 applications in the last six months, and it has been really tough to shortlist only 5 to 10 of them.
We have incubated and accelerated projects like lending and borrowing protocols, blockchain infrastructure providers, Web3 career hubs, or DeFi and NFT aggregators, as well as projects fighting liquidity fragmentation and user pain points resulting from the cross-chain nature of crypto in this early stage of life.
We are, therefore, very bullish for what’s to come in 2023 for us and our incubated projects.”
For the first cohort, the crypto startups have been selected based on solutions geared toward adding value to Near across four axes:
- Economical: incubate promising projects with thorough due diligence.
- Social: support Guilds as the community engine.
- Educational: help in the spread of educational content about the Near ecosystem.
- Environmental: promoting Near Regenerative Finance efforts to enhance forest value.
They come from various Near sectors, including decentralized finance (DeFi), gaming, education and NFTs. Let’s go through them one by one.
- Meteor Wallet — Meteor is a fun, simple and secure wallet, allowing users to collect NFTs, access DeFi and explore everything Web3 offers on Near Protocol in a gamified and didactic way.
- Seed Web3 — SEED is a collaborative and output-focused learning platform. It aims to create a new educational structure that benefits everyone who uses it, including developers, lecturers and companies.
- House of Eros — House of Eros is an NFT marketplace where you can collect, trade and create digital collectibles on the Near Protocol.
- DOJO Finance — Dojo developed a Near wallet that offers a secure and convenient solution to store, purchase, send, receive, and swap tokens and NFTs on the Near and Solana blockchains. Also, they provide around-the-clock customer service, while you keep your data 100% private.
- Nearlend DAO — NearlendDAO is an open-Source capital market on Near Protocol, which is building a borrowing and lending 2.0 protocol.
- EvieNFT — Evie is a Near hub and NFT marketplace aggregator. The platform offers NFT marketplace aggregation, data and education-driven games, sweep and bulk sell, and many more experiences.
NEARStarter is a DAO-governed incubator acting as the ultimate growth engine for the Near and Aurora ecosystems.
Vacuum Coin announces its expansion into the BNB Smart Chain
Vacuum Coin (VC) announced its plans to expand its ecosystem to the BNB Smart Chain by releasing the BEP-20 version of its token.
Vacuum Coin is a reserve currency for an upcoming metaverse project called, “Metaverse Union,” which aims to connect all metaverses through its metaverse. The BEP-20 version of VC will be used as the utility token for its crypto services, such as chat-to-earn, play-to-earn, second-generation Crazy Rich Rabbit nonfungible tokens (NFTs), Vacuum Bot and Tina Launchpad.
Currently, the Vacuum project hosts weekly chat-to-earn events in its social media community, where more than 13,000 people participate to earn VC tokens by chatting. It can be obtained through the play of Crazy Rich Rabbit, a Web3 play-to-earn game in which the players can earn VC tokens just by playing the game.
Its most recent reveal, Project Henri, is an NFT avatar generation project required to enter the Metaverse Union. You have a taste of creating any avatar you like using the photos you have.
Vacuum is running its fairlaunch until 2 pm UTC on Jan. 2, 2023. The token will be listed right after the fair launch is over. Currently, it has filled up its softcap.
For more information, visit Vacuum Coin’s website or visit directly to Vacuum’s Pinksale Fairlaunch site at:
Valour Crypto products now available at independent research provider MoneyMoon
Valour Inc., a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralized finance, announced today that the independent comparison platform MoneyMoon listed Valour’s product since last week. MoneyMoon is one of the major European exchange traded product comparison platforms with over 75.000 active monthly users.
“We continuously search and compare the best European ETP’s available in the market,” said Imre Kiss, CEO of MoneyMoon. “The Swiss-based issuer Valour really stood out on every time frame providing best in class tracking performance combined with lowest fees to end customers. Given their outstanding product offering, we had to immediately integrate them in our app.” Marco Infuso, CSO of Valour adds: “Getting our products included on the leading independent platform MoneyMoon makes us really proud. Our inhouse trading and product structuring are responsible for very low tracking differences and hence for top performance. Seeing our products added on such a credible platform proves to us that we’re on the right path and are able to perform in this highly competitive market for both: Our institutional- as well as for our retail clients.”
Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Enjin (ENJ), Valour Bitcoin Carbon Neutral, and Valour Digital Asset Basket 10 (VDAB10) ETPs with low management fees. Valour’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum(ETH) as underlyings which are completely fee-free.
Valour Inc. is a technology company bridging the gap between traditional capital markets and decentralized finance. Our mission is to expand investor access to industry-leading decentralized technologies which we believe lie at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies and ventures in order to provide trusted, diversified exposure across the decentralized finance ecosystem. For more information or to subscribe to receive company updates and financial information, visit https://valour.com
MoneyMoon is an independent european ETF/ETP platform. They preselect the most favourable exchange traded products for end users. The app can be downloaded in the App Store or Google Play Store. For more information, please visit www.moneymoon.eu
Worldwide Crypto Based Exchange Traded Products AUM Dropped 17% in November
Fineqia International Inc.’s (the “Company” or “Fineqia”) (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) analysis of Exchange Traded Products (ETPs) worldwide that have cryptocurrencies as underlying assets, revealed a 17% decrease in the Assets Under Management (AUM) value during the month of Nov., closely mirroring the 15% drop in the cryptocurrency market value during the same period.
The total AUM decreased to $21 billion from $25.3 billion between Nov. 1 and Dec. 1 across 163 listed ETPs, according to Fineqia Research. Two ETPs that had FTX’s token (FTT) as their underlying assets have ceased trading, while six new ETPs were added, increasing the total number of ETPs listed from 159 to 163 so far in 2022. The new ETPs listed did not affect the total metrics, that have a combined AUM of approx. $5 million.
The ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs). The overall value of cryptocurrencies decreased 15% to about $850 million in Nov., more than 60% lower than $2.2 trillion in Jan.
On a year-to-date (YTD) basis, the AUM of crypto ETPs decreased 64%, similar to a 61% drop in the broader crypto market. Despite a 50% increase in the number of ETPs to 163 in Nov. compared with 109 in Jan., their overall AUM was $21 billion compared to $58.5 billion in Jan. The price of Bitcoin dropped by 65%, while Ethereum decreased by 67% during the Jan.-Nov. 2022 period.
“The price of cryptocurrencies dropped as a result of the FTX bankruptcy in early Nov.,” said Fineqia CEO Bundeep Singh Rangar. “We’re still facing contagious effects of the FTX failure that has consequentially weakened the financial position of other companies and made some of them insolvent.”
A number of crypto-related entities revealed some amount of exposure to collapsed cryptocurrency exchange FTX. These firms include Binance, BlockFi, Coinbase, Coinshares, Galaxy Digital, Genesis Global Trading, and Voyager Digital, among others.
ETH prices have plummeted due to selling by people who are believed to have hacked FTX. They are estimated to have sold more than 50,000 ETH and still retain more than 200,000 ETH. More selling by them could further negate the price of ETH.
The AUM of Ethereum (ETH) denominated ETPs decreased by 18%, while the cryptocurrency’s price dropped by 23% to about $1,200 from almost $1,600. Their AUM fell to $5.3 billion from $6.5 billion. ETH has been one of the most volatile crypto assets, part of both an uptrend and downtrend over the past few months.
ETPs holding Bitcoin (BTC) dropped almost 17% to $14 billion from $16.8 billion in the month of Nov. That has outperformed BTC, which suffered a 20% decrease to about $16,500 on Nov. 1 compared to $20,600 a month earlier. ETPs representing alternative coins decreased by 15% and those with a basket of cryptocurrencies dropped by 17%.
All references are in US dollars and all cryptocurrency prices are sourced from CoinMarketCap.
All ETFs and ETPs AUM were compiled from publicly available sources, such as 21Shares AG, Grayscale Investment LLC, VanEck Associates Corp., MorningStars, Inc., and TrackInSight SAS by Fineqia’s in-house research department.
About Fineqia International Inc.
Fineqia (www.fineqia.com) is a listed entity in Canada (CSE: FNQ), US (OTC: FNQQF) and Europe (Frankfurt: FNQA). Fineqia’s strategic focus has been to provide a platform and associated services to support securities issuances and manage administration of debt securities. Fineqia is building out its alternative finance business and holds a growing portfolio of blockchain, fintech and cryptocurrency technology companies worldwide.
Utherverse Partners with Leading Blockchain Platform Tokensoft to Launch International IDO for Much Anticipated Metaverse Native Token
Uther Coin (UTHX) now available on Tokensoft
NEW YORK, Nov. 30, 2022 – Utherverse, one of the largest metaverse platforms in the world, has signed a partnership agreement with Tokensoft, Inc., the leading technology platform for launching digital assets on the blockchain, to offer the first and second pre-sale rounds of the Uther Coin (UTHX) as part of the token’s initial decentralized offering (IDO).
Uther Coin will be the primary token used for transactions throughout the next generation Utherverse Software Platform. Utherverse powers the most popular and advanced metaverses ever built, and as such, Uther Coin will be needed by everyone accessing what will be the preeminent Metaverse as of next year.
As part of the agreement, a pre-sale of Uther Coins will be made available to buyers outside the United States and Canada beginning December 1. Interested persons should go to https://www.utherverse.io/UTHX to get approved and listed for the sale.
“Tokensoft has proven itself a credible resource for IDOs that delivers on its promises and the recent launch of its Web3-enabled platform makes it one of the strongest performers out there,” said Brian Shuster, founder and CEO of Utherverse. “We are anticipating a tremendous response to Uther Coin from our international community. Utherverse is going to significantly change the metaverse landscape once again, and our coin will likely be a top performer among all IDOs on the platform as we approach the launch of the next generation of the Utherverse metaverse.”
Founded in 2017, Tokensoft is a technology platform for creating and managing digital assets, based in Austin, Texas. The Tokensoft platform helps customers to comply with applicable regulations internationally to access a global userbase. To date, Tokensoft has helped create over $18 Billion in market capitalization with projects such as Avalanche, The Graph and Moonbeam.
Utherverse is a metaverse platform that enables developers to build interconnected virtual worlds, provides hyper-realistic immersive experiences for consumers and opportunities for companies to market and monetize their products and services. Utherverse generates revenue from custom metaverse building services, sales of NFTs and a variety of business verticals including advertising/marketing, shopping/retail, conferences/conventions, education, dating, lifestyle, entertainment events/performances, VIP experiences and virtual offices. The Utherverse platform was launched in 2005 by internet visionary Brian Shuster. A beta version of the next generation Utherverse platform is expected to launch in early 2023. The platform has served 50 million+ users with 32 billion+ virtual commerce transactions. Utherverse has developed the technology and received more than 40 patents critical toward operating large-scale metaverses. The company is based in British Columbia, Canada. More information can be found online at Utherverse.io; Twitter/Instagram: @Utherverse; Facebook: /UtherverseDigital; LinkedIn: /utherverse-digital-inc/; Telegram: /UtherverseAnnouncements; Discord: /Utherverse.io.
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Note: Digital assets to accompany this story are available at http://utherverse.pressrep.net.
The Honig Company, LLC
Stablecorp Announces the Beta Launch of Yield as a Service Digital – Fully Transparent, Data-Driven, Yield Generation Technology
Stablecorp, a Canadian blockchain technology company, today announced the beta launch of Yield as a Service Digital, or YaaS, a suite of multi-currency yield generation and analytics technologies. YaaS offers unparalleled transparency and analysis into a wide variety of both traditional and digital yield generation sources while providing superior visibility into asset location and holding details; underwriting and risk analysis practices on various yield-generating platforms; and additional risk mitigation and optimization mechanisms for each.
The YaaS technology is intended to generate exceptional risk-adjusted yield within the full universe of yield verticals and to improve access to these yields via digital assets such as stablecoins. The YaaS technology does this in five key ways:
- Taking a “composable ecosystem” approach by opportunistically selecting the top traditional, centralized, decentralized, and combined finance yield generation tools
- Using a blend of traditional and digital asset-based empirical data to select, back test and assess credit and exploit risks as well as mitigants across these platforms
- Increasing stablecoin-based access to high-quality corporate and government yields
- Maintaining real-time transparency of positions and real-time risk mitigation strategies, including on-chain monitoring, collateralization, insurance and senior tranche structures
- Taking advantage of additional yield optimizing tools and platforms to increase efficiency and effectiveness of yield generation
“With the significant disruptions inherent in the digital asset markets over the past six months and the meaningful rise in traditional interest rates, it is beyond time for a comprehensive yield analytics framework in the space. With YaaS, Stablecorp’s fundamental goal is to find the best and brightest yield opportunities across the full spectrum, assess them using a blend of traditional and novel frameworks, and access them using US dollar and Canadian dollar-denominated digital assets,” said Alex McDougall, CEO of YaaS parent company Stablecorp. “This doesn’t just mean the arbitrage and trading type of yield that we’ve seen to date in the digital asset space, but also more efficient forms of access to traditional corporate and government credit.”
Maple Finance, Idle Finance, Unslashed, Morpho Labs, Cinch and Component Finance are some of the initial platforms used in the YaaS technology suite.
“Maple’s on-chain lending platform provides industry leading credit professionals with the tools to run institutional lending businesses. The combination of blockchain technology with the highest underwriting standards provides capital allocators with fully transparent, non-custodial, risk-adjusted yield options. We are excited to partner with YaaS and connect their technology to an expanding range of opportunities on Maple,” said Sidney Powell, CEO of Maple Finance.
“Morpho enhances yields of lenders on DeFi platforms strictly by optimizing the underlying technology while preserving the same risk parameters and the same liquidity. We’re thrilled to work with composable platforms like YaaS to deliver better risk adjusted DeFi value propositions to their technology,” said Paul Frambot, CEO of Morpho Labs.
“At Idle, we are on a mission to step up DeFi by reimagining how we manage risk and yields. Our Senior Perpetual Yield Tranches (PYTs) offer intrinsic capital protection, as they are covered by Junior PYTs from a wide spectrum of risks. DeFi is stuck in subpar risk management and with PYTs, YaaS can seamlessly turn on and off tranching solutions and manage risks in real-time on a broad variety of underlying platforms. We are extremely excited for this partnership,” said Matteo Pandolfi, CEO at Idle Labs.
“Decentralized insurance protocols are critical to mitigating tail-risk in the space and the Unslashed protocol has generated a significant track record of paying out claims through the recent turmoil. We’re excited to work with YaaS to continue to bring these real-time, structured mitigants to their technology solutions,” said a co-founder of Unslashed.
Beta Launch Details
- YaaS is currently in a closed beta environment, and is conducting pilot tests with several select business partners
- Full-release version of the YaaS technology is anticipated for Q1 2023
- If interested in a demo or participating in the beta, please visit https://yaasdigital.com
Stablecorp is a leading Canadian fintech firm building bank-grade blockchain technology. Through its three product lines – Forge, Grapes and YaaS – Stablecorp blends bleeding edge technology with innovative approaches to solving customer needs to create “step function” improvements in financial services. Stablecorp focuses on consumer and personal treasury management, including cross-border payments, FX and leading analytics on digital asset borrowing and lending solutions, all leveraging blockchain technology.
For more information, visit https://www.stablecorp.ca and https://www.yaasdigital.com
indu4.0 powered by INDU – A native token to cover crucial needs of the manufacturing industry
The world of technology is filled with buzzwords these days. From AR to VR, AI to blockchain, it can be difficult to know when these technologies are worth leveraging. Several manufacturing businesses find blockchain particularly appealing because of its ability to be applied to various business processes, coupled with its inherent security and reliability. indu4.0 is one of many projects emerging in the industrial sector! indu4.0 is a blockchain-based project, seeking to revamp manufacturing with its native token, INDU.
Indu4.0 AG is a Swiss-based company that developed its platform indu4.0. indu4.0 project is a digital B2B marketplace targeted at the manufacturing industry that seeks to link supply and demand more efficiently and economically. This project aims to pioneer a digital B2B marketplace for the trillion-dollar manufacturing industry. It has already integrated numerous complex industrial products and services into the user-friendly platform with sophisticated filter systems. This article comprehensively overviews this cutting-edge platform and its native token for the manufacturing industry. Read on to learn more about its features, tokens, and benefits!
What is an INDU token?
The INDU token serves as the payment token for the Indu4.0 AG services. Thus users will be able to pay with INDU tokens for everything the company offers, including virtual trade shows, events, advertisements, and exclusive industry reports. With the INDU token, manufacturing will finally have its own currency, with a value more easily tradable. The INDU token will have 750,000,000 pieces, of which 37% are sold at the ICO at a very low price.
Use Cases of the INDU Token
- With INDU tokens, users can access advertising services and industry reports.
- INDU tokens can be used exclusively to purchase exhibition stands at events organised by Indu4.0 AG. Additionally, INDU tokens can be used to pay for events and trade fairs in the metaverse.
- The platform makes it possible to securely exchange sensitive and proprietary data, thanks to NFT technology. The INDU token will be used to verify each file’s owner.
The public presale of INDU tokens is currently underway. Sign up for the Presale here. You can take part in the sale to own INDU tokens. It is expected that the funds collected from the presale will be used to expand the team of developers. The money will also be used to cover marketing expenses and pay for infrastructure and office costs.
What are the benefits of the INDU token?
Potential Price Increases
indu4.0 is a new initiative to transform the manufacturing industry – the biggest sector in the world. This digital revolution will depend on the INDU token, which aims to become a native token for manufacturing. Right now, you can buy INDU tokens for a very low price, which is a worthwhile investment. As time passes, more INDU tokens will come into circulation, increasing token value. Now’s the time to join the journey to revolutionize the industrial sector!
Reward Program for Recommendations
indu4.0 has a loyalty program that rewards long-term users with INDU tokens. The indu4.0 platform rewards active users who subscribe and keep their profiles up-to-date. Customers can choose from three loyalty levels – Beginners, Pros, and Elites – based on their usage of the indu4.0 platform and the revenue generated. Each loyalty level offers a different reward.
Access to the Metaverse
Metaverse refers to a highly interactive virtual world. Metaverse users can trade digital assets like documents, files, and other digital assets, just like in the real world. A virtual space is available on indu4.0 for platform users where they can upload, watch and place ads using their INDU token. Users of INDU tokens will have priority access to the manufacturing metaverse, where they can buy and own property.
Being a part of the next Industrial Revolution
Blockchain solutions can alleviate common manufacturing pain points, such as onboarding suppliers and distributing products. Indu 4.0 AG developed the indu4.0 platform to unlock the potential of the manufacturing sector by integrating blockchain technology. Currently, the company offers many features to its users, and the INDU token also offers many benefits. This project has high ambitions, and its roadmap reflects those ambitions. There will be a lot of development in the future. Potential community members should participate in the next Industrial Revolution by being part of indu4.0 by acquiring INDU token!
What are the benefits of indu4.0 for manufacturers?
Sophisticated Filter System
indu4.0 manufactures a range of highly automated, fully enclosed, sophisticated filter systems for the manufacturing sector. With its sophisticated filter system, users can quickly find what they are looking for. Thus, users can be confident that they will receive inquiries suitable for their specific offers.
In the recent pandemic, the metaverse concept gained traction as people avoided in-person interaction, businesses adopted remote working policies, and digital communication methods became more prevalent. The blockchain-based, shared virtual space in indu4.0 allows users to explore and interact with a virtual world. The indu4.0 metaverse space lets you advertise on the platform or find trade shows you can pay for using INDU tokens. Furthermore, virtual exhibitions help to reduce the overall emissions of companies and thus contribute to their carbon footprint.
indu4.0 presents new security standard – IDS
indu4.0 presents IDS (indu Data Security), their future security standard for all industry data. This shows that data security is the primary focus in the indu4.0 platform. This IDS is responsible for the data security of all kinds of data in the platform such as technical drawings, blueprints, and industry sensitive data.
Connecting buyers and suppliers
With indu4.0, suppliers and purchasers can connect more efficiently and effectively. Through the platform, buyers can send offer requests directly to suppliers with just a few clicks. The search function is fully functional, and they can use the platform without logging in. indu4.0 lets you search for suppliers easily and quickly. It’s easy for the purchaser to find suppliers for the services they need with standardised terms and filter steps. Meanwhile, suppliers can create company profiles and view all offer requests from purchasers which leads to new customer acquisition opportunities.
The indu4.0 reporting system has exclusive features designed to attract potential users. The platform’s reporting system gathers and organises data from databases into reports, manages them, and distributes them to users so they can make better business decisions. With INDU tokens, users can buy advertising and benefit from lower fees thanks to paying with INDU.
There is no way for the purchaser to search for a specific item. Nowadays, the options are all tedious and inefficient, so you have to do a lot of searches or check suppliers manually. To solve this problem, indu4.0 lets you search for suppliers easily and quickly. It’s easy for the purchaser to find suppliers for the services they need with standardised terms and filter steps.
In today’s digital age, it’s more important than ever to entice potential customers with your new platform. Today, it’s crucial to have content in a language that visitors can understand. As a result, the indu4.0 platform will be multilingual, supporting EN, DE, FR, and IT languages, so buyers and suppliers can choose the language they prefer.
Manufacturing is one of the world’s largest industries, worth trillions of dollars and employing millions of people. The industry, however, suffers from inefficiencies. The problems can be solved if manufacturers and suppliers are more easily connected. The idea of indu4.0 came from bringing manufacturers and suppliers together. This platform uses blockchain technology to improve communication and collaboration between both sides.
The roadmap for indu4.0 is ambitious, and the team is doing everything possible to make it a success. INDU tokens will fuel the indu4.0 platform, helping you reach new heights in the industrial sphere. The INDU token is supposed to become the industry currency and facilitate more realistic trading. Hence, it is a great opportunity for crypto enthusiasts to become part of the next Industrial Revolution. If you’re looking for a project that’ll transform the manufacturing industry for the better, indu4.0 is a groundbreaking option. Take advantage of this potential earning opportunity and be part of this biggest change!
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Tuition Coin Announces Teach to Earn on Cardano
Tuition Coin, a novel Crystal Chain product, is the newest Teach to Earn project on the Cardano blockchain. Designed to incentivize further participation in educational technology, Tuition Coin powers a new system that will benefit both teachers and students.
Teachers, while forming an essential component of society, are often underpaid and overworked. By creating a cryptocurrency reward for contributions to the wider educational space, Tuition Coin ensures that teachers can thrive within the growing EdTech space.
Teachers from all over the world can earn Tuition Coins by registering on the Coins For College platform. After the sign-up and KYC process are approved, Educational content creators can start earning cryptocurrency in exchange for sharing knowledge. Those with existing content and lesson plans on the internet can also participate and contribute to the internet’s open information sphere.
Educational resources created by teachers will be available to students for free on the Coins For College platform. With a vision of ensuring that every child has access to high-quality educational material, Coins For College fills educational gaps irrespective of whether their school can provide it.
Students can complete lessons and assessments on the platform to earn Scholarship Points that form a standardized means by which progress and effort can be measured. Implementing a new, accessible standardized system is an important requirement for global education because of the waning influence of the SAT.
Tuition Coin (TUIT) works as an incentive for educational content creators. Teachers can supplement their income by earning TUIT in exchange for lessons, study plans and other learning resources. Abiding by Standards Correlation, the content can be shared in the knowledge that students will be able to access lessons that are age-appropriate as per their countries’ educational requirements.
60% of the 100 billion TUIT tokens that will ever be in circulation are reserved for educators, and can only be earned by contributing to the global educational ecosystem. Teachers will be offered the same incentives for content whether they create it afresh or import it from existing platforms. All content on the platform will meet the standards set by 1EdTech, a non-profit focused on making remote learning more standardized and accessible.
About Tuition Coin
Tuition Coin is the cryptocurrency that powers the Coins For College platform. Created by Crystal Chain, Tuition Coin forms a key part of the reward mechanism for teachers creating content and lesson plans.
Students can access the content for free using the Coins For College platform and will be awarded Scholarship Points upon completing modules and assessments. These Scholarship Points will serve as a measurement tool to identify promising and deserving students who desire to pursue further education, but may lack the financial resources to do so.
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