defi

Visionary Patri Friedman Joins TheStandard.io to Create the Ultimate DeFi Stablecoin Protocol

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Press Release: Decentralized stablecoin project TheStandard.io is pioneering a next-generation over-collateralized stablecoin infrastructure, backed by industry experts including Patri Friedman, grandson of  pioneering economist and statistician, Milton Friedman. 

 

September 7th, 2022, Berlin, Germany  – The cryptocurrency market has catapulted to new heights over the past few years, prompting a significant rise in the demand for stablecoins. As a result, the market’s most popular stablecoin, Tether USD, saw its market cap grow twenty-fold to over $82 billion in the second quarter of 2022.  

 

The demand has also led to the spectacular growth in projects experimenting with other approaches to stability. The most infamous example is Terra Luna, which took a pure algorithmic approach. However, as has been widely reported, Terra Luna went on to collapse for a number of reasons, the primary of which was the inherent flaws in a pure algorithmic model. 

 

TheStandard.io is from the team behind one of the oldest bitcoin exchanges Vaultoro.com proposes a new global standard for decentralized stablecoins backed by tokenized physical assets as well as crypto assets. TheStandard.io uses an over-collateralized model in which users ‘lock up’ assets in individual smart contracts called ‘Smart Vaults’. The DeFi protocol then allows users to borrow against these assets by minting new stablecoins pegged to any fiat they want at zero interest. Like any loan, government inflation decreases the value of their liability over time.

 

As a result, TheStandard.io eliminates the need for a centralized entity to maintain a peg and leverages inflation in favor of stakers.

 

Patri Friedman, advisor to TheStandard.io, commented:

 

“I’m thrilled to be advising TheStandard as they build a system to unlock the massive potential liquidity of hard assets such as precious metals. By using these as reserves to back over-collateralized stablecoins in any fiat currency, their system combines the safety of owning gold with the liquidity of bank deposits.”

 

Josh Scigala, CEO and founder of TheStandard.io further commented: 

 

“Patri Friedman is a true visionary, bringing startup cities and sea steading to life. He comes from a family whose legacy is very much aligned to the philosophy and goals of The Standard Stablecoin Protocol. Individual liberty, backing currency with rare assets, and market forces as governance.”

 

Patri Friedman will help The Standard DAO create the blockchain infrastructure needed for startup cities to have functional, central bank independent currencies backed by rare assets. He will also help build connections with other influential thinkers, VC’s and entrepreneurs in this exciting space.

 

A Roadmap to a New Standard

TheStandard.io will first launch sEURO, a stablecoin which will maintain a value of 1 EUR. This launch will happen in the following stages called Operation Deep Liquidity:

 

  1. Initial Bonding Curve Offering
  2. DEX Liquidity Bonding event
  3. TST (TheStandard.io’s native token) staking and rewards.

 

The Initial Bonding Curve Offering will incentivise participants with up to a 20% discount when purchasing the first sEURO stablecoin, allowing the build up of the Protocol Controlled Value (PCV). The concept of a bonding curve is to enable the build-up of reserve assets in exchange for the minting of sEURO at a discount for early participants. Tokens that can be initially converted into sEURO are Ethereum, PAX gold, wrapped bitcoin and Matic.

 

The second stage focuses on building up deep liquidity for the trading pair sEURO/USDC (or another pegged stablecoin. This was inspired by Olympus DAO, allowing the protocol to own liquidity in the pools rather than renting it from yield farmers. Users deposit their sEURO and USDT into The Standard DAO’s bonding contract which will be locked in a Uniswap liquidity pool. The longer the bond maturity, the higher the yield. The aim is to ensure deep liquidity and stabilize sEURO whilst continuing to reward early participants.

 

Finally, the DeFi protocol will also launch with a membership/governance token called TST (The Standard Token). Users can also stake TST to earn rewards which originate from the yield earned by the DAO when placing the liquidity from the PCV into safe yield farming activities. Users will be able to vote on where and how much to allocate to a specific activity.

 

Find out more about this three stage process here

 

About TheStandard.io

TheStandard.io is pioneering a new stablecoin infrastructure for the cryptocurrency market. Its vision is for the creation of a framework that enables stablecoins to represent every “fiat currency on Earth”, a milestone no other stablecoin has been able to achieve thus far. This ambition is evident in its brand, with ‘The Standard’ being a reference to the infamous ‘Gold Standard’ which created a currency full-backed by gold held by the State.

 

TheStandard.io is driven by veteran cryptocurrency enthusiasts who make up the pioneering team. They include Protocol Lead Joshua Scigala, co-founder of Vaultoro.com (one of the world’s first bitcoin exchanges), Philip Scigala, CEO and co-founder of Vaultoro, who first entered the space in 2010, Ecosystems Operations manager Ana Valdes, a master in foreign affairs, and Head of Engineering, Simon Morley, CTO of Vaultoro.com. 

 

This team has also attracted influential players in both the TradFi and DeFi spaces, including Patri Friedman, the father of smart contract auditing Hartej Sawhney, Social Development Evangelist Dr Jane Thomason and ecosystem builder Faraj Abutalibov just to name a few. 

 

To read more about The Standard DAO and its mission to re-shape the stablecoin space, visit their website here.

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Media Contact Details

Contact Email: juliane.verissimo@thestandard.io 

 

THESTANDARD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Hackless Pioneers B2B & B2C Security Tool for DeFi, Saving Nearly $500,000 for Clients

Hackless Pioneers B2B & B2C Security Tool for DeFi, Saving Nearly $500,000 for Clients

Press Release: DeFi protection solution, Hackless, is pioneering a new security tool which has so far saved funds worth just under $500,000 from hacked addresses.  

 

August 10th, London, United Kingdom – ETHLisbon Hackathon winners Hackless has designed a comprehensive security platform which aims to protect the decentralized finance (DeFi) world from targeted exploits, as well as safely migrate funds from individual wallets and protocols under attack.

 

Hackless works at the infrastructure level of EVM-compatible blockchains, uniting several elements from the blockchain ecosystem in order to strengthen a DeFi protocol’s security from the lowest levels of its ecosystem.

 

The platform has three core services which it uses to help defend against exploits and recover funds:

 

  • Watchdog – A mempool monitoring tool which tracks suspicious transactions. 
  • SafeMigrate (B2B) – The first-to-market service which ensures that funds can be successfully migrated from a paused DeFi protocol that is being attacked.

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  • Conductor (B2C) – A private mining provider that ensures the safe and undetectable migration of user’s funds from compromised wallets.

 

The Hackless team believes this type of active protection is critical to the future innovation in the DeFi space given the substantial increase in the value of assets being locked up in DeFi applications.

 

Serhii Androsiuk, co-founder and CEO of Hackless, commented:

 

“The daunting thing about DeFi right now is that the rising tide of recent security exploits seems to out-speed the adoption and development of DeFi as such. Seven of the ten largest crypto thefts from January 2021 to March 2022 involved DeFi protocols. Frequent brutal exploits of flash loan protocols, cross-chain bridges and individual crypto wallets stress the need for a powerful security tool which is capable of boosting industry’s security level right away. We envision Hackless as a comprehensive platform that offers solutions both for DeFi protocols and individual investors. When used by all types of DeFi players it will enhance the overall protection giving a boost to industry’s growth.”

 

Hackless In Action

Earlier this year, A.I. and blockchain-powered virtual assistant services platform VAIOT was subject to a brutal exploit. Attackers tried and succeeded to take ownership of several of the platform’s operational wallets, containing its native currency VAI, which are critical for the functioning of its services. This resulted in the theft and freezing of several million VAI and tens of thousands worth of ETH and BNB, belonging to both their users and VAIOT itself.

 

The Hackless team integrated with VAIOT, contributing their expertise to the effort to safely migrate the frozen assets from the contract owned by the attacker. Using a variety of techniques and tools utilized in the Hackless product itself, the team were able to successfully help VAIOT recover $400,000 in frozen assets, whilst ensuring both the techniques and their employment remained undetected to the attacker.   

 

This successful case study was followed in quick succession by other examples of Hackless in action. The first involved a user who had their private keys stolen (a theft all too common in the crypto space) following a phishing attack. The attacker then monitored the wallet, draining all funds as soon as they appeared, leaving the user unable to access their NFTs worth ~$4,000. In this case, Hackless was able to deploy two key features of its product, the Conductor and SafeMigrate. The team were able to retrieve all the user’s NFTs to an uncompromised wallet without the attacker being aware.  

 

The second was a similar case, only the amount stolen was significantly higher at $87,000. Deploying the same features, Hackless was able to recover this amount quickly, proving again not only that there is demand for this service, but that their tools work. Consequently, both the Conductor and SafeMigrate form part of Hackless’ core offering, which is now available to the public. 

 

Securing the Future of DeFi with Hackless

Hackless has demonstrated its DeFi security pedigree in the wild. Its mission to provide a robust security layer between Ethereum and its many DeFi protocols, is inspired and facilitated by the experience of its Ukraine-based team. Co-Founders Serhii Androsiuk and Pavel Radchuk have extensive experience in the blockchain space, with both having worked with various DeFi and NFT projects since 2017. Androsiuk is also a veteran of the banking sector, lending his expertise in growing projects to scale to the Hackless team. 

 

This year has seen the beginning of the architectural design for its modular platform, as well as production-ready services. The roadmap this year still has a number of exciting developments to come, including its staking program (Q3 2022), V1 Conductor (Q3 2022) and V1 SafeMigrate (Q4 2022). 

 

Combined with partnerships with leading DeFi projects such as Blaize and Zokyo, Hackless is well positioned to deliver a much needed security solution for the DeFi space.

 

To read more about Hackless and its pioneering solution to protect DeFi assets, visit their website here.

 

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Media Contact Details

Contact Name: Nataliia Maslennykova

Contact Email: contact@hackless.io 

 

HACKLESS is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

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YOP Finance Launches Three-Click Yield Farming Platform for DeFi

YOP Finance Launches Three-Click Yield Farming Platform for DeFi

Press Release: YOP Finance has launched a platform that lets users earn the highest passive income on their crypto across top blockchain platforms from a clean, simple, and easy-to-use application.

 

May 24th, 2022, Seychelles – YOP Finance, the DeFi interface that lets users earn passive income on their crypto assets, is now live for all users. Following a highly successful private launch, this will be the first time all users will be able to use the platform. Users can take advantage of the YOP vaults and earn passive income on their crypto with APYs as high as 65%. The platform is designed to be intuitive and extremely easy to use, removing any barriers to entry for the average investor to earn passive income that were earlier available to only a select few.

 

Since its public launch, the platform has already reached over $1Million in TVL, with $600,000 being locked in the first 72 hours. The YOP vaults will initially have increased caps to enable a large number of users to invest and earn passive income on their digital assets. 

 

Getting Started With YOP

The YOP Finance vaults were launched to all users on 4 May 2022, where users could head to the vaults app and start depositing their crypto. Users can access the Vaults by depositing either stablecoins or wBTC and wETH. 

 

The YOP vaults are a combination of multiple strategies put together with different weights to offer maximum returns while reducing risk exposure. Using smart contracts, these vaults continually reinvest earnings, compounding returns and achieving maximum yield for investors.

 

While the platform already offers high base APYs, users can unlock even higher returns with YOP’s booster feature. Users simply have to stake $YOP tokens in the YOP LockBox to increase earnings. The higher the stake in the LockBox, the more significant APY boost each user gets. The Boost is in the form of a multiplier x1 — x10, which applies to the Reward APY, which is above the base APY of the vault.

 

Post a successful launch, Barry Downes, COO of Pluto Digital, the parent company of YOP, said: 

“YOP makes participation in a complicated area of crypto simple and accessible for all giving people the control, insights, and flexibility all from a single application. Now anyone can start staking their crypto and start earning a passive income with a click of a button.”

About YOP 

YOP Finance offers an opportunity for passive income to anyone looking to make returns on their crypto without having to deep-dive into the world of DeFi. Removing the redundant jargon and extra clumsy UIs, the YOP platform makes investing and earning simple for everyone. The platform is secured by an in-house team of security specialists and audited by industry-leading crypto entities. 

 

The team behind the YOP platform is a transparent and deanonymized mix of seasoned builders with crypto natives. The team combined has decades of experience building simple yet effective products that can shape the future. 

 

As the public launch concludes, YOP is excited to bring more features to its investors. With the $YOP utility token, investors can enter a rich ecosystem that offers stellar APYs and much more. 

 

For more about YOP Finance and its new passive income focussed platform, visit their main website here.

 

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Media Contact Details

Contact Name: George Turpin

Contact Email: georgie@plutodigital.com

 

YOP Finance is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

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Acta Finance Enters The Avalanche Ecosystem After Successfully Rebranding From ADA Finance

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Press Release: DeFi ecosystem, ADA Finance, has rebranded to Acta Finance, launching a new native token $ACTA, as well as developing its own AMM, ActaFi Swap.

 

March 14th, 2022, Mahe Victoria, Seychelles – ADA Finance, a pioneering decentralized finance (DeFi) ecosystem which will operate on Avalanche initially, has successfully completed a rebrand, changing its name to Acta Finance (ActaFi). In addition to this rebrand, the ActaFi team have also been developing their own native Automated Market Maker (AMM) protocol, ActaFi Swap.

 

The ActaFi team took the name ‘Acta’ from the latin phrase ‘Acta non verba’, which translates to ‘deeds not words’ reflecting the team’s focus on substantive development and community building within the crypto space. 

 

Commenting on the rebrand, ActaFi’s CEO & Founder, Christof Waton, said:

 

“Initially, we only wanted to launch on Cardano, but we couldn’t risk oru investors’ funds developing on an early-stage blockchain that is still prone to vulnerabilities and scalability issues. Therefore we started to develop the same ecosystem, within the same project, on Avalanche in parallel. The name ADA Finance limited the interest of people that are anti or neutral towards ADA / Cardano, with our token on Avalanche and utilities on Avalanche, it was better to perform the rebrand to a neutral name, hence Acta Finance.” 

 

Pioneering the DeFi space

ActaFi’s rebrand is accompanied by several new feature releases and announcements which will lay the foundation for ActaFi Swap. The first is an onchain affiliate program which will incentivise Acta community members to attract new users to the ecosystem, encouraging organic community growth. 

 

This will work in conjunction with the onchain staking of $ACTA, the ecosystem’s new token. Users will be able to stake $ACTA in the normal way, maturing their stake to claim governance rights in the ecosystem’s new decentralized autonomous organization (DAO) when it becomes available. 

TGE incentives for $ACTA will be made public on April 5th, 2022 and both $ACTA staking and the ecosystem’s affiliate program are currently being audited by Solidity Finance. 

 

A New Approach to AMMs

ActaFi’s new AMM, ActaFi Swap, is set to launch later in 2022 and will include several new features which put it at the cutting edge of AMM protocols. 

 

Firstly, ActaFi Swap will follow Uniswap v3’s concentrated liquidity model, a model that allows liquidity to be allocated within a custom price range. Although this requires more maintenance than the passive function adopted by most common AMMs, the ability to customize price ranges  allows liquidity providers to provide their capital in a more efficient way according to their needs. As a result it is preferred by experienced digital asset managers, market makers and funds as it allows them to act more dynamically to market changes. 

 

Secondly, the ActaFi team is targeting decentralization and interoperability from the offset like competing aggregators, such as 1inch. This will provide maximum liquidity for the ActaFi ecosystem, ensuring that the AMM can achieve the most efficient prices for its assets. 

 

Finally, ActaFi Swap will include a token bridge as a secondary function built into the swap, allowing users to benefit from access to greater liquidity for an asset on other blockchains (e.g. Ethereum, Cardano and Avalanche.). Consequently, users have the best possible price outcome for the assets they want to exchange. This is a feature of the most sophisticated DeFi ecosystems, but is often too complex for regular users to make use of. ActaFi Swap will simplify the user experience to make toke bridges more accessible to the regular user. 

 

For more information on ActaFi Swap, read this blog

 

Building on a Year of Success 

 

Both ActaFi’s rebrand and the development of its own AMM follow a year of positive press, business development and community building for the ActaFi team. The team received an award for Best DeFi Project of the Year at the AIBC Summit in Malta in November 2021. Consequently, the team attracted the attention of several KOLs in the crypto space, including over 70 YouTubers with a global reach of over 8 million people. The team also managed to secure an investment from Roger Ver (AKA Crypto Jesus), former CEO of Bitcoin.com and early investor in Bitcoin.

 

The ActaFi team are now leveraging this success to position themselves at the forefront of the DeFi space, with the rebrand putting emphasis firmly on development. 

 

For more information on how Acta Finance is positioning itself as a leading innovator in the DeFi space, visit their website here

 

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Media Contact Details

Contact Email: marketing@actafi.org 

 

ACTA FINANCE is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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RR2 Capital Expands Portfolio with Strategic Investment in DAG-based DeFi Platform Aleph Zero

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Press Release: RR2 Capital is expanding its disruptive technology investment portfolio, announcing a strategic investment into privacy-preserving platform, Aleph Zero.

 

February 14th, 2022, Lisbon, Portugal – RR² Capital, a pioneering venture capital firm empowering the ‘new internet’, has announced a strategic investment in cutting-edge DAG-based DeFi platform Aleph Zero. The move forms part of a calculated expansion in RR²’s disruptive technology investment portfolio, which is spearheaded by a thesis centered on digital assets, blockchain technology, A.I. and Machine Learning.

 

The investment took place through RR² Capital’s participation in a private funding round during November 2021. With over 7 years experience as an incubator for more than 120+ disruptive start-ups RR² is poised to accelerate Aleph Zero’s rapid growth.

 

Aleph Zero at the Forefront of a DeFi Revolution

Aleph Zero plans to deploy the funding received in the strategic investment to expand efforts in the DLT’s ecosystem development and marketing, alongside a boost to the progressive team of blockchain visionaries driving forward the project’s roadmap. 

 

Substantial progress has already been made since the closure of the initial funding rounds, in just three months Aleph Zero has managed to engage a total of 30 staff on a full-time basis – including 20 software developers. The investment has also enabled Aleph Zero to bring in the expertise of more than 20 project consultants and advisors. 

 

Part of the strategic investment is focused on bringing awareness to the important transition into fast, low-cost, privacy-enhancing, and highly scalable blockchains that have the capacity to meet the demands of enterprise. RR² will contribute towards Aleph Zero’s community building and brand awareness, a fundamental area of strength for the venture capital firm which boasts an impressive community of over 320,000+ members. 

 

Explaining the ethos behind the decision to back the sophisticated blockchain venture, Richard Seiler, Partner at RR² Capital commented: 

 

“Firstly, our interest in DAG-based chains, Aleph Zero has designed an incredible piece of technology and we wanted to be a part of this development. Our fund mission statement says we invest in teams and projects who are developing innovative and disruptive technologies. This could not be more true than with the Aleph Zero team.” 

 

Speaking about the collaboration with RR² Capital, Aleph Zero’s Co-Founder, Antoni Zolciak added:

 

“We appreciate the relationship with RR2 Capital due to their technical know-how as well as appreciation not only for the project’s market share potential, but also for the design of the technology itself. We see RR2 as value-add investors.”

 

About Aleph Zero

Aleph Zero is a privacy-focused, DAG-based layer 1 protocol, designed to provide a solution to the ‘blockchain trilemma’, a protocol level issue with blockchain technology that forces blockchain-based protocols to trade off between decentralization, scalability and security. By utilizing DAG as an intermediate data structure, Aleph Zero managed to achieve instant transaction finality, yet still produce blockchain as a result.

 

Powered by a novel consensus protocol presented at the Advances in Financial Technology conference in 2019, Aleph Zero upgrades current decentralized ledger technology to provide near-zero fees, privacy and the potential for infinite scalability, as well as true decentralization. The team behind Aleph Zero’s core development, Cardinal Cryptography, also secured a Web3 Foundation grant for development of Substrate randomness beacon.

 

The Aleph Zero team’s mission is to enable access to a world-class decentralized infrastructure by bringing transparency and privacy to individuals and institutions whenever they seek to directly exchange value with one another.

 

Alpha Zero is currently in phase 3 of their ambitious roadmap, which include the implementation of native tokens transfers on its mainnet, the introduction of smart contracts and the integration of commonly-used programming language Rust.

 

About RR² Capital

RR² Capital is a Lisbon-based venture capital firm which specializes in disruptive technology spaces such as decentralized ledger technology, artificial intelligence, machine learning and digital assets. They believe that many traditional businesses and organizations will implement these technologies, adding immense value to the core of those businesses.

 

RR² Capital’s mission is to capture this value by investing in early stage projects and teams leading this innovation, as well as those businesses that are promoting adoption. The team operates a strategy centered on a long-term vision, developing long standing relationships, utilizing trusted advisors in decision-making, building an integrated network of first-movers and instilling the trait of flexibility in its team. 

 

This has positioned RR² Capital as experts in value creation, reporting 1,011% returns across a portfolio of 120+ investments in 2021.

 

For more information about RR2 and their expansive disruptive technology-focussed investment portfolio, visit their website here

 

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Media Contact Details

Contact Email: media@rr2.capital

 

RR² CAPITAL is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Polis Partners with MCN Ventures to Build Cross Chain DeFi Ecosystem on Polis Chain

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Press Release: Polis is partnering with decentralized crypto venture capitalist MCN Ventures following the successful launch of the Polis Chain ecosystem. 

 

December 21st, 2021, Mexico City, Mexico – Community-based decentralized finance (DeFi) platform Polis is announcing a partnership with decentralized VC MCN Ventures. The collaboration, which is the first of its kind for Polis, will focus on building a cross-chain DeFi ecosystem on Polis Chain, Polis’ native blockchain.  

 

As part of the collaboration, four new projects are set to be deployed by MCN Ventures on Polis Chain in the next few weeks. These include decentralized stablecoins Xdollar and MinMax, farming ecosystem MCN Multiple, and Acheron, a third-party bridge for Polis Chain.   

 

Speaking about the collaboration, Andreas Meyer, Business DAO Manager commented: 

 

“For our project it is the first time that we will work together with a venture fund. The special thing is that MCN is completely decentralized and has a huge network in the DeFi space. This brings us many new opportunities to grow our Polis Chain for 2022. We are looking forward to this collaboration and the future new projects on our chain.”

 

Bill the Investor, a general partner of MCN Ventures also commented

 

“The partnership between MCN and Polis will help Polis to build its defi projects fast and greatly enhance the MCN ecosystem.”

 

The New Kid in DeFi

Polis’ collaboration with MCN Ventures comes after a swathe of developments at Polis following its entry into the DeFi space, marking its 4-year milestone. In November 2021, Polis launched Hades Swap, its first decentralized exchange (DEX) in a key pivot into the DeFi space. The DEX had over $2.5 million in trading volume in its first week, with Total Value Locked (TVL) peaking at $2.5 million too. To date, $6.5 million worth of crypto assets has been traded on the platform.

 

Moreover, Polis successfully launched the Olympus Network, a blockchain within the Polis ecosystem capable of running smart contracts. This will allow developers in the ecosystem to easily create decentralized applications (dApps), a feature which is critical for its operation in the DeFi space.  

 

Finally, in November 2021, Polis partnered with Meter,io to bridge the Olympus Network to Binance Smart Chain to facilitate transfers of stablecoin DAI. The Polis team has also been pursuing several additional partnerships which are due to materialize in the next few months.

 

Combined, these developments suggest Polis’ pivot towards DeFi is not only well-funded, but well-resourced, ensuring Polis is positioned to become a leader in the DeFi space. 

 

About MCN ventures

MCN Ventures is a decentralized incubator, investor and liquidity provider.  Its stakeholders  comprise Twitter-based key opinion leaders, entrepreneurs, traders and analysts focussed on decentralized finance. Collectively, stakeholders invest in early-stage projects, providing a range of industry expertise as well as capital.

 

The MCN team leverages a platform of over 200,000 followers across Twitter, Telegram, WeChat and Weibo to help grow early-stage communities as well as providing technical expertise in the form of code audits and evaluations. 

 

About Polis

Polis is the main asset on the Olympus Network. It allows users to pay for transaction fees, as well as transferring value stored in Polis within the network. Polis Chain is EVM-compatible, meaning developers can build applications that make use of smart contract technology. 

 

The network started as a fork of popular payment platform DASH, adopting its own Proof-of-Stake rules in 2018. Moreover, Polis is governed by a decentralized autonomous organization (DAO) which elects five managers responsible for the ecosystem’s operation. All Polis members are able to vote for each of the positions as well as put forward and vote for specific proposals pertaining to the ecosystem’s future.  

 

For more information on the Polis and MCN Ventures collaboration, visit their website here.

 

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Media Contact Details

Contact Name: Maria Sidorova

Contact Email: maria@polispay.org 

 

POLIS is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

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Polis Enters the DeFi Space, Launching Smartchain, DEX and BSC Bridge

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Press Release: Polis is launching its first-ever blockchain, PolisChain, allowing users to benefit from its purpose-built DEX and Yield Farming.

 

November 15th, 2021, Mexico City, Mexico – Polis, the project behind decentralized payments platform PolisPay, is announcing the launch of PolisChain, its first native blockchain to power the Polis ecosystem, which includes the Olympus network.

 

The new chain represents a significant move for the ecosystem, signalling the project’s ambition to increase adoption with a particular focus on the fast-growing decentralized finance (DeFi) space. 

 

Coinciding with this announcement, the team behind Polis has also launched a dedicated decentralized exchange (DEX) for the PolisChain called HadesSwap. HadesSwap allows users in the Polis ecosystem to exchange the ecosystem’s tokens without the need for a centralized exchange, as well as stake Polis and other crypto-assets for returns. 

 

Currently, HadesSwap supports DAI, SOUL, BTCB, ETH and CAKE, and is compatible with popular decentralized wallet Metamask. HadesSwap also features a Binance Smart Chain (BSC) bridge for assets BTCB, ETH, CAKE and DAI. 

 

Speaking about the launch, PolisChain’s business DAO manager, Andreas Meyer, said: 

 

“In the long term, the Polis Chain team will focus on payment tools, merchant connections and online stores, creating a smart chain for fast payments and decentralized applications”

 

Towards DeFi and Beyond 

In addition to developing a new DeFi offering, Polis have been focussed on developing several new features for their gowing ecosystem. This includes the recent addition of Polis to Meter.io which connects PolisChain to BSC, supporting a bridge for BTCB, ETH, CAKE and DAI on both networks. 

 

Meter.io is a highly decentralized Ethereum scaling solution with a built-in metastable gas currency. It connects to Ethereum and other blockchains as a layer-two protocol and allows smart contracts to scale and communicate seamlessly through heterogeneous blockchain networks.

 

Read more about Meter.io here.

 

Moreover, in October 2021, the Polis team released Polis Block Slasher, a free-to-play game that allows players to win Polis, a feature that incentivises the wider ecosystem’s adoption. The game is randomized according to each player’s wallet address, with the chance to win up to 400 Polis (worth just over $100 at current market rates) if they secure a ranked position by November 30th. 

 

Find out more about Polis’ Block Slasher game  here

 

About Polis 

Polis is the main asset on the Olympus Network. It allows users to pay for transaction fees, as well as transferring value stored in Polis within the network. Polis Chain is EVM-compatible, meaning developers can build applications that make use of smart contract technology. 

 

The network started as a fork of popular payment platform DASH, adopting its own Proof-of-Stake rules in 2018. Moreover, Polis is governed by a decentralized autonomous organization (DAO) which elects five managers responsible for the ecosystem’s operation. All Polis members are able to vote for each of the positions as well as put forward and vote for specific proposals pertaining to the ecosystem’s future.  

 

At its core, Polis has adopted a community driven approach to creating new technology for the purpose of promoting widespread cryptocurrency and decentralized ledger adoption.

 

For more information on how Polis is using its own native blockchain to revolutionize DeFi, visit their website here.

 

Follow Polis on Twitter

Read the Polis blog on Medium
Join the Polis community on Telegram

Stay-up to date on all things Polis on Youtube 

 

Media Contact Details

Contact Name: Maria Sidorova

Contact Email: maria@polispay.org 

POLIS is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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BEUROP Launches DeFi Trading & Marketing Platform for Blockchain Startups

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Press Release: Blockchain Euro Project BEUROP has announced the launch of its DeFi trading and Marketing platform for cryptocurrency startups and everyday users.

 

Monday 18th, London, England — Following the launch of its deflationary BEPR token, Blockchain Euro Project (BEUROP) is preparing to establish its first product: a DeFi crypto trading and marketing platform for developing blockchain industry startups.

 

What is BEUROP?

BEUROP is a European blockchain-powered company that focuses on making cryptocurrency startups transparent, efficient, and reliable. The company’s new flagship product is a DeFi trading & marketing platform that will help legitimize emerging companies, tokens, and blockchain projects; while offering token holders potential income and liquidity.

 

DeFi & Marketing Platform

The BEUROP platform aims to integrate projects in the DeFi, NFT, CeFi, Gaming, and Business space into its ecosystem, while also providing benefits to regular crypto users. The platform’s tools will offer business promotion through marketing banners like Poocoin or Dextool, and functionalities like Coinsniper and Coinhunter, with the option to vote/promote tokens directly. The advertising package contains complete marketing for presale, post-sale, and exchange listing.

 

Crypto Trading and Marketing Tools

Everyday crypto users will benefit from an intuitive interface that integrates:

 

  • Night mode
  • Free trading options
  • Digital asset analysis
  • Audited Smart contracts with characteristics to match with honeypots.

 

The platform also features enhanced cryptographic security which uses its intelligence tool for comprehensive cryptocurrency analysis. The result will be a free report on possible risks or threats when working with a token/currency.

 

BEUROPs DeFi trading and marketing platform aim to provide a complete product with all the utilities, accessible, secure, and with the best prices on the market. The company will also build a cross-chain bridge to other networks such as Solana, Polygon, and Ethereum. Therefore, users will have the opportunity to join BEUROP’s platform and get all the benefits in one product.

 

Services and Resources

A good marketing strategy for blockchain projects ensures the proper positioning in the crypto ecosystem and the influx of long-term investors. BEUROP includes multiple services and tools that will boost startups. After launching the first version, developers will implement several functionalities for the crypto marketing platform as startup launchers.

 

BeSmartBeurop

BEUROP is also set to soon release BeSmartBeurop, a free educational program for BEPR holders that will include financial knowledge, personal development, programming skills, trading, among other options. The company will help people to develop professionally and personally. The best qualifications will join the BEUROP team in designing the first blockchain ecosystem in the European Union.

 

e-Wallet & BEPR Distribution

Parallel to the educational platform, BEUROP will launch its e-wallet. This product will be connected to the other projects within the roadmap, to minimize cases of fraud and help to improve the process of buying/selling the reflective token, BEPR.

 

Project owners will have a secure and efficient tool in BEUROP DeFi crypto trading and marketing platform. Meanwhile, BEPR token holders will see stable growth of their finances with this product due to its reflection mechanism, in which 10% of the taxes are distributed (BEPR Holders 3%, LP Holders 3%, and Marketing 4% which include 1% for Charity).

 

About BEUROP

With legal registration in England and a team with more than five years of experience in blockchain solutions, BEUROP is a company created to provide its investors with stable income through an ecosystem whose products respond to the current needs of the crypto market. Anyone interested in the project can check out the BEUROP Whitepaper here.

 

BEUROP Socials

Twitter | Discord | Telegram | Medium | Team | Insta | Facebook

 

Media Contact Details

Contact Name: Karen Gandia

Contact Email: info@beurop.com

 

BEUROP is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

 

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Huobi-backed SocialFi Platform, Torum to Make Social Metaverses a Reality with Avatar NFTs

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Press Release: Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform. 

 

29th September 2021, Kuala Lumpur, Malaysia  Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and the world’s first-ever social-integrated Avatar NFT, following a strategic investment from Huobi Ventures back in August 2021.

 

Torum SocialFi Platform 

The conceptualization and creation of metaverses have been on the rise since the explosion of the NFT market, and Torum is leading the social side of this emerging industry with its Huobi-backed SocialFi platform and ecosystem. 

 

The Malaysian-based SocialFi platform has decided to take the lead and build a Social Metaverse within the crypto and blockchain industry. This evolution will kick off from the launch of the world’s first-ever social-integrated Avatar NFT.

 

Meet your Metaverse Identity

Powered by Binance Smart Chain, Torum is releasing 21 sets of Genesis Avatar NFTs that are designed with custom themes and popular cultural references. Each avatar represents a one-and-only identity in the Torum metaverse, joined by over 115,000 other users. The BEP-1155 Avatar NFT is created by combining 6 different types of Avatar pieces of different rarity, which are only obtained through the Torum Genesis Blind Box NFT. 

 

There are more than 85 million Avatar variations to be explored, allowing the community to express their full inner creativity. As the Avatar NFT is integrated directly into Torum, the owner can use the Avatar as a socialized metaverse profile, bringing the combination of “Social + NFT” concepts into life.

 

Genesis Blind Box NFT

Each blind box contains one unit of Avatar NFT piece that is used to assemble a full Avatar NFT set and can only be purchased using the native token of Torum, XTM. To ensure equal opportunities for everyone, the chance of each NFT drop is completely fair and transparent as the total supply is pre-determined through smart contracts and traceable via blockchain.

 

Every XTM spent in the blind box purchase will be burned from the total token supply forever. As the circulating supply of XTM is reduced, it creates a win-win situation for every party in a wholesome metaverse economy.

 

Gateway to Crypto Social Metaverse

As the metaverse concept is still in its infancy stage, there is a massive untapped potential for a socialized metaverse. The Avatar integration is a perfect scenario of how Torum can unleash the possibility of owning a Metaverse identity on social media platforms.

 

The Avatar NFTs and NFT pieces unlocked from the blind box can also be listed and traded on Torum NFT Marketplace upon availability. The swift and flexible approach of the multi-chain SocialFi project has also led to the integration of DeFi and crypto marketing tools like Torum Finance and Torum Lounge respectively. 

 

With over 115,000 registered users and Huobi Ventures behind its back, Torum is always ready to adapt and integrate any blockchain trend that emerges in the crypto industry, including Metaverse.

 

Torum Socials

Website | Twitter | Telegram | Medium | Facebook

 

Media Contact Details

Contact Name: Jayson Tan

Contact Email: hello@torum.com  

 

Torum is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

Source

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Esports Leader & BSC Utility Token Nobility Announces Rostik Rusev for Advisory Board

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Press Release: esports company & BSC Utility token Nobility has announced the appointment of  Rostik Rusev on its board of advisors as the company gears up for launch. 

 

September 10th, 2021, Florida, USA — Nobility (NBL) is a revolutionary new BSC utility token focused on disrupting the esports industry with its unique smart contract capabilities. The project has just announced DeFi enthusiast, crypto entrepreneur, and blockchain business leader, Rostik Rusev as an advisor on its board.

 

Crypto Magician in the Shadows

Nobility is proud to announce the appointment of the ‘Crypto Magician in the shadows’ to its advisory board. Rostik Rusev is highly revered in the crypto space and will bring to the project a vast wealth of experience from not only the De-Fi space, but also from his previous work in the PR, Entertainment, and Music industries. 

 

Previously known as “The Bad Boy of crypto” Rusev made his name as an early pioneer in blockchain PR and will look to use his industry experience and connections with crypto exchanges to help Nobility increase its utility and disrupt the esports industry with this innovative new approach to DeFi. Led by CEO and Noble esports founder Kyle McDougal, Rusev will help Nobility break into the multi-billion dollar gaming industry and offer the market a scalable global solution. 

 

What is Nobility Token?

Nobility is a Revolutionary esports platform & utility token on Binance Smart chain. The token’s utility is focused on organizing and providing gaming tournaments with huge prize pools whilst rewarding token holders, and content creators with reflection rewards paid out in BUSD. 

Nobility will be a scalable global solution that addresses some of the limitations of the esports gaming industry through its blockchain smart contract; creating a fair, balanced, sustainable revenue system in the process. 

 

Nobility CEO Kyle McDougal voiced his excitement about the appointment: 

 

“We are delighted to announce the addition of Rostik Rusev to our growing team. As an advisor to the Nobility project, Rusev’s vast experience and in-depth understanding of both the blockchain industry and marketing nuances of crypto will prove invaluable.

 

His dedication, passion for change, work ethic, and ability to think outside the norm are key attributes that we see as pivotal in our quest to break new ground in esports, and offer the industry a fairer, more balanced, and sustainable revenue system.”

 

NBL Tokenomics

The Nobility utility token (NBL) uses a unique blockchain smart contract that employs an 11% fee on all swaps and transfers on the network. What makes Nobility unique is that it pays out rewards from this fee (known as reflections) in BUSD rather than the token itself, which offers much more secure rewards as the coin’s price is pegged and not susceptible to large price swings. 

 

For each transaction, a certain number of users are sent their reflections, depending on the size of the transaction and the gas that is used to send the transaction. Another huge benefit of this structure is that Larger transfers can process more BUSD payouts, as the required amount of gas is proportionally less than the value of the tokens. 

 

The 11% token fee is broken down and allocated in the following structure: 

 

  • 7% from each transaction is redistributed by weight to qualifying holders in BUSD. 
  • 2% added to the liquidity pool. 
  • 2% is allocated for Nobility Use wallet: Esports tournament prize pools, marketing, business development, charity donations, scholarship funding, manual burns, community events, giveaways.

 

Nobilities NBL token is currently available to buy on PancakeSwap & Bogged with BSC using MetaMask or TrustWallet 

 

Nobility has a host of new developments to be announced soon, as the team looks towards a full launch, more advisors, increased token utility, exchange listings, and organizing huge prize gaming tournaments. 

 

Media Contact Details

Contact Name: Rostik Rusev

Contact Email: Rostik@nobilitytoken.com 

 

Nobility Token Socials

Website | Twitter | Telegram | Discord | Litepaper

 

Nobility Token is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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