The quest for financial freedom and privacy advised the formation of Bitcoin. Bitcoin proved that a solution did exist that rid the middleman.

But though the intermediary had been eliminated, the community found that Bitcoin simply wasn’t enough. 

There had to be a solution that blew open the set of limited possibilities. That is when Vitalik Buterin and five other co-founders conceived the idea of Ethereum. 

Through Ethereum there is smart contracting and tokenization. Real-world, tangible assets—or intangible services, could be packed and sold to investors allowing fractional ownership. There are also decentralized applications (dApps) which introduced resilience and censorship resistance. 

However, Ethereum is now dominant in a new form of finance. Open or decentralized finance simply known as DeFi is democratizing banking and enabling the owner of assets to lend or borrow assets.

The Growth of DeFi

In reality, DeFi is all-encompassing and describes financial applications that are domiciled in Ethereum. Still, that doesn’t mean exchanges or blockchain agnostic lending, exchanges, or borrowing platforms aren’t DeFi.

According to DeFi Pulse, there are over $1.5 billion worth of ETH locked by DeFi dApps. A closer look shows that DeFi is a broad term that describes a financial software of some sort, built on a blockchain platform that can be pieced together like money Legos.

Essentially, it is a system that is open to everyone, is trustless, and eliminates the middleman. Owners of coins can simply plug in and earn above-average interest rates or borrow funds with his/her assets as collateral. 

Cryptography introduces privacy while the underlying blockchain tags security and resilience. With smart contracts, the user has control over their finances and that’s exactly why, supporters argue, DeFi is simply getting started.

Several projects are already looking to provide irresistible services to end-user, a standout is Plutus DeFi.

What is Plutus DeFi?

Plutus DeFi is a DeFi aggregator that plugs in multiple products and financial dApps into one single platform. 

It is here where a user can at a single search discover the best lending rates for different assets. 

Plutus DeFi Homepage

For better absorption, their present focus is on improving user experience, design, privacy, and anonymity.

The team at Plutus DeFi wanted to create a system that brings together different protocols. By unifying these systems simply by standardizing communication between them enabling seamless creation and execution of complex financial transactions, Plutus DeFi aims to be at the center of it all for the benefit of the casual DeFi investor searching for the best deals.

They started as a DeFi Lending aggregator but have rapidly developed, rolling out a full-stack DeFi aggregator that includes ETH mixers—(PlutusDeFi “Bl3nd3r”) —for anonymity, while integrating several privacy protocols like ZKDAI and Aztec Protocols. 

They also support buying insurance via third parties such as Nexus Mutual for deposits on lending, mobile money credits to DeFi Lending in Africa, all while remaining decentralized and non-custodial. 

Special, in case of a black swan event, the user is covered as there is insurance payable via a syndicated pool. Deposits from MetaMask are allocated in a Decentralized Lending Pool (DLP) smart contract. Its code is public and has been satisfactorily audited. 

Plutus DeFi currently supports Compound and DydX. However, they will in the future integrate Fulcrum, PlutusDeFi, Synthetix, and Curve.

Specifically, Plutus DeFi wants to drive DeFi adoption for enterprises. Towards that end, they have developed a Fiat to Crypto Savings Bridge, DeFi Debit Cards, DeFi-as-a-Service (SDK) for Exchanges, and other attractive products for the benefit of the ecosystem.

The only time fees are charged is during withdrawal. This is when a static fee of 0.5 percent is levied. This is aside from the network fees charged for using the network.

The Plutus DeFi ecosystem comprises:

  • A Lending and Earning solution that lets a digital asset holder earn up-to 15 percent APR on supported digital assets.
  • A payment and payroll solution where businesses or individuals can distribute tokens to contracts or business from a click of a button.
  • Derivatives platform where a user can execute and utilize DeFi derivatives, and hedge or manage risks transparently.
  • A non-custodial DeFi-as-a-Service platform that integrates smart contracts, wallets, and exchanges. 

The Team

Core members are:

Arnie Hill is the Head of Strategy and Marketing. He also doubles up as the founder. He is the Partner of Obsidian Capital and has invested in 31 blockchain companies. 

Ali Hararwala is the co-founder and head of product and operations. He has worked in several companies including Citibank, Oracle, Nissan, Publicis, GoldMoney, Louis Dreyfus, and NHS.

Paresh Masani is the CTO and Head of Technology. He is an experienced senior engineer with a demonstrated history of leading and developing complex projects.

Advisors

Plutus DeFi Advisors

Toby Lewis is the Enterprise and Venture Strategy Advisor. He is the founder of Novum Insights and Global Corporate Venturing.

Dynal Patel is the advisor of the Product and is the Senior Product Manager in Cardano.

Wilson Davis is the Business Advisor and the financial consultant focused on wealth management, loan generations/analysis, and systems creating client-company symbiosis.

Mehmed Ćoralić is also the Business Advisor. He is a highly analytical Global Wealth and Investment Business Support Lead with experience spanning throughout some of the world’s largest international banks.

Partners

Plutus DeFi has partnered with Nexus Mutual and Aztec. They also have a deal with Formatic Solution—a “Web3 wallet authentication solution aiming to increase the onboarding and utilization of products of blockchain.” 

On July 14, they also partnered with Sentinel dVPN to secure off-chain privacy for users. 

Plutus DeFi Tokenomics and Distribution

The platform’s ERC-20 utility token, PLT, is at the center of Plutus DeFi. It is used for alignment of objectives, general coordination, as well as for incentivization. 

Specifically, the PLT token can be utilized as follows:

  • Burning where tokens collected as network fees are burnt. In the long term, this benefits token holders.
  • Governance since PLT holders will vote for developments as platform upgrades, burn rates, and so forth. Each PLT token is counted as a vote. Anyone with over one percent of the total supply delegated to their address can propose a governance plan. All proposals are subject to a two week voting period.
  • Staking: a percentage of network fees collected will be used to compensate stakers. No nodes are required to run.
Plutus DeFi Token Details

In total, there will be 120 million PLT tokens, and distributed as below:

Plutus DeFi Token Distribution

50 million PLT tokens will be sold during the project’s Seed round. Each token will be sold at $0.01, to raise $500k. There will be a 55 percent Bridge Fee.

10 million PLT tokens will be sold during the project’s private sale. Each token will be sold at $0.05, to raise $500k. There will be no Bridge Fee.

Overly, the team plans to raise $1 million. KYC is mandatory.

The remaining 60 million PLT tokens will be distributed as follows:

  • Advisors will receive 4 percent of the total supply
  • Employees will receive 7 percent of the total supply
  • The foundation will have control of 10 percent of the total supply
  • The ecosystem and the community will receive 20 percent of the total supply
  • Five percent will go to Plutus DeFi reserve
  • Four percent is allocated for Business Development

The PLT vesting schedule will be as follows:

Plutus DeFi Token Vesting Schedule

Their ICO is the first blockchain project to implement a hybrid Bridge-Bonding Curve model. 

In this model, during the last stages of the token sale, PLT’s price will increase. The team said this model increases maximum liquidation and penalties should be triggered and imposed on a seed round. 

This drastically slashes total supply within the first month, benefiting the long term supply of the total supply.

market and price

PLT is already listed at UniSwap, Poloniex, Biki, MXC and Kucoin, according to Coingecko. However, most trading takes place at Biki where the PLT/USDT pair is listed. 


PLT is only on the market for a week and is currently trading at $0,18. It’s often seen that the first week is a down week with new projects on the market. Private investors taking profit and new investors coming in for a new round.



Short-term Catalysts

  • The team is experienced with the CEO a serial investor in the blockchain space.
  • Plutus DeFi is user friendly with a non-custodial wallet available on both desktop and mobile every day of the week. 
  • Their adoption of the hybrid Bridge-Bonding Curve model, a deflationary mechanism, could see the total supply of PLT tokens drop in the first month after the Token Generation Event (TGE). The lower the supply, the higher the prices of PLT tokens.
  • The initial supply of PLT will be dynamic, varying anywhere between nine percent and 27.7 percent depending on investor liquidation. In the worst-case scenario, 27.7 percent of the total supply will be released. 
  • Plutus DeFi is placing their tokens at the center of events as it is used for governance and staking. With a burning strategy in place, token holders should expect price gains in the coming days.

Long Term Catalysts

  • With their advocacy for privacy, anonymity, and enhanced user experience, the project is drawing high-level partners from lending apps—Compound, and from third parties. Less than a week before the end of the ICO, Sentinel dVPN became the latest addition.
  • The team prioritizes anonymity. In that direction, they will integrate privacy mixers like Tornado Cash, and their blender– PlutusDeFi ETH bl3nd3r, masking and shielding ETH transactions.
  • There are 120 million PLT tokens, 50 percent of which are delicately distributed to the team and community. 50 percent are spread out to public investors.
  • Users in Eastern Europe planning to use Plutus DeFi Debit cards must hold a minimum set amount of PLT tokens. This is a net positive for the price especially if there is an unexpected demand.
  • DeFi lending provides an alternative enabling token holders to earn above rate interest rates from their assets. Plutus DeFi is already making selection easy by aggregating and proposing platforms with high lending rates for supported assets like DAI.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Data is the new currency. The play with data has seen companies reap billions simply by collecting every keystroke of freely generated information. 

This can be from creating a platform where users are product, or through other covert operations placing these agencies at the forefront. While blockchain platforms claim to be in purpose to cure the data disease, their efforts are have been weak and near ineffective. 

Simply put, the current systems and mode of interventions are feeble in the face of the data crunching giants keen on maintaining status quo. 

The only problem with this is that the more it stays like it is, and especially in the face of a global crisis like we find ourselves in—literally sleepwalking into, the global economy should, by all means, be prepared for the boom and busts due to the failure of companies and governments to roll-out (often to their disadvantage) assets that gives the end-user total control of the value of their data.

Data as Currency

Thing is, what if there is a way of collecting all of the world’s unstructured, personalized data, and assigning value? What if a next-generation web browser is rolled out in such a way that a casual web browser can perfectly sync with decentralized applications powered by distributed ledger technology? 

If this is possible, a perfect circular data economy would be created where data—whose quality is determined by the quality (drawn from the action of the user across the internet), can be valued. 

The newly created personal data value (PDV) is then used within an ecosystem to replace fallible fiat. As fungible money within a true digital economy, user data secured through decentralization–represented as DecID (or decentralized identity (DID)) is valued and used as a pass to access several on-chain features. 

Specifically, because PDV is tied to reputation which is a metric of quality, DecID finds immense use especially in open finance (DeFi). This, by all means, will found the next wave of financial revolution where data can technically replace fiat money, opening new windows of opportunity for all and sundry since the system is anchored on distributed ledger technology, immune from the circular nature and boom and bust common in the fiat world. 

Introducing Decentr (DEC)

This is exactly what Decentr does. 

At core, the project wants to usher in a radically different socio-economic paradigm model to (as described in their whitepaper) “modulates the excesses of the mainstream economy and the fractional reserve banking system that supports it by ensuring exchange rates between all currencies, fiat, digital and data, are controlled at the level of every user.” 

This way, Decentr fundamentally redefines the relationship between data and economics through an innovation that prioritizes local control of valuable keystrokes of data often generated unconsciously. 

To achieve this goal, the goal is to first decentralize data control away from corporations and governments for permanence and direct control at an individual level. 

After that, user data is packaged and made valuable before being turned to money that’s useful in a digital economy as an energy-efficient medium of exchange.  

Admittedly, a true digital economy won’t be viable without a decentralized internet of value where data is moved cheaply and at near-instant speeds. 

Hallmarks of a flawless digital economy are security, speed, control, and data used as fungible money controlled at an individual level.

For complete decentralization, the Decentr platform will serve as open-source software that can be used for storage and sharing solutions but most critically, acts as a user layer for blockchain. 

As a user layer, Decentr will be user-centric, scalable, secure, and safe meaning the platform will automatically create a 100 percent decentralized web 3.0/4.0 solution compliant with EU’s General Data Protection Regulations (GDPR) rules.

But what’s interesting about Decentr is their venture into finance through decentralized Fintech–(dFintech) that comprise dEx—a platform where listed assets and currencies can be traded and modulated by a user’s PDV, dPay, dLoan)–that its digital economy requires and underpinned by the system’s Deconomics. 

This reserve will prime dFintech and will always be under the control of Decentr but not available for trading in the open markets. Instead, it will be used for liquidity and underwriting decentralized insurance enabling free, fluid exchange of data into money and vice versa.

As part of the whole, Decentr dLoan will be conceptually different from mainstream DeFi solutions as it inherently enables all cadre of participants (enterprises and regular users) to accrue interest (flexible and personalized to a user’s PDV) from the crypto loan market regardless of the amount of DEC held in their dWallet.Enabling this will be a supportive and interconnected functions underpinned by the DEC reserve, PDV, and dPay-—which offers unmatched liquidity.

Decentr Project in Summary

  • Decentr is pushing the adoption of blockchain and Distributed Ledger Technology (DLT) by building a blockchain agnostic platform where DeFi dApps can operate and communicate with each other seamlessly. They already have a partnership with Ethereum and are deeply connected with Holochain and Tomochain. The team seeks to create a bridge where the latter’s DeFi dApps can connect to those active in Ethereum (the dominant chain). For efficiency, they will implement ZKsync for cheap and near-instantaneous of ETH or related transactions. 
  • Moreover, Decentr aims to create value out of data through Deconomics where its token, DEC, will be centrally positioned to act as fungible money exhibiting all positive traits of fiat. As money, DEC can be used as payment of goods and services at Point of Sale (PoS) terminals. DEC can also be loaned through their platform’s native DeFi features as dLoan, or traded for fiat or other assets through Decentr’s dEx. A user’s PDV (the exchange rate) will determine their annual APR of every amount lent through the Decentr investing pool. A favorable PDV means a user can get uncollateralized loans from the dLoan platform as well as from external DeFi dApps like Aave and Compound. 
  • The platform will also roll-out an extension that vastly improves on the Brave browser as a gateway to a decentralized ecosystem where data is packaged and valued securely and under the control of individuals with exchange possible via the dEx. The team says their web browser will be faster than Tor (even browsing onion addresses). Towards this goal, Decentr weaves in their advanced decentralized communication and Fintech features into their web 3.0 interface. 
Decentr Web 3.0 Architecture
  • Besides, Decentr has an interest in IoT, and are currently researching on a hardware application called the Smart Chip Node (SCN) using Decentr software. SCN will comply with LTE standards but also has built-in support for 5G.

Team

Decentr Team

They have to offices, one in London, and the other in Minsk. 

  • Nikita Anikeev is the CTO and co-founder
  • Paul Sluszko is the COO and co-founder
  • Rich James is the CCO and co-founder

The key development team in Belarus comprise:

  1. Maksim Ramanousk the lead developer
  2. Ivan Kantaef the senior developer
  3. Alexei Mayorov the senior developer

Development partners in Spain are:

  1. Prof. Juan Manuel Corchado, a software engineer
  2. Dr. Javier Prieto, a software engineer
  3. Diego Valdeolmillos Villaverde, a software engineer
  4. Agustín San Román Guzmán, Research assistant

Marketing and dissemination partners are: 

  1. Lee Hirschmann, the lead marketing strategist
  2. Rodolfo Grimani, communication Consultant
  3. Gianluca Rossi and Lorenzo Impronta are R&I consultants

Partners

Decentr Partners
  • Black Edge Capital, a blockchain fund, consultancy, and service agency.
  • The Bioinformatics, Intelligent Systems, and Educational Technology (BISITE) Research Group, formed by a group of researchers interested in emerging technology including AI, IoT, and Smart cities.
  • Rotechnology are experts in communication design.
  • Holochain (Nikita and Rich held an AMA with Holochain representatives on July 21, 2020.

DEC Tokenomics and Distributions

The native currency of the Decentr protocol is DEC and is ERC-20 compliant. Its utility is from the ecosystem’s Deconomics. DEC primes Decentr, and is used as an exchange between all data and fiat as it primarily draws its value from structured data and the activity of its integrated DeFi features including dPay, decentralized insurance, dLoan, and dEx.

To summarize, DEC will be:

  • Used as a mode of payment
  • A tradable unit of value 
  • A unit of conversion
  • Used to capture the value of user data and network’s activity
  • Underwriting the platform’s decentralized economy

The initial circulating supply is set at 61.5 million DEC tokens, and the total supply is set at 1 billion tokens.

The DEC’s contract address is 0x30f271C9E86D2B7d00a6376Cd96A1cFBD5F0b9b3 (check Etherscan). At the time of writing, there are 2173 holders.

DEC Token Distribution

7.5 million DEC tokens are sold through an IDO in different stages to raise $1.25 million.

DEC seed raise was completed in 2019. $250,000 was raised. 2.5 percent of the total supply was sold each for $0.01. Notably, a majority (75 percent of the initial 50 percent) of the unlocked tokens sold during the seed will be used for dEx liquidity.

Decentr DEC Seed and Private Token Sales

The private sale of DEC ended on July 13 at Dolomite. It ended only after 10 minutes. Only approved users participated. ETH and wETH were accepted currencies. Each token was sold for between $0.0141 and $0.02.

Decentr DEC Distribution
  • The team will control 100 million DEC tokens, but tokens locked for one year. (Can be locked up further as a proof of commitment from the team)
  • Partners and advisors will control 100 million DEC tokens but tokens locked for the next six months.
  • Foundation will control 326 million DEC tokens. Tokens will be locked for six months.
  • The Decentr Reserve will account for 400 million DEC tokens. All these tokens will be locked in the mainnet and never sold in the open markets. 

7.5 percent of the raised funds will be used to build liquidity at Uniswap, Balancer, and other DEXes listing DEC.

However, holders of DEC (that is private and public sale participants) can take part and earn fees when building liquidity on Balancer or Uniswap.

DEC Markets and ROI

Decentr Markets

DEC is already listed at UniSwap, Balancer, Idex, Hotbit, and Hoo, according to Coingecko. However, most trading takes place at UniSwap where the DEC/ETH is listed. 

Only Hoo supports the DEC/USDT pair though the spreads are huge (4.7 percent) and the market is still thin with a $111k 24 hour trading volumes. 

UniSwap’s liquidity is decent and spreads low, 0.6 percent. A $5,000 block trade will go through without much slippage.

Decentr DEC Market Price

DEC is currently trading at $0.133 and is up 68 percent in the last trading week. From this, private token sale participant has posted an 8.5X return on their investment in USD terms.

Short-Term Catalysts

  • The team is building liquidity and have currently being listed outside of DEXes. As a quality project, it’s only a matter of time before DEC is listed by mainstream exchanges. Already, DEC is available at the MXC exchange. UniSwap’s liquidity has also improved following DEC’s successful IDO. (7.5 percent of collected funds will be used to build liquidity at different DEXes supporting DEC). Poloniex also supports DEC.
  • DEC market cap is still low and liquidity patchy. Therefore, with what the project promises, it is likely that returns will be high if key milestones are struck through 2021.
  • The team is also experienced. However, over and above everything, the DEC community is very supportive and vibrant. Decentr’s minimum viable product (MVP) will likely launch by the end of the year as revealed by Rich James. 
  • There is vesting and lock-up periods for purchased token. The team’s DEC will be locked up for one year with vesting though there is a possibility of lock-up. As it is, no new token will hit the open market until early 2021. DEC’s initial supply has been set at 61.5 million from the 1 billion total supply.
  • Ahead of the MVP, the team plans to announce partners, release more news, and carry out more AMAs. 
  • Holochain has deep ties with the project and remains one of the earliest staunch supporters. This only shows the quality of the project and what Decentr aims to do with data. With data being money, and DEC deeply tied to all activities within its ecosystem, at spot rates, the token seems undervalued.

Long-Term Catalysts

  • As a metric of quality, DEC tokens were snapped up in 10 short minutes in their private sale IDO. Few projects sell out as fast.
  • Further boosting DEC are plans of integrating the platform with several verticals including the Banking and PSP industry, Brick and Mortar supermarkets and groceries, and the lucrative online advertising industry. These industries will create demand—as Decentr charges a two percent fee for any data exchanged within its ecosystem–for DEC, pushing prices higher. 
  • Part of Decentr is to change how DeFi works as they build a circular economy. With interoperability (it is blockchain agnostic), their success will only see DEC edge higher as it gains prominence since their key innovation is the leveraging of data as currency useful in DeFi dApps.
  • Already, the Bank of England (one of the oldest in the world) has reached out to the Decentr team to discuss the potential of rolling out a CBDC. The goal, as per their report, was to “determine the merits and compatibility of our technology and Deconomics model where this pertains to the BoE’s plans to introduce a UK CBDC.”
  • So disruptive will be Decentr’s DeFi features–like dPay, dLoan, and dEx, that if successful, it shall replace Swift, clearinghouses, and other payment services. DEC will evolve to be true decentralized money oiling a digital economy while keeping data secure.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

There are many considerations a trader ought to make before diving in. Experience matters. But it won’t count if the features of the selected trading platform are not up to par with expectations. 

At the end of the day—and admittedly, a trader gets in with the hopes of making money. And that means risking setting up plans of events such as security breaches–which has resulted in billions of dollars worth of crypto assets disappearing, or the platform offering the asset but falling short on liquidity.

A study by BitWise revealed that the crypto scene is plagued by a range of factors including security features, insufficient customer support, liquidity problems, high withdrawal fees, complex user interface, and for the better part, the absence of desired crypto pairs. On top of this, they showed that most crypto exchanges were deliberately inflating their trading volumes through wash trading.

Depending on the type and methodology employs, the lack of liquidity or inconsistency of price uniformity means problems that demand, first, a change of strategy, and second, a re-assessment of the methodology since price charting is vital during analysis.

What is the Orion Protocol?

The Orion Protocol solves these nagging problems thereby improving user experience. 

At the core, Orion is a liquidity aggregating protocol and billing itself as a universal gateway to the crypto market. It is where a trader can confidently trade across chains, since they enable Omni-exchange accessibility, and crucially—liquidity. 

The Orion Protocol brings the best features as a customized brokerage platform for convenience to the trader, and flexibility and resourcefulness for the algo developers as spreads are kept low. 

With this, the Orion protocol is an interoperable blockchain platform that combines the best features of traditional crypto exchanges, brokers, and instant trading applications. As such, the Orion Protocol simply solves some of the largest protocol in the emerging decentralized finance (DeFi) space by aggregating liquidity from the crypto market in one decentralized, secure, and easy-to-use platform.

From its whitepaper, Orion says their platform is built around a liquidity aggregator that draws liquidity from mainstream crypto exchanges—decentralized and centralized, for the best price discovery. 

Overly, this improves user experience but Orion goes a step further and tops this with high-grade security, high reliability, and flexibility, attractive for all cadre of traders.

Orion will be operable from three blockchains: Elrond, Holochain, and Wanchain. This way, a user regardless of his/her allegiance can take advantage of all the technical advantages on offer, creating a network effect of corresponding crypto communities.

The main features of the Orion Protocol are:

  • A Liquidity Aggregator: An order-matching engine tailored specifically to present the best of both worlds to a trader seeking for low spreads and instantaneous execution. By drawing liquidity from several exchanges, the trader enjoys the best spreads and this is passed as savings to the user.
  • An internal price matching machine: The Orion Protocol DEX–once the number of users increases will match prices on a peer-to-peer basis. Gradually, the platform will be de-linked from third-parties.
  • A Non-custodial wallet translating to improved security

Ultimately, the goal of the Orion Protocol is to build a combined platform that connects blockchains and exchanges via its Delegated Proof-of-Broker of which the ORN utility token is integral. With the end-user on focus, the objective is not only to create inter-connectedness between different blockchains but to improve liquidity for better trader experience.

The Orion Protocol offers the following products:

Orion Protocol Products
  • A Trading Terminal: where traders and investors can search for the best spot prices.
  • A portfolio management application for general asset performance tracking and subsequent re-balancing
  • A dApp store where a user can buy ORION-based products and trading signals from independent developers.
  • An Enterprise trade which is a portal where partnering firms can integrate with their applications/products. The Liquidity Boost Plugin gives immediate access to the liquidity and volume of all the exchanges in the market.
  • A DEX launcher from where DEXes can be launched and liquidity drawn from the Orion ecosystem.

The Team

Combined, the team is made up of six core members and seven advisors.

Orion Protocol Team

They are:

Alexey Koloskov,—The CEO responsible for the development of front-end and back-end parts of the Orion Protocol. Before this, he worked for Waves and was part of the team that created its DEX.

Yanush Ali is the Chief Strategy Officer. He was also the founding partner of Next Block Group—an investment platform that focuses on the relationship between developed decentralized base layer protocols and established enterprises.

Timothea Horwell is the Chief Marketing Officer. In the past, she worked as the Head of Research and Marketing at Telefonica.

Nail Fakhrutdinov is the Lead Backend Developer.

Advisors are:

David Atkinson, the core masterminds at Holo.

Matt Jones, the client partner at Accenture.

Brad Townsend, the founder of Latitude Services.

Oliver Birch, the VP Communications and Growth at Wanchain

Partners

CertiK which audited their smart contracts and core modules. Their Elrond, Holochain, and Wanchain—as Orion promotes blockchain interoperability, and Plutus DeFi who ensure additional yield for stakers.

Orion has also joined hands with MakerDAO, Celsius, and Swissborg, forming is the founding member of WeWork’s Blockchain Labs incubator.

ORN Tokenomics and Distribution

ORN is the platform’s ERC-20 token designed to have deep utility within the Orion Protocol’s broad ecosystem. It is integrated into every transaction and will be used as the main currency within the protocol.

The token is used for:

  • Discounted trading
  • A holder gets access to advanced features
  • There is priority access for holders
  • Used for payment in the platform’s dApp marketplace.
  • Staking returns

With the token sale scheduled for the second week of July 2020, it marks the first time when a Dynamic Coin Offering (DYCO) by DAO Maker is employed in a public token sale. 

In this arrangement, each ORN token purchased will be backed by the USD for up to 16 months after the Token Generation Event (TGE). During this time, the token circulating supply cannot increase. 

The project development team will be held accountable since if the investor is not satisfied with their performance, they can opt-out, penalize the team, and get refunded. The team plans to return 80 percent of the raised funds to DYCO participants through refunds.

The ORN token sale plans to raise anywhere between $690k to $3.45 million through private and public sales. Each token will be sold at $0.10 during the token sale and total supply capped at 100 million. Accepted coins are ETH and USDT. Investors from the U.S. can’t participate in the token sale.

ORN tokens will be distributed as follows:

  • 45 million will be availed for public investors
  • 24 million to the Orion Foundation
  • 12 million for the team
  • 13 million for marketing
  • 6 million for advisors/partners

The initial circulating supply of 6.15 million started trading today on Uniswap DEX and later today on Bitmax.

Short-Term Catalysts

  • The team is experienced and the CEO has already built a successful DEX as part of the Waves blockchain team. Besides, the entire team is experienced with the marketing lead specifically tagging experience from Telefonica.
  • Although at an early stage, the Orion Protocol has partnered with established projects. Their deal with CertiK guarantees smart contract security.
  • Orion has a fixed supply but through refund opportunities, employing a diminishing supply coupled with unrivaled token utility, they plan to strategically remove ORN tokens from circulation. The scarce ORN tokens become, the higher the price.
  • A successful launch of the private mainnet in Q3 2020 together with the punctual release of the Orion Enterprise Trade Widget will be a net positive for ORN price. Already, the Orbit TestNet enters the second phase of testing with a 10,000 USDT Bug Bounty program for the most intricate bugs.
  • With the launch of the Orion Protocol, there is convenience and a trader need not hop from one exchange to the next. For instance, the Orion Terminal has familiar elements though with high capabilities as they bring together centralized and decentralized exchanges into one place. 
  • There will be thousands of crypto pairs (ERC-20 tokens and from other blockchains) availed with deep liquidity. 
  • Already, BitMax is their inaugural broker. They are the first of the many exchanges, market makers, and OTC desks the DeFi platform plans to sign.
  • Once the token is listed at any exchange, prices are likely to pump given the project’s ambition and their goal of revolutionizing trading and governance. There is a potential listing at KuCoin.

Long-term Catalysts

  • Immediate demand for ORN is expected once the protocol begins deploying liquidity aggregation and DeFi products on the Elrond Network mainnet. As per their statement, their immediate focus will be on the Orion Terminal, the Ethereum Bridge, and MetaMask integration.
  • Traders are in full control of their wallets and from a single exchange, they can buy signals or other products from the broad ORN-powered ecosystem. The more users, the higher the demand. This translates to higher prices.
  • With the increasing popularity of DEXes, the Orion DEX kit makes it possible for people/firms to launch DEXes at different blockchains with promised assess to high liquidity from Orion’s system. The listing fee will be paid in ORN and so will be trading fees.
  • There are 13 revenue streams as the ORN token is deeply entrenched and is the center of all the products the team is trying to build. This brings about immediate sustainability and guaranteed demand.

The age of interconnection has made information dissipation easy, fluid, and instantaneous. It has ushered a new era, the digital age.

However, in the midst of all these, these is the proliferation of disinformation, fake news, and even the spread of needless hateful information. Of course, calls have been made to tame the vice with sometimes multi-billion lawsuits filed against the behemoths called social media companies.

Amid all this is also the fact that these companies, or more specifically tech companies, are reaping billions of dollars in revenue through tracking and collaborating with agencies for mass surveillance.

What is VID?

VID.Camera is a next generation, video social media platform that first and foremost verifies the identity of users that wish to receive Value Income (VI) tokens subsequently uniting users in such a way that they can collate their value and influence for the larger good. For security, data is secured by zero-knowledge encryption.

They, therefore, take power away from tech companies by basing their technology in the transparent blockchain and fusing in Artificial Intelligence (AI).

In this way, whenever one scrolls and click the “presence” button, he/she stands to earn revenue. That revenue supplements their universal basic income (UBI)—the minimum amount of income that an individual receives every day regardless of other income.

The realities highlighted by coronavirus has made it a priority for governments to resolve.

The Value Income (VI) advanced by VID.Camera is the value created by users and rightly redistributed to users as an additional form of income to supplement the UBI. VI is more like the value generated by one usage of business.

Presently, these businesses include Google, and as aforementioned, giant social media companies who mint trillions for themselves and nothing for the end user who creates billions from free generated content.

It is this value that’s being injected to businesses for their services that VID.Camera tries to tap by employing the Ethereum blockchain that will track and prove one’s usage of the platform. Aware that social media companies, in particular, owes a higher percentage of their revenue to users (since content is user-generated), the VID.Camera video social media platform will be giving away 90 percent of their revenue to uses through daily distribution of tokens adjudged from their activity and contribution to the growth of the platform.

This way, the value generated by that businesses is shared and the end user receives a portion which can then be liquidated for real-hard cash, boosting their UBI.

Towards this end, there is an unwavering commitment by the company to generate and redistribute value through a Value Income Business Model, a deflationary return-to-source mechanism that will directly improve the user’s standard of living.

Team

Jag Singh and Josh Singh are the founders of VID. They are the ones in charge of marketing the platform.

Antek Baranski is the CTO and has experience in developing games.

Regardless of the challenges and the effects of Coronavirus, what’s obvious is that VID has a clear cut goal of improving the application and development is their main emphasis. Most of the team is based in Los Angeles and have spent the last two years working and improving the platform from scratch.

The app source code is private and sealed.

Watch their journey below:

Partnerships

VI token has been listed on KuCoin and MXC Exchange where there are both listed and paired against USDT.

CoinMarketCap (CMC) has also listed the project’s token.

VI Tokenomics and Distribution

VI is an Ethereum-based ERC-20 utility token.

VID is used to:

  • Power the VID.Camera ecosystem
  • Transfer value
  • As a way of incentivizing and paying content creators
  • Paying for services within the platform.
  • Voting for tokenomics change

90 percent of all tokens will be redistributed back to the community from the 777,777,777 VI tokens set aside. Every day, 7,000 VI tokens will be released for the next 312 years. Every year, only 2.5 million VI tokens will be emitted.

Out of this (7,000 VI tokens), 99 percent are distributed to the network users while 70 VI are sent to the VI Foundation.

This is the distributing contract: 0x6d1eb783af9Fe65b4CD826e1cf629b4618a4bBdB

Check out via Etherscan here.

Every day, a user receives two types of VI tokens:

  1. The Universal VI paid to all active users split to users depending on the network’s activity and the user’s standard of living. Since the latter can be affected by the variance of the standard of living between countries, there is a multiplier for each user that is being computed. Generally, activity will be measured by a user’s activity, consistency, rate of content generation, engagement with others, viewing, and reach—that is, the virality of his/her content.
  2. The Impact Bonus which is paid depending on the user’s Impact Bonus score. This score is useful since it gauges a user’s role in growing the VID.Camera ecosystem. The Impact Bonus score is further computed from the Activity Score (measuring personal contribution), and the Invite score (measuring network contribution).

All services purchased by any business within the ecosystem is purchased in VI tokens. There will be a 20 percent fee on all sales made via VID.Camera marketplace. The 10 percent of the fee will be sent to the return address while 10 percent will be used to maintain the platform.

VI Markets and Performance

It has a total supply of 888,888,888 VI with a circulating supply of 27,592,381 VI from a daily trading volume of $246,093. Most importantly for trader, VI still has a low market cap of $ 3,299,639.

VI tokens are listed and paired with TetherUS (USDT) on KuCoin and MXC exchanges. VI is at the time of writing, changing hands at $0.1195 with a ROI of 5.7X versus the USD as per CoinMarketCap.

Short-term catalysts

  • Tokens from the 1milperday tokens have been redistributed.
  • Staked tokens from their old algorithm has also been redistributed to user’s VI.Cash wallets. There will be no staking in the new setup since 99 percent of all token are sent to the network users.
  • VI is listed at KuCoin and MXC Exchange. This highlights their quality but also make it possible for users to withdraw tokens after the VID App version 2.2.0 release. The more they gain traction, the higher the likelihood of being listed in other markets. Pairing with BTC or ETH at DEXes or CEXes could drastically pump VI prices now that VI itself is a deflationary token.
  • In the future, the team plans to build a direct in-app gateway for buying and selling VI tokens.
  • The team has employed a unique distribution method which prevents the market from being flooded with tokens, heaping pressure on price. There is no creator pool but instead the number of tokens received depend on one’s impact score.
  • Aside from the special distribution, more tokens will continually be sent back to the source address therefore extending the length of the daily release.
  • They have launched a solid product (iOS) and will soon release an Android app. So far, they have received positive feedback as their UI is clear and smooth. The current iOS app was re-written in Flutter, explaining its smoothness and performance. Only but a few features remain before Android and iOS apps are at parity.

Long-Term Catalysts

  • Once marketing is in full gear, on-boarding new users, the path of least resistance for VI token will be up. They have already contracted influencers with a combined follower count of 375 million.
  • The VID Now is another huge drawer for users. The moment they sign up, they receive tokens which they can spend within the VID.Camera ecosystem. Jag said the team got rid of the 30-day wait period. Besides, the social page enable users to tag subscribers of other social media platforms.
  • Social media companies have long been accused of ripping off users and stealing personal information before auctioning them. VID.Camera has taken a different approach and prioritize the content generator. Every day, tokens are released and the most active users continue to earn, boosting their UBI. So far, $ 440,647 or 2,570,973 VI has been paid out.
  • As a pressure vent, the team decided not to lay out a roadmap. Whenever they do, Jag explained, there is unnecessary undue pressure on developers to deliver. Combined with the usually rigid and harsh crypto community, the team didn’t find any need of subscribing to one. Instead they adopted an iterative approach towards success. Ultimately, their goal is to create a working project as they progressively improve on the app. A Key Performance Indicator (KPI) target of 10 percent has been set.

Catch Major Price Moves with MarketWizard App

Decentralized finance (DeFi), or open finance is more like a movement, a concept than a specific (tangible) thing. It’s an acknowledgement from the community and an expression of confidence that the traditional finance system is irreversible broken.

Technically, DeFi is term that describes a collection of blockchain-based, intermediary-free solutions reshaping banking—including lending, and the financial industry. Implementation has seen the delivery of financial services being 10X than those delivered by traditional firms.

Diverging from the intermediation and resolution of conflicts dictated by legal proceedings and high fees, DeFi settlement layer is code.

Since code is law, transactions are pre-determined and results are specifically dependent on the terms laid out by a guiding smart contract.

By porting financial services to a transparent blockchain—most of which are based in Ethereum, DeFi has democratized access to financial services enabling coin owners to borrow against their holdings or earn above rate interest rates by lending coins/stablecoins to those in need.

What is the DeFi Money Market (DMM)?

With over $1.6 billion worth of ETH locked by DeFi dApps, one promising platform that has been gaining traction over the last few months is the DeFi Money Market (DMM).

Through the platform, a registered user and owner of ETH or stable coins like USDC or DAI can earn annual yields of 6.25 percent.

Interestingly, the DMM market is backed by tokenized real-world assets which generate income greater than interest owed meaning there is baked-in over-collaterization independent on the performance and volatility of the deposited coin.

The one-year collateralization is 183 percent, and the value of all active assets stand at $8,792,879 at the time of writing.

DMM Market Explorer

DMM differentiates itself by using deposited assets (ETH, DAI, and USDC) to purchase interest generating real-world assets which are subsequently tokenized and posted on the transparent Ethereum ledger tracked by Chainlink’s oracles.

Chainlink role in the DMM DAO market

This way, users can track the asset’s performance and carry out different analysis should any form of audit be needed. Interest earned is then recycled back to the DMM DAO ecosystem where DMG can be swapped for ETH/DAI/USDC inclusive of accrued interest.

DMG Assets Characteristics

Notably, the introduction of a delegated payments on the Ethereum network means fees are payable in DMM mTokens, not ETH. Over time, and as recently observed, it has been increasingly expensive (exceeding Bitcoin) to post transactions or execute smart contracts via the Ethereum platform.

This arrangement is, therefore, a welcomed relief for traders and investors seeking value by lowering fees while still being secured by a trusted and one of the most decentralized Proof-of-Work-powered blockchain platform.

Why DMM?

Some key drawers of DMM include:

  • Stability: While the crypto world is known for its wild volatility, DMM yields are stable. This is because DMM assets are backed by tokenized income generating real-world assets effectively creating a bridge linking traditional finance with the crypto world. For savvy investors, the prospect of stability should be the main drawer since it allows him/her to make decisions and based on this prediction—based on stability, earned yield can be used to supplement income.
  • There is an element of trust since there is stability due to the linking of yields to the performance of DMM assets which generate income. Most importantly, these assets are tokenized meaning they are transparently viewable from a distributed layer.
  • There is over-collaterization since income generated by backing real-world assets are usually more than the projected, stable annual yields. Besides, the value of these assets (ETH, USDC, and DAI) are usually higher than the amount of issued ERC-20 compliant DMM mTokens.
  • The DMM Foundation’s partnership with Chainlink—a decentralized blockchain-agnostic oracles platform. The deal adds another layer of security to the ecosystem by writing essential on-chain that details the overall health status of DMM. As per their whitepaper, the goal of Chainlink is to “reliably and securely take information on the assets that back the DMM Ecosystem, and publicize them on-chain.” This way “Chainlink will accurately and transparently portray the health and collateralization of the DMM ecosystem as well as inject the necessary information for ecosystem participants to know how their crypto is being allocated to generate interest.
  • There is flexibility as interest earned by a DMM holder is accumulated per block. As such a holder can enter and exit the DMMA with no time restrictions.

Team

DMG Team

Behind the DMM Foundation is a seasoned team of experts drawn from academia, Legal and regulatory, compliance, Fintech, and DeFi.

Gregory Keough is a seasoned global executive and entrepreneur with 25+ years’ global experience and impressive track record of digital innovation in both large enterprises (MasterCard, Telefonica, and others) as well as startups. He is the CEO and Founder.

Derek Acree has over 20 years of experience in corporate and business law. He also has extensive experience in mergers and acquisitions and joint ventures in a broad range of industry sectors, in both cross-border and domestic transactions.

Corey Caplan is an experienced entrepreneur with a demonstrated history of working in the software-as-a-service, consulting, and cryptocurrency industries.

Others include: Adam Knuckey, Zachary Rynes, and advisor Matthew Finestone.

DMG Investors

Early investors of DMM include legendary investor, one of the early adopters of Bitcoin, and seasoned VC, Tim Draper. Others are Stephen McKeon, Alon Goren, and Josef Holm.

Partners

DMM Partners

DMM has partnered with Huobi, Chainlink, Draper Venture Network, Coinbase, Binance-backed Trust Wallet, Loopring, just to name a few.

DMG Tokenomics and Distribution

DMG is an Ethereum-based ERC-20 compliant utility token and a fork of Compound’s COMP governance token. There are 250 million DMG tokens in total supply of which slightly over 25 million are in circulation.

DMG will be a tool, a sort of glue, of managing and growing the DMM DAO ecosystem. Holders of DMG can vote for changes, effectively governing many aspects of the DMM DAO.

Specifically, they will decide which types of assets will be introduced and state their allocation. Meanwhile, the decentralized community governing the DMM DAO can vote to effect changes on DMG tokenomics and utility including claiming the excess revenue generated from within the DMM ecosystem.

DMG Tokenomics and Token distribution

DMG tokens are distributed as follows:

  • 30 percent of tokens were sold to public investors through an initial decentralized exchange (DEX) offering (IDO). Each token was sold at $0.36 first at the dmg.defimoneymarket.com powered by Loopring protocol’s Dolomite, and second at mesa.eth.link, powered by the Gnosis protocol.
  • 30 percent reserved to incentivize partners, developers, and for integration with other protocols
  • 40 percent allocated to the DMM Foundation for continued development, support, and for other general purpose. This amount of locked till Nov 15, 2020, thereafter a vesting schedule will be initiated till Nov 21, 2021. Contract time-locks and vesting are designed to reduce DMG supply over time while limiting the voting power of the DMM Foundation.
DMG Token distribution

The team opted for an IDO (which is technically an IEO) so that everyone with an Ethereum address and an internet connect can participate.

Token sale started on June 22, 2020, ending two days later as the team raised $6.5 million, easily surpassing its hard cap of $2 million. Initially, the IDO was scheduled to run for a month through to July 22, 2020.

150 million of DMG tokens are vested

The private sale raised 9.3 million DMG tokens were sold. A cap of two million DMG was placed per investor. Each token was sold at $0.16

Funds Distribution

10 percent of raised funds used to bootstrap liquidity (to prevent huge slippage at DEXes). On June 22, the DMM Foundation injected more liquidity at Uniswap.

Primarily, funds will be used for protocol development, marketing, issuing grants, business development, funding loans for asset introduction, legal, reserves, and to meet miscellaneous expenses.

DMG Market Performance

DMG market performance

According to Coingecko, DMG is currently trading at $0.831623 with a market cap of $22,901,690, drawing a 24-hour trading volume of $3,512,317. There are 27,768,243 DMG tokens in circulation from a fixed total supply of 250 million.

DMG Markets

UniSwap is a dominant exchange supporting the DMG/ETH pair. The same pair is also traded at Idex and there is an USDT pair available on MXC.

At DMG spot price, its ROI is 2.3X in USD terms, less than a week after launching.

Short-Term Catalysts

  • Big announcements are expected in coming weeks and because of the popularity of DMG we expect top exchanges to list DMG. Having DMG partnered with Huobi and Coinbase team is a give away on what might come.
  • Huobi plays a big role in the DMM ecosystem for fiat-crypto gateways and liquidity.
  • There is total transparency. The circulating supply was made public on Coingecko by tracking the DMMF’s token holdings including time-locked smart contracts.
  • DMG’s demand remains high and was one of the top traded token in UniSwap. On June 25, 2020, DMG token accounted for 25 percent of UniSwap’s protocol and the team had not even deposited extra liquidity.
  • As a client-facing DeFi dApp, the team has allocated 10 percent of raised funds to boost liquidity. On June 25, 2020, the team deposited $350k of liquidity to the DMG-ETH pool on Uniswap. Dolomite’s DMG liquidity was equally boosted.
  • DMG liquidity is also being built as more exchanges continue to list the token. Idex is the latest while it has been integrated by 1inch Exchange. Through 1inch Exchange, users can swap in and out of the DMM DAO ecosystem with minimum slippage thanks to the exchange’s ability to pool liquidity from different Ethereum-based DEXes.
  • Buying token is easy. With sales executed via DEXes, all one has to do is connect via a Coinbase wallet, Trust Wallet, Portis, MetaMask, and any other supported wallet and get started without hitches.
  • Time-lock contracts and vesting will reduce supply of DMG which is a net positive for price. Meanwhile, there is checks and balances to ensure decentralization, preventing the DMM Foundation from having majority control.
  • Regardless of its sharp uptick in price and trading volumes, DMG is still a low cap token with immense value proposition that has attracted interesting investors including Draper. The token, and what its represents, is highly likely under-valued.

Long-Term Catalysts

  • DMM brings real-world assets to the Ethereum blockchain further extending DeFi use cases while remaining unique from other DeFi platforms. Interest payments are secured by a first lien of these vetted and approved income generating assets. And the more the assets (mTokens), the more the revenue.
  • Their yield is stable (6.5 percent) and backed by real-world assets that can be transparently audited. According to a Blockfyre report, the interest received by holders of DMG tokens are currently drawn from $8.5 million worth of real-worth asset majorly from pools of vehicles in the United States. Over 1,000 lien documents has so far been published. In a world of declining yields, the above rate yields is a real drawer for investors seeking for diversification. More categories of assets will be voted and added in the future.
  • The team is experienced and draw their experiences from the logistics industry, finance, banking, academia, investment world.
  • DMG has attracted top-tier partners including Chainlink—a leader in decentralized oracles, Huobi, Draper Venture Network, and even Binance-based Trust wallet. A listing at Binance will drastically re-value the token, pumping it to new highs.
  • Tim Draper has invested in the DeFi platform which goes a long way in indicating its quality.
  • Since there is a baked-in overcollaterization (physical assets generating higher yields than interest expected by clients), extra DMG tokens can be burnt/destroyed, used to grow the ecosystem, or as decided by the community depending on extra income revenue earned. This is a strong fundamental that will support DMG prices over the long haul.

There are specific applications that blockchain as an emerging technology can solve. Issues to do with transparency and audit are just but some of them. There are tons. However, what stands out at the moment is the absence or low levels of fitting regulations.

For blockchain solutions to resolve longstanding problems and spearhead the next wave of shaping revolution, there must be an element of interoperability in such a way that enterprises and governments can at first hand reap the efficiency and cost-savings that DLT has to offer.

Without suitable solutions, there won’t be endorsements from governments and key institutions. This would cascade to low adoption levels and therefore, the failure of blockchain to gain mainstream use.

What is KardiaChain?

KardiaChain is a blockchain solution tailored specifically for governments and enterprises. The idea is to onboard as many users as possible by collaborating with government agencies and enterprises keen on leveraging Distributed Ledger Technology (DLT) to decentralize their services.

Towards this grand objective, they are keen on on-boarding as many users as possible while keeping the costs of marketing and onboarding low.

Another big feature of KardiaChain is their drive for interoperability and building non-invasive hybrid blockchain platforms attractive for clients. Dual nodes monitor the KardiaChain protocol as well as the connected blockchain—which can be Ethereum or Tron, for example, enabling seamless reading, validation, and processing of cross calls between supported protocols.

Through KardiaChain, Ethereum, Tron, and NEO will be the first interoperable blockchains with cross-chain activities expected to go live once KardiaChain launch in H2 2020.

But it isn’t public blockchains that can be interconnected, thanks to the use of dual nodes, KardiaChain can connect to private chains without the need of adhering to specific—often restrictive, protocols.

Interestingly, dual nodes are open to the public in such a way that each node can perform its own consensus during an interoperable operation producing dual blocks for the preservation of state equilibrium.

There is a secure and incentivization mechanism which allows KardiaChain to link to as many protocol as possible simply by creating a dual node group for “dual blocks” validation specific to the blockchain.

This way, the target protocol need not make any changes as dual nodes handle inter-chain activities while monitoring states of both chains.

Primarily, KardiaChain comprise:

1.     The Kardia Unified Smart Contract Language (KSML)

Here, developers can create a programming-language agnostic human-readable master smart contracts on a Kardia Virtual Machine (KVM).

These master contracts act as glue between other smart contracts hosted in supported protocols.

Like “dual nodes” invocations made on one blockchain need not to be modified and will be executed on the other chain without involvement of the end user.

The KSML acts more like a translator that can not only be used to handle failures but through which code can be injected to improve logical capabilities of smart contracts.

What this means is that in the future, once mainnet is launched, a developer can write a smart contract on KardiaChain and deploy it to other protocols through the KSML.

2.     The Adoption Decentralized Application (ADAPP)

This feature is more of an integrator through which adopting firms and government agencies can easily decentralize their services or product offerings.

As a hybrid solution which combines centralized and decentralized systems, and triggered by the conditions of contracts deployed via the KSML, there is enough flexibility for customers and developers.

For instance, operations which demand security and transparency can be run from a public chain as Ethereum while those which need scalability and throughput can be launched from a private chain.

Besides, with ADAPP, traditional firms not ready to deploy blockchain in their operations can test specific parts of their systems.

ADAPP flexibility being a main drawer has seen KardiaChain strike a deal with the Vietnamese National TV with the launch of ON Sports of which KAI tokens, the native currency of the KardiaChain platform is used for settling on-chain transactions.

The popular app is dedicated to football news and media drawing a fan base of around 800,000 of which 200,000 have registered.

The ADAPP can be downloaded from Google Playstore and Apple Store. Once installed, users can predict games or donate to their favorable players through the KAI token.

The Team

The team is led by Tri Pham—the co-founder, who has “over 10 years of entrepreneurship experience in multiple sectors such as mobile app, finance, and services.”

Huy Nguyen, the co-founder, tags over 10 years of building large-scale distributed infrastructure. He was a part of Google Access Wireless and the Google Fiber Network Infrastructure.

Anthony Vo—the Chief Financial Officer (CFO), was the First Vice President for the Bank of Hope, the largest Korean American commercial bank in the United States.

KardiaChain Team

Son Nguyen—the Head of Business Development, is an Angel investor and a blockchain enthusiast while Thao Dang—the Head of marketing and partnerships, is an experienced marketer.

Advising KardiaChain are government officials including Dr. Manh Rinh Viu described as the former “Party Chief of Thai Binh Province, Chairman of Thai Binh Provincial People’s Committee, and Member of Committee on Economic, Planning and Budgetary Affairs of the National Assembly of Vietnam.”

KardiaChain Advisors

There is Richard Yu, the co-founder of Metadium, Ryan Fang—the co-founder of ANKR Network, Huy Ho—the chairman of Mai Linh group, Michael Park—the director of marketing at Blockcrafters.

Partnership

KardiaChain Partners

KardiaChain has partnered with a host of companies including the Matic Network, Morpheus Labs, Contentos, the Band Protocol, ON Sports, among others.

KardiaChain (KAI) Tokenomics and Distribution

The KAI token will be used as a mode of transfer within the KardiaChain ecosystem.

As a utility token which is non-refundable and functional, it is used a unit of account between participants of the KardiaChain. The token is an integral part of the KardiaChain ecosystem powering staking and incentivization of network validators.

Specifically, KAI tokens are used for:

  • Payment within the KardiaChain ecosystem
  • Accessing services and deployed products
  • Staking due to dPoS

Before the scheduled mainnet launch set for Q3 2020, KAI tokens are available as ERC-20 tokens. Upon a successful launch, these tokens will be swapped for KAI coins on the mainnet.

The team carried out an IEO at Gate.io on April 8, 2020, raising $1 million though it was oversubscribed by 18X. The $1 million target was reached in two minutes from 2,424 participants.

KardiaChain Token Details

In total, the team had a potential of raising $19.2 million (the money received after the IEO—but was paid back). Each KAI token was sold for $0.00144 during the IEO.

KardiaChain Token sale results

During their private sale, KardiaChain raised $1.7 million. Each token was sold for $0.0025.

There are 5 billion KAI tokens as total supply with a current circulating supply of 1.5 billion.

This is how KAI tokens are distributed:

  • Private Sale: 16.32 percent (Lock 6 month, vest 10 month)
  • Team: 12 percent
  • Advisors: 3 percent
  • Ecosystem: 20 percent
  • Validators/mining: 10 percent
  • Community: 5 percent
  • Foundation: 14.93 percent
  • Startup: 15 percent (no lockup)—or 750 million

KAI Market Performance

At the time of writing, each token is trading at $0.00262024 with a market cap of $3,284,692, and a 24 hour trading volume of $600,341.

KardiaChain (KAI) Price Action

Versus the USD, ETH, and BTC; the ROI is 1.82X, 1.28X, and 1.38X, respectively.

KardiaChain ROI

You can buy and sell KAI tokens from the following cryptocurrency exchanges:

Gate.io, IDEX, Bilaxy, UniSwap, and Hotbit.

In these exchanges, KAI is either paired against the USDT or ETH.

KardiaChain (KAI) Markets

Short-Term Catalysts

  • Vesting of KAI tokens is a net positive in the coming few months. Since its IEO was concluded in late April 2020, traders can enjoy price upswings aware that it will take several months for other batches to be released. On June 24, 2020, the team updated their vesting contract.
KAI Token Release Graph
  • In May 2020, KAI was one of the most discussed new coins/tokens. This goes on to show how expectant the community was and the true potential of the project.
  • The team continues to strike partnerships with teams for the benefit of the wider ecosystem. The most recent addition is the addition of the Hi Wallet. They also partnered with Vietnam’s Youth Union in a deal that will digitize user data and provide a platform for building applications for over 60,000 young people.
  • CertiK is a partner backed by Binance—the world’s largest cryptocurrency exchange by client count. There is no discounting the possibility of a listing at Binance or its DEX in the future.
  • KAI is building liquidity. Aside from support from Gate.io—from where it carried out its IEO, KAI is now available for trading at UniSwap. To keep up with high demand, the KardiaChain team will provide liquidity.
  • KardiaChain, in May 2020, expanded into the multi-billion dollar E-Sport industry by launching an Incentive Platform.
  • The development team is experienced. For their vision and mission, KardiaChain is attractive for leaders in blockchain and government. The project is advised by former government officials as well established CEOs. To gauge their activity, there are over 9,000 commits and 60 contributors in just two years as visible from their GitHub.

Long-term Catalysts

  • For sustainability, KardiaChain fuses dPoS and Byzantine-Fault Tolerant (BTF) consensus system, with a programming language-agnostic virtual machine ensuring smooth flow of information between supported blockchains. Transaction fees are comparatively lower and this coupled with fast confirmation times gives KardiaChain an edge over other interoperable blockchains.
  • KardiaChain is the first public blockchain which is interoperable with a private chain. This means enterprises can partially adopt—and test blockchain solutions without fully immersing themselves in the tech when they aren’t comfortable. Besides, cross-chain activities are non-invasive, subsequently opening up a new horizon for true blockchain adoption.
  • As they offer an interoperable platform, ADAPP being built on it draw the demand of KAI. For instance, the predictions platform launched in May 2020 is powered by KAI tokens while fans can gifts their favorite players using KAI via the ON Sports app which is very popular in Vietnam. Through these channels, KardiaChain expect over one million users at the end of the year.
  • KardiaChain plans to roll out a mobile payment channel. They have already started integrating with Vietnam’s largest Telco with plans of launching in other 10 countries. Once fully commercialized, mobile users will be able to purchase KAI tokens from their mobile balance.
  • Their partnership with the Band Protocol was strategic. As the latter offers Oracle services, vetted data from these portals will be used to extend KardiaChain’s smart contracts functionalities. At the same time, they can find use case for ADAPPs as they build on big ecosystem where KAI is used for settlement.
  • For developers, the Kardia Smart Contract Markup Language (KSML) is the ultimate tool enabling them to deploy multi-chain smart contracts in any language. Unlike in Ethereum where they must learn Solidity, developers can only deploy one smart contract which will be translated in various chains.
  • KardiaChain also plans to launch an interoperable decentralized exchange (DEX).

Giving to a worthy cause through a donation warms the heart. Often, these acts are out of compassion, from empathy and a true desire for those in need to wrestle their way out of trouble. 

By 2017, and just 10 years after a global crisis, over $405 billion were donated by Americans towards charity. And regardless of their financial situations, it is estimated that over 73 percent of all Americans continue to contribute regardless of the Coronavirus pandemic.

 A Gallup study found that even though the number of adults who have donated to charitable organizations fell in 2019—apparently because of financial difficulties caused by the pandemic and consequent lockdowns to stem its spread, Americans continue to volunteer time and finances for poverty alleviation and other economic activities.

What if there was a different way of doing things, especially rewarding development in the open-source software community. That is, of ensuring sustainability and continuity of OSS activities that contribute towards economic development, empowerment, and even wealth creation? 

Cognizant of the fact that the total “economic activities” within a particular zone are built up of activities, a new blockchain project called the Dev Protocol now seeks to evaluate various activities that have not received proper economic evaluation to realize their autonomous distribution and sustainability via peer-to-peer (P2P) trading and incentivization through rewards. 

What is the Dev Protocol?

The Dev protocol developed on the Ethereum blockchain produces value (by introducing an aspect of profit) from otherwise free activities through a property system. 

The protocol monetizes any open-assets such as Open Source Software (OSS), Open Access, and Creative Commons by staking-technology. 

This way, say you are a software developer with a functional dApp. To generate income, all you have to do is to upload the dApp to the Dev protocol. If there are users who download your program, you will earn depending on how they use your dApp. Rewards will be based on downloads, staking period, and inflation rate on top of other variables like the total number of assets in the market, those in the Dev Protocol, and the number of mines per block. The more downloads, the more the rewards for the staker.

To make this possible, the Dev protocol has a developed marketplace with staking and a reward system, all of which are core features needed to capture and capitalize value created through activities. 

The rewards received by a user depends on the value of the property (activity). As per Dev’s description, “if staking is done on a property that a user owns, a market reward will be added based on the total value staked.”

Working towards Sustainability

Dev development team describes their project as money designed for OSS due to their vibrant token model that features a marketplace, staking, and a reward distribution system.  

Subsequently, by basing their business model on the rewarding of open assets, individual activities are enhanced and the economy revitalized. 

Created by a team based in Japan, the Dev protocol is a middle-ware that is open source and available for public scrutiny to sustain the creator’s activities. 

By fairly evaluating any activity and assigning value, even projects which are often undervalued but contributing immensely for social good like open assets or OSS can remain sustainable. This way, it is better to contribute towards Dev protocol—thanks to its sustainability, that to donating money often towards a charitable cause. 

Overly, the team aims to build a sustainable system incorporating an inflation model where eventually, the total value stake will surpass the activities of donation which have been taking place through legal tender.

To kick-start the process, initial support starts at staking. Staking, unlike the traditional method of spending money, enables a user to lockup value for a certain period to bulwark the system in exchange for rewards. 

The more and the longer one stakes, the more the rewards and it is the team’s view that staking is a more sustainable way of offering monetary support to open assets.

These are the Three Main Features of the Dev Protocol

The overall design of the Dev protocol is as follows:

  1. First, there is mining where “Proof of OSS Power” is utilized for consensus. For prove, a user must prove activity that is subsequently used as mining power. Upon the submission of this mining power, an open asset is valued and a user rewarded for activity. To date, over 1,583,327 DEV has been mined by OSS developers who in turn received over $70k as rewards.
  2. Second, there is a staking feature where supporters can earn staking rewards further enhancing the mining power of OSS developers. This feature is more like financial support from third parties where value is created for stakers as an incentive. Only through staking is the activity of a user sustainable and secured. On the other hand, users receiver value at zero real cost. Combined, this creates profit for a property—an open asset—that was initially registered for free. When a supporter locks DEV, he/she can transact within the Dev protocol. In May 2020, the team announced that it was developing a new product specifically designed for staking. It will enable users to select which projects to stake their DEV on depending on the strength of the OSS. Other than staking, there is a withdrawal option for stakers, cancellation of staking, and more.
  3. Third, underpinning governance is open-source and is automatically and continuously enhanced by the protocol’s participants. Users, upon compliance with the laid down rules, can generate new open asset markets or even propose new policies—which are updated depending on prevailing circumstances. 

The Team

Based in Japan, the Dev Protocol team is led by Hara Mayumi, the CEO at FRAME00, INC.; Hiroyuki (Tanaka) Hara—a programmer and the CTO at FRAME00; Akira Taniguchi; and Mariko M—the project’s CTO.

Notably, Mayumi has been in the valuation business since 2017 when she co-founded FRAME00.

Tokenomics and Token Distribution

DEV, which is the Dev Protocol native currency, is an ERC-20 token. 

Details about its distribution are also scarce as the team wants users to first get a gist of how their staking model works. 

Still, as a primer, this DEV is a utility token that typically has the following cycle with the Dev protocol ecosystem:

  • DEV is issued by a property owner or active participant and undergoes inflation creating value
  • A user (this can a downloader say if the property was dApp)—in exchange for utility, stakes his DEV for the active participant
  • The more the property is staked on, the more the active participant (the property owner) can issue, and the more valuable it becomes.
  • Once the staking period lapses or the user cancels his staking, the property owner withdraws his rewards and the staking amount. The amount received depends on DEV’s inflation rate—which is decided by the community. At the moment, the lock-down is 1.5 minutes but will change once more DEV is locked in their ecosystem.

Staking of DEV is the main feature in the Dev protocol as by staking his/her token, the payer receives some form of consideration by receiving utility from the property owner—or active participant, while the latter receives staking rewards accrued over the staking period. The continuous temporal lockup of DEV is what creates scarcity and therefore value. Combined this creates a sustainable environment for activity generators.

There is a minuscule figure meant for DEV staking inflation but once all tokens are staked, no more will be issued.

DEV Markets and Performance

DEV is currently listed at UniSwap, an Ethereum decentralized exchange, where it is paired against Ethereum (ETH). It is currently trading at $0.20 a pop with an estimated supply of 1,907,968. The token’s total supply is 11,848,657.

This gives DEV a market capitalization of $393,889 and a 24-hour trading volume of $8,045.87 according to data streams from Coingecko.

At this spot rate, a wrapped Bitcoin (wBTC) can rake up 44701.33 DEV.

According to Etherscan, 321 addresses have generated 4,034 transfers.

One address holds roughly 84 percent (9,940,688.32366158) of the total token supply.

Ultimately, the team plans for an Initial Exchange Offering (IEO) in the coming weeks and the objective of listing the token as UniSwap is for the Dev Protocol community to get a hint of how the staking model works. 

Later, due to market forces that would have assigned the DEV token value, the team will list the token at a partner Launchpad as they raise funds.

Short-Term Catalysts

  • The Dev Protocol is still new and introduces a very novel staking model that can significantly magnify the rewards of early participants. Approximately place a $7,500 reward from a $5,000 stake even with a 1.5-minute lock-up period.
  • DEV has a low total supply of only 11.8 million
  • The team is actively talking to different investors and venture capitalists. With roughly 1.2 million DEV tokens in circulation, it leaves only 10.6 million tokens to be split with early investors and the rest to the community.
  • The team plans to launch an IEO in due course. Depending on the reception from the OSS community and dApp developers, there is a high probability that the token will be priced higher for public investors.
  • Stakes.social—the first dApp to create a generic UI that can smoothly perform staking using Dev Protocol, has been pre-released to developers. This site will elucidate how Staking works at the Dev protocol. To get a grasp of how things work, one must have an Ethereum web browser like MetaMask. Trust and Opera Wallets for mobile (Android and iOS) are also supported. From the site, 1,580 properties are already available for staking with Find Up drawing 32 percent of the user interest. 
  • DEV is currently present at UniSwap, a decentralized exchange. However, there are plans of listing the token in other exchanges of which Binance and Binance DEX cannot be exempted as the project gains traction. Already, DEV is in the top 10 when trading pairs are ranked by volumes. This hints of underlying demand.
  • The team continues to develop and add new features to the protocol. The DIP4 prototype is about to be released. Upon rollout, users won’t need to calculate your rewards as this will be visible in real-time.

Long-Term Catalysts

  • The team plans to monetize GitHub once they release the Khaos oracle solution. The marketplace will value your contribution to GitHub and distribute rewards accordingly. GitHub was acquired by Microsoft.
  • DEV is already listed at Coingecko. For a project that is yet to raise funds, this says a lot about its quality and what the future lies for this gem.
  • More properties continue to be added. There are hints that a government project will be one of the listed properties. This alone will set the ball rolling and legitimizes the project and its intention.
  • Dev Protocol is an idea forwarded by Japanese developers. Increasingly, investors continue to be shielded by maturing legislation around ICOs/blockchain projects. Besides, with a view of sustainability and building a community—core ideals of the Japanese, odds are this project will succeed since the sense of community is entrenched in Japanese culture.
  • The Project is sponsored by Microsoft. Microsoft employs sound valuation techniques, analyzing its fundamentals and risks before delving in. This alone is a strong indicator of the project’s potential and weight. Others include Neutrino. To become a sponsor, a firm/investor must stake 100 DEV.
  • Eventually, the project will migrate ownership to a fully decentralized model, reduce GAS fees, and rollout a project called Servant which allows fees to be paid in DEV.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

Introduction

Blockchains leverage on their decentralized and distributed network for full functionality. The first application of this Distributed Ledger Technology (DLT) was Bitcoin. As basic as it is, it has nonetheless demonstrated that working from a publicly verifiable ledger is possible and secure.

It further demonstrated that funds, or electronic money controlled by math, can be minted and fused to the web essentially building a bankless network riding on a web3 framework.

The success of Bitcoin inspired other developers and as Satoshi melted into the interwebs, the concept of smart contracting and Ethereum proved to be a game changer.

Ethereum was the first, improving on the Bitcoin protocol by enabling smart contracts which could function without third parties as long as certain on-chain conditions are met meant the activation of functions thought to be previously impossible.

However, while smart contracts promised so much, the siloed nature of blockchains limited the full potential of this novel tech and dapps that relied on these codes.

This necessitated the launch of trusted oracles platforms. Oracles are channels through which vetted off-chain, real-world data can be used as inputs or conditions for activation of on-chain smart contracts.

Oracles are basically data from verified sources that can be fed to activate smart contracts. In DeFi dapps, these data can be asset prices. In other applications, it can range from speed of say cars for IoT dapps, to temperature fluctuations in weather dapps.

What is the Band Protocol?

The Band Protocol is a decentralized oracle framework for blockchain dapps.

Smart contracts controlling these dapps are fed by off-chain, real-time data curated from a trusted web of data providers backed by strong economic incentives ensuring accurate data.

This eliminates the limitations of dapps since smart contracts are connected to real-world information.

Dapps can connect to any open API, get fed with verified data without connecting via a centralized entity thereby guaranteeing data security, availability, and reliability regardless of the demand of data.

To ensure data availability, on-demand data are updated frequently and kept on the blockchain without compromise. By enforcing strict query requirements, the Band protocol has a high tolerance for collision.

Moreover, data providers are properly incentivized and distributed meaning there is no point of failure since no entity has no authority to by-pass governance and take control.

The Band Protocol is underpinned by the following culture:

  • Community driven in that they allow people to build what they want to. In this spirit, their data providers are perfectly distributed and dapps continue to partner with the protocol.
  • They prioritize decentralization and the team have made it clear that they won’t allow any entity to take control of any iota of data.
  • Their source code is open source stating that great software should be transparent and available for everyone.

Team

Behind the Band Protocol is a team dedicated to build a framework for a decentralized data governance that leverages on decentralization to structure and bridge the blockchain with the real world.

Made up of members with experience at DropBox, TripAdvisor, and others, they have their eyes fixed on the price.

  • Soravis Srinawakoon is the CEO and co-founder. He has been featured in Forbes 30 under 30. He was previously a management consultant with strong technical background in computer science who now lives and breathes crypto.
  • Sorawit Suriyakarn is the CTO and co-founder. He has an M.Eng. /S.B. in EECS from the Massachusetts Institute of Technology with previous gigs at Hudson River Trading, Quora, and Dropbox. He can write all sorts of programs ranging from formal verification (Coq), “smart contracts”, HFT low-level high performance, backend shenanigans, and sometimes frontend.
  • Paul Nattapatsiri is the CPO and a co-founder. He has created several crypto gaming apps with over 800,000 users. He has worked with Tripadvisor and Turfmappx.
  • Other members are Bun Uthaitirat who is the Chief Fun Officer and Developer, Atchanata Klunrit at the Operation and legal office, Kanisorn Thongprapaisaeng and Prin Rangsiruji who are developers.

Partnerships

The Band Protocol has partnered with Sequoia Capital India who led a seed funding drive raising $3 million with participation from Danamu and Partners, and SEAX.

They recently partnered with Atomic Wallet, a non-custodial wallet where users need not to register and sensitive information is controlled by the user.

Commenting, Konstantin Gladych, the CEO and Founder of Atomic Wallet, said:

“The major wave of blockchain for the past couple years has been decentralized financial applications, the next wave will be the security of the underlying protocols and oracles will be a major factor. With Band Protocol being the major oracle solution to enable real-time data requests, Atomic Wallet is confident in their success and are excited to support their mission to connect smart contracts with the real-world.”

Hash Quark one of the largest staking service providers in Asia has also partnered with the Band Protocol.

Others include CastleNode, WeStaking, Forbole, B-Harvest, KardiaChain, and ChorusOne.

Band Tokenomics and Token Distribution

The creators of the Band Protocol opted for an Initial Exchange Offering (IEO) at the Binance Launchpad from September 16 to 17 to supplement their private and seed sale allocations.

Five percent of the total supply was availed to private investors during the private sale where each token was sold at $0.40 while each token was sold for $0.30 at the seed sale where 10 percent of the total supply had been assigned for investment.

Their overall objective was to raise $10.85 million through a crowd funding where 27.37 percent of the total supply of 100 million Band tokens were available for public investment.

During the IEO, each token was sold for $0.473 and the only coin accepted was BNB. The crowd funding was successful as the hard cap of raising $5.85 million was reached within two days.

A pool of 631,800 BAND tokens (worth around 300k) was split and airdropped to all Launchpad participants who didn’t win tickets. In total there were 19,500 tickets and each ticket was allotted $300 or 634.25 Band tokens

In this IEO round, 17.08 percent of the total supply had been set apart for investors.

There was no vesting period and tokens were distributed within 15 days after purchase.

The Band Protocol and its foundation has been allocated 44 percent of the total supply. 25.63 percent to the Band Protocol ecosystem and five percent to Advisors.

By mid-2024, all Band tokens would have been released into their ecosystem as per their token release schedule.

Performance and Exchanges

At the time of press, each token is changing hands at $0.97, down 10 percent in the last trading week.

As such, early adopters who channeled their funds, buying the token during the IEO, Private or seed fund sale have more than doubled their earnings in less than a year.

The token is predominantly traded on Binance where it is paired against BTC, USDT, and BNB. The BAND/BTC pair is actively traded commanding a market share of roughly 42 percent.

Band is also offered at Bilaxy, Bitsonic, DCoin, Kyber Network, UniSwap, and FatBTC.

Short Term Price Catalysts

  • Oracles as an emerging sub-sector within the larger blockchain ecosystem is still nascent and the Band Protocol is well positioned to dominate and be counted as a reliable source of community-vetted data for dapps. DeFi which is heavily reliable on oracles has total value locked (in USD terms) of over $700 million.
  • The team is dedicated and continue to update their community and investors. Soravis Srinawakoon and team are also very experienced. Its CEO has been featured in the Forbes 30 under 30. Investors would benefit from his technical experience, expertise, and wealth building.
  • Listing at Binance, one of the largest cryptocurrency exchange by trading volumes, is a boost for BAND liquidity and therefor price in the medium term.
  • The Band Protocol’s security is guaranteed and this is a net positive for its token price following their partnerships with leading staking companies in Asia including WeStaking and Node A-Team.
  • The team is preparing for the launch of its mainnet. There has been successful penetration and stress tests.  If its transition is smooth, it will build the confidence for more projects—especially those serving in the emerging and lucrative sector, to partner with the Band Protocol. The more the partners, the more the demand and exposure of Band tokens.
  • Atomic Wallet, one of the largest and trusted non-custodial wallet providers with over 300k users and over $20 million of coins staked, announced support that will lead to full integration and staking. This is a show of confidence and is bullish for price in the medium term.

Long Term Price Catalysts

  • In the race for decentralization, scalability, and reliability, the Band Protocol ranks higher. Their plan is to shift to the Cosmos blockchain which advocates for speed, interoperability, and security.
  • Use and adoption is vital for the survival of any blockchain project. With the main competition being Chainlink, Band Protocol’s on-chain activities continue to grow. Use spurs demand and this is bullish in the long-run.
  • The Band Protocol took a different approach and by rolling out a cross-chain compatible oracle solution, the team provides solutions to real-world problems.
  • More and more exchanges support the Band token. Kyber Network and UniSwap are two DEXs where the token has been paired against other liquid assets like BTC, BNB, and USDT. Here, holders have full control of their private keys unlike in CEXs which are prone to attacks.
  • There is a strong economic incentive for data providers to remain honest. Their focus on community and decentralization gives them an advantage and flashes well with their overall objective of building a decentralized oracle infrastructure.
  • The project is supported by leading and prestigious investors like Sequoia. Moreover, they have partnered with influential projects. Castle Node, for example, is backed by StarchainFund which has also backed Coinbase and MakerDAO.
  • Compared to competing options, Band’s smart contracts are optimized for gas usage and are relatively cheaper. A simple query call only consumes less than 30,000 gas. Moreover, these queries are fast and instant as one logic can be processed within one transaction without block confirmation since data is readily available via a delegated Proof-of-Stake consensus algorithm ensuring more integrity.

Enjoy #DeFi with the Best Prices across Exchanges

Peer to Peer, No KYC, Audited and Insured Smart Contracts

The sharing economy. Talk of Uber, Airbnb, Lyft, and all sorts of emerging platforms enabling individuals across the globe to share and earn or save money.

For what it is, it has been dubbed as the gig economy. Others call it the collaborative economy. Yet others, the peer economy. Thing is. It doesn’t matter what you call it. What’s important is what it is.

Introduction

Statistics estimate that the burgeoning industry is worth over $100 billion and could expand to over $325 billion by 2025. That’s roughly a 2.5X rise at current valuation. The industry continues to shape processes and more people are attracted to its efficiency and cost savings.

Shared platforms are the wire frameworks where people can readily exchange tangible and intangible resources at scale consequently reducing transactional friction.

The emergence of such platforms on blockchain, for instance, minimized and sometimes completely looped out the costly middleman.

Users can generate value from idle resources. Concurrently, clients can save money while avoiding huge capex. From shared offices, to cars, and to houses, the trend is about to change as blockchain creates more opportunities.

What is ShareRing?

By utilizing the power of distribution, ShareRing has its focus on the multi-billion sharing economy and have specific plans to disrupt the heavily fragmented travel industry. For good reasons.

The travel industry is a jackpot but is currently full of friction.

In 2017 alone, the Travel and Tourism industry in the US contributed over $1.6 trillion to its economy, supporting over 7.8 million jobs. US tourists and travelers represented almost 32% of all Service exports.

ShareRing says it is taking the hassle out of travel by streamlining processes and fusing a highly fragment market. Every booking and verification are done from one app using one login.

This way, there will be no more juggling of passports, travel documents or even bank documents.

By using:

  • One login all travel credentials are available from one place.
  • One app all the travel needs will be in one place. At the end of the day, ShareRing hopes to be the “Amazon” of travel marketplaces.
  • One payment clients’ funds are secure and cheap, all payments are billed from one location
  • One ID gives more control and clients can choose where they want to store them. IDs are not stored in the ShareRing ecosystem.

They are launching a blockchain marketplace specifically designed for the over $100 billion gig economy. A user can anytime use this platform and launch the next Uber or Airbnb while enjoying efficiency, security, and one payment mode with no extra FX charges.

Their growth will stem from the implementation of a two-sided marketing plan that will be business and customer facing.

What is ShareRing and ShareToken

Ultimately, ShareRing will provide universal access to the sharing economy by leveraging technology and launching tokens, SharePay (SHRP) and ShareToken (SHR).

SharePay is the base currency, a stable coin, which is used for paying to use third-party assets offered by issuers. Meanwhile, the ShareToken is a utility token within the ShareLedger blockchain built on Tendermint Core framework.

The ShareLedger blockchain also uses the Leased Proof-of-Stake consensus algorithm (LPoS). LPoS is a more secure improvement of Proof-of-Stake. This way, the ShareLedger blockchain is more scalable and comprise light nodes and full nodes—the backbone of the ShareLedger. Lightweight node operators can stake their SHR.

However, the main difference and a unique feature with LPoS is that there are no contracts specifying lock-down periods. By delegating their SHR to a full node of their choice with no restriction, they can participate in consensus.

Transaction fees will be paid in SHR and the amount will decrease over time depending on demand.

50% of collected fees will be distributed to masternodes while the other half to the creators of the platform, ShareRing limited to cater for operational costs and other capital requirements.

Team

ShareRing Team
  1. Tim Bos is the CEO and the Founder and CTO at Keaz, Founder at ShareRing, speaker, mobility expert, sharing economy, blockchain and startup advisor. He has over 19 years’ experience working with start-ups and established enterprises with a focus on technology.
  2. Rohan LePage is the Chief Operating Officer and Co-Founder. He is an experienced Business Manager and Director with a demonstrated history of working in the automotive industry and Crypto space. Skilled in Marketing Management, Project Management, Negotiation, Business Planning, Sales, and Customer Relationship Management (CRM).
  3. Peter David is the Co-founder and Non-Executive Director. Peter has a lifetime of experience in every aspect of growing global technology business. As CEO, COO or general manager, he has led several startups to generate total revenue of more than $300 million. In 2013 he founded Keaz with Tim Bos and currently serves as the company’s CEO.
  4. Neville Christie is the co-founder and Investment Director. His core function has been to drive exceptional people, disruptive technologies, start-ups, and mature businesses to become more innovative and impactful at scale, without sacrificing the authenticity of ‘soul’, or total well-being, of the businesses or the individuals leading them.

The project’s core development team includes: Trung, Tung, Trang, Manh, and Tan.

Advisors

The team is advised by:

ShareRing Advisors
  1. Adrian McCullagh who has been a solicitor for 30 years having concentrated on IT law, and IT security law. He is presently advising on Blockchain technology and its legal impact and is currently working on 6 ICOs across multiple jurisdictions.
  2. Christopher Emms who is a serial entrepreneur with extensive experience working with Startups and Ventures.
  3. Jonathan Galea who has considerable experience in the blockchain sector ranges from a close study on the developing regulation in the area to hands-on experience in the technical and economic aspects of cryptocurrencies, one of the most widely-adopted uses of the blockchain so far. Jonathan’s LL.D.
  4. Anna Melton, a cryptocurrency evangelist and a highly experienced Marketing and Public Relations consultant with an extensive background in fast-paced and dynamic industries including Fintech and Gaming.

Others include: Richard Kastelein, Ting Y Chan, and Gary Palmer.

Partnerships

  • They have partnered with Dhipaya Insurance which is the largest non-life insurance company in Thailand. The Thai government owns majority of Dhipaya Insurance.
  • Also, the world’s first Blockchain based eVOA in place with major Thai company Gateway Services targeting 5 to 10 million travelers from 22 countries is already in place. These countries include China and Asia. With Mandatory Insurance this will generate around 40 million transactions per year from Thailand eVOA alone and around 10 million transactions from Insurance on the ShareLedger.
  • They have partnered with HomeAway. This way, 2.6 million international hotels and accommodations will be available straight from the platform.
  • ShareLedger have struck a deal with several multi-global car sharing firms.

Other major partners include:

  1. BYD (Largest Electric Car Maker in the World)
  2. DJI (Largest Drone Maker in the World)
  3. Keaz (300 locations around the world)
  4. Mobi
  5. Yogoo EV Car Sharing

There are also more partners to be announced with time.

Tokenomics and Token distribution

SHR token was issued as an ERC-20 token but swapping to BEP-2 tokens is possible. The team shifted to the Binance Chain because like ShareLedger, it is built on Tendermint core.

For clarification:

  • The BEP-2 SHR token is for trading
  • The SHR issued on the mainnet is for staking and consensus
  • SHRP, the currency, is a stable coin.

SHR can be converted to BEP-2 SHR token through atomic swapping

In total 3 billion SHR tokens were generated.

The hard cap was placed at $38 million

  • During the Pre-token sharing event, each token was sold for $0.01, a 50% discount. Then, the minimum contribution for pre-sale participants was $150,000. Purchased tokens were locked for three months.
  • In the main token sale event, each token was sold for $0.02, there was no discount.

NB:

  1. No SHRP was issued
  2. There was no minimum investment for the main sale, but KYC and Whitelisting applied
  3. US and Chinese investors were barred from participating.
ShareRing SHR Price

At the time of press, each token was trading at $0.00138758 with a 24-hour trading volume of $16,736.99.

ShareRing SHR Price Action

It’s all-time high was $0.01527456.

The token is traded on two exchanges: Binance DEX and BitMart

ShareRing Token Distribution

Token distribution is as follows:

  • 60% to investors
  • 24% to ShareRing
  • 5% to a Bounty Program
  • 10% to Advisors
  • 1% for Air Drops

Funds allocation is as follows:

  • 30% to mainnet development
  • 10% to auditors
  • 30% for setting up incubators and bonuses
  • 20% for marketing and promotions
  • 10% for contingency funds

Short-term Catalysts

  • The ShareRing Block Explorer is now live. The code for the explorer is open on GitHub.
2
  • There are more and more masternodes going online. According to Tim, the accrued income for the node holders is ready. This is a short-term boost and a perfect incentive.
  • The mainnet is live. Already, there are a couple of cars sharing systems running and some car rentals. The team is also pushing for a logging system for a transport company.
  • The ShareRing mobile application is live. Users can now create their OneID and ShareRing e-wallet. Also, users can book hotels and apply for an eVOA, plus insurance.
  • Over 20 partnerships will be unveiled with time.
  • Already listed at BitMart but support at Binance main exchange will be possible once there is sufficient liquidity.

Long-Term Catalysts

  1. A buyback, or a flow-back model exists and the team plans to use collected transaction fees to purchase SHR tokens and redistribute them back to stakers. Over time, this builds up more selling pressure while securing the network through staking.
  2. A modest share of the fast-growing share economy expected to grow to $325 billion in the next five years. ShareRing is fusing a highly fragmented market that is largely unexploited.
  3. Their masternode transaction fee model aid in promoting the platform. 50% of transaction fee collected is channeled to masternodes which is then shared depending on the number of tokens staked from lightweight nodes.
  4. ShareRing will allow users to pay for any service using fiat currency as well a variety of cryptocurrencies, including BTC, ETH, VET, NANO, MATIC, BNB and many more.
  5. Predicted revenue for 2020 is estimated at $15 million, growing exponentially as more POC get converted
  6. There is a buy-back program in place and that will stimulate demand for SHR in the long-term. Additionally, the no inflation model maintains a constant velocity for SHR tokens.
  7. ShareRing continues to build. At the moment, the team plans for an immutable review engine, a payment system with little or no FX charges, a booking engine, and an IoT engine for IoT tracking.

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Introduction

Perhaps what is interesting about the modern world is its rate of tech evolution and innovation. From light bulbs, cars, washing machines, telephones, and roughly 30 years ago, the groundwork was laid for the Internet.

The world has never been the same again. It was dubbed web 2, the publishing age, since anyone, anywhere could create content and “push” it to the other side of the world. The world became a village.

Fast forward and the 2010s brought us the blockchain. Seven years later, the concept of dapps took root. Dapps were ordinary applications whose back end ran on a distributed, smart-contract ledger. Ethereum is still the favorite.

With Ethereum, there is just more than what meets the eye. Yes, there is smart contracting and its middleman, eliminating automation which also fostered innovation. This innovation seeped into the restive financial industry and now we have decentralized finance, or DeFi.

DeFi: It is just the beginning.

DeFi is open finance where owners of ETH—or native currency of a smart contract’s platform say Cosmos (ATOM), for instance, can borrow or lend their holdings for a stable coin. DeFi has revolutionized traditional finance. And Ethereum is the base for this welcomed innovation.

But DeFi is not specific, it is all-encompassing, and they involve exchanges and lending apps. At the time of writing this, there were over $900 million worth of ETH locked up in DeFi applications.

Ethereum (ETH) Locked in DeFi dapps

The most popular is MakerDAO, where borrowers received DAI, a stable coin with ETH as collateral. Lenders in the meantime can earn above rate interest rates.

But DeFi can’t function without oracles, or portals that convey useful, reliable—and always vetted real-world, off-chain information, that can trigger smart contracts which also run DeFi apps.

Thing is, Ethereum and similar platforms require trusted oracle for valuations, settlements, and dispute resolution. And DeFi and developers need to resolve the “oracle problem” before there are other advances.

This is vital because should secure oracles that provide stable data feeds are compromised then DeFi as we know will collapse.

Otherwise, the closed-looped, self-contained nature of ordinary smart contracts won’t allow the full utilization of certain DeFi apps that may require external data for activation.

What is Tellor?

Providing a solution to this is Tellor. It is an Ethereum-based decentralized and secure oracle for DeFi dapps. Tellor is an easy, implementable solution through which DeFi dapps can receive high value data for smart contracts.

Their data feeds are stable and reliable because they make use of staked miners who compete through Proof-of-Work to submit official value for requested DeFi data.

TRBs are mined with each successful data point but a portion of it, 10%, is taken by the company for ecosystem development. This developer share goes to the treasury of the founding team to finance the team’s effort.

Tellor says this is necessary to “maintain a decent token price for profitable mining and a secure network” consequently aligning incentives between miners and Tellor’s founding team.

Tellor: Decentralized Oracle and a Hybrid Consensus Algorithm

Tellor is a project that was built from a need. Its creators had earlier created a startup, Daxia, a derivatives protocol on Ethereum, which required an oracle.

How Tellor (TRB) Decentralized oracle for DeFi dapps work

Daxia would create tokens that represented long, or short sides of a trading pair. To function, an oracle was required for smart contracts to be executed.

For their needs to be met, the team built Tellor, a decentralized oracle that fully met their needs.

Aware that DeFi has the potential of being a multi-billion industry, Tellor has built a network of staked miners where through Proof-of-Work, they can reliably channel secure and stable pricing data for the burgeoning industry.

The Tellor Oracle is an on-chain data bank where miners compete to add data points in return for rewards called “Tributes” or TRB. For miners, they earn a base amount of 5 TRB for every submission and tips as incentivisation.

Interested parties then pay Tributes to submit a request for data to their decentralized Oracle. The oracle then settles on a best funded query and creates a Proof-of-Work challenge for the miner to solve. Each query collects pricing data and makes it on-chain.

As another cushion of security, miners are required to stake their Tributes. To take part, a miner must stake 1,000 TRB. This is to dis-incentivize those who may want to game the system.

The combination of Proof-of-work, a gold standard in consensus, and staking gives the decentralized oracle an edge over competitors. Besides, there is quality since queries are made every 10 minutes.

Tributes is key to Tellor, and their work is to:

  1. Provide security by incentivizing miners and required for dispute resolution—charged as fees. They are also needed for staking.
  2. For the building of a striving and robust Tellor ecosystem and community. This is only achieved by ensuring continuous distribution of the token.
  3. Ensure a sustainable system.

Team

Tellor TRB team

Brenda Boya is the CEO and co-founder. She is an Ethereum developer and a former economist in the US Government. Before that, she was the lead developer and VP of Daxia.

Nicholas Fett is the CTO. He’s actively designing and developing a system for off-chain data access and validation on Ethereum. Before that he was the founder and CEO of Daxia.

Michael Zemrose is the co-founder. He describes himself as an expert in developing, communicating, executing, and sustaining strategic initiatives. Before that he was the Chief Strategy Officer at Daxia.

Partnership

Binance Labs, ConsenSys, and MakerDAO are investors and major partners.

Last year, they also partnered with Radar Relay, a P2P trading platform.

Tokenomics and Distribution

TRB, as aforementioned, is an Ethereum-based utility token that powers the Tellor system. Notably, they didn’t carry out an ICO. Instead, they opted for a developer share. 10% of miner rewards is diverted to the founders’ treasury.

“A dev-share allows us to get the necessary financing we need to create a sustained and secure oracle network, but only if we really deliver a cutting-edge product that’s needed. If we don’t, then the token value will plummet and there won’t be any interest in Tellor, be it miners or actual projects using the oracle.”

“So instead of the project dying while already having raised millions in dollars, we would be left without anything in hand and a failed project. This commitment and proper incentive are what we are after.”

At the time of press, the token is trading at $6.61 with a 24-hour trading volume of $226,265 according to streams from CoinGecko, a coin tracker.

At this level, the token is up 17% in 24 hours and 130% month-to-date. It is down 22% from its all-time high of $8.73 and 35X from its all-time lows of $0.18 registered on Nov 10, 2019.

Tellor TRB Price Action

There will be 1.05 million TRB tokens in total and 960k are already in circulation. The token’s market cap stands at $6,437,774 and is therefore ranked at 270.

TRB is actively traded on IDEX, where the TRB/ETH is the most popular trading pair drawing daily trading volumes of $74,994. Other supporting exchanges include Vitex, Citex, and Bilaxy.

Tellor TRB supporting cryptocurrency exchanges

Furthermore, TRB is available at Bidesk.

Short term Catalysts

  1. Tellor is a project created out of necessity. The team understands what they are trying to solve and their solution resonates well for DeFi dapp creators. As a reflection of their goals, the token soared 33X from its all-time lows of $0.18.
  2. The team tight-knit and experienced. Tellor executives were part of Daxia, a derivatives protocol based on Ethereum.
  3. Tellor has received investments from DeFi industry leader MakerDAO and Binance Labs.
  4. There are rumors that Binance DEX could list the token. Binance DEX is massive and is powered by Binance’s technology. Should they list, the token’s liquidity will increase and that is a net positive.
  5. The idea of giving up and opting for a developer share instead of an ICO reveals their true intention and urge to see the project blossom.

Long-term Catalysts

  • The amount of ETH locked up in DeFi platforms continue to rise. It recently surged past $1 billion mark. Supportive fundamentals from DappRadar further reveals that more people who interacted with blockchain experimented with Ethereum and specifically DeFi. This is huge and for a platform that serves DeFi dapps, it’s only a matter of time before they receive more investments from Fortune 500 companies and the likes.
Tellor Oracle Adoption cycle
  • Their emphasis of security and decentralization is attractive for purists, and over the long term and if DeFi blossoms, this will be a major talk point more so if there is exploitation of other oracle solutions. The security of the network is directly proportional to TRB market rates. The higher, the more secure the platform. Additionally, Tellor’s smart contract has been audited by CertiK.
  • TRB total supply is relatively low and fixed. There is no pre-mine. Tellor’s popularity will only mean more demand for TRB, and market forces will mean a repricing beyond the token’s all-time high.
  • Tellor can work on any chain with smart contracting capability. This means gathering cross-chain information is possible.
  • Development team is working on “creating a secure, scalable, and on-demand Oracle to help smart contracts achieve their true potential.” Research on Zero-knowledge submissions to reduce gas costs and to prevent mirroring, and automatic reporting and monitoring is already been done.

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