In 2018, the Bitcoin price plunged to $3.2k. Earlier that year, it was trading at $19.8k. A record at that time.

The correction was painful for holders. However, it didn’t kill the idea. Instead, the price contraction made it more robust and more refined, forcing even more evolution in how ordinary folks handled finance.

The result was the birth of decentralized finance, DeFi.

As of writing, the number of assets locked under these decentralized Money Legos in Ethereum alone is at a record high of $25.2 billion.

In early 2020, this stood at around $850 million.

A 29X growth, year-to-date.

Following suit is another wave of a crypto rally.

Bitcoin, on Jan 5, breezed to a new high of $42k. Ether prices are also on a tear, racing to over $1.4k (ATH).

Building Bitcoin DeFi Bridges

The cool thing about DeFi is its innovation and elimination of barriers.

Currently, the major hurdle facing BTC holders in finding secure, mature, and trustless bridges of moving BTC from the Bitcoin network to DeFi in Ethereum without risks of exploitation.

As of today, there is over $4.6 billion worth of BTC tokenized in Ethereum, used as collateral in DeFi.

However, this can be accelerated as the amount, in all honestly, is lower since more people want to benefit from the explosive DeFi.

The only way of doing this–and unlocking the over $600 billion of under-utilized value is by building and creating trustless, community-owned, and easy-to-use infrastructure.

what is Badger DAO

Badger DAO is doing just that.

How? You may ask.

Well, Badger DAO is an open-source and decentralized automated organization (DAO) in Aragon dedicated to building products and infrastructure to fast-track the movement of Bitcoin as collateral to not only Ethereum but to other smart contracting platforms.

The platform is a shared space where developers—called Badger builders, collaborate with one thing in mind: Build and avail Bitcoin as collateral to as many blockchains as feasible.

As a DAO, their incentives are aligned, eliminating needless competition.

The developer infinitely earns a percentage of fees and BADGER tokens from the developer mining pool for every build.

What sets Badger DAO apart is that the project actually had a fair provable launch with audited codes and measures to prevent whale games.

Two Flagship Badger DAO products: Sett and DIGG

Badger DAO is community-driven, and before development, products must first be pitched and voted for by token holders.

All decisions are voted, and the BADGER governance token is fairly distributed, allowing community members to participate and draw benefits.

Their foundational products are Sett–inspired by Yearn Finance Vault but for tokenized BTC only, and Digg.

Sett (and Super Setts) is a DeFi aggregator with flash loan mitigation measures focused on tokenized BTC only using five strategies. Upon deposit, users can earn a yield as the protocol’s smart contract does the leg work.

To incentivize participation, farmers depositing tokenized BTC to the Sett vault earns BADGER and DIGG depending on the weekly emissions rate that’s decided by the community. Besides the 0.5 percent fee, another 4.5 percent of the profits earned are deducted to cover for Gas and transaction costs.

With further incentives, participants can stake wrapped tokens into the Badger Geyser to earn more BADGER tokens. Rewards depend on the duration of the staking period.

Digg is a non-custodial synthetic Bitcoin on Ethereum, pegged to the price of BTC with flexible supply and a re-base function, adjusted depending on BTC spot rates.

The goal of Digg is to rid centralized third parties and to create a synthetic token that tracks the price of Bitcoin, trustlessly, adjusted inversely depending on Bitcoin’s price.

Initially, DIGG and BADGER tokens were airdropped to users interested in Bitcoin DeFi.

Under the Badger Early Contributor Program, 14.5 percent of all DIGG (4,000—dropped from 6,250) and 5 percent of BADGER coins (21 million) were allocated to early contributors. Earned tokens will be unlocked linearly every two weeks for six months.

Approved products (garnering 10 percent of the total supply BADGER votes) are developed by the community in collaboration with the Badger DAO operations team.

BADGER TokenOMICS

Unique to the Badger DAO is their approach to make product development transparent, open-source, and fair from the onset.

Their governance token, BADGER, has no intrinsic value.

However, their role besides governance is in:

  • Staking in the Sett vault
  • Liquidity provision

Minting MEME NFTs Users can also hold the asset, benefiting from capital gains.

BADGER tokens are distributed as follows:

BADGER Token distribution
  • 4.83 million is for liquidity mining
  • 3.15 million is for developer mining
  • 7.35 million is for the DAO treasury
  • 420k is for Bitcoin core developers
  • 3.15 million is for airdropping to the community.
  • 2.1 million is for the founding team. For every block mined during the liquidity mining event that takes eight weeks, a BADGER token is rewarded to the founding team.

These are some steps that make Badger DAO unique and interesting, especially as they are inclined to build products to unlock the use of Bitcoin as collateral in other projects:

  1. A fixed supply of 21 million BADGER tokens like Bitcoin
  2. Audited code by third parties like Zokyo.
  3. No surprise launches
  4. No crowdfunding
  5. A publicly known founding team
  6. Founder rewards that are time-locked with white-listing functionality
  7. Community governed

The Badger DAO Team

Platform users will mine BADGER, and 10 percent is for the founding team. The remainder is set aside for the community.

Badger DAO Founding team

The Badger DAO Founders are:

  • Chris Spadafora is the operations lead. He’s a crypto enthusiast and investor.
  • Ameer Rosic, an investor and a founder of other crypto projects.
  • Albert Castellana, the product advisor, and CEO at StakeHound.
  • Alberto Cevallos, the technical advisor. He also advises Travala.

In the spirit of community and collaboration, the founding team has partnered with dOrg—a development collective specializing in building DeFi products, custom DAOs, and Web3 Tooling.

This team has worked with the likes of established DeFi megaliths like Balancer, Aragon, The Graph, DeversiFi, and others.

Still, Badger remains as a DAO. The community takes charge in the product’s operations, submitting code, and marketing efforts.

Badger DAO Market Performance

As of Jan 19, the BADGER token was trading at $14.61 with a market cap of $29.9 million. The token is up 86 percent in the last week and just broke ATH and seems to be ready for price discovery.

Notably, the Badger DAO token has the attention of the investment community. Roughly after a month of launching, the token’s market cap has risen to $30 million with fluctuating but decent average daily trading volumes.

Most BADGER trading is at Uniswap. There is also small activity at MXC Exchange and at Gate.

Badger DAO Markets

However, the token’s liquidity remains low.

Short Term Catalysts

  • BADGER’s price performance is impressive. While prices have contracted, it is still up 2X from its all-time low but with a decent market cap of $10.2 million. Analysts are confident of a recovery and a subsequent rally.
  • The token is presently present in Uniswap and few centralized exchanges. However, once Badger DAO gains traction, cements its position in the top-10, BADGER may find support from the likes of Binance or Gemini.
  • There will be only 21 million BADGER tokens, a relatively low market cap, fixed with liquidity mining to attract farmers and protocol users.
  • Relative to the projects TVL of over $570 million, the utility BADGER token is one of the most undervalued projects in Ethereum and Bitcoin DeFi, breaking into the top-10 by TVL.
  • Huge DeFi whale @0x_b1 is already building up their position in BADGER. Their liquidity mining program only runs for a limited period presenting more opportunity for traders and investors confident of the protocol’s prospects.
  • Digg is live, and three dedicated vaults are live. All three vaults earn BADGER and DIGG as rewards.
  • The BADGER/wBTC pool is one of the most liquid in the new Sushiswap’s Onsen Program. Liquidity exceeds $2.3 million, days after Badger DAO activated two Sushiswap optimizer vaults. There are two vaults—wBTC/ETH SLP and BADGER/wBTC SLP. Instead of dumping SUSHI for protocol users, their Sett vault strategies stake them for xSUSHI.
  • Badger v2 is out with an even simpler interface and layout that’s easy to use for investors who want to leverage Setts, stake, or use DIGG.
  • It is also easier to track the Badger DAO pools’ performance following support from DeBank DeFi, Coingecko yield farm page, and a tracker, DappRadar.
  • Badger DAO has partnered with Nexus Mutual allowing users to insure their deposits against smart contract flaws. Users who stake NXM also earn NXM and 0.05 BADGER/week as rewards marking the beginning of a new shield mining campaign.

Long Term Catalysts

  • Badger Sett stakers will earn a portion of the vault’s shared fees. Sett takes after Yearn Finance vaults but with a focus on Bitcoin DeFi and employs over five strategies.
  • The incentives in place by the team, rewarding protocol users, is already successful and will drive more organic participation. Their Flash loan and whale fighting measures are proving successful.
  • Besides an intuitive interface, the protocol continues to attract more users. By Dec 31, 5,500 unique addresses (people) had interacted with the platform and therefore qualified for DIGG and BADGER airdrops. The number should rise in the coming months.
  • On development, following the launch of Digg, the team plans to launch a new Bitcoin AMM, introduce new vaults, mint native Bitcoin and wBTC/renBTC, and introduce the borrowing of stablecoins against user’s Badger vault position.
  • Badger DAO has integrated with Ren. Users who have ever minted (tokenized BTC) using the protocol can earn BADGER tokens.
  • The multiplier effect in the protocol’s staking means the longer they stake, the more BADGER tokens they receive during the liquidity mining event. There is a higher reward multiplier up to 3x after 8 weeks.
  • All of Badger DAO’s code is audited by a third-party (Haechi Audit) and is has been founded secure.
  • DeFi has a total of $20 billion as TVL across different protocols. Badger DAO is accelerating the movement of Bitcoin DeFi so that more users can use their BTC in DeFi. Using their flagship product–and therefore being part of their goal, means receiving BADGER either through airdrops or Sett.
  • Badger DAO is allocating funds for Gitcoin and has a grant for Bitcoin core developers. Already, the first $200k was sent in late December 2020 to the Gitcoin Grants Program. The more hacker-proof and refined Bitcoin is, the more successful Badger DAO becomes as they drive to make Bitcoin DeFi a reality and lucrative.
  • The Badger DAO founding team is publicly known, reducing the chances of a rug pull.

We are in a very important stage of the crypto markets and it’s necessary to position yourself well before the real fireworks starts. We have been here with the 2017 major bullmarket and we know how crazy things can get. Coming months will all be about getting your positions as low as possible in projects that will do well in the next major bull run.

We think the biggest uptrend for the coming years will be for fully permissionless (non-KYC) derivatives protocols that are super simple to use and remove all obstacles to get access to leverage.

There won’t be winner takes all, but we do think some derivates protocols will do better because of the following characteristics:

  • To become a core building stone in the decentralised financial system it’s important to be very robust and fully on-chain.
  • Anon developers remove an attack vector since we believe all others will be forced or manipulated into tracking their users and this removes the permissionless nature that is so important for extreme growth.
  • Code, product and users count, not the team/advisors/vc-investors that you often see used in project promotion.
  • Super simple Uniswap-like user interface will be much more successful than complex exchange interfaces only “finance professionals” can use.

Welcome to open finance, a new paradigm.

What is XVIX?

There are multiple parts in the XVIX ecosystem that are important to understand and we believe are revolutionary innovations.

1. An increasing price floor of xvix with no locked liquidity.

2. On-chain leveraged tokens using a completely new method to achieve this.

First is their token model that benefits from volatility and uses this to create continually rising floor price. Anyone can sell their XVIX for ETH at the floor price at any time.

For starters, XVIX is a project with no passive token holders. Specifically, addresses linked to Uniswap liquidity pools (XVIX / ETH and XVIX / DAI) will be excluded. Eligible addresses will have a 0.02 percent negative rebase of tokens held in normal addresses every hour. This pressure creates natural volatility and automatically increases the price floor that benefits both holders and Liquidity providers.

It is from these regular burns that the total supply of XVIX tokens can be projected. In a scenario where no XVIX holder supplies liquidity in Uniswap, the total token supply would fall by 50 percent after six months.

On the other hand, if everyone supplies liquidity to the two Uniswap’s pools, the main source of token burning will be from normal transfers. Here, for every transfer made, 0.50 percent of the token value will be burnt. 0.43 Percent will be burnt while the remainder—0.07 percent will be transferred to the developer fund.

Rebasing Bull and Bear Tokens

Uniswap-like simple interface

Following the successful launch of the XVIX token on Dec 1, the XVIX protocol has released X2 for generalized rebasing of leveraged BULL and BEAR tokens of which each is redeemable at 1:1 for ETH.

The X2 protocol allows anyone to take on long and short positions on the price of ETH/USD, BTC/USD etc. This is done by minting or burning bull or bear tokens using ETH.

The protocol is fully decentralised while remaining manipulation resistant. It does this by settling positions at the lower of the last two prices for bull tokens, and the higher of the last two prices for bear tokens,

Basic Example

  1. The price of ETH/USD is 1000
  2. Alice mints 20 10X BULL ETH/USD tokens for 20 ETH
  3. Bob mints 20 10X BEAR ETH/USD tokens for 20 ETH
  4. The price of ETH/USD increases by 1% to 1010
  5. Alice would still have 20 10X BULL ETH/USD tokens
  6. Bob would now have 18 10X BEAR ETH/USD tokens

In this example, Bob’s tokens decreased while Alice’s tokens have not yet decreased. This is because of the manipulation guard previously mentioned.

Profit Example

  1. Continuing on the previous example, if the price of ETH/USD increases by 1% again to 1020.1
  2. Alice would now have 22 10X BULL ETH/USD tokens
  3. Bob would now have 16.2 10X BEAR ETH/USD tokens

Redemption

Every BULL / BEAR token can be redeemed at a 1:1 ratio with the original token used for minting, in the given examples, this would be ETH.

We took most of the above info from the documentation and we recommend to learn more about this HERE

Differences

XVIX has taken a very different approach from existing protocols like Synlev which we reported about HERE. We very much like both and hope to see both of them attract many users.

  • Both use Chainlink oracles and offer leveraged tokens.
  • XVIX comes out of the gate with 10x leveraged tokens and Synlev currently offers 3x leveraged tokens.
  • However, the non-uniform auto-rebasing in XVIX means the token can benefit from price volatility. Instead, in SynLev, for instance, the isolation of leveraged pairs is mitigation against rapid price movements—that is, volatility. 
  • SynLev’s leveraged tokens are non-transferable, unlike XVIX tokens that are transferable like ordinary ERC-20 tokens.
  • Currently fees are also lower, SynLev charges 1 percent while X2 will deduct 0.4 percent for trades. While higher fees are good for tokens holders, it might hold back traders.

XVIX Markets and Performance

As of writing, there are 168,024 XVIX tokens in circulation, according to Etherscan. Presently, 267 unique addresses are generating 14,695 transfers.

According to Live Coin Watch, each is trading at $7.11. With the aforementioned total supply, the XVIX market cap is slightly over $1.1 million.

XVIX Price Chart

Since listing on Dec 5, the coin has roughly doubled from $3.59 to $7.11, peaking on Dec 8 when it rallied to $10.8.

The most dominant market is the XVIX/ETH market on Uniswap, drawing daily trading volumes of slightly over$102.98k.

XVIX Markets

Short-Term Catalysts

  • There are only two markets for the token in Uniswap; however, after the launch of X2 on Dec 13, other exchanges will follow suit.
  • XVIX market cap is still low (below $1.5 million), less than two weeks after launch, with more updates to be made. This could be an opportunity for savvy investors.
  • The project’s potential is visible. Shortly after listing, the floor rise surged, and more upside is expected. At the time of writing (Dec 11), the token has more than doubled, at $7.11, according to trackers.
  • More coin trackers will support the XVIX token given what it stands to achieve. Coingecko listing is imminent and would immediately help in further marketing the project.
  • The XVIX project has been audited by VIDAR and other independent devs. The protocol’s code has been made public as well following two thorough test networks.
  • XVIX is one of the most innovative in DeFi out there. By combining aspects of CORE and Ampleforth but with non-uniform rebasing, there is flexibility and ease of use improving on current trustless leveraged token trading protocols.

Long-Term Catalysts

  • Their non-uniform rebasing is ingeniously crafted such that whatever happens in X2, there will be no impact on prices since exiting—or dumping the token, only results in burns further reducing total supply.
  • The XVIX project taps and profits from volatility, continuously raising the floor price without profit taking impacting the token price.
  • The X2 is designed to be a system to accrue fees for the XVIX token. Fees will be then split between the Floor Price Fund and Uniswap’s LPs such that LPs will have an independent APR regardless of trading volumes.
  • There are measures in place to ensure no entity hoards the token thanks to XVIX’s idea of discouraging passive holders. Burning on transfers and excluding those providing liquidity in Uniswap’s pool is a win-win for the protocol. 
  • Total supply is flexible but ultimately capped at 200k. This is very low and we expect scarcity to kick in.
  • There are incentives to bootstrap liquidity in the early stages of launch. Despite low fees of 0.20 percent, in the first few days, it will be free to post trades. The X2Fees token mined will also act as fee credits.
  • Combined with incentives, the user interface, judging from the Kovan test network snapshot posted by the team, will be easy to use translating to more users, therefore fees and more tokens.
  • Finally: We think that the dev is fully focussed on building a very innovative and robust product and this is one of the most important features we like to see in a project. Focus on code and building user centered products.

2020 would be authoritatively said to the year of DeFi. A new sub-sector–and a promising one in that matter, it has revolutionized the way finance is done. With blockchain as the base layer, innovative creators have extended on what Satoshi Nakamoto built when he launched Bitcoin.

The Year of DeFi

Fueling the success of DeFi is the tokenization capability and security of the enabling smart contracting platform. 

Thanks in part to the first-mover advantage of Ethereum–and the level of participation now that it was the dominant platform during the ICO-Hysteria, the network is jam-packed with different tokens most of which comply with the ERC-20 standard. 

Combined with well-developed infrastructure, a native currency endorsed by policymakers, more projects are flocking to Ethereum. 

This time, their cross-hairs are fixed on resolving the way trading of different assets is done and the porting of the same principles to the blockchain but without the middle man.

Over $12.6 Billion Locked Up

Cumulatively, the DeFi scene locks over $12.6 billion worth of ETH and different assets according to data streams from Etherscan. Out of this, the most popular DeFi protocol is a decentralized exchange, Uniswap. 

For what truly matters, Uniswap’s popularity arises from its value proposition. Only until recently, it had not governance token, truly embodying the spirit of decentralization. 

Nonetheless, unlike Bancor—which was one of the first DEX in Ethereum, it is one of the most active with trading volumes, at one point in late September 2020, its volumes surpassed that of Coinbase Pro—one of the oldest US-based exchange.

DeFi is maturing and as it does, decentralized exchanges offer what traders truly desire. This time, it does it so efficiently with low slippage. At the height of the decentralized exchange, revolution is the ability of traders to swap tokens without the need of a trusted authority. By eliminating the middle man, the risks of hacking—and other counter-party risks, are eliminated.

For this reason, the trading part of DeFi has seen unprecedented growth. There exist protocols supporting a wide range of tokens where liquidity provision is incentivized. Not only can traders swap tokens trustlessly but they can participate in derivatives, trading options, futures, and perpetual swaps. 

Now, like what Binance and FTX are doing in the centralized world, SynLev wants to introduce the liquid trading of decentralized synthetic leveraged asset tokens with zero risks of liquidation.

The most succesful DEX innovations have been Peer to Pool contracts where liquidity providers pool liquidity to offer a great and liquid user experience for the peers via an automated market maker smart contract. DEX’s trying to replicate centralized exchanges with on-chain order books have failed and smart project are realizing that PEER TO POOL is the succesful way to rapidly grow permissionless exchange products.

Synlev is one of the only undiscovered low marketcap (below 1M) gems that offers all ingredients for rapid growth.

Introducing SynLev

As a primer, SynLev is built on Ethereum by an anonymous team of skilled developers. As such, the overall performance directly depends on Ethereum’s. Just like other on-chain DeFi protocols. 

However, the main differentiator is that the DEX is also built with Chainlink oracles. Through these oracles, SynLev can connect verified and approved price feeds from the real-world as triggers for SynLev smart contracts. 

Why SynLev?

From SynLev’s whitepaper, the goal is to provide trustless, decentralized, and non-KYC gated leverage assets similar to traditional leveraged ETFs. In the latter’s case, liquidity is from debt and fund re-balancing. 

SynLev will chart a different path and hold on to the ideals of decentralization as its main value proposition while keeping leverage of a typical “3X” synthetic leveraged asset token within a 1.5X and 4.5X range enforceable via a loss limiter.

For a balanced and autonomous system, SynLev only supports assets, commodities, and indices with decentralized public oracles

By incentivizing liquidity provision by rewarding users with the SYN tokens, it shall bootstrap liquidity from the community. Assets are also not collaterized by shared pools ensuring consistent and deep liquidity.

All SynLev assets will be deployed in isolated pairs and collateralized by liquidity providers, the performance of the opposing pair, and ETH required to mint tokens. 

In this requirement, the position of leveraged BULL and BEAR asset tokens are collaterized by the opposition position, not through debt being held by a single individual or entity. 

Besides, the isolation of pairs is mitigation against rapid price movements of a leverage position, compartmentalizing the system, and shielding them from unexpected price volatility. This drastically reduces the counter-party risk.

To incentivize participation, fees generated from asset minting and burning will be distributed to SYN stakers and liquidity providers. For every buying and selling event, the protocol charges a 0.4 percent fee distributed where 0.2% goes to SYN stakers and 0.2% to the liquidity pool providers. Synthetic assets are one of the most popular traded products in the traditional finance sector and in a matter of weeks this will also be available via Synlev Peer to pool derivatives exchange.

The Automatic Calibration

Additionally, to keep the equity ratio as close to one, the protocol will introduce a variable sell penalty–capped at 15 percent–and Buy bonuses to balance the equity of asset pairs. The equity ratio acts as a balancer and is a ratio between BULL and BEAR tokens, determining leverage. If there are more BULL token buyers, its leverage decrease while the BEAR token leverage increases.

A sell penalty is incurred with an asset is sold and burned, an event that tends to push the equity ratio above 1. Penalties are diverted to a pool providing funds to pay out bonuses.

On the flip side, the buy bonuses result when minting new assets forcing the equity ratio of a leverage token position to trend towards 1. In this case, the protocol will incentivize users to re-balance the token pair via buys, keeping the equity ratio stable and desirably close to 1. 

Liquidity providers receive half of the fees generated from the buying and selling of any listed leverage token pair depending on the amount—that directly determines the number of shares. Rewarded fees can be withdrawn anytime without withdrawing liquidity from the asset pair. Adding liquidity mints non-transferable BULL and BEAR tokens to the SynLev vault contract which are destroyed when liquidity is withdrawn.

SynLev Tokenomics

SYN is an ERC-20 token for the SynLev ecosystem. It is not a governance token since control of the SynLev project is centralized.

Holders receive half the fees as a reward for users buying and selling leveraged tokens.

There initially was a 100 million SYN tokens as total supply but after cancelation of 2 future sales 17 million tokens are burnt so new max supply is 83 Million.

  • 12 percent was airdropped to LINK and ETH holders. Claiming these tokens is a manual process
  • 12 percent will be sold in a public sale to fund further growth after product launch
  • 6 percent will be used to boost early liquidity programs
  • 15 percent will be used for business development
  • 15 percent is set aside to power the project’s liquidity boost programs
  • 40 percent is assigned for the dev team to stake and earn returning income to keep developing the protocol

Market Performance

All airdropped tokens have been claimed. There are 11.458 million SYN tokens in circulation at the time of writing.

The token’s open price at Uniswap stood at $0.095 with an average daily trading volume of $504k. At the time of writing, each SYN trades at $0.068 with an average daily volume of $228k. 

SynLev (SYN) Market Performance

Prices are up 14 percent in the last two weeks of trading but down 36 percent from its all-time high of $0.111 registered on Oct 17. 

Most SYN trading activity is from Uniswap V2 though the token is already listed at Bilaxy.

SynLev (SYN) Markets

Short-Term Catalysts

  • $SYN token holders will be able to earn 0.2% fee on all trades on the network + liquidity pool providers earn the other 0.2% for each asset they offer liquidity which incentivizes adoption and participation on the network.
  • SYNLEV is launching an onchain synthetic asset exchange with peer to pool mechanism so is able to offer deep liquidity from launch. Traders need liquidity. And Synlev might soon be able to offer deeper liquidity than popular order book based exchanges like FTX and possibly Binance. Uniswap did this for many spot trading pairs within half a year.
  • More exchanges will likely list SYN as it gains success. After the public sale and the project gaining popularity, the odds of investors demanding more purchase channels will increase further boosting the token’s market cap and therefore price.
  • The SynLev interface is intuitive and easy to use. The team is keen on making trading as easy as possible. The revamped interface is also easy to navigate.
  • Several ETH browsers, not just MetaMask, are supported by SynLev making it easier for users to onboard and either stake or add liquidity.
  • The SYN market cap is slow, at $815,253 at the time of writing. However, token performance hints at a possible under-valuation ahead of the main product launch.
  • SynLev contract is verified, complete with an Etherscan logo. This makes it easier for stakers to participate. There are 478 addresses at the time of writing, generating 6,912 transfers revealing how the project is still under-the-radar.
  • The team has fast-tracked the rollout of SynLev. Most of its core contracts are now live on the mainnet. A working beta of SynLev dApp was launched weeks ago. Presently, its code can be checked as there is a bounty program allocated 10 percent of all SYN in circulation. Bounty rewards can be up to $3,000.
  • The Uniswap liquidity provider reward program is already live, concluding on Nov 17
  • 500k SYN tokens will be distributed to ETH liquidity providers through the SynLev Exchange program for the first three weeks, concluding on Nov 23. Depending on the amount of ETH supplied as liquidity and the time take for liquidity provision, there is an incentive for users to earn extra tokens rather than holding via trading means. 
  • The first synthetic leverage asset, 3x ETH/USD BULL and BEAR pair, will launch in the coming weeks. Liquidity providers stand to earn fees from the buy and sell activity of this pair. The higher the trading volumes, the more fees SYN stakers will accrue.

Long-Term Catalysts

  • Liquidity providers need not worry about the exchange locking funds or its leaders being investigated and inconveniencing users. SynLev remains non-custodial and funds can are under the users.
  • SynLev plans to support more leverage pairs. By starting with the ETH/USD BULL and BEAR asset, a dozen others—using Chainlink oracles–will be supported providing more rewards for SYN stakers and LPs who add liquidity to any of the listed pairs
  • There will be one token sale where 10 million SYN tokens will be available for public investment at a 5 to 10 percent discount via Uniswap. This is a revision down from the three-stage token sale earlier announced. 10 million SYN and 7 million SYN tokens from the developer funds will be destroyed. The other five million SYN has now been reassigned to bootstrap liquidity of SynLev assets in Uniswap and other DEXes.
  • The team is aligning their interests with those of the community through the use of proxy contracts employing time-locks and the use of multi-sign contracts. They also reduced the number of public token sales from three to one after feedback from the community. The circulating supply will be increased but with such a low market cap project with this product to be launched we expect this will be absorbed quickly. This would be different if it was a 10-40 Million marketcap project instead of the below 1 Million marketcap it is today.
  • SynLev is carving out market share from wildly popular synthetic leveraged tokens offered by FTX Derivatives Exchange and Binance. Their approach is different and rids the middle man without KYC and censorship. 
  • With SynLev there are no liquidation risks as the pair automatically re-adjust. As the main value proposition, the integration of oracles solves the issue of non-transparent liquidations and other market manipulation prevalent in centralized exchanges. Ask yourself, how much would you value a non KYC bitmex where you can’t be liquidated :P

Blockchain is marvelously incredible. The good news is, the technology is flexible with near-infinite applications. Beyond use in cryptocurrency and underpinning of secure, trustless, and censorship resistance transactions, distributed ledger technology finds massive applications in the energy sector.

Given the concerns around energy conservation and climate change, blockchain can be used to accelerate the de-carbonization of the global economy. 

The world, despite incentives, easily source their energy from carbon-based fuels. This portends a problem and is against the concerted efforts taken by the world leaders to shield the environment from the current degradation. 

One way of effectively fighting back against these challenges is by employing technology and blockchain is emerging at the fore.

Notably, projects are leveraging its transparency and transaction traceability to build one large, vibrant, and open ecosystem where energy transactions sourced from renewables can be tracked and value created without opaqueness. 

In return for transparency and flexibility with blockchain-based solutions, users are incentivized to produce and end-users consume energy in such a way that there is a win-win for environmentalists, system builders, and consumers.

What is Rowan Energy?

Rowan Energy is building a community-supported blockchain system for smart management and trading of renewable energy. From the blockchain, Rowan Energy can transparently and openly sell renewable energy generated from within their ecosystem, tokenizing the interaction between renewable energy providers and consumers. 

Most importantly, Rowan Energy wants to incentivize people to install rooftop solar energy systems and adopt other renewable systems. All of these contribute towards a greener future helping in conservation efforts.

Their blockchain is decentralized and energy-efficient. By moving away from the energy-intensive Proof-of-Work, to a Proof-of-Authority consensus algorithm, the Rowan Energy blockchain remains efficient and most importantly decentralized. 

Within their community, customers—using Renewable Energy Certificates (REC), can confirm transactions and are rewarded for their contribution to the community. REC proof that energy supplied is from renewable sources. 

For instance, companies that own large wind farms, for instance, can be assigned RECs. For every MW generated, they are given 1 REC. This tokenizes and fractionalizes the energy market meaning energy from the rooftop solar system from homes can be transparently stored in the blockchain.

Through the Rowan Hub installed at clients’ homes, transactions can be confirmed on the blockchain. Aforementioned, by validating transactions, users earn a daily reward. 

Rowan Energy Product Offering

In the future, these rewards will be used to offset bills from their energy consumption. Also, Rowan Energy plans to activate real-time, peer-to-peer energy trading between their members who are also the generators. 

Rowan Energy has three main products:

  • REward: a flexible system when users can create their token reward. This way, people can join their system and also integrate the Rowan Energy software in their operations.
  • REtrader: This is an automated peer-to-peer energy trading platform for renewable energy generators.
  • REtrace: This is software for tracing the source of energy within the network’s ecosystem. It integrates custom-built smart meters to generate RECs; automatically allowing the system registers the energy source, amount, and when it was produced. Through the REC system, users are automatically paid for every kWh they produce.

Team

Rowan Energy Team

David Duckworth is the CEO and Founder. He is an experienced Senior SME with a strong background in networks and firewalls. Previous experiences include stints at Aviva, Bourne Leisure Limited, and Deutsche Bank.

Halam Rose is the non-Executive Director. He is experienced and visionary in software, wireless, and engineering, most recently in IoT and renewable energy. Previous experience includes working as a Technical Founder for Arkessa for 12 years.

Rowan Energy Team

Team members include Sarah Atkins, Martin Hostancy, and Simon Ludlam.

Partners

Rowan Energy Partners

Rowan Energy has strong links with renewable energy-focused companies in the United Kingdom. Partly explaining this are their team members who are domiciled in the country.

Some of them include Ensek, Cambridge Clean Tech, Passive Systems, Quest GLT, DDOS-Guard, Crypto Village Accelerator, Coin Market Cap, ICO Bench, LAToken, and Probit.

Rowan Energy (RWN) Tokenomics

The RWN is the coins priming the Rowan Energy blockchain. It is used for rewarding energy generators and can be openly traded. The RWN coin is not designed as a cryptocurrency rather, it is a reward for energy generators in the wider Rowan Energy ecosystem.

The coin can be moved to the Rowan Vault, a feature meant to protect fiat investments. Here, RWN is held, immune from unpredictable market rates, with a fixed predictable interest. Holders who add funds to the Rowan Vault must first indicate the fiat value and interest rate will be at a fixed interest based on fiat value, not the prevailing RWN market rates. Holders generate a daily return of 0.15 percent, compounded until cash out.  

Additionally, there is a Rowan Energy staking product meant to increase RWN holdings over time. Through to the end of 2020, it will attract a daily interest of 0.1 percent available through the site’s web portal and their mobile applications. 

Rowan Energy IEO

The RWN Pre-ICO started on June 22, 2020, and ended on June 30, 2020. Each token was sold for $0.36

The RWN IEO started on Jul 1, 2020, and ended on Oct 31, 2020, from the LAToken Launchpad. Each token was sold for $0.45.

There were 11 million RWN coins for investors representing 24 percent of the total supply. The hard cap was set at $4.5 million.

Rowan Energy RWN Tokenomics

Accepted currencies were in BTC, ETH, and fiat.

KYC was required and investors from across the globe participated.

Rowan Energy (RWN) Price

RWN is currently trading at $0.0065 from a 24-hour trading volume of $20,559 according to Coingecko. It is down 92 percent from its all-time high of $0.070.

At spot rates, an investor’s ROI stands at X0.01 in USD terms.

RWN is actively traded at Probit where it is paired against the USDT and ETH.

Short-term Catalysts

  • With more adoption, the token will be listed in more exchanges. After the Latoken IEO, the token is now listed at Probit after sharply rising 10X. 
  • Rowan Energy now has agreements in place to onboard 1,000 houses for our solar rewards scheme. Every home adds $7 worth of buy pressure on the exchange per day.
  • Over 10,000 million solar panels are expected to be installed in the United Kingdom by the end of 2020. Rowan Energy is hoping to tap on this growth. Green energy capacity is forecasted to grow to 15,674 MW by 2023
  • As an incentive, energy generators will be paid £0.25 per KWh for the first 100 homeowners in the United Kingdom. By 2024, the project plans to onboard over 30k customers.
  • Rowan Energy is aggressive in their marketing, even advertising in the CoinMarketCap. Besides, the team regularly updates the community. Their CEO often holds AMA sessions.
  • Their mobile applications are live.

Long-Term Catalysts

  • Rowan Energy has onboarded a United Kingdom-based organization planning to run a zero-carbon project. They have offered to give their members RECs.
  • The project is in talks with three venture capitalists and angel investors to take them through the pilot phase before they roll out the project nationally. 
  • Rowan Energy is solving a real-world problem and has so far received support for their innovative products. Specifically, Rowan Energy is at first, fostering a sense of community, and will eventually build a base for owners to earn passive income for their energy generation.
  • The Rowan Vault and their staking service protect market fluctuation and increase RWN holdings, respectively. Through to the end of 2020, users can decent daily returns from 0.10 percent and 0.15 percent. The minimum investment to participate in the Rowan Vault is $100.
  • Rowan Energy has top-tier partners in the United Kingdom, recently partnering with Limtz. They now create a bridge between crypto and traditional currency enabling a seamless experience. Together they have launched the Rowan Energy Debit Card.
  • The network is also decentralized and secure. In August, five more masternodes were added and hosted at four different cloud platforms. With distribution, there is security and robustness.

The beauty of blockchain is beyond decentralization and censorship resistance. Those are its building blocks. 

Astoundingly, in the last couple of months, developments in Ethereum have proceeded to highlight the true gems of innovation through financial products that promote inclusion and distribute opportunity.

Anchoring on decentralization, open finance, or DeFi, has been shaping. It is literally cannibalizing centralized on-ramps thanks to its special open source model and lack of a centralized entity. At the time of writing, over $10 billion worth of value was under management by different financial dApps. 

Although most participants zero in on providing liquidity through automated market making (AMM) protocols, there are exciting developments beyond robo-advisors and yield farming that’s worth mentioning. 

The experimentation of innovative trustless and non-custodial trading portals where users can simply connect their wallets with no KYC demands and hedge their assets is exciting.

The world of DeFi is now expanding and evolving beyond lending and borrowing to more advanced financial products that eliminate intermediation. 

Hegic is one such product.

What is Hegic?

Hegic is introducing an elegant mechanism that integrates the “pool” model for liquidity providers who want to enhance trustless Options trading. 

The Ethereum-based platform is an Options trading portal where traders can engage for profit or directly participate as a liquidity provider for a share of transaction fees. All contracts are created, maintained, and settled in a decentralized manner without third-parties. 

To understand the protocol’s value proposition, one must find and understand the importance of a derivatives–lauded as the Holy Grail in the traditional markets and estimated to hold a notional value exceeding $1,000 trillion. 

In the traditional market, this accounts for trillions of dollars because traders of all forms directly interact mostly with derivatives products which track the performance of the underlying. They could be futures, options, exchange-traded funds, and so much more complex products.

Options are derivatives that give the owner the right but not the obligation to buy or sell the underlying asset. In this case, Hegic seeks to provide ETH options where the holder of the option can choose either to sell or buy the underlying depending on the set conditions. 

The governor will be smart contracts and every detail of the trade will be immutably executed by Ethereum smart contracts.

How Trustless Options Benefit Participants

Often, options tag several advantages for holders. 

Aside from hedging assets—options being used as insurance, ETH options are not only beneficial for speculators (traders) but for miners and others.

For instance, by owning ETH options miners can hedge against their future mining revenue using Put options giving them a right to sell the underlying contract at a given price within a given period. Whales can also hedge against ETH prices if they are unsure of the trajectory of prices by purchasing call options. 

Similarly, traders can protect against their position by purchasing call options when selling ETH in the secondary markets or put options when buying. Also, it can be used to safeguard against damaging relationships. 

Borrowers can get money from their friends or relatives. To shield against price fluctuations and loss of funds, ETH options can be used as a safety net just in case things go haywire.

Hegic options benefit holders who will rely not on third-parties but on Ethereum code for their options to be exercised trustlessly without KYC. Besides, Hegic options can be customized. 

Asset underwriters also earn a decent yield (0.5 to two percent per week—108 percent per annum) when they provide liquidity in ETH or DAI on top of the HEGIC governance token which helps in neutralization risks of impermanent loss. 

Notably—and a big advantage, is that underwriters can be confident of their position because the risk of one position is distributed evenly to all liquidity providers in that pool. 

These providers can be in their thousands as participation is incentivized and premium is shared depending on the amount of DAI/ETH dedicated to the pool. 

This helps to diversify liquidity allocation and makes capital work more efficiently. Additionally, every detail about Hegic premium is on-chain where pricing and settlement is transparent.

ETH and DAI Pools

At the moment, the Hegic ETH Pool is non-custodial and liquidity providers earn premium in ETH. All deposited ETH in this pool are used for selling ETH call options as holders of these options have a right to swap their DAI for ETH at the agreed strike price after expiry. 

In exchange for this right, the purchaser of the option pays a premium. It is this premium which is distributed to liquidity providers at a pro-rata basis when the option expires either within two days, one week, or four weeks. 

Hegic Pools

Also, if the holder of the option exercises his/her right early, they will draw profit from the ETH pool. 20 percent of the ETH Pool will be set aside for liquidity providers who want to exit the pool. However, if at the time the set amount isn’t enough, the provider must wait until after there is enough liquidity or when the pool receives more ETH from options expiry.

Conversely, the DAI pool is for DAI liquidity providers and is used for selling ETH put options. That is, this pool is for traders who want to purchase puts where providers supply their share of DAI for writeDAI tokens indicating their share of the pool. 

ETH put options buyers pay for a right to swap their ETH for DAI from the pool at the strike price at expiry. Like the ETH pool, liquidity providers share premium denominated in ETH and only 20 percent of the amount of DAI in the liquidity pool is available for DAI liquidity providers who wish to exit their position.

On 10/10/2020, the DAI pool will be deprecated for ETH and wBTC bi-directional pools.

HEGIC Tokenomics

The HEGIC token is an ERC-20 utility token used for distribution of 100 percent of the settlement fees between all the token holders. Transaction fees accumulated are distributed to all HEGIC holders every quarter.

Holders can participate in governance to determine things like rates, settlement fee sizes, strike price multipliers, or the type of assets supported.

Its main value proposition is for users of the protocol, that is, liquidity providers contributing funds to DAI and ETH protocols, writers. 

HEGIC token holders receive a 30 percent discount when purchasing contracts exclusive of settlement fees which is determined by the Ethereum network—highly dependent on prevailing Gas fees.

Overly, there will be 3,012,009,888 HEGIC tokens. This will be distributed as follows:

In the first epoch, 10 percent will be allocated to a DEX for HEGIC liquidity. Funds generated will be channeled to the Hegic Development Fund (HDF) where specifically it will be used to pay for auditing the contract and to further develop the protocol. 

The “the historical trading volume of HEGIC token on decentralized exchanges should not be less than 10% of the new capitalization level that has been reached (to eliminate the HEGIC token price manipulations to unlock new tokens)”. 

By the seventh epoch, the development team hopes to offer each HEGIC token at $332,000 for a market capitalization of $1 trillion. 95 percent will be distributed to token holders and the remaining five percent to the HDF.

40 percent of the total supply is set for liquidity mining and utilization rewards. Also, a maximum of 3,000 staking lots will be allowed.

Overly, tokens will be distributed as follows:

  • 20 percent is set aside for early contributors (vested)
  • 10 percent will be for the development fund (vested)
  • 40 percent to liquidity and rewards
  • 25 percent will be distributed via a bonding curve
  • Five percent for the balancer pool

HEGIC Market Performance

HEGIC price chart

The total market cap of the HEGIC token is $9,528,870 drawing a daily trading volume of $664,640 from the current circulating supply of 89,787,658.

At the time of writing, HEGIC was changing hands at $0.106 down from its listing price of $0.171 according to Coingecko.

HEGIC rose to an all-time high of $0.258 on Sep 12 before tanking to $0.043 on Sep 21.

Uniswap is the dominant market where the token is paired against ETH. Other notable exchanges supporting the coin include Bilaxy, Hoo, and Balancer.

HEGIC Markets

Short-Term Catalysts

  • Stakers with 888.000 HEGIC tokens and over can begin earning the full 1% settlement fees in WBTC and ETH accumulated by the protocol’s staking contracts. 
  • I have been tracking wallets and found that BIG DeFi whales who were early and became rich on the SNX, YFI and LEND bull run last summer are accumulating a staking lot of 888.000 tokens. Some already done so which makes it very bullish that early tech adopters endorse the project with a fair amount of money. (a staking lot is now worth $88.000)
  • The UX is easy to use, an advantage especially for traders who want to trade without prior experience.
  • Trading Options in Hegic is flexible and traders determine their own terms. Depending on the risk profile, a trader can choose any of the five expiry dates, strike price, and other variables without shifting tabs.
  • Trustless derivatives platforms are being developed and Hegic is unique in their under-writing styles translating to better capital efficiency due to asset pooling. Basically, one doesn’t need to wait to sell the option. The contract can be closed anytime even before expiry date which can be anywhere between two days, one week, two weeks, three weeks, or a month—28 days.

Long-term Catalysts

  • The idea of trading decentralized derivatives without totalitarian central entities dictating terms will soon catch up. What’s more, there is no KYC and participation is incentivized meaning LP earns more funds.
  • The introduction of Bidirectional ETH and WBTC Liquidity Pools on Oct 10 minimizes LP’s risks and makes the system more robust since it can withstand a bearish or a bullish market.
Hegic New bi-directional pools
  • HEGIC tokens continue to be listed in leading DEXes. Balancer and Uniswap are already dominant markets for HEGIC. Soon, CEXes versions will support the token, deepening its liquidity. In the medium term, the team looks to create more markets for HEGIC token.
  • There is more liquidity now that in-the-money contracts can be re-sold in the secondary markets. In the first iteration, it wasn’t possible to resell meaning circulation in the secondary market was harder.
  • The Hegic code has been audited by PeckShield rectifying previous exploits that saw funds lost and premium distribution affected.
  • Hegic’s Wrapped Bitcoin (WBTC) and ETH will provide more options for traders.
  • Developers want to expand Hegic Protocol’s features to beyond trading options. By November, the team plans to launch Autonomous Hegician (AH) for automating the exercising of the in-the-money options contracts. The ETH and WBTC Hedge Contracts by yet another Hegic developers will see options contracts position hedged against volatility.
  • Hegic protocol will eventually provide an insurance cover against losses via existing DeFi protocols like Nexus Insurance.
  • Automatic price feeds for implied volatility determination will soon be drawn from Chainlink instead of being manually generated. 
  • Eventually, the control of the protocol will be via DAO where use and voting by HEGIC holders will determine the trajectory of the dApp.
  • Finally: I think one of the most important features that many have forgotten about is that the team behind the protocol is anonymous and therefore there is no single point of attack like with satoshi and bitcoin. Anons have a bad rep lately but this team proved many times they are here to build. My view is that many of the so called “DeFi” projects will get in trouble with strict financial regulation and this makes them no different than their centralised counterparts. Hegic Protocol, like Bitcoin, is the most robust because of this. This will matter in the long run and only smart money sees this as of yet.

Open Finance inevitably promises to port traditional finance to the blockchain. As it does that, the middle man, that is the expensive custodian, is eliminated. It will be interesting no doubt. And it has been interesting. 

According to Defi Pulse, different open finance dApps hold as collateral over $9.6 billion in ETH. And this is in Ethereum alone. 

There are other emerging DeFi dApps in Tron—with the highlight being the recent listing of JUST stablecoin, and there are other interesting developments in periphery networks like the IOST. 

Decentralization and Liquidity in DeFi

Underpinning their objectives is the community’s strong desire to create opportunities for coin and token holders to either diversify their income streams through lending and borrowing to build on more opportunities, or to build liquidity for emerging but high potential tokens.

For this to be smoothly executed, there must be a reliable platform for exchange. That is, coin holders, say ETH, can swap their tokens for others. In this case, it can be for a DEX token say Bancor or others. Over and above everything, this execution must be smooth and there must be modes through which there is liquidity for the second pair. 

In DeFi, such exchanges are done via a decentralized exchange (DEX). Since the latter function without middlemen and the owner retains full control of their funds, there is security. However, the only weakness DEXes have is their liquidity which lags CEXes which are honey pots but scalable than the former which relies on the scalability of the underlying blockchain.

Most DEXes are active in Ethereum. Second, they employ different auction styles to strike a balance between incentivizing liquidity providers and to ensure transactions are executed fast without wide slippages. 

Uniswap is a prime example. While it has an attractive automatic market-making (AMM) that has been a source of inspiration, there are upcoming swapping platforms that seek to change all this by changing auction styles.

Auction Types and why they are important in DeFi

Auction styles come in different flavors. A DEX can opt for the ascending bid auction—or the English auction, where the auctioneers state their bid from a reserve price (the lowest price). The highest bidder wins. 

The Dutch auction is the opposite of the English auction. The Auctioneer starts at a high price and decreases their bid until a bidder calls out. This auction’s advantage is speed. 

The first-price, sealed-bid auction is closed with no free flow of information. Bids are placed in an envelope, sealed, and later reopened in the presence of all bidders. The highest bid wins. The Vickrey auction is similar to the first-price-sealed-bid but instead, the item is offered at the price of the second-highest bidder.

Regardless of the auction type employed by a DEX, their overarching objective is speed and efficiency. These two determine the prevalence of arbitrage. Arbitrage, when exploited effectively is a money-making opportunity. 

In DeFi, this has been the perfect fertilizer for Yield Farmers who trade between different protocols to exploit gaps, earning generous profits through protocol inefficiencies. 

These differences are what make DeFi interesting, gifting the space current market capitalization.

Introducing Bounce Finance

Swapping should be done in a competitive environment preferably with a limited supply of tokens and set time. In this case, a modern-day, adaptive auction should exist to make swapping competitive. The Bounce Finance creators want to build a new auction framework specifically tuned for DeFi.

Consequently, they have borrowed some features from Uniswap and Yearn Finance but with some twists especially in governance and in liquidity mining.

How it Works

To get going, there must be a pool but the pool creator is in charge of proceedings. He/she, for instance,–and being the creator, sets operating parameters like the number of tokens to be swapped, the maximum amount of ETH—being an Ethereum-based project, accepted for the swap, the duration of the pool, and the pool type of his/her preference. 

Bounce Token BOT

Swapping tokens in the Bounce Finance can be in two ways:

The Fixed-ratio swap: Here, the swap ratio between a pool’s creator tokens and ETH is fixed at all times—that is there “same swap rate across pool live time.” In this arrangement, the user will receive their bid tokens only after his/her ETH transaction is confirmed. There is no need for both parties to wait until the pool closes. Transaction fees was re-adjusted to one percent.

Dynamic ratio swap: Here, the swapping ratio depends on the amount of ETH and the number of tokens in the pool. Users and tokens receive their assets only once the pool closes. The final swap rate is determined depending on whether the bounce level is reached. Swapping in these pools draws fees between 1.5 to 2 percent.

Once any of the four-pool type is created, participants can begin auctioning for the deposited tokens in exchange for ETH. Swapping is executed before its expiration time ends. 

The swap will be successful if the accumulated ETH less or equal to the bounce level. Should the amount accumulated exceed the maximum amount of ETH collected, the extra is sent back to the sender’s address. 

Competitiveness is automatically ingrained in Bounce Finance. With a predetermined pool allocation and rates depending on demand, its auction type draws speed and efficiency on a first-come, first-serve basis.

Bounce Finance (BOT) Tokenometrics and Distribution

BOT is the Bounce Finance utility and governance token. Its creator said its primary function was to attract new users to the platform. 

The total supply was reduced from 550,000 to 220,000 BOT then to 150,000 BOT in September 2020 after a governance proposal.

This will be distributed in four portions:

  • Daily Reward Distribution: 100,000 BOT
  • Governance vault, Sale, and rewards: 91,500 BOT; 75,000 BOT will be in the governance vault controlled by a multi-sig wallet with 9 signers. Six are needed to open the vault. Original members of the Bounce Finance team won’t be part of any signers.
  • Team: 16,500 BOT
  • Early experienced governor invitation: 12,000 BOT

NB: a big portion of their daily reward will go for liquidity miners at 60 percent, the rest will be distributed for governance voting at 20 percent, while the Uniswap liquidity provider tokens will be set at 20 percent of the daily emitted rewards.

To make this possible and easy for miners, a Uniswap section under bounce token for staking Uniswap LP tokens has been created.

Besides, two percent of the total supply is reserved for people who make proposals. Other participants will share 98 percent of the governance daily rewards.

Uses of the BOT token

  • Payment of the 0.2 percent transaction fees
  • A governance tokens used for voting changes on how the protocol works, total supply, and more
  • Staking for transaction fee rewards where participants will earn the yield pools.

Every day, 32 BOT tokens (slashed from 300 BOT) is set aside for liquidity miners until the amount set aside for liquidity mining runs out.

Miners have to actually work (pay for Ethereum gas and platform fees) to create new BOT tokens every 24 hours cycle and this brings a base value for every BOT to be created. You can compare this to mining new Bitcoins and it bring new liquidity to the market and makes this a very fair token distribution compared to most not so decentralized token launches.

Technically, for one to create a bounce token pool, a fee denominated in BOT has to be paid (helping draw demand) but will be burnt—destroyed—once the pool closes.

DYNAMIC BOT staking

Like in all other swapping pools, a transaction fee is levied. In Bounce Finance’s case, the 0.02 percent fee is only charged on the pool creator and re-directed to a staking pool.  However, the intention of this staking model is for flexibility of staking assets and for more on-chain computation of staking rewards.

Staking rewards are then calculated in a cycle basis where earnings can only be claimed after participating in a complete cycle.  All rewards will be distributed based on the amount of BOT staked in that cycle and the total amount of staking rewards (in ETH) in the staking pool at the time. When claiming rewards, ETH will be instantaneously used to buy BOT via Uniswap.

All requests for un-staking BOT token is processed within a week to prevent elements from gaming the system.

Read more about staking on their Medium page

Market Performance

Nonetheless, it has been one of the top performers. Trading at $367, the token continues to flactuate, down 63 percent from its all-time high of $956 it reached on Sep 10.

Bounce Finance Token Price chart

BOT is listed at Uniswap V2, Huobi Global, OKEx, BKEX, and others. The BOT/ETH market is liquid.

 Bounce Finance Token (BOT) Markets

Short Term Price Catalysts

  • BOT is already up from it’s all time low of $94 and is just on the market for a few weeks now. This highlights the level of demand from the users who want to boost the liquidity of tokens—just like they would in Uniswap, but at the same time ready to pay low fees and earn extra BOT tokens. BOT is now trading at $367 with an average daily trading volume of $2,276,363  Coingecko.
  • Upon launch, the Fixed Type pool attracted over 800 ETHs in trading volumes pointing to underlying demand. So far, there are over 2,300 unique addresses holding the BOT token according to Etherscan.
  • BOT liquidity has tremendously increased in the last two months and staking rewards are now in BOT (not ETH) as it was originally.
  • For user experience, the development team is constantly improving its interface. Bounce Finance ‘s main-page is now multi-lingual, supporting Cantonese.
  • Like Uniswap, projects are now beginning to list and distribute their tokens from Bounce Finance. Then there is the Keysians Network (KEN) which wants to financialize the blockchain network. Before this, there was StrongBlock (STRONG). The latest was Prometeus (PROM). At this pace and because of auction models (for individuals and projects) enabling competitive bidding, it may soon be a preferred platform for Initial DEX offerings (IDOs).
  • BOT token has been listed in OKEx, Huobi Global, and Uniswap V2
  • Bounce Finance has been integrated in the Binance Smart Chain saving users of high Gas fees in Ethereum. 30 percent of the mining allocation (which is 15.36 BOT per day) will be allocated to Bounce’s Binance smart chain daily rewards, and this percentage can be changed by governance. Swapping fees will be 0.25 percent.
  • Bounce Finance is deflationary and has introduced a new emission model where daily rewards were slashed from 300 BOT to 150 BOT to later 32 BOT. With deflation there is demand which is bullish considering how the total supply was also dropped from 550,000 BOT to 150,000 BOT after a token distribution revamp in late Aug.

Long Term Price Catalysts

  • To drive demand for BOT, users can now create pools that are only available for BOT holders.
  • The co-founder–Chandler Song who is also the CEO of ANKR, is not motivated by money, but mostly wanted to see if they could build a new type of decentralized financial products. He is guided by a clear philosophy, building as DeFi scene evolves. There are no unrealistic roadmaps and he says depending on where the industry goes, Bounce Token will evolve and become more adaptable.
  • There is distribution and daily emission rates can be changed following a vote when the governance board is live. Eventually, the governance of the Bounce Finance will transit into a DAO as the creator also plans to reduce sale of tokens through the governance invitation sale. The first auction will see the auction of 15000 BOT tokens through multiple sealed-bid auctions with the floor swap ratio of 1 ETH=6 BOT. Subsequent sales will see funds channeled to the vault.
  • Bounce Finance is on a path to change how auctions work. They are simultaneously blending features in Uniswap and other leading swapping platforms but remains decentralized and attractive to all set of participants.
  • The Bounce Finance is not a money printer and doesn’t intend to print “free money” while also won’t lock user rewards for a protracted period of time. Instead, their dynamic BOT staking where transaction fees charged on pool creators are re-directed to a staking pool without affecting participants.
  • For effective governance, the Bounce Finance has incorporated two types of governance. Submission of proposals and voting can be done on-chain for transparency. Professionals who are part of the Bounce governance board include Kain Warwick, the founder of Synthetix, the head of strategy at compound, and other heavy weights in the DeFi scene.
  • To weed out scams and to highlight conflicting issues, the protocol is reliant on its community voices via a Social Trust.  Only those with at least one percent of the total supply can suggest proposals which can be voted on by the community with a seven-day voting period while those with at least 0.5 percent of the total supply can recommend projects. The 0.5 percent by the proposer will be staked for seven days.
  • The team is building a new auctioning framework where all manner of projects can sell their tokens as they wish. As such, the team plans to integrate a reporting system in which the governance board can give credibility to some projects and deter malicious elements from leveraging their auctioning system.
  • They are taming whale activity. To ensure fairness and decentralization in the spirit of DeFi, the founder initially passed a change that caps max swaps at 80 ETH. Any amount larger than this will be considered a single transaction. This way, the cost of transaction will be much higher for wash traders eager to only earn BOT rewards but not contribute to pool liquidity. Later, rewards will be based on the number of transactions, that is, transaction count, instead of total ETH.
  • The developer has also an anti-scam policy which is inevitable in decentralized, open source systems like the Bounce Finance. This goes a long way in improving user experience which is a net positive for DeFi as a whole.
  • Bounce Finance is guarded by always creating scarcity of resources, a factor that also influences price and a diversion from Uniswap’s model. By introducing time element and fixed volumes in every swapping cycle, there is competitiveness which in turn rewards hard work. That is, traders who use the platform to swap their tokens for others.
  • The creator continues to build and improve the protocol. From a basic interface, the platform’s interface is now more attractive, complex with advanced features such as portals where a pool creator can choose to open a pool for BOT holders.
  • Different auction pools have been released and Bounce Finance is gravitating towards Non-Fungible Tokens (NFTs) which are immensely potential and under-explored.

The backbone of blockchain is innovation. Blockchain does everything to rid the middleman. The manager. And decentralized autonomous organization (DAO) expeditious. 

It may have been the reason why Ethereum forked in the first place but the scene has grown by leaps and bounds. At the center of a DAO is to eliminate the manager by basing decisions on the blockchain. This means there is decentralization and the community members have to say through popular vote. 

DAO automates the management and all executing conditions are pre-written on code. The idea of such self-executing management was made possible in Ethereum and it isn’t surprising that most are found in Ethereum. 

DAOs establish companies that manage themselves without hierarchical management. 

Decentralized Autonomous Organization (DAO)

For a successful DAO, there must be strictly adhered rules. Once their rules are defined, they are ported over to a smart contract which then works autonomously, self-executing as specified. 

Thereafter, DAO enters the funding phase—gifting the DAO property and investors vote to determine when called on the direction of their virtual company. 

Funding paves way for deployment resulting in a completely transparent and open-source blockchain-based company whose operations are immutable and incorruptible. 

Smart contracts fuel the system and investors have voting rights where consensus leads to tweaks on the open-source code or addition of more assets and so forth.

A well-executed forth means a person anywhere in the world can invest or receive money for their proposals or needs. And Dxdao exemplifies how a DAO should operate.

What is Dxdao?

The successful project describes itself as a sovereign collective of people keen on seeing the Ethereum financial ecosystem flourish. 

The Dxdao has total control of the on-chain and permissionless DutchX trading protocol, a DEX where anybody can list a token, as a starting point. DutchX uses the Dutch auction principle.

Dxdao Features

As a Gnosis-lead initiative, it was launched in May 2019, it has over 400 unique stakeholder addresses, operating with their eyes focused on the price: open finance, or DeFi. 

DeFi is an emerging field that has generated buzz in the crypto world. The goal of DeFi is to port over financial operations in the traditional market to the blockchain enabling trustless lending, borrowing, and exchanging of digital assets. Most DeFi dApps are active in Ethereum. At the time of writing, over $4.4 billion of ETH was locked by different applications as CDP collateral.

Dxdao currently owns over $10,000 worth of an array of valuable digital currencies including ETH, DMM, and more. However, they plan to diversify its revenue by launching services from the eight ENS services under their control. They have already launched mesa.eth.link as a front end of the Gnosis protocol DEX. Moreover, Dxdao is working on a privacy-centric DeFi dashboard. 

Dxdao develops, governs, and grows DeFi protocols and products. Since they are also involved in maintaining the DutchX trading protocol, governing the DMM, and developing the mix.eth—a private and secure portfolio tracker, a public OpenRaise campaign was recently approved to bootstrap these concurrently efforts. 

With over 400 “reputation holders”, this DAO is governed squarely by the community. There is no middle man. 

Its ecosystem is oiled by DXD, an ERC-20 compliant token of which its owners have an economic claim of Dxdao revenue. Herein, the proportion of Reputation relative to the collective Dxdao reputation determines its weight. The higher, the stronger the voting power. 

DXD versus the Reputation Token

A strict distinction must be made between DXD and Reputation. The latter is a governance mechanism that controls Dxdao. It is non-transferable and is attached to a staker’s Ethereum address. 

Owners of Reputation have an implicit duty, a right to govern, and direct the collective. 

Also, Gnosis Limited is not part of Dxdao (they stepped back from the project in July 2019) and is open for contribution from all.

Voting power is based on the participants staking ETH or ERC-20 tokens, trading on the DutchX exchange, or bidding on GEN—which is a DAOstack token. ERC-20 tokens eligible for bidding are those already listed at the DutchX exchange like DAI, LRC, and others. 

Depending on the amount locked (30 days), a user’s reputation will be assigned proportionally to the amount others stake, bid, register Magnolia tokens (MGN), or increase awareness of Dxdao through social media. 

Voting on proposals is through the platform’s DAOstack’s alchemy interface and holographic consensus designed to process high volumes of the decision while safeguarding against proposals or values that go against the majority. This way, there is a balance between efficiency and resilience. In some cases, proposals can pass by a general majority but in other cases, an absolute majority is needed. Nevertheless, Dxdao coalesces around ideas and strikes to achieve rough consensus through off-chain means like weekly calls and other means.

Reputation is owned by Ethereum addresses that collectively control the set of smart contracts and the projects that administers it. 

Besides, ownership of DXD means owners have access to a future suite of services offered by the DAO. Additionally, there are other premium features that owners are entitled to like gasless transactions, feeless anonymizing of digital assets, and lower fees when transacting of DeFi protocols.

Partners

Dxdao partners include ConsenSys, Gnosis, Maker, DMM, Loopring, and more are expected.

Dxdao Tokenomics and Distribution

Aforementioned, DXD is the ERC-20 economic token. Owners of this token mean they can gain depending on the success of the DAO. 

DXD is offered through a continuous fundraiser. Simply, buyers of DXD are funding the effort of Dxdao for a right to future cash flow. 

The only accepted coin is ETH. 

DXD will be distributed according to a positive and linear bonding curve (which acts as an automated market maker and governed by the algorithm fused into the project’s smart contract). 

But there is an initial Kickstarter period where DXD will be sold for the same price before the curve slants positive. The Kickstarter period was concluded in May 2020. The 250 ETH was raised (5,040 DXD tokens sold) in less than 24 hours. 

The bonding curve was set that once 12,000 DXD are sold, the Dxdao would have received $300,000 worth of ETH. 10 percent of this will be set aside for liquidity as reserve percentage (for sellers wishing to liquidate their DXD). 

The reserve will be increased over time since 10 percent of the revenue generated will be used to supplement those in the reserve in the next five years. 

Gradually, this will increase the value of all outstanding bonding curve tokens. As per the curve, newly generated tokens are more expensive than the previous batch. Owners can sell DXD as per dictates of the bonding curve though at a lower rate. 

In total, there will be 100,000 DXD of which Dxdao will vest monthly over 3 years.

DXD Markets and ROI

Dxdao DXD prices

At spot rates, DXD is trading at $149, adding 64 percent in the last trading month translating to a market cap of $3.7 million. Its all-time high was reached on Aug 9 when prices soared to $182. DXD all-time low stands at $24. 

Dxdao DXD Market

Uniswap is the most dominant DXD exchange with a 68 percent market share. Others are IDEX and Balancer where all are paired against ETH.

Short Term Catalysts

  • There is a lot at stake for Dxdao. There are fewer than 2,000 unique address holders of DXD tokens. This is despite what the project presents and what they seek to resolve. 
  • With a bonding curve and the Kickstarter period complete, it is expected that as demand for DXD rises so will the value of token holders. The earlier one invests, the more their ROI within the short period. Dxdao only seeks to raise $300k worth of ETH. $10k of those will be used for liquidity.
  • At $3.7 million and each token changing hands at $149, it is by all measure undervalued. This means there is a chance for further upsides as tokens will continue being generated as per the dictates of the bonding curve.
  • More exchanges plan to list DXD. Voting is ongoing for a possible listing at KuCoin. Other exchanges may follow even if DXD is designed primarily to oil the DeFi ecosystem.
  • Dxdao is supported by other big projects including ConsenSys and Gnosis. The idea of a super-scalable DAO of which was implemented through Dxdao was Gnosis’ original idea.
  • All revenue generated from the DAO’s projects including Mix.eth, Omen.eth (a decentralized prediction platform built on Gnosis conditional token system), Mesa.eth (which is a critical DeFi infrastructure), goes to DXD holders. These three projects, if they pick up will end up generating decent revenue for the DAO and by extension, DXD holders.
Dxdao products

Long Term Catalysts

  • The eventual launching of mix.eth introduces a DeFi service with mixers incorporating Loopring’s zkRollUp DEX protocol. This means there is anonymity and exactly what DeFi investors want from a usually transparent ledger. Overly, this drives utility for DXD.
  • DAO is still very green but a critical cog to keep for DeFi. As the nascent field picks up so will space’s significance. ConsenSys is backing the project and expects Dxdao to be the largest in the world. 
  • The DutchX trading protocol, a donation of the project’s progenitor can be integrated into or with other protocols. The more the adoption, or use in other projects, the higher the demand for DXD.
  • Dxdao plans to fork Uniswap V2, creating DXswap.eth to make the DeFi ecosystem more robust. A successful DXswap.eth translates to more revenue, pumping DXD.

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.