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.

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

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

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

What is VID?

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

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

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

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

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

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

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

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

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

Team

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

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

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

The app source code is private and sealed.

Watch their journey below:

Partnerships

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

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

VI Tokenomics and Distribution

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

VID is used to:

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

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

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

This is the distributing contract: 0x6d1eb783af9Fe65b4CD826e1cf629b4618a4bBdB

Check out via Etherscan here.

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

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

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

VI Markets and Performance

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

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

Short-term catalysts

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

Long-Term Catalysts

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

Catch Major Price Moves with MarketWizard App

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

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

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

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

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

What is the DeFi Money Market (DMM)?

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

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

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

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

DMM Market Explorer

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

Chainlink role in the DMM DAO market

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

DMG Assets Characteristics

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

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

Why DMM?

Some key drawers of DMM include:

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

Team

DMG Team

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

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

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

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

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

DMG Investors

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

Partners

DMM Partners

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

DMG Tokenomics and Distribution

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

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

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

DMG Tokenomics and Token distribution

DMG tokens are distributed as follows:

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

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

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

150 million of DMG tokens are vested

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

Funds Distribution

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

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

DMG Market Performance

DMG market performance

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

DMG Markets

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

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

Short-Term Catalysts

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

Long-Term Catalysts

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

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

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

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

What is KardiaChain?

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

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

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

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

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

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

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

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

Primarily, KardiaChain comprise:

1.     The Kardia Unified Smart Contract Language (KSML)

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

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

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

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

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

2.     The Adoption Decentralized Application (ADAPP)

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

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

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

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

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

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

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

The Team

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

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

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

KardiaChain Team

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

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

KardiaChain Advisors

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

Partnership

KardiaChain Partners

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

KardiaChain (KAI) Tokenomics and Distribution

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

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

Specifically, KAI tokens are used for:

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

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

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

KardiaChain Token Details

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

KardiaChain Token sale results

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

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

This is how KAI tokens are distributed:

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

KAI Market Performance

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

KardiaChain (KAI) Price Action

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

KardiaChain ROI

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

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

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

KardiaChain (KAI) Markets

Short-Term Catalysts

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

Long-term Catalysts

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

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

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

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

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

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

What is the Dev Protocol?

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

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

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

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

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

Working towards Sustainability

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

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

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

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

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

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

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

These are the Three Main Features of the Dev Protocol

The overall design of the Dev protocol is as follows:

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

The Team

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

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

Tokenomics and Token Distribution

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

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

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

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

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

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

DEV Markets and Performance

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

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

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

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

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

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

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

Short-Term Catalysts

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

Long-Term Catalysts

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