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A ResearchAndMarkets.com report projects the global supply chain industry to reach over $37 billion by 2027, growing at a CAGR of 11.2 percent from 2020.

There several contributors to this rapid expansion. One of them is definitely from the client’s side, the facilitators, and the rate of technological innovation.

But primarily because of technology and the growing needs from all participants—especially clients demanding better transparency, supply chain, as an industry, has posted giant leaps in the last few years.

Why not? Supply Chain is, after all, the primary cog that makes the economic wheel move.

Without an efficient way of moving products from producers/manufacturers to consumers, there wouldn’t be an economy and prosperity.

Technology as a Shaper of Supply Chain

Therefore, that technology is a catalyst and one of the primary drivers that form a big part of the Supply Chain–as an industry– is no surprise.

There could be better transport management systems and other forms of technology agitators, but blockchain takes the mantle.

Specifically, the level of transparency and improved efficiency, especially riding the cost of intermediation, is superb and precisely what market participants were calling for. Businesses are now increasingly merging their operations with solutions reliant on public ledgers for an edge.

This arises from the level of complication from current Supply chain management (SCM) software. Although these solutions introduce better management of supply chain processes, adopting enterprises are concerned about privacy concerns.

Introducing Obortech

For this reason, the quest for decentralized options continues to gain traction.

And this is where Obortech steps in.

The creators of this project are laser-focused, looking to resolve a significant pain point that hasn’t been sufficiently addressed.

What does this mean?

Obortech is building a smart hub to enhance collaboration using decentralized rails. In essence, the solution introduces better transparency for market participants involved in the supply chain.

Obortech Home

Their central product is the Smart Logistics Hub powering the fully digital ecosystem required for a user’s supply chain needs. Through this hub, technical barriers are eliminated, making the process simple but also in a manner that sparks collaboration without compromising privacy.

Some of this hub’s benefits include:

  • Better transparency due to blockchain traceability and provenance. This is made possible because the underlying blockchain depends on the broader community for activity and security. Public participation enhances transparency which makes it easy for product provenance.
  • Provenance, traceability, and better product visibility also mean low cases of disputes. Most of them are resolved because data are accessible in real-time.
  • Because of better traceability and product provenance, clients and facilitators on the ground can easily make plans, tapping on improved visibility of the supply chain process.
  • With better planning, there is a better fleet management and increased operational efficiency.
  • As a result, visibility and transparency act to widen market access, building trust among participants, which are the basic building blocks needed for building stronger customer relationships.

Features of Obortech’s Smart Hub

The Smart Hub, the primary product of Obortech, comprises of:

  • A communication hub powered by the blockchain and cloud: This is the heart of the Smart Hub, enabling data sharing, analysis, collaboration, and product traceability in real-time via a trusted platform. The hub consists of an API and is accessible from mobile and desktop interfaces.
  • A Tamper-proof document exchanger where participants can confidently share and exchange data without compromising key details. For instance, within the Smart Hub, authorized agents can access documents, track changes, and identify those who made them. All this is in real-time as the product moves across different stages in the supply chain.
  • An Internet-of-Things Tracker transmitted from IoT trackers installed in transporting containers. Critical data will be available, accessible in real-time for information or analysis, from the Smart Hub dashboard. This is important, especially when tracking valuable or delicate shipments where monitoring in real-time can make all the difference.
  • A decentralized marketplace that is accessible to ecosystem participants. From the marketplace, it would be easy to score others, effectively creating a reputation system. At the same time, out of the marketplace, participants can trade services without an intermediary, saving time and resources.

The beauty of Obortech is the decentralization of control. Ecosystem participants are the ones directly in governance.

However, this doesn’t mean every person is free to join a private supply chain network.

For that access, one ought to be invited. At the same time, the in-built reputation system ensures members comply with existing rules.

The Obortech Team and Partners

Established entrepreneurs lead the Obortech team. Some of them are:

Obortech Team
  • Tamir Baasanjav—the co-founder, is a project management and communication specialist.
  • Enkhbat Dorjsuren—the co-founder, has over 20 years in transportation and logistics. He is the CEO of Mongolia Express LCC—one of the biggest logistic companies in the country.
  • Tungalag Sukhbat—is the CFO. She has over 20 years of experience in investment. She is a certified CFA.
  • Zoljargal Dashnyam is the project’s Chief Counsel, experienced in corporate law and equity. She got her master of law from Harvard, and she is a top-tier lawyer in Mongolia.

What stands out about Obortech is the quality of its partners.

Obortech Partners

For example, already, they have a deal with the Government of Mongolia.

Other quality partners include:

  • Mongolia Express—one of the largest logistic companies in the vast country.
  • The Alliance for the Internet of Things Innovation—joining IBM, Orange, and IKEA.
  • The Intermodal Solutions Group
  • The Dutch-Mongolian Trade Office.

What’s more?

The blockchain-leveraging company already has accolades, named the “Company of the Year for 2021” by the Logistics Tech Outlook.

Obortech Tokenomics and Market Performance

Central to Obortech is the OBOT utility and governance token.

The token is minted on Ethereum, complying with the ERC-20 standard.

OBOT is for:

  • Making transactions
  • Reward distribution—directed from their performance ratings
  • General governance where token holders can vote on project proposals
  • Escrowing contract bonuses
  • Launching crowd-funding activities within the ecosystem
  • Exchanging services on the Obortech marketplace

According to Etherscan data, there are 300 million OBOT tokens as total supply.

Obortech Etherscan

At the time of writing, there were only 546 holders.

OBOT distribution is as follows:

Obortech OBOT Distribution
  • 34 percent to platform development
  • 32 percent to marketing activities
  • 16 percent to operations and administration
  • 12 percent to Research and communication
  • Six percent to Legal and Business Development

Thus far, the project has raised $440k.

  • Twenty-five million OBOT tokens were allocated to the private sale, where $200k was raised. Each token sold for $0.008.
  • Ten million OBOT tokens shifted to the public sale raising $220k—done via Probit. Each token sold for $0.024.

More stats from Coingecko shows 100 million tokens were released as circulating supply.

Obortech Price Action

At spot rates, OBOT holders from the private sale have posted a 2X ROI. However, those who participated in the IEO are still in red.

Obortech ROI

OBOT, trading at $0.0165, is down over 80 percent from all-time highs of $0.098804 registered in early May 2021.

At this price, OBOT has a market cap of just $1.65 million.

The token can be purchased and traded via:

  • Uniswap
  • Probit

Obortech (OBOT) Short-Term Catalysts

  • OBOT is a relatively new project but commands a decent market cap of $1.65 million—suggesting value flow.
  • The Obortech project plans to solve a significant pain point in supply chain. It is an industry worth over $20 billion. Yet, with a market cap of just $1.65 million, OBOT appears to be grossly undervalued. Using the Smart Hub, the project aims to disrupt the multi-billion markets, transferring value to token holders.
  • Already, private sale participants have doubled their investment even though the token is down over 80 percent from peaks.
  • OBOT is only available for trading at Uniswap and Probit. However, once exchanges realize the project’s value proposition and partners’ quality, they won’t hesitate to list, driving the token’s value up.
  • Roughly half of OBOT tokens (130 million) will be locked for two years on top of the 70 million that’s already locked. This translates to scarcity. Besides, they plan to introduce burning, further taking more tokens out of circulation.
  • OBOT visibility continues to increase. Listing at Coingecko makes it easy for token holders to track performance, while being mentioned by Forbes is perfect for credibility.
  • OBOT was one of the top performers in June 2021. Triggers included the OBOT farming program on Uniswap.

Obortech Long-term Catalysts

  • Considering what the project brings to the table, Obortech won the “Company of the Year for 2021” by Logistics Tech Outlook magazine.
  • Obortech is advised by El Ewers of Potrero Capital—one of the founders of the Silicon Valley Blockchain Society. The team banks on the firm to open up investment from Silicon Valley multi-billion firms or founders.
  • The quality of the team can’t go unnoticed. Obortech executives are experts in their field. Their experiences would drive the project forward.
  • Obortech is already working with the largest logistics company in Mongolia—the Mongolia Express—and collaborates with the government. The blessing from authorities is a huge endorsement that would potentially open up infinite opportunities.
  • The project is flexible, blending aspects of DeFi (marketplace for service exchange), a reputation system, IoT, AI, and Data Science while preserving privacy in a transparent blockchain. All these make Obortech unique.
  • Obortech smart contracts are audited by CertiK--a leading blockchain security firm.

Crypto is a mark of innovation, a move away from the stasis decay. Funny enough, before the concept of blockchain and the demonstration of Bitcoin, the traditional finance system had been using the same rails with minor upgrades for over 30 years.

With crypto and Bitcoin came smart contracting and now decentralized finance, simply DeFi. The asset class can be traced back to the emergence of dApps in 2017, with only a few projects ambitious to cause a paradigm in finance. Fast-forward three years later, and DeFi protocols lock a whopping $27 billion in Ethereum alone.

What is DODOEx?

Of this, there is DODOEx, a token swapping protocol with an innovative order matching algorithm. Most people think of DEXes and Uniswap, DyDx, and others come to mind. However, DeFi and swapping dApps are diverse and have various mechanisms to address identified loopholes.

But what exactly makes DODOEx different? After all, it is a trustless swapping protocol running in Ethereum. Why not use Uniswap instead?

This lies in their main objective and their ways of ensuring liquidity providers have a fair deal.

DODOEx is an on-chain liquidity provider on Ethereum that uses the Proactive Market Maker algorithm (PMM) for on-chain, fast contract-fillable liquidity for everyone.

DODOEx

PMM leverages price oracles for accurate market prices as input and aims to provide enough liquidity near the market price of any listed asset ensuring the constant provision of liquidity.

The community will eventually control this protocol via three DAOs:

  • The Admin DAO is the absolute mediator of all issues.
  • The Risk Control DAO supervises and deals with all risk-related events.
  • The Earn DAO to distribute revenue to the maintainer.

The Admin and Risk DAOs both have A-level authority. That is, they can freeze transactions. However, all actions of the Admin DAO must go through a complex governance process.

Why DODOEx?

From this, three things emerge:

  1. DODOEx is on-chain (like Uniswap) and community-owned.
  2. It uses a new order matching and filling mechanism different from mainstream LP called PMM.
  3. Their contract-fillable liquidity translates to fast and more efficient price discovery comparable to centralized exchanges.

Because the DEX exists on-chain, it also means smart contracts can leverage DODOEx’s liquidity to complete actions such as auctions and liquidation.

Extrapolated, it also means DODOEx accepts LP’s assets, often near market prices, to provide sufficient liquidity while incorporating oracles. The aim? To reduce counterparty risks for LPs by dynamically adjusting market prices to encourage arbitrageurs to step in (and profit), stabilizing LP portfolios.

Subsequently, there emerge several benefits for swappers (users). One is that there is low slippage. Second, there is single asset exposure without minimum thresholds—yes, no pair tokens. Third, there is minimum impermanent loss—that is, losses due to opportunity cost.

With the attraction of low IL and single-asset exposure complete with incentivization for liquidity providers, Liquidity Providers (LPs) can create trading pairs with their tokens without paying listing fees, as would have been the case in CEXes.

Additionally, they can obtain additional liquidity by depositing their tokens without taking on price risks.

Furthermore, from the DEX, projects can crowd-fund through the Initial DODO Offering (IDO) the platform creators describe as a new approach to token issuance.

As mentioned earlier, crowd-funding via IDO is free.

Projects seeking to raise funds have to set the oracle’s price to a constant—that is, the initial offering price, and begin their crowd-funding.

Single-Asset Exposure and Impermanent Loss Mitigation

All they need is their token (an ERC-20 compliant asset is sufficient). Because DODOEx’s PMM eliminates the need for a quote token, all the project needs to do is launch a pool and deposit their token therein.

DODOEx's PMM

The PMM creates the ask side with its depth based on the number of tokens deposited. Buying activity causes the price to rise as the quote token flows into the pool. It is this the influx of quote token inflow that builds the bid side depth.

This benefits the issuing project in several ways:

  • The initial offering price is set without capital requirements.
  • There is sufficient and contract-fillable liquidity.
  • Parameters can be filled as per the issuer’s requirement.

However, basing on the above developments and exciting architecture, it is natural for people to inquire how the protocol balance’s its pool.

This is easy.

Take, for example, the ETH/USDC pool in DODOEx.

The pool is open for everyone, and tokens can be swapped.

DODOEx charges a 0.3 percent ETH as transaction fees for buyers of ETH and 0.3 percent as transaction fees for USDC sellers in USDC with a dynamic adjustment through better incentives (ROI) and arbitrageurs to balance out temporary discrepancies.

Accordingly, this adjustment ensures maximum liquidity near the market price, translating to low slippage. This explains why DODOEx’s trading volumes are consistently above $5 million.

DODOEx Tokenomics and Distribution

DODO is an ERC-20 governance token for the DODO decentralized exchange.

There are 1 billion DODO tokens as total supply distributed as follows:

  • 600 million for community incentives
  • 80 million reserved by DODOEx Foundation for marketing and other operations
  • 10 million for IDO—circulated immediately after crowd-funding
  • 150 million for the team and advisors
  • 100 million for private round investors
  • 60 million for seed round investors
DODO Tokenomics

The token began trading on Oct 1 with an opening price of $0.53, sinking to $0.15 on Dec 23 before rallying to $1.8 on Feb 1.

DODO Price Action

From listing to early Feb 2021, the ROI in USD terms is 3.3X.

The token is currently trading at $1.78 with a $59.1 million market cap, with slightly more than 33 million DODO tokens in circulation.

Besides DODOEx, the token is available for trading at:

  1. Uniswap V2
  2. MXC Exchange
  3. Gate.io
DODO Markets

There are 11 DODO markets, but pairs at the above exchanges have better liquidity.

Short-term Catalysts

  • DODO is up 3.3X in four months, with ballooning liquidity suggesting interest from investors and more utility.
  • The platform is already one of the largest DEXes in DeFi by monthly trading volumes.
  • Trackers are beginning to take note. Coingecko already provides analytics tools pointing to interest from users and the investment community.
  • The DEX is easy to use with an attractive user interface. Together with their offerings—including Gas rebates, it explains the high Twitter following of over 10k.
  • DODO also has a wallet integration with WalletConnect and Portis for easy-of-use.
  • DODO has been listed by one of South Korea’s largest cryptocurrency exchanges—Coinone.
  • Already—outside of Uniswap V2, the token is available for trading at several CEXes, including MXC and Gate.io.
  • The Project is a working solution; solving the impermanent loss project that analysts say is mainly due to the inefficient AMM project. DODOEx’s PMM means providing liquidity without risks of loss due to impermanent loss (IL).
  • The DEX already manages over $27 million in TVL but with better capital efficiency and single-asset exposure.
  • Liquidity Mining will go live in early February 2021.
  • More pairs are being added, with the latest being SNX and more.

Long-Term Catalysts

  • Through the sophisticated PMM, swappers can exchange tokens with low slippage and comparatively lower Gas fees—ETH is in a bull market and explains the abnormally high Gas fees.
  • With backing from Binance Labs, Alameda, Coinbase Ventures, Three Arrows Capital, and Pantera Capital (a serial crypto investor), sooner or later, there will be even liquidity for DODO once listed on Binance and Coinbase.
  • With a resolution of IL, institutions can enter the DeFi market knowing that their funds are secure.
  • From its IDO, where projects can issue tokens for free, CrescoFIN—a Swiss regulated equity token launched and currently sits with over $11 million on the DODO platform.
  • ShuttleOne is also listing on DODOEx.
  • DODOEx version 1.5 was released in December 2020. It introduced Smart Trade—which has custom routing algorithms, integrating with 0x and 1inch APIs. Others include improvements in price charts, activation of pending transaction tracking, and more advanced trading settings.
  • Peckshield and Trail of Bits audited DODOEx smart contracts. Besides, they run a bounty program for white hackers.
  • The DEX continues to develop and will soon launch V2 with better features, including a super aggregator for other DEXes, crowd pooling (without bots meaning fair launches), enabling minimal capital requirements, and customized market making. V2 also supports an infinite number of liquidity pools. Private V2 invites to go out soon; contracts are out.
  • WSB, the Reddit group behind the GME pump, is already crowd pooling via DODOEx.
  • Already DODO Staking is live.
  • DODOEx also launched the Vending Machine easing token distribution and market-making, a useful platform for community-driven projects.
  • The exchange has partnered with Chainlink, the world’s leading decentralized oracle provider, translating to security and confidence. DODOEx also partnered with Wootrade—a network dedicated to providing diversified liquidity and trading infrastructure.
  • DODO has been integrated by Zapper.fi on their exchange portal because it has one of the best rates in the sphere.

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

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

The result was the birth of decentralized finance, DeFi.

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

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

A 29X growth, year-to-date.

Following suit is another wave of a crypto rally.

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

Building Bitcoin DeFi Bridges

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

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

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

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

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

what is Badger DAO

Badger DAO is doing just that.

How? You may ask.

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

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

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

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

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

Two Flagship Badger DAO products: Sett and DIGG

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

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

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

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

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

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

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

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

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

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

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

BADGER TokenOMICS

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

Their governance token, BADGER, has no intrinsic value.

However, their role besides governance is in:

  • Staking in the Sett vault
  • Liquidity provision

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

BADGER tokens are distributed as follows:

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

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

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

The Badger DAO Team

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

Badger DAO Founding team

The Badger DAO Founders are:

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

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

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

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

Badger DAO Market Performance

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

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

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

Badger DAO Markets

However, the token’s liquidity remains low.

Short Term Catalysts

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

Long Term Catalysts

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

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

The Year of DeFi

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

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

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

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

Over $12.6 Billion Locked Up

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

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

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

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

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

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

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

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

Introducing SynLev

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

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

Why SynLev?

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

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

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

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

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

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

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

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

The Automatic Calibration

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

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

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

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

SynLev Tokenomics

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

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

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

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

Market Performance

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

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

SynLev (SYN) Market Performance

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

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

SynLev (SYN) Markets

Short-Term Catalysts

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

Long-Term Catalysts

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

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.

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 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.

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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.

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Introduction

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

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

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

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

DeFi: It is just the beginning.

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

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

Ethereum (ETH) Locked in DeFi dapps

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

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

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

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

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

What is Tellor?

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

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

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

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

Tellor: Decentralized Oracle and a Hybrid Consensus Algorithm

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

How Tellor (TRB) Decentralized oracle for DeFi dapps work

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

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

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

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

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

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

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

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

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

Team

Tellor TRB team

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

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

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

Partnership

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

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

Tokenomics and Distribution

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

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

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

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

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

Tellor TRB Price Action

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

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

Tellor TRB supporting cryptocurrency exchanges

Furthermore, TRB is available at Bidesk.

Short term Catalysts

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

Long-term Catalysts

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

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Introduction

That food is a basic human need is true. It replenishes and is indeed vital for our general well-being. That is why an increasing number of individuals are conscious and picky on what they consume. After an alarming statistic revealed that an astonishing700 million across the globe are hospitalized and 400,000 dying, caution prevails. Most of these killer ailments are after all, traced back to food related diseases. From the number of casualties, there is clearly a gap in food distribution that requires immediate action.

TE-Food recognizes the urgency of the matter in question by using blockchain technology to roll out a fitting solution. To that end, it is providing a transparent trust-based solution for international operation. The platform seeks to improve food safety, eliminate corruption, enhance fair trade, and build trust between the food supply chain companies, consumers, and authorities in the emerging markets.

The start-up bridges the gap between consumers and the entire supply chain, enabling them to obtain data on food history and its quality through physical identification tools, mobile apps and web-based software solutions in a PPP model.

Team

TE-FOOD is a joint venture (JV) of a Hungarian and a two years old Vietnamese company, currently employing 30 people. The geniuses behind this noble movement are headed by Dr. Trung Dao Ha, the CEO and president of the High-Tech Association of HCMC. He has 20 years of strategic leadership, marketing and sales experience in Asia and Europe.

Working side by side with him is, Erik Arokszallasi CEO, co-founder and leader of two successful corporate IT development companies in Hungary. Erik has a remarkable 23 years of leadership, and IT project management experience.

Assisting them is Marton Ven CMO, who not only has 21years’ experience of marketing, sales and project management but also is a co-founder and marketing leader of two successful corporate IT development companies.

The team is advised by Endre Jobbagy who is very competent in blockchain and business technology. He is the Founder and CEO of Interticket, and a Co-founder of Blockchain Competence Centre, a European management consulting and professional service company specialized in the Blockchain industry.

Dr. Michael Patching acts as an Independent Animal Welfare and Husbandry Advisor. He has a Masters in International Animal Welfare Ethics and Law with over a decade’s experience as a veterinary doctor. Presently, Michael is the current Vietnam Livestock Services Manager for Meat and Livestock Australia.

Roadmap

In Q2 2016, TE-FOOD struck an agreement with the government of Ho Chi Minh City for implementation. Official pig and pork trading in the HCMC region of Vietnam started in Dec 16, 2016. A few months later, more than a 100 chicken farms and egg producers were trained in Q2 2017.

Thereafter, in Q1 2018, TE-FOOD International is founded. Shortly after that, all TE-FOOD rights and contracts were transferred to TE-FOOD International. Q3 2018 marked the implementation of Blockchain as a traceability transaction ledger. Other developments as the Animal antibiotics traceability and the AI based smart pandemic forecasting and alarm modules for the National Livestock Registration system were also introduced.

In Q4 2018, the TE-FOOD Marketplace was launched. Following this feat, in Q1 2019 an extended farm management tools including Food Safety Sensor tools were ready for deployment.

Presently, plans are underway for a further presence in four countries with the service made better thanks the Facial Recognition Feature, a product of their research and development which started in Q3 2018.

Partners

For achievement of their goals, the TE-FOOD has partnered with GS1, a not-for-profit organization. GS1 develops and maintains worldwide standards for business communication. Their interaction enables TE-FOOD to comply with the GS1 standards which are used globally.

Then again, TE-FOOD has a partnership with the New Zealand Trade Centre (NZTC). Of the many things, the objective will be to “implement food traceability from farm-to-table for fruit products exported from New Zealand.”

 A key partner of TE-FOOD, Unisto is a Switzerland based international manufacturer of security seals. The firm provides high quality seals for the organization through Unisto Malaysia.

Aside from this, the company works with The Food and Agriculture (FAO) for statistics purposes helping the firm evaluate their sustainability, feasibility and scalability of existing registries.

By working in conjunction with Zalo, a free message and call mobile application, TE-FOOD’s QR codes can be read by the Zalo app, in order to view the food history.

Other notable partners include Certified Wyoming Beef, Laurel, Halal Trail, Tele Norma, Big Group, Sankofa and QSM. That’s on top of the strategic partnership with the Hungarian Branch of Deloitte.

Token Details and Distribution

In brief, these were the details of their ICO:

Token name: TFOOD

Token symbol: TFD

Type: ERC20

Total token supply: 1,000,000,000 TFOOD

Tokens for sale: 512,000,000 TFOOD (51% of total)

Token sale volume: $19,100,000 (22,924 ETH)

ICO Token Price: 1 TFD = 0.05 USD (0.00004700 ETH)

Token sale dates: Start22.02.2018, End 22.03.2018

Accepted payment options: ETH, BTC, USD, EUR

As a utility, holding TFD grants one access to the platform’s features and functions. Uniquely, and being the first of its kind on the space, TFD is not a security but a certified utility complete with endorsement from the German regulators.

Token Distribution and Fund allocation

50 percent of the total supply, translating to 500 million, was available for public investment. Each token was sold at $0.05 with an ambitious hard cap of $19.1 million.

Of that, 10 percent of all token are set for a marketing pool while 40 percent will be locked up in a general reserve. The lockout period is two years and from there, 25 percent of these tokens will be released after the first year.

Fund Allocation

From $19.1 million raised, 60 percent will cater for market expansion. That will involve marketing, sales, and implementation costs as well. Meanwhile, 25 percent will be channeled towards Research and Development. 10 percent will meet operational costs at the firm’s headquarters while the remaining five percent will address any emerging legal issue.

Changing hands at $0.006, TFD has a market cap of $3 million drawing daily volumes of roughly $27 million across different exchanges. At spot rates, TFD’s return is dismal. It is 0.15X against the USD, 0.53X verse ETH and a discouraging 0.2X in BTC terms.

TFD/ETH Price Analysis

After a deep correction of 2018, TFD is largely consolidating against ETH. However, as the market recovers, TFD could rally. At the time of writing, it is up 4.2 percent. Clearance of 0.000028 ETH will surely pave way for 0.000048 preferably at the back of increasing participation hinting of underlying demand.

Price Catalyst

Short term

There is nothing as impressive as a solution that satisfies the needs of the customer. TE-FOOD does just that. Although the asset plummeted in 2018 as the general crypto space froze and dropped with some start-ups closing shop as finances dried up, the grit and determination of TE-FOOD is bullish.

At spot rates, the asset is down more than 75 percent from peaks. However, that is not to say there is no movement. A simple glance and assessment of the asset’s blockchain activity reveals that it is periodically in the top-10, competing with the likes of EOS and Ethereum.

Then again, and with what they represent, the decision of Vinamilk, one of the largest milk processors in Vietnam to join forces with TE-FOOD is a direct endorsement. Vinamilk draws $6.6 billion in annual revenue and employs more than 6,000people.

Because of TE-FOOD traceability, Vinamilk can “act proactively, and provide transparent information about their products” benefiting the end user who can at a glance read the history of the product using a QR Code.

Long term

It is notable after implementing a traceability framework, the number of food fraud cases increases. This occurs in light of the presence well designed traceability system like TE-FOOD helps authorities to notify fraudulent exercises.

At the point when a food fraud scandal is exposed, governments tend to enforce regulations, by expanding the types of animals to be tracked, the territory of traceability, and so on. This opens doors for TE-FOOD for market development in nations in which they are already present.

The platforms product line is fabricated to help this process by providing synergistic tools for an improved food quality control in the food industry. The company believes the global food traceability solution market will reach $15.1 billion by 2021.

Therefore, as they partner with more market leaders, expanding to Europe, New Zealand and the rest of the world, the value of its token will increase reflecting the value of TE-FOOD as a useful and reliable platform.

In 2018, they made adjustment on their technology side in readiness of more partnership maintaining that their overall objective was to “provide customizable and affordable traceability solutions for companies with any level of technological readiness.” Besides, they are working with other companies to release an AI based meat quality checker that will revolutionize food quality control while introducing farms to deep data analysis improving productivity as a result.

This is so because TE-FOOD believes that the future of traceability and quality control lies on the growth, development and maturity of IoT. Presently, they are seeking to partner with a firm in the IoT sector and thereafter integrate them to the TE-FOOD ecosystem.

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