- May 16, 2024Blockchain
Rinascimento Ai Launches New AI-Driven Platform for Biweekly Crypto Investment Returns
Utilizing advanced Artificial Intelligence technologies, this platform offers a sophisticated alternative to traditional DeFi protocols, which have shown diminishing returns since 2020. The innovative platform by Rinascimento Ai aims to tap into a $20 billion AI market, potentially transforming the $3 trillion crypto industry, which has rapidly produced significant wealth, with over 280,000 millionaires and 55 billionaires emerging in record time. Dubbed "the astronomic dividend firm," Rinascimento Ai not only offers substantial growth potential—projecting up to 285X growth—but also allows investors to receive biweekly dividends proportional to their investments. The team behind Rinascimento Ai includes seasoned financial market experts, quantitative analysts, and AI developers, known for capitalizing on major market movements such as the Corona Crash and the DeFi Summer. They are now set to launch an AI-backed protocol on the blockchain, ensuring partners benefit continuously from the firm’s future revenue in the expanding crypto markets. Investment Opportunities and Benefits with Rinascimento Ai Investors in the Rinascimento Ai pre-sale can purchase RINA tokens at an initial rate of $0.01per token, with significant growth potential post-listing. The options post-investment include a quick gain by selling the tokens after their value increases and still receive 20% revenue of protocol, or holding the tokens to enjoy further price appreciation and dividends from 50% of the profits generated from the protocol. The benefits of investing early in the Rinascimento Ai ICO include - Early Bird Advantage : Securing a significant amount of tokens at a discounted rate. - Potential for Substantial Rewards : As the platform integrates more innovative solutions, the value of investments is poised to grow. - Security and Transparency : Rinascimento Ai prioritizes investor security and provides real-time tracking of investments and project progress. In anticipation of its public trading launch on both decentralized and centralized exchanges, Rinascimento Ai is expected to see an initial surge in trading price, potentially increasing by 1000%. This positions investors to substantially grow their portfolios. How to Participate in the Rinascimento Ai ICO? Visit Rinascimento Ai Pre-Sale Select the desired investment amount in USDT/BTC-ETH. Register on the platform and confirm your transaction. Relax and watch your investment grow, with options to withdraw dividends biweekly. For more details, visit the Rinascimento Ai website or contact the team directly through the provided contact information
- May 15, 2024Blockchain
Cwallet Lucky Box Now Available on Telegram: Empowering Users to Unleash Luck
Cwallet is excited to unveil its latest innovation in the cryptocurrency ecosystem: the Cwallet Lucky Box. This new feature, seamlessly integrated into the Cwallet on Telegram, offers users a fun, thrilling way to win an array of impressive rewards, from cryptocurrency bonuses to exclusive merchandise and special offers. The Lucky Box is designed to enhance the Cwallet experience by adding an element of surprise and excitement with every spin. Cwallet plans to drop lucky boxes in their Telegram Cwallet community to celebrate its innovative launch. Join this exciting giveaway now https://giveaway.com/N1zlsl01rUp Figure 1 Cwallet Lucky Box Available Now The Cwallet Lucky Box enables users to engage with the crypto world in a uniquely entertaining manner. By simply using the Telegram bot, users can create a Lucky Box, customize it with specific cryptocurrencies, and share it with friends or within groups. This feature is not only a fun game but also a social tool that brings communities together, fostering shared excitement around the potential of winning together. The Cwallet Lucky Box is a unique product that has gained popularity for its simplicity and ability to add excitement to cryptocurrency transactions. The creator of the Lucky Box sets up a prize pool, chooses the quantity, and selects a mode of play while ensuring that the experience is safe and secure. This means that users can enjoy the thrill of gaming without worrying about the safety of their transactions. The Lucky Box strikes a harmonious balance between excitement and security. Furthermore, the Lucky Box feature shows Cwallet's dedication to innovation and community engagement in the crypto space. It is designed to be user-friendly and easy to use, making it accessible to all users, regardless of their level of experience with cryptocurrencies. As part of the launch, Cwallet is offering users the opportunity to engage with the Lucky Box under special conditions, making it even more rewarding. This initiative is a testament to Cwallet's ongoing efforts to democratize access to cryptocurrency in a secure, enjoyable, and inclusive manner. Furthermore, the introduction of the Lucky Box is in line with Cwallet’s broader mission to provide a comprehensive suite of crypto tools that support both individual users and businesses. From the revolutionary CCPayment, which enables merchants to accept over 100 tokens with extremely low fees, to the transparent contest tool Giveaway.com , Cwallet is at the forefront of creating a versatile and user-friendly cryptocurrency environment. About Cwallet: Cwallet is a leading crypto wallet offering secure, fast, and flexible solutions for all your crypto needs. Supporting over 800 cryptocurrencies and more than 50 blockchain networks, Cwallet is the preferred choice for millions of users worldwide. Our platform combines custodial and non-custodial wallets, offering the best blend of security and convenience. At Cwallet, we're dedicated to simplifying the cryptocurrency world and delivering an exceptional experience to our users. For more information, visit: Website | Twitter | Telegram | Discord
- May 13, 2024Blockchain
SENSE CHAIN: A New Digital Sense-To-Sense Business and Entertainment World where time is the main asset
Arllecta group of companies presents the launch of one of its flagship products in the development of the global digital economy. Sence Chain is a global digital business and entertainment network , where every person on our planet can earn money using one of its main life resources - time . In our network, we create and implement the principles of the economy of a highly developed smart country. A digital, high-tech country where there are no such artificially created parasitic phenomena as inflation, unemployment, central banks and many other defective solutions of many current living countries. The financial and economic component of the network consists of several solutions. One solution is to have five digital accounts for each network participant: Checking account. Saving account. Granted loan account. Loan account. Frozen account. The checking account accumulates digital funds that can be used in any operational activity of a network participant. All operations for depositing or withdrawing digital currency are carried out only on this account. A savings account accumulates digital funds for the purpose of their inviolability in operational activities and the accumulation of a certain percentage of the invested amount. In the current version, the savings account has two programs: 1. with a fixed bonus; 2. with a floating bonus. Their main difference is the size of the bonuses and the rules for withdrawing them. A granted loan account contains digital funds received under a concluded and signed sense loan contract for a certain period. A loan account contains digital funds, which the network participant plans to use when creating a sense loan contract. A frozen account contains digital funds that the owner of the digital wallet or the network transferred to guarantee the execution of a registered sense contract or against unauthorized access to them in the event of compromise of the network by attackers. The core of the network includes the implementation of the following economic modules : Reserve fund Investment fund Operating fund The Reserve Fund performs the functions of issuing digital currency Sense Coin (SC or S2S). Each coin has three main characteristics. The first characteristic is the assignment of a unique identifier, which exists in a single copy on the network. This identifier allows to determine the holder of a coin with 100% accuracy and reduce to a minimum the possibility of fiat money laundering on the network. The second characteristic is the fixed coin rate: 1SC (S2S) = $10. This rate reflects the economic indicator of the minimum wage under a sense contract. The third characteristic is that each coin is provided with spent (hours worked) according to a sense contract. The Investment fund performs the functions of aggregation and distribution of the digital currency of the network between investment sense contracts. The investment fund also performs the functions of protecting digital currency from misuse of digital assets of the network. The Operating fund performs the functions of the current distribution of the digital currency of the network according to existing registered sense business contracts. This fund also covers all operational activities of the network related to the fulfillment of their obligations by the participants of this network. Sense Chain is a digital sense-to-sense network where everyone in the world can earn twice per sense contract . About the project. Sense Chain is both a cryptographic network and a technology name with its own unique components, such as the proof of participation protocol algorithm, sense contracts and smart transactions. “Every hour spent in the life of every network participant has value.” Founder of the Arllecta group of companies, Egger Mielberg.
- May 13, 2024Blockchain
Hydro Wind Energy Unveils Equity Tokenization Debut on Avalanche Blockchain
Hydro Wind Energy (HWE), a leading tech startup based out of San Francisco, Dubai, and London, has revolutionized the landscape of water sustainability with its groundbreaking technology. HWE's innovative solution harnesses the power of wind offshore to convert seawater into freshwater on a scale never seen before, all while reducing costs by an astounding 90%. Today, the company is proud to unveil a significant milestone in its journey: the launch of its equity tokenization campaign on Avalanche, a prominent Layer-1 blockchain network. This strategic move represents a pivotal technological advancement for Hydro Wind Energy as it seeks further to propel its mission of solving the world’s water crisis at scale. This milestone marks a significant advancement for HWE, opening new avenues for investment and innovation in the renewable energy sector. By leveraging the Avalanche blockchain, HWE aims to extend access to investment opportunities, allowing a broader range of investors to participate in the company's growth and sustainability efforts. Notably, Hydro Wind Energy's groundbreaking technology addresses three of the world's pressing challenges of the 21st century: Low-cost clean electricity Grid-scale energy storage Seawater desalination at scale The company firmly believes tokenization simplifies private market investing, fostering transparency and accessibility. Hydro Wind Energy stands at the forefront, leading the charge as one of the first companies worldwide to embark on this transformative journey for security tokenization. "Selecting Avalanche for HWE Token was a strategic decision influenced by several important factors," states Lee King, CEO of Hydro Wind Energy. "Avalanche is known for its infinite scalability, and their mission alignment is a shared commitment to building a more inclusive future for financial markets through tokenization. When it comes to the energy required to run, no other blockchain comes close. The choice of blockchain is critical for our future, and there's no better partner for us than Avalanche," added King. Tokenization involves transforming the rights to an asset into a digital token stored on a blockchain. This transformative process presents many advantages, such as heightened liquidity, transparency, and security. Additionally, tokenization can potentially democratize access to specific asset classes, broadening their availability to a wider array of investors. For companies like Hydro Wind Energy, tokenization represents a distinct avenue to raise capital, interact with a global pool of investors, and optimize operational workflows. Through tokenizing assets or select components of their operations, companies can harness the capabilities of blockchain technology to fuel expansion, foster innovation, and enhance overall efficiency. Hydro Wind Energy is poised to capitalize on the transformative potential of tokenization to advance its strategic objectives and propel its mission forward. With the launch of its equity tokenization campaign on the Avalanche blockchain, HWE aims to raise capital and foster greater engagement with its global investor community. Benefits of Tokenization: Tokenization offers companies and investors: Enhanced Liquidity: Converting assets into digital tokens facilitates quicker and more efficient trading, enhancing liquidity. Global Reach: Access to a worldwide pool of investors transcends geographical boundaries, fostering growth and diversification. Transparency and Security: Blockchain technology ensures transparent, secure, and tamper-proof transactions, enhancing investor trust. Operational Efficiency: Streamlining asset management processes reduces costs, eliminates intermediaries, and boosts operational efficiency. “Why are we tokenizing our equity? Because our team believes that tokenization makes private market investing easier, transparent, and accessible. Any asset capable of tokenization will eventually undergo this transformation, aligning with the evolving landscape of capital markets. Larry Fink's vision of "tokenizing every financial asset" is not a distant dream but an unfolding reality, and we are at the forefront of this revolution,” affirms Lee King. Hydro Wind Energy's equity tokenization launch on the Avalanche blockchain represents a significant step forward in the company's objective to promote worldwide water sustainability. By implementing tokenization, Hydro Wind Energy hopes to increase investment opportunities, engage with a more extensive investor base, and improve operational efficiency. This strategic step demonstrates HWE's dedication to innovation and propels the company to the forefront of the renewable energy sector. For further details on Hydro Wind Energy, kindly visit their website at https://hw.energy or https://republic.com/hydro-wind-energy-3 , or refer to the contact information below. About Hydro Wind Energy Hydro Wind Energy, partnered with Brickken, Republic, and Avalanche, is a tech startup developing a disruptive technology to solve 3 of the biggest challenges of the 21st century, low-cost clean electricity, grid-scale energy storage, and seawater desalination. All ultimately from wind offshore using vertical axis wind rotors and offshore based kite systems. They have also developed and commercialized the world's only low-cost handheld seawater desalination device (QuenchSea) for humanitarian purposes, disaster relief, and the offshore marine sector. At the core of HWE's vision lies a commitment to spearhead the transition to renewables, aiming to reduce carbon emissions by 1 billion tonnes of CO2e per year by 2030. This would amount to 2% of total global emissions from all sectors. About Avalanche Avalanche is a decentralized, open-source proof-of-stake blockchain with smart contract functionality. Distinguished from other Layer-1 blockchains, Avalanche stands out for its unique architecture that offers industry-leading scalability, speed, and flexibility. Its consensus mechanism facilitates rapid transactions with minimal environmental impact. Today, it's the 11th largest chain globally (with over $8B in market cap). About Brickken Brickken transforms tokenization and asset management with its comprehensive Token Suite. Similar to Shopify's impact on e-commerce by enabling businesses to create their online stores, Brickken’s platform simplifies the creation, sale, and management of tokenized digital assets, empowering companies to tokenize their assets easily. It enables effortless self-tokenization and management. https://hwe.store.brickken.com/en/store About Republic Republic is a financial technology company that specializes in investment-related services in the private markets, which include a retail investment platform, a blockchain advisory service, and a private capital division. Republic has deployed over $2.6 billion in investments and supported over 2,000 ventures, with a community of over 2.5M users across 150 countries. Republic is backed by dozens of leading investment firms and financial institutions and has co-invested with the best names in venture and private equity. Founded in 2016, Republic is headquartered in New York City with offices worldwide. For additional information, visit republic.com or @joinrepublic on Twitter.
- May 13, 2024Blockchain
Explore The Genesis Jungle: Morph Zoo's First Adventure in Consumer-Centric Blockchain
With a live testnet blossoming with the energy of innovation and the promise of growth, Morph has crafted a crucial program to keep momentum going. The Morph Zoo is a multi-phased adventure designed to introduce participants to the expansive capabilities of Morph while rewarding their curiosity and engagement. Morph Zoo's Season 1: The Genesis Jungle is set to start on May 13 . This season invites explorers into the foundation of what will become Morph's future mainnet. Participants' actions and insights will play a critical role in sculpting the Morph ecosystem, with the platform evolving responsively to the community's input and interaction. Think of the Genesis Jungle as a lush digital landscape filled with new and exciting consumer-centric dApps to be discovered. Of course, as a reward for their adventurous spirit, users receive Morph Points for all approved interactions. Morph Points represent a user's level of activity, engagement, and contributions to the ecosystem. Though the specific prizes and rewards that these points can be redeemed for remain a surprise for now, history may be a good indicator of what's to come. Dapp engagement isn't the only way to earn points. Daily check-ins will grant users Voting Power. Voting Power offers a method of expression for individual voices within the Morph community, allowing participants to cast votes for their favorite projects, in turn signaling what they desire to see flourish on Morph. Voting also earns Morph Points, further incentivizing the community to take an active role in Morph's evolution. Additionally, The Genesis Jungle promises a series of unique side expeditions with upcoming Morph partner events that will grant extra Morph Points, expanding the routes through which explorers can accumulate their rewards. However, participating in this event goes far beyond another points program, it means joining the consumer blockchain revolution. For those who don't already know, Morph entered the stage with an innovative approach, combining the best aspects of optimistic rollups and zk technology to create a Layer 2 solution that will revolutionize the Ethereum scaling experience. On top of this, the platform is powered by a decentralized sequencer network ensuring efficiency and robust security, reinforced by the acclaimed Tendermint consensus mechanism. Morph's modular architecture, elegant in design, promises unparalleled flexibility, adapting to the ever-changing landscape of user and developer needs. Yet, what truly distinguishes Morph is its unwavering commitment to being the leader of consumer-centric blockchain solutions. The vision is simple yet profound: to deliver a blockchain experience that’s as intuitive and indispensable as the everyday apps that people love and rely on but with all the added benefits of decentralization, security, and user empowerment. Morph envisions a world where blockchain is seamlessly woven into the fabric of daily digital life, where transactions, interactions, and innovations occur with ease and transparency. If you're ready for the blockchain experience to evolve and Morph, the Genesis Jungle awaits. For further information and to join the adventure, visit https://www.morphl2.io/points/ . Website: https://www.morphl2.io/ Twitter: https://twitter.com/MorphL2 Discord: https://discord.gg/5SmG4yhzVZ Telegram: https://t.me/MorphL2official Medium: https://medium.com/@morphlayer2 Linkedin: http://www.linkedin.com/company/morphl2
- May 12, 2024Blockchain
UPCX Announces Comprehensive Roadmap for Blockchain and Ecosystem Development Through 2025
UPCX, a pioneering blockchain platform dedicated to optimizing payment systems and financial services, has recently unveiled an ambitious and detailed roadmap for the next two years, highlighting key developments in its blockchain technology and ecosystem expansion set to redefine the financial transactions landscape. Blockchain Innovations on the Horizon Starting in Q4 2023, UPCX has already completed the implementation of the Beacon Engine, a critical component for enhancing blockchain speed and reliability. The focus now shifts towards the integration of various advanced features slated for completion by the end of 2025. These features include Non-Fungible Assets (NFAs), Ethereum Virtual Machine (EVM) compatibility, and advanced sharding capabilities to facilitate scaling. A significant highlight is the introduction of the Multi-Key Function and Custom Authority options in Q3 2024, which will provide users with enhanced security and flexible control over their transactions. By Q4 2024, features such as Blind Account and Transfer capabilities, and the Worker system, are expected to be operational, further enhancing user privacy and engagement. Ecosystem Expansion Parallel to blockchain enhancements, UPCX is also focusing on the development of its ecosystem. The immediate next steps involve launching a comprehensive Wallet and Block Explorer by Q2 2024. The development of a decentralized exchange (DEX), TPS Test Tool, and Cross-Chain Bridge features are also set for completion in the same quarter, ensuring a robust infrastructure for user transactions. Looking ahead to 2025, UPCX plans to introduce innovative payment solutions such as NFC Payment systems and sophisticated smart contract functionalities like Scheduled and Recurring Payments, Non-Custodial Escrow, and Permission Payment systems. These advancements are aimed at providing users with unprecedented flexibility and security in managing their financial transactions. Forward-Thinking Security Measures In response to the emerging threats posed by quantum computing, UPCX is proactive in developing Post-Quantum Computing (PQC) cryptographic solutions, scheduled for release in Q1 2025. This initiative underscores UPCX’s commitment to maintaining cutting-edge security standards and protecting user assets against future technological challenges. Full Integration and User Accessibility Complementing these technological advancements, UPCX is dedicated to ensuring that these tools are accessible and beneficial for both businesses and individual users. The planned UPCX POS App and UPCX Hardware Wallet are examples of how the platform aims to integrate blockchain technology into everyday financial activities seamlessly. Conclusion UPCX’s comprehensive roadmap through 2025 illustrates a clear vision for the future of financial transactions, emphasizing speed, security, and user engagement. By continuously advancing its blockchain infrastructure and expanding its ecosystem with user-centric services and tools, UPCX is set to offer a revolutionary payment and financial service experience that aligns with the demands and challenges of the modern economic environment. More about UPCX UPCX is a blockchain-based open-source payment platform that aims to provide secure, transparent, and compliant financial services to global users. It supports fast payments, smart contracts, cross-asset transactions, user-issued assets (UIA), non-fungible tokens (NFA), and stablecoins. Moreover, it offers a decentralized exchange (DEX), APIs, and SDKs, allows customized payment solutions, and integrates POS applications and hardware wallets for enhanced security, building a one-stop financial ecosystem. Official website: https://upcx.io/ X: https://x.com/Upcxofficial X(upcxcmo): https://twitter.com/kokisato_upcx Telegram: https://t.me/UPCXofficial Discord: https://discord.gg/YmtgK7NURF
- May 8, 2024Blockchain
Introducing YFX V4, The Optimal Solution for Decentralized Perpetual Protocol
The current decentralized perpetual protocols are mainly divided into 4 modes: The PvPool mode adopted by GMX, YFX, gTrade, etc., the centralized order book trading with the decentralized margin mode like Dydx, Apex, Pancake, the leveraged token trading mode of Uniswap by Perpetual Protocol, and the mode of developing a separate public chain dedicated for trading. As one of the earliest launched decentralized perpetual contract protocols, YFX started in 2020. After three years of development and three version iterations, YFX handed over the project to the geek community in early 2024, jointly managed by the anonymous representative 0xEuler and multiple technical community developers. The new team conducted a comprehensive design and development of the YFX product, and released YFX V4 to the public. Story of YFX V1: Development of YFX V1 began in 2020 and was first released at the beginning of 2021. As one of the pioneers of decentralized perpetual contract products, YFX introduced the PvPool trading model, bringing Contract for Difference (CFD) onto the blockchain. After nearly three years of development in the decentralized perpetual contract industry, trading models such as PvPool, and centralized price feeding have been adopted by leading protocols like GMX and GNS. V2: In the YFX V2 version, we added features such as position merging, funding fees, limit orders, and stop-loss/take-profit, successfully transitioning from CFDs to true perpetual contracts. V3: YFX V3 included additions like ChainLink price feeds, dual position mode, interest, invitation systems, and merged liquidity pools, making the protocol more comprehensive. Features of YFX V4 1.LP Leverage Unlike traditional CEXs like Binance and BitMex, where traders (Takers) and market makers (Makers) trade in the same model and can engage in up to 100x leverage trading, in most decentralized perpetual contract products including YFX, GMX, and GNS, traders trade with liquidity pools, preventing Makers from using leverage. This results in low capital efficiency for LPs. YFX V4 introduces an innovative solution to this issue by providing leverage to LPs, allowing them to use up to 200x leverage when adding liquidity. This means LPs can buy the liquidity pool’s YLP at 200x leverage, multiplying their profits by 200 times when the YLP price increases, though this also introduces greater risk. 2 .Fair Index Price Oracle: In the product design of YFX V4, we further optimized by introducing real-time prices from two leading market oracles, ChainLink and PYTH, as the index price for YFX, ensuring the fairness and transparency of index prices. ChainLink solution: We use ChainLink’s DataStream and Automation to execute market orders and determine if limit orders, stop-loss/take-profit, and liquidation should be triggered. Pyth solution: We accept real-time prices published by PYTH and verify signatures using Pyth’s official contracts. 3.New LPB-AMM In YFX V4, we introduce a new LP Balance Automated Market Maker (LP-AMM) model. The trading depth for users is determined by the LP Balance. The more LP Balance there is, the better the trading depth for users, and vice versa. In the classic UniSwap AMM model, the x*y=k curve is used to calculate the market’s liquidity. In the LP-AMP model of YFX, we introduce a new y=kx+b function and use a segmented function to simulate the depth chart in CEX, ultimately achieving a depth chart similar to the one below. 4.Premium, Market Price The V4 system adjusts the Premium and Market Price based on the net direction of traders’ positions, aiming to maintain a balance between long and short positions. Specifically, when traders’ net positions are long, the Premium is positive, and the Market Price is higher than the Index Price. This increases the cost of opening new long positions, suppressing the formation of new long positions. 5.New Earning System YFX will initiate its first mining event after migrating to Arbitrum, including YFX Staking, Position Mining, LP Mining, Trade Mining, and Invite Mining. Under this incentive system, all platform participants, including Traders, Makers, and inviters, will receive appropriate rewards. 6.Up to 70% Referral Rebate Thanks to YFX being a decentralized exchange, every transaction fee can be returned in real-time to the inviter’s address, allowing us to execute any rebate strategy transparently. YFX V4 designed a tiered referral system that offers up to 20% fee discounts and 75% fee rebates. High ratio rebates facilitate better cooperation with community nodes, making it easier for YFX to acquire trading users and build a large trading community. Conclusion: In summary, YFX V4, as a decentralized perpetual contract protocol, is committed to providing a fair, efficient trading environment. It introduces various innovative mechanisms, such as LP Leverage, LPB-AMM, and Premium, aimed at optimizing capital efficiency, increasing trading depth, and maintaining overall market balance and stability. Through a series of designs and optimizations, YFX V4 aims to offer users a fair, transparent, liquid, and innovation-driven decentralized perpetual contract trading experience. Website: https://www.yfx.com/?ref=AAA Telegram: https://t.me/YFX_COM Twitter: https://twitter.com/YFX_COM Medium: https://yfxdefi.medium.com/
- May 7, 2024Blockchain
Crypto Oasis Thrives: UAE Blockchain Ecosystem sees Exponential Growth with 2,040 Active Organizations in Q1 2024
Dubai, 7th May, 2024: Crypto Oasis proudly presented an update on the ever-evolving UAE blockchain ecosystem during the second edition of Dubai FinTech Summit 2024. Over the past year, the number of active companies has surged from 1,800 to 2,040, marking a significant 13.3% YoY increase. This growth is a testament to the robustness and innovation within the industry, which now has over 10,600 professionals, with a healthy mix of 71% native Blockchain organizations and 29% non-native companies contributing to the ecosystem. The UAE Ecosystem proves to be a hub for innovation and a magnet for attracting talent with over 10,600 individuals now working in the space Key Highlights: ● Active companies within the ecosystem surged by a significant 13% year-on-year, reaching a staggering record of 2,040 organizations. ● Marked increase in the industry workforce, with over 10,600 individuals working in the Blockchain space. ● Regulatory clarity drives crypto industry growth as major global names such as Binance, Bybit, and OKX receive Virtual Asset Service Provider (VASP) licenses from VARA. Within the vibrant UAE blockchain ecosystem, a diverse array of organizations contributes to its continuous success. Traders, brokers, and asset managers form a significant segment, accounting for 20.6%. Close behind, 19.9% are dedicated to technology and advisory services. NFT platforms represent 6.9%, while venture capitalists (VCs) make up 5.3%. The metaverse has a growing presence with 3.7%, and Web3 gaming initiatives account for 3.1%. Additionally, tokenization platforms are carving out a niche, representing 1.5% of the Blockchain organisations in the country. The past year has been pivotal for the UAE blockchain space, with notable developments that have solidified its position as a global leader in blockchain innovation and disruption. VARA, the Virtual Asset Regulatory Authority, has demonstrated a commitment to responsible growth and intends to secure the market’s integrity. Regulatory tailwinds have helped establish the region as a welcoming hub for blockchain enterprises. Binance, Fasset, Hex Trust, Komainu and OKX are among the global crypto service providers to receive the VASP (Virtual Asset Service Provider) license from VARA last year. Regulatory milestones include, Aquanow, Bybit, Crypto.com and Deribit receiving preliminary licenses from VARA. Throughout 2023, the UAE has seen a significant increase in cryptocurrency adoption, reinforcing its status as a burgeoning centre for digital finance. The XRP token from Ripple has been approved under the Dubai Financial Services Authority (DFSA) and Iota, an open-source distributed ledger focused on the Internet of Things (IoT) announced the creation of the Iota Ecosystem DLT Foundation in Abu Dhabi Global Markets (ADGM). Furthermore, the launch of the Dubai Web3 and AI Campus at the DIFC last year has positioned the UAE at the forefront of technological convergence, attracting talent and investment from across the globe. Other blockchain-related news that shows the ecosystem’s remarkable growth trajectory is the fact that the UAE-based Bitcoin miner Phoenix Group became the first crypto-related firm to go public on the Abu Dhabi Securities Exchange at the end of 2023. DFINITY, a Layer 1 protocol, set up their regional hub, ICP.Hub GCC, is an initiative to provide an access point for projects and developers in the region into the Internet Computer Protocols Ecosystem. The UAE has also become home to landmark blockchain events like Ripple Swell and Cardano Summit in November last year, underscoring the country's status as a premier destination for global Blockchain discourse. TOKEN2049, a global conference series, had a premier blockchain event in Dubai in April this year with over 400 side events and over 20,000 attendees. The Dubai AI & Web3 Festival planned for September 11-12, 2024 will be another feather in the cap of the city, as it posed to attract top global thought leaders to discuss the future of the Web3 and AI industry. Ralf Glabischnig, co-founder of the Crypto Oasis said: "The Crypto landscape in the UAE and Middle East region is the fastest growing ecosystem worldwide. The government is doing for Blockchain what Silicon Valley did for tech. This past year has been nothing short of phenomenal for the Crypto Oasis Ecosystem. The surge in companies and talent underscores the UAE's commitment to fostering a vibrant blockchain and Web3 environment. We're excited to witness the continued growth and innovative solutions emerging from this dynamic ecosystem." With a talented workforce and a commitment to innovation, the Crypto Oasis is poised to continue its exceptional progress. The Dubai FinTech Summit was a prime opportunity to witness the UAE's flourishing Blockchain ecosystem firsthand and to present the growth numbers of the ecosystem. About Crypto Oasis The Crypto Oasis is the largest Web3 ecosystem in the world focused on the Middle East and Africa region and is supported by initiators of the Crypto Valley Switzerland. The core elements needed for its development are Talent, Capital, and Infrastructure. The Ecosystem's stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Education & Research Institutions, Service Providers, and Government Entities & Associations. Crypto Oasis is the leading Blockchain ecosystem in the world. Today it is the fastest growing, with more than 2,040 blockchain-related organizations in the UAE alone. www.Cryptooasis.ae For more information contact: Faisal Zaidi / Crypto Oasis faisal@Cryptooasis.ae +971552000840
- May 6, 2024Blockchain
SOLLONG: A New Application of the DEPIN Data Concept
At the forefront of the digital era, Web3 technology is spearheading a revolution, with the Decentralized Physical Infrastructure Network (Depin) emerging as one of the most exciting projects on the Solana chain. With the rapid growth of data volume and expansion of the cloud storage market, decentralized storage is becoming crucial in addressing data security and privacy issues. The Solana-based decentralized storage project has attracted significant attention from developers and users by providing efficient, low-cost, and secure storage solutions. Within this space, the Sollong project has garnered widespread industry attention for its innovative technology and business model. Depin Track: Significance and Development The Depin track focuses on utilizing blockchain technology to decentralize physical infrastructure, from cloud computing services to data storage solutions, redefining resource allocation and management. This decentralization strengthens network resilience and incentivizes individuals and businesses to share their resources, such as computing power and storage space, in exchange for financial rewards via tokens. This revolutionary model disrupts the traditional dominance of centralized giants, fostering a fairer, more open network environment. Sollong Project's Core Advantages and Practices The Sollong project is an innovative platform based on blockchain technology and is primarily active in the Depin track. It uses token incentives to provide users with redundant data processing and storage services. Key features and functionalities include: 1. Decentralized Service Provision: By leveraging blockchain technology, Sollong decentralizes data processing and storage, enabling users to contribute their physical resources, like computing power and storage space, to the network and earn tokens as rewards. 2. Proof of Physical Work (PoPW): Sollong employs an innovative consensus mechanism called Proof of Physical Work, possibly involving physical resource contributions (e.g., computing power or storage) to maintain network security and data integrity. 3. Token Incentivized Physical Infrastructure Network (TIPIN): This mechanism incentivizes users to participate and maintain network operations with tokens, ensuring network activity and health. 4. EdgeFi Network: Sollong may also involve building an EdgeFi (Edge Finance) network, which aims to extend blockchain and DeFi (Decentralized Finance) functionalities to the network edge, improving service responsiveness and efficiency. 5. Decentralization and Data Transparency: Compared to traditional Web 2.0 solutions, Sollong emphasizes genuine decentralization, where users retain data ownership, enhancing transparency and immutability. 6. Diverse User Base: Sollong serves not only major cloud service providers and internet companies but also various sectors like automotive, finance, healthcare, and government. Through these characteristics, the Sollong project stands out in Web3 and blockchain applications, aiming to decentralize physical infrastructure while creating new business models and services. Computing Power as the World's Leading Productivity In the digital, intelligent era, the exponential growth of data and increasing algorithmic complexity have driven an explosive demand for computing power. Scientific Research: Powerful computing accelerates research, helping scientists tackle complex problems and advance technological progress. Artificial Intelligence: Computing power is essential for AI systems to operate and learn, supporting various applications like image recognition, speech recognition, and natural language processing. In contrast, Sollong focuses on decentralized computing power. It uses blockchain technology to build a decentralized computing network by aggregating idle computing resources into a powerful server. Individuals and organizations can share and utilize these resources through Sollong, achieving more efficient computing. This decentralized computing model improves resource utilization rates, reduces computing costs, and promotes resource sharing and exchange. Conclusion Through analysis, it's clear that future technological revolutions will emphasize decentralization and cross-industry integration. Sollong show how innovation continuously pushes the boundaries of technology, creating greater value for users and industries. As blockchain technology matures, we expect more projects like Sollong to unlock new possibilities and opportunities in the tech space.
- May 6, 2024Blockchain
ATR Network: Decentralized private data multimodal supercomputing network
With the introduction of concepts such as international digital currency, digital silk Road, and enterprise chain transformation, the short speed of the digital economy (short cycle, stable price, fast transaction) still cannot effectively solve the security and privacy problems in data transactions and data storage. On the basis of protecting data and privacy security, ATR Network uses neural network, deep learning and other technologies to deeply analyze heterogeneous data, extract useful data vectors, and integrates blockchain trust mechanism, multi-modal time series analysis and advanced privacy computing through advanced technologies, opening up a new field of decentralized AI application for the Web3.0 era. It is known as the "Web3 AI" supercomputer network. ATR is designed and developed in strict accordance with the technical specifications of the US payment system CBDC and the Monetary Authority of Singapore MAS on the intended currency PBM, and has obtained the US financial license MSB, and has carried out technical cooperation with the digital currency CBDC and Tokenised Bank Liability of multi-national central banks. And extensive online retail payment hosting arrangements, its optimized mining algorithm and new hardware architecture update, increase the advantage of reducing energy consumption, it is planned to complete in 2025, Binance Binance, Ouyi OKX, Coinbase, Huobi Global and other digital currency centralized exchange listing plan. As a native token built into ATR Network, ATB not only has strategic significance in the "ATR intelligent data public chain", but also builds an economic system with ATB token protocol, incentivize algorithm miners to contribute data models or data sets to earn ATB, and allow users to consume ATB to obtain these services, promoting the sharing and exchange of data value. Public chain :ATR Token: ATB (Launchpad Binance) The birth and development of ATR Network marks an important step on the road of data sovereignty return, privacy protection and rational allocation of resources, indicating that the Web3.0 world is about to usher in a new era with decentralized AI as the core power. Communitry:@ATRChain X:@ATR_Chain Website: https://atrnetwork.xyz
- May 6, 2024Blockchain
SENSE CHAIN: A New Digital Sense-To-Sense World where time is the main asset
Arllecta group of companies presents the launch of one of its flagship products in the development of the global digital economy. Sence Chain is a global digital business and entertainment network , where every person on our planet can earn money using one of its main life resources - time . One of the main functionalities of our network is, for example, ⮚ the creation of global sense contracts in any business and scientific industry with the involvement of specialists of any field from anywhere in the world. ⮚ receiving and issuing loans to network users. ⮚ cryptographic wallet with the ability to instantly transfer internal digital currency over the network to any user for any amount. ⮚ receiving investments for business projects. ⮚ cross-border transfers around the world in minutes. ⮚ chats with any participant in a sense contract or network. ⮚ receiving double earnings on each sense contract and others. 1 worked hour ( hourly rate ) = 1 Sense Coin (SC or S2S). 1 Sense Coin (SC or S2S) = $10. An hour , in the context of our network, means a working hour worked under a sense contract. A sense contract , in the context of our network, means a business contract implemented and stored in the network according to the rules of Sense Chain technology algorithms. Sense Chain is a digital sense-to-sense network where everyone in the world can earn twice per sense contract. Every user has got a wallet with different accounts for Sense Coin - native digital currency. The basic unit of measurement in the Sense Chain is the contract hour worked. All actions carried out by users in the Sense Chain are completely transparent and available for viewing on the website https://sensechain.info About the project Sense Chain is both a cryptographic network and a technology name with its own unique components, such as the proof of participation protocol algorithm, sense contracts and smart transactions. The impetus for the development of all this was the emergence of the Sense Theory a few years ago. Sense Chain is a springboard for business and work with the ability to store and monitor the execution of sense contracts. One of our goals was to create a pleasant and intuitive interface, like the banking app that we are all used to using. The network allows third-party developers to build their projects. “Every hour spent in the life of every network participant has value.” Founder of the Arllecta group of companies, Egger Mielberg. Our social networks: Telegram - https://t.me/SenseChain Discord - https://discord.gg/4d74W76m3E X - https://twitter.com/Sense_Chain Website - https://sensechain.info/
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