Tag: Generating
Meta’s Spark AR Reaches 700M AR Users
SyncDAO teams up with MANTRA DAO to use ZENDIT Launchpad for IDO
DeFi startup SyncDAO has announced that it will be partnering with MantraDAO to use their decentralized launchpad Zendit for their IDO.
Through the use of Layer 2 solutions, Zendit will help SyncDAO reach a wider audience and introduce more users to the opportunity to participate in DAO governance, an exciting new development that is allowing people the opportunity to contribute in a meaningful way to the communities they choose to be a part of. MANTRA DAO's use of proven Layer 2 scalability solutions will ensure that these services are fast and compatible between both projects.
“Working with a team that is focused on improving the whole space was super important to us, that's why we chose to work with MANTRA DAO. Their objective to give financial control back to the people was philosophically aligned with our goals at SyncDAO and made it an easy choice to partner with them.” - SyncDAO Co-founder Paul Holland
“Launching SyncDAO on Zendit is a great opportunity for us to introduce our community to a DeFi solution that is sorely needed and has been missing in the space. The combination of SyncDAO's Perpetual Vaults and their affiliate smart contract layer is a killer product”– MANTRA DAO Co-Founder John Patrick Mullin.
The partnership with MANTRA DAO is just one of several that the SyncDAO team is announcing ahead of its official launch.
SyncDAO seeks to give new users a simple introduction to DeFi where they will ultimately be able to access the best of DeFi returns from multiple protocols from inside the SyncDAO interface, saving the user from understanding the complexities of multiple platforms.
With their unique Perpetual Vault architecture, users simply stake their Perpetual Vault Tokens (PVT) to choose the return they want to earn. Working with MANTRA DAO will serve to introduce a wider community to all the opportunities of decentralized finance as well.
About SYNCDAO
SyncDAO is a Decentralised Autonomous Organisation (a DAO) founded by Rossco Paddison and Paul Holland. SyncDAO aims to bring DeFi to the mass market by incentivising referrals to its easy to use platform that offers the best of DeFi yield generating protocols via its Perpetual Vaults. SyncDAO is launching the first Perpetual Vault in November.
HOW PERPETUAL VAULTS WORK
The process of working with the Perpetual Vaults is easy. Users mint Perpetual Vault Tokens and deposit these into the high interest vaults. They can choose to earn interest in Stablecoins or may instead choose to be paid in a volatile currency like Ethereum, giving them the ability to continually dollar cost average into a blue chip asset that may appreciate over time.
Through the SyncDAO affiliate smart contract layer, anyone can be rewarded for referring new users to the Perpetual Vaults. These rewards will be a percentage of the interest earned on the deposits made by their referees. This is all managed in a permissionless manner through fully audited smart contracts on the Ethereum blockchain.
About MANTRA DAO
Mantra DAO is a community-governed DeFi ecosystem focusing on staking, lending, and cross-chain DeFi products. MANTRA DAO has built a suite of DeFi services including a multi-asset staking platform, money markets lending protocol, gamified lottery pool, and token issuance launchpad. The suite is natively built on Ethereum, with cross-chain products currently on Binance Smart Chain and Polygon, and is currently working on launching these services on Solana, HECO, and Polkadot in the near future.
CardanoEvo – The First Cardano Token Reflection Project
Having already paid out over 1/2 million dollars' worth of Cardano rewards to investors, CardanoEvo strives to mirror the ethics, transparency and charitable status of Cardano. Since the beginning, the team behind CardanoEvo built a strong and supportive community inclusive of investors who are interested in the long-term performance of this particular project.
Unique Features:
CardanoEvo is based on the BSC blockchain which is a smart contract that stands for frictionless yield and liquidity generating.
The blockchain rewards holders with reflections in Cardano that are funded by transaction taxation.
The CardanoEvo token also comes with in-built investor protection which means there is a limit on how many tokens a wallet can hold and transact.
There is an anti-bot function embedded in the fabric of CardanoEvo to avoid running into hackers and scammers.
Panic sell-off and hoarding which are inevitable woes of several crypto projects are discouraged in CardanoEvo smart contract.
There is an auto-added liquidity option that adds 3% of each transaction into liquidity providing.
Burn functions are not automatically activated but require manual indication so that deflation can be maintained when it is needed.
The Cardano evolution ecosystem applies a 15% ‘buy' and a 17% ‘sell' fee to each transaction respectively. Wallet transfers are also included in this fee which has several functions.
The various functions of the CardanoEvo smart contract help stabilize token price and thus the market capitalization.
Detailed Tokenomics Data:
Cardano is already one of the most prominent cryptocurrencies due to its decentralized nature and use-cases. But cardanoEvo in itself has an interesting token model that we have explained below:
The CardanoEvo token's majority (around 66.4%) is available on Pancakeswap. Developer wallets make up 2% of the total. The taxation model requires all buy transactions to bear 15% tax out of which 5% goes to marketing wallet, 3% to enhance liquidity, and 7% to Cardano token reflections. On the other hand, sell transactions levy 17% of sell tax out of which 8% is used for Cardano token reflections, 3% for liquidity, and 6% for marketing wallet.
The way the members of the community of CardanoEvo, contract, and the token reflections communicate with each other is exemplary and it unfolds as follows:
Investors put capital into a project
A tax is collected for each buy/sell transaction
A fraction of the tax goes to the buyback system
7% of the remaining taxes are swapped into Cardano to be redistributed among holders.
CardanoEvo token is under the process of getting listed in several well-known crypto exchanges and is already listed and traded on Coinsbit. For now, you can track all information of the token at CoinMarketCap, Crypto.com, Coinbase, and on Trustwallet.
What is EvoSwap Beta?
EvoSwap is a decentralized exchange that the CardanoEvo dev team has launched in its Beta mode. It is a system that would allow the swapping of cryptocurrencies. Using EvoSwap, any crypto can be swapped on the Binance Smart Contract.
According to the official notice, EvoSwap Beta is the first stage in the EvoSwao system. This decentralized exchange platform by the CardanoEvo team would also support future staking and more pairings in the days to come.
Roadmap of CardanoEvo
A glance at the project's ambitious roadmap and achievements completed tells us that CardanoEvo has a long way to go. According to the roadmap available on their website, the project has already completed its phase 1 & 2. It is currently in phase 3 at the moment and the dev team has planned until phase 5 of this unique project. Information regarding the upcoming phase would be released soon.
During phase 1 of its development, CardanoEvo achieved the following:
Token design & collaboration with associated contract designers
Draft whitepaper and creation of a roadmap
Confirmed the leadership team to guide the project.
Created International and ancillary boards along with Telegram main.
Started negotiations with influencers
During phase 2 of its development, CardanoEvo achieved the following:
Launched main website design
Social media presence built
Released the whitepaper
Completed contract testing
Marketing campaign awareness
Fairlaunch
Applied to CoinMarketCap and Coingecko
Added Cardano news blog
Coding started for EvoSwap DEX
Coding started for EvoNFT marketplace
Held AMAs in various Telegram group chats
Now in phase 3 of development, CardanoEvo is working on improving its service to cater to professional investors and all other community members. By now they have already;
Launched daily AMAs
Applied on Blockfolio App
Completed listing on Coinhunt and Gemfinder
Applied for Binance Smart Chain
Upcoming Plans for CardanoEvo
The best thing about CardanoEvo is its constant evolution. So far, CardanoEvo has launched its official website, EvoDashboard, EvoSwap beta, and also a merchandise store.
Prior to the end of 2021, the team is wrapping up some extremely ambitious enhancements and features to the CardanoEvo ecosystem includomg;
- Updates and enhancement to EvoSwap
- Staking abilities
- Additional currency pairings within EvoSwap
- NFT Marketplace
- A new companion utility token
- A new buyback mechanism
- A new boost mechanism
And while the CardanoEvo team won't go into specifics, they say two of the upcoming releases before the end of 2021, will include features never before seen on the BSC.
Being a community-led project, CardanoEvo shows immense potential to grow into something useful for investors professionally, ethically, and legally.
Coingecko : https://www.coingecko.com/en/coins/cardanoevo
CMC: https://coinmarketcap.com/currencies/cardanoevo/
Website: https://cardanoevo.com
Merch Shop: https://cardanoevo.shop
Telegram: https://t.me/CardanoEvo
Twitter: https://twitter.com/cardanoevoAWE 2021 Day Three: XR Safety, the Future of Games, and the Closing Address
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YouHodler Will Delist Bitcoin SV (BSV) to Protect Its Users’ Holdings
YouHodler, a fintech platform that helps people access the benefits of the crypto economy, announced that it would delist the Bitcoin SV (BSV) coins on November 9th, 2021. Current holders are able to withdraw their BSV holdings or exchange it for other coins. All trading deals and BSV backed loans will be closed automatically on November 9th and after that all BSV coins will be automatically converted to Bitcoin at market rate.
“Most crypto companies followed Binance which loudly announced its decision to delist BSV tokens back in April 2019. Relying on our core principle of letting customers decide what to hodl and trade, we held on to BSV much longer as people were still interested in hodling it”, says Ilya Volkov, CEO & Founder of YouHodler. “At this point the trust in Bitcoin SV plummeted and we can no longer allow our clients to hold it as it could lead to a total loss of funds. That's why we made a decision to delist BSV from YouHodler's platform”.
Bitcoin SV is a fork of Bitcoin Cash created in 2018 after a group of miners disagreed with the ecosystem's decision on solving the scaling issues. During the summer of 2021 Bitcoin SV suffered multiple 51% attacks, making the audience question the safety of its network. The people behind Bitcoin SV have also made dubious claims and attempted to manipulate the market. As of today, Bitcoin SV is the token #54 on Coinmarketcap and its market capitalization is shy of $3 billion.
YouHodler's users are able to convert their BSV to BTC, ETH, ADA, BNB, LTC, XLM, XRP, DASH, HT, DOGE and other popular cryptocurrencies and tokens. YouHodler's solutions open up connections between crypto and the real world, allowing people to use their crypto assets without spending them. With YouHodler, users can buy and sell crypto at any time, use it for purchases or put it in a reward account generating up to 12% yields. In addition, they can exchange crypto, fiat and stablecoins and get instant cash and crypto loans with their crypto assets acting as collateral.
About YouHodler
YouHodler is a fintech platform that helps people access the benefits of the crypto economy. It allows users to get instant cash and cryptocurrency loans, exchange crypto, fiat and stablecoins quickly and easily, and earn up to 12% APR + compounding interest by depositing crypto in their account. The platform has the highest loan to value ratio (90%), with minimum loan amounts starting at just $100 and accepts the top 30 coins as collateral with instant credit card and bank withdrawals included. YouHodler supports BTC, ETH, ADA, BNB, LTC, XLM, XRP, DASH, HT, DOGE and other popular cryptocurrencies and tokens. Users' funds are protected with Ledger's industry-leading and independently-certified security technology, as well as their insurance program. The company is an EU and Swiss-based brand with two main offices in Cyprus and Switzerland. For more information please visit https://www.youhodler.com