AI-based NFTs are expected to gain due to the Metaverse’s surge in popularity. Generative adversarial networks, are often used to

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During the last seven days, there’s been $2.53 billion non-fungible token (NFT) sales, up 161% over the past week. Ethereum’s blockchain recorded the most NFT sales with $2.45 billion of the aggregate while the Solana network saw around $31.9 million in NFT sales this week. Across 258,536 NFT buyers this week, the NFT collection Meebits […]

Flickto, a blockchain project focused on building a community-based launchpad, has continued to foster the adoption of its native token FLICK. It recently announced the launch of its IDO on the popular decentralized launchpad ADAX. According to Flickto, the launch is huge and exposes the general public to its innovative token. Details of Flickto’s IDO [...]

The post Flickto public sale goes live on ADAX appeared first on Blockonomi.

Block's Cash App has rolled out free Bitcoin Lightning Network transactions. The feature is live for most iOS users.

The post You can now send Bitcoin for free on Cash App, thanks to Lightning appeared first on Protos.

When it comes to consensus mechanisms, Proof-of-Work (PoW) is often dubbed as a relic of the past that is being replaced with other mechanisms such as Proof-of-Stake (PoS). The most common argument against PoW blockchains is that they are just too energy-intensive and costly. I’m sure you’ve heard this narrative if you’ve been in crypto […]

The post Kadena Deepdive! The Blockchain Trilemma solved?! appeared first on Coin Bureau.

Reading Time: 3 minutes MRHB (Marhaba) DeFi, the world’s first halal and ethical Decentralized Finance (DeFi) platform, is proud to announce their partnership with UAE-based crypto pioneer Masary Capital to bring DeFi opportunities to both retail and institutional clients in the United Arab Emirates and beyond, for the first time in the Islamic Finance […]

3air will kick off its public sale on November 26, as seen on the presale page.

3air Token Public Sale Details

The platform is building its upcoming public sale on the successful private sale rounds, which saw numerous participants joining. Currently, users register for the public sale and are awaiting Know Your Customer (KYC) and AML verifications.

The platform will sell the token at $0.06 at the public sale, which will offer the initial and final supply of tokens in presale rounds. To enter, you will need a minimum ticket of $600, while the maximum investment opportunity stands at $49,800.

The team securely developed the token on Cardano, utilizing the blockchain's IOHK Atala Prism Identity Management solution.

The platform will dedicate 20% of the 1 billion maximum token supply to the public sale. This allocation differs from the seed sale and private rounds, which represented 1% and 11% of total supply, respectively.

3air provides a detailed breakdown of its token sales. Also, the company believes that the disclosure of the token's distribution is crucial to prevent future supply changes.

The platform reassures its user base that all token distributions run on smart contracts. Therefore, you will receive your tokens once the sale closes automatically through an app on your ADA wallet.

Unfortunately, some countries will not be able to participate in token sales. The US, North Korea, Zambia, Central African Republic, British Virgin Islands, China, Venezuela, Iran and Iraq.

Tapping into Untapped African Markets

Investors have long recognized the African continent as a region full of potential and talent. However, the current lack of broadband internet and its supporting infrastructure causes a digital divide that slows down economic growth.

African cities can grow faster and thrive with more reliable internet connectivity. However, building telecommunication lines and burying fiber network cables requires substantial investments in infrastructure. Currently, internet providers focus primarily on business districts only, and Internet connections are limited and unreliable. A report by the World Bank estimates that it would take over $100 billion of investment and 10 years to achieve widespread broadband connectivity using traditional means.

3air recognizes this need for high speed internet and aims to close the digital divide faster and at lower costs. In a simulation of market potential using Nigeria as an example, 3air estimates that the value of the Nigerian markets' untapped annual revenue for Internet services is worth $60 billion. Establishing more affordable and faster internet connectivity would therefore not only benefit local populations, but token holders as well.

3air uses all these factors as motivation to provide broad premium bandwidth in African cities to previously underserved areas. In this regard, the platform relies on a talented and experienced team of specialists in IT, blockchain, marketing, and telecommunication.

Blockchain technology is leveraged by 3air to provide a trustless, decentralized environment that maintains security and user data protection. Users will be able to create digital identities, enabling access to bankless payments, health, work and education. Internet, TV and IP Telephony subscriptions will be paid for using the 3air token. The token will also be used for bandwidth sharing, HW insurance and maintenance, rewards, referrals, staking and community governance.

Fruitful Partnerships

Besides developing on Cardano, 3air is acquiring more partnerships to drive its vision to completion. One of these strategic collaborations is with the telecom service provider K3 Telecom. The Swiss company's patented technology will develop the broadband connection for 3air using innovative wireless technology that is able to set up high speed internet connectivity in a new region in a matter of months. 

Its optic grade air connectivity can provide 1Gbps internet speed and over 150 television channels. The technology, K3 last mile, is ready for the world, utilizing innovative technology, a functional business plan, and a successful proof of concept in Sierra Leone. Other 3air partnerships include collaborations with IT TIM, CV Labs Global, and iceaddis.

These business and technological joint efforts show 3air's commitment to providing Africa with better internet connectivity. Thanks to its innovative projects and ideas, individuals and businesses in African cities will finally upgrade to fast and cost-effective internet services.

-- Telos (www.telos.net), one of the most active blockchain platforms in the world according to Blocktivity, today announced that a group of six prominent crypto investors, led by John Lilic, ConsenSys and Polygon investor, co-founder and board member of Code to Inspire, have invested eight million USD into a strategic deal, which will provide a major capital breakthrough as Telos launches the most advanced Ethereum Virtual Machine platform to date. 

To date, the Telos blockchain has funded itself entirely from bootstrapping with no large investors. With this sale, Telos aims to secure a firm source of liquidity and ongoing funding for development and marketing without needing to resort to TLOS token sales in the event of a prolonged bear market over the next year. In addition to the eight million raise, the investment group will provide Telos with deep industry connections and deal-making expertise to accelerate the whale-less network's inroads into the crypto establishment. The Telos community will reap the benefits of the wealth of skills, expertise, knowledge and relationships brought in by five proven investors as Telos continues to ramp up for major new exchange listings and a flourishing DeFi ecosystem with Telos EVM that is now completing its mainnet launch.

As a uniquely grassroots project that never had an ICO or VC investment round before or since its 2018 mainnet launch, this strategic deal represents the first large investment in Telos by any group, with approximately 1.7% of the total Telos token supply being purchased. The investors entered the agreement via a community liaison when $TLOS tokens were trading at $0.90 USD and agreed to pay a $0.10 USD premium on the market price. In total, eight million tokens were sold at a price of $8 million USD and split between investors, with a maximum of two million tokens available to any individual investor within the group.

“Telos has walked a challenging path over the last three years without engaging the well funded, well connected investors common to other blockchain networks. While this preserved our identity as an egalitarian, self-governing community, it left us exposed to the risks of continuing to fund our explosive growth through extended bear markets. With this strategic investment, Telos welcomes partners who see our long term value, provide crucial connections and guarantee our ability to continue building our real-world-ready tools regardless of market conditions. At the same time, it further de-risks the ability for Telos to grow without sacrificing token support or community sustainability,” said Douglas Horn, Telos chief architect and whitepaper author. “I'm grateful for every single new Telos founder who joins us, but the investing track record of this group is particularly impressive. It's been rewarding working with them already, even before the deal was consummated. I see John and his group as true believers and partners in Telos's unbridled success. Frankly, these guys are badasses who have picked winner after winner, so it's thrilling to believe that they see the same potential in Telos.”

The funds sold were originally approved by a community vote in December 2020 and allocated by the community-elected Telos block producers as part of the Telos T-Bond NFT sale of January 2021 valued at $0.20 per TLOS. The community-selected stakeholders overseeing this allotment unanimously agreed to release the remaining funds for the strategic sale at five times the originally approved price, given the alignment provided by this investment round and the overall benefits to Telos. The arrangement enjoyed unanimous support from both the Telos Core Developers and Telos Foundation who recognized the strategic benefits of bringing in experienced investors.

The eight million USD in funds has been distributed to the network's Ethereum gnosis safe. Fund will primarily be disbursed to the Telos Foundations for marketing, Telos Core Developers for development and the community-managed Telos liquidity fund, which will provide a massive boost to its ecosystem as a whole via increased development, marketing and network liquidity.

The full Telos Technical Roadmap 2021 can be viewed here. 

ABOUT TELOS

Telos is the only blockchain that runs smart contracts written for both of the leading platforms: EVM/Solidity and EOS.IO/C++. Telos EVM is the most powerful and scalable Ethereum Virtual Machine available. Telos native leverages the speed, scale and power of EOS.IO smart contracts and boasts features like the Telos Decide governance engine for DAOs and dapps. Together, these create a smart contract platform built to power the mass adoption power Web 3.0. For more information, please visit telos.net

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