Road Town, British Virgin Islands, 8th December, 2021,
OpenOcean, world’s leading DeFi & CeFi full aggregation protocol, is delighted to announce the successful aggregation of Arbitrum as well as its leading decentralized exchanges – UniSwap v3, Balancer v2, SushiSwap, Curve, DODO, Synapse, and Swapr. It will enable OpenOcean users to trade with maximum returns on multiple Ethereum Layer-2 constructions.
“On the one hand, we know our users are trading on Ethereum and have been requesting us to aggregate more Layer-2 solutions to access cost efficient and fast trading while still being in the Ethereum ecosystem. On the other hand, we also know that some of our users have been hesitant or directly reluctant to trade on Ethereum due to the cost. With the Arbitrum aggregation we mash two potatoes with one fork and our users can swap around the trading universe with one-stop trading on OpenOcean” said Cindy Wu, Co-founder of OpenOcean
Arbitrum, a Layer-2 scaling solution on top of Ethereum, has recently gained serious commitment from large players and a rapid increase in total value locked (TVL). The network is developed with optimistic rollup technology that executes transactions on Layer-2 and submits the data to Layer-1. Its DeFi experience is the same as Layer-1 except for the transaction cost, which is dramatically lower than Ethereum.
“We are thrilled to have Open Ocean joining the Arbitrum ecosystem. Low-slippage aggregated DEX trading is a phenomenal use cases of Arbitrum’s low cost and instant confirmation, providing an excellent experience for DEX traders.” from Steven Goldfeder, CEO of Offchain Labs.
OpenOcean is an integral part of Web3, offering users maximum returns on decentralized assets across multiple networks without charging additional fees. The aggregation of Layer-2 constructions gives the option to further reduce the fees users end up paying on Ethereum due to network congestion.
Due to its stellar technology, team and timely launch, Arbitrum has become the undisputed Layer-2 leader with 40%+ market share of the Layer-2 TVL. It also boasts the most volume and the highest number of users among Ethereum’s Layer-2 constructions.
About Arbitrum
Developed by Offchain Labs, Arbitrum is an “Optimistic Rollup” scaling solution for Ethereum. It instantly scales apps, reducing costs and increasing capacity, without sacrificing Ethereum’s security. Porting contracts to Arbitrum requires no code changes or downloads as Arbitrum is fully compatible with most existing Ethereum developer tooling. Arbitrum has launched Arbitrum One on Ethereum mainnet and the team is already working with hundreds of projects that are building on Arbitrum One.
OpenOcean is the world’s first DeFi and CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and low slippage for traders across centralized and decentralized exchanges with no additional fees. As a one-stop trading entrance, it has aggregated major DEXes across public chains, including Ethereum and Layer 2, Binance Smart Chain, Avalanche, Polygon, Solana, Fantom, HECO, TRON, Ontology, and a CEX (Binance). OpenOcean will continue to support cross-chain swaps via bridges and cross-chain protocols, aggregate more DeFi and CeFi products, and launch intelligent management services.
As crypto ownership is becoming more prevalent, financial institutions are looking for ways to incorporate crypto into their offerings
Visa will provide its particular set of expertise in fintech and crypto as a part of its newly launched Crypto Advisory Services to help its clients and partners develop a crypto strategy roadmap
According to a recent survey conducted by Visa, 40% of crypto owners said they are likely to switch their banking provider to one that offers crypto-related services
Earlier today, the digital payment giant Visa announced the launch of the Global Crypto Advisory Practice offering, which will help the payment company’s clients and partners on their crypto journey.
Awareness of crypto is growing, banking institutions are looking for ways to stay relevant in the rapidly changing financial landscape
Visa’s new offering will tap into the growing anxiety of traditional financial institutions that lack blockchain expertise and face increased pressure from their clients to provide various cryptocurrency products and services.
According to a recent survey conducted by Visa, dubbed The Crypto Phenomenon: Consumer Attitudes & Usage, nearly 40% of crypto owners around the world said they would switch their primary bank to one that offers blockchain-based financial services in the next 12 months.
Additionally, out of 6,000 surveyed financial decision-makers, 94% said they have heard about digital currencies, while 32% revealed they own crypto assets. Interestingly, the share of crypto owners is higher in emerging markets, leading developed economies by 4%. Here’s the full breakdown of the survey’s data broken down by country and the level of crypto engagement.
Emerging markets lead developed economies in the share of cryptocurrency owners. Image source: Visa
According to Visa’s press release, Uma Wilson, executive vice president, CIO, and CPO at UMB Bank, said they turned to Visa to learn about new ways of serving their customers in the coming years. The digital payment processing giant helped UMB Bank produce a viable roadmap tailored to the bank’s specific set of needs and various business lines.
Terry Angelos, SVP and global head of fintech at Visa talks about the importance of having a crypto strategy as a financial institution:
“Crypto represents a technological shift for money movement and digital ownership. As consumers change their approach to investing, where they bank, and their views on the future of money, every financial institution will need a crypto strategy.”
Global Head of Visa Consulting & Analytics reiterated Angelos’ sentiment, “We’ve seen a material shift in our clients’ mindset in the last year,” and continued, “from a desire to explore and experiment with crypto, to actually building a strategy and product roadmap.”
Decentralized Finance (DeFi) has taken the crypto ecosystem to a new level, featuring all sorts of financial services. This nascent sector took off in summer 2020 following the launch of the first governance token COMP, which set the stage for liquidity providing and yield farming. Today, the DeFi market has grown to over $150 billion in total value locked (TVL), according to Dappradar statistics.
While the growth has been impressive, DeFi has opened a window of opportunity for malicious players to siphon funds from protocols and unsuspecting users. Per the latest Cipher Trace report, DeFi hacks accounted for close to 76% of the major crypto market hacks during the first half of 2021. This figure has since grown bigger following recent hacks such as the BadgerDAO hack, where a total of $120 million worth of crypto tokens was stolen.
The Latest Million Dollar DeFi Hack
The BadgerDAO attack is the latest of many DeFi hacks that have taken place in 2021. According to a security follow-up by blockchain and data analytics firm PeckShield, the hackers transferred a total of 2.1k BTC and 151 ETH from multiple wallets that were connected to the BadgerDAO UI. It has since emerged that the hackers inserted a malicious script in BadgerDAO’s UI, enabling them to intercept transactions and drain tokens to their wallets.
In one instance, 900 BTC was transferred from a single wallet, likely the most affected user in the BadgerDAO hack. While BadgerDAO quickly swung into action and paused all its smart contracts, it appears that the hackers had inserted the malicious script as early as November 10th. However, they had been operating it in a random sequence to avoid attracting attention.
As far as DeFi hacks are concerned, the Poly Network hack is the largest one to date. This protocol was compromised back in August, with hackers draining an estimated $600 million worth of crypto tokens. In a surprising turnaround of events, the hacker later agreed to return the funds with Poly Network offering them a $500k bounty and chief security advisor position.
“As of now, Poly Network has regained control of the $610 million (not including the frozen $33 million USDT) in assets that were overall affected in this attack. Once again, we would like to thank Mr. White Hat for keeping his promise, as well as the community, partners and the multiple security agencies for their assistance.” confirmed the Poly Network team.
Looking back at these events, it is quite evident that DeFi security is a major challenge in this growing ecosystem. While the Poly Network hack victims may have found a reprieve, BadgerDAO’s case remains uncertain. That said, it is fundamental for the DeFi community to establish proper security and compliance standards that will help mitigate such attacks in future.
Decentralized KYC Can Enhance DeFi Security
The introduction of KYC in crypto ecosystems might be controversial, but some experts like Cipher Trace chief financial analyst John Jefferies seem to agree on the need to implement proper security controls.
“If an anonymous hacker can steal millions of dollars from unnamable victims, then it’s clear this sector needs more effective security controls.” Jefferies recently told Cointelegraph.
Thanks to the capital inflow from VCs and individual investors, some DeFi projects are now focusing on the introduction of decentralized digital identities. One such innovation is the Selfkey ecosystem, which features a digital wallet that allows users to create authentic digital identities. Selkey users can leverage their digital identities as KYC to access various financial services, including fintech products, bank accounts and the Ethereum ecosystem.
Besides individual digital identities, Selfkey enables corporations to create decentralized digital IDs. Stakeholders can also include more information in the digital ID such as corporate identity documents. With this in place, Selfkey solves the long-standing barrier between institutions and the DeFi market. Notably, Selfkey users have an option to limit the level of KYC exposure depending on their preferences or compliance requirements.
As DeFi comes of age, it is inevitable for regulators to ignore the growing interest. This means that the community will likely be in a better position by innovating decentralized KYC tools to be used when necessary. However, as mentioned earlier, this is a contentious topic given that most DeFi die-hards believe the ecosystem should operate without interference from third parties or government agencies.
Wrap Up
Before the invention of Bitcoin, the only financial service providers were big banks and investment firms. While the pioneer digital asset primarily operates as a means of payment and store of value, emerging niches such as DeFi are giving big banks a run for their money. The value proposition of permissionless financial services cannot be underestimated in an era where a majority of the world’s population is still unbanked.
Nonetheless, security is a paramount issue for any market consumer, an area where DeFi has proven to fall short a couple of times. Going into the future, it will take the combined effort of innovators, consumers and regulators to make DeFi markets a secure investing ecosystem. This way, the industry will attract more individual and corporate players into the DeFi arena.
Forward Protocol has raised $1.25 million across two series of funding rounds, attracting investment from leading blockchain projects and venture capital groups such as Bitcoin.com, CVVC, AU21, X21, and GDA Capital.
Additional capital came from MEXC, Stakez Capital, Magnus Capital, MarketAcross, Basics Capital, CRT Capital, Polygon Studios, Master Ventures, BlackDragon, Tokenova, Lotus Capital, NFT Technologies, Darkpool Capital, Octopus Capital, ZBS Capital, IBC Group, Polygon Syndicate, Oracles Investment Group, Marathon Capital, Cuan Ventures, Ardura Capital, and Utopian Capital. Polygon also contributed a grant.
After raising $500k in its seed round, Forward welcomed investment totalling $700k in its private funding round as it draws closer to its goal of building Web 3.0 toolkits for a value-driven economy on a global scale.
‘Making blockchain technology simple to use for non technical people is the next logical step in our progression towards mass adoption of blockchain,’ said Forward Protocol Co-Founder Karnika E. Yashwant. He continued, “The value-driven economy is the next blockchain revolution.”
‘When you take away the barrier to entry you encourage participation rates to skyrocket,’ said Co-Founder Mitch Rankin. ‘We are adoption focused, providing open-source blockchain tools to enable any organization in any sector to use our toolkits to embrace Web 3.0 in a simple to use, drag and drop, no code environment” .’
Rankin’s statements were echoed by AU21 Alexi Nedeltchev, who added ‘Forward Protocol’s vision of creating Web 3.0 toolkits is revolutionary, and we see them leading this sector while accelerating the adoption of blockchain globally.’
About Forward Protocol Forward Protocol employs an easy-to-use WordPress-like model to facilitate a no-code environment that users can interact with even without technical knowledge. Also, Forward Protocol provides blockchain toolkits that connect the value-driven economy. The modular architecture and ready-to-deploy fully customizable smart contracts are designed for anyone to adopt blockchain technology, without any risk. The protocol’s modular design allows any organization to choose the module suited to their platform and modify it to be functional to their use case.
Taking advantage of the blockchain’s financial applications, Forward Protocol introduces the concept of an Initial Value Offering (IVO) among many others, which applies the crowd-funding model to blockchain. This is a kickstarter program on the blockchain, creating transparent fundraising opportunities and safety for backers. The Initial Value Offering (IVO) provides a solution for creators who need to invest substantial amounts of time and money into new products, but lack the certainty that they will become popular enough to cover the costs and assure profit for their product. It also protects prospective buyers’ funds in a similar way that the kickstarter platform works.
Bitcoin casinos are becoming an increasingly popular form of entertainment with online gamblers and casino punters – especially since the valuation of one Bitcoin has been steadily rising in 2021 in real-money terms from $20,000 to a high of $69,000.
For the savvy player that means all profits made in units of BTC from gambling at Bitcoin casinos itself rises in value over time, helping to make sure you overcome the house edge.
For example, if you make a profit of 0.01 BTC at the tables, that would be equivalent to winning around $1000 at a real money casino. However, if Bitcoin goes to $100k in 2022, or even half a million dollars over the next decade as some prominent investors such as the Winklevoss twins predict, your BTC will then be worth $2000 – $5000.
Safety of Bitcoin Casinos vs Traditional Casinos
How safe are Bitcoin casinos though? If you’re new to cryptocurrency you may have seen negative media articles spreading FUD (fear, uncertainty, and doubt) over the safety and security of using Bitcoin, even comparing it to criminal activity.
Fortunately, these urban myths have no basis in truth, and as long as you familiarise yourself well with how crypto works, using Bitcoin to gamble with is often safer than using fiat currency.
100% Anonymity
On traditional online casino sites that use ‘real money’ (although the cryptocurrency is debatably a better store of value and inflation hedge than fiat currency) for wagering, you’ll need to deposit using a credit or debit card – in your local currency of USD, GBP, EUR, RUB etc.
You’ll also need to provide personal information to verify your identity and that the bank card you’re using belongs to you, and enter your account number, sort code, and CCV in full.
That’s a lot of private information and financial data that it can be risky to provide to an online casino site – the gambling industry isn’t exactly known for its professionalism, even if the site is licensed and regulated.
Many Bitcoin casinos however pride themselves on being 100% anonymous, as they know fans of cryptocurrency have come to expect that – one of the ideals of Bitcoin is it allows people to ‘be their own bank’ free from government oversight and the monetary system.
On several of the leading Bitcoin casino sites, you are only required to enter an email address when you sign up, then deposits are done simply by sending Bitcoin to a wallet address the casino provides.
Withdrawing profits is also simple – just enter your own wallet address to cash out your winnings in a larger amount of Bitcoin. These are usually instant or processed in a matter of minutes – faster than bank wire transfers.
It is much harder to lose your funds through hacking or your details falling into the wrong hands when using Bitcoin – knowing your wallet address is not enough to access your cryptocurrency holdings, and you’re never required to enter any other details such as your private keys or seed phrase when purchasing anything online or depositing funds at a casino.
Those details are only needed when you’re accessing your own Bitcoin wallet, and you can combine your cryptocurrency transactions with the Google Authenticator app on your mobile device as a form of 2FA – two-factor authentication – for extra security.
Avoiding Scams
One downside to bear in mind is that if you are tricked into sending your cryptocurrency funds to an imposter’s wallet address – they can’t be retrieved, and unlike a bank, there is nobody you can appeal to for a refund. That is one advantage of banks, that they ensure you against fraud – although that is a small benefit when balanced against the low-interest rates of most savings accounts today.
To avoid cryptocurrency scammers always make sure you’re sending funds to the right person – if that’s an individual, check their username, handle, follower count, etc. all carefully.
In general, you should never be sending crypto to a person on the internet, and even with a business such as a Bitcoin casino never send all your money in one go – make a smaller test transaction first.
Also ensure you are sending the right type of coins or tokens to match the wallet address you’re transferring to – for example, if you send Bitcoin Cash (BCH) or Ethereum (ETH) to a Bitcoin address, those funds will be lost.
Many Bitcoin casinos do accept those cryptos and others such as Litecoin (LTC) and Tether (USDT), but they will provide a different address to match those if you choose one of those to deposit with.
To avoid ever inputting the wrong address, you can whitelist addresses you use often, such as the deposit address for a Bitcoin casino you’ve sent a test transaction to, and seen recommended on online cryptocurrency review sites such as InsideBitcoins’ page ranking the top 25 Bitcoin casinos.
Sites like Trustpilot, Twitter, and Reddit are also good websites to find player feedback and compare reviews of Bitcoin casinos.
Conclusion
The anonymity, speed, and investment value of holding Bitcoin make it a useful way of depositing onto online casinos and outweigh the risks of human error when making a transaction.
As a simple way to safeguard your funds simply remembers these steps:
Double-check you are sending funds to the right recipient
Remember to use the right type of cryptocurrency, whether it’s BTC or otherwise
Send a small test transaction and check it went through
Stick to reputable, licensed, and regulated Bitcoin casinos with positive ratings on online review sites
French game publisher Ubisoft, most well known for its Assassin’ Creed, Fary Cry, and Tom Clancy’s game franchises, is launching in-game NFTs on December 9
Ubisoft will become the first major gaming company to implement NFTs directly into one of its flagship games
Ubisoft Quartz NFTs will run on the Tezos blockchain for maximum energy efficiency
Earlier in the year, French video game giant Ubisoft unveiled its plans to deepen its commitment to blockchain gaming during its Q2 earnings call. Ubisoft acted on its plans very quickly – the gaming company will launch a beta version of Ubisoft Quartz, a desktop NFT marketplace, on December 9.
Ubisoft Quartz will let gamers earn, buy and sell in-game NFTs that run on Tezos blockchain
The non-fungible token (NFT) marketplace Ubisfot Quartz will require gamers to be at least 18 years of age and have a Tezos wallet. The first game to sport in-game blockchain-powered digital collectibles will be Tom Clancy’s Ghost Recon Breakpoint, an online military first-person shooter set in an open world.
Per the company’s press release, the NFT feature will first be available to players who have reached at least level 5 in the game and are from one of the following regions: Australia, Belgium, Brazil, Canada, France, Germany, Italy, Spain, and the United States.
Eligible players can look forward to NFT drops called “Digits”, which will feature numerous in-game items, such as weapon skins, unique gaming model outfits, and various unique loadout options. The promotion for early adopters will feature several free drops, slated for December 9, 12, and 15. Additional promotions are planned for 2022.
Nicolas Pouard, VP of Ubisoft’s Strategic Innovation Lab, spoke about the company’s blockchain ambitions:
“Ubisoft Quartz is the first building block in our ambitious vision for developing a true metaverse. And it can’t come to life without overcoming blockchain’s early-form limitations for gaming, including scalability and energy consumption.”
Players will have full control of their “Digits”, meaning they can choose to acquire and sell in-game cosmetic items on third-party NFT marketplaces, outside of the Ubisoft gaming ecosystem.
Ubisoft is no stranger to blockchain gaming and NFTs. The company made significant investments in the space over the past year, such as Animoca Brands, and has participated in the process of founding the Blockchain Game Alliance, which is a global “organization that is committed to promoting blockchain within the game industry.”
Ubisoft’s venture into blockchain gaming couldn’t have come at a better time. In general, the crypto gaming sector has experienced exponential growth this year due to new monetization mechanics and metaverse hype, with certain gaming tokens reaching market capitalizations larger than their more established non-blockchain counterparts.
The Ubisoft Quartz announcement trailer underscored the importance of the energy efficiency of the Tezos network and summarized the main benefits of the NFT-powered features.
Following yesterday’s Ubisoft NFT announcement, the price of Tezos exploded. The value of XTZ jumped by nearly 25% in the last 24 hours and hit a five-week high of $5.81.
Humans.ai, the heart-driven Ai-based infrastructure provider, prepares to launch its Initial DEX Offering (IDO) on Polkastarter, on the 9th of December. Through Humans.ai, researchers and users will convert their technology and data into digital assets through innovative use cases for non-fungible tokens.
Humans.ai intends to develop a new artificial intelligence allowing people to create anything they can imagine and scale human potential. Doing so requires an innovative approach, as the AI market is currently fragmented. The solution is simple and elegant: a platform that integrates data and technology to generate human digital DNA and make it accessible as an API.
Through Humans.ai, data providers will be able to customize (train) a neural network with their data. This will turn into a digital DNA, which can be used by apps, service providers and companies, such as Netflix, Amazon and others.
Humans.ai offers a platform at scale with a token-based reward system as a blockchain-based solution. In addition, the team is creating an AI NFT governance model by leveraging a transparent and distributed ledger. Starting with use cases for synthetic media, its technology is already being used by select partners and customers.
By using Humans.ai, you can scale with your digital self. Just like society keeps evolving, so will the tools provided by Humans.ai. The company leverages blockchain technology in order to make sure that all the parties in the ecosystem are fairly rewarded.
Moreover, Humans.ai established Proof-of-Human as the validation mechanism, in order to make sure that AI’s objective is aligned with the data provider’s objective. Users will become validators by sharing their biometric data, thus making sure that there is a human behind every AI decision.
This is made possible by using the power of the human heartbeat and biometric data, allowing humans to become network validators. Contributors will receive governance participation rights by sharing their heart rates.
Global interest in the Humans.ai projects keeps rising. Its team of over 30 members is committed to the project for the long term and is subject to a three-year vesting period.
The public sale for Humans.ai and its heart-drive AI is coming up. The team prepares for an Initial DEX Offering (IDO) on the Polkastarter platform, which will happen on the 9th of December 2021. Participants can acquire their share of $HEART tokens at a price of $ 0.015. Additionally, the mainnet launch for Humans.ai is slated for Q2 2022.
About Humans.ai
Introducing the first framework for ethical AI and blockchain, Humans.ai is creating an all-in-one platform for AI-based creation and governance at scale. Through its creative studio, token-based ownership and accountability system, Humans.ai is designed to ensure contributions are fairly rewarded and that every AI is kept honest over the long term.
The governance system will provide oversight to the technical and other functional aspects of the ecosystem, as well as to the creation and usage of AIs via the NFTs. Users can also submit proposals for the improvement of the ecosystem and/or raise concerns regarding an AI, App, or other usages for ethical review.
To participate in the Humans.ai governance system, a user must have a validated account and stake a minimum amount of $HEART for the life of their account. Similarly, to participate
in the governance over an NFT, the user will need to possess and stake that NFT’s governance token.
You can find more information on the IDO and the projects’ development on the Humans.ai: Website | Telegram | Medium | Twitter
3Space Art is thrilled to announce the official launch of its groundbreaking NFT platform that facilitates widespread use of digital art in the real world by placing it in physical spaces. It gives artists and collectors the opportunity to showcase their collections not just online but also in offline events and exhibitions.
Non-fungible tokens (NFTs) have witnessed a strong growth in demand in the last couple of years. New creators are entering the digital art space with an unprecedented number of unique works. However, the general population is more familiar with the physical displays of artwork than digitized art. The digital art market is restricted to online communities.
By using appropriate channels to display art ‘physically’ and by organizing events and exhibitions, 3Space Art acts as a bridge delivering digital art and NFTs to the real world.
3Space Art co-founder Yoon Kim said, “The NFT trend has given opportunity and hope for artists; and a new wave of creativity and expression has entered the scene. Our goal is to not waste these beautiful creations and allow more people to see it in their daily lives – during commute, during work – so that they too can experience the change.”
The platform has three main components: The marketplace, the Art Pool, and the offline exhibitions.
NFT Marketplace
It’s 3Space Art’s primary market where artists and vendors can sell digital art to a curated collector base using fiat or cryptocurrencies. The platform assists emerging artists with onboarding, NFT minting, and marketing.
Art Pool
A protocol for artists and collectors to showcase their art at offline locations by depositing their NFTs in a smart contract pool. When they stake their NFTs into the pool, artists and collectors give 3Space Art the exhibition rights so it could display the artwork in online and offline events. Showcasing at offline exhibitions helps artists find new buyers. At the same time, 100% of commercial proceeds and rewards are distributed among the participating artists and collectors.
Offline Exhibitions
Just like physical art, NFTs have become a popular decoration with emotional appeal. 3Space Art works with galleries, departments, and corporate offices to stream digital art from the Art Pool to the NFT display frames in their homes and offices on a monthly subscription basis. It counts among its clients art collectors and corporations looking to create a “culture complex” in offline locations.
About 3Space Art
3Space Art is a digital art platform where artists and collectors have the opportunity to showcase their collections in offline events and exhibitions, and earn recurring revenue by staking their idle NFTs in the Art Pool. Built to be a multi-chain platform, it enables users to mint NFTs on Klaytn as well as Ethereum blockchains at this point.
ETHEROS is a complete, decentralized world in the form of a platform providing a social application based on Blockchain Ethereum with elements of virtual reality play (VR), where users (players) obtain or buy specified “fragments” of space, place, or thing using the native Etheros token (ETS). The native token of the application can be obtained with the Ethereum cryptocurrency.
Etheros is not only a decentralized platform but also a concept of a new decentralized world where everyone can become the owner and the user of any place or thing according to their imagination. This is a world where social balance, with clear-cut and transparent rules, and respect for property give a new opportunity to all people regardless of their location or social status.
Etheros gives new digital value to every person and to everything that is created or discovered in a virtual world created in the likeness of Earth. Etheros is a representation of the world we live in, where everyone can get something for themselves forever.
Further down the road, each user can freely manage their space, place, and everything contained in it, as well as buy and sell everything of value from and to other users. Thanks to this value, built by each user individually, his financial situation and the of many other people can change. Most importantly, though, each such value can be preserved as a store of value, or it can be sold, transferred to other people or entities.
In the current, commercialized world, a lot of companies and corporations would like to participate in modern undertakings, and the need for marking their role and standing out from their competitors forms an opportunity for the owner of the given value to achieve financial gain. At the same time, it is an important image and marketing factor to such enterprises and corporations, one which gives additional opportunities to derive benefits from an owned value.
Every owner of a place, space, or thing determines its purpose. At first, users obtain a square space measuring 1 km2. Every such square is defined by a set of Cartesian coordinates (x, y) on a map. This applies to all continents, lands, and islands. Seas and oceans are not owned by anyone but are the common good of all users of the entire Etheros world. Each area (square) acquired by a user is a transferable digital resource based on the Ethereum Blockchain. To obtain one’s own space, it is necessary to buy the native Etheros token or its part, referred to as Etos, during presale and via decentralized protocols and exchanges. On this basis, the user can perform any activity in the application and take various actions, not available in such an advanced form before. Whitepaper on our web page presents the concept of the planet Etheros, its technical conditions, and the economic system — a new, fair Earth, decentralized among its users.
12 Reasons to Invest in the Etheros Token!
You will need the Etheros (ETS) token to act in that new world — to invest, trade money and exchange goods and funds. You will also be able to use it for trading on an exchange and making long-term investments.
The ETS token can be bought with different cryptocurrencies, e.g. Bitcoin, Ethereum, USDC, USDT (the digital dollar, a so-called stablecoin), BNB, LTC and more.
Do you already have your Etheros token? Get to know its 12 incredible utilities!
1. TRADING
The ETS token allows trading. This is a full-value token based on the ERC20 standard (Ethereum) and the BEP20 standard (Binance Smart Chain). You can trade it on exchanges for the most popular currency pairs, e.g. BTC, ETH, USDC, USDT, BNB LTC etc.
2. BUY & HODL
Investment-wise you will be able to get much higher returns by buying and selling spaces in the Etheros world.
Imagine a situation where you purchase the token for 1 dollar in a private or public sale. You use that token to buy a space, which you later put up for sale for 40 dollars (e.g. 1 km2 in Los Angeles). This equals a profit of 3900%. Hardly any other cryptocurrency will give you such an opportunity to make money at present. We’re expecting much higher gains that will break the current records set in the community, and lead to even higher gains.
3. THE ETS SUPPLY IS LIMITED
The Etheros token is deflationary (just like Bitcoin). On the other hand, traditional currencies are inflationary: this is why their purchasing power drops over time, e.g. the today’s United States dollar is a mere shadow of what it was worth 30 years ago. Therefore, a token such as Etheros is the best way to store your capital. Holding ETS coins raises their price because their number on the market is limited. If Bitcoin users did not hold BTC but kept selling them, their price would not go up as considerably as it does. Holding a token in the long term allows it to grow in price.
4. PASSIVE INCOME
The ETS token allows you to earn a passive income in several forms. One of the most popular involves holding a space, rich in valuable raw materials that are needed by users who create goods and services. You just have to be their supplier or generate a licence for mining. The profits will keep coming in.
5. POSSIBILITY OF SUCCESSION
No goal would make sense if it didn’t create value of its own in the long term. Let’s use education as an example. Since our early years, we have been investing in our development and skills, we’ve been widening our horizons and acquiring experience. All that is the inheritance that will stay with us for the rest of our lives. At the time of our death, some of that knowledge and achievements will turn into oblivion.
But what if we could keep a portion of that treasure? In the only durable and modern form available today — as the digital asset, secured on a blockchain? This is possible with Etheros! Everything you create and give value to will be remembered after you are no longer. The space, all goods, and whatever you would like to leave to your loved ones can be inherited. This is why you should not worry about the profits, goods, spaces or hidden assets you own in the Etheros world. You can appoint a successor to your wealth at any time using Bitcoin and Ethereum.
6. NFT
Looking at the developing NFT business, you might conclude that this is yet another interesting way to digitize everything unique. However, there’s no visual place where NFT owners could present their works, sell them or create them in a newer form in a complete ecosystem of interconnected structures.
The Etheros world comes to the rescue — its solutions are a perfect fit for implementing non-fungible tokens. NFTs in the Etheros world can be employed in a lot of ways known today. For instance, you can use them to release unique digital objects created by users in the given space. Those tokens can be collectables, products, digital works, licences, certificates or something else (all depends on the users’ creativity).
7. BUY SPACES IN THE ETHEROS WORLD (1 km² FOR $1)
The entire Etheros world consists of square areas called spaces and measuring 1 km². The total number of spaces is limited to 148,940,000 (it exactly matches the surface area of Earth). Owning the ETS token allows you to buy any space in that virtual world. Then you can use and develop it according to your imagination. Without it, it will be difficult to build or extract something.
Fancy owning New York? Or Rome? Or perhaps the Bahamas Islands? We have no doubts that the most well-known places on Earth will be the first to find their owners. The whole virtual world is available. The token lets you buy a space in the Etheros world and manage it at your discretion. There’s no doubt that the most popular places on Earth will steal the show. Who wouldn’t like to own New York? Or some islands in the Pacific Ocean? Or historic sites in Europe? It is you, the user, who decides.
8. ADVERTISE YOUR COMPANY IN THE ETHEROS VR GAME
The Etheros world enables businesses to advertise themselves. One of the traditional solutions in this department is an advertisement placed on spaces or buildings belonging to users. Having said that, there are many, many more ideas to expand advertising. For a businessman to be able to settle with a space owner, he needs to have the ETS token (which it will be able to buy from holders).
In the Etheros world, such advertisements can be bought, for instance by businesses. However, for an entity to advertise itself, it has to own the ETS token. It will serve to settle accounts with the owners of spaces, their lessees or the end-users, who can offer advertising on the structures they create. Or in any other form that can be commercialized.
9. PARTICIPATION IN DECENTRALIZED FINANCE
By buying the ETS token, you enter the world of decentralized finance, independent of third parties and financial institutions. It is you who becomes the real owner of your space. Not a bank. Thanks to the dedicated Payment System, you can take part in peer-to-peer payments.
10. TRANSFERRING PAYMENTS AND LOANS
Imagine a situation where another user, or simply your acquaintance, who has their own space in the Etheros world, needs some funds for investment. You can lend them money by sending it via the internal instant messenger in a matter of several clicks. This is allowed by one of the systems working in Etheros — i.e. the Payment System, incomparably cheaper and faster than the one currently offered by the expensive and sluggish Ethereum.
11. PAYMENT FOR GOODS, COMMODITIES AND SERVICES
Thanks to the ETS token, it will be possible to pay for everything the users of Etheros create in that world: from buildings to extracted raw materials. ETS can also pay for various services: e.g. lease, tenancy or delivery of raw materials or rare works, such as works of art, licences, certificates or other digital goods, which (while we’re about it) can also be transformed into NTFs.
12. PARTICIPATION IN AUCTIONS
To be able to take part in auctions, you have to possess the ETS token. This is a prerequisite for bidding and buying the spaces and goods put up for auction. This works the other way round as well. It is possible to sell anything by auction and the payment will be made using the ETS token.
CONCLUSION
Buying the ETS token gives you many possibilities of earning a profit. This is also an opportunity about which we have never written before — the details will be released in 2022. At this moment we can only hint that possessing the token will let you have something tangible in the real world and will be a form of a desirable access card, so to speak.
Don’t waste any more time and join this exclusive world combining Etheros with reality!
