With GM Informatics JSC at the helm of the crowdfunding platform for SMEs and entrepreneurs, GmCoin’s value proposition centers around decentralizing businesses by fostering transparent business practices ranging from the supply chain, payroll management, and data accessibility.
GMC, a TRC10-based token taps into the significant advantages of the Tron blockchain for receiving and sending payments while crowdfunding platform optimistic.be executes funding campaigns with additional startup services provided by GmCoin.
GmCoin is fully backed by GM Informatics JSC and its extensive client network with GMC aiming to showcase the considerable potential behind the current paradigm shift towards decentralized businesses.
ABOUT GMCOIN
In GM Informatics we try to promote the use of the blockchain within any environment and commercial sector, developing a token called GMCoin accompanied by business strategies and innovative projects that allow access for merchants, buyers, users and the general public to a transparent and decentralized economy to be able to interact effectively and quickly with technology.
ABOUT PROBIT GLOBAL
ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum and 700+ altcoins in 1000+ markets.
PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS
200,000+ community members 1,000,000+ monthly active users 3,000,000 monthly web visitors 50,000,000 users on partnering aggregators and wallets such as CoinMarketCap User interface of Multilingual website supporting 41 different languages Marketing and community support in 8 key languages
With a value proposition of connecting local and international influencer markets for maximum exposure, Influencer aims to produce social value by aligning the significant weight carried by the top influencers to increase the positive impact on consumers.
I’m influencer provides a hub for influencers, clientele, and management to collaborate while enabling knowledgeable industrial professionals to gain status as influencers. The project can serve as a launchpad to promote growing talent and connect them to networks for increased brand exposure, democratizing the process for the less-established names looking to break through the industry.
IMI tokens are a convenient way to pay and receive payments for services along with an IbdC stablecoin to purchase goods off the influencer market featuring products from popular influencers.
Influencer will also utilize NFT’s digital provenance capabilities to strengthen copyrights to various creative content to protect against fraud and unauthorized usage.
ABOUT INFLUENCER
The goal of the Influencer(ImI) Project is to invigorate the domestic influencer market and to create synergies through integration with overseas influencer markets. I’m Influencer is a platform that strives to meet the needs of professionals in their respective fields of interest and is designed to be more intuitive than the likes of Instagram.
ABOUT PROBIT GLOBAL
ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum and 700+ altcoins in 1000+ markets.
PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS
200,000+ community members 1,000,000+ monthly active users 3,000,000 monthly web visitors 50,000,000 users on partnering aggregators and wallets such as CoinMarketCap User interface of Multilingual website supporting 41 different languages Marketing and community support in 8 key languages
Real-time voting platform Cratos has officially partnered with ProBit Global to expand market liquidity for the community spanning 44,000 users deliberating across 58,000 diverse topics with the advantage of generating open political discourse.
As media manipulation continues to exacerbate widespread misinformation, Cratos establishes a vital source of unbiased, real-time polls based on a fair earning incentive to foster mass participation and inclusion.
The viable data market opportunity spanning over 50M users in highly political communities presents a gold mine of information for an accurate, updated gauge on public sentiment to be capitalized on by the big data industry, with the U.S. sector projected to reach $50.1B.
Cratos has achieved high engagement rates with its users logging an average of 1 hour on the current South Korean-exclusive app, enabling them to earn based on their role in creating, voting, and providing their insights on various polls.
Cratos aims to provide a flat $10,000 fee for large institutions to garner valuable data across a highly elective user base at a reduced price point thanks to its decentralized nature and removing physical barriers for participation.
The team has reserved 36% of the total supply for rewards distribution, of which 5% of the initial supply will be subject to a token burn whenever the app fails to attain 100% YOY user growth. Furthermore, 16% of the foundation’s tokens remain locked until H1 2022.
CRTS will also employ a halving mechanism to drop rewards by 50% every half starting January 1, 2022. Users reaching a minimum of 50,000 CRTS can withdraw their earnings pending a 2% transaction fee, and to maintain adequate rewards allocation, Cratos will periodically purchase tokens directly off exchanges.
Future endeavors for the project include a KYC-backed electronic voting system in Q1 2022 and market expansion into China and North America during Q2 and Q3 2022.
ABOUT CRATOS
Cratos is an ERC-20 utility token designed to facilitate citizen participation in the CRATOS mobile app, a real-time live vote platform, where users can generate a vote topic in her/his preference, and other users can participate in the vote. The demographic data will display immediately after voting while users on the app can earn Cratos tokens based on their activities.
ABOUT PROBIT GLOBAL
ProBit Global is a Top 20 crypto exchange worldwide servicing crypto enthusiasts with unlimited access to trade and buy Bitcoin, Ethereum and 700+ altcoins in 1000+ markets.
PROBIT GLOBAL IS A BRAND TRUSTED BY MILLIONS OF USERS
200,000+ community members 1,000,000+ monthly active users 3,000,000 monthly web visitors 50,000,000 users on partnering aggregators and wallets such as CoinMarketCap User interface of Multilingual website supporting 41 different languages Marketing and community support in 8 key languages
Cross-chain DeFi project Elk Finance is developing new products and services that are designed to alleviate the core problems with today’s DeFi
The Elk Finance team believes that the trio of problems, specifically bridge fragmentation, exit liquidity, and interchain messaging present the biggest limitations to a multi-chain future
To overcome these limitations, Elk Finance is developing a suite of services and products designed to boost the broader DeFi ecosystem
With the rising number of blockchain platforms over recent years, bridges are becoming a core component of the rapidly growing decentralized finance (DeFi) sector. Cross-chain solutions enable users to take full advantage of the increasingly fragmented cryptocurrency space by transferring tokens between different distributed ledgers.
Elk Finance’s ElkNet service supports major blockchain networks, including Avalanche, Polygon, Fantom, Huobi ECO, xDai, and Binance Smart Chain. However, the team behind Elk Finance is looking beyond the bridge functionality and believes that their project has the potential to revolutionize the space and resolve the most glaring problems that are plaguing DeFi space today.
The current approach to blockchain interoperability has several flaws
Cross-chain solutions are without a doubt a core component of today’s DeFi – without them, blockchain fragmentation would become a much more apparent problem that would hinder the progress and development of decentralized applications. Blockchain bridges facilitate the transfer of data and tokens between various chains that would otherwise be incompatible due to different underlying protocols, governance systems, and other differentiating factors.
Many of the project’s early users see Elk solely as a bridge solution. However, the team behind Elk has recently written a blog post, in which they listed several problems with the current state of affairs in the DeFi space and described how they intend to tackle them.
The first issue the team identified was the exponential growth of blockchain bridges, which has led to considerable fragmentation. In essence, a cross-chain bridge facilitates the transfer of tokens between chains by locking tokens in a smart contract on platform A and minting a corresponding amount of tokens on platform B.
The Elk team explained how conventional bridges operate by using USD Coin as an example:
“Conventional bridges operate through a simple lock-and-release mechanism: to bridge USDC from Chain A to Chain B, a user initiates a transfer by locking USDC tokens into a smart contract on Chain A, which then tells a contract on Chain B to release the same number of USDC tokens.“
The increasing number of bridges has created a situation where numerous token all represent the same underlying digital currency, but the tokens created via different bridging methods are not interchangeable. This has negatively affected the broader liquidity in the crypto ecosystem.
In a similar vein to the problem described above, the Elk Finance team has also discussed the problem of exit liquidity and advocates that a certain amount of tokens should be locked up at all times to facilitate transfers. The team sees two possible solutions to alleviate the problem of exit liquidity:
“There are ways to minimize the exit liquidity problem, such as bootstrapping a bridge with exit liquidity furnished by the protocol or restricting the amount of tokens that can be transferred.”
The interchain messaging problem, as the team dubbed it, is another issue that has to be resolved before we can enjoy a seamless interaction between multiple blockchains. The current process of relaying information across chains is slow and inefficient and relies on solutions such as oracles, proprietary APIs that exist off-chain.
Elk Finance is working and various services and products that have a goal of mitigating the problems listed above.
Elk Finance’s ElkNet, cross-chain stablecoin CHFT, and Proxy Tokens present elegant solutions to common DeFi problems
ElkNet is different from other cross-chain solutions in the market. It allows only transactions of the ELK token exclusively, which means that ElkNed doesn’t add to the problem of blockchain fragmentation. The team explains it best: “Elk is best described as a “value transfer” protocol: it is designed to bridge value, not tokens (other than, of course, ELK).”
The multi-chain decentralized exchange ElkDex is designed in such a way that all of its liquidity pools are bonded to ELK. Traders are able to seamlessly transfer digital value between different blockchains by exchanging their tokens for the corresponding amount of ELK, sending them across chains via ElkNet, and exchanging them into their preferred tokens once ELK are successfully migrated.
In addition to alleviating the problem of diminished liquidity caused by digital asset fragmentation, ElkNet solves the exit liquidity problem as well. Since it is always transferred in an exact 1:1 ratio, it means that there is never a shortage of ELK on the Elk network.
CHFT, the world’s first cross-chain stablecoin, features a novel “gyroscopic” design, which means that CHFT will be minted natively on supported crypto networks. While most stablecoins have their price pegged to the US dollar, CHFT (as the name suggests) will have its price pegged to the Swiss Franc (CHF). The minting process will require users to stake whitelisted tokens as collateral. CHFT will be overcollateralized with different crypto assets, which all but guarantees that exit liquidity will be available at all times.
The final piece that complements Elk Finance’s broader vision for the future of DeFi are the so-called proxy tokens. Using this method, users will be able to move their tokens between Elk-supported chains with ease.
“Our proxy token concept offers a practical solution to the bridge fragmentation problem by decoupling a token from its underlying asset.”
A small allocation of ELK along with the asset that the user wants to convert into a proxy token is a requirement to create proxy tokens. Once minted, proxy tokens can be freely transferred across the Elk network to any of the supported blockchain platforms. Users can redeem the underlying (locked) digital asset back on its native blockchain at a perfect 1:1 ratio.
While Elk Finance’s rise to prominence can mostly be attributed to its bridge solution, the project has far surpassed its original core offering and is rapidly expanding its network’s functionality.
French video game giant Ubisoft has unveiled its plans to deepen its commitment to blockchain gaming during the Q2 earnings call
Ubisoft has recently made a considerable investment in Animoca Brands, a video game company that specializes in blockchain gaming and NFT content
Ubisoft is a founding member of Blockchain Game Alliance, which spreads awareness about how blockchain can transform games
Ubisoft, a video game giant headquartered in Paris, has recently unveiled its plans to enter the rapidly growing blockchain gaming and non-fungible token (NFT) space. During the Q2 earnings call with shareholders, Ubisoft unveiled its blockchain ambitions.
Ubisoft has invested in blockchain gaming company Animoca Brands to increase its presence in the sector
Ubisoft repeatedly reiterated its commitment to further involvement in blockchain gaming during the call, with CFO Frédérick Duguet calling blockchain a “revolution.” The firm has recently made a considerable investment in Animoca Brands, which is one of the leading companies in branded blockchain gaming.
Animoca Brands’ platform is powered by a native REVV token, which allows players to buy, sell or hold digital items. The company is working on several racing games, including Revv Motorsport, Revv Racing and soon-to-be-released Formula E: High Voltage. Along with more conventional video games, Animoca has also developed a virtual world game dubbed The Sandbox, in which players can collect NFTs called “Sand.”
Animoca Brands’ NFT-based video game F1 Delta Time. Image source: Animoca Brands
Ubisoft’s CFO Frédérick Duguet explained the company’s outlook on blockchain gaming:
“[Blockchain] will enable more play-to-earn that will enable more players to actually earn content, own content, and we think it’s going to grow the industry quite a lot.”
Duguet continued: “We’ve been working with lots of small companies going on blockchain and we’re starting to have a good know-how on how it can impact the industry, and we want to be one of the key players here.”
In addition to investing in Animoca Brands, Ubisoft has made its intentions clear when it 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.” The organization’s board members come from some of the most prominent companies in the industry, including Sky Mavis (developers of Axie Infinity), ConSensys, Enjin, Delphi Digital, and Ubisoft.
It will be interesting to observe if Ubisoft plans to integrate blockchain and NFT elements into its existing popular gaming franchises such as Assassin’s Creed and Far Cry, or will the video game giant focus on implementing the distributed ledger technology in new game projects exclusively.
Ethereum has just achieved a historic milestone – the price of the world’s second-largest cryptocurrency surpassed its previous ATH set on May 12. Just a few hours ago, ETH reached a high point of $4,402 per coin and held a market cap of more than $520 billion, accounting for a roughly 20% share of the total cryptocurrency market.
Ethereum’s surge to a new peak value came nine days after Bitcoin reached its new all-time high on October 20. The rise in the price of ETH was accompanied by the total market cap surging past $2.65 trillion, close to its highest value to date.
Ethereum faced numerous hurdles on its journey to a new ATH. After reaching the then high price of $4,365 in mid-May, ETH faced severe selling pressure after the cryptocurrency industry underwent a strong correction at the end of May, which saw ETH drop to $2,350 on May 25.
Ethereum mounted a strong rebound after falling to a 6-month low on July 21, having gained 155% over the period of three months.
The bear market continued through the summer – ETH had fallen to its lowest point of $1,728 on July 21. Numerous critics came out of the woodwork to criticize the digital currency, pointing out that the transition to proof-of-stake consensus mechanism is taking too long and that the ETH network, with its high gas fees, is not equipped to handle the high load of a surging non-fungible token (NFT) sector.
However, the announcement of the Ethereum London hard fork scheduled for August quickly shifted the market’s outlook. Since then, the price of ETH has nearly doubled to reach today’s high point above $4,400.
On Wednesday, the Ethereum network underwent a new significant update. The upgrade of Eth2 Beacon Chain dubbed ‘Altair’ sets the stage for the eventual merge of the Ehtereum mainnet and Beacon Chain. Altair upgrade will likely be the last significant update before ETH shifts to PoS mechanism.
Finality was uninterrupted and participation dropped as low as 93.3% in the first Altair epoch (exact number to be confirmed). Participation is now above 95%.
Other altcoins have also benefited from the positive market sentiment introduced by ETH’s stellar performance. Notably, memecoins Shiba Inu and Dogecoin have exploded in value over the last seven days, gaining 157% and 19% respectively. With 30% gains, Polygon and Fantom are another two notable benefactors of the ETH-led altcoin rally.
In general, altcoins are gaining momentum on Bitcoin over the week. BTC dominance has dropped from its 6-month high of 51.4% reached on October 21 to 42.6% at press time.
It all started with Dogecoin. Jackson Palmer created his cryptocurrency in 2013 by combining bitcoin and the “Doge” meme, which was popular at the time. In this way, he wanted to show how absurd large investments in such unstable assets looked. But investors didn’t get the joke and started buying Dogecoin, bringing its market value to $400 million.
Many people apparently were not indifferent to Palmer’s success (although he himself quit cryptocurrencies and left Dogecoin). Cryptocurrencies now appear like mushrooms, many of them cause questions, some – laughter, and others – bewilderment. But that doesn’t stop them from becoming dense in our lives, becoming an alternative and popular way to pay in places like https://20bet.com/ca and many others.
We decided to collect the weirdest, funniest, and most ambiguous cryptocurrencies that you can actually buy today.
Petro
This is the official cryptocurrency of Venezuela – introduced by President Nicolas Maduro himself. According to him, it is backed by oil reserves, gas, gold and diamonds, and is designed to help the country’s economy survive under numerous sanctions. Pre-sales of Petro, according to the Venezuelan government, have already brought in $735 million, with intentions to buy Petro exceeding a billion dollars in two days. But who the buyers are is unclear to the end. In addition, the fact that the cryptocurrency is controlled by the same government does not inspire confidence in many.
By the way, this is not the first cryptocurrency created in Venezuela – previously there was Bolivarcoin.
KodakCoin
Kodak, which we all know as a manufacturer of photo equipment and accessories, decided to keep up with fashion and enter the crypto market. The company presented its own cryptocurrency KodakCoin at CES in January: it can be used to pay photographers for the use of their work and to make royalties.
In addition, the company has developed Kodak KashMiner mining farms, which it plans to rent out. However, the conditions are not so good – the tenants are more likely to go bankrupt than to earn money.
PotCoin
A cryptocurrency for those who are depressed. PotCoin was created as part of a decentralized banking infrastructure for the legal (and no other) marijuana market. You can use it to buy and sell legal marijuana in total safety, without fear of being mistaken by the police for a drug dealer or addict.
DentaCoin
And this is a one-of-a-kind cryptocurrency for dentists. Dentacoin is designed to help members of this profession build their own blockchain community with secure transactions, access to databases, and even services. Non-dentists are asked not to be disturbed.
TrumpCoin
Of course, Trump has a cryptocurrency. And while it’s not directly linked to the U.S. president, the website says it’s “integrated into Donald Trump’s agendas” and helps “fund projects both domestically and around the world,” including infrastructure, veterans issues, and border security. “Buy Trumpcoins today and help your people, your community, and your fellow citizens realize their true potential!” the site urges. It also has an original logo.
Putincoins
If Trump has his own cryptocurrency, Putin has two at once. One is called PutinCoin and was created to “pay tribute to the people and the president of one of the vastest and great countries in the world: Russia!” And the other is PutinClassic, which is positioned as a “digital souvenir” immortalizing the leader. By the way, when you buy five PutinCoins, you can get a statue of a waist-length nude Putin on a horse.
BitCoen
The world’s first kosher cryptocurrency. BitCoen was created by Jews for Jews around the world, at least that’s what it says. It has its own payment system, loyalty program, marketplace, and advertising platform. And 10% of all coins are automatically donated to Jewish charities. The platform recently had a successful ICO, I wonder if the transactions work on Saturdays?
Cthulhu Offerings
Cthulhu Offerings is one of the most mysterious cryptocurrencies discovered on the Internet. It seems to be based around some religion of worshiping a giant octopus, and the coins are supposed to be used to make ritual sacrifices. But that’s not certain.
Mooncoin
Mooncoin is a cryptocurrency and blockchain network in which the issue of coins is limited to the average distance between the Earth and the moon. They also have their own MoonWord programming language for developing decentralized applications. MoonWord is frantically plush.
The Useless Ethereum Token
As we hear it, we write it: Useless Ethereum Token is exactly what you think it is. The first ICO to openly and transparently guarantee investors absolutely nothing. “You give money to some unknown people on the Internet, they take it and go – buy themselves something with it. Probably electronics, for that matter. Maybe even a TV with a big screen. Seriously, don’t buy these tokens,” the website says.
Scallop is pleased to announce the native SCLP token made its way to PancakeSwap on October 28. 2021. Additionally, Gate.io trading went live on the same date. Providing broader access to Scallop’s ecosystem and asset, SCLP also achieved a World premier Listing on the KuCoin platform today briefly touching an ATH of $100 and is doing close to 20x at the time of this publication.
Scallop brings their native asset to multiple major trading platforms. The listing of SCLP on KuCoin, PancakeSwap, and Gate.io democratizes access to the asset and allows more people to use this ecosystem. SCLP is the native currency for Scallop’s on-chain DeFi banking ecosystem and is required to access products, rewards, and trading bonuses.
Paying fees on the Scallop platform is done through SCLP, as the asset resides on the Scallop Chain. For those unaware, Scallop Chain is the world’s first regulated blockchain. Users pay fees for trading digital assets and using the on/off ramps to convert between fiat and cryptocurrency. Additionally, institutional clients can use SCLP to pay management fees on the platform.
SCLP is a BEP-20 token on the Binance Smart Chain. Its initial supply consists of 8,450,000 tokens – from a total supply of 100,000,000 – at an initial market capitalization of $1,267,5000. Additionally, 23.5% of the tokens were allocated to strategic investors in Scallop’s seed funding round, with the remaining 76.5% reserved for the company’s business activities.
Scallop CEO and Founder Raj Bagadi adds:
“The distribution of SCLP into the hands of the public is a primary objective for the token. It maintains the ethos of our overall vision – which is to accelerate the transition to a more equitable and decentralised financial system. The exchange listings represent fairer access for regular people. I’m extremely proud of the staking program as it highlights the opportunities available in DeFi for the masses compared to traditional finance.”
Scallop is also kicking off its staking platform on October 28, 2021. The platform, found at app.scallopchain.com, will provide users with premiums on top of traditional value holders. As Scallop’s staking program provides freedom, it is not required to keep funds in a crypto wallet or exchange account. Moreover, it supports staking from 30 days up to four years. Staking longer periods yields higher rewards up to 200% APY.
About Scallop
Scallop is an innovative fintech ecosystem for users who want a faster, more efficient way to manage their crypto + fiat in a single place securely. Our mission is to bring digital assets into mainstream use and bridge the gap between decentralized and traditional finance. The company was incubated by leading blockchain project MahaDao.
Scallop allows users to buy, sell and leverage digital content using a built-in NFT marketplace synced with accounts, providing an extra layer of security and peace of mind. They also can earn the best interest rates from DeFi protocols like Compound and Aave with all the utility and none of the complexity. For more information visit https://scallopx.com/
Bistroo, the peer-to-peer food ecosystem based on blockchain, is delighted to announce that merchants now have the option to accept payment in multiple cryptocurrencies, including Bitcoin (BTC,) Ethereum (ETH,) and Binance Coin (BNB.) This move significantly extends the existing payment options, which include fiat currency and the platform’s native BIST token. It also makes Bistroo the world’s first food ordering platform to embrace cryptocurrencies and blockchain.
Following a successful raise of over $8 million in May, Bistroo has already been working hard to enable payments with its native BIST token. Thanks to a collaboration with Coinpayments, token holders can now spend BIST at any of Coinpayments’ 100,000 merchants operating in over 200 countries worldwide.
However, Bistroo is now expanding the collaboration and further cementing its support for cryptocurrency adoption by allowing its customers to make payments in one of five major cryptocurrencies – BTC, ETH, BNB, LTC, and BCH. To further promote the adoption of cryptocurrencies, Bistroo temporarily doesn’t charge commission on all crypto payments. This gives merchants an even larger slice of their returns and consumers receive a discount on their order. This discount is even larger when they choose to pay with the platform’s native BIST Token.
Bas Roos, CEO, and co-founder of Bistroo, said of the expansion into cryptocurrency payments: “Bistroo is on a mission to set ourselves up on the global stage with our unique business model. The future is moving towards a protocol economy where parties can directly interact with each other, and Bistroo is taking the first steps in that direction, offering a better value proposition for the food ordering platform market. Enabling our users to transact in crypto is an integral part of that journey.”
Food ordering platforms have boomed over recent years, making it easy to enjoy our favorite meals at home, but they’ve also made it difficult for the restaurants we love to sustain their business. Today’s platforms impose high fees on food merchants while controlling all data and payouts, as well as taking over customer relationships and loyalty. Ultimately, the model leads to higher costs for consumers and restaurants in the end.
Bistroo provides a peer-to-peer marketplace for food operators and customers that actually facilitates their connection instead of controlling it. The project launched its platform in 2020 and has since helped merchants reach over 25,000 customers and process over $2.3 million in orders, according to the live tracker on its website.
Merchants have full control over their payments, menu configuration, orders, promotions, and analytics. They can transact directly with their customers and are paid instantly when orders are placed.
Listing on Bistroo now also gives restaurateurs and food operators the opportunity to easily expand their payments services into cryptocurrencies, while leveraging the substantial benefits of using a peer-to-peer platform.
Bistroo’s ultimate goal is to become a global leader in PaaS e-commerce technology for restaurants and food shops. Bistroo.com aims to be the portal that will enable restaurants and specialty food stores all over the world to offer their products directly to their customers, for exceptionally low fees, instant payouts and with full control.
Crypto payments can also be made in the demo-store using the testnet:
Bistroo is a peer-to-peer marketplace for food & beverages, powered by the BIST Token. A protocol where food consumption can be easily organized and personalized against significantly reduced fees. Merchants are in full control of their payments, product selection, customer relations, orders, advertising, and analytics. Customers can have direct relations with their favorite merchants, earn rewards and get food recommendations that fit their taste.
Since launching in early 2020, Bistroo has processed over $2.3 million in orders from 25,000 unique customers.
