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  • Bit2Me Raises 5 Million Euros as Phase One of ICO Sells Out in Under 60 Seconds

    Bit2Me Raises 5 Million Euros as Phase One of ICO Sells Out in Under 60 Seconds

    Press Release:  Bit2Me has successfully sold out phase one of the most successful token issue in Spain, raising 5 million euros through its B2M token in under 60 seconds. 

    Madrid, September 6, 2021 —  Bit2Me has closed the first phase of its ICO (Initial Coin Offering) in just 59 seconds, raising a figure of 5 million euros. This is the most successful token issue ever launched in Spain. The second phase will start on September 13 and the third phase on September 21. 

    Record-Breaking ICO

    The Spanish cryptocurrencies platform had already raised 2.5 million in a private round in early August. In total, it has achieved an investment of 7.5 million euros through its B2M token, which can be reserved from the official website. 

    After the success of the first phase, the company is preparing the second phase of the ICO, which will take place on September 13, with the greatest of guarantees. The third and final phase will start on September 21. It is possible to join the queue for both and schedule a purchase through a form available on the website.

    On September 6, Bit2Me issued a total of 500 million tokens. Another 500 million will be put into circulation in the second phase, while 250 million will be launched in the third phase. In total, Bit2Me will issue 1.25 billion tokens.

    Global Appeal

    The interest in the ICO was so great in the days prior to the first phase that the company opened operations in 13 other countries in order to meet demand. In this way, citizens of Uruguay, Panama, Colombia, Bolivia, Puerto Rico, Costa Rica, Ecuador, Guatemala, Honduras, Jamaica, Dominica, Martinique, and Guyana had the opportunity to invest in B2M. These countries join the more than 70 others in which B2M operates.

    Bit2me CEO and Co-founder, Leif Ferreira stated: 

    “It was very important for us to demonstrate that from Spain we can also digitally transform the world in the style of Silicon Valley. We are the pioneers in a technology that is revolutionizing the whole planet. We have demonstrated why we are one of the engines driving this disruptive proposal”, 

    One of the advantages for B2M token holders is that they will be able to benefit from discounts of up to 90% on commissions, access better conditions for various associated services, and play a role in governance for certain decisions in the company’s future.

    Bit2Me Socials 
    Telegram | Twitter | Facebook |Team

    Media Contact Details
    Contact Name: Victoria Salas
    Contact Email: media@bit2me.com

    Bit2Me is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

  • Binance US Plans on Going Public Within the Next Three Years

    Binance US Plans on Going Public Within the Next Three Years

    Binance CEO and founder Changpeng “CZ” Zhao recently revealed that the US arm of the Binance cryptocurrency exchange plans to conduct an initial public offering (IPO) within the time frame of the next 3 years.

    Key takeaways:

    • In an interview with The Information, Changpeng Zhao said that the US counterpart of the largest cryptocurrency exchange in the market is looking to go public in the next three years.
    • If everything goes according to plans, Binance US is hoping to follow in the footsteps of its main rival Coinbase, which has conducted its IPO earlier this year and reached an initial market cap of $85.8 billion on a fully diluted basis. At the time of this writing, Coinbase is trading at $278 per share.
    • Binance was forced to launch a strictly American-focused cryptocurrency offering in the form of Binance US due to the increasing pressure from the US regulators in 2019. A year after the launch of Binance US, US-based residents were prohibited from using Binance’s global exchange.
    • As of right now, Binance US is not accessible to residents of Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, and Vermont, according to the exchange’s frequently asked questions (FAQ) section.
    • According to the executive director of crypto exchange CEX.IO Konstantin Anissimov, every centralized crypto exchange is likely considering going public after seeing the success of Coinbase’s public market trading debut, he told Decrypt.
    • Anissimov added that before Binance US successfully pull off a public offering it has to disclose audited financial statements and various internal documents and wonders wheter the world’s largest cryptocurrency exchange is prepared for such a level of 
    • Given the amount of regulatory scrutiny Binance underwent in the last few months, Anissimov adds, the US arm may be forced to “structurally and substantially disassociate” from the international Binance venture if it hopes to successfully launch an IPO within the planned time period of three years.
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  • ABEY Token, Up 400%, Now Listed On Liquid Global

    ABEY Token, Up 400%, Now Listed On Liquid Global

    Today’s breaking news in the world of tokens includes the addition of a new token, ABEY, to the large crypto exchange, Liquid Global. The ABEY token is the native token on ABEYCHAIN, a third-generation blockchain that offers scalability through the unique combination of multiple consensus methods. 

    It’s the second listing on a major exchange for the ABEY token, as Liquid Global follows the ZBX.one exchange, which listed ABEY at $0.61 in 2020. The price of the token has jumped over 400%, now trading at around $2.50

    Based on daily traded spot volume, Liquid is consistently ranked among the top 10-20 regulated cryptocurrency exchanges globally, home to more than 800,000 crypto traders and enthusiasts and operating in over 100 countries. With 80 tokens listed, Liquid Global recently achieved an all-time high of more than US$1.1B trade volume in 2021.

    This listing on Liquid will serve as a new milestone for the ABEY Foundation, as it looks to make the ABEY token available to even more people around the world. With this new listing, ABEY token looks to continue its upward price trajectory as it gains exposure to Liquid’s massive user base.

    Scalability remains a fervently debated topic. The engineers behind ABEYCHAIN are betting that the combination of Delegated Proof-of-Stake (DPoS) and Proof-of-Work (PoW) consensus enables a multi-layered blockchain without the trade-off between decentralization, security, and efficiency. 

    Projects valuing speed often compromise decentralization. Whereas on Bitcoin, attempts at scaling have taken place on a second layer with technologies such as Lightning Network and RSK seemingly leading the way, Ethereum’s core team has taken a different approach: redesigning the blockchain from the ground up and redeploying as eth2. Ethereum side chain Polygon has captured the imagination of blockchain scaling enthusiasts looking to scale eth2 and lower gas costs, layer one protocols have long investigated the topic. 

    ABEYCHAIN solves these challenges on an entirely new chain. The wisdom of past blockchain experiments has been built into the technology. A long line of white papers, academic papers, social media debates and more have pushed the concept of efficient, public-based consensus forward. In the view of ABEYCHAIN’s engineers, this history of thinking on the topic points towards the double consensus mechanism with the specific implementation of DPoS and PoW. 

    DPoS consensus algorithm ensures blockchain security, while allowing participants to govern the network through a form of digital democracy. Dan Larimer originally designed the DPoS system. He is an American software developer and founder of BitShares, Steemit, and EISIO. Blockchains built on top of DPoS platforms include Wax, Worbli, and more. Well-known DPoS blockchains include Lisk, Steem, Waykichain, EOS, and BitShares. 

    While PoW is incorporated to afford blockchain security and decentralization, it lacks elements of governance. This was precisely OG Bitcoin developer Mike Hearn’s critique when Bitcoin failed to scale. He believed Bitcoin’s lack of on-chain governance undermined its ability to adapt. 

    Supplementing PoW with DPoS could be the solution to this conundrum. DPoS allows for participants in the system to govern the system with voting and elections designed primarily to protect blockchain from malicious actors and more. On a DPoS blockchain, users specifically vote and elect delegates to validate the next block. Delegates might also be called witness or block producers in a DPoS system. 

    Another central argument for DPoS is its more efficient use of energy when compared to first and second-generation blockchains. Bitcoin is notoriously inefficient when it comes to energy usage, and the world has taken notice. Tesla stopped accepting Bitcoin for its electrical vehicles after the story of Bitcoin’s energy use wouldn’t go away. DPoS has proven to be effective at addressing this age-old blockchain challenge. The diminished energy consumption DPoS provides makes for less expensive transactions. 

    Since Bitcoin failed to scale its technology, at least in the eyes of many, the use cases for Bitcoin have only multiplied. Satoshi Nakamoto’s original blockchain has in many ways been left behind, as blockchain has proven useful in decentralized finance (DeFi), non-fungible tokens (NFTs), as well as cryptocurrency as a medium of exchange. 

    Most DeFi apps have been built on Ethereum. As the use of so-called dApps (decentralized applications used to run DeFi) has increased over the years, we’ve seen increasing strains placed on Ethereum, leading the team to rebuild the protocol from scratch; that is, eth2. 

    While Bitcoin lacks a governance model, Ethereum’s governance shortcomings have been well documented. A PoW and DPoS fusing blockchain could create fairness, lending all users a voice and power. ABEYCHAIN uses these concepts to scale the future of global blockchain infrastructure.

  • The 1inch Network partners with Take My Muffin animated series

    The 1inch Network partners with Take My Muffin animated series

    The 1inch Network, a major DeFi project focused on DEX aggregation, and Take My Muffin, the world’s first animated NFT series, are happy to announce a general partnership agreement.

    “A partnership of this kind comes as no surprise,” says Anton Bukov, 1inch Network co-founder. “Take My Muffin was financed by the crypto-community from the very beginning, it’s actually the very first crypto-funded animated series, while the 1inch Network is one of the most promising and successful projects in the crypto space.”

    “The plot of Take My Muffin entwines a variety of modern tech elements, including decentralized finance (DeFi) and other blockchain-based solutions,” comments Pavel Muntyan, the series’ producer. “Therefore, integration with leading companies in the crypto industry seems like a natural development. By the way, there is still an opportunity to sponsor the series by investing in NFT-tokens of the project on Rarible!”

    Take My Muffin, an animated series for adults will be released in the first half of 2022 on the 2×2 TV broadcast network and PREMIER streaming service. The production plan includes three seasons of ten episodes each.

    Official trailer:

    https://www.youtube.com/watch?v=eiUaO72we20

    The series chronicles the misadventures of amnesic Unicorn Korney – who discovers he has the superpower to generate billion-dollar startup ideas! To get his memory back, Korney must strike a deal with three-eyed business-cat Rok – who surely has his ulterior motives, about which poor Korney is clueless. The story is set in an “acid-trip version of Palo Alto”, where robots live next door to dragons and walking potatoes, while investors pump their money into developing revolutionary products such as psychedelic boogers.

    Buy 1INCH
  • TRON Enters Strategic Partnership with Talken

    TRON Enters Strategic Partnership with Talken

    Singapore, Singapore, 3rd September, 2021,

    TRON, one of the world’s largest and most popular blockchain-based operating systems, has recently announced a new strategic partnership with Talken, Korea’s leading Multi-Chain Decentralized NFT Wallet. As part of this partnership, the two teams will strive to build an NFT world with extensive and borderless content and jointly provide digital creators and collectors with better tools and services for the NFT ecosystem, crypto market, and Metaverse.

    Talken is an NFT infrastructure token with a community of over a million users, established to provide users with a secure and convenient NFT asset management platform. It connects NFT participants with extensive assets and grants users one-click access to globally renowned NFT platforms such as OpenSea, Rarible, and NBA TopShot. Meanwhile, Talken supports application-wide actions, including NFT minting, auctioning, storage, and transaction through its software wallet. 

    Talken has already been deployed on TRON as part of the strategic partnership. As a premium public chain equally competent in its ecosystem, performance, and security, TRON provides a better user experience and diverse asset choices for NFT participants. On the flip side, Talken can bring TRON users a better NFT interactive experience with its efficient one-stop wallet for content creation, auctioning, collecting, and trading. 

    Following its deployment on TRON, Talken plans to provide TRON users with unique co-branded NFTs that have both commemorative and monetary value and offer additional benefits to NFT holders to promote the partnership between the two. Going forward, Talken will deepen its collaboration with TRON for the shared prosperity of the two communities. 

    The TRON ecosystem has gained incredible traction in recent years with over 52 million users on the blockchain and upwards of 2.3 billion transactions. In addition to the public chain, TRON also leads other races such as DApps, DeFi, GameFi, and NFT and boasts the largest circulating supply of stable coins across the globe.

    About TRON 

    TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting nearly 100M monthly active users. The TRON ecosystem has gained incredible traction in recent years, with over 52 million users on the blockchain and upwards of 2.3 billion transactions. In addition, TRON boasts the largest circulating supply of stable coins across the globe, overtaking USDT on Ethereum in April 2021. 

    Website | Telegram | Medium | Twitter | Reddit

    About Talken 

    Talken is a multi-chain decentralized NFT wallet with the largest community. It is a seamlessly interoperable multi-chain NFT Suite, where K-pop stars, artists, and influencers can mint, auction, store, and trade NFTs. Talken is an open NFT ecosystem bridging untapped NFT enthusiasts of Korea to Talken’s native NFTs and other famous NFTs by protocols such as NBA TopShot, Rarible, OpenSea, and more. Our mission is to push for an inclusive and border-less NFT expansion, and empower digital creators and collectors with better tools and services to bring NFT mainstream.

    Website | Telegram | Medium | Twitter

    Contacts
    • Anjali George
    • Press@Tron.Network
  • Guardian Link Announces Partnership with BeyondLife.Club, Launching Amitabh Bachchan’s First-ever NFT Collection

    Guardian Link Announces Partnership with BeyondLife.Club, Launching Amitabh Bachchan’s First-ever NFT Collection

    Press Release: No-code NFT platform Guradianlink.io announces its strategic partnership with Beyondlife.Club, an exclusive platform for artists, brands, and celebrities from different fields of entertainment. 

    3 September 2021, Singapore — Influential Indian actor, producer, and TV host Amitabh Bachchan is all set to launch his first set of NFTs with BeyondLife.Club, powered by Guardian Link. The blockchain R&D company will partner with the exclusive brand platform BeyondLife.Club, owned by Rhiti Entertainment, Singapore to make the purchase of NFT art belonging to Amitabh’s legacy a reality for any individual. 

    Taking NFT Art Global 

    This sphere creates a platform for global artists, athletes, and celebrities where they launch their first-ever NFTs, an exclusive curated collection presented at a global scale. NFTs preserve information on a digital ledger (blockchain network) guaranteeing a certificate of authenticity to a digital asset, can be uniquely identified, and are trackable via the blockchain network that offers proof-of-ownership to its collectors. 

    NFT sales volume is experiencing huge growth in the market, with $2.5 billion in sales recorded in the first half of 2021. The extensive team of researchers at Guardian believes that now is the perfect time to enter the NFT space, as many celebrities and influencers introduce exciting new projects. Arun Pandey, MD & Chairman of Rhiti Group stated that the biggest motivation behind this venture is to empower artists, celebs & athletes globally and at the same time help the diehard fans to get their hands over the purest form of the content.

    Guardian Link is a unique project and it has three core aspects that are critical to making NFTs mainstream. These three core foundations are its No-Code NFT Launchpad & Marketplace, Anti.Rip technology, and a solution called Wallet Cipher. 

    No-Code NFT launchpad & Marketplace Creation 

    The No-code NFT launchpad allows creators to mint and sell their NFTs within three minutes via their own curated launchpads. BeyondLife.Club would be the first to accelerate this. At Guardian Link, royalties remain intact even with cross-blockchain and cross-marketplaces. Guardian Link also allows NFT marketplace creation, where NFTs can be flexibly traded. It is considered to be similar to OpenSea or Rarible. 

    Anti.Rip Technology

    Anti-Rip AI SPYDER Technology allows NFTs to be monitored across the web for duplicates, Rip-offs, and copycats that can damage the authenticity and impact the auction. The Anti.Rip AI technology is trained to extract the DNAs of NFTs from their respective decentralized file systems, including Pixel, Quantization, Geometric, Fourier transform, Filtering, and Segmentation. Guardian Link keeps a record of all NFTs, and shares information in the unlikely event of any duplications discovered with their constant surveillance. It also verifies NFTs to be authentic, offered to the buyers.    

    Wallet Cipher  

    Guardian Link’s wallet cipher observes the creator’s and collector’s wallet addresses to assure no manipulation in the price of the NFTs. Detailed real-time tracking also happens across blockchains to arrive at a trust score to be defined for their wallets. This ensures the legitimacy of the entire NFT commerce ecosystem.

    Founders & Team 

    Leading from the front, Keyur Patel, the Co-Founder and Chairman of Guardian Link, Ramkumar Subramaniam, Co-Founder & CEO helming the project to democratize NFT commerce with astounding technology partnerships and insight into future trends. Arjun Reddy (Co-Founder & CTO), the mastermind behind many blockchain products and has this intuitive vision to bring dlt in real-world use cases, Kamesh Elangovan (Co-Founder & COO), a crypto expert who executed 50+ token launches. This blockchain-driven entity aims at protecting the NFTs using their Anti-Rip AI Engine and also to ensure royalties for creators across various marketplaces and blockchains.

    Ramkumar Subramaniam, Co-Founder & CEO of Guardian Link stated that: 

    “Our entire team is happy to see our research efforts culminate to create this moment. NFTs are going to govern every aspect of Fintech very soon and Guardian Link will serve the NFT ecosystem from every angle.”

    Guardian Link is a face of intensive work methodologies, technological experts on the table, and a team of 350 crypto avengers that has developed since 2016. Their research and development belong to the arena of blockchain technology and its business on a global scale. Guardian Link’s base in blockchain technology is here to analyze and rectify the current and future issues under NFT and crypto space. The entity provides key solutions for the stakeholders and supports the journey through, to be more aware and technically equipped. 

    Guardian Link Socials
    Telegram | Twitter | Discord

    Media Contact Details
    Contact Name: Ramkumar Subramaniam
    Contact Email: info@guardianlink.io 

    Guardian Link is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

  • Binance and APENFT Are to Cohost the ApeAvatar Charity Mystery Box Event on September 6

    Binance and APENFT Are to Cohost the ApeAvatar Charity Mystery Box Event on September 6

    Binance and APENFT are co-hosting the “ApeAvatar” charity mystery box event on September 6. Centered around charity, the 60-day event incorporates NFT celebrity avatars and mystery boxes of designer toys to unleash greater potential for the NFT ecosystem. This marks another collaboration between the two after the “Genesis” NFT auction in June.

    It is understood that the “ApeAvatar” event comprises two major sections – charity avatar claiming and the sale of select mystery boxes.

    APENFT will create well-designed cyberpunk-style NFT avatars of 50 global influential people including Justin Sun (founder of TRON) and Changpeng Zhao (founder and CEO of Binance) for them to claim. For each of the avatars claimed, APENFT will donate $5,000 to international philanthropic organizations such as One Tree Planted and Koala Clancy Foundation in support of their tree planting projects.

    In addition to the novel “celebrity + charity” activity, a select series of mystery boxes in a similar style to the celebrity avatars will also be launched at the event. This series features the classical Mona Lisa and David of Michelangelo, with each image composed of three independent parts – body, clothing, and colors – to endow the NFTs with uniqueness.

    Earlier in June, APENFT joined hands with Binance and TRON and hosted the first auction on Binance NFT, which was titled “Genesis”. At the exclusive auction, the NFT version of “Three Self-Portraits” by Andy Warhol, a household pop artist, was sold for a spectacular $2.8 million. A total of 100 NFT artworks from the three series derived from “Three Self-Portraits” were sold out on Binance NFT as well. The auction concluded with record success on all fronts, including the quality and quantity of auction items and the closed deals.

    APENFT and Binance are working together again to launch this ApeAvatar event, drawing on the clout of KOLs on social networks for charity auction and leveraging the blockchain technology and NFT to boost support for philanthropic activities. This event showcases the potential in NFT, as well as the commitment of APENFT and Binance to the NFT field.

    APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the world’s largest distributed storage system BitTorrent to deliver the mission of registering world-class artworks as NFTs on the blockchain. The foundation owns a collection of works by famous artists such as Pablo Picasso and crypto artists Beeple and Pak, with a total value of more than $30 million.

    Embodying the combination of “art + technology”, ApeAvatar guides people to co-build the Metaverse and to create a new era of digitalization, during which APENFT and Binance NFT will serve as a bridge for this great migration while fulfilling their own missions.

  • Leading Digital Bank Chooses Tezos to Expand DeFi Offerings

    Leading Digital Bank Chooses Tezos to Expand DeFi Offerings

    • EQIFI is a leading DeFi platform powered by the global digital bank, EQIBank
    • EQIFI has chosen Tezos to launch new yield and lending products

    British Virgin Islands, September 2, 2021 — EQIFI, a regulated and licensed decentralized finance platform, has announced new products supporting the Tezos blockchain ecosystem. EQIFI has chosen Tezos because it is a leading Proof of Stake network with time-tested on-chain governance, an active DeFi (decentralized finance) ecosystem, and a global community of builders and creators. This new product launch cements EQIFI as a leader in the DeFi space and as the world’s first seamless bridge to decentralized finance.

    Buy Tezos

    EQIFI will offer Tezos staking and borrowing services to its global customer base. EQIFI is powered by EQIBank, one of the world’s leading licensed and regulated digital banks. EQIFI operates under a community-focused, decentralized standard through its native EQX token. This allows community members to provide input on decisions such as listing and delisting assets and tokens, adjusting interest rates according to the market, and modifying collateral limits.

    “A product offering with an industry leader such as Tezos signifies the bar EQIFI is setting in the DeFi space. Providing exposure to Tezos holders for staking and borrowing is just the next step in positioning EQIFI to become an industry leader.” – Jason Blick, Chairman of EQIFI

    Tezos is one of the original Proof of Stake smart contract layer one blockchains. Since launching in 2017, it has successfully upgraded itself seven times, logged millions of transactions, and attracted a vibrant, global community. Developers are able to easily build powerful tools and products, while new users can explore NFTs, DeFi, DAOs, and more across hundreds of decentralized applications running on Tezos.

    Tezos’ Proof of Stake design means it can operate in an energy-efficient manner, consuming over two-million times less energy than popular Proof of Work networks – this makes it an ideal platform for building blockchain applications that are energy-efficient and sustainable.

    EQIBank offers competitive rates, 24/7 service, trusted security and an innovative, simple online global banking experience. EQIBank provides bank accounts, loans, custody, debit and credit cards, over the counter, and wealth management to EQIFI and all its qualified clients.

    For more information, visit EQIFI’s website.

    ###

    About EQIFI

    EQIFI, the first DeFi project powered by a licensed and regulated digital bank, is setting new standards, establishing trustless transactions, and driving real-world adoption. EQIFI’s infrastructure is optimized for real-time digital interactions. We are at the forefront of embracing today’s ever-demanding culture that wishes to embrace the evolution of digital technologies. For more information, visit EQIFI’s website.

    About Tezos:

    Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit tezos.com.

    —

    For media inquiries

    David Cullinan, EQIFI

    Chief Marketing Officer david@eqifi.com

  • QED Developers Say Trustless Financial Recourse in Blockchain More Critical for Business Adoption than Scaling

    QED Developers Say Trustless Financial Recourse in Blockchain More Critical for Business Adoption than Scaling

    QED, a multichain oracle aggregator for businesses, offers solutions to businesses leveraging smart contracts linked depending on tamper-proof external data in their operations. 

    Recourse over Blockchain Scaling

    According to the platform developer, in a series of Twitter posts on August 31, QED has an oracle model with a baked-in financially-incentivized arbitration system offering recourse without sacrificing trustlessness or diminishing the benefits smart contracts provide for users, including businesses.

    Smart contracts automate processes through the blockchain. Since operations are via an immutable platform, there must be modes of resolving sometimes inevitable conflicts due to the irreversibility of such transactions even when there are errors. In traditional systems, third-party arbiters complement insurance to offer guidance. However, the existence of self-executing contracts and the increasing demand from businesses to eliminate human involvement calls for prudence. This translates to reliance on dependable solutions in ensuring a near-flawless mode of operations.

    It is convenient in businesses where hundreds of millions of value are at stake. Therefore, the veracity of external data processes via oracles must be top-notch without error because of how subsequential such errors can amplify losses. As such, the ability of the trustless platforms to offer recourse, in QED’s view, is more critical for businesses than on-chain scaling efforts.

    Present solutions, Origin, the developers of QED, observe, don’t factor in the commercial risks whenever smart contracts are deployed. Often, smart contract coders would use the same aggregation formulae, accuracy measures, and other general risk checks when launching operations. Subsequently, this leads to the execution of single or multi-million value systems, exposing user capital to otherwise preventable risks throughout the execution loop. Moreover, collusion risks can open the door for users bent on gaming the system because of poorly drafted tokenomics.

    QED is a Commercial Innovation

    Origin’s solution, the developer says, can aptly meet the evolving requirements of businesses. This, however, is without dumping down on the platform’s capabilities of high reliability, interconnectedness, and robust architecture, an improvement of the Delphi Oracle.

    The resulting solution, Origin explains, is practical and multi-faceted, designed to meet diverse business needs concurrently and reliably. QED can scale as technological innovation and a commercial solution meeting sacrosanct requirements of anchoring intensive business dApps who prefer data quality linking to their smart contracts, flexibility in blockchain connection, and high throughput. 

    According to QED, the ability to offer automated recourse as part of data quality control is classified as one of their primary features. The protocol requires node operators to provide external collateral as a bond to their smart contracts. This way, the multichain aggregator oracle protects against systemic risk. 

    In case of errors from the node operators approving false data, there is a post-execution resolution process for restitution without affecting the execution experience. QED also has a scoring system for Oracles, creating a macro survival bias that rewards consistency and value.

    Countering Risks and Advancing Efficiency

    The decision to demand external collateral—proportional to the smart contract risk– for data verifying nodes ensures consistency in providing reliable data. Concurrently, this model rewards high-performing, dependable Oracles by automatically skewing reward allocation to providers historically proven to have been supplying credible data. 

    In addition, with the decentralization of the underlying base layer and suitable tokenomics designed to eliminate collusion risks, QED can supply smart contracts in proportion to the commercial risk involved.

    The resulting model brings more efficiency and economic viability during smart contract execution and for businesses incorporating Oracles. The Oracle aggregator has also stated that it shall distribute its token, QED, over time as adoption picks up. The goal, they explain, is to keep the system in a “healthy state.”