TeraBlock, a machine learning powered cryptocurrency exchange, has opened the whitelist for its Initial DEX Offering (IDO) on BSC Pad, scheduled for May 11.
To participate, prospective buyers need to stake enough BSCPAD tokens to reach their desired tier, and pass know your client (KYC) verification and register on the white list. The staking eligibility deadline is at 5 AM UTC on May 11. An allocation-based round will then be executed at 8 AM UTC, with an additional round on a first-come, first-served basis set to run at 1 PM UTC. Shortly after the final round, the TBC token will be listed on PancakeSwap and Uniswap.
TeraBlock seeks to become the one-stop solution for all the needs of crypto newbies by combining a sleek and straightforward interface for buying and selling crypto to a suite of trade automation tools that guide users on their journey through blockchain.
TeraBlock’s ecosystem will be powered by Binance Cloud, allowing it to access all of Binance’s liquidity and a vast selection of tokens. Binance will underpin TeraBlock’s exchange technology and security. User registration, Know-Your-Customer and Anti-Money Laundering checks are also performed through Binance in collaboration with third parties.
At launch, TeraBlock will feature four predefined indices that let beginner users diversify and automate their cryptocurrency trading strategy. More experienced users can design their own index with custom weights and rebalancing thresholds, with TeraBlock hosting the strategy and doing all the required transactions in the background. With TeraBlock, users will also be able to purchase crypto through the TeraBlock exchange with any debit or credit card issued by a bank.
The TBC token plays a key role for utility on the platform, enabling users to save on fees dramatically. When they hold a percentage of their portfolio in TBC, the platform will waive all extra fees beyond the standard exchange fee, including those for automated strategies and indices.
“We’re excited to be running the IDO to distribute our tokens to as many users as possible and grow the TeraBlock community,” said Shivam Tandon, founder and CEO TeraBlock. “We think most crypto investors will find something to their liking on our platform — From newcomers who just want to diversify their risk to experienced traders who lacked the tools to create their own automated portfolios.”
About TeraBlock
TeraBlock aims to be the most user-friendly and comprehensive crypto exchange that provides automated and AI-powered features while offering the liquidity, token selection and cost of Binance with the ease and simplicity of Coinbase. Through its ML-powered trading algorithms and customizable strategies, TeraBlock guides users who dip their toes in cryptocurrencies. TeraBlock was founded in 2021 by Shivam Tandon, a serial crypto entrepreneur who previously launched successful trading tools.
Several cryptocurrency projects are pushing forward with continued development and feature deployment as we make our way towards the middle of Q2 2021. The total cryptocurrency market capitalization rose from $2.26 to $2.45 trillion throughout the past week, indicating that the sector is still in a bullish period. But you should be cautious despite the positive market sentiment as the cryptocurrency markets are known to be highly volatile. While it is difficult to predict in which way the market will move, we aim to select the most promising and interesting coins to follow (or invest into if you wish) in the following week and list them in our weekly Top Coins to Watch article. Here is this week’s top trio.
1. Chainlink (LINK)
Chainlink is a decentralized oracle network (DON) that provides data and price oracles, which act as a reliable feed of information for some smart contracts. Chainlink’s cryptocurrency price and real-world data oracles have seen numerous implementations and their popularity is still increasing. Their oracle service is one of the most reliable and trustworthy services available and the connection with smart contracts is end-to-end secured, leaving very little space for the manipulation of the execution of smart contracts. The platform ensures quality data by incentivising providers of good data feeds. On the other hand, nodes that submit bad data will be punished by losing some of their staked LINK tokens. The project launched in 2017, when it also raised $32 million of funding through an ICO.
According to YouTuber Tyler Swope also known as Chico Crypto, Chainlink is one of the most promising tokens around. With countless protocol application possibilities this DON has plenty of room to grow. While Chainlink already offers rather complex smart contracts the complexity and utility is going to further increase with Chainlink 2.0, which aims to bring several technical advancements including hybrid smart contracts and scaling solutions. Developers will also focus on increasing the confidentiality, security, and order fairness, as well as simplifying dApp development by abstracting away complexity. In addition, Swope believes that LINK should be the main meme cryptocurrency as it has far greater utility and just as tight-knit meme community. Although it is difficult for people who are not part of the Chainlink subculture to understand their art (memes), Chainlink has a major advantage over Dogecoin, the current meme coin – smart contracts. In fact, using Chainlink’s oracles, people can create dynamic NFTs, making it possible to pay people in customizable, modifiable collectable tokens, perhaps even “memes” in the future.
From technical perspective, LINK just broke a multi-year resistance line, which overlapped with the psychological resistance level placed at $50. While LINK is currently trading just below $51, it undoubtedly has the potential to double on that price in the remainder of the year.
2. Dogecoin (DOGE)
The cryptocurrency Dogecoin was introduced as a joke in December 2013 by Billy Markus. Markus built the cryptocurrency project around the Shiba Inu doge meme that went viral in 2013 and the Dogecoin even uses the Doge meme as its official logo. Surprisingly, the currency took off. Even more, it developed a relatively large community on social platforms such as Reddit, which used Dogecoin to tip other members of the community and for performing similar micro-transactions. The Dogecoin community also raised funds to sponsor their own NASCAR racer for a few races and pay for a physical gold Dogecoin to be delivered to the moon via crowdfunding.
Dogecoin Drops 30% After Elon Musk Called it a “Hustle”
Although the currency is regarded as a joke by more serious investors, Dogecoin is currently the 4th largest cryptocurrency by market capitalization as the total valuation of almost 130 billion coins in circulation exceeding $75 billion. Nevertheless, DOGE traded even higher before Elon Must, jokingly referred to as the “Dogefather” because of his frequent public endorsement of this particular crypto, appeared on Saturday Night Live (SNL) show. The ATH price of $0.73 was reached on May 8, right before the show as many expected Elon to shill DOGE to millions of Americans on live TV. However, Elon ended up calling Bitcoin a “hustle” in a funny financial commentary causing DOGE to plunge 30% as Musk failed to deliver a more appealing presentation of what Dogecoin really is.
Nevertheless, we must admit that SNL is a comedy show and Musk even broke his character when he said that the $1 bill is just “sort of real”. In addition, Dogecoin still has a strong community that aims to push DOGE above $1. And with recent developments DOGE and USD parity seems to be within the reach. But be warned, 28% of the circulating DOGE supply is owned by one single investor. This whale better have strong hands, or the Doge ship will sink deep. Either way, it will be interesting to see how DOGE will perform in the coming days and whether it will continue its journey towards the moon.
3. Swipe (SXP)
Swipe is a crypto debit card issuer that allows its users to easily spent their cryptocurrencies for everyday purchases. The Swipe Token is the platform’s utility token and the gas and fuel to the Swipe Wallet and Swipe Card.
The First Initial Wallet Offering (IWO) is coming to Swipe Ignition Soon
The Swipe team has revealed that they will soon be conducting the first ever Initial Wallet Offering (IWO) on Swipe Ignition platform. The project that will claim the title of the first token sale on Ignition is a yet-unnamed NFT project running on both Ethereum and Binance Smart Chain (BSC). Users will only be able to participate in the IWO with SXP and 50% of all SXP contributed will be burned. Given that the project will run on BSC, Binance is likely to endorse the project. If the IWO attracts plenty of investors it could significantly raise the demand for SXP as well as diminishing the supply, granting favourable conditions for SXP appreciation. The date of token listing remains to be announced. More information regarding the IWO will be posted on May 12.
Globe is excited to announce the upcoming Balancer Liquidity Bootstrapping Pool for GDT tomorrow, May 10, 2021. Following the successful triple IDO and IEO, it is essential to bring the token to as many users as possible. As part of Globe’s commitment and reputation for fairness, an LBP event on Balancer allows for fair price discovery, opportunity to participate and fair distribution of the GDT supply.
The Balancer Liquidity Bootstrapping Pool event is an excellent way to buy GDT at preferred prices. As an ERC20 utility token, GDT provides discounts on trading fees and also naturally decentralizes long term ownership of the token away from Globe and to its community via buy & burn so that every trade uses some GDT as fuel. In a future version, users can pay their trading fees with the token.
As Balancer is a well-respected name in the cryptocurrency industry, it provides an excellent outlet to bring GDT to a broader audience. Balancer has a strong reputation for facilitating LBP events and strong token performance. As Globe wants to prioritize fairness and transparency, fair price discovery is essential for new and upcoming tokens.
The Balancer LBP event will take place after Globe has successfully completed its triple IDO on Ignition, Superfarm, and DODO. Additionally, the team also completed an Initial Exchange Offering – IEO – on Gate.io earlier with nearly $30m of interest in just 4 hours. All of these token sales contribute to the fair distribution of the GDT token and provide people with multiple options to acquire Globe’s utility token.
GDT Will make its way to exchanges come May 12, 2021. More information on exchange listings will be announced via Globe’s official social media channels in the coming days.
About Globe
The Globe’s fairest & fastest derivatives crypto exchange backed by Y Combinator alumni. Trade BTC, ETH, and DeFi Tokens with more leverage via perpetual futures contracts.
SuperStarter, the curated token launchpad recently inaugurated by SuperFarm, announced the first project to hold an Initial DEX Offering (IDO), which will be ColdStack, an up-and-coming decentralized storage project that promises to drastically lower storage costs compared to even centralized competitors.
Registration for the IDO whitelist opened on May 4th, at 8 PM UTC, and closed on May 6th at the same time. The token distribution event will occur on May 10 at [time]. To join the CLS token IDO, prospective buyers must register to the whitelist through a dedicated form.
The CLS token is the native token for ColdStack, used for paying platform fees when storing data. The fees are paid by users who store and retrieve their data, and can be awarded to miners who run ColdStack Nodes and store the data. In addition to storage requests, CLS will be required to sign and authorize transactions on ColdStack, as well as pay for NFT issuance and other related operations. The CLS token will also entitle holders to participate in the DAO, letting them participate in platform governance, including admitting new nodes to the network and handling disputes.
The CLS token will be launched with an initial market capitalization of $737,500 with 1,475,000 CLS circulating supply. Private and Strategic investors receive a further 10% allocation each, with a one month cliff and a nine months linear vesting. Team tokens are locked for 12 months and subject to a linear release schedule in the next 12 months. Tokens in the public sale are fully unlocked, while the remainder of the 50 million CLS supply will be distributed to the community through liquidity mining and to the DAO ecosystem fund.
“We are excited to be bringing the first project to SuperStarter, our new platform for listing tier-one IDOs,” said Elliot Wainmann, Founder of SuperFarm. “Just as we promised, we focused on quality over quantity and expect ColdStack to become the aggregator for all decentralized storage platforms, with enormous potential to surpass all existing solutions on the market.”
SuperFarm published an in-depth research into ColdStack, which served as the basis for making the decision to list the project. ColdStack is an aggregator of all existing decentralized storage networks under one dApp, enabling seamless access to the storage potential of Web3. Live on Polkadot’s ChaChaCha parachain testnet, ColdStack is poised to go live on mainnet together with the rest of the Polkadot parachain network. A number of prominent investors backed ColdStack in its bid to aggregate Web3 storage, including GBV, Spark Capital, Black Edge Capital, AU21 and many more.
“The IDO marks the beginning of an exciting new era for ColdStack, and we are proud to be making the debut on SuperStarter,” said Alexander Shishow, CEO of ColdStack. “With the backing of our investment partners and — most importantly — the community, we are ready to revolutionize decentralized storage.”
About SuperFarm
SuperFarm is a cross-chain DeFi protocol designed to bring utility to any token by turning it into an NFT farm with no code required. SuperFarm provides a bridge between current crypto ecosystems and the explosive gaming industry. NFTs from SuperFarm and Official Partner Farms will gain utility within real AAA video games. In this ecosystem, NFTs are no longer just pixels on a screen, but hold power to unlock unique digital experiences.
About ColdStack
ColdStack is a Decentralized Cloud Aggregator: it is the world’s first service that aggregates Decentralized Data Storages such as Filecoin. By optimizing storage solutions with its AI-based pipeline, ColdStack provides users with the most cost-efficient and secure way to store their files. ColdStack features a unified Amazon S3 compatible API which allows users to easily access decentralized storage solutions. ColdStack focuses on providing bulk storage for data which is not accessed regularly, but is still required to be stored perpetually. Our tokenization system also allows users to easily create and store their own NFTs, and utilize these assets on any NFT marketplace.
Getting started with blockchain technology or switching from a specific blockchain network to another can be daunting, but it is nevertheless an optimal time to start looking outside of proven successes with outdated technologies such as Ethereum to optimize efficiency as well as monetary returns. Although those may seem like risk free, safe financial investments, they are no longer optimal choices when looking for faster transactions and lower costs.
Below, we have put together two big reasons why joining this up-and-coming platform is a great idea for any user: those who are already versed in crypto and those who may not be as familiarized with it yet.
For those who are new to Blockchain, decentralisation is the future
For those less familiar with the concept of a blockchain, a blockchain is a “cloud-based system used to store information” and the network underlying cryptocurrency. The most typically well-known cryptocurrencies tend to be Bitcoin and Ethereum’s Ether. While Ethereum is the blockchain network for decentralized applications to be embedded, the ether is the currency that allows and drives for the usage of these applications within the network.
Blockchain technology is the solution for all the ongoing security issues with data storage and data transferring as it is a decentralized system with no singular database utilized to store information. It has infinite uses, a most recent example being Fantom utilizing its blockchain-powered Fantom Tracker to help the Afghanistan Ministry of Health identify and report counterfeit drugs. This is just one of many recent examples of how blockchain technology is improving the current security of the world as we know it for the better.
For the pros: Fantom is the fastest, most user-friendly blockchain
When it comes to choosing a blockchain network to operate on, there is nothing quite like Fantom. It was built with the shortcomings of popular blockchain networks in mind and provides users with 1 second transactions. The low transaction fees in Fantom’s network allows new users who may be interested in joining the blockchain space to do so.
Fantom has fortified security and is built upon a global, trustless and leaderless Proof-of-Stake network — data stored in the network could not be safer than it already is. Fantom is also highly scalable, processing thousands of transactions per second and scale to hundreds of nodes. In April, the Fantom Foundation reported over 200,000 daily transactions. For anyone with current Ethereum dApps, Fantom is completely compatible with EVM, meaning that it is very easy and efficient to deploy and run the apps on Fantom.
There is no other blockchain in the DeFi space that can provide near zero fees and transactions in the blink of an eye. Whether an experienced user or someone that is just coming into the space, this blockchain platform is ideal for all users looking for the best possible experience with the strongest network support in speed and user experience.
Banter Bags is a unique project in the cryptocurrency world that aims to give back to its community. What initially started as a $10,000 community giveaway is now worth over $500.000. Ten eligible community members will be chosen randomly to receive their share of the spoils once the Crypto Banter Youtube channel surpasses 250,00 subscribers.
The Banter Bags Giveaway is an event created by Ran Neuner, host of CNBC Crypto Trader and founder of Crypto Banter on Youtube. The initial objective was to reward active participation in the community and generate more engagement with the daily streams but as the investments started to grow it became a mechanism to really change some community member lives.
Speaking of pre-market allocations, the Crypto banter team initially put $10,000 in a public Ethereum address. That money was then invested into allocations, with more investments occurring daily to diversify the portfolio further. Several key investments have noted spectacular returns, including Shopx, Aioz, Refineable and Occam. All of these pre-market allocations have gone up in value by a factor of 100 or more.
As the total value of the Banter Bags now exceeds $500,000, a golden opportunity is created for the community. Once the Youtube channel surpasses 250,000 subscribers, ten community members will earn a Banter Bag with the corresponding spoils. The only requirement to be eligible is to subscribe to Crypto Banter on YouTube and follow the Twitter account. Community members can amplify their chances by following @cryptomanran and @sheldon_sniper on Twitter, by liking/commenting on tweets, and engaging with the two daily streams.
The Crypto Banter team adds:
“It started off as a fun idea of giving $10000 to our community, and as we started to invest, we realized that the community loved the idea of investments in pre-market allocations that we previously off-limits for the average investor. With this in mind, we went all in using our influence to reward our community. It was supposed to be a cool $10,000 giveaway to reward the community, and it has landed up becoming an opportunity to change lives. The channel has exploded since we launched this initiative. We’re up by over 100% on every metric, we gained over 100k subscribers and got over 5m views in the last 28 days. More than that, our community has engaged more. They love the idea that we are giving back to them and that we may at any point change another life.”
Five winners have been randomly selected so far, all of which have an amazing story to share. One of the winners, who goes by the name of Irfan, lost his job and was struggling financially. With a pregnant wife expected to give birth in two months, being announced the winner of a Banter Bag triggered a life-changing event for Irfan. Anyone can go through a similar experience once the remaining Bags are given away to community members.
We also announced that one of the bags will be given to a charity and we are currently looking for a viable option.
About Crypto Banter
CRYPTO BANTER was founded by CNBC CRYPTO TRADER host Ran Neuner and is a LIVE STREAMING CRYPTO STATION. We bring you live streaming coverage of the global Crypto markets and give you a chance to call in, break the news, and banter with our guests and hosts. CRYPTO BANTER was created to bring the banter from Crypto Twitter and Telegram to a moderated, curated AV streaming medium. Think of its as a mix of CNBC, JOE ROGAN, and Talk radio for Crypto!
Torum is a cryptocurrency-focused social media platform designed to connect cryptocurrency across the globe. The project is backed by some big-name investors such as Digital Finance Group, AU21 Capital,Redline Capital, BKEX, and HotBit and can already boast about their 36,275 users so far.
The first crypto-focused social media platform
Torum was created to become a one-stop ecosystem for all things related to cryptocurrency. It is a social media platform in which investors can come and discuss all the latest trends within the industry and where projects could come and keep their community up-to-date.
The idea is to have one location where crypto addicts from around the world can come together and feed their own addictions through high-quality content and discussion. Along with being able to socialize with like-minded people, users would also have the option to swap tokens on the DeFi platform and trade virtual artworks in a dedicated NFT marketplace.
It was born from the need to have an organized space where users could receive reliable information. Currently, the entire market is segregated across many different social media outlets including Twitter, Reddit, Medium, Telegram, and Discord – none of which are even crypto-focused. The fact that so many different outlets are being used means it’s very difficult for investors to keep track of everything.
Additionally, Torum provides a cost-efficient marketing channel for cryptocurrency projects to build their own communities. If the users are segregated across different social media outlets, it is very difficult for them to round them all together and keep everybody updated equally.
The Torum platform itself was launched on July 1st, 2020, and users have been impressed with the accessibility of their user interface. They made sure that the signup process was extremely simple and it takes you step-by-step to follow some new users to get started quickly;
On top of that, the layout is very easy to navigate;
The homepage is filled with an activity feed to easily see the latest posts from your favorite selected topics and clans (groups dedicated to a specific type of discussion). Similar to a Facebook or Twitter feed, it keeps you up-to-date on the latest discussions that are happening within the community.
Although you can perfectly use the platform without any tokens, the transactions and interactions on the platform all are centered around their own native XTM Token.
XTM Token – The Native Torum Token
The XTM token is a BEP-20 standard token, hosted on the Binance Smart Chain. The Torum platform has an integrated wallet in which the community can store their XTM.
There are a plethora of use cases for XTM including buying advertising, promoting posts, organizing airdrop events, staking in the Token Depository, and purchasing various cryptocurrency gifts for other users. Additionally, XTM can be used to participate in the upcoming DeFi services on the Torum Finance section and can also be used for purchases in the Torum NFT Marketplace.
In fact, with the features planned for Torum there are even further use cases in the pipeline;
In total, there is a 1 billion supply of XTM tokens, distributed according to the following table;
According to their whitepaper, the 25% allocated for the team tokens will be unlocked every quarter for a period of 3 years. Each time the XTM allocation is unlocked, the team will notify the community to remain transparent.
25% is allocated to the ecosystem and this will be distributed to the community on Torum within 48 months.
8% is allocated for strategy and development which will be used to invest in valuable connections and innovations that aim to speed up the adoption of Torum.
15% is allocated to incentivize liquidity mining and this will be assigned to Pancakeswap, Uniswap and other AMM platforms on a pro rata ratio.
With that in mind, here is their token emission schedule heading all the way to Q2 2025;
As you can see, Torum has its eyes set on the future and is not intending to become a quick project that is here today and gone tomorrow. This provides a great deal of confidence to any prospective investors.
One of the most exciting things about XTM is their buy-back and burn mechanism that they have in place. 5% of the ecosystem quarterly XTM profit will be sent to a blockchain address with no private key to reduce the total supply of XTM by 20%. Eventually, there will be just 800 million XTM tokens in existence after the completion of this buy-back and burn mechanism.
Very recently, Torum partnered with Poly Network to create a Cross-chain bridge for interoperability. As a result, Torum has a seamless cross-chain operation with secured on-chain transactions to most mainstream blockchains.
The Gamification of Torum Keeps People Coming Back
We all know how addictive it can be to play games that reward you to keep coming back and it seems that Torum is taking advantage of this through the gamification via Missions on their platform.
Users can earn rewards in XTM token for simple missions such as logging in daily. Other missions for newcomers include liking 5 posts of threads to claim 3 XTM, commenting on three posts or threads to earn another 1 XTM, or spreading posts on your Feed for 3 more XTM.
Additional rewards are available for users who create posts with value and creating meaningful threads that have solid interactions.
The Team Behind Torum
The team behind Torum is very strong. It was founded by Ah Go, a well-known Chinese influencer with over 10,00 followers and subscribers based in Malaysia. In addition to this, he is a competent front-end web developer.
Other founders of the project include Alwin Chang, the UX/UI designer behind Torum, Jayson Tan, the marketing manager, Teddy Tan, Chief Financial Officer, and Nelthan Ng, Ops Manager.
A Note on Torum Finance and Torum NFT Marketplace
Although not yet launched, Torum Finance and Torum NFT Marketplace will take the Torum platform beyond the scope of just a social media platform.
Torum Finance will be a decentralized finance (DeFi) portal that will behave as an automated market maker (AMM – like Uniswap) and governed by XTF token holders. For example, one of the first features would be the ability to farm XTF by providing liquidity to the XTM/BNB pool on PancakeSwap.
Additionally, the Torum NFT Marketplace will function as a venue for artists to mint NFTs to feature on their Torum profiles. The most popular users on Torum are likely to see the value of their NFTs growing.
Conclusion
The scope of what Torum is trying to achieve is pretty immense. Uniting the entire industry under one roof would take a lot of time and effort to do. However, it is much needed in such a segregated industry where news has to be reposted on several different media outlets and it seems that Torum has already come a very long way in its short lifetime.
Social farming platform Don-key has announced its Initial Dex Offering (IDO) on SuperStarter launchpad. The IDO will occur on May 11, giving community members an opportunity to acquire DON tokens and claim a stake in the yield farming platform that Don-key is building.
The public sale on the launchpad developed by SuperFarm follows a private round that saw VCs commit $2.2 million to support Don-key’s goal of creating a user-friendly defi platform for yield farming. Black Edge Capital, AU21, and Genesis Block Ventures are among the investment firms who participated.
In addition to purchasing DON tokens via the Don-key IDO on SuperStarter, community members will be able to earn them based on their monthly trading results. Inspired by the “copy trading” format popularized by crypto exchanges, whereby novice traders can mimic the moves made by pros, Don-key will pioneer a similar strategy for yield farming. This will empower platform users to reap the rewards from having top traders work for them.
The complexity associated with yield farming, whereby users stake tokens into defi protocols to earn additional tokens as rewards, makes it daunting for beginners. Don-key aims to democratize the process, giving everyone an equal opportunity to reap the rewards, while incentivizing super farmers to identify the greatest yield generation opportunities for the community. In the process, Don-key users will gain valuable alpha as they learn from the industry’s most successful yield farmers.
The SuperStarter platform provides a safe and transparent framework for fundraising. It enables defi projects to tap into a readymade community and to issue tokens that will be used on Ethereum, Binance Smart Chain, and Polkadot. SuperStarter forms a fully decentralized protocol that allows emerging crypto projects to conduct presales and IDOs in a fully compliant and secure manner.
Yield farming is the craze that took decentralized finance by storm in 2020 and has been reinvigorated in 2021 across an array of smart contract networks and protocols. Over $66 billion is now locked into defi protocols, providing bountiful opportunities for yield generation. Don-key will bring this capability to a global community of cryptocurrency holders, providing a user-friendly way to extract more value while simultaneously boosting defi liquidity.
Full details of the token sale metrics for Don-key’s IDO will be shared soon on the project’s Medium blog and social channels.
About Don-key
Don-key is creating a social farming platform that incentivizes the crypto community to work together for the collective good. Super farmers can identify the best yield generation opportunities for other farmers to copy. The DON token is used to reward participants proportional to their efforts and to align incentives within the Don-key ecosystem.
Los Angeles, United States, 5th May, 2021, Chainwire
dCanvas, the largest collaborative NFT art project, is finally opening its gates to the public. The company will be allocating 256 public release NFTs in its huge community pixel board. Each NFT gives its owner full control over pixel colors at a specific location on the canvas board. Moreover, NFT holders may participate in community-based, NFT-backed art piece creations through an independent DAO, giving the community control over the project and its future.
As the NFT industry continues to grow by leaps and bounds, the time has come to focus on community-oriented features. dCanvas, the world’s largest NFT collaborative art project, enters the next stage of its evolution.
dCanvas has already seen tremendous adoption, having distributed roughly $500,000 in NFTs to numerous strategic investors, brands, and early adopters.Participating private investors include Leia from Unic.ly, Kyle from NeptuneDAO, Joyce from Global Coin Research, and Queen Mei the number one NFT collector on Quidd. Sebastien Borget, COO and Co-Founder of The Sandbox, has also joined as a project advisor.
A limited allocation of 256 public release NFTs will be made available to users on May 6, 2021. Every NFT consists of 16 pixels which can be filled in with the owner’s artistic vision.It is the second time dCanvas opens NFTs for sale and allocation to the public. Previously, 1024 NFTs were made accessible, all of which were sold out in less than 5 days. With a much smaller sample size to go around this time, time is of the essence for those who want to get in on the action.
The NFT sale can be accessed on the dCanvas app and transactions will occur via OpenSea, in order to minimize gas fees for all users to have the optimal experience. Only a one time authorization fee for OpenSea is required. After that, everyone can purchase NFTs through the app and use their new acquisitions immediately after receiving them without further gas costs.
All NFT owners can create a public profile to show off their ownership. Additionally, owners can message one another to have meaningful discussions and collaborate. Projects like these need to fuel community-based activities and engagement.
dCanvas prioritizes three crucial pillars to shape the future of its NFT collaborative art project; community, value, and social good.
By allowing NFT holders to shape and influence their NFT and redefine the limits of collaborative art for social good, dCanvas goes in a very different direction from most NFT projects and brings unique value to the space. Moreover, dCanvas plans to donate a significant portion of all proceeds to charity organizations, further strengthening the appeal and potential of the Non-Fungible Token industry as well as the historic significance of the project.
About dCanvas
dCanvas is building the largest collaborative art project in the world in the name of social good. Inspired by the Reddit Place experiment, the dCanvas project leverages the Ethereum blockchain to connect online communities through the world’s largest, decentralized digital art canvas. Built by two doctors, the central mission of dCanvas is to redefine the limits of collaborative art while acting as a powerful catalyst for social good. Join the hundreds who have already signed up to make digital art history happen.
