DexiSwap is a decentralized exchange of a new generation, a real breakthrough of the year in the field of decentralized finance.
From November 14th to 15th 2021, Dubai will host one of the most authoritative blockchain events of the year, the Blockchain Economy World Expo – a top event even by local standards. The event will be held at the Dubai Exhibition Center as part of the World Expo, a large-scale exhibition of science and technology achievements that has been held for 170 years, and here, for the first time, blockchain will be presented to the world on a par with the largest international organizations and the most successful enterprises of the traditional economy
Blockchain Economy World Expo will host more than 40,000 visitors, presents 300 participants, 4,000 companies, 70 NFT artists from 150 countries – for the first time, the crypto community from so many different countries will gather in one event. Blockchain Economy World Expo promises to be a unique launching pad for many projects that want to make themselves known in the blockchain world. One of said projects is DexiSwap, with its ambitions to win the highest-ranking awards at the conference.
DexiSwap is a decentralized exchange of a new generation, a real breakthrough of the year in the field of decentralized finance. The principle on which the exchange is built is a completely new world in the DEX sector. Liquidity pools are used in order to automate the trading mechanism for transactions. Exchange operations on the exchange occur instantly, which saves traders from one of the most acute DEX problems – loss of funds as a result of slow transaction processing and order “freezing”.
Liquidity on DexiSwap is provided by an original mechanism – market-making crowdsourcing. This means that the platform’s users make up a common pool where they provide their assets. These assets are used by trading participants, and their owners receive financial compensation. Not only does the DexiSwap device differ from other exchanges but it also has increased security: the platform is equipped with a mechanism for predictive profit maximization and allows you to recognize and minimize the risks of losses from volatility by balancing assets.
The World Expo 2020 Dubai was planned to be held in early October 2020, but due to the pandemic, the event was postponed for a whole year. Now, Expo 2020 Dubai was officially said to be up and running starting from October 1, 2021. We invite you to attend this large-scale event, because it will be a truly unique opportunity for networking and also a massive boost for your business. In total, Expo 2020 will bring together 25 million visitors from 190 countries, and there will be about 150 million virtual visitors who will see the exhibition live. The event will be covered by the world’s leading news network CNN.
Top Crypto Analyst Says Ethereum-Based DeFi Protocol Primed for Breakout As Binance Coin Targets New Record High
A popular crypto analyst is detailing a set of new predictions for two large-cap crypto assets.
The trader, pseudonymously known as Smart Contracter, tells his 184,000 Twitter followers that Binance Coin (BNB) will likely hit a new all-time high (ATH) well before Bitcoin (BTC) surges above its current record high of $69,044.
“BNB [is] going to send to new ATH from here, probably going to hit it long before BTC does.”
Binance Coin, which is the native crypto asset of the Binance ecosystem, hit its current record high of around $687 in May of 2021 and is trading at $636 at time of writing.
The trader is also bullish on the core crypto asset of the Ethereum-based decentralized finance protocol Curve DAO Token (CRV).
Smart Contracter says that when paired against Bitcoin, CRV appears primed to break out from a 400-day range.
“400-day CRV breakout on the BTC pair underway. I’m ready for the fireworks.”
CRV is trading at 0.00009613 BTC ($5.65) at the time of writing.
Smart Contracter says that the DeFi token is likely on the verge of surging on the Bitcoin chart after an accumulation phase that had lasted over 365 days.
“CRV daily bull flag breakout on the BTC pair plus 12 month+ accumulation. Valhalla awaits.”
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DeFi privacy project Panther raises $22M in 1.5-hour public sale
Panter announced to Cointelegraph on Nov. 25 that it raised $22 million in its recent public sale of ZKP tokens, bringing the total amount raised to $32 million.
Starting on Nov. 23, the Panther Protocol public sale successfully closed in just under 90 minutes, the Panther project previously announced.
Launched in Q3 2020, the Panther Protocol is built using zk-SNARKs, a new form of zero-knowledge cryptography implemented for popular privacy-focused cryptocurrencies like Zcash (ZEC). The acronym “zk-SNARK” stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” referring to a situation where one can prove possession of certain information without revealing that information.
Building on multiple blockchains including Ethereum, Polygon, Flare, Near and Avalanche, Panther is developing an interoperable privacy layer for DeFi and Web3. The protocol uses zAssets, 1:1 backed representations of the underlying assets offering users benefits of private transactions in the new asset type.
As previously announced by Panther, the protocol’s public sale involvea 5% of the total ZKP supply with “varying unlocking schedules.” 15% of the total supply was sold via pre-seed, seed and three subsequent private sale rounds. According to Panther, the protocol has raised $10 million through private funding.
Some of the supposed investors that were willing to participate in Panther’s $22 million public sale have complained about not being able to proceed with payment.
“Shocking support on the Discord, was on the site for 90 minutes and wouldn’t let me make a single payment because the buttons didn’t work, then no response for an hour from anybody in the discord,” one supposed investor reported.
Button did not work but everything else when you send your details ID and pictures works well through your mobile phone. So where is the justice now when we wait in line, registered KYC and all that things and now we have no chance to buy it! pic.twitter.com/b4IWR42eMk— Maro Pagi (@MaroPagi) November 23, 2021
The Panther project did not immediately respond to Cointelegraph’s request for comment.
Related: Polkadot-based privacy project Manta Network raises $5.5M
Amid a major rally on wider cryptocurrency markets, the DeFi industry has continued booming this year, with the total value locked across all DeFi protocols hitting a new record high above $270 billion in early November.
Source: DeFi Llama
In line with DeFi’s growing popularity, industry projects have been increasingly working on privacy solutions. According to Paolo Guida, head of investments for Blockchain Valley Ventures, privacy is the biggest challenge preventing DeFi lift-off.
DeFi Development Tools to Pay Attention To
Here are infrastructure projects aimed at supporting traditional businesses and emerging blockchain projects
The world of Web 2.0, based on the internet and characterized by centralization, is quickly changing into Web 3.0, based instead on the blockchain and characterized by its inherent decentralization. DeFi, GameFi, and SocialFi are all part of this incredible new world. Although the momentum and development of Web 3.0 is strong, it’s still in its early stages, and right now the construction of traditional business on the platform is the primary goal.
Currently the blockchain encounters certain problems, such as inadequate performance and an insufficient amount and quality of functions. With the continued progress of Ethereum 2.0 and the ongoing improvement of emerging public chains, performance problems on the blockchain are gradually being solved. However, there are still many shortcomings in the current functions. The difficulty for traditional business to migrate to the chain at a low threshold is one of such issues plaguing the current model. Functions that exist on the current internet such as collaboration and governance meet the requirements of traditional businesses. Governance in particular only supports voting. So infrastructure projects have been developed to support the operation, collaboration, and construction of traditional businesses and emerging blockchain projects. This article will briefly introduce those.
Encentive: Making DEX Construction Easier
Encentive is committed to bridging the blockchain operation model from Web 2.0 to Web 3.0, building an ecosystem of freely circulating assets through multi-directional modules and components. The project will help communities, projects, users, and even traditional businesses quickly and efficiently acquire operational capabilities such as fission marketing. Encentive itself offers a large number of decentralized operation tools, including Layer 2 nodes, an operation tool template library, DAO governance, Encentive UI, Encentive SDK, and more.
Through Encentive UI and Encentive SDK, developers will enjoy a low threshold for building new applications, or migrating existing applications to the chain. Via functions provided by Encentive and the graphical interface of DAO governance, developers can directly use operational functions while simultaneously interacting directly with contracts so that only a small amount of code is needed to integrate operating modules into existing Web 3.0 applications. Through Encentive’s DAO governance module, a customized governance framework can be built which includes basic DAO functions such as asset management, voting contract management, and authority management.
Encentive provides in-depth operation support. The project is capable of customizing commonly used project team operation functions such as point tasks, cross-chain burning, project promotion, staking, and embedding into the DAO framework- all according to specific project or business needs and characteristics. By combining with the Web 3.0 resource market, it also meets the needs of project teams for the development of customized operation functions and obtains external promotional resources.
Encentive itself is built on Ethereum, and further improves efficiency and reduces transaction costs through Layer 2 technology. Encentive has further reduced the obstacle of acquiring customers in the early stages of traditional businesses and emerging blockchain applications, and has significantly reduced the pain points of operating on such high thresholds. Encentive will further reduce the development threshold of these applications to promote the progress of Web 3.0
Additionally, Encentive can also provide developers with tools to develop their DEX by providing them with components.
Encentive provides a simple solution to developers for the creation of a DEX.
Since Encentive provides users with audited smart contracts as well as functions such as cross-chain burning, staking, and DEX creation, B-end users only need to invoke the corresponding contract to complete operations, including issuing a DEX.
In Encentive V2.0, Encentive will launch the DEX publishing function. By doing so, developers on the B side only need to follow Encentive’s prompts to enter the name of the new DEX, platform currency, platform logo, and the initial trading pairs to be included, as well as initial liquidity. In a few simple steps, developers can create a smooth functioning and attractive DEX.
By using Encentive, the period of time required to develop a DEX has dropped to less than ten minutes.
NULS: More Inclined to “Chain Creation”
NULS, the veteran blockchain technology, and its ecology was in its infancy as early as 2017. NULS is still regarded as one of the technologies facilitating Web 3.0 and is inclined towards “chain creation”.
As a customizable blockchain infrastructure, NULS is committed to building a multi-chain parallel and value-interconnected blockchain ecological network.
NULS features services such as smart contracts, microservices, rapid chain creation, cross-chain interoperability, and asset insurance. Even users without a sturdy code foundation can create a customized blockchain through Chain Factory and NULS’ ChainBox, easing the convenience of the creation of proprietary blockchains for many enterprises.
The NULS community also introduces microservice thinking in the design of the underlying infrastructure of the blockchain, designing software applications as independently deployable service suites, and introducing the most advanced ideas of the architecture design into the module, so that modules act as programs that start independently and are overall very flexible. Under this architecture, the coupling between modules is smaller. Multi-language development greatly improves the contribution of the code and the convenience of the users. At the same time, it is easier to expand and add on to. The modules even support distributed deployment, and the plugging and unplugging of modules is convenient and easy.
NutboxDAO: DAO Operating System for Web 3.0
Nutbox consists of three main sections: crowd-staking, governance, and DAO services. Nutbox provides developers with a series of open source plug-in systems which are highly flexible and extensible, and which adapt to DAOs in different Web 3.0 scenarios. Crowd-staking is a way to empower DAO value based on the staking economy. Holders of pledged assets can vote for community nodes or delegate the right to use pledged assets to the community to obtain DAO tokens.
Modern DAO can carry out DAO governance through the community proposal system and the community committee. This governance model effectively utilizes the advantages of decentralized governance and committee governance. DAO services are driven by the foundation, and the DAO flourishes and even incubates completely supported service function products to provide services to community members and other users.
Loopring Protocol LRC: Of Recent Interest and Gaining Steam
LRC is a DeFi infrastructure technology belonging to an established project. The Loopring protocol uses zero-knowledge proof technology to solve the bottleneck of Ethereum’s low throughput and high costs, allowing anyone to build high-throughput low-cost, non-custodial, order book-based decentralization on the Ethereum trading platform.
Loopring’s DEX supports traders in accurately analyzing K-line charts, order books, price trends, and set prices. With the improvement of performance and experience, as well as transactions done on decentralized exchanges, the Loopring protocol can provide services such as mortgage lending, asset issuance, and contract transactions the likes of which are seen on centralized exchanges. Many traditional businesses are expected to build their own DEX through the LRC protocol to further develop their business. Of course, the Looopring Agreement also needs to be used in conjunction with other technologies to meet such demands.
The above-mentioned infrastructure tools have their own strengths, but when compared with these tools we see that Encentive can provide the most extensive and comprehensive support in both development and operation, and is a promising infrastructure ecosystem. The technologies and tools of Web 3.0 are in a state of constant improvement, and it’s therefor foreseeable that traditional businesses built on the blockchain will also receive more and more in-depth support.