Ethereum Adoption is About dApp Network Effect, Not Users 5713

Martin Köppelmann, the creator of decentralized marketplace Gnosis, has said that the adoption of Ethereum should be measured by the network effect of decentralized applications (dApps), not the number of users on the blockchain network. As a decentralized computing platform, the Ethereum blockchain network enables dApps and users to process data in a peer-to-peer and distributed manner. Users on Ethereum are not required to trust any intermediary on the network to initiate transactions or carry out operations with dApps.

Köppelmann, who created a major decentralized marketplace that has been competing against Augur, said that the adoption of Ethereum should be measured by the network effect of dApps and the ability of dApps to use the smart contracts of other applications on Ethereum to process information.

“The best metric of success for Ethereum is not how many DAPPs are deployed or how many transactions those DAPPs have. It is about how many DAPPs are created and used that use smart contracts from other dApps,” he explained.

As an example, decentralized exchange protocol 0x is a base layer which supports decentralized exchanges and relayers launched on the blockchain. The Ethereum-based 0x protocol is leveraged by a wide range of digital asset trading platforms such as Radar Relay, Paradex, Melonport, Maker, imToken, Aragon, and Augur, all of which use the 0x protocol to allow users to trade digital assets in a decentralized manner.

Coinbase co-founder and former Goldman Sachs trader Fred Ehrsam stated that protocols that enable dApps to share smart contracts and leverage the functionalities of other platforms on Ethereum allow for the creation of an ecosystem wherein users can benefit from the compatibility of dApps across a wide network.

For instance, because 0x protocol enables decentralized exchanges to operate on its base layer, potentially, exchanges can share a pool of liquidity that allows users across various decentralized exchanges to trade digital assets in a shared environment.

Köppelmann said:

“Few examples from Gnosis context: DutchX uses the MakerDAO price oracle; the 0x token registry and will be itself controlled by a Daostack DAO. Melonport uses Oasisdex… but many more are coming.”

If base layers like 0x and dApps such as OasisDEX and MakerDAO that offer specific functionalities that are beneficial to dApps in other categories continue to see an improvement on their network effect, a decentralized network of dApps will form, allowing many applications and platforms on Ethereum to benefit from each other’s unique and innovative solutions.

In essence, Köppelmann stated that the increase in the network effect and interconnectedness of dApps will be the main contributor to the mainstream adoption and long-term growth of Ethereum.

How About Users?

The number of users of dApps is an important metric but is a number that will naturally increase as the network effect of dApps, scalability of Ethereum, and user interface of dApps continue to demonstrate exponential growth and improvement.

If utilizing dApps to create bets on platforms like Gnosis and Augur, and using computing power of decentralized cloud networks like Storj become as easy as using centralized alternatives, then the active number of users on Ethereum will inevitably increase.

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Win $150,000 USDT with CoinFloww Beta Launch 2912

2022 09 10 в 15 16 10

Digital asset trading has long suffered due to high crypto exchange transaction fees, regulatory hurdles by regulators, and stringent crypto exchange rules. Then came CoinFloww, the most advanced digital asset exchange.

Based on the world-class digital asset exchange technology, CoinFloww is proud to launch at a time when crypto exchanges are fighting for rights and struggling with a fraught market.

The team behind CoinFloww Exchange is constantly improving our UX and UI so our users can have extraordinary trade experiences. Our new UX and UI design of CoinFloww will be updated soon.

Rather than profiteering on crypto startups, CoinFloww is on a mission to nurture and patronise upcoming projects. CoinFloww does not charge any listing fee and offers reasonable promotional packages.

Derivative users are often left behind in the crypto ecosystem, but CoinFloww Exchange is a platform that truly caters to derivative traders with up to 300x leverage.

CoinFloww is not just a digital asset exchange; it is more than that. Besides typical digital asset exchange functions, CoinFloww has a roadmap of becoming a one-stop application for the crypto user to gain financial freedom.

CoinFloww has recently announced its whooping 150k USD prize pool. Any CoinFloww user can participate in the CoinFloww Bug Bounty Program to win our prize pool of $150,000.

ChocoDoge isn’t Just a Game, it’s a Complete Ecosystem with Exciting Opportunities 2753

1 2022 09 11 в 0 01 51

The last few years have witnessed a tremendous rise in the GameFi space in terms of revenue and user base. We now have several popular titles, but the craze for most of these tends to subside after a while. It’s mainly because these are centered around the game and do not focus on the other aspects of the domain. And this led to the creation of ChocoDoge, an NFT GameFi project on the Dogechain.

ChocoDoge is an NFT Gamefi project on Dogechain. But that is only the tip of the iceberg. In order to guarantee the project’s long-term stability and financial security, ChocoDoge team additionally provide Defi products with alluring profit margins.

The team at ChocoDoge has developed an extensive project encompassing the various domains in the space. In addition to the NFT game, users can benefit from several DeFi products offering excellent returns on the ChocoDoge ecosystem. There are bonds, a dedicated bank, and farms, but one that has been actively promoted by the team and provides considerable returns is Staking. And that’s what we will be focussing on here.

Staking on ChocoDoge

Staking is when you lock crypto assets for a set period of time to help support the operation of a blockchain and earn passive income. The idea is simple, users deposit their holding (or even a part of it) into the staking pool and are then required to validate the transaction. And it works because users have their investments at stake, and any mistake or mischievous activity on their part will tend to affect their holding as well. It keeps them going and instills a sense of responsibility. The person doing this is referred to as the validator and earns steady rewards from the blockchain for the contribution.

But, you don’t necessarily need to verify transactions or be actively involved to earn the staking rewards. De-Fi projects, these days, offer investors the option to simply stake their holdings and, in turn, receive a steady stream of rewards. And there’s generally a locking period before which the holdings can’t be withdrawn from the pool.

ChocoDoge, too, works on the same idea, the only difference being that the staking process is a lot simpler and delivers a higher return. It can ensure that by employing advanced protocols and building a token-based economy where the supply is favorably modified automatically based on the market trends.

Another aspect that makes staking on ChocoDoge profitable is that users stake USCD while they receive USDC’s rate of return. USDC is one of the popular stablecoins pegged to the US dollar, with a market cap of $54 billion, and is managed by members from CoinBase and Bitmain. And the best part, there’s no Locking Period on ChocoDoge. So users can withdraw their holding from the staking pool at will, though the key is to leave the funds for a more extended period to earn higher returns.

2 2022 09 11 в 0 02 13

The details for Staking Season 1 are as follows:

From: 2022/09/10, 00:00 GMT
To: 2022/09/24 00:00 GMT
Token to be staked: USCD
Rewards: 50,000 USDC

So, go ahead and stake as many USCD to earn the best returns in the market, that, too, in the form of USDC stablecoin, considered one of the safest investments.

About the ChocoDoge Bank

The ChocoDoge bank allows CD holders to stake their tokens and earn rewards in the form of USCD after each epoch if the Time-weighted Average Price of USCD is greater than that of USDC. The duration of each epoch on ChocoDoge is 4 hours, and actions undertaken here lead to 12-epoch locks for withdrawing CD tokens, while for USCD, the lock period is 6 epochs.

USCD is not a stablecoin backed by fiat or cryptocurrency, the token has employed advanced protocols and stability mechanisms to ensure a $1 peg. After the initial expansion and the project acquiring relative stability, the USCD token will also facilitate transactions, including in-game and in-app purchases.

Holding a CD or the ChocoDoge Share provides several other benefits. The primary is voting on critical changes to the platform, including bonuses and rewards. Since ChocoDoge works as a DAO, anyone holding a CD will have the right to vote. If you possess the right intellect and experience to navigate the project through the initial phase to success, acquire as many CD tokens as you can, and become a prominent voice in the community. And remember, the total supply of ChocoDoge Share is capped at 200,000.

To find out more about ChocoDoge, visit the official website: https://chocodoge.dog/

Also, follow ChocoDoge on social channels to stay updated with the latest developments and releases.

Twitter: https://twitter.com/ChocoDoge_
Telegram (Group): https://t.me/ChocoDogeChat
Telegram (Announcement Channel): https://t.me/chocodogechannel
YouTube: https://www.youtube.com/channel/UCSQineQdatnjXM9o91wqahA

Crypto E-Commerce – Shopping․io Introduces $SHOP Back 2700

Crypto E-commerce giant, Shopping.io is streamlining its operations. On September 9th 2022, Shopping.io will be airdropping its new native utility token – $SHOP to the holders of $SPI and $GSPI. To celebrate the launch, Shopping.io is hosting multiple events offering major benefits including 20% $SHOP back rewards and exciting giveaways!

Shop Online Using Nothing but Crypto!

In 2020, retail e-commerce sales worldwide topped $4.28 trillion, according to Statista, a 27.6% increase on the previous year. By 2022, e-retail revenue is projected to grow to an impressive $5.4 trillion, as consumers move more of their shopping online. In addition, as of 2021, there are over 300 million crypto users worldwide and over 18,000 businesses that have already begun accepting cryptocurrencies as forms of payment.

September 2020 – Shopping.io launches version 1.0 of its platform giving holders the ability to pay for concierge online shopping services with their crypto for the first time. The website enabled purchases of tangible goods via major retailers such as: Amazon, eBay and Walmart, delivering to a handful of destinations around the globe. The platform’s traction was instantly recognizsable even with its limited functionality and was the proof-of-concept Shopping.io needed in order to justify its growth.

Fast forward two years and Shopping.io has two native utility tokens; $SPI and $GSPI (wWith another merged utility token on the way), an NFT set, and a plethora of new payment options under its belt, including: Binancacne Pay, Crypto.com, CoinbBase Commerce and Utrust. These major developments were also accented by the increase in the amount of destinations orders could be sent to.

Shopping.io is now on the cusp of its biggest development to date. Following months of work and testing, Shopping.io is upgrading its platform and launching a more robust, well-rounded ecosystem consisting of a Metaverse mall titled The Shopverse and a Shopping.io web extension facilitating purchases through almost every online store. This overhaul, however, would be incomplete without the release of Shopping.io’s new native token: -$SHOP!.

Introducing the $SHOP Token

In late 2021, Shopping.io found itself with two native tokens that were originally designed to improve users’ experience and governance on the platform. The company however, felt that further improvements to its tokens and their use case within the platform were necessary in order to achieve the ‘token platform relationship’ previously envisioned.

With 2022’s inception came the first internal proposal for the merging of Shopping.io’s current tokens into one ‘do it all’ token. Shopping.io presented its idea for $SHOP in May 2022 paired with the tokens shift in platform utility and tokenomics. The merge of $SPI and $GSPI was put to a community vote, ending in an overwhelming 97% approval rate, opening the door for development on $SHOP’s smart contracts to commence.

Following its launch, $SHOP will inherit the functionalities that $G/SPI currently perform within the ecosystem such as offering discounts, voting, and free international shipping when used as a form of payment within the platform. In addition to these already present utilities, $SHOP’s improved tokenomics and flexible smart contract has allowed Shopping.io to create its state of the art $SHOP Back system that will make its debut on September 9th, and will star in the first of the platform’s $SHOP launch events.

The $SHOP token is designed to reflect the success of the ecosystem thanks to its quantitative burn/mint mechanism. This mechanism creates a direct correlation between the use of the ecosystem and the circulating supply of the token, giving a deeper meaning to the phrase “sShop to earn”.

20% $SHOP Back Event

Shopping.io is launching $SHOP on September 9th, 2022, alongside a selection of platform oriented events; the first of which being a 20% $SHOP Back event that will commence on September 10th, 5 PM CET. The $SHOP Back event will be held for 48 hours giving shoppers the ability to earn an additional 20% of their order value back in $SHOP with the use of selected tokens such as $ETH, $APE and $AVAX as a form of payment.

$SHOP Membership Raffle Event

Shopping.io will unveil $SHOP’s membership platform on the day of the tokens launch, allowing both seasoned community members and newcomers to lock their $SHOP rewards and become a part of the Shopping.io ecosystem. $SHOP’s membership program consists of five tiers, with each package’s benefits being accessible through the locking of a corresponding amount of $SHOP for a three month period. These benefits enhance the shopping experience by activating increased $SHOP Back rewards, aAirdrop rewards, and free shipping. To celebrateboost the membership program’s launch, Shopping.io is holding a month-long staking raffle event for members only!, giving members Thisthe This opportunity gives members the chance to win prizes in addition to their already present platform benefits. Prizes include gift cards, $SHOP credits, access to Shopping.io’s Galaxy membership tier, an iPhone 13 Pro, and the Golden Ape from the Villager of XOLO NFT set.

Shopping.io envisions a future where people have the flexibility to buy anything with anything.

RFOX Launches the RFOX Metahack 2022, a Web 3.0 Hackathon Presented by Padang & Co 2932

1 2022 09 08 в 10 15 29

Metaverse company RFOX has introduced the RFOX Metahack 2022, a hackathon that will foster the development of creative Web 3.0 solutions to important challenges in the quest to shape the future of the Internet. Interested innovators can submit their applications to the hackathon on the RFOX Metahack 2022 website until September 30, 2022, at 11:59pm (GMT+8).

The RFOX Metahack 2022 aims to bring together innovative, talented individuals and teams who understand technologies like blockchain, crypto, and DeFi. The hackathon also serves as an avenue through which the RFOX ecosystem can help empower everyone to play, create, and earn in an immersive metaverse without borders.

The RFOX Metahack 2022 welcomes innovators to work with existing tools within the RFOX ecosystem and build new products and services to expand it. This virtual hackathon, presented by Padang & Co, and in partnership with AIKON, invites innovators to solve business problems and address new opportunities with the AI, blockchain, augmented reality, virtual reality, and Internet of Things spaces that can be incorporated into RFOX product roadmap.

Challenge Statements for RFOX Metahack 2022

There are six challenge statements featured in the RFOX Metahack 2022, representing the focus areas for innovation that hackathon participants can work on:

1. Mobile Games. Create mobile games – puzzles, arcade games, platformers, table-top games (checkers, chess, etc.) – implementing a play-to-earn mechanism using the blockchain and RFOX token.
2. Games SDK. Build a software development kit (SDK) that enables the creation of mobile games for players. Special consideration will be given for games that provide utility for KOGs NFTs (Keys to Other Games) and Choobs. KOGs can be represented in various ways: as cards, characters, miniatures, etc.
3. NFT Factory SDK. Create an NFT factory will enable anyone to create and share an NFT collection on a known marketplace.
4. RFOX Companion. Develop an RFOX mobile companion on Android or iOS. This app will be used by RFOX ID holders and will be a way to keep users connected to RFOX, anywhere and everywhere.
5. RFOX VALT (Metaverse) Connected Worlds SDK. Construct 3D worlds using the Unity Game Engine and demonstrate how to move resources between different 3D worlds.
6. RFOX VALT (Metaverse) SHOP Construction Set. build a user interface (UI) using the Unity Game Engine that will enable users to build their own shop. This shop will later be part of the RFOX VALT metaverse.

Prizes and Opportunities for RFOX Metahack 2022 Participants

Successful participants and teams in the hackathon will receive go-to-market support worth US$35,000 for their solution, a job opportunity with RFOX, revenue-sharing opportunities, NFTs, RFOX tokens, Oculus VR headsets, and more.

In addition, our hackathon official partner AIKON is sponsoring a giveaway of 50,000 ORE tokens and one year of ORE ID service free for the winners.

Ben Fairbank, Co-Founder and CEO of RFOX, said, “The launch of the RFOX Metahack 2022 is an important milestone for our team and a concrete step in our continuous mission to move the metaverse forward. We’re excited to work with promising tech builders during this event, and we look forward to empowering them in creating solutions and features that will enrich the RFOX ecosystem and the overall blockchain industry in general. We’re also happy to collaborate with Padang & Co on this game-changing event.”

“AIKON is thrilled to be the official partner of MetaHack 2022 – RFOX’s first hackathon,” said Marc Blinder, the CEO at AIKON and a core contributor to the ORE Blockchain. “We expect this partnership to drive and scale the AIKON developer community through co-hosting hackathons, bring more funding and technological resources to ORE decentralized funding programs for ORE devs, and ultimately accelerate ORE ID’s integration in the years to come.”

RFOX Metahack 2022 Events and How to Apply

The RFOX Metahack 2022 is divided into four parts:

1. Registration. The hackathon welcomes innovative individuals and teams to sign up for the event through this form.
2. Info Session. During this segment, RFOX introduces the hackathon’s overall program challenge statements to participants. Watch the info session here.
3. Virtual Hackathon. This segment includes technical workshops about the RFOX ecosystem, as well as mentoring and networking opportunities from key figures in the blockchain industry. After these sessions, hackathon participants are expected to submit their proposed projects. 
4. Evaluation and Pitch. Following an evaluation process, a select few projects will qualify for Pitch Day, during which the qualifying teams will present their solutions before a panel of judges. Each participant that is shortlisted for Pitch Day will be given coaching and further advice before their presentations. At the end of Pitch Day, winning participants will be declared.

For more details about the RFOX Metahack 2022, please go to this website.

TheTrade: unique decentralized exchange for DeFi enthusiasts 3187

Can a DEX offer more earning opportunities for crypto owners while relieving traders from watching the market 24/7?

Yes, and that’s what is being delivered by TheTrade – an exchange that offers decentralized trading based on isolated liquidity in Uniswap v3.

New opportunities for profit

TheTrade enables DeFi traders to limit orders and trade the derivatives market with different leverage but uniquely.

Previously, when users opened limit orders on Uniswap, they had to closely watch the market and execute the order once the asset reached its price. Now, with TheTrade, order execution duties are delegated to executors. Anyone with an Ethereum account can fill the role and gain commission for their work.

Another earning possibility lies in the liquidation process. When a leveraged position gets undercollateralized, any protocol user can take on the role of a liquidator. They call TheTrade smart contract to liquidate the position and receive a generous commission.

Let’s get into more detail on how exactly both roles fit into the TheTrade ecosystem.

The role of Executor in Limit Orders

When a trader opens a position, they choose the asset they want to sell and the one they wish to receive. They also specify the price they’re ready to pay for the former. Then, the trader signs the transaction in their crypto wallet and pays for the gas and order execution fees.

Next, TheTrade smart contract places the received funds into the Uniswap v3 liquidity pool. The trader can focus on other tasks while the executor monitors the market and the process of liquidity transfer. Isn’t it powerful? Once the price of the desired asset enters the specified range and converts into another asset, they will notify the smart contract to execute the order.

After that, the asset, along with a commission for providing liquidity, goes to the trader’s wallet. And the executor receives the previously mentioned fee for order execution.

The role of Liquidator in Margin Trading

To open a leveraged position, the trader needs to provide an asset, choose a leverage option, and specify which asset they want to use to utilize market volatility. Then TheTrade smart contract adds the required amount by taking it out of the TheTrade isolated liquidity pool.

If the trader’s prediction is wrong and the market goes in the opposite direction, the position has to be liquidated. And this is where any protocol user can take on the liquidator role. They need to call TheTrade smart contract to liquidate the position.

Once the assets are swapped back, the smart contract returns the borrowed amount minus losses to TheTrade isolated liquidity pool. The liquidator receives a robust commission.

CEX-like convenience with DEX security

For a long time, centralized exchanges have been catering to all crypto traders’ wants and needs. Limit orders, multiple leverage opportunities, and full automation allowed professional market players to utilize their knowledge and experience to earn more. Yet, due to centralization, users’ funds became vulnerable to various scamming techniques. If the hacker cracked the CEX, all investors’ accounts would be at risk.

Decentralized exchanges focused on changing that by offering the crypto community total security. However, that left the development of advanced tools for professional traders for the future. But for TheTrade users, the future is already here.

“Our solution is a decentralized exchange platform that combines security, professional trading instruments, and full potential of isolated Uniswap v3 liquidity. With TheTrade, the traders won’t have to lose their time and money watching the market and the progress of liquidity transfer. They get to earn additional funds to provide their liquidity instead.

For users who want to boost their trading power, our platform offers multiple leverage options and low margin commissions” — Andrii Opanasiuk.

Benefits of using TheTrade

  • Professional trading features, including automated limit orders and multiple margin trading options.
  • Complete security with no risk of slippage or sandwich attacks on limit orders.
  • No protocol commissions on limit orders.
  • DAO solutions.
  • Big investors are interested in a long-term partnership with the TheTrade platform.

Join TheTrade in transforming the DeFi industry

The initial DEX Offering is right around the corner, and the project has already secured significant investments. Hence, TheTrade developers are already working on expanding the toolkit and making it even more convenient and profitable for all users.

Are you ready to learn more about the DeFi transforming project? Explore the TheTrade website, and be one of the first to join the growing community of TheTraders!

Aada Finance launches first lending and borrowing app on Cardano mainnet 3292

Aada Finance, a crypto assets lending platform, announces the imminent launch of the Aada Finance V1 lending and borrowing protocol on the Cardano mainnet. The release is scheduled for Sept. 13, making Aada V1 the first lending and borrowing protocol to launch on the Cardano mainnet.

Aada V1 leverages the first-mover advantage

After months of public testnet, Aada Finance is finally ready to deploy its eagerly anticipated app. The release brings lending and borrowing to Cardano, introducing decentralized finance (DeFi) primitives to the network for the first time. The event marks a significant milestone in the blockchain’s development, which will surely benefit the entire ecosystem.

Aada Finance plans to launch in anticipation of the Vasil hard fork, which will update the Cardano network. The team aims to leverage the first-mover advantage thanks to its V1 protocol’s peer-to-peer approach. While it provides a straightforward and efficient solution, the smart contract concept will mitigate future risks associated with hard fork migration.

A successful external audit to ensure high-level protocol security

A crucial aspect of the protocol’s security was the external audit. It was carried out by Vacuumlabs, a crypto and fintech company and a subset of WingRiders with extensive audit experience. Some of their accomplishments include finding security flaws in two top 10 cryptocurrencies and developing security guidelines for a renowned hardware wallet.

The Vaccumlabs’ thorough code review was a necessary step to ensure robust and risk-free smart contract implementation before the mainnet launch. It also aligned with Aada Finance’s product-first approach, which will allow users to lend and borrow safely and seamlessly without putting their funds at risk.

About Aada Finance

Aada Finance is a fully decentralized lending and borrowing protocol built on the Cardano blockchain. Its smart contracts allow users to lend and borrow assets in a peer-to-peer manner using the unique nonfungible token bond strategy.

Other unique features introduced by the platform are multi-asset lending and borrowing and the Aada 3-Node Liquidation Oracle. The latter plays an essential role in enabling lenders to liquidate their loans in the event of rapid loan health factor downfall.

The upcoming Aada Finance release culminates several months of work and development. The team acknowledges and is thankful for the community’s patience and support during the project’s early stages. To this end, it pledges to continue to follow its core principles of community-centric commitment and a build-first approach to Cardano DeFi.