Colombian President Promises to Cut Rent Taxes for Crypto Firms 7897

Colombian President Ivan Duque has recently promised to cut taxes for cryptocurrency and blockchain startups, local newspaper El Tiempo reported Wednesday, August 29. Duque delivered an opening message during ANDICOM, an international congress on information and communications technology (ICT) held annually in Cartagena de Indias, Colombia. A recording of his speech is now available on YouTube.

President confessed that he was “obsessed” with technology, especially with robotics and artificial intelligence (AI). He further stressed that Colombia needs its own regulator for the ICT industry and promised to establish a high council for the transformation and digital society.

According to Duque, the use of advanced technologies might help the state tackle corruption along with improving such areas as security, justice and medicine. He proposed to leverage blockchain and AI to track public funds and detect abnormalities.

Moving on to the crypto industry, Duque promised to relieve cryptocurrency-related businesses of rent taxes for as long as five years, provided they generate a certain number of new jobs.

Ivan Duque is the current president of Colombia. He took office in August 2018 after winning the elections earlier in May. The politician has a strong financial background, previously holding significant positions in the country’s Ministry of Finance and Inter-American Development Bank.

Colombian senate is similarly optimistic about blockchain, stating that it “could change lives” after a debate in June. In addition to that, a national blockchain association was established in the country in May.

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Exchange thousands of tokens with newly launched Changelly DeFi Swap 3323

As so-called decentralized finance (DeFi) applications boomed in the summer of 2020, the market has pivoted toward a new direction. DeFi makes financial products and services available to everyone who has access to the internet. Moreover, it helps eliminate third-party involvement in people’s businesses and private lives by creating fully secure and anonymous financial services. Next, DeFi empowers users to truly own their funds and utilize various tools to lend, borrow, stake, earn interest and more.

We are thrilled to announce that we are taking the first step toward introducing DeFi possibilities to our users with Changelly DeFi Swap powered by Yet Another DeFi.

Yet Another DeFi is a decentralized exchange (DEX) aggregator that encompasses all the advantages of DeFi and optimizes transaction costs. The Smart Router by YAD finds the best way for a swap among different liquidity providers and suggests the most beneficial split to proceed with the transaction.

What does this integration mean to our users?

  • 1,000+ available tokens
  • Best rates via DeFi
  • Lower transaction costs compared to industry leaders.

At present, any user can swap various Ethereum-based assets with just a few clicks. However, many more chains will become available in the near future, including BNB Chain, Solana, Fantom, Polygon, Arbitrum, Optimism, Tron and others.

The Changelly team is committed to the goal of becoming the leading CEX and DEX aggregator on the market. We believe our seven-year experience of working with CEXs combined with limitless opportunities of DEXs will make it possible to provide even better rates and lower fees to our users. With the integration of DEXs, we get one step closer to enabling seamless anything-to-anything swaps, regardless of blockchain, wallet connector, etc.

Learn more about Changelly:
Changelly website: https://changelly.com/
Changelly DeFi Swap: https://changelly.com/decentralized-exchange
Changelly Twitter: https://twitter.com/Changelly_team

New Idexo Zapier Integration Connects Over 5000 Web2 Applications to Web3 Unlocking Thousands of NFT Innovation Use Cases 3624

idexo is pleased to announce that it has successfully completed an integration with Zapier, enabling any app that connects to Zapier to connect to the blockchain and web3 across many different chains, and unlocking many thousands of new NFT innovation use cases. The idexo Zapier integration has launched in Beta phase and is available in the Zapier App Directory.

Applications of this integration include:

  • Mint an NFT any time a new row is added to a Google Sheet
  • Mint an NFT with an Email
  • Mint and gift new NFTs as part of drip marketing campaigns
  • Autogenerate early user Soulbound Tokens and participation-based NFTs based on product usage and other customer milestones
  • Trigger NFT mints on a time-based schedule or via webhook action from any application
  • Turn web2 tickets into web3 tickets
  • Create smart contracts via Google Form, Typeform, Wufoo, Gravity Forms and others
  • Create new NFT surveys and responses via any connected web form or survey application
  • Create new decentralized Business Intelligence and Reporting applications using NFTs
  • Create automated workflows that create NFT collections and NFTs within them and promote them on social media
  • Create audio NFTs from voice calls
  • Instantly back up new files from Google Drive, Dropbox and others to permanent decentralized storage on Arweave
  • Generate quotes and proposals as shareable NFTs
  • Autogenerate access and membership NFTs from traditional transactions
  • Organize journals and photos into NFT collections
  • Turn NFTs into printed items such as posters and t-shirts

How anyone can get started using this integration:

  • Register an idexo account
  • Find API key – this is what you need to enter when accessing your Zap
  • Add transaction credits and use them to purchase method credits necessary for making the integration transactions
  • Connect your Zaps using the Zapier interface. To try a simple one, connect a Google Sheet and trigger a new contract deployment and/or NFT mint using a new row in a sheet, or use a webform integration to create them using a simple form.
  • For smart contracts deployed, you can find them under the Contracts tab in the idexo app dashboard. For individual transactions such as minting NFTs, these will appear as a log under the API section under account settings.
  • If desired, set-up a trial account for one of idexo’s monthly plans to access advanced SaaS features and enhanced support

To support the creation of Zap templates, idexo will be holding an idexo Zap hackathon with details and dates to be announced soon.

“From our founding idexo has been focused on simplifying the process of integrating blockchain features into regular applications, opening up NFT innovation to the broader market of creative entrepreneurs,” says Greg Marlin, CEO/CTO of idexo, “We started with simplifying everything down to one line of code and straightforward naming back in early 2021. We’ve always strived to make it easy for anyone, including non-coders to achieve great applications. This aligns perfectly with Zapier’s mission to help people build no-code applications and they’ve done an amazing job of enabling that and attracting such a large number of connected apps. We’re excited to see what people build with these new integrations that connect the Zapier ecosystem with an ever-growing idexo library of available smart contracts, layer 1 and layer 2 blockchains, and web3 and NFT integrations.”

To get started with the idexo Zapier integration, users can first register a free account to obtain an API key and add the necessary transaction and method credits to perform transactions. For more information, users and companies can find documentation links and book a guided demo on the idexo website.

ABOUT IDEXO

Idexo envisions a world where decentralized applications pervade every industry in the $88Trillion/year world economy the way the Internet does.

Idexo’s mission is to empower innovators to create these industry-disrupting applications.

RFOX Launches the RFOX Metahack 2022, a Web 3.0 Hackathon Presented by Padang & Co 3466

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 3771

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 3825

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.

CME Group Announces Launch of Euro-denominated Bitcoin and Ether Futures 3833

CME Group, the world’s leading derivatives marketplace, today launched Bitcoin Euro and Ether Euro futures.

“The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominated Bitcoin and Ether futures contracts,” said Tim McCourt, Global Head of Equity and FX Products, CME Group. “Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap.”

Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. These new contracts will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day reference rates of the euro-denominated price of bitcoin and ether.

These new futures contracts will be listed on and subject to the rules of CME.

For more information on this product, please visit https://www.cmegroup.com/cryptocurrencies#explore-our-cryptocurrency-products.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.