Blockchain and Monetization of Content 1077

The Promise of Ethereum

Ethereum, the leading blockchain platform, and catalyst for a growing number of decentralized applications and blockchain-based platforms has proven over the past 12 months that it is far from a fad. This immutable, unhackable, distributed database of digital assets is everything the Internet always wanted to be: a fair and public way to store and transfer information. This is a platform for truth and it’s a platform for trust.

In the music industry, the protection of rights and distribution of earnings within the music industry is a key consideration. Removing the ability for piracy and allowing listeners to download music stored on the blockchain, paying for the music with cryptocurrency would be one of the paradigm shifts. It would also mean that the right people get paid.

This challenge of monetizing content is also prevalent in the broadcast content industry. Ethereum Blockchain with smart contracts makes for a perfect solution.

Pain Points for Content Creators

The industry has not changed in over 80 years. Today, it continues to be a largely offline and extensive process, involving multiple dis-jointed parties – the creators, the owners, the distributors, the increasing array of formats (eg. mobile, free-to-air TV, cable, OTT, cinemas, etc) and then there is a global consumer base with differing interests and language preferences.

The whole ecosystem today is highly fragmented and content creators are challenged to optimally monetize their content. Compounding the monetization challenge is the fact that content creators also face extremely high costs of distribution. Because the value chain is a cumbersome process for content to reach end viewers; typically 30% to 40% of the value of the content is being lost to cost of distribution via third-party commissions and fees. Hosting a conference booth and meeting events with champagne in the South of France at the Cannes Film Festival is no cheap affair.

To give some context on the potential value of a piece of content, let’s take well-known franchises like “Game of Thrones” or the “F1 Series”.   These projects can be sold in 193+ countries via free-to-air, cable, satellite and streaming mobile platforms, that is, it can potentially be sold 600 different ways once you factor language and territorial configurations.

An “A” list project can potentially earn millions of dollars via such a syndication, however, a lesser known title is lucky to be sold in 10 countries and monetized in 10 ways. Hence the potential to optimize the value of this content is at least 50 times more for the content creator if they can easily monetize their content across the various permutations.

The chief pain points of content sellers are:

  • Rights are tied up for the long-term (average 2-5 years) in distributor exclusivity contracts
  • Distributor fees are significant; averaging 35% of the value of the content
  • Rights are typically sold in bulk with other content which limits differentiation for content creators
  • The multiplicity of currencies and the vagaries of the fluctuating exchange rates
  • Content ages very fast and becomes less attractive to distributors to market

Such problems, which appear daunting are actually very easy to address, provided you have a global platform and a globally trusted ledger. Enter Ethereum Blockchain.   

Pain Points for Content Buyers

Content buyers purchase rights to play the content on their own networks and channels, such as Netflix and cable TV channels like Sony. The buyers also face a host of problems:

  • The content discovery process is fragmented and manual
  • Delayed verifiability of the rights
  • Limited by distributor’s rights options
  • Bundled rights instead of customized selection

As we can see, these problems can also be solved by implementing a global platform and a globally trusted ledger. Thus, Blockchain is not an add-on, but a natural solution to the problems faced by the content rights industry.

Existing Solutions

There are companies operating traditional marketplaces for trading content rights today; like RightsTrade (2011), TRX (2015) and AllRites (2015). With the advent of the blockchain, we are starting to observe the emergence of companies like Hubii Network, LiveTree, and AllRites exploring the use of blockchain to democratize content.

In the case of AllRites, the company was established by media professionals with decades of experience in the industry. Being intimate with the distribution challenges, they are proponents of blockchain and are moving their existing marketplace onto the Ethereum Blockchain.

But they are not stopping there, the AllRites vision is to create an integrated B2B and B2C ecosystem to holistically support the overall industry. Built on Blockchain technology, the AllRites ecosystem will drive trade efficiencies between content producers and buyers globally, facilitate funding of creative ideas and offer direct streaming to end-customers. Two associated B2C platforms will complement their existing marketplace – RiteFund and RiteStream. For consumers, these platforms allow individuals to directly support and benefit from creative concepts that they believe in.

With RiteFund, the platform facilitates content creators to list their projects and allows prospective contributors to help get a project of their choice off the ground, like Kickstarter, but with infinitely more transparency in rights management and benefits sharing thanks to smart contracts.

RiteStream is for content owners with unsold rights to optimally monetize their content via direct streaming to a global viewership base. The smart contracts seamlessly manage viewers, rights availability and revenue sharing in the backend. For example, an OTT player, like iFlix, may purchase rights to showcase a piece of content in only 30 countries, with RiteStream that same piece of content can potentially be monetized in the remaining 163 countries by direct streaming, if viewers are interested in that content. View RiteStream like the “Spotify” of TV, Movies and Sports content.

For esoteric sports like, Extreme Sailing – they have ardent fans globally but such a sport is very niche and unlikely to garner support from mainstream broadcasters. With RiteFund, fans of Extreme Sailing can directly support creative talent who are also passionate about their sport and who are creating great content about it. These same creative talents can now monetize their content by streaming it directly to the Extreme Sailing fans globally via RiteStream.

Blockchain Technology Deployed

The team at AllRites believe that if the content itself can be reliably audited, the management of its rights becomes a much simpler exercise. Thanks to the Ethereum Blockchain, each ID can be a smart contract that manages the identity and purchase history of the rights belonging to one piece of content at an individual level. Thus, the rights can be sliced and diced in multiple ways and the buyers can buy only those rights which they need. The smart contract tied to each content piece records the transaction history of that content piece individually in a transparent and immutable manner.

While the content rights can be viewed by all prospective buyers, the sellers can be assured of optimal monetization due to the plethora of ways in which the rights have been divided into.

The ID tied to the content can be managed by creating a non-fungible token. It could be similar to the EIP721 protocol that was famously used by CryptoKitties. Thus, the sale and purchase of content rights can be recorded on individual non fungible tokens without affecting the entire ecosystem.

A global fungible token that adheres to the ERC20 standards can take care of the sale and purchase aspects of the deal. To ensure trust, AllRites will be storing the content as decentralized encrypted files which can be unlocked only by a private key.

On successful completion of a sale, the seller sends the private key to the buyer while the buyer transfers the payment tokens to the seller. As an added layer of security, the key and the tokens corresponding to the bid made on the content rights can be placed in an escrow. Once the sale is finalized, a smart contract takes over and governs the transfer of the private key and the tokens to the new owners in an automated manner.

Regarding the case of content creators with unsold content, the RiteStream platform caters to them. Here, the platform becomes the universal global distributor of the rights that went unsold and streams it directly to the viewers in exchange for tokens. In this case, content creators get a platform like YouTube, but with an infinitely better monetization potential.

It has also been seen that content creators, despite having amazing ideas, often struggle to get their plans off the ground due to lack of funding. Consumers are robbed of potential gems. In the music world, its analogues with the likes of Justin Bieber and Carly Rae Jepsen being discovered via YouTube.

With Ethereum, smart contracts can be implemented which facilitate the transfer of funds from fans and supporters directly to the content creators in an easy and trackable manner. Once the content is created, it is uploaded onto the AllRites Marketplace where content rights can be transacted. After subtracting for platform fees, all proceeds can be seamlessly transferred back to the fans/supporters corresponding to the ratio in which they were contributed.

Conclusion

Using blockchain and smart contracts makes the business of content rights deal making and distribution a lot less complicated and instantaneously verifiable. Blockchain takes care of the globally trusted ledger needs, the smart contracts take care of transactions by automating them.

This translates to tremendous efficiency gains for both content buyers and sellers. And, for owners of content, the age-old challenge of optimally monetizing their content is solved.

The added bonus is that in this new decentralized and immutable ecosystem driven by blockchain, consumers can finally have a direct say in what content they want to support and watch.

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Blockchain and NFT technology Applications to become New Growth Drivers for Glory Star 9160

Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) (“Glory Star” or the “Company”), a leading digital media platform and content-driven e-commerce company in China, today announced the commencement of the commercial applications of its blockchain and non-fungible token (“NFT”) technologies through its digital copyright management platform (the “Platform”). The Platform will allow Glory Star to further explore business opportunities in NFT assets as potential new growth drivers for the Company.

Interest in NFTs derived from blockchain technology is growing rapidly. According to the latest data from nonfungible.com, the value of the entire NFT market has grown from less than $41 million three years ago to $338 million at the end of 2020, representing an increase of 724%. Furthermore, with the development of the digital global economy, production, operation, consumption, entertainment, and lifestyles are rapidly undergoing a digital transformation. This has led to data becoming one of the most important assets in this new digital economy. Consequently, new challenges in data authentication and authorization have also become important issues to consider, and blockchain technology could play a significant role in alleviating these challenges.

Glory Star’s Platform has been put to use in the Company’s copyright management system for its CHEERS video platform as well as the SaaS, point-redemption, and live-event modules for its CHEERS e-Mall. The Company’s Platform leverages cutting-edge technologies such as blockchain, big data, and artificial intelligence to store the key data for digital intellectual property (“IP”) in a blockchain database. The immutability, traceability, scalability, and transparency of blockchain technology enables the Company’s database to verify the integrity and security of these assets through all registration, search, and other processes. This ensures the credibility of the digital IP and the traceability of user operations to ensure a trustworthy and authoritative copyright platform.

Furthermore, the Company’s Platform offers effective tools for users to streamline copyright validation, storage, protection, and other transactional processes for digital assets to safeguard against copyright infringement. It also provides effective solutions for industry challenges in copyright verification, monitoring, and evidence collection. The Platform also provides digital asset blockchain certificates to validate copyright, deploys a digital-asset DNA database for cross-checking information and generating verification reports to monitor copyright, and leverages blockchain technology to enable the collection of ownership data, confirm the digital asset’s ownership online, and execute copyright transactions to generate funds by trading asset-backed securities through the blockchain. As previously announced, the Company has signed a cooperation agreement with Beijing Minsheng Art Museum to promote the application of NFT technologies for digital content. Both parties plan to further explore the feasibility of minting joint NFT assets and participating in the trading of NFT artwork and other collectible digital assets. In addition, Glory Star will integrate a new category of cultural and art collectibles on the Company’s CHEERS e-Mall platform, which will provide a boost to the circulation and promotion of Chinese artwork and further improve the content ecology on CHEERS applications.

Mr. Bing Zhang, Founder and Chief Executive Officer of Glory Star, commented, “As an innovator in the entertainment industry, we have always actively monitored the digital development of culture, media, and technology with great interest. Our commitment to R&D and investment in new technology has always been critical to our strategy to integrate our product ecosystem with the new digital economy. We are confident that such efforts will enhance the competitiveness of our products and fortify our industry leadership. Going forward, new applications for blockchain technology will be an important focus for us to promote rapid growth not only for Glory Star but for the entire digital content industry as well.”

Meet TABOO, the unique token that gives reward for every transaction 8936

TABOO

TABOO is a community-led project with absolute rug proof security, allowing all participants to participate in a completely secure ecosystem with a fully locked liquidity pool. They give a portion of each purchase to their faithful holders as a gift. With each transaction, your TABOO tokens will rise!

TABOO holders passively earn tokens by static incentives with a set 5% tax that is allocated to their holders’ ‘TABOO is a deflationary MEME token with a 7% transaction tax. 2 percent is indefinitely burnt from the stock, implying that the quantity of token in nature is still decreasing, making this token more difficult to obtain, raising the token’s price. 5 percent is allocated to all of our holders, implying that the number of tokens in your wallet is constantly increasing!

Team Tokens are secured by a DX auction, and liquidity is secured, providing our investors with complete security.

People behind TABOO 

The TABOO team is an entertainment and publishing blockchain platform initiative that uses NFTs to build an inspired and, most importantly, satisfied long term holder!

They are a deflationary meme token that brings you unique never-before-seen uncensored NFT material from world renowned beauties!

TABOO’s staff understands that the fundamentals of a good coin must be MARKETING! They need a crowd whose values are shared, and there is no question that as a group, they will push this coin well beyond the $100 million market cap in no time.

Roadmap

Q2 2021:

  • Launch Website
  • Presale
  • Airdrops
  • Whitepaper
  • CoinMarketCap listing

Q3 2021:

  • Top Tier CEX Listings
  • Deploy exclusive NFT content to premium TABOO holders
  • Banner ad campaigns
  • Glamour model/ pornstar marketing
  • Begin talks with leading online adult only websites

Tokenomics

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How to buy TABOO

To buy TABOO, you must first own some BNB and transfer it to your wallet. TABOO can then be obtained via PancakeSwap.

SEND BNB TO WALLET

1. Login to your binance.com account. select wallet and click “overview”.

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2. In your wallet overview, click “withdraw”.

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3. Once you’re in the withdrawal menu, select bnb, enter the withdrawal address (obtained from metamask), select binance smart chain as the transfer network, and enter the amount you want to withdraw.

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4. After selecting binance smart chain as the transfer network, a pop-up screen will appear. select “I understand”.

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5. The next steps are the same as with any other withdrawal. A confirmation screen will appear to inform you about the conversion rate, fees, and to allow you to review the transaction details once again.

6. Once confirmed, you’ll be asked to enter your verification code to approve the withdrawal.

Your transaction will be processed shortly. The funds should appear in your metamask wallet balance (under smart chain) within a few minutes after you receive the withdrawal confirmation email.

BUY TABOO ON PANCAKESWAP

1. Access to www.taboo.community

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2. Buy Taboo on pancakeswap

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Join TABOO on Telegram

Plethori is Offering Investment Opportunities into Leading Insurance, NFT, and Oracle Sectors 9017

Plethori

London, United Kingdom / 23 May 2021 / Plethori, a cryptocurrency ETF investment platform, is offering investment opportunities into leading Insurance, NFT, and Oracle sectors.

In the crypto world, investment opportunities are plenty, but can appear scattered and complex. Plethori plans to help solve this problem. As crypto becomes more mainstream, emerging projects are combining the best of the traditional and decentralized markets in order to offer the greatest investment opportunities to serious investors. One such company is Plethori, a one-of-a-kind cross-chain investment platform built on the Ethereum and Polkadot blockchains. Their goal: to deliver Cryptocurrency Exchange-Traded Funds (ETFs) to the masses via their platforms.

Plethori is a Cryptocurrency ETF Investment Platform that allows the open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The service will allow investors to deposit capital in the form of PLE tokens and invest in a wide range of ETFs enabling investment into entire industries in cryptocurrency such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects, and many more.

The cross-chain investment platform recently partnered with Shield Finance — a multichain DeFi insurance aggregator. Shield Finance has developed an insurance aggregator which enables investors to protect their portfolio against ‘black swan events such as hacks, exploits, rug pulls, market crashes. The partnership will provide Plethori’s users with the power to insure their investments against negative price movement. Shield Finance will deploy Market Crash Protection contracts to cover the $PLE token. Holders will be able to insure their tokens against loss, giving them the ability to sell their $PLE at a guaranteed price (irrespective of current market price). Plethori also has plans to explore deploying the same insurance contracts to cover their range of available ETFs.

Plethori Brings Financial Inclusiveness

Soon to be launched on the ethereum layer 2 solution Optimism, Plethori will be able to offer their users ultra-low transaction fees and fast trading whilst maintaining high security. The platform shall also provide ERC-721 integration, rewarding ETF creation and trading achievements and gratifying investment and trading. Plethori will utilize the Ethereum and Polkadot ecosystems, empowering traders by providing a wide range of ETF tokens to trade and invest in. This will allow for the leveraging of technology from both blockchains. The service will allow investors to create fully decentralized ETFs that can then be traded which will earn creators a share of the subsequent transaction fees. The leaderboard system will reward top-performing fund creators with NFTs which give perks on the platform and partner project platforms such as early access to releases and higher staking APY.

Some of the key features on the platform include: Metamask Wallet connectivity for trustless non-custodial transactions; Blank Wallet integration for secure, private transactions; ultra-low fees on transactions; margin trading; leveraged trading; advanced charting features; detailed asset information; cryptocurrency market analytics; portfolio management tools; PLE token staking and farming and a lot more.

Plethori Governance

Plethori Governance is the governance platform and a community forum where PLE token holders will be able to submit proposals and vote on platform changes which will be vetted and executed by using governance contracts. The community will be able to communicate with other equally dedicated members in the tiered groups on the platform and coordinate and propose changes to the Plethori ecosystem.

The governance structure will be a complex but fair tiered system with each holder initially holding an equal single vote and their vote growing in value in response to certain factors relating to usage and involvement in the ecosystem.

The metrics that will influence the governance tier level and strength of vote are: length of time holding PLE; length of time staking/farming PLE; frequency of usage of the Plethori platform; level of engagement in the Plethori Governance platform, and; community contributions.

This system allows for community control, which holds true to the original cryptocurrency ideals of decentralization and democratization.

The PLE token will additionally act as a governance token for the platform giving the community the power to direct the development and advancement of their goals. PLE token holders will be able to vote on the platform to determine fund parameters and new features. They’ll also be able to influence decisions concerning the project such as ETF asset rebalancing or listing/delisting of assets. The changes proposed will be vetted and then voted on through the governance platform. Any changes will be applied automatically via smart contracts.

Conclusion

Plethori is bringing an era of financial inclusiveness through its cross-chain investment platform that offers several investment opportunities via Defi to one and all. Their interoperable platform allows for seamless trading between the Ethereum and Polkadot ecosystems.

The platform guarantees more than simply an aesthetically thought-out UI but also an investor-centric feel to create the perfect blend between form and functionality.

Social Links :

Twitter : https://twitter.com/plethori

Telegram : https://t.me/plethori

Medium : https://medium.com/plethori

ARNO Token is a Real Nano Technology Project for Investment 9733

Arno

Today, it is vital for businesses to cut and stabilize costs as much as possible. For industrial systems and processes, energy conservation is becoming a top priority. Art Nano (ARNO) is focused on integrating the use of carbon nanotechnology for energy storage and battery improvement technologies at a time when natural and non-renewable resources are rapidly depleting. Aside from depleting resources, energy storage is a significant concern, as the majority of losses occur during storage and transformation. ARNO has created carbon-based products that, when combined with current battery technology, can provide significant energy savings. The business has prioritized expansion and the creation of a decentralized and efficient distribution system that includes defi integration.

ARNO token project is quickly gaining traction as a promising investment opportunity. This initiative is a focused endeavour to finance the implementation of a scientifically sound, cutting-edge technology into long-standing supply chains in order to update existing and outdated systems that haven’t yet lost their utility. The ARNO token is heavily used in the project’s economic framework, and it serves as the centre of gravity for the entire ecosystem. Also, the most widely used cryptocurrencies, such as Bitcoin and Ethereum, would be excluded. In the project and all of its elements, only ARNO will be used. It’s a high-liquidity project that takes place in the real world.

ARNO token has done its utmost to ensure that the actual state of affairs in the project corresponds to the roadmap and preparation that was done at the outset in order to fulfil the obligations to all the partners. The project is on route to meet its deadline and is on track to achieve its target. The truth is becoming more apparent every day as a result of recent events.

ARNO Joins Forces With The German Patent Office

ARNO has signed a memorandum of understanding with the German Agency for the Protection of Rights and Intellectual Property. It is this entity that will represent the entire project’s interests in matters such as patent filings, trademark registrations, and so on. This is a watershed moment for ARNO, the up-and-coming secondary power solution provider using Defi and Nanotechnology.

The incorporation of a German trademark would include much-needed intellectual property registration, enabling them to move forward with the mass production of their carbon nanotubes, which could be combined with existing battery technology. Furthermore, in the future, they will be responsible for filing patent applications, as well as their registration and receipt, trademarks, and intellectual property in general.

Integrated PayPal Payment Option

In the field of partner fees, there have been several improvements. The PayPal-based payment acceptance system is fully operational after almost three weeks of adjustment and clarification of the complexities, which we consider to be a significant accomplishment. This platform now has the PayPal payment option, allowing customers to buy and sell the native token, ARNO token, with ease. Provided that it would work with defi, this would also help them simplify the payment process.

Successful negotiations with Monbat Groups

ARNO is also looking for potential future partners, such as lead-acid battery suppliers, as well as partnering with the Bulgarian government to secure space for the project’s laboratory and production base. In Bulgaria, a management company has already been established to oversee the project’s implementation throughout the European Union’s territory.

Furthermore, in Bulgaria, talks with the Monbat group of companies, one of the largest European manufacturers and distributors of lead-acid batteries, have been fruitful over the last two weeks. An agreement was reached on our project, receiving a portion of the shares in a joint venture for the development of carbon nanomaterials produced by our company at specially designated sites in Bulgaria and the incorporation of technologies developed by us into the final product’s production process.

Samples of the carbon nanomaterials have already been sent for testing, and models of batteries will be manufactured specifically for this project in the near future, with testing of working samples beginning at the factory according to agreed international standards. In addition, the produced samples will be sent to our laboratory for a thorough examination. Furthermore, talks with the Advanced Research and Technologies company are underway to begin designing installations – reactors for the serial processing of carbon nanomaterials that will be used – as well as developing design estimates. This contract is expected to close soon as well.

Conclusion

ARNO is, without a doubt, the future of authentic nanotechnology projects that are ideal for investment. It’s a project with a lot of liquidity that occurs in the real world. The project has already gained traction, and deals are being closed on a regular basis. ARNO Token investments are investments in the high-tech manufacturing of truly essential goods. The project’s benefit is ensured by access to the accumulated funds and the physical development of the project’s capitalization value. ARNO’s promises are becoming a reality with each passing day.

Stay Updated, Follow ARNO on :

Twitter | Telegram | Facebook | Linkedin | Instagram | Youtube

ZHU Announces Plans to Build NFT-based Fan Community 10647

ZHU - Photo Credit: Joey Vitalari
ZHU – Photo Credit: Joey Vitalari

Today, ZHU reveals the details of his plan to build an NFT-based fan community. Beginning with the DREAMROCKS NFT Collection exclusive to Red Rocks concert-goers, an open Zhuman Community token will also be made available for fans worldwide. Fans who attended ZHU’s six-night sold out run at Red Rocks that concluded last night are able to register for community tokens as well as limited-edition moment tokens that include exclusive content from the show they attended. To redeem, showgoers should register using the same email they used to purchase their concert tickets.

Fans of ZHU worldwide will also be able to redeem an open Zhuman Community token. The Zhuman Community token will grant holders access to exclusive content and events to be announced in the coming weeks. ZHU adds, “The fans have shown up so hard these last two weeks at Red Rocks, I’m excited to give something special back to them while also making sure all of my Zhumans worldwide can be a part of the community we’re building.” All DREAMROCKS tokens will be minted and issued on Saturday, May 15th at 12 PM ET. All Zhuman Community tokens will begin minting in the coming weeks. Fans should visit ZHU’s page on the Yellowheart Marketplace for more information and to redeem.

The DREAMROCKS NFT Collection from ZHU is being issued by Night After Night and Yellowheart, the partners behind Kings of Leon’s NFT YOURSELF album release. These releases make ZHU the first artist to build a fan community by issuing free community tokens and the first to issue tokens tied to a live experience.

Casey McGrath, CCO of Night After Night adds, “With this offering, ZHU is setting the tone for how artists should enter the space and use NFTs to create a fan-first model that establishes a long term direct-to-fan pathway.”

“For YellowHeart, democratizing the modern live music experience is our mission. As in-person events start to come back, introducing the many ways NFTs can transform and amplify live music for both artists and fans, in a way that’s better for the environment, is all the more exciting,” said Josh Katz, Founder & CEO of YellowHeart. “It was important to ZHU to have both a carbon-neutral process, as well as offer tokens that are gas-free, so all of his fans could participate in this iconic drop. Since YellowHeart uses Ethereum Layer 2, which uses proof-of-stake, it is the most efficient blockchain solution in terms of gas fees and energy consumption.”

Crypto Investing Re-invented Following BlackDragon’s New Platform Launch 10320

BlackDragon

BlackDragon, the early-stage crypto investing fundraising group, has launched its new decentralized blockchain-native Platform this (Sunday, the 9th of May 2021).

This milestone will make investing both more convenient and simpler for those seeking the highest returns for their capital. With over 1,000 community members and an average ROI of 40x in 2020, BlackDragon has enabled everyday investors to see returns previously only reserved for those with privileged access, extensive crypto networks, and the ability to put in countless hours of dedicated research.

Our newly developed platform is a crypto investors’ one-stop-shop where investors can take comfort knowing that the experienced BlackDragon team has vetted projects and conducted the appropriate due diligence.

The cohesive and beautifully designed app compiles the various projects with the key fundraising data associated with each and provides links to research, key socials, and ROI on previous projects. All the user has to do is bridge their tokens, lock them up to calculate their pro-rata percentage amount, and decide which projects they would like to invest in. Then, with the push of a button, their capital is allocated to prime early-stage projects of their choice.

Apart from sleek UX/UI design, which allows users to easily navigate and search through deals, the app’s biggest innovation is that it runs on the xDAI network, making transactions cheaper, faster, and more efficient. The mechanism allows xDAI tokens to be bridged to and from the ETH blockchain.

And this is where the BlackDragon Token comes into play. The BlackDragon Token (BDT) is an integral part of the BlackDragon investing ecosystem, as it grants access to the platform itself and is used for calculating investment allocations. The way it works is this – if you want a higher project allocation, you need to lock more xBDT.

It is important to note that xBDT tokens can be locked by users via integrated smart contracts, meaning each user gets to decide how many tokens they want to lock/unlock for a certain period. Subsequently, the tokens are locked for 6 months, stimulating stable price appreciation.

BlackDragon currently offers access to their investing services based on the following levels:

Level 0

White Dragon

250+ BD Tokens

Access to 60% of deals

Level 1

Green Dragon

1,000+ BD Tokens

Access to 90% of deals

Level 2

Yellow Dragon

5,000+ BD Tokens

Access to 95% of deals

Level 3

Black Dragon

10,000+ BD Tokens

Access to 100% of deals

If you’re considering getting into crypto investing, but have no idea where to start, or if you’re a seasoned trader and want to save time on research and gain exclusive access to preliminary deals while enjoying a premium UX/UI experience, then BlackDragon is your gateway to convenient and successful crypto gains.