Salary Systems to Petro Cryptocurrency 6024

Venezuela is set to begin using its “petro” cryptocurrency as an official accounting unit, according to the country’s president. ABC International reported the development on Tuesday, citing a televised announcement by President Nicolas Maduro, who first unveiled the petro back in December. As part of the change, the state oil and gas company Petróleos de Venezuela (PDVSA) will reportedly begin using the petro as a mandatory accounting unit.

The moves come as Venezuela’s government seeks to combat growing economic turmoil by relaxing its currency controls, according to an August 7 report from CNBC. On August 20, for example, the government will seek to revalue its currency, the bolivar, and create a “sovereign bolivar.”

In turn, the central bank will begin publishing the price of the sovereign bolivar as it relates to the petro “and the price of the petro according to international currencies,” ABC reports. Similar moves will see the country’s salary and pension systems tied to the petro’s value.

Since its debut, the petro has proven to be highly controversial, drawing attacks from opposition politicians within Venezuela as well as those in the U.S and abroad. In March, the Trump administration barred U.S. citizens from transacting in the petro as part of a series of new sanctions against the South American country.

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Satoshiverse brings their epic comic characters to Quidd 2715

1 2022 08 02 в 11 26 44

Aug 1st, 2022, New York – Quidd is proud to announce the newest collection of Mintable NFTs with the epic NFT comic universe Satoshiverse. The Satoshiverse is a comic NFT collaboration between premiere metaverse studio Apollo Entertainment and legendary DC and Marvel comic artist and creator of the first NFT comic book, Jose Delbo. It tells the story of the half-man, half-machine hero, Satoshi The Creator, and his quest to save the world from the Defenders of Fiat and the many other foes attempting to strip the people of their freedom. Together, Apollo Entertainment and Delbo are creating a universe of blockchain themed superheroes that will change the way comic storytelling is told through gamification and Web 3 technology.

In a first appearance with Quidd, on August 5, 2022, the Satoshiverse will be launching a collection of interactive, 3D augmented reality-enabled digital figurines NFTs featuring the heroes of the Apemo Army – a team of half man, half animal superheroes lead by Captain Apemo, Delbo’s superhero creation based on his Bored Ape Yacht Club ape. Through Quidd’s Mintables technology, collectors can buy into the collection with fiat and then mint their items seamlessly on-chain, with no crypto required.

Ranking award holders from the Satoshiverse x Quidd collection will unlock access and discounts to Satoshiverse’s much anticipated Apemo Army avatar mint, dropping August 22, 2022. To earn these awards, collectors will compete to collect these 3D heroes across all color rarities which will be tracked on a leaderboard. The top 10 ranking collectors on the leaderboard will earn a Gold Captain Apemo digital figurine mintable NFT and free minting for the Apemo Army avatar collection. Spots 11-50 are awarded a Silver Captain Apemo digital figurine mintable NFT and a 50% discounted mint. And spots 51-200 will win a Color Captain Apemo digital figurine mintable NFT and a 20% discounted mint.

The Satoshiverse x Quidd collection drops on August 5th, 2022. The later avatar collection will give collectors exclusive early access to Apollo Entertainment’s much anticipated Satoshi’s Legions play and earn video game.

About Satoshiverse

The Satoshiverse is an epic comic NFT collaboration between premiere metaverse studio Apollo Entertainment and legendary DC and Marvel comic artist and creator of the first NFT comic book, Jose Delbo. It tells the story of the half man, half machine hero, Satoshi The Creator and his quest to save the world from the Defenders of Fiat and the many other foes who are attempting to strip the people of their freedom.

The Satoshiverse combines the work of some of the best 2D and 3D artists in the space to create a blockchain based superhero universe with the goal of changing the way comic art is consumed by creating engaging gamified storytelling experiences. After the successful release of its avatar collection “Satoshi’s Legions – The Legionnaires” in November of 2021, Apollo Entertainment and Delbo are at it again with the release of a new high fidelity animated 3D avatar collection called “the Apemo Army” which introduces to the Satoshiverse Delbo’s beloved character Captain Apemo and the part human part animal heroes that form his army. Set to be released on August 22, 2022, the collection will give collectors exclusive early access to Apollo Entertainment’s much anticipated Satoshi’s Legions play and earn video game, which the Apollo Entertainment team is developing in Unreal Engine 5 and is set to be released in Alpha in December 2022. To learn more about Apollo Entertainment’s new collection visit: https://www.satoshiverse.io/apemo-army

About Apollo Entertainment

Apollo Entertainment is a premier NFT and metaverse consulting, curation, and production firm. Through its consulting arm, Apollo Entertainment provides consulting, management, and promotional services to top artists and brands wishing to enter the NFT space or improve their NFT offerings. A veteran of the NFT industry, Apollo NFT has consulted on some of the most significant NFT releases to date. Through its production arm, Apollo Entertainment works with artists and brands to produce top-quality art NFTs taking advantage of the latest technologies. This allows Apollo Entertainment to be a true 360 NFT and metaverse solution for artists and brands alike.

About Quidd

Quidd, a subsidiary of Animoca Brands, is the original digital collectibles and NFT marketplace. Since 2016, Quidd has worked with the world’s most prominent brands, including Disney, HBO, Funko, and over 300 others, to bring fan-first collecting to digital and blockchain platforms. The Quidd marketplace is the most innovative, robust, and accessible platform for digital and NFT collecting experiences.

Website | Twitter (QUIDD Token) | Twitter (Quidd Platform) | Discord | Telegram | Medium

About Animoca Brands

Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Grease Monkey Games, Eden Games, Darewise, Notre Game, and TinyTap. Animoca Brands has a growing portfolio of more than 340 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook​.

Contacts:
Quidd: [email protected]
Apollo: [email protected]

 

Tezro Announces New Initiative Which Allows Users To Exchange USTC For TezroST 3008

1 2022 07 26 в 12 49 12

As per the latest announcement by Tezro, USTC token holders will be given the chance to exchange USTC for TezroST, which is the Tezro shopping token backed by Tether. The rate shall be $1 per USTC token and the new feature will also only be available via the official app.

A new and innovative feature

All the users need to do to use this new feature is download the app and look for the TezroST icon. If they possess any USTC tokens, they can easily exchange them for TezroST, a shopping token that can be utilized to pay for all sorts of goods and services in online stores through the Tezro Swift API.

Tezro supporters are being encouraged to try it out as soon as possible as this is one feature that they certainly would not want to miss out on, especially given the fact that almost nobody wants to hold on to USTC tokens anymore.

Tezro could be the answer

TerraClassicUSD (USTC), formerly TerraUSD, is an open-source blockchain that hosts a wide range of dApps (dApps) as well as developer tools inside its ecosystem. Originally formed as an algorithmic stablecoin, it is a cryptocurrency which uses algorithms to maintain a 1:1 peg with the inventory currency it backs.

TerraUSD was launched in September 2020 as part of a partnership with Bittrex Global. It was co-founded by Do Kwon, the creator of Terraform Labs which is the software development company responsible for introducing the TerraLuna and TerraUSD tokens. However, after the recent Terra disaster, many have lost faith in the project and most have already sold off their coins. Additionally, as TerraClassicUSD is not a stablecoin anymore, Tezro’s new initiative could indeed be a viable method of getting rid of the USTC tokens and exchanging them for TezroST, which most would agree is a more sensible choice at this point.

About Tezro

Tezro is a comprehensive platform and application that also serves as a cryptocurrency wallet. The app provides safe chat software with plenty of innovative features and services. In addition, Tezro AI enables consumers to invest effectively in a variety of currencies on Uniswap2 and Uniswap3.

Furthermore, Tezro allows its customers to send and receive messages as well as make crypto and fiat transactions from any location. It is also the very first program that combines virtual financial transactions with digital communications in real time. Lastly, Tezro is backed by third generation blockchain technology which enables the platform to offer a variety of services and features to users. The app is also compatible with all PC, iOS and Android devices.

Visit Tezro’s official website and the Twitter, Facebook and YouTube channels for more information and regular updates.

Ultiverse: The Ultimate Metaverse is Dropping the Second Round of Their Highly Anticipated Electric Sheep Genesis! 2297

The long-awaited Electric Sheep x Ultiverse Genesis round two mint has finally arrived. Leading up to this highly anticipated mint, the Ultiverse team have arranged a series of exciting, top-level secret events – in which members will have the opportunity to not only explore what is to come in the Ultiverse, but also reap rewards.

Surrounding the hyped-up cyberpunk style world, the Electric Sheep NFT collection stays true to this theme, immersing itself into an intricate storyline. The main aim of the collection is to deliver a central concept of “self-awareness”, broadcasting the Ultiverse’s positive message of equality, freedom and independence. Part of the events leading up to the drop will involve the Ultiverse’s Terminus City preview, which is set to become one of the first pioneering metaverse platforms utilising world-renowned Unreal Engine 5 – attracting not only gamers into the Ultiverse but investors too, who are taking advantage of the current bear market.

“We are excited to launch our second Genesis NFT mint at the end of July, which will give both players and investors an opportunity to enter the world of Web3 at what we believe to be the most opportune time in the industry – during the bear market. Not only does the Ultiverse provide the community with an intricate virtual world, but also allows the interaction between multiple worlds in a truly collaborative way with the help of our Cyber-Punk themed Electric Sheep NFT drop. The Ultiverse team has lined up multiple events leading up to the Genesis drop which we believe will give the community the ultimate taste test of what to expect from the Ultiverse. We are excited to see you all participate!” Said Frank Ma, CEO of Ultiverse.

The ES: 0rigin event will be focusing on the Electric Sheep’s six main characters, in which the community will be introduced to their individual lore, whilst earning rewards through completing missions, allowing for the successful reconstruction of the character’s backstory. Those who get their hands on the ES: 0rigin NFTs will have a 1:1 3D avatar able to enter Terminus City and join the alpha test, also opening up the opportunity for more airdrops in the future. Apart from being one of the few metaverse projects built using Unreal Engine 5, Terminus City delivers an immersive and realistic experience to players, providing them with multiple gameplay modes. Avatars will give players a full sensory experience, going beyond simply moving around the city. Apart from advanced moves such as climbing, cartwheeling, dancing and shooting, avatars will be able to trade, play mini-games, listen to music, go shopping and more.

The Electric Sheep NFT staking function will be activated on the day of the Genesis mint, also labelled as the “Awakening”, which will allow users to accumulate a number of rewards such as Ultiverse tokens, Terminus Land, “Soul”, and more. The event will hold an introduction into how to obtain rewards from “Awakening” and run through their full user-friendly interface.

Building the ultimate social gaming universe – Ultiverse is connecting the world of Web3 to an immersive and fully VR compatible virtual world, which will create a unique MetaFi. Seeing a $9.5M first seed round which was led by Binance Labs, along with participation from Sequoia, DeFiance Capital, SkyVision Capital, and Three Arrows Capital, there is no doubt that the second drop will be as successful – if not more. Potential investors can expect a fruitful journey with the Ultiverse, through their Electric Sheep NFT drop.

TRON DAO Reserve Addresses Questions Regarding USDD Stablecoin 3011

1 2022 07 22 в 12 17 35

Geneva, Switzerland / July 21 / – The TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON.

The USDD stablecoin is currently the most over-collateralized stablecoin across the entire cryptocurrency market. The core mission of USDD is to provide the blockchain world with a decentralized cryptocurrency of stable value. USDD represents true decentralization across the stablecoin market. Other stablecoins such as USDC or USDT are pegged to a central platform’s U.S. dollar (USD) reserves. By nature, the fundamentals of USDC and USDT are considered centralized stablecoins with strict supervision by regulators worldwide.

Current market conditions have brought fears of assets being subject to liquidation and freezings without the consent of the holders. USDD overcomes these fears from multiple different angles. Whitelisted institutions of the TRON DAO Reserve (TDR) are authorized to mint USDD. The value of USDD is supported by the over-collateralization of highly liquid crypto assets consisting of, but not limited to, BTC, USDT, USDC, and TRX. This allows USDD to be free from centralized intermediaries so users do not have to worry about their assets being frozen with or without notice. This enables holders of USDD to truly have full ownership of their stablecoin.

Stability is an important aspect of a successful stablecoin. Centralized stablecoins such as USDC and USDT are bound by regulators to maintain a 1:1 reserve ratio to the USD. If the centralized authorities of these stablecoins are unable to meet their reserve requirements, this can cause the centralized stablecoins to lose its 1:1 USD peg. USDD is immune to such issues due to its decentralized nature. USDD is not designed to strictly peg to the USD; instead, it floats up and down around it. The price stability of USDD is maintained through monetary policies adopted by the TDR based on market conditions.

Under volatile market conditions, USDD is not considered depegged when it is within 3% up or down from the USD peg. This allows for further flexibility for the TDR to make the necessary monetary policy adjustments if needed. With recent volatility in the markets, USDD has adjusted properly through TDR’s monetary policy tools which have strongly held up against recent concerns. This methodology is known as a Linked Exchange Rate System and has successfully allowed USDD to properly scale.

The recent controversy surrounding stablecoins arose due to the LUNA and UST crash. USDD fluctuated below its USD peg partly due to market misconceptions tied to the LUNA/UST fiasco. LUNA and UST do not follow the TDR policies that USDD is subject to; instead, LUNA and UST function strictly off an algorithmic arbitrage system of burning and minting. This means that UST did not have to rely on any reserve system to support the 1:1 USD peg. This whole process relied heavily on LUNA’s liquidity, when market conditions worsened, causing UST to lose its peg, it resulted in a major shock driving prices down for LUNA and in turn UST because there was no reserve system backing it. This is what ultimately caused the collapse of the LUNA and UST prices. On the other hand, USDD is completely supported by a reserve system filled with liquid assets run by the TDR as mentioned earlier. The details of the TDR assets are published in real-time on tdr.org.

The TDR adopts four monetary policy instruments to ensure the stability of USDD, creating further growth in the TRON ecosystem. The four policy instruments are setting benchmark interest rates, open market operations (OMO), window guidance, and the minting-burning mechanism of TRX and USDD. The TDR will also explore more monetary policy tools to foster further stability and growth of the USDD ecosystem. The end goal of TDR’s monetary policy adjustments is to maintain a stable price of USDD while further empowering it to be the most reliable and decentralized stablecoin on the market.

For more information about USDD, check out our recent blog post, which goes into details on various community questions and concerns.

About USDD

USDD is a decentralized over-collateralized stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNB Chain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar through TRX and maintains its price stability under the guidance of the TRON DAO Reserve. It enables access to a stable and decentralized digital dollar system that in turn assures financial liberty for everyone.

Website | Twitter | Telegram | Discord | Medium

Media Contact
Sam Elfarra
[email protected]

Validation Capital Launches Validation Cloud, a Staking and Node-as-a-Service Provider – Aims to Disrupt Multi-Billion Dollar Blockchain Industry 2917

Blockchain infrastructure firm Validation Capital announced the launch of its infrastructure-as-a-service business, Validation Cloud. Headquartered in Zug, Switzerland, Validation Cloud is a Web3 platform that delivers elite, high-performance node and staking infrastructure. “We’re thrilled to announce the launch of Validation Cloud, the premier institutional infrastructure provider for node and staking services. We look forward to serving networks, asset managers, custodians, and applications with our enterprise-grade solutions,” said Validation Cloud CEO Michael Horowitz.

Validation Cloud provides unrivaled connectivity into Web3 via the world’s fastest, globally resilient node infrastructure. Its performance edge allows Validation Cloud to achieve superior staking yields for institutions delegating tokens to it. The company currently supports Polygon, Chainlink, Binance, Solana, Casper Labs, and Ethereum 2.0, among other networks. In addition to its staking offering, Validation Cloud is working with elite networks to supercharge their performance and scalability. Andrew McFarlane, Validation Cloud CTO, shared, “Our global, fast infrastructure and platform focus make us an ideal partner for leading blockchain networks and the organizations building on them. We are excited to empower the users, builders, and institutions of Web3.”

Validation Cloud has expanded its leadership team to support the launch, with the addition of Alex Nwaka as Chief Strategy Officer. Mr. Nwaka joins the company after serving as an advisor for several years, and brings over fourteen years of global investing and management experience to his new role. Prior to Validation Cloud, Mr. Nwaka was an investor at Touchdown Ventures (TDV), where he was responsible for the firm’s enterprise software strategy. “Validation Cloud’s infrastructure is a game-changer for Web3 in the same way that broadband was for Web2,” said Mr. Nwaka.

Validation Cloud is often one of the first partners of emerging networks. With its proven history of strong network partnerships, Validation Cloud brings scale and speed currently not seen in the blockchain staking and node infrastructure industry. Validation Cloud’s ambitious mission is to enable elite performance for billions of global transactions. Current and prospective institutional clients and networks have trusted Validation Cloud to deliver speed, resilience, and scale.

About Validation Cloud

Validation Cloud is a Web3 platform that delivers elite, high-performance node and staking infrastructure. Validation Cloud is enabling the future of Web3 via highly resilient, scalable infrastructure. Our platform provides accelerated access and superior staking yield for the most important blockchain networks.

Roxe Launches First Set of DeFi Liquidity Pools to Provide B2B FX Rates 4172

Roxe (www.roxe.io/), a blockchain infrastructure company that is powering the next generation of payments and digital commerce solutions, today announced the launch of its Roxe Payment Protocol (RPP) USD/EUR, USD/GBP and USD/PHP (Philippine peso) liquidity pools, which is the world’s first set of DeFi liquidity pools that allows its partners to send cross-border payments at wholesale FX rates.

The RPP combines the real-time Bid and Ask FX rates from financial institutions globally. Every minute, Roxe averages the midpoint of the rates, setting a single target FX rate for its partners to utilize. The B2B FX rates free up any capital held by current partners in nostro vostro accounts, eliminating pain points and the reserve requirements currently in place to send cross-border payments to the European Union, the United Kingdom and the Philippines.

“We are thrilled to launch the world’s first set of DeFi liquidity pools that provides FX at a wholesale rate, bridging the world of DeFi and TradFi through remittances,” said Josh Li, Chief Business Officer of Roxe. “The Philippines’ remittance market alone is one of the largest in the world, so this is a huge step forward for cross-border payments and a key moment in the evolution of Roxe’s platform. Based on our internal benchmarking analysis, RPP’s mid-market FX rates for these three currency pairs are up to 1% better compared with other leading commercial FX services.”

Liquidity pools are the backbone of the Roxe Instant Settlement Network (RISN) FX capability and are utilized for each currency pair supported on the platform. With growth through integrations of additional partners, the liquidity pools increase, resulting in greater amounts of send and receive currency pair pools.

Over the past few months, Roxe has ramped up product and partner expansion and recently partnered with GME (Global Money Express), who have integrated Roxe’s technology and Roxe Instant Settlement Network (RISN) to generate greater value for their end customers. Roxe was recently shortlisted as a finalist for the Bank for International Settlements (BIS) G20 TechSprint challenge on central bank digital currencies (CBDCs), and has added over 40 partners to its global payment community, including ECS Fin, Axletree Solutions, N2Xpress, Global Money Express, Fairexpay, Rana Express, iPay, and Treviso.

About Roxe

Roxe is a global payment network unlocking the future of finance with fast, flexible and cost-efficient blockchain payment solutions. Roxe’s blockchain-enabled network efficiently moves and exchanges value by removing the barriers of time, geography, and currency. Roxe was built to unify the highly fragmented financial market, enabling payment and remittance companies, banks, central banks, and consumers to get the speed and cost savings of blockchain technology, and exchange digital assets without reliance on cryptocurrencies. For more information, visit https://www.roxe.io.