The Future of Social Media 1344

Any media is a combination of channel and information. Media uses platform to build the channel to communicate with its audience. An audience chooses the media based on a suitable platform and the information it provides. Traditional media used to control their platforms completely. With the growth of social media, their pages became one of many on the platform. Those platform changes affected income source. Here are the media evolution milestones based on those two determining factors.

The infographic demonstrates the evolution of media platform and revenue source.

Print media

It was a long age of print media dominance. There was no other way to distribute information and to connect with each other, other than through publications in newspapers or magazines. The media brand was influential, and subscribers and advertisers were its income source.

Internet media

The emergence of Internet prompted print media to create their own web pages. While the subscription-based part of their income reduced, their business models didn’t change. Banners and sponsored articles became their main source of revenue.

Social media

The struggle between the media and the platform started with the introduction of social media. Internet media use platform to attract an audience and to lure it to visit their web pages.

This does not align with platform goals.

The biggest asset of social media is user data and user-generated content. Their main source of revenue is highly targeted advertisement. While traditional internet-media also have become an element of the advertising networks, they have to share their revenue with content creators. The targeted ads generate too little revenue, that is also cut by an intermediary. Media just can’t produce high-quality content with this source of income alone.

Meanwhile, social media have demonstrated the influence of individuals.

Next generation media

Closer and more instant interactions have become the main trend developing in the new media. This leads to the growth of messenger-like media and streaming functions. With our friends, we prefer to chat in messengers. To experience more, we go to specialized platforms, which display videos, photos, streams or blog posts.

The influencers are rising and claim their share of income. Traditional social platforms manipulate feeds and content to increase their revenue while authors of good content and active communities receive no support. The new revenue model of social media has to involve direct payments. Let’s dive into the future of media and understand how it will benefit all of us.

Trends

How is social media landscape changing? Major platforms introduce a multitude of ideas and approaches with the ultimate goal – to stay influential and increase revenue.

Money has to be shared

Targeting used to be the goldmine for both advertisers and platforms. Companies just reaped customers who were ready and willing to buy. The art of targeting has become popular and now it is a very sophisticated process, while an audience is an object of interest for many companies. Within the traditional model it is becoming more difficult for brands to stand out there. They need influencers to create engaging stories for the brand audience. A creative approach will be more compelling for advertisers.

Media implements many options such as paywall, subscriptions and micro-payments. Direct payments for the specific content or to the user also become more and more popular.

The infographic shows trends in targeting. The bid competition increases and customer acquisition costs become higher. Companies are trying to target more precisely to reach potential customers. While the customers who are ready to buy attract the most attention, the top of the pipeline stays untreated. Brands can cover them by storytelling through different media, platform, and influencers and make real fans of these customers.

Outstanding content breakthrough

The business model of social platforms affects the content quality too. The requirements for content have become low, it just has to grab attention quickly. The channel has become more important for all the parties of social interactions: if you can attract the audience you can earn, regardless of the content quality.

Nowadays social media and other web sites are flooded with low-quality content. Platforms apply different approaches to handle it: moderators, AI, censorship. For example, YouTube introduces manual moderation and additional requirements for partnered channels. Huffington Post announced it will no longer work with contributors on its U.S. site.

The best way to identify quality content is to let users pay for it directly. Experts, educators, and outstanding showmen would thrive eventually.

People build trust

Don’t forget the reason why we all gather here: to communicate openly with someone we like. Social media platforms want us to stay more on their pages and to click adds. For example, Facebook applies algorithms to make people stay longer there, at the same time audience engagement decreases. Facebook has become less social, more media: we scroll feed looking for stories, entertainment and news, and don’t spend the time to comment, like or share.

The personal interactions move to other mediums, such as messengers and streams. Influencers gather people in communities and use group chats, streams, and comments. Communities motivate people to interact, rather than be merely informed.  Information, news, memes, and other content spread very fast across communities, while algorithms address long-term processes.

The new business model

While most traditional networks and media are trying to catch some new trends, the new business model arises. It is that pivotal moment when media just can’t use additional attributes to stay on the top. The new model would not complement traditional platforms, it substitutes them as they don’t change their primary source of revenue based on targeting ads.

The social network, which wins the future, has to combine new business model, new technologies and the new type of content which attracts the young audience. Young people change their preferences fast. Currently, the most popular global social network is just number four in their top and tends to become even less popular. And this list is changing continuously.

Let’s take a closer look at the new business model of media and the example that illustrates it. Monoreto is the social platform which brings together all trends and illustrates the upcoming model. This platform is based exactly on the new principle – direct payments to support excellent content creators.

The core of the platform is content, personal communications, and instant feedback. The platform allows to easily launch live broadcasts, create stories with photos and 10-second videos with overlaid text, and publish different types of content including photo and video.

Influencer: produces content and interact with users. Tells a brand’s story.

Direct donations are the basis of the new model

The donation model of Monoreto implements blockchain technology. The minimum transaction is equal to 5 cents in Monoreto tokens (or more, up to donator), which users transfer with their likes.

There are several reasons why users already donate and will continue to do so:

They want to interact with a public person and to attract attention. During live streams donations have become a very popular way to interact with a broadcaster, to ask him to say or do something. This kind of interactions with influencer become a valuable experience.

Gamification: there are a plenty of ways to turn gratitude into entertainment. In Monoreto these are quizzes, lotteries, and competitions. For example, a world-famous sportsman is able to publish a post and announce that top 3 active donors to the post will get the opportunity to meet him (for dinner, at a training club, etc.)  Millions of followers and fans crave to win the prize. The media easily and transparently conveys the procedure, and winners will gain recognition by everyone and will get their moment of glory.

They also want to be stars, so they explore the platform, interact with influencers and gradually become more active and start to donate. Donations help to stand out for users and even for brands, because accounts who “donate” likes promote their posts in the newsfeed. Brands are encouraged to tell their stories directly to the audience. By liking quality content of other users, a business account climbs upwards on Monoreto’s smart feed and gives information to potential consumers through their content. A business owner thereby gets a real return on advertising investment and his money ends up going to his favorite photographer, blogger, actor, or even another business he decides to support instead of some advertising intermediary.

Find out more at the Monoreto Telegram Channel here.

Monoreto demonstrates a new vision for the social platform model. While the amount of content increases overwhelmingly, it is very important to highlight the best of it and put it on display. The platform distributes revenue from both users and advertisers directly to the content authors. Their motivation to create and form active communities increases. The social platform of the new generation benefits all parties: users, authors, and advertisers. The changes promise to be disruptive.

Previous ArticleNext Article

Leave a Reply

Metatime Raises $11M in Private Funding to Enhance Web 3.0 Ecosystem 1319

Metatime has announced that it has raised a total of $11 million in investment through two seed sales held to develop the Web 3.0 ecosystem. The funds raised in the two seed sale rounds held before the initial public offering will support Metatime’s goal of expanding its Web 3.0 product range.

Under the umbrella of Yıldız Tekno GSYO A.Ş., leading investors including Halkbank, Kalyon Holding, Yıldız Technical University, and Türk Telekom provided a total of $11 million in funding to Metatime. Also, more than 10 angel investors participated in the two-stage seed sale. The locks of 10% of the MetaCoins (MTC) sold in the two-stage seed sale will be opened after the final public offering, which will end on November 11, 2023. The remaining 90% will be linearly released for use starting from the main launch date of November 11, 2023, for a period of 225 days.

The demand collection process, which started on March 3 and will continue until March 23, is ongoing. With high demand for the first private sale of MTC, investors are vying to own MetaCoin at a fixed price of USD 0.07. Metatime has released all the details of the private sale ahead of the demand collection that will end on March 23.

Metatime Co-Founder and CEO Yusuf Sevim said, “We are grateful to all the seed investors who supported us. Their investments will help us break new ground in blockchain technology and expand the ecosystem. We started our investment process with the first demand collection on March 3, and we are very pleased with the interest the campaign has received. We expect this process to help us achieve our goal of creating the world’s most comprehensive Web 3.0 ecosystem.”

Yıldız Tekno GSYO A.Ş., which participated in the private sale, said, “We are proud to support Metatime’s goals of introducing blockchain technology to people of all ages, and we wish the team success.”

Metatime’s first products under development include a cryptocurrency exchange and a blockchain network, which will be the foundation of the Web 3.0 ecosystem. Other products currently being developed include MetaNFT Marketplace, MetaLaunchpad, MetaExplorer, MetaWallet, MetaCoin, and MetaStablecoin.

With MetaChain supported by the Proof of Meta consensus mechanism, Web 3.0 users can participate in network verification and MTC mining. MetaExchange, built on the Metatime ecosystem, is a platform designed for users of all levels. With Lite, Pro, and Meta versions, MetaExchange will set a precedent by not assessing commissions for trades that closed at loss. Additionally, a copy trading feature allows novices to profit from emulating the experts.

As the first centralized cryptocurrency exchange to offer a completely transparent order book, MetaExchange will prove that all transactions are executed correctly and that there is no attempt at market manipulation.

About Metatime

Metatime is a complete blockchain ecosystem for giving individuals entry to web3 in all its forms. From NFTs to trading and gaming to saving, Metatime incorporates a range of powerful products that will give network users full control over their finances, identity, and assets. The MTC token plays a pivotal role in realizing these goals, rewarding MetaChain validators and creating a circular economy in which everyone prospers.

Can D5 Exchange Drive Forward Crypto Trading in the Wake of US Regulatory Crackdowns? 1536

 

The recent SEC crypto crackdown has hit many centralized exchanges (CEX). This scrutiny is drawing traders to decentralized exchanges (DEXs). However, insufficient liquidity, impermanent loss, limited trading functions, and high gas fees may make it difficult for users to migrate.

The first decentralized liquidity aggregator with order book and AMM mechanisms is Gridex Protocol-based D5 Exchange, that solves DEX issues by offering CEX-like trading.

The rise of the DEX

In November 2022, the FTX collapse massively damaged the credibility of CEXs. The same month, Block reported that trading volume for DEX’s increased 93s% to $65 billion.

Emerging DEX projects with strong technological innovation will have higher growth potential than the older players in the next bull market (such as Uniswap and SUSHI). One notable newcomer is the D5 Exchange.

Three-Pronged Approach: Liquidity Aggregation, Hybrid Trading Model, Ultimate User Experience

So, despite their loss of credibility, why can’t DEXs beat CEXs? Lack of liquidity, gas fees, and impermanent loss are some issues affecting DEXs. D5 Exchange, the first aggregator to combine order book and AMM functions, aims to revolutionize on-chain crypto trading and accelerate the transition from CeFi to DeFi.

D5 Exchange Hybrid Trading Model: AMM + Order Book

Most DEX trading execution models are either order book or AMM. Both have advantages and disadvantages.

AMMs allow trading in illiquid markets. Traders can close orders without a counterparty match, saving gas and completing transactions in one trade. However, large traders may suffer from slippage, and LPs may suffer from impermanent loss, the pool lacks liquidity. AMM-based DEX products include Uniswap and Balancer.

An advantage of order books is that traders can place limit orders and wait for them to be executed at the best price. If the market is liquid, trades can be done fast and slippage-free. They are commonly used in CEXs and are therefore known among mainstream traders. A disadvantage is that they may need multiple orders to complete, meaning high gas costs. Projects such as Injective and dYdX use order books.

D5 Exchange is the first exchange to combine the advantages of both AMM and order books and is the Ethereum ecosystem’s most liquid and dynamic DEX because its automatic router can aggregate liquidity from external DEXs like Uniswap (V2+V3) and Curve to achieve internal liquidity and the best exchange rate.

GMOB+GPLM: Innovative Dual-Model Order Book Algorithm

Gridex Protocol powers D5 Exchange order books, the first Gridex-based DEX. Only Gridex has an Ethereum order book.

Gridex’s Grid Maker Order Book (GMOB) is a major improvement over centralized platforms’ Central Limit Order Book (CLOB). On-chain CLOB requires significant resources. Semi-centralized CLOB platforms like dYdX match transactions off-chain and synchronize the results on-chain to solve this problem. This approach has systemic risks and goes against DeFi.

The GLOB model uses the “Grid Price Linear Movement” (GPLM) algorithm to achieve decentralization. based on L1 transactions – a huge improvement over L2 and off-chain DEXs. Gridex Protocol’s gas level matches CFMMs, while the GPLM algorithm doesn’t affect transaction settlement efficiency or user costs. Gridex Protocol’s gas level is comparable to or lower than Uniswap’s, which uses the AMM mechanism.

GMOB and GPLM allow D5 Exchange to offer a revolutionary on-chain trading experience. With this innovation, the Gridex Protocol is poised to lead the decentralized order book market.

Maker orders are used on Gridex, allowing traders to buy and sell orders above and below the market price. Also, maker orders can be placed at the current price, and if the market price changes, they may be filled. Only when maker orders are placed at the bid/ask price may they slightly diverge from trader expectations, but the impact is negligible.

Ultimate Usability

D5 Exchange’s UX design is comparable to CEXs; smooth, but with connecting wallets letting users trade immediately, and zero transaction slippage.

The Grid mechanism of D5 Exchange divides grids into three types based on price range granularity: 0.01%, 0.05%, and 0.3%, suitable for different tokens. Stablecoin trading pairs have low volatility, so a finer grid speeds execution. To maximize transaction fee income, Maker orders for high-volatility trading pairs should use coarser grids. The market will suggest grids for orders. Cancelling orders helps reorganize liquidity and avoid short-term losses. The D5 Exchange optimizes order execution and transaction fee income.

GDX Listing

Gridex’s native currency, GDX, was formally listed on the D5 Exchange, the first on-chain trading protocol for the Ethereum ecosystem, on March 15th. According to CoinMarketCap data, the price of GDX rocketed to $1.97 at its high, an increase of over 1,000 % from its listing price of $0.16. Furthermore, according to data from Abiscan, over 10,700 wallet addresses own some GDX. To facilitate trading on D5 Exchange, Gridex has launched trading pairs such as GDX/USDT, GDX/USDC, and GDX/GMX.

With a maximum supply of 200 million, 30% of GDX is set aside for project development and promotion, core contributors, and early investors. The other 70% is set aside for community distribution, which includes airdrops, PoS incentives, and maker awards. The maker rewards campaign began on Arbitrum One on the GDX/ETH trading pair (0.05% grid) on March 15th, 2023. The total prize pool for the maker rewards campaign is 54 million GDX.

Conclusion

In conclusion, D5 Exchange’s forward-thinking approach to combining AMM and order book models will help the DEX industry grow. The D5 Exchange does not solve all DEX industry issues, so industry builders must work together. The D5 Exchange and Gridex Protocol, leaders in the DEX industry, are developing DeFi together.

Website: https://www.d5.xyz/
Discord: https://discord.com/invite/Wcx79YhSq2
Twitter: https://twitter.com/d5exchange
GDX Maker Rewards Campaign: https://rewards.gdx.org/

 

HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry 1433

HeartX, previously known as ArteX, a trailblazer in the digital art industry, has recently rebranded and unveiled a groundbreaking web3 marketplace and community that empowers artists, collectors, art consultants and art lovers to redefine the value of digital art. The HeartX platform provides a secure, immersive, and transparent space for creating, sharing, and trading digital artworks, catering to artists, collectors, and the web 3 community alike.

The sleek and user-friendly interface allows artists to upload and list their NFT-based digital art for a global audience to explore and purchase. HeartX’s unique art evaluation system engages all users by enabling them to rate by voting on digital art pieces, earning tokens as a reward, and creating an interactive and dynamic online art community. This feature fosters closer ties between creators, collectors, and art lovers and creates an interactive and dynamic online art community. HeartX’s Vote-to-Earn system allows people to show their taste and support, making it easier to join the web3 community.

The team announces the launch of HeartX’s first season, which introduces a unique set of features designed to enhance user engagement and incentivize participation. The “vote-to-earn” model allows users to earn tokens by voting for art pieces, with both the most and least favored pieces resulting in token earning. With the tokenomics model, there are two types of tokens for the platform- the governance token $HTX and the utility token $HNX that encourage users to unlock new opportunities for growth and profitability. Additionally, multiple dimension ranking systems reward users, creators, and collectors, creating a positive feedback loop that encourages ongoing participation within the ecosystem.

HeartX is excited to announce their team and partnerships as they prepare for launch in the rapidly growing web3 space. The team is composed of seasoned professionals with a diverse range of experiences and backgrounds, united by a strong passion for creating a seamless, secure, and user-friendly platform and ecosystem for users worldwide. HeartX has formed partnerships with some of the most innovative teams in the web3 space, with more to be announced.

“We believe that the value of arts can be redefined by community consensus,” said HeartX founder Anson. “We also believe that ‘art’ shouldn’t be that out of reach, which is why we are bringing people the HeartX platform.” HeartX’s vision for the future of digital art goes beyond being an online marketplace. It is a vibrant community of art lovers passionate about exploring and collecting digital artwork. The platform connects creators and collectors, offering artists a unique opportunity to showcase their digital artwork to a global audience and collectors a chance to build a reputation and find unique, innovative pieces.
The HeartX team has just released the HeartX whitepaper, outlining its vision for a decentralized future and highlighting the key features and benefits of the HeartX platform. The HeartX team invites everyone to read the whitepaper to learn more about its ambitious goals and innovative solutions. Learn more about HeartX’s whitepaper here.

The team is continuing to develop the HeartX project and looks forward to sharing updates with the community as they progress toward launch. The HeartX marketplace will be launched in both app and web version in mid-April. Join HeartX today and experience the future of digital art.

About DECENT ARTS

Decent Arts Singapore Pte. Ltd. is a Web3 professional team dedicated to art.

Decent Arts aims to connect the offline and online art worlds to broaden the boundaries of traditional art and establish a more inclusive, diverse and decentralized Web3 art ecology.

Decent Arts focuses on the physical and digital art market and has created an online art community for trading and communication. It has launched digital art collections, and incubates a richer metaverse and Web3 products to allow more people to connect, understand, and finally fall in love with art.

The team currently has 30 members who are responsible for product planning, artist cooperation, technology development, platform operations, etc. Most of the members come from successful Internet companies in diverse fields including gaming, live broadcast, social networking, e-commerce, art, blockchain, digital collections, and more.

Signum Digital Obtained the Approval-In-Principle from the SFC on the First Security Token Offering and Subscription Platform in Hong Kong 2157

Coinstreet Holdings Limited (“Coinstreet”) is a leading global professional consultancy firm and solution provider in the digital asset sector, and Somerley Capital Holdings Limited (“Somerley”, stock code: HK.8439) is a leading financial group in Hong Kong with an established track record in the corporate finance advisory space in Greater China. Signum Digital Limited, (“Signum Digital”) is the joint venture of Coinstreet and Somerley, and has received an approval-in-principle from the Securities and Futures Commission (“SFC”) for its security token offering and subscription platform. This is the first of its kind in Hong Kong.

Security tokens are a new type of blockchain-based virtual asset that may represent ownership in actual assets, such as real estate. The link to real-world assets may reduce the risk to prospective investors, assist their due diligence process and underpin the market value of the offering. Blockchain technology provides a transparent and efficient basis for digital assets to be traded in real time. Transactions are permanently and immutably recorded on blockchain, through cost efficient mechanisms and programable governance in the form of automated smart contracts. Subject to satisfying the conditions for final approval from SFC, this license will allow Signum Digital to operate a security token offering and subscription platform under the brand of “CS-Pro” (www.CSpro.io), serving professional investors and providing funding for issuers with qualified projects in Hong Kong and international markets.

Samson Lee, CEO of Signum Digital and Founder of Coinstreet commented, “In today’s financial market, SMEs face many challenges in traditional fundraising channels, and professional investors also have limited options for high quality alternative investment opportunities. Signum Digital aims to fill such a gap and we believe the CS-Pro security token offering and subscription platform can add much value to Hong Kong and international security token project issuers and professional investors.”

Martin Sabine, Chairman of Somerley, commented: “We believe there is considerable pent-up demand among professional investors to deploy a proportion of their portfolio into digital assets. The events of 2022 may have shaken their confidence in parts of the crypto world but not their belief that digital assets will play a pivotal role in the future of finance. STOs distributed by Signum Digital, backed by real assets and income streams, are in our view a medium risk way of participating in these future opportunities.”

Clara Chiu, CEO of QReg Advisory and Former Head of Fintech and Licensing Director of the SFC said, “We are proud to have advised Signum on the design of their STO platform and helped them secure the first-ever SFC licence for such a platform in Hong Kong. We are pleased to work with Signum which shares our passion for innovation and our commitment to excellence. The SFC’s license to Signum’s STO platform is truly ground-breaking, and we believe that it has the potential to revolutionize the way that businesses raise capital. We are thrilled to be a part of this exciting development in the industry!”

Combining Coinstreet’s security digitization and asset tokenization expertise with Somerley’s grounding in best practice for conventional corporate finance, Signum Digital will offer professional investors fully compliant asset tokenization offering and distribution model which may cover a wide array of asset types and classes ranging from private equities, debts, income bearing notes, real estate, investment funds, commodities, and fixed assets, capital equipment, to carbon credits, arts & collectibles and other alternative investment assets.

About Signum Digital

Signum Digital Limited is a joint venture company between Coinstreet and Somerley for the provision of brokerage and distribution services to professional investors through STOs, through a platform operated under the brand of “CS-Pro.” For more information, please visit https://signumdigital.hk/

About Coinstreet

Founded in 2017, Coinstreet is an award-winning professional advisory and consulting firm in the Digital Asset sector. Coinstreet also offers innovative Fintech services, as well as business and operation solutions, covering four key business segments including: (1) TOKENIZATION BUSINESS – Digitized Securities & Security Tokens (STO); (2) ASSET MANAGEMENT – Custodian, DeFi, Investment Funds; (3) WEB3, METAVERSE & UTILITY TOKENS – NFT, Stablecoin, Loyalty Tokens; and (4) ACCELERATOR – Education, PR, Events, Marketing, Consultation. Coinstreet is a co-organizer of the TADS Awards (https://tadsawards.org/) – the world’s first international award for Tokenized Assets and Digitized Securities sector, and is a co-organizer of the Digital Asset Series / DAS (https://digitalassetseries.org/) – a series of seminars that aim to provide free education for the general public about the ever-growing landscape of digital assets and facilitate mass adoption. For more information, please visit https://coinstreet.partners/.

About Somerley

Somerley Capital Holdings Limited is a public company listed in Hong Kong (stock code: 8439). The Somerley Group includes subsidiaries licensed to conduct Type 1 (dealing in securities), Type 4 (advising on securities), Type 6 (advising on corporate finance) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The Somerley Group is principally engaged in providing corporate finance advisory and fund-raising services through its subsidiaries based in Hong Kong and Beijing. For more information, please visit https://www.somerleycapital.com/en/.

ATENEO AND NCHAIN SIGN MOU FOR BLOCKCHAIN RESEARCH AND EDUCATION 2314

Global blockchain leader nChain and Ateneo De Manila University signed a memorandum of understanding (MOU) to promote and foster blockchain education within the University and define a framework for the future of the Philippines.

This collaboration will be led by the University’s research group, The Ateneo Blockchain Laboratory. It is set to provide an additional blockchain leadership unit to the University’s course offering in the second semester of 2023. In addition, nChain will support PhD students with access to patented IP and several grants to further blockchain research in the Philippines.

The Ateneo Blockchain Laboratory aims to conduct applied research and development projects focused on the practical applications of blockchain technologies. Ateneo and nChain share a common vision and goal – to advance fintech and blockchain technology while achieving their social impact goals.

Christian Pulmano, head for the Ateneo Blockchain Laboratory, shared, “Our collaboration with nChain aims to expand the University’s blockchain programs through education, capacity-building, and research initiatives. Blockchain technology can potentially solve many of our society’s problems. As a research institution, we want to explore the potential of blockchain for the ultimate goal of nation-building.”

nChain partners with educational institutions and world-class universities across the globe. It supports and promotes interdisciplinary research and education, as well as a wide range of academic programmes in information and communications technology, cryptology, economic theory, and data science. nChain provides policy recommendations and empirical evidence on blockchain uses and technology’s social and economic benefits.

Stefan Matthews, nChain Group Chairman, cited: “Our partnership with the University is the first of a series of educational and training initiatives being rolled out to support the broader government objective to enable blockchain adoption in the Philippines. Concurrently, we deliver seminars on leadership and advanced technical topics for business and government. We aim to highlight blockchain and transition from the Philippines to web 3 to the world.”

nChain is committed to advancing the global adoption of the BSV Blockchain, the largest public blockchain that has restored the original Bitcoin protocol and unlocked the ability to scale. This means that it can increase its block sizes and transaction capacity as needed while lowering fees to tiny fractions of a cent. This aligns with governments and institutions that process a high number of transactions on a daily basis.

About nChain

nChain is a leading provider of global blockchain technology, IP licensing and consulting services. The company serves clients globally to power several industries, including gaming, supply chain, and finance. nChain offers Web3 solutions in the digital payment space, along with professional services that assist enterprises of all types to benefit from blockchain technology. nChain currently has almost 2,800 registered active and pending patents and is the developer behind the Bitcoin SV Node software, Teranode, Kensei, and more.

www.nchain.com

About Ateneo De Manila University

Ateneo de Manila University is one of the world’s most exciting communities of leaders and scholars. More than 160 years after the Jesuits returned to the Philippines in 1859, Ateneo has grown into a major Jesuit university whose schools include a college, graduate school, four professional schools, three basic education departments, and an array of research and development centers.

The motto of the Ateneo de Manila University is Lux-in-Domino, “Light in the Lord.” These words from the letter of St. Paul to the Ephesians call us to “live as children of light, for light produces every kind of goodness, righteousness, and truth.” The Ateneo de Manila is more than an institution of higher learning. The Ateneo commitment is to become light in the world, seeking the truth to illuminate and to serve. This spirit lives in every aspect of our work as a Jesuit and Philippine university.

www.ateneo.edu

Gridex: An on-chain order book protocol, the catalyst for DeFi mass adoption 2700

With the increasing popularity of decentralized finance (DeFi), the demand for decentralized exchanges (DEXs) with a better user experience and lower costs has become one of the primary goals of many blockchain projects. Gridex Protocol has taken a step forward in addressing this need by launching an on-chain order book trading protocol that offers robust decentralized attributes.

A new type of trading protocol using a dual algorithm framework

The Gridex Protocol team has introduced a new type of DEX using their dual algorithm framework, providing a solution to the shortcomings of existing automated market maker models used by mainstream DEXs. The team designed the GMOB model and GPLM algorithm to solve the problems of impermanent loss and high slippage issues preventing users from entering DeFi.

Centralized exchanges (CEXs) usually use a CLOB model for the matching engine algorithms. However, the CLOB model requires significant resources, making it impossible for them to be deployed and run on blockchain networks. The GMOB model improves the resource consumption problem caused by CLOB, allowing order books to be on-chain.

GMOB limits maker orders to an extremely narrow price range based on percentage limits, adding them to the system order book instead of executing them immediately. This feature increases liquidity in the entire system, like a CEX. Gridex Protocol drives incentives by providing makers with negative transaction fees.

The GPLM algorithm mainly handles transaction execution and settlement, measuring linear proportional relationships between changes in token prices caused by takers within a specific price range and token purchase quantities. Even if all transactions are on-chain, the gas consumption for the Gridex Protocol remains the same as a constant function market maker without imposing a higher cost burden on users.

Gridex Protocol provides clear advantages for users

Gridex Protocol is taking the user experience to the next level with its innovative technology. In the early stages of DEX development, the focus was on decentralization and transparency, but as the market evolved, improving user experience became a top priority.

Gridex Protocol offers a smoother trading experience and lower costs than its competitors. Tests have shown that trading with Gridex Protocol costs the same as Uniswap v3, at around 120,000 gas. However, completing orders with the “collect maker order” feature can save users up to 60% of gas fees compared with adding or removing liquidity with Uniswap v3. This innovative feature means users can save up to 40% on transaction costs by switching from Uniswap v3 to the Gridex Protocol.

The Gridex Protocol order system provides users with three granular options to balance transaction efficiency and fee income: 0.01%, 0.05% and 0.3%. For stablecoin pairs and other trading pairs where quick execution is essential, users can choose finer granular modes. Coarser granular options are also available for high-volatility tokens to obtain increased transaction rewards.

Gridex Protocol‘s native token GDX will list on D5 Exchange on March 15

Gridex Protocol has announced that it will list GDX — its native token — on D5 Exchange on March 15. According to the team, a total number of 200 million GDX tokens will be issued, of which 70% will be distributed to the community for proof-of-stake (PoS) rewards, maker rewards and airdrop rewards. The remaining 30% will be used to reward core contributors and early investors, and for project development and marketing.

According to the development roadmap, the Gridex Protocol team expects to launch a PoS mainnet in the second quarter of 2024, supporting mainstream layer 1s and layer 2s, establishing cross-chain order books, with D5 Exchange becoming the DEX that aggregates liquidity from the entire network.