On the evening of March 16, the Arbitrum Foundation announced the release of its governance token ARB, opened airdrop inquiries, and officially announced its token economic model. The total number of airdropped tokens reached 1.162 billion, and the number of addresses eligible for Arbitrum airdrops totaled 625,143, accounting for about 23.5% of the total number of addresses on the chain (2.66 million). The news once again detonated the major communities. This means that more than 600,000 wallets can receive Tokens, and the largest receiving address can get 10,250 tokens. However, due to various reasons such as poor information and time difference, most people missed this epic airdrop. It is often said that one day in the currency circle is one year in the world. The ARB airdrop has become a thing of the past, and it is not a wise choice to stick to it. The currency circle will never lack opportunities, it just depends on whether you can seize it. If you want to find the next opportunity, you might as well change the direction. Here I will introduce a track with potential in the future – Ordinals.
First of all, Ordinals is not a project and has no tokens. It is an NFT trading platform similar to Opensea’s BTC
But it is not called NFT on ordinals, but inscriptions.
Ordinals and NFT do have certain similarities, and their origin process is also inextricably linked with NFT. NFT is a non-fungible token (Non-Fungible Token), which is different from Bitcoin (Bitcoin) as a typical homogeneous currency token (FT). Each NFT is unique and different from any other NFT. However, due to the particularity of the Bitcoin network, its design does not allow NFTs to appear. Therefore, Ordinals proposed a new way of handling these BTC tokens.
Bitcoin has a total of 2,100,000 billion each of which is Satoshi. So the total number of Bitcoins is 2,100 billion Satoshi. Ordinals will sequentially number these Satoshi, enter arbitrary information on the Bitcoin blockchain, such as a string of text or images (“inscription”, also known as an inscription), and link the uploaded inscription to a specific satoshi (” ordinal”). This practice is called inscribe, which is similar to the minting of Ethereum NFTs. The final product is a satoshi with an inscription, otherwise known as a Bitcoin NFT.
The Bitcoin Ordinals project is expected to drive cultural change in the Bitcoin ecosystem as well as technical improvements in NFTs. Casey Rodarmor, the creator of Ordinals, said that through this protocol, any content can be inscribed, such as text, JPEG images, PDF, video or audio format content and even applications, and transmitted through the Bitcoin network. Obviously, this is likely to help break the monopoly of the Bitcoin ecosystem. Previously, many believed that the Bitcoin ecosystem could only focus on security. The launch of Ordinals has made more people see hope, and Ordinals will inject more vitality into the blockchain ecology. In addition, Ordinals ensures that “NFT” data is all on the chain, changing the current status of many NFT project data being generated off-chain.
Yuga lab released 288 TwelvFold on ordinals, and finally raised 730 BTC. Including the early series of inscriptions on the platform, they were all swept away in large numbers.
The total market value of cryptocurrencies has just exceeded 1 trillion US dollars, and Bitcoin accounts for 0.42, which is still in an absolute dominant position. Statistics also show that the market is still swinging around BTC as the core. The market capitalization of Bitcoin is 2.3 times that of Ethereum. Compared with Ethereum, its influence is far more than 2 or 3 times. Therefore, relevant research believes that the market value of Ordinals will be at least as large as Ethereum NFT. Ethereum NFTs have proven their product-market fit and become a multi-billion dollar industry. Even if Ordinals achieves only half of what Ethereum NFTs achieve, it will reach the same market cap as Ethereum NFTs.
Ordinals gives BTC imagination space, gives BTC consumption scenarios, increases the fun of BTC, greatly increases the number of BTC FullNodes, thereby increasing network security, and increasing the incentives of miners. So we see: Ordinals has swept the entire network at an unprecedented speed since its release in early January this year. As of March, the total number of inscriptions is close to 350,000, and the total growth curve has grown at an angle of more than 45.
From doubt to doubt, more and more people began to devote themselves to Ordinals. Quietly, I think the era of Ordinals has arrived. As long as you find the right direction, success or failure is only a matter of strength. If you seize the opportunity, you will not be too far away from getting rich.
Capverse is a strategy game set in an interstellar civilization background, developed by three Hong Kong listed companies in collaboration with Wemade Entertainment Co., Ltd, a gaming giant, providing technical support. Currently, Capverse has partnered with Hong Kong’s top boy band, MIRROR. In the future, more strategic resources will be added to empower Capverse.
A strong financial background with abundant resources can guarantee the sustainability and legitimacy of the project under the framework established by the Hong Kong Government. Moreover, Capverse can benefit from all the policies intended to facilitate the development of virtual asset industry implemented by the Hong Kong Government in the future.
Capverse will begin its closed beta from 21st March with 10,000 players only. Each newly registered player will receive a total of 1,000 SUM (a functional token in the game) and can earn up to 75,000 SUM through the”Invite to Earn” program.
In Capverse, players can create a team with their characters based on their unique skill sets to battle and complete specific tasks for rewards. Players can also use their characters to summon a new one. A rare and valuable character with outstanding abilities can be summoned by chance.
Thanks to blockchain technology, all game resources in Capverse, such as characters or tokens, are all virtual assets truly owned by the players. Not only players can experience Capverse with all these resources, they can also resell them on the secondary markets. Additionally, Capverse has developed a new social sharing and earning system that allows players to earn money by inviting friends to participate in this innovative blockchain gaming experience. Whenever the invitee consume in Capverse, the inviter will be rewarded accordingly. The more invitation a player have made, the greater the reward would be.
On the planet Bidi, there live an active and sentient capsule-like creature called Sumer, as well as another aggressive species called the Viruser.
Virusers continually expand their own population by invading other races, injecting virus into others, which then causes the infected creatures to slowly transform into Viruser. Sumer begins their battle with the Viruser in order to stop them and so is your journey in Capverse……
Capverse provides diverse earning streams to ensure every player can achieve profitability easily. Players can earn rewards by completing tasks, winning battles, or competing with other players in the Arena for a higher ranking and greater rewards. Players can also summon rare characters by chance and sell them on the secondary markets for more profits.
As Capverse develops, it will evolve into a Decentralized Autonomous Organization that will be managed by the community. Holders of $CAP will be able to participate in voting on issues related to the project’s ecosystem governance in the future, along with other decision-making for the game development. It will also cooperate with the traditional gaming industry to improve the quality of the blockchain gaming industry..
For a long time, the crypto industry has been searching for and thinking about what a decentralized financial world would look like, and as the massive innovation movement sparked by DeFi spread, many realized that the fundamental point was to create a new financial system to replace the old one. At the same time, the market has reached this understanding of the nature of finance as decentralized.
In the days before DeFi took off, spot and index trading dominated the blockchain space, with people holding a variety of debits, contracts, leverage, and futures for more derivative value. However, these trading methods have gradually revealed their inherent drawbacks after an explosive growth.
Centralized trading faces serious difficulties with manipulation
During the boom in spot and index trading, fancy trading platforms in cahoots with head investors exacerbated the manipulation situation, causing a large number of users to lose confidence in the maliciously manipulated market. Moreover, centralized exchanges often engaged in malicious behavior such as pinning and net pulling, resulting in serious losses for users.
Singapore DeFi Lab Plus International Decentralized Lending Platform
With the decentralized smart contract technology, DeFi Lab Plus on-chain lending platform cuts DeFi application to investors from another perspective, from the FTX thunderstorm, the centralized trading platform is no longer able to safely keep the assets of users, standing in the position of the massive middle-class investors and the bottom investors with limited capital, building a threshold-free investment tool through DeFi application –The DeFi Lab Plus on-chain lending platform will be the infrastructure for a new generation of decentralized finance with high added value. The DeFi Lab Plus on-chain lending platform will be the infrastructure for a new generation of decentralized finance with high added value, and its birth brings light to hundreds of millions of ordinary investors around the world.
Addressing blockchain and traditional lending – DeFi Lab Plus on-chain lending platform is dedicated to reconfiguring the financial system
The entire financial system is like a large, complex and overloaded machine that continues to process the financial exchanges of the entire human society day after day; it is imperfect from the beginning, and subsequent adjustments and updates are stitched on top of the old system, so its underlying system is almost impossible to change, which limits the upper limit of the entire financial system.
In order to make a more complete change, DeFi Lab Plus on-chain lending platform envisions to build a digital finance Lego puzzle, from on-chain lending as the core ecology, thus deriving pledge mining, liquidity mining, GameFi, meta-universe and other systems into different blocks to assemble, and each part of the blocks can be upgraded and adjusted individually.
Users enter the decentralized finance space at the lowest possible cost
In fact, both traditional finance and decentralized finance generally have high entry barriers for users, and many users are afraid to participate in them without professional knowledge and trading experience.
Secondly, the integrated income, from the traditional finance alone, many investments are monolithic models, of course there are some portfolio investments that can bring more investment income for users, but their management fees are very high and the redemption time is also very long, unlike DeFi Lab Plus on-chain lending platform which can basically get in and out as you go, and get solid income every day, plus DeFi Lab Plus on-chain lending platform comes with a profit compounding and rolling mechanism. It can better provide users with the space to add value to their income.
Finally, the DeFi Lab Plus on-chain lending platform will also be dedicated to opening up a new digital financial ecology. It will serve financial inclusion with standardized asset agreements, high value-added derivatives, and high-yield machine gun pool aggregation ecology, and become a golden building block of the future decentralized financial DeFi track.
Kucoin Pro is a comprehensive financial transaction service platform for cryptocurrency. It provides users around the world with transaction derivatives and other financial products of various cryptodigital assets such as Bitcoin and Ethereum. It is also an IPO in the international primary market. Web3 applications provide a secure and programmable smart contract platform.
Kucoin Pro, registered in Seychelles, has received the support of local government policies, technology, funds, parks and other aspects. It has obtained the backing of 20 million US dollars from IDF capital and Jingwei Venture Capital for risk trading, ensuring the stable development of the exchange in the financial market, and ensuring the security and stability of the funds invested by users. At present, Kucoin Pro has obtained the MSB financial license of the United States, US Cryptocurrency Supervisory Commission CFTC and Seychelles FSA (SDL) and other licenses
At present, Kucoin Pro has exceeded 10000+daily active users and registered more than 120000 users in only one month. Kucoin Pro also strives to be a leader in the world in terms of technology platform, product branch line, safety risk control system, operation and customer service system.
Kucoin Pro will always put the interests of users first and is committed to providing a safe, fair, open and efficient blockchain digital asset trading environment. At the same time, take the blockchain as the core to establish a comprehensive blockchain digital asset trading ecosystem.
Kucoin Pro’s mission is to promote the free flow of digital value around the world
The ecosystem of Kucoin Pro is to create a new digital asset crypto trading system
The purpose of Kucoin Pro is to help users manage and invest in encrypted digital assets easily and quickly
At present, the crypto industry is evolving at an unprecedented speed. From NFT, Eth4, DeFi, metaverse, DEX, Axie, GameFi, Layer2, DAO, metaverse, AI, each word represents the microcosm of the surging industry, and also shows the extreme innovation vitality of this industry.
With the rapid development of AIGC, AI technologies such as generation algorithm, pre-training model and multi-mode continue to innovate at the technical level, laying the foundation for Web3 application. As the infrastructure of the era of generative AI, what opportunities and changes will AI Economy bring to the industry? And how to help enterprises and users better improve efficiency, achieve business goals?
The AI economy accumulates steadily, and the ecology generates strength
AIGC is widely regarded as a new way of content creation after PGC and UGC, and its current popularity is widely seen around the world. The rapid development of AI applications will increase the need for one-stop services to provide computing power, data and model training or fine-tuning and deployment, which is the core of the AI Economy infrastructure service platform.
AI Economy is the new infrastructure of the Web3.0 era. With artificial intelligence technology as the core, it realizes the upgrading, transformation and innovation of traditional industries by means of digitalization, intelligence and information technology. The AI Economy platform ecology is divided into the following five aspects.
Metaverse industry
The omni-directional immersive metaverse mall breaks through the division between real life and online mall, enabling users to realize immersive shopping, participate in the creation and maintenance of the metauniverse Mall, and jointly obtain the benefits of the mall.
Web3 platform
Based on a decentralized system, the platform will completely circumvent the problem of institutional monopoly.The decentralized economic environment and the advantage of data link make the black box operation and other unfair market conditions impossible to exist and provide a fair and transparent trading environment. AI Economy will comprehensively solve the monopoly and market problems of traditional economy.
AEC communication system
AEC is an original mobile communication layer framework, lightweight and highly refined. It also supports the same kind of open source framework instant messaging App of UDP+TCP+WebSocket. It supports the online use of iOS, Android, Java and H5. AEC provides capability support for social communication applications. It can realize various chat modes such as single chat and group chat, and support various message types such as text, picture, voice and short video, effectively improving user engagement and activity.
Quantum Cloud
Quantum CIoud provides computing power resources for platform users to participate in infrastructure construction. Users can purchase computing power resources and obtain corresponding benefits. Users’ earnings are released in the form of AECs issued by the Platform, which can be exchanged and withdrawn in real time through the real-time exchange service provided by the Platform. At the same time, it will introduce a variety of combination ways for users to quickly obtain the token, give high energy users a variety of capabilities, and encourage users to continue to obtain the token.
DAO
The composition of community DAOs is completely autonomous by the token participants who hold community DAOs. The tokens holding community DAOs have voting rights and development rights. For all community resources are the source of community power and the foundation of their influence on community construction.
In the age of “digital AI”, the AI Economy will becomea a new Metaverse tool. Just like the transition from PC to mobile Internet, the development of digital Economy of AI Economy in the future will change the organizational structure form and management mode, and reconstruct the static, linear and clear boundary organizational form of the industrial age.
Core technologies of AI Economy
In the new wave of AI technologies, AIGC will help shape a broader category of interactive marketing for the industry, bringing new social gameplay and ecological models. As the pilot of scientific and technological innovation, the research and development team of AI Economy keeps upgrading its technology. Under the rapid development of artificial intelligence deep learning, the integration of AIGC capability will create an all-round metauniverse ecology.
In terms of technology layer, AI Economy uses the underlying technology of metauniverse mall, the storage system network, multilevel link system, callable consensus algorithm, general framework of autonomous intelligent contract engine, open different intelligent contract execution engines, and enable various content-related industries through computing storage system, Web3.0 and edge memory. It creates more possibilities.
Secondly, AI Economy adopts the open Avatar module technology, uses AI analysis and reconstruction, takes the space unit as the pre-processing material, and pre-transmits the basic vision of what each Avatar sees and interacts with in the whole space unit to the edge, and then preloads according to the movement prediction of Avatar in the meta-universe. Improved loading speed.
Compiler provides functions related to smart contract compilation, Interpreter and Executor provide functions related to smart contract interpretation and execution, State component gives smart contract functions related to operating blockchain ledger, and Guard module provides mechanisms related to smart contract security.Will accelerate the commercial landing of AIGC related downstream scenarios.
In application scenarios, AI Economy is capable of providing AI immersive experience with truly multiple scenarios, which will become the core technology enabling it to base itself on the meta-universe and open its own ecology. The AI Economy gives people a whole new digital world. In dealing with the new ecological environment, the limitations and defects of the real world will be controlled and controlled in advance. AI Economy will measure a large number of role boundaries and tasks under the economic form, providing everyone with relatively perfect demand satisfaction in the digital system.
AI Economy is reshaping the Internet business model and creating new breakthroughs in the digital economy. After years of technological iteration and optimization, AI Economy, combined with practical experience in metaverse and AI application, can provide users with a variety of metaverse products and comprehensively reduce the cost of AI application. The AI Economy’s early investments in artificial intelligence are expected to pay off handily, potentially revolutionizing the industry with the addition of core technologies.
summarize
Each wave of technology, while innovating productivity, will also lead to changes in production relations. AI Economy will build an infrastructure base in the AIGC era and become a new gateway in the Web3.0 era by combining the technological advantages of industrial intelligence, blockchain and DAO with the full ecological model of the metaverse.
The AI of the future is supposed to be an orderly and nice world that complements the real world. Today, such a perfect world is opening its doors, and AI Economy leads a group of people who yearn for the good and dare to explore to strive to reach it.
Since the birth of Bitcoin in 2008, the entire cryptocurrency market has moved from niche to mainstream, and has become a new force that cannot be ignored in the global technology and financial markets. But it is undeniable that the current crypto market and web3 industry are still in their early stages. For example, due to the use threshold of the crypto wallet itself, Web3 wallet users have never been able to break through the order of magnitude of Metamask’s 30M monthly active addresses.
But time will tell, and the rapid development of the crypto industry and growing demand from consumers and businesses has prompted leading payments and e-commerce companies including Mastercard, Visa, and Shopify to start adopting it. In Latin America, Africa, Southeast Asia and other regions, the adoption rate of cryptos has grown significantly in the past two years. This has a great relationship with the growth of the crypto payment track. With its advantages of fast value circulation, no intermediary, and low handling fee rate, crypto payment has become an important way of payment and consumption in many countries and regions. Exchanges, public chains, etc. have also incubated or supported many related products. For example, the co-branded bank card launched by Binance and the embedded crypto payment tool. The related projects and tokens of this track have also received great attention from the market.
Crypto payment products that can allow more users to enter the web3 ecosystem with a low threshold, or bring more application scenarios for cryptocurrencies, are expected to become the drivers of a new round of growth in the entire market. AllPay, which has two hotspots of low-threshold wallet integration and crypto payment, has created a powerful and easy-to-use product from the perspective of introducing more users and more usage scenarios.
Allpay: the most user-friendly web3 wallet
Allpay is a very user-friendly wallet product, compatible with multiple blockchains and their DAPP ecosystems, and has the ability to exchange fiat currencies and cryptocurrencies. Users can register with a mobile phone number or email and get a secure Web3 wallet address.
Experienced crypto users can experience aggregated crypto payment tools through Allpay, directly exchange fiat currency for cryptocurrencies under legal and compliant conditions, and can also use cryptocurrencies for shopping to meet the payment needs of different scenarios. For traditional users, Allpay provides a low-threshold wallet compatible with the mainstream ecology of web3, allowing users to easily enter the web3 ecology.
At the same time, Allpay encapsulates the service as an API, which allows other products to conveniently integrate wallet entry and legal currency exchange services, aiming to create an encrypted channel with global influence. It will also provide settlement solutions for traditional banks, enterprises, and payment institutions.
Through the combination of this set of functions, it is hoped that more than 100 million Internet users can be brought into web3.
AllPay’s competitive advantage
Compliant fiat currency exchange and crypto payment business
AllPay allows users to purchase cryptocurrencies directly through credit/debit cards with fiat currency, and manages multi-chain digital assets in one stop, including balance management, sending and receiving currencies, and other functions.
Allpay holds licenses in key regions such as Brazil, the United Kingdom, and Singapore, and is fully legal and compliant. Currently, Allpay can be used in more than 100 countries/regions, and supports more than 30 legal currencies and more than 70 payment methods.
Allpay will also cooperate to launch the Allpay visa card, which can be used to directly deposit cryptocurrencies and withdraw fiat cash with debit cards. Allpay also supports the direct purchase of tickets, luxury goods, etc. with stablecoins. It directly opened up the interaction scene between cryptocurrency and the real world.
2. User-friendly low-threshold wallet
Allpay has created the MPC wallet through a variety of algorithms, providing a secure, easy-to-use and credible key management system, which has nothing to do with the public chain, is non-custodial, and has strong anti-fragility. Therefore, all users can directly register the decentralized wallet address through the mobile phone number and email address, and manage the private key, which greatly reduces the entry threshold of web3.
3. Support multi-chain DAPP ecology
Allpay supports multiple chains, users can easily obtain the entrance of each public chain ecology, and at the same time access the Dapp ecology on the chain, and enter the popular application in the market with one click. Through Allpay, all users can directly access the wonderful web3 ecology. In the later stage, AI, social, game and other products will be incubated to give full play to the network effect of wallet products.
4. The payment protocol API is open, which can help many products access crypto payment functions
Allpay provides payment protocol API access, developers can realize wallet authorization, exchange, transfer, contract signature and receive relevant feedback, aggregate liquidity and payment gateway. It can help developers and other products to call crypto payment functions. This in turn allows more customers to purchase cryptocurrencies using their credit cards and locally authorized wallets.
AllPay has been operating globally after being acquired by German Startups Group VC, an established venture capital institution in Germany that has continued to support the development of technology startups for many years. At this stage, Allpay is led by a senior executive team with rich experience in the fields of cryptos, technology and finance after completing the development of various functions and the landing of global multi-country licenses. It will soon enter a stage of rapid business growth and expansion. At the same time, Allpay’s token APC has also been issued, which can be used to serve as the service fee charged by the platform during the exchange process between legal currency and digital currency for users, obtain more APC through pledge, and become a platform member to obtain more product rights.
By continuously increasing the types of fiat currencies and cryptocurrencies supported, and providing more landing scenarios for crypto payments, Allpay will enter more countries under the premise of legal compliance and help more users get in touch with cryptocurrencies. This will also enable Allpay to achieve great success in the subsequent stage of explosive growth in the crypto industry, which in turn will help APC capture more value.
The growth rate and commercialization capabilities of the encrypted payment track have been verified by multiple leading projects, and major encryption giants are also making deployments on this track. With the support of low-threshold wallets and a wide range of crypto payment scenarios, Allpay is expected to become a new challenger in this industry and truly drive more users into the crypto world.
With the development of block chain technology and the popularity of W eb3 application, high performance, can support more extension function of public chain competition become an inevitable trend, but in the process of development, there are still a lot of technology and ground challenge, especially in the face of high fees, across the chain, aggregation transactions, many projects and platform does not solve the real demands of developers and users.
So far, with the continuous explosion of emerging tracks such as Web3, DeFi, NFT and GameFi, aiming to become the BFChain of Web3 converged application ecology, it has attracted much attention for its high performance, innovative consensus algorithm RBFT and cross-chain sharding technology. Under the new trend, BFChain, as the entrance of Web2 to Web3 ecosystem, what innovative changes will it bring to the blockchain ecosystem?
BFChain Introduction
According to the official website, BFChain is an innovative Web3 public chain based on RBFT consensus. It aims to “build Web3.0 and open a new era of the whole region of blockchain scenarios for the aggregation ecosystem”. It is committed to core technologies such as cross-chain and sharding, forming diversified application ecology covering DeFi, NFT, GameFi, SocialFi, DAO, Stablecoin, so as to build the world’s most perfect Web3.0 ecology and promote the historical process of Web2.0 to Web3.0.
Simply put, BFChain intends to build an aggregated application ecosystem that allows individuals to use BFChain’s features as quickly and easily as the Internet today. In order to build a public chain that meets the large scale of commercial use, BFchain is committed to breaking through the “impossible triangle” technical barriers of the public chain and building an underlying infrastructure suitable for commercial use. Its solution is to adopt RBFT, cross-chain and fragmentation technology. Based on these technical advantages, the current laboratory performance of BFChain can reach 5000 + TPS.
BFChain Technical scheme
The RBFT consensus mechanism
BFChain The public chain technology adopts a random BFT consensus algorithm with its own intellectual property rights. In PBFT, there is a concept called view. In a view, a node (replica) is the main node (primary), and the other nodes are called backup nodes (backups). The master node is responsible for ordering the requests from the client and sending them to the backup nodes. This master node of PBFT has more rights than other nodes, and if it fails, it will cause a large delay in the system. In RBFT, this point is improved, referring to the election mechanism in RAFT, using the voting method, without having to seize the right of accounting, to ensure the fairness of the rights and interests of each node.
Compared with PBFT, RBFT has been optimized and improved in consensus message processing, node state recovery, cluster dynamic maintenance and other aspects, which also enables the BFChain built based on RBFT consensus algorithm to cope with more complex and diverse practical scenarios.
Fragment technology
BFChain How to improve the performance through the sharding technology? On this point, in order to let you better understand the sharding technology, xiaobian will give you a simple example. Assuming there are 10,000 nodes, if the consensus is very slow to reach among the 10,000 nodes, you can now divide the 10,000 nodes into 100 groups, first reach a consensus in 100 nodes in a group, generate blocks, and then synchronize the consensus to other groups through asynchronous means. As a result, the consensus that needed to be reached between 10,000 nodes is now only a consensus between 100 nodes, with the generation of blocks greatly faster, and TPS thus significantly increasing.
Cross-chain technology
For blockchain projects, BFChain’s cross-chain solution solves the problem that different standards between different public chains cannot be exchanged, and realizes interoperability between public chains. For example, DApp applications on EOS Network can be deployed on Ethereum through BFChain’s cross-chain technology, and DApp applications on other public chains can also be implemented.
For users, BFChain connects different blockchains across chains, facilitating users to interact with cross-chain applications. For example, in terms of cross-chain transfer, users can directly realize the exchange of two token through BFChain without exchange; in terms of cross-chain payment, users can use one chain token to exchange services or products on another chain; in terms of supporting Dapp with multiple payment types, Dapp on different chains can be more flexible in the payment process and stimulate users to use. BFChain The implementation of cross-chain based interoperability also promotes the realization of more application scenarios of blockchain, which is more conducive to the actual landing of blockchain.
The token economy of the BFC
1) Application scenarios
BFC is the only circulation token of the whole ecology of BFChain, carrying the core value of BFChain ecosystem.
BFC has a total of 1.3 billion yuan, which will never be issued and regularly publicly destroyed. The token contract code has passed the review of the well-known audit company Certik. BFC is not only used to pay the transaction fees and calculation service fees on the BFChain, but also can be used for the digital asset transaction fees, voting coin, ecological side chain payment and other functions of the public chain Swap trading platform. Official information shows that with the vigorous development of BFChain application ecology, BFC will be upgraded to an equity token in the future, which can be used in more ecological scenarios, such as voting governance in DAO community, and obtaining corresponding equity incentives.
As can be seen from the official news, BFC token application scenarios (including subsequent launch) include: full game scene circulation of the platform, transaction fees, on-chain governance, verifier incentive, cross-chain mining, liquidity mining, ecological circulation of supply chain finance, asset digitalization, etc.
2) Destruction of tokens
At present, BFC regularly implements the monthly destruction mechanism. As of March 2,2023, BFC has conducted 11 rounds of monthly destruction, and the latest round of destruction (round 11) has destroyed a total of 3,256,767 BFC. The token destruction mechanism will reduce the market circulation of BFC, thus promoting the value appreciation of tokens. It is worth mentioning that the increase or decrease of the number of token destruction reflects the ecological development status to a certain extent.
In small make up point of view, given the importance of public chain as infrastructure, and the existing defects, small make up think BFChain is committed to solve these problems, such project is certain value, but considering the future landing, industry competition, team, technical difficulty, etc., I think BFChain still has a long way to go. In general, the project can be focused, focusing on its technological implementation, development planning and ecological implementation.
ALLPAY is a multi-chain compatible web3 payment scenario solution, aiming to help users enter the Web3 world for the first time by establishing a traditional user-friendly wallet generation method and payment channel. In terms of the current acceptance of cryptocurrencies, easy access to cryptocurrencies and consumer payments have become an irreversible trend. When you open the coinmap cryptocurrency map, the orange part represents merchants that accept cryptocurrency payments worldwide, and ALLPAY’s mission is to expand more cryptocurrency-friendly merchants to serve users with crypto assets worldwide.
The chart shows that Europe, North America and Japan and South Korea are more inclusive of cryptocurrency transactions, with Germany, Japan and South Korea in particular being the most prominent. For example, Germany recognized Bitcoin as legal private property back in 2013, and residents in Germany can use Bitcoin to pay for electricity, gas, and other living expenses, which makes it easy to live a normal life with Bitcoin. Singapore, with its extremely digital currency friendly policy, has also made digital currency friendly for basic aspects such as restaurants and taxi rides.
At this time when the bear market is about to end and the bull market is about to start, ALLPAY wallet is officially launched with user-friendly login function, flash exchange of fiat and digital currencies, convenient payment of digital currencies and other services to quickly lead more users into the Web3 world. ALLPAY also provides API/SDK access services for company users and project parties, and enterprise-level payment solutions to help platforms quickly complete the transformation. ALLPAY wallet currently supports public chains including Bitcoin, Ether, Polkadot, APTOS, BSC, Solana, etc. Users can conveniently manage digital assets on different chains on one platform to achieve a fast, secure and convenient wallet usage experience.
ALLPAY application scenarios and functions include.
1. Support users to generate decentralized wallets and manage private keys with one click through phone numbers and email addresses. This not only lowers the threshold of use but also invariably increases the overall user volume, which will certainly bring a larger financial market.
2. Credit card purchase of digital currencies: Traditional users can conveniently use credit cards to purchase digital currencies through our multi-chain wallets, without the need to understand the complex exchange operation process, simple and fast.
3. Digital asset management: Users can manage their digital assets on different chains in our wallets in a one-stop shop, including functions such as checking balances, sending and receiving digital currencies.
4. Decentralized Financial (DeFi) Applications: The wallet supports DeFi applications on multiple blockchains, allowing users to seamlessly experience different DeFi products on one platform. The technical decentralization process will make the property of the financial manager safer and allow better avoidance of technical risks.
5. Dapp: One click to access decentralized Dapp and seamlessly experience the on-chain ecology. Including but not limited to on-chain games, on-chain dating, decentralized finance, etc.
6. API/SDK service: support on/off ramp payment SDK/API embedding service. It is believed that in the near future there will be Power by ALLPAY payment figures in all corners of the network.
7. Use digital currency to buy wine, tickets, luxury goods and other services: We support USDT top-up to VISA card and MasterCard, and can directly bind PayPal, Grad and other payment tools to meet daily expenses using USDT.
Compared with the traditional crypto payment programs in the market, ALLPAY has achieved more simplicity, security and speed.
Firstly :Easier, the traditional crypto wallet has a long and complicated registration process, and the repeated verification of a large number of helper words makes the door card for new users to join greatly increased, which undoubtedly greatly limits the volume of users and makes this advanced technology exclusive to a very small number of people. This innovation not only facilitates the experience of all users, but also opens the door to web3 for the web2 world. It is foreseeable that in the near future, a large number of users will be able to join the wallet with great convenience, which will also bring a huge amount of fresh blood to the whole web3 world.
Secondly: Security, technically decentralized is the most secure storage and payment model, the entire network consists of users, no central system control, which means that no one can exceed the user’s own authority to move the user’s assets. And because it is decentralized technical support, so in terms of user security can prevent hacking, which is also the courage to launch a one-click generation of wallet this function of the bottom, so that users can do safe and convenient.
Thirdly: Faster, The problem with traditional cryptocurrency payments is that they cannot support large volume transactions on a global scale, such as Bitcoin, bustling European town fairs, you want to try exotic street food, which street vendor can wait 30 minutes to confirm the transaction? ALLPAY has partnered with Visa, MasterCard and others to bring the transaction speed down to less than 1 minute, pay with ALLPAY without consider national borders. Whether users pay with cryptocurrencies at local stores or transfer them to other countries, payments will be completed in the same time and at the same price.
We take the same track product Alchemy as an example, its platform governance Token ACH has been online on coinbase, binance, kucoin, huobi and other centralized exchanges, the highest increase of more than 8000%, and the project fever continues to soar, becoming the leading concept project in the payment segment. allPAY has a more convenient compared to alchemy ALLPAY has a more convenient way to create and login, integrated with more countries’ fiat channels, and a more complete DAPP ecosystem. At present, ALLPAY’s platform governance Token APC is about to land on a centralized exchange, and the continued price performance of APC is worth watching.
On Feb 15, 2023, For Metas hosted an in-depth AMA at the Fomoin community.
Fomoin is a digital marketing solution and one-stop incubation engine for blockchain startups.
This AMA assists Fomoin users to have a deeper understanding of the entire platform of For Metas and its future plan.
Fomoin
Today, we are honored to invite Stan [Director Marketing of FOR METAS] to do an AMA about FOR METAS. First of all, please allow me to express my warm welcome and heartfelt thanks to Stan!
Glad To See You here! Thanks for bringing us FOR METAS! I’m pretty sure that our AMA participants are very excited to learn more about FOR METAS, so let’s get started!
Here is the first question for you. Lets start with the introduction. What does For Metas do?
For Metas
FOR METAS is building an aggregated application platform that provides a seamless and engaging entertainment experience for users. Our goal is to build a one-stop hub for users to gain access to various entertainment resources including but not limited to blockchain games, live streaming, social Dapp, metaverse and AR/VR within one platform in a fast, secured, permissionless, incentivized and decentralized way.
We aim to bring together specialists from many sectors to create Web3-native entertainment ecosystem! Gaming, streaming, and virtual life to create, listen to, watch, and play many forms of entertainment with us under the core tokenomics of $4MW.
Fomoin
For metas is a Web 3 gaming dapps. What are the difference from other gaming platform?
For Metas
The content on For Metas platform is quite unique. We are the first one to integrate games, live streaming, social, Metaverse,AR/VR, and other features probably in the coming future.
Then nobody is building an aggregated web3 application like we do. If you find yourself dividing your time between your computer, your games console, your streaming application and your stereo. Then For Metas is definitely a place for you to go, all the best dapps for you to have fun let out your steam while having a chance to earn.
So coming to the earning part, most people might be interested in, you know, most gamefi projects. They have a really short life circle, and it’s more like a game of “Pass the Parcel”, needing constant inflow of users and funds to support the survival of the game. Though the traditional game with a millions downloads can suffer from this short-life problem and is kinda inevitable. In For Meta’s case, we’ll launch and incubate 10–20 games, and this means platform users can constantly have new experiences and we also solve the above problem by injecting vitality through new ones.
What is more, even For Metas game NFTs is recyclable, It allows users to use a single asset across the “borders” between multiple games. That is to say, one game asset can be used in another game, even across categories. In contrast with other NFTs that quickly lose its value after the “death”of the game, For Metas game NFTs have the potential to preserve or even appreciate in value.
Fomoin
What kinds of game is about to launch on For Metas?
For Metas
There will be 5–6 different types of games launch on For Metas every year. Among them, there is a big production like Gloryland.
Of course, there are also some simple games for daily entertainment.
Since users have different preferences for game types, we need a feasible mechanism to regulate those games that are launched on For Metas. With this in mind, we will launch related governance NFTs in the future.
Fomoin
Would you consider governance by DAO? In which way?
For Metas
We mentioned the governance of NFT in the last question. This is an important part of For Metas planning. As a Web3 based application platform, For Metas is also considering referring to some good project to design the top governance NFTs.
We hope to divide the rights and benefits of users through different NFTs. For example, users who hold platform governance rights NFT can participate in the platform’s DAO governance, vote for which games can be launched on For Metas, and enjoy platform revenue sharing and so on. For another example, users who hold the NFT of game governance rights can have the right to propose the game, and enjoy the game’s dividends, the highest level of VIP benefits in the game, and so on. Of course, all this is still in the conception stage and has not yet been implemented.
In addition, For Metas will launch a variety of mini-games one after another to meet the needs of players.
In addition, as a top priority, For Metas will launch a series of governance NFTs to lay a solid foundation for the future ecosystem.
Fomoin
That’s the wraps up of our first part of the AMA session
Thank you very much Stan [Director Marketing of FOR METAS] for the great answer.
Now moving to our Twitter Segment
1.Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Could you please tell us about the current partners, plans for partnerships and what everybody stands to gain from these partnerships?
Our team has many blockchain and game partnerships and communities in East and Southeast Asia, such as COCOS-BCX, LINK3, EthereumFair, Mail3,etc. These relationships come from our team members’ past experience and network accumulation in the industry.
We will carry out in-depth cooperation with these partners, such as holding some activities and so on. Users will benefit from these collaborations.
Fomoin
2. How this project can survive in the current crypto market competition?
Although the cryptocurrency industry is highly competitive, I have great confidence in our team. Because we have a very strong social network and resources. At the same time, we have many years of experience in this industry. We have excellent team members and partners who understand the market and the future of the industry.
What we need to do now is to lay a solid foundation to allow more web2 users to enter the world of blockchain games. When the trend comes, For Metas will naturally be the high-quality platform that attracts everyone’s attention.
Fomoin
3. Many projects start with inexperienced team members and some of them don’t go well because of mistakes. How was the experience and background of the your team effective in project success? And how are you going to instill trust in your user base, since the team is anonymous?
Behind the For Metas project is my team, our team was born with a mission to create a leading web3 application ecosystem and has many blockchain and game partnerships and communities in East and Southeast Asia, such as COCOS-BCX, LINK3, EthereumFair, Mail3 and sure, Fomoin as well. You can check in our discord channel #partnerships under LEARN FOR METAS IN MINS.
Team members of For Metas have been working in the entertainment industry for years, covering the space of games, movies, and high tech companies. For Metas has also received millions of funds in its seed round from well-known individual & institutional investors, we will disclose the detailed information at a certain stage. This investment will enable For Metas to develop and grow while adding more valuable changes to the entertainment industry across a longer time expectancy.
Our team has more than 6 years of operating experience in the encryption industry, so we have a lot of resources in the industry. Also because we have experienced bull markets and bear markets many times, we know very well what the market is like and what kind of things should be done at what stage. This is very important for a new project.
Fomoin
In which ways do you generate revenue/profit? So many projects just like to speak about the “long-term vision and mission” but what are your short terms objectives? What are you focusing right now?
Yes, many projects like to talk about the long-term future. For Metas is different. In addition to long-term and sustainable planning in the future, we also focus on the current benefits of users.
For example, what is the use of game NFT besides playing games? Holding this NFT can mine $4mw tokens every day in exchange for income.
On February 17, 2023, the 2023 Ecological Consensus Conference and Protradex platform launch conference ended successfully in Bangkok, Thailand. The conference is based on the theme of application ecology to explore the new direction of Protradex’s ecological development, explore the opportunities and challenges faced under the development of the new period, jointly promote the high -speed development of the industry, and promote the platform to better ecological implementation.
At the beginning of the meeting, the special guest Thai general Gen. Chot -nunpreecha Subhirun made a speech and shared. He said that in the current changing economic environment, the financial industry has always been one of the most vibrant and challenging areas in all walks of life. For companies that are deeply cultivated, they need to constantly face new challenges and find new opportunities to maintain the market leading position. This meeting is a platform for communication and sharing. We can discuss industry dynamics and trends through this platform, share sharing experience and insights, promote financial innovation and development, and make more outstanding industry pioneers and partners. Seek more opportunities for cooperation. With the end of the speech and warm applause, the sharing session of the conference at this launch conference also officially kicked off.
With the opening of the meeting, the meeting ushered in the theme sharing session, namely Co-Founder and Managing Partner Cloudtree Ventures-Alex, CEO DIGITECH Security Infobalt-George, Protradex Ambassador-Danrod Three Tsistra Models. Wonderful speech.
First of all, Co-Founder and Managing Partner Cloudtree Ventures-Alex shared the keynote speech “Nine Trends in the Blockchain Industry”. He mentioned that traditional Internet media and content distribution platforms, even if the content is professional, and has more editors, the commercial value does not exceed Twitter and Instgram. Also in the era of web3.0, there are more professional financial people and more profitable companies, which is not as good as a global open agreement. It uses a uniform Crypto and Token system in the world to cross the bridge of language and culture. Go to capture greater value. Obviously, web3.0 must be a bright road to the future.
Then, CEO DIGITECH SECTOR Association Infobalt-George shared the keynote speech “Web3.0: Opportunities and Challenges”. He mentioned that web3.0 will be another major transformation of human communication and entertainment methods after the mobile Internet era. As science and technology are becoming more and more mature, underlying technologies such as 5G, VR, blockchain, and digital twins provide strong support for the vigorous development of Web3. These relationships or scenarios have changed, and the business form carrying these connections will also carry out a new round of disruptive innovation. The appearance of the Web3 concept not only rewrites the traditional business model, reshapes the global digital business map, but is even expected to give birth to a new digital era.
Subsequently, the heavy link of this conference-PROTRADEX ecological launching ceremony was officially opened. With the impassioned music, the host invited six representatives of Alex, George, Danrod, Jenny, Shao Shuai, and Allen to the stage for launching ceremony. “Ten, nine, eight … three, two, one, start!”, As the big screen launch button lights up, the road of protradex ecological change is officially opened, and another financial dark horse on the chain was born.
After that, the Protradex Ambassador-Danrod brought the guest to the guests to give a speech “Protradex: A One-Stop Financial Service Platform”. From the industry background, ecology, products, business models, and innovation advantages, he introduced in detail the financial magnificent blueprint on the Protradex chain. Protradex is a one -stop financial service platform focusing on derivatives on the chain. At present, the platform provides a goal based on going to go The centralized NFT leverage mortgage agreement is different from the current NFT loan platform on the market. Protradex not only allows users to deposit NFT assets into the capital pool to obtain encrypted assets, such as USDT, but also supports users to hold encrypted assets in the agreement, borrow funds through leverage, and use these assets to purchase popular NFT in the platform when the NFT price rises. And profit.
With the end of Danrod’s keynote speech, it entered another wonderful link of this meeting-PROTRADEX overseas team connection. This overseas connection invited Protradex CMO-Victor. During the connection period, Victor mainly focused on the current development status, competitive advantages, platform highlights, market expansion, ecological landing, future development route direction, multi -dimensional and omni -aspects of the development of ProtraDex.
When the video connection came to an end, a warm applause sounded again at the scene. Driven by the host, the meeting pushed to the climax again. Wonderful content sharing and melodious music, accompanied by soft lights, under the witness of the representatives of major leaders and the guests attending the meeting, everyone took a group photo, 2023 ECOLOGAL CONSENSUS Conference Protradex Launch Meeting also ended a successful end.
