defi Archive

Is 2020 the Year TRON Smart Contracts Come of Age?

Smart Contract Oracle Solutions: the New Herald of Crypto Fundraising

With smart contracts and DeFi gaining traction in droves, and the numbers of new entrants into the ecosystem growing, the smart contract revolution appears to be kicking into gear this year. 

 

Recent fundraising successes which bucked the trend of failing token sales in recent years suggest that investors are now looking to projects that seek the remaining piece of the puzzle in functional smart contracts.

 

This week’s 6-hour sellout of the $8,000,000 Bridge Oracle IEO, TRON’s first oracle solution, serves as an example, having tackled directly the problem of injecting reliable, objective and accurate data that most smart contract implementations lack. Not to mention, the project is a TRON first, meaning the network is now empowered to take on the DeFi revolution head-first.

 

TRON is one of the largest blockchain networks that has been specifically coded for speed, reliability, and scalability. The characteristics make it an ideal blockchain for creating and executing smart contracts. With the total value of locked money in DeFi now crossing the USD 8 billion mark, the use of smart contracts is on the rise at unprecedented rates, putting emphasis on how important these digital pacts have become.

 

For TRON, this means a boom. However, like all smart contract platforms, the lack of a public oracle database made it difficult to fulfill the promise of full trustlessness, at least, before Bridge Oracle.

 

Making Data Reliable

Smart contracts are paperless agreements between different parties that are digitally locked and the coding ensures that the terms are honored. The first party that commissions the work and has to pay out, locks up the agreed amount in the smart contract. The value locked in the contract is then out of the hands of both parties, giving assurance to the receiving one that the first party now cannot back out. 

 

As per the agreement, the locked amount can be released in batches upon agreed goals completion to the second party, or completely in one move when the contract agreements have been fulfilled. The first party is also confident that unless the agreed objectives are complete, the receiving party cannot take away the funds. This makes smart contracts trustless and non-custodial in nature, giving both sides a peace of mind.

 

However, there is one shortcoming. For the locked value to be released, the smart contract needs certain inputs. The data can be entered from both parties, with one claiming an objective or target achieved and the other verifying it. What if there is a dispute or the data itself is not accurate? Pandora’s box still wasn’t quite shut.

 

Bridge: Future Solution, Now

Oracles are now hot in development, especially in 2020, with scripts feeding into transparent yet intact publicly available and reliable data to ensure that information fed into the agreements is accurate and without any tampering, giving smart contracts reliability never before seen. From their recent $8,000,000 IEO, to their incredible development plan, Bridge Oracle looks to revolutionise the execution of smart contracts across the board. Some of the features of the nascent project include:

  • Data Transparency: Oracle data that is public, ensuring that it is accurate and not manipulated.
  • Multi Sourced: Different data sets are available, giving smart contract parties the option to select a source that is most relevant to their agreements.
  • Oracle Marketplace: Organizations and firms can upload their data on the oracle and monetize it. In Bridge’s case, exchanging it for in-house BRG tokens

 

Bridge Advisor Mate Tokay is one who has publicly acknowledged the efforts to solve this long-standing smart contract problem. The Bitcoin.com co-founder said one issue was to make such a solution accessible to all businesses, removing the additional hurdle of prohibitive cost:

 

“Accessing external data for smart contracts will be made easy using the Bridge Oracle. It will help with making smart contracts used by more and more businesses.”

 

Others like TRON influencer Mike McCarthy and The Currency Analytics CEO Sydney Ifergan have also lent their advisory clout to Bridge, demonstrating that such solutions are attracting interest from a wider segment of industry players.

 

The business coverage in mainstream media like Forbes and Capital Bay News has been equally enthusiastic, with commentators agreeing that the much-needed bridge from the real world to smart contract blockchain platforms may finally be ready. And the players from multiple sectors and industries across finance, banking, insurance, health and logistics will surely be lining up to cross that bridge and use smart contracts for cost efficiency and transparency.

 

Of course, much work needs to be done still to perfect the solution for a fully trustless oracle system for smart contract use, and all eyes will be on the likes of Bridge Oracle, whose mainnet is due in the next quarter of the year. For now, volume on its native BRG token is already picking up on the open market where it is listed on bw.com and Digifinex, suggesting that retail investors as well are betting on the future of oracle-enabled smart contracts.

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In the Age of Coronavirus, the Medical Trials Market Could Offer Better Returns than DeFi

DeFi action within blockchain has been one of 2020’s most unexpected twists of fate. The start of the year brought unprecedented uncertainty, recession, and fear to markets far and wide, on a global scale. But good things come to those who wait, and Blockchain’s revival in late 2020 seems to be the silver lining all of us were praying for.

And DeFi itself feels like Blockchain’s calling – a realisation of the original mission to provide a decentralised medium of transfer, meeting with the needs of an increasingly technological and financially-savvy society. That’s why interest has boomed, and we’re seeing some truly groundbreaking returns – A quick look at top providers shows that the heralded rates of 6-7% annual returns of yesteryear are a thing of the past. 

 

With rates creeping up over 10% for “safe” investment classes, it’s not uncommon to see over 50% returns touted for less reputable asset classes and investment pools. What’s not surprising then, is that new investors and experienced alike are being drawn into malicious and bad-actor schemes. Not to mention, most DeFi projects are all but middlemen for traditional investment schemes, acting as a guarantor.

 

With the DeFi wave stabilising, and information inefficiencies ironing out, the market begins to ask – “where from here?”. It’s clear that the drawbacks of DeFi are impacting the market, and educated assessments of less-apparent opportunities are showing higher potential profits on closer inspection.

 

COVID-19: The Overlooked Opportunity

Check the news today. Did you hear a story about COVID-19? Chances are, your answer was yes. But with the hysteria over, and more rational conversations about solutions to COVID-19 beginning, we ask – Where are the opportunities? Well, it all lies in a number:

 

The cost of getting a new drug to market today, is $2,500,000,000. That’s right – Not $25 million, not even $250 million. $2.5 billion. And what’s more, up to $8,000,000 per day is lost via revenue erosion, resulting from delays of getting medicines to market. The market for medical trials and the opportunities for a smart system to reduce revenue erosion are massive.

Back to that number. 3017 is the number of clinical trials currently in process or awaiting commencement to test vaccines for COVID-19. And with government contracts awaiting worldwide for a first-out-the-door solution, the race is on. And for an industry wracked by inefficiencies like time delays, lack of collaboration between providers, the industry yearns for a solution, one which could provide extremely competitive returns even when sat next to the current industry DeFi craze.

 

CTi: The Solution to DeFi, and Capturer of the $3.5bn Market?

Luckily one startup, ClinTex, recognised the opportunity presenting itself in the clinical trials market, and decided to use blockchain and machine learning to access the untapped potential of inefficiencies in the pharmaceutical industry. 

 

ClinTex’s platform will reduce lead time for new drugs, improve cross-collaboration in the global medicines market for the betterment of humanity, vastly increase data collection and storage including immutability, and most importantly, reduce by an unfathomable amount the high cost of clinical trials in new drug development. 

 

What’s more, is that ClinTex are currently offering interested parties the opportunity to own their native token CTi through their token pre-sale at a 50% discounted rate, which will allow them access to the clinical trials ecosystem. And with such a large market to be tapped, the tokens look likely to become hot property in the wake of the COVID-19 pandemic. 

 

With all of ClinTex’s benefits, it doesn’t take a stretch of the imagination to envision how CTi could well be instrumental in bringing globally disjointed efforts together to bring forth life-saving vaccines, as well as countless other necessary medicines – Think cancer treatments, AIDS, and other “incurable” diseases. All is possible in the future of CTi.

 

To join the CTi presale today and get 50% off, visit https://www.clintex.io/presale

 

ClinTex is the sole source of this information.Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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CPI Token Storms out of the Gates with over 2,300% Price Increase in Under 1 Month, and Several New Exchange Listings This Week

Bitcoin Press Release: Crypto Price Index’s CPI tokens have now appreciated to over 20x their initial list price, having been trading on HotBit for one month, with additional listings on BitForex, Bilaxy, and DigiFinex just announced.

 

17th August 2020, St Julian’s, Malta – DeFi is a hot topic in the crypto space right now, and cryptocurrencies are finally being recognised for their true potential – As liberators of the classical financial structure. As the number of coins grows, however, so do the complexities in tracking and weighting investment decisions.

Mainstream finance takes advantage of the bells and whistles which come as standard in a mature, developed industry – And traders and enthusiasts alike are making money with greater certainty, safety, and analysis as a result. Tools like the S&P500, and the DJIA are what the crypto industry has been calling for.

Now, with CPI (Crypto Price Index) tokens, crypto enthusiasts can do just that. CPI offers users the ability to create a basket of the top 200 cryptos and track price movements. And what is immediately obvious, is that the market has taken well to CPI being released. After CPI’s recent announcement that trading on HotBit exchange would imminently commence, the price has risen a staggering 2,300%. And for a token which started at $5, that means the price is now over $115 for just one CPI.

Exchange Listings 

To aid liquidity and accelerate CPI’s adoption as one of Crypto’s hottest upcoming DeFi projects, CPI is now available on Bilaxy and Hotbit with listings coming up on BitForex and Digifinex on August 18th. With the price already approaching $120, the effect of increased accessibility and opportunity for arbitrage will only accelerate interest in CPI and drive price increase further.

 

Increased Emirati Support

After news in 2019 of UAE royal acquisition of shares in CPI, it has now been announced that Sheikh Abdullah Bin Rashed Al Sharqi has taken the role of co-founder of the project. The business acumen and wealth of Sheikh Al Sharqi will be a strong asset for Crypto Price Index in 2020 and beyond. 

 

Early Round Funding

The founders of CPI decided to avoid funding the project via crypto-traditional methods like ICO or IEO campaigns, choosing instead to secure early investment from wealthy business associates and accredited investors. Early contributors agreed to lock up their tokens for a set period of time so the project doesn’t have the typical heavy sell pressure seen by most crypto projects upon exchange listing. This, combined with increased retail demand for CPI tokens, has helped CPI quickly become one of the fastest growing tokens in the marketplace. 

“My thought is since we restricted previous token sales it will allow a smooth transition to trading in the secondary markets” said Herbert Law, CEO of CPI.

“This prevents the big sell offs commonly seen in the crypto market that are a result of poor planning,” he added.

The price increases beg the question – With the DeFi wave powering through crypto, and CPI already showing its’ potential to do for Crypto what the S&P500 has done for traditional finance, where will CPI stop? 

 

Visit the CPI website to find out more information and see which exchanges CPI is trading on: https://www.cpiindex.io/

 

Chat on Telegram: https://t.me/CPIndex

 

Keep up with the latest on Facebook: https://www.facebook.com/cryptopriceindex/

 

Catch the buzz on Twitter: https://twitter.com/Index_price

 

Check in on LinkedIn: https://www.linkedin.com/company/crypto-price-index/

 

Media Contact Details

Contact Name: Herbert Law

Contact Email: herbert@cpiindex.io 

 

CPI is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The CPI token sale is closed to participants of all countries in which token sales are illegal. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.

 

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CorionX is ‘Gas’ for Stablecoin and DeFi Adoption. IEO Second Round Starts August 18th on ProBit Exchange

 

Bitcoin Press Release: CorionX is a utility token and pioneer for the adoption, development of stablecoins, cryptocurrency education, DeFi, and CBDC’s. The CorionX (CORX) IEO second round will run with a limited amount of tokens from August 18th to September 1st, 2020. 

 

12th August 2020, SwitzerlandSwiss-based Corion Foundation launched in 2016, and focuses on bringing the cryptocurrency and stablecoin industries together with its own utility token, and education platform. Since its inception, the project has branched out into the DeFi industry and CBDC (Central Bank Digital Currencies) market, to help millions gain access to these emerging technologies. 

 

What is CorionX?

CorionX (CORX) is an ERC20 utility token for an educational platform that focuses on the adoption and education of stablecoins, CBDC’s, OpenFinance, Crypto Saving & Lending  and DeFi solutions. The project has a strong community foundation, and vision of forging a collaboration between all of these industries and building a global community to onboard mainstream users. The company is already achieving this vision through the success of the #MoneyInTheRightDirection Movement.

 

CorionX Movement and Partnerships

#MoneyInTheRightDirection is a movement that Corion started back in 2019 to develop and educate Individuals, financial providers, hedge funds, and merchants about stablecoins, cryptocurrencies, and open finance solutions. 

The movement was created to accelerate cryptocurrency and Decentralized Finance adoption on every level. From teaching the aspiring cryptocurrency enthusiast to manage a digital wallet, and invest in cryptocurrencies on their own, to guiding a large stablecoin project in finding the right influencers for its development. 

In addition to project development, educational programs, and the #MoneyInTheRightDirection movement, CorionX have also been forming strong partnerships with industry leaders to further its cause for mainstream adoption. It’s partnership with top Korean Exchange Probit gave Corion the perfect platform to launch it’s utility token IEO. 

The Swiss-based platform also forged partnerships with wallet integration XcelPay, portfolio tracker CoinMarketAlert, interoperability bridge Syscoin and San Francisco-based next gen banking platform Vesto.io

 

Key DeFi Industry Problems

Interoperability is something that has not yet been applied to the stablecoin market.There is no specific project that supports, promotes and co-operates with other stablecoins, cryptocurrencies, and DeFi projects. 

The majority of projects usually focus on their own specific coin, it’s purpose, or solution. There is only minimal collaboration within these parties, and they rarely integrate each other’s solutions. It is therefore difficult for the mainstream to enter the market and use stablecoins, manage cryptocurrency, and understand DeFi’s potential, due to a lack of education and industry collaboration.

 

The CorionX Solution

CorionX is building a global community where every member can share knowledge, use cases and information on all facets of varied digital finance. The CORX ERC20 utility token will act as an incentive for stablecoin and DeFi adoption, and fuel the movement members & other participants to share information, build the community, and use practical crypto applications. 

Everyday users have much different needs to large companies. Ordinary users will benefit greatly from the CorionX education program and practical apps, while bigger industries and companies can take advantage of the deep technical analysis, and complex strategies the company has to offer. 

All users, and holders of CORX will be an integral part of the solution, and will personally benefit from their involvement. A few of the the additional benefits of the CorionX Utility token include:

  • CorionX token holders are entitled to be rewarded 2.5% quarterly in the Loyalty Staking Program after their average balance, without locking up the funds.
  • CorionX can be used to pay membership fees and other service fees of CorionX, Corion Foundation and partners infrastructure in CorionX.
  • The CorionX team and community recruits merchants to accept stablecoins and they will be able to discuss cashback promotions in CorionX.
  • Service providers and merchants accepting stablecoins will be motivated to use CorionX for promotions and cashbacks to encourage stablecoin payments and usage within their consumers.
  • CorionX is used for bounties to increase the number of community members and their stablecoin/cryptocurrency usage.

 

CORX token IEO

The CORX ERC20 utility token IEO second round is about to start on ProBit Exchange, which will run from 05:00 August 18th, (GMT+2) to 16:59 September 1st, 2020. 

Participants of the IEO can purchase CORX for $0.015 USDT, and can take advantage of an impressive 13% bonus for all purchases with USDT, BTC and ETH. Participants can bump that bonus up to 15% when purchasing with ProBit’s native token PROB. 

The CorionX IEO represents a great opportunity for enthusiasts and companies to be a part of a groundbreaking project, and benefit from staking rewards, DeFi evolution, bounties, and promotions. 

Register here for the CorionX IEO today! 

 

Media Contact Details

Contact name: Miklos Denkler

Email: mike@corion.io

 

Learn more about CorionX https://corion.io/corionx/

Join the second round of the CorionX IEOhttps://www.probit.com/en-us/ieo/corx-round1/1

Read the Whitepaperhttps://corion.io/corionx-whitepaper-en/index.htm#

Follow CorionX on Twitter https://twitter.com/CorionPlatform 

Find CorionX on Facebook https://www.facebook.com/CorionFoundation 

Join the Official Telegram Group https://t.me/corionx 

CorionX on YouTube https://www.youtube.com/watch?v=AaSJ2_HhF8I

Official Corion Medium Blog https://medium.com/@Corion 

Meet the Corion Team on Linkedin https://www.linkedin.com/company/corionplatform/

 

CorionX is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

 

About CryptoMarketeer.com : CryptoMarketeer has been proudly serving the crypto press release distribution needs of blockchain start-ups. Get your Crypto Marketing Services & Press Release Distribution today.

 

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HaruBank Celebrates One Year of Operations, Showing Strong Growth

Bitcoin Press Release: Blockchain-based digital asset depository service HaruBank celebrates 1 year of giving users market-leading interest rates, with transacted volumes of over $30,000,000 in the last 12 months.

 

3rd August, 2020, Singapore – After an incredible 12 months of ground-breaking work in the decentralised finance arena, HaruBank have today announced transactions totalling $30,000,000 made via their platform. The news comes after a significant funding announcement in June of this year signalling good progress and a commitment to developing the HaruBank ecosystem, which looks set to provide access to digital asset investment for new and experienced users alike.

 

1 Year in Business: An Overview

The news comes as part of HaruBank’s Annual Growth Index, which shows amazing forward movement in the first year of many for the solidifying company. The index shows incredible global presence and popularity, with user numbers growing almost 1,000% this year, worldwide. User deposits have increased by over 450% this year, showing the great trust and reputation the platform has amongst the crypto community. 

 

It’s not just HaruBank who are benefitting, however – the company’s performance figures are demand-driven, and result from a platform which offers competitive interest rates on a variety of deposits and lock-ups. To date, over $30,000,000 has been transacted on the platform, with over 200,000 separate payouts to users – showing that HaruBank has the scope and infrastructure to scale to record-breaking levels.

 

What is also impressive is the amount of users who are choosing to have a long term stake via lockup – which has grown by over 40% this year alone. The amount of users choosing to enjoy highly-competitive interest rates via lockup periods is now over 80%

 

Strong Ties 

On top of strong performance figures, HaruBank has also been busy securing the path to long-term success and stability. To guarantee users such profitable rates for lock-up and deposit, partnerships with reputable asset management firms have been a must. This year, HaruBank have partnered with 10 different crypto asset management firms, who have all passed HaruBank’s strict selection criteria:

 

  • Firms must be registered corporations
  • Firms must have at least 4 members of staff with deep algorithmic trading expertise
  • Firms must have an annual trading volume of at least $100,000,000
  • Firms must provide at least 18-months of trading history
  • Firms must present low volatility and profits above industry average. 

 

What’s Next? 

With such positive news from HaruBank’s first year, what does the digital asset depository service of the moment have in store in the coming months? Late August will see a major rebrand and launch of Haru as a recognisable and trusted investment firm acting as an umbrella for a range of services. Haru’s Mobile app will also be launched at the end of the year. 

 

With such strong performance figures, keen interest from users globally, and a commitment to securing the long-term success of the company for stakeholders and users through partnerships, HaruBank looks well poised to move the finance industry toward digital asset deposit as the new norm, for new and experienced users alike.

 

To join the financial revolution today, visit www.harubank.com

 

Join the conversation on Twitter: https://twitter.com/helloharubank

Keep up to date via Medium: https://medium.com/@harubank

Connect on Facebook: https://www.facebook.com/helloharubank/

 

Media Contact Details

Contact Name: HaruBank Media
Contact Email: hello@harubank.com

 

HaruBank is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

 

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

 

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