todayonchain.com: Press Releases todayonchain.com: Press Releases https://www.todayonchain.com/press-releases/ Copyright by todayonchain.com en todayonchain.com Mon, 25 Jan 2021 15:25:34 -0500 Vertex Exchange Introduces Global Trading Platform to Help Crypto Communities Sell Tokens at All Time High Prices Hong Kong, October 20, 2020 - Vertex Exchange has announced that its global community-oriented trading platform will be officially launched on October 20, 2020.


Vertex Exchange aims to be the leading global trading platform that merges all altcoin communities from around the world to form one main crypto community trading with only one native token of its kind - the Vertex Token (VTX).

Vertex Exchange is built with a mission to merge and unite global altcoin crypto communities and allow users to monetize approved ERC20 tokens by swapping them to VTX at their respective ATH (All Time High) prices, then selling them via a unique trading system that seeks to ensure price stability and liquidity. Since all crypto tokens in various markets have one thing in common, that they are tradable as they have monetary value, the concept of Vertex Exchange was first mooted to allow crypto communities to work together by swapping tokens and performing trades on one unified platform.

The crypto market is well perceived to be highly volatile. It is not unusual that with every peak price of a crypto token, comes a huge down. To date, many token prices have slumped to a fraction of their peak prices. To help token holders recover their losses, Vertex Exchange’s unique trading mechanism will bring about a new breakthrough for all global crypto communities, allowing token owners to monetize at higher values. Functioning as an “automated market” with attractive platform rewards to incentivize users when they participate in daily tasks, Vertex Exchange’s distinct feature is to automatically create a sell order for VTX at a higher pre-determined price whenever a buy order is performed. As the number of tokens listed on Vertex Exchange increases, the value of VTX will also increase, resulting in higher demands and trading volumes.

Targeting to attract massive communities of established crypto tokens, the launch of Vertex Exchange will be one that is highly anticipated by global crypto enthusiasts. To enhance engagement with users, crypto communities will be able to participate as minters who can vote for their favourite ERC20 tokens to be listed on the Vertex Exchange. Through this platform, active traders may also be rewarded with a portion of transaction fees earned from every trade.

Interested parties may visit its official website:  https://vtx.exchange/ to sign up.

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Uncategorized https://www.todayonchain.com/press-releases/vertex-exchange-introduces-global-trading-platform-to-help-crypto-communities-sell-tokens-at-all-time-high-prices/ https://www.todayonchain.com/press-releases/vertex-exchange-introduces-global-trading-platform-to-help-crypto-communities-sell-tokens-at-all-time-high-prices/ Editor Fri, 23 Oct 2020 08:40:05 -0400
DecentraVote: First of its kind blockchain-based e-voting solution for general meetings successfully launched

Munich/Vienna, 16 September 2020 – DecentraVote, a privacy-preserving e-voting solution developed by the Blockchain Lab of the German IT company iteratec GmbH, has been used for anonymous votes in a legally binding virtual general meeting. This marks an important milestone in the adoption of decentralized e-voting systems for governance on corporate level.

DecentraVote is a tamper-proof e-voting protocol, that can be deployed on any Ethereum-based blockchain network. Members of governing bodies can participate in votes from anywhere using their own device and a browser-based user interface, which interacts with smart contracts on the blockchain. DecentraVote is the first decentralized e-voting solution, which implements zk-SNARKs, a zero-knowledge proof construction known from privacy coins such as Zcash and generates proofs in the members’ browser. DecentraVote is truly decentralized: instead of a backend server the members need to trust, it uses a peer-to-peer network to store frontend files and textual content secured by hashes on-chain.

DecentraVote was used for the first time to ensure legally binding decisions in the virtual general meeting of a Munich-based cooperative with more than 200 members. The members entitled to vote could either register for the event or authorize a representative, who could vote in their stead. Smart contracts deployed on bloxberg, a public blockchain infrastructure for scientific research, ensured that only eligible voters could participate and prevented them from casting more votes than allowed.

With the continued demand for virtual general meetings and online voting caused by the COVID-19 pandemic, further deployments of DecentraVote with improved performance and usability are in preparation.

For further information please visit https://decentra.vote/.

About iteratec

We are a technology company and support our customers with tailor-made solutions for complex problems – from creative brainwaves to the digital product. We are passionate technologists and it is our goal to create added value for people with our high-quality software. We develop individual software systems, design large system landscapes and are leaders in technology. Trend-setting companies have been entrusting us with their challenging agile projects for more than 20 years.Quotes:

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Uncategorized https://www.todayonchain.com/press-releases/decentravote-first-of-its-kind-blockchain-based-e-voting-solution-for-general-meetings-successfully-launched/ https://www.todayonchain.com/press-releases/decentravote-first-of-its-kind-blockchain-based-e-voting-solution-for-general-meetings-successfully-launched/ Editor Wed, 16 Sep 2020 02:44:08 -0400
Council of Economic Advisors to Ring in Marshall Islands’ Final Phase to Launch First Auction of Sovereign Subscription Rights (SSRs) to its National Digital Currency SOV Foundation Announces its Inaugurative Board and Final Steps for Public Auction on Algorand Blockchain

Marshall Islands, Sept. 09, 2020 (GLOBE NEWSWIRE) -- (via Blockchain WireThe SOV Development Foundation, a Marshall Islands foundation overseeing the development, distribution and implementation of the Sovereign (SOV) blockchain, today announced its board of economic and technical advisors as the final phase in preparation for the first public auction of rights to the SOV, a blockchain-based cryptocurrency and the official legal tender of the Marshall Islands.  The Marshall Islands and the SOV Development Foundation are ushering in a groundbreaking development in decentralized finance (DeFi), which is transforming the finance industry and now one of the fastest growing sectors in crypto. 

Inaugurative Advisory Board Members Include: 

  • Dr. Peter Dittus, Chairman of the SOV Development Foundation's advisory committee. Previously he was the Secretary General of the Bank for International Settlements (BIS);
  • Prof. Silvio Micali, Turing Award winner and founder of Algorand, an open source, permissionless, proof-of-stake blockchain protocol that provides the underlying technology of SOV blockchain; 
  • Luis Ubinas, Former President of America’s second largest foundation, the Ford Foundation and was previously a Senior Partner at McKinsey & Company. Ubinas was also a member of the Advisory Committee for Trade Policy and Negotiations for the Obama Administration;
  • Prof. Mihaela Ulieru, International Relations and Business Development. Ulieru is President of the IMPACT Institute for the Digital Economy and an expert with the World Economic Forum's Global Agenda Council on Data-Driven Development, advising governments, and organizations on emerging technologies;
  • Steve Tendon, Blockchain and Regulatory Strategy advisor. Tendon is the architect of the Blockchain Strategy of the Republic of Malta; 
  • Patri Friedman, Special Economic Zone advisor. Friedman is the General Partner at Pronomos Capital, a Silicon Valley VC firm specializing in progressive Special Economic Zone projects. Patri is also the founder of the Seasteading movement and advises many innovative governance focused organizations.

The completion of the board marks the final phase before the launch of the public auction in the form of a Sovereign Subscription Rights (SSR) offering, which will be offered on the Algorand blockchain later this year. The tokenized SSR offering also marks a major first for a sovereign nation, enabling participants to secure rights to the first cryptocurrency issued by a sovereign nation as legal tender. Additionally, SOV is the first sovereign currency issued solely in digital format (without any corresponding paper or metal currency), as well as the first digital money officially recognized as a currency that does not rely on a central bank but instead Milton Friedman’s k-percent rule enforced via blockchain-based.

“The SOV Development Foundation has assembled a dream team of professionals in blockchain and finance to finally relieve the broken fiat banking system of its problems,” said Dr. Peter Dittus, Chairman of the SOV Development Foundation's advisory committee. “We’re honored to work together and bring the vision of true decentralized global finance to life.” 

“A blockchain with proven performance is essential to this project,” said Silvio Micali, founder of Algorand. “The Algorand blockchain is not only secure, but also scales to billions of global users and its atomic swaps and other layer-1 smart contracts are purpose-built for CBDC, making it an ideal technological foundation for SOV as the Marshall Islands revolutionize the way their economy works.” 

“The SOV Development Foundation’s approach to global problems within the financial economy is not only innovative, but universal and sustainable,” said Luis Ubinas. Member of the SOV Development Foundation's advisory committee.”

The SOV Foundation team also includes the Marshallese Board of Directors. For more information about SOV and SOV Foundation, please visit https://sov.foundation/

About SOV Foundation
The SOV Foundation is a non-profit incorporated in the Marshall Islands whose mandate is to oversee the distribution and development of the SOV. The organization is headed by directors, who oversee the initial distribution of the SOV as well as the design, development and implementation of the SOV chain, the Sovereign’s underlying blockchain infrastructure. The SOV Development Foundation will be responsible for building an ecosystem of services for the SOV and its long-term stability. For more information, please visit https://sov.foundation/.

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Uncategorized https://www.todayonchain.com/press-releases/council-of-economic-advisors-to-ring-in-marshall-islands-final-phase-to-launch-first-auction-of-sovereign-subscription-rights-ssrs-to-its-national-digital-currency/ https://www.todayonchain.com/press-releases/council-of-economic-advisors-to-ring-in-marshall-islands-final-phase-to-launch-first-auction-of-sovereign-subscription-rights-ssrs-to-its-national-digital-currency/ Editor Wed, 09 Sep 2020 02:41:43 -0400
SGX, in collaboration with HSBC and Temasek, completes pilot digital bond for Olam International  

●      SGX’s digital asset issuance, depository and servicing platform was used to launch and settle in parallel, the first digital bond issuance for Olam International

●       This marks the first step towards wider use of smart contracts and distributed ledger technology (DLT) for the Asian bond market

 

Singapore Exchange (SGX), working together with HSBC Singapore and Temasek, has completed its first digital bond issuance on SGX’s digital asset issuance, depository and servicing platform, successfully replicating a S$400 million 5.5-year public bond issue and a follow-on S$100 million tap of the same issue by Olam International.

 

An Asia first for a syndicated public corporate bond, this digital bond marks another milestone in SGX’s use of digital asset technology, by streamlining processes for issuers, underwriters, investors and ecosystem participants across primary issuance and asset servicing.

 

SGX utilised DAML, the smart contract language created by Digital Asset, to model the bond and its distributed workflows for issuance and asset servicing over the bond’s lifecycle. SGX’s solution uses smart contracts to capture the rights and obligations of parties involved in issuance and asset servicing, such as arrangers, depository agents, legal counsel and custodians.

 

The digital bond used HSBC’s on-chain payments solution which allows for seamless settlement in multiple currencies to facilitate transfer of proceeds between the issuer, arranger and investor custodian.

 

Key efficiencies observed within the pilot include timely ISIN (identifier) generation, elimination of settlement risk (for issuer, arranger and investors), reduction in primary issuance settlement (from 5 days to 2 days) as well as automation of coupon and redemption payments and registrar functionality. For more information, please visit this webpage.

 

Building on this digital issuance, SGX will work with issuers, arrangers, custodian banks and investors to digitalise bond issuance, depository and asset servicing, progressively growing the fixed income ecosystem.

 

Lee Beng Hong, Senior Managing Director, Head of Fixed Income, Currencies and Commodities (FICC), SGX, said, “We are very excited that this collaboration with HSBC and Temasek has led to the successful completion of the first digital syndicated public corporate bond in Asia. Debt capital markets globally are characterised by deeply engrained legacy systems and processes which can be made faster, more accurate and efficient with this new technology. DLT and smart contracts are rapidly evolving technologies, and our vision is to fully digitalise the end-to-end corporate bond issuance and asset servicing process. We look forward to playing a part in strengthening the fixed income market infrastructure of Singapore, Asia’s fixed income hub for bond issuers.”

 

David Koh, Head of Global Liquidity and Cash Management, HSBC Singapore, said, “We’re proud to be working closely with SGX and Temasek to drive faster, more transparent, and fully secure settlements for bond issuers and investors. This first digital bond issuance for Olam International shows how our on-chain solution can fulfil payment needs in DLT-based ecosystems, and demonstrates our desire to shape and participate in the next generation of asset networks, to better service our securities services clients. We look forward to bringing this technology to our clients in Singapore and beyond.”

 

Chia Song Hwee, Deputy Chief Executive Officer at Temasek, added, “Innovative technologies such as blockchain technology are key enablers that can transform processes and systems to create game-changing opportunities. We are pleased to have partnered SGX, HSBC and Olam in this initiative. The successful bond issuance validates the potential for issuances of other assets and products, and marks an important milestone towards improving financial processes and workflows.”

 

N Muthukumar, Managing Director and Group CFO of Olam International, said, “Olam is delighted to pilot Asia’s first digital bond in close partnership with SGX, Temasek and HSBC. Going digital will make the entire process more efficient and transparent for all parties – issuers like us receive our funds more speedily, investors get their bonds more quickly while the arrangers, custodian and banks benefit from the reduced probability of error and speed. This is in line with Olam’s focused push into digitalisation as part of our refreshed strategy, to grow sustainably and live our purpose of re-imagining global agriculture and food systems.”

 

“The bond market is one of the last bastions of risk, holding on to paper and manual processes,” said Yuval Rooz, Co-founder and CEO, Digital Asset. “Despite the growth in electronic bond trading, there are still many aspects that require manual intervention. SGX’s DAML smart contract solution solves a major pain point market participants have been working to fix for years. We look forward to our continued work with SGX as they move to digitise the end-to-end bond issuance process.”

 

About Singapore Exchange

 

Singapore Exchange is Asia’s leading and trusted market infrastructure, operating equity, fixed income and derivatives markets to the highest regulatory standards. As Asia’s most international, multi-asset exchange, SGX provides listing, trading, clearing, settlement, depository and data services, with about 40% of listed companies and over 80% of listed bonds originating outside of Singapore.

 

SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN and offers commodities and currency derivatives products. Headquartered in AAA-rated Singapore, SGX is globally recognised for its risk management and clearing capabilities. For more information, please visit www.sgx.com.

 

The Hongkong and Shanghai Banking Corporation Limited

 

The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group, which serves its customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. HSBC serves customers worldwide from offices in 65 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,728bn at 30 September 2019, HSBC is one of the world’s largest banking and financial services organisations.

 

About Temasek

 

Temasek is an investment company with a net portfolio value of S$306 billion[1] as at 31 March 2020.

 

Our three roles as an Investor, Institution and Steward, as defined in our Temasek Charter, shape our ethos to do well, do right and do good.

 

Six structural trends help shape our investment direction in Temasek: longer lifespans, rising affluence and sustainable living drive social progress, enabled by technological solutions for sharing economies, smarter systems and a more connected world.

 

We actively seek sustainable solutions to address present and future challenges, as we capture investment and other opportunities that help to bring about a better, smarter and more sustainable world.

 

Headquartered in Singapore, we have 11 offices around the world.

 

For more information on Temasek, please visit www.temasek.com.sg

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Uncategorized https://www.todayonchain.com/press-releases/sgx-in-collaboration-with-hsbc-and-temasek-completes-pilot-digital-bond-for-olam-international/ https://www.todayonchain.com/press-releases/sgx-in-collaboration-with-hsbc-and-temasek-completes-pilot-digital-bond-for-olam-international/ Editor Tue, 01 Sep 2020 02:39:21 -0400
Varcode Appoints Leading Food Safety Specialists to New Advisory Board  

Medical and academic veterans will help guide growth of Varcode ‘Smart Barcode” technology for time- and temperature-sensitive supply chain solutions

CHICAGO – August 25, 2020 – Varcode™, maker of digital, time- and temperature-sensitive supply chain solutions, today announced it has appointed an advisory board of leading food safety specialists to help guide the company’s long-term growth in the food and beverage, food delivery, and pharma and life sciences industry segments.  

David A. Farcy, MD FAAEM FCCM is chairman  of the Department of Emergency Medicine and director of emergency Medicine Critical Care at Mount Sinai Medical Center in Miami Beach, Fla. Dr. Farcy also serves as president for the American Academy of Emergency Medicine (2018-present) and has served on that board of directors since 2015. Additionally, Dr. Farcy is the academic vice chair and associate professor for the Department of Emergency Medicine & Critical Care at Herbert Wertheim College of Medicine, Florida International University.

Dr. Ben Chapman is a professor and food safety extension specialist at North Carolina State University. With the goal of reducing foodborne illness, his group designs, implements, and evaluates food safety strategies, messages, and media from farm-to-fork. Through reality-based research, Dr. Chapman investigates behaviors and creates interventions aimed at amateur and professional food handlers, managers, and organizational decision makers – the gatekeepers of safe food. He co-hosts a bi-weekly podcast, “Food Safety Talk,” and works to engage audiences through online social media outlets.

Captain Domenic J. Veneziano, USPHS, Retired is the former director of the Division of Import Operations and Policy for the Food & Drug Administration (FDA).  He is recognized by the FDA and across multiple industries as an expert in import operations. Previously Captain Veneziano established and directed the FDA's first 24/7 office to help prevent terrorism of the U.S. food supply. Captain Veneziano served the FDA and the U.S. Public Health Service for more than 24 years before recently retiring.

“The combined expertise of these renowned specialists will be of tremendous value as we continue working to create a smarter, safer and more sustainable global supply chain for food and pharmaceuticals,” said Joseph Battoe, CEO of Varcode.

Varcode’s solution relies on digital “smart barcode” tags that dynamically change based on customized time and temperature parameters. The labels use a combination of precisely tuned chemicals and a uniquely printed layer to capture temperature variances when and where they occur and create a permanent, irreversible digital record accessed by Varcode’s proprietary smartphone app. Varcode’s digital records are cloud based and accessible from the point of processing through customer delivery.

Varcode ensures compliance with all food safety best practices, including the recently published CDC consumer guidelines for receiving home delivered goods, as well as

HACCP plans, FDA and USDA guidelines, and many of the provisions within the FSMA including but not limited to the HARPC, FSVP and Sanitary transport. The Varcode cloud-based system will also meet the FSMA record keeping requirements, which means less paperwork.

Varcode technology holds more than two dozen patents. It was developed in Israel by Yaron Nemet, co-founder and inventor of the Digital Time Temperature Indicator (dTTiS).  Nemet was the next-generation solution leader for Wiztec Solutions (Nasdaq: WIZTF), an international IT business solutions provider.

About Varcode™

The name Varcode is short for variable barcode. Varcode is the developer of patented technology to enable scannable barcodes to dynamically change based on prescribed time and temperature threshold conditions. These smart barcode tags can be scanned via any fixed or handheld scanner, smartphone, or tablet to capture location and time sensitive temperature data which are then uploaded to Varcode’s cloud-based, blockchain-enabled management system.  The system provides real-time alerts via SMS and email to stakeholders as well as providing comprehensive track and trace provenance for temperature sensitive products such as perishable food for safety, compliance and sustainability purposes.  For additional information visit: www.Varcode.com.

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Uncategorized https://www.todayonchain.com/press-releases/varcode-appoints-leading-food-safety-specialists-to-new-advisory-board/ https://www.todayonchain.com/press-releases/varcode-appoints-leading-food-safety-specialists-to-new-advisory-board/ Editor Tue, 25 Aug 2020 02:33:29 -0400
South Korea’s Jeju Island Selects ICONLOOP Blockchain Technology for Private, Secure COVID-19 Contact Tracing A new blockchain-based mobile app ensures health and safety to Jeju Island’s 15 million annual tourists while protecting personal identity and privacy

SEOUL, SOUTH KOREA, Aug. 19, 2020 (GLOBE NEWSWIRE) -- (via Blockchain Wire) - ICONLOOP (www.iconloop.com), South Korea’s leading blockchain technology company, today announced that Jeju Island, the country’s most popular domestic tourist destination, will use its Decentralized Identity (‘DID’) blockchain technology to provide private, secure COVID-19 contact tracing to the island’s 15 million annual visitors. ICONLOOP and the Jeju Special Self-Governing Province have signed a cooperation agreement to introduce this innovative COVID-19 and infectious disease prevention system. Visitors will use a mobile app to check into tourist destinations and businesses on Jeju Island, with their data kept private unless a COVID-19 case is discovered.

Jeju Island has taken strong measures to prevent the spread of COVID-19, realizing early on the importance of strengthening its contact tracing capabilities while ensuring the privacy of its residents and visitors. Jeju Island collaborated with ICONLOOP to develop this first-of-its-kind system. Starting this week, Jeju Island will experience it firsthand. 

“This cooperation with Jeju Island is opening new possibilities for real-life application of blockchain DID authentication in the post-COVID-19 era,” said Jong-hyup, Kim, CEO of ICONLOOP. “As more users directly experience safe and convenient DID service at scale, we will realize many more new ways that blockchain technology can be applied to their daily lives.”

“Through this new infectious disease prevention system, Jeju Island will be able to be reborn as a safe and representative tourist destination in Korea,” said Tae-bong Lim, Director of Health and Welfare of Jeju Self-Governing Province. “We look forward to revitalizing the local economy, which has been stagnant due to the prolonged COVID-19 pandemic.”

The contact tracing system is serviced through ICONLOOP's DID authentication mobile app service called Zzeung, which protects the privacy of all users. Zzeung was designated as an innovative financial service (“MyID”) by Korea’s Financial Services Commission in recognition of its high convenience and security. 

Here’s how it works: When visitors arrive on Jeju Island, they are required to download the Zzeung mobile app and verify their identity using a Korean telecom service. In the background, a verifiable credential is issued via a public blockchain network to guarantee that there is no forgery or tampering of any information. Then, visitors are required to set up fingerprint authentication or a PIN code, issuing a separate verifiable credential via a private blockchain network. Both verifiable credentials are safely stored on the visitor’s mobile device. When visitors check into tourist attractions using QR codes, only the verifiable credential tied to fingerprint or PIN (which contains no personal information) is transmitted for record-keeping on a highly secure private blockchain network. Each visitor’s personal identifying information and records of where they visit are separated to ensure personal privacy. In an event a COVID-19 case is discovered, a rapid epidemiological investigation and tracing can be conducted by the Jeju’s crisis response team.


A key feature of the app is user convenience. Scanning a QR code is a familiar, fast check-in process for many people, especially in South Korea, and is cost-effective for business owners. Business owners do not need to collect and handle any personal information, which also frees them from any legal risk.

ICONLOOP and Jeju Island recently began a pilot program for provincial government offices. On August 24, the operation will expand to include more than 50 private businesses. Beginning in September, this new contact tracing system will be officially operated to private businesses in the 8 districts of Jeju Island.

ABOUT ICONLOOP
ICONLOOP (https://www.iconloop.com/) is a leading blockchain technology company in South Korea. The company’s technology is used for real-world applications in banking, healthcare, government, and more. The Financial Services Commission (FSC) has approved ICONLOOP’s decentralized identity (DID) authentication service into the ‘Innovative Financial Services and Regulations Sandbox’. Headquartered in Seoul, the company has approximately 140 employees and raised over $15 million in funding from Korea Growth Investment Corporation (K-Growth), Kiwoom Investment, Danal Holdings, K-Clavis Investment, TS Investment, Korea Asset Investment Securities, and Pathfinder H. 

ABOUT JEJU SPECIAL SELF-GOVERNING PROVINCE
Jeju (https://www.jeju.go.kr/), also known as Jeju Island, is the only self-governing province in South Korea, meaning that the province is run by local natives instead of politicians from the mainland. Jeju Island is the largest island in South Korea with approximately 700,000 residents and 15 million visitors per year. Jeju is home to a small technology hub. In 2005, the Jeju Science Park was created, a complex for technology companies and organizations. Since its implementation, it has attracted 117 IT and biotech companies.

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Uncategorized https://www.todayonchain.com/press-releases/south-koreas-jeju-island-selects-iconloop-blockchain-technology-for-private-secure-covid-19-contact-tracing/ https://www.todayonchain.com/press-releases/south-koreas-jeju-island-selects-iconloop-blockchain-technology-for-private-secure-covid-19-contact-tracing/ Editor Wed, 19 Aug 2020 02:30:30 -0400
1inch Secures $2.8M Funding Round Led by Binance Labs and Top Venture Funds

Following its recent surpass of one billion USD in overall volume, 1inch has successfully closed the first round of investments to fuel its exponential growth.

The 1inch team is excited to announce a $2.8M funding round from institutional investors, including Binance Labs, which led the funding round, as well as Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures, Divergence Ventures, Loi Luu, the Founder of Kyber Network, and Illia Polosukhin, the Co-Founder of NEAR Protocol. The first round of investment follows 1inch’s recent milestone of $1B in overall volume. The investment round marks a critical point in 1inch’s rapid growth.

1inch is a decentralized exchange aggregator that sources liquidity from various exchanges. This high-powered aggregator uses smart contract technology to split a single trade transaction across multiple DEXs – enabling users to optimize and customize trades. 1inch is the leading DEX aggregator and has already integrated support from top DEXs including Uniswap, Kyber Network, Airswap, Oasis, Bancor, Balancer, Curve, and many more.

“DEX aggregation is a critical building block that co-enabled the most recent DeFi boom. It allows executing large order sizes at low slippage rates. 1inch has become the de facto interface for trade execution in DeFi, with aggregate volumes surpassing $1 billion,” said Binance Founder and CEO Changpeng Zhao “CZ”. “It is of great pleasure to support the 1inch team in their relentless quest to drive user adoption in DeFi.”

1inch is quickly expanding its range of products. 1inch’s new Pathfinder and automated market maker (AMM) protocol Mooniswap represent a turning point in 1inch’s industry impact. Moreover, 1inch provides a platform that allows users to stake tokens and collect revenue from a number of liquidity pools (e.g. Uniswap, Balancer, and Mooniswap).

The Pathfinder consists of a complex search algorithm for swapping routes. This improves the speed and efficiency of the overall 1inch aggregator.

1inch’s automated market maker Mooniswap shifts the landscape of liquidity pools. This unique AMM protocol resolves the major issues of impairment loss by reducing arbitrageurs' earnings while increasing liquidity providers' earnings.

With price slippage, users lose significant amounts of their funds to arbitrage traders. When a user swaps a substantial amount of coins, price slippage can deplete user’s funds by anywhere from 2% to infinity. 1inch solves this with its own AMM which allows liquidity providers to earn on users’ slippages unlike any other AMM on the market today.

In addition, Mooniswap deals with front-running attacks, whereby a malicious node observes a transaction after it is broadcasted but before it is finalized and attempts to get its own transaction confirmed before or instead of the observed transaction. The malicious observer then sells for a better price after the user's transaction in order to earn on that. The Mooniswap is an attractive platform for initial liquidity offerings, largely because it is protected from front-running attacks. Learn more about Mooniswap here.

Sergej Kunz, CEO, and Anton Bukov, CTO, launched 1inch in May 2019 at the ETHGlobal hackathon in New York and in just over a year 1inch has surpassed one billion USD in overall volume. To date, 1inch’s daily active wallets have surged from 115 wallets last year to over 1,200 wallets in July 2020, totalling over 17,700 wallets.

“Our team had first met Sergej and Anton at ETHParis in February 2019 where the two pitched a BNB utility project to us. On a subsequent hackathon, the team launched 1inch and after first traction decided to commercialize it,” said Binance Strategy Officer Gin Chao.

“Throughout a year our team has grown from just two people up to sixteen – mostly award winning developers from various Ethereum hackathons. At 1inch, we aim to unite traders and liquidity providers, facilitating transactions that are profitable for both sides,” said Sergej Kunz, Co-Founder and CEO of 1inch. “The funds raised in the first investment round will be used to further grow the team, to develop our algorithm together with new innovative products and to run marketing activities. We believe that the gold rush in DeFi is in full swing and 1inch has full potential to become the first DeFi unicorn company.”

With a funding round under the 1inch belt, the team will continue to expand its growing list of products. In August, the team will release a game-changing algorithm that utilizes 1inch APl to respond in less than a second to find the best trading paths and is completely free for B2B integrations. 1inch will continue to optimize the aggregator’s API and integrate with transformative technologies in DeFi and blockchain. Moreover, 1inch soon plans to release its own token, introduce liquidity mining (farming) on specific Mooniswap pools and perform an initial AirDrop based on provided liquidity starting from the Mooniswap’s release date.

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About 1inch

1inch (https://1inch.exchange/) is a decentralized exchange aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXs. Smart contract technology empowers this aggregator to enable users optimize and customize their trades. Launched in May 2019 by Sergej Kunz, CEO, and Anton Bukov, CTO, 1inch has surpassed $1B in overall volume in only 14 months. 1inch has already integrated support for top DEXs including Uniswap, Kyber Network, Airswap, Oasis, Bancor, Balancer, Curve, and many more.

Official Medium: https://medium.com/@1inch.exchange

Official Twitter: https://twitter.com/1inchExchange

Official Discord: https://discord.gg/Xyxv2Yz

Official Telegram: https://t.me/OneInchExchange

About Binance

Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com.

About Binance Labs

Binance Labs identifies, invests, and empowers viable blockchain entrepreneurs, startups, and communities, providing financing to industry projects that help grow the larger blockchain ecosystem. Binance Labs is committed to supporting fast-executing teams who positively impact the crypto space. For more information, visit: https://labs.binance.com/.

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Uncategorized https://www.todayonchain.com/press-releases/1inch-secures-28m-funding-round-led-by-binance-labs-and-top-venture-funds/ https://www.todayonchain.com/press-releases/1inch-secures-28m-funding-round-led-by-binance-labs-and-top-venture-funds/ Editor Tue, 11 Aug 2020 02:27:53 -0400
Arbitly Releases World’s FIRST Ubiquitous Cloud-Based Platform for Crypto Arbitrage Trading

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Recently, Arbitly released its Cloud-Based Platform for Crypto Arbitrage Trading. Arbitly is the world's leading Ubiquitous cloud-based platform for cryptocurrency arbitrage trading. Arbitrage trading is one of the safest and risk-free investment vehicles the world over. Dealing with Arbitly means, users are dealing with the most-trusted arbitrage-trading platform.

Since January 2020, the company has been operating as a full-fledged trading platform after its final testing was done in December 2019. Arbitly allows both newbies and experienced traders to execute trades with just a few clicks. Arbitly guarantees the redistribution of funds which hitherto goes to exchanges in the form of commissions, deposit, and withdrawal fees. This approach has increased traders' confidence and helped to boost their trading profits.

Arbitly is developed by a team of technocrats knowledgeable in the operations of the arbitrage trading space, and how to break the barriers that have impeded success for many traders over the years. Alexander Black, who is the founder and Chief Executive Officer, leads the team.

Arbitly Cloud & Cloud+ Feature

Arbitly is equipped with top-notch features, including Arbitly Cloud which serves as a medium for traders to connect with two or more exchanges for manual trading, and Arbitly Cloud+ which traders or investors can leverage to manage their asset portfolio and trading activities on auto-pilot. The team behind this project has done all the heavy-lifting for users to maximize their earnings off the crypto arbitrage market quickly.

Arbitly Boost Package

Besides these amazing features, Arbitly is integrated with the Boost feature, which can only be unlocked after a monthly subscription. Plus, they have a reliable and dedicated support staff that is always on the ground to resolve all complaints within the shortest possible time. If users are struggling to access Arbitly services, feel free to reach out to the support staff for immediate resolution.

Arbitly Affiliate Program

Furthermore, in a bid to reward traders and investors, Arbitly has an affiliate program that users can be part of to earn bitcoins. Referring friends or family members, users could get 15 percent commission for promoting Arbitly.

About Arbitly
Arbitly is a leading crypto arbitrage trading platform. The mission of Arbitly is to eliminate the problems seemingly inherent in the crypto arbitrage space. The company operates through different exchanges, making it easy for traders to manage their portfolio from a single location. The team behind Arbitly has assured that more exchanges would be added on a regular basis.

Further information at: https://arbitly.io
Support Contact: support@arbitly.io

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Uncategorized https://www.todayonchain.com/press-releases/arbitly-releases-worlds-first-ubiquitous-cloud-based-platform-for-crypto-arbitrage-trading/ https://www.todayonchain.com/press-releases/arbitly-releases-worlds-first-ubiquitous-cloud-based-platform-for-crypto-arbitrage-trading/ Editor Wed, 05 Aug 2020 00:49:40 -0400
Bityard Digital Asset Exchange Expands into North America Following Partnership with GDA Capital

Singapore, July 28, 2020 (GLOBE NEWSWIRE) -- (via Blockchain WireBityard, a world-leading digital asset exchange platform has announced its expansion into the North American market through its partnership with Global Digital Assets (GDA Capital), a financial institution that operates globally from its headquarters in Toronto and New York City. Bityard provides retail and institutional traders with digital asset exposure through derivative contracts, rather than trading the financial assets outright. This model of focusing on derivatives products provides Bityard with lower latency, deeper order books, and lower price slippage on larger trades and orders.  

The traditional derivatives market is enormous, with analysts often predicting the market capitalization at one quadrillion dollars or roughly 10 times the gross domestic product (GDP) of the entire world.  Derivatives are a form of financial contract that act as trading instruments where investors can trade or speculate on the price movement of an asset by purchasing a contract that reflects this asset’s price, rather than owning the asset itself. These assets in question can be commodities (e.g., rice, wheat, crude oil) or a financial instrument (e.g., stocks, bonds, cryptocurrencies). Derivative contracts are typically used by traders as a way to hedge other investments or to lock in profits when trading in volatile markets and are also often used for treasury management purposes for large multinational enterprises.

"Global liquidity is essential to the continued adoption of blockchain technology. We are thrilled to be working with Bityard as their derivatives exchange creates yet another reliable on-ramp for sophisticated investors and speculators", said GDA Capital's head of strategy, Karl Samsen

"Bityard's product philosophy has always been to offer clients a sophisticated trading platform that is packaged into a seamless user experience. We are excited to bring Bityard to the North American market and to continue driving blockchain adoption at the consumer-level" said BitYard’s head of business development, Rafael Zhou. 

The Bityard team is globally headquartered in Taiwan and Singapore, with additional offices in Vietnam, Malaysia, and the Philippines, and a distributed team in the United States, China, Taiwan, Indonesia, Vietnam, and South Korea. Currently, Bityard is open for trading in more than 150 countries. 

About GDA Capital

Global Digital Assets (GDA Capital) is a global merchant bank focused on emerging technology, based in Toronto & New York City. GDA was founded through the joint venture between MLG Blockchain and Secure Digital Markets and offers a full suite of services including ventures, capital markets and liquidity. We have worked with a variety of firms ranging from family offices, HNWI, Fortune 100 enterprises, startups and global governments looking to accelerate their country's adoption of blockchain. For more information please visit:

GDA Capital Group

GDA Capital

MLG Blockchain

Secure Digital Markets

About Bityard

Bityard is the world’s leading cryptocurrency contracts exchange. Headquartered in Singapore, we provide safe, easy, and fast crypto asset trading services in more than 150 countries. Bityard adheres to the product concept of “Complex Contracts Simple Trade”, and aims to bring the ultimate simplified trading experience to customers. For more information, please visit https://bityard.com/

Disclaimer: This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Tokens and virtual currencies, in general, are not legal tender, in any country, and are not backed by any government as legal tender, nor should they be treated as such.

Contact:

Rafael Zhou

Bityard

bd@bityard.com

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Uncategorized https://www.todayonchain.com/press-releases/bityard-digital-asset-exchange-expands-into-north-america-following-partnership-with-gda-capital/ https://www.todayonchain.com/press-releases/bityard-digital-asset-exchange-expands-into-north-america-following-partnership-with-gda-capital/ Editor Wed, 29 Jul 2020 00:45:12 -0400
Spanish Startup Gocoworker Announces the Crowdsale, Intending to Become the Most Momentous in Europe.

Barcelona, 30 July 2020 - Gocoworker is a Distributed Autonomous Organisation for Talents, leader in communal work, for sustainable jobs.

The world’s economy is undergoing a global systemic crisis: where inflation in the world’s money supply is no longer sufficient to revive the international economy. Pyramidal organisations have reached their limits and are ineffective in the face of the increasing complexity of global challenges. The commodification of humanity is underway.

Thanks to technological innovation, humanity is experiencing lightning-fast evolution towards global collective intelligence. A new quaternary sector is emerging from the collaborative economy with a liquid workforce. Digital natives will represent 75% of workers by 2025. In this post-digital era, a platform economy arises from an Internet of Value.

While exponential growth of a debt-based monetary system is mathematically unsustainable, Keynesian unemployment is resolved in a token economy that produces sustainable growth and where entrepreneurship allows for workers’ individuation. Communal work is the sustainable job source.

A Distributed Autonomous Organisation for Talents

This successful ecosystem is four-fold: 1) Gocoworker, a distributed organisation, for the sustainable creation of dream jobs, enabling professionals to work safely, within a communal platform; 2) Gocompany, communal companies, for engagement in a path of empowerment with first-class social protection; 3) Gocobooster, acceleration programs, for communal learning via the use of cutting-edge methodology; and 4) Gococampus, unique places, for communal entrepreneurship with the provision of campus services.

Pioneering communal work since 2013, Gocoworker offers a proven paradigm for an Internet of Humans. Its mission is to empower 1 million Talents (skilled professionals) and attain a 1% market share in the digital services sector by 2040. The projected turnover of Gocoworker is 100 million euros by 2027 and 10 billion euros by 2040, with an equivalent net cash forecast.

Gocoworker essentially works with a smart token and a corporate blockchain. The GOCO token is a utility token that allows for the settlement of professional services and the daily life of the organisation. The GOCO’s total supply is limited to 21 millions tokens. The network effect, as a business model, is the foundation of success.

Presentation video can be found at: https://youtu.be/cstfqsfyUcA.

The Much Awaited Crowdsale

The Presale will commence on 2 September 2020 and will end on 14 November 2020. 10% of the tokens will be distributed at a price of 0.1 ETH with an automated referral program, a world first.

The Token Sale will take place from 14 November 2020 to 21 June 2021. 50% of the tokens will be distributed, over 250 periods of 21 hours, prorated based on the total ETH collected during each period.

A distributed and secure solution is implemented whereby contributions are managed directly through smart contracts. Everyone can join the movement to be free together.

For more information, visit: https://gocoworker.com.

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Uncategorized https://www.todayonchain.com/press-releases/spanish-startup-gocoworker-announces-the-crowdsale-intending-to-become-the-most-momentous-in-europe/ https://www.todayonchain.com/press-releases/spanish-startup-gocoworker-announces-the-crowdsale-intending-to-become-the-most-momentous-in-europe/ Editor Tue, 28 Jul 2020 00:42:47 -0400
Sharder, a Hacker’s biggest nightmare

Singapore // London, UK (July 27, 2020) - Sharder’s multi chain storage and validation network is one of the world’s most secure blockchain networks.

One of Sharder’s first products, SignEase, is a Mobile electronic signing application already connected to the Hangzhou Internet Court's Judicial Chain.

Sharder encrypts the data before being uploaded to the network. The encrypted data is split into small fragments known as shards. Then the data shards are distributed to secure nodes on our global network. Backups are kept on different nodes to ensure data availability.

Another product which Sharder is releasing in the coming months is called Island. Securely and discreetly store your most sensitive photos, videos, documents and nodes with Island Blockchain Storage. A phone app with unparalleled security for your confidential and private data that you need to keep hidden and secret.

Ben Xiong, the Chief Executive Officer at Sharder, says: “Because the data gets encrypted and sharded, before being distributed to secure nodes on our global network, Sharder has become any hacker’s biggest nightmare.”

ABOUT SHARDER

Sharder is a multi chain storage and validation network. Developers can build blockchain based storage apps on the Sharder Network.

More information:

Website: Sharder.org

Twitter: https://twitter.com/sharderchain

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Uncategorized https://www.todayonchain.com/press-releases/sharder-a-hackers-biggest-nightmare/ https://www.todayonchain.com/press-releases/sharder-a-hackers-biggest-nightmare/ Editor Mon, 27 Jul 2020 00:17:11 -0400