Thursday 16 March 2023 11:50 am

We continue from Part 1 with other key forms of decentralisation.

A DAO doesnt have a central authority and operates based on proposals from its members. Such must be approved by a majority of members to become valid. They then implement these proposals using smart contracts which give the organisation rules on which to execute the agreed-upon actions of its members. Decision-making power is distributed and automated, thus eliminating the need for day-to-day administration. The benefits of a DAO include increased transparency and decentralisation of power. This also enables the autonomous corporation to function independently and without third-party influence. The removal of third-parties reduces cost and downtime.

Traditional organisations require trust in the people at the top whereas in a DAO, its the community that runs the show in bottom up fashion. Trust is placed in the code. Codes are far more concrete than trying to understand human motivations. DAOs are also completely transparent and verifiable where every transaction is available on the blockchain.

In consequence, a DAO is more efficient thus can scale faster. Since decentralised organisations have no hierarchical structure, they allow any stakeholder to put forward an innovative idea to improve a project.

Another feature of a DAO is that it distributes decision-making power to all participants. This is crucial to avoid human error. Human beings tend to misbehave in organisations. They are often given power and act in their own interest, whether they are motivated by greed, prejudice, or a desire for fame. Those flaws can make an organisation vulnerable.

DAOs allow Web3 communities to scale and grow without the risk of collapsing into an oligarchy or bureaucracy. This bottom up structure ensures ongoing democracy unlike the pseudo types seen across the globe. Gaining membership in a DAO can be as simple as buying an NFT or DAO token. Smart contracts enforce the DAOs rules in a trustless, objective manner.

The development of the DAO is done by way of vote by each member in the community who holds NFTs or tokens. Members can gain voting rights by purchasing a governance token. Voting is done through a process called proof of stake. In order to vote, a member must first deposit a cryptocurrency into a DAO smart contract. This deposit is called a stake.

The size of the stake determines the weight of the members vote. While some may complain this means the big dogs will monopolise the power, skin in the game has proven to be economic. The more invested the individual, whether in terms of capital or time, the more likely that person will act in the best interest of the organisation.

While misjudgements and mistakes will be made, this process is far more democratic and robust than traditional top down hierarchies. Further, the largest capital holders in DAOs are likely to be far more distributed than just a board of directors in traditional corporations or elected officials in governments.

Dictators with too much power often enact crippling laws that carry consequences for future generations sometimes leading to genocides. Dictatorships are notoriously centralised around one ruler that carries dire consequences for the masses. In China, dogmatic dictator Mao enacted the one-child policy because he feared the young generation would eat the rest of the population alive. He also sent 17 million educated, privileged youth into exile. Without young people, the Chinese labour cost has increased by a factor of 14 since the year 2000. Mexican labour is now one-third the cost and twice as skilled as Chinese labour.

In Russia, 2022 was the last year that Russia had enough people in their 20s to even attempt an invasion of Ukraine. The demographic structure in Russia is diseased, aged, and in terminal decline. In consequence, the logistical supply chains that fuel Russian troops may erode to the point where Ukraine can push the Russians out of Crimea in the east and put an end to this war.

The partial decentralisation of power structures through blockchain and AI is key. One solution is to use an eGov-DAO blockchain to decentralise decision-making and increase transparency. This could potentially revolutionise the way governments operate, making them more efficient and accountable within various agencies while being less susceptible to corruption and more immune to attacks than traditional governments.

eGov-DAOs would remove the security risks of a highly centralised IT infrastructure. Private businesses could then engage with the government for contracted services with increased transparency and trust, reduced costs, and a more efficient process.

Such a system would be fully decentralised making it immune to systemwide malicious attacks. This approach has the potential to regulate and manage all relationships between decision-makers, management, agency staff, other agencies, clients, contractors, stakeholders and citizens using smart contracts.

Some of these contracts would enforce law, while others could guide agreements and internal processes. Every government transaction such as the use and transfer of money, property, data, access/use rights would be recorded on a public blockchain to maintain transparency and accountability. Smart contracts could allow for varying degrees of access.

The DAO would be controlled by pre-defined rules enacted via a smart contract, so it would eliminate errors and paperwork associated with traditional human processes.

A wide range of government procedures could also be automated using the blockchain. Something called a blockchain-based smart permit, for example, might handle many routine government activities. A smart permit, like a blockchain smart contract, is a kind of legal agreement that establishes obligations for various parties. The government and the permitted entity would have separate responsibilities as pertains to the issuance of licences. A non-governmental organisation may engage in a regulated function under the authority of a permit.

Both government and commercial services have been hacked in the past through ransomware and denial-of-service attacks. The e-Gov DAO would prevent this while lowering IT infrastructure costs.

eGov-DAOs will save governments money, increase efficiency, and reduce risk by establishing a transparent and secure e-government system with minimum cost. Estonia was billed as the worlds leading digital e-nation in 2017 well after it launched its e-residency program as well as a nation-wide digital signature platform.

With the launch of Estonian Web3 Chamber, it is well on its way to reclaiming its pole position as it aims to help regulators understand the vast potential of this tech such that the onerous, overbearing regulation in the crypto space will be transformed into a mature, evolved set of rules that enable massive utility.

At a time when public trust in government is at a major low, Web3 blockchain governance is the way forward.

Bitcoin. What more needs to be said? Bitcoins hash rate towers over all other cryptocurrencies. It has never been hacked. Its original code never had to fork. It remains the most secure, peer-to-peer value transfer technology in the history of humanity.

Bitcoin IS the magna carta of code. There are no constitutional rights without the freedom to transact.

This explains why $1 invested in Bitcoin at its average cost of $0.007 in 2010 is today worth $22k/0.007 = $3.1 million. With all the central banks debasing their currencies, the value of a single Bitcoin should well exceed $1 million in the years ahead. Just as with peer-to-peer illegal file sharing, governments could never even come close to eliminating it because its decentralised. Instead, it survived then thrived.

Centralised systems failed because they were hacked, overleveraged, engaged in uncollateralized lending, or outright broke the law. FTX, Celcius, Three Arrows Capital, and LUNA among others all failed because they engaged in uncollateralized lending to risky counterparties. This is how the extremely high rates of interest could be achieved. But there is no free lunch. Offering such rates of interest took on levels of risk that came crashing down as the bear market took hold.

On-chain, smart contract, protocol-based cryptographic technology overcomes these problems by eliminating the middle men which require us to trust them. Trusted third parties are security holes. Indeed, at the same time centralised entities were imploding, DeFi protocols which lent to largely unknown counterparties, were fine.

At the base level, we have companies such as Aave, Compound, and Maker that force people to post collateral while enforcing aggressive risk controls. Smart contracts can be used to automate payments and transfer value which greatly reduces the cost and time it takes to make a payment, especially for cross-border transactions.

DeFi lending/borrowing: DeFi offers the best platform for lending or borrowing both crypto and real-world assets which opens new revenue streams while increasing access to capital for individuals and businesses. Real-world assets will be tokenized on-chain. One can also leverage with perpetual contracts that never expire. Interest is paid to the side with less demand, thus longs pay shorts when markets are trending higher and vice-versa. This system will exist in parallel with TradFi (traditional finance) systems.

DeFi growth: DeFi at present has a valuation that is minuscule compared to TradFi. The room for growth is massive. For this growth to continue along its S-curve, liquidity, UI (user interface), and transaction fees must be optimised.

a) DeFi growth- liquidity: Liquidity can be increased by using multiple chains, layer 2s, and liquidity pools. One will submit a trade through a platform that sources liquidity to get the best price with least slippage. Cross-chain bridges will become hack-proof by using zero-knowledge (ZK) protocols. Ethereum will be undergoing upgrades that include ZK protocols later this year. This will greatly increase liquidity.

b) DeFi growth- UI: UI must also become so seamless, the user does not even know they are utilising DeFi, much as AOL and Netscape made the internet easily navigable to tens of millions back in the mid-1990s. Metamask is used by millions but its UI can still be much improved as non-crypto users often find it intimidating; this prevents mass adoption. Further, there are security risks.

A logical solution might be an MPC-based wallet with superior UI as data can be shared in a distributed manner without any third parties and is end-to-end encrypted so no private information is ever revealed. Private keys are not stored in one place which removes single points of failure. Zero-knowledge proofs provide a secure and privacy-preserving way to confirm the validity of transactions without revealing any sensitive information about the parties involved or the details of the transaction. This is facilitated by cryptographic algorithms which make blockchain-based payments more secure and private, as it eliminates the need to trust intermediaries.

c) DeFi growth- fees: Fees currently are paid in ETH. Users should be able to pay fees in stablecoins such as USDC and USDT. A user can easily send stablecoins to their wallet to pay fees which removes the need to buy ETH at all to pay fees.

d) DeFi growth- fiat on-ramps: Fiat-to-crypto on-ramps need to be included in DApps (decentralised apps). Right now, there are no on-ramps where users can easily buy crypto at low fees. Governments may try to block this through regulation. I think that at worst, if centralised exchanges ended up preventing the transfer of assets to non-KYC decentralised wallets such as Metamask, many would KYC their metamask wallets. In countries where regulations kill DeFi due to unrealistic KYC requirements, DeFi will just populate those countries that dont carry such requirements.

If all governments banned DeFi, DeFi could still exist without KYC within the crypto space. In such a scenario, over time, crypto may fork away from fiat such that we have a black market of sorts where people transact purely in crypto away from plunging fiat as govts struggle to get control. Such a separate market could become a large part of the digital world once a substantial number of people join.

Heres a good take by the creator of Cardano on why decentralising identities for AML/KYC is key. Heres another solution where a self-sovereign decentralised ID can solve the AML/KYC issue for decentralised wallets with their website: https://www.nestprotocol.org/. The valuation of NEST rose in 2022, bucking the bear market.

The technologies that solve the above problems will enable mass adoption of DeFi as it is far more trustless, efficient, open, and global than TradFi.

Identity theft and breaches are becoming more common. Verizons email hacking statistics show that phishing attempts are responsible for 80% of malware infections and almost 95% of all espionage attacks. Facebook has also had many data breaches since it was launched; hackers use its platform for phishing scams.

A decentralised digital wallet on the blockchain can be used on a mobile to securely store your digital identity and credentials with encryption. This approach conceals data which greatly reduces the risk of credential tracking, hacks, and gaining unauthorised access to steal or monetize peoples data.

With a decentralised identity, passwords dont exist. Instead, cryptographic keys are used to authenticate users. Individuals own their own digital identity.

Fake diplomas are a billion-dollar industry. With DID, organisations can issue and verify fraud-proof credentials and documents instantly. Even back in the 1980s, there were approximately 5,000 fake doctors in the US. These numbers continue to rise.

With DID, applicants earn a digital certificate from the respective institution or university. Applicants looking for a job share their verifiable certificate stored on their digital wallets with the company. The company receives a QR code and simply scans it to instantly confirm that her certificate is authentic.

By contrast, the traditional, manual verification process would normally take weeks.

I first discussed it HERE. David Friedberg discussed its possibilities in his recent podcast HERE.

One can see how peer-to-peer decentralised systems can propel humanity by orders of magnitude. Over the next generation, we may look back on centralised systems of governance whether it be nation-states or corporations as relics of the past.

Of course, centralised systems will not let go of their power base willingly so expect the next significant ongoing war to be between centralised and decentralised systems. As digital valuations rise above traditional physical valuations, expect cyberwarfare to also be another major and ongoing war.

But due to the exponential growth of peer-to-peer decentralised networks which are outside of government control, expect these networks which are more efficient and economic to overtake centralised systems within the next decade or so. Stay tuned for my upcoming piece on network states which, in time, will co-exist or even replace traditional forms of government.

(:B :B)

Dr Chris Kacher, PhD nuclear physics UC Berkeley/record breaking KPMG audited accts in stocks & crypto/bestselling author/top 40 charted musician/blockchain fintech specialist. Co-founder of Virtue of Selfish Investing, TriQuantum Technologies, and Hanse Digital Access. Dr Kacher bought his first Bitcoin at just over $10 in January-2013 and contributed to early Ethereum dev meetings in London hosted by Vitalik Buterin. His metrics have called every major top & bottom in Bitcoin since 2011 to within a few weeks. He was up in 2018 vs the avg performing crypto hedge fund (-54%) [PwC] and is up well ahead of Bitcoin & alt coins over the cycles as capital is force fed into the top performing alt coins while weaker ones are sold.

Website 1 of 4: Virtue of Selfish Investing Crypto Reports

LinkedIn: https://www.linkedin.com/in/chriskacher/

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Company 1 of 3: TriQuantum Technologies: Hanse Digital Access

Twitter1: https://twitter.com/VSInvesting/

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A decentralised world brings economic efficiency, economic proficiency, stability, and peace of mind Part 2 - City A.M.

In the world of blockchain and cryptocurrency, two names stand out: Solana and Ethereum. Both of these blockchains have gained a significant amount of attention and adoption in recent years, and for good reason. Solana and Ethereum are two of the most advanced and innovative blockchain platforms on the market, each with its own unique set of features and capabilities. This article will take a dive into the differences between these blockchains.

To understand the differences between Solana and Ethereum, we first need to look at their respective technology and architecture. Solana was designed from the ground up to be a high-performance blockchain platform that can handle a large number of transactions per second. Solanas architecture is based on a unique combination of technologies, including a permissionless, proof-of-history (PoH) consensus mechanism, a Tower BFT consensus algorithm, and parallel processing.

Solanas PoH mechanism records the ordering of events in a verifiable way, which enables the platform to achieve high throughput without sacrificing security. The Tower BFT consensus algorithm enables nodes to reach consensus on the ordering of transactions, while parallel processing enables Solana to process multiple transactions simultaneously.

Ethereum, on the other hand, is based on a different architecture. It uses a virtual machine called the Ethereum Virtual Machine (EVM) to execute smart contracts, which are self-executing contracts that run on the blockchain. Ethereums architecture is based on a proof-of-work (PoW) consensus mechanism, which requires nodes to solve complex mathematical problems to add new blocks to the blockchain.

One of the main differences between Solana and Ethereums architecture is their approach to scaling. Solanas parallel processing and PoH mechanism enable it to achieve high throughput, while Ethereums PoW consensus mechanism is known for its energy-intensive nature, limiting its scalability. However, Ethereum is currently transitioning to a proof-of-stake (PoS) consensus mechanism, which is expected to reduce its energy consumption and increase its scalability.

One of the most critical factors in blockchain technology is scalability, the ability to handle a large number of transactions per second (TPS) without sacrificing security. Solana and Ethereum have taken different approaches to achieve scalability, each with their own benefits and limitations.

Solanas architecture is designed to maximize scalability, and the platform is capable of handling up to 65,000 TPS. Solanas parallel processing enables the platform to process multiple transactions simultaneously, which significantly increases its throughput. Additionally, Solanas PoH mechanism ensures that the platform can maintain high throughput without sacrificing security or decentralization.

Ethereums scalability, on the other hand, has been a long-standing issue. The platforms PoW consensus mechanism has limited scalability, as it is energy-intensive and requires significant computing resources. However, Ethereum is in the process of transitioning to a PoS consensus mechanism called Ethereum 2.0, which is expected to increase the platforms scalability and reduce its energy consumption.

In addition to throughput, another critical factor in scalability is network congestion. When a blockchain platform becomes congested, it can result in slower transaction times and higher transaction fees. Both Solana and Ethereum have experienced network congestion in the past, but Solanas parallel processing and PoH mechanism have enabled it to handle congestion better than Ethereum. Ethereum, on the other hand, has experienced network congestion during periods of high usage, resulting in slower transaction times and higher fees.

The consensus mechanism is a critical component of any blockchain platform. It is the mechanism by which nodes in the network agree on the state of the blockchain. Solana and Ethereum use different consensus mechanisms, each with its own benefits and limitations.

Solana uses a unique consensus mechanism called Proof of History (PoH). PoH is a timestamp-based mechanism that provides a verifiable and auditable record of the ordering of events in the blockchain. PoH enables Solana to achieve high transaction throughput without sacrificing security or decentralization. Additionally, Solana uses a Tower Byzantine Fault Tolerance (BFT) consensus algorithm, which enables nodes to reach a consensus on the ordering of transactions.

Ethereum, on the other hand, currently uses a proof-of-work (PoW) consensus mechanism, which requires nodes to solve complex mathematical problems to add new blocks to the blockchain. PoW is known for its energy-intensive nature, which limits its scalability. However, Ethereum is in the process of transitioning to a proof-of-stake (PoS) consensus mechanism called Ethereum 2.0, which is expected to reduce its energy consumption and increase its scalability.

PoS works by using a stake-based mechanism where nodes that hold a certain amount of cryptocurrency, also known as a stake, are chosen to validate transactions and add new blocks to the blockchain. PoS is considered more energy-efficient than PoW, as it requires less computing power to validate transactions.

While Solana and Ethereums consensus mechanisms are different, they share a common goal: to provide a secure and decentralized network. Solanas PoH and Tower BFT consensus algorithms enable it to achieve high throughput while maintaining security, while Ethereums PoW and upcoming PoS mechanisms provide a decentralized way of adding new blocks to the blockchain.

Choosing between Solana and Ethereum depends on the specific needs of each application. Solanas PoH mechanism and Tower BFT consensus algorithm make it a strong choice for high-performance and low-latency applications, while Ethereums smart contract capabilities and upcoming PoS mechanism make it a strong choice for decentralized applications that require a more flexible programming environment.

Smart contracts are self-executing contracts that run on a blockchain platform. They enable the creation of decentralized applications (DApps) that can operate autonomously and securely without the need for intermediaries. Ethereum is widely recognized as the leading platform for building DApps, thanks to its smart contract capabilities. However, Solana is quickly emerging as a competitor in this space.

Ethereums smart contract capabilities enable developers to build complex DApps on the blockchain. Ethereums smart contracts are written in a programming language called Solidity, which is specifically designed for building smart contracts. Solidity is a high-level language that is easy to learn and use, making it accessible to a wide range of developers. Additionally, Ethereums smart contracts are compatible with a wide range of tools and libraries, making it easy for developers to build and deploy DApps on the platform.

Solana, on the other hand, uses a programming language called Rust for its smart contracts. Rust is a systems programming language that is known for its performance and security. While Rust is not as widely used as Solidity, it has a growing community of developers who are familiar with the language. Additionally, Solanas smart contract capabilities are designed to be highly performant, making it an attractive option for DApps that require high throughput and low latency.

A blockchain platforms ecosystem and community are essential factors to consider when evaluating a platforms suitability for building DApps. A thriving ecosystem and community provide developers with the tools, resources, and support they need to build successful applications on the platform.

Ethereum has a well-established ecosystem and community that has been growing since the platforms inception in 2015. Ethereums ecosystem includes a wide range of tools and libraries that enable developers to build and deploy DApps on the platform. Additionally, Ethereum has a robust community of developers who actively contribute to the platforms development, including the development of new protocols, tools, and libraries.

Solanas ecosystem is less established than Ethereums, but it is rapidly growing. Solana has been gaining popularity among developers due to its high-performance capabilities and low-latency smart contracts. Additionally, Solana has been making significant investments in its ecosystem, including the creation of the Solana Foundation, which provides funding and support for developers building on the platform. Solanas community is also growing rapidly, with a growing number of developers contributing to the platforms development and building new tools and applications on the platform.

When it comes to the community, both Solana and Ethereum have active and engaged developer communities. Ethereums community is more mature and has a broader range of developers contributing to the platforms development. Solanas community is younger but growing fast, with a focus on high-performance and low-latency applications.

Tokenomics is the study of a blockchain platforms economic model and the incentives it provides to its users. Vital to the respective ecosystems of both Solana and Ethereum, are their respective native tokens that have an indispensable role.

Solanas native token is called SOL, and it is used to pay for transaction fees and participate in the platforms governance. SOL has a fixed supply of 500 million tokens, and it is used to reward validators for participating in the network. Additionally, SOL is used to fund development on the platform, including the creation of new applications and protocols.

Ethereums native token is called Ether (ETH), and it is used to pay for transaction fees and participate in the platforms governance. ETH has a variable supply, with no fixed maximum limit. Ether is also used to fund development on the platform, including the creation of new applications and protocols.

Both SOL and ETH play an important role in their respective platforms ecosystems, providing incentives for users to participate in the network and contributing to the overall health and growth of the platforms. Additionally, both platforms have a thriving ecosystem of decentralized applications and protocols that use their respective tokens.

Both Solana and Ethereum have seen significant adoption in recent years, with a growing number of developers and businesses using their respective platforms for a wide range of applications. Ethereum has seen widespread adoption as the leading platform for building decentralized applications, or DApps.

Ethereums smart contract capabilities enable the creation of a wide range of DApps, including decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and gaming applications. Additionally, Ethereums ecosystem includes a wide range of tools and resources that enable developers to build and deploy DApps on the platform.

Solana is a newer platform, but it is quickly gaining popularity among developers and businesses. Solanas focus on high-performance and low-latency applications has made it an attractive option for developers building applications that require fast transaction processing and scalability. Additionally, Solanas ecosystem is growing rapidly, with a growing number of tools and resources available for developers building on the platform.

Both Solana and Ethereum have seen adoption in a wide range of use cases beyond DApps. For example, Solana has been used for gaming applications, while Ethereum has been used for supply chain management and identity verification applications.

Solana and Ethereum are two of the most advanced and innovative blockchain platforms available today. Both platforms have their own unique set of features, capabilities, and limitations that make them suitable for different use cases. Solanas focus on high-performance and low-latency applications, combined with its unique consensus mechanism, makes it an attractive option for developers who require fast transaction processing and scalability. Ethereums well-established ecosystem, broad developer community, and smart contract capabilities make it a strong choice for developers who require a more flexible programming environment. Ultimately, the choice between Solana and Ethereum comes down to the specific needs of each application.

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Solana vs Ethereum: How to Choose One With Better Features and ... - Cryptopolitan

Grupo Pro Arte y Cultura Announces Winners of the 2022 Mayte Spnola Gold Medals on the WISe.ART Platform and showcased in Times Square in NYC

Click here to see the video: https://www.youtube.com/watch?v=SzzxsubqkLw

New York / Madrid March 16th, 2023: WISeKey International Holding Ltd. (WISeKey) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain, and IoT company, in partnership with Grupo Pro Arte y Cultura, announced today the winners of the 2022 Mayte Spinola Gold Medals through the WISe.ART platform, showcased in Times Square. The ceremony will take place on June 13, 2023.

Mayte Spnola founded The Pro Arte y Cultura Group in 1990. Over the past few years, she has been presenting awards to recognize the works of outstanding people in fields such as culture, art, technology and solidarity.

This year, the medal ceremony will be combined with NFTs minted on the WISe.ART platform, the Entrusted Next-Gen NFT Marketplace secured by WISeKey technology that guarantees an authenticated and signed version of the actual digital asset, providing proof of ownership, provenance and a set of terms and conditions of smart contracts that describe future usage and monetization streams.

WISeKey's innovative security technologies enable the authentication of phygital assets in a secure end-to-end process, proven by its 20-year experience and work in this domain. The trust is enabled by the OISTE/WISeKeys Swiss based cryptographic Root of Trust (RoT).

The Mayte Spnola 2022 Gold Medals have been awarded, in their VIII edition, by a panel chaired by Mayte Spnola, and made up of:

The Medals, which will be delivered at the Hacienda de San Antonio, Valencia, owned by Antonio Snchez de Len y Cotoner, on June 13, 2023, have been awarded to:

About WISeKey: WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey Microprocessors Secures the pervasive computing shaping todays Internet of Everything. WISeKey IoT has an install base of over 1.6 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

About WISe.ART: WISe.ART is a fully-fledged marketplace. It can connect all actors of the arts industry. Our white-labeling options and special NFT designs ensure that besides an authenticated and signed version of the actual digital asset, creating an irreversible link to the physical object, providing proof of ownership, provenance, and a set of smart contracts describing future use and monetization streams.

The WISe.ART NFT platform is fully secured by WISeKeys innovative security technologies enabling the authentication of digital assets, in a safe end-to-end process based on our experience and proven expertise in this domain.

Disclaimer: This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

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Grupo Pro Arte y Cultura Announces Winners of the 2022 Mayte ... - GlobeNewswire

PancakeSwap, the decentralized exchange platform, is launching a new version of Binance Smart Chain, featuring more competitive fees, improved liquidity, and a reward campaign.

PancakeSwap, the decentralized exchange platform, has recently announced that it is rolling out a new version of its application on the Binance Smart Chain (BSC). The upgrade includes more competitive trading fees, improved liquidity provisioning, and other new features. The move is part of PancakeSwaps continuous efforts to improve its features and make it easier for users to access its platform.

As part of the launch campaign, PancakeSwap also offers users $135k of its CAKE token. The campaign will last until April 3rd, 2023 at 12:00 UTC. Additionally, those providing liquidity to the exchange will receive a special NFT as a symbol of loyalty. The NFT, however, cannot be sold, which incentivizes users to continue providing liquidity to the platform.

You can learn more about the details by visiting their press release.

The PancakeSwap V3 upgrade comes when decentralized exchanges are growing in popularity despite still reeling from the effects of major crypto collapses like the FTX and Terra debacle.

PancakeSwap V2 is currently the fourth most popular choice among decentralized exchanges, with around $84 million in trading volume. Decentralized exchanges are a type of cryptocurrency exchange that operates on a decentralized network, meaning there is no central authority or intermediary involved in the exchange process.

One of the main benefits of decentralized exchanges is that they offer greater privacy and security for users. Unlike centralized exchanges, where users need to deposit funds and trust a third party to hold their assets, decentralized exchanges allow users to retain full control of their private keys and keep their funds in their own wallets. This is particularly important for users who are concerned about the security of their assets and who want to maintain control of their funds.

Decentralized exchanges also offer greater accessibility, as they can be used by anyone with an internet connection and a compatible wallet. This is particularly important for users in countries with limited access to traditional banking services, who may not have access to centralized exchanges.

The growth of decentralized exchanges has been fueled by the increasing demand for decentralized finance (DeFi) applications. DeFi applications are designed to provide traditional financial services using blockchain technology, which eliminates the need for intermediaries and allows users to have greater control over their financial assets.

The launch of PancakeSwap V3 on Binance Smart Chain is an exciting development for the decentralized exchange ecosystem. It offers users more choices and improved features and is likely to attract more users to the platform. As more users discover the benefits of decentralized exchanges, it will be interesting to see how this sector continues to evolve and grow.

PancakeSwaps new version is a positive development for the decentralized exchange ecosystem. It is expected to provide more options and opportunities for users to trade and participate in the DeFi ecosystem.

Along with the added improvements in the platforms features, we can expect further growth and innovation in the decentralized exchange space in the coming months and years.

Edmond is a passionate writer for Video games, GameFi and Web3. He has worked for top GameFi companies and video game/crypto news websites.

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PancakeSwap Unveils Upgraded Version On Binance Smart Chain - Blockzeit

Creating a WebSockets subscription to Ethereum and Binance Smart Chain using ethers.js can be useful for developers for several reasons, including scalability and easier integration.

Using NOWNodes to create WebSockets subscriptions to blockchain networks is a common practice. Javascript libraries such as ether.js have been a popular framework for WebSockets development.

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WebSockets subscription is similar to an Event Listener in Javascript. There are several reasons why an Event Listener is essential. This article illustrates creating simple BSC WebSocket and Ethereum websocket subscriptions to popular Blockchain networks like Ethereum and Binance Smart Chain.

Why create a Javascript WebSockets subscription

Javascript WebSockets subscription is either the Ethereum blockchain or the Binance Smart Chain is important for several reasons. Below are some of the reasons to develop a WebSockets subscription.

WebSockets are communication protocols that enable real-time, two-way communication between a client (such as a web browser) and a server. It provides a persistent connection between the client and server, sending and receiving real-time data.

Constant communication is often established through Websockets API. The WebSockets API provides methods for opening and closing connections, sending and receiving data, and handling errors and events. WebSockets offer a powerful and flexible way to enable real-time communication between client-side and server-side applications. They have become essential for building modern web applications crucial for blockchain and web 3 development.

Platforms like NOWNodes provide more straightforward ways to establish such connections, making it much easier to alleviate the need for a technical developer team. Below is a step-by-step guide on importing the ethers.js library and developing WebSockets subscription to the Ethereum blockchain network and Binance Smart Chain.

How to import ethers.js library and create WebSockets subscription

To use the Ethers.js library, first of all, you need to learn how to install ethers. npm install ethers Then you can import it using the code below.

const { ethers } = require("ethers");

After importing, you create a provider instance directly connecting to the preferred blockchain network. In this case, either the Ethereum blockchain or the Binance Smart Chain. Below is the line of code to create the required connection using NOWnodes.

const provider = new ethers.providers.WebSocketProvider("'wss://bsc.nownodes.io/wss/YOUR_API_KEY');

It is important to note that you'll be required to replace YOUR_API_KEY with your actual NOWNodes API key in development.

Subsequently, create a contract instance using the below line of code.

const contractAddress = "0x..."; // The contract address you want to interact with

const abi = [...] // The ABI of the contract

const contract = new ethers.Contract(contractAddress, abi, provider);

Next, you should create a subscription to an event emitted by the contract. To do so, you'll need to implement the code line below.

contract.on("EventName", (arg1, arg2, event) => {

console.log("Event received:", arg1, arg2);

});

Important Notes:

Below is the code for WebSockets that connect to the Binance Smart Chain blockchain network using the NOWNodes node provider.

const { ethers } = require('ethers')

const url = 'wss://bsc.nownodes.io/wss/YOUR_API_KEY'

const EXPECTED_PONG_BACK = 15000

const KEEP_ALIVE_CHECK_INTERVAL = 7500

const startConnection = async () => {

const provider = new ethers.providers.WebSocketProvider(url, {

name: 'binance',

chainId: 56,

})

let pingTimeout = null

let keepAliveInterval = null

provider._websocket.on('open', () => {

console.log('Connect')

keepAliveInterval = setInterval(() => {

console.log('Checking if the connection is alive, sending a ping')

provider._websocket.ping()

// Use WebSocket#terminate(), which immediately destroys the connection,

// instead of WebSocket#close(), which waits for the close timer.

// Delay should be equal to the interval at which your server

// sends out pings plus a conservative assumption of the latency.

pingTimeout = setTimeout(() => {

provider._websocket.terminate()

}, EXPECTED_PONG_BACK)

}, KEEP_ALIVE_CHECK_INTERVAL)

})

provider._websocket.on('close', () => {

console.error('The websocket connection was closed')

clearInterval(keepAliveInterval)

clearTimeout(pingTimeout)

startConnection()

})

provider._websocket.on('pong', () => {

console.log('Received pong, so connection is alive, clearing the timeout')

clearInterval(pingTimeout)

})

provider.on('block',(block)=>{

console.log('New block!', block)

})

}

startConnection()

Some advanced features of ethers.js for creating Ethereum/BSC WebSockets

Ethers.js provides a variety of advanced features for creating Ethereum WebSocket and BSC websocket subscriptions. Here are a few examples:

You can filter events based on specific parameters using the `ethers.utils` library. For example, to filter for a specific token transfer event, you could use the following code:

const filter = {

address: contractAddress,

topics: [ethers.utils.id('Transfer(address,address,uint256)')],

fromBlock: 'latest'

};

const logs = await provider.getLogs(filter);

If the WebSockets connection is lost, Ethers.js will automatically attempt to reconnect to the Ethereum node. You can also configure the number of reconnection attempts and the delay between attempts using the WebSocketProvider options.

For instance, to configure the WebSockets provider to retry every 5 seconds for up to 10 times, you could use the code below:

const options = {

reconnect: {

maxAttempts: 10,

delay: 5000

}

};

const provider = new ethers.providers.WebSocketProvider('wss://bsc.nownodes.io/wss/YOUR_API_KEY');

This code creates a reconnect object in the provider options that specifies the maximum number of attempts and the delay between attempts.

Using the provider, you can send multiple requests to an Ethereum node in a single batch.send() method. This can help reduce latency and improve performance. For instance, to retrieve the balances of multiple accounts in a single batch, you could use the following block of code:

const requests = [

{ method: 'eth_getBalance', params: ['0x123...', 'latest'] },

{ method: 'eth_getBalance', params: ['0x456...', 'latest'] },

{ method: 'eth_getBalance', params: ['0x789...', 'latest'] }

];

const results = await provider.send('eth_batch', requests);

What you get with NOWNodes service:

NOWNodes offers three paid plans, pro, business, and enterprise. It also provides a FREE plan suitable for small projects.

Start: FREE/ 100,000 requests per month + 1 API key and access to 5 nodes.

Pro: 20 / 1,000,000 requests per month + up to 3 API keys and access to all nodes Business: 200 / 30,000,000 requests per month + up to 25 API keys and access to all nodes.

Enterprise: 500 / 100,000,000 requests per month + up to 100 API keys and access to all nodes.

Conclusion

For several reasons, creating WebSockets with platforms such as NOWNodes can be important for maintaining high-security levels, constant uptime, and interoperability. Using the code snippet above, you can establish BSC WebSocket and Ethereum WebSocket using Ethers.js. The resulting WebSockets subscription would ensure Real-time communication, enhanced security, and scalability to ensure the growth of Web 3 projects.

Media Contact Company Name: NOWNodesEmail: Send EmailCountry: EstoniaWebsite: https://nownodes.io/

More here:

How to Create javascript WebSockets Subscriptions to Ethereum and Binance Smart Chain through ethers.js? - Benzinga

From identifying new investment opportunities to gaining a deeper understanding of the crypto ecosystem, there are many perks that come with sticking with BSC News.

BNB Chain is quickly becoming one of the most popular blockchain networks for decentralized finance (DeFi) applications, and as such, investors need to stay informed about the latest news and trends related to this network.

Here are a few reasons why staying up-to-date with BSC news is so important:

As more and more projects launch on BSC, investors need to know which ones are worth their time and money. By following BSC news sources, you can stay up-to-date on new project launches and token listings, allowing you to make informed investment decisions.

As with any blockchain network, BSC is constantly evolving and changing. By staying informed about updates to the network, you can ensure that you're taking advantage of new features and optimizations that could benefit your investments.

By keeping an eye on BSC news sources, you can also stay informed about potential risks to your investments. For example, if a new project on BSC is found to be a scam or a security risk, you can take steps to protect your funds before it's too late.

BSC is home to a rapidly growing ecosystem of DeFi applications and projects. For example, you might learn about a new yield farming protocol or a promising new decentralized exchange like biticodes that you can invest in early.

Finally, staying up-to-date with BSC news can help you gain a deeper understanding of the BSC ecosystem as a whole. By following news and analysis from reputable sources, you can learn more about how BSC works, what its strengths and weaknesses are, and how it fits into the broader crypto landscape.

One great source is Bsc.news, a website dedicated to providing up-to-date news and analysis on everything related to BSC. The site covers everything from new project launches and token listings to network updates and market trends, making it a one-stop shop for all your BSC news needs.

In addition to Bsc.news, you can also follow BSC-related social media accounts, such as those run by the Binance team, to stay informed about the latest news and developments. By staying up-to-date with BSC news, you'll be better equipped to make informed investment decisions and stay ahead of the curve in the fast-paced world of cryptocurrency.

Therefore, staying informed about the latest BSC news is essential for any crypto investor looking to stay ahead of the curve. By following reliable news sources like Bsc.news, you can stay up-to-date on new projects, network updates, market trends, and more. This can help you make more informed investment decisions, identify potential risks, and discover new opportunities for growth and profit in the exciting world of crypto.

Now that we've established why it's important to stay informed about BSC news, let's talk about how you can do it. Here are a few tips to help you stay on top of the latest developments:

As mentioned earlier, Bsc.news is a great source of BSC news and analysis. Follow BSC-related social media accounts: In addition to Bsc.news, you can also follow BSC-related accounts on social media platforms like Twitter and Telegram. These accounts can be a great source of real-time updates and news, as well as community-driven insights and analysis.

By joining BSC-related communities on platforms like Reddit or Discord, you can stay informed about the latest news and developments while also connecting with like-minded individuals. Due to the global pandemic, many BSC-related events have gone virtual. Attending these events can be a great way to learn about new projects and network updates directly from the source. Keep an eye out for virtual events hosted by the Binance team or other reputable organizations.

By using these strategies, you can stay informed about the latest BSC news and trends, allowing you to make more informed investment decisions and stay ahead of the curve in the fast-paced world of crypto.

It is important for crypto investors to remember to do their own research before making any investment decisions. While staying informed about the latest news and trends can be helpful, it's also important to take the time to thoroughly investigate any project or token you're considering investing in. This includes researching the team behind the project, analyzing the project's whitepaper, and checking for any red flags or warning signs. By combining your own research with the latest BSC news and trends, you can make more informed investment decisions and minimize your risk in the volatile world of cryptocurrency.

Subscribing to Bsc.news can provide numerous benefits for BNB Chain investors. By subscribing to their newsletter, investors can receive regular updates on new project launches, token listings, network updates, and market trends. This information can help investors make informed decisions about their investments, identify potential risks, and discover new opportunities for growth and profit in the fast-paced world of crypto.

Additionally, Bsc.news provides in-depth analysis and expert insights on the BSC ecosystem, giving investors a deeper understanding of how it works, its strengths and weaknesses, and how it fits into the broader crypto landscape.

Overall, subscribing to Bsc.news can be an excellent way for investors to stay up-to-date with the latest BSC news and trends, allowing them to make more informed investment decisions and stay ahead of the curve in the ever-evolving world of cryptocurrency.

In conclusion, staying informed about the latest Binance Smart Chain (BSC) news is essential for any cryptocurrency investor who wants to stay ahead of the curve. From identifying new investment opportunities and potential risks to gaining a deeper understanding of the BSC ecosystem, keeping up with the latest news and trends is vital for making informed decisions.

Fortunately, there are several ways to stay up-to-date with BSC news, such as bookmarking Bsc.news, following BSC-related social media accounts, joining BSC-related communities, and attending virtual events.

It's also about staying engaged with the vibrant and growing community of investors, developers, and enthusiasts who are driving innovation on this exciting blockchain network. So don't hesitate to get involved and stay informed about the latest BSC news and trends.

More:

The Importance of Staying Up-to-Date with the Latest BSC News for ... - BSC NEWS

A hack has cost Poolz Finance around $390,000 on the Binance Smart Chain and Polygon, PeckShield spotted on Wednesday.

The blockchain security company noted that the hack could have occurred due to an arithmetic overflow issue.

According to PeckShield, the initial analysis points towards an arithmetic overflow issue with Poolz Finance. In computer science, it is an issue of a larger operation yield against the relatively smaller storage system. Meanwhile, PeckShield identified a repeat pattern by the same sender on the Token Vesting contract.

The source in Solidity states,

Arithmetic operations in Solidity wrap on overflow. This can easily result in bugs, because programmers usually assume that an overflow raises an error, which is the standard behavior in high level programming languages.`SafeMath` restores this intuition by reverting the transaction when an operation overflows.

Blockchain vigilante Bythos was the first to identify and tweet about the issue to PeckShield.

Poolz is a cross-chain decentralized IDO platform. Its infrastructure allows crypto projects with funding before they go public. However, its POOLZ token has taken a hit of over 95% in the past day alone.

POOLZs current price of $0.19 is more than 99% lower than its all-time high. Nearly two years back, in April 2021, POOLZ hit a peak price of $50.89.

On March 13, the decentralized finance (DeFi) protocol Euler Finance underwent an exploit.BeInCrypto reportedon the day that hackers stole over $195 million from the platform in a flash loan attack.

Following this, Euler sent an on-chain message to the hacker. They said, If 90% of the funds are not returned within 24 hours, tomorrow we will launch a $1M reward for information that leads to your arrest and return of all funds.

The hackers have reportedly moved the money from the protocol to two new accounts. The wallets were heavily loaded with DAI stablecoins and Ethereum (ETH).

In February, Platypus lost over $8.5 million in a flash loan attack. According to a report by Chainalysis, 2022 lost $3.8 billion worth of cryptocurrency, making it the biggest year for hacking. The bulk of this money came from DeFi protocols.

According to David Schwed, Chief Operating Officer of blockchain security firm Halborn, these are based on a web2 attack pattern. In a conversation with Chainalysis, he said, A lot of the hacks that were seeing arent necessarily web3-focused, key exfiltration attacks. Theyre traditional web2 attacks that have web3 implications.

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.

Read more from the original source:

Poolz & Euler Hit With Back-to-Back DeFi Exploits Totaling $2.3M - BeInCrypto

interoperability concept with icon set

getty

With so many blockchains being developed with seemingly similar value propositions, many people are starting to wonder which one will emerge victorious and leave the others in its wake.

However, that may not be the right way to look at the landscape. In fact, it has become common in the industry to say that there is going to be more than one winner. After all, blockchains have important differences such as the amount of time it takes to process a transaction and how much it costs to use. One network could be ideal for an NFT purchase, while another is the best way to send money to your aunt around the world. However, unless you plan on setting up specific wallets for every blockchain, which could quickly become unwieldy, there must be a way for all these networks to talk to each other. Blockchains cannot be data silos. This is where interoperability comes in.

Blockchain interoperability is the idea of enabling distinct blockchain networks to interact and integrate, communicating seamlessly to allow for the sharing of data between chains. Are the fees too high on EthereumETH? Switch over to a Layer 2 protocol like PolygonMATIC or a competing network such as AlgorandALGO; if thats running slow, hop over to SolanaSOL. The dream is to be able to move freely between blockchains as easily as we switch between internet tabs today.

There have already been early successes in blockchain interoperability. Take, for example, wrapped bitcoin (wBTC). As DeFi started to grow many bitcoin hodlers were looking for a way to generate yield on their holdings. Just like everyone else, they wanted to make their money work for them. They got the solution in January 2019 with the launch of wBTC, a token running on top of Ethereum that is pegged 1:1 with BitcoinBTC. Today, wBTC can be found throughout Ethereums DeFi ecosystem deployed in decentralized lending pools, earning yield farming revenue (which can vary depending on the protocol) or posted up as loan collateral. Its market capitalization is $3.4 billion, amounting to about a little less than 1% of the total bitcoin market cap.

wBTC is an example of a bridge, where a user locks up an asset in either a smart contract or with a centralized custodian/issuer and receives a token on a new blockchain that represents the original asset. wBTC is not the only example of a Bitcoin/Ethereum bridge. RenBTC is another that is completely smart-contract based. wBTC is issued on a 1:1 basis by a consortium that includes BitGo.

But that is just the beginning.

Some blockchains share a common set of DNA so that they are compatible with each other. For instance, many networks have integrated the Ethereum Virtual Machine (EVM), which is essentially the open source recipe that sets the rules for changing a blockchain from state to state (i.e. adding a new block). It comprises the rules run by every node on Ethereum so that they know how to process transactions.

However, any blockchain can integrate the EVM into its operations. This makes it simple for prominent applications such as decentralized exchanges to move from one blockchain to another. Some platforms that offer EVM compatibility are Binance Smart Chain, Tron and Polygon (formerly MATIC). As an example, prominent Uniswap-clone SushiSwap has integrated with both Polygon and Binance Smart Chain. This way, their clients can use the same application on the platform of their choosing.

Finally, there are blockchains being formed with interoperability in their DNA. For example, PolkadotDOT is an open source platform building cross-chain bridges to enable transfers of data, assets and even smart contracts across blockchains. Another leading interoperability project, CosmosATOM, is focused on building an ecosystem of interconnected apps and services communicating through its inter-blockchain communication protocol.

Forbes is a bona fide news publication, not an investment advisor, registered broker-dealer, or exchange, and nothing in this publication should be construed as investment advice, research, or investment advisory services. Forbes site is not tailored to a specific readers or prospective readers current or future investment portfolio, investment objectives, or other needs. The content provided in this publication is for informational purposes only. No part of this publication should be construed as a solicitation, offer, opinion, endorsement, or recommendation by Forbes to buy or sell any security, investment, cryptocurrency, or digital good or property in the metaverse. You should consult your legal and tax advisors before making any financial decisions.

I am director of research for digital assets at Forbes. I was recently at Kraken, a cryptocurrency exchange based in the United States. Before joining Kraken I served as Chief Operating Officer at the Wall Street Blockchain Alliance, a non-profit trade association dedicated to the comprehensive adoption of cryptocurrencies and blockchain technologies across global markets. Before joining the WSBA, I was the Lead Associate within the Emerging Technologies practice at Spitzberg Partners, a boutique corporate advisory firm that advises leading firms across industries on blockchain technology. Previously I was Vice President/Lead Strategy Analyst at Citi FinTech, where I drove strategic and new business development initiatives for Citigroups Global Retail and Consumer Bank business across 20 countries. I also served five years as a Senior Intelligence Analyst at Booz Allen Hamilton supporting the U.S. Department of Defense. I have a B.S. in Business Administration from the Tepper School of Business at Carnegie Mellon University and a M.A. in International Affairs from Columbia University's School of International and Public Affairs. Additionally, I am a Certified Information Privacy Professional (United States, Canada, and the European Union) and a Certified Information Privacy Technologist at the International Association of Privacy Professionals (IAPP).

See the article here:

Blockchain Interoperability: The Tab Switching Of Web 3.0 - Forbes

No crypto trader needs to be warned about the perils of trading in the coin market. The coin market is too unpredictable, and surprising price moves constantly happen. Thats why you need to find effective ways to secure your capital. But its easier said than done.

A proven way for traders to protect their capital is through informed purchases. Dont buy any crypto token just because of a hunch or because someone told you to do so. Do adequate research about each digital asset. Learn what makes them stand out and why others would be interested in the project. If youre discouraged about researching through the tons of information on the coin market, weve handled it for you. This piece will reveal how Decentraland, Binance coin, and Dogetti(DETI).

If you thought youd had enough dog-themed crypto tokens, think again. Dogetti (DETI) is coming to change the impression of the coin market about dog-themed tokens. Rather than the regular dog-themed approach, Dogetti adopts a mafia touch. This meme coin intends to create a family of users. They believe long-term success is achievable by creating a strong sense of ownership and belonging in the project.

The Dogetti team has clearly stated their intentions to make this project the top DOGE in the meme sector. But this will not be an easy feat. They have created a project with an evolving DeFi ecosystem to achieve this. The goal of Dogetti is to transfer wealth to family members. Dogettis innovative ecosystem will include three major projects DogettiDAO, DogettiSwap, and DogettiNFTs. Each has been set up to offer users active involvement in crypto-related matters and reward them too.

Decentraland is an innovative project whose ability to fight off heavy losses is remarkable. Decentraland has been able to achieve an excellent position for itself in the coin market because of its unique selling point. This crypto token will allow users to purchase digital land and enjoy metaverse-like features.

The purchase process on this platform is quite simple. Decentraland users can communicate and interact in the digital universe. They are also offered the creative freedom to edit their digital plots.

Before Binance coin, many crypto experts claimed that it would be difficult for the native token of a crypto trade platform to be one of the most significant digital assets in the coin market. This theory held for many years because no native token of top crypto platforms had the firepower to push to the top of the coin market. Binance coin was able to break through this stereotype because of the innovativeness of its development team.

When Binance coin (BNB) was created, it was solely designed to support the transactions in its parent platform. It didnt take long before BNB was adopted to pay gas fees on Binance. However, there was one major problem. This cryptocurrency was gradually becoming slower. Because it relied on Ethereums blockchain, Binance coin charged exorbitant rates for each transaction. This slowed down activities on its parent platform and discouraged people from using it.

It didnt take long before Binance coins developers thought of a new solution to their problem. They created their blockchain to process transactions. They called this blockchain Binance Smart Chain. There are numerous benefits of the BSC. It allows transactions to be processed faster and at less cost than Ethereum. This opened up the floodgates for people to use BNB as a reliable means of sending and storing value. Whats more? The Binance Smart Chain allows developers to host other projects on it.

If you believe in Dogetti, you can join its presale or learn more about it on its website:

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

Continued here:

Buy Dogetti, Decentraland, and Binance Coin To Avoid Heavy ... - NewsWatch

Many exchange platforms have their own exclusive coin or token. An example of this is Binance Coin (BNB) created by the makers of Binance. BNB is bought and sold on the platform and used for trading fees. CryptoUnity has its own token too, named CUT. Its an important part of our platform and allows our users to benefit from holder rewards.

Lets take a look at what CUT is, what it does, and how it works.

The CUT token built on the Binance Smart Chain and serving as CryptoUnitys native asset is a utility token created with specific functions in mind. Buyers can purchase or sell it through our platform but those who decide to hold their CUThave plenty of extra advantages. Lets explore some of these benefits.

When trading on our exchange, CUT holders can enjoy a reduced commission fee. The more CUT they hold, the smaller the commission fees, providing them with greater returns from their investments. As a CUT holder, youre in a much better position to maximize your profits.

Are you curious about Initial Coin Offerings (ICOs)? These are opportunities where a brand-new cryptocurrency is released before it hits any exchanges. CUT holders will have exclusive access to upcoming ICOs on our Research Launchpad. It means if youre a CUT holder, you can get your hands on the best deals first!

We believe that education is the key to a successful crypto journey. Thats why CUT holders will also be able to unlock advanced courses and gain access to exclusive events hosted by CryptoUnity. These events, which include tutorials, workshops, webinars, and seminars, provide insight into the world of crypto trading, and are an invaluable resource for those who are just getting started.

NFTs, also known as Non-Fungible Tokens, are digital assets that can be bought, sold, and traded. An example of an NFT is a crypto art piece digital artwork that can be bought and sold on the blockchain. CryptoUnity allows CUT holders to create their own NFTs, including buying and selling them on the platform.

Holders will receive 2 % of every trade or purchase. This means youll be rewarded for holding CUT. So, the longer you hold it, the more youll be rewarded.

Airdrops, bounty hunts, and crypto giveaways are popular events where tokens are handed out for free to participants. CryptoUnity holds these events regularly, and as a valued CUT holder, you can join them all.

So, there you have it a quick introduction to CryptoUnitys CUT token and how it can benefit you as a holder. As you can see, there are plenty of incentives for holding CUT. Lower commission fees, participating in ICOs, access to workshops, the ability to create and buy/sell NFTs, passive rewards, airdrops and giveaways is only the beginning. CUT really helps you get the most out of CryptoUnity!

As our platform grows and develops, we plan to introduce even more benefits to CUT holders. We want to reward everyone who supports us, and CUT is our way of saying thank you. So what are you waiting for? Get your CUT and join the CryptoUnity movement!

Originally posted here:

All About CryptoUnitys CUT Token What Is It and How Does It Work? - Coinpedia Fintech News