Category: Tokens

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Crypto News DeFi Tokens

Decentralized Finance (DeFi) tokens are back on the rise

After surging over the summer and crashing in September 2020, decentralized finance (DeFi) tokens are back on the rise. Since December 1st 2020 Uniswap (UNI), Aave (AAVE), Synthetix (SNX), MakerDAO (MKR), SushiSwap (SUSHI), and Curve (CRV) have all outperformed ETH and BTC. 

Source: CoinMetrics.io

DeFi development has been progressing rapidly since Q4 2020. Synthetic recently announced the initial steps of an integration with the Optimistic Virtual Machine (OVM), a new solution to help with scalability and reduce Ethereum transaction fees. Yearn.finance (YFI) is working on V2 of their platform and recently released an updated version of their vaults. And the Uniswap team is hard at work on Uniswap V3, which is rumored to improve slippage and potentially address high transaction fees. Uniswap trading volume has surged in early 2021 (as seen in the below chart) to similar levels as September 2020.

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Cryptocurrencies Investing Tokens

Blockchain Platform Launches NFTs That Are Meant To Act Like Bonds

Telos, a blockchain development platform who have been exploring new and innovative solutions for the application of blockchain tokens, have come up with a new idea: namely, to sell Non-Fungible Tokens (NFTs) as a store of value that will operate in a similar fashion to bonds.

More Options For Fintech Startups

The aim of the project is to allow blockchain startups to perform their Initial Coin Offerings (ICOs) in a more efficient way.

New fintechs on the block have often been faced with a catch-22 – once the ICO was over, trading of the tokens would sometimes begin prematurely, causing the value of the token to plummet before development of the new platform was even complete.

An NFT is a type of crypto token that represents something unique and is not interchangeable with any other token. For instance, 2 bitcoins will always have the same value – but the NFT F1 car paid for with over $110,000 worth of ETH at the time will always be distinctly unique from any other NFT – such as this turquoise kitten that goes for a much more affordable price tag.

According to Douglas Horn – the Chief Architect of Telos – the new T-Bond NFTs will allow investors to sell the NFTs without actually affecting the price of the token until after the project has launched.

“T-Bond NFTs offer a new and powerful option for any project seeking funding based on future technical achievement. Back in the ICO boom and continuing still, far too many projects have raised funds only to see their token plummet in value and community support dwindle. T-Bond NFTs create an ecosystem where projects can raise funds through investors, who in turn have the freedom to sell their NFTs on the secondary market without impacting the token price. This facilitates a vastly more sustainable model by harnessing the new synergy between DeFi and NFTs.”

Although the ICO boom has come and gone 3 years ago, so did Bitcoin – and it recently reached its’ all-time high. Maybe projects like these are the spark of a resurgence in ICOs – which this time around will be able to benefit from advances made in the DeFi sphere.

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Australia Cryptocurrency Law Tokens

High-Value Asset Token Platform Eyeballs Australian Launch

TOKO – a new asset token platform targeting high-value markets such as real estate and the art world – is looking for countries that already have a clear regulatory asset tokenization framework in place.

As such, the USA, the UK, Australia, Singapore, Switzerland, and Canada are in TOKO’s sights. TOKO is a collaboration between law firm DLA Piper, Aldersgate DLS, and Hedera Hashgraph.

Renowned Companies, Renowned Partners

DLA Piper is a law firm that specializes in international law and has offices in over 40 countries, while Hedera Hashgraph is a company running a highly scalable distributed ledger technology used by private companies and government sectors worldwide – including the Aussie agricultural sector.

Scott Thiel – a DLA Piper Technology partner – stated that TOKO is the result of years of development and research into the laws of countries around the globe regarding the creation of tokenized assets.

DLA Piper explained that through the use of blockchain technology, auditing can be carried out much easier – a welcome blessing in industries that are at times rife with speculation and fraud allegations.

“Our clients understand the technology and smart contracts, and see the benefits tokenization can provide in terms of the trust and efficiency it can create in fractionalizing assets.”

Aside from the three companies already involved, the BCW Group will be brought on board to aid with marketing strategies and more.

To celebrate its launch, TOKO finished tokenizing artwork commissioned by DLA Piper partners based in Hong Kong.

Although the partners have not set a date in stone for the launch of TOKO in various countries, Australia’s crypto-friendly atmosphere should make the delay minimal.

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Tokens

Bitkub and Leading Influencers announced $FANS (Fans Token): The Token designed for Fans

$FANS (Fans Token) A new Digital Token was announced by Bitkub together with Thailand’s Leading Influencers which are Youtubers whose total subscribers number exceeding 40 Million, namely, Bie the Ska, Kaykai Salaider, VRZO channel, Kyutae OPPA, and SpriteDer SPD

The World’s First Digital Token based on Proof of Fan concept, $FANS was developed by Bitkub Blockchain Technology Co.,Ltd. and aims to be distributed free of charge, without any kind of ICO.

Mr.Sakolkorn Sakavee, Chairman of Bitkub Capital Group Holdings Co., Ltd revealed that the cooperation between Bitkub and Leading Influencers is to launch Thailand’s first Digital Collectibles under Digital Assets Market. Using Blockchain Technology, these collectibles, such as Photos, HBD Videos, Card Games, and other Special Collectibles, will be truly owned by fans. Furthermore, these rewards can be used to redeem even more special prizes such as Exclusive products from Influencers, or Event Tickets designed for True Fan only. $FANS will be available on Bitkub Exchange Platform, where fans can create and trade the collectible of their favorite influencers. Not only that, $FANS will also be distributed to fans who attend activities with influencers, through Proof of Fans system. The Token then can be used to exchange exclusive rewards from influencers via Bitkub Platform.

Mr.Sakolkorn further revealed that Bitkub developed the DApp (Decentralized Application) on Flow Blockchain, The Blockchain of Dapper Labs, who is well-known for the most popular Collectibles game, the CryptoKitties, which was supported by

leading  organizations such as  Warner Music , NBA Stars , Samsung , Coinbase, and even world’s leading gaming company, Ubisoft.

Flow Blockchain was chosen by Bitkub because of their emphasis on User- friendly Interface, thus allowing more people, not just cryptocurrency traders or developers, to interact with Blockchain without realizing that they are using one (Mainstream Adoption), and by using Flow Blockchain, which is accepted by leading organization throughout the world, can guarantee more Security, Stability, Convenience, and lower cost than other blockchains, said Mr.Sakolkorn.

Meanwhile, Mr. Krit Boonyarang, also known as Bie the Ska, Thailand’s Leading Youtuber with 12 Million subscribers, expressed his excitement over the cooperation with Bitkub to Tokenized his reputation without any kind of ICO. He believes that the arriving of $FANS will create more new contents, new interesting activities, and further improve the community. He also promises that he will create more collectibles for fans as a Thank you for their love and support. Lastly, he also invites All Influencers to join Fans Network in order to improve the network and gain privilege.

$FANS (Fans Token) was successfully announced at the Press Conference 2020 of Bitkub Capital Group Holdings, known as “Future is Now!” with the support  of Bitkub’s Business Partners, which are: Ananda Development Public Co. Ltd, Trinity Security Co. Ltd, and Thailand Science Research and Innovation (TSRI) who is promoting the Project called “The Study and Development of Smart City” that aims to create a brighter future for everyone.

$FANS will start distribution within Q4/2020. Stay tuned at Facebook Bitkub.com: @BitkubOfficial for more updates!