CryptoNinjas » Winding Tree launches ORGiD Bot, streamlining digital identity verification between blockchain businesses
Winding Tree, the Ethereum-powered travel distribution channel, has announced the launch of ORGiD Bot, an open-source registry that provides real-time identification and verification of companies and their representatives. ORGiD Bot is a dynamic solution to the growing dangers of identity theft and impersonation. By leveraging blockchain, Winding Tree has found a way to offer quick and seamless identity checks for blockchain and crypto companies. You can communicate with ORGiD Bot on Telegram, under the handle @orgid_bot.
Phillipe Christodoulou thought he was downloading the app for Trezor, the maker of the famous cryptocurrency hardware wallet in which he would store his crypto, according to a March 30 story in The Washington Post. Instead, he sent his entire life savings, 17.1 bitcoin worth $600,000 at the time, to fraudsters running a fake “Trezor” app designed to trick people out of their coin. Phillipe’s story isn’t an isolated incident—theft in the crypto industry jumped 40 percent year-over-year since 2016, hitting $513 million in 2020. Nevertheless, the toll of having to independently verify identity over and over again, or having to set up API access with different profile requirements, can be tedious and time-consuming.
That’s where ORGiD Bot comes in, helping users communicate with the ORGiD system and providing businesses with a simple way to evade phishing attempts and scams. Organizations can seamlessly add authorized representatives to their ORGiD, enabling them to identify themselves as legitimate to their peers.
All an organization needs to do to create its ORGiD is connect a MetaMask or Portis wallet with a small amount of stored Ether (ETH). The Ether is converted into the Winding Tree ecosystem’s LIF token, which is then staked to indicate authenticity. Once verified, business people in the blockchain space can query the Te..
CryptoNinjas » Tendermint acquires B-Harvest, creator of Cosmos-based Gravity DEX
Tendermint, a software development company that builds software & community for the Cosmos Network, today announced it has acquired DeFi liquidity innovator B-Harvest, creator of Gravity DEX, the first interchain decentralized exchange created for the Cosmos Hub.
Gravity DEX enables decentralized trading between any two Cosmos tokens — a $90 billion market that includes ATOM, BNB, LUNA, and CRO — or any of the galaxy of tokens beyond the Cosmos ecosystem.
Built with the Inter-Blockchain Communication (IBC), Gravity DEX will enable permissionless, trustless exchange of digital assets throughout Cosmos and other blockchain networks while integrating liquidity pools across dozens of protocols efficiently with its Equivalent Swap Price Model (ESPM) Automated Market Maker (AMM). The launch of Gravity DEX is a fundamental step in enhancing blockchain interoperability within the Cosmos ecosystem.
“The Cosmos ecosystem needs an interchain DEX,” explains Cosmos CEO Peng Zhong. “Tendermint is bringing B-Harvest in-house to launch and scale Gravity DEX so that any token within Cosmos — and from other blockchains — can be traded freely on an exchange that is permissionless and trustless. Interoperability is the future of blockchain, and it’s made widely possible by IBC.”
The Gravity ESPM AMM model combines batch execution, order books, and limit orders with an AMM to significantly outperform the CPMM model as seen on platforms like Uniswap. To learn more, read Tendermint’s Litepaper and ESPM Economic Simulation.
Competition Also today, the Gravity DEX team has submitted a formal governance proposal to allocate 5000 ATOM from the Cosmos Hub community pool to use as prize money for the Gravity DEX testnet competition. Voting on the governance proposal begins today, April 7th, 2021. We invite you to follow and participate in the Cosmos governance process to get involved.
The next phase of the ..
CryptoNinjas » Ontology’s cross chain DeFi lending platform Wing is now live on Ethereum
Wing, the credit-based cross-chain DeFi lending platform developed by Ontology, the public blockchain specializing in decentralized identity and data, is now live on Ethereum.
Launched on the Ontology blockchain in September 2020, Wing has seen monumental growth in both the total value locked, which now stands at over $200m, as well as in levels of lending and borrowing activity between users.
Following its integration with Ethereum, millions of global DeFi users will now have access to Wing’s unique lending, borrowing, and insuring options, including the option to swap assets into pegged assets on the Ontology blockchain where they can find lower transaction fees and higher processing speeds.
Features of Wing Wing is designed to promote a mutually beneficial relationship between borrowers, creditors, and guarantors through a decentralized governance model and risk control mechanism. Through this integration with Ethereum, Wing opens a new window of opportunity for lending and borrowing from the hundreds of unique assets on Ethereum. Through bridges and UI/UX integrations between the Ethereum and the Ontology versions of Wing, users will have access to lower costs and faster speeds, thanks to the Ontology blockchain.
Li Jun, Founder of Ontology, said, “In utilizing Ontology’s decentralized credit-scoring system, OScore, and decentralized identity protocol ONT ID, Wing enjoys easy identity verification and a full picture of an individual’s financial history, without showing the full value of these assets. We have deliberately designed OScore for this kind of application: both the individual’s privacy is protected, while the risk for lenders is vastly reduced and correct due diligence can take place. Through this next-generation suite of innovative DeFi tools and products, individuals who obtain a high OScore will be able to maximize their borrowing capabilities and minimize ..
CryptoNinjas » Blockchain scaling specialist Metis launches layer-2 framework to empower dApp development
Developed after Metis raised USD $4 million in angel, seed, and private funding, Metis Rollup is aiming to be the infrastructure for the Web 3.0 economy, enabling users to easily launch their own decentralized applications and leverage the embedded framework of Decentralized Autonomous Companies (DACs). They can thereby manage their decentralized collaborations from within while ensuring they are low-cost, highly scalable, and offer more functionality.
As the vision of a Web 3.0 decentralized economy has advanced, with decentralized businesses running on the blockchain, the blockchain community has built out its infrastructure in an attempt to replicate real-world functionality. The problem is that current layer-1 solutions are plagued by high gas costs, reduced efficiency levels, a lack of on-chain management tools, and difficult-to-use available platforms. All of these factors make layer-1 solutions ineffective when it comes to supporting the operation of a complex logic application or business.
The Metis white paper explains the problems inherent in previous layer-2 technologies, the potential of the Rollup, and how the Metis framework supports the running of the Web 3.0 economy. Unlike other layer-2 solutions which only solve the issues of transaction cost and throughputs, Metis Rollup tackles the broader issue of how to implement value creation activities (collaborations) on the blockchain to backbone the running of the Web 3.0 economy.
Metis Rollup functionality and characteristics include:
Scalable, decentralized, and EVM-compatible, supporting multiple businesses and the launch of proprietary tokens. The mining incentive mechanism significantly reduces the token withdrawal time from layer-2 to layer-1. The microservice framework is built on layer-2 to allow the extension of toolkits. Integrated with IPFS for privacy data protection. Embedding DAC fr..
CryptoNinjas » AllianceBlock brings its DeFi apps to Avalanche ecosystem
AllianceBlock, a compliant decentralized capital market, announced today the integration of its DeFi product suite into Avalanche, an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains.
Upon completion of the integration, users will be able to access AllianceBlock’s DeFi Investment Terminal, compliant P2P financial services, NFT capabilities, trustless KYC and identity verification solutions, and derivative pricing engine and analytics on Avalanche.
AllianceBlock will also strategically collaborate with Ava Labs, the team supporting Avalanche development, to expand the impact AllianceBlock and Avalanche can have in bridging decentralized and institutional finance through its unique Regulatory & Compliance Layer.
Smart contract activity on Avalanche has boomed since the launch of the Avalanche-Ethereum Bridge (AEB) in February. During that time, smart contract transactions have increased by 1,956% to over 1,118,000, and unique wallets increased by 2,795% to top 62,000.
“Avalanche’s mission of empowering people to build an open, simple, and democratic internet of finance is right in line with what we are doing at AllianceBlock; our multifaceted blockchain-agnostic protocol enables banks and their clients to simply, safely, and legally trade any crypto product,” says Rachid Ajaja, CEO and Founder of AllianceBlock. “In becoming a key player in the Avalanche ecosystem, we will help drive our common goals, bringing the DeFi industry to new heights. We look forward to nurturing new, lasting relationships and to seeing the roll-out of our unique products, further enriching the AllianceBlock ecosystem.”
The AllianceBlock team is made up of ex-JP Morgan, Barclays, BNP Paribas, and Goldman Sachs investment bankers, combined with serial entrepreneurs and global leaders in software development and blockchain. Since its ince..
CryptoNinjas » Decentralized oracle solution Umbrella Network adds Huobi as validator node
Umbrella Network, a decentralized oracle solution that facilitates the flow of pricing data for DeFi and other decentralized applications, has announced a partnership with the world’s second-largest cryptocurrency exchange, Huobi Group. Huobi will serve as a validator node on Umbrella’s recently launched public testnet, playing a critical governance role ahead of the oracle platform’s launch of its full operation mainnet system.
The partnership follows Umbrella Network’s recently launched IDO, which was one of the most successful in Polkastarter history, just before the company launched its public testnet. The addition of Huobi to the validation and governance infrastructure enhances Umbrella’s ability to provide data feeds with up-to-date, fast, and inexpensive information for the growing number of applications relying on its system.
“We’re extremely pleased to welcome Huobi as a key validator on Umbrella, greatly expanding our network and helping us provide essential data to the decentralized applications we support,” said Umbrella Network’s founding partner, Sam Kim. “As we aim toward our mainnet launch, Huobi’s influence will be critical to building the robust data infrastructure required by markets around the world.”
Huobi’s participation provides a huge boost to the information that can be accessed and used by those relying on the Umbrella network, which features Merkle Tree and proof-of-stake technologies that allow it to package much larger amounts of data — at a far lower — in each transaction than competitors. Huobi’s participation, moreover, follows a recent flurry of professional validators also joining up to take part in Umbrella’s testnet, including HashQuark and InfStones.
The widening participation will help to better position Umbrella ahead of its mainnet launch in the coming weeks, notably in the form of data from both on-chain and off-chain networks tha..
CryptoNinjas » Aussie crypto exchange CoinJar launches new web app
CoinJar, an Australian-based bitcoin/crypto exchange company, has announced its latest major update to the CoinJar web experience. The new web app has a refreshed look and design; with a host of innovative features and functionality that makes buying crypto even easier.
Updates Buying and Selling
Now, users can access, manage and track the performance of their CoinJar Bundles (coins users can purchase as a group) on the web rather than exclusively through the app for iOS and Android. In tandem with CoinJar Bundles, users can also now access and manage recurring buys through the web.
Users can now easily access all their CoinJar notifications in one place — including notifications for daily price updates at their preferred times. Users can also set threshold price alerts to notify when the price for any of CoinJar’s supported currencies reaches above or dips below a certain amount. And now, through CoinJar’s updated web experience, users can see all these notifications in one place.
Convert Crypto Easier
CoinJar has also changed how users can manage their portfolios online. With this update, it is now easier to exchange one cryptocurrency for another, e.g. BTC for ETH.
CryptoNinjas » Aussie crypto exchange CoinJar launches new web app
CryptoNinjas » Gnosis Auction launches for fair and even token price discovery
Gnosis, a builder of new market mechanisms for decentralized finance, has now launched Gnosis Auction, a platform that uses batch auctions to enable fair price discovery for token auctions.
“With ICOs and token launches notorious for creating volatile and erratic price points, the method behind discerning what a new token should cost is complicated. Gnosis Auction has been designed to address this issue, allowing new token launchers to now ask their audience what it’s worth in a completely fair and permissionless way,” said Stefan George, Gnosis Co-Founder, and CTO.
Using Gnosis Auction — projects launching new tokens on Ethereum can use a custom Gnosis Safe App to deploy an auction, setting a minimum price they’re willing to sell their token for, while those bidding can set a maximum price they’re willing to pay.
Overall, the price will settle somewhere in between the two, keeping both sides of the equation happy – when the auction closes, all bidders within that range receive the same clearing price.
By combining limit orders and batch auctions, Gnosis Auction introduces a fundamentally new auction primitive to decentralized finance on Ethereum.
Furthermore, batched auctions prevent frontrunning and problematic ‘gas wars’, in which users might manipulate and congest the network, which means less value will be extracted from the process.
Beyond initial DEX offerings, Gnosis Auction enables users to run collateral or liquidation auctions, as well as token buybacks, and any other experiments that are interested in finding the fair value of a token.
Gnosis developed the permissionless platform that teams can use to run auctions, however, they are not involved in the auctions or auctioneering, which are independently organized by users of the platform.
The latest in a long and successful list of Gnosis tools for decentralized finance, Gnosis Auction will allow for fa..
CryptoNinjas » Balancer to enable programmable liquidity for the Algorand ecosystem
Blockchain platform Algorand today announced that Balancer, one of the largest automated market makers (AMM), will soon be available on Algorand to expand liquidity to its growing community.
This initiative explores how the Balancer platform can work in different environments, given the different trade-offs and characteristics of other innovative blockchains like Algorand.
Traditionally, exchange and liquidity have been time-consuming and expensive endeavors, and the market depth is not always justified. However, Balancer brings the type of innovation and decentralization in financial infrastructure that continues to drive service costs lower.
As a trusted pillar of the Ethereum community, Balancer has played a key role in providing this decentralized liquidity for its users since its inception.
Balancer + Algorand By leveraging Balancer’s services on Algorand, exchanges will have the ability to create trading pairs with any Algorand Standard Asset (ASA). As the number of assets issued on Algorand’s high-performing blockchain accelerates, this represents a huge opportunity for mass adoption.
Balancer is being built on Algorand by Reach, utilizing their safe and easy DApp programming language. The Reach platform provides a high-level language and a specialized compiler that lowers the bar of entry for Algorand development. DApps wrote in Reach also apply formal verification to the deployed application, ensuring that applications like Balancer provide extra safety guarantees for users.
CryptoNinjas » Balancer to enable programmable liquidity for the Algorand ecosystem
CryptoNinjas » Hardware-based SpiderDAO successfully deploys testnet on Discord
SpiderDAO, which provides a decentralized router-based VPN service for its users by using a dual-governance model which brings together hardware and software tools with on-chain elements, today announced the completion of a major milestone in the SpiderDAO project.
The SpiderDAO Discord testnet allows a clear demonstration of the various SpiderDAO functions and capabilities that will shortly be included on the SpiderConnect Pro router firmware including:
$SPDR wallet creation and administration Creation and administration of private and public keys Governance of proposals and referendums deployed on the DAO Voting options The Discord SpiderDAO testnet shows a close approximation of what the final hardware DAO functionality will look like and will be used to gather information and invite constructive criticism from both SiderDAO devs and the wider community.
Testnet The SpiderDAO testnet on Discord is the first in an increasing list of services that the SpiderDAO team intends to include in its Spider VPN Pro Router firmware. The SpiderDAO firmware will shortly be capable of hosting a number of other services all from within the same easy-to-use interface. All services and facilities are powered by the $SPDR token which is at the heart of the SpiderDAO ecosystem.
“Our Development team is delighted to have the opportunity to at last show some of the hard work that they have been engaged in and their dedication shows in the results. We are looking forward to rolling out the new Spider Pro Router firmware which incorporates these and many other features.”
– Anas Sayed, CTO of SpiderDAO
As well as a $SPDR wallet, DAO voting, referendums, proposals, and communications on the network, future additions to the firmware will include a dKYC (decentralized know your customer data) module and a fully functioning multi-currency hardware wallet.
SpiderDAO’s vision is to create a provable, open-so..