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Earn a 7% interest with a EURO stable coin and access DeFi through EURxb.finance

Team Bitcoin Daily

Published

3 years ago

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In the cryptocurrency industry, there is a growing shortage of stablecoins pegged to the Euro. With the help of EURxb, that situation will change for the better. The fact that users earn 7% interest by holding it in their wallets makes it more appealing than traditional tools on the market.

Very Few EUR-Based Stablecoins

Looking at the current cryptocurrency landscape, it is evident that stablecoins are gaining even more traction. As a digital version of fiat currency, these assets offer tremendous potential for entering and exiting cryptocurrency positions. However, most stablecoins are pegged to the US Dollar rather than other fiat currencies.

For example, when it comes to the Euro, only a few options exist on the market today. Assets such as STATIS EURO (EURS), sEUR, and eToro Euro (EURX) are all accessible, but have not been able to match the uptake of their much larger USD-based alternates.  Newer stablecoins (including the aforementioned EUR-pegged ones) have not yet been able to offer a great enough differentiator to draw away supporters from the first mover giants in this industry.  A missed opportunity, as there is much more one can achieve when re-imagining pegged currency coins.

To take this industry to a whole new level, the EURXb.finance team introduces the world’s largest Euro-based stablecoin. Rather than focusing on just buying cryptocurrencies, this asset has other exciting benefits to explore. Bringing the earning potential of decentralized financial solutions to the mainstream requires access to more financial instruments. With a robust ecosystem to tokenize registered and regulated bonds, the team will explore new options to connect these markets.

Bridging Rather Than Replacing

For years, the main appeal of cryptocurrencies is how they will eventually disrupt traditional finance. Many enthusiasts expect Bitcoin to become the new global reserve currency, even though that may not happen anytime soon. By creating the first open platform to bridge between registered, regulated securities and Ethereum DeFi, the EURxb.finance protocol changes the narrative altogether.

Through this new approach, institutional investors can use their registered investments as collateral for decentralized finance. Doing so unlocks unique benefits, including a fixed 7% annual yield on their holdings. Additionally, it is possible to purchase decentralized finance instruments and vehicles via supported pools and platforms. 

Giving institutional investors a way of engaging with DeFi creates a more inclusive ecosystem. Investors in the supported securities can put their ISIN-registered vehicles to good use. EURXb.finance takes the standard  75% debt to asset over-collateralization management principle and tokenizes it to create a parallel of the bond on Ethereum. The tokenization of underlying assets through the ERC-721 standard ensures everyone can track the details of every token, and EURxb.finance’s protocol locks these tokens in smart contracts to create Eurxb Bond Tokens (EBND). 

How Does It Work?

The EURxb ERC20 token is issued on the Ethereum blockchain and accrues real-time interest by keeping it in one’s wallet. Per year, hodlers can expect a return of 7%, which is far beyond traditional cheque or savings account options today – which is what a stablecoin could compare to.  Every EURxb is collateralized by green bonds, which will adhere to the ISIN Registered Secured Bond standard which means every Bond NFT is overcollateralized by 133% in tokenized real-world assets as security. 

To ensure the flat 7% annual yield, EURxb.finance relies on Euro-denominated Secured Green Bonds issued by Miris AS. Every bond provides a fixed yearly yield of 7%, which translates to the same EURxb tokens ratio. 

To ensure decentralised control, an XBE governance token will be split to market makers across Uniswap and Balancer during the launch event. With 4 pools accessible to market makers during the first seven days of launching, every pool will represent an equal share of 3,000 XBE. Users will be rewarded based on their share per pool. On Day 2 the project already reported $2.7 million in liquidity across the launch pools, confirming initial interest from the market. 

These 12,000 tokens (of the 15,000 total tokens issued – 3,000 being locked up for the community to use as treasury and further the project) are distributed to the community through the liquidity event to use as they see fit. Holders of XBE can manage and govern the EURxb protocol. Furthermore, token holders will decide how the planned Vault fees are allocated. Unlike speculative governance tokens, the team behind the launch have stated XBE will have no value. 

Closing Thoughts

It is evident that the appeal of DeFi in its current shape mainly caters to existing cryptocurrency users and enthusiasts. Attracting traditional investors will require institutional-oriented solutions. EURxb.finance provides exactly that: it lowers the entry barriers by using regulated portals and conventional assets.  There is no reason for DeFi and traditional securities not to co-exist.

By leveraging the best of both worlds, the team can establish a bridge between finance and DeFi. More importantly, this approach has a broader international appeal due to its Euro-based process. Combined with the 7% annual yield, securities investors have multiple reasons to diversify their portfolios even further.

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WEMIX3.0 welcomes Sygnum as Node Council Partner “WONDER 18”

sky0x.eth

Published

3 months ago

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February 8, 2024

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  • Sygnum will contribute its digital asset expertise and operational experience as a regulated bank to further enhance the reliability of the WEMIX3.0 Mainnet
  • The banking group will also participate in its protocol governance and contribute to the expansion of the WEMIX ecosystem

Leading global web3 developer Wemade is proud to announce that Sygnum, a global digital asset banking group, is joining the WEMIX3.0 Mainnet’s Node Council Partners as “WONDER 18”. The NCPs, known as 40 WONDERS (WEMIX On-chain Network of Decentralized Ecosystem Regulators), validate transactions and blocks on the blockchain, while maintaining connections with newly added nodes to ensure the stable operation of the Mainnet. Each new NCP, assigned a number between 1 and 40, plays a critical role in upholding the integrity and security of the WEMIX3.0 Mainnet.

Sygnum will contribute its digital asset expertise and operational experience as a regulated bank to further enhance the reliability of the WEMIX3.0 Mainnet, participate in its protocol governance and contribute to the expansion of the WEMIX ecosystem.

Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. It empowers professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. The Sygnum team enables this through institutional-grade security, expert personal service and a portfolio of regulated digital asset banking, asset management, tokenization and B2B services.

More information on Sygnum (www.sygnum.com) and 40 WONDERS (www.40wonders.wemix.com) can be found on their official websites.

About Wemade 

A renowned industry leader and innovator in game development, WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. WEMADE aims to accelerate the mass adoption of blockchain technology, and is building through its WEMIX subsidiary, an experience-based, platform-driven, and service-oriented mega-ecosystem that will offer access to a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. www.wemade.com / www.wemix.com/communication 

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Crypto

Multiplayer Strategy Game “RoboHero” Featuring Seamless Integration of Tokens and NFTs to Launch on WEMIX PLAY

sky0x.eth

Published

3 months ago

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February 2, 2024

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  • One of the first mobile games with an ecosystem designed to bridge the Web2 and Web3 worlds
  • Set in an immersive metaverse, Robot Factions intensely battle for control over vital resources in a post apocalyptic world
  • Tokens and NFTs are seamlessly integrated into the gameplay, with unique DeFi tools offering a new dimension in Web3 gaming

Leading global game developer Wemade today announced that Estonian game developer DevDream House OÜ will be launching Multiplayer Turn-based strategy game “RoboHero” on the world’s biggest blockchain game platform, WEMIX PLAY (www.wemixplay.com). Set to be launched in the first quarter of 2024, RoboHero is one of the first mobile games with an ecosystem designed for players in both the Web2 and Web3 worlds, available on the Google Play Store and Apple App Store.

In “RoboHero”, the action unfolds in the post-apocalyptic metaverse 31337, where warring robot factions battle for resources. Players choose from one of three factions – ETER, DEUTER, or PLASMA – and three character classes – Tank, Shooter, or Sniper with different fighting styles. Each RoboHero will have unique characteristics that combine base properties, attributes, factions, classes and corresponding bonuses. “RoboHero” also features a meticulously designed character development system in which characters gain experience in battles and, upon meeting specific conditions, evolve to acquire increasingly better statistics.

Players defeat opponents in a duel by inflicting more damage or by taking control of the majority of buildings on the map. Enter story mode (Player vs Environment) and win successive missions to collect NFT items, or join multiplayer mode (Player vs Player) to fight opponents for $ROBO. “RoboHero”, a Web3-based game, offers the following key features:

  • Players can purchase RoboHero robots in RoboHero LootBoxes using $ROBO tokens.
  • Players can choose from two modes of play: Story Mode (PvE) and FightClub Mode (PvP).
    • In Story Mode, players explore new territories, battle bosses, and earn in-game tokens to upgrade their robots and equipment.
    • In FightClub Mode, players can create or join fight rooms to compete against each other for $ROBO tokens.
    • Players can participate in tournaments to compete for additional $ROBO tokens.
  • Players can purchase NFT items, such as energy boosters, helmets, legs, weapons, and grenades, on a special marketplace using $ROBO tokens.
  • Players can create an account on the Marketplace and pair it with the game to manage their robots and NFT items.

More about NFTs – Equipment, Lands, Mines, BillboardsThe game includes numerous NFT implementations, such as lands, billboards, mines and items. 

  • Equipment: Each RoboHero faction has unique equipment NFTs that increase the power, vitality or range of affiliated RoboHeroes that can be found in chests scattered around the RoboHero world. Each RoboHero has three interchangeable pieces of equipment including Helmet, Limbs Armor and Corpus Shield. Legend has it that after completing the entire set of 3 items, RoboHeroes can evolve to a higher form.
  • Lands: Lands play an important role since mines can only be generated on them, while battles and gameplay also take place on lands. They can be purchased and freely traded on the market, with landowners entitled to pooled tokens for every fight that takes place on each land NFT.
  • Mines: The game requires the use of copper, iron, titanium and precious metals (gold, silver, and platinum) in crafting equipment and weapons. As the only sources of these materials, mines play an important role in RoboHero and can be purchased or traded on the market. 
  • In-game billboard ads: RoboHero introduces a new billboard advertising model with 1,000 billboards located on buildings throughout the game landscape. Billboard owners can advertise their own social media accounts and products, or choose instead to rent the advertising space for a predetermined amount per week/month,  or sell the billboard for a profit.

“WEMIX is a great partner for us and its vast gaming industry experience will be a key factor in helping RoboHero deliver new innovations in the Web3 gaming space,” said Jakub Stefanek, CEO of RoboHero mobile game. “As developers we are very excited about the opportunity to work with such a well known company and can’t wait to create the future of Web3 games together.”

Resources:

About WEMADE

Part of the first generation of Korean PC online game developers and Korean mobile game developers, Wemade is at the forefront of the next wave of Web3 game developers that are innovating with blockchain technology. Based on the WEMIX3.0 Mainnet, the WEMIX PLAY blockchain game platform is the world’s biggest with millions of users and a wide range of game genres from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, MOBA, MMORPG, SNG, sports games and more. Visit www.wemix.com/communication for more information. 

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Financial

Web3 Investors from 16 nations converged to witness these 6 Graviton-backed Indian startups make their pitch.

redfly.eth

Published

9 months ago

on

July 26, 2023

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Graviton Web3 Accelerator’s digitally simulcast Demo Day event saw participation from VCs and angels around the world, focused on a cumulative raise of $10Mn for their first cohort. 

Graviton, a web3-focused accelerator for emerging markets backed by global VCs such as Hashkey Capital, Moonrock Capital, NGC Ventures, 369 Capital, Ascensive Assets, Stacker Ventures, MH Ventures, G1 Ventures, Infinity Ventures Crypto (IVC), and GravityX Capital, recently organized its first-ever digitally simulcast Demo Day.

The event saw participation from over 70 global investors from 16 countries, with all eyes converging on what the six teams at Graviton are busy building and scaling. These teams have emerged as outliers from a pool of 300+ startups that had applied to get accelerated through the Graviton ecosystem.

Graviton’s uniquely designed accelerator program arms a limited cohort of promising early-stage web3 founders with a healthy infusion of institutional capital (marked by a seed investment into each team), technical grants and integrations from a vast partner ecosystem, mentorship from proven industry experts to help the teams with business strategy, tech fundamentals, growth marketing, and fundraising, as well as expanded networking opportunities to help them raise serious capital in the long run. 

“While the ongoing ‘bear market’ sentiment fosters a conservative investment mindset around the world for crypto platforms, we at Graviton believe that world-class technology products led by visionary founders are always ahead of the curve, and always lucrative to serious investors”, remarked Arpit Nik (Founder & CEO at Graviton and a General Partner at GravityX Capital). Arpit and team have been hard at work since December last year, to identify India’s strongest founders with a penchant to build for the decentralized web. 

The six teams that emerged frontrunners amidst a plethora of applicants, include:

Spydra – An enterprise grade blockchain solution that is helping large organizations migrate their existing tech stack from web2 to web3, making the transition as frictionless as possible. Led by the seasoned and suave Manish Tewari (with massive previous exits at Koovs.com and Pokkt), Spydra is powering the largest status-quo migration in enterprise tech, since the advent of AWS and cloud-computing. They’re already clocking an annual run rate of $100K in revenue, servicing clients such as Raymond, Myntra, and the National Payments Corporation of India. 

Wall – This team is solving one of the most significant challenges of web3, i.e. community building. Wall helps businesses acquire and take community members through beautifully mapped custom user journeys, helping them claim rewards (such as Airdrop tokens), while completing platform-mandated tasks across multiple touch points (such as Twitter, Telegram, Discord, etc). It offsets the community moderation costs for emerging web3 platforms, and after helping 40+ projects design custom reward pathways, Wall is fast emerging as the go-to community building solution for L1 and L2 ecosystems.  Wall is helmed by Anuj Kumar Kodam (ex IIT Kharagpur, IIM Calcutta, and formerly part of the founder’s office at Ola Cabs). 

Strive – Global opinion on the utility of NFTs is divided, and Strive is here to change that. With a proprietary layer that facilitates the sharing and trading of NFT utilities, the team is expanding the possibilities of what one can do with NFTs today. Using Strive, any business, brand, or artist-led community can monetize their audience and influence with ease. Kartik Mehrotra (ex UC Berkeley) leads the show at Strive Network. 

Zoth – Crypto users of today are struggling to find secure and passive income generating opportunities, despite the total value of crypto finance having breached $1Trillion as of 2022. Pritam Dutta (ex Ab-InBev, Mahindra & Mahindra) and team Zoth are on a mission to democratize global access to affordable capital, through the tokenization of real world assets. They’ve already deployed $500K in capital, and have a little under $10M in their managed assets pipeline. 

Fetcch – The motto and creed at Fetcch is to make web3 payments as simple as Venmo or Paypal. Mandar Ray, CEO at Fetcch, explains that they’re building an abstracted middleware layer that removes the complexities associated with wallet addresses, which in turn is a giant leap towards the mainstream adoption of web3. Recently, the team has opened up beta access to Fetcch Pay, their flagship payments product. 

GG Nation – eSports is booming, and team GG Nation has done a stellar job of capturing the mindshare of student gamers across 250+ Indian colleges in 18 cities. Today, GGNation has more than 200,000 gamers on its roster, with an aim to onboard India’s first million gamers. Abhinandan, the founder and CEO, has a remarkable track record with two of India’s biggest sports IPs, Indian Racing League and Premier Futsal, achieving impressive media value, viewership, and live attendance.

Over the last 16 weeks, these teams have been immersed in interactive workshops with a team of 50+ remarkable mentors – all of whom are established thought leaders in their respective domains. And in exchange for their time and imparted wisdom, Graviton has created a circular rewards model, with each mentor acquiring nominal equity in these teams, proportionate to the time they spend nurturing each product. Arjun Kalsy (ex-Growth lead at Polygon), for instance, has a vested interest in the success of each of these six teams, as one of their growth mentors. The same is true for Parth Chaturvedi of Coinswitch Ventures, Vijay Pravin of bitsCrunch, and many others who have become an integral part of the growth journeys of all 6 teams.

The success of Graviton’s Demo Day is owed largely to the efforts of Program Director Jeffrey Broer, who is a seasoned web3 investor at Mulana Capital, and a highly sought-after blockchain mentor and speaker. 

“Supporting visionary entrepreneurs on their transformative journeys in the web3 realm brings me immense joy. I extend my heartfelt gratitude to the nurturing Graviton ecosystem for promoting an inclusive culture of progress. May the six teams embark on a remarkable path of growth and achievement!”

– Vijay Pravin (CEO, bitsCrunch & Growth Mentor at Graviton)

“All hands aboard is the philosophy that drives us to help startups and founders. We’re glad that this team of web3 disruptors came together at Graviton, and forever indebted to our invaluable mentors, who have helped craft this journey together. With everyone’s hearts set on building sustainably for the decentralized internet, we’re just really excited about what the future holds for the Indian web3 space”

– Vishal Sanap (Head of Portfolio Growth & Development at Graviton)

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