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How and why applications can integrate DEFIT into their programs

Published

4 years ago

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Since the advent of Blockchain and cryptocurrencies, many industries have experienced unparalleled growth. For instance, the supply chain industry has become more efficient than ever. Some applications in this industry have reduced the total time of the process to 90%. Other industries like medical record-keeping leverage the secured and transparent infrastructure provided by Blockchain-based applications. 

However, every industry does not require its own Blockchain solution to experience the powers of true digitalization. 

Among the several applications of Blockchain, the use of cryptographic tokens has emerged as the most sustainable and suitable implementation in any environment. The ability of Blockchain to allow the tokenization of every asset has led to more liquidity, transparency, and market visibility. 

But above all, it has allowed the world to complete financial transactions in a better way. 

The need for Blockchain-based token

Financial transactions happening over the Blockchain are free from unreasonable taxes. Moreover, the removal of the third party from the ecosystem system allows the network to complete transactions almost instantaneously. The digital world never takes a day off and being decentralized, it always provides an unbiased service. 

Therefore, what Blockchain facilitates is a direct transfer of value between two parties which is faster, more secure, less costly, and reliable. 

To enjoy this feature of Blockchain, applications are required to have their own tokens or integrate and existing tokens. 

When it comes to creating a token, it might seem like an easy task but there is a lot more than meets the eye. For instance, the tokenomics of the token has to be defined in such a way that the token value is maintained. A well-defined tokenomics allow the token to be resilient to any attacks such as pump and dump. 

Further, tokenomics also plays a major role in ensuring that the token value increases over time, maintaining the interest of the users and providing more usability to the token. Other considerations that are necessary to create a sustainable token are features like buyback and burn, locking liquidity, initial locking period for the tokens allocated to the core team, and several others.

Therefore, while having a token for an application seems to be a great option, it can also be very intimidating due to the technicalities which have restricted several applications.

This is where DEFIT saves the day. 

What is DEFIT and why an application needs it

DEFIT is an ERC20 token by 360Wellness. Being an ERC20 token, DEFIT can be used with any wallet, application, or environment where Ethereum is integrated as ERC20 is the prominent token standard for the Ethereum Blockchain. 

Primarily, DEFIT is the native token of the 360Wellness application. It is used to facilitate all the financial interactions in the 360Wellness ecosystem including the payment for trainers, subscriptions, and other features in the application. Apart from this, DEFIT can also be used for staking. This means that users can hold DEFIT tokens to earn a passive income by becoming liquidity providers.

What needs to be considered here is that DEFIT can be used by any application. By just accepting DEFIT as a payment option, any application can utilize the DEFIT token to complete financial transactions. It will allow the application to adapt to the modern payment network. 

What makes DEFIT appropriate for applications to integrate it is the fact that the DEFIT token has a buy-back policy. According to this, 360Wellness will buy DEFIT tokens with their revenue surplus to maintain the circulation of tokens and increase their value over time. 

Conclusion

In conclusion, any application looking to experience the powers of Blockchain and tokenization can integrate DEFIT into their ecosystem. Especially for the organizations related to the health and fitness industry, the inclusion of DEFIT can open several doors.

360Wellness has been downloaded in 172 countries which means DEFIT has a global platform and international recognition. This will allow other applications using DEFIT to easily scale their user base and facilitate cross-border payments with no intricacies. 

 

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CertiK to Showcase Web3 Security Innovations at Hong Kong Web3 Festival 2025

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1 week ago

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February 12, 2025

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CertiK, the leading Web3 security firm, announced its participation in the Hong Kong Web3 Festival 2025, one of the largest and most influential Web3 events of the year. As a key player in blockchain security, CertiK will highlight its largest advancements in smart contract auditing, formal verification, and ecosystem solutions at the event, reinforcing its commitment to safeguarding the Web3 industry.

The Hong Kong Web3 Festival 2025, taking place from April 6–9, 2025, will bring together industry leaders, innovators, and policymakers to explore the latest trends and challenges in blockchain technology. CertiK’s presence at the event underscores its role as a trusted security partner for Web3 projects worldwide.

CertiK enters 2025, following a year of major achievements:

Apple acknowledged CertiK for the sixth time for identifying a vulnerability in Apple Vision Pro’s eye-tracking technology, while Samsung recognized CertiK’s discovery of a high-severity issue in the Blockchain Keystore.
● CertiK completed the first-ever formal verification of the ZKWasm Circuit, a breakthrough in the ZK-proof ecosystem.
● CertiK expanded its security expertise into the Decentralized Physical Infrastructure Network (DePIN) space, working with projects like APhone and Aethir to mitigate security risks.
● CertiK audited six of Forbes’ Top 10 Tokens in the first half of 2024, including TON, Core DAO, PEPE, FLOKI, FET, and Bitget.
● CertiK contributed stablecoin regulatory proposals to the Hong Kong Monetary Authority (HKMA) and Hong Kong’s Financial Services and the Treasury Bureau (FSTB), both of which were approved.
Beyond security, CertiK is actively investing in Web3 growth through CertiK Ventures, a newly launched investment initiative with a multi-million dollar fund dedicated to supporting emerging blockchain projects.

As Web3 adoption accelerates, security remains a top priority for both Web3 projects and investors. CertiK invites attendees to connect at the festival to explore how its cutting-edge security solutions can protect and empower Web3 innovations.
CertiK’s Official Website: https://www.certik.com/

Hong Kong Web3 Festival 2025: https://www.web3festival.org/hongkong2025/?lang=zh#/en

About CertiK

CertiK is a pioneer in blockchain security, utilizing industry-leading formal verification technology to protect and monitor blockchain protocols and smart contracts. Founded in 2018 by professors from Yale University and Columbia University, CertiK’s mission is to secure the Web3 world. CertiK applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness.

One of the fastest-growing and most trusted companies in blockchain security, CertiK is a true market leader. To date, CertiK has worked with more than 4,800 enterprise clients, secured over $530 billion worth of digital assets, and detected more than 115,000 vulnerabilities in blockchain code. Our clients include industry-leading projects such as Aptos, Ripple, Sandbox, Polygon, BNB Chain, and TON.

CertiK is backed by InsightPartners, Sequoia, Tiger Global, Coatue Management, Lightspeed, Advent International, SoftBank, Hillhouse Capital, Goldman Sachs, Coinbase Ventures,
Binance, Shunwei Capital, IDG Capital, Wing, Legend Star, Danhua Capital, and other investors.

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TiDB Sponsors HK Web3 Festival 2025: Empowering Web3 Innovation and Infrastructure

Published

2 weeks ago

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February 11, 2025

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For the third consecutive year, TiDB is proud to sponsor the HK Web3 Festival 2025, a global gathering of Web3 pioneers and industry leaders. This premier event highlights the latest developments in decentralized technology and its transformative potential across industries.

As a leader in data management solutions for Web3 infrastructure and wallet services, TiDB plays a pivotal role in driving innovation within the decentralized ecosystem. From managing massive on-chain data to enabling real-time queries analytics for DeFi and NFT platforms, TiDB empowers developers and businesses to unlock new opportunities in the Web3 space.

The Growing Importance of On-Chain Data Services

Web3 is reshaping the internet by leveraging decentralized technologies and smart contracts. At the heart of this evolution are on-chain data services, which act as the backbone for countless Web3 applications. These services are critical for:

  • Unlocking Blockchain Value: Blockchain data holds immense untapped potential. Data service providers extract actionable insights from this “gold mine,” offering solutions that drive business value.
  • Preventing Redundancy: Web3 fosters knowledge sharing. By enabling developers, companies, and wallet users to access shared data services, TiDB reduces repetitive efforts.
  • Driving Competition and Innovation: In the race to solve industry pain points, data providers delivering the fastest and most effective solutions gain a competitive edge.
  • Supporting dApp Development: On-chain data services power decentralized application (dApp) development, fostering creativity and growth within the Web3 ecosystem.
  • Improving Data Usability: Professional data solutions ensure blockchain data is consistent, accessible, and easy to use, helping developers, businesses, and users harness its full potential.

TiDB: The Backbone of High-Performance Web3 Data Services

TiDB is an open-source, distributed SQL database designed to handle the unique workload requirements of Web3. With its ability to scale efficiently, manage large-scale data, and deliver high-performance analytics, TiDB is uniquely suited to support the demands of decentralized applications and infrastructure.

For a deeper dive into how TiDB is shaping the future of Web3 data services, read our whitepaper here.

Join Us at HK Web3 Festival 2025

KV

Visit TiDB at Booth H18 during the HK Web3 Festival 2025 to explore the future of blockchain and discover how our database solutions are driving innovation in the Web3 ecosystem. Let’s shape the future of decentralized technology together!

Hong Kong Web3 Festival 2025: https://www.web3festival.org/hongkong2025/?lang=zh#/en

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Digital Revenue World: Your Trusted Guide in the Cryptocurrency Investment Landscape

Published

2 weeks ago

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February 10, 2025

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In an era where the cryptocurrency market is evolving at an unprecedented pace, investors and enthusiasts are constantly seeking reliable, in-depth, and actionable insights to navigate this dynamic landscape. Enter Digital Revenue World, a comprehensive platform dedicated to empowering cryptocurrency investors with expert analysis, detailed reviews, and cutting-edge market insights.  

With over 15,000 cryptocurrencies evaluated, Digital Revenue World has established itself as a trusted resource for both seasoned investors and newcomers alike. The platform offers a wide range of services tailored to meet the unique needs of the crypto community, including in-depth reviews of cryptocurrencies, exchanges, wallets, and security protocols. By delivering meticulously researched insights, Digital Revenue World ensures that its users are equipped with the knowledge they need to make informed investment decisions.  

“Our mission is simple: to provide clarity and confidence in the often complex world of cryptocurrency investing,” said the Digital Revenue World team. “We carefully evaluate each cryptocurrency, analyze market trends, and deliver reliable comparisons to help our users stay ahead of the curve. Whether you’re looking to diversify your portfolio or explore new opportunities, we’re here to guide you every step of the way.”  

What Sets Digital Revenue World Apart?

Digital Revenue World stands out in the crowded cryptocurrency space by offering:  

  1. Expert Analysis: A dedicated team of professionals conducts thorough evaluations of cryptocurrencies, ensuring users have access to accurate and up-to-date information.  
  2. Comprehensive Review*: From emerging altcoins to established giants like Bitcoin and Ethereum, the platform covers a wide spectrum of digital assets.  
  3. Market Trends and Insights: Stay informed about the latest developments, trends, and opportunities in the crypto market.  
  4. Security and Trust: With a focus on security, Digital Revenue World provides valuable guidance on safeguarding investments and navigating the risks associated with digital assets.  

The platform’s user-friendly interface and commitment to transparency have made it a go-to destination for cryptocurrency enthusiasts worldwide. Whether you’re exploring new investment opportunities or seeking to optimize your existing portfolio, Digital Revenue World offers the tools and insights you need to succeed.  

Join the Digital Revenue World Community

Digital Revenue World is more than just a platform—it’s a community of like-minded individuals passionate about the future of cryptocurrency. By connecting with Digital Revenue World on Facebook and Instagram, users can stay updated on the latest reviews, market trends, and expert advice.  

“We believe that knowledge is power, and our goal is to empower our users to make confident, informed decisions,” the team added. “Cryptocurrency investing doesn’t have to be overwhelming. With the right resources and guidance, anyone can navigate this exciting space and achieve their financial goals.”  

For more information, visit https://digitalrevenueworldcoin.com/ and join the growing community of informed investors today.  

About Digital Revenue World

Digital Revenue World is a leading platform offering comprehensive cryptocurrency reviews, market insights, and expert analysis. With over 15,000 cryptocurrencies evaluated, the platform is dedicated to helping investors make informed decisions and navigate the ever-changing world of digital assets.  

Website: https://digitalrevenueworldcoin.com/  

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