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Security, Autonomy, and Privacy: How DAO’s will conquer and propagate the use of blockchain

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The recent progress in cryptocurrency and blockchain technology has opened up several new possibilities to optimize the way finance works. The majority of the population still prefer centralized financial service due to the ease-of-use. However, DAOs will help bring the same ease with better security to the DeFi world and promote crypto adoption. 

Ethereum has applied the principle of decentralization outside the financial world in the last few years and pivoted the industry to a new age of success. While cryptocurrencies aim to remove the middlemen, blockchain technology’s smart contracts and tokenization models help bring the world closer. 

Traditional Organizations

In a traditional organization, every employee is given a contract that determines their relationship with the company. Employee’s rights and obligations are regulated using these contracts, which fall under the underlying government. If the employee fails to meet their end of the bargain, the company can take legal action based on the contracts. 

These organizations are structured in a top-down manner with many layers of bureaucratic coordination which control the workplace. This top-down management module gives power to the entities sitting on top of the pyramid, thus harming the employee’s rights.

The common problems faced by a traditional organization are:

  • Single party control that controls all the decisions.
  • Opaque and inconsistent decisions lead to scrutiny and scams. 
  • Parties at the top work over the shoulders of their employees, giving them an unfair advantage.  

For countless years, these organizations have created an environment where everyone is not treated fairly when it comes to decision making inclusion. DAO or decentralized autonomous organizations have the potential to provide better transparency and create a fair environment for every party involved. 

DAO’s Security, Autonomy, and Privacy

A DAO is an organization that is governed under digital rules and distributes the control to token and shareholders equally without hierarchical management. These organizations tackle the age-old problem of governance which is generally referred to as the principal-agent dilemma. 

DAO involves a group of people interacting using a peer-to-peer network according to a self-enforced open-source protocol. What gives DAO an edge over traditional organizations is its additional security, better performance, low transaction costs, and a higher level of transparency. The most prominent advantages of a DAO are:

Security

A decentralized autonomous organization helps to improve the security of an organization by enhancing transparency in all transactions. As every individual in the organization is aware of the activities, they can make informed decisions and avoid any security issues.

Autonomous

As a DAO’s control is distributed equally among all the shareholders, investors, and users, it promotes a fair environment. No single entity can decide for their sole benefit as it has to be approved by all holders.

Privacy

One of the USPs for blockchain technology and cryptocurrency is privacy. The smart contracts created through blockchains and DeFi apps are secure and private. All the transactions are done anonymously while ensuring transparency.  

PhoenixDAO propagating the use of blockchain

PhoenixDAO is an excellent example of how a DAO should work for Decentralization and Community as its ethos. The platform offers a digital identity-based suite of products and protocols to power the crypto ecosystem, focusing on DeFi and NFTs. 

PhoenixDAO currently offer three products:

  • PhoenixDAO
  • Staking dApp
  • Events dApp

PhoenixDAO is a live example of how a DAO platform must work. Every spending decision of the native PHNX token is voted by the DAO community, which is regularly posted on the budget running page. It is an autonomous platform that runs on the revenue generated by the dApps. 

To incentivize voting, PhoenixDAO offers PHNX tokens as a reward for participating in governance. Also, anyone can participate in governance because of its open framework. To get the voting rights and earn more rewards, users have to stake the PHNX token into contracts. 

PhoenixDAO has begun internal testing of its DAO to ensure complete security, autonomy, and privacy for its users. DAOs are the world’s future as they tackle all the drawbacks faced by traditional organizations and create a fair opportunity for all. 

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Billionaire Plus Let’s People Live their Fantasy in the Metaverse. IDO Set to Launch in December

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Billionaire Plus is a complete real estate metaverse blockchain game that incorporates 3D and VR technology for an immersive experience to buy, sell and trade for their dream lifestyle. They are supported and invested by X21 Digital, Lavender Capital, Fish DAO, Avalon Wealth Club, the Maven Capital, Unanimous, 2CRZ NFT, DCI, Fairum Ventures, Legion Ventures, Alphamoon with the other individual backers. Their platform is also going to launch its native $BPLUS token through an IDO on Roseon Finance, Enjinstarter in mid-December.

Toronto, Canada, 1 Dec 2021, Blending traditional board style gaming with crypto and metaverse, Billionaire Plus is a GameFi platform where users can own NFT backed avatars and buildings, allowing them to customize complete cities as they stake and earn to achieve their dreams. Unlike most other GameFi platforms that lose their appeal over time, Billionaire Plus will help to sustain the interest as it not only lets people play to earn but understand basic investment strategies such as estimating the best times to make trades.

Metaverse Estate Tycoon

Monopoly is perhaps one of the best-known board games around today. Centered on hours of fun and entertainment, the concept is to build your modern real estate empire and earn from the different buildings and properties. Billionaire Plus takes that concept and brings a much larger version of it in the shape of a whole metaverse where users can build complete cities. It is not the only building or virtual construction that players can do, but they can buy, sell and trade their properties and time their trades just right to make money.

Each option that is exercised comes with the chance to increase holdings. On top of that, all in-game items, be it the characters (avatars) of the players or the land/building they own, are represented by NFTs. The more unique the avatars and properties are, the more valuable they become which can then be sold for profits as NFTs.

Metaverse, Meta Features

As a GameFi platform, Billionaire Plus offers a blend of a traditional game board and DeFi to create a completely new class of blockchain gaming:

  • Staking: Stake your $BPLUS tokens and earn NFTs.
  • Farming: Take part in different matches and farm to receive $KOB and $BPLUS.
  • Mine: Create a collection of NFT items (characters, buildings and other in-game items to mine tokens.
  • Marketplace: Buy, trade or sell NFTs
  • Build to Earn: Construct buildings on your land to increase your winnings.
  • Socialize to Earn: Make an impact and aggregate followers. The more you have, the more winning chances increase.
  • Challenges: Enter another player’s property to challenge a game to win. Alternatively, people can enter your property and if you defeat, you earn.

$BPLUS: Token for Billionaires

$BPLUS is the utility token for the Billionaire Plus ecosystem and is limited to only 10 billion in totality. The IDO is set in mid-December and will see 300 million made available for the public. 

Billionaire IDO will also come with an anti-dumping mechanism, with only half of the acquired tokens released at the TGE to all participants. The rest of the tokens will be released in two stages of 25% per month. This is designed to stop large volume players from selling off their tokens at profits and protect the long term viability of the project and other investors’ money.

Billionaire Plus is backed by X21 Digital, Lavender Capital, Fish DAO, Avalon Wealth Club, the Maven Capital, Unanimous, 2CRZ NFT, DCI, Fairum Ventures, Legion Ventures, Alphamoon with the other individual backers for marketing and growth hacking. To know more about the Billionaire Plus metaverse and GameFi platform, visit their website and whitepaper

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Media Contact – 

Billionaire Plus

info@billionaireplus.io

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Press Release

Devia8 Launches on PancakeSwap Today after Successful Pre-Sale

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The All-in-One DeFi Platform Also Announces Upcoming Features

1st of December 2021 – Devia8, the world’s first AIO platform, launches today on PancakeSwap following a successful pre-sale. The event took place yesterday on on PinkSale, where investors were able to buy 554,525 Devia8 tokens for only 1 BNB.

Additionally, Devia8 announces the imminent release of its trademark features, which should provide users with a gateway to all things DeFi.

Devia8 aims to bridge the gap between CeFi and DeFi with an extensive suite of financial tools. Furthermore, it seeks to provide services for both expert and beginner crypto users. Lastly, it plans to give people more control over their finances than the centralized money management system offers. 

Its native token by the same name will provide both utility and stability in the growing Devia8 ecosystem. Interested investors can purchase it through PankaceSwap starting December 1st at 18:00 UTC. The platform will be supporting Ethereum & Binance Smart Chain Blockchains. 

Those looking for quick immersion in decentralized finance can opt for Devia8’s services. The all-in-one platform features a DEX, advanced analytics, automated trading, and a scam protector. Additionally, it provides crypto farming and staking, a non-custodial wallet, real-time audits, and a DeFi portfolio tracker. These are just a few of the many Devia8 features. The team will announce more in the weeks to come here.

About Devia8

Devia8 is a blockchain-based platform looking to provide a comprehensive suite of DeFi services. Its name is pronounced as “de-vi-ate.” It explains the project’s ambition to offer different opportunities than similar industry platforms. A three-tier structure and an anti-bot feature will provide fair advantages to all investors, regardless of their experience.

The Devia8 team is available at:

Devia8 Website

Devia8 Twitter

Devia8 Telegram

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Fairies Finance Announces Successful KYC and Audit as Presale Date Nears

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Chennai, India,  Fairies Finance is announcing the successful audit and KYC of its smart contracts. The platform had mentioned the start of the audit and KYC through their social media pages. Following the successful audit, Fairies Finance network now has the go-ahead to start its Presale soon on the Pinksale Launchpad.

Fairies Finance Audit Report Released

Today, Watchtower released the Fairies Finance  audit report on Github, which indicated that the Fairies Finance network is ready for business. The Watchtower blockchain and smart contract auditing network began the audit in November.  

According to the report, the Watchtower implored a wide array of tests to test for DOS and other gas-connected attacks. The audit checked in-depth on various aspects of the projects, from the token, the taxing, and other vulnerabilities. 

After the audit process, Fairies finance announced no high severity issues. The absence of high severity issues is good for the project since it means they can protect investor security. But, Watchtower identified other medium and low severity issues. The medium severity issues noted in the Fairies Finance smart contracts are common, especially for reward contracts. 

Other low severity issues were noted in Fairies Finance, including a high distributor’s gas limit capped at 500000. The above means if BNB prices increase, the gas fees will go higher than rewards.  All in all, Fairies Finance investors should be able to work with the minor issues noted with smart contracts. 

Fairies Finance KYC Report 

Fairies Finance also announces the release of their KYC scan report. KYC scanning mainly focuses on the team behind the project. In KYC, the scanner looks at the team, checking for any money laundering connections. If one team member has money fraud issues, the entire project could be at risk.  

According to Fairies Finance, Pinksale conducted the KYC scanning of their team. Pinksale did not discover any issues connected to the team. 

The Presale Launching Soon

After the audit and KYC, Fairies Finance is announcing its Presale, which will start soon. The network has a native token dubbed Fairies, which will power the services offered within the platform. 

Fairies Finance is inviting investors to participate in its Presale event, which will begin on 1st December 2021 at precisely 08:19 UTC. The Presale is less than 48 hours away. The fundraising event will run till 10th December at 16:40 UTC. The Presale could be cut short if the network hits the hard cap early. 

The Pinksale Finance Launchpad will host the Fairies presale. Fairies Finance targets to raise a 350 BNB softcap or 700BNB hardcap. Each participant can only purchase a minimum of 0.1 BNB or a maximum of 5 BNB.

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Media Contact

Gopinath S

Official Email: gopi@fairies.finance

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