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Unicrypt Integrates the Elrond Network to Introduce Enhanced Interoperability Levels

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5 years ago

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Unicrypt, a robust platform offering multi-chain decentralized crypto services, will start the integration work with the Elrond Network in Q3 of 2021. 

The development will enable Unicrypt to deploy its wide range of current and future applications on the Elrond chain, which currently has 639K Mainnet wallets with 6.2 million transactions and approximately $11.4M staked. 

Why the Elrond Integration Matters!

For starters, Unicrypt plans to deploy its liquidity lockers that protect DeFi investors against exit scams, along with the Unicrypt browser, on top of Elrond’s intuitive end-user app, Maiar exchange.

Maiar is revolutionizing DeFi services by similarly fostering critical mass adoption to the internet browser invention of the internet. The exchange currently boasts over 1.72 million $EGLD staked by 59,000+ users.

The deployment of Unicrypt liquidity lockers, hailed as the pioneering liquidity locker on Uniswap pools introduces an extra layer of trust and security for newly launched DeFi projects utilizing Maiar liquidity pools. The Unicrypt team has hired a Rust developer to oversee the process.

The second step is deploying Unicrpyt token vesting options, which boosts confidence in potential participants of token offerings. The service enables a new project team to define its trustless long-term tokenomics plans and set up a lockup period (usually one or two years).

Token vesting can also serve additional purposes such as airdrops, community competitions, or fully decentralized linear token allocations for backers of an upcoming crypto project.

Finally, the Unicrypt team will review the usage of the above deployments and let the community vote on which service should be deployed on the platform next. The poll will determine whether the services mentioned above will take precedence over other offerings currently in the pipeline, including revamped iterations of the Unicrypt farming and staking tools and enhancements of the self-service incubation zone.

What Challenges Could the Integration Face?

Unicrypt will first have to identify which technical resources to deploy for the services deployed on top of the Elrond chain, as it has in the past exclusively built Solidity.

The next challenge will be educating the Elrond audience and users about Unicrypt technical services like migrations, liquidity locks, and trustless DeFi tools that require documentation. Unicrypt plans to mobilize technical and community support to help the Elrond users understand these concepts that may not be as clear to a BSC audience.

Elrond: The Most Energy Efficient POS Consensus Mechanism

Elrond is a potential future smart blockchain seeking to accelerate adoption for the world’s dev teams via its simple and powerful tatum.io blockchain infrastructure. Any user can leverage Elrond’s free API to develop apps without any specific knowledge of the blockchain.

The highly scalable, fast, and secure internet-scale blockchain deploys a Proof of Stake (PoS) algorithm and new Adaptive State Sharding mechanism to allow for a 1,000X cumulative improvement in performance. Elrond is the first and only infinitely scalable 3rd generation chain that scales up to 100,000’s TPS.

The Elrond project, led by CEO Beniamin Mincu, powers the building of distributed applications, enterprise use cases, and the new-fangled internet economy. The innovative blockchain project introduces the most significant development for an energy-efficient POS algorithm that fosters unprecedented fairness of all participants while circumventing network resources.

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Press Release

Fufuture Joins Hong Kong Web3 Festival 2026 as a Secondary Exhibition Sponsor

Published

29 minutes ago

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January 28, 2026

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Hong Kong Web3 Festival 2026 is proud to welcome Fufuture as a Secondary Exhibition Sponsor.

Build with Fufuture to revolutionize DeFi: https://fufuture.io

The Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto gathering that has been annually held since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

Hong Kong Web3 Festival will take place from April 20 to 23 at Hong Kong Convention and Exhibition Centre. The previous three editions of Web3 Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

Web3 Festival ultimately will have up to 300 speakers representing all aspects of Web3 and crypto on its stages. It has also attracted registrations from over 500 executives and corporate decision-makers in traditional finance and real economies. This enables the conference to be a high-level platform for in-depth dialogues and high-value connections.

As Asia’s premier crypto event, Web3 Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities.

Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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Press Release

Passey Announced as Secondary Exhibition Sponsor for Hong Kong Web3 Festival 2026

Published

20 hours ago

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January 27, 2026

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Hong Kong, 27th January 2026, ZEX PR WIRE, We’re excited to share that Passey joins Hong Kong Web3 Festival 2026 as a Secondary Exhibition Sponsor.

Unlock AI-powered insights for Bitcoin and Ethereum options, and make informed decisions with advanced infrastructure designed for modern investors: https://passey.xyz

The Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto gathering that has been annually held since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

Hong Kong Web3 Festival will take place from April 20 to 23 at Hong Kong Convention and Exhibition Centre. The previous three editions of Web3 Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

Web3 Festival ultimately will have up to 300 speakers representing all aspects of Web3 and crypto on its stages. It has also attracted registrations from over 500 executives and corporate decision-makers in traditional finance and real economies. This enables the conference to be a high-level platform for in-depth dialogues and high-value connections.

As Asia’s premier crypto event, Web3 Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities.

Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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Press Release

ELLIPAL Joins Hong Kong Web3 Festival 2026 as a Secondary Exhibition Sponsor

Published

21 hours ago

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January 27, 2026

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We’re thrilled to announce that ELLIPAL is now a Secondary Exhibition Sponsor for Hong Kong Web3 Festival 2026 taking place from April 20 to 23 at Hong Kong Convention and Exhibition Centre.

ELLIPAL is leader of Air-gapped cold wallet. Learn more: https://ellipal.com

The Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto gathering that has been annually held since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

The previous three editions of Web3 Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

Web3 Festival ultimately will have up to 300 speakers representing all aspects of Web3 and crypto on its stages. It has also attracted registrations from over 500 executives and corporate decision-makers in traditional finance and real economies. This enables the conference to be a high-level platform for in-depth dialogues and high-value connections.

As Asia’s premier crypto event, Web3 Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities.

Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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