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vEmpire DDAO: The Fight for Decentralization Begins as Its NFT and Token Launch Looms

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The word decentralization applies in almost every detailed project currently involved in the crypto-verse. However, there’s practically no ideal situation where the word should coexist with centralization in any way. Sadly, we live in a world where Decentralized Autonomous Organizations (DAOs) have willingly sunk into centralized concepts. If Satoshi were around to see the future decentralization at the moment, would he jump in joy? This is where vEmpire comes in.

vEmpire is a Democratic Decentralized Autonomous Organization (DDAO) that plans to revamp fairness and decentralization back to DAOs. The project lives by the word that rewards belong to those who portray loyalty and honour in decentralized organizations. It is calling out those going astray, who give the power to their own pockets rather than their communities.

Everyone Seems Fine; Why Fight for Decentralization Now?

Founders and big-time investors in the Metaverse & DAOs today control significant aspects of decentralized communities, including monetary features. Other parameters such as voting rights, issuance of NFTs, and coins mainly depend on how deep the investor’s pockets seem. If you take a step back, you will realize we are continuously drawing ourselves back to centralized governance in a ‘decentralized world.’

Although unnoticed, the essence of control belonging to the community slowly skids away. Centralization essentially means people with higher positions have a more prominent voice within a community, a feat Englishmen call Capitalism.

vEmpire would like to remind stakeholders in DAOs that everyone should have a say. Token holders are just as important as they stand, and without them, an organization is meaningless. Its first target is the Metaverse group, where big players slowly get away with reaping profits from centralized practices.

vEmpire: Amplifying the Voices of the Unheard

Decentralized projects such as Decentraland, Decentral Games, Sandbox and Upland operate in ways where decisions lie in the hands of stakeholders. Surprisingly, not many people notice these projects have somewhat become a monopoly of the Metaverse group. 

For instance, Metaverse Group has a digitized Real Estate Trust program where users sell their properties, and the former mischievously sells the land back to them at massive premiums. vEmpire identifies the unfairness and firmly suggests these atrocities must stop at once. The project plans to invade these “Decentralised” Metaverses by allowing staking of Metaverse tokens onto its platform, these will then be used continuously to buy land, monetising then reinvesting to gain an overwhelming presence in any Metaverse they set their sites on.

Eventually vEmpire wishes to birth a Metaverse of its own, a home planet where token holders who stake their tokens, just like MANA, will have the potential for massive yields while upholding true decentralization.

Users can also earn profits by participating in games using the Empire’s gaming token VEMP or by solving the project’s NFT puzzle, besides staking and selling the assets.

The VEMP Token: Fueling the Conquest of Decentraland

The VEMP token is the native token of the Empire. It is also a currency for trading NFT card battle winners, stakers, liquidity providers and the DDAO at large. Since vEmpire targets the heads of decentraland, VEMP is a perfect way to lead MANA token holders back to decentralization.

Moreover, since decentraland only involves MANA, the Empire plans to integrate VEMP and MANA into the ecosystem.vEmpire aims to buy the virtual assets from Decentraland, including Estates and Land, and monetize as well as customize them in the likes of the Empire. 

This initiative will help decentralized communities get back control. All proceeds collected after the sales of properties will be distributed back to the DDAO. Learn more about the Fight against Decentraland here.

Token Presale and Tokenomics

The journey begins as vEmpire stands as an incubated protocol on Unicrypt, a protocol that has hosted about 450 projects with only four of them passing the strict criteria to become incubated. Users can participate in the Public Sale of vEmpire’s Gamer Token VEMP on Unicrypt’s ILO  scheduled on 31st August at 2000H BST. 

The initial total supply of VEMP stands at 90M. Minting of VEMP tokens will then proceed as follows;

  • After one to three years,VEMP will be minted at 20 per block
  • In the next four to twelve years, the number comes down to 15 per block 
  • After that, in thirteen to nineteen years, it comes to 10 per block
  • In 20 to 21 years, the minting will stand at 5 per block 

With all parameters tallied in, the total supply stands at 810,720,000 VEMP. 

xVEMP: Governance to the DDAO

Users can stake their VEMP tokens to earn xVEMP, which immediately enables them to earn rewards and hold voting rights positions. xVEMP holders earn the right to collect profits from card battles and monetized land. This subsequently and automatically should skyrocket the value of xVEMP tokens which can be redeemed for VEMP at any time. 

The Empire’s voting involves each token holder having one vote, unlike most DAOs where big pockets equal more voting rights. However, to make decisions, the threshold for owning one vote stands at $1000 to send away bots and prevent Sybil attacks.

vEmpire’s goal is to reward its users with high profits by rerouting Land and NFT proceeds back to them instead of taking it to stakeholder’s pockets. All the Profits earned within the Empire are shared among all staked token holders. Furthermore, with the incentives given by the owners of xVEMP, voting rights belong to the community. For that reason, vEmpire is a democratic ecosystem, a DDAO, and not just any regular DAO.

Users can receive rewards from staking after unstaking from the DDAO as the profits received from battles and monetized land. Notably, the rewards come bearing a yield. Click here to find out more about yields from the VEMP and xVEMP tokens.

vEmpire NFTs Presale

The vEmpire platform is offering NFTs. They fuel the gaming community, specifically The Founding Soldiers. The NFT fee revenue, after initial development, will be collected and shared among users who stake their VEMP. 

The project has already launched its first 100 NFTs, dubbed The Cataphracts, on 1st August at 9 PM BST the auction for vEmpire’s first ever NFT ends with the current bid at 1 Ethereum. The remaining number of NFTs are up for grabs on OpenSea.io at a fair price of 0.1ETH to benefit early supporters. Please take advantage of the sale as it is needless to say the prices are lucrative: you may not get a better signal to buy ever in your life that is as clear as this due to vEmpire stating that these will be the cheapest prices they ever list NFTs at.

Why You Should Join the vEmpire NFT Craze

vEmpire have found a way to make the experience exciting. Cataphracts, according to vEmpire, harbour 99 scrolls left by the Emperor, which carry clues to a quest whose end comes bearing gifts. The Empire hid these scrolls from the 2-100th NFTs in the Presale.

For those die-hard puzzle game lovers, each of the 99 NFTs(Cataphracts) on the Presale has distinct letters and numbers that lead players to influencers on social media. These influencers carry with them clues that show users a pathway to another clue. The first clue has already been released by @CathyHackl with only six left with; @intocryptoverse @Jihoz_Axie @DCLblogger @SpartanBlack_1  @themooncarl @DENTOSHI

The cycle continues until one captures all the clues, and the winner gets 1% of VEMP’s total supply. If VEMP’s total supply nears even half that of MANA, you are looking at a prize of $5M. That sounds interesting, right? CEO Dominic Ryder(Romulus) assures you it may very well take years to solve.

About vEMPIRE DDAO LTD

vEmpire DDAO Ltd is a UK-based entity that focuses on the true decentralization of Decentralized Autonomous Organizations. The startup, whose leader is Dominic Ryder as the CEO (Romulus), aims to wage war on DAOs that have decided to fixate centralization back into decentralized communities. Please read the story behind vEmpire on its whitepaper here. You can also get the latest updates from various vEmpire social handles such as;

Twitter – Click Here

Instagram – Click Here

Telegram – Click Here

Medium – Click Here

Website – Click Here

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Trivolve Tech and Quixy joins hands to Revolutionize Forensic Systems in India on Cardano

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Trivolve Tech, a blockchain and AI product studio and Quixy, a leader in no-code/low-code enterprise solutions, , have officially partnered to co-develop cutting-edge forensic management systems for state governments across India. This collaboration aims to revolutionize the handling and integrity of forensic evidence by integrating Cardano blockchain technology and Zero-Knowledge Proofs (ZKP) into evidence management systems.

The project will initially focus on the Uttar Pradesh state government, which handles over one million forensic cases annually. The key objective is to enhance the forensic chain of custody—a process crucial for ensuring the authenticity and integrity of forensic evidence presented in court.

Addressing the Challenges in Forensic Evidence Management

Forensic departments in India face significant challenges in maintaining the chain of custody for evidence. Current centralized systems are vulnerable to tampering and unauthorized access, posing risks to the credibility of evidence in legal cases. The joint venture between Quixy and Trivolve Tech addresses these challenges by developing a decentralized solution leveraging Cardano’s smart contracts and Zero Knowledge Proofs. This approach ensures that every step in the chain of custody is immutably recorded on the blockchain, providing an unprecedented level of transparency and security.

Integrating Cardano Blockchain for Enhanced Security and Scalability

Cardano, one of the most decentralized and sustainable blockchain platforms, will be integral to the forensic management system through its cryptographic hashing. Cardano operates on a proof-of-stake (PoS) consensus mechanism, which makes it 99.99% more energy-efficient than Bitcoin and Ethereum. This sustainability, coupled with security, positions Cardano as an eco-friendly option for large-scale projects like this one.

Rahul Konudula, CEO of Trivolve Tech, commented, “By integrating Cardano blockchain with forensic management, we are providing a game-changing solution that improves transparency, accountability, and security for law enforcement agencies. This collaboration could set the standard for forensic evidence management across India’s 28 states and 8 union territories.”

About Quixy

Quixy is a no-code/low-code platform that helps organizations automate business processes and build enterprise applications faster with fewer resources. With over 26,000 no-code apps and 200,000 users, Quixy is one of India’s leading software companies.

About Trivolve Tech

Trivolve Tech is a product development studio solving real-world problems through Blockchain and AI. They integrate blockchain into enterprises and government operations, driving innovation and sustainable growth while enhancing liquidity by tokenizing Real World Assets.

For more information, please visit:
Quixy – https://quixy.com/

Trivolve Tech – https://trivolvetech.com/

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RateX Launches on Solana: World’s First Leveraged Yield Exchange teaming up with Jupiter and Jito

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RateX Goes Live on Solana Mainnet on 17th Oct 2024. RateX, the world’s first leveraged yield exchange, has officially launched on the Solana mainnet, marking a significant milestone in the decentralized finance (DeFi) space. Built with innovation at its core, RateX enables users to trade synthetic yield tokens (YT) of various yield-bearing assets (YBA) with leverage of up to 10x. This powerful platform introduces groundbreaking solutions to maximize capital efficiency, while addressing common DeFi challenges, such as impermanent loss and limited yield-trading opportunities.

RateX, a proud recipient of a grant from the Solana Foundation and the first-place winner of the Solana Renaissance Hackathon (MCM), aims to push the boundaries of decentralized finance. The platform’s unique value proposition comes from its use of synthetic yield tokens, which track the yield of different assets and allow traders to take positions with leveraged exposure. This gives users more flexibility and opportunities to capitalize on fluctuations in yields, empowering them to generate higher returns on their investments.

The introduction of RateX also brings a cutting-edge Time-Decaying Automated Market Maker (AMM) to the forefront. This AMM is designed to improve capital efficiency while reducing the risks traditionally associated with liquidity provisioning, particularly in expiring contracts. The mechanism minimizes the potential for impermanent loss—a common issue for liquidity providers (LPs) in volatile markets—and aims to eventually eliminate it altogether. As a result, RateX offers a more robust and rewarding environment for both traders and liquidity providers.

In addition to its leveraged yield trading capabilities, RateX caters to users looking for stability by providing fixed-yield options. These options allow users to lock in specific yields over a predetermined period, offering more predictable returns compared to the highly variable DeFi market. Whether traders are seeking high-risk, high-reward opportunities or more stable, consistent gains, RateX provides an ecosystem that accommodates diverse trading strategies.

Key Partnerships with Jupiter and Jito

Further bolstering its platform, RateX has announced strategic partnerships with two prominent players in the Solana ecosystem—Jupiter and Jito. These partnerships not only strengthen RateX’s technological infrastructure but also extend its reach within the DeFi and staking communities.

Jupiter, one of the largest decentralized trading platforms on Solana, is known for its high liquidity and strong governance framework. With an extensive community and a focus on enabling smooth cross-asset trading, Jupiter plays a pivotal role in bringing liquidity to the RateX platform. This partnership ensures that RateX users will benefit from deep liquidity pools, efficient price discovery, and seamless execution of trades. Jupiter’s active governance community also opens the door for collaborative development efforts, allowing RateX to evolve in line with community-driven innovations.

On the staking side, RateX has joined forces with Jito, the leading liquid staking platform on Solana. Jito’s expertise in liquid staking will enhance RateX’s offerings by providing users with access to staking-derived yield-bearing assets. By leveraging Jito’s technology, RateX can integrate liquid staking into its synthetic yield ecosystem, offering even more diverse options for traders to earn yield. With this partnership, users can expect enhanced staking efficiency, better capital utilization, and a broader range of yield-bearing assets available for leveraged trading.

A New Era for DeFi: RateX as a Pillar of Infrastructure

The launch of RateX comes at a time when the DeFi sector is evolving rapidly, and the demand for more sophisticated financial products is higher than ever. By pioneering leveraged yield trading and forming key partnerships with Jupiter and Jito, RateX is positioning itself as a crucial pillar of the Solana ecosystem and DeFi infrastructure at large. RateX’s mission is to redefine how yield movements are traded, making the entire process more efficient, transparent, and accessible to both seasoned traders and new entrants to the space.

As the world’s first leveraged yield exchange, RateX is primed to play a central role in shaping the next phase of decentralized finance, often referred to as the “next DeFi summer.” With its innovative platform, strong partnerships, and focus on capital efficiency, RateX is setting the stage for a new era of financial freedom and opportunities for DeFi enthusiasts worldwide.

Learn more about RateX and join the future of decentralized finance:

Website: rate-x.io

Twitter: RateX_DexDiscord: RateX Community

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Blockchain Life 2024 in Dubai: A Legendary Gathering of Market Insiders Before the Bull Run

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On October 22-23, the legendary Blockchain Life 2024 forum will take place in Dubai. Over 10,000 participants from 120 countries will come together for the crypto event of the year to share insider information on the eve of Bull Run 2025.

Esteemed speakers will provide expert market analysis, laying the groundwork for the market’s growth.

Confirmed figures include:

  • CEO Tether – Paolo Ardoino 
  • Co-Founder Animoca Brands – Yat Siu 
  • CEO Ledger – Pascal Gauthier
  • CEO Cardano Foundation – Frederik Gregaard
  • CEO Dubai Blockchain Center – Dr. Marwan Alzarouni 
  • Co-Founder Litecoin Foundation – Xinxi Wang
  • CEO Vechain – Sunny Lu
  • CEO of dYdX Foundation – Charles d’Haussy
  • Founder Listing.Help, Jets Capital – Sergei Khitrov
  • Founder DWF Labs – Andrei Grachev
  • Co-Founder Tezos – Arthur Breitman
  • CEO Trust Wallet – Eowyn Chen
  • Co-Founder Osmosis Labs – Sunny Aggarwal 
  • Co-Founder of Sui (Mysten Labs) – Kostas Chalkias
  • Head of Investments at Maelstrom Fund – Akshat Vaidya
  • Founder Notcoin – Sasha Plotvinov
  • Co-Founder, CEO Celestia Labs – Mustafa Al-Bassam
  • Google Cloud – Tiago Henriques
  • Program Lead MetaMask – Zied Brini

In addition to an impressive lineup of speakers, Blockchain Life 2024 offers unprecedented networking opportunities. With a premium audience of high quality, behind-the-scenes discussions will be rich in insights and lead to extremely valuable connections.

Just two days at Blockchain Life 2024 can surpass a year of fruitful work. 

The forum is coming soon. Purchase your tickets with a 10% discount using promo code ZEXPR

https://blockchain-life.com

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