Connect with us

Press Release

Why Dash Could Be the Top Performing Altcoin in 2021

Avatar

Published

on

Dash (DASH) is a cryptocurrency targeting the digital cash use case designed to offer everyone financial freedom. The payments-focused coin continues to see increased adoption as it facilitates the sending and receiving of payments swiftly and securely with near-zero fees.  

Since it launched in 2014, the crypto has seen steady growth in value, hitting an all-time high of $1540 in Dec 2017 according to CoinMarketCap. 

Dash developers built this coin based on the blockchain tech deployed by Bitcoin. However, it offers advanced functionality such as much higher transaction speeds than Bitcoin because it leverages a unique model that involves masternodes, incentivized nodes which perform special functions for the network.

Another improvement on Bitcoin is that Dash transactions can optionally be mixed making all coins equal and fungible and more difficult to trace, making them safe for consumers to use to purchase goods and services without sensitive data exposure.

The popular payments coin boasts a self-funding model that enables the network to fund any necessary improvements on the Dash technology. It also has a self-governing model that makes for a truly decentralized experience for users who can vote on any upgrades/alterations to the network’s core functionality, as well as funding projects and initiatives.

Dash has introduced a decentralized autonomous organization (DAO) mechanism that allows users to vote on critical decisions that determine the project’s direction.  

Dash Has the Edge Over Other Cryptocurrencies

Dash integrates a host of powerful features that give it an edge over other crypto assets such as Bitcoin and Litecoin. 

For one, the Dash cryptocurrency blockchain builds on the bitcoin system to introduce masternodes that complement miners’ work. The growing team of Dash masternodes is primarily responsible for enhancing the network’s security and facilitating transaction mixing (PrivateSend). 

This PrivateSend service enhances privacy in the Dash ecosystem, making it difficult to track transactions or find out users’ identities and balances, protecting them from risk of becoming a target for criminal activity such as theft and extortion. This feature is built into network infrastructure itself and is a massive advantage that Dash offers over the completely public Bitcoin ecosystem, which must rely on third-party services to protect consumers.

The network also rewards masternodes for ensuring that Dash transactions are as instant as cash transactions (InstantSend). Masternodes are also in charge of the governance and treasury system.

Dash solves the inherent problem of wide consumer adoption of Bitcoin with its InstantSend feature. It takes about 10 minutes for a BTC transaction to get confirmed under ideal circumstances, an issue that threatens to derail the mass adoption of the top crypto for everyday payments. 

On the other hand, Dash transactions are almost instant; on average, a transaction is confirmed by the masternode network in under 2 seconds using InstantSend, with a transaction becoming entirely permanent and irreversible within about 2.5 minutes thanks to the ChainLocks advanced security feature

Therefore, Dash improves on the Bitcoin network’s scalability by prioritizing on-chain scaling facilitated by a seamless and fully-incentivized infrastructure, with university research conducted specially for Dash showing that the network can handle transaction loads comparable to what modern payment networks such as VISA can handle today.

Why You Should Invest in the Dash Cryptocurrency

The price of Dash has skyrocketed by almost 40% in the last week, making it one of the best performing crypto assets at the moment. 

As a result of that surge, Dash currently has a market cap of over $1.6 billion as per data from CoinMarketCap. At the time of writing, the top payments-focused coin is up 11.3% to trade at $232.

               DASH/USD Chart By TradingView

The recent spike in the DASH/USD pair has excited the crypto community on Twitter, with one user calling for the price to soar as high as $1,000. 

Per the latest report from the Dash Core Group, the Dash cryptocurrency posted impressive growth in 2020. The blockchain network saw the total volume of payments reach $916 million, up 80% from 2019.

The Q4 2020 results highlighted a massive growth in average trade volumes from $9.8M to $37.4M, representing a 282% year-over-year jump. Commercial payment values on the Dash network also saw a tremendous increase, soaring 37.3% year-over-year and surpassing 22,000 transactions per day.

Dash Core Group also revealed that Dash adoption as a digital payment method across retail stores was rising. They noted that the payments coin outperformed BTC in terms of the number of retailers accepting digital payments in the US in January. 

Enhanced merchant adoption, along with the current strong market and technical fundamentals, make Dash one of the most lucrative crypto investments to keep an eye on in 2021.  

Continue Reading

Press Release

Y2B introduce protocol to allow users hedge, leverage, speculate and trade the different components of pegged assets

Avatar

Published

on

Y2B Finance is a suite of structured products designed for exotic peg derivatives, that will allow market participants the ability to robustly hedge or speculate on the risk of a particular pegged asset (or basket of pegged assets), deviating from their ‘fair implied market value’.

Introducing Y2B Finance

Y2B Finance is the hard fork from Y2K Finance, they follow the exact same protocol from what Y2K team did. It is a suite of products designed for exotic peg derivatives that will allow participants to hedge or speculate on the risk of a particular pegged asset (or basket of pegged assets), deviating from their ‘fair implied market value’.

The protocol brings three main products to the table:

Typhoon

This flagship Y2B structured product leverages a variant of the ERC-1155 standard for the creation of fully-collateralized insurance vaults. Users can use these vaults to hedge, speculate and underwrite the volatility risk associated with various pegged assets. Token holders are rewarded from trading fees derived from this marketplace.

Users can hedge against these assets de-pegging by depositing ETH collateral into the Hedge vault and receiving Y2B tokens (Vault Tokens) in return.

Initially, users can hedge against USDT, USDC, BUSD and DAI de-pegging with weekly and monthly time periods. More assets will be supported in the future.

Volcano

Volcano is a Collateralized Debt Obligation (CDO) powered lending market for pegged assets with MEV-proof liquidations. Volcano is the secondary market place that builds on top of Typhoon tokenized vaults. Since collateral is locked up for the duration of the vault cycle, this secondary market allows users to enter and exit positions in real time via its order book.

Wildlife

Wildlife is an on-chain RFQ orderbook where users can trade Y2B risk tokens amongst themselves, both unlocking ample liquidity and allowing for rapid repricing of semi-fungible tokens.

In other words, Y2B Finance offers a fully transparent, on-chain insurance solution for users, DAOs, and more looking to hedge against their pegged asset positions. Y2B also further promotes decentralization by making these markets accessible for all participants and by providing instant and guaranteed payouts via Chainlink oracles.

Y2B brings a new set of tools to DeFi that will allow users to better manage their stablecoin risk. 

To keep up with Y2B follow them on Twitter.

Official Website: https://y2b.finance/

Discord: https://discord.com/invite/uE3XgpYNJA 
Official Docs: https://docs.y2b.finance/y2b-docs/

Continue Reading

Press Release

SolidProof Announces New Partnerships to Further Enhance Services

Crypto Chain Wire

Published

on

SolidProof, a leading blockchain-based audit/KYC services provider, announced new partnerships that will further enhance its ecosystem.

The new partnerships will provide the blockchain community with enhanced services and enrich the SolidProof ecosystem. The move aims to help SolidProof become the go-to provider for secure smart contract audits, KYC services, and more.

New Partnerships Enriching the SolidProof Ecosystem

SolidProof’s Twitter account brought many interesting announcements these last weeks. The company continues to form new partnerships with some of the most exciting projects in the blockchain & crypto space.

For example, they have recently announced a partnership with Crypto Miners. This is a marketing and educational firm working with some of the hottest blockchain projects and crypto on-ramp platforms. The goal is to take crypto to the next level and expand the company’s reach.

The team also partnered with Coination, a specialized AMA firm with a huge German community. The group taps into untouched crypto interests, representing a great addition to the SolidProof ecosystem.

Moreover, they announced the launch of CookieSale. This is a new crypto launchpad for which SolidProof will provide audit, KYC, and marketing services.

PeanutTrade is another project with which the company signed an important partnership agreement. PeanutTrade focuses on DEX strategies. It helps web3 startups list a token on a DEX, manage automated liquidity, and trade on the decentralized exchange.

SolidProof also announced its partnership with Blockdeed. This is a global real estate marketplace using smart contracts for property transactions. Users can manage their for-sale portfolio through private dashboards and sales management tools.

Finally, MusureWorld is yet another exciting cooperation that the company recently announced. MusureWorld enables creators and gamers to enter the metaverse economy.

Providing the Blockchain Community with Enhanced Services

The new partnerships announced by SolidProof will bring great innovation and convenience to the blockchain community. They will enrich the SolidProof ecosystem, making it easier for users to live an exceptional experience in the blockchain sphere.

These collaborations also prove the company’s commitment to providing its customers with top-notch services and the best user experience possible.

The team behind SolidProof works hard towards achieving growth and providing a wide range of services to the crypto community. With their new partners by their side, they made one step forward to make that dream a reality.

About SolidProof

The German-based company SolidProof offers a wide range of smart contract audit, KYC, and marketing services. The team behind the project works hard to offer its customers the safest, most compliant, and most secure services possible.

Their mission is to become the go-to provider for everything blockchain audit and KYC related. In order to achieve this goal, they offer their customers top-notch services and an unbeatable user experience.

SolidProof has been making great strides in the blockchain and crypto space, forming new partnerships in a growing ecosystem. These collaborations will bring a great deal of convenience to the blockchain community and make SolidProof’s services even more accessible.

SolidProof’s website and social pages represent a great way to keep in touch with its latest news, partnerships, and services.

Twitter (Official) | Twitter (Insider) | Facebook | Telegram

Continue Reading

Press Release

DIFX Says Hola Mzansi by Joining Hands with Digital Banking Platform eZaga to Launch DoshFX

Crypto Chain Wire

Published

on

Fully secured centralized exchange, DIFX has officially partnered with eZaga, South Africa’s premier digital banking platform, to set up a new regional crypto platform, DoshFX.

Digital Financial Exchange known as DIFX is an EU-regulated CEX, disrupting the financial industry by bridging digital and traditional assets. With DIFX, users can create diverse portfolios in various asset classes like indices, forex, CFDs, commodities, futures, and cryptocurrencies all while having access to a fully secured wallet. In a mission to expand its services and accelerate blockchain adoption through the African continent, DIFX has officially partnered with the South African digital banking platform eZaga.

Founded in 2014, eZaga has been a pioneer in providing financial solutions to the underbanked & informal sector with innovative tools and services that enable people to transform the way they manage finance through the use of mobile technology. Over the past 2 years alone, the African continent has become a well-developed crypto market that has seen deep penetration and integration of cryptocurrency into everyday financial activities for many users. In fact, the Chainalysis report for June 2022 showed that Sub-Saharan Africa was the overall leader in retail crypto transfers, accounting for 80.1% of the global regional transactions.

Therefore, to service this growing industry, both DIFX & eZaga have joined hands to create a new financial platform catered explicitly to the African continent called DoshFX.

DoshFX will serve as an exclusive multi-asset trading platform for users from the African continent and help increase the rate of adoption found in the region. A key mission of DoshFX is to improve financial services around the continent with blockchain technology, cryptocurrencies, and traditional assets. The new platform will be utilizing both parent entities’ crypto and banking solutions to reach a wide audience of crypto enthusiasts and traders alike. Furthermore, the unique partnership allows all eZaga users to open an account on DoshFX without any additional KYC requirements and have access to a secure custodian wallet.

Regarding the partnership, DIFX CEO & Co-Founder Jeetu Kataria stated “Our primary mission as DIFX is to provide a robust trading platform for our global users so that we can increase the acceptance and adoption of blockchain and digital assets in a secure and transparent manner. We want to foster a world where payments and financial management are done with the ease of your fingertips. For us, the creation of DoshFX is an extension of the DIFX mission of forging a blockchain future along with our commitment as a member of the digital space to take part in helping the industry with its adoption and bring financial inclusion to all people, especially the unbanked majority, through various digital assets.”

Saud Ally, CEO & Founder of eZaga added “The creation of DoshFX is a needed service for the African continent, as the growth of adoption in the region is unbelievable. With this new venture, we want to expand eZaga’s banking capabilities and give our existing users a platform to leverage blockchain and digital assets.” Ally further stated that “DoshFX and eZaga are working together with DIFX to create a new infrastructure that will make money move instantly, identify users, and allow them to connect to bank accounts and credit cards.” Both the respective founders also shared their mutual passion for investing in South Africa’s innovation layer and developing DoshFX to act as a foundation for all future developments and blockchain scalability within the continent.

About DoshFX

DoshFX is a premier African centralized exchange created through a partnership between a fully secured cross-asset trading platform & African digital banking platform to provide users within the region a safe and secure way to trade cryptocurrencies like BTC, ETH, USDT, and much more.

DoshFX is powered by eZaga Capital bearing license number FSP license no. 44133, Auth FSP.  Limits, terms, and conditions apply.

To learn more about the services and features of DoshFX, visit doshfx.io

About DIFX

Digital Financial Exchange (DIFX) is a centralized cross-asset crypto exchange that allows users to trade between multiple asset classes that include indices, forex, crypto, metals, and commodities, just to name a few. The DIFX fully insured crypto wallet comes from a partnership with Fireblocks, one of the leading crypto custodians in the world.

DIFX was presented with the “Most Trusted Cross-Asset Trading Platform — 2022” by the Crypto Expo Dubai and the “Best New Trading Platform Award” at the E-Business Awards 2021 by Entrepreneur Middle East and the Forex Expo 2021.

To begin your journey with Endless Possibilities, download the app now from the iOS or Google Play Store, or visit us at difx.com.

About eZaga

eZaga is a South African digital banking platform and authorized financial services provider that enables African users to open a bank account via their mobile phones in less than two minutes. It leverages mobile technology like USSD and a mobile app, existing banking infrastructure like ATMs, and a low-fee structure to empower unbanked people and organizations to achieve more.

To learn more about eZaga visit https://www.ezaga.co.za/ or download the app now on iOS or Google Play Store.

Continue Reading

Trending