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WiseToken: The Gold standard to DEFI on Binance Smart Chain launching on BSCstarter

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WiseToken (WISE) is a community-driven project building its DeFi token on the Binance Smart Chain (BSC). WISE is the first ever ownership less asset backed crypto in defi which has the following features such as:

  • Asset backed – meaning that WISE is backed (not pledged) with a large pool of BNB which means the price of WISE token will move with BNB and also independently. This gives its holders an exposure to the phenomena to “Diversification to one Token”.
  • No team token – yes, you heard it right. There aren’t any fixed reserve for the team or the developers instead they will get the WISE token the same way any other user will i.e. BUY IT
  • No Admin Keys – true decentralisation can be achieved only when there are ZERO % alterations, hence WISE token smart contract is designed in such a way that it will destroys the admin key and make WISE unalterable  

Despite the above features being one of its kind, WISE token is been audited by CoinFabrik (Report) and The WISE team also ran a 100 ETH bug bounty for the community to double check the code before launching

Project Components:

  • Stake: Earn consistent APY over a duration of time period chosen by user
  • Lend: Collateral Lend & Borrow – Leveraged (Like stalking with 1BNB and being able to lend 3BNB and making interest on the entire position)
  • Pool: Provide liquidity to partner DEX pools or the WISE token reserve pools
  • Hold: Users will be able to take advantage of multitudinous gains from WISE & its backing tokens such as Binance Coin (BNB) as well as Ethereum (ETH)

WISE Tokenomics

The WISE token contract has no set total supply, instead the initial supply minted by the users through the Liquidity Transformer which will fall under a defined range and partially by confined randomness and referral bonuses.

The 50 day Liquidity Transformer has an average of five million WISE available each day, though some days have randomness involved. This means the total supply available in the LT will likely be around 250 million WISE. Due to referrer bonuses, there could be up to an additional 10% minted on top of that (i.e. up to 25 million more).

For more information you can check out the doc section of WISE token here

Use Case of WISE Token

The current best use case for WISE is as a store of value. Since WISE is backed by an

un-removable pool of ETH on Uniswap, the only store-of-value risks are from sells on Uniswap,and the price of ETH itself going down vs the USD. On the other hand, buy on BSCstarter with BNB, compound the gains already seen when BNB is appreciating in price.

Liquidity: 5th largest pool on Uniswap

WISE has the 5th largest pool on Uniswap ($200 million). This locked liquidity acts as a bank to hold the value of WISE to a certain amount of ETH. More purchases on Uniswap increase the amount of ETH backing each WISE. In a worst-case-scenario, if all WISE were sold back to Uniswap, even the last to cash out would get some ETH back, and there would be 28,000 ETH remaining in the pool.

Launch on BSCstarter

WISE is launching a version of it’s contract on BSC in April. This will include a massive 15 day

long 200,000 BNB raise and $550,000 in instant cash prizes (paid out in BNB) for participants in the presale. We intend to create an initial $100 million liquidity pool for WISE on Pancakeswap.

About BSCstarter:

Innovation for bootstrapped projects has been grinding to a halt on the Ethereum blockchain. Exorbitant gas fees have nearly caused new project launches to stall and existing projects to lose user engagement — staking, claiming, and normal trades are costing ETH users hundreds in transaction fees.

And this trend will likely continue.

But innovation cannot be stopped. Over the past quarter, developers have sought lower-cost options to deploy their experiments. The Binance Smart Chain (BSC) has become the go-to platform for new product launches based on Solidity, and for existing projects looking to stay alive.

BSCstarter — it is a community-governed launchpad for raising capital for BSC projects, that isn’t filled with government red tape and KYC rules. Instead, it is the BSCstarter community that will determine which projects to list. It is the BSCstarter community that uses their collective due diligence and DYOR skills to vote Yes or No on projects coming through BSCstarter looking for funds.

The BSCstarter community is self-empowered to:

  • Performing due diligence on every submitted application on their own
  • For community members holding at least 100 START tokens, approving or denying applicants
  • Any community and non-community member can invest in approved START projects
  • Community members can approve a future grant of 1,000 START tokens if the project is on track as promised one month after the sale
  • FREE audit for projects who successfully complete a raise, by a trusted community auditor not corporate suit auditors
  • There are no special conditions — every project approved by our community is automatically given a 1,000 START token Incubation Grant, with a 30-day lock from the day of listing on PancakeSwap.

The BSCstarter developers benefit from: 

  • A reliable and vibrant, fully self-governed community seeking trustworthy launches on BSC 
  • An open and self-service application process, available for a one-man dev shop or 100-man operation 
  • An ecosystem that will help increase their chances of success via connections and potential partners who are aligned with their vision 
  • FREE contract audits by well-known community members (Rug Detectives and VidarTheAuditor) * A wonderful user experience for their customers

For Developers:

Unlike some of the other options available, the team behind BSCstarter does not serve as gatekeepers of the platform. Neither do we perform KYC or similar vetting to hand-pick projects for our establishment suits and VCs who attempt to continue getting ahead of us. Instead, developers from all walks of life are invited to self-submit their presale on BSCstarter — no approval needed from centralized teams controlled by investment funds! (Ref. Medium)

For Investors:

The team behind BSCstarter appreciates the DeFi community that has helped carry the industry for the past year, because they are us! We are the devs, the degens, apes, and chads/chadettes who are finally given a chance to invest in innovation that provides us with liberty, freedom, and equal opportunity for all. That’s why BSCstarter has an open door policy, where anyone who trusts the peer-review of projects from their fellow community members, can participate in any presale on the platform. (Ref. Medium)

Redefining Startup Incubation Through Blockchain

In the traditional world of startup incubation, project leaders are usually given a small investment after successfully completing their incubation program. They are also given the opportunity to raise more rounds in the future via lead investors and their networks if they continue to execute as originally pitched.

BSCstarter is replicating this exact concept and applying it to the decentralized community on Binance Smart Chain. Together with our hive minds and experiences, our community is collectively responsible for:

  • Performing due diligence on every submitted application
  • For community members holding at least 1,000 START tokens, approving or denying applicants
  • Any community and non-community member can invest in approved START projects
  • Community members can approve a future grant of 100 START tokens if the project is on track as promised one month after the sale
  • FREE audit for projects who successfully complete a raise, by a trusted community auditor not corporate suit auditors

There are no special conditions — every project approved by our community is automatically given a 100 START token Incubation Grant, with a 30-day lock from the day of listing on PancakeSwap.

Media Contacts:

BSCStarter

Website: https://bscstarter.finance/

Twitter: https://twitter.com/bscstarter

Telegram: https://t.me/BSCstarter

WISE Token

Website: https://wisetoken.net/

Facebook: https://www.facebook.com/wisetokens

Twitter: https://twitter.com/wise_token

Docs: https://wisetoken.net/docs#sec-2-1-1

Telegram: https://t.me/WiseToken

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TrueUSD Names Five Banks Holding the Stablecoin’s USD Reserve

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1. TUSD is currently in collaboration with five banks.
2. Partner banks provide a safeguard for TUSD’s asset security.
3. TUSD is now audited by auditing firm Armanino.

Stablecoin TrueUSD (TUSD) named five of its current bank collaborators that ensure asset security for its USD reserves.

According to TUSD, it currently works with Signature Bank, Silvergate Bank, Prime Trust, First Digital Trust, and BitGo for the safekeeping of USD assets that back the value of the stablecoin.

For one, Signature Bank is the first bank insured by the Federal Deposit Insurance Corporation (FDIC) to launch a blockchain-based digital payments platform—Signet.

TUSD partnered with Signature Bank, a New York-based commercial firm, and was then integrated into Signet, Signature’s payment network, opening 24/7 minting services within two minutes. TUSD admitted that this development “greatly” improved its financial services for its users. Interestingly, TUSD transactions within Signet are free.

Another TUSD partner bank from 2021 is Silvergate. This financial firm became one of the first banks to set up accounts for crypto transactions and has since become known as one of the few crypto-friendly banks.

TUSD leverages the Silvergate Exchange Network (SEN), providing users with another “efficient” token minting service.

Together with SEN, TUSD reinforces its near-instant minting and redemption services with Prime Trust’s PrimeX. PrimeX enables TUSD holders to mint and redeem tokens round the clock, offering instant settlements.

Users of the stablecoin can also mint and redeem their tokens with TUSD partner First Digital Trust. Although the bank implements minimum and maximum transactions, TUSD saw this as an opportunity to provide its users with options, especially if they plan on minting or redeeming small amounts of TUSD.

TUSD is also one of the early stablecoins that crypto custodian BitGo included in its offerings. BitGo’s secure multi-signature wallets allow TUSD users to purchase the stablecoin within the wallet. 

With BitGo, users can purchase and exchange TUSD with no fee. However, a minimum amount of $1,000 worth of TUSD is required to mint and redeem.

TUSD revealed that it is exploring more ways to better its services for its users. To do so, it plans to forge relationships with more bank partners.Earlier, TUSD was reported to now be audited by Armanino, a top European auditing firm. Armanino will attest to the stability of TUSD’s smart contracts on-chain. TUSD, in turn, becomes the only stablecoin that has implemented such security standards.

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Winning Projects are In as TRON Grand Hackathon 2022 Season 1 Comes to a Close

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The winning projects are finally in as TRON Grand Hackathon 2022 closed on March 14, coming off of a thriving victory. We’ve been tracking the winning projects closely on the TRON DAO Forum on all four tracks, Web3, NFT, GameFi, and DeFi. 

The Forum has been an influential site for developers to come together, share ideas, create threads, and interact with each other about the crypto community, and activity on the Forum accounted for 40% of the overall score. 

Each track’s final review panel consisted of crypto experts, KOLs, and a public community review board, whose scores accounted for 30%, 30%, and 40%, respectively. Community reviewers transparently voted on the TRON DAO Forum.

The crypto community was earnest to see the results of the judging period, which began on March 8 and ended on March 11.

Here are the winning picks in each of the four tracks:

In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team.

TronNinja is a NFT GameFi project on the TRON blockchain where you will be able to use your NFTs as characters in-game while earning our in-game token TronNinjas Token (TNT) in the TronNinjas Arcade. Their goal is not only to play games but bring back the social aspect that arcades had.

In the Web3 track, the winner is dCloud by Cctechmx.

Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy. By separating dCloud code like this, we’ll be able to reduce the developing effort. BitTorrent team delivers the binaries, dCloud team devs focus on implementing them to the specific OS environment and coding a single Graphical Interface for both major mobile platforms: Android and iOS.

“Wow, what a piece of application! There is nothing like supporting decentralization hand in hand with cryptocurrencies. Better yet, still supporting it in TRON and BTTC blockchain technology. I will be waiting to be able to use it in our daily lives!” Said a commentator.

For the NFT track, the winner is VersacBrickSquad by TuruGlobal.

Their goal is to make real estate investment available for all since most people don’t have sufficient funds to buy their own real estate. The Versac Brick Squad is a collection of DAOs investing in real estate assets jointly managing the assets in a platform structure provided by TuruGlobal and with that making Real Estate investment accessible for the people.

“This is something we really need in this space. Community power should not be underestimated. The DAOs are the perfect tool to make the most out of all the smart people out there. Thanks for the explanation,” another commentator said.

As for the DeFi track, the winner is JustMoney Exchange by JustMoney.

They aim to build an ecosystem for the next generation of decentralized applications to power Web3 by allowing crypto users to trade and offer cryptocurrencies on several chains and facilitate the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency.

“New features that truly come in handy for newcomers. You don’t have to risk any money due to failed transactions on JustMoney Exchange. It’s the little things that matter, and the team ensures it does its best to cover any issues,” a commentator said.

The decentralized community is pleased with the project winners and can’t wait to see what’s to come for Season 2. Registration begins May 16, 2022.

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Winning Project Disclosed as TRON Grand Hackathon 2022 Season 1 Ends

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After a huge hit, the TRON Grand Hackathon 2022 disclosed the winning entries on the TRON DAO Forum in all four tracks, Web3, NFT, GameFi, and DeFi. 

The Forum has been a sufficient spot for developers to come together, share ideas, create threads, and interact with each other about the crypto community, and activity on the Forum accounted for 40% of the overall score. 

Each track’s final review panel consisted of crypto experts, KOLs, and a public community review board, whose scores accounted for 30%, 30%, and 40%, respectively. Community reviewers transparently voted on the TRON DAO Forum.

The crypto community was optimistic to see the impacts of the judging period, which began on March 8 and closed on March 11.

In each of the four tracks, here are the winning entries:

As for the DeFi track, the winner is JustMoney Exchange by JustMoney.

They aim to build an ecosystem for the next generation of decentralized applications to power Web3 by allowing crypto users to trade and offer cryptocurrencies on several chains and facilitate the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency.

“New features that truly come in handy for newcomers. You don’t have to risk any money due to failed transactions on JustMoney Exchange. It’s the little things that matter, and the team ensures it does its best to cover any issues,” a commentator said.

For the NFT track, the winner is VersacBrickSquad by TuruGlobal.

Their goal is to make real estate investment available for all since most people don’t have sufficient funds to buy their own real estate. The Versac Brick Squad is a collection of DAOs investing in real estate assets jointly managing the assets in a platform structure provided by TuruGlobal and with that making Real Estate investment accessible for the people.

“This is something we really need in this space. Community power should not be underestimated. The DAOs are the perfect tool to make the most out of all the smart people out there. Thanks for the explanation,” another commentator said.

In the Web3 track, the winner is dCloud by Cctechmx.

Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy. By separating dCloud code like this, we’ll be able to reduce the developing effort. BitTorrent team delivers the binaries, dCloud team devs focus on implementing them to the specific OS environment and coding a single Graphical Interface for both major mobile platforms: Android and iOS.

“Wow, what a piece of application! There is nothing like supporting decentralization hand in hand with cryptocurrencies. Better yet, still supporting it in TRON and BTTC blockchain technology. I will be waiting to be able to use it in our daily lives!” Said a commentator.

In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team.

TronNinja is a NFT GameFi project on the TRON blockchain where you will be able to use your NFTs as characters in-game while earning our in-game token TronNinjas Token (TNT) in the TronNinjas Arcade. Their goal not only is to play games but bring back the social aspect that arcades had.

“Congrats to the team for their dedication in building what adds great value to the experience of their users. So excited for the great success achieved so far and looking forward to achieving more success in the future,” a commentator said.

The TRON ecosystem continues to look forward to more projects in Season 2. Registration begins May 16, 2022.

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