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Garlicoin – The Next Doge

Garlicoin – The Next Doge

We want to see cryptocurrency taking over FIAT. To do that, cryptocurrency should never be scary so that it can achieve mass adoption. 

Dogecoin has previously managed to make crypto a friendly domain. 

The popular doge meme and the low price encouraged crypto enthusiasts to hold on to a coin for the first time. And nowadays, they are on track for the first meme coin getting to $1. 

But there is only so much Dogecoin can achieve. 

With the support of its community, Dogecoin managed to hit a market cap of $94 billion for an all-time high of $0.7376.

The power of memes is strong with this one. But truth be told, even when it hits a dollar, the Dogecoin is bound to go through a massive reversal. 

There is a lot of speculation there, and the price is anything but stable. 

Additionally, there are 129,952,951,776 DOGE on the market, with an inflation of 5 billion a year.

In short, there is not much room for growth in Dogecoin’s case.

Where Garlicoin comes in

Garlic doesn’t combine only with bread. It goes well in crypto too.

That’s Garlicoin, the perfect alternative for Doge, bringing in all the puns about garlic you could think of and more.

With a max supply of 69 million, a market cap of $7 million, a price fighting its way above 10 cents, and enough garlic you could become a vampire hunter, Garlicoin comes as the next people’s cryptocurrency.

Garlicoin is a proof-of-work cryptocurrency, forked and modified from Litecoin. It is ASIC resistant and thought out to encourage the development of a fair and truly decentralized mining network. 

Everything about it is easy. The wallet can be set up in a few minutes from the main website, and the mining can be done with a CPU or with a GPU, especially from Nvidia. 

Garlicoin – so tasty, yet undervalued

The Garlicoin project kicked off in January 2018, soon after Reddit user DigitalizedOrange published a post titled “If this post gets 30,000 upvotes, I will make a garlic bread cryptocurrency called Garlicoin.”

The post had been published on December 25, 2017, and by January 2, 2018, the first Garlicoin specific commit was pushed.

By January 28, Garlicoin had reached $4.29. Unfortunately, the bear ate the garlic.

But, as we can see on Reddit, the community has been backing up the project the whole time; and now is coming even stronger producing high-quality memes, driving the price up. 

Nowadays Dogecoin community is trying to reach 1 USD for 1 DOGE. That means it needs to reach a market cap of at least $129.95 billion. Right now, it hovers around $43 billion with a price of $0.33. 

They need $87 billion to reach their goal asap. And truth be told, the true winners of this goal will only be the early birds. Those people will have at least 1000X gains while the others will merely get 2X – 3X at best.

At the same time, due to the transparency of the development team, Garlicoin attracted some truly talented developers from all over the world. So from here on out, the project can only go up.

Garlicoin is a truly decentralized project, being centralized in only one way – by focusing all of its attention on the community and its members. 

And besides its strong tokenomics and fantastic community, Garlicoin harnesses the will of the meme gods whose breath smells of garlic.

So, with a market cap of $7 million and a price of 0.1 dollars, Garlicoin can easily skyrocket with its community’s help.

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Top 5 Emerging CeDeFi Exchanges to Watch in 2021

Top 5 Emerging CeDeFi Exchanges to Watch in 2021

Traditional finance and crypto are often viewed as competing ecosystems, which should not be the case. Crypto is an advanced version of today’s markets, with the main distinguishing factor being a decentralized architecture.

Legacy finance ecosystems are centralized in nature, which means that they are controlled from a central point. For instance, central banks and the federal reserve ensure that the money supply is kept in check.

This is not the case for crypto, where operations are pre-coded on decentralized smart contracts – no central parties involved. 

Despite the differences between crypto and traditional finance, the two ecosystems are mutually beneficial and likely to succeed through integrated solutions.

As it stands, the crypto industry features both centralized and decentralized projects, which include exchanges, yield platforms and financial instruments, amongst others.

Innovators are now working on solutions to integrate Centralized Finance (CeFi) with Decentralized Finance (DeFi) to build a co-dependent ecosystem. 

This upcoming line of innovation has been dubbed ‘CeDeFi’; several crypto projects have already debuted integration solutions, while others are considering supporting DeFi innovations while maintaining a CeFi architecture.

We will highlight five of the emerging CeDeFi projects that are worth keeping an eye on this year. 

1. Unizen 

Unizen

Image Source: Unizen.

Unizen is a smart exchange ecosystem that combines a centralized (CEX) and decentralized (DEX) infrastructure to bridge both worlds. A pioneer of its kind, this smart exchange seeks to solve liquidity, slippage and KYC hurdles in the crypto ecosystem.

The project has debuted a smart exchange that integrates various crypto products and exchanges within one platform. 

Unizen’s smart exchange is one of the emerging CeDeFi projects that seem to be gaining traction amongst investors and traders. The project has partnered with notable players, including AllianceBlock, for liquidity compliant solutions in the DeFi market.

Ideally, Unizen smart exchange users have the option to search for a wide range of crypto products at their preferred KYC tolerance. 

Furthermore, Unizen is set to launch a multi-dynamic staking initiative where users can stake the platform’s governance token, ZCX, on Binance Smart Chain (BSC).

Stakers will receive rewards in form of the ZCX governance token and other digital assets that will be featured as liquidity provision pairs. This initiative will be funded through Unizen’s incubator ZenX labs, node hostings and listings on the hybrid smart exchange. 

The Unizen hybrid exchange is built on three major components: Unizen modules, third-party modules, and Unizen custom logic.

Unizen modules will feature in-built products such as the platform’s centralized exchange (CEX), while the third-party modules will support DeFi integrations.

The Custom logic hosts additional trading features, including a cross-chain trade aggregation algorithm and social sentiment indicators. 

2. CoinZoom 

Coinzoom

Image Source: CoinZoom 

CoinZoom is a U.S based crypto exchange whose focus is to introduce a one-stop-shop that supports crypto trading and real-world use of digital assets. The regulated exchange allows users to invest in over 30 listed tokens and offers a Visa debit card for crypto spending.

CoinZoom users can send crypto to their family, friends or business associates across the globe within minutes. 

The firm’s CEO, Todd Crosland, has previously noted that CoinZoom is a ‘complete experience’, 

“We offer more than just an avenue for investing in crypto; we make it easy to spend your crypto through our Visa debit card and send your crypto to friends and family overseas instantly for free through our ZoomMe feature.”

CoinZoom is also bridging the gap between traditional finance and crypto through its Ethereum-based token, ZOOM. These tokens are the heart of CoinZoom’s decentralized ecosystem as they allow users to earn a wide range of DeFi benefits. 

One way that CoinZoom users can generate passive DeFi income is by staking ZOOM with the support of Algorand (ALGO) and Dash (DASH). This decentralized infrastructure complements CoinZoom’s centralized exchange and offers more opportunities to integrate CeFi and DeFi. 

3. Nexo 

Nexo

Image Source: Nexo 

Nexo is a CeFi business that features a wide range of products, including an exchange, card, borrowing services and a utility crypto-token, NEXO.

The platform’s approach towards CeDeFi integration pivots on the regulatory scope. Today, regulation remains a big challenge for the crypto ecosystem, especially in the nascent DeFi niche. 

While the argument on decentralization may be valid, it is quite noteworthy that some aspects of the DeFi market are not ‘completely’ decentralized.

This ecosystem is powered by Decentralized Autonomous Organizations (DAO), which allow token holders to vote on the future development of a particular DeFi project. 

In some cases, developers can manipulate the governance token distribution to favour specific stakeholders. Should this happen, the decentralized nature of a DeFi project could be eroded.

Nexo seeks to bridge this gap by providing infrastructure that DeFi developers can leverage to build regulatory-compliant innovations. 

The Nexo CeFi business provides DeFi innovations with a regulated building ecosystem through its expertise, industry connections and licenses across the world.

While the project is centralized, Nexo’s CeDeFi solutions can support regulated DeFi innovations – an initiative that protects both CeFi and DeFi users. 

4. Bybit 

Bybit

Image Source: Bybit 

Bybit is a crypto derivatives exchange that offers financial instruments such as Bitcoin and Ether futures. The exchange enjoys a wide user range, with most of its clients coming from Asia.

Notably, Bybit is also considering offering its centralized products in a more decentralized way. This means that users may soon be able to experience a CeDeFi ecosystem built around Bybit’s existing products. 

A recent Bloomberg feature on Decentralized Finance (DeFi) quoted Bybit’s CEO, Ben Zhou, who expressed optimism in the future of DeFi, 

“One of the primary advantages of decentralized finance is that you don’t need a central authority … While the legacy financial ecosystem will continue to play a sizable role, shifting towards decentralization will create new possibilities and growth opportunities.”

Zhou highlighted two paths existing derivative exchanges can take; the first is to conform within legacy finance regulations, while the second option is to build decentralized products.

He noted that Bybit intends to remain regulatory compliant, although the exchange is now considering launching decentralized products. 

“Our goals are aligned with regulators – we just think a crypto-native approach is better for crypto. Eventually, Bybit will follow the decentralized path, delivering our centralized products in a more decentralized way.” 

5. Binance Smart Chain (BSC) 

Binance

Image Source: Binance Smart Chain (BSC) 

Binance, one of the leading global crypto exchanges, is quite ahead with its CeDeFi solution. The exchange launched Binance Smart Chain (BSC) to allow DeFi developers to integrate their decentralized projects.

BSC now hosts many DeFi projects that enjoy the benefits of both centralized and decentralized ecosystems. 

The centralized crypto exchange has become a hub for DeFi natives, competing with Ethereum in daily volumes. However, some stakeholders in the crypto community are still sceptical about the innovation of BSC CeDeFi architecture. 

Conclusion 

Crypto ecosystems have a long way to go before native products can be adopted by mainstream institutions and investors. A CeDeFi ecosystem is one of the ways to increase this adoption and introduce regulatory-compliant products.

This form of infrastructure is likely to be a defining crypto trend in 2021, with some of the highlighted projects taking centre stage. 

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The Global Decentralized Finance Bunker

The Global Decentralized Finance Bunker

Solanax is a new DeFi protocol built on top of the Solana network that will catapult Decentralized Finances to unprecedented performance levels.

As a decentralized and non-custodial automated pool-based liquidity mechanism supporting trades within the Solana ecosystem, Solanax is looking to revolutionize DeFi.

The Ethereum main-net proof-of-work (PoW) consensus design flaws are no longer news, as they have stifled Ethereum’s growth for a long time.

For example, Ethereum’s 15 transactions per second are far too sluggish, resulting in record-high transaction fees.

Its trustless token swaps, trading, and more significantly reorientation of the crypto world towards Solana. Solanax is destined to become a vital asset exchange community platform.

SOLANAX will remove all intermediaries, complexity, and time-consuming procedures from the equation, giving users the freedom to trade without fear of censorship or losing ownership of their assets.

In summary, Solanax has the following features:

  • Users have complete control
  • Next-level liquidity
  • Friction-less yield
  • Light-speed swaps
  • DeFi is faster, cheaper, and more powerful.

The project’s goals

Companies are always on the lookout for open source liquidity and Defi protocols that offer competitive interest rates. It is an element of their fund strategy for their clients.

Solanax strives to be the most widely used open-source liquidity and defi protocol for fund businesses, as well as a reliable and secure Ethereum-Solana and even more than three-way bridge. When new projects of this nature are announced, people are always delighted.

  • Utilize a blockchain to bring DeFi even closer to people, hence allowing it to scale even better.
  • Make financial tools more accessible to the general public.
  • Make it faster to cut cost on gas fee, hence cheaper
  • Build an interface that allows people to create a comfortable trading environment (limit orders; alerts; and more).
  • A central order book provides liquidity access across the ecosystem, so individuals are not reliant on a single source of liquidity.

Incentives for early adopters

The first beneficiary of the project is early adopters, who will be rewarded with platform incentives, with 40% of their total token supply allotted to them. The platform does not charge any fees.

Stakeholders of the $SOLD Token will get all swap trading fees (0.2 percent from the maker and 0.3 percent from the taker).

So, as expected, a large community popped up around Solanax on Sunday as soon as private sales were revealed!

Why Solana?

Solana blockchain has increasingly become the blockchain of choice for newly launched projects. As such, the company has re-evaluated its strategies and now expanding its capacity to accommodate the rising demand for faster blockchain services.

The blockchain aims to be the go-to network for decentralised applications, that’s according to sources at Solana.

Over time, it’s looking to effectively compete or even surpass the market leader, Ethereum.

Solana blockchain uses a new method of verifying transactions, proof of history (PoH), to solve the scalability and speed issues that have been problematic to its predecessors, Bitcoin and Ethereum.

Scalability is one of the most challenging aspects of blockchain technology to overcome. As these networks expand, they frequently encounter transaction speed and confirmation time constraints, which consequently leads to a high cost of transactions.

Through PoH, Solana can handle thousands of transactions per second, with significantly cheaper transaction fees. Solana attempts to achieve these by maintaining security and decentralization.

The Significance of Solana to DeFi Projects

DeFi technologies are meant to increase financial access to the increasingly capitalistic society.

These technologies will continue to improve the lives of many people on the other side of the world who previously lacked access to financial instruments that would have allowed them to compete in a capitalistic world. Investing in a future where everyone is more equal is a no-brainer.

We believe that Solana will be a significant player in the crypto space. A vast percentage of people are still unaware of the Solana blockchain. On the other hand, the team behind Solana is discreetly warping the crypto environment with new financial possibilities.

Solana has piqued our interest, and we’ve collected a group of crypto professionals from around the world to collaborate on the Solanax Project. The Bunker of Global Decentralized Finance.

SOLDonomics

Total Supply: 80 000 000 SOLD Tokens

Private Sale: Total available supply – 10,000,000 SOLD

Period: 06/06/2021 – 25/06/2021

Token price – 0.1 USD with 3months vesting period;

Token price – 0.15 USD w/o vesting period;

Initial Exchange Offering: Total available supply – 10,000,000 SOLD

Round 1: 28/06/2021 – 05/07/2021 | 0.20 USD | Available supply: 5,000,000 SOLD

Round 2: 08/07/2021 – 13/07/2021 | 0.25 USD | Available supply: 3,000,000 SOLD

Round 3: 16/07/2021 – 19/07/2021 | 0.30 USD | Available supply: 2,000,000 SOLD

Check out our website and Twitter for more information about the upcoming release, Airdrop, IEO, and Private Sale.

Users can participate in this Private Sale by emailing the team at [email protected]

https://solanax.org/

https://twitter.com/Solanaxorg

White paper: https://solanax.org/whitepaper.pdf

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How Synthesis Bank Brings the Benefits of Investment Banking to Blockchain

How Synthesis Bank Brings the Benefits of Investment Banking to Blockchain

What comes to mind when we think of investment banking? Usually, this conjures up thoughts of Wall Street brokers making billion-dollar deals and the general chaos that is the global financial market.

We also tend to think of it as an exclusive and expensive subset that most people in society do not have access to. Investment banking has generally garnered the reputation for being a sport of the rich and not the everyday man.

This means that large portions of the population are shut out from enjoying the benefits of investment banking or buying into profitable investment vehicles.

This, however, is changing with the advent of blockchain and with firms like Synthesis Bank that are bringing the benefits of investment banking to the masses.

No More Middlemen?

The problem has never been that the public has not been aware of the profitability of certain investment vehicles but rather, has not had access to them due to a number of barriers to entry which includes middlemen.

Take the buying of stocks, for example. This would often involve buying through a stockbroker who takes a commission on all trades and oftentimes, stockbrokers would require a minimum amount of investment before they would take on clients.

This means that everyday people who only wanted to invest very small amounts of money would be shut out of the market. Platforms like Synthesis Bank are combating this by leveraging smart contracts.

Smart contracts are created through blockchains and means that transactions can take place automatically without the need for a middleman.

This removal of the middleman also means that the process of investing is cheaper for consumers.

One of the reasons why consumers are drawn to traditional platforms is the sense of security that comes with middlemen. And with technology as relatively new as blockchain, there is concern about what could go wrong.

But Synthesis Bank gives customers assurance but having third parties validate all their processes. Specifically, Certik, a blockchain security firm, reviews both the bank’s blockchain and its smart contracts to make sure everything is up to par and customers are getting the best.

Institutional-Grade Investment Strategies

Besides direct access to the investment vehicles themselves, Synthesis Bank also offers certain trading strategies that in the past, were only available to big institutions.

This includes prop trading algorithms and a number of other strategies. For example, high-frequency trading options are available and usually, these would only be accessible to big investment firms which would pull together large orders for rapid execution.

Using smart contracts and blockchain-based platforms, Synthesis bank can offer this to its customers.

Then there is cross-exchange market making which is a combination of traditional marketing meeting an arbitrage in which a market made is done and one exchange while orders on another exchange are hedged.

Traditional market-making and arbitrage are also available to customers who wish to trade.

These days, it is not only singular big investment companies that can use these sorts of trading tactics and strategies but instead, users connected by the power of blockchain can do so as well.

STB Token

At the center of Synthesis Bank is its native STB token which is an ERC020 token representing a virtual stake in the bank. Those who buy into the token will receive monthly dividends which are based on the performance of the bank’s investment for that period.

50% of the profits realized via investment activities by the bank will be given back to the token holder in the form of USDT.

Another 30% will be reinvested into Synthesis Bank which, in turn, expands the assets under management and increases the price of the token.

The remaining 20% will be used for ongoing operations of Synthesis Bank as well as various administrative requirements such as legal fees and accounting.

This is an interesting development in that usually, token holding brings in an income via an appreciation in the value of their token but in this case, there will be a monthly reward for investment, and token holders will be notified via Synthesis Bank’s portfolio tracker of incoming dividends.

A pre-sale for the token will be held from July 2021 to August 2021 followed by a public sale in October 2021. There is a total token supply of 200 million STVs, 150 million of which will be available in the public sale.

Tokens will be sold until all tokens are exhausted after which no more tokens will be issued into the ecosystem.

Banking on the Blockchain

Ultimately, what synthesis bank is doing is more than just offering people the chance to buy into high-quality investment vehicles and make a monthly income.

What Synthesis Bank is doing is opening a range of products and services that the public has been shut out of for so long and letting everyone have a piece of the pie.

By eliminating middlemen and leveraging smart contracts to allow its customers to get the best results, Synthesis Bank is leading the way in investment innovation.

Over time, we can expect to see more companies follow this lead and even more capabilities of blockchain investment explored.

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