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Adshares (ASA) Announces Multichain Strategy to Expand DeFi Offering

A few days ago, Adshares, a DPoS project from 2017 started publishing a series of articles to explain and promote the new business development roadmap. Today is a particularly unique day in the Adshares journey. Adshares is now officially multichain, opening the doors to the DeFi universe! Adshares will explore multiple blockchains as a part … Continued

The post Adshares (ASA) Announces Multichain Strategy to Expand DeFi Offering appeared first on BeInCrypto.

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A few days ago, Adshares, a DPoS project from 2017 started publishing a series of articles to explain and promote the new business development roadmap.

Today is a particularly unique day in the Adshares journey. Adshares is now officially multichain, opening the doors to the DeFi universe!

  • Adshares will explore multiple blockchains as a part of its cross-chain strategy. This is a key milestone in its new business development roadmap.
  • First priority on the roadmap is for Binance Smart Chain (BSC) to allow users from the ecosystem to easily access the platform without downloading additional apps, creating new wallets, and updating configurations in the ADS wallet. ADS holders will be able to participate in BSC-base projects such as PancakeSwap or BakerySwap.

The two existing versions of the Adshares Wallet  have been updated recently. The first one works with Chrome, Brave and Opera browsers (install via Chrome Web Store), while the other one was designed for Mozilla Firefox (install via Firefox Add-ons). 

More information about how to get and hold ADS coin can be found here https://adshares.net/buy

What is Adshares?

Adshares is the first 100% decentralized marketplace for programmatic advertising, also being one of the most advanced blockchain-based projects in the advertising market.

Adshares Network is based on its own and unique blockchain (Enterprise Service Chain – ESC Blockchain) which connects publishers and advertisers, allowing them to make direct deals. ESC Blockchain is a Delegated Proof of Stake (DPoS) coin. This means it is environmentally friendly due to the consensus protocol.

Combined with some unique features, Adshares offers a very interesting set of advantages over mainstream and crypto ad networks such as Google Ads, Coinzilla, CoinTraffic, PropellerAds, Adsterra, or Mellow Ads.

Adshares’ open ecosystem is based on a reliable and secure ESC Blockchain that has been tested to process up to 1.4M ADS transfers per second. Making it significantly faster than Bitcoin, Ethereum, Bitshares, and all other available blockchains. Adshares’ goal is to handle worldwide advertising payments using ADS cryptocurrency.

Why does ADS need to be multichain?

By creating a 100% decentralized ad network, Adshares wants to make its service accessible to any cryptocurrency user. Observing the current trends, the Adshares Team has decided to cater to advertisers and publishers by going for ADS multichain. 

This will also be a milestone in popularizing its project, allowing users centered around different chains to be part of our ecosystem. 

Why can’t ADS just use Ethereum ERC-20?

The answer is simple: to serve the global advertising market, Adshares needs an ultra-fast ESC Blockchain. It is currently able to settle microtransactions for ads and charge only a one-per-mille transaction fee

Additionally, its throughput of up to 1.4 million transactions per second offers a significant competitive advantage over expensive tokens. Multichain is great for broad ADS adoption, but supporting the Adshares ecosystem requires a native Enterprise Service Chain.

DEX strategy

In the world of cryptocurrencies, decentralized exchanges offer transparency and convenience of use. The Adshares team believes this is the future. From an investor’s point of view, this is the fastest step to buying ADS. Starting with PancakeSwap, the project aims to be on all the largest DEX’s.

Decentralized Exchanges (DEX) for ADS (coinmarketcap)

Binance Smart Chain (BSC)

Following the market and responding to suggestions from the Adshares community, the first DEX will be Binance Smart Chain. This will allow users from the BSC ecosystem to easily access the platform without downloading additional apps, creating new wallets, and updating configurations in the ADS wallet.

As a result, the ADS will appear on PancakeSwap or BakerySwap.

You can wrap your ADS on the Binance Smart Chain right now. 

It isn’t an actual “Swap” but more like a Wrapped ADS working similarly to WBTC, to enable access to DeFi liquidity.

There is a two-way gateway set up so users can migrate their data between blockchains.

Adshares will stick to the native ADS blockchain for all ad-related payments, because of low fees and high throughput. 

Trading ADS on PancakeSwap is now available to everyone, with a Syrup Pool coming soon.

Ethereum blockchain

The second priority on the roadmap is ADS ERC-20 wrapping to enhance the accessibility of trading on major DEXs. With that said, ADS has already been added to Uniswap exchange

This is just the first step, new exchanges like Sushiswap will be added later. 

Adshares’ roadmap includes another major milestone, a new incentive staking program. More details will be announced in the coming weeks.

Note: To compare and access the most liquidity, lowest slippage, and best exchange rates across Ethereum and Binance Smart Chain, Adshares will use DeFi aggregators such as 1inch or Balancer.

Summary

The blockchain market is changing rapidly. Adshares started as a startup in 2017 with the idea of changing the online advertising ecosystem for the better. 

Over the years, we have confirmed that our vision is correct and we have a chance to make a positive change. Now that the Adshares ecosystem is ready and we are meeting a booming demand, we are boldly challenging the monopolies in the ad market. 

That’s why we are decisively announcing: Adshares (ADS) is MULTICHAIN from now on!

You can start trading on Pancakeswap, and to learn more you can join the ADS Telegram channel

Media Kit Folder

Laurent Perello – Head of Marketing and Business Strategy

laurent@adshares.netKrzysztof Bochenek – Head of Operations
krzysztof@adshares.net

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Source: https://beincrypto.com/adshares-asa-announces-multichain-strategy-to-expand-defi-offering/

Blockchain

MEHH Token Offering Scalable Digital Payment Solution to Merchants

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[PRESS RELEASE – Please Read Disclaimer]

Scalable solution, a blockchain company enabling cryptocurrency payments for merchants to receive or send instant payments.

Cryptocurrency is becoming a next-generation payment choice among merchants and customers. Every day, more and more people are using connected devices to make payments. The adoption of digital currency is not limited to laptops but also reaches across the industry like tablets, phones, IoT devices, and smartwatches.

The demand for digital tokens is rapidly increasing. Amalgamate of innovative and secure digital payment mode will help merchants to stay ahead in the game.

Merchants can now take advantage of MEHH Token to expand their horizons and grow their user base around the world. Just with a single integration, now merchants can add MEHH tokens to their existing application or exchange platform.

Value Proposition for Merchants and Customers

MEHH Token is built on a decentralized Ethereum Blockchain Technology. Its permissionless network allows merchants to accept digital payments. Our token delivers the following value proposition to owners:

Merchants:

  • Revise quick payment in MEHH token
  • Reduce the risk of the data breach
  • Foster customer trust
  • No debt and high liquidity
  • Low free and fast transaction speed

Customers:

  • Easy access to make payments
  • Offers smooth payment experiences
  • Secure transactions
  • Convenient to move, exchange, or withdraw
  • Extremely Low free and fast transaction speed

Our mission is to support the vision of enabling digital payments for merchants and customers. By allowing each partner to receive and send payment across the network, the MEHH token ensures instant transfer and safe transaction. We designed these capabilities to redefine the way merchants send or receive payments and transform the Fintech industry by developing a platform that makes a positive impact.

Find out more at www.mehhcoin.com

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Source: https://cryptopotato.com/mehh-token-offering-scalable-digital-payment-solution-to-merchants/

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Blockchain

Tanzania’s Central Bank Working on Adopting Cryptocurrencies

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A few years after banning the usage of digital assets within its borders, Tanzania is heading towards a full 180-turn. The nation’s central bank asserted today that it has begun working on a recent directive from the President to adopt cryptocurrencies.

  • CryptoPotato reported a few weeks back when Tanzania’s President – Samia Suluhu Hassan – highlighted the need for the country to adopt digital assets.
  • A Reuters reported from June 25th showed that Tanzania’s central bank plans to listen to Hassan’s words. The organization wants to be prepared for if or when the nation will need to use cryptocurrencies.
  • Interestingly, today’s statement from the bank shows an entirely different approach than the one undertaken in 2019.
  • Back then, the institution implemented a ban on operating with cryptocurrencies. It argued that the country had not recognized them as legal currencies and warned its citizens to stay away as they might lose money if they invested in such speculative assets.
  • Now, though, a spokesperson from the central bank reassured that the organization is “working on the directives given,” referring to President Hassan’s comments.
  • However, the bank’s representative failed to disclose details whether it will adopt Bitcoin and other currently existing digital assets or will tend to go with the Chinese route and create a CBDC.
  • This development comes shortly after news broke that El Salvador has become the world’s first nation to make Bitcoin a legal tender.
  • As reported in early June, the government of the small Central American nation voted in favor of the law, which will come into effect in September.
  • Since then, several other countries have outlined similar plans, including Paraguay and Panama.
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Source: https://cryptopotato.com/tanzanias-central-bank-working-on-adopting-cryptocurrencies/

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Blockchain

XRP lawsuit: Why SEC’s latest motion, Hinman’s deposition ‘should scare everyone’

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Until a week back, it was quite apparent that only the plaintiffs in the ongoing SEC v. Ripple lawsuit desperately wanted to depose additional people. However, it recently came to light that the defendants too intended to depose an additional office-bearer. With the sole hint of ‘former SEC official,’ the community started making its own guesses as to who would it be. Among the host of options available, two names stood out and seemed to be the most appealing – Jay Clayton and William Hinman.

In what is the latest development in the same, the SEC has now filed a motion to quash the deposition of its official. Unsurprisingly, the ‘former SEC official’ named by Ripple is SEC’s former Director in-charge of the Corporate Finance division, William Hinman. According to the plaintiff’s motion,

“To depose a former high-ranking government official like Director Hinman, Defendants bear the burden of showing ‘exceptional circumstances’ justifying the deposition.”

It should be noted that the purpose of the “exceptional circumstances” rule is to “protect the mental process” of government officials. As far as the defendants are concerned, they have claimed that they need to depose the official to elicit testimony on the SEC’s “internal views” and to develop evidence with respect to the “market participants’ views” based on Hinman’s interactions with members of the public. The SEC, on the contrary, argued,

“… these proposed inquiries… could be obtained by far less intrusive means.”

The SEC further stated that the answers the blockchain company seeks are protected by privilege since they relate to the everyday tasks of most high-ranking government officials. 

“Director Hinman has no personal, first-hand knowledge as to defendants’ offers and sales of XRP.”

Here, it should be noted that the official was a part of the SEC’s fact-gathering team that investigated Ripple’s conduct between 2018 and 2020. Additionally, he and his staff have also reviewed written submissions from the defendants’ council.

Further, the federal agency noted in its motion that XRP holders had shared false information about Hinman. Attorney John E. Deaton was quick to react, however, opining, 

“What’s false?… Maybe allowing the deposition to go forward will make future high ranking officials more accountable regarding the things that they say.”

Again, as known, Hinman made a public speech in 2018 where he explicitly stated that offers and sales of Ether were “not securities transactions.” However, at that time, he did not claim anything about XRP or Ripple. 

Further, in the exhibits attached with the motion, Hinman declared that the SEC has still not taken a call on whether the offer and sales of Ether fall under the category of securities. This menacing declaration, according to attorney James K. Filan, “should scare everyone.”


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Source: https://ambcrypto.com/xrp-lawsuit-why-secs-latest-motion-hinmans-deposition-should-scare-everyone

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