Connect with us

Blockchain

Centrifuge: Makes Real World Assets Liquid on Blockchain

Published

on

Centrifuge is the first decentralized operating protocol that connects real-world assets with DeFi with the goal of lowering capital costs for small and medium-sized enterprises (SMEs).

It also provides DeFi investors with a stable source of returns in the volatile cryptocurrency market.

Founded in 2017 under Sector Tokenizing RWA, with Centrifuge, users can transact on a global network while maintaining ownership of their data, which may include verified company details as well as reputations, and business relationships.

It is now possible to access a trillion dollar real-world asset market (RWA) that has previously been totally untapped.

The opportunity is now open for businesses that want to utilize Centrifuge to gain access to the liquidity provided by DeFi – and also gain a return on their capital.

Centrifuge: What Does it Do?

Since its launch, Centrifuge has worked to create the next stage in fintech. The current fintech world is built on top of a centralized financial system, but this system is geared toward the benefit of large banks and other large organizations – like central banks.

Centrifuge is on its mission to alter the rules of global trade in order to bring economic opportunity to everyone in the global marketplace. Its target for the moment is small and medium-sized enterprises (SMEs).

Because SMEs require more work to sustainably grow compared to major corporations, they need easier access to capital.

Solutions that are currently available only address a small portion of these needs.

Therefore, the project team created and developed Centrifuge to enable businesses to exchange business documents (such as invoices) and encrypt those assets for greater financial access, thereby unlocking previously inaccessible value that was locked away.

Centrifuge addresses the concerns about the involvement of banks through smart contracts which operate online, allowing borrowers to renew their loans without a third-party that has total control over how capital flows.

The platform acts as a bridge between borrowers and investors, allowing them to gain access to the decentralized financial system.

Regarding liquidity, with smart contracts, Centrifuge’s automated process enables any business to pool their assets to attract liquidity. These assets could include mortgages or SMEs invoices.

The Highlights

In terms of Total Value Locked (TVL) growth, Centrifuge paved the way for the TVL of real-world assets (RWA) in the DeFi space.

Real-world assets, such as bills, real estate and other types of property, once encrypted, have the potential to bring trillions of dollars to the DeFi ecosystem.

Centrifuge tokenizes real-world assets by converting them into non-fungible tokens (NFTs) on the Centrifuge Chain.

Specifically, Centrifuge tokenizes physical assets by converting them to Centrifuge Chain NFTs. RWA TVL quantifies the value of Centrifuge’s active real-world assets.

Centrifuge is one of the pioneer projects to run a Parachain on Polkadot. Centrifuge can benefit from the prompt speed and low fees on Polkadot while Tinlake, Centrifuge’s powerful Dapp, is built to take advantage of Ethereum’s massive liquidity.

Centrifuge is bringing the real-world assets to MakerDAO’s DAI and developing AAVE’s first real-world asset marketplace. Centrifuge’s integration with a number of high-profile DeFi projects enables users to obtain instant liquidity and make DeFi protocols more secure.

Centrifuge Chain

Centrifuge Chain serves as a bridge between real-world assets and the Blockchain technology.

Centrifuge Chain on Substrate Parity was developed as part of the project, with an initial bridge to Ethereum. Centrifuge will be able to move quickly and use a more consistent approach for important features.

Meanwhile, the chain works as a standardized bridge to Ethereum that can be used by other projects, thereby increasing interoperability in general.

Substrate Parity enables Centrifuge access into the Polkadot ecosystem and to connect with other blockchains that support the Polkadot standard with relative ease.

As a result of the protocol, a larger ecosystem of many connected blockchains will be created – where Ethereum dApps can use data from other chains, value can freely move, and Centrifuge will allow off-chain assets to access financing via the DeFi ecosystem.

Designed specifically for the transactions required by a specific use case, Centrifuge Chain is a high-performance distributed ledger.

This specific mission enables the project to make significant improvements to its existing architecture in a number of key areas, including speed, cost, storage efficiency, and security.

Centrifuge Chain forms the foundation for indigenous real-world assets. It enables users to store their assets virtually as a NFT connected to the Ethereum blockchain.

The Radial Token

The Centrifuge Chain is powered by Radial token (RAD), providing its owners with governance and incentivizing validators to operate it.

RAD is linked to the largest DeFi ecosystem in the world through the use of a substrate-based token that is connected to Ethereum.

RAD holders can also stake their RAD in order to nominate their node as a Validator candidate, or they can stake their RAD to another Validator.

Tinlake

Tinlake is the first Ethereum-based dApp on Centrifuge Network that enables investors and borrowers to fund their own pool of assets. In addition to being open source, Tinlake’s smart contracts are simple to integrate into the DeFi ecosystem.

The dApp allows traditional investors to tokenize RWAs (real-world assets) into non-fungible tokens on Centrifuge’s network, making it easier for them to participate in DeFi protocols.

Investors have the ability to start investing in asset pools immediately after becoming a Tinlake member due to the company’s flexibility.

Tinlake is designed to eliminate bureaucracy and risk by utilizing better data and trustless technology to accomplish this.

CFG Tokenomics

  • Token Name: Centrifuge
  • Ticker: CFG
  • Blockchain: Centrifuge Chain
  • Token Type: Utility, Governance
  • Total Supply: 425,000,000 CFG

Token Allocation

  • Early Ecosystem: 8.3%
  • Development Grants: 11.8%
  • Community Grants: 7.1%
  • Foundation Endowment: 11.8%
  • Community Sale: 9.5%
  • Core Contributing Members: 27%
  • Total Backers: 17.1%
  • Rewards and Grants: 7.3%

Core contributors and early backers have vested tokens every month for 1 year since July 2021. Core team locks for 48 months and vest tokens for 12 months.

As part of the PoS block rewards, DOT lock rewards, and liquidity rewards, 3% of CFG tokens are additionally expected to be minted annually.

Transaction fees will be burned, but the total supply of CFG tokens will be stabilized over time due to the burnt transaction fees.

Centrifuge: Background

Centrifuge is backed by a team of top global organizations whose background and experience are extensive in both traditional and crypto finance. Together their vision is to unlock economic opportunity for all people around the world.

The project has also captured interest from many investors.

Is has formed partnerships with IOSG, Fenbushi, Blueyard, Galaxy, Fintech Collective, Mosaic, Rockaway, Moonwhale, TRGC, HashCIB, Crane Venture Partners, Fabric Ventures, Atlantic, Inflection, Semantic, Mariano Conti, Stani Kulechov, Julien Bouteloup and many more.

With the support of these world-class investors, advisors, partners and team, Centrifuge will continue to build real software that solves real business problems.

Centrifuge Unlocks Massive Value

Centrifuge is a protocol that brings real-world assets to the blockchain by encoding these assets into NFTs.

The protocol is revolutionizing the way people around the world access financial services. Using DeFi, Centrifuge makes capital available to investors, which no one could ever imagine before.

Built as a DeFi-backed platform, Centrifuge’s chain is opening the gateway for any real-world asset to participate in the blockchain multiverse.

As the day that we no longer refer to these assets as “real world assets” draws nearer, all assets in the world will be able to move in and out of the blockchain – saving time and money – as well as creating a level of liquidity the world has never before seen.

If you are interested in learning more about Centrifuge, and all the tools it has created, please click here to visit its website. You can also keep up with the company on Twitter, Telegram, as well as Medium.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://blockonomi.com/centrifuge-guide/

Blockchain

MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

Rate this post MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA. Past Performance On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76. https://www.tradingview.com/x/UKThRKwE/ MIOTA Technical Analysis At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal. The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token. The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength. Day-Ahead and Tomorrow  As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46. On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

The post MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily appeared first on Cryptoknowmics-Crypto News and Media Platform.

Published

on

MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA.

Past Performance

On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76.

TradingView Chart

MIOTA Technical Analysis

At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal.

The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token.

The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength.

Day-Ahead and Tomorrow 

As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46.

On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://www.cryptoknowmics.com/news/miota-technical-analysis-trading-above-the-support-level-of-1-41-tested-the-level-twice-daily/

Continue Reading

Blockchain

SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run

SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run

Rate this post According to Sia’s whitepaper, its long-term goal is to compete against existing storage solutions. It considers itself to be in direct competition with cloud storage providers like Amazon, Google, and Microsoft. Sia (SC) can offer storage rates competitively because of its decentralized nature. Files on the Sia network can be divided into 30 encrypted segments. Each segment is uploaded to a different host for redundancy. Smart contracts are used to enforce agreements between hosts and uploaders. Siacoin is the payment method on the network. Renters pay hosts using SC, and hosts lock SC in smart contracts to secure it. Skynet, the company behind Siacoin and Siastream, has announced a number of products that are built on top of Sia’s network. These include SiaStream, a cloud-based media streaming app, and the Skynet network, its flagship content delivery network and file-sharing network. The company has received grants and funding from Paradigm, Bain Capital Ventures, and INBlockchain in several rounds. Each storage-related transaction on Sianet is subject to a 3.9% charge. This fee is paid to Siafund holders — Skynet owns approximately 85%. Past Performance of SC SC coin price faces rejection from a crucial resistance level of $0.025. This projects the possibility of a downtrend if the price fails to sustain above the $0.013 support level. On September 06, 2021, Siacoin opened at $0.024. On September 12, 2021, the price closed at $0.019. Thus, in the past week, the Siacoin price fell by approximately 22.50%. Source – Tradingview SC Technical Analysis At the time of writing, the SC coin price is trading at $0.01806 with a decline of 4.36% in the past 24 hours. The growth in underlying bearishness projects the increased possibility of a downfall. Source – Tradingview The recent rejection from the $0.025 resistance results in the formation of the bearish engulfing candlestick. This may briefly cause a downfall with a follow-through. In the daily chart, the SC token price consolidates below the $0.020 level that may soon give a decisive breakout. However, in the case of a bearish turn, the solid support level of $0.0080 might be able to reverse the trend. As the support level has been able to reverse the bearish attack twice in the last 3 months. As per the price action, the coin price may find resistance near $0.025 and $0.030. And the support levels are at $0.010 and $0.0080. The exponential moving averages of 50, 100, and 200-days move sideways as the price consolidates below the 50-day EMA and close to the 100-day EMA. The 200-day EMA might be able to provide the push to increase the bullish pressure. Currently, the RSI indicator is resting at 46% as it projects a draw between bullish and bearish powers. The slope of RSI is moving sideways within the neutral zone. The breakout of RSI from the range of 50%-43% may decide the future trend. Day-Ahead and Tomorrow As per Siacoin cryptocurrency’s technical analysis, the trend is bearish but may soon find demand near the crucial support levels that are in close proximity. Moreover, the ongoing accumulation phase may give a bullish breakout. Hence, investors might want to wait till a decisive trend is in action.

The post SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run appeared first on Cryptoknowmics-Crypto News and Media Platform.

Published

on

According to Sia’s whitepaper, its long-term goal is to compete against existing storage solutions. It considers itself to be in direct competition with cloud storage providers like Amazon, Google, and Microsoft. Sia (SC) can offer storage rates competitively because of its decentralized nature.

Files on the Sia network can be divided into 30 encrypted segments. Each segment is uploaded to a different host for redundancy. Smart contracts are used to enforce agreements between hosts and uploaders. Siacoin is the payment method on the network. Renters pay hosts using SC, and hosts lock SC in smart contracts to secure it.

Skynet, the company behind Siacoin and Siastream, has announced a number of products that are built on top of Sia’s network. These include SiaStream, a cloud-based media streaming app, and the Skynet network, its flagship content delivery network and file-sharing network.

The company has received grants and funding from Paradigm, Bain Capital Ventures, and INBlockchain in several rounds. Each storage-related transaction on Sianet is subject to a 3.9% charge. This fee is paid to Siafund holders — Skynet owns approximately 85%.

Past Performance of SC

SC coin price faces rejection from a crucial resistance level of $0.025. This projects the possibility of a downtrend if the price fails to sustain above the $0.013 support level.

On September 06, 2021, Siacoin opened at $0.024. On September 12, 2021, the price closed at $0.019. Thus, in the past week, the Siacoin price fell by approximately 22.50%.

SC Technical Analysis

At the time of writing, the SC coin price is trading at $0.01806 with a decline of 4.36% in the past 24 hours. The growth in underlying bearishness projects the increased possibility of a downfall.

The recent rejection from the $0.025 resistance results in the formation of the bearish engulfing candlestick. This may briefly cause a downfall with a follow-through.

In the daily chart, the SC token price consolidates below the $0.020 level that may soon give a decisive breakout. However, in the case of a bearish turn, the solid support level of $0.0080 might be able to reverse the trend. As the support level has been able to reverse the bearish attack twice in the last 3 months.

As per the price action, the coin price may find resistance near $0.025 and $0.030. And the support levels are at $0.010 and $0.0080.

The exponential moving averages of 50, 100, and 200-days move sideways as the price consolidates below the 50-day EMA and close to the 100-day EMA. The 200-day EMA might be able to provide the push to increase the bullish pressure.

Currently, the RSI indicator is resting at 46% as it projects a draw between bullish and bearish powers. The slope of RSI is moving sideways within the neutral zone. The breakout of RSI from the range of 50%-43% may decide the future trend.

Day-Ahead and Tomorrow

As per Siacoin cryptocurrency’s technical analysis, the trend is bearish but may soon find demand near the crucial support levels that are in close proximity. Moreover, the ongoing accumulation phase may give a bullish breakout. Hence, investors might want to wait till a decisive trend is in action.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://www.cryptoknowmics.com/news/sc-technical-analysis-hold-through-the-fall-for-upcoming-bull-run/

Continue Reading

Blockchain

AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level

AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level

Rate this post Avalanche is an open-source platform for decentralized applications and enterprise blockchain deployments in a highly scalable, interoperable ecosystem. It enables the participation of millions of independent blockchain validators as full block producers through the entire Ethereum development toolkit and confirms transactions in under one second. With over 1,000 nodes, the testnet broke the world record for most active nodes. Let us look at the technical analysis of AVAX. Past Performance On September 11, 2021, AVAX opened at $49.48. On September 17, 2021, AVAX closed at $69.93. Thus, in the past week, the AVAX price has increased by approximately 40.39%. In the last 24 hours, AVAX has traded between $60.92-$74.16. https://www.tradingview.com/x/Vj8ZU6nE/ AVAX Technical Analysis At the time of writing, AVAX is trading at $49.48. The price has increased from the day’s opening price of $69.93. Thus, indicating a bullish day ahead. The MACD is currently above the zero range. However, we can witness a bullish crossover by the signal line over the MACD line, near the zero range. If the buying pressure overcomes the selling pressure, the lagging indicator may breakout above the zero range. Talking about the RSI indicator. It is more than 70%. It is constantly facing rejection at the 51% mark, which is acting as a strong support level. However, it is making a bullish divergence. Thus, buying pressures are slowly mounting.  We have to wait and watch if buying pressures become strong enough to bring about a fresh breakout. The OBV indicator has broken its downtrend and picked up an upward trajectory. In short, when we look at oscillators, we can say that the price may continue to rise for the rest of the day. However, we cannot rule out the possibility of a trend reversal. Day-Ahead and Tomorrow Currently, AVAX is trading below the second Fibonacci pivot point of $78.83. If the bulls remain strong till day end, then the price is likely to rise above the 50% FIB resistance level. Since it will enter into an uncharted zone, we can not give the price levels. On the downside, if the price breaks the support level of $60.38, then we can expect a strong downward movement in the price. It will highlight the next support level of $48.26. Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price downswing is likely to continue tomorrow as well.

The post AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level appeared first on Cryptoknowmics-Crypto News and Media Platform.

Published

on

Avalanche is an open-source platform for decentralized applications and enterprise blockchain deployments in a highly scalable, interoperable ecosystem. It enables the participation of millions of independent blockchain validators as full block producers through the entire Ethereum development toolkit and confirms transactions in under one second. With over 1,000 nodes, the testnet broke the world record for most active nodes. Let us look at the technical analysis of AVAX.

Past Performance

On September 11, 2021, AVAX opened at $49.48. On September 17, 2021, AVAX closed at $69.93. Thus, in the past week, the AVAX price has increased by approximately 40.39%. In the last 24 hours, AVAX has traded between $60.92-$74.16.

TradingView Chart

AVAX Technical Analysis

At the time of writing, AVAX is trading at $49.48. The price has increased from the day’s opening price of $69.93. Thus, indicating a bullish day ahead.

The MACD is currently above the zero range. However, we can witness a bullish crossover by the signal line over the MACD line, near the zero range. If the buying pressure overcomes the selling pressure, the lagging indicator may breakout above the zero range.

Talking about the RSI indicator. It is more than 70%. It is constantly facing rejection at the 51% mark, which is acting as a strong support level. However, it is making a bullish divergence. Thus, buying pressures are slowly mounting.  We have to wait and watch if buying pressures become strong enough to bring about a fresh breakout.

The OBV indicator has broken its downtrend and picked up an upward trajectory.

In short, when we look at oscillators, we can say that the price may continue to rise for the rest of the day. However, we cannot rule out the possibility of a trend reversal.

Day-Ahead and Tomorrow

Currently, AVAX is trading below the second Fibonacci pivot point of $78.83. If the bulls remain strong till day end, then the price is likely to rise above the 50% FIB resistance level. Since it will enter into an uncharted zone, we can not give the price levels.

On the downside, if the price breaks the support level of $60.38, then we can expect a strong downward movement in the price. It will highlight the next support level of $48.26.

Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price downswing is likely to continue tomorrow as well.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://www.cryptoknowmics.com/news/avax-technical-analysis-price-is-likely-to-rise-above-the-50-fib-resistance-level/

Continue Reading
Uncategorized5 days ago

All Ironworks Hand vendor locations in Final Fantasy XIV from A Nocturne For Heroes event

Uncategorized5 days ago

HKEX Recruits Anthony Crampton as Its New Managing Director

Blockchain3 days ago

Gate.io Introduces OpenPunks, A Community-Based NFT Collection

Uncategorized2 days ago

Swissquote Confirms European Expansion Plan, Focusing on Crypto

Uncategorized5 days ago

APENFT and Tpunks Enter a Strategic Partnership With the Launch of the NFT Avatar Sale Event on the Binance NFT Platform

Uncategorized4 days ago

Natus Vincere wins ESL Pro League Season 14

Uncategorized3 days ago

Wicked Craniums are now Nifty Gateway!

Uncategorized2 days ago

Head of Australian Crypto Exchange Says Regulations Are Beneficial

Blockchain2 days ago

Massive NFT and Token Giveaway from Polker as Staking is Announced!

News1 day ago

Gods Unchained and Guild of Guardians Layer 2 Solution Immutable Raises $60 Million

Uncategorized2 days ago

Acorns Hires Former Amazon Executive as President, Hints at Crypto Options

Uncategorized2 days ago

Nickelodeon All-Star Brawl will include DLC fighters post-launch

Blockchain5 days ago

Ethereum DeFi Project Development Blasting Higher, But Regulatory Concerns Linger

Uncategorized3 days ago

Investor: Coinbase’s $2 billion junk bond deal shows crypto ‘supercycle’ is in place

Blockchain2 days ago

Biggest Crypto Adoption Rumours: Apple, Amazon, and Walmart

Blockchain2 days ago

Public.com Inks Deal with NFL Star to Advise on Financial Literacy Programs

Blockchain2 days ago

The Signal and the Noise

Uncategorized2 days ago

Bingbon Launches its Carbon Free and Afforestation Project

News5 days ago

El Salvador Announces Tax Exemption on Bitcoin Profits

Blockchain4 days ago

This is how NFT mania pumped Litecoin, MATIC, and other alts

Trending