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Marsis (SIS) Review: The BSC, Decentralized NFT Valuation Platform with DeFi Yield Farming

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A Beeple collection? Is this a typo?

Well, no.

Beeple is the artist who got paid handsomely for his digital work. But not just any other work, for his masterpieces that’s now permanently etched in the Ethereum network as unique NFTs.

For this, he earned $69 million.

Irrational exuberance setting in? No.

The Multi-Million NFT Sector

In reality, the age of NFTs is getting started. The era of non-fungibility and art indivisibility.

By mid-2021, over $400 million worth of NFTs has so far been sold. Besides, there are vibrant primary and secondary markets.

However, it is beyond the chatter of price, revolution, and inevitable criticism; NFTs are about the underlying technology. 

How fast it evolves and the speed at which barriers are being torn. 

NFTs are ushering in a new phase of true decentralization and technology-driven services, rewarding talent.

What is the Marsis Platform?

In this wave, the Marsis platform is positioning itself at the fore with technology and a differentiated solution.

Creators of the platform describe themselves as pioneers who are launching a self-governed and decentralized NFT asset valuation platform on the Binance Smart Chain (BSC). The platform is for developers, artists, and traders.

The platform’s token holders can vote to fuel, earn, or build. 

Marsis is ready for the next generation of blockchain and wants to be part of history shapers. 

From Marsis, creators can list NFTs, allow traders to participate, holders to vote on proposals or items to draw up a consensus value of any listed item, and so much more. 

Notably, Marsis’ NFT creators automatically earn as long as their assets are being voted on. 

Marsis Vision

Think of Tourism and how Tripadvisor or Travala have proven revolutionary. Better still, considering how Yelp has been one of the shapers of the multi-billion hotel and catering industry.

Marsis thinks loftily of NFTs and would be central as the sub-sphere’s valuation expands and ingrained in everyday’s process. Accordingly, the platform ingeniously combines interesting aspects of DeFi and merges them with NFTs to create a mechanism that satisfactorily benefits all stakeholders.

By devolving governance and allowing users to value NFTs while enabling creators to actively earn from their creativity, Marsis is literally overhauling the mode of valuation and flattening barriers.

Main Features of the Marsis Platform

The automated and community-driven protocol wants to reward imagination and dexterity based not on their algorithms but depending on the value assigned by the network users. 

Without sacrificing control and building on a cheaper, high throughput, and widely adopted BSC chain, they are, in essence, among the first to combine exciting aspects of blockchain—NFTs, DeFi, and DAO. 

Over time, the Marsis platform hopes to set the NFT valuation standard.

Marsis is defined and distinguished by the following features:

  • A Decentralized Autonomous Organization (DAO) that promotes fairness and efficient execution in decision-making. By relying on the DAO, the platform can build a self-governed NFT ecosystem. Through the transparency of the base layer, there is more transparency and profit maximization for network users.
  • A voting protocol that supplements the DAO, making it possible for market participants to build a consensual market value of all created and deployed NFTs. Holders of the Marsis platform tokens, SIS, can stake and give out consensus votes. Out of the final aggregated outcome generated by Marsis, an industrial consensus mechanism will reflect the “community” value of the NFT.
  • An extensive NFT trading platform to minimize the cost of NFT creation while offering an all-inclusive, stable, and secure NFT trading experience.
  • NFT fragmentation for users to tokenize NFTs, lowering the barrier to entry of high-value assets while also widening the investment market and boosting liquidity.
  • Yield Farming because of their integration with DeFi. There will be more rewards for highly-rated NFT assets.
  • Interoperability since the platform can connect to the BSC ecosystem, Ethereum, and others enabling a secure fluid flow of digital assets without barriers.
  • Synthetic asset aggregation in recognition of the power of synthetics as a means of boosting public demand.

The Marsis Platform Users

Within the Marsis ecosystem, users can choose to be a spacewalker, resident, or guest. 

Spacewalkers can shuttle within the Marsis NFT ecosystem, view pieces, and freely vote on items that catch their attention. 

On the other hand, creators (professional or amateur) can opt to be residents or guests. Gifted artists can join for free aware that market participants in the Marsis platform determine the value of their work.

Guest creators can drop their collections on Marsis and wait for their items to be voted on. 

Residents, meanwhile, can originate their creation and promote it on Marsis. What should be reiterated is that creators don’t have to trade tokens. They earn, provided their assets are being voted on.

How to Stake and Farm SIS Tokens

Beyond NFTs, Marsis integration of DeFi in their operations opens up more opportunities for network users. 

Yield farming of SIS tokens can be from Marsis’ DEX Pool, where the SIS-BNB pair’s liquidity tokens on PancakeSwap are staked to farm more SIS.

The consensus pool is where spacewalkers can stake and lock their votes. All NFT pieces voted on auto-enter mining activities, generating rewards for creators. 

Closing Thoughts

As NFTs continue to emerge as a novel form of proof of ownership of real-world assets, there is an urgent need for an easy-to-use, intuitive ecosystem that caters to the needs of all stakeholders in this rapidly budding landscape. 

This is exactly where Marsis fits in. 

Marsis leverages the high-throughput and economically feasible Binance Smart Chain (BSC) to ensure a delightful NFT experience to all its users. While there is no dearth of NFT platforms today, it is hard to come across protocols that are committed to democratizing the art or asset ownership process by enabling everyone in the world with an Internet connection an opportunity to involve themselves in digital asset ownership. Further, as mentioned earlier, Marsis offers a plethora of other utilities and services to its users in addition to being an NFT platform. 

Moreover, Marsis allows its users to yield farm SIS tokens by providing liquidity in the SIS-BNB trading pair at Marsis’ DEX pool. 

To sum it all up, Marsis presents itself as an excellent option for users interested in dabbling in the NFT and DeFi waters without having to worry about the finer technical intricacies of using such a protocol.

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Source: https://btcmanager.com/marsis-sis-review-bsc-decentralized-nft-valuation-platform-defi-yield-farming/

Blockchain

Palestine Reportedly Working On Its Own Digital Currency

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Cryptocurrencies are back in the geopolitical scenario. The Palestinian Monetary Authority is reportedly working on issuing a digital currency as a strategy to achieve a higher level of financial independence.

This effort would put Palestine on the same list as other nations like Venezuela, the Marshall Islands, the Bahamas, China, and the latest endeavors of El Salvador, who are interested in the power of the blockchain to improve the efficiency of their financial infraestructure —and gain a little more independence from other economic powers, bypassing their sanctions since we’re there.

A Palestinian Sovereing Digital Coin: Practical Solution Or Political Statement?

Palestine has a rather peculiar political situation, although 138 of the 193 United Nations (UN) recognize it as an independent country, the United States and Israel (two of its mort important political rivals to say the least) do not recognize its existence, and Israel currently excercizes an important militar and even financial control on the region.

Countries that recognize Palestine as a free country (Green) vs Countries that do not (Grey). Image: Wikipedia
Countries that recognize Palestine as a free country (Green) vs Countries that do not (Grey). Image: Wikipedia

And this is where the blockchain comes in as a possible relief valve or perhaps a means of political protest by Palestine agains Israel. Palestine does not have its own currency and instead relies on a mixed economy in which Israeli shekels, Jordanian dinars, and U.S. dollars move in and out.

So, with an economy controlled by a rival third party, it is almost impossible for palestinians to have any financial sovereignty when Israeli banks dictate their movements.


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Currently, Israel prohibits banks from conducting large cash transactions. It also imposes limits on the amount of money Palestinians can transfer to Israel each month.

According to a Bloomberg report, this hinders financial transactions between Palestinians and could be one of the most important practical reasons for trying to create a sovereign currency free from Israel’s influence.

As a result, they [the palestinians] sometimes have to borrow to cover foreign exchange payments to third parties and are stuck with a glut of Israeli banknotes. That could be one reason a digital currency would be attractive to the Palestinian monetary system.

Experts Don’t Expect Much

Palestinians might be optimistic, but many experts don’t see much hope for the Palestinian efforts. Among this group is Raja Khalidi, director of the Palestine Economic Policy Research Institute, who believes that it is practically impossible for the Palestinian cryptocurrency to see the light of day.

“The macroeconomic conditions don’t exist to allow a Palestinian currency — digital or otherwise — to exist as a means of exchange.

For his part, Barry Topf, former senior adviser to the Bank of Israel governor, assured that this currency will fail to fulfill two of the main functions of money:

“It’s not going to replace the shekel or the dinar or the dollar. It’s certainly not going to be a store of value or a unit of accounting.”

However, Palestine seems determined to pursue a venture in which it has nothing to lose. Two cryptocurrency studies are currently underway to help experts understand the landscape. In the end, much of its success will depend on the support it receives from other international bodies, and especially from other states.

And this is a matter of discussion for political analysts, not crypto enthusiasts.

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Source: https://cryptopotato.com/palestine-working-digital-currency/

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Blockchain

Own the Platform That Lets You Be a Bookmaker of Your Favorite Sports Events

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Imagine being part of the ownership of top bookmakers such William Hill or Bet365. To most of us, this will remain just that, the stuff of imagination. Well, not for long. Not with blockchain technology – through the newly launched decentralized stakes platform, Chipz – continuing its major disruption in the betting and gambling sector.

Chipz will allow users to become bookmakers for sports events and own part of the platform once it’s completely decentralized.

How will Chipz work

The Chipz ecosystem will run through their ERC-20 utility token, known as CHPZ. The CHPZ token will be used to create the sportsbooks and stake bids on the platform through smart contracts. Besides, all earnings on the staked bets will be deposited to user wallets in CHPZ.

Once a user already has CHPZ in their preferred ERC-20 wallet, Chipz provides multiple avenues to earn more CHPZ on the platform. For starters, you can become a bookmaker, where you create events with various outcomes and allow bidders to stake on their preferred outcome. The stakers will pay you a set fee in CHPZ.

On the other hand, a user can stake their CHPZ on sports and esports events listed on the platform through Chipz oracle explorer. If your staked outcome wins, the smart contract disperses your earnings in CHPZ to your wallet automatically.

Being Part of Chipz Governance

Based on Chipz’s roadmap, the developers’ ultimate goal is for the platform to achieve true decentralization. The CHPZ token will be used as a governance token.  Here, users who bought CHPZ tokens in the early stages of the platform, as well as verified bookmakers, get to be part of Chipz’s platform decision-makers.

As a CHPZ holder, you’ll be allowed to post and vote on the platform’s proposals and future fees. What’s more, verified bookmakers – highly ranked and trusted Chipz users who have earned a reputation of creating trustworthy bidding instances based on Chipz oracle explorer sporting events – will be allowed to create multiple outcomes on virtually anything beyond the oracle’s data.

Hence, the verified bookmakers will be involved in Chipz governance and create events on absolutely anything with an uncertain outcome that bidders can stake on.

Even better, Chipz developers claim that verification of bookmakers doesn’t involve requesting users for KYC. Rather, the platform will attach a user’s wallet address to their bookmaker profile then monitor the profile based on the bidding instances they set. What’s more, bidders will be able to downvote or upvote a bookmaker hence maintaining accountability in the Chipz community.

Where to buy CHPZ today

Early adopters of the Chipz platform – both bidders and bookmakers – will be rewarded with CHPZ tokens once the platform achieves true decentralization.

Luckily for interested investors, Chipz is still on its 1st version; hence holding CHPZ today makes them early adopters. Currently, you can buy the CHPZ tokens on Bounce as a presale investor at $0.03 per token. There are 15,000,000 CHPZ listed for public presale.

You can also wait for CHPZ public listing on Uniswap scheduled at 6 PM UTC on 6th Aug, 2021 and buy the token at $0.05 per token. The platform plans to list 10,000,000 CHPZ on Uniswap.

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Source: https://www.newsbtc.com/news/company/own-the-platform-that-lets-you-be-a-bookmaker-of-your-favorite-sports-events/

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Blockchain

Kraken Daily Market Report for June 24 2021

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Overview


  • Total spot trading volume at $1.02 billion, the 30-day average is $1.49 billion.
  • Total futures notional at $332.0 million.
  • The top five traded coins were, respectively, Bitcoin (+2.9%), Tether (0%), Ethereum (+1.0%), Cardano (+8.7%), and Dogecoin (+12%).
  • Strong returns from Tron (+14%), Dogecoin (+12%), and Siacoin (+11%).

June 24, 2021 
 $1.02B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
BTC 
$34664. 
↑2.9% 
$344.5M
USDT 
$0.9999 
↓0.03% 
$275.9M
ETH 
$1988.1 
↑1.0% 
$165.3M
ADA 
$1.3586 
↑8.7% 
$63.5M
DOGE 
$0.2635 
↑12% 
$46.6M
USDC 
$1.0 
↑0.0% 
$37.4M
XRP 
$0.6701 
↑4.6% 
$31.6M
DOT 
$16.218 
↑2.6% 
$21.9M
LINK 
$19.029 
↑3.4% 
$13.1M
LTC 
$134.44 
↑4.2% 
$10.3M
SC 
$0.0115 
↑11% 
$7.74M
XMR 
$225.31 
↑3.1% 
$6.9M
KSM 
$205.14 
↓0.29% 
$6.88M
BCH 
$486.82 
↑2.9% 
$6.11M
TRX 
$0.0660 
↑14% 
$6.0M
EOS 
$3.9205 
↑6.8% 
$4.61M
AAVE 
$209.93 
↑0.8% 
$3.91M
FLOW 
$8.71 
↑1.7% 
$3.59M
XLM 
$0.2685 
↑5.0% 
$3.39M
DAI 
$1.0003 
↓0.0% 
$3.2M
FIL 
$57.137 
↓2.6% 
$2.87M
MINA 
$1.76 
↓2.8% 
$2.67M
MATIC 
$1.2027 
↑2.3% 
$2.57M
ATOM 
$10.358 
↑7.8% 
$2.16M
UNI 
$18.041 
↑1.4% 
$1.97M
OXT 
$0.2463 
↑3.2% 
$1.9M
NANO 
$5.0086 
↑7.7% 
$1.8M
ALGO 
$0.8725 
↑4.8% 
$1.75M
KAVA 
$3.5567 
↑5.0% 
$1.61M
KEEP 
$0.2697 
↓0.5% 
$1.55M
ANT 
$3.5411 
↓0.9% 
$1.5M
SOL 
$31.19 
↑3.1% 
$1.49M
XTZ 
$2.8275 
↑5.2% 
$1.34M
ETC 
$43.079 
↑5.2% 
$1.26M
OMG 
$3.8772 
↑3.4% 
$1.23M
DASH 
$131.23 
↑3.0% 
$1.22M
YFI 
$31305. 
↑1.0% 
$1.21M
MANA 
$0.5238 
↑4.8% 
$1.13M
ZEC 
$112.63 
↑0.8% 
$1.03M
COMP 
$256.34 
↑5.9% 
$942K
SNX 
$6.5814 
↓1.4% 
$772K
ICX 
$0.8113 
↑3.4% 
$724K
WAVES 
$13.517 
↑2.9% 
$678K
QTUM 
$6.1507 
↑4.7% 
$635K
BAT 
$0.5719 
↑3.9% 
$523K
GRT 
$0.6017 
↓0.23% 
$522K
MLN 
$66.198 
↓0.6% 
$514K
CRV 
$1.6669 
↑11% 
$504K
PAXG 
$1779.5 
↓0.14% 
$427K
OCEAN 
$0.4304 
↑4.7% 
$409K
BAL 
$17.98 
↑6.2% 
$400K
REPV2 
$12.863 
↑8.7% 
$353K
STORJ 
$0.6808 
↑2.7% 
$349K
KNC 
$1.4049 
↑4.0% 
$341K
RARI 
$8.02 
↓11% 
$338K
MKR 
$2235.8 
↑3.2% 
$265K
LPT 
$23.16 
↓4.9% 
$231K
SRM 
$2.9789 
↑2.4% 
$226K
EWT 
$6.2520 
↑5.6% 
$184K
LSK 
$2.0937 
↑5.3% 
$166K
GNO 
$148.32 
↑0.4% 
$150K
ANKR 
$0.0783 
↑1.8% 
$146K
REP 
$18.633 
↑3.1% 
$131K
SUSHI 
$6.99 
↑0.9% 
$96.2K
REN 
$0.3520 
↑1.4% 
$82.5K
SAND 
$0.2019 
↑4.2% 
$37.2K
ENJ 
$1.07 
↑2.0% 
$36.6K
GHST 
$0.9626 
↓1.8% 
$21.9K
ZRX 
$0.66 
↑3.3% 
$18.6K
TBTC 
$35310. 
↑10% 
$4.22K
BNT 
$3.1430 
↑4.0% 
$1.99K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (June 24 2021)



Figure 2: Mid-size trading assets: (measured in USD) (June 24 2021)


###########. Daily Returns. #################################################

Daily Returns %


Figure 3: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (June 24 2021)


###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

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Source: https://blog.kraken.com/post/9743/kraken-daily-market-report-for-june-24-2021/

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