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Tag: collateral

Unbank the world – with Alex Mashinsky, CEO of Celsius

Reading Time: 4 minutes First let us stop and commend Alex Mashinsky for his impact on the world as we know it. An early pioneer in VoIP, with patents going back to 1994, he is now in the process of replicating that disruptive game changing charge with MoIP or Money over IP. As we […]

What is Web 3.0 and Why it Has Insane Potential

Web 3.0 is a buzzword that has been floating around the depths of the internet in recent years and is a term that is often used synonymously with Blockchain technology. I remember when I had first started seeing and hearing, “Web 3.0,” tossed around in various publications and articles, I didn’t fully grasp or comprehend […]

The post What is Web 3.0 and Why it Has Insane Potential appeared first on Coin Bureau.

SIGN UP NOW: Our Ledger-powered Crypto Life “CL” Card is coming!

Things to know: – We are proud to announce the Crypto Life card, powered by Ledger – in partnership with Baanx, linked to your Ledger Live* app and enabling you to live a full crypto life. – The CL card is the first card you can link to your Ledger Nano, giving you the ability […]

DarkShield Games Pioneering the Play to Earn Market

The studio launched a variety of 2D and 3D RPG games with great success in the past. Now, the team has their eyes set on a bigger goal, bringing the play-to-earn gaming model to the market. The play-to-earn concept is simple. Players have the chance to earn rewards that can be converted to real-world assets. This business model incentivizes users to play more and unlocks all the effort, funding, and time put into gaming titles. 

GameFi

GameFi is the merger of gaming and finance. In the past, this merger consisted of MMRPG's (massive multiplayer role-playing games) originally as many now have working economies. These games have long offered fiat auction houses to let players unlock value. However, these centralized systems were slow and the players had no real way to verify the scarcity of the items they were purchasing.

The randomness of some NFT-based games can make it difficult to predict your income. Since NFTs are unique digital assets, their value is determined slightly differently than normal cryptocurrencies. 

Rather than reviewing the assets market cap, NFT's value comes from their capabilities, scarcity, and their personal connection with the collector. The more you play and the better your chances of securing major wins.

What Makes DarkShield Different

DarkShield is different than other gaming studios in a couple of days. For one, the studio only works with play to earn blockchain games. As such, the developers can direct 100% of their focus on making these titles as fun and profitable as possible. Additionally, DarkShield operates on a multi-chain infrastructure which helps to reduce the cost of playing and opens up the ecosystem for more players. 

DarkShield leverages the power of the Binance Smart Chain. The BSC is a fourth-generation blockchain that supports full DeFi capabilities including staking, farming, and lending. This multi-purpose digital asset can be used to send value, pay fees, staking, and as an in-game currency across multiple titles.

The DarkShield Marketplace

Users can collect valuable in-game assets in the form of cryptocurrencies and NFTs when they play DarkShield games. Once you have some treasure, you can head over to the marketplace to convert your winnings into other popular cryptocurrencies or digital assets. The DarkShield marketplace operates as a non-custodial peer-to-peer market for all digital assets acquired within the studio's titles. 

DarkShield Studios believes that blockchain gaming can be so much more. The team wants to bring AAA-level quality gaming to the sector with cross-chain capabilities. Users will be able to sell and trade valuable NFTs they earned through gameplay. Additionally, the system will support NFT lending.

P2P Lending

Peer-to-peer lending systems leverage large smart contracts called lending pools to provide a more democratic and open process. Unlike your local bank branch, there are no gatekeepers on these loans. Your approval is strictly based on your collateral. As such, it's a more transparent and just process that doesn't require you to jump through unnecessary hoops to access funding. 

About DarkShield

DarkShield has the business model and technology to provide users with a more robust and fruitful experience. The developers have been hard at work researching the best features to add to their titles. Now they are ready to begin releasing these next-gen titles to the public. For now, the group has just released a working demo of their first game, Zygut. Like all DarkShield games, you can earn some serious cryptocurrency playing and having fun.

Useful Links:

https://darkshieldgames.medium.com/
https://twitter.com/DarkshieldG
https://discord.com/invite/c4gj3fRNFA

NEW: Updates to the Blockchain.com Exchange

In late 2019, we launched the Blockchain.com Exchange with the goal of creating a trading platform that was powerful enough for institutional investors...

Buffett-backed StoneCo sheds $22B in value since peaking

Brazilian payments firm StoneCo Ltd. plunged the most on record after disappointing results in the third quarter cast further doubt on the company’s...

IM Model Validation for UMR under EMIR – Backtesting

Last week the EBA published a consultation paper on its  its draft Regulatory Technical Standards (RTS) on Initial Margin Model Validation (IMMV) under the European Markets Infrastructure Regulation (EMIR).  This is an important and long awaited publication, particularly for the hundreds of firms in the EU that are complying with UMR IM requirements as of Sep 2021 […]

Leading Incubator, Starter to Host Token Sale for the Financial Layer Protocol of the Metaverse, StripFinance

-- Recently crowned #1 launchpad by average ROI, Starter (https://starter.xyz), today announced it will host the Initial Dex Offering (IDO) of StripFinance (https://www.strip.finance/), a decentralized platform protocol for easing liquidity in the NFT space. 

As the Non-fungible token (NFT) space continues to vastly expand on the blockchain, hundreds of thousands of creators and enthusiasts interact daily, creating millions of dollars in value within the NFT space. The growing transfer and value of NFTs has created a liquidity challenge in the market that will be solved by StripFinance. The protocol will allow users to provide loans against the value of NFTs as collateral and unlock millions of liquidity currently locked away in ‘Blue Chip NFTs.'

“StripFinance will be offering something we have yet to see normalized in the NFT space: NFT collateralization. Their DeFi protocol will add another staple to NFT utility by allowing lenders and borrowers to use NFTs to conduct transactions and provide additional utility, “said Lionel Iruk, special counsel at Starter. “It's great to be a part of StripFinance's process to see how the protocol will further push the boundaries of the blockchain!”

Within the DeFi protocol, lenders will be able to provide stable coins as liquidity, matching lenders to borrowers who are interested to borrow against their valuable NFTs. The lenders will have control over the interest rate and the Loan-To-Value (LVT) they are willing to offer borrowers. 

The value of the collateralized NFT will be directly retrieved from the NFT Marketplace, creating a fair and transparent collateralization process. Once accepted, the NFT will be transferred and held in escrow. If the installments are paid within the timeframe, the NFT will be returned to the original owner. However, If there is a default, the ownership rights are transferred to the lender. 

Additionally, users will have the option to opt for a pool, where investor and lender funds and NFTs will be pooled and create a stronger collateral and better security for all parties involved. 

StripFinance is founded by veterans of the industry including Varun Satyam, Yuvraj Chhibber and Yash Jejani. So far, the protocol has recently completed a $1.5 million raise so far from LD Capital, Old Fashion Research, Nothing Research, Tenzor capital, Exnetwork Capital, Valhalla capital, Block0, Shima Capital, Lancer Capital, MEXC Global Exchange, Kryptos Research, The NewField Fund, ZBS Capital, Starter Capital, J10M Capital, Wave 7, among others. 

During the Initial Dex Announcement (IDO), $STRIP tokens will be made available for purchase at $0.40 USD. The tokens will offer additional leverage value in the event of the NFT price reduction into the risk threshold. Additionally, $STRIP will function as a native platform utility token to pay fees for other platform services and will be considered within the project governance regarding decisions for project updates, airdrops, burn schedules and developer and community grants. 

Starter's community has provided hassle-free funding to many well-known IDO launches and now adds StripFinance to its list. For more information on Starter's IDO launch of StripFinance, please visit https://starter.xyz/.


About StripFinance

Strip Finance is building liquidity easing solutions for the NFT space, initially launching a collateralized NFT borrowing and lending platform on Binance Smart Chain. The platform's ability to collateralize NFTs through its liquidity protocol enhances the value proposition for both asset owners and yield-seeking investors. 


The idea was conceptualized in response to the global explosion of interest in digital ownership by a team that comprises experienced crypto entrepreneurs, operators, and stalwarts of the crypto industry as advisors and investors. 


Website | Twitter | Telegram | Announcements | Github | Medium



About Starter

Starter (https://starter.xyz) is the leading IDO launchpad, incubator, and investor network for @0xPolygon, $ETH, $AVAX, $FTM, and #BSC, having raised over $25M for 40+ projects, including Cake Monster, Wall St Bets, Nasdex, and Enjinstarter. Starter provides projects access to funding opportunities without the hassle of bureaucratic hurdles or complex KYC requirements. Starter's suite of products include a venture arm Starter.capital, launchpad Starter.xyz, and token vesting and liquidity locking StartVesting.xyz.

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YouHodler Will Delist Bitcoin SV (BSV) to Protect Its Users’ Holdings

YouHodler, a fintech platform that helps people access the benefits of the crypto economy, announced that it would delist the Bitcoin SV (BSV) coins on November 9th, 2021. Current holders are able to withdraw their BSV holdings or exchange it for other coins. All trading deals and BSV backed loans will be closed automatically on November 9th and after that all BSV coins will be automatically converted to Bitcoin at market rate.

“Most crypto companies followed Binance which loudly announced its decision to delist BSV tokens back in April 2019. Relying on our core principle of letting customers decide what to hodl and trade, we held on to BSV much longer as people were still interested in  hodling it”, says Ilya Volkov, CEO & Founder of YouHodler. “At this point the trust in Bitcoin SV plummeted and we can no longer allow our clients to hold it as it could lead to a total loss of funds. That's why we made a decision to delist BSV from YouHodler's platform”.

Bitcoin SV is a fork of Bitcoin Cash created in 2018 after a group of miners disagreed with the ecosystem's decision on solving the scaling issues. During the summer of 2021 Bitcoin SV suffered multiple 51% attacks, making the audience question the safety of its network. The people behind Bitcoin SV have also made dubious claims and attempted to manipulate the market. As of today, Bitcoin SV is the token #54 on Coinmarketcap and its market capitalization is shy of $3 billion. 

YouHodler's users are able to convert their BSV to BTC, ETH, ADA, BNB, LTC, XLM, XRP, DASH, HT, DOGE and other popular cryptocurrencies and tokens. YouHodler's solutions open up connections between crypto and the real world, allowing people to use their crypto assets without spending them. With YouHodler, users can buy and sell crypto at any time, use it for purchases or put it in a reward account generating up to 12% yields. In addition, they can exchange crypto, fiat and stablecoins and get instant cash and crypto loans with their crypto assets acting as collateral.

About YouHodler

YouHodler is a fintech platform that helps people access the benefits of the crypto economy. It allows users to get instant cash and cryptocurrency loans, exchange crypto, fiat and stablecoins quickly and easily, and earn up to 12% APR + compounding interest by depositing crypto in their account. The platform has the highest loan to value ratio (90%), with minimum loan amounts starting at just $100 and accepts the top 30 coins as collateral with instant credit card and bank withdrawals included. YouHodler supports BTC, ETH, ADA, BNB, LTC, XLM, XRP, DASH, HT, DOGE and other popular cryptocurrencies and tokens. Users' funds are protected with Ledger's industry-leading and independently-certified security technology, as well as their insurance program. The company is an EU and Swiss-based brand with two main offices in Cyprus and Switzerland. For more information please visit https://www.youhodler.com 

Inside Look: State Street’s Collateral+

Collateral management is still handled in a largely manual way, often with parties trading data in spreadsheets. Global regulations have made this challenging...

A Review of Fintech Companies in Saudi Arabia

As part of the initiative to become a global giant, Saudi Arabia has continued to promote advancements in the financial sector. And with the current COVID-19 pandemic, these tech-driven changes have continued to accelerate. But what is a fintech company in the new Saudi Arabia? In this article, we explore fintech companies and their operations […]

The post A Review of Fintech Companies in Saudi Arabia appeared first on SDK.finance - White-Label Digital Core Banking Software.

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