Tag: represents
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PotionLabs Kicks Off Auction for ‘Potion Unlock’ – a Novel NFT Game to Open Source a DeFi Protocol
PotionLabs, the developers of the new risk management layer Potion Protocol, have announced the launch of the Potion Unlock NFT auction. Those who purchase NFTs in the auction will be able to participate in the Potion Unlock game, working with other community members to release the Potion Protocol into the public domain. With this one-of-a-kind strategy based on “aggressive decentralization”, Potion Labs seeks to avoid the dangers of a traditional project launch and to maximize community involvement.
The mechanics of the game are simple. The codebase of the entire project has been stored in IPFS and protected with a strong password. This password has then been split into segments of various lengths and will be distributed across 10,000 unique NFTs.
In order for the code to be finally decrypted and made public, participants will have to collaborate to bring enough of the pieces together. The game itself is totally open-ended: players will have to self-coordinate - without the input of Potion Labs - to find their own solution to the problem.
Once the protocol's file is decrypted and released into the public domain, a community with ‘skin in the game' and web3 operational capabilities will have been formed. This community will then have power and stewardship over the future of the Potion Protocol as a public good.
How Can Players Participate in the Potion Unlock Game?
The majority of Potion NFTs will be sold to the public via a Dutch-style auction starting 14th March (whitelisting already live) where high profile DeFi and NFT participants are expected to take part.
To strengthen the participating community, two Potion NFT rarities (Kelly Knights and Wise Wizards), have already been distributed through a $12M private sale last January. These were bought by prominent DeFi players such as Polychain, Placeholder, Maven 11, Pantera, The LAO, MetaCartel, Parafi, Spartan, Robert Leshner, Fernando Martinelli, Synthetix founders, Crypto Plaza, Roble VC, CULTUR3, Lemniscap, Zee and beToken Capital, among others.
Finally, Potion's early community members (OGs or Original Gangsters), also received a generous allocation of Potion OG NFTs at no cost, in recognition for their early community support and inspiration. A significant number of OG NFTs have also been made available in the form of airdrops to 1,000 leading members of prominent DAOs, with the goal of building a high-quality community around the project.
What is the Symbolism of the Potion NFT Design?
Potion Unlock NFTs commemorate the release of the Lab's Kelly Machine and its key technical breakthrough: the synthesis of the Kelly Criterion into a bonding curve. To celebrate this, each NFT symbolically and artistically represents a different insurance contract. Various characteristic artifacts are used in each NFT to represent the specific parameters of an insurance contract.
The collection of NFTs is made up of 10,000 unique pieces, which together embody one of the first artistic renderings of a financial product as well as providing a dictionary of Kelly Criterion bonding curves. Importantly, Potion NFTs are digital collectibles, not financial instruments: only the original NFT minters can participate in the Potion Unlock game.
What are Potion NFT Rarities?
There are 6 NFT types or “rarities” in the game, each with a different “decryption power”, giving the various players different capabilities and powers. Each NFT rarity will also have a different “redundancy” level, so no single holder can block the resolution of the game.
What is the Motivation Behind the Project?
PotionLabs is seeking to accomplish several goals with this launch model. The developers are deep believers in decentralization and designed Potion Unlock to transfer control of the Potion Protocol to the community. In this way, the approach delivers “aggressive decentralization' and avoids power becoming concentrated in the hands of the few, ensuring that it is instead spread across the community.
This form of protocol release is also meant to create a commercially viable way for PotionLabs to continue to finance its research work while operating within clear regulatory guidelines. PotionLabs also hopes this novel release model can be of use for other Web3 projects.
What do the Team Have to Say?
“We are excited about the opportunity to introduce a new class of services built from the ground up by the community for the community. We believe in a community-first approach to creating radically new technology aimed at helping users in DeFi manage the risk of their assets in a simple and reliable way,” said Guillem Mosquera, PotionLabs Co-founder, and CTO.
"We are deeply grateful to the community around the project who decided to support our vision and team. We are experimenting with new approaches to open source development for web3 and are lucky to have a visionary community willing to fuel and support our exploration. We are excited for them to continue playing a key role in the project's community," said Jordi Muñoz, PotionLabs Co-founder and CEO.
"Extremely sophisticated on the backend, surprisingly simple on the frontend, Potion ushers in a new era of risk management for DeFi liquidity providers (LPs) and consumers. By using the Kelly Criterion, Potion allows LPs to optimally price options according to their desired risk and yield parameters. Then, by aggregating all individual LP curves, Potion offers the best-priced options to the consumer. When people say DeFi 2.0, Potion sits at the top of that list", said Chris Burniske, Partner at Placeholder.
About Potion Labs
PotionLabs is a web3-native research and software development company that has developed a robust risk management layer for crypto assets, the Potion Protocol. It pioneers a new risk pricing model based on the Kelly Criterion, which results in long-term survival mathematical expectations for LPs, and deeper, more reliable liquidity markets for users. The release of the Protocol's code is launching shortly through the Potion NFT Unlock game. More on PotionLabs here: https://potion.fi & https://potion.auction
Showa Denko Group Starts to Consider Transformation into Holding Company Structure
1. Background and purpose of the consideration
As we stated in "Our Policy toward Realization of 'Co-Creative Chemical Company'," which was announced on February 14, 2022, the Showa Denko Group aims to change the Group into "Company that can compete on the world stage," "Company that contributes to sustainable global society," and "Company that develops talent that represents Japan's manufacturing industry," thereby making the Group "Global Top-Level Functional Chemical Manufacturer from Japan," which is the ideal state of the Co-Creative Chemical Company.
Into the Purpose of the Showa Denko Group, which is "Change society through the power of chemistry," we put our will to have global top-level competence as a chemical manufacturer, to think beyond the conventional boundaries of our individual business activities, and to co-create better society with stakeholders and communities who share a high aim and ideal with us. This is the essence of Co-Creative Chemical Company that we aim to be. Through realization of the Purpose, the Showa Denko Group will continue reforming itself, aiming to become the Global Top-Level Functional Chemical Manufacturer.
In the process to realize the ideal state, the Showa Denko Group will commit itself to realize scale and profitability of the Company which are prerequisites to become a company that can compete on the world stage, execute business portfolio management focusing on strategic allocation of management resources, while maintaining integrity, promoting innovations that bear competitive advantage, and executing personnel strategy focusing on human resource development based on Purpose and Four Values, which are the Showa Denko Group's new Corporate Philosophy.
To become Global Top-Level Functional Chemical Manufacturer, which is our ideal state, and to maximize our corporate value, we will accelerate business portfolio management which enable us to solve global social issues and create sustainable corporate value. Aiming to establish organizational structure optimum for realization of the ideal state, we will consider specific procedures for transformation into a holding company structure.
If the Group transforms itself into a holding company structure, the holding company will specialize in formulating and executing group strategy and functioning as a company listed on the stock exchange. The holding company will cope with management issues quickly and flexibly, and realize appropriate allocation of management resources group-wide from bird's-eye viewpoint, including formation of business alliance and M&A. The newly integrated company (a company involved in manufacturing) will focus on strengthening competitiveness of each business of the Company in order to realize synergy of integration of Showa Denko and Showa Denko Materials as soon as possible, and operate businesses in a quick and flexible manner corresponding to the surrounding environment, thereby enhancing corporate value of the entire Group.
2. Planned process for transformation into holding company structure
The planned process for transformation from current company structure to holding company structure is as follows. We will set the current Showa Denko K.K. as a company to be split, execute the company split, make Showa Denko Materials Co., Ltd. (SDMC), which is a wholly owned subsidiary of HC Holdings K.K. (HCHD), in which SDK holds 100% of voting rights, succeed all businesses currently operated by SDK, and merge HCHD into SDMC. Then we will set SDMC as a company to be split, execute the company split, and make SDK succeed a part of SDMC's assets and liabilities. We will announce the detail of this process as soon as it is decided in the future.
3. Plan for the future
- End of June 2022: Record Date to fix shareholders who can execute voting rights at the extraordinary general meeting of shareholders concerning transformation into holding company structure
- August 2022: Board of Directors' meeting concerning transformation into holding company structure
- September 2022: Extraordinary general meeting of shareholders concerning transformation into holding company structure
- January 2023: Transformation into a holding company structure
About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.
For further information, contact:
Showa Denko K.K., Public Relations Group, Brand Communication Department, Tel: 81-3-5470-3235
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comShowa Denko K.K. (SDK) (TOKYO: 4004) announces that it was resolved at the Board of Directors meeting held today that, regarding a plan for transformation from current company structure to holding company structure, the Company will start to consider the plan and prepare for execution of the plan.
Tether legal tender in Lugano, Switzerland – Interview with Tether CTO Paolo Ardoino
In September, El Salvador became the first country in the world to adopt Bitcoin…
The post Tether legal tender in Lugano, Switzerland – Interview with Tether CTO Paolo Ardoino appeared first on Coin Journal.
Academics detail take-off of China’s ice and snow economy
HONG KONG, Mar 8, 2022 - (ACN Newswire) - China has seen the fastest growth of its ice and snow economy in recent years and has become the world's largest market in the sector, according to a report released by Jilin University on Thursday.
Jilin University's Key Laboratory of Ice and Snow Tourism Resorts Equipment and Intelligent Service Technology, took a year to complete its 2022 China Ice and Snow Economic Development Index Report, which aims to measure and forecast China's ice and snow economic development using several ice and snow indicators.
The report proposed the "airplane theory" as a way to look at the ice and snow economy.
The concept uses the growing and escalating ice and snow demand, and ice and snow technology as the "airplane engine" of economic development.
The specific weights of the current stage of China's ice and snow economic development is set out in the report.
The "airplane's head" represents ice and snow sports, which account for 25 percent of that weight. The "airplane's fuselage" represents ice and snow tourism, which accounts for 40 percent of the weight. And the "two wings" that balance the development of the economy represent ice and snow equipment, and ice and snow culture, which account for 25 percent and 10 percent, respectively.
Data shows that China's ice and snow economic development has shown a linear upward trend since the beginning of the 13th Five-Year Plan (2016-2020).
Other than in 2020, with the novel coronavirus pandemic impacting the sector, each year has succeeded the previous one, ever since 2016.
Driven by the Beijing 2022 Winter Olympics, the chain growth rate exceeded 34 percent in 2021, and the development of China's ice and snow economy is expected to maintain a chain growth rate of nearly 30 percent in 2022, the report said.
Along with the Beijing 2022 Winter Olympics, China's ice and snow tourism will show a new face in the international arena, and attract more foreign tourists in the post-pandemic era, the report said.
At the same time, with the release of Chinese people's enthusiasm for participating in and experiencing ice and snow tourism, ice and snow tourism consumption will play a massive role in boosting China's domestic demand and realizing the central domestic circulation, provincial medium circulation, and municipal microcirculation of China's ice and snow economy, the document said.
Xin Benlu, vice-dean of the School of Business and Management at Jilin University, said: "The report is one of the preliminary and basic works for the construction of the big data platform of the ice and snow economy. It is expected to be released annually to measure and forecast the development of China's ice and snow economic development."
Source: https://www.chinadaily.com.cn/a/202202/20/WS62113909a310cdd39bc87b2e.html
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comChina has seen the fastest growth of its ice and snow economy in recent years and has become the world's largest market in the sector, according to a report released by Jilin University on Thursday.
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Jilin University's Key Laboratory of Ice and Snow Tourism Resorts Equipment and Intelligent Service Technology, took a year to complete its 2022 China Ice and Snow Economic Development Index Report, which aims to measure and forecast China's ice and snow economic development using several ice and snow indicators.
The report proposed the "airplane theory" as a way to look at the ice and snow economy.
The concept uses the growing and escalating ice and snow demand, and ice and snow technology as the "airplane engine" of economic development.
The specific weights of the current stage of China's ice and snow economic development is set out in the report.
The "airplane's head" represents ice and snow sports, which account for 25 percent of that weight. The "airplane's fuselage" represents ice and snow tourism, which accounts for 40 percent of the weight. And the "two wings" that balance the development of the economy represent ice and snow equipment, and ice and snow culture, which account for 25 percent and 10 percent, respectively.
Data shows that China's ice and snow economic development has shown a linear upward trend since the beginning of the 13th Five-Year Plan (2016-2020).
Other than in 2020, with the novel coronavirus pandemic impacting the sector, each year has succeeded the previous one, ever since 2016.
Driven by the Beijing 2022 Winter Olympics, the chain growth rate exceeded 34 percent in 2021, and the development of China's ice and snow economy is expected to maintain a chain growth rate of nearly 30 percent in 2022, the report said.
Along with the Beijing 2022 Winter Olympics, China's ice and snow tourism will show a new face in the international arena, and attract more foreign tourists in the post-pandemic era, the report said.
At the same time, with the release of Chinese people's enthusiasm for participating in and experiencing ice and snow tourism, ice and snow tourism consumption will play a massive role in boosting China's domestic demand and realizing the central domestic circulation, provincial medium circulation, and municipal microcirculation of China's ice and snow economy, the document said.
Xin Benlu, vice-dean of the School of Business and Management at Jilin University, said: "The report is one of the preliminary and basic works for the construction of the big data platform of the ice and snow economy. It is expected to be released annually to measure and forecast the development of China's ice and snow economic development."
Source: https://www.chinadaily.com.cn/a/202202/20/WS62113909a310cdd39bc87b2e.html
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comChina has seen the fastest growth of its ice and snow economy in recent years and has become the world's largest market in the sector, according to a report released by Jilin University on Thursday.
La Galerie Des NFT Launches a Unique NFT Collection
La Galerie Des NFT, an exclusive digital art gallery with collections from artists all over the world has launched the most “Out of the box” NFT Collection. This is the world where everything is available digitally. The trend of NFTs have amplified so much in recent times that people are considering it everywhere. Over the recent years, NFTs have become a digital asset that people want to treasure as it gives them peace, satisfaction and consolation of possessing something unique to the world.
The industry has also seen leaps in the recent years. The pandemic has changed the way people live their life. It has made people realise that everything can be accessible digitally. It is a well observed and analysed thing that the adult industry garners the most traffic on the internet. The craze of online shows by adult workers and artists are also getting attention.
La Galerie Des NFT - The Next Gen NFT
A digital art gallery containing collections from artists all around the globe, "La Galerie Des NFT" is a one of a kind digital art gallery. It is the job of the team of "La Galerie Des NFT" to serve as a link between members of the public and artists. Collections that will be beneficial to the holders are the only ones that the team will be putting on display. It is expected that all new collections will get support from the prior collections' communities, which will result in increased value for the NFTs. "La Bel Anus" is the name of the very first collection. It is a nicely curated content which gives pleasing effect to the eyes and takes people virtually into a new world, where there is only the spirit of enjoyment and ecstasy.
Benefits of "La Galerie Des NFT"
There are many benefits of La Galerie Des NFT which validate the possession of these digital assets. Some of them are as follows:
Holder of "La Galerie Des NFT" will be able to party with the group of adult entertainers at an exclusive event organised by the company.
Those who get one of the muses' NFTs will receive: 1 NFT-White List Access to the future collections and private events pass (minimum hold 1 month) + 1 year onlyfans subscription if they obtain one of the muses' NFTs. There are two NFTs in this collection and one free NFT in the next.
Holders will get royalties on this collection as well as all subsequent collections of the Gallery for the rest of their lives. The rarity of NFTs will be determined by a community vote.
They have just recently announced the collection, and the discord channel is a hive of activity. To provide their customers with a one-of-a-kind experience, Adult Entertainers are conversing and sharing pictures in the public conversation.
15% of the Master Piece "Le Fusion Des Anus" (which will be held from the beginning until the auction sale) plus the previously discussed subjects.
Amounts received by those who have the certificate include:
NFTs are made up of 1% of La Bel Anus sales and 1% of the following collections resales (with a minimum hold of one month) plus preceding themes.
The following subjects are worth 5 NFTs: 1 percent of La Bel Anus sales (divided among holders with a minimum of 5 NFTs) plus prior topics.
Every time the Masterpiece "Le Fusion Des Anus" is resold, the member who purchased it at the auction will get a 5 percent commission.
Takeaway
"La Galerie Des Nft" is a unique internet art gallery with collections from artists all around the world. The crew at "La Galerie Des Nft" connects the public with artists. The team will only show collections that will benefit the holders. The communities of previous collections are anticipated to support subsequent collections, increasing the value of the NFTs. The first collection is called "La Bel Anus." It is a well-curated material that entices the senses and transports individuals to a new realm of pure bliss and happiness.
This is the first time in the history of NFTs that the community will define rarity. Holders of NFTs will get a percentage of the earnings from the sale of the masterpiece, increasing their NFT value.
To know more about La Galerie Des NFTs visit www.lagaleriedesnft.com
Twitter: https://twitter.com/lagaleriedesnft
Discord: https://discord.gg/MSuue6zRPD
Instagram: https://www.instagram.com/lagaleriedesnft/
Media Contact:
Company Contact: Tiago Paiva
Company Name: La Galerie des Nft
Email: [email protected]
Website: https://www.lagaleriedesnft.com/
Source: La Galerie Des NFT
Ankr interview – what the team think of MetaMask & Infura restrictions
If “pandemic” was the buzzword of 2020 (and, you know, 2021), then “sanctions” feels…
The post Ankr interview – what the team think of MetaMask & Infura restrictions appeared first on Coin Journal.
Blockpass and Crypto.com Partner to Expand Reach and Build Identity NFT System
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The concept of an Identity NFT system revolves around using a zero knowledge proof (ZKP) approach to bring identity verification options to the crypto sphere. In this, Decentralized Identifier (DID) standards are used to verify that users adhere to certain categories of information (for example, that they are over 21 years of age, or that they don't reside in a country on a prohibited list) without revealing the underlying user's raw data. Groundbreaking work on different forms and implementations of ZKP has been undertaken in the Blockpass Identity Lab at Edinburgh Napier University: https://identity-lab.blockpass.org/.
Crypto.com is a cryptocurrency exchange app based in Singapore which boasts 10 million users and crypto price pages for over 8000 tokens. In its mission to accelerate the world's transition to cryptocurrency, the Crypto.com Mobile App and Exchange provides the option to buy and sell more than 250 cryptocurrencies with over 20 fiat currencies. Users can enjoy a multitude of benefits, including the Crypto.com Visa card and staking rewards. Crypto.com prides itself on its speed, liquidity and security as it simplifies DeFi in preparation for the future of finance. Cronos is an EVM compatible sidechain running in parallel with the Crypto.org Chain. Cronos runs on a Proof of Authority (PoA) consensus algorithm and is powered by Ethermint - a PoS chain interoperable with Ethereum. It aims to massively scale the Chain DeFi ecosystem by allowing developers to rapidly port apps & smart contracts from Ethereum and other EVM-compatible chains.
Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users. Currently with more than 500,000 verified user identity profiles, Blockpass facilitates instant onboarding, and to date over 3000 services have taken advantage of this opportunity to get access to users with reusable digital identity profiles.
"We're excited to be working with Crypto.com on such a huge endeavor," said Adam Vaziri, Blockpass CEO. "Bringing Blockpass to Cronos allows a whole new ecosystem of people to be able to conduct operations in a compliant manner whilst respecting their privacy, and at the same time many more will be able to enjoy the benefits of the PASS token. We're glad to partner with a company that shares our vision of a safe, secure and seamless future for Web3."
Blockpass has grown significantly in size and use since its inception, both in the number and range of users and organizations it has partnered with and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations have led to a surge in interest for Blockpass' On-chain KYC(TM) solution which promises to change the way blockchains enable compliance. Through its recent work with Animoca Brands, Blockpass is developing the ability to provide KYC where the delivery of the verification result is provably sent and shown on a blockchain without sharing the underlying data. This represents a significant step towards the future Blockpass hopes to bring about where identity verification can be proved without revealing any personal information at all.
About Blockpass
Blockpass, the pioneer of On-chain KYC(TM), is a fast, fully comprehensive KYC & AML screening software-as-a-service for blockchains, Crypto, Defi and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass' KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly. By integrating with Chainlink Network - a decentralized oracle solution - last year, Blockpass introduced the first On-chain KYC(TM) solution that will service many blockchains in the years to come. Additionally, Blockpass' partnership with Animoca Brands has demonstrated how verification and adherence to standards can be proved on a blockchain without revealing any underpinning data - a significant boon for verifying Animoca Brands' NFT prize winners and a huge step towards securing the ecosystem of the Metaverse. The Blockpass App is available from the App Store and Google Play.
For more information and updates, please visit and sign up to the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: [email protected]
About Crypto.com
Founded in 2016, Crypto.com has grown into a fully-fledged and well-known international cryptocurrency hub in just a few short years. Its crypto ecosystem consists of the following:
Crypto.com App - https://crypto.com/app
Crypto.com Exchange - https://crypto.com/exchange
Crypto.com DeFi Wallet - https://crypto.com/defi-wallet
DeFi Swap - https://crypto.com/defi/swap
Crypto.com Visa Cards - https://crypto.com/cards
Crypto Earn - https://crypto.com/defi-wallet#earn
Crypto Credit - https://crypto.com/credit
Price Page - https://crypto.com/price
NFT marketplace - https://crypto.com/nft/marketplace
Ethereum Gas Fees Tracker - https://crypto.com/defi/dashboard/gas-fees
... and many other services.
Crypto.com works with regulatory institutions all over the globe, and aims to bring you the most convenient way to buy, sell, trade, and spend cryptocurrencies. The Crypto.com App allows users to buy over 100 top cryptocurrencies at true cost, to earn high interest on their crypto, to manage their Crypto.com Visa Card, and to easily make crypto payments, along with many other rewarding features. The company's Crypto.com DeFi Wallet is non-custodial, so users can have full control of their private keys.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comBlockpass and cryptocurrency exchange Crypto.com are delighted to reveal a brand new partnership as both companies seek to support tokens and identity verification options in the crypto sphere.
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