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THREEFOLD LAYS THE FOUNDATION FOR A TRUE PEER-TO-PEER INTERNET AND FORMALLY ANNOUNCES ITS TOKEN DISTRIBUTION EVENT

In 2016, ThreeFold identified the need for a new, upgraded, and more-secure internet – a peer-to-peer internet that empowers equality (access), autonomy to its users, and sustainability. Today, inde

The post THREEFOLD LAYS THE FOUNDATION FOR A TRUE PEER-TO-PEER INTERNET AND FORMALLY ANNOUNCES ITS TOKEN DISTRIBUTION EVENT appeared first on AMBCrypto.

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In 2016, ThreeFold identified the need for a new, upgraded, and more-secure internet – a peer-to-peer internet that empowers equality (access), autonomy to its users, and sustainability. Today, independent ThreeFold Farmers have collectively built the largest distributed peer-to-peer grid of internet capacity in the world, live with more than 40,000,000 GB of capacity and 15,000 CPU cores, and stretching across more than 20 countries.

The technology for this new internet has been created by ThreeFold Tech, who works with its partner Hewlett Packard Enterprise to provide ThreeFold Farmers with high-quality hardware.

An Alliance to Build a True Peer-to-Peer Internet

ThreeFold comes alive with a collaborative ecosystem of partners and projects called the Conscious Internet Alliance, focused on creating a more human and planet centric world. Among them:

  • The Solidaridad Network, which aims to empower more fair and sustainable supply chains
  • 3Bot, your digital twin, a gateway to a peer-to-peer world
  • SEEDS, a regenerative financial system for a thriving global society
  • Take Action Global, creating opportunities for students to take action on social good causes
  • Artheon VR Museum, a free educational platform offering immersive cultural experiences
  • A peer-to-peer file manager, virtual browser, and more

Together, the alliance represents a group of projects that believe in the need for a new Internet that does good for the world. ThreeFold welcomes new partners who share the same belief and are ready to act.

The Token of the New Internet

The ThreeFold Grid is powered by the ThreeFold Token (TFT), which is now publicly available on the Stellar Network and will be listed on Liquid Exchange and BTC-Alpha Exchange towards the end of May. Proceeds from the token sale will be used to support projects focused on bringing experiences to the ThreeFold Grid, including some mentioned above.

The TFT is a decentralized digital currency that represents a unit of reservation of capacity (compute or storage) on the ThreeFold Grid, the largest peer-to-peer internet grid on earth.

It is a fully community-mined (farmed) token; there has never been an initial coin offering of any kind. TFTs are only created when physical hardware is connected to the ThreeFold Grid and can be exchanged for the utilization of grid capacity at any point. The token model incentivizes the further expansion of the ThreeFold Grid towards developing regions, especially Africa and South America. Additionally, part of the transaction goes to the Foundation to fund projects that are believed to bring a positive human or planet impact.

ThreeFold, along with its collective ecosystem of partners, believes that equality, autonomy, and sustainability are key pillars needed to achieve peace and fulfillment of humankind’s potential. Together, they aim to join forces to create and share better technological and non-technological solutions with the world.

ThreeFold is building a peer-to-peer internet that empowers equality, autonomy, and sustainability, and is supported by the ThreeFold Foundation. Its technology has been developed by ThreeFold Tech in collaboration with Hewlett Packard Enterprise, Kleos, and Flowgen as its technology partners. The team formed around co-founder and serial entrepreneur Kristof de Spiegeleer has over 15 years of experience in cloud computing and a number of exits. ThreeFold is a planet-first project, believing that building technology and doing good for the world can go hand in hand.

If you would like more information about the ThreeFold, please contact the team here.

Disclaimer: This a paid post, and should not be treated as news/advice.

Source: https://ambcrypto.com/threefold-lays-the-foundation-for-a-true-peer-to-peer-internet-formally-announces-its-token-distribution-event

Blockchain

Axie Infinity Records Holders ATH: 420% Year to Date Growth

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Popular non-fungible token (NFT) gaming platform Axie Infinity continues to see increased adoption from users, following exponential growth in the number of wallet addresses.

Axie Sees Surge in Address Holders

According to data provided by IntoTheBlock on Tuesday (September 28, 2021), Axie Infinity Shards (AXS) ownership is on the rise, with 17,480 address holders. This figure represents a new all-time high (ATH) and a 420% increase year-to-date (YTD). Meanwhile, this growth is indicative of the rising popularity of Axie Infinity and play-to-earn non-fungible token (NFT) gaming.

Back in July, CryptoPotato reported that the value of the AXS token skyrocketed nearly 400% within one month, leading to a market capitalization of over the $1 billion mark. Later in August, AXS was among the assets listed on the major cryptocurrency exchange Coinbase Pro, which also gave it an immediate boost.

Axis Infinity, developed by Sky Mavis and released in 2018, arguably popularised the play-to-earn trend and has recorded a number of impressive milestones in recent times. Data from DappRadar revealed that the project recorded over $2 billion in NFT sales volume, solidifying Axie’s place as the most valuable NFT collection, thereby surpassing major names such as CryptoPunks, Art Blocks, and NBA Top Shot.

The data also showed that more than 600,000 users traded Axis Infinity NFTs, resulting in 4,887,645 transactions. The project currently boasts over 1.5 million daily active users.


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According to Jeff Zirlin, co-founder of Axie Infinity, half of the platform’s users got to interact with cryptocurrency and blockchain for the first time through Axie, while 25% of them did not own a bank account.

The Growth of NFT Gaming

The NFT industry is becoming popular with celebrities, major sports leagues, and companies buying digital art in whatever form, or selling them. However, blockchain-based games are seeing a special kind of attention.

A report by DeFiPrime stated that the NFT Gaming market has a total market valuation of nearly $180 billion as of August 2021, with the value estimated to rise to $196 billion. An excerpt from the report reads:

“NFT games may have the potential to become the standard for the gaming market if it sees enough attention and popularity. Already they have made major changes to games and made it much more fun for players. From there, it could be a very major change to the way people play games and could be as major as Doom was to the market or 3D was for environments.”

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Source: https://cryptopotato.com/axie-infinity-records-holders-ath-420-year-to-date-growth/

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Bitcoin, Ethereum will draw their market strength from this key aspect

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Bitcoin and Ethereum are currently surviving a bearish scare, with both assets just about holding a position above their immediate supports. For Bitcoin, the $41,000-level is establishing a strong bounceback range while Ethereum has managed to remain above $3000.

On the contrary, some altcoins have recorded strong recoveries, with Solana, Bitcoin Cash, and Uniswap hiking by more than 10% in one 24-hour window.

Now, these altcoins seemed to have the relative edge at press time. However, there are a couple of key metrics which may allow us to evaluate the actual strength of Bitcoin, Ethereum as the market goes forward.

How much importance should be given to utility?

Source: Sanbase

Over the past few years, market stability has been dependent on different aspects. During the bullish rally of 2017, investor sentiment was key and when major traders started to become bearish, the digital assets collapsed.

Then, it was constructive institutional inflows at the beginning of 2019. At the time, it was suggested that institutions can allow tokens such as BTC, ETH to hold higher price positions. The price fell in 2020, irrespective of rising interest.

However, one key idea missed by most speculators might be the utility side of things, which is presently one of the most important functionality. Gone are the days when astute marketing allowed assets such as TRON to climb into the top-10.

Now, according to Santiment, Bitcoin has hit a two-month high in terms of circulation. What’s more, if the chart is closely observed, the average BTC transferred has risen consistently over the month of September.

Source: Sanbase

Similarly, Ethereum hit a similar feat but its 1-day circulation index was at a 3-month high, indicative of high token utility and movement.

Ethereum’s price has dropped sharply over the course of the past few weeks, but circulation has remained high.

Bitcoin, Ethereum spaces have evolved

Now, to be fair, it is important to account for volatility and the fact the circulation isn’t as high as it was during May 2021. However, maintaining a development and transaction-intensive ecosystem, one which allows the price to be built on strong foundations, is eventually advantageous.

Now, with respect to the assets that have grown over the past few days, besides BCH, both Solana and Uniswap are extremely utilized tokens. While one is the native token of a major DEX, another asset is currently responsible for bringing better L2 solutions.

Likewise, for Bitcoin and Ethereum, higher utility and circulation should keep the asset relevant, and progressively exhibit significant recoveries over Q4 of 2021.

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Source: https://ambcrypto.com/bitcoin-ethereum-will-draw-their-market-strength-from-this-key-aspect

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Swaps.app Offering Seamless Crypto Swaps With No KYC Process

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Swaps.app Offering Seamless Crypto Swaps With No KYC Process

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Swaps.app is simplifying how users are converting Bitcoin and other cryptocurrencies by eliminating the current barriers available in the market.

The EU-regulated company is changing how people swap cryptocurrencies for money with its “swap’n’Go” approach. The platform is a user-friendly space that allows anyone around the globe to effort conduct various trading activities.  

Swaps.app has various unique features. The platform notably offers low commissions and a faster transaction experience to its users compared to many other venues in the market.

Swaps.app offers the lowest fees in the industry while at the same time offering the best buying rates. Transactions performed on the Swaps.app employ price execution from top liquidity providers. In turn, this assures that Swaps.app customers get the best price possible for their purchase.

In addition, transactions on the platform take about 3 minutes. This is because there is no Know-Your-Customer (KYC) process and allows transactions to take three minutes to complete. This is a breath of fresh hair since the registration process associated with cryptocurrency exchanges is usually lengthy and cumbersome compared to most. The process has notably caused many people not to engage in cryptocurrency trade. 

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Another notable feature is that coins get to users’ digital wallets within 15 minutes of payment approval. Swaps.app has two currencies available for purchase, including Tether (USDT) and Bitcoin (BTC). Currently, the platform is accepting two payment methods, Visa and MasterCard debit and credit cards. Users can purchase varying amounts of cryptocurrencies up to €1,000 per month.

To merchants and developers, Swaps.app provides a convenient order widget that can be integrated into any webpage with just a few clicks.

In addition to being regulated by the authorities, Swaps.app integrates a full 3-DS V2 for safe and secure transactions. Reportedly, card purchases that use PCI DSS Level 1 certification will be authorized by code and verified by Visa or Mastercard ID Check.

Swaps.app is now available to over 160 plus countries and is available 24/7 throughout the year. The platform is owned and operated by Octo Liquidity, based in Tallinn, Estonia.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

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Source: https://zycrypto.com/swaps-app-offering-seamless-crypto-swaps-with-no-kyc-process/

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