Bancor Smart Tokens Provide Solution to The Issue of Liquidity 380

There are many facets to the notion of liquidity. Liquidity may be defined as the ability to convert an asset into cash readily on demand. If this definition seems myopic, you can see it as an asset that can be sold or bought at its fair price. Therefore, liquidity signifies that there are no premiums or discounts attached to an asset when selling or buying it. This makes it easy to enter and exit the asset at will.

For any tradable asset, liquidity is paramount. Liquid markets are smoother and deeper when compared to illiquid markets, which can put traders in a place from which it may be difficult to navigate out. For instance, Bitcoin has experienced significant growth within nine years of its existence. In 2009, there were only 50 Bitcoins but today, there are over 13,000,000 bitcoins in circulation. Virtual currencies or cryptocurrencies have witnessed waves of illiquidity. What are the factors that influence liquidity?

  • Exchanges: The increasing number of cryptocurrency exchanges has provided opportunities for more individuals to trade in cryptocurrency. The increase in volume and frequency of trading has contributed to enhancing liquidity.
  • Acceptance: The acceptance of cryptocurrencies at online shops, brick and mortar stores, bookings, etc. has contributed to its usability while reducing its volatility. Coins become more liquid when frequently used as a means of payment.
  • Regulations: Both direct and indirect regulations have played a crucial role. The position of cryptocurrency in each country is different – banned in certain areas, allowed in others, while in dispute elsewhere. Because of the increasing presence of cryptocurrency in the form of exchanges, ATMs, casinos, transactions in shops, financings, etc. these clarified regulations will continue to influence liquidity.
  • Awareness: Many people are practically unaware of what cryptocurrency is all about and how it works. In the midst of these are prospective investors, buyers, and traders of digital coins. Lack of clear guidelines by relevant authorities and limited knowledge has limited engagement to devotees to this moment, but as this changes, so will liquidity via increased volume and acceptance.

Then, How can one technically solve the issue of liquidity facing cryptocurrency? Below we will explore a solution provided by Bancor for addressing the challenges of liquidity faced by cryptocurrencies, conventional tokens, and community currencies. According to Bancor, the issue of liquidity can be addressed through the use of Smart Tokens, by programming tokens to be autonomously convertible for other tokens within the same network. This is achieved through the use of Connectors, which are modules in a token’s smart contract that hold balances of other tokens they are connected to.

What is the Bancor Protocol Smart Token all about?

Let’s begin with the Bancor Protocol which is the standard for what Bancor calls Smart Tokens. The method is as follows: A Smart Token is programmed with one or more connectors, which are modules in their smart contracts. Each connector holds a balance of another connected, the connected token, which can be deposited by the Smart Token creator. These balances are used by the Bancor Formula to calculate the exact price of a Smart Token in any of its connected tokens. The Smart Token can be bought and sold by depositing or withdrawing the calculated amount from its connector balances. For example, if a Smart Token has one connector which holds a balance of Ethereum, that Smart Token can be bought by sending Ethereum to the Smart Token’s contract, or sold by sending Smart Tokens back to the contract and receiving the corresponding amount of Ethereum in return.

If you haven’t heard of smart contracts, these are computer programs which run on the blockchain, meaning they are unchangeable as long as the underlying blockchain is operational. In the case of tokens, smart contracts allow for the programming of certain features, issuing policies and other attributes, directly into the token’s governing software. Bancor uses this ability to program Smart Tokens to buy and sell themselves from users, in exchange for any of their connected tokens, at an algorithmically calculated rate according to the open-source Bancor Formula. This allows Smart Tokens to be plugged into a network architecture, and continuously liquid to every other token in the network, according to a mathematical price which balances buy and sell volumes in the network (more on the formula below.)

The Bancor Protocol recommends a new solution to the issue of liquidity for cryptocurrencies by using an asynchronous price-discovery model, which is enabled by these balances holding Smart Tokens. The most unique characteristic of this solution is the fact that you can buy or sell Smart Tokens anytime, directly through their smart contracts (Bancor also offers a simple Web App user interface) without the need for an exchange or even matching buyers and sellers, as has been the case for decades. Does this sound like crypto magic to you? Let’s explain how it works.

  • Firstly it’s important to understand that Smart Tokens are money that themselves hold money, in their connector balances. What this means is that the smart contract that operates the Smart Token owns a minimum of one other token balance. This is the Smart Token’s initial liquidity “plug in” to the network, and from where the Smart Token can withdraw other tokens to sellers, and collect other tokens from buyers.
  • Secondly, the supply of a Smart Token can be dynamic, and handled by its smart contract directly. When a Smart Token is purchased by sending one of its connected tokens to the smart contract, these tokens are added to the connector balance and new Smart Token units are created and sent to the buyer. This means that a Smart Token’s supply is growing as demand for it is growing. Thankfully, so is its connector balance, so as you’ll see below, its price is also increasing. This means that increased supply does not mean inflation or dilution for Smart Token holders, since price is a factor of demand, not constrained by a traditional fixed supply. Similarly, when a Smart Token is sold, it is simply sent back to its smart contract, which withdraws the corresponding amount of connected tokens from the connector balance and returns them to the seller, and the sold Smart Token units are destroyed and removed from circulation. Price however, is still decreasing, thanks to the Bancor Formula which takes this decreased connector balance into account. You can liken this mechanism to when tokens are issued by initial coin offering smart contracts in exchange for other tokens like Ether.
  • Thirdly, is the realization that Smart Tokens calculate their own prices vis-a-vis other tokens they are connected to. This is according to the Bancor Formula which holds the ratio constant between a Smart Token’s total market cap, and its connector balance. As buys and sells add and subtract tokens from the connector balances, the price of a Smart Token will fluctuate to keep this ratio, configured by a Smart Token’s creator (and called the weight), constant. This ensures that buy and sell volumes strive for equilibrium, as a Smart Token’s price is rising when it is being bought, and falling when it is beind sold. Just as you’d expect with supply and demand principles, only here the supply can adapt to the demand, and price is calculated as a mathematical function between the Smart Token and its real-time connector balances. .

One may be thinking if all of this functionality is required, given the fact that price discovery and liquidity is already obtained via trading activity in traditional exchanges. Is there a reason for a different solution? The answer to this question is yes. This is because exchanges can be seen as “matchmakers” between individuals or parties with different wants. A particular trade comprises of two opposing transactions, one where each party is selling what the other party wants to buy. The situation where a particular party needs to find another party with opposite wants is the sole reason why currencies and other assets face liquidity risk. With this constraint, it is impossible for smaller scale currencies, such as loyalty points, community currencies, and other relevant credits, as examples, to become consistently liquid.

Additionally, people who provide liquidity such as market makers and traders are logically looking for ways to take full advantage of profits. This connotes that liquidity comes at a price or cost with the current exchange solution, allocating value to middlemen. This is why BancorSmart Tokens are unique, allowing currencies to enjoy automated and continuous liquidity, and with no added fees. The contribution or partaking of market makers and traders in their convertability isn’t compulsory, but optional for both parties. In fact, Smart Tokens may be regarded as a token with a built-in not-for-profit automated market maker for itself, being operated by its open-source smart contract.

A Bit About the Bancor Token Generation

This decentralized liquidity network Blockchain project raised approximately $153 million in Ether within three hours. Bancor was one of the most successful token launches of 2017. The token generation event took place on June 12, 2017, attracting more than 390,000 contributions in Ether, a world record in the market at the time.

Bancor’s BNT is the Bancor Network Token. According to the company, in the next two years, there will be a host of new features available to Smart Tokens, including security upgrades such as delegated account recovery, the ability to purchase them with a credit card, enabling communities without a token to easily create one without technical knowledge, and moving to a fully decentralized backend and front-end architecture, as well as taking the liquidity network completely cross-blockchain. Finally, we will see the launch of Bancor Grants, helping local communities build capacity towards launching and maintaining a local Smart Token for their economy or network, and subsidizing the BNT needed for qualifying communities to connect to the Bancor Network (via their Smart Token’s connector balance, which will be held in BNT.) Since launch, Bancor has activated their token, launched and activated Relay Tokens for over 20 ERC20 tokens which are now convertible via the Bancor Network, launched their Web App on desktop and mobile, and deployed a portable widget to enable users to convert Smart Token’s from anywhere on the Internet. This attribute alone safeguards users and enables them to convert their tokens remotely and in a decentralized fashion.

BNT holds Ether (ETH) as its connected token, making it possible to convert any token within the Bancor Network into ETH, instantaneously and without the need for matching buyers and sellers. This is groundbreaking in the blockchain world, with Bancor pioneering an autonomous technology that a technical solution for instant liquidity and eventually also the instant creation of intrinsically liquid cryptocurrencies.

What are the Benefits of Bancor Smart Tokens?

Smart Tokens bring about several benefits when compared to the traditional token model, which include:

  • No Extra Fees: Unlike the traditional token and exchange models, the only compulsory fee that is paid for converting Smart Tokens is the blockchain platform fee, which in the case of Ethereum is known as gas.
  • Continuous Liquidity: Because selling and buying are carried out through smart contracts, you can always convert Smart Tokens from/to their connected tokens, regardless of the volume of trading done.
  • Foreseeable Price Changes: The Bancor Smart Token allows for the pre-calculation of price changes according to transaction size, since each transaction itself will result in a change to the current price by adding to or subtracting from connector balances. This price predictability leads to relatively more stable prices.
  • No Spread: The same price is calculated for buying and selling Smart Tokens since the calculation of these prices is done formulaically by the non-profit smart contract, not by other buyer and seller offers, traditionally known as an order book.

In Conclusion

Bancor has discovered a way out of the historic challenge of liquidity without needing a counterparty to buy or sell a token. This is attainable through a smart contract, currently on the Ethereum network, which keeps a balance in another connected token at all times, and uses a simple formula to continuously recalculate the exact rate at which a Smart Token is convertible for any of its connected tokens, and as such, for any other token in the network. This innovation replaces traditional labor-based solutions, in the form of market makers and exchanges, both for-profit actors, with a technical solution, in the form of a non-profit smart contract that will always buy and sell Smart Tokens thanks to their built-in liquidity mechanism. This autonomous solution could offer a step-function improvement in efficiency, decentralization, accessibility, transparency, and stability for the emerging cryptocurrency economy – if Bancor can pull it off

 

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Cost-effective transactions on ZkSync: introducing FileMarket “Flames” 5615

The Bitcoin whitepaper recently celebrated its 15th anniversary, and it poses an interesting question: What can you legally purchase with cryptocurrency since its inception? The most typical acquisitions include investment products, decentralized finance services, and various crypto assets. However, there’s a growing recognition for Real World Assets like real estate, commodities, art, and even US Treasuries—tangible assets that exist physically. Despite this, digital goods in the realm of Web 3.0 are often overlooked, with few platforms dedicated to this emerging market.

The mantra of digital ownership: Not your key, not your data

Enter FileMarket, a peer-to-peer platform designed for the trade of digital goods within Web 3.0. It aims to be a decentralized alternative to platforms like Gumroad, addressing the pain points of high fees, geolocation-based restrictions, censorship, and privacy concerns that both sellers and buyers frequently endure.

FileMarket is pioneering new methods for trading digital content within Web 3.0. It enables users to monetize their valuable creations—be they books, templates, checklists, educational courses, code, 3D models, music samples, or fitness guides. This is all facilitated by the Encrypted File Token (EFT) protocol, an innovative on-chain solution for unlockable content management—effectively ending the era of “right-click-save” NFTs. It leverages perpetual storage solutions like Filecoin and IPFS, turning your crypto wallet into a ‘My Documents’ folder. Tokenizing files paves the way for immediate market access to EFTs and adds extra value by establishing new rules for the digital economy.

Bridging the gap: File tokenization and Web3 enthusiasts

The significance of file tokenization might not be immediately apparent to the average Web3 enthusiast. Nevertheless, it is clear that early adopters are eager to capitalize on incentives from tier 1 projects like ZkSync. To harmonize these interests, FileMarket introduces on-chain Flames (Likes) — a feature that benefits everyone. The lower transaction costs will appeal to retro drop enthusiasts and highlight the importance of this new protocol. Goods that receive more likes will gain prominence on the platform, and the active participation of users in reviewing and liking digital products will lay the groundwork for seller reputation and future airdrop distributions.

Currently, the platform is actively engaging creators who are keen to sell their digital goods, offering a transparent system complete with royalties and a secondary market. Instant rewards are available for those prepared to upload substantive items — whether that’s Databases (OSINT), Valuable contacts (OSINT), Custom emojis, Top 10 lists, Cryptocurrency tips, or anything else of value — and who bring along their audience. Additionally, referrals are rewarded, providing immediate incentives for every new creator who joins the platform.

Product link: https://filemarket.xyz/

News about the release of the cheapest ‘like’ transaction in ZkSync in the official X account:

https://twitter.com/FileMarket_xyz/status/1726542879152312400
Discord: https://discord.gg/filemarket
Telegram: https://t.me/FileMarketChat
LinkedIn: https://www.linkedin.com/company/filemarketxyz/
DeBank: https://debank.com/official-account/111822

NORDEK Launches “NORDEK Finnovate” – A $10 Million Grant Program Revolutionizing Web3 Payments 5870

NORDEK is proud to unveil “NORDEK Finnovate,” a groundbreaking $10 million grant program specifically designed to revolutionize the Web3 payments space. NORDEK Finnovate is not just a funding initiative; it’s a beacon of opportunity for startups and innovators in the payments, fintech, and banking sectors, offering a unique chance to be at the forefront of the Web3 revolution.

NORDEK Finnovate: A Gateway to the Future of Payments

Finnovate by NORDEK represents a significant leap forward in the evolution of digital payments. This program is meticulously crafted to support and accelerate the most promising projects in the Web3 payments arena. With a substantial fund of $10 million, Finnovate is set to become a pivotal force in shaping the future of financial transactions.

Three Pillars of NORDEK Finnovate: Funding, Mentorship, and Network Expansion

NORDEK Finnovate is built on three foundational pillars, each designed to provide comprehensive support to participants:

Strategic Funding: The heart of Finnovate is its robust funding mechanism. The program offers both early-stage funding to nurture innovative ideas and substantial grants for more developed projects. This financial support is aimed at empowering creators to bring their visionary concepts to life.

Expert Mentorship: Finnovate goes beyond financial assistance. Participants will have access to a wealth of knowledge and experience through our mentorship program. This includes one-on-one sessions with industry leaders in fintech, banking, and blockchain technology, providing invaluable insights and guidance.

Global Networking Opportunities: Finnovate connects participants with a global network of industry experts, potential partners, and investors. This network is a gateway to unparalleled opportunities, opening doors to collaborations and partnerships that can propel projects to new heights. It also allows incubated projects to participate in events organized or participated by NORDEK.

NORDEK Finnovate: More Than Just a Grant Program

NORDEK Finnovate is more than just a grant program; it’s a movement towards a more inclusive and innovative financial ecosystem. It’s an invitation to startups, fintech innovators, and banking institutions to be part of a transformative journey in the Web3 payments space.

“The $10 million grant from NORDEK signifies a transformative opportunity for developers within the blockchain ecosystem. This substantial funding pool serves as a catalyst, providing crucial financial support for ideation, experimentation, and execution of innovative projects on the NORDEK chain. Moreover, the grant goes beyond monetary assistance, offering mentorship, guidance, and networking opportunities. This holistic approach assists developers in refining their ideas, connecting with industry leaders, and gaining insights that can steer their projects towards success,” says Mr. Nawal Kishor, MD and Co-founder of NORDEK.

NORDEK Blockchain’s Ecosystem: A Hub of Innovative Solution

NORDEK Blockchain has become a thriving hub for innovation, hosting a diverse range of impactful financial products and services. This dynamic ecosystem has a range of solutions built on NORDEK’s blockchain and technology stack, ranging from B2B Fintech Solutions like Rover Finance and TapPay to B2C solutions like Norpay and Plutopad.

  • Rover Finance: Payroll and invoicing platform to simplify running a Web3 business and consultancy. Rover Finance enables organizations and individuals to collect payments in crypto and receive it in fiat in a legal and compliant manner.
  • Swapperly: Enabling users to swap, stake and bridge multiple crypto assets.
  • Plutopad: Taking projects from concept to a successful launch with a vibrant community.
  • Norpay: Enabling everyone to use their crypto assets for day to day transactions using Debit card powered by VISA & Mastercard.

Some of the notable blockchain products in the NORDEK ecosystem also include:

  • NORDEK Swap: Enabling users to Swap, Stake and Farm
  • Decentralized Derivative Exchange (DEX): Financial solution where participants can trade futures, options, and other derivative financial instruments.
  • TapPay: Onboarding millions of merchants on Blockchain payments.
  • Centralized Exchange: Advanced platform where users can buy, sell, and trade digital currencies

Together, these platforms and services exemplify the versatility and transformative potential of the NORDEK’s technologies, catering to a wide array of needs in the blockchain and fintech sectors. These will also enable Finnovate Startups to leverage not just these platforms, but also accelerate their GTM plans.

Why NORDEK Finnovate?

Targeted Support: Tailored specifically for the Web3 payments sector, ensuring relevant and impactful assistance.

Global Reach: Open to innovators worldwide, fostering a diverse and dynamic community.

Future-Ready: Focused on cutting-edge technology, preparing participants for the future of finance.

Join the Finnovate Movement

NORDEK’s Finnovate is not just a funding opportunity; it’s a chance to be part of a community that’s shaping the future of Web3 payments. We invite startups, fintech innovators, and banking institutions to seize this opportunity and join us in revolutionizing the world of Web3 payments.

Stay tuned for more updates and details on how to apply for NORDEK Finnovate. The future of Web3 payments starts here, and it starts with you.

UPCX Teams Up with Paycle to Pioneer a New Chapter in Fintech 6664

UPCX-Platforms PTE. LTD., a company dedicated to developing high-speed blockchain open-source payment systems, recently announced a new business cooperation agreement with Paycle Co., Ltd. This decision signifies a joint endeavor by the two tech companies to develop and optimize blockchain payments and financial services deeply.

Since its establishment in 2018, Paycle has been conducting research and development in blockchain, fintech, artificial intelligence, and quantum-resistant encryption algorithms. Paycle’s mission is to create a better future through the power of technology. UPCX looks forward to injecting new vitality into its projects with the help of Paycle’s professional expertise in fintech and blockchain and the practical application of several international patents related to Web3.

UPCX stated that their vision is not limited to creating a blockchain project but, more importantly, to lay the foundation for a new financial ecosystem that everyone can access safely and efficiently. UPCX firmly believes that this strategic cooperation will accelerate the development of its products and services to meet the market’s demand for new financial solutions.

From now on, UPCX will work closely with Paycle to develop innovative products and services jointly. This cooperation will promote the development of blockchain payments and financial services, providing users with safer and more efficient financial solutions.

About UPCX-Platforms PTE. LTD.

UPCX-Platforms PTE. LTD. is a company focused on blockchain technology, developing high-speed, open-source payment systems. The company aims to lay the foundation for a new financial ecosystem that everyone can access safely and efficiently.

Official website: https://upcx.io/

About Paycle Co., Ltd.

Since its establishment in 2018, Paycle Co., Ltd. has been researching and developing blockchain, fintech, artificial intelligence, and quantum-resistant encryption algorithms. The company’s mission is to create a better future through the power of technology.

Official website: https://www.paycle.com/

InfStones Secures SOC 2 Type I Attestation, Bolstering Security and Trust in Blockchain Infrastructure 6996

InfStones, a leading blockchain infrastructure provider, today announced the successful attainment of the SOC 2 Type I attestation, reinforcing its position as a paragon of security and compliance in the blockchain sector. The SOC 2 Type I attestation is a comprehensive assessment to evaluate the effectiveness of a service organization’s controls related to security, availability, and processing integrity.

For InfStones, this attestation affirms its security measures’ strength and adherence to industry best practices. It also signifies that InfStones’ systems and operational controls are in strict alignment with the standards of the American Institute of Certified Public Accountants (AICPA).

What This Means for Our Clients

  • Enhanced Trust: Clients can rest assured that InfStones adheres to industry-leading standards, providing a secure foundation for their blockchain endeavors.
  • Proven Security Practice: The attestation validates the strength of InfStones’ security measures, designed to safeguard client data against emerging threats.
  • Assured Transparency: InfStones’ commitment to transparency is reinforced, ensuring its processes and services are reliable and trustworthy.

A Future Built on Secure Foundations

“Security is not just a feature; it’s the bedrock of trust in the blockchain ecosystem,” stated Dr. Shi, Founder and CEO of InfStones. “The SOC 2 Type I certification reflects our dedication to security excellence. It’s a promise to our clients that we will continue to advance our security measures, always with their trust and safety as our priority.”

About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need – reliability, speed, efficiency, security, and scalability – for cross-chain DeFi, NFT, GameFi, and decentralized application development. InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.

For more information about InfStones and its offerings, please visit https://infstones.com/.

AlphaPoint Celebrates 10 Years of Pioneering Digital Asset Infrastructure 7166

AlphaPoint, a leading provider of digital asset infrastructure of exchanges, brokerages, payment networks, and banking, is proud to announce its 10th anniversary. Since its founding in 2013, AlphaPoint has been at the forefront of developing institutional-grade infrastructure to power the digital asset ecosystem.

As one of the earliest companies in the digital asset space, AlphaPoint’s founders recognized early on the need for robust, scalable solutions to enable mainstream adoption of cryptocurrencies. The company launched with a flagship white label exchange product and has since expanded its offerings to include brokerage solutions, OTC solutions, wallets, payments, liquidity services, asset tokenization, and more.

Over the past decade, AlphaPoint has powered over $1 trillion in transactions across more than 10 million users globally. The company’s exchange technology has powered some of the biggest names in crypto, enabling fast, efficient, and compliant trading.

“AlphaPoint has all the world experience to offer technological solutions, financial services and access to Bitcoin for millions of Salvadorans who are actively using the Chivo wallet.” Through this global undertaking, “the objective of President Nayib Bukele with Chivo is to provide millions of Salvadorans with the opportunity to know about bitcoin, access financial services, as well as the possibility of receiving and sending remittances without charging commissions.”

Milestones include:

  • Supporting over 150 customers across 35+ countries, including leading exchanges, banks, and brokerages
  • Over $1 trillion has been traded and billions of assets deposited on the platform
  • Providing technology to global leading financial institutions such as CME Group, XP Securities, RBC, Scotiabank, Guardian Life, and the largest retail banks in two countries
  • Powering the Chivo digital wallet for the government of El Salvador, the first state-backed implementation of its kind
  • AlphaPoint is the proud recipient of the 2023 US Fintech Awards Best Use of Blockchain Technology, Financial Times The Americas’ Fastest Growing Companies for 2021, Inc 5000 America’s Fastest Growing Private Companies for 2020, and numerous other prestigious awards.
  • Completing SOC1 and SOC2 security audits to meet institutional standards

“When we started AlphaPoint 10 years ago, our goal was to enable mainstream crypto adoption by building solutions to make digital assets accessible, trusted, and reliable,” said Founder Joe Ventura. “Today our infrastructure powers millions of users globally, and we are proud to have helped progress the industry from its nascent stages to the maturing ecosystem it is now.”

As AlphaPoint enters its second decade, the company remains committed to developing best-in-class products and supporting the next generation of blockchain innovation. “The next 10 years will see exponential growth in crypto adoption worldwide,” said CEO and Co-Founder Igor Telyatnikov. “Our solutions make it easy for partners across financial institutions, government and startups to build the digital asset products and solutions that will drive and power mainstream integration.”

About AlphaPoint

AlphaPoint is a global financial technology company providing digital asset infrastructure to power the next generation of exchanges, brokerages, payment networks, and banking. Our full-suite products provide trusted, secure, scalable, and customizable solutions for trading, payments, lending, custody, and more.

AlphaPoint has enabled over 150 customers in 35 countries including the CME Group, XP Securities, and Chivo. AlphaPoint has powered over 1 trillion in trading volume and the technology has handled billions in assets on the platform. Over the past decade, we have received multiple prestigious awards recognizing our innovations, exponential growth and leading technology in the fintech and digital asset space, positioning us to continue empowering our clients. For more information, please visit https://alphapoint.com/.

Meet StocksFC: The Football Stock Market Where Goals earn you crypto 7282

Stockers

Amsterdam, Netherlands – StocksFC, the innovative football (soccer) stock market platform that runs on Ethereum, is proud to announce its astounding success since its inception six months ago. In this short span, StocksFC has redefined the sports investment landscape, presenting fans with an unprecedented opportunity to monetize their football acumen.

A Game-Changer in Sports and Finance

With its launch in May 2023, StocksFC offered fans the chance to buy, sell, and trade football player stocks with the potential to earn crypto rewards when players shine on the pitch. Fast forward six months, and the market cap has increased by 1350%, with over half a million stocks in circulation. This seismic shift in sports engagement mirrors the bullish trends of the most dynamic financial markets.

Unrivalled Profits and Portfolio Power

The platform’s robust growth is underpinned by the soaring value of player stocks – premier players like Maddison surging over 400% since being listed. These are not anomalies but rather the norm on StocksFC, where every week offers the thrill of potential profits. Football fans have the freedom to craft their portfolios to capitalize on the weekly, monthly, and end-of-season cash rewards, with strategies ranging from investing in undervalued players to identifying future superstars.

Alex Thomas, founder of StocksFC said, “The surge in growth we’ve experienced in the past 6 months has been remarkable. We remain firmly committed to establishing ourselves as a leading force in the rapidly growing field of alternative financial assets.”

Three-tier model to retain rapid growth

The three-tier model to retain rapid growth at StocksFC includes an unparalleled commitment to transparency, sustainability, and community.

Transparency is not just a buzzword at StocksFC; it’s the backbone. The platform guarantees an immutable ledger of transactions, fostering unmatched trust among its users. Following this, sustainability is equally vital, with StocksFC’s design ensuring long-term value growth. Each stock is an ERC20 token and with a limit of 100k stocks per player and a systematic burn of stocks on trades, scarcity is artfully crafted to boost potential rewards.

Additionally, at the heart of StocksFC’s ethos is a community-first approach. User polls will guide significant platform decisions, ensuring that those who invest their time and passion into StocksFC have a voice that resonates at the very core of its operations.

The Future is Bright

The groundbreaking platform has not only attracted fans but has also garnered the confidence of financial and technological titans. Early investment from venture capital firm Antler has supercharged StocksFC’s ascent, while partnerships with Bitgo, Ramp, Coinbase Commerce, and Opta have provided a solid infrastructure for seamless, secure trading experiences.

With it’s exceptional growth, StocksFC continues to blaze a trail in the sports investment domain. The future promises an exciting expansion of its offerings, with plans to release hundreds of additional players in the coming months and to expand into Europe’s top 5 leagues, as well as other sports.

StocksFC extends an open invitation to football fans and sports traders worldwide to join them, and be a part of this winning streak that melds passion with profits.

For more information and to become part of this investment revolution, visit StocksFC’s platform, engage with the community on Telegram, Discord and X (Twitter).

Score Big with StocksFC – Where Every Fan is an Investor.

StocksFC – Buy. Sell. Earn