Lithuania Issues World’s First Digital Collector Coin in Hopes of Becoming European Blockchain Hub 119

The Bank of Lithuania announced today, March 6th, that it plans to issue the world’s first digital collector coin to mark this year’s centenary of the Baltic state’s independence from the Soviet Union. To design and develop the underlying blockchain technology, the Bank of Lithuania will be organizing a “hackathon,” bringing together tech companies and IT professionals from around the world. The R&D event is set to take place in May of this year.

Final decisions on the mintage, denomination, price, the date of issue of the coin, and the mode of distribution will be made after the hackathon comes to a close. According to the central bank, more information on the hackathon will be available in early-April.

“It should be some kind of visualisation on a smartphone or computer, but exact details should be clearer after the hackathon,” central bank spokesman Rimantas Pilibaitis told AFP.

According to Marius Jurgilas of the Board of the Bank of Lithuania, the central bank has been making intensive preparations for the issuance of the digital coin: “Many challenges are upon us, yet we hope that, having overcome any hurdles that may come our way, we will make our plans a reality before the end of the year.”

“This would be the perfect way to mark the centenary of the restoration of Lithuania’s statehood, which we are celebrating this year, as well as show the world that it is a progressive and innovation-fostering country, always open to new ideas. Introducing a digital collector coin, Lithuania would be the first to break new ground in numismatics,” Jurgilas added.

Whatever eventual form the country’s collector coin takes, the Bank of Lithuania says it will be intended for collection and will not be issued with a view to be circulated. That said, the digital collector coins may be exchanged with the Bank of Lithuania at nominal value. This is in contrast to similar moves made by countries like Venezuela, who unveiled their cryptocurrency the “Petro” earlier this year. The Petro’s value is pegged to the price of a barrel of oil.

LBChain

The issuance of the digital collector coin is yet another step towards implementing one of the Bank of Lithuania’s strategic directions in the field of innovation and financial technology. At the start of the year the central bank announced its intention to create a blockchain platform called LBChain.

LBChain aims to help Lithuanian and international companies garner knowledge on cryptocurrencies and carry out blockchain research, with plans to adapt and test blockchain-based services in the country’s financial sector.

The project is expected to be launched in 2019, accelerating the development of FinTech businesses and reinforcing the country’s eagerness to become a northern European hub for financial technology firms and blockchain-based start-ups.

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Polygon announced as the title sponsor of this year’s Crypto Fest 2022 2547

Bitcoin Events has announced Polygon as the title sponsor of Crypto Fest 2022 hybrid edition. Polygon is a decentralized Ethereum scaling platform that enables developers to build scalable, user-friendly DApps with low transaction fees and without sacrificing security. Over 20,000 DApps have used the Polygon platform to scale their applications.

Polygon is committed to fostering the growth of Web3 applications by providing the infrastructure needed for the next generation of the internet.

Shodipo Ayomide, developer relations at Polygon, said: “We are excited to be joining the 2022 edition of Crypto Fest as the title sponsor, and we are looking forward to supporting more conferences like this in South Africa and across Africa as a whole.”

Dalip Tyagi, developer relations at Polygon, said: “I’m excited about the happenings in Africa and I can’t wait to experience Crypto Fest this September 2022.”

Muskan Kalra, developer relations at Polygon, said, “When I heard about Cryptofest from Ayo, I researched it and was ultimately impressed, I was sure this is one event in Africa that we cannot miss.”

The Crypto Fest has become a popular annual event. This year, it forms part of the Week of Innovation in Cape Town, a collaboration with the SA Innovation Summit, the largest start-up event in Africa, which is taking place in Cape Town from Sept. 27 to 29, 2022.

On Sept. 30, more than 2,000 attendees will be joining this event either virtually or in-person in Cape Town, South Africa. Top global speakers will be sharing their insights on trending cryptocurrency, nonfungible tokens (NFTs), the Metaverse, Web3 and Decentralized Finance (DeFi) topics.

The Crypto Fest 2022 theme “(Don’t) Look Up” is a play on the satire-comedy movie title “Don’t Look Up.” Change is coming to the crypto-DeFi-NFT-Web3 space and now is the time to “look up” and notice the changes as well as the opportunities.

The Crypto Fest will ignite hard-hitting conversations, spark critical debates and host a one-of-a-kind experience on how the crypto-DeFi-NFT-Web3 technologies and communities are altering the worlds of finance, investing, art, music, sport, gaming, entertainment, marketing, governance and more.

Expect a packed day of exciting keynote presentations, a marketplace with a hive of activity at the various booths, NFT art and Metaverse gaming experiences, competitions and giveaways, and top local artist and DJ performances at the afterparty. Well-known South African radio personality Kienno Kammies will lead the proceedings as the Master of Ceremonies. All this action will be taking place in Cape Town, ranked as one of the most beautiful cities in the world.

A variety of tickets are available, from in-person general and VIP tickets to livestreaming tickets for those who prefer to attend virtually.

Bitcoin Events is offering a 40% discount on tickets to the SA Innovation Summit with the coupon codes “CRYPIP5” for in-person tickets and “CRYPON20” for virtual tickets.

About Bitcoin Events

Bitcoin Events is the first events company to host world-class blockchain and cryptocurrency-specific events in Africa. The company has hosted eight highly successful Blockchain Africa Conferences in Cape Town, Johannesburg and online. In 2019, Bitcoin Events introduced the Crypto Fest and in 2020, it introduced DeFi Conferences.

Over 15,000 attendees from 165 countries and 270 global speakers have attended these events.

Tezro Announces New Initiative Which Allows Users To Exchange USTC For TezroST 2535

1 2022 07 26 в 12 49 12

As per the latest announcement by Tezro, USTC token holders will be given the chance to exchange USTC for TezroST, which is the Tezro shopping token backed by Tether. The rate shall be $1 per USTC token and the new feature will also only be available via the official app.

A new and innovative feature

All the users need to do to use this new feature is download the app and look for the TezroST icon. If they possess any USTC tokens, they can easily exchange them for TezroST, a shopping token that can be utilized to pay for all sorts of goods and services in online stores through the Tezro Swift API.

Tezro supporters are being encouraged to try it out as soon as possible as this is one feature that they certainly would not want to miss out on, especially given the fact that almost nobody wants to hold on to USTC tokens anymore.

Tezro could be the answer

TerraClassicUSD (USTC), formerly TerraUSD, is an open-source blockchain that hosts a wide range of dApps (dApps) as well as developer tools inside its ecosystem. Originally formed as an algorithmic stablecoin, it is a cryptocurrency which uses algorithms to maintain a 1:1 peg with the inventory currency it backs.

TerraUSD was launched in September 2020 as part of a partnership with Bittrex Global. It was co-founded by Do Kwon, the creator of Terraform Labs which is the software development company responsible for introducing the TerraLuna and TerraUSD tokens. However, after the recent Terra disaster, many have lost faith in the project and most have already sold off their coins. Additionally, as TerraClassicUSD is not a stablecoin anymore, Tezro’s new initiative could indeed be a viable method of getting rid of the USTC tokens and exchanging them for TezroST, which most would agree is a more sensible choice at this point.

About Tezro

Tezro is a comprehensive platform and application that also serves as a cryptocurrency wallet. The app provides safe chat software with plenty of innovative features and services. In addition, Tezro AI enables consumers to invest effectively in a variety of currencies on Uniswap2 and Uniswap3.

Furthermore, Tezro allows its customers to send and receive messages as well as make crypto and fiat transactions from any location. It is also the very first program that combines virtual financial transactions with digital communications in real time. Lastly, Tezro is backed by third generation blockchain technology which enables the platform to offer a variety of services and features to users. The app is also compatible with all PC, iOS and Android devices.

Visit Tezro’s official website and the Twitter, Facebook and YouTube channels for more information and regular updates.

EZ Blockchain Introduces new Hosting Services at the Mining Disrupt Conference in Miami 2161

EZ Blockchain will be attending the Mining Disrupt conference scheduled for July 26-28 in Miami. The green Bitcoin mining solutions company will meet with people to discuss its already complete and readily available low-emission hosting all-inclusive services. The hosting services are currently available in Kansas, Texas, Colorado and South Carolina.

At these challenging times, EZ Blockchain prides itself on having reliable and profitable crypto mining hosting solutions for crypto mining investors. The company also plans to use the oncoming world’s largest Bitcoin mining expo to share more details about its upcoming availability of 1.5mW mobile immersion mining container solutions. The mining container will be available for pre-sale orders, although deliveries are anticipated for the 4th quarter.

TRON DAO Announces New Grants Program to Foster Growth of Overall Ecosystem 2254

1 2022 07 25 в 20 06 56

Geneva, Switzerland / July 25 /TRON DAO is thrilled to announce its Developer, Community Ambassador, and Influencer Grant Programs to BUIDLers on the TRON network.

As one of the largest DAOs, TRON is always looking for new opportunities to grow its ecosystem and further engage its vibrant global community.

The Community Ambassador Grant Program will encourage a gateway between the DAO and multiple dedicated TRON friends and families to expand the TRON ecosystem. With a quarterly grant allocation of $30,000, the program will cultivate relationships between the DAO and established Ambassadors actively engaged within the TRON Community.

The Community Ambassador Grant criteria include:

  • Established community on a popular Social Network, e.g., Discord, Telegram, or Twitter
  • Sustained history of regular engagement within the community
  • Genuine support for TRON DAO and its community objectives
  • Solid understanding of the TRON ecosystem

To apply, please click here.

The Developer Grant Program will also boost a bridge between the DAO and various core developers to expand the TRON network. With a quarterly grant allocation of $90,000, this program will formulate multiple incubation spaces designed to engage and empower leaders to promote new use cases of the TRON blockchain.

The Developer Grant criteria include:

  • Established project with proof of concept, e.g., Github Repository, or Provable Suggestions to improve the TRON blockchain and its ecosystem
  • Sustained history of consistent development efforts
  • Genuine support for TRON DAO and its community objectives
  • Solid understanding of the TRON ecosystem

To apply, please click here.

In addition to the Developer Grant Program, TRON has a Bug Bounty Program that will incentivize developers to search for system vulnerabilities. The program will help make our ecosystem safer, more robust, and more functional. Grants will be awarded depending on the bug’s complexity, level of vulnerability, and the replicability of the problem found.

Last but not least, in an effort to support public good and the dissemination of valuable information about the TRON Ecosystem, the Influencer Grant Program will provide strategic support for TRON eco-educators. Influencers working on TRON DAO-related projects and outreach are eligible to apply for these funds. With a quarterly grant allocation of $45,000, the program will work with different channels of social media influencers to amplify their messages and create an authentic stream of highly informative content throughout the entire TRON ecosystem.

The Influencer Grant criteria include:

  • Established Social Media Channels with crypto-relevant content
  • Sustained history of consistent quality content creation
  • Genuine support for TRON DAO and its community objectives
  • Solid understanding of the TRON ecosystem

To apply, please click here.

Once you apply and fill out the form, our Ecosystem Development Team will reach out to follow up and connect with you. Thank you for your interest in building on TRON and joining the mission to decentralize the web.

About TRON DAO

TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2022, it has over 103 million total user accounts on the blockchain, more than 3.5 billion total transactions, and over $11 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Media Contact
Feroz Lakhani
[email protected]

Nomiswap.io DEX launches $50,000 giveaway for a video review of the platform 2145

The Nomiswap.io decentralized exchange (DEX) has announced a contest of video reviews with a prize fund of almost $50,000 and 30 total prizes.

Participants can make a video for their YouTube channel and tell their audience about Nomiswap DEX in as much detail as possible. The better and more logical the video, the more chances to win.

There is no need for prior experience in video creation to participate in the contest; last time, the winners of the contest were ordinary users — not top bloggers.

Prize structure

Total prize pool: 50,000 Nominex Token (NMX) (about $40,000)

Number of prizes: 30

  • First place: 10,000 NMX
  • Second place: 7,000 NMX
  • Third place: 5,000 NMX
  • Fourth place: 3,000 NMX
  • Fifth place: 2,000 NMX
  • Sixth through 10th place: 1,000 NMX
  • 11th through 20th place: 800 NMX
  • 21st through 30th place: 500 NMX

An application for participation in the contest can be made until 11:59 pm, UTC, on Aug. 10, 2022.

About company

Nomiswap.io is

  • A top-four BNB Smart Chain exchange by total value locked 
  • A top-40 DEX in all blockchains by daily trading volume.

Nomiswap is the first DEX that not only gives the opportunity to farm more profits than on other popular DEXs but also to enjoy its team-farming option through a binary referral system, as well as the platform with the lowest transaction fees that can reach zero percent. Operating since January 2022, Nomiswap is backed by the widely recognized Nominex centralized exchange. Both of these platforms are deeply integrated with each other.

Key features:

  • Utilitarian farming and staking
  • Zero-percent trading fees
  • An unlimited referral program
  • Holder bonuses
  • The highest APR on the market for common pools.

TRON DAO Reserve Addresses Questions Regarding USDD Stablecoin 2884

1 2022 07 22 в 12 17 35

Geneva, Switzerland / July 21 / – The TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON.

The USDD stablecoin is currently the most over-collateralized stablecoin across the entire cryptocurrency market. The core mission of USDD is to provide the blockchain world with a decentralized cryptocurrency of stable value. USDD represents true decentralization across the stablecoin market. Other stablecoins such as USDC or USDT are pegged to a central platform’s U.S. dollar (USD) reserves. By nature, the fundamentals of USDC and USDT are considered centralized stablecoins with strict supervision by regulators worldwide.

Current market conditions have brought fears of assets being subject to liquidation and freezings without the consent of the holders. USDD overcomes these fears from multiple different angles. Whitelisted institutions of the TRON DAO Reserve (TDR) are authorized to mint USDD. The value of USDD is supported by the over-collateralization of highly liquid crypto assets consisting of, but not limited to, BTC, USDT, USDC, and TRX. This allows USDD to be free from centralized intermediaries so users do not have to worry about their assets being frozen with or without notice. This enables holders of USDD to truly have full ownership of their stablecoin.

Stability is an important aspect of a successful stablecoin. Centralized stablecoins such as USDC and USDT are bound by regulators to maintain a 1:1 reserve ratio to the USD. If the centralized authorities of these stablecoins are unable to meet their reserve requirements, this can cause the centralized stablecoins to lose its 1:1 USD peg. USDD is immune to such issues due to its decentralized nature. USDD is not designed to strictly peg to the USD; instead, it floats up and down around it. The price stability of USDD is maintained through monetary policies adopted by the TDR based on market conditions.

Under volatile market conditions, USDD is not considered depegged when it is within 3% up or down from the USD peg. This allows for further flexibility for the TDR to make the necessary monetary policy adjustments if needed. With recent volatility in the markets, USDD has adjusted properly through TDR’s monetary policy tools which have strongly held up against recent concerns. This methodology is known as a Linked Exchange Rate System and has successfully allowed USDD to properly scale.

The recent controversy surrounding stablecoins arose due to the LUNA and UST crash. USDD fluctuated below its USD peg partly due to market misconceptions tied to the LUNA/UST fiasco. LUNA and UST do not follow the TDR policies that USDD is subject to; instead, LUNA and UST function strictly off an algorithmic arbitrage system of burning and minting. This means that UST did not have to rely on any reserve system to support the 1:1 USD peg. This whole process relied heavily on LUNA’s liquidity, when market conditions worsened, causing UST to lose its peg, it resulted in a major shock driving prices down for LUNA and in turn UST because there was no reserve system backing it. This is what ultimately caused the collapse of the LUNA and UST prices. On the other hand, USDD is completely supported by a reserve system filled with liquid assets run by the TDR as mentioned earlier. The details of the TDR assets are published in real-time on tdr.org.

The TDR adopts four monetary policy instruments to ensure the stability of USDD, creating further growth in the TRON ecosystem. The four policy instruments are setting benchmark interest rates, open market operations (OMO), window guidance, and the minting-burning mechanism of TRX and USDD. The TDR will also explore more monetary policy tools to foster further stability and growth of the USDD ecosystem. The end goal of TDR’s monetary policy adjustments is to maintain a stable price of USDD while further empowering it to be the most reliable and decentralized stablecoin on the market.

For more information about USDD, check out our recent blog post, which goes into details on various community questions and concerns.

About USDD

USDD is a decentralized over-collateralized stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNB Chain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar through TRX and maintains its price stability under the guidance of the TRON DAO Reserve. It enables access to a stable and decentralized digital dollar system that in turn assures financial liberty for everyone.

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Media Contact
Sam Elfarra
[email protected]