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Introducing ShipFinex: The New Decentralized Finance Platform for the Shipping Industry (Noida, India) - Today, ShipFinex is excited to announce the launch of its decentralized finance (DeFi) platform for the shipping industry. The platform utilizes blockchain technology to provide a secure and transparent way for parties to conduct transactions, and also includes features such as smart contracts and digital bills of lading. Decentralized finance, or DeFi, is a financial system built on top of blockchain technology that enables the creation of decentralized, open-source financial applications. Unlike traditional finance, which relies on centralized institutions like banks and governments, DeFi uses blockchain technology to create a trustless, transparent, and decentralized ecosystem for financial transactions. The shipping industry is facing many challenges such as high finance costs, lack of transparency and inefficiency. ShipFinex aims to solve these problems by providing a decentralized platform for the shipping industry where companies can access financing, manage their risks and automate their processes in a secure and transparent way. The platform allows for investors to access investment opportunities in the shipping industry, such as purchasing vessels or chartering them to shipping companies. ShipFinex presents a new way for investors to diversify their portfolio and gain exposure to the shipping industry. "We are excited to launch ShipFinex, the first decentralized finance platform for the shipping industry," said (Your Name), CEO of ShipFinex. "Our platform will revolutionize the shipping industry by providing a secure and transparent way for parties to conduct transactions. We believe that ShipFinex will greatly benefit the shipping industry and its players." The platform is now live and available for use. For more information, visit the ShipFinex website at (https://www.shipfinex.com/) or contact (firstname.lastname@example.org) About ShipFinex ShipFinex is a digital platform that allows shipping companies and freight forwarders to access financing, manage their risks and automate their processes. The platform utilizes blockchain technology to provide a secure and transparent way for parties to conduct transactions, and also includes features such as smart contracts and digital bills of lading. The goal of ShipFinex is to increase efficiency and reduce costs for the global shipping industry.
Airdrop of MUFC tokens from Manchester United fans + IDO
Alexandrd7 posted a topic in AnnouncementsThe Manchester United Fan Community hosts an airdrop campaign for MUFC tokens. For participation in the distribution, you can earn : 10000 MUFC, and for 1 referral : 5000 MUFC. Passing the airdrop through the Telegram bot - http://t.me/MUFC_airdrop_bot?start=0x06DA2BfEeDa768EA37152307Cf04A6814060D027 Airdrop budget : 10.000.000.000 MUFC The distribution must be received by all participants in the airdrop. The distribution of MUFC tokens is planned from February 4, 2022. Social tasks for performing in the Telegram bot are easy: - Subscribe to the Telegram channel and join the Telegram group of the community, you must leave a comment in the Telegram group. - Follow Twitter account and retweet pinned MUFC tweet. - Subscribe to the company's YouTube channel. ! And most importantly, you need to send the bot a BSC-compatible wallet (BEP20) with at least 0.001 BNB on its balance. After qualified passage of all social services. tasks in the Telegram bot, after a while, an airdrop of 10000 MUFC will be sent to your wallet. The address of the MUFC contract on the BSC network is - 0xE44946b6A075b2C99fDe1dD0c4dA4a3436211f8C. You can also participate in the IDO of MUFC tokens. Link to participate in IDO - https://mufctoken.io/tokensale?ref=0x06DA2BfEeDa768EA37152307Cf04A6814060D027 For the purchase of MUFC tokens by your referrals, you will receive 10% of the amount of their purchase. Maximum issued tokens: 1.000.000.000.000 MUFC There are 3 IDO presale rounds planned: 1. Presale: 33.000.000.000 MUFC at 0.00001$ (From November 3, 2021 to December 2, 2021) 2. IDO Round 1: 33.000.000.000 MUFC at 0.00002$ (From 3rd developer 2021 to 2 January 2022) 3. IDO Round 2: 33.000.000.000 MUFC at 0.00004$ (From January 3, 2022 to February 2, 2022) MUFC tokens will be issued on February 4, 2022.
UniSwap DeFi is one of the promising business DeFi platforms for earning huge revenue in modern times. Decentralized finance (DeFi) startup provides an instant solution for newbies who wish to start their business in the DeFi space. Uniswap is an exchange system for cryptocurrency that operates on the Ethereum blockchain. Uniswap is an open-source protocol, meaning anyone can interact with it. As more users joins in Uniswap for making trade the net profit for owners increases massively. Such a potential Uniswap like DeFi platform can be launched by anyone with the support of DeFi development company. A readymade code is provided to you, "Uniswap clone script", for launching your own Uniswap like DeFi DEX platform. Consult with DeFi developers! Call/Whatsapp (+91 8015204845)
Please take this with a small pinch of salt. It's work in progress so I haven't thought it all the way through 100%. I'd like to call upon some old pals who are smarter than me: @KarmaCoverage @tulo @kanaas @protechtor @cmbartley @baggy23 @yxxyun @Mercury @mars75 @Graine @Global @jn_r @brianwalden @Parabellum etc, to help me thrash this out and debunk/critique as necessary. –––––––––––––––––––––––––––– x-Assets Synthetic, XRP-collateralized, price-pegged digital assets. Collateral could be 1.5:1, 2:1, 3:1 as necessary. Based on the XRP Ledger Stablecoin Proposal by David Schwartz: xUSD xEUR xXAU xXAG xBTC xLTC xMXN xQQQ xAPPL xTSLA xWTI (etc) Assets inside exchange orderbooks are always "synthetic" or IOUs of some sort because on-ledger exchanges (even XRPL's DEX) cannot handle such immense trading volumes. The exchanges hold "real" assets in the back end (either bought "on demand" or most likely in advance bought at bulk or at their own risk), so when you want to cash out you convert the (for example) BTC "IOU" to BTC. Instead of exchanges holding multiple real assets, what if some exchanges only held a quantity of XRP (over-collateralized, say 200%) that's required to buy back those assets upon cashing out? -- @KarmaCoverage rightly mentioned (below) that ILP ledgers can do this; @tulo made a great thread back in 2017 re: ILP & multihop -- The problem is that there are any given number of assets with particular quirks e.g. bitcoin and its slow transaction time. Or some niche digital gold ledger somewhere. So exchanges still have to buy/hold the actual asset "somewhere" to make the withdrawal. But stablecoins prove that synthetics can work. Just look at USDT (aka Tether). What it allows is for better rebalancing and liquidity between exchanges. Users can port USDT to any supporting exchange and hold. Tether acts as a treasury or rebalancing mechanism. But it's still slow and requires trusting the Tether treasurers! Let's assume exchanges support an x-Asset standard instead: xUSD, xMXN to start. Instead of e.g. using ODL for remittance (where we know Ripple have had rebalancing issues) the usual way – deposit to USD exchange (slow), swap to XRP (fee), withdrawal of XRP to MXN exchange (slow, possible fee) and another conversion from XRP to MXN (fee) then withdraw to MXN bank (slow, fee?) – this time a market maker (and/or collateral provider/issuer of some sort) holds only XRP and uses the XRPL's pegged stablecoin feature to create a synthetic 200% backed xUSD / xMXN on the XRP ledger. These synthetics move in 3 sec just like XRP, because they are XRP! But remember, these also behave like "real" USD or MXN for holders thanks to price oracles (perhaps supplied by Flare, Tezos, Chainlink?) so that they always guarantee the same market value upon redemption. That price volatility risk is managed profitably by the issuers (and market makers?). Since the exchanges support x-Assets directly, the market makers (MMs) can quote for a remittance flow from e.g. USD->MXN and since we know the XRP value of both USD and MXN, we can also calculate this in XRP. So all the MM is doing is moving XRP from the xUSD to the xMXN (or vice versa). Or, XRP is just rebalancing instantly from one "pot" to another, so to speak. Going from xUSD to xMXN is really just an XRP tradeoff in a collateral pool. Side note: this might be what parts of Bob Way's patents were alluding to (or not). I believe (but I'm not 100% sure) this gets rid of at least one of the two fees that's been a problem for ODL on traditional exchanges where you have to go e.g. from Kraken (USA, fees) to Bitso (MXN, fees) and cannot also guarantee their withdrawals will be timely. So instead, we're just moving XRP direct and only incurr the XRPL fee plus whatever the MM quotes. Now notice in the bottom graphics that I've put examples of various synthetics trading with one another without XRP, which is a weird notion. E.g. xXAG (silver) & xQQQ (NASDAQ). But remember, these are all just XRP anyway. But I think it's possible. They are really just "pots" being refilled like water flowing from one to another on-demand. The water is XRP. Just for fun really. Also notice one can get a total calculation of volume (in XRP, of course) for the entire orderbook slot. So rebalancing is in theory very easy to calculate here to top-up one-way flows. Remittance/ODL? The main point though, is how a remittance flow would work through this system vs ODL. How the rebalancing gets done. Because now it's just a matter of moving XRP from pot to pot. However, at some point the x-Asset has to hit a real bank account. Unless of course... banks are part of the "pool" in some way. But my brain can't play out all the pieces and I start getting a headache and thinking... maybe this is all total crap?! We know under David's proposal that x-Asset issuers will get rewarded for taking over other positions and providing excess collateral to guarantee redemptions and so on. So the game theory works for this part and provides a sort of long-fabled liquidity incentive (Miguel?!) in the meantime (possibly related to Bob Way's automated, scalable and non-partisan mechanism for allocating XRP on the DEX). Questions/problems Anyway my questions to you guys, are: 1/ How and by whom does this rebalancing take place when new money comes into exchanges e.g. speculators/traders/retail? Who accounts for the extra flows? 2/ What happens at the point of withdrawal to a real bank account? Is that actually faster than just having regular exchanges, or the same? 3/ What if the Banks themselves simply hold and rebalance x-Assets (xPool?) until they need to withdraw in bulk? 4/ What if consumer-end apps and pseudo-banks e.g. Uphold, Gatehub, Coinbase, even Paypal/Revolut, started accepting an x-Asset type standard? 5/ Could x-Asset rebalancing between exchanges/pools be achieved in an automated fashion by an XRPL native AI/monitoring system? 6/ Is this a useful implementation for Offer Auto-Bridging? @nikb 7/ Is this really a legit thought experiment?! Am I wrong or completely bonkers?! PLEASE DON'T ROAST ME ALIVE!!! . . –––––––––––––––––––––––––––––––––––––––––––––––– . . REFERENCE MATERIAL (reading to do if this is all new):
Best DEFI project to invest crypto in?
Alan_Green posted a topic in Alt-Coins and General FintechHello everyone! What's in your opinion are the best DEFI projects to invest crypto in and get the hight returns?
Source: https://www.coindesk.com/ripples-xpring-looks-to-build-xrp-defi-products-with-new-acquisition "Ripple has made its first move towards building decentralized finance (DeFi) products based on XRP. With its acquisition of decentralized payments platform Logos Network, Ripple’s investment arm, Xpring, will add nine New York-based engineers. Logos founder and CEO Michael Zochowski will become Xpring’s “Head of DeFi Products.” Xpring did not disclose the price of the deal." Joining Ripple’s Xpring: by Michael Zochowski, Head of DeFi Products, Ripple Xpring. Welcoming Logos: by Ethan Beard
XRP News Update: July 6th, 2019
Hodor posted a topic in General DiscussionBlog URL: https://coil.com/p/Hodor/XRP-News-Update-July-6th-2019/uqJp41yA7 There's a hidden gem in Ethan Beard's Xpring status report! Discover it & review the latest stories affecting XRP: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐍𝐞𝐰𝐬: BIS publishes a paper analyzing BigTech's move into banking services; and Binance.US appoints a familiar face as its CEO. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ethan Beard publishes the first status report for Xpring; and Ripple deploys a new XRP Ledger explorer. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Wietse Wind publishes the steps for those wishing to generate their own ILP Payment Pointer. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: XRPL Labs reveals initial UI screenshots for Xumm; and Nixer publishes fresh XRP Tip Bot statistics. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Reddit r/CoilCommunity Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread