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Opinions and information expressed through The Distributed is not investment advice. Any action a reader may take upon the information on our website is at their own risk. The Distributed does not recommend any buying, selling, or holding of cryptocurrencies and digital assets. <\/p>\n","post_title":"Porsche Dealership To Accept $DOGE And $SHIB Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"porsche-dealership-to-accept-doge-and-shib-payments","to_ping":"","pinged":"","post_modified":"2023-04-11 00:19:57","post_modified_gmt":"2023-04-10 14:19:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4499","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4363,"post_author":"2","post_date":"2022-04-15 18:00:54","post_date_gmt":"2022-04-15 08:00:54","post_content":"\n
New York, NY, 15th April, 2022, Chainwire<\/strong><\/span><\/p> Swappi<\/a>, a new AMM-based decentralized exchange (DEX), today launched on Conflux, the only regulatory compliant public blockchain network in China. With the launch of Swappi, Conflux users have a new DEX to swap, stake, and earn yields on their crypto assets. Swappi has already reached $25 million in Total Value Locked (TVL) at the time of launch.\u00a0<\/p>\n Swappi is the very first DEX to launch on eSpace, an EVM-compatible smart contract execution environment that allows developers to deploy and execute Ethereum-native dApps and smart contracts within the Conflux ecosystem. As an AMM-based DEX, Swappi lets users trade in a fully decentralized environment without registering or creating an account, enabling anyone to start trading within seconds.\u00a0<\/p>\n By deploying on a permissionless layer 1 blockchain with significantly lower transaction costs compared to other chains like Ethereum, Swappi is able to provide users with the lowest fees of any top DEX at 0.25%. At launch, supported assets include Conflux\u2019s native token CFX, ETH, USDT, WBTC, and PPI.<\/p>\n Swappi aims to build the most robust DeFi ecosystem on Conflux, with plans to expand its offerings to give users more opportunities to earn.\u00a0<\/p>\n Swappi V1, the current iteration of the DEX, enables the following features:<\/p>\n Further, on the roadmap, Swappi plans to enable IFOs. DAO voting, dual mining staking pools, stablecoin LP swaps, NFT trading, and much more.\u00a0<\/p>\n Earning PPI Tokens<\/b><\/p>\n Swappi\u2019s exchange token PPI can be earned through yield farms with extremely competitive interest rates unlocked by staking PPI and LP (liquidity pool) tokens.<\/p>\n PPI can also be won by playing games and participating in trading events, lotteries, and other community activities.<\/p>\n About Swappi<\/b><\/p>\n Swappi is a non-custodial platform that lets users trade directly from their wallet of choice and retain 100% ownership of their crypto. Built on open-sourced software, Swappi\u2019s dApps and smart contracts are also publicly visible for maximum transparency.\u00a0<\/p>\n Swappi smart contracts have been audited by CertiK, the leading security-focused ranking platform to analyze and monitor blockchain protocols and DeFi projects.<\/p>\n To stay up to date on the latest, follow Swappi on Twitter<\/a>, Telegram<\/a>, or visit https:\/\/swappi.io<\/a> \/.\u00a0<\/p> Singapore, Singapore, 14th April, 2022, Chainwire<\/strong><\/span><\/p> Meta Cricket League is a new NFT driven Play-To-Earn game that allows players to earn cash prizes and other crypto rewards by challenging other players.<\/i><\/p>\n Jump.trade<\/u><\/a>, the international gaming NFT marketplace (introduced by GuardianLink<\/u><\/a>) has announced its exclusive cricket game NFTs and digital cricket collectibles which will be featured as a part of its NFT cricket game \u2018Meta Cricket League (MCL)\u2019.<\/p>\n Super Loot Cricket NFT Drop<\/b><\/p>\n The NFT drop<\/u><\/a> will go live on 22nd April 2022, offering an initial purchase in the form of a Super Loot NFTs. The NFTs could either be a set of metaverse cricket players or a combination of metaverse players and authenticated digital Cricket NFTs signed by some of the biggest legends of the game.<\/p>\n By introducing MCL, Jump.trade becomes the first international gaming marketplace to launch a cricket NFT game, bringing with it new and exciting P2E opportunities. This will mean that players can monetize their time and effort spent on this game. By playing MCL, players can earn cash prizes and other crypto rewards by challenging other players.<\/p>\n Mr. Kameshwaran Elangovan, Co-Founder and COO of GuardianLink stated that:<\/p>\n \u201cWith this NFT drop and the game, we expect, a major turning point not only for P2E NFT games but also for the perception of cricket\u201c<\/i><\/p>\n The NFT Treasure Box<\/b><\/p>\n Priced at $25.00 (USD), The Super Loot gives Participants the assurance of owning NFTs belonging to any one of the following 2 categories:\u00a0<\/p>\n To enhance the magnitude of participation and as a token of encouragement for the participants, Jump.trade<\/u><\/a> has also introduced the Treasure Box for collectors who own five or more Super Loot NFTs. Participants can open one Treasure Box for every five NFTs they hold. The total value of the Treasure Box rewards is stated to be worth roughly USD 52,000 in total value.\u00a0<\/p>\n Utility and Tradeability\u00a0<\/b><\/p>\n Jump.trade<\/u><\/a> states that their NFTs are a combination of utility and tradeability. The players can monetize their gameplay and unlock incentives as they progress through the ranks and climb up the leaderboard. They can also get real-world utility for their digital assets.\u00a0<\/p>\n Jump.trade is expecting the authentic, signed digital Cricket NFTs\u00a0 to achieve a high value in the open marketplace. Regardless of value, the NFTs themselves gain experience, which is designed to make them more valuable with every game the players participate in. The MCL ecosystem is designed to be community-centric, and it will eventually come to the hands of the users when it comes to deciding the future of the game.<\/p>\n How to Join the Drop<\/b><\/p>\n Participants will be able to access the Jump.trade<\/u><\/a> Super Loot Cricket NFT drop on 22 April at 5 PM IST. The GuardianLink wallet is now open for users to load them with funds, so they can access the NFT drops without any hassle on the drop day.<\/p>\n About Jump.trade\u00a0<\/b><\/p>\n Jump.trade is a new NFT marketplace announced by GuardianLink that focuses on NFTs of gaming and international brands. This D2C platform is powered by GuardianLink, a pioneer and innovator of NFT Technologies with its roots embedded in the Blockchain world since 2016.\u00a0<\/p>\n About Guardianlink.io<\/b><\/p>\n GuardianLink is the face behind many successful NFT collections like Amitabh Bachchan (which sold out in 54 minutes) and Stan Lee\u2019s Chakra (which sold out in under 1 minute) for millions of dollars. Jump.trade recently announced its first game called Meta Cricket League which is bringing the excitement of real-world cricket to the Web3 playground.<\/p>\n Jump.trade Socials<\/p>\n Twitter<\/u><\/a> | Discord<\/u><\/a> | Instagram<\/u><\/a><\/p>\n Guardian Link Socials\u00a0<\/p>\n Twitter<\/u><\/a> | Discord<\/u><\/a> | Telegram<\/u><\/a><\/p>\n Guardianlink is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.\u00a0<\/i><\/p>
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What is TiTi Protocol?<\/h2>\nTiTi Protocol is a fully decentralized, multi-asset reserve-backed<\/i>, use-to-earn <\/i>algorithmic stablecoin<\/a> that aims to provide diversified and decentralized financial services based on the crypto-native stablecoin system and autonomous monetary policy. Its unique design brings a new paradigm of algorithmic stablecoin solution to the decentralized finance (DeFi) and Web3 that combines the Multi-Assets-Reserve mechanism and the peg mechanism of the Reorders algorithm. By doing so, it aims to take over the torch of algorithmic stablecoins and bring a brand new solution to DeFi and Web3 ecology.\n\nTiTi Protocol's new use-to-earn token economic design will greatly boost algorithm stablecoin adoption and maximize the benefits for DeFi users, thus enabling the interoperability of algorithmic stablecoins with other DeFi projects. All this is only possible due to the research and experimentation of the TiTi Protocol team in DeFi, especially the algorithm stablecoin track that the team has been testing for several years. In no time, TiTi will be able to write a glorious chapter in the Algorithmic Stablecoin track and the whole DeFi world.\n\nFurthermore, the TiTi protocol is more than a stablecoin protocol; the stablecoin protocol is just the beginning. Its ultimate goal is to provide global users with diversified DeFi services based on the crypto-native stablecoin system and autonomous monetary policy.\n
How is TiTi different compared with other algo stablecoins?<\/h2>\nThe very nature of algorithmic stablecoins is to maintain a stable price by automatically adapting the stablecoin supply to meet demand. TiTi\u2019s most unique feature is that it can improve algorithmic stablecoins\u2019 liquidity and user adoption on the premise of ensuring stability. All of this can be achieved through several core innovation modules of TiTi:\n\n1. New stablecoin issuance paradigm, TiTi-AMMs, greatly boosts stablecoin on-chain liquidity, increases capital efficiency, and is free from impermanent loss.<\/b> It is the module where TiUSD is issued and burned, controlling TiUSD inflation and deflation. It is impermanence loss-free and has triple mining rewards, due to the unique liquidity rebalance algorithm. Stablecoin users need not to worry about their assets being liquidated. All they need to do is swap back and forth. Liquidity Providers don\u2019t need to open a position for TiUSD when they would like to participate in liquidity mining. Instread, they need to provide single sided liquidity to TiTi-AMMs, because the protocol will do the math and mint equal value of TiUSD for them, which will be stored in the trading pairs enhancing the liquidity. Due to the improved TiUSD liquidity features of the TiTi-AMM users can enjoy a wider array of liquidity options.\n\nTiTi can effectively mitigate single-point risks, because the stablecoin issued by the Protocol is always backed by corresponding crypto assets with more than $1, and this data is completely on-chain, transparent and easy to gain users\u2019 confidence.\n\nHowever, unlike the designs of Maker and Fei, it does so to allow all risk in the reserves to be dispersed. The Stablecoin is not relying entirely on custodial stablecoins, and maintaining some resilience even as the value of the reserves fluctuates and flexibility to survive. The cherry on top is that it can break the upper limit of the issuance of native cryptocurrencies.\n\n2. Multi-asset Reserve ensures stability and raises the upper limit for the issuance size. <\/b>To begin with, it needs to be clear that TiTi Protocol is not a pure algorithmic stablecoin. It is more like a decentralized, multiple crypto assets backed, not collateralized, stablecoin whose supply and demand is adjusted by an algorithm. Unlike Ampleforth and YAM, who are purely controlled by algorithms and rely entirely on the stability mechanism of the Game Theory, which cannot be durable and bears great potential risks. Instead of just using algorithm, each and every TiUSD, the stablecoin issued by TiTi Protocol, is supported by sufficient crypto Assets in the reserve, such as WBTC, ETH, USDC etc. and supported by the continuous yields from Rainy Day Fund. the robustness of the protocol in dealing with the risks of market fluctuations in Reserve Assets has been improved, allowing the protocol to introduce Multi Crypto Assets as Reserves, so this addresses two of the most important issues in the algo stablecoins race: stability and liquidity.\n\n
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\n\n3. The Reorders can cohesively make TiUSD pegging to $1 via reshape liquidity pairs value.<\/b> <\/b>TiTi maintains price anchoring dynamically and effectively adjusts the supply and demand of the primary and secondary markets of stablecoins through a new supply and demand algorithm, the Reorders. TiTi induces a peg coordination mechanism, which fosters high liquidity around the peg, while curtailing speculative attacks and bank run effects with Reorders and Rain Day Fund in case coordination breaks. Another unique function is that the Reorders can curtail speculative and arbitrage from taking transaction slippage. Instead, the Reorder will proactively collect the slippage and distribute to Rain Day Fund and Protocol fee, thus benefit protocol users rather than speculators.\n\nCompared with the current stablecoin pegging mechanism, e.g. the Rebase, Reweight, the Reorders\u2019 triggering conditions are more easily predictable and more precise. It can be triggered when TiUSD is 5% away from peg, or every 30 mins instead of 8hs, or 12hs, which are far too late to restore pegging and gain user confidence. TiTi\u2019s Multi-asset Reserve can be recapitalized or restored through Reorders. Because for each reorder, the slippage will be allocated to the Rain Day Fund, and will be distributed to Multi-asset Reserve subsequently.\n