Tempus Finance: Decentralized Fixed Income

Today, more and more investors want to explore blockchain as its potential to the finance industry, Tempus Finance is here to meet the demands and give a new way to approach blockchain investments.

Blockchain technology has become one of the leading innovations and has received a lot of attention over the past decade, especially in the finance industry.

Holding promises such as reducing fraud, ensuring quick, and secure transactions and trades, blockchain technology is transforming everything from payments transactions to how money is raised in the market.

As such, we have seen a boom of blockchain-based finance platforms which are expected to replace the traditional banking industry.

What Is Tempus Finance?

There are many financial uses provided by a blockchain. Here, Tempus is a future yield tokenization and fixed-rate protocol that is built on the Ethereum network.

In addition, Tempus also works as a yield aggregation tool aiming to deliver additional returns on yield-bearing tokens.

In other words, it will charge fees to Tempus that will be redistributed to its token holders.

Launched in March 2021 by the pair founders David Garai and Djordje Mijovic, Tempus is a result of the understanding a need for interest rate swap products or fixed income in DeFi which are come from David’s experience when the founder worked in the interest rate derivatives space in TradFi.

To date, the protocol has successfully raised over $30 million through funding rounds with the participation of some of the leading investors in the crypto space such as Lemniscap, Jump Capital, Distributed Global, GSR, Wintermute, or Tomahawk.

Currently, the platform can be found on Twitter, Discord, Telegram, and Medium.

How Does Tempus Work?

Most forms of yield farming return a variable rate of yield so that users can be subject to unpredictable fluctuations in their returns when depositing their assets.

At the present, there is no easy capital-efficient way to obtain a fixed yield or otherwise speculate on the receivable rewards. This is where Tempus steps in.

The protocol offers three different use cases and each of which has a unique value proposition. Tempus fixes your future yield using any supported Yield Bearing Token such as stETH, and cDai.

It also can offer fixed income to risk-averse investors by speculating on the rate of future yield of any supported Yield Bearing Token.

Moreover, Tempus provides liquidity to earn additional swap fees in addition to yield earned through yield farming protocols by depositing any supported Yield Bearing Token.

The current pools on Tempus offer short-term maturity contracts.

However, offering longer-term contracts, quasi-perpetual pools, and leveraged fixed-term contracts on Tempus are features that will be available as the company grows.

Therefore, the platform users are provided higher interest rates for the same cryptocurrency as compared to the interest rate offered by the underlying yield aggregating platform.

Although Tempus currently only operates on Ethereum, it is being developed and expanded to become the market-leading fixed yield protocol across all major blockchains such as the integration with Yearn on Fantom.

While the high gas fees associated with transacting on L1 Ethereum are pricing out a significant portion of users, many of these users have migrated over to other chains as a result, one of which is Fantom.

Fantom has seen explosive growth in volume and total value locked (TVL), as well as the interest rates available on Fantom, are also significantly higher at present.

As a result, the appearance of Tempus on Fantom brings fixed yield to Fantom. Yearn is the first Fantom integration and the integration will allow Tempus to bring fixed yields of over 20% APR to users.

The launch will be along with pools available for MIM, DAI, USDC, WBTC, and WFTM, with varying maturity dates.

The following pools are available:

  • Lido stETH with the 3-month term and maturity Date is 31 March 2022
  • Lido stETH with the 9-month term and maturity Date is 30 August 2022

Why Tempus Works

The DeFi lending and borrowing market have only been able to offer variable rates based on the market conditions and many other factors and offering a fixed rate on DeFi has been a challenge.

The existing protocols that have tried to do this are either offering very low to negligible rates or through Liquidity Mining rewards.

Taking inspiration from the bond markets in traditional financial markets, Tempus has designed and built a protocol that allows users to fix their yields or leverage them when they expect the interest rates to fall or rise.

This is also one of the major differences from other competitors in the market.

While other competitors such as Element and Pendle have different AMMs including liquidity pools for Principal, Yield tokens, and stablecoins, Tempus has a single simple and capital-efficient custom AMM for Principals and Yields.

This not only simplifies users’ experience and increases the yield on the platform, but also is the first protocol that has successfully done this in a capital-efficient way.

Tempus is focusing on retail users, institutional investors, staking businesses, DAOs holding significant treasury assets, TradFi businesses offering fixed income on crypto portfolios, and existing or new custodians for cryptocurrencies.

Its B2B offers fixed income for crypto holders, meanwhile, B2C offers fixed income to risk-averse investors, higher interest rates for the same cryptocurrency as compared to the interest rate offered by the underlying yield aggregating platform, and leveraged yields for degens with investment strategies.

Some of the things that may interest you in the protocol USP Tempus are simple user interface and experience as well as a mature crypto community on Discord and Twitter.

How to Get Started in Tempus?

The process to get started with Tempus Finance is quite simple:

Step 1: Go to Tempus.Finance and click on ‘Launch App’ that will take you to the dashboard where you will be able to manage your yield-bearing tokens and/or underlying assets. You can also change the language of the app by clicking on the ‘Settings’ button.

Step 2: Select the pool in which you would like to deposit your yield-bearing tokens or underlying assets from the pools available on the dashboard. The different pools available on the dashboard show various metrics, including protocol, maturity, fixed APR, LP APR, TVL, balance, and the available to deposit, which shows the total amount of the asset that can be deposited in the pool.

Step 3: Clicking on the ‘Manage’ button will take you to the deposit window for Basic users. This feature allows you to fix your future yield or provide liquidity to the pool to earn additional yield. Users will also get all the information relevant to the pool including the term of the pool, the TVL, the ratio in which the Principal to Yield tokens can be deposited in the liquidity pool, the 7-day volume of the pool, and more.

Step 4: Select whether you would like to deposit ETH, or stETH.

Step 5: By clicking on the ‘Fix Your Future Yield’ button, you can fix your future yield. This button allows you to deposit your yield-bearing tokens to mint an equal number of Principals and Yields.

Great Tools for Blockchain Finance from Tempus

With the boom of blockchain-based finance platforms recently, Tempus may be one of the significant platforms for those who want to explore this technological innovation in the finance industry in order to make an income.

While the market is volatile and fluctuates constantly, fixed rates are a safer bet in the dynamic crypto market.

Tempus offers DeFi-native interest rate swaps for the same cryptocurrency, fixed decentralized income offering to risk-averse investors along with leveraged yields for degens with investment strategies.

To learn more about Tempus Finance – just click right here!

Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.


Tagged : / /

Dexalot: Brings CEX Functionality to a Decentralized Trading Platform

Dexalot is a unique decentralized platform that has the goal to deliver the traditional centralized exchange platform experience through a decentralized application on-chain.

You only need your crypto wallet. There are no intermediaries, swift transactions, and no custodial ownership. Users can maximize their investment with low fees and with new features in the future and governance decided by the community.

Dexalot’s mission is to bring a Central Limit Order Book capability on a functional decentralized exchange to the cryptocurrency finance space. It provides a trading environment that can compete with centralized exchanges.

Dexalot and Avalanche Protocol

Dexalot runs off the Avalanche platform for its obvious advantages in speed, throughput and near-instantaneous transactions.

Previous attempts at Central Limit Order Book Functionality on blockchains were met with inferior protocols that typically led to limited adoption, high fees and large amounts of market risk.

Dexalot solves these problems by operating on the C-Chain and it will attempt to further improve user functionality and experience.

Unlike traditional AMMs (Automated market maker) on Avalanche, that focus on swapping, Dexalot allows users to enter orders at prices they want to execute at.

These orders eliminate worries for price slippage on executions and the unforeseen risk of being front-run during a crucial trade.

Making Liquidity Work

When liquidity is reached, market orders will allow users to receive the same price-time priority that they are accustomed to on centralized exchanges.

While Dexalot enhances the user experience for trading on Avalanche, through the functionality of a central limit order book, it also stands out with other features built directly into its foundation.

All transactions are irreversibly recorded on the chain.

By using the ID of a transaction, one can access the associated blockchain record, as approved by Avalanche validators. This feature allows users to view all pertinent transaction information for complete transparency.

Better Tools

The absolute independence of a decentralized exchange means there is no centralized control over the exchange or the user’s tokens.

Dexalot does not depend on any third-party services and the control of the wallet remains in the hands of user’s, staying true to it’s permissionless and non-custodial nature.

One of the biggest advantages that Dexalot has is the Intel SGX-supported Avalanche Digital Asset Bridge.

This bridge between the Avalanche blockchain and the Ethereum blockchain has allowed DeFi enthusiasts to bridge assets into Avalanche.

While the bridge is currently only supporting Ethereum and Avalanche, the technology allows for the bridging of other blockchains in the near future.

Emin Gun Sirer, Founder of Ava Labs and Director of Avalanche Foundation, commented,

“The last two months have shown incredible growth across Avalanche, with users, assets, and applications joining the community in record-highs. Blizzard will play a key role in further accelerating this growth, and solidifying Avalanche’s position as the premier home for projects and people pioneering the next era in our space.”

Attracting Investors

The team has capped investment at $7 Million USD, and investors such as, Avalanche Blizzard Fund, GSR, Woodstock Capital, Benqi, Avascan, Maven Capital, and Maximizer.

Some of the Key Investors include:

  • Avalanche
  • Republic Capital
  • Avalaunch
  • Muhabbit Capital Ventures
  • Colony Lab

Solving Exchange Issues

After seeing the issues with other exchanges, the founders started the development for Dexalot.

Some of the things that needed to be fixed included:

  • Shortcomings of central exchanges by hiding fees on their users, while claiming to have zero fees
  • A ridiculous concentrated amount of funds in custodial accounts, rendering the user without the ownership of their tokens
  • Too many exchanges are susceptible to rug pulls, frontrunning and hacks. Leaving users feeling cheated, tokenless, or robbed

Many exchanges have engaged in improper use of customer funds: staking, trading, leverage. Promising the customer high returns, when in actuality they only trickle profits to the user.

Some exchanges have had unexplained system outages, usually when prices skyrocket and become more volatile. Resulting in investors losing out on crucial moments in the price to sell.

Dexalot’s Business Model

According to the company, it would be valuable to, or provide value to, 

  • Projects that have treasuries (MAXI etc.)
  • Providing low slippage, capital efficient execution partnership to other businesses:
  • Ability to leave orders to manage risk when sleeping (i.e. orders that would execute even if you aren’t online)
  • Projects that raise crypto currency capital
  • Hedge Funds
  • Investment Advisors and Asset Managers
  • Ability to “self-custody” where no crypto is given to a company that can get hacked, or steal assets

Customer Relations and Channels

The foundation to Dexalot’s business model is the customer. Which sticks to the core values of decentralized finance. Meaning the user has total control over their own financial future.

According to the company,

  • The initial customer segment is expected to be crypto currency traders focusing on Avalanche
  • The next target would be crypto currency traders focusing on other chains and the crypto traders using centralized exchanges
  • Finally there would be the general population who are interested in crypto but don’t know where to start

Market Interest is Growing

Dexalot will put into action a governance model in addition to creating bonuses for it’s loyal users in the very near future. A strong community ownership and participation in governance is a very important goal for the project.

Dexalot started the Avalanche testnet on Aug. 6, 2021. The community has been extremely enthusiastic about the project with close to 1,000 unique wallets trading on day one.

The first 24 hours were phenomenal, there were 44,000 transactions completed, reaching an amazing $1.17 million in volume in those transactions.

Continuing with this tremendous momentum, the Avalanche community were invited to participate in incentivized events, like bug hunts, to push the system to its limits and further.

Making Progress

Dexalot plans to launch on the mainnet in the near future, with hopes that the crypto community will come together and expand on this groundbreaking decentralized finance space.

Dexalot launched their testnet on Aug 6, 2021. Since then they have been working with only Crypto transactions and have been able to process over 255,000 transactions and during this time they’ve gathered approximately 12,000 unique wallets.

Anybody can use Dexalot simply by connecting a MetaMask wallet and adding the Avalanche mainnet. Seed phrase provided by Avalanche Foundation.

The Next Generation of Exchange Infrastructure

Dexalot’s core team has a long-term vision with a clear roadmap and innovative features for the future.

Dexalot has been committed to staying true to the core beliefs of decentralized exchanges, while keeping things simple and in the hands of investors and by holding the customers at the heart of their business model.

Complete privacy and control at all times, something central exchanges and most decentralized exchanges are apprehensive to implement.

Dexalot plans to crush all of those worries for the common user. By creating a user friendly platform while bringing an efficient Central Limit Order Book. It will be truly decentralized and offer the utmost security rivaling any centralized exchange.

If you don’t hold the keys, then the tokens aren’t really yours.

But, with Dexalot you hold the tokens in your wallet and you hold the keys. Dexalot brings a transparent decentralized trading environment, one that rivals centralized exchanges with its simplicity.

Security, speed, user friendly interface and low cost makes Dexalot stand out from the rest. To learn more – please click here!

Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.


Tagged : / /

What is a Decentralized Autonomous Organization (DAO)? Everything You Need to Know

Decentralized Autonomous Organizations (DAOs) are a form of governance systems powered by their community. They can be independent of third parties, and government corporations and they also differ a lot in their business and organizational model from traditional organizations.

Quick Navigation

What is a DAO?

In light of the above, we can pinpoint the following characteristics of a DAO:

  • Non-hierarchical system: As the name suggests, DAOs are decentralized systems owned and governed by token holders rather than presidents, managers, or executives like in hierarchical systems.

  • Self-sustained: DAO members inject liquidity into the system by staking their tokens in liquidity pools. They can also promote a crowdfunding campaign to attract investors and venture capitalist firms.

  • Wide range of use cases: DAOs can be anything — their systems allow the creation of NFTs (Non-Fungible Tokens), digital tokens (Dash is a popular example as it’s self-governed by its community), or decentralized applications (dApps).

  • On-chain governance: Members of the DAO need to stake a certain amount of tokens to submit proposals for protocol changes or other kinds, which are voted on by other DAO members.

  • Open source: A DAO’s rules are code written and stored in its smart contract, which is visible to everybody. Each member of the DAO can see the historic data, such as transactions and changes in the protocol.

The DAO Hack of 2016: The First DAO

The DAO was the first decentralized autonomous organization. It was a venture capital fund created in April 2016 by Christoph and Simon Jentzsch.

Unfortunately, it became defunct in 2016 after several members of the community found a security hole in the smart contract’s code and went on to drain one-third of the DAO’s funds (which had roughly $168 million raised from a crowdfunding campaign). This led to a hard fork of the Ethereum blockchain.

The DAO also fell short of regulatory laws by the SEC (Securities and Exchange Commission) when it considered its token as an “unregistered security” and therefore subject to regulatory laws.

How Do DAOs Work?

Smart contracts — digital contracts designed to run when certain conditions are met — are the backbone of a DAO.

Developers write the necessary code of the smart contract to make an autonomous system that executes operations automatically without the need for a third party. This code can then be altered following a proposal submitted by a qualifying member, and if it’s supported by a vote, the criteria of which can differ from one DAO to another.

Creating a DAO

Now, if you still find this difficult to digest, let’s try to break things down by going through a dumbed-down process of launching a DAO.

The Fundamental Roles

If you were going to create a DAO, you first need to establish a non-hierarchical structure where every member has a clear and defined role. These roles are usually, but not strictly limited to, developers, token holders, curators, community managers, and so forth.

DAOs can become large and complex organizations, and some roles might be added or deleted, depending on their needs.

  • Developers are typically in charge of writing the smart contract that will be deployed in the chosen blockchain on which the DAO will be based. They also maintain the code.

  • Token holders power the DAO by holding the native token and are rewarded with the same token for their level of commitment to the community. Token holders are also the one who vote (or delegate their voting rights) and submit proposals.

  • Curators: to prevent 51% attacks, the role of curators was created. While their usefulness has been widely discussed, the main role of the curator is to whitelist smart contract business proposal addresses.

  • Community managers: they are in charge of managing the DAO’s social media channels, answering community members’ questions, educating new members, and overall just managing the digital landscape of the DAO.

  • Financial managers: DAOs can manage a considerable amount of capital, and they usually need people with a strong financial background to manage funds distributions, financial reporting, diversification, etc.

Other roles can include a vault strategist. Every DAO has a vault — a tool that enables the generation of new tokens against locked-up collateral. As such, many roles can be created, going from the most technical level, like developers, facilitators, and financial managers, to more community-focused ones like content creators (writers, graphic designers) and community managers.

dao (1)

Writing the Smart Contract

Once the fundamental roles are set, and everyone has a clear vision of the DAO, it will come to life with the creation of the smart contract.

The developers are in charge of writing the smart contract that will be deployed in the chosen blockchain, which is usually Ethereum. However, Solana has been an attractive alternative to developers to build their DAOs, such as Honey DAO or Mango Markets.

The creation of the smart contract could take several hours, days, or even weeks as it needs to be fully tested against all possible scenarios.


Once the testing phase of the smart contract is completed, the DAO needs funding. While its members can inject liquidity, a token sale is a common strategy to raise capital and also garner members and participants.

Deploying The DAO on the Blockchain

The final step is to deploy the smart contract on the blockchain. Once this is done, the organization becomes a fully-functioning one where all the dynamics mentioned above start coming into play.

Now, there might be challenges as once the system is up and running, problems can arise – such as bugs, security flaws, and other issues that compromise the security of the DAO.

The only way to fix a security hole or a bug is by altering the original code of the smart contract, but this can only be done through a voting proposal. While the voting process takes place, malicious actors can take advantage of a framework gap and exploit the vulnerabilities, which is what happened with the DAO hack in 2016.

Regulatory Laws and Legal Structure of DAOs

The majority of DAOs are concentrated in Wyoming, which is one of the few crypto-friendly states in the United States.

In July 2021, Wyoming lawmakers created a law called DAO LLC (limited liability company). It allows individual developers and organizations to create fully legal DAOs in the state, as DAOs are viewed as member managed or algorithmically managed organizations that can receive all the benefits of LLC entities.

However, if it’s recognized as an LLC entity, it’s also subject to potential legal changes:

“Decentralized autonomous organizations are completely legal, however as with all new technologies, DAO’s are subject to significant changes in regulation. Current Wyoming legislation under Bill-SF0038 (effective 07/01/2021) dictates that the management of DAO LLC’s has many of the same requirements of traditional LLC’s, with some additional criteria for the more complex management structure and backend required for its operation.”

This is a law that has not been redacted anywhere in the world. CryptoFed, a US-based DAO, was the first DAO to be recognized as a legal entity in Wyoming. Yet, other similar approaches have been classified as “illegal offers of unregistered securities” by the SEC (Securities and Exchange Commission).

Uniswap (UNI)

Uniswap is one of the most popular decentralized exchanges with a self-sustained automated trading system. Its governance token, UNI, sits at the #1 spot on Coinmarketcap, with the largest market capitalization amongst DAOs at the time of writing this in February 2022.

Aave (AAVE)

Aave is a decentralized lending protocol where lenders earn interests by depositing funds into liquidity pools. This liquidity is then used by borrowers to create crypto collaterals to receive flash loans.


MakerDAO (MKR)

Maker is one of the first Ethereum-based DAOs launched in 2017. It allows the issuance and distribution of DAI, a community-managed stablecoin pegged to the US dollar.


BitDAO is one of the world’s largest DAOs, powered and driven by its community of BIT token holders. The project aims to create a powerful decentralized ecosystem by leveraging next-generation web3 organizations and autonomous entities in the DeFi space.

Benefits & Limitations of DAOs

DAOs have a wide range of use cases, including investment, fundraising campaigns, lending and borrowing, decentralized trading, and even NFTs. DAOs are highly attractive to the crypto community due to their potential applications not only in the DeFi space but outside of it too.

While there has been great progress, the current DAO model is limited when it comes to infrastructure and legal framework. Security flaws remain difficult to cover, as we have explained above, and breaches can be disastrous for shareholders. To name a few limitations:

  • Technical vulnerabilities as security holes in the smart contract’s code, voting procedure, manipulation, etc.
  • Majority voting could negatively impact the lowest common denominator level in the group.
  • If a DAO is designed as a for-profit organization, it runs into regulatory laws, limiting its ability to deploy capital efficiently and serve the ecosystem development.

The Future of DAOs

Many powerful projects came along with the emergence of the decentralized space, and The DAO had the potential to disrupt the traditional hierarchical system in traditional finance with a democratic, community-governed system. However, there’s still a lot of room to work to properly scale the potential of decentralized autonomous organizations.


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.


Tagged : / / / / / / / /

BlockWallet: A Private & Non-Custodial Cryptocurrency Wallet

BlockWallet is a private, non-custodial Ethereum browser extension wallet that allows you to hide the amounts and the origins of cryptocurrency held by easily interacting with privacy smart contracts on Ethereum which is a decentralized, non-custodial, and frictionless manner.

The platform is an innovative solution that has met the increasing demand for privacy and anonymity. Its one-of-a-kind solution will create a new wallet address for you with the amount of crypto that you requested when you make a withdrawal.

This is achieved by using cryptographic proofs to ensure that the user cannot be linked with the original depositing address.

What Is BlockWallet?

With the boom of blockchain technology in finance, assets are no longer the picture of physical assets such as gold, art, wills, bonds, stock certificates, or cash which are carefully stored in a bank to secure.

Although you can keep all those assets away from thieves, it takes a lot of time to approach the market such as for sale or trade.

On the other hand, digital assets have opened a new era for more quick trade and easy hold in global economics.

As a result, many blockchain-based banking platforms with digital banking bringing traditional and blockchain banking services are increasingly born to meet the demands.

These services are more efficient and can facilitate real-time settlement, bringing down transaction costs, counterparty risk, and capital efficiency.

However, it can be denied that hackers’ attacks have got sophisticated as well, making banking platforms unable to stop improving their technology. Projects like BlockWallet continue to push innovation for asset management.

BlockWallet is able to ensure total crypto security and anonymity for you as well as is the most private, non-custodial cryptocurrency wallet.

Launched in 2020 by a group of tech consultants, software engineers, and developers who want to disrupt the most modern technology – blockchain, BlockWallet is a vision of the team to create the future of DeFi.

In addition to the smart contract functionality, the platform also integrates with Tor for a higher level of privacy. Functionality is going to be launched including DeFi web3 integrations as well as support for Metamask Snaps Plugins to allow for seamless connectivity and usage.

What is the BlockWallet Solution?

The cryptocurrency industry has challenged users’ perceptions towards the way financial operations are done.

While the values and beliefs in the immutability of blockchain technology are highly appreciated which is still the leading benefit sought after by people when participating in any DeFi activities, transparency is on the contrary.

Today, protecting one’s assets gets more attention than before. If given the option, users may choose to remain anonymous over revealing themselves and their wealth.

Unfortunately, users often must experience friction or deal with centralized entities when they want to keep less transparent and anonymous when participating in DeFi ventures with existing solutions.

Understanding these demands, BlockWallet is designed to offer real privacy for your cryptocurrency. Also, this means it allows you to reclaim your financial privacy on the blockchain.

The biggest problem that the platform has recognized is how everything can be tracked.

Did you know?

Anyone can access your dApps when you’ve connected your wallet. As such, people not only can know all your history transfers but also know how much crypto you have in your wallet.

To keep you safe from exposing yourself in each crypto transaction, BlockWallet develops a system that adds the ultimate protective layer to your crypto transactions along with other functions that other wallets offer in the market.

It’s a non-custodial Ethereum browser extension wallet focusing on privacy. In other words, users hide amounts and origins of funds by interacting with privacy smart contracts.

Each transaction is made to a newly generated wallet address and uses cryptographic proofs to break links between the user and the original deposit address.

Therefore, it can be seen that this browser extension breaks links between users and funds, adding an extra and necessary privacy layer to all activities.

The more the adoption of blockchain users is common, the more the problem with privacy is increased. With BlockWallet, you have rights to your privacy which shouldn’t be “opt-in”, but something you could occasionally “opt-out”.

Why BlockWallet?

As mentioned before, BlockWallet’s built-in privacy is currently a one-of-a-kind solution that the market hasn’t seen in the past.

It is also an advantage over existing competitors in the cryptocurrency industry like Tornado.Cash which also uses smart contracts, or Metamask, is a private but not anonymous wallet.

The wallet focuses on anyone who wants to store their crypto non-custodial and in a private way. While the recent hacker attacks are showing the frightening trend as you don’t know who will attack, the non-custodial wallet brings value to you with the untouchable privacy benefit.

How to Use BlockWallet?

BlockWallet is designed with a simple user interface. You can easily download the wallet from the Google Chrome store and install the extension in their browser.

Then, they can interact with any DApp and store their crypto which is like with any non-custodial wallet.

BlockWallet’s privacy pools use smart contracts to group the userbase’s funds together. Funds are deposited into a smart contract which can be later withdrawn to a new address. Also, zkSnark technology proves that users deposit their funds into the contract.

Every time you withdraw your funds, BlockWallet creates a new wallet address for you that contains the amount of cryptocurrency you requested. Transfers are implemented within the pool to ensure that they always are anonymous and untraceable.

BlockWallet will charge a 0.25% withdrawal fee for all transactions taken through the BlockWallet privacy pool. Other features without requesting privacy are going to be free.

BlockWallet Token

The native token of BlockWallet is $BLANK. Not only providing liquidity for the development of the wallet but the token also powering in its marketing activities.

The $BLANK token is mainly used to obtain additional benefits in the wallet and to monetize its value.

In addition, there are various ways for BLANK token holders to get the benefit when using, including fee reduction, token burn, rewards, exclusive features, “Access-First” functionality, and many more.

To date, the total supply is 125,000,000 tokens.

How to Buy the BlockWallet Token?

Although BLANK has been listed on a number of crypto exchanges, BLANK is an altcoin that requires you to transfer your coins to an exchange where BLANK can be traded. It cannot be directly purchased with fiats like other major cryptocurrencies.

To buy BLANK, you must first buy Bitcoin, ETH, or USDT from any exchange then use it to buy BLANK.

When the KYC process is finished, you will be asked to add a payment method. Depending on the crypto exchanges, you can use a credit/debit card or a bank transfer to make payment and buy one of the major cryptocurrencies such as Bitcoin, ETH, or USDT.

Then, transfer your cryptos to an exchange that BLANK can be traded.

Once finished you will need to make a BTC/ETH/USDT deposit to the exchange to purchase BLANK from the exchange.

Buy $Blank from:

BlockWallet is Here to Help!

Cryptocurrency banking platforms or cryptocurrency vaults have become popular and make a new future for asset management. Not only is crypto held in a vault where it can be kept safe but it is also used to generate yield over time.

BlockWallet has opened better privacy in the wealth management space. As more and more people turn to managing their wealth via cryptocurrency, it can be seen that achieving privacy becomes all the more important.

To learn more about BlockWallet – please click here!

Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.


Tagged : / / /

Authtrail: Data Integrity Platform Powered by Blockchain

Authtrail is a cloud-based service (SaaS) platform that provides contract-based integrity to business data. The platform maintains the integrity of the data contained within to help call upon and verify critical information throughout different activities.

Data manipulation and mismanagement are being pain points for companies around the world. One of the important things that help make effective decisions in business is data that is accurate and consistent.

To make data provide the most value for a company, it should have integrity and be of high quality.

To do so, it is necessary for digitized companies, production lines, departments, and all stakeholders involved to establish and maintain the relevance and trustworthiness of their data.

What Is Authtrail?

Blockchain technology is a key for opening the potential of data. It can greatly benefit consumers from its application to decision-making.

Blockchain technology ensures that data appended to the blockchain is verified and cannot be changed in the future. In addition, providing a tamper-proof chain of unbreakable information can add more trust to the validity of the underlying data.

As a market-ready, fast, and simple data integrity platform powered by blockchain, Authrail allows businesses to ensure data integrity with less hassle for everyone involved.

To do this, the platform stores data and periodically anchors its fingerprints to the blockchain. This way is considered to ensure data integrity while increasing performance and decreasing transaction costs.

Authtrail’s digital product passport tracks the production lifecycle to support companies and consumers with an overview as well as more details about the end-to-end activities.

What Makes Authtrail Different?

Although blockchain technology has made a revolution by introducing an approach to data protection, sealing, and verification by combining cryptography and traceability of data transactions across a distributed network of ledgers, organizations still don’t know how to adapt it to their advantage.

Many companies and organizations have to face several issues to achieve enterprise-grade data integrity such as the lack of integrity, trust, and reliable means for verifying, and the lack of knowledge and resources for adopting blockchain technology.

In addition, blockchain transactions can be often costly and unscalable in terms of quality and speed.

Although Ethereum is the largest and leading network where most decentralized applications are built on the blockchain with smart contracts, its high gas prices are making it less appealing to projects that value cost-effectiveness and speed, as well as its scalability of transactions.

The original version of Authtrail was built on Ethereum, but later entered the Moonbeam network, making Authtrail now leverage Moonbeam’s higher efficiency and lower transaction costs.

Also with Moonbeam, Authtrail continuously takes advantage of on-chain governance, staking, and cross-chain integrations.

In addition, Moonbeam also benefits from serving as a parachain on Polkadot including shared security and interoperability. Therefore, the network-based Applications are not only fast, user-friendly, but also come with low transaction fees.

Instead of relying on the PoW (proof of work) mechanism, the PoS (proof of stake) together with the Substrate development framework helps to improve the scalability of the native Ethereum execution environment.

The Best Tools to Win

Authtrail is a tool that ensures and inspects data integrity in a user-friendly and intuitive way and at the best price-performance ratio possible.

The platform offers a faster, safer, and more reliable way to verify critical information and establish trust along with traceability of transactions that track every stage of operations.

It overcomes the limitations of transaction performance and costs by simplifying how a virtually unlimited amount of data is linked to the blockchain.

It can be seen that trusted data at a lower cost could help businesses to build a competitive edge and make new growth opportunities.

How Does Authtrail Work?

Authtrail works as a bridge that connects organizations’ or companies’ data to blockchain technology.

Once the data is completely gathered from databases and apps through the Authtrail API, it is going to be verified, hashed, and anchored on the Moonbeam blockchain.

As a result, the process creates a seamless link between business and the benefits of blockchain technology aiming to ensure data integrity.

The platform packs the complexity of the blockchain-based data management mechanisms in a robust data integrity service through an intuitive and clean user interface.

It integrates its functionalities into users’ legacy systems ranging from the source of data generation to the moment it’s being shared with customers, auditors, and partners.

As mentioned before, its high scalability in transactions comes from building on the Moonbeam blockchain network.

Why Should Authtrail Be The Choice?

Instead of dealing with complex code, Authtrail is easily integrated and offers an intuitive user interface that speeds up adoption.

Also, unlike products that lack scalability due to high transaction costs, Authtrail can hash and store large amounts of data more affordably.

Authtrail provides a complete overview of enterprise or product data history by anchoring data fingerprints on the blockchain.

Authtrail only deals with data hashing and anchoring without storing data on private servers, therefore, this ensures no GDPR issues or data leakage risks.

Benefits of Business Data Integrity

Data-driven decision-making has become important today.

While business intelligence tools have immense capabilities to filter, sort, analyze, and interpret the reams of data generated daily but only as effective as the underlying data structuring, businesses with mountains of unstructured data, deriving insights from information requires a lot of effort and time.

Also, more and more end-consumers have questions about sourcing raw materials and product origin.

For businesses with multiple production processes, sourcing requirements, and data-driven departments, it more benefits from harnessing all this data in a transparent and accessible format.

In addition, Better data integrity also can create newfound opportunities for companies to evaluate processes to find areas for improvement, optimization, and risk mitigation.

It supports companies not only to proactively ensure that all products are more rigorously tested for ensuring their quality conforms, but they can also avoid unwanted recalls that could harm their reputation and trust with customers.

Authtrail’s technology can retrace a product’s footsteps from the initial sourcing of raw materials. Since all new information is immediately uploaded to the blockchain, every single product component can be tracked, all from a single location.

Moreover, this information not only helps to gain stemming from a highly connected ecosystem but also is readily shareable in an organized format.

On the other hand, this newfound transparency and data validation also bring great benefits to customers.

As the demands for information regarding the sourcing of products, the origin of raw materials, and the integrity of finished products have been increasing, readily available data from the manufacturer are more important for strengthening the relationship with their consumers.

The response time for a manufacturer or distributor to call up this information on-demand when requested by a customer can be shortened dramatically thanks to Authtrail’s technology which can scan QR codes and track an entire product lifecycle.

As a result, it may make end customers keep peace in mind for the information contained therein as well as being a measurable way to validate that they have received the authentic product and not a cheap knock-off.

Moreover, these QR codes are all unique and immutable since being anchored on a blockchain, which is impossible for someone to make unauthorized changes to the data. That means end customers can trust the information they received.

Authtrail Makes it Work

From the world’s largest industries to small businesses, data integrity will be essential in building new economies.

Authtrail is a platform for data integrity and verification that adds value to the business through advanced technologies of blockchain. As such, it allows users to check the veracity of enterprise data and its history without other trusted external authority.

Leveraging innate attributes of blockchain technology allows the platform to help a business strengthen relationships with customers or business partners, as well as build a solid foundation for future collaborations.

A function of transparency and validity promotes data integrity making the platform a formidable technology compared with other product lifecycle stakeholders.

To learn more about Authtrail – please click here!

Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.


Tagged : / /

Primex Finance: Bringing Cross-DEX & Cross-Chain Trading to DeFi

Primex Finance is a decentralized finance protocol for digital assets, which enables DEX-agnostic cross-margin trading with scoring systems.

DeFi is one of the most successful areas of blockchain-based products. The current problem with DeFi is the lack of trusted sources for lending and stable cross-chain interoperability.

What is Primex Finance?

The platform allows users to borrow and lend cryptocurrency; lenders can profit from interest and borrowers can get loans quickly and anonymously.

Simply put, the Primex protocol functions similarly to the traditional lending model.

However, the major difference between Primex and the traditional lending model is that neither the buyer nor the seller interacts directly.

Lenders lock their cryptocurrencies into a liquidity pool, where borrowers are matched with the assets they wish to lend from that pool.

The liquidity pool is a network of smart contracts that will execute all transactions. In other words, when a user sends assets to the protocol, they are sending them to a smart contract and interacting with them directly.

This way guarantees that no agency or entity can control or take your money. Unlike crypto exchanges, where lenders and borrowers deal directly with one another.

When a lender puts a cryptocurrency on the protocol, it becomes fungible, and the platform pools it together. This will increase the borrower’s liquidity. Lenders can withdraw their assets at any moment without having to wait for a specific loan to grow.

How Primex works

How Primex works

Limit Risk Without Limiting Rewards

With Primex, lenders can select from a variety of risk profiles to allocate their assets at the exact risk they desire. They may also rate traders with a good reputation and have adopted dKYC since they want to protect their assets with such traders.

Allowing for the selection of a risk profile implies a range of interest rates, including higher rates for risk-averse lenders.

Consequently, traders benefit from leveraged trading by making more money. Profits are transferred to the credit pool, and Primex combines profit sharing with lenders, increasing the lender’s profits above and beyond standard interest income.

The protocol provides several key features including Cross-DEX cross-margin trading, portfolio management for assets, trading pairs, and traders, margin trading fees and profits supporting yield farming operations, the seamless bridge between a large number of DEXs, and leveraged trading across multiple chains.

Mission and Team

Primex was founded with a simple goal in mind: to combine DEXs and lending, the two key use cases of DeFi, into a single platform, optimize swaps across multiple ecosystems, and provide the greatest user experience possible.

The group developed a decentralized margin trading protocol that combines these two DeFi pillars into a single ecosystem.

Vlad Kostanda and Dmitry Tolok are members of Primex’s founding team.

The two talents have been working on the original project Adoriasoft, a blockchain development services, and solution firm, for four years.

Adoriasoft’s CEO was Vlad, while Dmitry was in charge of the company’s commercial development projects. They worked together on several projects at Adoriasoft until launching Primex in 2021.

Previous cooperation experience provides the team with strong and diverse expertise in cryptography and information security. In addition, the team worked closely with well-known ecosystems like Polkadot, Cosmos, and others.

Key Features

Cross-DEX cross-margin trading

Blockchain in general, and DeFi in particular, are transforming the way we live today. The technology transfers the entire centralized operational model to the blockchain platform.

From there, it helps to address the shortcomings of existing centralized approaches, such as centralization, high costs, and transaction times.

However, without cross-chain interoperability, DeFi will likely remain in its infant stage for the foreseeable future. Consider each blockchain to be its own economy.

If these economies cannot cooperate, the entire ecosystem will not be able to thrive and take over the traditional financial sector.

The amount of money pouring into DeFi protocols is increasing day by day, signaling that the world of DeFi is heating up. Cross-DEX cross-margin trading simplifies and accelerates communication between DEXs.

Primex pursues cross-chain technology based on this perspective.

The protocol isn’t restricted to a particular DEX.

Traders can open leveraged positions on different DEXs, and the position can be opened on one and closed on another, depending on a variety of circumstances, including the amount of liquidity available in the relevant pair.

Risk management for assets, trading pairs, and traders

A proper risk management system is one of the keys to success in the cryptocurrency market because of its high volatility. Lenders can diversify their risk across multiple assets, specific traders, and so-called risk buckets as a way to minimize the possibility of losses.

A risk bucket is a smart contract that has a set of trading rules that have been established by a community-nominated risk notary in order to make risk management easier for lenders.

Yield farming backed by margin trading performance

Profitable trading creates in turn significantly higher earnings, resulting in traders paying more fees to the protocol as a result of the profit-sharing mechanism. In comparison to alternative lending protocols, lenders will earn a higher rate of interest with Primex.

AI-based trader scoring

A decentralized network of AI-based nodes regularly evaluates traders’ performance.

The scoring system determines the risk levels of traders and the buckets that are available. High-scoring traders can endure periods of high volatility and maintain their positions even when their positions are close to the liquidation value.

No collateral to open a position

Instead of requiring you to put up collateral, Primex allows you to start a trade simply by locking in a deposit.

Neither funds nor locked assets are moved to external wallets under any circumstances. They are transferred to a protocol TVL in case of liquidation.

Traders do not access their personal wallets to connect with DEXs; instead, they use smart contracts within the protocol.

Fixed interest rate for lenders

Lenders have the opportunity to fix their interest rates if they lock in funds for a specific period of time. Backed by trading fees, a fixed interest rate is not affected by fluctuations in market interest rates.


Staking is the most prominent scenario of token usage. Notaries are elected by token holders through a stake-based voting system. The number of platform tokens held by an account determines a token holder’s voting power, also known as voting weight.

A notary must demonstrate commitment by depositing funds into a time-locked safe account (forfeited in the event of malicious activity) while performing their tasks, which appears to be a variation version of DPoS.

Token Distribution

  • Team and advisors: 21%
  • Inflation: 10%
  • Treasury: 11%
  • Community: 35%
  • Strategic investors: 23%

Users can place bets on notary groups rather than individual notaries. Voting for bucket notaries and trader notaries are generally performed in the same way, though there may be some variances.

To achieve consensus, the approach uses real-time voting in conjunction with a social reputation system. It is the least centralized consensus protocol among the others. Each token holder has a degree of control over what happens on the network.

The token is a reward for notaries, and its value is determined by the efficiency of the credit buckets in use. Primex employs token-based protocol governance mechanisms that enable the configuration of a variety of system variables.

To learn more about Primex – please click here!

Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.


Tagged : / / /

What Are CryptoPunks and Why Are They So Expensive?

Non-fungible tokens (NFTs) became a huge trend in the crypto industry throughout 2021. The demand for unique, rare, and scarce tokenized items continues to shoot through the roof at the time of this writing in January 2022. Artists, celebrities, and creators are launching different NFT projects to satisfy the insatiable cravings for the new asset class.

But while there are now hundreds if not thousands of non-fungible tokens (NFTs) flying around, with each aiming to become the next megahit, the whole NFT craze started with one project – CryptoPunks. And fun fact – it was back in 2017. Yes, you might guess what was their price back then (or find out later in this guide).

Today, CryptoPunks are some of the most popular and expensive NFT collections in the world, with some Punks selling for tens of millions of dollars. But what exactly are these crypto arts, and why are they so popular and expensive?

Just hang on, this guide provides all the information you need to know about CryptoPunks.

Quick Navigation

What Are CryptoPunks?

CryptoPunks is a well-known pioneer in the world of NFTs, as it is one of the earliest series developed on the Ethereum blockchain.

Created by the New York-based software firm Larva Labs in 2017, CryptoPunks is a collection of 10,000 algorithmically generated 24×24, 8-bit-style tokenized and pixelated art images.

Each CryptoPunk NFT is randomly generated from several different attributes, effectively allowing them to be unique as no two CryptoPunks are exactly alike.

Types of CryptoPunks

The CryptoPunk collection consists of a vast array of designs featuring humans, zombies, aliens, and apes. The more unique their combination of distinctive features are, the rarer the CryptoPunk NFT.

Source: Larva Labs

There are nine aliens, 24 apes, 88 zombies, 3,840 females, and 6,039 male Punks, with each possessing some distinctive features, including mutton chops, 3D glasses, rosy cheeks, pigtails, buck teeth, lipstick, beanies, and many more.

The first 1,000 CryptoPunks were reserved for the project’s developers and are known as the Dev Punks. About eight Punks have no distinctive features, and they are often referred to as the Genesis Punks while one CryptoPunk, #8348, has the seven basic attributes and is one of the most coveted art pieces in the CryptoPunk collection.

Crypto Punk #8348. Source: OpenSea

The First Punks Were Given for Free

Interestingly, the idea behind the world’s most popular NFT project started as an experiment.

In 2017, Matt Hall and John Watkinson, the founders of Larva Labs, developed a software program that would create thousands of different pixelated images of misfits and non-conformists.

The idea was to use the program and the avatars in a smartphone app or game and had been inspired by the London Punk movement of the 1970s.

But little did they know that their small project would pioneer the massive NFT industry as we know it today.

Subsequently, the collection of 10,000 CryptoPunks was launched on the Ethereum blockchain at a time when the ERC-721 token standard was not even a thing.

CryptoPunks were initially issued for free, with every Ethereum wallet holder having access to the NFT collection. Shortly after, the 9,000 available Punks were snatched up, leaving the rest for the developers.

Fast forward to 2020, the NFT market exploded. Demand for digital images with ownership rights on the blockchain soared, and CryptoPunks became the most sought-after.

Their values on secondary NFT marketplaces such as OpenSea shot through the roof resulting in multi-million-dollar sales, auctions at some of the top auction houses in the world, including Christie’s and Sotheby’s, and attracting several high-profile investors, including Jay-Z, Gary Vaynerchuk, and more.

As of January 2022, CryptoPunks have generated over $2.5 billion in total traded volume on OpenSea alone, with the popularity and market value still increasing as the NFT space reaches mainstream users.

But why are these tokenized images so popular? Let’s find out.

CryptoPunks: The Most Ancient NFT Series

When there’s high demand for a commodity with limited supply, the price will jump sky-high. And that’s the case with the revered CryptoPunks. In fact, the NFT is so popular that Visa had to join the craze by purchasing a Punk for $160,000.

But the big question is – what really drives the demand for something critics would call a bunch of pixelated images?

While there are several reasons for the increasing demand for CryptoPunks, two factors stand outage and scarcity.


The CryptoPunk collection is revered as one of the oldest NFT projects around. An aged NFT, such as CryptoPunk, is valued as much as a famous old painting like Picasso’s “Femme nue couchée au collier” of 1932 that was purchased and tokenized by TRON’s Justin Sun.

So, the age of CryptoPunks on the blockchain adds to their desirability. Most investors simply buy Punks to get their hands on one of the oldest NFT artworks still around.

Scarcity: Jay-Z, Serena Williams, and More

NFTs, in general, derive much of their value and popularity from the rarity and scarcity of tokens. CryptoPunks are also not left out.

The limited supply of CryptoPunks available for purchase adds to the thrill and pushes demand to the moon and beyond. The rarity of most CryptoPunks makes them highly coveted.

The plain-looking Punks are valued less than the rare Punks. For instance, alien CryptoPunks are among the rarest in the entire collection. As a result, they are super expensive.

Other demand drivers for the NFT collection include its popularity among high-profile individuals, including Jay-Z, Serena Williams, and many more. The images have been used as profile pictures on social platforms, which really clicked with the crypto community, further boosting the demand for them.

Now, let’s take a look at some of the most expensive CryptoPunks sold to date.

The Most Expensive CryptoPunks Ever Sold

Below are some of the most extravagant amounts that investors and avid digital art collectors have paid to get their hands on rare CryptoPunks.

  • CryptoPunk #7523 ($11.75 million)

Source: OpenSea

CryptoPunk #7523 is an alien Punk, and there are only nine of them in the collection. This makes it one of the rarest art in the collection. It depicts an alien wearing a surgical mask, and someone paid a jaw-dropping $11.75 million for the NFT at the popular London auction house Sotheby’s.

The Punk was purchased by Shalom Meckenzie, a major shareholder in the daily fantasy and sports betting firm Draftkings.

  • CryptoPunk #4156 ($10.26 Million)

Source: OpenSea

With only 24 ape Punks in the collection, an investor spent a hefty $10.26 million to acquire CryptoPunk #4156 in December 2021, making it the second most-expensive Punk ever sold to date.

  • CryptoPunk #7804 ($7.56 Million)

Source: OpenSea

CryptoPunk #7804 is a pipe-smoking alien wearing a hat and sunglasses. It was sold for $7.56 million to Dylan Field, the CEO of the cloud-based design tool, Figma.

  • CryptoPunk #3100 ($7.51 Million)

Source: OpenSea

CryptoPunk #3100 was last sold for $7.51 million earlier in March 2021. It is one of the alien Punks but with a white-blue headband.

  • CryptoPunk #5217 ($5.44 Million)

Source: OpenSea

CryptoPunk #5217 is an ape Punk wearing a red knitted headgear and a gold chain. It was last sold for $5.44 million.

How to Buy a CryptoPunk NFT?

As with other non-fungible tokens, you can view all of the available CryptoPunks in several NFT marketplaces, including on OpenSea, which is the biggest secondary NFT marketplace.

However, investors can only buy CryptoPunk through the Larva Labs website. There, the firm provides several tools needed to help buyers select which avatar they wish to buy, including a tracker that shows all of the listed Punks and their various prices.

First, you will need to log in with an Ethereum-based wallet, MetaMask preferably. Once you have gained access to the platform and are granted the necessary permissions, you can bid on, buy, and sell CryptoPunks using Larva Labs’ official website.

When you bid on, buy, and sell the NFTs on the marketplace, you can observe the status of each CryptoPunk NFT based on the color of their background.

A blue background implies that a particular CryptoPunk is not for sale and does not have any open bids at this time. A red background denotes that the owner of the Punk has placed it for sale, and a purple background shows that there is an active bid for the selected CryptoPunk NFT.

With all of the above in mind, we’ve prepared a detailed step-by-step guide on how to buy and sell NFTs on OpenSea that you can check out.

The Future of CryptoPunks

CryptoPunks have attracted several high-profile investors into the NFT space and are leading the way in the crypto art movement. In just four years, the price of one Punk has gone from being worth virtually $0 to several million dollars.

While there is no way to know if the current demand for CryptoPunks and NFTs, in general, will continue in years to come, one thing is certain — they will always be an integral part of the NFT world as the most ancient series, several years before the Bored Apes Yacht Club and other popular NFTs.

That said, Larva Labs is constantly exploring new ways to improve the project even further since it’s very unlikely that it will issue more CryptoPunks as their limited supply is one of the critical drivers of their popularity.

The software firm revealed that it had put all of the CryptoPunk attributes and images on-chain on the Ethereum blockchain, which will help to secure their longevity and the durability of CryptoPunks investments.

For more information: The official website.


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.


Tagged : / / / / / /

Morphware: Making Machine Learning Work for Blockchain

Today, as machine learning techniques are widely applied to a range of applications, machine learning has become important to online services.

Morphware is a decentralized machine learning system that rewards owners of accelerators by auctioning off their idle computing power and then facilitates the associated sub-routines, which can be on behalf of the data scientists to train and test the machine learning models in a decentralized capacity.

Types of machine learning models include supervised semi- or unsupervised learning algorithms.

The training of a supervised learning algorithm can be seen as a search for the optimal combination of weights to apply to a set of inputs or to predict a desirable output.

The impetus of this work is the computational complexity. Hardware that is used to render video games can also accelerate the training of supervised learning algorithms.

What Is Morphware?

One of the key problems in machine learning models is the computational resources required to run state-of-the-art machine learning workloads are doubling approximately every three-and-a-half months.

To address this issue, Morphware develops a peer-to-peer network that allows practicing data scientists, machine learning engineers, and computer science students to pay video game players or others to train models on their behalf.

Although hardware machines are helping data scientists accelerate the development of machine learning models, the high cost of these hardware accelerators is also a barrier for many data scientists.

What Are Machine Learning Models?

Machine learning models can vary by degree of supervision and parameterization. The purpose of training a supervised-parameterized model is to lower the error rate that spans the numerical distance between a prediction and an observation.

Training a machine learning model is implemented by pre-processing, and followed by testing. Data scientists separate the data that is made available to machine learning models while they are training from the data that is made available to them during their period of testing.

Therefore, it can be seen that the model does not overfit the set of available data, as well as performances, which may be worse on unseen data.

Normally, training and testing data are selected from the same file or directory in pre-processing.

The birth of deep learning is the big bang of modern As a fundamentally new software model, deep learning allows billions of software neurons and trillions of connections to be trained, in parallel.

Running deep neural network algorithms and learning from examples, accelerated computing is an ideal approach and the GPU is the ideal processor.

It is a new combination to create a new generation for computing platforms with better performance, programming productivity, and open accessibility.

Deep learning models are known as a subset of machine learning models. They are especially computationally intensive to train because of their interconnected layers of latent variables.

What Is Morphware’s Solution?

The main platform’s currency Morphware Token is used for these transactions.


The total supply of the Morphware Token is 1,232,922,769 and they are burnable, but not mintable.

Through a website that is designed, developed, and deployed by Morphware, users can buy the platform token.

Less than two percent of the total supply of Morphware Tokens will be for sale in the first month.

How Morphware Works

The process of a machine learning model is data analysis and then is an iterative cycle that vacillates between model selection and feature engineering.

The purpose of this work is to help end-users such as data scientists iterate faster by creating access to a decentralized network of computers that can accelerate their workloads.

End users are paired with and pay, worker nodes via a sealed-bid, second-price reverse auction. They pay worker nodes to train their models and validator nodes to test the models trained by worker nodes by Morphware Tokens.

The roles and responsibilities of members of the network include two autonomous peer types.

To work with Morphware, end users just upload their model, in the form of a Jupyter notebook or a Python file, the training and testing data.

Next, they need to specify the target accuracy level and give a prediction for how long it’ll take to reach that accuracy level. Clicking submits to finish.

End users submit models to be trained by the workers and tested by the validators. Meanwhile, workers are the nodes that earn tokens by training models submitted by the end-users.

Validators are the nodes that earn tokens by testing models trained by the workers.

Once the end-user submits the model, it will be trained by the workers and tested by the validators, through the platform, which communicates with the network through its back-end daemon.

The daemon is responsible for not only creating algorithms and their respective datasets for what is submitted by the end-user through the client but also sending the initial solicitation of work to the smart contract.

In addition, the daemon is responsible for the training and testing of the models, by the workers and validators.

Peer-assisted delivery allows the propagation of an algorithm and corresponding dataset from an end-user to a worker or a validator.

However, the initial work requirements from the end-user and relevant responses to the end-user from workers or validators are all posted to the smart contract.

The initial work requirements include the estimated runtime of the training period, the algorithm-related magnet, the training set, and the testing set of data.

A response from a worker includes a magnet link to the model that they trained, which is subsequently tested by many validators.

If the model that was trained meets the required performance threshold, the worker and validators are going to receive tokens as a reward.

What Makes Morphware Outstanding

Morphware is a two-sided marketplace.

The marketplace serves data scientists who can use the platform to access remote computing power through the network of computers such as CPUs, GPUs, RAM as the way they would use AWS, but at a lower cost and with a more user-friendly interface.

On the other hand, Morphware also serves owners of excess computing power who are looking to earn money and rewards by selling their computing power.

Therefore, its customer segments focus on data scientists, gamers, or people with excess computing power who want to earn money.

Currently, the client list of Morphware has been continuously growing including a data scientist working on a self-driving car Mobility Lab, student organizations who need data science support, and automotive companies such as Suzu, Mitsubishi, or Volvo.

Morphware has also partnered with Tellor. Under this partnership, Tellor is going to pay Morphware for using their oracle for the first few months.

Compared with other competitors in the market, Morphware has a competitive advantage. Its unique marketplace strategy makes its product cheaper than others.

Closing Thoughts on Morphware

As machine learning models are becoming increasingly complex, the projects for a new ecosystem of machine learning models trading over a Blockchain-based network has been explored.

As such, the end-users or the buyers can acquire the model of interest from the machine learning market while workers or sellers who are interested in spending local computations on data to enhance that model’s quality.

As so, the proportional relation between the local data and the quality of trained models is considered, and the valuations of seller’s data in training the models are estimated.

The project shows a competitive run-time performance, a lower cost of execution, and fairness in terms of incentives for the participants.

Morphware is one of the pioneering platforms that introduces a peer-to-peer network where end-users can pay video game players to train machine learning models, on their behalf, in the platform’s currency Morphware Token.

To learn more about Morphware – please click here!

Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.


Tagged : / /

TON: The Open Network Blockchain from Telegram

The Open Network (TON) is the third-generation proof-of-stake blockchain designed for lightning-fast transactions.

As the boom of blockchain technology-based projects has been continuously increasing in today’s digital era, TON is a project that is ultra-cheap, both user-friendly and service provider-friendly, as well as fully operational.

Launched in 2018 by the pair founders of Telegram Messenger, the Durov brothers, the project then has been taken over and powered by TON Community.

TON is developing as a huge distributed supercomputer or a huge superserver hosting and providing a variety of services in the blockchain world.

What Makes TON Special

In addition to the ability of processing millions of transactions per second, the ecosystem in the TON blockchain can also support to create a emerging Web3.0 Internet generation with decentralized storage, anonymous network, DNS, instant payments and various decentralized services.

TON Blockchain

The TON blockchain is unique with a scalable and flexible architecture including a master chain and up to 292 accompanying blockchains.

The approaches and methods implemented in TON allow the platform to process millions of transactions per second. There are also Turing complete smart contracts, upgradable formal blockchain technologies, multi-cryptocurrency value transfer, support for micropayment channels, on-chain payment networks, and many more.

TON is built on the advanced Proof-of-Stake consensus. Validator nodes use deposit stakes to guarantee their dependability and reach consensus through a variant of the Byzantine Fault Tolerant protocol.

As a result, this resource saving mechanism not only allows the platform to focus nodes computing power on handling transactions and smart contracts but also provides better speed and efficiency.

Meanwhile, smart Hypercube routing mechanisms ensure swift exchange between any two blockchains no matter the network size. it’s also scaled to millions of chains without impairing the processing speed thanks to the logarithmic relation between data transfer time and number of blockchains.

In order to avoid unnecessary forks, TON has a self-healing mechanism to make new valid blocks on top of any invalidated blocks. Therefore, this can save resources and guarantee that valid transactions are not discarded from unrelated errors.

Compared with other blockchains in the space, TON stands out because of its scalable and flexible architecture and the third- generation proof-of-stake.

It doesn’t stop there, TON is designed to a first fifth-generation blockchain project which is also a BFT PoS-multichain project, mixed homogeneous/heterogeneous, with support for custom workchains, with native sharding support, and tightlycoupled which is especially capable of forwarding messages between shards almost instantly while preserving a consistent state of all shardchains.

With that goal, TON is going to be a truly scalable general-purpose blockchain project, capable of accommodating essentially any applications that can be implemented in a blockchain at all.

TON Services

TON provides a versatile platform for third-party services. Its interfaces are friendly for users to use and are available for decentralized apps and smart contracts, as well as decentralized browsing.


A number of wallets are available. Users able to send and receive funds in seconds, the wallet also allows them to sell and exchange TONs via various Dapp providers, or monitor price changes while keeping peace in mind with security features.

Also, users are able to experience special simple and intuitive interface wallets on the various devices such as wallets for Windows, Linux, web, android, or MacOS making users easily store, send, and receive TON coins while always staying in full control of their data.

There’s the TON Wallet Plugin for Google Chrome where users can keep their assets safe and secure. Only just after a simple and clear installation process, users will have access to TON dApps.

As mentioned before, since the founders of TON also founded Telegram Messenger, you can use Telegram as your regular cryptocurrency wallet with the common features such as purchase cryptocurrency by bank card and receive, exchange, as well as send cryptocurrency to other wallets instantly.

Currently, the wallet is supporting Toncoin and BTC, and more new cryptocurrencies are being added. Users are able to buy crypto by bank card with limits within minutes. Payments are accepted in USD, EUR, and RUB.

Crypto Bot

Your app chat is also your multicurrency wallet. Users can store, send, pay, receive TON, BTC, USDT, BUSD, USDC and BNB coins right in Telegram with an internal wallet.

Users can sell or buy coins using local payment methods through safe deals without any risks for 1% fee.

Typing ‘@CryptoBot’ in any chat to create a check from the message input field for sending coins to any Telegram user or to to create an invoice for requesting and accepting payments in crypto.

The Binance Smart Chain is integrated to store, send, and receive BEP20 coins like USDT, BUSD, USDC and BNB. As BSC provides lower transaction fees and 3-second block time, it can save both time and money for TON users.

Other coming particulars are almost done in testing phases and are going to be introduced in next few months like TON Payments and TON DNS.

TON Payments

TON Payments is a platform designed for micropayments and a micropayment channel network or known as lightning network.

It can be used for instant off-chain value transfers between users, bots, and other services without the need to commit all transactions into the blockchain, pay the associated transaction fees. These transfers are also ensured as on-chain transactions.


TON DNS assigns human-readable names to accounts, smart contracts, services and network nodes. Therefore, TON DNS browsing blockchain brings an experience similar to browsing the Internet.


The Toncoin is the main cryptocurrency of the TON blockchain as well as empowers basic works on the chain. Users can also get the coin through exchanges or some third-party services such as FTX, OKEx, EXMO, Wallet Bot, NeoCrypto, Mercuryo, Crypto Bot, Uniswap, PancakeSwap, Dodo, gate.io, or Biswap.

At the present, Toncoin is distributed via special giver smart contracts which use a proof of work mechanism. Anyone can mine pow-givers and receive coins. However, a miner needs to iterate over a large number of hashes to receive a reward and to find a proof-of-work.

In order to mine the Toncoin, the PoW Giver contract has a computational puzzle as a challenge. Users need to resolve and then they will be rewarded with a fixed number of coins. Another new challenge will be generated and it will only be solved by brute-force numbers.

If a puzzle is resolved too soon, the PoW Giver contract will increase the complexity level that will take more power needed to resolve it.

On the other hand, if resolving took too much time, the complexity level is reduced. There’re 5bn Toncoins transferred to Proof-of-Work Giver smart contracts.

Set to be launched in 2022 Q1, the Staking feature is a service that allows lending stakes to owners of validator nodes.

As a result, a Toncoins holder can lend coins to a hardware owner for starting a validator node. The profit then will be shared between the parties.

The service smart-contract guarantees that the borrowed coins will only be used for validation and the revenues will be shared following the conditions agreed.

In the future, Toncoin has been developing as not only a huge potential of Toncoin but also numerous ways to use it.

Keep Watching TON

Many blockchain projects are constantly developing and improving to bring profits as well as the best utility experiences for users, one of them is TON.

The blockchain platform is a scalable multi-blockchain architecture capable of supporting a massively popular cryptocurrency and decentralized applications with user-friendly interfaces.

You may be interested in TON – so just click here to learn more!

Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.


Tagged : / /

Decentraland Guide and Review: How to Play the Blockchain Game?

Online gaming is arguably one of the best use cases for blockchain-based technology. The ability to assign traceable and verifiable ownership to in-game items provides tremendous capabilities.

This concept has grown in popularity, and perhaps one of the first games to pioneer the field was Decentraland.

The below is a comprehensive guide on Decentraland – what it stands for, how it was launched, and how to play it in a detailed step-by-step guide.

Quick Summary:

Name: Decentraland

Launch date: 20.02.2020

Tokens and network: Ethereum, LAND, MANA

What is it about: Decentraland is a decentralized virtual platform where users can create, travel, and monetize experiences, content, and applications.

Associated brands and celebrities: Samsung, Australia Open 2022, Digital Currency Group, JJ Lin, and others.

What is Decentraland?

Decentraland brings forward a decentralized virtual reality (VR) platform that’s built on top and powered by the Ethereum blockchain. Within it, users are able to create, experience, and monetize experiences, applications, and content.

In essence, it’s a virtual reality where the 3D land is permanently owned by the community, which provides members with absolute control over their creations. You can log in, create an avatar, and start exploring, buying land, and building all sorts of builds ranging from playgrounds to virtual cinemas and galleries.

Those who own land can control the content published to their portion of the land and these contents can range from interactive systems such as games to static 3D scenes such as paintings, for instance.

One thing that makes Decentraland different compared to other popular blockchain-based games is the fact that it’s not controlled by a centralized organization. Instead, there’s a Decentralized Autonomous Organization (DAO) that governs the policies created to determine how the Decentraland world would behave.

As of writing this, there are already many cool places that users can visit in Decentraland, but more on that in the How to Play section below.

Gameplay Image of Decentraland

The Decentraland DAO

The Decentraland DAO was created to turn the game into the first truly and fully decentralized virtual world and it has been a part of the original vision of the game’s developers.

The DAO owns the most important smart contracts, as well as the assets that make up Decentraland – the LAND Contract, the wearables, the content servers, the Estates Contract, and the marketplace.

This DAO also owns a lot of the game’s native MANA tokens, which allows it to be autonomous while also enabling it to subsidize different operations and initiatives.

Those who participate in the DAO (read all LAND and MANA holders) can schedule votes to decide on different issues such as:

  • Addition and replacement of content servers
  • Upgrading LAND to add more features
  • Specifics and dates of LAND auctions
  • Primary sale fees
  • Addition of new wearables and so forth

The Team Behind Decentraland

Decentraland was conceptualized in a detailed whitepaper written by Esteban Ordano, Ariel Meilich, Yemel Jardi, and Manuel Araoz. It’s also worth noting that they got some help from notable experts such as Michael Bosworth from Google, Jon Choi from Dropbox, Jake Brukham from CoinFund, and so forth.

The team’s vision became a reality on February 20th, 2020 (20.02.2020), when Decentraland went live to the public. The launch included the establishment of the Decentraland DAO, as well as the full decentralization of the world’s infrastructure and the public access to what it had to offer.

It was an important moment in Decentraland’s development roadmap because, after it, no single entity was ever able to single-handedly modify the rules of its code stack.

While there are no verified sources of information revealing the current playebrase of Decentraland, the fact that it has grown to become one of the leading metaverse-based virtual realities in the blockchain industry right now (as of writing these lines in January 2022) is undeniable.

A lot of this was made possible thanks to the big players who stepped through its digital doors and set foot into its digital lands.

From Samsung to AO 2022: Noteworthy Decentraland Partnerships

Speaking of partnerships, one of the most considerable advents in this regard was surely Samsung revealing its attempts to dive deeper into the metaverse through Decentraland. These include limited-supply collections of Samsung Decentraland wearables that users can buy to customize their in-game avatars.

One of the four tennis Grand Slam tournaments – the Australian Open, also announced that it will join the metaverse by partnering up with Decentraland.

One of the well-known backers of the project is the industry-leading Digital Currency Group spearheaded by famous crypto proponent Barry Silbert.

In June 2021, Sotheby’s – the world’s older auction house, also claimed its stake in the metaverse. It opened the first-ever virtual gallery, choosing Decentraland as the main destination. This is how it looks from within the game itself:


Decentraland Tokenomics: Explaining LAND and MANA

The game itself is comprised of many parts, and its intricacies are numerous. However, understanding its tokenomics is critical to being able to play it. The two primary tokens in Decentraland are LAND and MANA.

LAND Token Explained

The land within the Decentraland metaverse is represented by non-fungible LAND tokens. In essence, these are non-fungible tokens (NFTs) that track the land ownership on Ethereum’s blockchain.

For a detailed guide on what is an NFT – take a look here. To see how to mint NFTs on OpenSea – click here.

LAND tokens are built on top of the ERC721 protocol standard which makes it a digital asset that can be traded with other users – just like any other NFT.

One of the main differences between LAND and other NFTs like the Bored Ape Yacht Club collection, for example, is that players are able to use LAND within Decentraland to construct 3D spaces and applications like in the example below:


Land parcels are 16m x 16m. The height is restricted based on these limitations as well. Moreover, LAND is a digitally scarce token, and it corresponds to the fixed total amount of MANA tokens.

Quick Interesting Facts:

  • On November 24th, 2021, TokensCom paid 618,000 MANA (worth $2.4M at the time) to buy a patch of land in Decentraland. This is the most expensive virtual real estate to date (January 2022).
  • In June 2021, someone bought a plot of virtual land for $1 million.
  • Chinese celebrity singer JJ Lin has bought three pieces of virtual land on Decentraland.

How to Buy LAND?

There are a couple of ways users can buy virtual properties (LAND) in the Decentraland metaverse. The first one of them is to participate in timely auctions that are announced by the team every now and then and sell unclaimed LAND.

The more popular one is to go to Decentraland’s Marketplace and buy it there. Once you get to the marketplace, you will get prompted to connect a web wallet and we recommend that you use the most popular one – MetaMask (unless you have another one that you’re used to.) If you don’t have the wallet installed, visit the official website, install the Google Chrome extension and follow the instructions carefully.

Important: in case you install the wallet for the first time, be aware of phishing and double check you visit the correct website URL, read here for more security tips.

Once you have your wallet connected to the Marketplace, you can click on “Land” in the top left corner, and you will see the following map:


The little squares are the LAND units, and you can click on each one of them to check their details and place a bid (in case it’s owned by someone, like most of them already are). To buy it, you have to place a winning bid:


MANA Token Explained

The other token that’s essential to Decentraland’s in-game economy is MANA. Unlike LAND, MANA is a fungible ERC20 cryptocurrency that can be burned or spent in exchange for LAND parcels. It can also be spent in the Decentraland Marketplace to buy various things that the game has to offer.

How to Buy MANA?

Unlike LAND, MANA is traded freely on many leading crypto exchanges such as Binance. You can create an account at each one of them and buy some of it on the open market. If you want to use them in the game, though, you need to transfer them to the wallet you are using.

Now that all of the above is clear, let’s see how to actually play the game.

How to Play Decentraland

Once you get to the official website of the game, you will see a big red button in the middle that you should click to get started. Then, you will be prompted to either play using your wallet or continue as a guest:


For this guide, we will connect a MetaMask wallet and sign the necessary permissions. Once the game loads, you will be able to create your very own avatar. This will be the character that you play the game with, so make it pretty:


There’s a bunch of traits that you can choose from, such as the body, head, top, bottom, shoes, accessories, and add different collectibles. Additionally, you can also buy items using the Marketplace but more on that below.

Once you have your avatar ready to roll, hit the “done” button in the bottom left. Now you would have to name it, agree to the terms and conditions and you’re ready to roll.

You get dropped at Genesis Plaza alongside all the new players that have just started their journey:


Notice that there’s a tutorial box towards the bottom of your screen – we highly recommend that you keep that up until you are used to playing the game, as it will give you the basics.

Once you’re at Genesis Plaza, start controlling your avatar using the traditional “W, A, S, D” keys – just as in most MMO games.

All around Genesis Plaza, you will find a few pillars, each one of which is filled with different activities that you can do:


Alternatively, you can also jump through the middle in the giant hole-looking whirlwind thing and explore other avenues:


Another cool thing is that when you press M, you toggle the map. There, you can search for different locations and “jump in” right to them without having to walk there.


On the bottom right, you will find your current location. On the top, there is a navigation menu that allows you to explore different options. For example, if you hit the “explore” button you will get redirected to a page where you can find various places, events, and so forth.

Remember that earlier in the guide we mentioned that Sotheby’s opened a gallery in Decentraland? Well, let’s check it out.

Exploring Decentraland

Once you click on Explore on top of the page, you will also find the “Places” button, and as soon as you hit it, some of the popular locations in Decentraland will pop up. We selected Sotheby’s gallery and jumped right to it. Here’s where we ended up:


And the cool thing is that Sotheby’s has actually displayed some art pieces to check out. For instance, this is one of Banksy’s pieces:


You can also just click on the painting itself, and it will send you to the official Sotheby’s page containing the full art details.

What Else Can You do in Decentraland?

It’s important to keep in mind that Decentraland is not exactly the type of game that many would probably be used to – you don’t get to fight other players or go against the environment. Instead, it’s designed to be a pixelated virtual alternative to our world with all the bells and whistles.

Those who buy land can build on it using the builder tool that’s also available from the top navigation menu:


It’s clear that the possibilities are virtually endless. Take our short cruise to Sotheby’s, for example. Just as an idea, you can build out an impressive art gallery, and if players come to visit it, you can commission artwork on display. For instance, if an owner of a Bored Ape NFT wants to sell it, he might consider paying you to display it if gets the sufficient exposure – just as Sotheby’s is doing for their artists.

There are many other avenues that can be explored. You can also go to various theme parks, ride a bus or just run around and explore the Decentraland, which is already getting rather big, and there’s plenty of things to discover.

The Decentraland Marketplace

The Decentraland Marketplace is an integral part of the game. It allows users to buy and sell various items such as collectibles, wearables, and whatnot.

To access it, all you need to do is visit the official website and hit “marketplace” on the top. You can also access in-game by hitting the M button and finding it on the top navigation menu where the map and the builder tool are.

This is what the marketplace looks like:


You can browse for various items and buy them using the in-game currency – the MANA token.

Decentraland Review: Revolutionary but not Unreal

Decentraland boasts a complete metaverse experience as many would imagine it. It’s a fully-fledged digital alternative to our lives on a blank canvas where users are able to build everything from the ground up, and some have already started.

The fact that it’s decentralized and governed through a DAO does set it apart from some other popular releases in the industry.

We spent a couple of days exploring Decentraland’s universe, and it’s safe to say that it is undergoing serious in-game development. There are massive structures being built, galleries, museums, arcade parks, and even a university (albeit not quite finished yet). This shows that there’s some serious interest in the game.

Although anecdotal, it also feels like the game is getting more popular. We played it a couple of months ago and failed to encounter anyone out of Genesis Plaza (the starting zone), but now – we saw quite a few players cruising around and exploring various locations. This is promising.

Of course, if you are used to a triple-a gaming experience, flawless Unreal graphics, and gameplay, Decentraland is not for you – the game is currently a very simple browser-based experience that wouldn’t really impress anyone in terms of design and/or gameplay.

However, it’s one of the earliest attempts to create a blockchain-based game where transactions happen on-chain and users have legitimate and verifiable ownership over the in-game items. As such, the developers have done an admirable job, and it looks like it has a very bright future ahead of it.


Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.


Tagged : / / / / / / / /
Bitcoin (BTC) $ 27,440.35 0.60%
Ethereum (ETH) $ 1,642.74 1.45%
Litecoin (LTC) $ 64.27 2.89%
Bitcoin Cash (BCH) $ 228.48 7.19%