Month: November 2021

The Radicle (RAD) network is a decentralized platform that empowers developers to conduct peer-to-peer software collaborations. The network leverages a variety of open-source codes and a blockchain-based tech stack which enables developers to create permissionless Dapps in a more efficient manner. Notably, the platform continues to see growing adoption due to the time and money it saves developers across the sector.

What Problems Does Radicle (RAD) Attempt to Fix?

The development team behind the Radicle platform sought to create a self-sustaining, global, and permissionless network as a means to combat multiple issues in the market. Primarily, the protocol helps to promote further blockchain integration. The network enables programmers to create and anchor projects to the Ethereum blockchain. It also simplifies the most common tasks including smart contract management and access control features.

High Fees

High fees continue to be a major problem for Ethereum developers. The technical structure of the network is set up in a manner that congestion directly equates to higher transaction and processing fees. In the past, these systems helped to reduce spam posts.

However, as the most recent round of congestion isn’t spam-related, but rather, an influx in DeFi platforms, the high fees have had a negative effect on the platform. Radicle introduces a new system that helps to reduce fees for users and developers who interact with the network’s smart contracts. Additionally, there is never a membership or subscription fee users need to pay to enjoy these benefits.

Benefits of Radicle (RAD)

There are some really cool benefits that Radicle introduces to the market. For example, it enables developers to share codes without a third party. Enabling true peer-to-peer collaboration helps to drive innovation and improve the overall user experience across the market.

Open-Source

One of the core components of Radicle is its focus on all things open source. The entire platform was built using open-source code as well. Open source projects are recommended over their closed counterparts for many reasons. Primarily, it’s because open-source projects allow the community to vet their protocols to ensure there are no weaknesses, errors, or funny business going on behind the scenes.

How Does Radicle (RAD) Work?

The Radicle network lives atop the Ethereum blockchain. The protocol enables developers to create and integrate decentralized organizations and digital tokens in a secure and efficient manner. The platform combines open-source coding, community-led governance, and a self-sustaining network for software collaboration.

Radicle Orgs

Radicle Orgs allow multiple people to manage a group of projects. They empower communities that utilize Radicle’s unique features. The protocol encourages developers to create decentralized groups. Notably, there are a lot of tutorials on deploying Radicle Orgs for your DAO or development team. There are also modules and other pre-coded features that improve your success rate.

Radicle (RAD) – Attestations

Users can link their Radicle Identities to their Ethereum addresses directly using the attestations system. The goal of this protocol is to provide a global namespace to improve discovery. Radicle users can send their Radicle ID rather than their ETH account and add another layer of protection to their transactions.

Git

Radicle was built to improve Github’s collaboration features. The network takes advantage of the largest developer community in the world and adds new options such as peer-to-peer discovery to the equation. Additionally, the open-source nature of the project empowers programmers to make new interfaces and ways of interacting with Radicle’s combination of helpful features.

Radicle Link

The Radicle Link protocol is one of the core components of this network. This standard for code collaboration enables decentralized sharing without sacrificing security. Radicle Link is vital to the functionality of the platform as it helps to ensure the network retains its decentralization.

RAD

The RAD token operates as the main governance and utility token for the network. RAD is an ERC-20 token that resides on the Ethereum network. It serves a variety of purposes. For example, you can send RAD globally in seconds. You also must hold RAD to participate in the voting features of the network or to interact with smart contracts.

Radicle (RAD) – NFT Support

The Radicle Network offers DeFi and NFT users some features that are sure to spark interest. For example, the network supports the creation, issuance, trading, and management of NFTs (non-fungible tokens). NFTs are digital assets that can represent a unique asset in either the virtual or real world.

NFTs are quickly becoming the rising star of the DeFi sector. There are currently NFTs worth millions of dollars. These tokens are now more common than ever in the gaming and art world. Radicle’s developers can use NFTs for multiple services including the ability to fund new communities, sponsor initiatives, and as exclusive membership passes.

Governance

Radicle seeks to be a community-led project throughout its life cycle. To accomplish this task, the network introduces a community governance mechanism. This system allows regular token holders to put forth proposals and vote on vital upgrades to the network. Community governance systems help to keep project communities in sync. They also help to drive the value of the platform’s token higher since the more tokens you have and the more weight your vote holds.

History of Radicle (RAD)

The Radicle concept took flight in February 2018. The network was founded by two developers by the names of Alexis Sellier and Eleftherios Diakomichalis. Their goal was to create a more sustainable and democratic way to fund open-source public software protocols.

It’s Time for Some Radicle Improvements

The developers behind the Radicle project seek to make software creation more open and affordable. The network’s unique capabilities enable anyone to join forces with other developers in a direct peer-to-peer fashion. This approach reduces costs and improves transparency across the market.

These features combined with the ability to easily pin new applications to the Ethereum blockchain make Radicle a smart alternative for anyone seeking to create robust decentralized applications. For these reasons, Radicle is set to see continued adoption moving forward as more developers get hip to its excellent feature set.

Which products support RAD? 

What regions support RAD? 

Crypto to fiat trading pairs

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs 

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for RAD?

RAD requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts RAD?

RAD is hosted on Ethereum blockchain. 

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001 RAD 

Maximum: 17,000 RAD

By David Hamilton and Coinbase

Livepeer is a network built on Ethereum for transcoding live and on-demand video. 

Livepeer differentiates itself from traditional video streaming services like YouTube by not hosting, storing or distributing video. Rather, Livepeer is building a technology that utilizes excess computing power to more efficiently share video from broadcasters to consumers.  

Video streaming is the main source of internet bandwidth use worldwide, with some reports suggesting that it accounts for up to 80 percent of global internet usage. The biggest cost for video broadcasters lies in transcoding, which is the process of converting and reformatting raw video to ensure it can be played across multiple devices and networks, from pocket size smart phones to larger than life billboards.

Livepeer aims to disrupt the video transcoding market by giving broadcasters access to thousands of distributed processors, allowing app developers to create videos within a secure, efficient and affordable architecture. 

Central to its ecosystem is the Livepeer Token (LPT) which is used to secure the Livepeer network and coordinate the work responsibilities of those supporting the video encoding process.

When Grayscale, the firm behind the GBTC investment vehicle, announced in March 2021 that it was creating new trusts based on other cryptocurrencies, most of the newly-announced trusts picked were well-known, unsurprising cryptos such as Chainlink and Filecoin. But there was one new addition that seemed to catch even crypto enthusiasts off-guard: Livepeer.

Livepeer is an Ethereum-based decentralized service that aims to significantly slash costs for video streaming apps. It does so by distributing resource-hungry transcoding tasks to users who lend their computer’s processing power to the network. Like most decentralized services, there are incentives for network participants, such as the “orchestrators” who transcode video, and delegators who stake LPT tokens to ensure liquidity.

Grayscale clearly sees potential in the idea, but what’s it really all about? Here’s a look at how Livepeer works, how users can get involved, and how to buy its LPT token.

What is unique about Livepeer?

Livepeer is a decentralized service designed to minimize infrastructure costs for streaming or on-demand video applications.

It’s not a consumer-facing video platform itself; this isn’t a decentralized alternative to Twitch or YouTube. Instead, it’s a behind-the-scenes solution for app creators that distributes the task of transcoding video—or converting it from one format to another before playback—across participating computers on the network.

The firm suggests that it can cut resource costs by up to 50 times compared to traditional, centralized approaches to transcoding video.

Over 1,600,000 minutes of original content created and streamed on the @LivepeerOrg network in the last 30 days. Creators + decentralization is unstoppable! pic.twitter.com/P1FolIKVQx

— Eric Tang ⚡️ (@ericxtang) March 6, 2021

How does Livepeer work?

Livepeer relies on its “orchestrators,” or people who have added their computers to the network, to handle transcoding demands from app developers as needed. These individuals trade their computing resources—CPU and GPU power, along with bandwidth—in exchange for fees paid out in cryptocurrency. Livepeer also calls these users “video miners,” keeping with the mining parlance used for the block creation work on many other blockchain platforms (like Bitcoin).

Developers who use Livepeer’s network to fuel their video apps must pay LPT for transcoding and distribution services. Additionally, LPT holders can stake their tokens towards an orchestrator to become a delegator, thus earning a smaller share of fees and rewards for participating in the network without being directly involved in the transcoding process.

Did you know?

The price of Livepeer’s LPT token shot up nearly 450% in the days following the announcement of the Grayscale Livepeer Trust in March 2021, according to CoinGecko.

What’s so special about Livepeer?

Video streaming is expensive for app developers. It’s one of the hidden costs that consumers may not directly see or understand, but those costs can be passed onto them in terms of service fees, increased advertising, or having their data sold.

By minimizing those costs through distributed computing, Livepeer may enable new kinds of video-driven apps and business models. On the other end of the equation, people can contribute their computing power and earn fees and rewards in the process.

What can you do with Livepeer?

Livepeer is not a consumer-facing service, so users who watch videos that are transcoded on the Livepeer network may not have any indication that the service was involved.

For app developers, Livepeer provides a potentially cheaper alternative to centralized services, trimming down computing costs to implement video functionality within their services. And for network participants, there’s incentive for plugging your computer into the network and/or staking LPT tokens to help ensure liquidity.

Did you know?

Livepeer has launched a “co-mining” pilot program with decentralized storage platform Filecoin, as of March 2021, allowing users to mine and earn rewards on both.

We are excited to announce that Livepeer is launching a co-mining pilot with @Filecoin to enable Filecoin miners to become Livepeer video miners. https://t.co/X2nuht1Qj1

— Livepeer (@LivepeerOrg) March 23, 2021

The Grayscale Livepeer Trust

Grayscale’s cryptocurrency-based trusts are exchange-traded investment vehicles designed to provide exposure to crypto for traditional investors. The price of each trust roughly tracks that of the respective cryptocurrency, and Grayscale holds a significant amount of each coin or token within the trust. Investors do not own any actual cryptocurrency by investing in a trust, but they can potentially reap the benefits of its increasing value.

By creating the Grayscale Livepeer Trust, the firm is betting on the future of the LPT token: that it will increase in value over time, and that investors will want exposure to it. As of March 2021, Grayscale owns $8.5 million worth of LPT, but the success and growth of its Bitcoin Trust is any indication, the firm could amass significantly larger sums in time.

It seems like almost everything is #streaming these days. Don’t let your portfolio get left out. Learn more about gaining exposure to #decentralized video streaming platform $LPT with Grayscale #Livepeer Trust. https://t.co/CDx48v7HW7 pic.twitter.com/3EFcYOeO6X

— Grayscale (@Grayscale) March 20, 2021

The future:

Livepeer’s success will likely depend on its ability to scale to meet demand. If its distributed network can provide similar quality of service as centralized alternatives and do so at a fraction of the cost, then it could become a reliable option as Web3 apps and platforms grow in popularity. As of March 2021, it’s still a relatively small network, with some 47 transcoders connected to the network. Livepeer CTO Eric Tang tweeted in the same month that the service had transcoded more than 1.6 million minutes of video over the prior 30 days.

Over 1,600,000 minutes of original content created and streamed on the @LivepeerOrg network in the last 30 days. Creators + decentralization is unstoppable! pic.twitter.com/P1FolIKVQx

— Eric Tang ⚡️ (@ericxtang) March 6, 2021

However, Livepeer is not the only service attempting to use decentralization to solve the high costs of video streaming. Theta is the highest-profile service in the bunch, but it takes a different approach by using excess user bandwidth to help serve streams to other users, rewarding you with Theta Tokens in exchange for your bandwidth. VideoCoin, which describes itself as an “Airbnb for video,” is closer to Livepeer in approach; it distributes computing tasks across connected nodes on the network. There are also more general decentralized computing power-sharing networks that support video needs (like rendering), such as Golem.Theta Token Rises 17,000% in a Year, Cracks Top 10 CoinsA new token has seemingly boomed out of nowhere into the top 10 cryptocurrencies by market capitalization. Theta, which is up 17,000% in the past year, is now the ninth biggest crypto with a m…NewsCoinsMathew Di SalvoMar 23, 2021

Livepeer eventually aims to become fully decentralized, but is currently steered by the legal entity Livepeer Inc. that founded the network. A 2017 roadmap that the official Livepeer website FAQ now calls “slightly outdated” offers a high-level look at how the network may eventually scale and gradually shed its centralized elements.

Decentralized infrastructure services could prove to be very valuable as the Web3 market grows and matures. Grayscale is betting that Livepeer will be one of the services that helps transform the streaming video market, and that vote of confidence may well help it stand out from the pack and bring in more app developers who want to tap into its decentralized network.

Livepeer is supported by Coinbase:

What regions support LPT?

Crypto to fiat trading pairs

Crypto to crypto trading pairs

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for LPT?

LPT requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts LPT?

LPT is hosted on Ethereum. 

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001

Maximum: 50,000

By Andrew Hayward and Coinbase

What is Chiliz?

Chiliz ($CHZ) is a leading digital currency for sports tokenization, powering the world’s first scalable fan engagement & rewards app where fans can buy & trade branded Fan Tokens as well as vote in club-focused surveys & polls.

Chiliz.net is the world’s first cryptocurrency exchange for sports, allowing crypto-enthusiasts and traders to speculate and trade Fan Tokens.

What is the Token Ticker?

$CHZ

Will Chiliz have a public sale?

Chiliz raised all funds through private placement in 2018, meaning that there was not, & never will, be a public sale.

How much did Chiliz raise?

Chiliz raised just over $66 million through private placement in 2018.

Is Chiliz listed on exchanges? And if so, which one/s?

Yes, you can find the full list right here.

You can also buy $CHZ on Chiliz.net, the world’s cryptocurrency exchange for sports that allows sports fans and crypto enthusiasts to buy and sell official digital assets from some of the most recognizable brands in the sporting world.

What is the total supply of $CHZ?

8,888,888,888 $CHZ (8.8 Billion)

What is the circulating supply of $CHZ?

You can view the circulating supply of $CHZ here.

Do you have Official Telegram Channels?

Yes, our official Telegram channels are as follows:

English — https://t.me/chiliz_io

Japanese — https://t.me/chilizjapan

Turkish — https://t.me/ChilizTurkey

Korean — https://t.me/ChilizKR

Chinese — https://t.me/chilizchina

What is the relationship between Chiliz & Binance?

$CHZ is listed on Binance, and Binance is also a strategic investor in Chiliz.

Can I work at Chiliz?

Are you passionate about sports? Or blockchain technology? Or both? If you think you’ve got what it takes to join the team, please check out our careers page here

What is Socios.com?

Socios.com is the world’s first fan influence and rewards platform that helps sport entities achieve digital transformation through blockchain technology. Socios.com is powered by the Chiliz token ($CHZ), both an ERC20 utility token on the Ethereum blockchain and BEP-2 token on Binance Chain. Fan Tokens are specific to a team or a club, and are a finite, digital asset that provides access to an encrypted, immutable ledger of voting and membership rights ownership. The tokenized fan-voting platform uses Fan Tokens, which operate on a separate permissioned side chain. The Fan Tokens are limited in number, and are fungible, meaning their ownership can be traded, and their price is driven by the market. The venture was inspired by the fan-led management frameworks or ‘socios’ of some major football clubs. Dubbed ‘Socios 2.0’, the platform simply represents the digitisation of this model of management.

Why would football clubs, esports teams and other gaming organisations partner with Socios.com?

Socios.com is building a global community of sports fans, united by their passion for the game and their passion for their team. Using innovative technology, we’re creating a closer connection between the fans and the clubs by supercharging the way they interact with their team. Through Socios.com, supporters are able to directly influence club decisions. From choosing merchandise designs, in-game banners, naming a training ground or even choosing a goal celebration song, fans vote through Socios.com and whatever the outcome, the club will honour the decision of the fans, all while earning rewards and once-in-a-lifetime experiences.

Which organisations has Socios.com partnered with?

Socios.com has partnered with Paris Saint-Germain, Juventus, OG, AS Roma, Club Atlético de Madrid, Galatasaray, Club Atlético Independiente , FC Barcelona, Team Heretics, UFC, Apollon Limassol, Trabzonspor, Young Boys, Sint-Truidense V.V., PFL, Novara Calcio, NAVI, İstanbul Başakşehir, Team Alliance, Universidad de Chile and AC Milan who have hundreds of millions of fans worldwide, with more clubs and teams to be announced in due course.

How does a team, league, club etc join the Socios.com platform?

If you’re a team/club or league and are interested in joining Socios.com, please contact us on partnerships@socios.com

Does Chiliz have any competitors?

Despite more and more companies entering this space, Chiliz is already more than two years-old, has a product, thousands of users and unrivalled partnerships with some of the biggest names in the sporting world.

How up-to-date is your whitepaper?

Our whitepaper is modified and updated according to business needs. The history of modification is always included on the last page.

How do you plan to use your advisors & shareholders?

We have focused on securing advisors who will help us to develop the business, design our products and services and to build our network.

Technological FAQ

Why did you choose to use blockchain technology?

For us, blockchain was the most practical and eloquent way to unite the needs of maintaining voting integrity and transparency with turning voting rights into an ‘ownable’ commodity. The Chiliz token ($CHZ), is both an ERC-20 utility token on the Ethereum blockchain and BEP-2 token on Binance Chain. The tokenized fan-voting platform uses Fan Tokens, which operate on a separate permissioned side chain. The Fan Tokens have a finite supply and are fungible, meaning their ownership can be traded, and their price is driven by supply & demand in the market. Fan Tokens are specific to a team or a club, and are a finite, digital asset that provides access to an encrypted, immutable ledger of voting and membership rights ownership.

Will the Chiliz token be ERC-20 and be available on the main Ethereum network (Main Net)?

Yes, Chiliz is an ERC-20 token, available on the main Ethereum network. ERC-20 is a token standard which describes the functions and events that an Ethereum token contract has to implement. Most of the major tokens on the Ethereum blockchain are of the ERC-20 token standard.

Ethereum blockchain is permissionless. Can it work for permissioned set-ups?

Ethereum supports the Proof-of-Authority consensus mechanism. Proof-of-Authority (POA) is an alternative to Proof-of-Work, which can be used for permissioned chain set ups. POA does not depend on nodes solving arbitrarily difficult mathematical problems, but instead uses a set of ‘authorities’ — nodes that are explicitly allowed to create new blocks and secure the blockchain. The chain had to be signed off by the majority of authorities, in which case it becomes a part of the permanent record.

How do you plan to develop the ‘Votes Token’ on the permissioned chain?

There are a lot of similarities between Fan Tokens and any cryptocurrency token — both are tokens created in an Ethereum blockchain for example, in the main Ethereum network for the Chiliz token and in the Chiliz permissioned sidechain for Fan Tokens. You can view the block explorer for the Chiliz sidechain here. But the similarities don’t end there — there will be a limited supply of Chiliz; they can be owned; they can be transferred from one owner to another; they are fungible; and they have a price driven by the market. For all those reasons, Fan Tokens are minted on the Chiliz permissioned chain.

Permissioned chains are known to be chains used by R3, IBM, and others. Is there a reason to make it a private chain rather than a public chain?

There are two main reasons. Firstly, a private chain is governed by a Proof-of-Authority consensus mechanism, which is less intensive from a computational perspective than Proof-of-Work mining, which provides security but requires intensive computation. POA consensus also provides lower transaction acceptance latency. Secondly, it solves the problem with the associated cost of GAS, if we had to record all the information we intend to store in the Main Ethereum network. In our sidechain, we can control Ether supply and use it to pay the GAS for each transaction at a negligible cost for the company.

Please let us know about the advantages and disadvantages of a permissioned chain.

A POA chain is more secure (an attacker with an unwanted connection or hacked authority cannot overwhelm a network potentially reverting all transactions), less computationally intensive (Proof-of-Work mining which provides security requires lots of computation), more performant (Proof-of-Authority consensus provides lower transaction acceptance latency) and more predictable (blocks are issued at steady time intervals).

How experienced is your development team?

Our team has more than 20 years of web and platform development including major gaming and payments solutions. We embrace blockchain technology, like any other technology we have used in the past.

Will you only focus on mobile, or web too?

The Socios.com platform is currently available for mobile users on both Android and iOS and a desktop version is currently being worked on. You can download the Socios.com app from here. The Chiliz.net exchange is ALSO available on both Android and iOS and can be downloaded from here.

Is it possible to disclose regular business and blockchain development progress?

We have always been very transparent in reaching our milestones, and sharing our journey with the community, whilst still retaining commercial confidentiality, and we will continue to do this. However, we of course have to be careful that the information we share cannot be used by potential competitors in the future. We also have regular updates on our Medium channel as well as regular live AMA’s by our CEO Alexandre Dreyfus streamed on our Youtube channel.

Is there precedent for having fan controlled teams and events. Has the idea been shown to work?

In conventional sports, as mentioned above, the notion of having a large number of fans either direct top level management decisions, or — going a step further — owning small pieces of the teams they love — has existed in many different forms. In fact Socios.com is inspired by the ‘socios’ or democratic management frameworks of clubs like Real Madrid, FC Barcelona, FC Bayern Munich and even the Green Bay Packers that are the only publicly owned franchise in the NFL.

What products support CHZ?

What regions support CHZ?

Crypto to fiat trading pairs

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for CHZ?

CHZ requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts CHZ?

CHZ is hosted on the Ethereum.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001

Maximum: 900,000

By Chiliz and Coinbase

SUKU is an Ethereum token that powers the SUKU Platform, a blockchain-based ecosystem that aims to make supply chains more transparent. SUKU tokens can be used for platform governance and to reward users and SUKU node operators. SUKU Platform is also developing applications for DeFi lending and NFT marketplaces.

Supply chains run the world, but they are becoming increasingly complex, functionally limited, solied, and in need of innovation. Logistics costs are deterring businesses, companies are faced with fragmented supply chains, and millions of fraudulent products continually find their way into global markets. These challenges also lead to more serious consequences affecting the globe, such as food sourcing problems and inhumane working conditions.

SUKU is a blockchain-based ecosystem that aims to make supply chains more transparent, efficient, and accessible by offering a supply-chain-as-a-service platform to enterprises and consumers. With its intention to enhance supply chains across industries, the SUKU Platform utilizes an on-demand, open software distribution model, consisting of applications and services that are used by SUKU Trading Partners and built with SUKU Technology Partners.

Imagine a digital supply chain ecosystem that enables transparency across partners, efficiency individually, and access to technology – SUKU plans on delivering this new model.

Which products support SUKU? 

What regions support SUKU? 

Crypto to fiat trading pairs

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs 

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for SUKU?

SUKU requires 35 network confirmation. Learn about transaction confirmations.

Which blockchain network hosts SUKU?

SUKU is hosted on Ethereum. 

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001 SUKU

Maximum: 500,000 SUKU

By Coinbase

Badger DAO is a decentralized autonomous organization (DAO) that enables bitcoin to be used as collateral across decentralized finance (DeFi) applications. 
 
Over the course of 2020 and the first half of 2021, the estimated 1,000 bitcoin — in the form of synthetic BTC derivatives — being used on the Ethereum network ballooned to more than 250,000 bitcoin as a direct result of DeFi’s meteoric rise in popularity. While DeFi first emerged on the Ethereum network, other blockchains such as Polkadot and Solana have gained in popularity and also serve as underlying platforms for many DeFi projects. 

In response to this increasing adoption of DeFi, Badger was built to serve a growing need for the use of bitcoin in DeFi applications on these various blockchain networks. 

Badger’s first product, Sett Vaults, allows users to earn yield on their synthetic BTC assets. Digg, Badger’s second product, is software that manages the DIGG token, an elastic-supply cryptocurrency pegged to the dollar price of bitcoin. 
 
BADGER is an Ethereum-based token used for protocol governance and distribution of rewards within the Badger DAO. Although BADGER originally allowed holders to only vote on project proposals, it has since grown in utility and is now used to distribute rewards to those who manage the Sett Vaults. 
 
See Badger DAO’s news section to keep up to date on new developments.

Who created Badger DAO?

Badger was founded in September 2020 by Chris Spadafora, Ameer Rosic, Albert Castellana, and Alberto Cevallos. When building its DAO infrastructure, the Badger team collaborated with dOrg, a company that specializes in building DAO-related software. 
 
Among other accomplishments, Spadafora is the creator of the Crypto COVID19 Charity Poker Tournament, Rosic is a serial entrepreneur and cofounder of Blockgeeks.com, and Castellana is a cofounder of StakeHound. Spadafora and Rosic are currently part of the Badger operations team while Castellana and Cevallos have taken advisory roles in the project.

How does Badger DAO work?

Badger functions primarily as a DAO. Anyone who holds its governance token, BADGER, has the ability to vote on proposals set forth by members of the community. The more BADGER a user owns, the more voting power they have and proposals that garner enough votes from the community are put into effect on its platform.
 
Badger has integrated multiple DeFi products into its platform to help make bitcoin a usable asset across blockchains. The development team has partnered with other DeFi projects such as Yearn,  Ren, and Curve to bring these products to life.
 

SETTs

Also known as Sett Vaults, SETTs are pools of tokens where users can lock up their tokenized bitcoin and allow smart contracts to manage their holdings to generate a yield. In other words, SETTs are Badger’s version of an automated DeFi aggregator.
 
When users deposit tokens into a SETT, they receive bTokens in return. For instance, if users deposit BADGER in a Sett Vault, they would receive bBADGER in return. These bTokens are interest-bearing tokens that represent the user’s share of the assets in the SETT and can be used as collateral in various DeFi applications. Anyone that deposits in a SETT will receive yield paid out in the appropriate token (based on the parameters laid out in that specific SETT) along with BADGER tokens. BTokens can then be traded back for the original asset along with any earnings (minus a fee).

DIGG

DIGG is a decentralized “elastic-supply” cryptocurrency, pegged to the price of bitcoin. 

Digg’s software programmatically adjusts the supply of its DIGG cryptocurrency through smart contracts that expand or contract the circulating DIGG supply in response to fluctuations in the price of bitcoin.

If demand for DIGG is high, the price of each token may exceed the price of one BTC so the Digg protocol automatically increases the supply of DIGG to bring its price back down in line with the market price of BTC. If the demand is low, the Digg protocol automatically decreases the supply of DIGG to have the inverse effect. The process of programmatically adjusting supply to change an asset’s price is called ‘rebasing’ and is applied across all wallets that hold DIGG tokens.

While the supply of DIGG is constantly changing in an “elastic” fashion, a token holder’s proportion of the total supply of DIGG remains stable. In other words, if you held 1% of all DIGG tokens before a rebasing event, you would still hold the same percentage of coins after the rebasing.

DIGG can be used in DeFi protocols just like any other token, and can also be deposited into SETTs to generate a yield for its holders.

Which products support BADGER? 

What regions support BADGER? 

Crypto to fiat trading pairs

Crypto to crypto trading pairs 

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for BADGER?

BADGER requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts BADGER?

BADGER is hosted on Ethereum. 

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001 BADGER

Maximum: 5,000 BADGER

By Kraken and Coinbase

Founded as an open-source project in 2017, IoTeX is building the world’s leading privacy-centric blockchain platform for the Internet of Things (IoT). Their mission is to build a decentralized trust fabric for a new era of collaboration and data exchange among devices, applications and people. Backed by a global team of research scientists and top engineers, IoTeX combines blockchain, trusted hardware and edge computing to realize the full potential of IoT.

IoTeX & Internet of Trusted Things

IoTeX began our journey in 2017 to build the Internet of Trusted Things, where all physical and virtual “things” — humans, machines, businesses, and dApps — can efficiently exchange information and value at global scale. Throughout the past two years, we built IoTeX from scratch and devoted ourselves to delivering new innovations to the blockchain industry. This is manifested in Mainnet Alpha, which delivers a state-of-the-art Root Chain on which new Layer 2 chains, tokens, dApps, and businesses will be launched.

The IoTeX Mainnet serves as the origin for the Internet of Trusted Things. Our vision is much more than just adding trust to today’s IoT devices. Rather, by acting as a decentralized trust fabric for ALL physical and virtual things, IoTeX will drive end-to-end trust throughout the entire information life cycle, including collection, transport, storage, and utilization. This means data and assets can be shared by all types of “things”, enabling new decentralized business models involving humans, machines, businesses, and dApps:

• Humans can seamlessly transact with machines in new sharing economy and data-as-a-service use cases
• Machines can interact directly with other machines to power decentralized autonomous organizations (DAO)
• Businesses can collaborate with other businesses to achieve new levels of collective intelligence and impact
• Humans, machines, and businesses can access trusted dApps to perform various processes/tasks with full data privacy

The Internet of Trusted Things will change the world; however, it takes a special kind of blockchain to bring this vision to reality. IoTeX is the only blockchain platform capable of powering the Internet of Trusted Things. From Day 1, we made upfront design decisions to tailor fit IoTeX to support data privacy, trusted computing, large-scale IoT, interoperability, and big data use cases. By serving as the infrastructure to unify all “things”, IoTeX will power the new decentralized economy.

What is Mainnet Alpha?

Mainnet Alpha introduces the Root Chain, which is a robust foundation for future Layer 2 (L2) chains and dApps. As the manager of all L2 chains, the Root Chain utilizes Roll-DPoS consensus to guarantee security, reliability and transparency. The Root Chain provides P2P networking and consensus resources, which are leveraged by all L2 chains in the IoTeX Network. The Root Chain will allow developers to spin up custom L2 chains just as they would a new instance on Cloud! Cross-chain communication is also enabled by the Root Chain, which allows L2 chains to interoperate.

The safety-oriented Root Chain acts as a launchpad for various L2 chains, which are meant to be flexible and fit-for-purpose. L2 chains can be created with distinct crypto-economics and architectures to satisfy specific use cases: permissioned vs. permission-less, storage vs. micro-transaction focused, privacy vs. transparency-centric. The first L2 chain (codename: “AvoChain”) focused on privacy and trusted computing will be launched in Q2 2019.

Key components that have been released in Mainnet Alpha include:

• Roll-DPoS Consensus: IoTeX’s in-house consensus mechanism is a variant of Delegated Proof of Stake (DPoS), which delivers higher scalability without sacrificing decentralization or security. Roll-DPoS randomly selects 24 of the top 36 community-elected Delegates using distributed key generation (DKG) + BLS signatures. New Delegates are randomly selected every epoch (one hour) to ensure high security and hardware efficiency.
• Ethereum-to-IoTeX Bridge: until the IoTeX Gravity Chain (governance layer) is launched in Q3/Q4, governance tasks (e.g., staking/voting) will be run on Ethereum. To facilitate this cross-network interoperability, we built a first-of-its-kind decentralized bridge between IoTeX and Ethereum, where the status of Ethereum staking/voting smart contracts instruct the IoTeX blockchain to perform Delegate swaps based on live voting results.
• Extensible State transitions: IoTeX’s state transition component is designed to be extensible, meaning a subprotocol can be conveniently plugged in to support certain state transitions (e.g., confidential txns) without disrupting performance/security. As of now, there are five subprotocols implemented in Mainnet Alpha:

• EVM-compatible execution unit: Mainnet Alpha uses Ethereum Virtual Machine (EVM), which is widely used by blockchain developers. Existing EVM-based dApps can be ported over to the IoTeX Network starting now! In the future, we will use EVM as a standalone execution unit for edge devices and develop an in-house IoTeX Virtual Machine, interpreter, and corresponding programming paradigms for decentralized computing.
• SDK and explorer: to ensure a great developer experience, we provide the latest tech stack in the industry. dApps can interact with the IoTeX blockchain using our SDK (iotex-antenna) via gRPC. Developers can also create/unlock accounts, prepare smart contracts, and query the chain with GraphQL via our explorer (iotexscan). We use typescript to support type check and type annotation for ease of use and engineering quality.

IoTeX Native Token & Utility

The launch of Mainnet Alpha also marks the official launch of the IoTeX native token. The IoTeX native token is a utility token, which will be used in both the Root Chain (orchestration layer) and Gravity Chain (governance layer) for the following purposes:

• Decentralized governance: staking/voting for Delegates, Delegate rewards and slashing, and network-wide votes/referendums (i.e., changes to rules, parameters, protocols)
• Gas fees: running transactions and executing smart contracts on the IoTeX Network. One novelty is that gas fees are collected as a “tax” and then pooled/distributed to block producing Delegates
• Bond/operation costs for L2 chains: to provision a Layer 2 chain, one must stake tokens on the Root Chain as bond and pay for operational costs. Each L2 chain may have its own crypto-economics and tokens, but will pay “registration costs” to leverage Root Chain resources.

Token Swap: Native & ERC20

The new IoTeX native token and existing IoTeX ERC20 token will co-exist for 3–6 months (until Gravity Chain launch in Q3/Q4 2019). For now, the ERC20 token will be used for staking/voting on Ethereum and will be tradable on exchanges (i.e., Binance, Bittrex, Upbit), while the native token will be used for running transactions and smart contracts on the IoTeX Network.

After the launch of Gravity Chain in Q3/Q4 2019, we will facilitate an official ERC20-to-native token swap via mainstream exchanges. Until then, options for token holders to two-way swap their tokens 1:1 include:

• ERC20-to-native: leverage our Ethereum-IoTeX bridge to swap via smart contract — just send ERC20 tokens to an Ethereum smart contract and the corresponding amount of native tokens will be sent to your IoTeX address
• Native-to-ERC20: use our micro-service iotex-tube — just send your native tokens to a specific IoTeX address, and corresponding amount of ERC20 tokens will be sent to your ETH address.

IoTeX Delegates & Staking/Voting

The IoTeX Network uses Roll-DPoS consensus, where Delegates are elected by token holders to run consensus on behalf of the entire network. The primary role of a Delegate is to help grow and maintain the network by providing robust node infrastructure, maintaining high server uptime, collaborating with other Delegates to run consensus, and contributing to various network initiatives.

IoTeX uses a unique staking/voting process managed completely by smart contract. As such, there is no centralized entity that can manipulate voting results — it is fully decentralized as all voting should be! In the IoTeX Network, 1 token = 1 vote and voters can also get bonus votes by setting a pre-defined stake duration (bonus curve). For more information on the voting process, please see our all-in-one Voter Handbook.

There are currently 50+ IoTeX Delegates from 20+ countries, including developers, community, media, universities, enterprises, and funds/VCs. Also included are experienced node operators from other PoS/DPoS networks, such as EOS, Tezos, Tron, Lisk, and IOST. With such a diverse, committed, and experience group of Delegates, we are confident that the IoTeX Network will be able to evolve efficiently and sustainably.

Voting for Delegates began on March 11, with a goal of having 20% of the total circulating supply (~500 million IOTX) staked/voted to bootstrap the Mainnet. This goal was met within one week, a testament to our highly committed community! With one week left until Mainnet Alpha, there are now >750 million tokens staked/voted (~30% of the circulating supply). If you haven’t voted yet, vote today on the official voting website!

The Future of IoTeX

IoTeX is and always will be 100% open source — an experiment in mindshare and collaboration, where the whole is greater than the sum of its parts. The launch of Mainnet Alpha represents a new era of IoTeX, with community-driven development and teamwork as top priorities. We can’t wait to see what you will build on the IoTeX Network!

Mainnet Alpha is just a start — the grand design of IoTeX is a multi-layer architecture comprised of hierarchical blockchain layers with unique duties: Gravity Chain (governance), Root Chain (orchestration), and Layer 2 chains (operation/execution). Additional layers will be released throughout 2019, with the first Layer 2 chain in Q2 and the Gravity Chain in Q3/Q4. For more details, please see our post on The Grand Design of IoTeX.

As shown in our roadmap, 2019 will be an action-packed year for IoTeX. With a robust Root Chain foundation in place, the next steps of adding new L2 chains (i.e., trusted computing, IoT device hub), open source tools (i.e., SDKs, explorers, wallets), and dApps/services (i.e., DEX, stable coins, oracles) will involve the entire IoTeX developer and user community. Let us celebrate this major Mainnet Alpha milestone together and look forward to the journey ahead — let’s build the future together!

What products support IOTX?

What regions support IOTX?

Crypto to fiat trading pairs

Crypto to crypto trading pairs

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for IOTX?

IOTX requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts IOTX?

IOTX is hosted on the Ethereum blockchain.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: 0.000000000000000001

Maximum: 6,544,503

By IoTeX and Coinbase