Algoblocks introduced ALGOBLK token. AITECH’s ICO ends soon
AlgoBlocks is an interesting ecosystem. It aims to simplify the manual progress for customers to enable them easy interacting with the existing Defi protocols across different blockchains. Over the last several years, distributed ledger technologies have led to a blooming Defi space while also increasing the disruption of the traditional financial institutions. Part of this disruption is through a rising interest rate of a considerable higher return on the invested virtual assets or through services that can only exist within the blockchain realm.
The Defi space offers a universe of different products or services. However, the AlgoBlocks team has observed a low number of users compared to the blockchain users’ total number. For example, if you compare the number of users active on the centralized crypto exchanges such as Binance or CoinBase, the numbers are well beyond 50 Million active customers. But, the numbers dwell in comparison to approximately 3 Million users within the Defi space.
Based on its research and discovery, the AlgoBlocks team found that even simple tasks like bridging and staking seem intimidating for most crypto users. Most of the products are attempting to remove this friction in the Defi experience through aggregation. However, aggregating multiple Defi products or services doesn’t eliminate the need to have the technical knowledge to know how to use them or lower the entry barrier.
That’s why this company wants to create an Ecosystem where a layer of smart contracts abstracts all the manual steps. Such an approach will eventually remove the technical know-how barrier, making it easier for people to interact with the existing Defi protocols.
What about the ALGOBLK token?
The team plans to launch its native utility token ALGOBLK on April 7, 2022. The sale will end on April 8, 2022. ALGOBLK is an ERC20 token. Its price will be 0.1 USD during the initial coin offering. The company aims to raise 4,136,000 with the sale. The total supply of tokens is 188,000,000, but only some percentage will be available at this stage.
AlgoBlocks plans to introduce All in One Dashboard to its users. Once the customer connects their wallet, the company will provide them with a suite of services. It will offer users not just surface information of their crypto holding but also actionable intelligence. Furthermore, they will be able to view all their tokens in their connected wallet, along with various smart token metrics that will help users to make intelligent decisions with their crypto. People will also be able to track and share watchlists of their invested or favorite tokens.
The team will make sure that users will deal with real-time gas prices. They will even receive intelligent alerts on unusual or significant movements of the token they hold. That will be like a combined “Whale Alert” and “Token Buy / Sell Signals.” This platform wants to simplify the process of swapping tokens and investing in liquidity pools for users. As a result, investors will earn yield easily.
What does this platform offer?
AlgoBlocks has chosen the two trade flows (Swapping and liquidity) for its MVP, considering that these were the two top actions most requested from its target users. Customers won’t even need a token pair to invest in a liquidity pool. The platform can swap the absent/deficient token for them.
For example, if a user needs to contribute USDT and TRX into a liquidity pool but only holds USDT, the company can automatically swap their USDT to TRX for them to contribute to the pool. AlgoBlocks will enable customers to visualize the entire swap or add liquidity process. It will let them know exactly what they will pay in crypto and fiat denominations.
Moreover, the company will automate smart contracts behind the scenes. Thus, it will require much fewer steps to achieve its goals. Users will be able to make transactions on multiple chains without having to worry about having enough gas tokens for that chain. They can simply use ALGOBLK tokens.
According to the team, one of the AlgoBlocks’ key features is the ability to use pre-programmed algorithmic templates of interactions with a Defi product without going through several steps to execute an action. The team encourages its users to create and save their interactions. It can then publish them on the platform as an AlgoBlock. On the other hand, customers can use AlgoBlocks made by the company or by the community to trade, swap, and farm crypto.
Users will also be able to save the AlgoBlocks for future use or publish them to share with the community for free. Or they can earn a fee every time whenever someone else uses their AlgoBlocks.
Solidus AI Tech’s ICO sale will end soon. You don’t want to miss it
AITECH is the Artificial Intelligence utility token. It enables governmental authorities, megacorps, SMEs, and professionals to purchase AI services seamlessly via its future launch Infrastructure-as-a-Service (IaaS) platform.
The company planned several stages of its native AITECH token’s ICO sale. The last one started on March 1, 2022, and it will end on April 30, 2022. This token is very high-ranking on various ICO listing platforms. It is also currently trading for 0.0000017 ETH per AITECH, but the price will increase after the initial coin offering ends. The total supply of the tokens is 1000000000.
Solidus Technologies was established in 2017. This Ethereum mining organization launched Solidus AI Tech. It is now finalizing the internal build of its Eco-Friendly High-Performance Computing (HPC) Data Centre & Infrastructure-as-a-Service (IaaS) platform. The latter will enable megacorps and governmental authorities, along with other users, to purchase Artificial Intelligence services. However, they will have to use the AITECH token.
The team is a strong supporter of the “Crypto Climate Accord,” which focuses on decarbonizing the crypto industry. Solidus’ mission is to build a solid community that will support the platform throughout its journey to success. Meanwhile, the company will also reward its community for support.
The token holders will be able to participate in staking and purchase AI services when the Infrastructure-as-a-Service platform launches. They can also hold or sell the tokens on the exchange for liquidity.