PERA token ICO is already available – DeFi market wrap
Pera Finance launched its native token PERA today. The ICO will continue during the two days. Pera is a groundbreaking decentralized yield farming and trading protocol. The founders have designed it to satisfy the supply-demand equilibrium throughout the protocol. They planned to achieve that by rewarding PERA Liquidity Providers, PERA Traders, PERA Holders, and PERA Stakers in a unique way.
Pera Finance rewards customers according to their contribution to the ecosystem. In addition, the company uses different yield strategies. As a result, users are rewarded for providing liquidity, stability, and volume. Furthermore, the protocol combines a fully decentralized trading competition with emission-based inflationary and transaction fee-based deflationary yield farming methods. All in all, it creates a versatile and sustainable DeFi platform.
According to the company, every on-chain PERA transaction (trade, transfer, or liquidity addition/removal) will generate a 2 % transaction fee. The platform will distribute all transaction fees to PERA Holders, Liquidity Providers, and Traders as deflationary rewards.
Daily emission is currently 70.000 PERA. The company is distributing all emission rewards to Liquidity Providers and PERA Traders as inflationary rewards. It also hopes that Trading Protocol will bring multi-asset yields to the company through ecosystem partnerships.
What advantages does Pera Finance offer?
PERA smart contract’s sorting algorithm design is unique. It enables trader-oriented yield farming protocol’s new type. And the latter rewards PERA traders for generating volume, which is the first in the decentralized finance space. This protocol has one of a kind filter-and-sort approach that brings high performance and low gas sorting solution.
Furthermore, the PERA token is another proof of concept of Pera Finance’s Trading Protocol which aims to extend the company’s unique approach and services to the whole DeFi space. PERA’s scalable and modular sorting solution opens a new era for the DeFi projects and DEXes for a more robust and sustainable ecosystem.
In the DeFi space, yield farming rewards are typically created to boost supply-side liquidity via unsustainable deflationary or inflationary mechanisms. However, Pera Finance offers a hybrid farming mechanism. The latter rewards demand-side liquidity while allowing yield farming for traders.
Shrew token’s ICO is becoming hotter
Shrew isn’t what it looks like when you first hear about it. The name stands for SHopping REWards. This company aims to revolutionize rewards points. And it plans to achieve that by building a community-backed platform that will offer a universal rewards token. Shrew wants to “create one token to rule them all.” You may think of the Lord of Rings. There was “one ring to rule them all.” However, Shrew’s statement refers to DeFi space and not to Tolkien’s world. While it seems pretty ambitious, the company may well have the reason for it.
The loyalty rewards market is one of the least technologically advanced but most entrenched sectors within traditional commerce. The industry here teems with ineffectiveness, inefficiency, and disregard for customer benefits at the expense of the firms offering rewards. Along with the growth prospects, the rise of blockchain and cryptocurrency technology, and vast internet adoption, Shrew’s team sees an enormous opportunity to capture a significant share of the market.
They plan to create the largest loyalty rewards platform worldwide, which will have a universal token. Users will be able to exchange or use this token like any other currency. Thus, the company will democratize the reward points industry for all consumers and merchants.
Furthermore, Shrew will launch its app. The latter will combine a number of key features to give users various benefits over traditional loyalty rewards program providers. According to the company, these key features are E-Wallet, Ubiquity, Debit Card, and QR Code.
How will the Shrew App work?
The app will provide users with an e-wallet to deposit, store and transfer their fiat balances. It will also be available on Android, iOS, and as a web app, thus giving customers ease of access and convenience everywhere worldwide.
A physical and virtual debit card will make it easy to earn and spend SHREW tokens without the need for other loyalty rewards or payment cards. The token holders will be able to view, exchange, transfer, and spend their SHREW tokens.
Furthermore, the company will offer a unique QR code to each customer. As a result, they will be able to earn SHREW right from the app easily. And lastly, integration with GooglePay and ApplePay will make it easy to earn and pay SHREW without needing anything more than the Shrew app.
Meanwhile, PYR token ICO continues
Vulcan Forged began as a small digital art NFT platform, but it soon grew into a multi-dApp platform, launchpad, game studio, and a top 5 volume NFT marketplace. It is now the busiest client on the VeChain Network and rapidly moving from a few users to thousands with almost $3m in NFT trading volume. VulcanVerse, its fantasy decentralized universe, is backed by award-winning studios and fighting fantasy authors. It sold out in days and has entered alpha gameplay already.
Furthermore, Vulcan Forged boasts removing gas and crypto for game developers who are using its platform. It also offers support to any third party with an interesting idea who plans to turn it into reality. Some of the platform’s community members have begun creating their games with ground-up support, including Block Babies, Coddle Pets, and GeoCats.
The company decided to issue its own token to develop its ecosystem further. It will also sell the digital tokens for the ILO. According to the Vulcan Forged, Singapore-based Vulcan Foundation will be the governance and public-facing entity. It will provide the platform for marketing, overseeing game development, community development, and overall operations.
What about the token?
Vulcan Forged launched its PYR token’s ICO on March 20, 2021. The end date is TBD thus far. This native utility token is a transferable representation of attributed functions, specified in the platform’s protocol. It is also cryptographically secured. The team designed PYR to use it solely as an interoperable utility token on the platform and across various game environments.
PYR is the native platform currency. So, it will play the role of the settlement medium, gaming, and staking utility token within the whole Vulcan Forged ecosystem.
Customers will be able to purchase assets of VulcanVerse from PYR token rewards. The platform will move 10% into the reward pools for distribution to ecosystem contributors for every PYR transaction.
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