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Swarm is on CoinList, while Binance listed NU – Market Wrap

CoinList added Swarm Token on its platform today. The exchange announced about it on Thursday. The registrations for the Swarm Token Sale are already open. However, the sale begins on June 14, 17:00 UTC. The deadline to register is June 11, 12:00 UTC. Swarm is a system of peer-to-peer networked nodes creating communication service and decentralized storage. CoinList invited all its eligible users to register.

According to the platform, the sale has two options with different terms: the first option will run from June 14, 2021, to June 15, 2021, and the second option will run from June 15, 2021, to June 16, 2021.

However, both of them share the same BZZ token pool. In addition, CoinList noted that Option 2 would occur only if there are excess tokens from Option 1. Thus, eligible users will register for both options by registering for the sale. The two options will also have separate, independent sale queues.

What does Swarm offer to the investors?

Swarm aims to create a decentralized storage and communication service. Its system is self-sustaining thanks to a built-in incentive system. The latter is enforced through smart contracts on the Ethereum blockchain.

Swarm’s goal is to shape the future towards a self-sovereign global society, as well as permissionless open markets. The company focuses on dApp developers, enterprises, organizations, and activists on every blockchain. Its use-cases include blockchain, social media dApps, archives, free press, and DeFi data.

Swarm offers several interesting advantages to its clients. Its data is readily accessible due to erasure coding and cross-node replication. Specifically, the company divides data into pieces and stores it redundantly throughout the network. This redundancy provides continued data delivery even when nodes go offline.

Furthermore, all node operators participate in a fair data economy. That means no central party controls or monetizes data. Instead, customers own their data, and node operators ensure the integrity and availability of this data.

Users also pay for storage and communication on their own terms instead of having their data sold to cover costs. Besides, BZZ tokens motivate node operators to run and maintain network nodes.

Binance has also listed NuCypher (NU) token. The trading begins today

Swarm is on CoinList, while Binance listed NU – Market Wrap

Binance announced today that it would list NuCypher (NU) on its platform. The exchange will also open trading for NU/BTC, NU/BUSD NU/BNB, and NU/USDT trading pairs on 2021-06-04. NuCypher is decentralized encryption, key management system (KMS) and access control, encryption service for public blockchains. It offers users end-to-end encrypted data sharing on public blockchains, along with decentralized storage solutions.

NuCypher allows users to share private data among the specific number of participants in public consensus networks. The platform uses proxy re-encryption (PRE) technology for that purpose. Thanks to the decryption technology, NuCypher highly secure. According to the company, it is also much more protected than traditional blockchain projects based on public-key encryption.

NuCypher has recently launched its native token, NU. The company uses them to incentivize NuCypher network participants to perform key management services, as well as access delegation/revocation operations on the network.

Furthermore, token holders can use the NU for staking and run a NuCypher worker node with them. The network is protected against malicious staking. It will automatically slash a suspected customer’s rewards.

Investors can also use NU on the network if they want to participate in the NuCypher DAO. The latter is the protocol that controls network parameters, as well as smart contract upgrades on the network. In addition, customers who stake these tokens can also participate in validating DAO proposals.

Mikhail Egorov and MacLane Wilkison co-founded NuCypher. They published its white paper in June 2017. However, the testnet launched in November 2018.

What makes NuCypher stand out among other similar platforms?

Most blockchain projects are designed to serve customers, IoT operations, better transactions, voting mechanisms, and the like. However, the NuCypher team created it for other blockchains. This network is a privacy layer for blockchains.

The company also provides a privacy infrastructure for the decentralized web with fully homomorphic encryption (FHE) and proxy re-encryption (PRE) technologies.

Using this network, customers can conditionally grant or revoke access to data with multiple users at a time. Furthermore, NuCypher’s encryption service provides the highest level of security for sensitive data transfer. It combines this with the censorship-resistant and trustless nature of conventional public blockchains.

Mozik plans to launch its ICO soon. What does it offer?  

Mozik announced that it plans to launch its native token on June 6, 2021. It is a decentralized music NFT platform that attracted a lot of interest in the market. Mozik facilitates direct transactions between artists and fans. It also enables people to distribute and monetize any music or celebrity-related NFTs.

The company decided to release the MOZ token to give its users additional benefits. MOZ is the platform’s utility token. Customers can use it for staking to unlock features such as participation in exclusive music events. They can also have access to purchase limited-edition NFTs and pay fees for storing content and processing transactions. In addition, MOZ owners can participate in protocol governance voting.

According to the company, a total of 5,000,000 MOZ will be available for sale during the initial coin offering. The price will be $0.02 per token. The platform will accept BUSD in exchange for MOZ. Mozik plans to raise $100,000 during the ICO.

While there are many new protocols on the DeFi market, we don’t come across music-oriented ones very often. However, the music industry and especially the online music delivery business, has great potential. There are some rough edges in need of smoothing, though. For instance, large players like Tencent, Alibaba, and Apple control the industry. They use their status to maximize their own profits and, as a result, take power away from individual artists.

Besides, online music works are easily reproducible. Piracy is rampant in this industry because it’s difficult to protect the rights of the pieces. As a result, creators’ interests are harmed. Standardized copyright transactions are also difficult due to the lack of a unified online music trading platform.

How is Mozik going to solve these problems?

First of all, the company plans to introduce tokenized IP so that artists could choose to monetize the ownership of their content. They will also be able to sell it to fans and traders on the open market. Besides, the rights can be fairly split between composers and producers, as well as the platform itself.

The platform can also steer customers towards discovering and promoting fresh talent by using MOZ tokens to incentivize interaction with trending and new artists.

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