Vega launched ICO on Coinlist. FOLD and UCoin available
Vega is a proof-of-stake blockchain. Built on top of Tendermint, it enables investors to trade derivatives on a decentralized network, offering comparable experience to centralized exchanges.
The network will facilitate fully automated, end-to-end margin trading, as well as execution of complex financial products. Vega enables users to build decentralized markets using its protocol from anywhere around the world.
Vega aims to build tools that guarantee the freedom to trade. The company also intends to make that freedom accessible to anyone on earth. Its team has set out to highlight the fundamental problems they see with the current centralized financial system and fix those problems by creating a parallel financial system. They are writing rules for rewards and incentives that balance the system, help it to grow, and keep it fair.
According to Vega, its protocol will be open and eventually becomes free, open-source software governed by the community. It will develop and evolve according to the needs of its users.
Vega launched its native token today on the Coinlist platform. Investors have been waiting for this high-ranked token’s IDO for some time now. VEGA is an ERC20 token. The protocol plans to release a total of 64,999,723 VEGAs. However, only 5% of this amount is available for sale. The price is 15 USD per token, and the company aims to raise 4,875,000 through the ICO.
What does Vega protocol offer?
Built-in liquidity incentives match investors and traders across any financial product to solve the problem of attracting and allocating market-making resources.
Vega plans to connect to major blockchains for collateral. The latter can be in any digital asset, including Bitcoin, stable coins, and ERC20 tokens. As a result, customers will be able to choose from a range of collateral options.
Furthermore, any participant will be able to create and launch markets easily, and they may do that pseudonymously. The platform will allow customers to use a toolkit of product features and economic primitives from which it can easily specify all settlement instructions and cash flows.
Vega aims to develop a protocol that lets users trade derivatives safely, with margins, without requiring custody. They are making that possible by automating and standardizing every step of the trade lifecycle.
Manifold Finance released the FOLD token
Manifold Finance launched its native token recently, aiming to raise $159,000 by trading 50,000 FOLDs. The ICO price is $3.18. This project offers solutions encompassing the middleware market for decentralized finance protocols and applications for both usability and scaling purposes.
According to the team, its mission is to help users with scaling the Ethereum ecosystem. That’s where the idea of “middleware strategies” comes from, as well. Manifold Finance’s solutions are essentially an “APY strategy.” Users might find them similar to something like Yearn Finance. However, instead of providing capital, the team creates applications that provide services generating revenue. However, the project’s main offering is YCabal.
What is YCabal, and how does it work?
YCabal is an aggregation strategy, which the team created for scaling layer one. To do that, the platform uses a mix of MEV and smart contract techniques and scales services like SushiSwap for end customers.
The inspiration for the name YCabal came from the ‘Backbone Cabal.’ The latter was a scaling solution in the mid-1980’s USENET days.
The cabal was initially created in an effort to facilitate reliable propagation of new Usenet posts. In the 1970s and 1980s, most news servers only operated during nighttime as they tried to save on the cost of long-distance communication. Still, servers of the backbone cabal were available all day long. As a result, the administrators of these servers gained substantial influence in the otherwise anarchic Usenet community. They were able to push through controversial changes, like the Great Renaming of Usenet newsgroups during 1987.
Manifold Finance’s YCabal uses services like KeeperDAO, FlashBots, ArcherDAO, etc., and it provides transaction settlement.
YCabal offers scaling solutions within the Yearn Finance ecosystem. Whenever users submit a trade on Sushi.com, they will get a notification if their trade is eligible for getting its transaction cost refunded. Even if their trade is not eligible, the platform will immediately submit it through a private RPC layer. So, users will still get the benefit of a protected trade submission. They won’t get a transaction rebate, though.
UCoin is in the spotlight
UCoin’s new token has ranked high on the market. Its ICO began on Tuesday, and it will end on June 30, 2021. The token’s total supply is 5,000,000,000 UCOIN, but only 50% is available for sale. The price is $1.00 per UCOIN. This digital currency one-stop ecosystem is based on smart contracts and the Ethereum blockchain technology.
UCoin offers its token holders and both crypto and fiat users a diversified digital and global financial service network for their daily transactions.
Universal Coin International, Inc. issued UCoin, to achieve the stability of real assets. The company has built UCoin multi-level platforms and a multi-level financial ecosystem on blockchain technology. The latter houses an industry-leading array of functionalities that utilize microservice architecture to ensure limitless scalability.
UCOIN is an ERC20 utility token. The team created it to ensure that its ecosystem of business applications would have global circulation. Besides, the holder will find the token useful when it comes to basic daily real-life transaction needs.
According to Universal Coin International, the token will be available, valuable, and usable to everyone. It launched UCoin with the support of several global financial services platforms.
How can investors use UCOIN?
The company announced recently that its technology is ready. The ERC20 Token is also available. Universal Coin International has registered the UCoin name and logo brands.
Besides, it built UCoin on the Ethereum platform, and it is one of the most reliable blockchains. UCoin already gained membership of The Enterprise Ethereum Alliance. And it attracted investors’ attention, making it on the top of hot ICO lists.
UCoin Business Ecosystem (Ubis) enables the token holders to have global circulation accessing diversified digital commerce and financial networks in support of their daily transactions.
Furthermore, UCoin operating ecosystem includes the best strategic alliances and partner teams worldwide. They work on developing new sustainable business services and products. Universal Coin International, LLC. plans to establish this token and its worth in the market as a universal currency.
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