Zephyrnet Logo

Decubate: Bridging The Gap Between Web2 and Web3

Date:

Table of Contents

Rate this post

Technology in the world has come of age since the web first came into existence. Before the web, there was the internet and the internet was discovered in rather unexpected circumstances. It was during the Cold War in the 70s when the US designed a computer that would control its nuclear weapons. 

The US wanted their war efforts to be centralized — be controlled from one central command. There was a concern though. The concern was that the central system might be attacked and this ultimately puts those war efforts in jeopardy. 

So what did they do? 

The US built a system where they scattered many computers across the country. The unique idea behind this strategy was that if there was ever a situation where there was an attack, the system would keep powering on as it didn’t rely on only one centralized computer. This was brilliant and it was what first brought about the idea of decentralization.

Building on this innovation, Tim Berners-Lee in 1990 then went ahead to create the first application on the internet; the Web. From 1990 to 2004, Web 1.0 held sway. Static pages on websites with little or no peer-to-peer interactions, emails, and businesses like Google and Amazon were what first pioneered the Web 1.0 experience. 

Web 2.0 

Very quickly from 2005, things began to get a lot more interesting. People could now take more actions online. You could now not only create content online, you could also create websites to host that content, whether you had the technical skills or not. Modern-day social networks like Twitter, Facebook, YouTube, and MySpace were what ushered the world into the era of Web 2.0. 

Industries like finance, hospitality, and entertainment built thriving businesses on the back of Web 2.0 It was the latest technology at the time until Web 3.0 came along. 

Web 3.0 

READ  Thornton Place Condo Corporation Invests 5% of Its Reserves in Bitcoin

The first Web 3.0 summit was held in 2019 and after that summit, it became clear that the new web would be all about decentralization. This was a return to the original idea that the internet was first built on in the 1970s. 

A lot of people had gotten tired of how centralized, regulated and almost restrictive the internet had been and the call for decentralization had grown so loud a new web was being dedicated to it. 

Decentralized Finance (Defi) 

Since the advent of Bitcoin and Blockchain technology, cryptocurrencies (Ethereum and other altcoins) were invented with the intention of decentralizing the traditional finance (TradFi) system but they were limited to only cryptocurrency trading. Further down the road, however, decentralized finance has come into the picture. This version of finance not only supports the trading of cryptocurrencies, it also has plenty of solutions it proffers to existing problems. DeFi provides users with use cases like lending, tokenization of digital assets, trading derivatives and futures etc. 

Because of these perks, a lot of people are migrating to decentralized financing but there have been a few concerns. Maybe because it is still an industry in its infant stages, the issue of Cross-chain interoperability has persisted. Unlike traditional finance where banks have no issues communicating and exchanging values with other banks, that has been difficult to achieve with DeFi. Blockchain communication has been hard to sort out but recently, there have been a couple of blockchains and networks getting it right. There’s also been the problem of a large number of inferior projects popping up in the Blockchain space. This has been since the recent boom of the industry. 

These problems and more are what Decubate aims to solve. 

How Decubate bridges the gap between Web2.0 and Web3.0

Imagine being able to still save money in your regular traditional bank but this time on the blockchain using a decentralized application. 

This is what Decubate offers. 

 Decubate is a community-powered investment platform that is bringing the $3 trillion global startup economy onto the blockchain. The platform with a market cap of $127,500 has a huge community that contains members with financial and promotional capital and it pairs traditional Web 2.0 startups with these community members to help fuel their Web3 success.

Decubate understands that tokenizing traditional assets will unlock life-changing wealth creation opportunities for billions of people. And they are doing their part by tokenizing traditional startups and creating a newly investable asset class. Ultimately bridging together Web2 and Web3. 

Decubate offers a token ($DCB) whose utilities include

  • Platform currency 
  • Platform rewards
  • Staking rewards
  • Voting power

The Problem

Decubate has noticed a significant decline in the quality of many of the new blockchain projects that are being churned out every day. This is as a result of the high demand and competition existing in the space. There’s still the need for a lot of these projects to prove their long-term credibility, commitment, product development, and delivery at a huge cost.

The Solution

Decubate is offering a solution to this problem using an entirely different approach. Instead of competing in the regular inflow of blockchain startups, the company will place priority on incubating promising traditional startups that blockchain solutions will benefit from when they utilize them. Decubate aims to become a stepping stone and bridge for promising startups to smoothly flow into the blockchain ecosystem. 

What Does Decubate Offer

  • Cross-chain and interoperability: The Decubate platform can be used with multiple blockchains. Information can be shared across different blockchain networks there being a need for an intermediary.
  • Incubating strategy: Decubate will partner with traditional incubators across all of Europe (and globally, in the future) to find projects with proven products that can benefit from Blockchain technology and solutions. This is a deviation from the normal way of just looking inwards into blockchain startups. 
  • Community driven and governance: The community will not only be an important part, but it will also be central to all the activities of the ecosystem. Fees will be distributed to members of the community and they can use those to vote for innovative ideas or new features for the platform. The community always decides the platform’s direction.
  • Fair allocation: Because Decubate believes in decentralization, an allocation will be managed between the investor and the innovator. Both parties will have access to defining the terms of agreements.
  • Tokenized assets: Because Decubate strongly believes in tokenization, the platform will enable the tokenization of traditional assets. This is part of the company’s roadmap.
  • Cross-chain listings: Incubated projects can have their projects deployed on different blockchains. Decubate will use cross-chain, multi-bridge exchange solutions to not only maximize liquidity but also impact and save high fees.
  • Effortless staking and pooling: The community will be rewarded with staking strategies for their trust in Decubate. 

Decubate Public IDO

Decubate will have its Initial DEX Offering public sale on BSCPad, Tronpad and PAID Ignition on Tuesday, July 6th 2021. 

Decubate Roadmap

Q2 2021 — FORMATION PHASE

READ  NFT DeFi Crossover Project Ethernity to Launch on Polkastarter

– Set up company

– Recruit core team

– Whitepaper

– Seed and strategic sales

– Technical paper phase 1

Q3 2021 — DCB LAUNCH AND MVP

– Token generation event

– Listing on Pancakeswap

– Liquidity rewards and pools

– MVP launch

Q4 2021 — PHASE 1

– Incubation voting mechanics

– Reputation mechanics

– Distribution contracts

– Pooling contracts

Q1 2022 — MAIN-NET INITIAL ITERATION

– (ERC20 & BEP20) Smart contract configuration

– Incubation rewards

– Feedback features 

You can find more information about Decubate at:

▪️ Website: https://decubate.com/

▪️ Twitter: https://twitter.com/decubate

▪️ Telegram: https://t.me/decubate

▪️ Telegram Ann: https://t.me/Decubateann

▪️ Medium: https://decubate.medium.com/

▪️ Linkedin: https://www.linkedin.com/company/decubate/

#Bitcoin #Decubate #DeFi #TradFi #Web 2.0 #Web 3.0

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://www.cryptoknowmics.com/news/decubate-bridging-the-gap-between-web2-and-web3

spot_img

Latest Intelligence

spot_img

Chat with us

Hi there! How can I help you?