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DeFi Protocol Jigstack Raises $3 Million in Private and Public Funding Rounds

DeFi project Jigstack has raised $3 million in funding rounds as it plans to operate multiple revenue products, including a multi-platform token sale launchpad.

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Jigstack, a DeFi project aiming to govern high-quality revenue-generating network solutions on Ethereum, has successfully raised $3 million in private and public funding rounds. The protocol plans to utilize the funds to build the DAO of the decentralized finance sphere.

Jigstack Raises $3M in Funding Rounds

Describing itself as the “missing piece of DeFi,” Jigstack is a decentralized autonomous organization (DAO), which engineers and deploys institutional-grade decentralized tools. The project announced the completion of its private and public funding rounds, in which it raised in total $3 million, in a press release shared with CryptoPotato.

The statement highlighted that the private rounds were oversubscribed, “confirming the global interest in this ecosystem.” Some of the notable names that participated were Moonwhale Ventures, DHC Capital, Blocksync Ventures, CSP DAO, X21 Digital, and more.

Jigstack said it has a “bold” vision for the decentralized finance industry as it plans to become the leading DAO by governing “multiple revenue-generating protocols.” The project will introduce an ecosystem where “quality standardization takes center stage.” As such, the tools and protocols Jigstack is developing “must empower users, and DeFi needs to the for the people, by the people.”

“Decentralized finance and decentralized governance are two of the most promising concepts in modern economics. We couldn’t just sit on the sidelines and watch such an important endeavor compromised by vulnerabilities I thought could be well mitigated.” – commented Robert Weir of Jigstack.

Weir added that the project will bring “a new standard of quality, security, and user-friendly, solution-oriented financial tools.”

The Demand for the STAK Token

According to the statement, the rapid completion of the funding rounds exemplified investors’ massive interest in Jigstack’s native cryptocurrency – STAK. The token will receive a share of all transaction fees occurring on the network.

Jigstack will operate “multiple revenue products and protocols.” These include Lemonade – a multi-platform token sale launchpad, Stakbank – a staking and rewards-oriented platform for STAK, EthLink – a decentralized affiliate marketing solution, JigBridge – a cross-chain bridge, and an NFT marketplace called “Gallery.”

Apart from receiving shares of the fees, STAK holders will govern the Jigstack DAO and all of its products. As such, the project vowed to pave the “road for broader mainstream adoption of DeFi with a strong focus on quality assurance and interoperability.”

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/defi-protocol-jigstack-raises-3-million-in-private-and-public-funding-rounds/

Blockchain

Bitcoin.com exchange lists first AAA blockchain game Illuvium’s ILV token

Blockchain gaming is taking the industry by storm. Some of the most popular in-game items have sold for thousands of dollars on the top NFT marketplaces and new, incredibly entertaining games are laun

The post Bitcoin.com exchange lists first AAA blockchain game Illuvium’s ILV token appeared first on AMBCrypto.

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Blockchain gaming is taking the industry by storm. Some of the most popular in-game items have sold for thousands of dollars on the top NFT marketplaces and new, incredibly entertaining games are launched almost every day. There has been, however, a lot of talk about the quality of these. While most have led in their implementation of the new technology, few have provided players with fully immersive experiences.

Illuvium is an Ethereum-based game that promises to deliver on this end. Its open-world fantasy RPG format and crisp 3D graphics have led some to call it the first AAA blockchain game. For many, it represents a steep improvement from the current 2D projects that populate the space.

Players of Illuvium are launched to a vast multi-region landscape in search of creatures known as Illuvials. These 3D monsters are designed by some of today’s leading artists and can be owned by players after defeating them in battle. Every captured Illuvial becomes part of the player’s roster and can then be used to fight other creatures.

More importantly, all Illuvials are NFTs with a finite supply. This gives each creature a unique value that players can then trade for ETH on the Illuvium Exchange.

The game recently launched its native ILV token on May 3rd with USDT and BTC pairs on Bitcoin.com Exchange. This in-game currency is earned through game achievements and gives players participation in Illuvium’s DAO governance mechanism.

A supply of 10 Million ILV has been allocated to the game’s flash pools, rewards, liquidity pools, treasury, launchpad seed, pre-seed capital, and the game’s 40-person professional development team. 

Bitcoin.com Exchange CEO Danish Chaudhry has shared his outlook on the project. “Entering the AAA gaming space is no small task, becoming the first AAA blockchain video game is just another step in the right direction for the industry. Illuvium is addressing some of the most pressing challenges in the gaming industry, including scalability or a lack of detailed artwork.”

As one of the most popular trading platforms, Bitcoin.com counts with more than 500K active traders per month. The exchange will give ILV holders access to a secure trading environment with high liquidity, 24/7 multilingual support, and dozens of other trading pairs.

Besides Bitcoin.com Exchange, other early backers of Illuvium include influential blockchains investment firms such as Quantstamp and Moonwhale.

Disclaimer: This is a paid post and should not be treated as news/advice

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/bitcoin-com-exchange-lists-first-aaa-blockchain-game-illuviums-ilv-token

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Blockchain

Meet RXI, the Revolutionary Real-time Risk Intelligence Solution

RXI will change forever the way brokers measure and view their risk and KPIs.

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Volatile times are still upon us, with brokerages facing many uncertainties yet increased opportunities through the evolution of fast-changing markets.

Considering the market changes over the last year or so, forex brokers now, more than ever, need to stay ahead of their competition by advancing their resources, automation, and overall operations.

Several elements in the forex industry highlight risk management and measurement as a great challenge for every forex broker.

With the significant risks that arise through trading, risk management is of most importance for any forex broker.

Forex brokers want to make instant decisions that can be implemented and trust in a solution that works operationally, is time-saving, and a solution that eases the mind.

The solution that is implemented should support them for further growth, liquidity, filtration, and a solution that, in parallel, can also optimize profits. Forex brokers require a solution that offers simplicity in an ever-complicated role as a risk manager or dealer.

FXCubic has developed a state-of-the-art all-in-one technology solution through their research and remarkably innovative attitude based on the data reflected in the market direction.

FXCubic is proud to have developed a next-generation sophisticated solution with its challenge-accepting attitude using a complex event processing engine and reactive technology called RXI.

RXI is an intelligence solution that will ultimately change the way brokers will measure and view their risk and KPIs. RXI has been designed to provide dealers and risk managers with a global view across their entire trading operation within a single GUI.

The ground-breaking solution offers simultaneous real-time data with in-depth risk analysis and the ability to allow for instantaneous actions.

As FXCubic put it, the RXI risk intelligence solution is “intelligence made simple.”

With multiple benefits that come with having the RXI solution, we are here today to share the reasons why Forex brokers should proudly use RXI as an additional solution that will change their brokerage game in an instant.

Below are the highlighted features that RXI offers dealers and risk managers.

Multidimensional Real-Time Data

RXI analyses and reconciles risk data in real-time, providing data-driven profit opportunities for a broker, allowing a broker to take timely actions accordingly.

The RXI intelligence solution allows risk managers to increase performance and profitability through real-time alerts customized by the broker, allowing risk managers to focus on predefined vital issues and take timely actions.

RXI updates broker positions and P&L with real-time customizable information from MT4/5 platforms. This allows RXI users to use the information to assess their risk and exposure.

Multiplatform Aggregation

RXI streams multiple MT4/5 platform data into its engine, allowing brokers to combine separate trading platforms’ risk data into a single interface.

Forex brokers can gain real-time insight into what is happening across all their platforms centrally. Dealers do not have to manually reconcile and use other data tools or practices as the data is intuitively customized and aggregated according to the risk manager’s preferences.

Customizable Filteration

RXI provides clients with fully customizable filters that enable risk managers to instantaneously see the complex events’ roots.

RXI users can dynamically assess their data as RXI’s output can be filtered, while real-time pivot tables can be created instantly.

Personalized views & Alerts

RXI allows for different visual charts available for further depth and transparency in a way it has never been done before. This allows individual risk managers to focus on the data they want to see, enabling further simplicity in an ever-complicated role.

Solutions for upper management are also a big part of RXI’s offering, including real-time information on countries and destinations that generate more revenue. This is available on the RXI dashboard, allowing business partners to focus on areas where they see more opportunities.

Mobile Functionality & Push Notifications

Accessible from anywhere and at any time, RXI has been developed to highly perform on mobile devices, making RXI the ultimate intelligence solution for risk managers that need access to their data on the go. Enabling critical customized alerts to be received remotely, RXI is able to send push notifications to mobile devices.

Adaptable Solution

RXI is a standalone application that has been designed to coexist with any other technology, making this risk intelligence solution one of a kind.

RXI connects to MT4/5 servers through Manager API in seconds without any plug-in installations, making it conflict-free with other plug-ins on the server.

Optimizing Profits

RXI merges all client risks into an individual solution that allows brokers to reduce the number of inefficient hedges or trades.

Brokers can come to better conclusions through the flexible real-time data allowing actions to be taken ahead of time by implementing the risk managers’ rules and actions. These actions will increase performance, profitability, and a smooth P&L environment.

RXI provides Forex brokers a global view across their entire trading operation. The benefits of integrating RXI are innovatively phenomenal. There is no reason why Forex brokers should not opt into using FXCubic’s byproduct for further control, depth, and ease of mind.

We think that FXCubic’s risk intelligence solution will change the market’s view on intelligent risk solutions. RXI is next-generation technology, and we look forward to furthering byproducts from the FXCubic team.

To find more information or to request a free demonstration of RXI’s sophisticated new technology, click here

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/thought-leadership/meet-rxi-the-revolutionary-real-time-risk-intelligence-solution/

Continue Reading

Blockchain

Meet RXI, the Revolutionary Real-time Risk Intelligence Solution

RXI will change forever the way brokers measure and view their risk and KPIs.

Avatar

Published

on

Volatile times are still upon us, with brokerages facing many uncertainties yet increased opportunities through the evolution of fast-changing markets.

Considering the market changes over the last year or so, forex brokers now, more than ever, need to stay ahead of their competition by advancing their resources, automation, and overall operations.

Several elements in the forex industry highlight risk management and measurement as a great challenge for every forex broker.

With the significant risks that arise through trading, risk management is of most importance for any forex broker.

Forex brokers want to make instant decisions that can be implemented and trust in a solution that works operationally, is time-saving, and a solution that eases the mind.

The solution that is implemented should support them for further growth, liquidity, filtration, and a solution that, in parallel, can also optimize profits. Forex brokers require a solution that offers simplicity in an ever-complicated role as a risk manager or dealer.

FXCubic has developed a state-of-the-art all-in-one technology solution through their research and remarkably innovative attitude based on the data reflected in the market direction.

FXCubic is proud to have developed a next-generation sophisticated solution with its challenge-accepting attitude using a complex event processing engine and reactive technology called RXI.

RXI is an intelligence solution that will ultimately change the way brokers will measure and view their risk and KPIs. RXI has been designed to provide dealers and risk managers with a global view across their entire trading operation within a single GUI.

The ground-breaking solution offers simultaneous real-time data with in-depth risk analysis and the ability to allow for instantaneous actions.

As FXCubic put it, the RXI risk intelligence solution is “intelligence made simple.”

With multiple benefits that come with having the RXI solution, we are here today to share the reasons why Forex brokers should proudly use RXI as an additional solution that will change their brokerage game in an instant.

Below are the highlighted features that RXI offers dealers and risk managers.

Multidimensional Real-Time Data

RXI analyses and reconciles risk data in real-time, providing data-driven profit opportunities for a broker, allowing a broker to take timely actions accordingly.

The RXI intelligence solution allows risk managers to increase performance and profitability through real-time alerts customized by the broker, allowing risk managers to focus on predefined vital issues and take timely actions.

RXI updates broker positions and P&L with real-time customizable information from MT4/5 platforms. This allows RXI users to use the information to assess their risk and exposure.

Multiplatform Aggregation

RXI streams multiple MT4/5 platform data into its engine, allowing brokers to combine separate trading platforms’ risk data into a single interface.

Forex brokers can gain real-time insight into what is happening across all their platforms centrally. Dealers do not have to manually reconcile and use other data tools or practices as the data is intuitively customized and aggregated according to the risk manager’s preferences.

Customizable Filteration

RXI provides clients with fully customizable filters that enable risk managers to instantaneously see the complex events’ roots.

RXI users can dynamically assess their data as RXI’s output can be filtered, while real-time pivot tables can be created instantly.

Personalized views & Alerts

RXI allows for different visual charts available for further depth and transparency in a way it has never been done before. This allows individual risk managers to focus on the data they want to see, enabling further simplicity in an ever-complicated role.

Solutions for upper management are also a big part of RXI’s offering, including real-time information on countries and destinations that generate more revenue. This is available on the RXI dashboard, allowing business partners to focus on areas where they see more opportunities.

Mobile Functionality & Push Notifications

Accessible from anywhere and at any time, RXI has been developed to highly perform on mobile devices, making RXI the ultimate intelligence solution for risk managers that need access to their data on the go. Enabling critical customized alerts to be received remotely, RXI is able to send push notifications to mobile devices.

Adaptable Solution

RXI is a standalone application that has been designed to coexist with any other technology, making this risk intelligence solution one of a kind.

RXI connects to MT4/5 servers through Manager API in seconds without any plug-in installations, making it conflict-free with other plug-ins on the server.

Optimizing Profits

RXI merges all client risks into an individual solution that allows brokers to reduce the number of inefficient hedges or trades.

Brokers can come to better conclusions through the flexible real-time data allowing actions to be taken ahead of time by implementing the risk managers’ rules and actions. These actions will increase performance, profitability, and a smooth P&L environment.

RXI provides Forex brokers a global view across their entire trading operation. The benefits of integrating RXI are innovatively phenomenal. There is no reason why Forex brokers should not opt into using FXCubic’s byproduct for further control, depth, and ease of mind.

We think that FXCubic’s risk intelligence solution will change the market’s view on intelligent risk solutions. RXI is next-generation technology, and we look forward to furthering byproducts from the FXCubic team.

To find more information or to request a free demonstration of RXI’s sophisticated new technology, click here

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/thought-leadership/meet-rxi-the-revolutionary-real-time-risk-intelligence-solution/

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Blockchain

Citigroup is considering offering crypto services.

Citigroup has said it is considering launching a new series of digital currency services for its clients, following a surge in interest in digital currency over recent months. According to reports in the Financial Times, the Wall Street giant is weighing up digital asset services like digital currency custody and trading as a reflection of the […]

Read full post Citigroup is considering offering crypto services. on Chaintimes.com.

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Citigroup has said it is considering launching a new series of digital currency services for its clients, following a surge in interest in digital currency over recent months. According to reports in the Financial Times, the Wall Street giant is weighing up digital asset services like digital currency custody and trading as a reflection of the ‘very rapid’ take-up of cryptocurrency investments across its client base. Global head of foreign exchange Itay Tuchman said the bank was focusing on how best to serve the needs of clients in this emerging space.

“This is not going to be a prop-trading effort.”

Itay Tuchman said, “There are different options from our perspective, and we are considering where we can best serve clients. This is not going to be a prop-trading effort.” The move builds on an earlier report published by the bank, which suggested cryptocurrency could become an international currency of trade, even though that banking giant said at the time that it had no firm plans to launch its own cryptocurrency services anytime soon. Tuchman further added that while the bank was actively considering its options for serving the digital assets sectors, it would not rush through its offering.

“Cryptocurrency is here to stay.”

Tuchman further said, “I don’t have any FOMO because I believe that crypto is here to stay and that we are just at the very beginning of the market. This isn’t a space race. There is room for more than just one flag.” While Citi considers how best to enter the digital currency markets, others in the banking sector have already stepped forward with their own offerings. As reported earlier, Goldman Sachs restarted its cryptocurrency trading desks back in March, offering a range of cryptocurrency derivatives, while Deutsche Bank, Morgan Stanley, and BNY Mellon are already working with clients in the sector.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://chaintimes.com/citigroup-is-considering-offering-crypto-services/

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