Connect with us

Blockchain

Jigstack Completes $3M Private and Public Sale to Build the DAO of DeFi

April 29, 2021 – Singapore, Singapore Jigstack has completed its private and public funding rounds. By raising $3 million, the team can continue building the ecosystem and the various decentralized products and services. The oversubscription of its private rounds confirms the broader interest in how Jigstack will transform the decentralized finance world. The private round […]

The post Jigstack Completes $3M Private and Public Sale to Build the DAO of DeFi appeared first on The Daily Hodl.

Avatar

Published

on

April 29, 2021 – Singapore, Singapore


Jigstack has completed its private and public funding rounds. By raising $3 million, the team can continue building the ecosystem and the various decentralized products and services. The oversubscription of its private rounds confirms the broader interest in how Jigstack will transform the decentralized finance world.

The private round included prominent investors such as Block FIlms, Moonwhale Ventures, Exnetwork, DHC Capital, Blocksync Ventures, Gains, CSP DAO and X21 Digital. The private rounds were oversubscribed, confirming the global interest in this ecosystem. Consequently, the public sale – where $300,000 was raised – completed relatively quickly. Such overwhelming demand for exposure to Jigstack’s STAK token indicates investors are keen on exploring the governance and revenue-generating potential of this new asset.

As a decentralized autonomous organization governing multiple revenue-generating protocols, Jigstack has a bold vision for the decentralized finance industry. Rather than focusing on greed, inefficiency and incompetence, the team introduces an ecosystem where quality standardization takes center stage. To achieve that vision, the tools and protocols must empower users, and DeFi needs to be for the people, by the people.

Multiple revenue products and protocols exist under the Jigstack banner. Tools include Lemonade – a multi-platform token sale launchpad, Stakbank – a staking- and rewards-oriented platform for the STAK token and Ethlink – a decentralized affiliate marketing solution. Other protocols in development include crypto gifting platform Santa, cross-chain bridge JigBridge and high-end collectibles and art NFT marketplace ‘Gallery.’

All of these tools bring value to Jigstack’s STAK token, which receives a share of all transaction fees occurring via these protocols. Additionally, STAK holders govern the Jigstack DAO and all of its products. Jigstack paves the road for broader mainstream adoption of DeFi, with a strong focus on quality assurance and interoperability.

Paul Man of Bonded Finance said,

“The grab was the metaphorical ‘Microsoft of DeFi,’ intending to do for DeFi and crypto what Microsoft did for personal computing. It’s needed and it’s a natural evolutionary curve. But the light bulb moment for us was the concept of a well-organized DAO and the value potential of a single alpha coin governing an entire suite of decentralized financial tools. It’s basically an index play on the DeFi sector with a growth compounder.”

In the current landscape, decentralized finance primarily focuses on enriching the developer teams rather than empowering users. This creates a top-down approach rather than a level playing field for all participants. Jigstack’s vision is to create equal opportunities for all parties involved. More importantly, everything will be governed via the DAO, empowering token holders to help shape the future of this ecosystem.

Robert Weir of Jigstack said,

“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. With Jigstack, we bring a new standard of quality, security and user-friendly, solution-oriented financial tools. It is my firm belief that adherence to these simple disciplines could be the catalyst for mainstream adoption.”

About Jigstack

Jigstack is a decentralized DAO engineering and deploying institutional grade decentralized tools, fit for any user. Its purpose is to govern a range of high-quality, revenue-generating network solutions on the Ethereum blockchain to help foster an equitable and open, free market.

Contact

Robert Weir

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://dailyhodl.com/2021/04/29/jigstack-completes-3m-private-and-public-sale-to-build-the-dao-of-defi/

Blockchain

SHIB Token Surges by 1946.11% within a Week

Avatar

Published

on

Today, despite the fact that most mainstream cryptocurrencies have fallen back, the SHIB token has proven to be the exception, rising by 123.63% in the past 24 hours. Within a week, SHIB token has surged by an impressive 1946.11%.

SHIB is the native token of the SHIBA INU network and is the first ERC-20 token to be listed and incentivized on ShibaSwap decentralized exchange.

Binance crypto exchange elaborated on SHIB token and said:

“SHIBA INU (SHIB) is an experiment in decentralized community building and another meme coin similar to Dogecoin.”

SHIB was officially launched in August 2020, when the decentralized finance market was making huge strides and growing exponentially. The founder of SHIB token Ryoshi issued a total of 1,000 trillion SHIB. 50% of the tokens were locked into Uniswap to provide liquidity, while the remaining 50% was allocated to Ethereum co-founder Vitalik Buterin.

SHIBA INU was launched on OKEx, Huobi Global, and Binance on May 8, 9, and 10 respectively. The cryptocurrency rapidly became popular within the crypto sector.

SHIB is also whimsically known as the ‘Doge Killer’ as SHIB, due to its relatively low price, is attracting Dogecoin investors.

The popularity of Shiba Inu Coins gained massive traction due to the following reasons:

Firstly, SHIB token’s initial starting price is relatively low. Therefore, investors can spend a small amount of funds and still gain hundreds of thousands of SHIB. For new-entry investors, the entry barrier is relatively low.

Secondly, due to the extremely high FOMO (Fear of Missing Out) sentiment in the bull market, SHIB token quickly gained a lot of traction. Investors, fearing that they were missing out on an incredibly opportunity, jumped on the chance to invest in SHIB, as they did not want to miss out on any chance of getting rich.

The third reason why SHIB surged by so much in so little time is due to billionaire Elon Musk’s endorsement of Dogecoin. Elon Musk tweeted on May 7 that he was looking for a Shiba pup, sending SHIB higher.

Shiba Inu (SHIB) has now entered the top 20 rankings of CoinMarketCap and is currently ranked No.17. It may well be a trader’s response to the hype surrounding Dogecoin (DOGE).

At the time of writing, SHIB is trading at $0.00003225.

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/news/shib-token-surges-1946.11-within-week

Continue Reading

Blockchain

Ark Invest’s Cathie Wood Joins Board of Crypto Firm Amun Holdings

The CEO of Ark Invest has joined the board for crypto technology platform Amun Holdings.

Avatar

Published

on

In brief

  • Cathie Wood, CEO of Ark Invest, has joined the board of Amun Holdings.
  • Wood has also bought millions of dollars worth of Coinbase shares in recent weeks.

Cathie Wood, CEO of investment management firm Ark Invest, has joined the board of crypto company Amun Holdings, per a report published by Bloomberg yesterday. 

Wood joined the Amun board after personally investing in 21Shares AG operators, which specializes in exchange-traded products (ETPs). 

“21Shares is forging a new path for crypto ETPs by leading with research and a keen understanding of this developing asset class,” Wood said, adding, “I am thrilled to support its efforts.” 

What is Amun Holdings? 

Amun Holdings is a crypto firm and ETP provider based in Zurich, Switzerland. 

The firm currently has approximately $2 billion in assets under management; a sharp increase from its March 2020 figure of $27 million, according to CEO Hany Rashwan. 

The firm is also profitable, with annual revenue of up to $50 million being generated from a mix of institutional and retail investors. 

“We built the company to make crypto as accessible as stocks and have seen tremendous demand for our products,” Rashwan said. 

21Shares Short Bitcoin ETP is one of Amun’s offerings. It allows investors to bet against Bitcoin. In turn, the 21Sahres Crypto Basket Index tracks the top five cryptocurrencies by market value. 

Amun and 21Shares products are listed on exchanges in Switzerland, Austria, and Germany. Amun plans to list its first non-European product in the coming months. According to Bloomberg‘s report, this expansion might see as many as 30 products established in eight countries. 

This isn’t Wood’s first involvement with the crypto industry. According to The Block, Woods has bought a total of $356 million worth of Coinbase shares, first purchasing $246 million on April 15, and then buying another tranche of shares worth $110 million the following day.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://decrypt.co/70494/ark-invests-cathie-wood-joins-board-of-crypto-firm-amun

Continue Reading

Blockchain

UBS Group Reportedly Planning to Launch Crypto Services to its Wealthy Customers

The Swiss multinational investment bank, UBS Group AG, is reportedly in the works of launching several cryptocurrency services.

Avatar

Published

on

The trend of giant banks developing crypto services is expanded beyond the US with Switzerland’s UBS Group AG. The institution plans to enable its wealthy customers exposure to digital asset investments later in the year.

  • By citing people familiar with the matter, Bloomberg reported that UBS Group AG is in the “early stages of planning to offer wealthy customers digital currency investments.”
  • The bank, based in Zurich, Switzerland, with over $1 trillion in Assets Under Management, is looking into several alternatives for its crypto-related services.
  • Nevertheless, the organization has warned about the infamous volatility of the digital asset sector and will enable its clients to allocate only a “very small portion” of their total wealth.
  • One of the discussed options suggested that institutional customers will be able to receive crypto exposure through third-party vehicles.
  • Interestingly, Bloomberg’s report arrives just a few months after the financial service company working under the UBS Group AG hat – UBS Global Wealth Management – warned that the entire cryptocurrency sector could plummet to zero.
  • Before UBS Group AG, numerous US-based banks initiated steps into enabling their clients to receive exposure to bitcoin and other digital assets.
  • BNY Mellon, the oldest American bank, led the charge this year after releasing BTC custodial services. Shortly after, Morgan Stanley followed by filing to receive BTC exposure for up to 25% for 12 of its funds.
  • Even the previous bashers, Goldman Sachs and JPMorgan, showed a pro-crypto approach. Goldman filed for a Bitcoin ETF, and its clients can now trade BTC derivatives, while JPM will reportedly launch an actively managed fund following the performance of the primary cryptocurrency.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/ubs-group-reportedly-planning-to-launch-crypto-services-to-its-wealthy-customers/

Continue Reading

Blockchain

Data Agnostic Oracle Network ORAO Chooses TRON’s Blockchain Over Ethereum’s

By breaching the high fees on the Ethereum blockchain, ORAO has chosen to launch its general data products on top of Justin Sun’s TRON.

Avatar

Published

on

The data-agnostic oracle network supporting multiple blockchains, ORAO, will launch its general data product on top of TRON. The two parties announced a partnership earlier, with ORAO claiming it chose TRON due to the significantly lower transaction costs compared to other networks.

ORAO to Launch Products on TRON

Described as a “blockchain agnostic oracle platform built to support any number of chains,” ORAO operates with protocols working on top of Polkadot, Ethereum, Elrond, and other networks. The team behind it announced the partnership with Justin Sun’s TRON in a press release shared with CryptoPotato.

The statement informs that ORAO uses a “proactive rating system” to judge data upon submission, which means that “bad and malicious data never makes it to the buyer in the first place.”

Furthermore, its data oracles provide a wider variety of secure information working at high speeds – from local weather to the outcome of football matches and elections.

“One of the key strengths of ORAO are our Predefined Data Protocols, which greatly expand the variety of data products that providers can offer. However, while they make for fantastic flexibility, the fact remains that many of the data products they support would not be economically viable on a platform that is mired in congestion issues.” – commented Nikola Strahija – founder of ORAO.

The integration on TRON comes after the team examined other alternatives, including Ethereum. However, the notoriously high transaction fees and the “increased congestion,” which leads to a “growing need for a fast, scalable, and affordable base layer solution,” made TRON the most accurate option.

TRON’s Rapid Growth

Upon further explaining the decision to go with TRON, Strahija described Justin Sun’s brainchild as a “rapidly growing powerhouse” in the market.

The partnership between the two will also enable TRON users to receive data from other networks due to ORAO’s blockchain agnostic features.

“DeFi and crypto should not be limited to high net worth portfolios who can afford congestion pricing. We are seeing a rising trend of many top Ethereum projects moving to TRON. We are thrilled for ORAO to join the TRON Network and reap the benefits of a fast, affordable, and agile network.” – said Sun.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/data-agnostic-oracle-network-orao-chooses-trons-blockchain-over-ethereums/

Continue Reading
Aviation22 mins ago

The Huge Potential Qatar Airways Sees In Africa

Aviation26 mins ago

Cosmic Cocktails: Qantas Launches 787 Supermoon Scenic Flight

Aviation36 mins ago

Emirates’ President Thoughts On The Future Of The A380

Blockchain37 mins ago

SHIB Token Surges by 1946.11% within a Week

Blockchain News1 hour ago

Nebraska Bill Proposes Allowing State Banks to Offer Crypto Services

Aviation1 hour ago

Leonardo Inaugurates A New State-Of-The-Art Helicopter Training Academy In The United States

Blockchain1 hour ago

Ark Invest’s Cathie Wood Joins Board of Crypto Firm Amun Holdings

Blockchain1 hour ago

UBS Group Reportedly Planning to Launch Crypto Services to its Wealthy Customers

Blockchain1 hour ago

Data Agnostic Oracle Network ORAO Chooses TRON’s Blockchain Over Ethereum’s

Blockchain1 hour ago

South Korea to Examine Altcoin Listings on Exchanges Due to High Risks

Blockchain1 hour ago

Gemini Now Allows Users to Earn up to 2.25% Interest on Dogecoin

Blockchain1 hour ago

Public Mint Partners with KIRA to Enable Cross-Chain Liquid Staking

HRTech1 hour ago

Over 70% of workers looking to make their commutes more sustainable post-lockdown

Blockchain1 hour ago

Mining Bitcoin: How to Mine Bitcoin

HRTech1 hour ago

Four in five employees currently have health and wellbeing concerns

Blockchain News2 hours ago

Man Who Pays Hitman in Bitcoin to Kill His Wife Gets Traced Back to Coinbase Account

Blockchain2 hours ago

Binance Coin price prediction: BNB not ready to move above $670

Esports2 hours ago

How to use PUBG Mobile’s Over the Shoulder (OTS) shooting mode

HRTech2 hours ago

Support mental wellbeing as businesses move to hybrid working

Blockchain2 hours ago

Mining Bitcoin: How to Mine Bitcoin

Blockchain2 hours ago

Elon Musk asks Twitter whether Tesla should accept Dogecoin for cars

Blockchain2 hours ago

Globe Closes $18M Round to Create Best-in-Class Derivatives Platform

HRTech2 hours ago

Post-Furlough Anxiety: How to Reassure Staff Returning to Work

Aviation2 hours ago

Avelo Airlines adds new routes to Grand Junction and Medford

Blockchain2 hours ago

Bitcoin support wobbles amid warning BTC price could hit $40K next

Aviation2 hours ago

Green List Prompts 250% Surge In Virgin Atlantic Tel Aviv Bookings

Aviation2 hours ago

British Airways adds flights to holiday destinations

Blockchain2 hours ago

Elon Musk asks “Do you want Tesla to accept Doge?”—77% say ‘yes’

Start Ups2 hours ago

“From Zoom fatigue, to after-hours pings on Slack, the typical work experience is fuelling burnout”: Interview with Qatalog’s founder and CEO, Tariq Rauf

Blockchain News2 hours ago

Facebook CEO Mark Zuckerberg Endorses Bitcoin in a Subtle Way

Trending