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Tesla is Coming to Synthetix, But Can SpaceX Be Tokenized Without Musk’s Permission?

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Synthetix has gone dao, meaning this is now just code run by 10,000 ethereum nodes across the world with no one responsible for it and with curation being by token holders who vote on things.

As such Tesla, Apple, Nvidia, Alibaba, Turkish stocks, Russian ones, European stocks, Latin American ones, anything you want on global markets can now be tokenized.

The process is simple in as far as it’s basically dai, but for all these stocks which you track through a price feed, an oracle. But can something like SpaceX, which doesn’t have a market value, be tokenized?

If Musk wants to, then he can go through the paperwork and months of negotiations with SEC and then maybe get a greenlight to tokenizingly bring it to market.

Yet this is a very new space and SpaceX is a frontier company doing pretty important things, so naturally this straight tokenization would be a pretty big leap.

As such, to make them less nervous this space could potentially do ‘play’ tokenization, as in giving it market value but not quite formally.

Tokenizing Non-Market Assets

The task is difficult because there’s no price. So how do you set the price, especially in cases like here where Musk doesn’t have to tell us anything because it’s a private company.

Well then you force Musk to tell us things, and obviously you do so in the Nakamoto way, nicely, willingly, and even happingly.

You start first by deciding how much Musk makes with every rocket he launches. It’s about $70 million we think per rocket launch, at least on average.

Rocket launches are a very public thing, and unless Musk wants to go to very great lengths, there’s nothing he can do to hide them. So we get an estimate of rocket launches x $70 million, let’s say about $2 billion a year.

Now we have what we call a sacrifice. To start off this market we need some locked assets that act as the initial collateral with the price feed here a bit more complicated than just connecting to an official market because there isn’t one.

So we’ll need tokenholders to perform the function of a jury of sorts that through some sort of formula says a rocket has launched and therefore price has gone up by x, or it was a failed one and thus price has gone down by x.

A Chainlink basically, but instead of that being just a jason parser of official apis, it can allow for human input through some vote of sorts with all token holders then voting if there is a dispute or incorrect information somehow gets through the process.

Alternatively, there should be official apis of rocket launches maybe from NASA and if there aren’t, one should be set up because this is the digital age.

That can make the fact establishment simpler but how much profit they make per launch would presumably change depending on good or bad management.

So once there’s a market, although a very watery one, Musk would presumably be very happy to tell us how much such profits have changed by increasing or decreasing liquidity in the dapp.

On Synthetix, the stakers are betting against the, in this case, sSpaceX holders. In that if the price rises, stakers are more liable now and need more snx for susd and vice versa.

There can also be iSpaceX, that being shorting it, with stakers losing or winning depending on whether s an i SpaceX holders collectively win or lose, plus there’s fees on top to stakers.

So there’s plenty of opportunities here for Musk the market to tell us many things, and thus based on those things there can be better valuation and thus price setting, with this pre-market trading then moving to an official price setting api once SpaceX goes public.

As this would be a token, that means if you want to, you can just lock it in a wallet and forget about it in a store of value sort of way or as a diversifier with the market initially being a bit subjective, but presumably just temporarily as big companies usually do go public.

In the same manner you can do this for other things, the art market as a whole for example, and you can maybe even let it freely move instead of it having a fixed price like api-ed markets.

You can also likewise give house prices in London or in Europe a market, with here there being property ETFs you can track.

And you can also price as well as tokenize startups as a collective, with the difference being the token is a bearer asset you hold, instead of some bank IoU like stocks are.

Meaning whether Musk likes it or not, it is probable we will owe a bit of SpaceX once builders get around to dapping this, although we won’t own it ‘officially,’ but it’s close enough for our claim to all this space stuff.

Source: https://www.trustnodes.com/2020/07/30/tesla-is-coming-to-synthetix-but-can-spacex-be-tokenized-without-musks-permission

Blockchain

Bitcoin-Themed NFT Card Set Launches On Anniversary Of Satoshi’s White Paper

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Bitcoin-Themed NFT Card Set Launches On Anniversary Of Satoshi’s White Paper

Bitcoin Origins, a series of non-fungible tokens based on the history of Bitcoin, will officially launch on October 31 at 10:31 AM PT. With the goal of creating awareness about Bitcoin, the highly scarce NFT collection will highlight the most significant moments in Bitcoin’s history. Bitcoin Origins has partnered with amazing artists to recreate at least 15 moments in Bitcoin history. Today marks the release of Moment 1, the Whitepaper Creation, with more to come.

“Bitcoin and every other crypto has a marketing problem,” said Jeremy Born, CEO of CoinGenius and co-founder of Bitcoin Origins. “NFTs are a way to solve that and help push the mass adoption of Bitcoin. We’ve created unique artistic assets with an educational dimension to arm people with the knowledge about why bitcoin was created, why it exists, and why it will thrive and flourish.”

When it comes to Bitcoin Origins, it’s all there: Satoshi’s whitepaper, the genesis block––you name it. Each moment will be a little bit different. Each new card will be released as its own block. The first release is a 1MB block containing one card and the chance of receiving a bonus “Death Card,” which pays homage to the exaggerated reports of Bitcoin’s demise. There will also be 2MB and 4MB blocks for purchase which will become available once the 1MB block is fully mined (sold out).

Paul Jenkins saw the potential in Bitcoin and artwork surrounding the world’s first digital currency, and so he joined the Bitcoin Origins team. Jenkins, who shaped many of the characters which helped lift Marvel Comics from Chapter 11 Bankruptcy, sees NFTs as a new medium for storytelling.

“Bitcoin Origin is not just a history of Bitcoin––it’s a game,” said Jenkins. And the value is in the community. That is what made Bitcoin work: the value was in people’s perception of it. With Bitcoin Origins and NFT, we’re breaking new ground. There are new ways we can tell stories, and NFTs are a new form of storytelling.”

Said Born: “This is about the artistic nature of the piece. People hold these at high value, because it is a very scarce and limited set and is truly like holding a piece of Bitcoin history.”

Anyone can join the Bitcoin Origins story and play for free and receive a free NFT by simply filling out this form.

About Bitcoin Origins

Bitcoin Origins is an exclusive collection of digital collectible cards immortalizing the most significant moments in Bitcoin history. These cards are intended for Bitcoin fans around the world who want to own a rare piece of Bitcoin history. You can join the community now on Telegram (https://t.me/BitcoinOrigins) and stay up to date at BTCOrigins.com.

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TRAMS DEX Propels Global Adoption of DeFi with Automated Market Maker (AMM) protocol

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TRAMS DEX Propels Global Adoption of Defi with Automated Market Maker (AMM) protocol, as Industry Leader VIP Guests, Global Participants, and Management Team concludes Webinar Session Marking a Successful First-Phase Launch.

 

VIP Speakers Unanimously Acknowledge Perfect Market Timing of TRAMS DEX in Decentralized Finance Industry, High Industry Growth Factors, Following 2 Hour-Long Launch Session.

The TRAMS DEX founder and senior management team today concluded a high-impact webinar session as an official launch of its Automated Liquidity Provider protocol, the first of three phases for TRAMS’ Decentralized Finance Business. Industry leader VIP guests and participating members pledge support for open finance and Defi for creating more access to financial products at much lower costs to anyone on demand.

The launch took place in District Singapore, Republic Plaza 9 Raffles Place with a Zoom Webinar hosting a global Defi community and TRAMS DEX protocol members/users community. The discerning VIP panels and participants from ranging continents stencil the much-needed change in the financial sector especially in traditional banking plagued with corruption and scandals where only a small closed and selected groups are the main beneficiaries.

The webinar introduces the protocol with its open finance principles and guides participants into the operations with these key points: TRAMS DEX is one of three key operations from the TRAMS ecosystem with the main operating principle of Decentralized Finance (Defi). TRAMS DEX is an Automated Liquidity Provider that enables better and faster user interactions with digital assets. With the innovation of the Automated Market Maker (AMM) solution, traders can easily exchange digital assets at any time with guaranteed market supplies from the liquidity pool without giving up the custody of their digital assets. As a decentralized exchange, TRAMS DEX is able to create open access opportunities for participation without discrimination and any controlling institution barrier.

At TRAMS.io, anyone with an Internet connection and a Web 3.0 wallet can gain access to liquidity where otherwise would be ineligible through traditional finance or banking. TRAMS DEX operates a Decentralized Exchange that offers three (3) impactful functions with a minimal user interface designed for clear navigation.

The first function, global liquidity access or buyable, sellable, or tradable market access. Users of the protocol can easily gain access to “constant” liquidity with a simple crypto assets swap function at a minimal cost of 0.3% transaction fee. Direct wallet connections are automated as well with a few simple clicks. All transactions are secured with blockchain encryptions and conducted on-chain with transaction data records automatically recorded for open access viewing on Ether can in real-time.

The second function, make money from idle assets. TRAMS DEX creates a money-making model for liquidity providers (LPs) on the platform. By supplying idle crypto assets to any pools listed on the protocol, the LP earns a profit share generated from the swapping fees on TRAMS DEX. The liquidity provider profit sharing is proportional to contribution. Profits are calculated at least once every twenty-four hours (24 hrs). True to open finance principles and Defi, participating LPs can withdraw their contribution at any time without any fee or penalty.

Thirdly, earn a high passive income. The TRAMS DEX incentive model lets participants earn high passive income in the form of yields, calculated in APY% (annual percentage yield), simply by staking (or depositing) its native token (TRAMS) on the platform. This encourages participants to remain active on the platform and better maintains constant liquidity reserve. This translates to double benefits for participating LPs, more profits are added on-top of the profit-sharing earning from staking LP tokens on TRAMS DEX.

TRAMS DEX is accessible constantly 24/7 to anyone globally. All associated costs of operations are kept very low and precise by utilizing automated smart contracts and AMM trading algorithms for trade executions and operations. Compared to traditional financial institutions and banks, TRAMS DEX provides better, cheaper, more accurate services.

Bryan Feinberg of Plato Data Intelligence, the Founder/CEO of Etheralabs, commented from New York City via Zoom video call with the support of blockchain as the fundamental architecture of TRAMS DEX and Defi space which offers high data security and transaction transparency for users. As a member of the Blockchain Venture Advisory, he believes Decentralized Finance such as TRAMS DEX has a high adoption rate and direct use case for blockchain applications.

Mamadou Toure, Forbes 10 Most Influential person in Africa and President/CEO of Ubuntu Capital Group, tributes TRAMS DEX for providing access channel to liquidity where traditional banking and capital access are limited to non-existent. He further acknowledged the opportunities TRAMS DEX would create for users world-wide to easily finance business initiatives.

Victor Kong, CEO of VK Capital Digital Funds Pte Ltd endorses William Tien, TRAMS DEX’ Founder/CEO, for his vision and ambition in creating a Decentralized Ecosystem starting with TRAMS DEX following by TRAMS Finance and TRAMS Assets, for phase 2 & 3, respectively, as an alternative to private equity funds for real estates and infrastructure projects with a portfolio size of 1-10 million USD. TRAMS DEX removes the high barrier to entry by drastically reducing mandatory due diligence costs of raising capital, which remains the same as a 50 million USD project. He also credits the intention of listing the ecosystem, TRAMS DEX included, on the London Stock Exchange via reverse IPO within 3-6 months.

 

 

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Blockchain

Self-Sovereign Decentralized Digital Identity

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Time & Date: Wednesday, Nov 4th, 2020
8:30 AM Eastern Standard Time

Speakers: Marco Aniballi (BlockBlox)
Luke Stokes (FIO, EosDAC)
Alex Puig (Caelum Labs)
Gordon Einstein (CryptoLaw Partners)
Sander de Bruijn (Crypto Entrepreneur)

Zoom Info: https://zoom.us/j/89200977541

 

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