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OpenDAO Governance Token OPEN Will Launch in DeFi Bull Market

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The launch of OPEN tokens on November 26 may be in time for investors. Moreover, there are specific fundamentals that may support prices. 

In less than a week, OPEN, the governance tokens of the OpenDAO protocol, will launch as per an update on Nov 12. The release will allow users to purchase the ERC-20 token from Uniswap and Cash Box.

Uniswap’s liquidity will be provided by Cashbox Liquidity Providers (LPs). Those with allocation will receive tokens 24 hours before the official listing.

DeFi’s Value Proposition

Decentralized Finance (DeFi) is currently on an uptrend. Backing the stellar performance of the sub-sector’s tokens are the value proposition presented by some of Ethereum’s leading protocols. A BTC Peers report shows that DeFi is transforming online businesses.

Broadly, DeFi encompasses lending, derivatives, insurance, swapping, and DEXes. Currently, a big part of assets under management by open finance dApps are locked up and managed by lending dApps. According to trackers, Maker is the most dominant dApp, locking over $2.4 billion worth of assets.

Despite the potential of DeFi, its upside is capped. Liquidity is drawn solely from within the Ethereum ecosystem. Its market cap is over $57 billion at the time of writing. Its native currency ETH is now trading at over $500, adding 201 percent year-to-date.

The success of ETH prices has a direct effect on DeFi tokens. Their positive correlation means tokens of protocols benefit as the tide rises.

OPEN Governance Token Launching on November 26

Therefore, the launch of OPEN tokens on Nov 26 may be timely for investors. Beyond that, there are specific fundamentals that may support prices.

One of them is their mission. OpenDAO has the infrastructure ready to bridge real-world assets to the cryptoverse. In their protocol, valuable and physical assets like shares, real estate, invoices, and others can be collateral for loans and for earning OPEN tokens.

The tokenization of real-world assets like Tesla and Facebook stocks, or prime real estate properties enable fractional ownership therefore making them liquid.

The Cashbox Bridge

The project’s lynchpin is the Cash Box. It not only acts as a linkage but evolves projects’ crowdfunding. Cash Box is where an asset’s fair price can be gauged. This way, a pricing mechanism, an order book, that is purely decentralized and trustless emerges. The Cash Box is where users can pool liquid stablecoins (cash) which in turn acts as a perpetual counterparty for a real-world asset funded by Liquidity Providers (LPs).

Through the Cashbox, OpenDAO forecasts the DeFi’s Total Value Locked (TVL) to increase a hundred folds. It shall improve the sector whose operations, they say, resemble a casino. With more liquidity, there are more opportunities for investors.

There are several mechanisms used by the protocol to recover funds in case the borrower defaults. If the collateral is online, a sell order can be triggered via APIs for cash that’s then reimbursed to LPs depending on their share amounts.

On the other hand, real estate and other physical assets can be sold by an approved Special Purpose Vehicle (SPV) who owns and tokenizes the asset. Tokens are then sold to LPs using DAI. This requires the disclosure of personal information.

OpenDAO Incentives

Funds recovered are distributed to LPs. Fractional owners can stake their cash box tokens and earn OPEN rewards, and even borrow loans by presenting their tokens to the oUSD (OpenDAO’s stablecoin backed by physical assets) minter, or the OTL.

Besides owning the underlying asset, LPs earn trading fees. Whenever they stake their Cash Box tokens, they receive OPEN governance tokens as an incentive for liquidity provision. Lenders of OpenDAO’s OPM will also earn OPEN tokens from Nov 26.

OpenDAO has acquired a property in Melbourne, Australia, and tokenized its shares. Purchase of the Australian Real Estate Investment Trust (AREIT) is ongoing. The launch of OPEN governance tokens on Nov 26 via Cashbox and Uniswap could therefore provide an opportunity for investors to take control of a protocol aiming to link real-world assets to the cryptoverse in a bullish DeFi market.

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IOTA and Bitpanda-Backed Pantos Join Efforts to Launch Christian Doppler Laboratory in Austria

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The official opening of the Christian Doppler Laboratory took place yesterday, with the Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck attending the event.

IOTA, a non-profit organization and creator of the IOTA, IOTA Tangle, and MIOTA, is expanding its focus on the Internet-of-Things (IoT) industry through its blockchain technology. On November 26, IOTA announced a partnership with Bitpanda company Pantos to foster research in distributed ledger technologies and their use in IoT. Within the partnership, the companies have launched a new laboratory. Named the CDL Blockchain Technologies for the Internet of Things (CDL-BOT), it will be housed at the Vienna University of Technology. It will accelerate the everyday use of DLT.

IOTA and Pantos Opened New Laboratory

The official opening of the Christian Doppler Laboratory took place yesterday, with the Austrian Federal Minister for Digital & Economic Affairs Margarethe Schramböck attending the event. According to IOTA and Pantos, the laboratory will run for seven years. Besides, it will be headed by Prof. Stefan Schulte and employ several postdoctoral and doctoral students.

For IOTA, the Christian Doppler Laboratory marks an important step in deepening its academic research about the Tangle. It will also benefit from a partnership with leading European private sector initiatives, which will ensure the relevance of such activities across industries.

IOTA co-founder Dominik Schiener said:

“Together with the world-leading academic institution TU Wien and Pantos as a cutting-edge technology provider, we will jointly focus on the interoperable transfer of digital assets and trusted Internet of Things while expanding our footprint in Austria specifically.”

As for Pantos, the collaboration will enable it “to stay at the forefront of interoperability development”. It will also “solve one of the biggest complexities in this young but steadily maturing industry”.

IOTA Foundation’s Research into DLT and IoT

IOTA Foundation is a global non-profit foundation that backs the research and development of new distributed ledger technologies. It aims to solve the fundamental blockchain issues like scalability, environmental sustainability, and cost.

The company is a board member of the International Association for Trusted Blockchain Applications. Furthermore, IOTA Foundation is a founding member of the trusted-IoT alliance as well as the mobility open blockchain initiative (MOBI). It promotes blockchain and distributed ledgers in regulatory approaches, the IoT ecosystem, and mobility.

Back in 2018, IOTA partnered with Volkswagen, Bosch, and Fujitsu. The three big multinationals started using its Tangle Technology to automate their products and services. In October, IOTA Foundation announced working with the Japanese government. They launched a project that seeks to transform the country’s industrial infrastructure using IOTA systems. Besides, on November 24, IOTA completed a standardization update to assure interoperability between devices and systems that employ IOTA-based software.

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Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.





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Five Most Promising DeFi Projects of End of 2020

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The rise of the DeFi sector has brought a lot of new projects to the attention of the crypto community, as DeFi aims to offer decentralized banking services, particularly targeting the unbanked and underbanked. 

The year 2020 has been a great year for cryptocurrencies. Despite the fact that it has been one of the worst years in recent history — one that brought a global pandemic, worldwide protests, and more — it finally allowed crypto to start heading down the real road of recovery.

At the time of writing, Bitcoin’s price sits above $19,000, which is the first time in almost three years that it went up that high. In fact, the coin is currently not far away from its all-time high — only $1k away. With another bullish wave, BTC could bridge that distance within a few hours.

Then, there was the DeFi boom, which finally brought decentralized finance, as well as products and services that the sector has to offer to gain the attention of the wider crypto industry. DeFi skyrocketed this year, and it continues to impress. There are also plenty of new trends, as well as predictions of trends that have yet to come in 2021.

With many new projects rising to new heights, many are interested in discussing which might be considered the most promising coins at the end of 2020, which is what we decided to discuss today.

Top Five Most Promising Projects

Royale (ROYA)

The first on the list is Royale — a cross-chain DeFi protocol that focuses on the iGaming industry. Royale connects DeFi liquidity providers with entrepreneurs seeking to bootstrap their own innovative ideas for iGames and platforms infused with blockchain’s transparency and security. Royale’s unique smart-backed liquidity protocol provides that connection, a combination the team calls iGDeFi.

The native ROYA token is one of those rare versatile cryptocurrencies that can be used for liquidity mining, staking, paying stability fees and opening smart-backed liquidity positions. ROYA certainly has a unique use case in the growing DeFi ecosystem because it gives liquidity providers access to uncorrelated value flows based on the platform’s exposure to iGaming investments.

Royale Finance is a platform that provides the support that smaller iGaming platforms need to compete effectively in a fast-growing market supercharged by extended Covid lockdowns and the like. Newer iGaming offerings can attract new players through the use of Royale’s DeFi-backed bankrolling service as well as a suite of Provably Fair games, all of which are supported by its own community. In one convenient package, Royale is a DeFi yield optimizer and decentralized iGaming aggregator that is secure, immutable, and transparent. Learn more about Royale Finance on the project’s website, Twitter and Telegram.

DeFi Million (DEMI)

Next, we have DeFi Million, which brings a new way of decentralized finance interactions between users. This particular project has over a million users that make up its network. The project also has its token, known as DEMI Token, which is available for purchase on Uniswap and other top exchanges.

The token can then be used for staking, trading, or farming. The project is currently in the middle of a private sale, with a public sale expected to follow next.

The project also has a mobile app, The project shares its DEMI Tokens to their global telegram community, while the token owners can use the coin for staking or trading, and earn more.

HARD Money Market (HARD)

In the third spot, we have HARD Protocol, which is a cross-chain money market that exists on the Kava blockchain. This is a new project which launched only a month ago, in mid-October. However, since then, it has distributed more than $1.05 million worth of rewards.

The project offers a variety of decentralized banking services, including lending and borrowing, which lets users use their existing cryptocurrencies to earn more money. The project is backed by a number of industry giants, including Binance, OKEx, BitMax, and others.

The token holders also have a say in the project’s maintenance and evolution, as it gives them the voting right through which they get to impact the project’s development and future.

Level01 (LVX)

Level01 is another noteworthy project, which offers a platform with AI-guided derivatives trading. It has its token, LVX, which is an ERC-20 token that can be used within the platform’s ecosystem for generating profits through hosting tournaments and trade groups.

The project attracted a lot of attention due to its partnership with Bloomberg, with plans to incorporate Bloomberg Data into its FairSense AI, thus improving the customer experience by

Kava (KAVA)

Lastly, there is Kava — a DeFi lending platform for digital assets that allows users to earn high-yield on their digital assets. Kava offers users to safely store their tokens on the industry’s standard for state-of-the-art security. It also offers the use of a Binance-owned mobile crypto wallet, and it provides institutional-grade support, backed by the most trusted bank in the crypto industry.

The project is backed by many influential businesses, including Binance, Huobi, OKEx, Ripple, Kraken, Cosmos, and others. Its KAVA token is the native governance and staking token of the project’s ecosystem. Furthermore, everyone who owns it has the right to vote, make decisions, and otherwise contribute to the project’s development and future.

Conclusion

With that, we would end our list of top five projects to watch for as 2020 comes to an end. The rise of the DeFi sector has brought a lot of new projects to the attention of the crypto community, as DeFi aims to offer decentralized banking services, particularly targeting the unbanked and underbanked.

DeFi makes itself available to everyone. It allows people to earn money through ways other than trading, which is a perfect way for HODLers to continue to benefit from simply owning crypto. This sector is developing and growing rapidly, and many believe that it is the path that the crypto industry will focus on from here on. With that in mind, projects like these are the ones that should be kept an eye on, as they have great potential to rise to the top and become leaders of this sector of the crypto industry.

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Wholecoiner Wallets Take Huge Chunk Leaving 5% of BTC Market Cap to Rest

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Every year, the number of “wholecoiner” Bitcoin wallets holding at least 1 BTC has been increasing gradually. Now, the remaining addresses with less than 1 BTC account for just 5% of Bitcoin’s market cap.

Bitcoin wallets holding 1 BTC or more — dubbed “wholecoiner” wallets — take 95% of the popular cryptocurrency’s entire capitalization, according to new data that recently emerged. Meaning just 5% of the market cap remains, which users with a balance of less than 1BTC, assumed to be tens of millions, have to share amongst each other.

BTC Wholecoiner Addresses Rise Year-on-Year

Despite Bitcoin continuously displaying impressive price rallies, wholecoiner addresses numbers have risen steadily year-over-year since 2009. Addresses currently holding at least 1 BTC are anticipated to be over 800,000.

The total BTC value of less-than-wholecoin addresses is around $16 billion while those of wholecoiner addresses is almost $301 billion, according to Bit Info Chart. in early 2016, prior to the second BTC halving, the largest dip of wholecoiners occurred when there was a 13.5% fall in the number of addresses holders of at least 1 BTC, from 520,000 to 450,000 as revealed on the linear chart.

Wholecoiner growth also stagnated in the period for 12 months beginning from December 2017 throughout the whole year of 2018, when addresses numbers oscillated between roughly 720,000 and 690,000. Reportedly, balance-bearing Bitcoin wallets of wholecoiners is around 0.47% since Bitcoin addresses currently holding less value of BTC are over 32.95 million.

Addresses Holders with at Least 1 BTC Surge in 2020

In September, the Bitcoin wholecoiner club hit a new all-time high when the number of addresses rose to 823,000. Top-tier exchanges showed data points of retail traders accumulating, making the number of wallet addresses holding a whole Bitcoin to rise rapidly. Big capital inflows in the crypto market seen in August attracted not only institutional investors but also retail ones, causing the accumulation of the digital asset to occur at a rapid pace over the past weeks.

In April, the Bitcoin Twitter community turned a certain Colombian Sats Stacker to Wholecoiner in just Under 24 Hours. After revealing that he had bought an extra 0.3 BTC to increase his Bitcoin stack amount, the Columbian got donations ranging from a few thousand sats to 0.01BTC and even to an undisclosed value. The events made the Colombian the owner of a whole Bitcoin in just a matter of hours.

Investors Project Good Prospects Due to the Increase

The rise in the number of wholecoiners is crucial as it shows that a lot of people are pegged on increasing their crypto reserves. Meaning, if the number of addresses with at least one Bitcoin increase, trust in BTC’s medium and long-term prospects will significantly escalate as investors expect the cryptocurrency to bring good business.

Related to the wholecoiners, the whales have been causing a significant impact on the crypto environment. They are the risk-loving high-net-worth individuals who determine the direction of the cryptocurrency market. Through their bulk buying and selling activities, they are able to influence the price of BTC. For instance, yesterday, Coinspeaker reported whale activity having caused a sudden 11% drop in BTC price. At press time, BTC was just oscillating under the $17K mark.

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