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Blockchain Game Featuring In-Game Sidechain and Delegated Proof of Stake Adopts ERC-1155

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CryptoFights

Game studio Thoughts in Motion, Corp. has announced its end-to-end blockchain role-playing fighting game CryptoFights will adopt Enjin Coin’s platform to create in-game items using the next-generation ERC-1155 token standard. CryptoFights has broken new blockchain gaming barriers with the use of Delegated Proof of Stake, a democratic consensus system that yields high-performance gameplay and enables trustless, secure state changes for rounds. CryptoFights’ game client communicates with a decentralized sidechain backend and doesn’t depend on centralized servers for operation.

CryptoFights, an innovative 1vs1 role-playing fighting game by Thoughts in Motion, utilizes blockchain technology to manage in-game assets and gameplay. Featuring serverless gameplay, CryptoFights uses a sidechain to enable high-performance gaming while securing game assets on the Ethereum mainchain. It can be described as a turn-based Street Fighter, with interchangeable weapons and armor providing a real-time strategic advantage to players who outmatch their opponents.

The trustless gaming architecture of CryptoFights utilizes blockchain validation to prevent cheating and provide transparency. End-to-end integration of blockchain technology into its game mechanics and economics makes CryptoFights one of the most ambitious blockchain gaming projects in development.

CryptoFights will utilize the ERC-1155 Crypto Items Standard to mint in-game assets on the Ethereum blockchain. This groundbreaking new token standard has recently made headlines given its potential to replace ERC-20 and ERC-721. Created by cryptocurrency project Enjin Coin (ENJ), ERC-1155 offers the flexibility to create fungible, non-fungible, and semi-fungible tokens. It also enables developers to place the majority of their code into one core contract and use identifiers to prompt an infinite number of tokens to draw from that single set of source code. This monolithic approach to code distribution will not only serve to drastically cut down the vast sums of redundant code copy-pasted into every token; it will also reduce gas costs by up to 90% when deploying the hundreds of tokens used by most games.

CryptoFights will also use Enjin Coin to back the value of their items, meaning in-game items, represented by ERC-1155 tokens, will contain an amount of ENJ that users can later retrieve by “melting” their items. Users can also buy, sell, and trade their ERC-1155 tokens through third-party platforms, while CryptoFights is able to monetize these external peer-to-peer marketplaces with transaction fees automatically obtained and allocated using Enjin Coin’s smart contracts.

Using ERC-1155, CryptoFights can also save on gas fees by bundling transactions. For example, on June 24, Enjin Coin’s developers became the first team to conduct an on-chain transaction with more than one class of token. In a single transaction containing 102 different token types, Enjin Coin developers sent 10,000 ENJ-branded ERC-1155 tokens (to simulate cryptocurrency), 500 “Gold Coins” (to simulate in-game currency), and 100 one-of-a-kind items (to simulate unique in-game items). The total gas cost for this complex transaction was just $2.42.

Join the CryptoFights community: https://discordapp.com/invite/EJrMsHW

Contact:

Adam Kling

Founder

[email protected]

https://cryptofights.io

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A Guide to Exploring the Singaporean ETF market

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Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.

The Singaporean ETF Market: Exponential Growth

The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics. 

One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.

The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.

Regulatory Landscape and Investor Protection

The Monetary Authority of Singapore (MAS) is the…

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore

Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

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