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Cardano venturing into new territories with VR enabled Blockchain education

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Cardano

There is no denying that we are living in a fast-paced world of technological advancements. For instance, Virtual Reality has come a long way and currently, there are all sorts of VR experiments going on in the education space where the technology is being used to explore and study virtual concepts as tangible objects. In fact, the Cardano team is already at work in this sector.

Cardano is making bold moves into these uncharted territories with a bid to create the first of its kind 3-D environment that will enable users to navigate and explore tangible concepts of Blockchain technology. Granted, the world has already had a fair introduction to Blockchain technology with the advent of Bitcoin, however, this new project is set to allow people to understand specific details.

The Symphony of Blockchain project

If word from IOHK is anything to go by, the complexity of both Blockchain and the current state of VR makes up a perfect combination for a space that is ripe for disruption. Charles Hoskinson, the CEO at IOHK, mentioned that

IOHK has a commitment to both education and design

He also added that the move to use VR to educate people on Blockchain technology is “beautiful as much as it is functional and our hope is that it will help make Blockchain truly understandable for a whole new audience”.

The plan by IOHK (the organization backing the Cardano project) is to give the world a top gift that will enable visual and understanding of Blockchain technology using captivating VR technology.  People will be able to interact with the hidden concepts that make up Blockchain technology in an entertaining and easily digestible manner.

After all, IOHK is already enabled with interactive and imagery text features that allow visitors to its website to dig deep into understanding what Bitcoin is with clickable Bitcoin blocks and music that deliver detailed information and understanding.

Taking Blockchain understanding further

IOHK is working closely with a creative studio based in the UK in a project termed the Symphony of Blockchain, to create a web-based experience that will be a combination of an auditory as well as visually interactive experience that allows people to explore the concept of cryptocurrencies and Blockchain technology.

According to the projects team leader, the journey so far has been fascinating as the team has had the opportunity to “learn a lot about this underlying technology and sort of finding it a metaphor in which we can use this as a means for people to compare different cryptocurrencies”.

He also added that the team behind the project is poised to make the experience a once in a lifetime event that will eventually educate users and give them the tools they need to adequately compare cryptocurrencies such as Bitcoin, Cardano, IOTA and the likes. Users will also be able to understand the concept of forks and even go back to specific dates when the forks happened and get complete details in a fun and entertaining manner.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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