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Here Are 2 Revolutionary Decentralized Applications To Be Built On The Zilliqa (ZIL) Platform

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Zilliqa

As the crypto market continues to try and find a footing in terms of stability, the team at Zilliqa (ZIL) are continually making progress with respect to on-boarding teams for Decentralized Applications on the future MainNet that will be launched on the third quarter of this year.

In the communication via the official Telegram Channel of the Zilliqa project, two Decentralized Applications will be created on the platform.

They are:

  1. Spokkz – www.spokkz.com
  2. Bolt – http://bolt-token.global

The first DApp, Spokkz, is a community-driven film and TV blockchain ecosystem that is an initiative of Spuul. Users will be able to view, vote, fund and support their favorite media projects in a decentralized system and marketplace. This way, no one network has sole authority over airing a media production or even canceling it. We are all aware of instances where networks have canceled shows much to the protest of loyal viewers.

The project aims at cutting the monopoly of the large studios and associated middlemen who impose their will on the viewers. The concept is based on crowdfunding, as earlier mentioned, where viewers will join producers, content creators, distributors, stars and advertisers as equal shareholders.

The second DApp, Bolt, also aims at cutting out the middlemen that mark up the cost of having media content accessible to the end user. Bolt will be an Open Entertainment Economy. BOLT users will trade tokens with other users and content providers in exchange for content and other services such as data and education resources.

The Zilliqa MainNet will be ideal for such projects since the platform is scalable, secure and revolutionary through the use of the easy to use Scilla Programming language. The current version of the TestNet has impressed by handling up to 2,488 transactions per second using 6 shards and 3,600 Nodes. This speed will be ideal for handling decentralized media content.

The team at Zilliqa is currently preparing the release of the next version of the Testnet with the current roadmap still on course to release the MainNet in the third quarter of this year.

With respect to the price of the token in the crypto markets, the token has been affected by the momentary turmoil due to the events of the Coinrail hack and 4 exchanges being investigated by US Authorities. ZIL is currently trading at $0.086 and down 12% in 24 hours. However, the mood and feel are that the current conditions are only temporary and will only last for a few more days.

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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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