Author: dfmines

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Experts have already identified this year 2022 as the period of game finance (GameFi)  development and metaverse popularization. And if projects manage to successfully combine these two areas by offering simple and clear mechanics for managing and multiplying finances, then such companies immediately draw the attention of investors and users. One such project could be the Bot Planet ecosystem combining DeFi, GameFi and Play-To-Earn gaming solutions on one platform. How the company turns modern financial technologies into an exciting game is considered below. Manage and earn: new opportunities with Bot Planet The Bot Planet ecosystem unites various projects, including a lottery, Play-To-Earn game, and native series of non-fungible tokens (NFT). As of now the company is focused on the development and launch of a cross-platform wallet and a decentralized exchange (DEX), where each user can not only buy and sell cryptocurrencies, but also earn on staking and yield farming. “Nowadays many companies are launching native wallets with a limited number of functions and one or more blockchains support. We went further and developed a cross-platform wallet enabling to store and manage fiat and cryptocurrencies”, the company explained. In fact, the new wallet will be a single storage for all finances. Сryptocurrency holders will be able to securely store and pay for goods and services in cryptocurrencies.The wallet automatically converts cryptocurrencies into fiat money and also allows you to quickly transfer funds to other wallets or add funds to a bank card. Bot Planet also intends to issue a BOT Visa debit card, linked to the wallet. The card holders will be able to quickly and conveniently pay for goods anywhere using payment terminals with a card reader. “Our next product will be BOTSwap Decentralized Exchange, based on the P2P platform principles. All transactions occur directly between users, our company offers only a platform for transactions”, Bot Planet representatives explained. To exchange one cryptocurrency for another, users will have to submit an order and wait for another user to reply. Then, the exchange is made according to stipulated terms. Going forward, BOTSwap will offer other popular ways to make money, such as yield farming and staking. “We will launch a special staking and farming program for native BOT tokens, so all asset holders would be able not only to get involved in the platform development and pay for internal ecosystem services, but also receive passive income”, the company commented. The wallet and DEX triggering is scheduled for the first and third quarters of this year. Game tools from Bot Planet GameFi will be another trend for ecosystem development. Bot Planet developers are working on the launch of a blockchain lottery and Play-To-Earn game. These two products will allow users to earn BOT tokens and other cryptocurrencies by completing levels in a new computer game. “BOTLottery is an additional service to get a chance to win big and provides the system with an additional deflationary mechanism. The user buys a digital lottery ticket in the system, then the smart contract generates a random four-digit code, where each figure has a value from 1 to 14. Once generated, the code is sent to users for matching. If the numbering in the ticket and in the code is the same, the user is considered the winner, and users who match the first 2, 3 or 4 numbers will also receive a guaranteed reward”, the company explained. The next step towards using GameFi solutions will be the launch of a Play-To-Earn game that will be inextricably linked with NFT tokens. As the developers explained, BOT GAME V 0.1 will be a card game where NFT token figures will be the main characters. With BOT tokens users can join the game, compete against opponents and earn cryptocurrency. “As for now, we are finalizing the NFT collection and will reveal it soon. And in the second quarter of 2022, we plan to introduce a marketplace where users can purchase tokens”, the company says. The game demo version will be offered this year and its release is scheduled for the first half of 2022. Review This year 2022 promises to be generous with new metaverses and GameFi projects that will turn a boring money-making activity into an exciting game. The Bot Planet ecosystem offers ready-made solutions for earning money using game mechanics and allows users to earn passive income from staking and yield farming.

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Blockdaemon, an independent blockchain infrastructure platform & staking-as-a-service provider, today announced a new partnership with Energy Web, a global nonprofit organization building operating systems for energy grids using open-source decentralized technologies. As a certified Energy Web validator node operator, Blockdaemon will work to support the success of the Energy Web Foundation and ecosystem. Energy Web’s…
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In 2021, many smart contract platforms competed for users’ attention and attempted to be the next Ethereum killer. The terms DeFi, GameFi, and NFT, have been all over the media lately, and any of these would not be possible without smart contracts. As more smart contract platforms are introduced, it becomes hard for newcomers to choose which is right for them. This article will examine some of the most popular smart contract platforms and share our hands-on experience with them. Ethereum Token: ETH TPS: 10 Ethereum is the world’s first smart contract platform. Developers create decentralized applications (dApps) on the Ethereum Virtual Machine (EVM) with an object-oriented programming language called solidity. Users can interact with dApps that operate autonomously. Since Ethereum is the first smart-contract-enabled blockchain platform, it has a lot of active developers and has the most Total Value Locked (TVL) in DeFi as far as blockchains are concerned. However, despite being the most popular smart contract platform, it still has a few downsides that make us try to stay away from it when possible. One drawback is the slow transaction speed since Ethereum can only process around 10 transactions per second (TPS). The other problem is the hefty transaction fee it charges when the network is busy, in which the fee may sometimes cost more than the transaction per se. Binance Smart Chain Token: BNB TPS: 60 Binance Smart Chain (BSC) is a smart contract blockchain that is fully compatible with the EVM, so developers can leverage existing tools to write dApps without having to learn an entirely new language. In addition, the increase in transaction speed compared to Ethereum is welcoming. BSC started to gain traction earlier last year, it forked a lot of Ethereum projects that bootstrapped the entire ecosystem, and in the latter part of last year, we see GameFi booms on BSC. One most notable concern that many community members have is the centralization of the Binance chain since Binance is a centralized exchange, and most of its validators are connected to Binance. Nonetheless, BSC has a unique and strategic position in the entire crypto ecosystem. Avalanche Token: AVAX TPS: 4,500 Avalanche is an open-source platform for launching DeFi applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first smart contract platform that confirms transactions in under one second with finality on every block. It provides a new consensus mechanism with an adaptable platform optimized for enterprise adoption and developer needs while solving the challenging problems of scaling and security. The AVAX rush incentive plan also ignited the whole Avalanche ecosystem last year, with large price swings in the latter half of the year. We miss the low transaction fees that Avalanche offered at the very start. Another concern we have is their failure to keep up to date with various promises such as burning the foundation’s staking rewards and the introduction of feeless transactions. If Avalanche could significantly reduce its fees and improve communication while keeping its promises, it’s still a smart contract platform worth keeping an eye on. Solana Token: SOL TPS: 2,000 Solana is a high-performance open-source blockchain. It provides a platform for dApps and next-generation protocols. With its Proof of History (PoH) consensus mechanism, the Solana blockchain allows for breakneck transaction speeds, claiming to scale to over 50,000 TPS on an open network, which is said to be possible due to Solana’s novel approach.This deterministic checkpointing mechanism that is used in place of synchronous consensus. However, Solana’s actual TPS is around 2,000, with more than 3/4 of these transactions being vote transactions. The seemingly inflated TPS widely promoted to the public might reflect the questionable design of the Solana platform. Even though it was once regarded as a crypto rising star, with its six blockchain outages happening in the last month alone, Solana is facing fundamental questions about its network stability, as well as the ability to maintain itself as a Wall Street darling. TRON Token: TRX TPS: 2,000 TRON is an innovative open-source blockchain that focuses on providing a cost-effective settlement solution with the ultimate goal of decentralizing the internet. The high level of scalability offered by the system and its mandate for low costs are attractive propositions for those considering taking their first step into the crypto world. Since last April, the amount of Tether USDT on TRON has surpassed Ethereum to become the No.1 worldwide. TRON became the preferred blockchain for many when transferring and converting stablecoins because of its low fees. The TRON network’s increasing dApps and NFT projects also attracted many new users from other blockchains. However, we noticed that newcomers sometimes brought up the concept of bandwidth and energy on the TRON network. Although understanding bandwidth and energy is not necessary to make a transaction, users should be encouraged to look into them as utilizing these resources by staking a certain amount of TRX would enable one to send transactions or interact with smart contracts for free. Throughout last year, we saw many smart contract platforms rising to compete with Ethereum, and each of them has its pros and cons. There is an incredibly increasing demand for a good smart contract platform, and every platform will eventually have its place in the ecosystem. Investors, users, and developers should take a closer look at each of these blockchains and pick the one that matches their needs best.    

Hello guys, not new in crypto but i recently started taking it seriously and i plan to hold eth for long term. However, i don't want to pay high transfer fees. Right not i want my eth to be transferred back and forth from exchange to wallet. I keep hearing L2 for lower fees. I…
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Ethereum has been up with the recovery in the market, growing as fast as bitcoin in the space. This has seen the market cap of the cryptocurrency rise rapidly. While it had lost its footing in the list of top assets by market cap in the world following the price crash, it has since gained back enough of its previous value to put the digital asset above some of the largest companies on the list. Ethereum Is Bigger Than Walmart With a recovery above $3,200, Ethereum has once again solidified its place as one of the most valuable assets in the financial sector. Although it is only half a decade old, it continues to compete with companies that have been in operation for decades, boasting a higher market cap than others despite their widespread use around the world. Related Reading | Stablecoins Total Market Cap Breaches $179 Billion Mark – Can It Go Higher? After losing about $100 billion of its market cap following the crash that saw its fallen crumble from above $4,000 to below $3,000, it has begun to claw its way back up. At its current price, atheneum’s market cap is back up at $382.34 billion. It’s a long way from its all-time high but a significant value nonetheless, one that puts it ahead of giants like Walmart and Mastercard. The digital asset is now sitting at 25th place on the list of the most valuable assets in the world. While this number may seem a bit low, a look through the list helps put in perspective just how large the cryptocurrency has gotten. ETH settles above $3,200 | Source: ETHUSD on TradingView.com Ethereum sits ahead of world-class names and brands on the list. Most of these are households names and are leaders in their various industries. Besides Walmart and Mastercard, the digital asset boasts a larger market cap than the likes of Home Depot, Alibaba, Disney, Coca-Cola, Pepsico, among others. Where Does Bitcoin Sit? Bitcoin is the most valuable cryptocurrency in the crypto space. Its market cap is twice as large as that of ethereum, which holds the spot for the second-largest. With a market cap of $839.60 billion, bitcoin sits considerably higher on the list compared to the number 2 cryptocurrency. Related Reading | Three Arrows Buys Your ETH, Addresses Swell After Hinting Bearish Stand Presently, bitcoin’s market cap places it at 9th place on the list of most valuable assets in the world. It comes out ahead of social media giant Meta (formerly Facebook), payments giant Visa, legendary investment firm Berkshire Hathaway, among a slew of others. It is truly remarkable what assets in the crypto space have been able to achieve despite the industry being a little over a decade old. The more the space grows, the higher they will move up on the list. Featured image from Currency.com, chart from TradingView.com

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“To be a world leader, Canada needs to make sure cryptoasset experts and investors are telling us what policy they need or what policy they don’t need,” said Michelle Rempel Garner.