Author: dfmines

As the cryptocurrency market cap stands at a staggering $2.53 trillion, it is no more just another alternative financial system. Crypto users don’t want to invest in Bitcoin and altcoins as a future asset that will later appreciate in value. Instead, there is a rising clamor for making crypto a part of the mainstream economy. Visa and PayPal have already introduced crypto payments into their platforms, thus pushing for crypto’s mass adoption. One of the latest projects bringing cryptocurrencies to the mainstream by lowering the barrier to entry is @Pay. The project aims to open up into unexplored terrains for everyday crypto transactions. @Pay: Defining New Frontiers for Crypto ‘Buy Now, Pay Later’ transactions are becoming more common in everyday finance, and traditional financial platforms like PayPal who has been offering it for a while. @Pay is a DeFi protocol providing eCommerce payment solutions for merchants and consumers. It has garnered attention for being the first-of-its-kind ‘Buy Now Pay Later’ (BNPL) platform in the blockchain and cryptocurrency space that offers cost-effective solutions for all stakeholders. The Australian platform is already showing signs of success due to its interest-free ecosystem and low entry cost. It comes with the promise that shoppers no longer will need to pay any interest or late fees for availing of BNPL products. @Pay comes with its own integrated wallet, which enables users to buy products on the platform and pay using the crypto in their platform-integrated wallet. This removes the complexity of integrating any third-party crypto wallet and makes cryptos easily accessible to everyone. When a user creates an account on @Pay, they get a base credit of $250. However, if the shoppers make timely repayments, they can increase their credit limits up to $1,200. @Pay enables buyers to purchase products and make payments for them in four installments over a period of three months. The best part is that it charges no interest and only has a fee of $6 per month for the management of users’ accounts. Another interesting facet of the protocol is that users can stake their approved stablecoins to fund @Pay’s BNPL features. In return, they can receive @Pay yield tokens and earn a variable yield throughout the staking period. Additionally, users will also get @Pay tokens from staking, which they can farm to generate more passive income. The @Pay Token An integral part of @Pay is the @Pay token that powers the protocol. @Pay tokens are used for the purpose of governance and distributing platform rewards. The protocol however offers the option to mint more coins in case the supply runs out to cater to ongoing demand. The beauty of this is that all newly minted governance tokens will be based on new revenue-generating transactions on the platform. How Will @Pay Impact Future Transactions? To understand the effect that @Pay will have on the market, we first need to look at two things. Firstly, we have the exponential growth of eCommerce and its staggering sales figures. As countries across the globe witnessed repeated lockdowns due to the COVID-19 pandemic, more people flocked to online shopping. In 2020 alone, eCommerce sales reached a record high of $4.28 trillion. Secondly, BNPL significantly reduces cart abandonments and increases purchase sizes. The BNPL provider, Afterpay, has seen an 83% sales conversion when shoppers get the BNPL facilities. Klarna has also documented how BNPL shoots up the basket size by 68%. Realizing the market requirements, the @Pay protocol seems to be providing the necessary solutions for the merchants and shoppers of the post-pandemic age. With a high credit line and interest-free, no late fees platform, shoppers can make hassle-free purchases. They will no longer need to depend on their interest-heavy credit cards to get hold of the items they need. Furthermore, the elaborate rewards system ensures that shoppers will never want to default on their payments. In tokenizing BNPL features using sophisticated smart contracts, @Pay is at the forefront in driving mainstream crypto adoption. It will not be surprising to see them become one of the biggest platforms for crypto micropayments in the coming years.

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I am dumb and I have some ethereum on my trust wallet from a while back. 0.014, I can't seem to swap it for anything since the fees are higher than my balance. Uhm yea i am stuck 🙁 submitted by /u/this_dude21 [link] [comments]

ADALend is a scalable and decentralized lending protocol governed by a decentralized autonomous organization (DAO). ADALend will offer various features that will provide its users with decentralized financial instruments accessible to everyone with access to the internet, without the complicated KYC requirements of the mainstream banking system. The protocol will improve digital assets’ capital efficiency by enabling assets accumulated to fund multiple loan pools. The protocol will utilize the Cardano blockchain to flesh out DeFi potential as a viable replacement to the traditional financial sector. Green Blockchain Blockchains of the future will be required to have a lower impact on the environment, working efficiently without consuming enormous amounts of energy to remain operational. Cardano has been one of the most energy-efficient blockchains in the industry. 1.6 million times lower than bitcoin and well below the average level of high market capitalization coins. Cardano has also announced its partnership with Veritree creating “The First Global Cardano Impact Challenge,” an initiative that aims to reinvest donations into replanting trees worldwide. Platform Security The Cardano codebase was developed in Haskell, a widely popular programming language explicitly chosen for its ease of auditing. The Cardano blockchain will offer a protective layer of security for the ADALend protocol to function without breakdown, unlike many DeFi protocols that suffer from issues due to its blockchain complexity. ADALend is considered one of the most efficient and stable DeFi platforms on the market. ADALend will also enjoy the further developments in the Cardano blockchain performed by Input Output Hong Kong (IOHK) which has a very strong team that is always working on further improving the blockchain. Summary In reality, these are the two major factors that will be considered when looking for future providers of financial instruments. Efficiency and security will come as a top concern for users in 2022 and beyond. The replacement of the mainstream banking system will not happen overnight, but it is the constant enforcement of stable alternatives that will be considered the end of traditional financial services. Adalend had an oversubscribed seed round earlier last month; with the private sale round running out quickly, many investors are rushing in to guarantee their spot in the private sale. To find out more about ADALend, visit their website and read their whitepaper.    

Hi all, I have about 30 bucks of an ERC20 token that I want to get rid of in my Metamask wallet. In the same wallet I also have about 100 bucks worth of ETH. What I'd like to do is to convert the token to ETH and move all the ETH to another wallet…
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Decentralized oracles are specially created to achieve deterministic results that rely on cause and effect in comparison to an individual relationship. A decentralized oracle solves security issues by providing a trusted and reliable system. More so, it bridges the gap between blockchain smart contracts and external data sources by applying the traditional method of using API to fetch data. They obtain data from the most trusted sources and deliver it to the user through the blockchain and external data sources. The Plugin is the agnostic decentralized oracle. It offers a cost-effective solution for any smart contract on the XinFin ecosystem. Additionally, it provides a high level of security and scalability for all kinds of blockchain technology that implements its data feeds. Consequently, the main benefit of using a Plugin is the data feeds are being provided by the platform at a very low and affordable cost compared to any other oracle provider. Also, the data feeds are highly diversified as per the needs of the customers and the XinFin community. Plugin ecosystem’s token PLI token is a powered token developed on XinFin’s XRC20 Standard. The main goal of the Plugin is to reduce the gas fees, increase transaction speed, and deliver hundreds of Dapps that can connect to Data Oracle and reach millions of individuals globally. GoPlugin.co collects data from various external sources, consolidates, and ensures the correct value is provided to its user at any point. Thus, it is the most difficult part of any decentralized oracle provider that is highly trusted by all its users. Plugin Listed on Bitrue and Globiance Exchange Currently, Plugin is listed on some well-known crypto exchanges.  The plugin was listed on one of the top crypto exchanges Bitrue. Furthermore, Bitrue is a well-known cryptocurrency exchange with support for trading, loans, investments, and more. The main aim of Bitrue is to utilize blockchain and new technologies to enable all users to access fair financial services, despite their location in the world and their economic position. Finally, the Plugin is listed on Globiance, which is a financial services group consisting of cryptocurrency exchanges and financial institutions. The Globiance platform covers the exchange and trading of crypto and fiat currencies, stable coins in major currencies, payment solutions, and worldwide transfers. Plugin is now available to trade on Globiance. So, the users of Globiance can easily trade Plugin on this crypto exchange platform.  

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Let's say I have a withdrawal of ETH pending from Ronin and I wanna wait for the gas fees to lower. What's the maximum time frame I can wait? If I wait lets say a whole year, Would the time taken for my eth to be received after I pay the gas fees change and…
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Houston's firefighter’ pension fund announced its investments in Ethereum and Bitcoi. Total amount of investments made is $25 million. Do you see this as an important step in crypto adoption? submitted by /u/SimpleSwapExchange [link] [comments]

XanPool positions itself as a “Uniswap-like” crypto-to-fiat AMM relying on the liquidity of its participants.