Silicoin Network AMA on Hotbit exchange

Silicoin Network AMA on Hotbit exchange

Q1 At the beginning, can you introduce yourself to the community? How and why did you join to Silicoin team?

Hi everyone, and happy new year! Thank you, Hotbit and all cryptocurrency fans, for coming. I started mining in 2015 and leave away from Amazon in 2018 summer to conduct personal cryptocurrency investment and technical research at home.Last June, Charlie invited me to join the Silicoin team to do some marketing work.

Regarding Silicoin, my first impression was that I thought this project had a promising future, so I started working desperately.

I have to say that Silicoin’s community building is magnificent, and I am delighted to be one of them and start my Silicoin journey.

Q2 Could you briefly introduce Silicoin project?

Silicoin is an innovative and open project.

Innovation. Silicoin is a mining token. This project is one step closer based on POST consensus and proposes a dual consensus mechanism, adding PoS to the original mechanism, Staking. As a result, attempts to solve the disadvantages of PoW and PoS. In addition, Silicoin has many technical innovations and attempts, which will not be introduced here. Instead, you can go to the official website to check.

Open. Silicoin is a community-based project. We created SCA (Silicoin Community Association), an autonomous community organization led by the Silicoin team. Silicoin has always been open to the community, adhering to DAO spirit, whether a technology developer or a member of a miner, can contribute to the project in the community. In addition, we are very open to the new technology and direction of the blockchain, hoping to follow the development of the blockchain and achieve more excellent project value.

Q3 What milestones have Silicoin achieved so far?

In April 2021, the Silicoin team was founded under Charlie’s leadership

In May 2021, the first version of the White Paper was finalized; The PoB consensus mechanism was finalized

In June 2021, the official website was launched; Discord Community was formed; Testnet1.0 launched; The application node is begun for airdrop.

In July 2021, the computing power exceeded 300PiB; Network update rebooted, Testnet1.5 appeared; TSIT began over-the-counter trading.

In August 2021, Logo was upgraded; the Community incentive scheme was launched; The calculation power exceeded 800PiB.

In September 2021, Staking begins testing; First AMA activity; The calculation power exceeded to 1000PiB

In October 2021, tSIT is converted into SIT; The main network was officially launched, and PoB consensus mechanism was born. SIT listed on CitEX

November 2021, when main nets fix bugs, are voted on and rebooted by the community, innovation is Staking the rest of the network. SIT price to new high record; Official SCA launched.

In December 2021, the main network is constantly updated and running stably; The global community continues to grow, numbering over 20,000.

Now, Silicoin listed on HotBit

Q4 Could you share the latest Silicoin progress?

These two months Silicoin will announce a series of news that will benefit the project’s development, such as Silicoin NFT, DAO foundation, and adaptation and development plans for Web 3.0.

Q5 What is the planning of Silicoin in 2022?

Recently, the team will focus on the technological development of the Silicoin network. In addition, of course, we shall also carry out international marketing simultaneously.

This spring, the team and other partners will hold a hackathon so that everyone with lofty ideals can obtain code achievements and financial support to establish a prosperous foundation for the Silicoin Ecosystem.

In addition, Silicoin Token will realize a cross-chain bridge and achieve more innovative attempts on the BSC network, such as DeFi 2.0, GameFi. And shortly, we will definitely let these attempts change on the Silicoin main network.

In Summer, The PoB consensus mechanism and the foreseeable secondary market response will tell the entire blockchain that Silicoin has formed a tremendous influence in terms of market, technology, and community value. All investors and participants will have obtained huge benefits.

Starting in September, with the Rose Network’s arrival, Silicoin will realize the concept of smart contracts or smart tokens. From this, it can be expected that a prosperous blockchain silicoin-based civilization will be born from your perspective.

At this stage, The mining system is not going to make any adjustment during this test phase, but the application nodes will have upgraded to support the smart contract running on the rose network. Besides, cross-chain is also one of the expedition goals at this stage.

By the end of 2022, Mainnet 2.0 will be coming. Silicoin will gradually launch a series of DeFi expansion functions such as SIT financial payment, NFT casting, SilicoinSwap, GameFi, etc., to create a complete Silicoin economic win-win ecosystem.

Q6 According to the last answer, mentioned hot words like DAO, NFT and GameFi, could you tell us more about them?

In the Silicoin network, large-scale ecosystem application construction is temporarily impossible. So has Silicoin, which is willing to explore and innovate, stagnated? No, we will soon develop a cross-chain bridge function so that tens of thousands of Silicoin miners can experience the future of Silicoin on the BSC network.

For example, the popular NFT and GameFi are undoubtedly opening a new portal for the Silicoin ecosystem.

Regarding NFT and DAO, we recently launched a NFT for all Silicoin users, called Silicoin NFT, which has SCA exclusive cards, these are the prototype of Silicoin DAO. In addition, SCA members made many contributions to Silicoin network, including global promoting, community management, project development consultation, etc.

I personally believe that 2022 will be the year of DAO, and any blockchain organization and project will make changes in the DAO revolution. On this basis, Silicoin will salute Web 3.0 at the fastest speed, leading everyone to embrace a new world, Making The World Work Fair And Open.

Q7 What is Silicoin worth to cryptocurrency investors?

Silicoin economic model has always been a benchmark in the industry, which is an excellent investment target for any investor.

We can forecast that the value of Silicoin will keep rising in the long term, and the price will increase steadily. In this economic logic, Silicoin finds the use case of SIT and avoids the monopoly of giants, and helps small miners increase their profits.

The staking system of Silicoin makes tokens integrate into its table fully, long-term and safe ecosystem and form a complete economic circle. This is definitely far more attractive to miners than similar projects. It is enough to make Silicoin outstanding from many mining coins and become one of the best projects with the best community and ecosystem.

Regarding the prospect of Silicoin’s ecosystem, as mentioned in the previous answer, a vast and stable systemic ecosystem is coming.

Q8 In terms of marketing, what following events will be exciting by Silicoin?

The current Silicoin New Year’s NFT Cards Event is coming to an end, and there will be a trading competition with HotBit. In addition, we will actively promote various cooperation with other blockchain projects, such as wallets, GameFi, mining pools, and so on.

Also, the hackathon will begin in the spring to encourage more developers to join the Silicoin ecosystem.

The first classical music NFT platform is online

As a known fact, NFT has set off huge waves in the art world. And in music area, the hurricane effect of NFT is also as scheduled. As NFT become the focus of the music industry, Kolo, which has been incubated by Kuke, has also officially launched. The first trade opening time of the KOLO platform is GMT 7: 00, Jan. 20th, 2022. The first batch of released online works are representative recordings of contemporary top artists. Next, there is the introduction of these cherished artists for everyone:

What artists will be in the starting lineup?

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One of the most outstanding pianists in the 20th century

The writer of the first lot is the Austrian pianist, composer Friedrich Gulda. Gulda is a unique genius in the history, who has achieved huge success in classical and jazz music. In the classical music field, the Beethoven Piano Sonata played by him is considered one of the best versions in the history. Since the 1950s, he got interested in Jazz and improvisation. So, he wrote several songs and instrumental pieces of his own, sometimes, he would also combine Jazz and classical music in his concert. It was this boundary-crossing unorthodox approach that earned him the nickname “Pianist of Terror”, but Gulda is also widely recognized as one of the greatest pianists of the 20th century. His bold innovation of classical music is exactly in line with the core idea of Kuke — “Sound of innovation” — inheriting classics, embracing technology and innovating constantly.

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The greatest cellist since the last century

The second item is from Pablo Casals’ performance of Bach’s six suites for Cello, which is described as the unsurpassed absolute classic of cello works. This legendary work is ill-fated. Until 1890, in a second-hand music shop in Barcelona, a teenager Casals stumbled upon the scores which was wrote by Bach in early 18th century. After 12 years of painstaking study and practice, he performed the first song (BWV 1007) for the first time in public at the age of 25, and immediately shocked the music world. After a long struggle for perfection, the complete album was finally recorded at his age of 60. His version remains unique for its powerful, impulsive and soulful conviction. Casals is now considered the greatest cellist since the last century. He greatly enhanced the status of cello as a solo instrument with his amazing performance and work development ability.

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One of the most eminent violinists of the 20th century

Third up for sale was Ginette Neveu’s Brahms: Violin Concerto in D major. Neveu’s recordings are few and far between, but they remain in the catalog. The Brahms Concerto is one of her best recordings in 1946. Brahms’ only violin concerto, Violin Concerto in D major, Op. 77, is wrote in 1878, which was dedicated to his friend, the violinist Joseph Joachim. Joachim praised it as one of the top four German violin concertos. Despite the age of the recording material, Neveu is still one of the few geniuses in history to have recorded something truly infectious. In 1949, when she was at the peak of her career, Neveu was killed in a plane crash while on tour, and the music world had lost one of its greatest talents. People can only marvel at her electric live performances, track down her rare recordings and lament the untimely death of one of the biggest stars of the century. People can only marvel at the ups and downs of her live performances, pursue her rare wonderful recordings, sigh at the death of a century star.

The combination of NFT and the music industry has become a trend. KOLO’s launch will serve as a starting point and demonstration for the NFT of the classical music industry. KOLO will cultivate people’s consumption habit of paying for digital music, build a better music ecological environment, expand the global digital classical music works territory, and become the core competitiveness in the market.

Follow us:

Official website:https://www.kolonft.com/

Twitter: https://twitter.com/KOLONFT

Telegram:https://t.me/Kolonft

Discord:https://discord.gg/58AcBS3TFW

Biking Not only enhance product competitiveness internally, but also market externally to help overcome obstacles in numerous Exchanges

Nowadays global blockchain-related products are flourishing, compared with the affected by the majority of the industry, which is still in a “dividend period”.

At the same time, there are thousands of trading platforms around the world to provide various types of digital asset trading services.Thus, how to stand out in the fierce competition among peers is a test for every exchange.

Biking Exchange as an excellent newbie quickly entered everyone’s vision recently, and obtain a large number of users quickly. Why Biking Exchange stand out so quick? It is mainly its realization of the product and the market core competitiveness. On the one hand,more stable technology, better experience, richer and more innovative product features enhance user satisfaction in an all-round way . On the other hand, the better partner welfare , merchants and customers benefit activities,are supported fully by users,capital and partners.

Biking Exchange (www.wang.com) is the world’s leading compliant professional blockchain derivatives trading platform, headquartered in Singapore, adhering to the trading philosophy of “safety, freedom, and user first”, serving Europe, America, and Southeast Asia , Hong Kong, Singapore and other 35 countries or regions in more than 120 countries to start trading services.

Biking is committed to providing users with safe and convenient transaction services with a team of blockchain technology experts from the world’s top 100 companies, integrating the world’s top security technology.

Innovative Product, Rich Gameplay, Safety and Reliability

Innovative products: six functions to enhance user experience

For an exchange, continuous product innovation is the original driving force supporting its development. Since its establishment, Biking has continuously developed special functions including bonus trading, cross and isolated mode, trailing stop order,partial liquidation, partial closing, inverse contracts, margin addition, etc.

1.Cross and Isolated Mode

Margin in cross margin mode is shared among the user’s Margin Account:

Assets in cross margin account are shared by all positions.Margin level is calculated according to total asset value and debt in the Cross Margin Account.Each user can only open one cross margin account, and all trading pairs are available in this account. The system will check the margin level of the Cross Margin Account and notify users about supplying additional margin or closing positions. Once liquidation happens, all positions will be liquidated.

In the isolated mode, each trading pair has an independent Isolated Margin Account. Margin level is calculated solely in each Isolated Margin Account based on the asset and debt in the isolated. After the margin loss of a order reaches the Max SL, it will be forced liquidation,as same as in the Max TP.

Note: Cross and Isolated Mode can’t be opened at the same time.

2.Trailing Stop Order

After trailing stop order is activated, all opening and closing position actions of the trader will be executed simultaneously, and synchronization cannot be completed only when the account balance is insufficient or exceeds the upper limit of the position. If there is no manual cancellation of the trailing stop order, the order will continue to be enabled.

3.Partial Liquidation

When holding a certain number of long or short positions, the closing amount can be chosen freely according to market changes and PNL. At the same time, the PNL amount of the position will also be based on the ratio of the closing amount to the total margin, etc. Proportional settlement, the floating profit remains unchanged after the position is closed.

4.Inverse Contracts

The system will automatically close the currently selected holding position at the best market price, and open the same number of positions in the opposite direction at the best market price to avoid missing the reversal market or too late to open the positions.

5.Margin Addition

When holding a certain number of long or short positions, the margin can be added based on the various parameters of the current position, and the position coefficient after the increase will be calculated according to the weighting formula of the respective position parameters when the position is opened and the margin is added.

How to play?

In terms of gameplay, the Biking Exchange has innovatively developed two major functions: fast contracts and bonus transactions.

Fast contract: 0 slippage, easy to use, and smoother experience.

Biking Fast Contract (CFD) is developed by Biking for the new market of expanded contracts. It has the advantages of 100% transaction, smooth order placement, rapid response, and0 slippage.

The first is a convenient experience. Contract trading is more complex than spot and other trading methods, and a friendly user experience is particularly important under such conditions. CFD has one-click opening and closing, partial closing, one-click reverse opening, quick closing and other functions, which are very convenient to use.

Then there is a high-quality trading experience with 0 slippage and one-click transactions. One of the core advantages of CFD is the real realization of zero slippage one-click trading.

Then there is friendliness for newbie. The functions of the CFD are concise and clear, without many requirements of the cumbersome traditional contract products, which are more friendly to newbie.

Finally, it is user-friendly for large users. There is no fee for opening a position in the currency CFD, and a 0.075% transaction fee is charged for closing a position, and the fee is relatively low. At the same time, when the user’s position risk rate reaches 10%, the liquidation will be triggered, allowing users with large funds to freely choose a higher leverage ratio makes trading more flexible.

Bonus Trading: the innovative experience bonus mode is widely welcomed by users

Bonus trading is a new gameplay of special contracts launched by the Biking team for the entire network contract users. The operating process of bonus trading is the same as the real contract. The profit obtained from opening a position can be transferred to the contract account for continued opening. Deposits or withdrawals can be obtained through airdrops and task.

User Traffic, Global Compliance, All-round Customer and Business Benefits

1.User traffic: millions of users spread across 35 countries around the world , recognized by well-known capital

Biking has a digital currency trading platform compliance operating license and a financial derivatives compliance operating license. Since its operation, it has been favored by 1.2 million users worldwide, covering 35 countries including Singapore, Europe, South Korea, Hong Kong of China, and Southeast Asia.

At the same time, Biking’s comprehensive product services and strong user base have attracted the favor of world-renowned capital.

Currently, Biking Exchange has received a strategic investment of $20 million (equivalent to RMB 130m) from Singapore Capital Intabing. Intabing Investment will provide Biking Exchange with global market resource support, and will rapidly expand the global influence ofnBiking Exchange in a short period of time.

2.Global Compliance: Dual-country MSB license promotes global compliance to a new level

At present, Biking has won the MSB compliance operating license issued by Finance in the United States and Canada, which marks the phased progress of Biking’s global compliance.

The US MSB license is a type of financial license supervised and issued by the US Department of the Treasury. The main subject of supervision is money service-related businesses and companies, including digital currency, virtual currency transactions, and international payments. Companies engaged in the above-mentioned related businesses in the United States must apply for an MSB license in order to operate legally. At present, the industry’s well-known exchanges Coinbase, Huobi, Binance, etc. all hold the license.

The Canadian MSB license is issued by FINTRAC. FINTRAC is Canada’s financial supervision unit. It was established in 2000. It is mainly responsible for collecting, analyzing, evaluating and disclosing relevant information about the Canadian financial industry in order to protect Canada’s financial stability and security. The business scope of its fund supervision service is: foreign exchange transactions; transfer and remittance business; cashing or selling money orders; traveler’s checks; virtual currency transactions, etc.

The acquisition of the dual license signifies that the Biking Exchange’s global compliance process has entered a new stage, which will help it play its own advantages, better integrate high-quality resources, and further promote platform construction and technology development. Global blockchain financial derivatives provide better services.

3.Partners: Super high Commission Return + Rich Rewards

Biking currently has launched a limited time partner recruitment. Become a Biking partner within a limited time, which can be rich in rewards.

In the long-term agency rights of Biking, you can get up to 92% of the commission fee return of the first level + 10% of the second level of the commission fee return, and the agent upgrade can also get a maximum of $1 million experience bonus reward. During the event, all levels of agents can get a 1.2 times bonus boost, and get up to 120% commission back.

At the same time, the Biking agent benefits are also very friendly to newbie and other VIP exchange users. Biking implements the agency upgrade model of “Other is mine”, and for newbies, Biking has innovatively launched an agency limited-time experience card service, so that more users who have not reached the agency standard can enjoy agency benefits in advance.

4.User benefits: Rich Growth Tasks and User Incentive Activities

The Contract Task Center of the Biking Exchange splits the various execution steps involved in contract transactions into an interesting and diverse task system. Users can get USDT bonus rewards by completing the corresponding requirements of each task. The more tasks you complete, the greater the reward. The tasks are mainly divided into three categories, namely newbies task, growth tasks and activity tasks.

The specific tasks are as follows:

[Newcomer task]

Successful user registration can unlock the newcomer contract task

Time: 1 month (for new users, the registration date as the calculation time)

Task category: deposit/transaction/first position opening/first profit/loss subsidy/invitation bonus

Note:The opening time of registered users is calculated from the day when the task center goes live)

[Growth task]

After the newcomer’s task is over, it will enter the growth task stage, and each stage will correspond to a different task

Time: unlimited

Task rules: Every time a growth task completion can unlock the next stage of growth task and receive the reward.

【Activity Task】

The Biking Exchange contract will conduct various activities from time to time. Each activity also corresponds to a different task. Once a task completion can get corresponding rewards .

Time: the start and end are consistent with the corresponding activity

Task rules: According to the requirements of special activities

Official Website : wang.live

DAO Farmer — GameFi+DAO, Creating a sustainable ecosystem to ensure the continuity of the game

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Pushing the envelope, GameFi ushers in new changes

GameFi has exploded since September of this year and has become the hottest segment in the cryptocurrency world at the moment. According to Dappradar, a Dapp testing platform, as of November 29, 2021, the number of GameFi daily active users has reached 1.3 million, with a daily turnover of $123 million. Compared with the data on June 1 of the same year, GameFi’s user base grew nearly threefold in six months and daily turnover grew more than 15 times.

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 Let’s not talk about Axie infinity, the dominant player that lasted for more than two years, because Axie Infinity’s success is an inevitable development of the crypto market. But for GameFi to succeed, more innovations and leading protocols will need to emerge. As more and more players, especially from the outside of the crypto market enter the scene, countless projects in the appearance of a game are popping up.

It can be simply understood that the GameFi is more “grounded” than traditional DeFi and is easier to be accepted by the public.

Even if you don’t know blockchain or finance, you can make money by playing games which is attractive to many people and it can attract non-crypto players and capital investment with half the effort.

Ultimately, though, GameFi is similar to pledged liquidity mining where we need to lock in LP assets in a smart contract to receive revenue. But it’s worth noting that GameFi’s format is slightly different from DeFi mining: GameFi requires us to exchange assets for game props (NFTs) before we can participate in-game activities. The simple logic of selling NFTs for pledge mining has attracted a large number of users who have embraced GameFi because it caters to hot spots and super high returns. To capture the market, new and higher-yielding games were launched one after another with similar gameplay except for different backstories. But over time, the differences between GameFi and DeFi led to a change in player psychology. Players began to worry that if NFT could not be sold they would lose all their assets. Many players are not willing to face such exposure.

While established GameFi such as Axie Infinity do not need to worry about this situation since their economic system has been successful, a new and unfamiliar game can lead to the tragedy of NFT props having a price without a market and game tokens going to zero because its economic model is immature, resulting in the inability to get enough players and liquidity to support the game’s development. For example, BnBhero and CryptoMines, which relied on high returns to attract players some time ago, have seen their coin prices plummet along with massive output dumping and a sudden drop in player growth, with the former draining liquidity and the latter falling.

When the market dividend period slowly fades, the game with GameFi shell to rub the heat becomes no longer the first choice of users. After a long period of time, some projects with novelty began to appear slowly. The future of GameFi projects will need to be innovative if they are to stand firm and continue to grow.

DAO on the stage, a new process of DeFi development

GameFi is being updated at a rapid pace, and the DeFi board is on the same footing. People’s thinking about the drawbacks of DeFi combined with the DAO autonomy concept has led to the derivation of a new DeFi framework.

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Liquidity has always been the cornerstone of DeFi, and securing it and improving it is one of the main goals of all DeFi programs. Simply put, I want to be able to trade at all times and want to make trading as cheap as possible, and I need strong enough liquidity on the other side.

If the blockchain market in the past was a train put together one car at a time, then liquidity providers were the rails that made that train fly. But the downside of this situation has gradually shown itself, as liquidity providers have dominated the life and death of DeFi projects since its inception. Often giant whales, large investors and lobbyists choose to move their money to where they get the most reward in liquidity mining rewards, but this also leads to the withdrawal of capital from liquidity after high returns, and a slow bleeding effect as tokens continue to be dumped on the market, which ultimately leads only to extinction. This phenomenon has been commonplace in the liquidity mining boom of 2020, and the current GameFi is much the same, except that capital is needed to buy into NFT game props, and the mining rewards become Play-to-Earn game rewards. And the current GameFi field itself is a top-heavy pattern, bursting into a minority of games, the vast majority of players are also attracted to enter after the big capital has entered the field to obtain high returns.

DAO is known as Decentralized Autonomous Organization, the purpose of DAO is to set the initial rules by voting and write the rules as smart contracts without any centralized intervention and management, all operations of the system are performed by smart contracts only. The code of the smart contracts is open source and all activities of the system are based on the written code.

The key to the disadvantages of DeFi is that liquidity is in the hands of “people”, and once a few people become self-interested, liquidity is no longer reliable. In many cases, the liquidity provider does not form a long-term mutually beneficial relationship with the agreement. The liquidity provider can withdraw at any time and leave the agreement with a mess. DAO’s smart contracts can solve this problem to a certain extent, and combined with the decentralization property that DAO naturally fits, gradually evolved a new type of liquidity relationship such as OlympusDAO — liquidity belongs to the agreement. This is also recently known as DeFi 2.0, which changes the relationship between protocols and liquidity providers through new mechanisms, and ultimately reconfigures the liquidity service itself.

The problems GameFi is currently facing fall largely into this category and some GameFi already in operation such as Radio Caca are already experimenting with locked liquidity to try to solve the problem of game continuity but the drawbacks of centralization need no introduction here, so a DAO that combines Play-to-Earn + OlympusDAO Farmer is the game most likely to be the next breakout.

GameFi + DAO to create a farmer metaverse

In the Newborn phase, DAO Farmer will be launched on the Binance Smart Chain (BSC) and is the first Play-to-Earn farm simulation game on BSC. In the Newborn phase, DAO Farmer is designed as a Play-to-Earn farm simulation game where players can complete the game process with simple actions to earn great rewards.

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In this phase, players of DAO Farmer can get high returns with the tools. Backed by the mature GameFi ecosystem of BSC, DAO Farmer has a very low entry barrier. Currently, BSC is one of the most flourishing public chains of GameFi, with a large number of users and perfect DeFi infrastructure which ensures the number of users and token circulation of DAO Farmer. As the first simulation farm GameFi on BSC, it gives BSC an important role in this track and is expected to meet the market demand and further its scalability.

The tokenomics design of DAO allows DAO Farmer to have a perfect decentralized financial system in the newborn phase.

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The economic system of tokens in DAO Farmer uses the DAO vault as the hub and the tokens in the DAO vault are injected into the liquidity pool through smart contracts. In each claim operation of a player, a portion of the tokens will be automatically sent into the DAO vault, which is the main component of the DAO vault. This is known as Protocol Owned Liquidity (POL). To prevent the price of NFT from rising too quickly and to ensure that more players can participate in the game, DAO Farmer has designed the Property as a Service (PaaS) mechanism, in which the DAO vault will open the asset selling function in the early phase, players can buy game assets in the DAO vault and all the revenue will enter the DAO vault as transactions occur and then inject liquidity through Protocol Owned Liquidity (POL).

Simple understanding, in DAO Farmer each time the player’s Claim, there will be part of the fee will enter the DAO vault, early through the DAO vault sales of game assets, will also all enter the vault, this part of the income is all through the protocol injection pool and can not be actively controlled, which means that never lose liquidity, the player’s game assets will have a net value to the bottom.

Too much liquidity can ensure the circulation of tokens, but it can also cause slow growth of players’ revenue. The token DAO Reactor can be a good solution to this problem. Players can buy DAOF with token Liquidity Provider (LP) or specified tokens and holding DAOF can provide players with a revenue growth rate. The existence of the token reactor can largely make up for the lack of Protocol Owned Liquidity (POL) presence and increase the scope of control over liquidity. It also increases the player’s earning and the output is converted into earnings, forming a gain closure loop.

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Protocol Owned Liquidity (POL) and Property as a Service (PaaS) ensure the liquidity of the game’s assets, while the existence of DAO Reactor can largely compensate for the shortcomings of POL by providing a more reasonable incentive for liquidity providers to form a long-term mutually beneficial relationship with the agreement. DAO Reactor provides the financial system. The tight economic model has a positive effect on the sustainability of DAO Farmer, ensuring a longer game lifecycle, which is the basis for the later development stages of the game.

In the Rising phase, players are no longer limited to their farms but will compete with all players across the continent. In this stage, players need to have enough time to upgrade and operate their farms and expand them into their city-state. In the Arrival phase, players will no longer use the mouse and keyboard to play the game but can use VR and physical devices for an immersive gaming experience.

The novel combination of GameFi+DAO is the first of its kind in the industry, and DAO Farmer has a rigorous economic model to ensure the sustainability of the game. DAO Farmer has a unique advantage in the new phase of GameFi environment change, and will certainly explode the GameFi market.

Contact Us

Website: https://www.daofarmer.com/

Whitepaper: https://daofarmer.gitbook.io/daofarmer/

Medium: https://daofarmer.medium.com

Twitter: https://twitter.com/DaoFarmer

Telegram group: https://t.me/daofarmer_com

Telegram ann: https://t.me/daofarmer_ann

Discord: https://discord.gg/NBaMWXd7j8

What is C97 Guild?

The origin of C97 Guild

Since 2020, as the COVID-19 has spread globally and has caused extensive damage to the world economy, the related ban on social distance and gatherings have caused heavy losses in consumption and business activities.

But the game industry is still booming. The demand for social interaction among the OTAKU has grown and games have provided them with a fascinating pastime. Relevant statistics show that since the epidemic, the time that people play games and the amount of sales have increased tremendously.

Among them, GameFi based on blockchain technology have come out of the circle with the birth of the Play-to-Earn economic model, and the popularity and application of DeFi and NFT. The performance of extraordinary potential, constantly breaking through the traditional game industry, has become the focus of the market.

After in-depth research on many GameFi, the C97 Guild(www.c97.io) found that the explosion of chain games was largely due to the organization of chain game guilds, which not only promotes the development of a certain game ecosystem, but is also a brand new community-based VC organization , And it is also the most popular form of DAO at present. This is the real reason why the current Games on chain are so popular. It is the P2E game guild that combines the traditional game guild’s gameplay and GameFi’s unique mechanism, through a combination of a series of financial strategies, that promotes the development and growth of the chain game ecosystem.

Therefore, the C97 team immediately set out to launch the C97-DAO system for the P2E game with a keen sense of smell. The C97 platform itself has a complete infrastructure, including decentralized trading platform, NFT trading platform, NFT lending system, etc. The C97 technical team is simultaneously developing the NFT interactive system. With the help of the C97 Guild, C97 will be built into a comprehensive platform integrating NFT, game asset trading, lending and ecosystem incubation, creating a Steam for GameFi.

The introduction of C97 Guild

As a decentralized autonomous organization (DAO), C97 is used to invest in non-homogeneous tokens (NFTs) based on virtual worlds and blockchain games. The biggest mission of the organization is to build the world’s largest virtual world economy, optimize the assets owned by its community and achieve maximum utility, and share profits with token holders.

C97 combines the advantages of NFT and DeFi, using the infrastructure built by FTNDEX (DeFi, DEX, NFT trading market, Token lending, NFT lending, NFT mining, Yield farming, etc.), to provide convenient circulation and trading venues for various assets (Tokens or NFTs) in the metaverse and GameFi economy, as well as smart contracts for lending.

C97 Guild hopes to achieve the following functions through in-depth cooperation with high-quality games:

①Ownership of assets in the game can be obtained;

②Deeply bind the game’s tokens, and the token distribution and economic model are all configured around the game;

③ Significantly promote the P2E model, so that players can earn native token rewards by consuming time in game activities;

④Provide improvement suggestions for game officials to improve the playability, entertainment, and interactivity of the game. With the continuous advancement of technology, the standard will be gradually improved.

In the future, C97 Guild will participate in more games and develop assets. C97 believes that with the passage of time and the development of technology, the virtual economy will be more valuable. At the same time, C97 will create value for union members in the virtual world, allowing them to thrive and gain wealth in the virtual environment.

C97 Guild Recommended – Vibranium , one of the most promising large-scale GameFi in 2022

C97 Guild is currently open to early gold mining. It is one of the most promising large-scale game projects in 2022,NFT will be launched on the official website on December 6, and the game will be officially launched on December 8.

VBN contract: 0x4b41ca61f5fbe12ddba38bc2d8bacc5f68fd491f

Panalloy is a massively multiplayer online simulation of AME (MMOSLG) and punk style. The game story takes place in interstellar space, with a large number of galaxies and various planets. Players can forge their own unique NFTs, choose planets to invest in, where they can buy land, build particle detectors to collect more resources, build high-tech facilities to make advanced equipment and even interstellar warships to launch Star Wars and win more resources . Players can not only create game characters, but also simulate social and national activities, such as voting, establishing federations or empires.

Based on BSC, C97 Guild allows players to collect resources by purchasing land and particle detectors, or work for particle detector owners to obtain DKMT and VBN. The “play to earn” model is expected to attract many players with high return on investment, and the number of players will continue to grow and be retained for a long time. The “Play to Earn” mode also diversifies the gameplay of C97 Guild.

There are two types of markets. One is the NFT market outside the C97 Guild, selling high-end NFT items such as spaceships and land, as well as top props such as top aircraft carriers, and even governance rights and company stocks.

The other is the in-game market for trading non-NFT items, such as intermediate materials and general equipment.

With the help of advanced technology, players can team up to form their own space army, start a star war with other planets, expand their territory, and strive for more benefits. C97 Guild has a variety of weapons, players can independently develop such weapons at random. Each spaceship is an NFT and belongs to the player. A super-large spacecraft built by multiple parties is regarded as an NFT jointly owned by multiple parties. These NFTs have real value in the game. The game aims to bring players a first-class Star Wars simulation experience!

How to participate in C97 Guild

1.If players want to participate in Vibranium, they need to purchase land cards and particle detectors in the official website store, which will consume game tokens VBN.Pancakeswap is currently available on VBN and can be purchased by adding contract 0x4B41cA61f5FBe12dDbA38bC2D8bacC5f68FD491F.

2. After purchasing VBN, players can use VBN to purchase territory boxes and building boxes on the “Market” page of the official website. Each territory box contains a land card, and each building box contains a particle detector card. The price of the territory box is 0.1VBN, and the price of the building box is 1VBN. Players can see the mystery boxes they bought in My Box. Each mystery box may contain an SSS, SS, and S NFT.

Players can view the details of the NFT they purchased in the My Item Card. Each account can purchase 10 territory boxes and 10 construction boxes every day.

The total supply of territory boxes is limited. There are currently 10 galaxies, each with 15,000 territory boxes, and a total of 150,000 land cards.

3.After the player is ready, you can enter the game. First, they need to create a character, choose from a large number of male or female avatars, and then create a game account.

Introduction of Vibranium

1.After entering the game, the player can see three galaxies, each with five planets. Each planet has an introduction to mines and terrain to help players view mineral resources. There are 10,000 land cards on each planet.

2.Click on the avatar to view personal information and land assets, and change the outfit. Next to the avatar are the players’ on-chain and off-chain tokens, including DKMT and VBN.

3.The game has a built-in chat window that can be expanded at any time. Users can open the chat window in C97 Guild to communicate or get news anytime and anywhere. The window is divided into two parts: system message and system message. World news.

In the upper right corner are system settings, personal mailboxes, and rankings. Players can switch the language and in-game music in the system settings, and check personal messages through the mailbox. There are three ranking lists, Detector LV, Efficiency and Mining. The ranking involves issues such as the distribution of rewards, please pay attention to all players.

4. In the lower right corner are the in-game mall, assets, spacecraft, inventory, skills, activities, and contacts.

Players can trade land and buildings (detectors, etc.) in the trading market, transfer funds on-chain or off-chain in the asset sector, check detectors, land cards, equipment and NFTs in the inventory sector, and improve their skills and skills Partially increase the output of the detector. Skills are divided into consolidation skills, profitability skills and control skills. Consolidation skills can increase the success rate of strengthening the detector, profitability skills can increase the rate of return, and control skills can increase the speed of building recovery.

Vibranium play

1.Players can open the mysterious treasure box purchased on the official website and check the NFT.

2.After entering the game, the player can select the Milky Way and the planet in turn. After that, they will see diamond-shaped land. They can use the land card to randomly get a piece of land with coordinates.

3.After obtaining land, players can build detectors to collect resources. The building is used for production, value-added and other functions. The player below has only one production detector. Players can view their detectors on the map and click on the detectors to obtain detailed information about the detectors, including income details and other information.

4.After the construction is completed, players can upgrade their detectors. The highest level currently seen is level 15, and each upgrade needs to consume DKMT. The higher the level, the greater the consumption and the corresponding output speed. Sophisticated and advanced detectors can generate DKMT and VBN. However, the higher the level, the lower the upgrade success rate.

5.The game also has a built-in working mode, which is convenient for players who don’t have time. Players can set the distribution ratio, so that other players can help harvest, and will not miss any upgrades.

6.There are 10,000 pieces of land on each planet, and a map is set in the game. The map can help workers find their way home. They can view all their land on the map, then click on the land and go there with one click.

Official website:c97.io

Token: vbn

VBN contract: 0x4b41ca61f5fbe12ddba38bc2d8bacc5f68fd491f

HundredDAO, a new perspective for the possibility of NFTs and DAO

HundredDAO is a gathering of 10,000 Hundred NFT owners who may be fans for Game and DAO. “HundredDAO combines anonymous, playability, and also decentralized autonomous governance together, users are not only a DAO member, but also can enjoy playing games embedded in the system.” Said by Miler Ada, the founder of HundredDAO.

In HundredDAO system, they have Hundred NFT, Hundred Market, Hundred Guild and Hundred Fund. HundredDAO members will share all the profits generated from NFT sales, transactions, upgrades, funds and game guild.

Hundred NFT

The Hundred NFT is a collection of 10,000 exclusive NFTs. There are 3 levels due to the originally rarity: R(Rare), SR(Super Rare) and SSR(Specially Super Rare). R and SR can be leveled up to SSR via composition, transaction, minting, etc.

The Hundred NFT will be distributed through Whitelist(Pre-sale), Airdrop, and Public-sale.

Join the airdrop and whitelist here: wn.nr/2kH7LT

Hundred Market

The Hundred Market will open to all the users around the world. It will support the listing and advertising for those projects Hundred Fund invests in, and also games projects winning the vote of Hundred Guild by the traffic it attracts. And members can also trade game equipment in Hundred Market.Then it will build a positive ecosystem within the HundredDAO platform.

Hundred Guild

Hundred Guild is a Play-to-Earn gaming guild. Members of Hundred Guild collectively votes for what game to play, what game studios to cooperate with. It will provide a chatting tool for members to communicate and share experience for playing games.

For the games which need their original NFT as a ticket to play, users can use Hundred NFT as collateral on Hundred market and exchange for an aimed game NFT. Then they can play the game without buying new NFTs. They have Hundred NFT and can exchange others, it will lower the threshold of playing NFT games. All the rules and risk control system will make Hundred NFT a deflation model, so users will always enjoy play to earn on HundredDAO platform.

Hundred Fund

Hundred Fund manages funds from stakers and part of HundredDAO profits through Hundred NFT sales and transactions, and Hundred Guild earnings. The fund will be invested in Crypto, DeFi and NFTs which are voted by HundredDAO members. The profit will be divided into 2 parts: one part will be shared with stakers and DAO members and another part will be used to buy back Hundred NFT which will be a way for the exit mechanism.

“We hope that by establishing HundredDAO, we can find the exclusive 100 members with common goals to jointly build the community, and share all the profits we make. HundredDAO may not be the ultimate solution for GAMEFI and DAO, but we will continue working for the common wealth of the industry.” Said by the founder of HundredDAO.

HundredDAO provides a new perspective for the possibility of NFTs and we hope there may be more great projects in the market to bring the market greater ideas and vitality.

Website: https://www.HundredDAO.com/
Twitter: https://twitter.com/HundredDAO
Discord: https://discord.io/HundredDAO
Telegram: https://t.me/HundredDAO
Medium: https://medium.com/@HundredDAO

Wine Chain[WINE]

A joint initiative of eight famous French wineries, through the development and construction of the Defi+NFT+Gamefi chain of superb ecology! This allows the French wineries to count the preferences of a huge number of wine loving users from all over the world!

The first eco-ecology “Rich Fruit Farmers” is here!

Everyone is a fruit farmer, everyone can get rich, hard work is the most reliable wealth!

The game is only a basic version and is still relatively thin. The model is simple and easy to replicate, accelerated by planting vines and buying organic fertiliser, highlighting the extremely good planting output capacity. It will also continue to serve every fruit farmer to get rich in the time to come!

Smart investors are going to rush to buy vines and then buy organic fertilizers so as to accelerate the generation of income as the returns are huge. With the superb input-output ratio of the Get Rich Fruit Farmer game, WINE sales are sure to keep breaking new highs in the future. This step will also lay the foundations for WINE’s entry into the metaverse infrastructure!

Rich Fruit Farmer uses the simplest and most effective way to enrich every participating farmer: 1.

1. Double market referral reward model for vines + organic fertilizer.

2. A model for farmers to grow vines with high returns.

We will focus on the GameFi field, as long as the GameFi is good and strong, the game will bring its own SocialFi function.

Social gaming is the future trend of social networking. This is the reason why traditional social software, such as Facebook, has lost its huge youth market. Social tribes are constantly being segmented, see the rise of Discord for example. The diversity of scenarios that games provide for social interaction strengthens the tribes, and games can bring more social interaction as a result.

Social gaming will be the way of the future.

The meta-universe will be the main battleground in the future “GameFi linked SocialFi race”.

We understand that for users and players, time is the most scarce resource.

We use the ultimate simple reward and income mechanism, the Wine Chain WINE token, to enable users and players to earn significant wealth while participating in farming.

After all, the growth of wealth is a common human desire.

Therefore, for those of you who are willing to invest your time in the Wealthy Fruit Farmers ecosystem, the best reward we can offer is real money.

We also understand: the only way to upgrade a massively multiplayer land buying, planting, picking and brewing game to a meta-universe is to generate enthusiasm for continuous participation from users and players.

The Future Wine Chain WINE ecology is dedicated to creating new possibilities for the meta-universe, and we will build the WINE meta-universe by revolutionising the social and gaming paradigm.

BSC Coinan Smart Chain! PancakeSwap to buy!

[WINE] Unique Contract Address: 0x89c7ff169050bd0b1ceadf55931811c2e806d5ab

326e2d443e79423b08cb328e94cda7e

Silicoin 2nd AMA Summary on 27th Nov

Hello every one, the AMA starts now.

1. If there are multiple computers in one fingerprint, the pledge remains unchanged, but the number of pledged farmland in the computer wallet is the actual number of farmland, and the total number remains unchanged. Can a total number of pledges be shared by multiple computers? It should be that the number of farmland corresponding to the pledge has changed. The figure shows the total number of pledges in each wallet. It can be seen that different farmland corresponds to one pledge number, and each computer’s fingerprint farmland corresponds to the same total number of fingerprint pledges. If I open a virtual machine and divide it into n wallets for farming, will the income increase n times?

Separating wallets for farming will not increase revenue. The principle is straightforward. According to the address generated by the farmer public key of the plot file, the focus is clear. The stake to this address will be read when finding the proof and verifying the block. The balance of the address has nothing to do with the number of wallets.

2.The harvester mode can only be pledged to the wallet of the master node. The number of harvester farmland cannot be seen in the staking.

If you load the sit farm summary on the machine running the farmer service, you can see the number of plot files.

3. How timelord or other farmer verify that block winner or proof founder are not cheating the staking balance? please point out the part of code that do something like this verification.

The staking amount would affect the individual difficulty, which would affect VDF, the iteration of finding the proof. So basically, we don’t directly validate the staking amount, but validate the proof when receiving or syncing the blocks. You can find the code changes mainly in consensus folder.

4. Possible dev adding more info regard the difficult and netspace farming to show how many coin need to stake

Yes. It has been added into our schedule.

5. What about promised 1:1 split testnet- mainnet ?

Again and for the last time, Silicoin has never promised that tSIT will be exchanged for SIT 1:1. As mentioned in the earliest version of the whitepaper, all tSITs produced during the testnet phase will be exchanged for 500,000 SITs. Maybe some people had false information.

6. When do you expect to release a new whitepaper/roadmap and what changes should be expected?

At present, there will be no new changes to the white paper. However, about Silicoin’s roadmap and.future plan, please read this article https://www.sitnetwork.org/post/road-map-future-plan-_the-great-voyage-of-silicoin

7.You’ve done staking, people need SIT for getting better income, this way you get demand and high price on exchange. Sooner or later demand will drop after saturation of people staking wallets and this will drop SIT price too. What’s your next plans, will you support demand with other things, improvements or developments?

It is a good question. First of all, let’s talk about how the relationship between SIT’s future circulation and price may happen.As we all known, when the circulaion is more than netspace, the price of SIT is going to drop.

The initial premine is 1 million SIT but there are only 500,000 in circulation. Besdies,the daily output is 4608 SIT. It means the total mining output of 1st year is 1,681,920 SIT. So the maximum circulating 1 year later is around 2.1 millions.In other words,the price will not dump if the netspace could reach 2100 PiB. Honestly, it is not too difficult for Silicoin network to reach 2100PiB. Therefore, we can be optimistic that the price of SIT will be stay in a reasonable range.

However,staking should not be the only way that keep the price be stable. We must find the use cases for SIT as you mentioned. In fact, our team has made a plan since the mainnet launched.

1. We are exploring the possibility of using different addresses to stake. For example,A has 100 SIT but he dosnt has any plots. B has 100 plots but dosnt has SIT coins.If B could stake for A,then share the profits in a setted way, that it is cool, right? It could solve many problems such as the security of private key. But all this is still hypothetical. Our technical team has also made some proposals for this, but so far we have not found a solution that can be implemented.

2. Chia is very suitable for payment, Defi and NFT.Especially now that CAT is released,we will follow the pace of chia development and study how to merge these important functions into Silicoin.

3. NFT & GameFi is the most popular topic at the moment.Actually,there are some cooperation between Silicoin and other projects who focus on developing games on chain. We will make a statement after the cooperation is confirmed.

4. According to our whitepaper, we have a initail idea about the application node in step3. These nodes provides SIT mixing service and it will be an important use case for Silicoin in the future.

8. When will SIT finish SMART contract , DeFI . or something like that

I think it is a similar question with the last one. We are studying the codes of chia now and will merge them once we confirm there is no conflict with Silicoin. What we need to do at this stage is to found the underlying architecture of Silicoin and release more functions step by step in the future.

9.Why dont you list SILI on Binace exchange, Okex Exchange or Top 10 Exchange?

When SIT listed in trusted exchange? Citex is not tracked by coinmarketcap. I suggest small exchange but have “high confidence rating” in coinmarketcap like HOTBIT, LBANK, COINEX, or GATE.IO which already listed Chia.

We have also noticed the problem you mentioned.The marketing team is currently in the process of talking with some exchanges, and I believe there will be good news for everyone next month. In addition, our exchange listing plan is divided into three stages, gradually landing on larger and more popular exchanges.

The AMA today ends here. If you have other questions, please DM me. I will update the questions and answers on this channel.

A Chia Fork Coin claims to be an Fair Chia alternative. Does Silicoin worth a look?

A new cryptocurrency that claims to be more fair, safe and long-term debuted in trading recently. The virtual coin, called Silicoin(SIT) and forked from the Chia Network, advertises itself as “a fair and safe alternative” to Chia.

Despite their astronomical recent performance, cryptocurrencies are lately coming under fire for their massive carbon footprints. Mining coins such as Bitcoin and Ethereum uses tons of energy as the machines behind these networks churn away at solving equations. For miners’ efforts—that is, paying bills to operate powerful computers that confirm transactions on the blockchain, the distributed ledger technology underpinning cryptocurrencies—they receive coins as a reward (The process is called “Proof Of Work”). Thus, Chia presents an alternative to the status quo, relying on a process that it claims is far less energy-intensive than mining.

What is the Silicoin Network

Although Chia seems to provide a lot of benefits, the price of XCH still crashed and many miners have to sell SSDs and HDDs. On the other hand, we knew that there are monopolies by HPool and some big miners in Chia Network.

Therefore, we urgently need a more fair, timeproof and safe decentralized network ecosystem. As the best supplement of Chia Network, Silicoin came into being.

Silicoin combines a solution to the flaws of traditional mining, by forming a new and unique mining logic. It aims to truly balance PoW and PoS and meets the original intention of Bitcoin and Chia: to make mining with ordinary equipment happen and to have the blockchain truly decentralized. Simply understanding, Silicoin added the staking function based on the Chia network. Silicoin is an upgrade of Chia that have staking.

How does Silicoin work?

In the traditional process of producing blocks, the more plots miners have, the greater the probability that they will be selected to produce blocks. However, there is a big difference in Silicoin Network. In Silicoin consensus system, the Individual Difficulty of every miner could be lower by staking SIT. As we all know, the lower the difficulty coefficient, the greater the probability of being selected to produce the block. That is to say, the miners who stake SIT tokens are easier to win the blocks.

The improvements of Silicoin work

Compare to Chia network, the miners is going to buy or keep more SIT for staking so that their mining income will be higher if they want to obtain higher returns. Then the staking will stimulate the demand for SIT tokens and we can forecast the price and value of SIT will keep rising in a long term period. It solves the Chia’s embarrassment – Price of XCH keep dumping.

What’s more, the more plots Chia miners have, the greater the probability that they will be selected to produce blocks in the past. But in Silicoin network, the profit of the big miner who mines Silicoin without staking SIT is possible to be lower than the smaller miners who stake SIT more than the size of its plot. It helps to prevent the monopoly in mining and make a more miner-friendly environment for all Chia miners.

The future

In the Silicoin’s economic logic, it not only find the use case of its token – SIT, but also avoids the monopoly of giants and helps many miners increase their profits. In other words, Silicoin solves two big challenges of Chia and found a new way for mining industry.

The idea of Silicoin has the potential to reduce the egregious electricity costs that traditional protocols otherwise procure and makes SIT tokens integrate into its long-term ecosystem and form a complete economic circle. It is definitely far more attractive to miners than similar projects.