ICON BLOCKCHAIN: BALANCED STARTS PARTNERSHIP WITH BAND PROTOCOL!

The ICON Blockchain has a wide variety of DeFi platforms to choose from. Now the Balanced project has entered into a strategic partnership with CMS Holdings and FBG Capital, as well as the lead engineers at Band Protocol.

Balanced announces partnership on ICON blockchain

Balanced announces the strategic partnership on Twitter. Above all, the growth of the platform and the ICON blockchain should be supported.

Balanced said on Twitter:

Balanced's primary audience is the ICON community, so the first step in the adoption strategy is to get ICON owners to use the application. The second step is to reach the rest of the crypto room. Today we're excited to announce a strategic partnership that will help Balanced continue to grow.

CMS Holding and FBG Capital

Many different options are created for the ICON blockchain and the balanced platform. Because CMS Holding and FBG Capital have already participated in various blockchain projects. These include MakerDAO, Terra, REN, Coinlist, Alchemix, Vega, Nervos and Equilibrium, to name only the most important.

Since the competencies of many actors are included on a very broad basis, the generation of ideas of the balanced platform on the ICON blockchain is very strongly supported.

There are also other participants who want to take part in the project. Some of them remain anonymous for the time being, as the ICON Foundation explained. Specifically, this concerns two senior engineers of a well-known DeFi protocol and three other people who have a major influence on the blockchain community.

Balanced enables token borrowing on ICON blockchain

By linking the Band Protocol and the Balanced, which is based on the ICON Blockchain, various price indices are to be set up. In addition to ICX / USD, assets such as Bitcoin, gold, and oil should also be tradable as tokens.

Simply put, users can borrow tokens on the balanced platform, which are linked to real and liquid assets. ICON is used as security, which is the reason for building it on the ICON blockchain.

The interesting technology of Band Protocol is used here. Premium tape access is used to enable the decentralized applications on the ICON blockchain to run smoothly. The cross-chain data platform Band Protocol is known for such a connection of a wide variety of data across different blockchains.

Comments

From offchain to offchain: Statechains meets Lightning

Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon

Phishing attack on popular crypto sites tries to empty wallets

Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne

Cryptostreet

Search This Blog