Merkle Network Announces FlashLaunch with TrustSwap on October 28th
October 26, 2021
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Merkle Network , the zero-layer interoperability process that stands essentially of the cross-chain environment, has announced their particular collaboration with TrustSwap to help in the FlashLaunch of their $MERKLE token offering upon Oct 28th, 2021 at 01: 00 PM UTC.
What exactly is Merkle Network?
Merkle System is an interoperability process that operates throughout multiple smart stores to facilitate inter-chain communication. Merkle Network’s main functionality would be to connect multiple blockchains and bridge the particular gap between the decentralized ecosystem flourishing during these blockchains including Ethereum, Avalanche, Solana, Binance Smart Chain, Polygon, Polkadot. Merkle Network is run by a secure on-chain protocol combined with the decentralized oracle system to enable fast plus secure transfer associated with data and assets.
Merkle Network Architecture
Merkle Network is designed to become a blockchain-agnostic protocol utilizing a 4-layered architecture. Merkle Network leverages the decentralized oracle system to transfer information between the chains. The particular protocol uses Merkle smart contracts pertaining to on-chain data demands from other blockchains. This particular makes Merkle System easy to integrate in to decentralized applications unlocking the many interoperability choices offered by Merkle Network.
Security is at the particular core of Merkle Network’s Decentralized Interoperable Oracle Network as well as the services built in the Merkle Network Process layer will be able to select from a range of consensus systems to fit their use cases and security requirements. these include PoS Approval, Custom Validation, plus Hybrid Validation.
Make use of Cases
Merkle System opens the floodgates for a vast range of innovative programs to be built plus enhanced with interoperability solutions. Some of the use cases and applications that will Merkle Network will certainly revolutionize include:
Cross-Chain Decentralized Applications
Decentralized Token Bridges
Interoperable DeFi Markets
Multichain Interoperable Trades
Financing & Borrowing Systems
Produce Optimization and Submission
Multichain Token Standards
Solving Fragmentation of Assets Across Chains
Versatile Smart Contracts
Computing & Storage Arbitrage
$MERKLE Token Utility
Merkle Network uses the particular $MERKLE token in order to fuel the decentralized protocol. $MERKLE can be launching as a BEP20 token on the Binance Smart Chain with plans in order to expand to all main blockchains once the major net is live.
$MERKLE may have multiple utilities plus features including:
Procedure within the decentralized Validator Network
Gas Fees designed for cross-chain transfers
Staking to obtain the network
Token Burns in the fees generated
Adding possessions to the interoperable environment
Opulous is set to collaborate with TrustSwap for their upcoming ASA $OPUL token offering on June 30th 2021 starting at 9:00 AM PST.
OPULOUS is the world’s first platform bringing Decentralized Finance to the music industry. The project will provide a launchpad for the first copyright-backed Music NFTs, as well as DeFi loans that would change the way artists access funding.
The platform will offer users the option of choosing Ethereum or Algorand as a blockchain for their tokens. In conjunction with Algorand, Opulous is building a bridge that will facilitate transfers between the two blockchains.
Meanwhile, partnerships and agreements are being established with major exchanges to support their multichain ETH/ASA $OPUL token. Users will be able to deposit ETH tokens, then withdraw ASA tokens, and vice versa.
The Opulous platform has three main functions:
Opulous Music NFTs are a new form of Non-Fungible Token that entitles holders to a share of a song’s future royalty earnings, and other exclusive rewards, in exchange for social media support.
Opulous peer-to-peer DeFi loans cut out traditional banks, middle-men, and major labels, allowing artists to access up-front cash based on the predictable royalties they generate over 12 months.
The Opulous Ecosystem
Opulous is the first platform to launch copyright-backed Music NFTs. Unlike other NFTs, Opulous tokens offer holders a share in the music’s future royalty earnings alongside exclusive rewards and fan experiences.
Whoever owns these groundbreaking NFTs will get paid every time the song is played on Spotify and other major music services. That also means their value can increase as an artist’s career progresses.
Fans and investors will not only receive royalty payments, but also be able to unlock other exclusive rewards such as backstage passes, gig tickets, and merchandise, simply by sharing the music on social media.
NFT owners can also track and withdraw their earnings directly from their Opulous account and trade their NFTs on the upcoming Opulous NFT Exchange.
The Opulous NFT Exchange creates a new sharing economy based on music where anyone can buy and trade copyright-backed Music NFTs to earn a share of the royalties generated.
For example, a music fan could find an underrated song they know is going to become more popular over time.
They can buy it as an Opulous NFT, support an upcoming artist right from the start of their career and earn ever-increasing rewards as the track becomes more valuable while gaining popularity.
Opulous offers low-risk DeFi loans backed by real-world music assets and future royalties.
Despite earning a stable royalty income, too many artists are turned away by traditional banks or forced into unfair deals with major labels.
By evaluating an artist’s royalty reports from previous years, Opulous can accurately predict how much money the artist will generate over the next 12 months and offer this amount as a loan.
On the other side, investors can stake their crypto assets on the platform to generate high returns. Unlike most DeFi platforms, Opulous loans are always backed by predictable music assets vetted by the expert team, which greatly reduces risk on investment. In order to avoid loan defaults, Opulous will hold the copyrights used as collateral until the full amount is paid back.
Transactions within Opulous will use the platform’s native $OPUL token, which has a fixed supply and can be purchased through multiple decentralized and centralized exchanges. Users will also be able to purchase NFTs directly using credit or debit cards.
Users can stake $OPUL tokens in high-interest lending pools. Token holders will also receive special discounts on certain transactions as well as exclusive access to NFT drops from major artists.
Opulous Team and Advisors
Opulous has attracted a senior team and board of expert advisors from across the music and crypto worlds.
Opulous(OPUL) Token Offering Details
$OPUL – Secure Launch Process
To guarantee a smooth and secure launch, Opulous has agreed to:
Have their domain fully SSL certified one week prior to the presale date.
Have their domain protected by Cloudflare and share proof with TrustSwap one week prior to the presale date.
Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
Add no less than $200,000 liquidity on DEX immediately upon listing.
Distribute tokens to launchpad participants within one hour of DEX listing using multisend.io.
Provide the timeline for token distributions, and distribute tokens within a one hour window of the agreed upon time.
Have at least one community moderator on each social platform (Discord, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch on DEX.
OPUL tokens – Participation and Allocation
Anyone can apply to participate in the $OPUL token offering as long as they’re eligible in their given territory, including those outside the TrustSwap ecosystem. However, application does not guarantee an allocation.
If the $OPUL token offering is over-subscribed priority will be given to the TrustSwap community as follows:
Anyone with over 4,000 SWAP staked or a SwapScore over 2500 when the launch begins (Snapshot is at 9 AM PST on June 30th, 2021) will be given a guaranteed allocation based on the tiers in the table below.
2. Complete the necessary steps and verify your identity.
3. The portal will close once 24 hours have elapsed. There will be a waiting period of up to 48 hours as the Opulous team finalizes internal processes.
4. If your application is successful, you will receive an email indicating how much you are able to contribute to the token offering. You will have 24 hours to send the funds or your position will be given to the others.
What Should I Do to Prepare for the Opulous ($OPUL) token Offering?
Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens here before the deadline mentioned above.
Take a photo of your government issued ID card (Passport, Drivers License, or any other form of government issued ID card that has your photo in it).
Take a selfie of yourself holding the ID card along with a note that reads: “Opulous 30th June 2021”.
Anyone not domiciled in the USA or UN sanctioned countries can participate in the Opulous token sale.
*The eligible countries list is selected by Opulous . If your country is not listed, this does not mean you are ineligible for future TrustSwap Launchpad projects.
** Launchpad dates are subject to change. This is not an endorsement, partnership or an offer for investment by TrustSwap. Opulous is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.
Cryptocurrencies are often blamed for significant environmental damage, no matter the progress already being made in that sphere. Making the world a greener place hasn’t been a once-in-a-while shot for TrustSwap but rather a continuous, evergreen effort. Our partnership with the Eden Reforestation Project has been one of the ways to support this cause.
Eden Reforestation Projects is a 501(c)3 non-profit organization that began operations in 2005 with a simple mission: Plant Trees. Save Lives.
Eden has developed an efficient model for reforestation with nurseries set up in Madagascar, Haiti, Nepal, Indonesia, Mozambique, Kenya, Nicaragua, and Honduras and planted more than 500 million trees across its project nations with approximately 20 million trees added each month!
They achieve this by using the contributions received to open nurseries in deforested regions and pay impoverished communities a living wage to plant seedlings of native trees and nurse them to maturity (~10 years). This synergistic cycle helps nurture and revive both the forests and the communities that depend on them.
Today we are delighted to announce a new level of support for Eden. Every month, the SaveTheWorld project will host a charity livestream for Eden and donate BNB on behalf of TrustSwap to the Eden Reforestation Project. With a cost of only ten cents per tree, we are assuring an on-going endeavor to continually plant trees and raise them to full maturity while also employing people in developing areas. The deal is being inked for the next twelve months and we can’t wait to report the number of trees planted by this time next year!
SaveTheWorld ($SAVE) is a hyper-deflationary charity token that allows for frictionless rewards while taxing and generating fees per transaction. For each transaction, a 10% tax is charged. 2% will be distributed amongst SaveTheWorld token holders providing frictionless yield rewards and the remaining 8% goes to liquidity.
50% of liquidity generated will be removed each day with 100% of the $BNB going to charity and 100% of the $SAVE tokens burned forever. SaveTheWorld is using a Gnosis Multi-Signature Wallet to handle the donations in a transparent way.
Please read more about Eden Reforestation Project and learn how you can get involved or donate directly at: https://edenprojects.org/.
To know more about the SaveTheWorld charity initiative powered by the $SAVE token, visit savetheworld.health.