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Swarm is on CoinList, while Binance has NU – Market Wrap listed
CoinList added Swarm Token to its platform today. The stock exchange announced on Thursday. Registrations for the Swarm Token Sale are already open. However, sales will begin on June 14th at 17:00 UTC. Registration closes on June 11th, 12:00 p.m. UTC. Swarm is a system of peer-to-peer network nodes that create communication services and decentralized storage. CoinList invited all authorized users to register.
According to the platform, the sale has two options with different terms: the first option runs from June 14, 2021 to June 15, 2021 and the second option runs from June 15, 2021 to June 16, 2021.
However, both share the same BZZ token pool. Additionally, CoinList noted that Option 2 would only occur if there were excess tokens from Option 1. Thus, authorized users will register for both options by registering for the sale. The two options will also have separate, independent sales queues.
What does Swarm offer investors?
Swarm aims to create a decentralized storage and communication service. His system is self-supporting thanks to a built-in incentive system. The latter is enforced through smart contracts on the Ethereum blockchain.
Swarm’s goal is to shape the future in the direction of a self-sovereign global society and open markets that are free of admission. The company focuses on dApp developers, corporations, organizations, and activists on every blockchain. Use cases include blockchain, social media dApps, archives, free press and DeFi data.
Swarm offers its customers several interesting advantages. The data is easily accessible thanks to erasure coding and cross-node replication. Specifically, the company breaks down data into parts and saves them redundantly across the entire network. This redundancy provides continuous data delivery even when nodes go offline.
In addition, all node operators participate in a fair data economy. This means that no central party controls or monetizes data. Instead, customers own their data, and the node operators ensure the integrity and availability of that data.
Users also pay for storage and communication on their own terms, rather than having their data sold at a break even. In addition, BZZ tokens motivate node operators to operate and maintain network nodes.
Binance has also listed NuCypher (NU) tokens. Trading starts today
Binance announced today that it will list NuCypher (NU) on its platform. The exchange will also open trading for the trading pairs NU / BTC, NU / BUSD NU / BNB and NU / USDT on June 4th, 2021. NuCypher is a decentralized encryption, key management system (KMS) and access control, encryption service for public blockchains. It offers users end-to-end encrypted data exchange on public blockchains as well as decentralized storage solutions.
NuCypher enables users to share private data between a certain number of participants in public consensus networks. To do this, the platform uses proxy re-encryption (PRE) technology. Thanks to the decryption technology, NuCypher is highly secure. According to the company, it’s also much better protected than traditional blockchain projects that rely on public-key encryption.
NuCypher recently launched its NU native token. The company uses them to motivate NuCypher network subscribers to perform key management services as well as delegate / revoke access on the network.
In addition, token holders can use the NU for staking and operate a NuCypher worker node with them. The network is protected against malicious unplugging. It automatically cuts a suspicious customer’s rewards.
Investors can also use NU on the network if they want to participate in the NuCypher DAO. The latter is the protocol that controls network parameters as well as smart contract upgrades in the network. In addition, customers using these tokens can also participate in the validation of DAO proposals.
Mikhail Egorov and MacLane Wilkison co-founded NuCypher. They published their whitepaper in June 2017. However, the testnet was launched in November 2018.
What makes NuCypher different from other similar platforms?
Most blockchain projects are designed to serve customers, IoT operations, better transactions, voting mechanisms, and the like. However, the NuCypher team made it for other blockchains. This network is a data protection layer for blockchains.
The company also provides a data protection infrastructure for the decentralized web using fully homomorphic encryption (FHE) and proxy re-encryption (PRE) technologies.
Via this network, customers can conditionally grant or revoke access to data to multiple users at the same time. In addition, NuCypher’s encryption service offers the highest level of security for the transmission of sensitive data. It combines this with the censorship-resistant and trustless nature of traditional public blockchains.
Mozik plans to launch its ICO soon. What does it offer?
Mozik announced that it plans to launch its native token on June 6, 2021. It is a decentralized music NFT platform that has generated a lot of interest in the market. Mozik enables direct transactions between artists and fans. It also allows people to distribute and monetize music or NFTs related to celebrities.
The company decided to release the MOZ token to provide additional benefits to its users. MOZ is the platform’s utility token. Customers can use it for staking to unlock features such as participation in exclusive music events. You can also purchase limited edition NFTs and pay fees to store content and process transactions. In addition, MOZ owners can vote on protocol governance.
According to the company, a total of 5,000,000 MOZ will be offered for sale during the Initial Coin Offering. The price is $ 0.02 per token. The platform accepts BUSD in exchange for MOZ. Mozik plans to raise $ 100,000 during the ICO.
While there are many new protocols in the DeFi market, we don’t come across music-oriented ones very often. However, the music industry, and especially the online music delivery business, has great potential. However, there are some rough edges that need to be smoothed out. For example, big players like Tencent, Alibaba and Apple control the industry. They use their status to maximize their own profits, thereby depriving individual artists of power.
In addition, online musical works are easily reproducible. Piracy is widespread in this industry because it is difficult to protect the rights of the pieces. This damages the interests of the authors. Standardized copyright transactions are also difficult due to the lack of a unified online music trading platform.
How will Mozik solve these problems?
Initially, the company plans to roll out tokenized IP to allow artists to monetize ownership of their content. You will also be able to sell it to fans and dealers in the open market. In addition, the rights can be shared fairly between composers and producers as well as the platform itself.
The platform can also encourage customers to discover and nurture new talent by using MOZ tokens to incentivize interaction with trending and new artists.
The Post Swarm is on CoinList while Binance listed NU – Market Wrap first appeared on FinanceBrokerage.