PRESS RELEASE. Geneva, Switzerland, April 17, 2024 – The Harvard Blockchain Conference, a premier gathering hosted by the Harvard Blockchain Club, showcased the TRON DAO as a Platinum Sponsor, the highest tier for the Harvard Blockchain Conference. The official conference saw a packed crowd of attendees featuring a variety of students, thought leaders, and blockchain […]
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PRESS RELEASE. Geneva, Switzerland, March 4, 2024 – The TRON DAO team attended ETH Denver, one of the leading events in the blockchain space. In conjunction with this, the TRON Builder Tour (TBT) ETH Denver event unfolded, drawing enthusiasts into the dynamic world of the TRON ecosystem with an event packed with insights, networking, and […]
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Cardano-Based DeFi Infrastructure Builder deFIRE Raises $5 Million In Pre-IDO Funding
Many blockchains have gained traction in the world of decentralized finance. Although Cardano is not often mentioned in this context, that situation may come to change soon. Decentralized smart order routing engine deFIRE has completed its million pre-IDO funding round.
Building The Cardano DeFi landscape
At its core, the Cardano ecosystem lends itself well for a variety of purposes. Its multi-layer approach – splitting settlement and computational tasks – offers tremendous potential for complex applications and smart contracts. Building decentralized finance services and products on such an ecosystem can lead to innovative services and products. Before that can happen, it is essential to establish the foundation powering the future DeFi ecosystem of Cardano.
The deFIRE team – aided by Changelly and Occam.fi – aims to create the first necessary brick to build that infrastructure. As a low-latency decentralized order router, deFIRE aims to attract institutional order flow originators and retail traders. By connecting to the deepest on-chain liquidity pools – and the option to create new pools if necessary – this service will prove essential to the future development of DeFi on Cardano.
As deFIRE is incubated by Occam.fi and taps into Changelly’s vast network and expertise, the team has high expectations to meet. For network participants, it is paramount to have efficient and safe access to optimal execution services across decentralized exchanges. The success of DEXes results in more liquidity to execute trades and swaps. In this case, the main focus lies in providing a solution to swap between different Cardano-based tokens.
Pre-IDO Funding Completed
The bold vision of the deFIRE team has attracted attention from numerous VCs before the team organized its Initial DEX Offering on the OccramRazar launchpad. A total of million in funding has been secured. Noteworthy participants include Cryptodromfund, Lotus Capital, Axia8 Ventures, Sheesha Finance, and others. The support by these reputable and prominent angels and new investors gives the team the option to leverage token liquidity at an early stage.
Changelly CEO Eric Benz comments:
“We are thrilled to announce the successful conclusion of the private round led by some of the largest and most active investors in the rapidly expanding DeFi space. deFire leverages DLT and a contemporary market architecture to revolutionize the high-performance trading landscape significantly and transparently enhance order execution quality for institutions and individuals alike. Working alongside, I am sure we will bring a lot of value and liquidity to the Cardano ecosystem.”
Once the team completes its upcoming IDO on OccamRazer, deFIRE will decentralize the governance of its ecosystem. To achieve this goal, the team will create the deFIRE DAO, giving token stakers a chance to submit and vote on proposals to modify system parameters. The team will communicate more information on this decentralization via the official channels as products are released on the mainnet.
Closing Thoughts
Despite the initial success of decentralized finance, the industry is still in the nascent stage. Strengthening the infrastructure across different blockchains will pave the way for enhanced interoperability, rather than focus on ecosystems competing with one another. The future of DeFi will hinge on infrastructure, and there is still plenty of room for improvements on that front.
As Cardano is now an official frontier for decentralized finance, building that infrastructure becomes more critical. The vision by deFIRE is bold and ambitious but also highlights the potential of what one can achieve in the decentralized finance world. With the million in pre-IDO funding secured, the team can focus on building and enhancing the Cardano ecosystem.
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DApp Builder: Enabling Mainstream Blockchain Applications for Businesses
Various industries are making headway with the application of Ethereum blockchain. By doing so, they are in the process of eliminating multiple intermediaries from many tasks, ensuring automation in the process. Further, the technology can potentially reduce the cost while increasing overall efficiency.
The implementation of blockchain technology into done through decentralized applications or dApps in short. These applications are built over cryptocurrency protocol and interact with the underlying blockchain through smart contracts. The development of dApps has emerged as a specialized segment as the technology is relatively new and gaining rapid adoption. The rising demand for dApps among individuals and businesses has driven the demand for experts who come with a hefty price tag.
The dApp Builder is a platform which is designed to make dApps development easy and cost-efficient for everyone. The platform aims to provide a platform for smart contracts and dApps development which is similar to the popular WordPress platform when it comes to web applications.
The dApp Builder will be available as a Software as a Service (SaaS) platform to create decentralized blockchain application on Ethereum protocol. Users on the platform don’t have to write a single line of code to possess their own dApp. It also enables the project creators to activate smart tokens for their application by filling in few basic parameters on the dashboard.
The dApp Builder platform comes with predefined smart contract templates, accompanied by Solidity source code. These templates can be accessed through a simple web interface to create mobile applications using industry standard Javascript, UI/UX frameworks, and WebAPIs that are compatible with both Android and iOS platforms.
The dApps created using dApp builder can be easily made cross-platform compatible, allowing users to access it from desktops, mobile phones, and web-browser. The platform is further supported by an entire ecosystem with its own token dynamics and marketplace where people can list their applications, access and integrate third-party services and monetize their creation through advertisements and sales.
Creating a decentralized application on dApp Builder takes no more than three steps, starting with the selection of a suitable smart contract template, making easy edits by adding relevant data and selecting the logic that applies to it, and finally, deploying it on dApp Builder hosting to get the mobile app and browser client.
More information about the dApp Builder is available at – https://dappbuilder.io
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