In general, Stasis is proud to announce a groundbreaking partnership with PolkaGold, one of the most promising projects in the Algorand ecosystem. It is also the leading reserve digital commodity for Polkadot. This landmark alliance in the realm of digital finance was made possible thanks to our strategic foresight and forward-thinking approach.

PolkaGold: The Future of Digital Economy

In the modern age, PolkaGold has emerged as the digital equivalent of the time-honored gold standard, representing trustworthiness and dependability. PolkaGold is more than just a token. It is a groundbreaking initiative that seeks to combine the liquidity and communal strengths of two leading blockchain projects. As a symbol of innovation, PolkaGold is paving the way for a future where liquidity bridges and community collaboration are the foundation of a robust and decentralized digital economy.

A Revolutionary Partnership: Merging Legacy with Innovation in the Cryptocurrency World

The newly formed partnership between two major cryptocurrency players is more than just a handshake: it’s a fusion of tradition and modernity. At the core of this collaboration is the creation of a resilient trading pair: $EURS and $PGOLD. This pair is a covenant that will last forever. It’s the eighth wonder in the series of Polkagold LP Burns, which aims to enhance the financial ecosystem’s resilience by eliminating trust and establishing a dependable digital commodity.

The PolkaGold community celebrated this groundbreaking partnership by burning $26,500 USD worth of liquidity on January 7, 2023. This liquidity was not just set aside but sealed, never to be touched again, as a testament to its commitment. This LP Burn is revolutionary because it binds them to their new strategic partner, ensuring that the fiat value is not just suggested but enshrined.

Celebrating a Significant Achievement for STASIS and PolkaGold Communities

This event marks a significant milestone for the STASIS and PolkaGold communities, particularly for Stasis supporters from the $DOT and $ALGO families. By locking in 54.5% of all $PGOLD liquidity indefinitely, it has established a financial stronghold. The rest of the liquidity has also been secured for 5, 10, and 20 years, eliminating trust concerns and guaranteeing stability. This marks a major step forward for Polkagold and EURS, ensuring greater demand, liquidity, and transaction volume.

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Algorand aims to reshape a variety of industries — from TradFi and DeFi — to new creator economies and beyond. With an extraordinary commitment to interoperability and consistent delivery, its sustainable technology powers more participation, transparency, and efficiency for all. As the technology of choice for 2000+ global organizations, the Algorand ecosystem is transforming the next generation of financial products, protocols, and exchange of value.

The consensus protocol

The problem with many blockchains is they sacrifice at least one of the key properties of security, scalability, and decentralization. This is known as the blockchain trilemma. Silvio and his team try to solve the blockchain trilemma by inventing a new Pure Proof of Stake (PPoS) consensus protocol, which is the protocol that the Algorand blockchain uses.

Algorand’s consensus protocol works by selecting a block proposer and a set of voting committees at each block round to propose a block and validate the proposal, respectively. The proposer and committees are randomly chosen from the pool of all token holders (the accounts that hold Algo tokens), and the likelihood of being chosen is proportional to the account’s stake in the network.

Multiple advance cryptographic algorithms go into this process, with fancy names like “verifiable random functions” and “cryptographic sortition”. Those algorithms ensure that the vote is fair, no one can collude, and that the overall system is highly secure.

Algorand Core Features

Algorand makes it easy to tokenize, transfer, and program conditions on any instrument of value. Users can create fungible tokens, NFTs, and security tokens with just a single transaction, with no smart contract code required. Or they can program sophisticated decentralized applications (dApps) with Algorand smart contracts.

Sustainability

Algorand aims to become the first carbon-negative blockchain. With its unique consensus mechanism, Algorand is far more energy efficient than other blockchains and is going further by offsetting its carbon footprint in partnership with ClimateTrade, a leader in CO2 emissions transparency and traceability that is using blockchain-based solutions to improve the efficiency of sustainability efforts for leading corporations around the globe.

Wormhole’s supported networks

Wormhole allows users to send assets to and from any of the supported chains without double-wrapping the asset. It enables seamless access to each network’s vibrant DeFi and NFT ecosystem.

ABOUT Wormhole

Wormhole provides a low lift, low code solution for multiple xChain use cases. The Wormhole SDK covers a wide range of use cases to make xChain simpler for tokens, NFTs, apps, and other generic messaging applications.

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ABOUT Algorand

Algorand is building the technology to power the Future of Finance (FutureFi), the convergence of traditional and decentralized models into a unified system that is inclusive, frictionless, and secure.

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With custom-built racing drones traveling 90 MPH, pilots race through the most insane courses across virtual and physical competitions. Merging the digital with the real, DRL delivers innovative drone technology, immersive content, and visually thrilling races on the best sports networks worldwide.

What is Project Drone Galaxy

Project Drone Galaxy is a new massive multiplayer drone racing experience in the metaverse where players compete for NFTs, cryptocurrency, and other rewards. Build your drone and fly-to-win, battling it out against other players in a high-stakes racing arena complete with barriers, boosts, and fiercely competitive pilots. Rise through the ranks by earning resources or unique parts with each victory.

FLY TO WIN

Take your drone skills to the metaverse: Design your quad, choose your flying partner, and take-off at high speeds through player-made course maps. Use gadgets and boosters to overcome obstacles and outsmart your opponents to win rewards.

PROJECT DRONE GALAXY IS AN ALGORAND BLOCKCHAIN-POWERED SPORTS GAME WITH:

1. Fun drone racing competitions through outer world courses
2. Royalties and incentives for map creators
3. Community input in the game development every step of the way
4. One token that all players can earn

These features make for nonstop gameplay, real user ownership, and truly sustainable rewards.

ABOUT Drone Racing League

DRL is the global, professional drone racing property for elite pilots. With custom-built racing drones traveling 90 MPH, pilots race through the most insane courses across virtual and physical competitions.

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ABOUT ALGORAND

Algorand is the world’s most powerful and sustainable blockchain. Its institutional-grade blockchain infrastructure is the first and only to achieve decentralization, scalability, and security without compromises and while being environmentally sustainable. Algorand is far more energy efficient than other blockchains and is going further by offsetting its small carbon footprint in partnership with ClimateTrade.

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Expect a few things to break, UI/UX to possibly need some changes, and maybe bugs. The aim is to iron these out before the launch. Your feedback is invaluable and active testnet users will add to the list for its $VENO token airdrop coming soon!

Testnet Onboarding

1. Go here: https://testnet.app.venue.one
2. Click on Get Started button
3. Use your email to register and check for the login link sent to you by Magic Link. The first time you log in may be a bit slower as your new Algo wallet and contract/token opt-ins are set up.
4. Top up your account at your newly generated Algorand wallet with testnet USDC here. Please note the faucet page is a bit slow and has a limit of 100 USDC but you can repeat the process. Also do not send $ALGO! The collateral currently is ONLY testnet USDC on Algorand.
5. You can trade the markets, provide liquidity, or both!
6. Join Discord and Telegram to get support and connect with the team. Your active participation in the testnet and the community will add you to the airdrop list for $VENO.

VENUE ONE BRIEF INFORMATION

Venue One is a decentralized predictions protocol. It allows you to take a position in real-world events and monetize your views. You can build a set of predictions on sports, finance, and events and earn profits if you are right.

Venue One technology is built on the fast Algorand blockchain. Users can trade collateral in USDC on Algorand using the testnet faucet here. Add your generated Algorand wallet as a deposit address. On the main page, you can select “My Account” and on the next page, you can select “Deposit Funds” under your available cash.

Venue One is accessible using your browser on any device! (PC, Mac, Android, iOS). The team decided it was important to have a great user experience. A wallet signing process would have locked its users to specific browsers and the process of trading (which involves multiple smart contracts) would be complex and slow. That is why Venue One did not support web wallet extensions.

ABOUT Venue One

Venue One is a non-custodial blockchain predictions exchange. Take positions in sports, eSports, finance, events, and more.

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RESOURCES

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SubQuery, fresh off the recent announcement of its support for the Cosmos ecosystem. Continues to deliver on its promise of extensive multi-chain support.

ANOTHER PARTNERSHIP

Now it is the announcement of the impending release of support for Algorand in Q3 2022. Algorand is a high–performing Layer-1 blockchain. Bringing fast, frictionless, and inclusive technology to everyone as it reshapes a wide breadth of industries.

SubQuery Decentralized Data

Furthermore, SubQuery’s flexible, fast, open, and decentralized data indexing solution provides developers with the tools needed to easily organize and query on-chain data for their protocol and applications.

SubQuery Provides a Custom API

Abstracting the backend, SubQuery provides a custom API and lets developers focus on product development and user experience rather than building their own indexing solutions.

“Algorand has always been focus on creating the most efficient and productive tools and environments for developers. SubQuery is a natural extension of our efforts on this front and I look forward to having their solutions available for Algorand users,” —Rotem Hemo, Director of Product Management at Algorand.

“We were an early supporter of SubQuery and are thrilled to see them expand their innovation. Algorand has been focused on providing sophisticated tooling such as the SubQuery data indexing tool to empower developers building applications of the future. We are excited to see SubQuery support the growing Algorand ecosystem.”—Michael Arrington of Arrington Capital.

Moreover, SubQuery has a deep appreciation for Algorand’s focus on decentralization and performance. The same principles that SubQuery maintains when building the decentralized SubQuery Network. Additionally, both parties share the goals of delivering unparalleled technology and enabling developers to lean into web3 faster.

SubQuery Grant Program

Algorand developers will receive all the tools, documentation, developer support, and other benefits that developers receive from the SubQuery ecosystem, including being eligible to participate in SubQuery’s Grants Programme. Algorand is also supported in SubQuery’s enterprise-level managed service, which provides enterprise-level infrastructure hosting and handles hundreds of millions of requests each day. This is all due to SubQuery’s strong origins and experience building the leading data indexer in Polkadot.

 “At SubQuery we always look new emergent ecosystems that have huge developer growth, we expect this growth to accelerate and can’t wait to extend our leading-edge data indexing offering to Algorand developers in 2022”—Sam Zou, the Founder and CEO of SubQuery 

Furthermore, SubQuery is currently focusing on decentralizing and tokenizing the protocol to build the SubQuery Network. The SubQuery Network will be simple and accessible to all. It will also innovate in payment methods, and most importantly, will support indexing Algorand projects from the outset.

The Algorand integration is currently final and testing with a small group of beta projects.

ABOUT SubQuery

SubQuery is a blockchain developer toolkit enabling others to build Web3 applications of the future. A SubQuery project is a complete API to organize and query data from Layer-1 chains.

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ABOUT Algorand

Algorand is the world’s most decentralized, scalable, and secure blockchain infrastructure. From decentralized finance to generative NFT art its sustainable blockchain is powering economic models of the future.

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RESOURCES

Medium

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