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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The first component of the partnership involves a $50 million ALGO token purchase agreement to, in part, provide liquidity into the Algorand ecosystem.

An additional MOU has been signed with the aim of allocating funds to support projects that are building on the Algorand blockchain in the spaces of DeFi, Art and Music, Gaming, Oracles and Bridges, and Infrastructure.

The Managing Partner of DWF Labs, Andrei Grachev, had the following to say about this collaboration:

“We selected Algorand because of its unparalleled level of technology and security among permissionless DLTs, as well as its leadership in environmental sustainability and social impact. Algorand’s blockchain infrastructure provides the speed and instant finality required for creators, financial institutions and governments to smoothly transition to the new digital economy at scale, in an environmentally responsible manner. This partnership with the Algorand Foundation is another important step in the maturation and growth of innovation in this space,” said Grachev.

About DWF Labs

DWF Labs is a global digital asset market maker and multi-stage web3 investment firm, providing support from token listing to market making to OTC trading solutions. DWF Labs seeks to invest and support bold founders who want to build the future of Web3.

About the Algorand Foundation

The Algorand Foundation empowers a dynamic, inclusive, and borderless global ecosystem – at scale – based on the Algorand blockchain technology. Designed by MIT professor and Turing Award winning cryptographer Silvio Micali, Algorand is uniquely capable of delivering on the promise of a borderless global economy. It achieves transaction throughputs at the speed of traditional finance, but with immediate finality, near zero transaction costs, and on a 24/7 basis. Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism achieves both security and scalability on a decentralized protocol, and without a second of downtime since it went live in 2019.

SOURCE:

https://chainwire.org/2023/06/26/dwf-labs-and-algorand-foundation-reach-strategic-partnership/

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About Glitter Finance

Glitter Finance is an interoperability solution that serves as a layer-zero for DeFi protocols across multiple blockchain networks. It thrives by linking disparate ecosystems and simplifying the usage and investment process across chains. Glitter bridge powers cross-chain transfer of assets between Non-EVM and EVM-supported networks bidirectionally, the first being the Algorand and Solana blockchain networks.

Glitter Finance has successfully bridged Algorand Network to Solana bidirectionally with over 99% efficiency and successful bridging transactions and is looking to bridge other top layer 1 networks and emerging networks that are widely adopted. It allows for easy integration with supported blockchain smart contracts, protocols, decentralized exchanges (DEX), and wallets to enable liquidity movement across various blockchain networks.

Glitter will be introducing other significant crosschain products. These include cross-chain swaps in partnership with USDC Circle, an SDK for easy integration, and the integration of EVM blockchains.

🔽DETAILS:

https://medium.com/ferrumnetwork/introducing-first-staking-partner-on-algorand-glitter-finance-2f69611f191e

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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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RESOURCES

Wormhole

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As the technology choice for 2000+ worldwide organizations, governments, digital-native DeFi apps and recently FIFA World Cup 2022, Algorand is reshaping every industry from TradFi and DeFi to new creator economies and beyond. Algorand’s superior performance, flexible architecture, minimal transaction costs, and scalability are critical components of our user experience. This promising ecosystem is changing next-generation enterprises that seek to leverage Web3 digital capabilities to generate development, inclusivity, transparency, and innovation while being environmentally responsible.

The integration means Coin98 Super App users can now create/ restore Algorand wallets, and manage assets (soon with NFTs) on this blockchain natively from V12.0 onwards, and on Coin98 Extension & Web Wallet in the upcoming versions. Our team is also welcoming and working on bringing a fast & flawless experience to users when connecting to promising DApps built on Algorand.

Algorand being available on Coin98 enables both parties to thrive together in the market, bringing new opportunities to communities. With this integration, Coin98 is diversifying users’ approach toward one of the most globally recognized and distinguished blockchains. The goal is bringing fast, frictionless, and inclusive technologies to everyone in the Crypto-space. The multi-chain capability that Coin98 provides will connect ever-expanding communities. 2M+ users to many projects on the Algorand ecosystem, powering this high-performing blockchain to thrive more rapidly.

In the foreseeable future, Coin98 is excited to continue on a magnificent adventure with Algorand on new fascinating initiatives. It will release even more technical potential, paving the path for a future. In which Web3 may be found in many aspects of our everyday lives.

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. Algorand is founded by Turing Award-winning cryptographer, Silvio Micali.

Website | Twitter 

About Coin98 Super App

Coin98 is the #1 crypto super-app to seamlessly connect a billion users to the crypto world safely and securely. They offer users a comprehensive and trusted ecosystem of essential services across the globe, including a non-custodial, multichain NFT & cryptocurrency wallet, built-in DEXs, Cross-chain Bridge & DApp Browser, a powerful Terminal, attractive Earn, Gift & Campaign, and Others.

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SOURCE:

https://blog.coin98.com/coin98-supports-algorand/

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Integration HighLights

Coin98 introduced the integration of Algorand to unleash scalability, fuse TradFi x DeFi, and accelerate global sustainability.

At Coin98, they constantly strive to identify and explore the most forward-looking, cutting-edge, and sustainable solutions. To bring more people closer to technologies that power the Future of Finance (FutureFi), Coin98 Super App V12.0 has recently brought new blockchains, including Algorand, to their community.

This integration indicates Coin98’s extraordinary commitment to the vision of “Your Crypto Everything App.” leveraging the core multi-chain engine.

Algorand Overview

As the technology choice for 2000+ worldwide organizations, governments, digital-native DeFi apps, and recently FIFA World Cup 2022, Algorand is reshaping every industry from TradFi and DeFi to new creator economies and beyond. However, Algorand’s superior performance, flexible architecture, minimal transaction costs, and scalability are critical components of our user experience. This promising ecosystem is changing next-generation enterprises that seek to leverage Web3 digital capabilities to generate development, inclusivity, transparency, and innovation while being environmentally responsible.

Additionally, the integration means Coin98 Super App users can now create/ restore Algorand wallets, and manage assets (soon with NFTs) on this blockchain natively from V12.0 onwards and on Coin98 Extension & Web Wallet in the upcoming versions. Hence, their team is also welcoming and working on bringing a fast & flawless experience to users when connecting to promising DApps built on Algorand.

Algorand being available on Coin98 enables both parties to thrive together in the market, bringing new opportunities to our communities. With this integration, Coin98 is diversifying users’ approach toward one of the most globally recognized and distinguished blockchains. For bringing fast, frictionless, and inclusive technologies to everyone in the Crypto-space.

About Algorand

Algorand is building the technology to power the FutureFi. The convergence of traditional and decentralized models into a unified system that is inclusive, frictionless, and secure. Algorand is founded by Turing Award-winning cryptographer, Silvio Micali.

Website | Twitter 

About Coin98 Super App

Coin98 is the #1 crypto super-app designed to seamlessly connect a billion users to the crypto world safely and securely. We offer users a comprehensive and trusted ecosystem of essential services across the globe, including a non-custodial, multichain NFT & cryptocurrency wallet, built-in DEXs, Cross-chain Bridge & DApp Browser, a powerful Terminal, attractive Earn, Gift & Campaign, and Others.

Website | Twitter

SOURCE

https://blog.coin98.com/coin98-supports-algorand/

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