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Blockchain

MEZZ Launches Bidding-Backed Collateral Extension for DeFi

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Saint Kitts and Nevis, Basseterre–(Newsfile Corp. – March 8, 2023) – MEZZ, a smart contract protocol, has launched a DeFi platform for users to engage in acquisition and liquidation of NFTs and other crypto assets through bidding-backed collateral extension. This unique approach is aimed at solving the liquidity problem in digital asset trading and acquisition. This way, users can acquire specific cryptocurrency assets without having all the necessary liquid assets available, to meet the needs of a rapidly changing market.

MEZZ

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With the MEZZ platform, the acquisition of an NFT or other crypto assets functions as the target acquisition in analogy to mezzanine finance, with an undercollateralized buyer being supported by the mezzanine financier to complete an acquisition.

At its core, users can take advantage of current market pricing and gain access to funding from other users by creating deals for specific ERC-1155, ERC-721, or ERC-20 tokens, known as “Target Assets”, without needing all the required liquidity immediately. An ETH down payment is provided by a user (“Maker”) who is creating the deal, and, if another user (“Bidder”) accepts the Maker’s deal, the Bidder will provide the remaining ETH balance for the purchase.

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Furthermore, users can create deals based on their specific needs. As a result of this flexibility, traders can simultaneously take advantage of the down payment asset and the target asset that is being acquired.

Makers can create deals using MEZZ by specifying: the target asset; the amount of ETH they are willing to deposit as a down payment; the annual interest rate on the remaining ETH; the expiration date; and the payback duration.

MEZZ Token

The MEZZ token is the utility token of the MEZZ platform. The token serves several purposes across the platform including fee reductions and deal assurances.

After a deal has been created, bidders can accept the native token by providing the remaining ETH needed for the purchase. After the transaction has been executed, a MEZZ contract holds the Target Asset in escrow until the Maker repays the borrowed ETH plus interest. If the Maker does not repay the ETH within the set payback period, the deal is considered to be in default, and the bidder can claim the target asset and any MEZZ offered as a deal assurance.

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On the MEZZ platform, Makers can cancel, update, or reactivate their deals prior to it being accepted by a Bidder. Alongside being fair and secure, the platform ensures that all parties involved in a deal are protected and that the Maker’s terms are followed. Basically, participants can access funding from other users to buy digital assets without needing all of the upfront liquidity.

About MEZZ

MEZZ is a smart contract protocol designed to solve the liquidity problem in digital asset trading and acquisition. The DeFi platform is developed for users to participate in acquisition and liquidation of Non-Fungible Tokens and other crypto assets through bidding-backed collateral extension.

Social Links

Telegram: http://t.me/mezzcommunity
Twitter: https://twitter.com/MEZZTOKEN
Official website: https://mezz.world/
MEZZ Dextools: https://www.dextools.io/app/en/ether/pair-explorer/0x43618d01979b0db3df71d1e7e504654943fa7530

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157683

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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Blockchain

Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

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Blockchain

Libfx.com Announces Vision to Build a World-Class Financial Platform

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