Blockchain
Usechain Funds Crypto and Derivative Exchange TaurusEX to Compete With Others
Recently, Usechain Asia Foundation funded TaurusEX (jinniu.pro), a one-stop digital financial assets trading platform built by quantitative execs from Wall Street, which was officially launched on Aug 8. As a finance-based crypto exchange, TaurusEX will compete against other similar crypto derivative exchanges by offering creative derivatives products.
Ambitious in Derivatives Market
TaurusEX got funded by Usechain Asia Foundation, which launched the mirror-identity blockchain — Usechain in 2018. TaurusEX introduces “Brennan-Cao” formula from the frontier theory of high-order future pricing by Usechain CEO, former Berkeley Finance Professor Henry Cao, to develop the most innovative product – high-order futures contracts.
“Traditional futures contracts are linear as we all know, but the high-order futures contracts are what we put more factors into consideration to make a more complete market compare to linear contracts,” Professor Henry Cao explained.
Other Crypto derivative exchanges are mainly about crypto currencies like BTC/ETH, while TaurusEX is more than that. Besides crypto currencies, forex, commodity, futures, even options can be tokenized and traded on the platform. In addition, TaurusEX will provide not only futures but also spots as supplementary.
“This is a greater market and I see great ambition on TaurusEX,” said Professor Henry Cao.
A Combination of Decentralization and Centralization
The difference between TaurusEX and most of the exchanges on working process is that it is a compromised model with combined decentralization with centralization. Briefly the matchmaking mechanism is a centralized system that supports high concurrency working off-chain, while clearing and settlement are decentralized working on the Usechain network (DPoS). The Mirror Identity Protocol on Usechain network will help TaurusEX to comply with KYC, AML and CFT regulations as well. In this case, the liquidity is improved and the safety is guaranteed.
New Model of Token Listing
Most of the exchanges charge huge fees to token sponsors to list on their exchange, this is one of the factors why exchanges are profitable. TaurusEX would like to create a new business model, that it allows a direct listing without listing fees for those who meet the standard of premium project judging by deposit volume. The deposit volume requires no less than 1 USDT equivalent in value each from 1000 valid users. In this way, it will bring real trading volumes instead of fabricated volumes, and benefit the sustainable development of TaurusEX. Moreover, token listing recommended by community is in the plan.
It’s just the beginning of TaurusEX, and so far, it gained a lot of attention in the Taurus Coin (TC) sale, which shows high expectation from the market. TaurusEX will realize its commitment of providing creative derivatives service in the medium term according to its roadmap.
“TaurusEX is absolute professional and I believe it will meet our expectation of helping potential projects get funded and benefit the whole industry, instead of earning high commissions and fees,” said professor Henry Cao.
SOURCE Usechain
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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