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
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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