Blockchain
Brinc.fi: The Largest Airdrop Coming to Ethereum Layer 2
On March 28th, 2022, Brinc.fi launched the largest airdrop campaign done over an Ethereum layer 2 network. This airdrop campaign is set to drop up to 1,200,000 gBRC tokens over time for users.
Brinc.fi has developed a disruptive stablecoin, $BRC, that increases in price. $BRC is deployed on Arbitrum – a layer 2 scaling solution for Ethereum that provides fast transactions and, most importantly, low gas fees.
In order to engage the DeFi community to participate in the Brinc.fi protocol, everyone who purchases at least 100 $DAI in $BRC will be eligible to get additional airdrops in the form of $gBRC. $gBRC is the governance token of the protocol and is currently trading on Sushiswap and can be used as a staking booster when paired with $BRC.
The campaign will run each month until the allotted reward cap is reached. Claiming rewards is extremely easy with a dedicated airdrop page. For more details and information on the airdrop, visit Brinc.fi’s Medium page.
About $BRC and the Brinc.fi Protocol
Stablecoins dominate the crypto trading market but the top 4 stablecoins that account for over USD170 billion in market cap are all USD-pegged and centralized. In its latest Financial Stability Report, the U.S. Federal Reserve ranked stablecoins among its top threats to U.S. financial stability over the next 12 to 18 months. The market is in need of a truly decentralized, non-USD pegged stablecoin.
The Brinc token protocol provides an alternative token economy that is empirically decentralized, backed by crypto assets, and holds real or “intrinsic” value. The $BRC token’s mission is to replace USD-pegged stablecoins with a decentralized token supply governed by smart contracts.
At the core of the Brinc.fi protocol is a bonding curve algorithm and smart contracts which provide for the continuous minting, burning, price and supply calculation. Every $BRC minted requires $DAI to be put into reserve which provides for on-chain reserve backing. The price of $BRC increases as each subsequent $BRC that is minted into supply follows an increasing price function.
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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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