The collaboration team would utilize the cloud technology and Artificial Intelligence (AI) to introduce data management and identity securing platform with the goal of being the cheapest and most integratable to lower the barrier to entry for businesses of any size.

 “ShareRing is extremely pleased to work with Tencent Cloud in developing a world-first identity and document management platform.

We have strong confidence in Tencent Cloud’s capability as one of the most reliable, high-performance, and globally recognized cloud services providers in the world.” Tim Bos, CEO of ShareRing

The new project would first be launched in Southeast Asia, a region that has been heavily affected by the Corona Virus through travel restrictions. Both companies plan on combining technological resources together such as the combination of ShareRings distributed ledger technology (DLT) with Tencent cloud optical character recognition (OCR). This converts characters into text, helping improve the efficiency and accuracy of data entry. Tencent and shareRing plans on helping Southeast Asians with the developments they plan on building.

The ShareRing App

The ShareRing app is a travel platform that will allow users to have access to practically everything concerning travels ranging from hotel reservations, flights, insurance policies, car rentals and tour packages. To add all these, they are also working on an open World passport, the first anonymous contact tracing passport that can be integrated with e-visa on arrival system (eVOA), travel insurance companies, airlines, hotels and retail shops.

The app has already gotten large interest from leaders in the Association of Southeast Asian Nations (ASEAN) region and they are closely working with Thailand to introduce it in the country.

Both projects hope to solve the issue of projects competing over liquidity across all exchanges. It says that crypto assets today are distributed over 200+ exchanges and all projects are competing for a finite amount of liquidity. They plan to solve this by developing a decentralized platform where all liquidity from the entire crypto market will be aggregated into one platform. They would aggregate the order book, depth and price price discovery from all centralized and decentralized digital asset markets.

The product is called Orion Terminal, a decentralized gateway to the entire digital asset market.

Bonded Finance plans on developing an algorithm that will help aggregate, derisk and unlock 50 million in dormant value distributed amongst untapped digital assets. They would also allow altcoin projects that are qualified to borrow against their assets, or pool them and start earning.

The collaboration allows for locked and staked ORN tokens to be made available for yield generation via the Bonded Finance Smart Contracts.  Holders of ORN will have access to Ionic, Bondeds lending / borrowing product. This access will allow them to loan and borrow ORN, Access capital resources, earn as they hold and to also earn from the liquidity incentives.

Alexey Koloskov, CEO + Co-Founder of Orion Protocol states “With a shared mission of bringing greater liquidity, accessibility, and value to open finance, we’re proud to be partnering with Bonded Finance. This will enable ORN holders to further monetize their assets by unlocking even deeper yield generation opportunities, earn liquidity incentives, and loan and borrow ORN – all while furthering ORN’s utility within Bonded’s growing ecosystem.”

Orion protocol would help Bonded Finance by providing them with their protocol’s liquidity API which would allow for streamlined Liquidation of assets available on the Bonded platform thereby allowing it to perform a wide market sweep across all exchanges in the market to efficiently handle potential liquidations. The provision of the API by Orion protocol would allow Bonded finance to transact large quantities of assets strategically without risks associated with it.

Paul Mak, CEO of Bonded Finance, states, “To have a single-source liquidity provider amidst this fragmentation is a small miracle. As we move forward, Orion’s solution will allow us to list more assets and provide smaller projects with needed support. It’s a win for the space.”

Orion Protocol

It is built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one platform: providing a decentralized gateway to the entire digital asset market. In doing so, Orion is building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.

Bonded Finance

The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven, financial instruments that push the bounds of open finance. Bonding is an algorithmic model that aims to unlock, aggregate and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to borrow against these assets or pool them and start earning.

The collaboration would allow individuals in the African regions to directly access the lending platform through the mobile money system. Such partnerships would allow users to deposit local currencies from their accounts straight into the lending DeFi protocol such as Compound, Dydx,Curve, YFI and other non-lending protocols existing on the DeFi platform. Partnerships that would allow this to happen would include MTN Nigeria and other top 10 MTN mobile money providers in Africa, they also partnered with the Nigeria Inter-Bank Settlement System PLC.

ADD.xyz is built with the aim of creating bridges between centralized and decentralized finance, to do this they aim at partnering with centralized platforms with users who are very well interested in the decentralized finance (DeFi) space. They partnered with major banking providers in Kenya back in August ,2020 thereby exposing their product to over 5 million population in Kenya. The partnership with MTN Nigeria and Nigeria’s Inter-Bank Settlement System PLC also helps them expose their DeFi protocol to over 201 million Nigerians. The lending platform will be able to accept the Nigerian Naira and Kenyan shilling for the first phase of the launch.

“Financial inclusion in East Africa has been significantly impacted by the wide adoption of mobile money services — led by Kenya — but the uptake has been slow in Africa’s two largest economies, Nigeria and South Africa. While South Africa’s more advanced economy often treats mobile money as a “nice to have”, the situation in Nigeria is quite different. There, just 40% of people have bank accounts, so the economy would likely get a boost from the expansion of mobile money services.”

How To Do It

Users will be able to deposit local currencies into ADD.XYZ local MTN approved accounts through the main platform. They then get assigned to the protocol and the amount of currency they wish to deposit into the DeFi lending protocol. Interest will also be paid back to the users mobile money account in a fully decentralized and instant solution.

Nexo’s internal exchange would allow its users to switch and exchange between different asset classes from their Nexo wallet, and also to change the collateral. The crypto lending platform plans on having a Mastercard which would allow users to take loans against their crypto holdings in real-time. The Nexo Mastercard is currently only available in Europe but they plan on expanding it to the United States and Asia as well.

Antoni Trenchev, Cofounder and managing partner of Nexo stated that the amount of registered users had crossed 1 million and that about half of that number are earning on fiat currencies while the other half are earning on their cryptocurrencies. He added that the company has processed more than $3 billion for their users in over 200 jurisdictions.

The company is also looking at ways to work with the Decentralized products and decentralized finance or protocol so as to build some products in the future on.

“But right now, we are focused on generating the highest possible yield for our clients and investors in a manner that we are fairly certain is very safe for them,” Trenchev said, adding that decentralization of their services is coming, “as soon as there are sustainable solutions” that will enable safety.

The crypto lending platform has had a long-standing relationship with the Litecoin community and founder, Charlee Lee. Trenchev noted that an announcement of their partnership had caused a 40% spike in the amount of deposit on the platform.

“And what we saw is a spike in deposits of litecoin. I think it went up to something like 40% the week after announcing it, so these were tangible results out of this partnership,” he said.

The company is looking to expand its business geographically and to enter into the United States with an office in San Francisco irrespective of the fact that their digital asset Nexo would most likely be regarded as a Security under the US SEC jurisdiction. Plans for expansion of offices have been put on hold because o f the global pandemic, CoronaVirus.

Just like every other societal sector, the educational sector is filled with fraudulent activities such as diploma forgeries. It is especially hard to verify each diploma certificate or educational qualifications manually since that presents a tough task to employers. The Government of Vietnam;s Ministry of Education (MOET) plans on limiting this through the adoption of the NQA System, which will provide a standardized process at the national level. This development would enable agencies to verify diplomas in a simple, accurate and economical way and without affecting the autonomous power of degree-granting institutions in the country.

TomoChain Blockchain is adopted because of its ability to handle near-instantaneous transactions at a speed of 2000 transactions per second (TPS) and it’s cheap fee of $1 for over 30,000 transactions.

The NQA System will provide MOET with a simple interface that allows them to receive, and organize digital diplomas. Diplomas stored on TomoChain blockchain are transparent and ensure data integrity due to its immutable nature. Certificates uploaded to the NQA system are tagged with a unique ID, which is provided to students upon graduation. Employers simply need to ask for this information and when provided by the graduate, the employers can simply log on to the NQA System to verify and authenticate the diploma record.

The NQA System development started in October 2020 and is expected to be completed before the end of the year, further developments would be made when necessary and additional features will be added.

Linear Finance started their journey with the aim of building a synthetic asset protocol that would actually be used seamlessly and effectively, they faced some challenges that existed in that sector such as the problem of front running caused by traders taking advantage of slow price updates. The Linear team believes Band Protocol to be one of the strongest solutions for scalability and such has partnered with them.

The Linear Finance team hope to leverage some of Bands protocol use cases such as high throughput and latency with low block times without compromising on cost effectiveness as offered by Band Protocol. Band Protocol will help them deal with the problem of front runners, making Linear Finance protocol safer for traders and stakers in the network.

“Front running is a fundamental problem not just for current synthetic asset trading but all trading in general. We know that even if Linear offers all the benefits of cross-chain compatibility (such as speed and cost), and a superior creative selection of synthetic assets, trading will still be meaningless for users if trades can be front run. The whole system would still be fraught with risk. By collaborating with Band Protocol for our BSC integration and onwards, together we are able to build a safer and scalable trading protocol.” Drey Ng, Co-Founder at Linear Finance said.

This partnership will allow Linear Finance to easily integrate with other great projects to build a synthetic asset trading platform that is faster, safer, and cheaper than existing alternatives.

Soravis Srinawakoon, CEO and Co-Founder at Band Protocol said: “Band Protocol is thrilled to be chosen by Linear Finance as an oracle partner for their upcoming Mainnet launch. The partnership will begin with securing their synthetic asset protocol on Binance Smart Chain and expansion to other major blockchain platforms. Both teams are also researching extensively into mitigating the frontrunner problem for all synthetic asset trading platforms.”

 Linear Finance

Linear Finance is the first cross-chain compatible decentralized synthetic asset protocol to create, trade, and manage synthetic assets (Liquids), and acts as a faster, cheaper, safer, and easier to use alternative compared to other synthetic asset protocols. Our goal is to democratize investment assets and provide creative thematic exposures to our users while also solving existing scaling/high gas fee issues and increasing composability.

https://linear.finance/

https://t.me/linearfinanceannoucements

 Band Protocol

Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle.

https://bandprotocol.com/

https://t.me/bandprotocol

Today, a partnership between Crypto banking platform cashaa and the United Multi-state Credit Co-operative Society has made it possible for 22 banks branches in India who are interested in Crypto banking services. The citizens of India who are interested in Cryptocurrency will soon be able to go to their local bank branches to get Cryptocurrency and to also learn about investing in them.

Cashaa stated that “initially account holders will be able to buy and sell bitcoin (BTC), Cashaa(CAS), Ethereum (ETH) , Binance coin(BNB), Bitcoin Cash(BCH), EOS, Litecoin(LTC) and Ripple (XRP) with cash or the amount balance in rupees”. The 22 branches will be ready to start operations by December, Cashaa’s spokesperson reportedly said.

Lounges For Crypto Customers At The Bank

Cashaa plans on making available Crypto Lounges in all 22 branches where customers can walk into and get educated about cryptocurrencies along with other banking services.

“The United’s existing branches will be transformed and modernized as Crypto Lounges,” Cashaa described, noting that “Members can walk into any of these branches and get educated about cryptocurrencies along with other banking services.”

Cashaa plans on educating members who visit the lounges about investment opportunities, utilities of bitcoin and other cryptocurrency , how to use and to store crypto etc.

The immediate plan is to open these Crypto Lounges in Delhi, Gujarat, and Rajasthan covering a population of 150 million Indians living in these states.

Account holders with the bank will also be able to use their Cryptocurrencies as collateral to take loans in the bank Just like any other traditional loan given by banks.

The crypto exchange plans on conducting security token offerings(STO’s) “in due course” ,this is to help small and medium sized businesses to raise funds. The official report stated.

“Digital assets are poised to be the future of tomorrow’s digital economy. With DBS Digital Exchange, a bank-backed digital exchange, companies, and investors can now leverage an integrated ecosystem of solutions to tap the vast potential of private markets and digital currencies,” the DBS exchange announcement stated.

The exchange will be monitored and regulated by the monetary authority and will leverage the banks expensive experience over the years in capital markets and providing secure custodial services.

DBS digital exchange does not plan on allowing deposits and storage on the exchange platform itself, they plan on allowing  customers to store all digital assets with the DBS bank. To ensure that users funds are safe, the bank has deployed an institutional

Grade custody solution specifically tailored  to the safe keeping of digital asses.

Deploying the stock exchange Exchange method of trades

Unlike other crypto currency exchange which allows for the trading of Cryptocurrencies anytime including weekends, DBS digital Exchange will not allow trading on weekends and also has time limits to trading on weekdays which are from 9am to 4pm similar stocks  exchange .

The FAQ section of the website also indicated that the exchange platform would be available to institutional investors who would need to access  the platform through a DBS member such as DBS buckets securities (Singapore) and DBS private bank.

The DEX known as SparkSwap will allow instant conversions of multiple Cryptocurrencies in a trustless and decentralized manner, it will allow users who provide liquidity to earn from the trading fees generated.

Multi-Staking would allow participation in the liquidity staking pools to earn both SRK, their official erc-20 tokens and SFuel, the DeFi Ecosystem Token.

P2P Lending and Borrowing will allow investors  to use all coins and NFT’s to borrow funds as collateral. They can also use Crypto Collectibles such as Game items, Virtual estate and Digital artworks as collaterals for borrowing from their protocol.

You can get more info from their official medium article.

SPARK-DEFI ROAD MAP

Along with the launch of the website, the SparkPoint team also released their official road map for the Spark DeFi.

SFUEL TOKEN

SFuel is a SparkPoints SparkDefi governance token that comes with a total supply of 150,000,000. It will be launched on the Binance Smart Chain (BSC)  as a BEP20 token in Q4 of 2020. Team has delegated 20% of total tokens for sale through an Initial DEX Offering (IDO). The sale will be conducted as a private sale for early adopters first targeted Crowd Funding is $950,000. The private sale would be conducted at a price range of $0.03 and 0.06 respectively while the IDO would be at $0.15.

SRK holders will be given priority in the private sale and are entitled to a quarterly airdrop distribution beginning this Q4 2020.

In this article and video, I discuss the top 10 crypto altcoins in July 2020.

Bullish Altcoins List

Cardano (ADA) Shelley Mainnet Launch

The altcoin I’m most bullish on is Cardano due to their much anticipated mainnet finally launching. This hardfork will introduce staking and smart contracts to the project, among other features.

Cardano recently announced a partnership with Coinbase to allow users to stake ADA from cold storage with Coinbase custody. We should be seeing many other partnerships coming for staking also.

SparkPoint (SRK) New Roadmap and Staking

My second most bullish altcoin for July is SparkPoint SRK token. This project is only a little over a year old and is a micro cap altcoin with a market cap of only $1.8 million.

This project has developed 5 apps within their first year and just announced they are hiring 3 more developers to double their product production. They also are releasing a new long term roadmap on July 27th that will show the future plans for the project.

With SRK being only $1.8m market cap, to get a 100x return on investment would only require a market cap of $180 million. Many projects with less to show have a much higher market cap for this, so I believe there is huge potential for SRK.

Some other notable features of SparkPoint SRK:

• Monthly roadmaps and consistent growth
• Powerful Token Ecosystem
• LOW market cap
• Already generating revenue
• Creating popular products (Mobile games, Delivery app, Learning platform)
• Deflationary token supply

Altcoin Season Is Here

There is lots of bullish data showing that the next big altcoin season is here. We have already seen many projects do over 500% returns recently and Bitcoin dominance is also dropping.

I believe the cryptocurrency space has finally entered a bullish market and will be seeing the crypto global market cap pass $1 trillion for the first time by the end of 2021 or sooner.