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Oneiro Launches ndau, the World’s First Buoyant Coin Optimized for Long-term Store of Value

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BOSTON, MA — September 13, 2018 — Backed by COSIMO Ventures, Oneiro NA Inc. has announced the launch of ndau, the world’s first buoyant digital currency optimized for the long-term store of value. Oneiro completed its equity round from COSIMO Ventures earlier this year and has successfully sold privately nearly $15 million of ndau to date. Unlike stable coins, ndau is not pegged to fiat currencies or commodities. Rather, incentives and economic controls are built into the design of the ndau blockchain in ways that improve on both digital predecessors as well as traditional non-digital currencies. ndau features innovations which seek to provide a combination of digital governance, reduced volatility, value appreciation potential, and long-term dependability not found in existing cryptocurrencies.

Jim Kent, CEO of Oneiro, said: “While other cryptocurrencies have achieved an impressive rate of growth, their volatility has presented a barrier to mainstream adoption, warding off many institutional and retail investors from entering the market. In order to move towards acceptance of a decentralized digital monetary system, we must address the problems of governance, stability, and dependability that limit wider acceptance of cryptocurrencies, especially for a long-term store of value. We are thrilled to have built a truly resilient, global digital currency that will address these issues.”

ndau was initially formulated by the ndau Collective, a group of over 20 leading experts from world-class institutions including MIT, Columbia University, Carnegie Mellon, New York University, University of Chicago, and Goldman Sachs and who specialize in disciplines ranging from economics and monetary policy to cryptography and computer science. Typical stable coins are largely pegged to other currencies or commodities and are therefore subject to the influence of institutions that may not prioritize the interests of long-term holders. This leads to inflationary policies that erode value over time. By contrast, ndau, is governed by the Blockchain Policy Council (BPC), a group of digital delegates continuously elected by ndau holders that are held accountable to the interests of the entire ndau ecosystem.

While stable coins have features to push against price drops relative to fiat currencies, they are also limited in their ability to increase in value over time, making them a less optimal choice for long-term value storage compared to traditional assets. The BPC’s monetary policy fosters a pro-growth environment for the value of ndau while mitigating its downside volatility.

Ken Lang, a technology pioneer and an early member of the ndau Collective said: “When a group of early bitcoin enthusiasts came together a few years ago to map out the biggest limitations to wide adoption of cryptocurrencies, it was clear that those looking to use crypto for long-term value storage had problems that weren’t being addressed. ndau was created as a solution to these problems. The ndau Collective designed an ecosystem of decentralized participants and roles that use built-in incentives, checks, and balances to align interests properly and to protect the interests of all ndau holders fairly.  These participants and roles, such as market makers, delegates, and endowment managers, work together to promote price stability without limiting growth – making it a better fit for long-term value storage.”

ndaundau has economic incentives built into its ecosystem to encourage market interactions between ndau holders that tend to stabilize its price. ndau holders are rewarded based on duration of holding, ensuring that those holding it for its intended purpose are well served. ndau’s monetary policy automatically responds to market conditions in real time, releasing new ndau for sale from the endowment only when demand warrants, and according to a public schedule of target prices that rise exponentially over time. Proceeds from ndau sales flow into an endowment of assets, which serves as a source of liquidity to support ndau monetary policy. During market downturns, excess supply of ndau are taken out of circulation through both algorithmic mechanisms and by market makers, who buy back ndau at a dynamic floor price – similar to how central banks conduct open market operations, except more decentralized.

Robert Frasca, Managing Partner at Cosimo Ventures, said: “COSIMO Ventures is a team of highly experienced former entrepreneurs who invest in the tech space, and we currently focus on blockchain projects that have something really unique to offer. We surveyed the landscape of cryptocurrencies, and we invested in Oneiro because the ndau coin is leveraging blockchain technology to create a really groundbreaking buoyant currency. ndau challenges many of the assumptions held by current cryptocurrency thought leaders today, especially in the realms of digital governance and combining value growth with stability.”

The buoyant nature of ndau positions it as ideal for individual investors, institutions, and businesses alike looking to diversify into an asset that rewards long-term holding. In addition to ndau’s dynamic “guide rails” on price, further economic mechanisms automatically apply in every standard ndau blockchain transaction, providing “buoyant” market forces that dampen downside volatility and instead push upwards. The built-in incentives and economic structure of the ecosystem position ndau to better meet the needs of long-term crypto holders who want their investment to both mitigate volatility and appreciate in value.

For more information on ndau, please visit ndau.io.

*Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this press release.*

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Amber Group Now Licensed to Operate in Hong Kong With Acquisition of Celera Markets Limited

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Amber Group Celera Markets Limited

The acquisition enables Amber Group to conduct relevant regulated activities under the auspices of Type 1, 2, 4, 5, and 9 licenses from the Hong Kong Securities and Futures Commission.

SINGAPORE, 14 June 2022 – Amber Group, a leading global digital asset platform, today announced its acquisition of Celera Markets Limited, a fully licensed financial group by the Securities and Futures Commission (SFC) of Hong Kong. The acquisition represents a significant milestone for Amber Group, as it continues to strengthen its product portfolio to bridge the gap between traditional and digital finance globally.

As a licensed corporation under the Hong Kong SFC, Celera Markets is a discretionary asset management firm that engages in traditional securities and derivatives brokerage services, with an emphasis on algorithmic execution spanning global venues and asset management mandates.

The acquisition leverages the synergies between Celera Markets and Amber Group, as the latter sets its sights on broadening its advisory and deals offering for financial instruments while adhering to the regulatory parameters set by the SFC. Through the acquisition, Amber Group has secured five types of SFC licenses – Type 1, 2, 4, 5, and 9 – which allows the company to carry out a broad range of services including advising on and dealing in securities and futures contracts as well as providing asset management services.

Amber GroupThis is a landmark moment for Amber Group amid an increasingly complex regulatory landscape in the finance industry. The acquisition strengthens Amber Group’s foothold in Hong Kong, a leading global financial center and one of the world’s most active and liquid securities markets, effectively widening the reach of the company’s products and services to legacy financial market participants.

“Hong Kong holds tremendous strategic value as a key global finance hub, and we are proud to be integrating the best from traditional and digital finance as we expand our presence in the market. As an asset management player with a decade-long track record, Celera Markets offers valuable market expertise and TradFi experience which is critical to our global mission to facilitate the convergence of TradFi and digital asset finance. This acquisition also marks a significant milestone in Amber Group’s commitment to regulatory compliance as we strive to build institutional investors’ trust and confidence in crypto assets. As we continue to hold ourselves to the highest compliance standards and win the trust of an SFC-approved institution, we look forward to welcoming a new era of finance in Hong Kong,“ said Michael Wu, Chief Executive Officer of Amber Group.

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Introducing the Next Generation of Trading: EmpireChain Announces Unique New Feature That Makes Profitable Peer-to-Peer Crypto Exchange a Possibility

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Empirechain

EmpireChain platform is a breakthrough development in the cryptocurrency and blockchain space. The new platform allows users to exchange currency and form a reliable trading community while earning profits by selling cryptocurrency at their own rates.

EmpireChain is now offering people a unique chance to enter the crypto space with confidence and start earning profits with little to no experience. The platform has introduced an innovative peer-to-peer crypto exchange feature that will break many boundaries, and open many doors for people who previously felt like they didn’t have enough money to invest in crypto.

In many African countries where people face a lack of online payment sources, EmpireChain will fill a big gap in the market by allowing easy online payment access to all users. By empowering a new generation of traders from all across the world, EmpireChain will diversify the cryptocurrency market with users who bring new dynamics to the table, thus becoming a stepping stone for the evolution of crypto.

Empirechain MabhenaEmpireChain founder Elson Mabhena has been proactively involved in the blockchain and crypto space since 2014.

He is passionate about helping people enter the crypto space and aims to spread his knowledge, skills, and his expertise to a large number of future crypto experts. Over the years, he noticed limitations in the crypto space that stopped some people from investing in cryptocurrency and making a profit. These limitations range from lack of money to be in a geographical location where reliable online payment options are not available, and many more. This gave Mabhena the idea to create a platform that is not only available to users from all across the globe but also allows them to exchange crypto, create a community and forge friendships with crypto enthusiasts.

A spokesperson for EmpireChain made an official statement for the press: “EmpireChain is an easy and innovative solution to the limitations and challenges that come with making a profit from cryptocurrency. For a long time, cryptocurrency has only been available to those who have a large amount of funds to invest, or those who have reliable online payment and crypto platforms available to them. With EmpireChain, a large demographic of people from many parts of the world will finally have access to crypto trading. They will also be able to take advantage of the peer-to-peer exchange feature to easily buy and sell currency.”

The spokesperson further explained the peer-to-peer exchange feature “Our peer-to-peer currency exchange feature is a profitable opportunity for traders who want to earn money daily by exchanging crypto or fiat on their own rates. EmpireChain gives users the freedom to use their trading skills to maximize their profits, which means ordinary people with no crypto background can enter the platform. By forming a community with like-minded traders, users can increase their trading knowledge while creating long-term business relationships that will be highly beneficial for them.”

With Arbitrage trading and convenient payments in local currencies, EmpireChain is also protected by Escrow to ensure that all users get their payments on time, without any delays or hassle. Furthermore, the company is also offering a unique giveaway for new users.

During its Pre-launch offer, EmpireChain is giving away free Shiba Inu coins to users who register on the company website and verify their details. This gives new users an opportunity to kickstart their crypto journey and start earning profits from the very first day.

Interested people can register now on the official company website at https://empirechain.net.

Twitter: https://twitter.com/EmpireCryptoTv

Instagram: https://www.instagram.com/empire_crypto_tv/

Youtube: https://www.youtube.com/c/EmpireCryptoTv

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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Conflux Labs x ChainIDE: Hydra Developer Bootcamp

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Hydra Developer Bootcamp

Co-hosted by the Conflux Network and ChainIDE, the Conflux Labs x ChainIDE: Hydra Developer Bootcamp is launching its opening ceremony starts on April 2nd at 1 p.m. UTC+1. In providing cutting-edge knowledge to African developers, the Bootcamp is free to participate with a 7000$+ prize pool to be claimed.

The event is expected to provide African developers with a four-week free course, covering topics from in-depth Africa crypto industry analysis to intensive developer courses for all-level developers. The topics of the courses also cover the most trending fields like Metaverse, Web3.0, and multi-chains, providing both theoretical and practical knowledge to future Web3ers.

Guest speakers of the event include industry pioneers of blockchain technology and the African crypto market, amongst them, will be present the CEO of White Matrix, Global Expansion Manager of Conflux Network, founder of ChainIDE, founder of Lead Wallet, founder of Cassava Network, CTO of Quidax, founder of Blockchain Nigeria User Group, as well as the co-founder of GIGx. More industry pioneers are to be discovered in the short future.

ChainIDE is the world’s first cloud-based multi-chain blockchain IDE and has hosted multiple bootcamp events in collaboration with industry leaders including Binance. ChainIDE supports more than 10 well-known blockchain ecosystems including Facebook Diem, AntChain, Ethereum, and Huawei Kunpeng. So far, ChainIDE has helped developers in more than 185 countries, providing over 8.5 million smart contract compilation services and 70 million blockchain middleware traffic.

Conflux is committed to building next-generation blockchain infrastructures, and the Conflux network uses a scalable consensus algorithm based on the tree-graph structure. This solves the problem of wasted computing resources and reduced security caused by forking in highly concurrent networks so that consensus is no longer a bottleneck for blockchain performance. It is worth mentioning that the Conflux network has achieved a high throughput of 3000+ TPS without sacrificing any degree of decentralization, making it an industry pioneer.

Event Registration:

https://docs.google.com/forms/d/e/1FAIpQLScx-OzoePNhf4-w7uo6SAEPT_Ckw9JH7VccyuIq_9askqWF9w/viewform

Latest bootcamp info:

https://t.me/ChainIDEAfrica

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