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DBA (Distributed Business Accelerator) Aims to Provide Solution to Vitalik Buterin’s Problems

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Distributed Business Accelerator
Vitalik Buterin at the 4th Wanxiang Global Blockchain Summit 2018 (PRNewsfoto/DBA Foundation)

SINGAPORESept. 15, 2018 /PRNewswire/ — At the Wanxiang Global Blockchain Summit 2018 in Shanghai on September 11, Vitalik Buterin, co-founder of Ethereum, presented his view of the relationship between mechanism credibility and blockchain. Unlike his usual keynotes which mainly focused on the underlying technology behind public blockchains, he focuses on the practicality of the even more complex socio-economic functions of blockchain and the corresponding challenges.

Vitalik states the best mechanism “tries to allocate best resources for those with the most need, whether it is projects, governments, or companies.” Some examples of mechanisms are voting, auctions, markets, and exchanges (including decentralised exchanges). How fairly and efficiently resources are allocated rely on the credibility of the mechanism design. While centralised mechanism has remained the norm, this requires all parties to trust the central mechanism to operate correctly. Yet, as Vitalik says, there are currently serious trust issues between people and centralised systems.

Though a pioneer in blockchain, Vitalik dedicates the latter half of his presentation to discussing four significant challenges that prove a decentralised blockchain is not the solution neither. The four challenges are: miner/validator manipulation, privacy, anti-sybil, and collusion. As Vitalik said: “Blockchain can solve some problems but blockchain cannot solve all problems.”

While Vitalik proposed Multi-party Computation as the technical solution to mechanism credibility, Hong Kong start-up, Distributed Business Accelerator (DBA), sees the real answer in creating socio-economic model with a hybrid of centralisation and decentralisation.

What is DBA?

Distributed Business AcceleratorAs a core project in the Wanxiang Blockchain’s ecosystem, DBA, started in May 2018, is experimenting with a different approach from the traditional ICO method.

As a user-driven accelerator for promising global blockchain startups, DBA builds on the essence of decentralised blockchain for fairness and transparency but also explores an innovative venture system based on voting and token fund investment.

The hybrid model provides the community a chance to participate in the private equity round through various means but dedicates the investment decision to the centralised token fund, which consists of investment specialists and funds.

How to participate?

There will not be an ICO, around half of the total supply of DBA tokens will be distributed to the community through votes and contributions. The foundation has executed three successful rounds of project selection in the Chinese community. The international platform is expected to launch on September 18, 2018, with a new round of voting soon after.

Visit Dbaglobal.com for more details.

*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.*

Press Releases

Millennials Make 25,000% Returns on New Crypto and Gaming

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Crypto and Gaming

During the pandemic, the blockchain game Axie Infinity attracted a large number of millennials. The firm’s token currently boasts a market worth of over $2.5 billion

So far, the gaming token, which was introduced in November 2020, has risen over 25,000 percent, implying that a $1,000 investment would have grown to Rs 2.5 lakh in just 9 months. It is a trend that is widely expected to continue, as more gamers prefer the indoor experience, as you can play online pokies or any other game from wherever you are. Jackpot City Casino, for example, is a leading online brand renowned for its wide array of impressive gaming offerings for people from across the globe.

Axie InfinityThe cryptocurrency AXS is one among the few exceptions, having weathered the storms of May and climbed to a new all-time high, hovering around $42. After China started a major crackdown on the crypto industry in May, the crypto market saw aggressive selling in the larger and more popular coins.

The ecosystem has half a million daily active consumers, according to Vikram Subburaj, CEO and co-founder of Giotto’s Cryptocurrency Exchange, and new customers are coming from developing nations like the Philippines and Indonesia.

“For the gaming group though, AXS represents rather more than only a cryptocurrency, and therefore, it stays worthwhile in that ecosystem. The true problem that AXS will face can be in scaling each day’s lively customers to manifold,” he mentioned.

Axie, based on the Ethereum community, uses blockchain technology to entice participants. Axie Infinity Shard token (AXS) and the opposite in-game token can be earned in a variety of ways. Its universe may be quite similar to Pokemon, which many millennials can connect to.

Everyone wants to buy Axie to begin the game, and the digital pets in the games may be purchased with this digital currency. The possibility for financial gain is what has made the sport so popular, particularly in developing nations.

Siddharth, WazirX‘s COO, feels that crypto in the gaming space is one of the most significant markets. He praised cryptocurrency for its contributions in this field.

“Players spend countless cash in shopping for belongings, however are usually not capable of resale or carry that belongings to different video games. Crypto video games are a real worthy addition to video games,” he added.

Axis Infinity offers a whitepaper outlining its roadmap and goals. Staking will be introduced soon. This allows token owners to invest their money for a specified length of time and receive interest.

Crypto-related video games, according to experts, will be a big trend in the near future, with players not only exchanging NFTs within the game but also selling them to cult members. Gaming as a career is gaining momentum in the Western world, and children’s gaming expenses have increased.

New use cases for blockchain and cryptocurrencies, according to Subburaj of Giottus, will continue to revolutionize the larger world of gaming. He said that AXS had transformed gaming from a money-losing and time-consuming pastime to a money-making venture.

“When a recreation grows larger, gamers are usually not benefited aside from extra gamers to play with,” mentioned Menon. “It is superb in this area as the sport community grows and gamers develop with them.”

However, not everything is perfect for the Axie Infinity. The highly expensive Ethereum community has significant limits, and it needs reliable technology to help it progress.

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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Press Releases

Bitzlato Extends Free Withdrawals Until the End of August!

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Bitzlato Free Withdrawals

Users from Africa really liked the free withdrawal campaign and Bitzlato decided to continue it! Trade at 0% escrow fee and get vouchers for a free withdrawal all August on Bitzlato.

What do you need to do?

On Bitzlato P2P you can withdraw your crypto for free with our vouchers for a free withdrawal!

How to get them? Very simple! 

Make at least 1 trade using one of the African local currencies (NGN, KES, ZAR, DZD, EGP, ILS, AOA, BWP) and on the next day, you will find a voucher in your cabinet. 

Trade without commission:

  • Buy and Sell cryptocurrencies at 0% escrow fee.
  • Create buying and selling ad offers at 0% escrow fee.
  • Transfer cryptocurrencies within Bitzlato users for free.

Bitzlato P2PAlso, Bitzlato has disabled the commission for transactions with USD, EUR, as well as more than 60 other currencies! Read more here.

How to use vouchers you can read on Bitzlato blog.

Follow Bitzlato on Twitter, Facebook, Telegram, Instagram, and YouTube to get the latest updates and take part in their giveaways.

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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Press Releases

Tokentracker Launches BSC Telegram Wallet Bot

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Tokentracker

Tokentracker just released myBSCbot, a wallet on Telegram that allows you to send and receive BSC tokens easily. It is their goal to do more than help investors control the tokens they invest in. Tokentracker is also making crypto accessible to everyone! As a part of their innovation, they’re bringing you a decentralised wallet on Telegram to encourage mass crypto adoption.

The myBSCbot lives on the Telegram app and allows you to send tokens directly to addresses in or outside Telegram. It eliminates the need to go back to your external wallet apps to make a quick transaction. Anonymity is assured on myBSCbot as your name, tax identification number, or other personal information are not needed to operate your wallet.

Opening your wallet is fast and easy! Just head to https://t.me/mybscbot, and in 30 seconds, your wallet is ready.

We’re giving out 1,000 TTK to the first 10,000 people that sign up and fill the airdrop form at http://bot.ttk.finance/ Hurry, so you don’t miss out.

Benefits Of Using myBSCbot Wallet

1 It is user-friendly: You won’t be asked to go through any technical process to get started. You can sign up at the click of a button and start sending and receiving your cryptocurrencies.

2. It is safe to use: myBSCbot is safe and secure. Their goal is to make the wallet secure and easy to use, even for a 5-year-old.

3. It is easily accessible at no cost: Do you have a smartphone? Of course, you do! Then, you can use myBSCbot— anyone with a working smartphone connected to the internet can use our wallet at no cost—the only fee is a small gas fee paid to miners in BNB.

4. Available at any time: With myBSCbot, you can send and receive cryptocurrencies anytime and everywhere where there is internet coverage. What you need to do is just head to the bot and follow the process.

5. myBSCbot lets you send and receive BNB, TTK, BUSD, and USDT on Telegram, with more tokens coming soon.

PS: Currently, our airdrop program is ongoing, and we are using the opportunity to give 1,000 TTK to the first 10,000 people to sign up for our BSC wallet. Sign up now at http://bot.ttk.finance/, so you don’t miss out.

How To Use myBSCbot?

myBSCbot

We have made it super easy to get your wallet, deposit cryptocurrencies, transfer funds, and check your balance. Just follow the steps outlined below.

  1. Go to https://t.me/myBSCbot
  2. Click on “Sign up”, and immediately your account is auto-created, linking your
  3. Telegram username to a unique BSC Address.
  4. Click on “Main menu” to see options to Topup your wallet with TTK, BNB, BUSD or USDT.

To Deposit

  • Click on “Main menu”
  • Select “Finances”
  • Select “Deposit”
  • Select “Currency”
  • Your BSC Address would be generated for you to Deposit to.

To Transfer

  • Click on “Main menu”
  • Select “Finances”
  • Select “Transfer”
  • Select “Currency”
  • Enter “Receiver Address”
  • Enter “Amount to send” and complete the transaction.

To View Balance

  • Click on “Main menu”
  • Select “Finances”
  • Select “Balance”
  • And the balances of your assets would appear.

Note:

  • To view the list of available shortcuts, Enter “/help,” and you will find all the features you can use on the myBSCbot.
  • You must hold a minimum of 200,000 TTK to transact with myBSCbot.
  • Our wallet only lets you send and receive BNB, BUSD, TTK, and USDT on the Binance Smart Chain. Other BEP20 tokens are currently not supported. To list your token, visit http://bot.ttk.finance/.

Follow Tokentracker updates on:

Twitter: https://twitter.com/TTKfanpage

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

Telegram: https://t.me/tokentrackerfinance

myBSCbot website: https://bot.ttk.finance

Tokentracker website: https://ttk.finance

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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