Press Releases

zCredit: All You Need to Know About TerraCredit’s New Feature

Published

4 years ago

September 28, 2020

Before the implementation of the blockchain technology, cross-border payments were cumbersome, expensive, and often took days for the transaction to be resolved. Cryptocurrencies and blockchain technology have helped revolutionise cross-border payments making them safe, affordable, transparent, and almost instant. One such platform that is revolutionising global payments is Terra Credit. The platform predominantly targets the unbanked population with smartphones made up of close to 2 billion adults.

Terra Credit had over eight products under its name. The products provide a real-life solution for emerging markets and include Credit, Terra Hub, Terra Dax, Mini-POS, TerraceX, Terra wallet, Terra Mart, and the Tellus Ecosystem (Tellus-pay and Tellus-merchant). He Team has combined three services into one app: Terrabit. The TerraCredit DAO recently launched zCredit on its Mainnet on 4th September 2020. Here’s all you need to know about Project and its newly launched product- zCredit.

TerraCredit Explained

Terra Credit is a decentralised blockchain-based payment platform designed to offer quick and transparent cross-border payments. TerraCredit DAO’s native coin is CREDIT-a digital currency that employs a Proof-of-Stake consensus mechanism as well as master nodes enabling a user to be a block producer and receive rewards for supporting the network.

Terra Credit predominantly targets the world’s unbanked adult population, estimated to be worth in the trillions of dollars. The whitepaper describes CREDIT as “a viable replacement to cash and a rewarding option that is attractive to new users.” Terra supports CREDIT mining on the CREDIT wallet, which is very simple to use and compatible with smartphones or basic computers. Besides, the wallet automatically stakes users’ coin balances.

About CREDIT

TerraCredit (CREDIT) is Terra’s native coin. As mentioned earlier, CREDIT leverages the Proof of Stake (PoS) Algorithm allowing users to become block producers and earn rewards. CREDIT tokenomics is as below:

Coin name: TerraCredit

Coin abbreviation: CREDIT

Current Market Price: $0.00519433

Market Cap: $475,161

Algorithm: Quark

Block type: Proof of Stake + Master Nodes

Block size: 2 MB

Block Time: 60 Seconds

Coin Emission Rate: Max. 20 CREDIT per block

Coin supply: 86 million coins

Pre-mine amount: 100 m coins

Burn amount: 14m coins

Privacy Technology: Custom zCredit

Masternode: 50,000 Credit collateral

CREDIT Use Cases

CREDIT’s primary role is as a decentralised medium of exchange to facilitate blockchain transactions. To hold value and remain valuable, CREDIT employs network wallets that allow users to stake coins to support the network and earn new rewards. CREDIT also functions as a unit of account in the Terra ecosystem, thus offering a standard of measurement to exchange goods and services. Below are some use cases of credit.

A global decentralised payment platform for the unbanked adult population
Source of passive income for block producers
Standard cryptocurrency for exchange and instant digital payment of goods and services via the Terra wallet app.
Facilitates instant, cheap, and decentralised cross-border payments. The transactions are absolutely free of charge.
As a long-term investment via staking in an online desktop wallet

Introducing zCredit

Terra’s latest product, zCredit, was launched on 4th September 2020. zCredit is a second layer built on top of the CREDIT blockchain to enhance privacy by facilitating private transactions. zCredit enables Terra users to keep their transactions private and untraceable, giving them anonymity and full control over their finances.

To use zCredit, Terra users would first need to upgrade their wallets to version 1.3.0.2. The next step is to convert (burn) CREDIT to zCredit in the wallet’s Privacy Window by clicking the “Mint” button after imputing the amount you want to convert. zCredit is automatically sent to your wallets after 20 confirmation blocks. A successful mint will be indicated by “Total xxx zCREDIT” on the Privacy Window’s right side.

If you want to switch to traceable transactions, it’s possible to convert zCredit to CREDIT. Simply click the “Convert back to CREDIT” button on the Privacy Window after indicating the amount you would like to convert.

While there are plenty of anonymous coins, notably Monero and Dash, TerraCredit is quite unique. It gives you the option to either conduct a traceable or untraceable transaction without shifting blockchain networks. Want traceable transactions? Use CREDIT. Untraceable transactions? Use zCredit.

Final Thoughts

The crypto landscape is changing each day. The Johannesburg-based blockchain TerraCredit project has launched over eight products to cater to its enthusiastic users’ different needs. Its latest product, zCredit, is one of its kinds in the crypto space, enabling users to remain completely anonymous by supporting untraceable transactions.

Better yet, the new product offers users the option to choose whether to stay anonymous by conducting untraceable transactions or carry out standard traceable transactions on the TerraCredit blockchain. Thanks to real-life products, TerraCredit will indeed transform the global payment space making it accessible to everyone, even the unbanked.

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 press release.

Related Topics:Credit TerraBit TerraCredit zCREDIT

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Press Releases

ND Labs Launches Crypto Exchange Software Development

Published

2 years ago

January 20, 2023

Guest Contributor

ND Labs, an international blockchain consulting and development company with offices in Poland and the United States, has recently announced the launch of crypto exchange development services.

ND Labs understands that cryptocurrencies are gaining even more popularity and predict their mass adoption in the future. Thus, the company offers full-cycle development services to IT businesses and non-IT enterprises from various industries, including retail, construction, oil & gas, etc.

Dmitry Khanevich, co-founder and CEO of ND Labs, commented on the news:

“Launching a crypto exchange is a good business idea. First, there is a growing demand for such platforms as digital currencies are becoming more widely used. Second, they can generate constant profit by charging fees for each transaction. Third, they are relatively easy to set up and maintain. Finally, they offer lots of flexibility, which makes them ideal for businesses of all sizes. If you lack the necessary skills or knowledge to build a crypto exchange, that’s where our blockchain expertise will be helpful.”

What is a crypto exchange?

A crypto exchange is a trading platform that allows users to buy and sell digital assets in a peer-to-peer manner, which means there is no third party involved. For instance, users can buy cryptocurrencies for fiat money and then trade them.

How to develop a crypto exchange platform?

- Choose the platform type. It can be a crypto trading app as well as a centralized, decentralized, or hybrid cryptocurrency exchange.
- Build key features. They include user authorization and verification, a trading engine, a crypto wallet, an intuitive user interface, and market and liquidity provider integration.
- Add nice-to-have and advanced features. They are manageable user profiles, portfolio tracking, push notifications, loyalty programs, a knowledge base, data analytics, NFT trading abilities, automated strategies, etc.
- Meet regulatory compliance. Depending on the jurisdiction you are going to work in, you will have to comply with GDPR, KYC, KYT, AML, and other requirements.

Develop a crypto exchange platform.

About ND Labs

ND Labs is an international company that offers blockchain consulting and development services. They build blockchain-powered solutions for businesses of all sizes from various industries, such as logistics, real estate, insurance, etc. The company’s team consists of experienced blockchain professionals who focus on strategic outcomes and help clients generate long-term profits.

Contact

For more details and updates, visit:

Website: www.ndlabs.dev
Facebook: www.facebook.com/ndlabs.dev
Instagram: www.instagram.com/ndlabs.dev/
LinkedIn: www.linkedin.com/company/ndlabs-dev/
Twitter: twitter.com/ndlabsdev

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.

Press Releases

Get Lucky Tickets for World Cup Bets on 1xBit

Published

2 years ago

November 25, 2022

Guest Contributor

The long-awaited World Cup 2022 is here, bringing many opportunities to win big. Are you excited about seeing your favorite players on the pitch? Then the World Cup is an opportunity not just to do that but also to win big from your passion.

Participating in 1xBit’s Ticket Rush is all you need to have a fun World Cup experience. This tournament offers you the avenue to stay on top of the game, enjoying fascinating matches and securing impressive prizes.

1xBit 1xBit has created Ticket Rush with numerous fanciful prizes that could change your entire gambling experience. With multiple prize draws designed to select many winners, you have a chance at winning big. The prize pool is 3 BTC, with numerous winners per category.

To participate in the offer, you must log in or register on 1xBit. Proceed to the offer page, click “Take part,” and bet on World Cup 2022!

Participants collect tickets for bets on World Cup 2022 matches. There are three ticket categories:

Individual match tickets – for bets on any World Cup matches
Supporter tickets – for bets on the picked 8 countries during the group stage
Play-off tickets – for bets on play-off matches

For the Individual match tickets prizes, the 1st place winner will emerge with 500 mBTC. The first-place winner in the Supporters’ tickets prize draw goes home with 10 mBTC, while the first-place winner in the Play-off tickets prize draw will win 250 mBTC.

1xBit: Your Best Bet

Ticket Rush is one of the many tournaments designed by 1xBit to help players profit from their passion while enjoying the World Cup. With 1xBit, you can rest assured about sumptuous prizes that make your gambling experience worthwhile.

As the fastest and leading crypto sportsbook, 1xBit is passionate about rewarding players’ efforts in an exciting fashion. The platform provides its users with numerous benefits to maximize the crypto gambling space.

You can make bets on 1xBit using over 40 supported cryptocurrencies. This crypto adoption eliminates the need for fiat currency. It removes the stress of first converting your cryptocurrency to fiat before depositing it in a sportsbook to bet on your favorite games.

Instead, you can utilize these currencies directly, allowing you to maximize their value without losing any of it to conversion fees. Even more, 1xBit is constantly looking for relevant partnerships and new coins to add.

You also enjoy instant payouts with zero fees. This allows you to enjoy your winnings without adversely affecting the platform’s fee structure. 1xBit also provides educational blogs on crypto gambling to help you get started with the necessary tips to navigate the field. Whether a beginner or a veteran, 1xBit covers all you require.

Additionally, 1xBit offers users a Welcome Bonus of up to 7 BTC following their first 4 deposits – it gives you the required jumpstart to experience the platform and play your favorite games.

Final Thoughts

All roads lead to Qatar for the 2022 World Cup, and you don’t want to miss out on any match. With the Ticket Rush tournament, you can spice up your experience and win crypto!

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.

Press Releases

Crypto Lists Announce Bitcoin Maximalist as Head of Content

Published

2 years ago

October 27, 2022

Guest Contributor

CryptoLists.com is delighted to announce the arrival of the new Head of Content, Tom White.

Tom is now a key member of the speedily growing crypto info site, with ambitions to take the content up a level and define and refine the tone of voice. A keen follower of crypto and Bitcoin, in particular on a personal level, he’s well acquainted with blockchain and DeFi technology and has been investing in digital assets for some time.

In other news, Crypto Lists are also pleased to announce an updated mission statement and a new slogan: Crypto Done Smarter.

As a native English speaker, Tom is well-positioned to take over the tone of voice and editorial oversight of the website, which was founded by two Scandinavians. Alongside this, Tom’s main focus will be to ensure that fresh and informative news articles are released even more frequently, and reviews of new coins and brokers are published swiftly.

Tom White – A Bitcoin Maximalist?

While open to the potential of various altcoins, as somewhat of a Bitcoin Maximalist, Tom sees Bitcoin as digital gold of the new economy. A keen chart-watcher, he’s excited about the next halving event in 2024 and seeing how high BTC can go during the next bull run. A bull run where he believes incredible new ATHs will be reached. A full review of Bitcoin with breaking news, FAQ, historical background, and the most recent updates can be found at https://www.cryptolists.com/coins/btc/.

Things Tom will oversee

During his first week at the company, Tom has covered subjects surrounding changes within the traditional banking sector in regard to crypto, as well as a multitude of other topics. Being such a big advocate of Bitcoin and its potentially revolutionary capabilities, a topic he found especially interesting is how to survive on Bitcoin. He recently published a piece about Arnhem, a Dutch town that some call the world’s only Bitcoin city. Alongside such specific topics, he will be making sure that the Crypto Lists brand voice is consistent across both the website and all externally facing written comms.

Upcoming events in Africa

Tom will also write articles and releases about recent and upcoming Bitcoin and crypto events. In the near term, one such event is the Ghana DeFi Summit 2022.

Crypto Lists – Crypto Done Smarter

cryptolists Tom also brought his creative mind to the forefront when brainstorming the new brand mission alongside the wider team. Crypto Lists had been searching for a new slogan, that is both accurate, descriptive, as well as evergreen – taking into consideration the future developments and growth of the company. Along with the senior leadership, a general consensus was reached: Crypto Done Smarter.

Why smarter? Well, Crypto Lists is there to help people make more informed decisions. The entire ecosystem of the site revolves around educating people on the crypto space, and the coins, platforms, brokers, exchanges and at the same time doing reviews of blockchains that compose it. In a nutshell, Crypto Lists is a site where you learn to make smarter decisions in the crypto space.