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

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zCredit

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 HubTerra DaxMini-POSTerraceXTerra walletTerra 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

TerraCreditTerra 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. 

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Play with 1xBit to Win in Africa Cup of Nations 2022

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AFCON 222

The most anticipated Africa Cup of Nations 2022 is happening right now in Cameroon until February 6, 2022. The top teams of Africa will compete with each other, while Algeria is all set to defend the title won in 2019.

Due to COVID-19, the tournament was already pushed back from summer, when it was supposed to be held originally. Some more doubts were raised about the cancelation of the tournament due to a rise in Omicron variant cases. However, talks of cancelation were dismissed by the director of the Confederation of African Football (CAF) who told a NEWS channel that there is no time to deal with rumors.

How Does AFCON 2022 Work?

The teams participating in the tournament are divided into six groups, with four groups in each team. The top two teams of each group go into the next stage; the knock-out stage. The top four countries in the last 16 teams will be the best third-placed countries.

Favorites for AFCON 2022

The team is all set to defend the title that it won back in 2019 by beating Senegal by 1 – 0 in the final held in Cairo, Egypt. With the offensive talent winning two out of three last games scoring 13 goals. However, previously, only three nations were able to successfully defend the title since 1957. Other top favorite teams include Senegal, Egypt, Ivory Coast, Morocco.

Benefits of Betting on 1xBit

Afcon2022

One of the best sites to bet on your favorite team participating in AFCON 2022 is 1xBit.com. Every day, hundreds, and thousands of people try crypto betting on various online and offline games through our site. For more than four years in the industry, 1xBit has become a trusted online betting platform for sports enthusiasts.

  • While betting on 1xBit, you can remain anonymous. You don’t have to share your email with anyone. There is an automation system on the site that generates a unique ID and password for every user every time.
  • Along with Bitcoin, 1xBit allows you to use more than 35 cryptocurrencies while betting on the site. The multi-currency option on the site allows you to easily switch between multiple cryptocurrencies.
  • For new users, the site offers a welcome bonus of up to 7 BTC for the first 4 deposits made.
  • You will discover nice betting features like high odds, live-streaming, and even data about any event on its betting page – check the date, place, weather, and previous meetings of your favorite team!

This is one of the best times to enjoy your favorite game and bet to win exciting prizes!

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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First-Ever NFT Collection of Cats Launching on Polygon

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Cute NFT Art

BUCHAREST, October 19, 2021 – Cute NFT Art, a project led by a young entrepreneur and a female artist, today announced the launching of her first NFT collection on Opensea, called “Cute NFT Cats”. Cute NFT Cats consists of 100 unique NFTs, which serve as a pacesetter for other artists to emulate. The collection brings top-notch value to the NFT ecosystem and gives early access and community value to NFT holders. Irina has carved a niche for herself in the Non-fungible token (NFT) space. Website for more information about the launch: https://cuteartnft.com/ 

With this launching, Irina has set the pace for other NFT artists to follow and emulate. Her mission is to give back to the society that made her. Each NFT is laden with a wide range of perks and gifts. 

In a post on her Twitter, Irina said:

 

“Don’t settle for ordinary 10k copycat collections with the same story: just a dozen body parts, and accessories mixed together by freaking Frankenstein designers. You can do better. This is a well-kept secret, but I will reveal it anyways: you are not obliged to ape in a new collection just because all influencers are doing so! 

I know, it’s hard to digest, but it’s true. Find artists that are choosing the hard way. They will sell unique drawings, paintings, photographers, or videos made with blood, sweat, and tears. Each piece of art is original like no other. I am new to nft culture, but I have a history as an Etsy seller. You can check my previous art, sales and read years of reviews to learn what real people are saying about me and my products.”

Memorable Purchase For FIRST 100

The first 100 buyers will enjoy a lot of perks and physical gifts. Irina promises to ship orders with a wide range of customized Merch, including wall canvas, laptop sleeve, notebook, mug, sweatshirt/t-shirt, and in some cases a huge surprise. Buyers will also get one free airdrop. Early buyers are in an advantageous position, as the Ethereum value of the NFT collection will grow exponentially and as Irina plans to collaborate with other artists and industry leaders to deepen the adoption of NFTs. You can join her discord server here: https://discord.gg/Tm29RYkpDX 

Buyers will also enjoy an all-expenses-paid trip for a get-together in Romania. Plus, they will get priority access to future projects of the Cute NFT Art community. What’s more? Buyers will get a 50% discount code at the Merch shop when purchasing any cat theme or gifts for their friends or family members. More so, Irina has a 100% money-back guarantee policy, where she buys back her NFTs if you find it difficult to re-sell. 

Furthermore, NFT holders will have access to a 100% NFT-focused community, where they can interact and communicate with like-minded people. NFT holders will also interact with Irina directly on Instagram and Facebook. All the money made during the initial sale will be reinvested back into other young artists’ artwork to support illustrators, young painters, and photographers. 

About Irina

Irina is an entrepreneur and pet artist. She draws illustrations of dogs and cats to evoke emotions from her social media followers. For several years, Irina has printed her drawings on canvases and t-shirts and sold them to her followers online. With vast years of experience in online selling, she is now venturing into the NFT space to launch her first NFT collection. 

The NFT collection has no rarity score, all are 100% legendary. There’s no artificial intelligence involvement, no copies, just old drawings on her iPad. She plans to launch the collection on October 31st, 2021, at 15.00 UTC. According to Irina, her early discord members will enjoy lots of perks and priority access.

About Cute NFT Cats

Cute NFT Cats is Irina’s first-ever NFT collection. The collection consists of 100 unique NFTs. Each NFT is a unique cat that Irina personally drew. The collection would be available on Opensea.io for purchase. Cute NFT Cats collection doesn’t have any rarity traits or combine body parts. Irina doesn’t use complicated software to create her NFTs. 

The NFTs are minted on Polygon, an Ethereum Layer 2 scaling solution for zero gas fees on transactions. To purchase the NFTs on Opensea, you would need to configure Polygon on Metamask and also link your ETH to Polygon. It’s not a complicated process. 

Website: https://cuteartnft.com/ 

Twitter: https://twitter.com/irina_cuteart 

Contact Person: Irina Cuteart

Company Name: Cute NFT Art

Email: cute.pet.art@gmail.com

Source: https://www.cuteartnft.com/post/first-ever-nft-collection-of-cats-launching-on-polygon 

Location: Bucharest, Romania

Discord: https://discord.gg/Tm29RYkpDX

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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This Blockchain Startup Wants to Help Users to Accelerate Wealth Creation Using Their Unique Offerings

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OroPocket

Blockchain Startup OroPocket is working towards enabling users to create wealth by bridging the gap between physical assets and DeFi.

OroPocket’s conception goes back to the Reserve Bank of India’s prohibition of facilitation of cryptocurrency transactions in Indian banks nearly immediately in 2018. This essentially signaled the beginning of the bearish ‘crypto winter,’ in which blockchain and crypto companies struggled to go ahead.

OroPocket LogoCo-Founded by Tarusha Mittal with Mohit Madan after the realisation to develop financial software that logged transactions on blockchain. This was the impetus behind Delhi-based Oropocket, a company that enables users to diversify their portfolios beyond conventional assets by investing in digital commodities such as digital gold and silver. Furthermore, it offers financial services to users on top of these investments, assisting with the liquidation of the assets.

As the world is starting to open up towards investing in digital assets, OroPocket is working towards meeting the increased demand from users wanting to explore new wealth creation opportunities.

OroPocket is a fast, simple-to-use online platform that enables access to digital assets on the go. Customers may invest in digital gold or silver, where they own the assets but do not have physical possession of them. The 45-person company keeps gold and silver reserves, which are distributed to users when they buy them online. Ethereum, Tezos, and Polygon blockchains all record ownership and future transactions. Users may spend, purchase, or execute UPI transactions that are backed by these assets. As a result, there is a guarantee that digital gold and silver are extremely liquid.

OroPocket received a $2 million investment in early 2021 from AU21 Capital, LD Capital, Rarestone Capital, Morningstar Ventures, NGC Capital, Alphabit, Moonwhale Ventures, Acheron Capital, Zokyo Ventures, and others.

According to Tarusha, they, like other blockchains, record transactions in secure, public ledgers, giving consumers peace of mind regarding the security of their assets. “When these transactions are recorded on blockchain, everyone can see them, resulting in greater transparency and security. With the introduction of Layer 2 scaling solutions like Polygon and Ethereum 2.0, the procedure becomes even easier owing to low gas costs (transaction fees),” she says.

OroPocket promises that its asset-backed banking services on blockchain (which are decentralised) are free of hidden fees and time-consuming procedures associated with conventional banks (which are centralised entities). The company earns money by collecting a 0.25 percent transaction charge on these transactions.

It also earns money from two other products, OpenDefi and UniFarm, which are part of the broader OroPocket family. “OpenDefi is a decentralised finance (DeFi) solution that combines real and synthetic assets (tokenised derivatives). The backend in this case operates on P2P (peer-to-peer) networks. We charge transaction fees to consumers as well as integration fees to developers that build on top of our protocol,” Tarusha says.

UniFarm enables users to bet their cryptocurrency holdings and earn up to a 250 percent yearly percentage return (APY). It is a farming approach in which blockchain projects collaborate to form a reward pool. Users may stake any token and get numerous tokens in exchange. Staking crypto is a procedure in which crypto assets are committed to maintain blockchain networks and validate transactions. The company does not charge users in the UniFarm concept, but rather the projects and blockchain networks that are connected.

Recently OroPocket has launched Auto-Invest Plan (AIP) with tokenised gold & silver, where users can start small by investing as little as ₹100 per day and have full access to their money. They can withdraw via UPI anytime, anywhere without incurring any fees. With one tap deposit, users can deposit INR in their wallet using OroPocket’s payment gateway. Money will be automatically invested every month (or the set frequency). It is a cakewalk to redeem your assets at maturity, you just have to sell your assets and redeem them from your wallet directly to your bank account at the time of maturity.

​​While there are many alternative DeFi solutions and crypto-backed yield farming protocols available worldwide, OroPocket says that it has no overall rivals with its product line. It is presently working on obtaining an NBFC license in order to offer lending services to customers as it seeks to create a comprehensive financial ecosystem for the crypto and DeFi sector.

OroPocket gold and silver tokens are the latest entry in the asset-backed crypto tokens space. Users can also withdraw their holdings to any ERC20 compatible Ethereum wallet. Since the assets are tokenised, they can be instantly transferred to any user across the globe even if that user is not on OroPocket, or even if that user does not have a bank account. Exchange your existing crypto with $ORO here. 

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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