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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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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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South African Users Can Now Mine RENEC Token for Free on Remitano

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Mine RENEC

Global peer-to-peer crypto exchange Remitano is currently developing its native token, RENEC, to improve the quality of services delivered to customers, reduce transaction fees and ensure secure and swift transactions. While Remitano Network is still in the development phase, Remitano has provided an amazing opportunity for old and new Remitano users in South Africa to earn FREE RENEC via a mining program.

What is RENEC?

RENEC is an abbreviation of Remitano Network Coin. It is the token of the Remitano network, a blockchain designed to facilitate quick transactions at a reduced fee, a fast decentralized exchange with efficient escrow in place. The launch of the RENEC token was announced on June 30th, 2021.

What makes RENEC different?

Remitano Network is not a single blockchain, rather it is a set of blockchains. The initial network will be a simple value transfer one, similar to Bitcoin, Litecoin but with faster block time and more efficient consensus protocol. At this stage, RENEC will be called Remitano Electronic Cash.

RENEC will also be the base currency for the Token Decentralized Exchange and the decentralized fiat-token escrow that will be built on the Remitano Network. With RENEC, crypto swap and P2P trading fees will become cheaper.

Remitano commits to deliver the first 3 products for the Remitano Network as follows:

1. Low fee decentralized P2P electronic cash with Multisig capability

2. Low fee decentralized tokens exchange

3. Low fee decentralized escrow service

After that, remitano.com will work closely with the community in order to build other blockchain products.

The Remitano Network is designed to be scalable, therefore, new products will be built on it, consequently increasing the value of RENEC.

Check out the Official RENEC whitepaper to learn more about this token.

How to own RENEC?

Because Remitano holds its investors and traders in high esteem while also reducing risk, Remitano will not hold any ICO for RENEC. It is different from other ICO’s where investors will have to pay ETH or BTC to secure a specific amount of the coin. Instead, RENEC will be given out freely to both new and old Remitano users in South Africa and other countries through mining.

For now, Remitano only allows mining through the Remitano mobile application. So you need to Install Remitano App and begin mining RENEC at the tap of a button.

4 easy steps to mine RENEC

1. Download the Remitano app on PlayStore and AppStore.

2. Register or log in to the app

3. From the list of menu that is displayed, click on “Mining RENEC”. This should take you to the mining page.

Mining Renec 3

4. Click on the “Mine RENEC” button to start mining

Mining Renec 2

Eventually, it will show the progress of your mining RENEC like this image:

Mining Renec

Users must have registered an account with Remitano and verified their phone number to be eligible to mine RENEC. Mining RENEC is not automated so once you already have the app you have to log in to your account every day to mine RENEC.

A user can mine up to 0.02 RENEC per hour depending on the level of verification. Complete up to level 2 of verification to increase your mining power. You can also boost your RENEC rewards through Remitano referral. When your referrals mine successfully, you earn 20% of their mined RENEC.

Check out the definitive guide of the RENEC token.

Remitano will continue to build products on the RENEC network. This will give RENEC a lot of utility and usage. Also, the fact that Remitano is a very popular escrowed P2P cryptocurrency exchange in multiple countries across the world, with time, the value of RENEC is likely to increase which is why you should try and get the token now that it is free.

About Remitano

Remitano is one of the largest peer-to-peer (p2p) cryptocurrency trading platforms in the world, currently serving users in more than 30 countries. The platform provides an escrowed p2p crypto marketplace allowing users to buy bitcoin in South Africa and cryptocurrency easily and safely. Remitano is a market leader in the p2p platform space, featuring an intuitive and user-friendly interface, 24/7 customer support, and boasts some of the lowest fees in the industry.

Got Questions?

Reach out to Remitano via:

E-mail: marketing@remitano.com 

Socials: Facebook, Twitter, Instagram

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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BC.GAME Achieves Major Crypto Milestone! Converts License Into NFT

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BC.GAME

August 28, 2021 – We have fantastic news to share with you today! BC.GAME just added another feather to their cap! BC.GAME is now the proud owner of the much-awaited Curacao License!

LicenseCuracao Interactive Licensing N.V.(CIL)  is one of the top four most popular globally acknowledged casino licenses! In addition, Curacao Interactive Licensing N.V.(CIL) is one of the four master operators who received oversight roles from the Curacao government. The other three are E-Gaming (N.V. 1668/JAZ), Antillephone (N.V. 8048/JAZ), and Gaming N.V. (365/JAZ).

Curacao has an excellent reputation for having a trustworthy, responsible, and stringent licensing protocol. Having a Curacao license means adhering to all rules and complying with all applicable regulations!

In easy terms, it means BC.GAME will have a better standing with other companies and partners in the crypto gaming industry! This further strengthens the company’s beliefs of providing complete security and an optimal & provably fair gaming experience to their users! 

A Curacao license opens up more significant avenues for a crypto gaming platform! This further makes it possible for BC.GAME to provide their players with better games, bigger rewards, highly recognized providers, easier integration of new currencies, to name a few!

For you, our dear community, it means a better and more trustworthy platform with a great gaming experience and a wide variety of games to choose from!

Obtaining the Curacao License helps BC.GAME attain a recognized standing in the global market and significantly strengthens its position as one of the Best Crypto Casinos! You can find the original company license here.

As the first-ever casino to support Bitcoin Lightning Network; BC.GAME is determined to achieve a globally acclaimed compliance standing! But all in good time as this is just the beginning!

For security, the license was uploaded to the decentralized storage blockchain, the IPFS, and minted into an NFT compliant with the EC-721 standard before being transferred to BC.GAME’s ENS bcgame.eth account.

The online crypto gambling platform’s decision to secure the CIL sub-license in the IPFS before minting it as an NFT shows the flexibility and possibilities of blockchain, which BC.GAME is amongst the first ones to achieve!

All users, including regulators worldwide, can now view the license, which is an efficiency win, considering how governments have stepped up, shifting their muzzles to crypto entities.

BC.GAME would like to extend their heartfelt gratitude to each of their amazing players who stood by them and pushed them to reach greater heights with each achievement!

BCGAME

The company further mentions, “Thank You for trusting us and providing your unwavering support to BC.GAME! We are because of you! Thank You ! We aim to provide our players with the best crypto casino experience full of huge winnings, fun, and good times! But, as we always say, Don’t Trust, Verify It.

Once again, we thank you, dear players, for constantly pushing us to be the Best!”

And to all the new users, they say: “Welcome! Become a part of the most rapidly growing crypto gaming community and have an experience like no other!”

Congratulations to all, and we wish you a super lucky winning time!🍻🍻  Join BC.GAME now!

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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