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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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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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Amber Group Strengthens Management Team with Ehsan Haque as EMEA General Counsel

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Ehsan Haque

SINGAPORE, 21 March 2022Amber Group, a leading global digital asset platform, is proud to announce the appointment of Ehsan Haque as its General Counsel for the Europe, Middle East and Africa region (EMEA). Amber Group’s latest appointment comes amid the company’s global expansion plans and its ambitious licensing and regulatory roadmap. The company, now valued at US$3 billion following two successful Series B and Series B+ rounds, has since been expanding with new offices worldwide and regulatory licenses secured in Europe, Latin America and Asia.

As Amber Group’s General Counsel, Ehsan will work closely with Chief Operating Officer (COO) Wayne Huo to lead Amber Group’s legal and regulatory risk management in the EMEA region, and ultimately deepen the company’s relationship with regulatory authorities in these markets.

Ehsan joins Amber Group after an illustrious career as an in-house counsel at various established investment banks, broker dealers, private equity firms and fintech start-ups. Ehsan trained at renowned international law firm, Slaughter and May, before joining Deutsche Bank as an in-house counsel, overseeing Equities Sales Trading and Global Markets Derivatives. He later joined Royal Bank of Scotland (RBS) Global Banking and was part of the senior management team at Nomura’s EMEA Legal Department where he led the Equities legal product coverage for the region.

Ehsan was most recently a General Counsel at two different fintech start-up businesses, including Lendingblock, a cryptocurrency borrowing and lending platform. He served as Global General Counsel at a private equity firm that has US$13B AUM across the fintech and digital assets space prior to joining Amber Group. Ehsan also acts as an advisor to a leading fintech accelerator and was featured in The Lawyer Hot 100 2022 list.

“I am excited to be joining Amber Group at this stage of its incredible growth journey so far. The regulatory landscape for digital assets is ever-evolving and these coming few years will be defining ones for the industry as we work towards securing eventual regulatory clarity across the EMEA region and the world. I look forward to supporting the company’s growth and to guiding the legal and regulatory risk management as part of Amber Group’s strategy in the EMEA region,” says Ehsan Haque.

“The EMEA region has long been a strategic market for Amber Group as the region has led a variety of neobank and neobroker-related innovations for the global financial ecosystem. We are proud to be welcoming Ehsan who makes a great addition to our team at Amber Group. With his strong track record in both traditional finance and emerging fintech start-ups, we are excited to work with Ehsan and build a strong regulatory framework that supports the viability and utility of new industry innovations in the EMEA region and accelerate the company into the next phase of growth,” says Amber Group Global COO, Wayne Huo.

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Media Contact

Stella Wang

pr@ambergroup.io

About Amber Group

Amber Group is a leading digital asset platform operating globally with offices in Asia, Europe, and the Americas. The firm provides a full range of digital asset services spanning investing, financing, and trading, servicing over 1,000 institutional clients and a growing number of individual investors worldwide.

For more information, please visit www.ambergroup.io.

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