Month: August 2023

The BTCU kickoff meeting developed by Bit Alliance based on BRC-20 was grandly held in Hong Kong on July 30, 2023. The purpose of this meeting is to announce the official release of BTCU and introduce the development strategy and future plans of BitAlliance. The conference attracted Bitcoin enthusiasts, investors, media, and others from around the world to participate and witness a new chapter in Bitcoin technology together.

Before the start of the meeting, the founder representative of the Bit Alliance delivered an enthusiastic opening speech. He said that the issuance of BTCU developed by Bit Alliance based on BRC-20 marks that the development of Bitcoin technology has entered a new stage. The issuance of BTCU will help promote the ecological construction of Bitcoin and provide more support and assistance for the development and popularization of Bitcoin. Bit Alliance will continue to be committed to promoting the development and popularization of Bitcoin technology, and providing better digital currency services for global users.

Subsequently, the technical team of Bit Union introduced the technical characteristics and issuance of BTCU. BTCU is developed based on the BRC-20 protocol, which has higher security and scalability. The total number of BTCU issued is 21 million, of which 5% will be used for the construction of the application ecosystem of Bitcoin, and 95% will be used for the operation and development of the Bit Alliance. The issuance of BTCU will help promote the ecological construction of Bitcoin and provide more support and assistance for the development and popularization of Bitcoin.

The meeting also invited well-known personalities and experts in the Bitcoin industry to conduct in-depth discussions and exchanges on the development and application of Bitcoin technology. They believe that the development of Bitcoin technology has entered a new stage, and there will be more application scenarios and development opportunities in the future. The issuance of BTCU will provide more support and help for the application ecological construction of Bitcoin, and promote the development and popularization of Bitcoin.

The meeting also invited partners and investors of the Bit Alliance to conduct in-depth discussions and exchanges on the development and application of Bitcoin technology. They said that the development of Bitcoin technology has entered a new stage, and there will be more application scenarios and development opportunities in the future. The issuance of BTCU will provide more support and help for the application ecological construction of Bitcoin, and promote the development and popularization of Bitcoin.

At the end of the meeting, Mr. Gavin, the initiator of the Bit Alliance, delivered a speech again, thanking the guests and the media who participated in the meeting, and said that the Bit Alliance will continue to be committed to promoting the development and popularization of Bitcoin technology and providing better digital services for users around the world. money service. He also called on Bitcoin enthusiasts and investors around the world to join the Bit Alliance to jointly promote the development and popularization of Bitcoin.

In conclusion, the BTCU launch meeting developed by the Bit Alliance based on BRC-20 is an important milestone in the development of Bitcoin technology. The issuance of BTCU will help promote the ecological construction of Bitcoin and provide more support and assistance for the development and popularization of Bitcoin. Bit Alliance will continue to be committed to promoting the development and popularization of Bitcoin technology, and providing better digital currency services for global users.

 

In 2023, the first year of the end of the global new crown epidemic, it also poses huge challenges to the economies and enterprises of various countries. In the face of cyclical recessions and the torrent of the digital age, whether to forge ahead or to fall is ultimately determined by the things themselves. Whether it is the Internet, where the traffic competition has entered the second half, or the blockchain, where the global consensus is constantly improving, the wave of the digital economy has never lacked leaders.

1. The unicorn in the encrypted world – DeFi

In traditional finance, a quarter of the world’s population, about 1.7 billion people, do not have bank accounts, but 80% of the world’s unbanked people have mobile phones and can connect to the Internet. These people may be able to enjoy financial services , is DeFi. Only decentralized distributed finance can minimize the cost and realize the popularization of finance through mobile phones and the Internet. The greatest significance of DeFi is to realize inclusive finance.

After more than ten years of development, the blockchain industry has crossed the first two stages represented by BTC and ETH. Now it has entered the process of issuing synthetic assets with blockchain as collateral for digital assets to issue synthetic assets, and mapping real assets as The era of DeFi represented.

From January 2019 to July 2023, the scale of locked assets in DeFi has grown rapidly from US$250 million to US$44 billion, and once exceeded 100 billion. At present, according to the development status of the entire industry and the expansion of the ecology, in the future, synthetic assets will be generated through mortgage digital assets on the blockchain. Then the scale of these synthetic assets and the scale of mortgaged assets are likely to exceed one trillion US dollars.

2. The British 888 Group has a strong layout in the blockchain field

As a flagship global comprehensive business group, the British 888 Group firmly grasps the trend of the DeFi market in 2023 and enters the blockchain industry strongly. It cooperates with the Sushi Foundation to issue a new generation of decentralized product SushiChain, and 888Asia is responsible for business development in the Asia-Pacific region. Committed to injecting strong energy into the increasingly mature DeFi market, and actively becoming one of the largest nodes of Sushiswap in the world.

888Asia is a multinational company established in 2018. It is a subsidiary of 888 Group. It is headquartered in the United Kingdom and has offices in the United States, Australia, Singapore and other countries. 888Asia is committed to providing customers with diversified services, covering primary land development and real estate, finance, international trade, property management, cultural media, catering and other industries.

As an advocate of the development strategy of global urban circles, 888Asia actively responds to the “One Belt, One Road” policy in Southeast Asia, and takes Malaysia, Cambodia, and the Philippines as its core markets, while expanding to Georgia, Singapore, Thailand and other Asian countries. Over the years, 888Asia has been deeply cultivated in Southeast Asia, has strong industrial strength, and has achieved great success in the development of residential and commercial projects, covering a total area of about 80,000 square meters.

In recent years, 888Asia has received international recognition for its strong strength and won many awards, fully affirming its outstanding performance in the real estate field and its contribution in the field of project development quality and innovation. 888Asia takes environmental sustainable development as its own responsibility, and has won awards such as the International Construction Bureau (BCA) Green Building Mark Award and the Energy and Environmental Design Certification (LEED) Platinum Pre-certification. In terms of real estate development, 888Asia has won many awards including International Property Awards, FIABCI Property Awards, BCI Asia Awards and South East Asia Property Awards. International awards.

888Asia Group will continue to adhere to excellence and innovation in the future, and create more value and contributions for customers and society. The group’s vision is to become a leading international large-scale enterprise, and to contribute to global sustainable development and urban progress by combining the blockchain technology of the foreword. positive contribution.

3. Long-term ecological planning of SushiChain

DeFi sector strategic planning
In addition to using the public chain for the underlying structure of decentralized products, SushiChain will also launch decentralized community governance tokens to form ecological alliances with multiple communities, converging into decentralized traffic highlands, and will also be listed on Sushiswap Increase liquidity on the head DEX.

Comprehensive Platform Planning
In the future, SushiChain will be upgraded to a comprehensive structural product platform in the DeFi field, implement a multi-currency operating mechanism, and focus on open public chains and wallets to facilitate community access under many DAO governance mechanisms.

SushiChain is developing strategic cooperation with leading exchanges and mining pools in terms of drainage and resource exchange. Members can get commission rewards and enjoy VIP services after grafting through SushiChain. In the future, SushiChain will gradually launch blockchain industry sectors such as robo-advisors, fund management, liquidity mining pools, mortgage lending, etc., and move towards a formalized transformation.

Operation progress and plan
At present, the public chain, wallet, and open source have been completed. In the future, more communities will launch more DAPPs on the public chain port. These DAPPs need to consume SSC as fuel, so the limited number of SSC will not only be a Token, It is a real underlying asset with consensus support.

In the future, based on the strong support of the British 888 Group, SushiChain will continue to build global node communities in many countries in the process of improving the ecological application of the token-enabled entity industry, and regularly hold intercontinental offline summits, so that global DeFi enthusiasts can better participate in this feast of open finance.

Like BTC, SushiChain also has the “anti-fragility” mentioned by Nassim Nicolas Taleb in “Anti-Fragility: Benefiting from Disorder”. In a continuous, self-reinforcing feedback loop, SushiChain’s development community and users—even those outside forces trying to leverage it—all contribute to a more reliable system. This in turn leads to more and more people using it, making SushiChain more resistant to future tests.

At present, the market value of the global encryption market has exceeded 1 trillion US dollars, with more than 26,000 cryptocurrencies. In addition to BTC, which has been strong for more than 10 years, and the top-ranked mainstream coins, there are still many potential coins with application value that are constantly being born to promote the prosperity of the entire market.

In addition, the great prosperity of the cryptocurrency market also stems from the rise of DeFi. Liquidity mining pioneered by Compound has opened up a new market. In most DeFi protocols, liquidity providers can get the largest share of system rewards, which is completely logical.

Although DeFi once rebuilt the consensus of cryptocurrency believers, at the level of liquidity provision, the problem is that the process of creating sufficient liquidity is very slow; on the other hand, for many people who want to provide funds, they will feel that , The risk-benefit ratio of DeFi is too large, as big as picking up coins in front of a steamroller.

Against this background of the industry, the British 888 Group is forward-looking into the blockchain and encryption industry, and jointly with the Sushi Foundation to issue a new DeFi product SushiChain, which is committed to creating a builder of the underlying infrastructure in the DeFi world, and proposed An innovative liquid mining solution, which uses Sushi to exchange SSC NFT certificates for pledge mining, and finally to create sufficient liquidity. This mining model can not only create considerable liquidity and investor returns, but also allow funds from decentralized exchanges to cooperate to solve the “cold start” problem that the DeFi market generally encounters.

Compared with traditional DeFi protocols, SushiChain has the following significant advantages:

1.888 Group endorsement

Endorsed by a well-known British business group with strong background

2. Low barriers to participation

Simple operation process, user-friendly product

3. Entity ecological blessing, high return rate

Stable return, long-term income

4. Practical application scenarios of tokens

The platform token SSC can be used in actual scenarios such as payment

888Asia, which is in charge of SushiChain’s Asia-Pacific business, is a multinational company established in 2018. It is a subsidiary of 888 Group. It is headquartered in the UK and has offices in the United States, Australia, Singapore and other countries. 888Asia is committed to providing customers with diversified services, covering primary land development and real estate, finance, international trade, property management, cultural media, catering and other industries.

As an advocate of the development strategy of global urban circles, 888Asia actively responds to the “One Belt, One Road” policy in Southeast Asia, and takes Malaysia, Cambodia, and the Philippines as its core markets, while expanding to Georgia, Singapore, Thailand and other Asian countries. Over the years, 888Asia has been deeply cultivated in Southeast Asia, has strong industrial strength, and has achieved great success in the development of residential and commercial projects, covering a total area of about 80,000 square meters.

In recent years, 888Asia has received international recognition for its strong strength and won many awards, fully affirming its outstanding performance in the real estate field and its contribution in the field of project development quality and innovation. 888Asia takes environmental sustainable development as its own responsibility, and has won awards such as the International Construction Bureau (BCA) Green Building Mark Award and the Energy and Environmental Design Certification (LEED) Platinum Pre-certification. In terms of real estate development, 888Asia has won many awards including International Property Awards, FIABCI Property Awards, BCI Asia Awards and South East Asia Property Awards. International awards.

With the continuous circulation of SushiChain’s platform token SSC in the 888 Group’s physical business applications, when the demand relationship reaches a long-term state of short supply, the rise in currency prices will be accelerated, forming the value-added logic of Token. Coupled with the blessing of both dynamic and static benefits, compound interest and self-fission effects will play an important role in the prosperity of the overall ecology and the stability of consensus.

Compared with traditional staking mining, SushiChain has formed a unique mechanism in the construction of DeFi mining pools. This mechanism is enough to enable the SushiChain ecology to achieve sustainable development, and at the same time feed back diverse real industries and help the growth of SSC tokens. The deflationary effect forms a closed-loop ecology with a two-way positive cycle, which will attract more and more consensus members and co-builders to join in it in the future.

After SSC is listed on the world’s top exchanges, the value of a platform cannot be measured by market prices. For SSC, its best investment choice is not displayed on the K-line chart, it is just a reference, and more attention should be paid to what SushiChain wants to do. Although this is a bit close to the argument of the “efficient market hypothesis”, looking back at a normal investment market, such a judgment can increase the possibility of hitting the target, instead of closing your eyes and “going all the way to the end”.

Holding SSC is equivalent to holding shares in 888Asia, a global comprehensive enterprise, and investors are global partners. Based on value consensus and interest-driven, believers around the world voluntarily preach and deepen consensus. We know that the best self-interest is altruism, and we give priority to protecting the rights and interests of value investors around the world, so as to realize the true shaping of the project’s traffic ecology and DeFi value.

As the “BTC” in the current global DeFi ecosystem, SushiChain wants to build a new valuable financial and blockchain business application system. At the beginning of the design, SushiChain chose a more economical decentralization method to reduce the cost of mining credits again, so that everyone can participate in this innovation.

The value of Internet technology actually shines brightly when its application scenarios continue to increase and it is truly integrated into the lives of ordinary people. Referring to the development of the Internet era, we can get a glimpse of new ideas for the blockchain industry in the era of digital economy. SushiChain can help reshape the original traditional ecology of many physical industries through blockchain technology. Its token SSC has considerable application value and is the value choice in the cryptocurrency market!