How the next DeFi powerhouse Polkadot is changing the face of ‘IPOs’BTC $10,659 (-0.4%) • ETH $340 (-1.9%) • XRP $0.24 (-0.9%)
Polkadot, the interoperability and Web3 interface blockchain platform, is bringing a new type of token issuance via an “Initial Parachain Offering” (IPO), it said in a release shared with CryptoSlate. An open-source project founded by the Web3 Foundation, Polkadot is built and maintained by five teams commissioned by the foundation. Its DOT token serves three functions — governance, staking abilities, and bonding to “parachains” — and helps power use cases for the blockchain project. Parachains are similar to Ethereum’s shards. They spread transactions across multiple nodes and allow for a faster and more-scalable network. However, the slots for such Parachains are limited, with Polkadot intending to auction them off in unpermissioned candle auctions. In the mid-term (over the next few years), only about 100 parachains slots are available for teams and developers, which creates a huge gap between market demand and supply. This is where the Initial Parachain Offering comes in. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Expanding Bitcoin’s DeFi: RSK & RIF integrate DAIThe RSK Infrastructure Framework (RIF) development team has now successfully used the RSK-Ethereum token interoperability bridge to expand DeFi capability on the RSK network. Ryan Selkis and Synthetix founder Kain Warwick face-off to debate DeFi’s future at BlockDown 3.0BlockDown 3 is set to host a colossal clash on DeFi as crypto visionaries make bull and bear cases for the decentralized finance movement which is sweeping the industry, the event will take place October 22-23. Introduction to Breezecoin: the blockchain project looking to combine real estate assets with cryptoThe tokenization of art, game, and other assets starting to gain popularity in the cryptocurrency market, but real estate tokenization is not far behind. Ex-JP Morgan investment banker gives 5 reasons why DeFi is reaching “escape velocity”It goes without saying that the past few weeks haven’t been too hot for Ethereum and the decentralized finance (DeFi) space. Featured event
Virtual Blockchain Conference BlockDown is back for a third edition this Halloween (Oct. 22-23) with a host of the blockchain world’s biggest and brightest stars lined up to deliver ground-breaking keynotes and spark informed and fierce debate on the industry. Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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How the next DeFi powerhouse Polkadot is changing the face of ‘IPOs’