Seedify.fund (SFUND) is a blockchain ecosystem with a community-driven seed stage fund, decentralized incubator and launchpad. Storj (STORJ) is an open-source cloud storage platform that uses a decentralized network of nodes to store user data. SushiSwap is Uniswap decentralized exchange with several new features added. It was created by forking Uniswap. Now let’s take a closer look at all three.
Seedify.fund (SFUND)
What is Seedify.fund (SFUND)?
Seedify.fund crowdfunding high-quality blockchain games by offering curated Initial Game Offerings (IGOs); it also helps them with community building and marketing. Seedify.fund IGOs also offer their users the opportunity to get tokens from blockchain games before they are listed on exchanges.
When was Seedify.fund launched?
The CEO of Seedify.fund is Levent Cem Aydan. Aydan has 10 years of entrepreneurial experience and started showing interest in blockchain technology in 2012. Seedify.fund was launched in 2021 with the SFUND token.
What is a SFUND token?
Seedify.fund’s native token, SFUND, is a BEP20 token that gives its holders voting rights in decisions about what projects Seedify.fund will fund and the future of the platform.
The maximum supply of SFUND running on Binance Smart Chain is 100,000,000. 9 percent of the supply goes to liquidity mining programs, 10 percent to first year marketing and development spend, 16 percent to the Seedify.fund team, 50 percent to the pool reserve, 7 percent to community rewards as part of the initial offering, 6 percent will be allocated to the first fund pool and 2 percent will be allocated to the first operating pool
How does Seedify.fund (SFUND) work?
Seedify.fund provides and monitors IGOs, supports leading blockchain games, funds projects, helps build a community of gamers, and creates marketing strategies. The Seedify.fund community, on the other hand, has an opportunity to receive tokens for games in development before they are listed on exchanges.
The Seedify.fund ecosystem interacts with all its mechanisms and functions as a whole. All organs of the ecosystem work together in harmony, supporting each other and providing benefits for all involved. The main mechanisms of Seedify.fund are as follows: Funding Pool, Incubator, Community Participation Programs, Community Participation Awards, Staking, Launchpad, Yield Farming, Seedify DAO, and Solution Partner Program.
Seedify Launchpad is a unique opportunity for blockchain gaming startups to promote their products. SFUND investors have early access to promising play-to-earn game projects. Startups give Speedify 3 percent of their total token supply for costs and distribute part of the supply to SFUND holders in the form of rewards. In this way, SFUND holders support both the startup and a return on investment.
Storj (STORJ)
What is Storj (STORJ)?
Storj allows computers running its software to rent unused storage space to users who want to store their files.
Who created Storj?
Storj Labs, which creates the Storj platform, was founded in 2014 by Shawn Wilkinson and John Quinn. The latest version of Storj, Storj v3, was released in 2019.
Transactions on the platform are conducted using the STORJ coin, which is an ERC-20 token and resides on the Ethereum blockchain.
What is the Storj coin?
The STORJ coin is an ERC-20 based Ethereum blockchain token used for transactions on the Storj decentralized cloud system. Storj users earn STORJ coins by making the disk space and bandwidth that computers are not using available to the network.
While the maximum supply of STORJ coins is unknown, the total supply of the token is 424,999,998 at the time of writing.
How does Storj work?
Storj works with three main components. These are storage nodes, uplinks and satellites.
Storage nodes allow users to lease excess space on their hard drives and securely store and return data. Uplinks run on the customer’s computer and upload files to the network. Uplinks work in coordination with peers to store and retrieve data. Satellites coordinate traffic between storage nodes and uplinks. Each user has an account on a satellite. Satellites are responsible for storing metadata, keeping the storage nodes reliable, and distributing payments.
When a user’s uplink gets permission from their satellite to store data on the network, Storj files go through a process called partitioning. This process compresses, encrypts and divides the files to be stored into blocks and bands. Then tapes with files are distributed and stored on the network. A private key is used to decrypt and retrieve files.
Why is Storj unique?
Storj is a decentralized storage platform that represents an alternative to storage platforms from companies like Amazon or Google. What makes Storj unique based on blockchain technology is that there is no single company storing data at Storj. Instead, Storj relies on its software and network of independent computers. In simpler terms, Storj users store their data securely in free spaces on other people’s computers thanks to a private key.
Storj splits data into chunks and stores them on multiple nodes. That makes the platform safe. Storj also offers faster download and upload speeds than traditional cloud storage platforms.
Storj is also integrated with almost all cloud storage tools and software. These tools and software include Filezilla, Fastly, Filebase, Duplicati.
The highlight of Storj’s network design is the STORJ coin, which allows users to pay other users on the network to keep their files. Users who provide storage capacity and bandwidth to the network can also earn STORJ coins this way. STORJ coins can be exchanged for fiat currency.
To own a Storj node, the following hardware requirements must be met:
- At least 1 processor core for node services
- 8 TB of storage (maximum 24 TB and minimum 550 GB)
- Over 16 TB of unmetered monthly bandwidth
- 100 Mbit/s upstream bandwidth (minimum 5 Mbit/s)
- 100 Mbit/s downstream bandwidth (at least 25 Mbit/s)
- 99.5% uptime per month
The following software features are required for a Storj node:
- Windows 8, Windows Server 2012 or higher
- 64-bit versions of Debian, Fedora, or Ubuntu
- macOS Sierra 10.12 and later macOS versions are also supported.
If you meet these requirements, you can easily turn your computer into a Storj node server. To do this, you need to get the authentication token, create the node ID, configure port forwarding, and set up the interface.
SushiSwap (SUSHI)
What is SushiSwap (SUSHI)?
While UNI is used as a token in Uniswap, Sushi Token is used in SushiSwap. At the same time, the founders of SushiSwap describe this new protocol as a further development of Uniswap. It was founded in 2020 by Chef Nomi and 0xMaki.
What are the differences between Sushiswap and Uniswap?
- At UniSwap, liquidity providers receive a share of the transaction fee in the pool if they actively offer that liquidity. Trading with SushiSwap allows you to continue earning Sushi tokens continuously after providing a certain amount of liquidity.
- When UniSwap users withdraw their share of the pool, they do not receive passive income from it. But even if you decide to withdraw from the liquidity in SushiSwap, you still earn a certain amount of the log fee accumulated under Sushi.
- The most noticeable stage is the fact that as interest in the Uniswap protocol increases, the revenue of the first participating stakeholders decreases. The trigger for this situation is in particular the increasing number of stakeholders investing large sums of money. At SushiSwap, on the other hand, the first stakeholders are prioritized.
What are some features of Sushiswap?
This decentralized protocol is described as improved community friendliness. Unlike traditional exchanges, it is a DEX that can be liquidated by users and each user is a market maker.
SushiSwap uses a mechanism called Automated Marketplace Generation (AMM). Accordingly, SushiSwap users can leverage smart contracts to create and manage pools of tokenized liquidity that they can use to exchange crypto assets.
“Know-your-customer procedures” are not applicable on the widely used SushiSwap platform. This way everyone can trade conveniently and contribute to the liquidity pool. However, the confirmation mechanism is not used to conduct transactions on the platform. This allows a large number of users to make transactions faster and more conveniently without confirmation. In exchange, sushi tokens are earned when contributing to the liquidity pool on the platform. In this way, it becomes possible to earn rewards while investing. According to the information provided, about ¼ of the sushi token is transferred to the users. Any user has the right to convert this token to Ethereum later.
What are the characteristics of the sushi token?
The extremely easy-to-use Sushi Token can be connected to the Ethereum wallet on the home page and transactions can be carried out immediately. Thanks to the simple start-up process, users can easily transfer their coins to the liquidity pool. The pool to be used for this must be carefully selected. Because the annual return of the individual pools differs from each other.
Sushi Token, which offers rewards for mining liquidity, reimburses part of the fees paid by investors for the protocol and allows users to participate in the management of the platform. Here, token holders have the right to submit improvement offers (what algo affiliates do for your marketing strategy).
How is SushiSwap mined?
SushiSwap is not a minable cryptocurrency. All Sushi Token credits will be issued periodically.
With your SushiSwap credit you can have a say in the SushiSwap system. SushiSwap will issue a total of 250 million sushi tokens. Almost 169 million of these have been delivered to date.
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