Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

Litentry Blockchain Offers Massive Potentials to Crowdloan Investors

PRESS RELEASE. The blockchain industry is an ever-evolving world and Litentry is at the forefront of this revolution. Litentry intends to create a truly decentralized identity aggregation solution that will power web 3.0 applications.

Its blockchain architecture is advanced and has witnessed massive growth due to its application in different sectors. Litentry has also created a DID Startups Programs that incentivizes innovative teams to build products that will add value to its blockchain. To continue its growth, Litentry has applied for a Polkadot Parachain slot that will transform its ecosystem.

This article will open your imagination into the future of web 3.0 that can be achieved when Litentry gets a parachain.

A decentralized ecosystem for innovative projects

Litentry has built an innovative decentralized based identity ecosystem that has attracted several projects to its blockchain protocol. One of such projects is the Polkadot Naming System (PNS). PNS intends to introduce decentralized name systems to the Polkadot blockchain and is leveraging Litentry to achieve its goals.

Users will have an on-chain unique name that connects to their wallet account, smart contract addresses and more. PNS will be onboarded on Litentry Parachain and use Litentry as its main registrar entry.

Litentry Crowdloan participants that stake more than 10 DOT tokens will be eligible to register for a free PNS domain on the prelaunch platform. The recent success of the Ethereum Name System (ENS) shows the vast potentials within this sector.

Other platforms that have leveraged Litentry blockchain features include decentralized social interaction protocol MyCryptoProfile, on-chain data aggregator Web3Go and decentralized sign-in protocol Polka Sign In. Transaction and activities implemented by these projects will be powered by LIT, the native token of Litentry and increase adoption.

Litentry is also working on developing its first decentralized application that will be focused on Airdrops. Airdrops are an important component of the crypto industry and are used by projects to reward loyal users.

Problems, however exist with the conventional Airdrop system where validation and distribution are done in a centralized way, posing questions of transparency, one-time distribution and more. Therefore, Litentry is developing an innovative system where users can easily claim rewards for completing tasks.

Litentry airdrop dApp integrates an innovative TaskFi platform that leverage the power of its unique identity aggregation system to ensure decentralized verification of users and fair distribution of rewards. It would also include anti-fraud tools, loyalty programs and a custodian wallet for users to receive their rewards instantly.

Litentry Crowdloan provides the first use case for the dApp, and participants will be able to take part in different tasks to receive rewards in LIT tokens.

Litentry Crowdloan

Litentry potentials have been stated above, and the projects deployed on its blockchain will only continue to grow once it successfully wins a Polkadot Parachain slot. Early investors can become part of a growing ecosystem and receive rewards for LIT tokens for staking their DOT in the crowdloan pool.

Litentry has already allocated 20% of the token supply of LIT as rewards for crowdloan participants, which is more than other projects in the auction. In addition, participants can stake on Binance now to enjoy a Warm-Up promotion 1-week Warm-Up promotion will receive an extra pool of 500,000 LIT plus liquidity BDOT.

Litentry has also partnered with DeFi platforms Bitfrost and Parallel Finance to provide lending options for crowdloan contributors. Users can contribute to Litentry crowdloan pool from both platforms and receive rewards in LIT tokens + liquidity DOT derivatives.

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7 , when BTC will be legal tender in the country alongside the U.S. dollar. A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute. Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the ...
Post a Comment
Read more

Bitcoin breaking new highs in Q4 will ‘temporarily turn alts to dust’ — Analyst

Things will get exciting in quarter four, but not before a convincing floor is put in across crypto, analysts say this week. Bitcoin ( BTC ) was busy losing its overnight gains on Sept. 27 as resistance continued to prove too much for bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: “Right now, we’re stuck” Data from Cointelegraph Markets Pro and TradingView  showed BTC/USD dropping to around $1,000 below overnight highs of $44,400 on Bitstamp on Sept. 27.  The move constitutes a rejection at a “critical” zone to break, Cointelegraph contributor Michaël van de Poppe explained, with $42,000 now the key level to hold for a higher low. Bitcoin is acting in an increasingly narrow range, he summarized in his latest YouTube update. “Right now, we’re stuck,” he said, pointing to $47,000 as next should the $44,600 zone be reclaimed. On the downside, the zone between $38,000 and $40,000 remains valid for a bounce, while a co...
Post a Comment
Read more

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more