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Scala is a privacy-focused cryptocurrency project linking web 3.0 and IPFS storage technologies to build a globally scalable and mobile-friendly ecosystem. The network runs on a Proof-Of-Work (PoW) consensus mechanisms called Panthera, which is highly efficient on CPU and ARM devices.
Scala is fully open-source and community-driven.
XLA is the native utility coin that is used for.
•Fees for processing transaction and storing data. •Rewarding miners for their contribution to securing the network •Enabling features in Scala's application ecosystem.
Scala application include:
•Scala share which is decentralised and IPFS-based file sharing tool
•Android Miner that allows my mobile device to mine XLA and get mining rewards
•GUI, CLI and mobile wallets to easily store, send and receive XLA on any platform
•Network explorer to provide information about transactions and the understanding network performance
Diardi, which is Scala's custom light delayed Proof-Of-Work implementation built on IPFS that provides security to the network
How Many XLA Coins Are There IN Circulation
Scala launched its mainnet on January 22, 2018. It was called Stelite back then, with a max supply of 21B coins. It was renamed to "Scala" on August 13, 2019 due to trademark issue with the name Stelite. 25% of the block rewards goes to Diardi node maintenainers for the maintenance and support of the IPFS-based nodes which are the cornerstone of the Scala's network security. On July 32, 2021 Scala moved away from a capped supply to an infinite supply with a tail emission to ensure Sustainability and growth of the project over time.
Is It Possible To Mine XLA on a mobile device?
Yes! Scala's Proof of Work algorithm provides resistance against specialized hardware and GPUs, which allows smallers mines to be profitable.
This algorithm is able to run on any CPU regardless of architecture, but it performs exceptionally well on ARM (mobile) processors in comparison to Intel/AMD, keeping power efficiency as a factor.
Scala developed their own customised temperature calculation algorithm (AMAYC) that uses novel Machine Learning functions to keep phones mining in safe temperatures, and even implements a static temperature control layer to protect the device for overheating.
Scala Android Miner is the reference for real mobile mining, and has been forked numerous times by others Cryptocurrencies projects.
Source : https://scalaproject.io/
Coin market cap : XLA.
Hi,
I just want to warn the CC community of anb upcoming scam project. I use the term scam based on previous project history - which I detailed last year here:
The Crypterium socials are now pitching every which grubby way of pre-selling Choise tokens to people, from ICOs to crowdfunding. See for yourself:
https://np.reddit.com/r/crypterium_com/
However the question as to where the original (biggest ever) Crypterium ICO funds went still go unanswered.
Feel free to DYOR too but if you're dumb enough to jump in to this one then maybe crypto isn't for you.
Edit: this post is being automatically downvoted, perhaps someone is trying to hide something.
I have been a part of beta tests for a platform that I believe truly encompasses the decentralization aspect of cryptocurrency. Whether it is a centralized exchange (Coinbase, Kucoin, etc.) or a decentralized exchange (Uniswap, Sushiswap, etc.), we are still reliant on exchanges and not necessarily each other to swap our tokens. Like anything that can be swapped–used cars, houses, drugs–it's generally cheaper to go straight to the source. I can get that 2002 Pontiac Sunfire a lot cheaper on Craigslist than I can from Big Bill's Used Cars, and I should be able to swap my ETH for USDC with someone else if someone is also looking to trade it. Cryptocurrency should have a place to securely trade peer-to-peer for the masses, and I have come across a project that is finally developing this utility:
Dexpools
Dexpools is developing its platform to provide traders, gamers, and NFT collectors the ability to securely trade publicly or privately on any EVM-compatible chain. Users will be able to set up secure swaps with their contacts, list their offer on the open market, or search trades on the open market to fulfill. If the market radically shifts after you have listed an offer, you are able to cancel even if another user has begun the process of completing the transaction because it requires mutual approval in the end... or if you really want to get rid of something (and aren't worried about the market), you can provide approval ahead of time. Rather than face high slippage fees, the users would just be required to pay a low transaction fee to the platform.
The Dexpools platform addresses several markets:
- Enabling every-day traders to find and securely trade any token, off-market
- Letting NFT collectors and gamers find and swap their digital assets for other digital assets including any combination of NFTs and ERC20 tokens
- Helping founding teams and major treasuries take profits while preventing negative market impact on its holders
Currently, there is more than $100 million swapped in OTC trades each day. All of these trades are done to avoid slippage, front-running, and other issues found with AMM liquidity pools. Dexpools is providing the platform to search out these trades with other users, and that number could grow immensely with its adoption.
Lastly, they are offering a utility token–DXP–that will allow stakers to obtain platform rewards such as airdrops and claims gathered from a percentage of all fees generated across swaps. Stakers would also obtain upcoming access to premium features including cross-chain swaps, limit orders, automation and more.
Overall, this project feels like the opportunity to finally decentralize trading to the level that most benefits us, and it's coming out April 12th.
This project has been flying under the radar for so long and it needs some attention before it booms.
Full transparency: I bought a lot recently at around $4.50 after waiting a long time for what I felt was the right moment to buy.
Polkadex is a decentralised order book, similar to the way centralised exchanges operate. Polkadex will be launching on Polkadot via a parachain in the near future.
Imagine being able to perform all the trading functions that you can on binance but on a decentralised platform with tiny fees, massive security and interoperability with all other Polkadot parachains. This is a unique proposition and therefore worth a shot imo.
The team looks good, I've watched quite a few interviews with them and they know what they're doing for sure.
Just to give you some idea of where this can go over the next year or two.
There are currently 6 million tokens in supply and an absolute maximum of 20 million.
Current market cap is around 35 million dollars.
That means with the current 6mil circulating supply potential marketcap/prices as follows:
60 mil market cap = $10 a token 600 mil market cap = $100 a token 6 bil market cap = $1000 a token
They're currently sat at around $6!! This project has all the fundamentals and potential to properly moon over the next year or two. Bare in mind uniswap has a marketcap of 7 billion and is light years behind in tech compared to Polkadex.
Polkadex can be bought on gate.io and withdrawn on pdex mainnet, kucoin will upgrade to pdex mainnet withdrawals shortly.
40% staking rewards available too!
Tldr;
Small total supply, Very strong team, Strong eco system to launch in, secure with low fees, 40% staking rewards, Currently under the radar
Why does it feel only a few of us have noticed this potential rocketship? Guaranteed pump when it wins a parachain slot soon and then expect it to grow rapidly over the next couple of years.
If you're not interested, cool. It just blows my mind that we can get 50 topics on ape coin in the same day yet legit projects like this are missed!
Edit: Hahaha I literally can't wait to come back to this in the next year or two. I hope those posting sarcy comments actually read the post and recognise an opportunity.
There’s a new development in progress for something we’ve never seen before in a smart contract. The contract’s taxation is based on a 19-week timestamped decreasing-tax system. Holders are rewarded on an individual basis as opposed to global taxation models. The smart contract recognizes individual wallets for when it made the purchase and that’s when the system starts.
Here is the message from the team:
“Swap TC is preparing to establish a presale scheduled for three weeks hosted on the PinkSale platform. We created a one of a kind hyper-deflationary contract that rewards investors by increasing the value of their holdings and distributes BNB (BEP20) reflections without staking requirements. In addition, we’re developing safe and trusted utilities that all crypto users desire that’ll bring ease of use and a productive experience from a single platform. We believe in ease of use and quality as central tenets to any products we release. Additionally, we plan on releasing a crypto platform that will not only revolutionize the industry but will also drastically increase the average person’s purchasing power directly with digital currency.
Swap TC is the first crypto token to develop a system that rewards long-term holders on an individual basis. There's no purchase fees for $SWAPTC which means slippage can be set to the default 0.2%. Tax fees start at 30% but will gradually decrease weekly to the lowest tax bracket of 10%. Slippage can be as high as 40% for selling during high tax weeks. In summary, slippage will depend on liquidity, price impact, and tax amount. The estimated slippage for holders who are selling during the lowest tax week will be 12-18%. If a holder transfers tokens to a new wallet, the timeline will reset back to week zero. You must hold at least a 10 Million Swap TC tokens to receive the reflections that will be sent out daily and the amount will reflect on the trading volume. We have decided to use BNB because it has a low gas fee, which gives holders more to earn without having to pay high miner fees.”
Definitely a unique project just from the smart contract’s functionality and they’re even planning on developing unique use-case utilities. I’m impressed. What are your thoughts on this?
For more information, you can look them up on Discord
I'm a proud holder of YDR since the beginning. The team has delivered everything that they have mentioned they would do. With a 350k market cap, I think it's the perfect time to load up your bags!
This could easily hit 50 million in the next bull run. The team is having multiple partnerships and the V2 platform is coming in Q2 this year. I can't be more bullish about a project that is building crypto indexes. It's the best way to invest with lowering risks. The big institution knows this and I'll be holding until they discover it. This is an opportunity that I personally won't miss.
I suggest all to take a look at ydragon.io website and at least DYOR on it. Maybe, this post will be the one who changed your life :)
- YDragon.com v2 major launch
- Private Blockchain Fund dApp integration (part of v2)
- Cross-chain swaps (atomic swaps or multichain bridge integration) to allow for cross-chain investments
- Expansion to Polygon (YDR, Index and Staking)
What is YDragon v2?
The current implementation of the platform is an MVP public beta (v1). It provides basic functionally and information for the indexes offered on the platform. YDragon v2 will be a complete overhaul of the current MVP platform bringing in new design and functionality to YDragon. It will feature an updated UX that is much more friendly to the average investor and will streamline the index investment process.
The YDragon v2 update will also include a dApp integration for our Private Blockchains Funds product. This will provide the members of the private funds with a dashboard detailing the funds performance and provide information pertaining to the funds upcoming benefits such as access to future private sales, public sales and airdrops.
This will be a major update to form part of the vision we have here at YDragon and will represent a big step in the right direction.
Yield to the mighty!
I believe this project has legs. I have researched it and imo it's a gem.
We all want easy interoperability between ecosystems and chains. Many projects claim interoperability but are far from achieving it. From what I have used, Stargate finance is the best solution I have found for moving assets cross chain to take advantage of different defi protocols or get exposure to some service provided by another platform. I am digging the utility of this project and being that it's so damn new I figured I'd make a post about it for those in need of such services.
Also STG is a solid defi protocol w insanely great apy on stable coins for ppl who want that. (Why wouldn't you lol)
Hope this helps! Hope I didn't break any rules sorry if I did just remove this. Ty!
Gari network is in it's very early stage but it has promising usecase and developers.
This year crypto summit in dubai was sponsored by Gari.
Advertisement on paper/metro/billboard of gari i all over india , but because india is 3rd world country gari mc is very low.
Guys if you are looking for next polygon than look no further GARI will be next big thing in web3 space.
Currently there is ongoing sale of panda nft by gari.
If you guys wanted to invest some of your money on project other than meme coins than do search about GARI NETWORK.
I have been doing some reading on Etica, watched the video, and even read through the whitepaper, and so I wanted to share some of the things I've learned so you don't have to spend as much time researching as I did. I am not a developer or affiliated with the project, I am just somebody who is excited about it. It's quite possible I got some things wrong, so please chime in with any corrections and of course always trust but verify, I'm just some random person on the internet.
First things, first, what is Etica?
Etica is a blockchain and platform for funding medical research. It also produces rewards for those who evaluate research proposals and vote on them or otherwise participate in Etica. These can fundamentally change how scientific research is incentivized, opening a new world of patent-free, open medical research. Etica runs off its own version of the Ethereum Classic blockchain, which uses proof-of-work to mint coins and secure the network. These coins are called ETI (Etica). Like any Ethererum fork, it has its own mining procedure, blockchain explorer, and mining pool. The Etica blockchain also supports smart contracts so in theory it could provide an ecosystem for scientific tools, support NFTs, etc.
How does Etica fund research?
Researchers submit proposals for funding which are voted on by Etica users (that's you!). Proposals are grouped by disease and compete against other proposals for that same disease. Proposals which receive a sufficient vote will be minted new coins as part of Etica's approximately 2% built-in currency supply inflation. Proposals can be requests for funding, results of research, or really anything else you can think of, the community decides what should be funded and when. If you're interested in other ways that crypto can help science, check out the sub cryptoforscience.
What gives Etica value? If we fund researchers with Etica, they will sell it creating sell pressure, where is the buy pressure? Who will use Etica?
The buy pressure for Etica comes from two places: people wanting to help direct large amounts of research funding and people wanting to apply for funding. Applying for funding requires you have some Etica first. And if you want a say in how Etica is distributed, the more Etica you buy, the larger say you have. Who wants to influence which research gets funding? Individual people who are passionate about research, of course, as well as researchers making their own proposals, organizations focused on researching a particular disease, academic instutions, people or their loved ones who are effected by a disease, private industry who would benefit by more foundational research being done on a disease (for example a company who makes pipettes), governments of regions hit hard by a particular disease, etc. In this way, Etica can bring together all stakeholders in the medical research process. Medical research provides a net benefit to society as a whole, and a host of benefits to many different groups within it, therefore there are ample types of people and organizations who would want to participate in Etica.
Voting on proposals also earns you a share of the reward. In this way, shares in Etica can be compared to shares in a pharmaceutical company. In each case, you buy the shares based on expected returns and also gain the ability to influence the decisions of the company if you have enough of them. Unlike a pharmaceutical company though, Etica users get to propose and vote on proposals directly, and even holding just one etica entitles you to a vote. In this way, Etica provides a financial incentive for participating in it, even somebody of pure financial motiviation with no interest in medical research might see value in buying and holding Etica. Of course, Etica's value relative to other currencies is determined by many factors and it would be foolish to try and predict what that will be. I am not trying to pitch Etica as an investment vehicle here.
And unlike traditional CeSci (centralized science), Etica removes the multi-million dollar barriers to entry required for traditional investment in/funding of medical research as you can participate with as little or as much Etica as you like.
How does voting work? Staking?
Votes on proposals are private and can be cast for 21 days after the proposal is made. After this, point, they become public. This is to keep voters honest, make them come to their own evaluation of the proposal, and make sure they aren't just "voting with the crowd". Etica users who vote on successful proposals receive a share of the reward (the person(s) who submitted the proposal receive the other part).
In order to submit proposals or vote on proposals, you must stake your Etica. This means temporarily locking up your Etica for 28 days. If you vote "yes" on a proposal that is ultimately successful (a good proposal), you can withdraw your Etica and any rewards you earned. If you voted "yes" on an unsuccessful proposal, you receive no reward and your stake will be "slashed" which means it will continue to be locked up for a certain amount of more days. The amount of days and the reward you receive (if any) is determined on how well you voted. The more unpopular a proposal is that you voted "yes" to, the longer you will get slashed. Conversely, voting "for" really popular proposals will result in you getting greater rewards.
What % of the vote is required to make a proposal pass is dependent on how successful previous proposals were. A "ratio target" is established to keep things balanced, I encourage you to check out the whitepaper if you want to read about the details. In short, this insures that not a ratio of passed to not passed proposals is kept. This avoids everyone voting "yes" on all proposals to game the system.
A note on protection against bad actors: If you vote for an extremely unpopular proposal (>90% of votes against), you will actually lose some of the Etica you have staked (up to 33%). This is to discourage bad actors. Similarly, if you submit a proposal and 90% of votes are against it, you lose up to 100% of the Etica you staked to make that proposal. So long as you submit and vote on reasonable proposals, this in theory should not happen to you, it should only happen to junk/spam/bad faith proposals and votes.
How do I obtain Etica?
You can mine Etica or submit proposals to be voted on, you must already have some Etica and stake it to submit a proposal. Once people have mined some Etica, you can buy it from them (or from an exchange, whenever it is listed on an exchange). Presumably, generous community members will step up to make a faucet at some point.
Tokenomics? Inflationary/deflationary?
Etica does not have an ICO or any pre-minted coins. Etica is distributed in two phases. Phase 1 is expected to last about ten years and will distribute 21 million Eticas through mining and protocol rewards. The goal of phase one is to distribute these as widely as possible as the network grows, as Etica are used to vote. In each phase (approx 1 year, so 10 phases), the ratio of rewards to mining and protocol rewards will decrease. So in year 1, 90% will go to mining with 10% to protocol rewards, in year 2, 80% to mining and 20% to protoclo rewards, etc.
In phase two, mining rewards will stop and new coins will only be minted through the approx 2.5% built-in supply inflation. These coins are distributed to people who stake/vote/submit proposals.
If you are familiar with ERC-20 tokens, Etherum, etc, you can simply think of Etica as an ERC-20 token which is distributed through mining, except that the ERC-20 contract lives on a fork of Ethereum instead of Ethereum main net, this is mainly to avoid gas fees. This fork has its own Eth currency as well, and presumably gas.
One other term to be aware of is Bosoms. When you stake your Etica, you receive an equal number of Bosoms. Bosoms are used to cast your actual votes and have no use outside of the little life they live inside the smart contract.
On inflationary/deflationary, the protocol has a built-in inflation of 2.5% (this is how research is funded). However, I believe slashes for submitting/voting on extremely unpopular proposals would be a deflationary pressure as well, though it depends on how common those are. Much like Ethereum, whether the supply is inflationary or deflationary depends on how the network is performing.
Wait, so if Etica is being mined and eventually mining stops, how will the network be secured?
There are actually two kinds of mining. The first main kind of mining is mining Etica, that is what follows the tokenomics above. But remember that Etica is a token produced by an ERC-20 smart contract on the Etica blockchain which is a clone of Ethereum classic. Ethereum classic is a proof-of-work blockchain that has its own mining requirements and native token (eth) which is used to pay for transactions that use the Etica smart contract. I do not know the tokenomics of this base layer, but suffice to say that in order to use Etica and interact with the ERC-20 smart contract, you must obtain and spend eth which must be mined, so this provides incentive for miners and security of the blockchain. One good thing about being based on Ethereum is that it should be relatively easy to build bridges to other blockchains which connect to Ethereum. Additionally, as Etica's voting and token distribution is done via an ERC-20 contract, it should be hostable on any EVM-compatible blockchain should running an Etica-specific blockchain not be desireable in the future for some reason.
Why make another Proof-of-Work coin? Isn't is a huge waste of energy? Isn't it out-dated?
I can't speak for the developer here, but I will just quickly list some points about this as I had the same question/criticism. Etica relies on the coins being distributed as widely and fairly as possible, this is really important as the coins are used for voting, and proof-of-work is really the only way to do this. Anybody with a computer can mine Etica, which makes it very accessible. The PoW emissions plan means that Etica will continue to exist and be mined along its planned trajectory of over a decade so long as people are mining it.
With proof-of-stake, it is difficult to insure the network's security at the start because you must mint and distribute enough coins to build up a base of stakers. If you mint all the coins at the start, and you must come up with a fair distribution mechanism. This is really difficult to do in a short timespan unlike the many year or many decade time-span PoW can take. Often this involves selling the coins (and keeping some for the founders/developers) which is difficult to do if you don't have access to an exchange, and they can be quickly bought up/used for speculation and not experience the slower, more organic type of growth that PoW can provide. Getting listed on exhanges is expensive and difficult, especially for new projects. PoW is proven technology, and PoS still has some learning to do.
On the energy question, I would argue there are few better places to put energy than into medical research. And not just medical research, but a system that may fundamentally and radically improve the speed and value of the medical research that society produces.
Greetings CryptoCurrency redditors!
I'd like to introduce Penguin Karts
A battle racing play to earn game on the Fantom blockchain.
Players race against each other to win NFT drops, on race tracks in skills based races. NFT drops can be kart skins, weapons, and other accessories. Weapons may be used to slow down opponents, but beware you can trip over your own traps if you aren’t careful.
The TGE is today at 1400 UTC
Staking will open today
2D Penguin NFT holders will get first access to Beta testing the game in April
5 Racetracks will launch by the the end of April
3D NFT drop will happen on World Penguin Day 25 April (no we are not making this up)
We are a video game first, and a crypto project second.
We are free to play, and play to earn.
You can stake 2D NFT Penguins in the Ethereum contract and claim in-game rewards on the Fantom chain.
Wagering will be introduced in Q4 as Penguin Karts is 100% sill based
There is NO pay to win functions within the game, you must have skills.
Team is publicly doxxed
SITE https://penguinkarts.com/
WHITEPAPER https://penguin-karts.gitbook.io/penguin-karts-whitepaper/
Hi! I'm looking for people to help build a project to create a P2P Marketplace, where people can buy and sell items, and use the project's token as the site's currency.
I'm just wanting a group of real people, who are interested and see the value in this area. The token will be used to fund the expertise needed for the marketplace's development. And I want a community to share ideas with each other to help create the most ideal platform for us!
I'm also wanting to send anyone interested free tokens leading up to releasing it for sale, so let me know if you want some, and I can send some your way through MetaMask!
