Weekly Newsletter 1.0
Ahoy, welcome to the Weekly Newsletter Series of ShipFinex. Here you will get all the latest developments and updates to help catch up with our progress and roadmap.
As a part of the ShipFinex community, we are excited to onboard you in this fascinating journey of bridging the Maritime and Shipping world into the Web3 ecosystem, showcasing a decentralised and permissionless platform to offer a seamless experience of investing, trading and adding liquidity in a new digital asset class.
Let’s talk you through what has happened since the inception of ShipFinex…
ShipFinex Past Events
To introduce ShipFinex to the Web3 community, our team started to venture out to key events to start building on the idea of community and institutional inclusion and set the name of ShipFinex firmly in the blockchain community.
Pre-Launch Event
First and foremost, we did a soft pre-launch event for ShipFinex, in our operational hub in Dubai on 15th July 2022. It was a close-knit community, including some of our Shipping, Technology and Entrepreneur friends and advisors. We introduced them to what ShipFinex aims to achieve in the Maritime industry.
India Blockchain Week
After Dubai, we stuck our foot in India by presenting ShipFinex at India Blockchain Week. Our Co-Founders, Sunil Arora and Capt Vikas Pandey led the presentation and swept everyone with the vision and story behind ShipFinex.
Fintech Festival
With regulations coming in and everyone still discussing the future of cryptocurrency in India, Capt Vikas Pandey got a chance to become a panellist at Fintech Festival and weigh in his valuable insights on the topic, “Is India really so behind in crypto adoption or an epicentre for blockchain adoptions?”
Where he emphasised more on India being an “Epicenter for Blockchain” because of Indian developers who are turning every table to create the most amazing web3 startups.
Marinecoin Private Sale
Concurrent with our community outreach set-up, we also made the Private Sale of Marinecoin live to kickstart the initial fund-raising operation.
For those unfamiliar with the term Marinecoin, let us throw some light on it.
Marinecoin is a native token of the ShipFinex ecosystem, adding true utility and accessibility at the core. From fractional ownership of ships as digital assets to processing remittances instantly to serving governance rights for maritime marketplace participation, Marinecoin constitutes all the key characteristics of a Utility Token.
Latest In The Crypto World
Ethereum Merge Date Out
The biggest update of the blockchain evolution was released by the Ethereum developers, as they set a date for ETH Merge to happen on September 19. This is exciting for the whole building community of Web3, as bringing Ethereum blockchain on the Proof-Of-Stake consensus will make it more interesting to create DApps than ever before. At ShipFinex, we are excited about this merger and look forward to bringing Marinecoin to the Ethereum blockchain.
DeFi TVL Back To $65B
Following the bear market, the overall DeFi TVL dropped down to the $55B mark but now, with rising sentiment and further interest from the government authorities to bring regulations in the crypto markets, the TVL again touched the $65B registering an impressive hike in the entire past month. This is, again, great news to compliment ShipFinex, as we intend to supplement our DApp ecosystem with a variety of DeFi-based solutions, creating more liquidity flow in DeFi.
Russia, Ukraine, Venezuela ranked highest among Countries With Most Crypto Adoption
A report issued by the United Nations Conference on Trade and Development states 2300% percent growth in cryptocurrency adoption between September 2019 and June 2021, making Covid-19 a catalyst for this growth.
Venezuela (10.3%) ranks third among the countries with the most cryptocurrency adoption, only behind Russia(11.9%) and Ukraine(12.7%). This can be explained by the economic situations these countries are facing and the swings their currencies are experiencing due to conflict.
