Electra and RedFOX Labs partner to build with Komodo

Electra Foundation
Jul 24, 2019 · 4 min read
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We are ready to expand, this is where it starts

We are pleased to announce that Electra has entered into a collaboration agreement with RedFOX Labs, while also being supported by Komodo for being the first project using their all new Antara end-to-end smart chain development framework. The agreement means that Electra will develop and offer new products and services on its own blockchain with the help and technology of RedFOX Labs and Komodo. By joining forces, Electra has access to the huge (emerging) markets in which RedFOX Labs and Komodo operate.

The new products and services will be offered to companies through licenses or will be released as white label products on Komodo. The income generated will be used by Electra for marketing purposes and the financing of listing fees of larger exchanges for more liquidity.

“We are ready to expand, this is where it starts”

The marketing objectives are important for more awareness so that the Electra technology can be used on a large scale and will be present in the crypto world and the world outside.

The collaboration with RedFOX Labs and Komodo is a major step forward so that Electra can better meet the needs of the market. This partnership will allow us to build a larger, more reliable, and more valuable Electra.

Blockchain- and Crypto-veterans on board

RedFOX Labs and Komodo are well-known organizations with a great deal of knowledge and expertise in blockchain technology and the crypto world. It is, therefore, a solid and reliable party and we are proud to be able to work with these parties.

Electra’s consulting agreement with RedFOX Labs will also lead to ambitious e-commerce partnerships, and extensive strategies for developing extremely low-fee and world-class experiences for ElectraPay merchants and customers.

RedFox Labs focuses primarily on Blockchain-based companies and a premium provider for advisory services for Blockchain and Cryptocurrency projects. RedFOX Labs is the first party in Southeast Asia to use the blockchain as a Venture Builder for both startups and multinationals.

“RedFOX Labs and Komodo are well-known organizations with a great deal of knowledge and expertise in blockchain technology and the crypto world”

RedFOX Labs is currently working with various entrepreneurs in Southeast Asia to enhance startup businesses through the introduction of blockchain and cryptocurrency technology. They also offer consultancy services for blockchain and cryptocurrency projects such as Electra, using their extensive knowledge, unique experiences, and an extensive network.

The founders of RedFOX Labs have deep roots in the universe of blockchain and cryptocurrency. The CEO and CO-founder of RedFOX Labs, Ben Fairbank, is also the General Manager of Komodo’s global activities and created RedFOX Labs with blockchain veteran Glen Pearce. Ben Fairbank is a seasoned C-Level executive and has worked for unicorn companies Virgin, Grab and Ooredoo.

Two open-source projects coming together

Komodo is an open, composable multi-chain platform. With blockchain development roots going back to 2014, Komodo is consistently recognized as a pioneer of multi-chain architecture in the blockchain space.

Today, Komodo focuses on providing business-friendly blockchain solutions that are secure, scalable, interoperable, and adaptable. Komodo’s current technology suite, the Antara framework, offers tools for end-to-end blockchain development, including a customizable, application-specific Smart Chain complete with a library of built-in modules and an open API for building blockchain-based applications.

“They help us with marketing, business models, and many more things to build Electra to the next level. A true gamechanger”

Just like Komodo, Electra is open source. In combination with the Komodo platform, this collaboration means enormous progress for Electra. This will not only mean a huge increase in income, but also the awareness and use of the Electra technology in large parts of the world, especially the emerging markets in Southeast Asia.

Multiple business models possible

With this new collaboration it is possible for us to bet on multiple business models. In addition to our own Electra project, we will tap into new markets with our technology and use our technology in combination with all the good things that RedFOX Labs and Komodo have to offer.

Electra will continue to focus on building new software, such as ElectraPay, and grant the use to other parties or release it as a white-label product on Komodo for other parties. In addition to Electra, we could make new blockchains for projects with new tokens where Electra owners receive a 1 on 1 airdrop, for example.

More future collaborations

RedFOX Labs have acknowledged the hard work and great results that Electra have produced, which is a testimony to the efforts put in by the team. They bring in tech, we combine forces.

For Electra, this collaboration means that in the future we will continue to focus on collaborations with parties that contribute to the further development of Electra.

We will keep everyone informed of our developments and will quickly come up with news about new developments.

To learn more about Electra, visit our website: electraproject.org

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