All ABOUT PENDULUM SWING
Pendulum is a layer one smart contract based blockchain focused on connecting Fiat rails to the Defi of that dotSama, bringing that filthy Fiat right on in without the clunky transfers we know O2 well. The project began in 2014 with SatoshiPay, https://satoshipay.io/
SatoshiPay is global fintech company that started its crypto journey with BTC micro Payments
Satoshi Pay soon grew out of this due to significant fees and
network congestion making their vision less efficient, and they pivoted to stellar network to facilitate borderless Fiat payments through an open source multi SIG. And the most recent iteration of their vision is the transfer which aims to be the global B2B payment solution with sellers
Fiat tied assets at its core.However, there’s one big problem,stellar
doesn’t have smart contract capability. Enter Pendulum who fully grasp
the beauty of polka dot, shared security out-of-the-box, cross chain
compatibility and imagination bound composability. Furthermore, they
leverage Steller’s long history in the crypto space with deep liquidity and
stable synthetic Fiat coins and pair with the freedom substrate. Dotsama
brings in developing defi blockchain, for optimized apps,ultimate performance with substrate runtimes, seamless integration to
banking networks, trustless crosstchain interoperability, next generation
smart contracts , and much, much more. As you can see
from the roadmap, they’ve already begun the building desperately as we ask for
Bear doesn’t seem to bother them at all😉😉😂😂. In fact, let’s
focus in on spacewalk. Their palette bays trust minimized bridge funded
by a Web 3 foundation Grant , Trust Minimized by utilizing that dot-sama
own Inter BTC Vault strategy which solves the vulnerability of locking
accounts being opened to Sybil attacks, well Ronan Bridge hack suffered
from recently. One key difference is integrating functionality from
multiple assets. They intend to solve this issue with sellers trust lines to
specific assets and calculate collateral of these vaults with different
assets using a price feed Oracle and the stellar Oracle. This stellar Oracle
is key to assure the action on stellar is reflected on pendulum through
the Space Walk Bridge. And is actively building space walk into a palette
that can be deployed on any dot-kusam para chain, essentially baking
stellar and Fiat on ramps right into the fabric of the ecosystem. They’ve
completed a milestone one of bridging stellar to polka dot and are
actively working on milestone two as this information flows through the
interweb. While our goals are impressive, their team is as well, led by
Alexander Wilke and Dr. Torsten Stüber, who graduated with
the highest honors from Dresden University in Germany and has multiple
years of experience and theoretical computer science. Many have taken
notice including Berkeley University’s blockchain accelerator program
that has also hosted a call an astar networks through pendulum
spacewalk bridge deep connections with traditional finance and storied
relationship with stellar. They aim to bring value to dotsama by opening
the gate for compliant and stable tokens and plan on beginning that
journey with the Kusama parachain slot through their Canary chain
amplitude which went live with their crowd loan offering . With a
scarcity of competitors insight, they are providing 10% of the total
supply through their crowd loan. 25% of rewards released on token
generation event and the rest of your tokens released linearly over 48
weeks. Check out the various bonuses here and learn more about the
utility of amplitude token which . Sir, we’ll be watching as those Fiat rails are greased up with KSM from the community. Thanq people
