Shiden ecosystem overview. Part 1. Standard Protocol, tofuNFT and JPYC.
As we mentioned in this article, the Shiden Growth initiative has been launched in cooperation with the Shiden core team. We would like to start our blog by publishing a series of overview articles in which we will talk about the projects that have joined the Shiden Builders program. In this article, we will talk about Standard Protocol, tofuNFT and JPYC.
Standard Protocol
Standard Protocol is the first Self-Sovereign Stablecoin protocol that embraces and visions the true decentralized form of Web3. Empowered by its interoperable DAO ecosystem, Standard Protocol empowers its users with full control over its monetary system through a multichain DEX, a decentralized Oracle and a non-reserve design for CDP using NFT and native stablecoin Meter #USM.
Standard protocol is currently running on Shiden, Ethereum and Metis, and supports Ethereum, Shiden, Metis and BSC bridge.
Standard Protocol is also a recipient of the Shiden Network Builders Program Grant and participant of the Build2Earn program as well. Standard protocol received grant from the Web3 Foundation as well as Polygon #DefiForAll grant.
Meter #USM, the native Standard Protocol stablecoin, is expected to be launched in February. The team is planning to launch the UI testnet for #USM. The most active users and members of the Standard Protocol community are very welcome and will be invited to be the first ones to test all the features.
In near future, Standard Protocol will start crowdloan campaign on Kusama in order to get parachain slot and become a truly independent and decentralized Substrate blockchain with the great level of shared security.
More information about Standard Protocol:
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tofuNFT
tofuNFT is an NFT marketplace and also an NFT solution provider. With a user-friendly design, lots of features, multi-currency support, royalties and launchpad deployed on multiple chains.
tofuNFT supports huge number of EVM chains, including the Shiden network. The team provides full functionality for all users from different networks to deliver the best user experience.
There is fixed-price listing feature and auctions on the marketplace. In addition, some creative enhancements are made to the existing NFT experience, such as incentivized bidding, real-time notifications, filtering, bulk listings and a rarity explorer.
For NFT projects, tofuNFT offers various incentive-based plans that motivate the NFT liquidity and help stimulate the tokenomics of project tokens. In addition to real-time royalty distribution, payment with project-issued tokens and white-label marketplaces are very competitive features that hardly any other platform could offer yet.
During the launch on Shiden Network, tofuNFT conducted a joint campaign with other projects from Shiden Ecosystem such as SUSHI TOP SHOP, Crypto Moments, Karsier (Kaco), Covalent, DAOLaunch and Artrino! These projects allocated their NFTs to the campaign. This is a great example of how projects can collaborate within one ecosystem and benefit from each other.
More information about tofuNFT:
JPYC
JPYC is Japanese Yen-pegged stablecoin. It is an innovative product that was born in Japan and has grown rapidly being supported by its community.
Circle the company behind the issuance of USDC stablecoin is also JPYC shareholder, the team expects JPYC to become the leader in Japan’s public chain ecosystem and provide positive influence to other projects around the world.
JPYC has been launched on Shiden Network on November 1st, 2021. As a result, JPYC stablecoin can be issued and distributed on the Kusama and Polkadot ecosystems which is expected to further improve the convenience networks and usage of JPYC as a means of payment.
The core team will contribute to the further enhancement of the value of JPYC stablecoin and accelerate the global expansion of Shiden Network.
In future, JPYC stablecoin will become an essential part of the digital economy as the payment instrument for third-party business and realizing a digital society in Japan.
More information about JPYC:
About Shiden Growth
The main goal of the initiative is supporting the Shiden ecosystem particularly the whole community, existing projects deployed on Shiden networks as well as helping new projects to migrate and deploy their dApps or smart-contracts on top of Shiden.
Building the community for the whole ecosystem and providing the media support for the ecosystem dApps, create educational content for the community as well helping to interact it and collecting feedback — it is one of the main priorities for us. Shiden’s dApps will be able to gain support and have the opportunity to spread awareness in the community about their products.
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E-mail: sdnbuild2earn@gmail.com
Fill the form and we’ll contact you to discuss your application and joining the Shiden Builders program. ⬇⬇⬇
