RioDeFi Expands dApps Ecosystem with DragonBite
We are pleased to announce the expansion of RioDeFi’s ecosystem with a new dApp that has chosen RioChain to enter the blockchain space. DragonBite is a decentralised finance (DeFi) loyalty points and asset management platform which recently raised over $2.7 million from private investors within 48 hours.
The company leverages cryptocurrencies and DeFi to help loyalty points holders consolidate their earnings, interact with a global ecosystem of merchants, and unlock the value of their digital assets. For the first time, loyalty points from different programs can be earned, redeemed, and spent using one single application. DragonBite removes the liabilities of inefficient loyalty programs while improving customer engagement.
Headquartered in Singapore, DragonBite, which is partnered with Asia Top Loyalty, has been working on its business model and dApp since 2018. In less than 3 years, the project has made a name in the loyalty program space: its points can be used at over 50,000 merchants, and its network has already surpassed 1 million users across Asia.
By connecting its decentralised loyalty program dApp to RioChain, RioDeFi will enable this project to scale through its Generic Asset Bridge technology. DragonBite users could access more blockchains and cryptocurrencies from their smartphones, removing the hassle of using different crypto wallets and interfaces.
The integration of the dApp on RioChain is scheduled for Q3 2021 and will allow DragonBite to benefit from RioDeFi’s top blockchain features, which include its speed of transactions, transparency, security, and low transaction fees. RioChain’s native technology is strengthened by partnerships with industry leaders such as Chainlink, Aleph.im, Bluzelle, Kylin Network, and others, which will be extended to DragonBite, enabling the dApp to be more performant through premium oracles and decentralised databases, data storage, and data analytics.
In addition to tech development support, the DragonBite team will have access to RioDeFi’s strategic and commercial expertise through its new Asian incubation hub. RioDeFi will provide guidance on the setup of liquidity pools and staking programs available on the dApp, and DragonBite will secure exclusive spots on partners launchpads, including Zendit and Poolz, for the launch of BITE (DragonBite’s native token) through an IDO scheduled in Q2 2021.
‘’Dragonbite is the 4th dApp that RioDeFi is incubating. We chose to work with this project because we think it has the potential to introduce cryptocurrencies to millions of additional people. Loyalty programs are appreciated by consumers, yet they often have issues in terms of usability, accessibility, and transferability. Dragonbite addresses these concerns by giving users the ability to swap their loyalty points for cryptocurrencies to let them acquire digital assets basically for free.’’ says James Anderson, CEO of RioDeFi
‘’We are very grateful to have been selected by RioDeFi to join their growing ecosystem. RioDeFi’s top management has demonstrated strong technical expertise with RioChain’s interoperable solutions, which will allow us to scale our project through lightning-fast, low-cost transfers of many cryptocurrencies to satisfy both users and merchants, including established brands.” adds Mickael Costache , CEO of DragonBite.
MANTRA DAO, LABS and Lepricon are three other dApps that RioDeFi has accelerated from ideation to successful IDO launch and ecosystem growth. RioDeFi welcomes DragonBite to its community and dApps ecosystem!
To learn more about this partnership, we will be hosting an AMA on RioDeFi’s main Telegram channel this Tuesday, April 27th at 1:00 PM UTC. Our VP and Co-founder Katerina Volkova will host DragonBite’s CEO, Mickael Costache, and Strategic Advisor, Andy Chen, together with RioDeFi’s CEO, James Anderson, and CMO, Stephane Laurent Villedieu, to ask them questions about this innovative project and partnership.
About DragonBite
Dragonbite is an application that serves as an all-inclusive cryptocurrency hub for users, offering a multi-currency digital wallet, portfolio tracking, loyalty points redemption, cryptocurrency trading, and a platform where users can buy with cryptocurrencies, fiat currencies, and reward points.
To learn more about this new project, visit their website, read their whitepaper and follow them on their social media.
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About RioDeFi
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect financial institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.
