Blockchain Silk Road — Announcing the Top 6 Projects
On April 5, the registration for “Blockchain Silk Road” officially came to an end. The Blockchain Silk Road is a campaign by TOP Network and Jinse Finance, which will allow five extremely promising blockchain projects to enter the Chinese market. After careful review, consideration, and several brainstorming sessions, we realized that there was no way we could select just five. So we decided to go with six.
Here are the top six projects that we selected from the 37 that registered — Blockstack, CasperLabs, KardiaChain, LATOKEN, Pledgecamp, and HUPAYX. A big congratulations to all six of them and we can’t wait to start working with you! In this article, we will introduce you to these five projects and give you an overview as to why we decided to do the “Blockchain Silk Road” in the first place.
The Impact of Coronavirus in our Daily Lives
At the beginning of 2020, life, as we knew it in China, came to a complete halt due to the Coronavirus. Economic development fell into stagnation as even the major enterprises struggled to keep up with the conditions. At TOP Network, we decided to help out in anti-epidemic operations by donating medical supplies to Wuhan — the epicenter of the pandemic. We have also provided Hubei candidates with a number of jobs in the 2020 recruitment plan to solve the local employment difficulties caused by the Covid-19.
However, just as China got some semblance of control back in its fight against the disease, it rapidly spread across worldwide. Europe and the USA have been particularly devastated. The global economy has gone into a tailspin, the likes of which we have never seen before. As of writing, there are nearly 1.5 million Covid-19 cases around the world, and almost 90,000 people have unfortunately passed away.
World Health Organization Director-General Tan Desai warned that those countries eager to relax pandemic prevention measures might face a more “serious and lasting” economic downturn and the resurgence of the new Coronavirus. Desai believes that the novel Coronavirus is not only a health crisis but will continue to have a profound economic and social impact. The epidemic prevention measures adopted by various nations are severely damaging the income of individuals and families, as well as the economy of the entire country. As you can imagine, this has severely affected blockchain startups as well. Promising projects with world-changing technology have come to a screeching halt because of situations outside their control.
How the Blockchain Silk Road is a Complete Game-Changer
On March 24, TOP Network launched the Blockchain Silk Road to help promising blockchain companies around the world an opportunity to make inroads into the Chinese market during these trying times. As per the campaign, TOP will join hands with dozens of Chinese media powerhouses and communities to announce overseas high-quality projects in the country and build a “silk road” for in-depth exchanges between the Chinese and foreign blockchain industries. This will include AMAs, live broadcast, article publication, and domestic support.
The Chinese market has always been highly desirable worldwide, especially when it comes to the fintech space. By getting selected from the campaign, you will be getting your hands on our considerable resources and connections for absolutely free. The best part is that once the pandemic situation is over, you can leverage your strong position here to create a worldwide presence.
Our partner Jinse Finance is one of the most prominent and respected blockchain media companies in China. By collaborating with us, they are hoping to support promising projects and make due contributions to anti-epidemic activities worldwide.
The Top Six
We were overwhelmed by the response we got during the registration process. 10 projects registered within a couple of days, and overall 37 projects registered before the deadline. After much due deliberation by the organizers and our media partners, we struggled to narrow down on just five projects. This is why we decided to go with six instead — Blockstack, CasperLabs, KardiaChain, LA Token, Pledgecamp, and HUPAYX.
Founded in New York in 2013, Blockstack is the first SEC-approved token project. Developers can easily, quickly, and securely develop blockchain-related applications on the platform, and users will not worry about the misuse of private data during use. Blockstack’s complete decentralized computing network is global and open to anyone in the world.
On Blockstack, each user has an exclusive private data locker to store and encrypt user information to ensure user data safety and not to be abused. At the same time, Blockstack also encourages users to share among the various applications on the platform, breaking the monopoly of user data by giant platforms in the Web 2.0 era.
Thank you TOP Network and Golden Finance for inviting Blockstack to participate in this blockchain Silk Road event.
CasperLabs was founded in October 2018 and it aims to create a “Blockchain for the Builders.” They are dedicated to building a blockchain that eliminates barriers to mainstream adoption for developers, verifiers and end-users, and builds a real Scalable, easy-to-use and secure smart contract platform. As a Layer 1 solution, CasperLabs released the first protocol in the CBC Casper framework under the CBC Casper framework to verify safe and active consensus protocol specification Highway Protocol in October 2019.
Join forces to overcome the difficulties! Be together, we are strong!
KardiaChain is a public blockchain platform focused on interoperability, providing hybrid blockchain solutions/infrastructure for businesses and governments in Vietnam and other countries in Southeast Asia. Their two-node technology allows cross-chain communication between any public or private chain, regardless of the protocol itself. This provides institutional clients with an easy-to-adopt solution: private chains allow efficiency and privacy, while public chains help to win customers ’trust through transparency.
KAI is the native token in the KardiaChain ecosystem. KAI tokens are used for staking, payment of transaction fees, deployment of smart contracts, payment cross-chain operations, and all products / services on KardiaChain.
We are happy to join Silkroad program by TOP Network — our strategic partner in China. Base out of Vietnam, we think highly for each other’s market proposition. We used to co-host meetup together and shared good market insights. We have announced our partnership just a day before KardiaChain successfully IEO on Gate.io. Silk Road program will help strengthen our partnership and we definitely to have more collaborations together. We are also happy to cooperate with other decent projects in SilkRoad program, with good exposure from many top media and reputable Chinese community support!
LATOKEN is a rapidly growing crypto exchange focusing on liquidity for new tokens. LATOKEN entered CoinMarketCap’s top-20 in April 2019 and kept improving the result.
- $500m+ daily turnover.
- More than 500.000 registered traders.
- 320+ crypto pairs available for trading.
- Low trading and withdrawal fees.
- New trading pairs are being added every week.
Besides crypto trading, eligible LATOKEN users can participate in selected Tokens Sales at pre-sale and crowdsale stages. Security Token Offerings (STO) are also available on LATOKEN crypto exchange.
Other features of LATOKEN Platform include:
- Instant exchange (LA DIRECT).
- Advanced trading features.
- Crypto/fiat gateway.
CEO — Valentin Preobrazhensky
Regional Manager — Ivan Webb (firstname.lastname@example.org)
Blockchain Silk Road is a foundational institution for the blockchain ecosystem in China. We’re incredibly proud and humbled to be associated with them and are looking forward to many future collaborations.
Pledgecamp is the next-generation crowdfunding platform that uses blockchain technology to achieve security and accountability.
The Pledgecamp team originated in Silicon Valley and was founded and led by Choi Jae Hoon. He has served as a Ustream investment banker and product manager, as an angel investor in Robinhood, Circle, Talkdesk and other top companies. The team has extensive experience in raising risk funds and handling government relations. As early as Kickstarter raised millions of dollars, it became the industry leader in the top 1% of raised funds. Also, Facebook CEO Mark Zuckerberg’s sister, Randi Zuckerberg, and Disney TV executive director Dabid Ambroz served as the principal consultants and currently continue to incubate excellent companies and philanthropic partners to expand global business.
The team discovered the pain points in the custody of funds from traditional crowdfunding and launched the Pledgecamp project. Unlike traditional crowdfunding, Pledgecamp introduces smart contract accountability, transparency, and uses a dual-pass economic system to balance the interests of project parties and funders to solve the long-standing problem of trust in crowdfunding. The raised funds of the project will not be issued at once but will be locked in smart contracts with a part of the token assets. After each node approves the project, the funders will vote to release the crowdfunding funds to the initiators to truly ensure the rights of investors.
Pledgecamp is honored to participate in the ‘Blockchain Silk Road’, we support high-quality joint activities under the epidemic, and hope that through this event and overseas projects, we will use blockchain technology to solve application problems and continue to create healthy The ecosphere contributes to the current global economic panic.
HUPAYX is a mobile payment solution provider based on the Hybrid blockchain (private and public), combined with the TechFin business model, which is operated by a Human Plus-a system integrator and development company headquartered in Seoul, South Korea. HUPAYX’s goal is to leverage the blockchain technology to create an open cryptocurrency payment system that can compete with the existing centralized payment systems.
The HUPAYX network is designed as a multi-layer model (multi-layer allows independent configuration of the network based on load distribution and business characteristics. Any network participating in HUPAYX can have its own blockchain. HUPAYX collects platform fees to fund network development directly. Companies wishing to circulate products or services through HUPAYX can benefit from increased sales through the network or lower transaction fees.
As we have mentioned before, we had a really hard time narrowing down on the top six because of the sheer quality of projects involved. As such, we will be remiss, not to mention the following projects — Gitcoin, Cashaa, TradeDog, WOM Protocol, Rapids Network, ex-io.com, Pi Network, AXEcoin, YAS, Dynamic (DYN), SilkStreets, BitMart, and Cloud Exchange. Thank you so much for taking part. Please know that it was incredibly challenging to narrow down on the top six, and you all missed out by the skin of the teeth.
Once again, we are deeply grateful for everyone who registered for the event. The main reason why we are doing this is to ensure that the blockchain economy doesn’t suffer during these trying times. The campaign’s core message is, “Together we are strong.” We genuinely do believe that by helping and supporting each other, the blockchain will not just weather the storm but truly thrive in the aftermath.