Apart from Kusama Parallel Chain Auction, what new projects of Poka Ecology are worth paying attention to?

WebX实验室

2021-06-10 12:12

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The establishment of cross-chain network is the beginning of Pokar's real creation and capture of value.

原文标题：《 Kusama 平行链拍卖之外，波卡生态哪些新项目值得关注？》

Original source: WebX Labs

On June 8, Poka founder Gavin Wood released the firm's Kusama card slot auction schedule.It should be noted that this schedule was drawn up at the pace recommended by Gavin Wooood to the Council and provided that there are no major problems or surprises in the Kusama relay chain.

According to this schedule, the first carslot auctions will be completed in five installments, with the first Kusama auction starting on June 15 and then every seven days. The winning criterion is that each participant bids in the first two days, and the bidding phase ends two days later. After five days, the system will randomly select a time point in the five days as the bid, and the highest bidder at this time point will win the auction. From June 8 to June 15, users and projects and related participants will continue to unlock previously pledged KSM to participate in the card slot auction.

Gavin Wood also mentioned that there would be a second lot after the auction of the first slot,However, there will be a certain "quarantine period" between the two lots, in order to observe the first card slot auction and related data.

Kusama 平行链拍卖之外，波卡生态哪些新项目值得关注？

As the forerunner of Poka's official mainnet, the timing of Kusama's card tank auction on June 15 is significant, as it marks a substantial step forward for Gavin Wood's original cross-chain network, which is sure to bring Poka and Kusama back to the market.

But we can't just look at Boca and Kusama. As we have mentioned before, both Boca and Kusama themselves are only meta-protocols compatible with other parallel chains. The establishment of cross-chain network is the beginning of the real value generation and capture of Boca. Therefore, keeping an eye on the development of Boca ecology is a direction of far more long-term value than Boca itself. With the growing popularity of the Boca /Kusama market, there is bound to be a large number of ecological projects, and it is bound to create a mixed market. Previously, some professional institutions and communities have given some standard characteristics for judging projects.One of the most important items is whether or not to be included in the Web 3 Foundation Grant list.

The Web3 Foundation was established by Dr. Gavin Wood to focus on the development, deployment, and maintenance of Web3.0. Management and utilization of resources by funding quality projects, focusing on the components of the Web3.0 technology stack. The Web3 Foundation has also been working with grants to support projects that participate in Web3.0 and Poka Ecology.

To date, Web3 has had ten Grant issues. As you can see from the list of Grant programs published by the Foundation, 68 projects received Grant funding in 2021. Projects such as Zenlink, Equilibrium, Acala, and Phala have been awarded multiple grants.

In addition, some new projects can also be looked at in advance. These include:

X-Predict: Decentralized forecasting markets

X Predict Market is a decentralized cross-chain forecasting platform, which aims to provide diversified, automated, secure-oriented, high-yield, and socialized forecasting services, allowing users to freely launch prediction and governance of real events. At present, Boca is still in the stage of infrastructure and component construction, and there are still many vacancies in the future large-volume market direction such as derivatives. Therefore, we can continue to pay attention to the projects in this sector.

DNFT: Decentralized NFT cross-chain protocol

Provides NFT asset management and cross - chain services. In NFT asset creation and transaction, DNFT integrates NFT asset creation, NFT asset decentralization transaction/auction, NFT asset maintenance tax, NFT recovery mechanism, and DNFT governance functions. In terms of user experience, DNFT builds a tag pool for users and NFT assets based on big data and AI algorithm to facilitate users to find accurate NFT assets. In terms of cross-chain services, the DNFT network will provide cross-chain Bridges, allowing assets to span multiple blockchains. The platform supports multiple chains such as Ethereum, BSC, HECO and Polkadot.

MyBank: Boca Eco's first highly leveraged cross-chain lending platform

To be precise, MyBank is a DeFi platform based on cross-chain solutions to improve the efficiency of market funds. Its core function is a comprehensive DEFI platform, which focuses on high leverage to amplify market capital efficiency and combines lending, DEX and other rigid demand businesses. The core business is divided into BWS lending, supporting over-mortgage lending, highly leveraged lending, secured unsecured lending, on-chain credit lending and other businesses. MySwap DEX supports highly leveraged spot trading as well as cross-chain trading, and users can convert the value of their social relationships into tradable tokens of value or NFT certificates. Judging from the experience of the traditional financial market, the volume of the derivatives market is at least 50 times that of the spot, and DEFI is an important value capture entrance in the start-up stage of Boca Ecology. Therefore, emerging projects such as MyBank will certainly become the star of the cross-chain DEFI Ecology. At the initial stage, MyBank will be deployed on Poca based on Substrate, and will cover the public chain ecology such as BSC, Solana and ETH in the future.

Stone: Cross-chain asset income aggregator

Stone is a platform that provides cross-chain liquidity and revenue aggregation around POS assets. That is to say, Stone will provide a trading and revenue platform for POS collateral asset derivatives in the current market, such as Veth issued by Bifrost and Reth issued by Stafi, etc. Stone may also build a package of synthetic assets based on these derivatives in the later stage. From the experience of Ethereum and other public chains, the lockup scale of a large revenue aggregator can often reach hundreds of millions or even billions of dollars.

Standard Protocol: A guarantee algorithm for synthesizing assets

Standard protocol is a hybrid Collateralized Rebasable Stablecoin protocol based on Boca ecosystem, which introduces a new model for liquidity aggregation. Compared to the previous generation of algorithmic stablecoins, Standard adjusts its stablecoin supply every cycle and enables leveraged trading and arbitrage through the built-in AMM, acting as a catalyst for other parallel chains of financial activities. In addition, Standard can generate protocols that can be used to synthesize asset markets through a decentralized prognostics machine. Standard is also the first Grant program from South Korea.

ZeroPool: Boca Privacy Transaction

ZeloPool is a multi-linked private name solution that allows users to hide quantities, sources of funds, and destination addresses, stores, or transactions. Think of it as a strong competitor to Anonymous. ZeroPool's product, which has been in development for a long time, started as an anonymous solution for Ethereum's ETC-20 token. Later, it began to expand in the direction of multi-chain, which is another Boca Ecology project besides Phala to fill the gap in the field of privacy computing and privacy protection.

Treasureland: NFT asset issuance and trading platform in DEGO ecosystem

Tresureland is a multi-chain NFT publishing and trading platform. It is also the first multi-chain NFT Market in Poca. Dego, the parent company, is a platform featuring the concept of NFT+ DEFI, which mainly provides on-chain casting NFT, initiating NFT mining, auction and trading and other functional services. Dego's contract has completed the audit, but the team has been in a state of anonymity.

Dora Factory: DAO as a Service

Dora Factory is the infrastructure for on-chain governance and open source entrepreneurship based on Substrate's DAO-as-a-Service. This means that developers and startup teams can use hot plug to directly invoke Dora's governance module on Boca. This service contains key requirements for governance, fundraising, collaboration, management, etc. At the same time, secondary development can be done on the open infrastructure of Dora Factory.

Subgame: Decentralized game chain platform

In the current NFT boom, games have become an important direction in addition to digital artworks, but the existing development and deployment environment of the main public chain has certain limitations. Subgame is an open game public chain platform based on Poka cross-chain network. To provide industry developers with a lower cost, more integrated, and more powerful infrastructure.

Subgame provides a multi-module blockchain game engine that provides developers with a full range of support, such as SDK, tutorials, tools, and all kinds of necessary module resources, so that developers can improve the application product in the simplest way.

The purpose of this article is to learn more about the ecology of cross-chain networks beyond Poka /Kusama itself and the card slot auction. It does not constitute an investment recommendation. Besides, the card slot auction, as the biggest benefit of Poka, will end at the beginning of the auction. In the future, we still need to see what kind of height Poka ecology can develop to.