Pushing the envelope, GameFi ushers in new changes

GameFi has exploded since September of this year and has become the hottest segment in the cryptocurrency world at the moment. According to Dappradar, a Dapp testing platform, as of November 29, 2021, the number of GameFi daily active users has reached 1.3 million, with a daily turnover of $123 million. Compared with the data on June 1 of the same year, GameFi’s user base grew nearly threefold in six months and daily turnover grew more than 15 times.

 Let’s not talk about Axie infinity, the dominant player that lasted for more than two years, because Axie Infinity’s success is an inevitable development of the crypto market. But for GameFi to succeed, more innovations and leading protocols will need to emerge. As more and more players, especially from the outside of the crypto market enter the scene, countless projects in the appearance of a game are popping up.

It can be simply understood that the GameFi is more “grounded” than traditional DeFi and is easier to be accepted by the public.

Even if you don’t know blockchain or finance, you can make money by playing games which is attractive to many people and it can attract non-crypto players and capital investment with half the effort.

Ultimately, though, GameFi is similar to pledged liquidity mining where we need to lock in LP assets in a smart contract to receive revenue. But it’s worth noting that GameFi’s format is slightly different from DeFi mining: GameFi requires us to exchange assets for game props (NFTs) before we can participate in-game activities. The simple logic of selling NFTs for pledge mining has attracted a large number of users who have embraced GameFi because it caters to hot spots and super high returns. To capture the market, new and higher-yielding games were launched one after another with similar gameplay except for different backstories. But over time, the differences between GameFi and DeFi led to a change in player psychology. Players began to worry that if NFT could not be sold they would lose all their assets. Many players are not willing to face such exposure.

While established GameFi such as Axie Infinity do not need to worry about this situation since their economic system has been successful, a new and unfamiliar game can lead to the tragedy of NFT props having a price without a market and game tokens going to zero because its economic model is immature, resulting in the inability to get enough players and liquidity to support the game’s development. For example, BnBhero and CryptoMines, which relied on high returns to attract players some time ago, have seen their coin prices plummet along with massive output dumping and a sudden drop in player growth, with the former draining liquidity and the latter falling.

When the market dividend period slowly fades, the game with GameFi shell to rub the heat becomes no longer the first choice of users. After a long period of time, some projects with novelty began to appear slowly. The future of GameFi projects will need to be innovative if they are to stand firm and continue to grow.

DAO on the stage, a new process of DeFi development

GameFi is being updated at a rapid pace, and the DeFi board is on the same footing. People’s thinking about the drawbacks of DeFi combined with the DAO autonomy concept has led to the derivation of a new DeFi framework.

Liquidity has always been the cornerstone of DeFi, and securing it and improving it is one of the main goals of all DeFi programs. Simply put, I want to be able to trade at all times and want to make trading as cheap as possible, and I need strong enough liquidity on the other side.

If the blockchain market in the past was a train put together one car at a time, then liquidity providers were the rails that made that train fly. But the downside of this situation has gradually shown itself, as liquidity providers have dominated the life and death of DeFi projects since its inception. Often giant whales, large investors and lobbyists choose to move their money to where they get the most reward in liquidity mining rewards, but this also leads to the withdrawal of capital from liquidity after high returns, and a slow bleeding effect as tokens continue to be dumped on the market, which ultimately leads only to extinction. This phenomenon has been commonplace in the liquidity mining boom of 2020, and the current GameFi is much the same, except that capital is needed to buy into NFT game props, and the mining rewards become Play-to-Earn game rewards. And the current GameFi field itself is a top-heavy pattern, bursting into a minority of games, the vast majority of players are also attracted to enter after the big capital has entered the field to obtain high returns.

DAO is known as Decentralized Autonomous Organization, the purpose of DAO is to set the initial rules by voting and write the rules as smart contracts without any centralized intervention and management, all operations of the system are performed by smart contracts only. The code of the smart contracts is open source and all activities of the system are based on the written code.

The key to the disadvantages of DeFi is that liquidity is in the hands of “people”, and once a few people become self-interested, liquidity is no longer reliable. In many cases, the liquidity provider does not form a long-term mutually beneficial relationship with the agreement. The liquidity provider can withdraw at any time and leave the agreement with a mess. DAO’s smart contracts can solve this problem to a certain extent, and combined with the decentralization property that DAO naturally fits, gradually evolved a new type of liquidity relationship such as OlympusDAO — liquidity belongs to the agreement. This is also recently known as DeFi 2.0, which changes the relationship between protocols and liquidity providers through new mechanisms, and ultimately reconfigures the liquidity service itself.

The problems GameFi is currently facing fall largely into this category and some GameFi already in operation such as Radio Caca are already experimenting with locked liquidity to try to solve the problem of game continuity but the drawbacks of centralization need no introduction here, so a DAO that combines Play-to-Earn + OlympusDAO Farmer is the game most likely to be the next breakout.

GameFi + DAO to create a farmer metaverse

In the Newborn phase, DAO Farmer will be launched on the Binance Smart Chain (BSC) and is the first Play-to-Earn farm simulation game on BSC. In the Newborn phase, DAO Farmer is designed as a Play-to-Earn farm simulation game where players can complete the game process with simple actions to earn great rewards.

In this phase, players of DAO Farmer can get high returns with the tools. Backed by the mature GameFi ecosystem of BSC, DAO Farmer has a very low entry barrier. Currently, BSC is one of the most flourishing public chains of GameFi, with a large number of users and perfect DeFi infrastructure which ensures the number of users and token circulation of DAO Farmer. As the first simulation farm GameFi on BSC, it gives BSC an important role in this track and is expected to meet the market demand and further its scalability.

The tokenomics design of DAO allows DAO Farmer to have a perfect decentralized financial system in the newborn phase.

The economic system of tokens in DAO Farmer uses the DAO vault as the hub and the tokens in the DAO vault are injected into the liquidity pool through smart contracts. In each claim operation of a player, a portion of the tokens will be automatically sent into the DAO vault, which is the main component of the DAO vault. This is known as Protocol Owned Liquidity (POL). To prevent the price of NFT from rising too quickly and to ensure that more players can participate in the game, DAO Farmer has designed the Property as a Service (PaaS) mechanism, in which the DAO vault will open the asset selling function in the early phase, players can buy game assets in the DAO vault and all the revenue will enter the DAO vault as transactions occur and then inject liquidity through Protocol Owned Liquidity (POL).

Simple understanding, in DAO Farmer each time the player’s Claim, there will be part of the fee will enter the DAO vault, early through the DAO vault sales of game assets, will also all enter the vault, this part of the income is all through the protocol injection pool and can not be actively controlled, which means that never lose liquidity, the player’s game assets will have a net value to the bottom.

Too much liquidity can ensure the circulation of tokens, but it can also cause slow growth of players’ revenue. The token DAO Reactor can be a good solution to this problem. Players can buy DAOF with token Liquidity Provider (LP) or specified tokens and holding DAOF can provide players with a revenue growth rate. The existence of the token reactor can largely make up for the lack of Protocol Owned Liquidity (POL) presence and increase the scope of control over liquidity. It also increases the player’s earning and the output is converted into earnings, forming a gain closure loop.

Protocol Owned Liquidity (POL) and Property as a Service (PaaS) ensure the liquidity of the game’s assets, while the existence of DAO Reactor can largely compensate for the shortcomings of POL by providing a more reasonable incentive for liquidity providers to form a long-term mutually beneficial relationship with the agreement. DAO Reactor provides the financial system. The tight economic model has a positive effect on the sustainability of DAO Farmer, ensuring a longer game lifecycle, which is the basis for the later development stages of the game.

In the Rising phase, players are no longer limited to their farms but will compete with all players across the continent. In this stage, players need to have enough time to upgrade and operate their farms and expand them into their city-state. In the Arrival phase, players will no longer use the mouse and keyboard to play the game but can use VR and physical devices for an immersive gaming experience.

The novel combination of GameFi+DAO is the first of its kind in the industry, and DAO Farmer has a rigorous economic model to ensure the sustainability of the game. DAO Farmer has a unique advantage in the new phase of GameFi environment change, and will certainly explode the GameFi market.

Contact Us

Website: https://www.daofarmer.com/

Whitepaper: https://daofarmer.gitbook.io/daofarmer/

Medium: https://daofarmer.medium.com

Twitter: https://twitter.com/DaoFarmer

Telegram group: https://t.me/daofarmer_com

Telegram ann: https://t.me/daofarmer_ann

Discord: https://discord.gg/NBaMWXd7j8

The origin of C97 Guild

Since 2020, as the COVID-19 has spread globally and has caused extensive damage to the world economy, the related ban on social distance and gatherings have caused heavy losses in consumption and business activities.

But the game industry is still booming. The demand for social interaction among the OTAKU has grown and games have provided them with a fascinating pastime. Relevant statistics show that since the epidemic, the time that people play games and the amount of sales have increased tremendously.

Among them, GameFi based on blockchain technology have come out of the circle with the birth of the Play-to-Earn economic model, and the popularity and application of DeFi and NFT. The performance of extraordinary potential, constantly breaking through the traditional game industry, has become the focus of the market.

After in-depth research on many GameFi, the C97 Guild(www.c97.io) found that the explosion of chain games was largely due to the organization of chain game guilds, which not only promotes the development of a certain game ecosystem, but is also a brand new community-based VC organization , And it is also the most popular form of DAO at present. This is the real reason why the current Games on chain are so popular. It is the P2E game guild that combines the traditional game guild’s gameplay and GameFi’s unique mechanism, through a combination of a series of financial strategies, that promotes the development and growth of the chain game ecosystem.

Therefore, the C97 team immediately set out to launch the C97-DAO system for the P2E game with a keen sense of smell. The C97 platform itself has a complete infrastructure, including decentralized trading platform, NFT trading platform, NFT lending system, etc. The C97 technical team is simultaneously developing the NFT interactive system. With the help of the C97 Guild, C97 will be built into a comprehensive platform integrating NFT, game asset trading, lending and ecosystem incubation, creating a Steam for GameFi.

The introduction of C97 Guild

As a decentralized autonomous organization (DAO), C97 is used to invest in non-homogeneous tokens (NFTs) based on virtual worlds and blockchain games. The biggest mission of the organization is to build the world’s largest virtual world economy, optimize the assets owned by its community and achieve maximum utility, and share profits with token holders.

C97 combines the advantages of NFT and DeFi, using the infrastructure built by FTNDEX (DeFi, DEX, NFT trading market, Token lending, NFT lending, NFT mining, Yield farming, etc.), to provide convenient circulation and trading venues for various assets (Tokens or NFTs) in the metaverse and GameFi economy, as well as smart contracts for lending.

C97 Guild hopes to achieve the following functions through in-depth cooperation with high-quality games:

①Ownership of assets in the game can be obtained;

②Deeply bind the game’s tokens, and the token distribution and economic model are all configured around the game;

③ Significantly promote the P2E model, so that players can earn native token rewards by consuming time in game activities;

④Provide improvement suggestions for game officials to improve the playability, entertainment, and interactivity of the game. With the continuous advancement of technology, the standard will be gradually improved.

In the future, C97 Guild will participate in more games and develop assets. C97 believes that with the passage of time and the development of technology, the virtual economy will be more valuable. At the same time, C97 will create value for union members in the virtual world, allowing them to thrive and gain wealth in the virtual environment.

According to official news, BetaMars is going to airdrop 2,000 ticket NFTs to fans around the world from 14:00 UTC, December 21 to 14:00 UTC, December 26, with a total value of 200,000 USDT.

Visit homepage by searching “BetaMars” on Twitter to win BetaMars ticket NFTs for free. Each NFT is worth 100U at an initial offering price. Having a ticket NFT, you will:

1. Enter Betamars World.

2. Obtain the BetaMars ecological governance token in game.

3. Receive the first generation ticket NFT with great art and collection value.

More rights will be given to BetaMars ticket NFT in the future.

BetaMars is a metaverse game themed on “Mars migration”. It aims to build a highly decentralized, open and free parallel world.

Source: Twitter @Betamars2025

According to the official report, BetaMars begins in a barren Martian world, leaving players a wild planet to explore. New rules and civilizations will be created by players. All the players who participate in building BetaMars will receive rich rewards from the world. How to cross the class gap? How to strategically fight for resources? How to cooperate to set the new rules? All these will bring players a wonderful game experience.

The land in the BetaMars world, a digital asset, will be held by players in the form of NFT. In BetaMars1.0, players will compete for mineral resources on lands, triggering gambling of interests among them. BetaMars 1.0 will see a stable social order establishing in the metaverse world. In the later BetaMars 2.0, a new digital parallel world will start. In this brand new world, every player will experience a different and wonderful life.

Source: Twitter @Betamars2025

The era of metaverse is coming. BetaMars is not only a new species in the metaverse game world, but also a matrix generated new species. BetaMars is expected to change the “digital continent” of metaverse games and start a new era of creation, promoting the metaverse game to a higher level.

BetaMars is currently in promotion and will be launched globally soon. For more updates of BetaMars, click links to check!

BetaMars Social Network:

Official Website：http://www.betamars.io/

Twitter：https://twitter.com/Betamars2025

Telegram：https://t.me/+o6cRC6pZ6P4zM2Rh

Discord: https://discord.gg/cwAVSkG6Eb

HundredDAO is a gathering of 10,000 Hundred NFT owners who may be fans for Game and DAO. “HundredDAO combines anonymous, playability, and also decentralized autonomous governance together, users are not only a DAO member, but also can enjoy playing games embedded in the system.” Said by Miler Ada, the founder of HundredDAO.

In HundredDAO system, they have Hundred NFT, Hundred Market, Hundred Guild and Hundred Fund. HundredDAO members will share all the profits generated from NFT sales, transactions, upgrades, funds and game guild.

Hundred NFT

The Hundred NFT is a collection of 10,000 exclusive NFTs. There are 3 levels due to the originally rarity: R(Rare), SR(Super Rare) and SSR(Specially Super Rare). R and SR can be leveled up to SSR via composition, transaction, minting, etc.

The Hundred NFT will be distributed through Whitelist(Pre-sale), Airdrop, and Public-sale.

Join the airdrop and whitelist here: wn.nr/2kH7LT

Hundred Market

The Hundred Market will open to all the users around the world. It will support the listing and advertising for those projects Hundred Fund invests in, and also games projects winning the vote of Hundred Guild by the traffic it attracts. And members can also trade game equipment in Hundred Market.Then it will build a positive ecosystem within the HundredDAO platform.

Hundred Guild

Hundred Guild is a Play-to-Earn gaming guild. Members of Hundred Guild collectively votes for what game to play, what game studios to cooperate with. It will provide a chatting tool for members to communicate and share experience for playing games.

For the games which need their original NFT as a ticket to play, users can use Hundred NFT as collateral on Hundred market and exchange for an aimed game NFT. Then they can play the game without buying new NFTs. They have Hundred NFT and can exchange others, it will lower the threshold of playing NFT games. All the rules and risk control system will make Hundred NFT a deflation model, so users will always enjoy play to earn on HundredDAO platform.

Hundred Fund

Hundred Fund manages funds from stakers and part of HundredDAO profits through Hundred NFT sales and transactions, and Hundred Guild earnings. The fund will be invested in Crypto, DeFi and NFTs which are voted by HundredDAO members. The profit will be divided into 2 parts: one part will be shared with stakers and DAO members and another part will be used to buy back Hundred NFT which will be a way for the exit mechanism.

“We hope that by establishing HundredDAO, we can find the exclusive 100 members with common goals to jointly build the community, and share all the profits we make. HundredDAO may not be the ultimate solution for GAMEFI and DAO, but we will continue working for the common wealth of the industry.” Said by the founder of HundredDAO.

HundredDAO provides a new perspective for the possibility of NFTs and we hope there may be more great projects in the market to bring the market greater ideas and vitality.

Website: https://www.HundredDAO.com/
Twitter: https://twitter.com/HundredDAO
Discord: https://discord.io/HundredDAO
Telegram: https://t.me/HundredDAO
Medium: https://medium.com/@HundredDAO

A new cryptocurrency that claims to be more fair, safe, and long-term debuted in trading recently. The virtual coin, called Silicoin(SIT) and forked from the Chia Network, advertises itself as “a fair and safe alternative” to Chia.

Despite their recent astronomical performance, cryptocurrencies are lately coming under fire for their massive carbon footprints. “Mining” virtual coins such as Bitcoin and Ethereum uses tons of energy as the machines behind these networks churn away at solving equations. For miners’ efforts—paying bills to operate powerful computers that confirm transactions on the blockchain, the distributed ledger technology underpinning cryptocurrencies—they receive coins as a reward (The process is called “Proof Of Work”). Thus, Chia presents an alternative to the status quo, relying on a process that it claims is far less energy-intensive than mining.

What is the Silicoin Network

Although Chia seems to provide many benefits, the price of XCH still crashed, and many miners have to sell SSDs and HDDs. On the other hand, we knew that there were monopolies by HPool and some big miners in Chia Network.

Therefore, we urgently need a more fair, timeproof, and safe decentralized network ecosystem. Thus, as the best supplement of Chia Network, Silicoin came into being.

Silicoin combines a solution to the flaws of traditional mining by forming a new and unique mining logic. It aims to balance PoW and PoS truly and meets the original intention of Bitcoin and Chia: to make mining with ordinary equipment happen and to have the blockchain genuinely decentralized. Simple understanding, Silicoin added the staking function based on the Chia network. Thus, Silicoin is an upgrade of Chia that has staking.

Till December, Silicoin has more than 85,000 blockchain addresses in the network, more than 20,000 members in the community, more than 1500 PiB Netspace(calculated according to the staking formula) in mining daily.

How does Silicoin work?

In the traditional process of producing blocks, the more plots miners have, the greater the probability that they will be selected to produce blocks. However, there is a big difference in Silicoin Network. In Silicoin consensus system, the Individual Difficulty of every miner could be lower by staking SIT. As we all know, the lower the difficulty coefficient, the greater the probability of being selected to produce the block. That is to say, the miners who stake SIT are easier to win the blocks.

The improvements of Silicoin work

Compared to Chia network, the miners will buy or keep more SIT for staking so that their mining income will be higher if they want to obtain higher returns. Then the staking will stimulate the demand for SIT tokens, and we can forecast that the price and value of SIT will keep rising in the long term. It solves Chia’s embarrassment – The price of XCH keeps dumping.

What’s more, the more plots Chia miners have, the greater the probability that they will be selected to produce blocks in the past. But in Silicoin network, the profit of the big miner who mines Silicoin without staking SIT is possible to be lower than the smaller miners who stake SIT more than the size of its plot. Therefore, it helps prevent the monopoly in mining and make a more miner-friendly environment for all Chia miners.

The future

Silicon’s economic logic finds the use case of its token – SIT avoids the monopoly of giants’ monopoly and helps many miners increase their profits. In other words, Silicoin solved two big challenges of Chia and found a new way for the mining industry.

The idea of Silicoin has the potential to reduce the egregious electricity costs that traditional protocols otherwise procure and makes SIT tokens integrate into its long-term ecosystem and form a complete economic circle. As a result, it is definitely far more attractive to miners than similar projects.

The future is expected, the future is came, the future is blockchain, the future is Silicoin.

A joint initiative of eight famous French wineries, through the development and construction of the Defi+NFT+Gamefi chain of superb ecology! This allows the French wineries to count the preferences of a huge number of wine loving users from all over the world!

The first eco-ecology “Rich Fruit Farmers” is here!

Everyone is a fruit farmer, everyone can get rich, hard work is the most reliable wealth!

The game is only a basic version and is still relatively thin. The model is simple and easy to replicate, accelerated by planting vines and buying organic fertiliser, highlighting the extremely good planting output capacity. It will also continue to serve every fruit farmer to get rich in the time to come!

Smart investors are going to rush to buy vines and then buy organic fertilizers so as to accelerate the generation of income as the returns are huge. With the superb input-output ratio of the Get Rich Fruit Farmer game, WINE sales are sure to keep breaking new highs in the future. This step will also lay the foundations for WINE’s entry into the metaverse infrastructure!

Rich Fruit Farmer uses the simplest and most effective way to enrich every participating farmer: 1.

1. Double market referral reward model for vines + organic fertilizer.

2. A model for farmers to grow vines with high returns.

We will focus on the GameFi field, as long as the GameFi is good and strong, the game will bring its own SocialFi function.

Social gaming is the future trend of social networking. This is the reason why traditional social software, such as Facebook, has lost its huge youth market. Social tribes are constantly being segmented, see the rise of Discord for example. The diversity of scenarios that games provide for social interaction strengthens the tribes, and games can bring more social interaction as a result.

Social gaming will be the way of the future.

The meta-universe will be the main battleground in the future “GameFi linked SocialFi race”.

We understand that for users and players, time is the most scarce resource.

We use the ultimate simple reward and income mechanism, the Wine Chain WINE token, to enable users and players to earn significant wealth while participating in farming.

After all, the growth of wealth is a common human desire.

Therefore, for those of you who are willing to invest your time in the Wealthy Fruit Farmers ecosystem, the best reward we can offer is real money.

We also understand: the only way to upgrade a massively multiplayer land buying, planting, picking and brewing game to a meta-universe is to generate enthusiasm for continuous participation from users and players.

The Future Wine Chain WINE ecology is dedicated to creating new possibilities for the meta-universe, and we will build the WINE meta-universe by revolutionising the social and gaming paradigm.

BSC Coinan Smart Chain! PancakeSwap to buy!

[WINE] Unique Contract Address: 0x89c7ff169050bd0b1ceadf55931811c2e806d5ab

Hello every one, the AMA starts now.

1. If there are multiple computers in one fingerprint, the pledge remains unchanged, but the number of pledged farmland in the computer wallet is the actual number of farmland, and the total number remains unchanged. Can a total number of pledges be shared by multiple computers? It should be that the number of farmland corresponding to the pledge has changed. The figure shows the total number of pledges in each wallet. It can be seen that different farmland corresponds to one pledge number, and each computer’s fingerprint farmland corresponds to the same total number of fingerprint pledges. If I open a virtual machine and divide it into n wallets for farming, will the income increase n times?

Separating wallets for farming will not increase revenue. The principle is straightforward. According to the address generated by the farmer public key of the plot file, the focus is clear. The stake to this address will be read when finding the proof and verifying the block. The balance of the address has nothing to do with the number of wallets.

2.The harvester mode can only be pledged to the wallet of the master node. The number of harvester farmland cannot be seen in the staking.

If you load the sit farm summary on the machine running the farmer service, you can see the number of plot files.

3. How timelord or other farmer verify that block winner or proof founder are not cheating the staking balance? please point out the part of code that do something like this verification.

The staking amount would affect the individual difficulty, which would affect VDF, the iteration of finding the proof. So basically, we don’t directly validate the staking amount, but validate the proof when receiving or syncing the blocks. You can find the code changes mainly in consensus folder.

4. Possible dev adding more info regard the difficult and netspace farming to show how many coin need to stake

Yes. It has been added into our schedule.

5. What about promised 1:1 split testnet- mainnet ?

Again and for the last time, Silicoin has never promised that tSIT will be exchanged for SIT 1:1. As mentioned in the earliest version of the whitepaper, all tSITs produced during the testnet phase will be exchanged for 500,000 SITs. Maybe some people had false information.

6. When do you expect to release a new whitepaper/roadmap and what changes should be expected？

At present, there will be no new changes to the white paper. However, about Silicoin’s roadmap and.future plan, please read this article https://www.sitnetwork.org/post/road-map-future-plan-_the-great-voyage-of-silicoin

7.You’ve done staking, people need SIT for getting better income, this way you get demand and high price on exchange. Sooner or later demand will drop after saturation of people staking wallets and this will drop SIT price too. What’s your next plans, will you support demand with other things, improvements or developments?

It is a good question. First of all, let’s talk about how the relationship between SIT’s future circulation and price may happen.As we all known, when the circulaion is more than netspace, the price of SIT is going to drop.

The initial premine is 1 million SIT but there are only 500,000 in circulation. Besdies,the daily output is 4608 SIT. It means the total mining output of 1st year is 1,681,920 SIT. So the maximum circulating 1 year later is around 2.1 millions.In other words,the price will not dump if the netspace could reach 2100 PiB. Honestly, it is not too difficult for Silicoin network to reach 2100PiB. Therefore, we can be optimistic that the price of SIT will be stay in a reasonable range.

However,staking should not be the only way that keep the price be stable. We must find the use cases for SIT as you mentioned. In fact, our team has made a plan since the mainnet launched.

1. We are exploring the possibility of using different addresses to stake. For example,A has 100 SIT but he dosnt has any plots. B has 100 plots but dosnt has SIT coins.If B could stake for A,then share the profits in a setted way, that it is cool, right? It could solve many problems such as the security of private key. But all this is still hypothetical. Our technical team has also made some proposals for this, but so far we have not found a solution that can be implemented.

2. Chia is very suitable for payment, Defi and NFT.Especially now that CAT is released,we will follow the pace of chia development and study how to merge these important functions into Silicoin.

3. NFT & GameFi is the most popular topic at the moment.Actually,there are some cooperation between Silicoin and other projects who focus on developing games on chain. We will make a statement after the cooperation is confirmed.

4. According to our whitepaper, we have a initail idea about the application node in step3. These nodes provides SIT mixing service and it will be an important use case for Silicoin in the future.

8. When will SIT finish SMART contract , DeFI . or something like that

I think it is a similar question with the last one. We are studying the codes of chia now and will merge them once we confirm there is no conflict with Silicoin. What we need to do at this stage is to found the underlying architecture of Silicoin and release more functions step by step in the future.

9.Why dont you list SILI on Binace exchange, Okex Exchange or Top 10 Exchange?

When SIT listed in trusted exchange? Citex is not tracked by coinmarketcap. I suggest small exchange but have “high confidence rating” in coinmarketcap like HOTBIT, LBANK, COINEX, or GATE.IO which already listed Chia.

We have also noticed the problem you mentioned.The marketing team is currently in the process of talking with some exchanges, and I believe there will be good news for everyone next month. In addition, our exchange listing plan is divided into three stages, gradually landing on larger and more popular exchanges.

The AMA today ends here. If you have other questions, please DM me. I will update the questions and answers on this channel.

A new cryptocurrency that claims to be more fair, safe and long-term debuted in trading recently. The virtual coin, called Silicoin(SIT) and forked from the Chia Network, advertises itself as “a fair and safe alternative” to Chia.

Despite their astronomical recent performance, cryptocurrencies are lately coming under fire for their massive carbon footprints. Mining coins such as Bitcoin and Ethereum uses tons of energy as the machines behind these networks churn away at solving equations. For miners’ efforts—that is, paying bills to operate powerful computers that confirm transactions on the blockchain, the distributed ledger technology underpinning cryptocurrencies—they receive coins as a reward (The process is called “Proof Of Work”). Thus, Chia presents an alternative to the status quo, relying on a process that it claims is far less energy-intensive than mining.

What is the Silicoin Network

Although Chia seems to provide a lot of benefits, the price of XCH still crashed and many miners have to sell SSDs and HDDs. On the other hand, we knew that there are monopolies by HPool and some big miners in Chia Network.

Therefore, we urgently need a more fair, timeproof and safe decentralized network ecosystem. As the best supplement of Chia Network, Silicoin came into being.

Silicoin combines a solution to the flaws of traditional mining, by forming a new and unique mining logic. It aims to truly balance PoW and PoS and meets the original intention of Bitcoin and Chia: to make mining with ordinary equipment happen and to have the blockchain truly decentralized. Simply understanding, Silicoin added the staking function based on the Chia network. Silicoin is an upgrade of Chia that have staking.

How does Silicoin work?

In the traditional process of producing blocks, the more plots miners have, the greater the probability that they will be selected to produce blocks. However, there is a big difference in Silicoin Network. In Silicoin consensus system, the Individual Difficulty of every miner could be lower by staking SIT. As we all know, the lower the difficulty coefficient, the greater the probability of being selected to produce the block. That is to say, the miners who stake SIT tokens are easier to win the blocks.

The improvements of Silicoin work

Compare to Chia network, the miners is going to buy or keep more SIT for staking so that their mining income will be higher if they want to obtain higher returns. Then the staking will stimulate the demand for SIT tokens and we can forecast the price and value of SIT will keep rising in a long term period. It solves the Chia’s embarrassment – Price of XCH keep dumping.

What’s more, the more plots Chia miners have, the greater the probability that they will be selected to produce blocks in the past. But in Silicoin network, the profit of the big miner who mines Silicoin without staking SIT is possible to be lower than the smaller miners who stake SIT more than the size of its plot. It helps to prevent the monopoly in mining and make a more miner-friendly environment for all Chia miners.

The future

In the Silicoin’s economic logic, it not only find the use case of its token – SIT, but also avoids the monopoly of giants and helps many miners increase their profits. In other words, Silicoin solves two big challenges of Chia and found a new way for mining industry.

The idea of Silicoin has the potential to reduce the egregious electricity costs that traditional protocols otherwise procure and makes SIT tokens integrate into its long-term ecosystem and form a complete economic circle. It is definitely far more attractive to miners than similar projects.

From the perspective of opportunity analysis, there is no other outlet that is hotter than cryptocurrency. High-speed investment income and profit growth provide motivation for the influx of the blockchain market. The predictable return of funds provides investors with protection and enthusiasm. Soaring. The wind has come, and actively embracing the trend is better than passively participating in the wave. Speed and timing are very important.

As we all know, the biggest advantage of USDT is that it can ensure that investors’ assets in the currency circle do not shrink with the market. It is equivalent to the same amount of U.S. dollars, 1USDT=1 U.S. dollar, making it a good choice in the volatile cryptocurrency market. Hedged tokens. BUT uses the USDT exchange channel as the entry point to establish an integrated digital economic ecology that is integrated with the existing blockchain ecosystem, and at the same time integrates digital asset management, transactions, financial services, cross-chain interaction, DApp distribution, etc. With multiple functions, BUT is also an application combination of DeFi+USDT.

In the future, BUT will continue to meet user requirements for various digital asset services. At the same time, it will integrate finance, transactions, new meta-universe ecology, chain games, public chain cold wallets, decentralized storage, data applications, and NFT art. The series of behaviors are aggregated in the landing application of BUT, standing on the highest point of the entire industry, creating a national blockchain application platform for all walks of life around the world, and achieving ecological prosperity under the support of the BUT payment underlying system!

In addition, BUT’s revenue mechanism is also a key point for attracting users to hold coins. The total amount of BUT issuance is 1 billion. Every user can participate in the BUT whitelist through a decentralized wallet. BUT whitelist users can get BUT tokens every day according to the amount of USDT in the decentralized wallet. The total whitelist user income is 3 100 million BUT (the more you deposit, the more you earn); BUT whitelist users can also get BUT candies by sharing, and the total candies is 200 million BUT (the more you share, the more candies); new users participate for the first time , Contact BUT official to get 10 TRX.

It can be seen from the distribution mechanism of BUT tokens that whitelist participants and promoters only need to deposit USDT through their own decentralized wallets to obtain BUT tokens, and participants do not have any investment risk. Participants and promoters work with the BUT community to promote the consensus of BUT in the global blockchain industry, so as to achieve the market value of BUT tokens.

This kind of operation mechanism of BUT is risk-free, ultra-low threshold, and no bubbles. Every participant in the system can benefit from the dedication and indirectly promote the development of the entire ecology. The amount of USDT in the user’s wallet complements BUT, etc. Value exchange, together to form an endless loop, the recommendation reward and profit mechanism create unlimited value-added and create an infinite loop route.

We also hope that with the new trend of BUT development, more members will join the BUT global community, look at the world with a new perspective, look at the blockchain, and jointly leverage the leverage of wealth!

Chia can be said to be the most popular mining coin this year. It is a powerful, fair and green project and many geeks be its crazy fans. Then a market with a scale of nearly trillions has been formed.