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Project Insight: Lyzi (Launching on Tezos)

As cryptocurrencies gain traction, the demand for innovative payment solutions grows.

Enter Lyzi, a crypto payment platform built on the Tezos blockchain, with its Initial DEX Offering (IDO) set for 05/05/2023 on Instaraise.

Lyzi’s vision revolves around a utility token, $Lyzi, engaging users with financial services, loyalty programs, and an inclusive lifestyle app.

Initially on Tezos, Lyzi plans multi-chain bridges with Ethereum, BNB Chain, and more.

Keep reading for an in-depth look at Lyzi ecosystem and their fundamentals.

Lyzi Application:

Lyzi is a crypto lifestyle app that allows users to make crypto payments, trade digital assets, and enjoy exclusive loyalty and cashback features for online and offline merchants.

Born from the merger of Fidly and Easy wallet, Lyzi is integrated with the Easy2Play network, enabling brands to accept crypto-payments directly via merchant point-of-sale systems.

Initially targeting the European market, Lyzi has global ambitions, with well-known retailers and brands like Lugh consortium, Arthurimmo.com, and Beaugrenelle Mall center already on board.

Lyzi Products:

Lyzi’s comprehensive suite offers a range of products for both end-users and merchants, creating a unique ecosystem to store digital assets, accept crypto payments, and enhance user experiences around Web3 services.

  1. Lyzi Pay: Users can spend crypto with low transaction fees, high security, and 1-5% cashback in $Lyzi tokens. Merchants can accept crypto payments and receive daily fiat settlements.
  2. Lyzi Loyalty: This next-generation loyalty program allows brands to create a dedicated token for their ecosystem, improving customer satisfaction and reducing management costs through blockchain-based interoperability and exchanges.
  3. Lyzi Display: Merchants can promote their stores and special offers directly within the Lyzi app, increasing visibility and customer engagement.
  4. Lyzi Earn: Users can participate in a global dynamic staking program with $Lyzi tokens, earning rewards by delegating tokens to Lyzi’s pools.
  5. Lyzi Trading: Trade cryptocurrencies within the app, with quick and easy access to purchasing and spending options through Lyzi’s merchant map.
  6. Lyzi Incentive Program: This referral program rewards users and merchants for promoting Lyzi’s services. Users can earn powerful bonuses in $Lyzi tokens for referrals, while merchants receive bonuses via credit vouchers or $Lyzi tokens. Recurring commissions are also available on affiliate trading fees.

Lyzi’s diverse range of products, combined with its strong referral program, aims to drive organic growth and adoption, establishing Lyzi as a leader in the crypto payment and loyalty space.

Lyzi Roadmap:

Lyzi has an impressive roadmap packed with upgrades and product releases.

Lyzi’s roadmap is ultimately aimed to enhance the user experience and expanding its reach in the crypto payment and loyalty market.

$LYZI Token Use cases

$Lyzi, the native token of the Lyzi ecosystem, has various use cases, each designed to enhance user experiences and incentivize participation in the platform.

  1. Cashback and Referral Commissions: Users receive $Lyzi tokens as cashback on crypto payments, incentivizing them to increase their visit frequency to the Lyzi merchant network. The token also serves as a reward for successful referrals in both user and merchant affiliate programs.
  2. Staking: Token holders can stake their $Lyzi tokens to earn extra rewards, helping maintain low selling pressure and encouraging long-term holding.
  3. Payment: Users can enjoy reduced transaction fees and exclusive cashback when making purchases with $Lyzi tokens. The platform supports various cryptocurrencies, including XTZ, BTC, ETH, and USDT, with plans to integrate more in the future.
  4. Loyalty: $Lyzi tokens serve as collateral for brand-specific loyalty tokens. Users can swap their loyalty tokens for $Lyzi tokens, while brands can hold $Lyzi tokens to reduce fees associated with running their loyalty programs.

Conclusion

Lyzi is set to revolutionize the crypto payment and loyalty market with its innovative ecosystem built on the Tezos blockchain. 

Lyzi aims to unlock new value in the digital economy by offering users and merchants a seamless, feature-rich platform.

The upcoming IDO on Instaraise launchpad presents an opportunity for investors to be part of Lyzi’s future growth.

Don’t miss out on the chance to participate in the Lyzi IDO. Whitelist for the IDO in just two easy steps➡️https://blog.instaraise.io/lyzi-ido-whitelisting-details-how-to-participate-in-the-lyzi-public-sale/

Stay connected with Instaraise and Lyzi on their social media channels:

Join Instaraise Community channel:➡️ https://t.me/Instaraise

Follow Instaraise on Twitter:➡️ https://twitter.com/Instaraise

Connect with Lyzi:

Twitter: https://twitter.com/Lyzi_app

Discord: https://discord.gg/lyzi-app

Website: https://lyzi.fr/

Telegram: https://t.me/Lyzi_us

For a deeper understanding of Lyzi’s ecosystem, explore the whitepaper: https://lyzi.fr/wp-content/uploads/2023/01/Lyzi-Whitepaper-EN.pdf

Get to know the team behind Lyzi: https://blog.instaraise.io/meet-the-team-behind-lyzi-core-team-advisors-and-business-partners/!

 

Categories
DeFi tools

$LYZI IDO Whitelisting Details: How to Participate in the $LYZI public sale

Lyzi IDO whitelisting

Welcome to our comprehensive guide on the upcoming $LYZI’s IDO (Initial Dex Offering) hosted by Instaraise on the Tezos blockchain!

In this blog post, we will provide you with all the essential information you need to participate in the IDO and secure your spot on the whitelist.

The $LYZI token, designed to enhance user experience within the Lyzi app, has numerous in-app use cases, including incentives, cashback, and more.

Don’t miss out on this exciting opportunity to become an early investor in the Lyzi ecosystem!

The $LYZI IDO is set to take place on the 5th of May, 2023.

IDO specifications

  • Total Token Count: 250,000
  • Amount of Token for Sale: 250,000
  • Total Amount to Raise (in XTZ and USD): $30,000
  • Price per Token (Public Sale): $0.12
  • Tentative Date: 4th May, 2023 – 5th May, 2023
  • Minimum investment in the sale: 100 XTZ

How to Whitelist for the IDO

The $LYZI IDO is a public sale which will be conducted on the  First come First serve basis.

However, to participate in the $LYZI IDO, you must first go through the whitelisting process.

Fortunately, the process involves 2 simple steps!

  1. Connecting Wallet to Instaraise Website:

connect wallet

  • Select your preferred wallet to connect
    Choose your wallet
  • Confirm the connection to complete the process.

Confirm wallet connection

Completing KYC:

Complete KYC

 

  • Fill in your preferred email address and the wallet address you added on the Instaraise website

  • Complete the steps shown on the screen to finish the KYC process.

Complete the steps

Once your KYC is approved, you are officially whitelisted and eligible to participate in the $LYZI IDO!

Participating in the IDO

Now that you have whitelisted for the $LYZI IDO, you are fully eligible to participate in the $LYZI IDO on 5th May.

The $LYZI Sale card will be updated on the Website few days before the IDO launch.

To participate and invest in the IDO, go to: https://www.instaraise.io/launchpad/IDO

Lyi IDO sale card

  • Click on “Enter sale” button in the Lyzi Sale card under “Ongoing sales” section

  • Here you can see all the details and specifications of the IDO
  • By clicking on “Join Pool”, a pop-up window will appear where you can add the amount you want invest.

  • Once you have filled the amount, click on “Confirm” and complete the transaction through you wallet.
  • Once you have confirmed the transaction, you have successfully invested in the IDO.

The tokens will then be reflected in your Wallet.

By following the steps outlined above, you can secure your spot on the whitelist and participate in the $LYZI IDO.

This exciting opportunity allows you to become an early investor in the Lyzi ecosystem and take advantage of the various in-app use cases provided by the $LYZI token.

Don’t miss out on this unique opportunity!

Join Instaraise Community channel:➡️ https://t.me/Instaraise

Follow us on Twitter at:➡️ https://twitter.com/Instaraise

Connect with Lyzi:

Twitter: https://twitter.com/Lyzi_app
Discord: https://discord.gg/lyzi-app
Website: https://lyzi.fr/
Telegram: https://t.me/Lyzi_us

What is Lyzi? Take a deep dive into the whole Lyzi ecosystem:https://lyzi.fr/wp-content/uploads/2023/01/Lyzi-Whitepaper-EN.pdf

Meet the Team behind Lyzi: https://blog.instaraise.io/meet-the-team-behind-lyzi-core-team-advisors-and-business-partners/

Categories
DeFi tools

Unveiling the $LYZI Token: Utility, Tokenomics, and Investment Opportunities for the Tezos Community

LYZI IDO and tokenomics

Welcome to our latest blog post, where we dive deep into the exciting world of Lyzi, a next-generation crypto payment solution app, and its native utility token, $LYZI.

As Lyzi gears up for its Initial DEX Offering (IDO) on Tezos through Instaraise IDO Launchpad, it’s time for the Tezos community and potential investors to get acquainted with the $LYZI token, its utility, and tokenomics.

In this comprehensive guide, we will introduce you to the $LYZI token and provide an in-depth look into its utility, the tokenomics behind it, the token burn mechanism, and the upcoming IDO.

$LYZI Token

$LYZI is the native utility token of the Lyzi ecosystem, serving as the backbone for various in-app use cases, including incentives, cashback, and more.

The token is designed to enhance user experience within the Lyzi app, and will be used, earned, and held in multiple ways by users and merchants alike.

Lyzi’s Connection to Tezos

As a crypto payment solution app, Lyzi is launching its Initial DEX Offering (IDO) on the Tezos blockchain through Instaraise IDO Launchpad.

By utilizing Tezos’ scalable and energy-efficient infrastructure, Lyzi aims to provide a secure, efficient, and versatile payment solution for the cryptocurrency community.

$LYZI Token Use-cases

Secure and Seamless Crypto Payments

$LYZI token will be used for cashback and referral commissions, incentivizing users to make frequent visits to Lyzi’s merchant network and pay using Lyzi Pay.

By offering cashback rewards and referral commissions, Lyzi aims to distribute and democratize $LYZI tokens throughout the community, encouraging users to adopt the app and spend their cryptocurrencies within the Lyzi merchant network.

Staking and Earning Rewards

Lyzi token holders can stake their tokens to earn extra rewards, helping to maintain low selling pressure.

Staking will be available for 3, 6, 9, or 12-month periods, with rewards distributed daily via staking.lyzi.fr.

Payment and Loyalty Benefits

Users can enjoy reduced transaction fees and exclusive cashback offers when paying with $LYZI tokens.

Additionally, the token will be used as collateral for brand-defined loyalty token emissions, allowing users to swap loyalty tokens for $LYZI tokens and enabling brands to hold $LYZI tokens for reduced fees on their loyalty program.

Tokenomics: Buyback, Cliff/Vesting, Unlock, Burn, and Staking

$LYZI tokens may be bought back with other assets like EUR, XTZ, BTC, ETH, USDT/C, BUSD, and TRON. Tokens will undergo a cliff/vesting period when they are frozen and cannot be transferred or received.

An unlock period will follow, during which tokens are released sequentially.

An evolutive burn mechanism will control the number of tokens sent to a burn address based on the number of transactions and usage within the ecosystem.

Vault and Cash Flow Management

Lyzi will exclusively manage a vault for various purposes, such as temporarily increasing staking returns, funding new projects for the ecosystem, and compensating for bugs or fixes.

Cash flow generated by the platform will serve as the liquidity source for Lyzi’s activities.

$LYZI Token Utility: Enhancing the App Experience

$LYZI token is designed to promote user engagement and will be utilized across various use cases, including payment & loyalty, trading, and financial services.

$LYZI token users can enjoy a range of benefits such as:

  • Discounted trading fees
  • Instant payment at supported Point of Sale locations listed on the LYZI Wallet
  • Reduced crypto payment fees
  • 1 to 5% cashback on purchases
  • Debit card subscription and SEPA operations
  • Exclusive NFT rewards
  • Access to the dynamic $LYZI staking program
  • B2B & B2C incentives for merchants
  • Backing loyalty token emissions on LYZI Loyalty
  • DeFi applications
  • Rewards for account services
  • Buyback & burn from fees
  • Loyalty point marketplace

Additional Utilities

The $LYZI token also offers other utilities to further enhance the user experience:

Pay and Use

  • Instant PoS solution for merchants
  • B2B and B2C loyalty programs for merchants
  • Expanding the Lyzi merchant ecosystem

Trading

  • Euro/Crypto exchange with competitive discounted fees
  • User-friendly swaps for seamless trading

Account Services

  • SEPA banking and Mastercard with cashback rewards
  • Lombard credit and cashback incentives

Earning Opportunities

  • Staking for passive income
  • Automated DeFi investments
  • NFT rewards for engagement
  • Referral programs and incentives for users and merchants

$LYZI Token-economics

Key Figures

  • Token supply: 550,000,000
  • Private Sale Price: $0.04
  • Initial Market CAP: $3,785,050
  • Private Sale Raise: $300,000
  • Fully diluted Market CAP: $66,000,000
  • Initial Circulating Supply: 31,542,083

ICO Phases

The ICO will take place in three phases:

  1. Private: Ended
  2. Public 1: 1.92% of the supply, or 10,540,000 tokens
  3. Public 2: 2.42% of the supply, or 13,310,000 tokens

The token price during the private sale is €0.04, €0.08 during Public 1, and €0.12 for Public 2. Multiple currencies will be accepted for the ICO.

Fee Distribution

Lyzi will charge a 0.80% to 3% transaction fee for each transaction made through the app. The collected fees will fuel the tokenomics as follows:

  • 80% to Lyzi:
    • 75% sent to the Vault
    • 25% sent to Lyzi’s Cashflow
  • 20% to the community:
    • 50% burned when the supply is > 500 M
    • 50% pushed to Incentive reserve (Staking, Cashback, Loyalty)
    • When supply is < 500 M, the burn table above applies, and the burn percentage changes according to the number of weekly transactions

Buyback Mechanism

Fees collected from payments made in various cryptocurrencies will be used for buybacks. Lyzi can either convert the collected fees into $LYZI tokens or keep the assets used for payment.

Buyback percentages may change depending on market conditions or during marketing events to promote token and crypto payment adoption.

Burn and Evolutive Burn

Burned tokens will be sent to a wallet without private keys, with a target of 50 million tokens to be burned. Once the target is reached, the burn will evolve according to the number of transactions to modulate the token’s deflation speed.

During this phase, the burn is realized using the transaction fees, with 20% reserved for the community, including the burn.

Dynamic Staking

Dynamic staking allows users to invest their $LYZI tokens in liquidity pools during one or more cycles (30 days each) to collect yields.

The total number of yield tokens available will be split among users based on time and the number of tokens locked.

The number of tokens available as rewards will gradually decrease, with Lyzi having the option to increase the total number of yield tokens before the period ends. Returns are calculated dynamically based on several factors and will only be available once a period is closed.

Vesting: Understanding the Release Timeline

Vesting is the process through which tokens are gradually unlocked and released over a predefined period.

This mechanism ensures that token holders cannot immediately sell or transfer their entire token allocation, thereby preventing potential market manipulation or sudden price drops.

The vesting release timeline is designed to maintain a healthy and stable token ecosystem.

For more details and In-depth Tokenomics and TOken utility for $LYZI, refer to Lyzi’s official Whitepaper: https://lyzi.fr/wp-content/uploads/2023/01/Lyzi-Whitepaper-EN.pdf

Mark Your Calendar

Mark your calendar and set a reminder for May 5th, 2023, as the day when the $LYZI token becomes available for public investment through the IDO on Instaraise IDO Launchpad. Don’t miss out on this opportunity to become a part of the growing Lyzi ecosystem.

For participating in the $LYZI token IDO, Whitelisting will begin this week, so keep an eye out for the announcement on our Instaraise’s Announcement on Telegram and Twitter channel

More details on the IDO participation process, including KYC process, allocation of tokens and contribution limits, will be shared soon.

Stay tuned for updates and make sure you follow the guidelines to secure your spot in the IDO.

Join Instaraise Community channel:➡️ https://t.me/Instaraise

Follow us on Twitter at:➡️ https://twitter.com/Instaraise

Connect with Lyzi:
Twitter: https://twitter.com/Lyzi_app
Discord: https://discord.gg/lyzi-app
Website: https://lyzi.fr/
Telegram: https://t.me/Lyzi_us

Meet the Team behind Lyzi: https://blog.instaraise.io/meet-the-team-behind-lyzi-core-team-advisors-and-business-partners/

Categories
DeFi tools Events

Introducing Artsale: INO platform by Instaraise

Artsale, Tezos first initial NFT platform (INO)

Greetings, NFT aficionados!

We’re beyond excited to introduce our forthcoming INO (Initial NFT Offering) platform, Artsale – a comprehensive solution designed for NFT artists and buyers alike.

At Artsale, our goal is to empower NFT creators and the entire NFT community by delivering a seamless and user-friendly crowdfunding experience.

In this blog, we’ll guide you through the concept of INO and showcase how our all-encompassing Artsale platform enables you to run pre-sales (INO), mint, and explore a diverse range of NFTs on Tezos.
Let’s jump right in!

What is an INO and how do artists benefit from it?

An INO, short for Initial NFT Offering, is a crowdfunding model inspired by the concept of Initial Coin Offerings (ICOs).

By selling a limited edition set of NFTs collection through the platform, INO offers genesis NFTs – the first generation of NFTs – allowing participating investors to capitalise on the inherent supply constraints.

This decentralised offering model addresses various challenges artists face while selling their NFTs, such as immediate liquidity while benefiting retail investors and early adopters with lower listing costs and early access to their desired NFTs

Introducing the Artsale Platform

Artsale is a comprehensive Self-hosted NFT pre-sale platform built on the Tezos Blockchain that enables users to Run Pre-sales, explore, and mint NFTs.

We’re committed to making INO easy and intuitive for artists with features that allow them to customize their NFTs, set prices, define start and end times of their sale, and establish minting limits.

How does the Artsale platform work?

Navigating through the Artsale platform is a breeze. In the main section of our Artsale website, you will be able to explore and mint NFTs, participate in the Pre-sales, search for specific NFTs, and filter them based on sale details and other parameters.

Artsale provides 3 main features which enable Creators & NFT Enthusiasts in:

🌐 NFT Discovery: More exposure to your NFTs with Instaraise

All the Pre-sale will be listed on the discovery page of the platform. Additionally, the pre-sales will be shared on Instaraise’s Twitter and Telegram channel to showcase your NFTs to a wider audience

💲 NFT pre-sale: Run Self-hosted NFT pre-sale in 2 simple steps

Launch pre-sale for your NFTs on Artsale in just 2 simple steps.

Complete your KYC and create your pre-sale.

That’s it!

🖨️ NFT Minting: Grab your favourite NFTs before it goes to the marketplaces

Once the pre-sale is over, the NFTs will reflect in the “Collectibles” section of the wallet of the pre-sale participants

Events, just for you!

Here are quick glimpses of the event that you cannot afford to miss!

💰Refer and Earn: An exclusive event for NFT enthusiasts to refer their favourite NFT artists and earn rewards in $INSTA tokens.
🐂NFT Bulls: Top NFT buyers and investors on the platform will be rewarded additionally based on a gamified leaderboard on Artsale.

Details regarding these events will be updated in upcoming days.

🚀Creating a Pre-sale for your NFT

Creating an NFT on our platform starts with an Account KYC process to ensure a fully transparent and vetted sale.

Once you’re done with the KYC, you can create a pre-sale by entering details such as the collection name, sale duration, NFT link configuration, pricing, and sale limits. 

After completing these steps, you’ll land on the sale status page, where you can verify your NFT details on the Tezos Blockchain explorer via a provided link, and your pre-sale is ready to go live!

Your NFT pre-sale will then be listed under the Projects section of Artsale website, making it easy for potential buyers to discover and participate in your sale.

You can also check the sale details and status by clicking on your sale card.

Artsale will be launched in upcoming weeks with exciting events specially organised for the NFT creators and buyers on the platform

All the event details and updates will be shared on Instaraise twitter channel.

Stay tuned for our upcoming launch and join us on this exciting journey to reshape the NFT landscape on the Tezos Blockchain!

Categories
DeFi tools Ecosystem Updates

This week on Tezos: News & updates from the Tezos Ecosystem (25/02/2023)

Welcome to “This week on Tezos” where we aggregate all the latest news and updates around the Tezos ecosystem and present it to you every week. Get all the information about the ecosystem at one place.

This week, we have several exciting developments and news items to share with the Tezos community

XTZ price update

Tezos (XTZ) has been making moves in the crypto market lately, standing out with its positive price gains while many other assets have remained stable. Over the last seven days, XTZ has seen an impressive 16.54% rally, surpassing major assets like Bitcoin, Ethereum, and Ripple. In fact, XTZ has been one of the top performers in the crypto space this year, with an overall gain of over 83% since the beginning of 2023.

While there are several factors driving XTZ’s price growth, one significant factor in recent days is the partnership between Tezos Foundation and cloud computing giant Google Cloud, which was announced on February 23.

Tezos <> Google Cloud partnership

Google Cloud will serve as a network validator on the Tezos blockchain as a result of a collaboration between Tezos and Google Cloud. With the news, users of the cloud computing company will be able to install Tezos nodes and create Web3 apps on the blockchain. This marks a major milestone for the Tezos blockchain.

By utilizing the Tezos blockchain and Google Cloud infrastructure, the collaboration will enable businesses and developers to host and implement Remote Procedure Call (RPC) nodes for Web3 apps.

Both new and current users of Google Cloud will have access to the organization’s workplace baking program thanks to the Tezos Foundation. Through the initiative, Tezos will make the deployment of nodes and indexers on the Tezos protocol simple for Google Cloud users interested in developing Web3 apps.

The partnership is also set to provide select Tezos incubator startups with Google Cloud credits and mentorship via the Google for Startups Cloud Program. This is a significant step toward achieving institutional adoption and mass-market opportunities for Web3 technology.

The collaboration comes after Google Cloud set up a special team for digital assets in January 2022 with the intention of promoting the development and expansion of the blockchain ecosystem. The team’s main goal was to help Google Cloud customers create, exchange, maintain, and introduce new products on blockchain-based networks.

Rarible supports NFTs from Tezos marketplaces

On Thursday, Rarible, a well-known non-fungible token (NFT) marketplace, announced that Tezos NFTs would now be supported on its aggregated marketplace. The action comes after Rarible recently declared that it would start aggregating listing from Polygon. Rarible’s aggregation utility will enable its users to buy Tezos-based NFTs from exchanges like Objkt, fxhash, Teia, and Versum.

According to Rarible co-founder Alexander Salnikov, the company decided to incorporate Tezos markets into its aggregation tool in an effort to attract fans who value sustainability as well as crypto-native artists. According to Salnikov, “Tezos is very popular among artist communities, among the exact community that Rarible started with” 

“Tezos landed with the most crypto-native culture … it’s a carbon-neutral chain, it is decentralized, it is more or less one of the chains that achieved scalability and lower transaction costs without compromising decentralization” said the company in a press release.

The Tezos community embraced the announcement as it gave them easier access to a wider audience in Rarible’s network. When it comes to creator rewards, Rarible and Tezos value creators equally. In a press release, the company said that Rarible and all other Tezos marketplaces respect creator royalties.

That’s it for this week! We will be back next week with fresh news and updates around Tezos ecosystem, in our next edition of “This week on Tezos”

Categories
DeFi tools

“This Week on Tezos”- News & updates from the Tezos Ecosystem

Welcome to the first blog post of “This week on Tezos” where we aggregate all the latest news and updates around the Tezos ecosystem and present it to you in a simplified language. Get all the information about the ecosystem every week in one place.

This week, we have several exciting developments and news items to share with the Tezos community.

XTZ’s impressive performance

First, let’s talk about the recent performance of the Tezos token (XTZ). In January, the price of XTZ increased by 40.20% to $1.18, making it a popular investment option among crypto enthusiasts.

Despite a slight dip in price, the overall trend has been positive, with a steady rise in trading volume. Many analysts believe that Tezos (XTZ) will experience further price increases in 2023.

Mumbai upgrade attracts more development to the ecosystem

The Mumbai Upgrade, Tezos’ 13th network upgrade, was launched this week and has received a positive response from the Tezos community.

With the Mumbai Upgrade, Tezos (XTZ) aims to enhance the capabilities of the network by adding several new features, including transfer tickets between accounts and a shorter block time of 15 seconds. The development activity of Tezos (XTZ) has increased over the past few weeks as a result of the Mumbai Upgrade

California DMV <> Tezos Partnership

Another exciting development for Tezos (XTZ) is its collaboration with the California Department of Motor Vehicles (DMV) and OXhead Alpha. Tezos (XTZ) will help the DMV establish a DMV-based blockchain platform, with the aim of digitizing car titles exclusively for California drivers.

The blockchain platform will also streamline title transfers between different car owners. The chief digital officer at California’s DMV stated that they could build a shadow ledger or duplicate of the title database on the Tezos (XTZ) blockchain.

Within a couple of months, Tezos (XTZ) and its partners will build consumer-facing applications, allowing California drivers to use digital wallets consisting of car title NFTs on the Tezos (XTZ) blockchain.

Revoult’s Staking services

Another major development in the Tezos ecosystem is the recent announcement by Revolut, a leading fintech company with over 25 million customers worldwide.

Revolut is rolling out a new staking service this week that will support the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Ethereum (ETH). Yields on these assets reach up to 11.65%, which is an attractive incentive for investors.

Tezos All-star circuit of champions in Fremont Speedway

Finally, we have exciting news for fans of motorsports. The Fremont Speedway has just released its 2023 season schedule, and it’s a good one for drivers and race fans.

The Tezos All-Star Circuit of Champions will make three appearances at the Fremont Speedway, including Ohio Sprint Speedweek and the traditional Jim and Joanne Ford Classic. This is a great opportunity for Tezos to showcase its cutting-edge technology in a fast-paced and exciting environment.

In conclusion, this week has been an exciting one for the Tezos community, with several major developments and partnerships that are set to drive growth and innovation. Whether you’re an investor, developer, or motorsports fan, there’s something for everyone in the Tezos ecosystem.

3,200 NFTs Giveaway!

Tezos India will be giving away a total of 3,200 NFTs at the upcoming India Art Fair 2023, 9-12 February

Starting on February 9th, visitors will have the opportunity to visit Tezos’ large-scale computational art installation called “Computational Convergence.” This showcase will feature one-of-a-kind generative NFT artwork created by artists Kartick Dondeti, Pixelkar, Aranya, and KALA.

Visitors can easily collect these NFTs, minted on Tezos Blockchain, directly through their smartphones while at the fair.

That’s it for this week! We will be back next week with fresh news and updates about Tezos in our next edition of “This week on Tezos”

Categories
DeFi tools Events

Insta Mascot NFT design contest- Unleash your creativity!

Are you an NFT artist? Are you the most creative guy in your circle? Do you have an eye of great imagination and hands of an artist? Do you want your art to be the face of Instaraise? If you have “Yes” as an answer for any of the above question then we have got some great news for you!

Instaraise is here with a great opportunity for NFT artists on Tezos to be a part of “Insta Mascot Design Contest”

How do you perceive Instaraise if it was a living being? A bull? A Deep sea fish? An alien from outer world loving the advance blockchain, Tezos? YOUR imagination is the limit!

Let your creative juices flow and design the best version of Instaraise Mascot.

Note: Please note that this contest is to create an NFT art, not minting an actual NFT.

Winners are in for $INSTA rewards and additional perks!

The winner of the Insta Mascot design contest will receive $50 worth of $INSTA tokens. But, That’s not it!

The winner will also be called upon to design the final Insta Mascot limited edition NFT series which will be minted live at the time of InstaDEX mainnet launch.

Also, there will be 2 runner ups arts which will receive $15 worth of $INSTA tokens each.

How to submit?

Follow the steps below to enter the contest:

  1. Follow Instaraise on Twitter and Telegram
  2. Retweet this tweet and share your art on twitter with the hashtag #MyInstaMascot and #Tezos to let us know that it is your entry. Also, include your Telegram Username in the tweet. Don’t forget to give your piece a title!
  3. Use this resource folder for Instaraise logo
  4. Submissions may come in JPG, PNG, or GIF (Max 50MB) OR MP4, MOV, WEBM, WMV (Max 100MB and limited to 3 seconds)
  5. Try to keep your design simple yet eye catching that matches the aesthetics and theme colours of Instaraise.

Entries will be accepted till 20th December,2022, after which the team will pick top-5 art designs.

The 3 winners will be chosen by the community via polls, which will run on official Instaraise twitter account and Telegram channel. This poll, along with the number of likes & Retweets on your entry on Twitter will determine the 3 winners of the contest!

Rules:

  1. Make sure to not copy your design from anyone else’s art, doing this will disqualify your entry
  2. Entries without hashtags will be unable to reach out and hence won’t be considered

We can’t wait to see what you come up with in your new Insta Mascot designs! Let your creativity take you to new heights!

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Impermanent Loss in DeFi- How Liquidity Providers Can Avoid It

Financial instruments exist to help individuals and institutions save, manage, and grow their assets. Yet many investors find themselves unhappy or lacking motivation to indulge in most of the traditional asset classes due to a variety of reasons, some of which includes issues with accessibility, associated costs and regulatory red tapes, large ticket sizes combined with low returns and more. All these factors have led them on a search for attractive alternatives, conveniently offered by DeFi.

Evolving from the technology underlying Bitcoin, followed by the introduction of the first ever programmable blockchain in the form of Ethereum, DeFi is the application of the very technology to create financial solutions. DeFi, short for Decentralized Finance, now provides a viable alternative to highly centralized traditional financial systems.

DEXs in DeFi

Powered by crypto assets, the applications of DeFi range from simple exchange/swap solutions to lending, insurance, and other yield generation instruments. It is open for everyone to participate, enabling them to invest and generate returns without the hurdles faced in traditional finance. In most DeFi instruments, users are always in control of their funds and play a crucial role in ensuring continued operation of these solutions.

Decentralized Exchanges – DEXs, play a pivotal role in the DeFi ecosystem. Its importance is underlined by their presence in native form on each of the many blockchain protocols out there. Apart from allowing users to exchange one crypto asset to another, they also pave the way for various other DeFi activities like staking and yield farming.

Liquidity Provisioning on DEX

For an exchange platform to operate, they need to have liquidity in the form of tokens for each crypto pair they support. Centralized exchanges maintain a huge liquidity pool composed of user deposits along with their own funds that enables uninterrupted exchanges and trades. However, in a decentralized context, there is no centralized pool. Instead, they rely on the community members providing liquidity by depositing their holdings into respective liquidity pools, in exchange for rewards.

Such a model, automated by smart contracts is known as Automated Market Maker model and the DEXs are called AMM DEXs. Few examples of AMM DEXs on different protocols include Uniswap on Ethereum, QuickSwap on Polygon, QuipuSwap and InstaDEX on Tezos and so on.

As Liquidity Providers (LPs), community members stake their crypto assets, usually in pairs, into the liquidity pools present in automated market maker (AMM) DEXs. Other users looking to exchange their assets can select the relevant token pair listed on the platform and deposit one of tokens into the smart contract to receive an equivalent value of another into their wallets to complete the swap process.

The deposited token gets added to the liquidity pool to affect the withdrawal and transfer of the other token from the same pool.

For their contribution to the ecosystem, LPs receive a portion of the transaction fees on swaps charged by the platform from its users as rewards. Sometimes, the LP tokens received by liquidity providers as a confirmation of their contribution to the pool can be deposited in certain DeFi farms to earn additional rewards.

While liquidity provisioning acts as an attractive passive crypto income generating activity, it is also associated with risks that could lead to LPs losing large sums of value, like rug pulls, flash loan attacks and impermanent loss- the latter of which can be avoided or mitigated with the right information.

The saying “the greater the risk, the greater the reward” applies even more for a segment as volatile as cryptocurrency but a smart investor usually works around the risks present to make steady profits in the long run.

What is Impermanent Loss in DeFi?

Impermanent Loss is an unrealized loss that LPs only notice upon withdrawing their asset pairs from liquidity pools. It refers to a reduction in the dollar value of these staked assets as compared to their dollar value if the LPs just held on to them. By deciding to not withdraw their assets and wait it out instead, there’s a chance that the loss could correct itself- hence named ‘impermanent’.

How Impermanent Loss Occurs, With an Example

It would obviously make more sense to explain such a technical concept with an example that will aid in understanding better.

Let us say, a liquidity provider, LP1 decides to provide liquidity to a 50:50 ETH/DAI pool on Uniswap. The person stakes 10 ETH at a price of $1000 per token and an equivalent value of 10,000 DAI to secure a 10% stake in the pool containing a total of 100 ETH and 100,000 DAI.  Following LP1’s contribution, a user decides to swap 50,000 DAI to 50 ETH from the pool. Following the swap, the liquidity pool will have 50 ETH and 150,000 DAI.

Meanwhile, let us assume an increased demand for ETH in the market drives its value by 2x to $2000 per tokens. At this time, if LP1 were to withdraw their staked assets, which is 10% of the pool value at that moment, they will receive 5 ETH and 15,000 DAI valued in total at $25,000.

If the person had held on to the assets without contributing to the pool, it would have been worth $30,000 ($20,000 in ETH and $10,00 in DAI). By contributing and withdrawing from the liquidity pool, LP1 experienced an effective impermanent loss of $5,000.

Those who provide liquidity for highly volatile assets are at a higher risk of losing value due to the occurrence of this phenomenon. However, by keeping in mind a handful of suggestions and playing it smart they can prevent the loss of any value or at least minimize it.

Ways to Avoid Impermanent Loss

Liquidity providers can make use of multiple options provided by DeFi platforms to minimize the magnitude as well as risks of impermanent losses. Some of the tried and tested strategies include participation in yield farming, providing liquidity for stablecoin pairs or low-volatility pairs, opting for flexible pool ratios and single asset liquidity provisioning.

Yield Farming

The best form of defense is offense and LPs can be on the lookout for farming programs offered by the same protocols offering the liquidity pools. By farming the proceeds received from the pools, they can bag considerable yields that are often large enough to offset impermanent losses whose occurrence can sometimes be inevitable. A risky strategy, it is something that seasoned investors should give a try.

Stablecoin Pairs

For those wanting to play it safe, staking stablecoin pairs is the way to go. As the name suggests, the value of stablecoins remains mostly constant albeit for minor fluctuations at times. The absence of volatility with such token pairs makes the chances of dealing with impermanent loss quite low (very slight fluctuations in the value of these coins do occur sometimes).

As the least risky way to provide liquidity, one can expect to earn profits from trading fees depending on the demand for these tokens.

Low Volatility Pairs

The returns on liquidity provisioning for stablecoin pairs may be on the lower end and the next best alternative is participation in pools consisting of low-volatility crypto pairs. At a slightly elevated risk potential, users can stake their assets in such pools being assured of minor price variations between each other. They can choose to invest in those pairs that exhibit similar price fluctuations, in the same direction to evade potential losses.

Flexible Pool Ratios

For those with a greater risk appetite and keen on providing liquidity for assets that are on the more volatile side, liquidity pools that offer flexible ratios balance out the risk. Pools in popular AMM DEXs like Uniswap follow the 50:50 ratio and keep the total value of the pool constant using algorithms. However, such ratios are known to cause impermanent losses frequently.

Instead, pools where one asset has a huge weightage as compared to the other reduces and can prevent such losses. For example, certain DEXs consist of popular pools that allow users to stake token pairs at 80:20, or even 98:2 ratio. re of the ratio 80:20 or even 98:2. Any impermanent loss experienced is minimal and can be easily offset by transaction fees.

Single Sided Liquidity Pools

Pools with flexible ratios like 98:2 prevent users from facing greater exposure to the volatility of two different assets at the same time. A new breed of DEXs led by Bancor – the first protocol to deploy the AMM algorithm providing for single sided liquidity pools, followed closely by InstaDEX on Tezos ecosystem take liquidity provisioning to the next level by allowing LPs to stake and maintain complete exposure to one single asset.

Such protocols also offer protection from the impermanent loss incurred with single asset liquidity provision- a great incentive to provide liquidity to the platform. Therefore, LPs can hold their assets in the pool for long periods of time, generating passive returns in the form of trading fees, staking rewards, and compounding yields.

Investing in Single Sided Liquidity Pools

Liquidity providers can begin to invest in single sided liquidity pools by staking a volatile asset. Meanwhile, as a market maker, the protocol or other users co-invests an equivalent amount of its native tokens and charges fees on its stake until the LP withdraws their asset at which point the co-invested tokens are burnt.

The fee collected is used by the protocol to cover any impermanent loss that LPs face in these pools. Moreover, LPs can also stake these native tokens that they own on the other side of the single asset provision pools. These tokens replace those staked by the protocol which are burnt.

Single Asset Liquidity provisioning pools on InstaDEX– the first platform on the Tezos blockchain to offer Bancor like features allows users to stake any asset of their choice on the relevant liquidity pool for efficient utilisation of the user’s portfolio.

Further, the impermanent loss protection insurance offered by InstaDEX covers LPs from potential impermanent losses after a minimum staking period of 100 days. The insurance fills the difference in value of assets in case of impermanent losses during the time of withdrawal to ensure the LP doesn’t lose any value by contributing to the ecosystem.

Conclusion

Impermanent loss is a by-product of all the advantages offered by DeFi. In the existing conventional AMM structure, it may be unavoidable, but there are always options available for consideration to minimize or overcome it.

With InstaDEX, Instaraise has devised single asset staking and impermanent loss protection insurance as a way to ensure the community is encouraged for their efforts and not penalized by forcing them to accept impermanent loss under volatile market conditions.

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DeFi tools

Building on Tezos: More Reasons than One Can Imagine

Building on Tezos

With blockchain ecosystems getting vibrant and versatile, more users are getting captivated by all they have to offer. However, slow speeds and expensive fees throughout the industry are causing them great inconvenience despite a slew of great applications created by developers. What is needed is a blockchain that is faster and more affordable to use.

Main Takeaways

  • Tezos is a decentralized ledger system that uses an altered Proof-of-Stake consensus mechanism called the Liquid PoS, which allows for quick throughout and increased efficiency.
  • Tezos is a future-proof protocol that can be constantly updated to meet the changing industry needs. The good part, these upgrades can happen in the background without the hassles of forking
  • Updates like Jakarta 2 and every single one before it have been crucial to its development. It has been adopted by major institutions and brands thanks to its superior performance

 

Tezos was conceptualized and created to do precisely what users want out of a blockchain- high levels of security, lightning-quick speeds and low costs. Despite facing setbacks early on, it has always been a highly utilized protocol.

Famous brands, institutions, artists and even nation-states that are understanding the importance of blockchain technology are utilizing it. It has shaped to be a great platform for developers to build their projects on.

What is Tezos?

The world’s first self-amending protocol, Tezos (XTZ) is a decentralized network built to be upgradable and offer high scalability. It is designed to limit the chances of having hard forks because of community differences.

By bringing governance on-chain, it is highly democratic by design. It is known to achieve high scalability and has successfully finalized over 1000 transactions per second thanks to its recent updates.

Tezos’s support for smart contracts has led to developers building a huge variety of decentralized applications on the network that rival the dApps ecosystem of other famous blockchains while charging users a fraction of the fees they charge.

Tezos was built keeping in mind the future of blockchain technology and is pioneering the evolution of Web3 which reflects in its mass adoption by users and developers alike. It has done so despite its past being filled with roadblocks- which it has overcome successfully.

Going Back to the Origins

A whitepaper stating the fundamentals of the Tezos network was published in 2014 by Arthur Breitman under the pseudonym L M Goodman.

The creation of the decentralized network would later begin by him and his wife Kathleen Breitman keeping in mind the tokenomics, smart contract implementation and style of governance- all of which have played a huge role in making it thrive.

In 2017 during the ICO boom, with the help of Johann Gevers- the then president of the Tezos foundation– Tezos raised over $200 million thanks to its ICO.

A power struggle between the Brietmans and Gevers would later ensue leading to the delay in the distribution of coins to investors. This caused the investors to bring a class-action lawsuit to the parties involved with the blockchain that would eventually be settled for $25 million in 2020.

Despite facing hurdles behind the scenes, Tezos has constantly been gaining a large developer base that is helping in building one of the fastest-growing decentralized networks- mainly because of how it’s designed to work.

How Does it Work?

Tezos is a decentralized ledger system that uses an altered Proof-of-Stake consensus mechanism called the Liquid PoS, which allows for quick throughput and increased efficiency.

This makes it ideal for NFTs, smart contracts, and decentralized applications. Its smart contracts are written on Michelson- a programming language made specifically for Tezos smart contracts. They essentially power the functioning of the entire ecosystem and are the logic upon which it is built.

Why Build on Tezos? A Good Question

Tezos offers plenty of reasons for the community to choose it over others. As the first-ever self-amending protocol Tezos is a future-proof protocol that can be constantly updated to meet the changing industry needs.

The good part, these upgrades can happen in the background without the hassles of forking, etc., ensuring an uninterrupted operation of projects built on the protocol. A few other things to consider while picking Tezos include:

Proof-of-Stake

Tezos’ consensus is based on the Liquid PoS mechanism. Validators referred to as ‘bakers’ are allowed to validate each block based on staking a minimum amount of XTZ- the blockchain’s native cryptocurrency pronounced as Tez that functions as its utility and governance token.

A minimum of 6,000 XTZ, called the roll amount (reduced from 8,000 XTZ after the ‘Tenderbake’ upgrade) must be staked to qualify as a baker. They are chosen to validate blocks at random.

However, the higher the stake, the greater the chances of being chosen. They are rewarded with transaction fees in XTZ as remuneration for their efforts. Moreover, users can also delegate their tokens to them in return for rewards proportional to their delegated amount.

Energy Efficient

Unlike Proof-of-Work blockchains, Tezos with its PoS mechanism is highly energy-efficient and is touted as a green blockchain. Instead of staking processing power which uses a lot of energy, bakers stake XTZ in order to finalize blocks that make it highly energy efficient.

Tezos is being looked at as the blockchain of choice for many brands and companies for various reasons- one of which is its low carbon footprint.

Institutional Grade Security

Another reason Tezos is the blockchain of choice is its high levels of security with which it wards off attackers. It is built on OCaml– an industrial-strength programming language that is relied upon by the likes of Facebook and Microsoft.

Moreover, Michelson, a low-level language that is made for developing smart contracts on Tezos offers great levels of code correction preventing bugs and errors which results in the development of highly secure contracts.

Governance by the People

Tezos is one of the few blockchains that provides high security, decentralization, and scalability together. It takes decentralization with respect to governance a step further. It brings governance onto the blockchain, unlike others that employ an off-chain governance structure.

Users who stake their XTZ are allowed to vote on changes that are proposed to the community and help in amending the network. The weight of each vote depends on the number of XTZ staked by the baker. Therefore, users can decide to stake their tokens in nodes that are voting in favor of them.

Token holders that are not bakers can also be a part of the amendment process this way. Tezos is the blockchain with the highest number of tokens staked- 76% of all XTZ in current circulation, which shows that it is truly governed by the people and is truly decentralized.

Powerful and Scalable

Due to its on-chain style of governance, the community can introduce updates for the better functioning of the network that are voted upon by stakeholders.

Over the years, based on stakeholder voting it has been able to bring about upgrades that have helped in improving its functionality. Tezos is built to scale, and its powerful architecture has been harnessed to efficiently enhance its performance leading to a flourishing ecosystem of applications.

The Ecosystem

The Tezos ecosystem houses all kinds of decentralized projects from DeFi to NFTs. It is being built by a group of developers and creators who are bringing cutting-edge innovation to the table.

Quipuswap, a decentralized exchange is one of Tezos’ biggest exchanges and provides liquidity pools that users can interact with for various purposes like borrowing, flash swaps, and yield farming- the latter of which allows users to earn huge amounts of APY on their investments.

The Wrapped Platform allows for users to wrap Tezos incompatible tokens and use them on the blockchain. The introduction of wrapped tokens has made it so much easier for tokens from other chains to interact with Tezos, bringing in a huge influx of users.

Kolibri, a stablecoin project lets users convert their tokens to stable crypto assets and use it for purposes like trading and storing assets since they have a stable value. They are also helping people that are not fans of volatility to enter the cryptocurrency world.

InstaDEX, a product of Instaraise – the first of its kind decentralized fundraising and incubator platform on the Tezos ecosystem is set to take the Tezos ecosystem by storm. As a part of the Instaraise V2.0 initiative, the team is bringing together all the DeFi components necessary to deliver end-to-end launchpad solutions for projects building on Tezos.

InstaDEX incorporates many Tezos-first features including single asset liquidity provisioning and impermanent loss insurance among others.

In addition, InstaDEX is also exploring the possibility of implementing cross-chain compatibility to enable the ecosystem projects to spread their wings beyond Tezos, driving liquidity and users to Tezos in the process. Instaraise has played a crucial role in enabling a few well-known projects to gain a foothold in the ecosystem as a part of its launchpad program.

NFTs

The Tezos ecosystem is also home to large NFT marketplaces that sell collections that are highly popular among enthusiasts.

The NFT marketplace Hic Et Nunc is the biggest of its kind on the blockchain and even beat the likes of OpenSea in trading volume for a limited period in May 2021. Tezos also houses Quincy Jones’ NFT platform- OneOf built specifically for the music industry.

With the rise of NFTs also came great concern due to environmental impacts caused by PoW blockchains. However, Tezos has helped in mining clean and green NFTs which is attracting a lot of creators to the platform. NFT collections on this blockchain possess total volumes in the millions of dollars, showing how influential its NFT ecosystem has become.

Recent Tezos Updates

Tezos has been on a roll this June. Firstly, it has partnered with Ethereum and added a cross-chain bridge that will officially allow the flow of certain tokens with increased speed between the two blockchains. Later this month it also introduced its 10th and newest upgrade- Jakarta 2. It seeks to fix the bugs that were present in its last update called Jakarta.

Thanks to community governance, Tezos has been able to grow by leaps and bounds. Updates like Jakarta 2 and every single one before it have been crucial to its development.

It has been adopted by major institutions and brands thanks to its superior performance. It was chosen by the French central bank in 2020 to power its digital currency- the Central Bank Digital Currency that will represent the bank’s Euro trails. Brands like McLaren Racing have also partnered with Tezos on multi-year deals and are releasing rare and collectible NFTs minted specifically on this blockchain.

Such trends are indicative of the fact that more institutions and brands are going to hop onto the network due to its ability to foster great development and innovation.

These reasons are more than enough for Instaraise to be on Tezos and help other projects choose the Tezos protocol over everything else.

At Instaraise, we intend to make the best use of all available features and give back by supporting more projects to realize their vision. 

To learn more about Instaraise, check us out on our website or follow us on Medium, Twitter, and Telegram