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Welcome to the Universal Wallet and Exchange, Digixdao.
If you thought about holding or exchanging DGD Token, now you can do so directly with your HolyTransaction Universal Wallet.
It’s now possible to add DGD wallet to your dashboard and use it to access and exchange 26 different crypto, instantly. Everything in one account.
Now you are free to store DGD on HolyTransaction, transfer them to any other wallet, and make crypto-to-crypto transfers from and to DGD. All HolyTransaction customers can create a new address for their own DGD Token Wallet.
DGD Wallet features
Just like Bitcoin and all the other 25 digital currencies supported, you can now:
• Send DGD Token to any address, even to addresses of other crypto, with instant conversion on the fly;
• Receive transactions;
• Exchange DGD Token with any supported coins;
• Make instant transactions between HT users;
• Get real time exchange rates on the website;
• Set OTP for additional protection.
If you are not able to see your newest DGD Wallet, you just need to click on the “plus” button on the top right of the balance page, once you successfully login into your own wallet.
About DigixGlobal and DigixDAO:
DigixGlobal is the first organization built on Ethereum that tokenizes physical assets onto the Ethereum blockchain, specifically 99.99% London Bullion Market Association (LBMA) approved Gold bars through our Proof of Asset (PoA Protocol). They anticipate that synergies amongst all Decentralised Applications (DApps) on Ethereum will eventually lead to an increased volume of Digix Gold tokens.
DigixDAO is a suite of smart contract Decentralized Autonomous Organization (DAO) software created and deployed by DigixGlobal on the blockchain, and aims to work with the community to govern and build a 21st century gold standard financial platform on Ethereum. It wants to establish a standard in being an open and transparent organization using the power of Ethereum smart contracts, such that DigixDAO token holders can directly impact decisions dedicated to the growth and advocacy of the DigixCore Gold Platform. In return, token holders are able to claim rewards of transaction fees on DGX from DigixDAO every quarter on the Ethereum platform.
All raised Ethers will be kept in a publicly disclosed Ethereum address. The DAO will have a project pledging mechanism in place, where token holders are eligible to pledge their approval /rejection of project proposals suggested by DigixGlobal, before any of the raised ETH can be unlocked from the DAO’s multisignature contract wallet.
DigixDAO wants the community to directly influence the allocation of raised ETH in a transparent manner. All project proposals will be uploaded onto the InterPlanetary File System (IPFS) and is publicly available. Token holders will get to pledge their support for projects on the blockchain before any of the cryptocurrency raised can be released to DigixGlobal.
They predict that their product will revolutionize the digital gold industry by providing an open and transparent asset backed token on Ethereum.
A selection of key terms for understanding:
DigixDAO Token (DGD): DGD Token entitles you to pledge for project proposals at Digix and allows you to claim a reward on transaction fees collected on the system every quarter. They are divisible to 9 decimal placings and are transferrable.
Gold Asset Ownership Card: A digital Gold asset card issued to the purchaser of a Gold bar as listed on the Digix Web Application marketplace.
Pledging: Every DGD token automatically entitles the holder to pledge on proposals that are submitted by Proposers or Digix Developers. Your pledge significance is directly proportional to the amount of DGD tokens held in your ethereum address.
Proposer’s Badge: The Proposer’s Badge entitles the Proposer to formally propose a project or a feature he/she will like to see on the Digix platform. For example, it could be as simple as an add-on button feature, a live Gold visual chart or an additional product offering. Proposer badges also allow you to vet on other Proposer’s projects. Proposer badge significance is directly proportional to the number of badges you hold in your ethereum address. Proposer badges are different from pledging.
Number of DigixDAO (DGD) tokens in existence:
2,000,000 DGD tokens.. DGD Token ownership is transferable to anyone who has an Ethereum Wallet.
Source: https://bravenewcoin.com/assets/Whitepapers/digixdao-info.pdf
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Ethereum Hard Fork to prevent another DAO collapse
A new Ethereum Hard Fork to prevent attacks
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Why the Ethereum DAO collapse is good for the cryptocurrency
” width=”400″ height=”232″ border=”0″ />The news of the Ethereum DAO hacker attack is riding high and of course it brings lots of damages for the ethereum investors who stored about $150m of the cryptocurrency.
Universal Wallet
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Why the Ethereum DAO collapse is good for the cryptocurrency
The news of the Ethereum DAO hacker attack is riding high and of course it brings lots of damages for the ethereum investors who stored about $150m of the cryptocurrency.
Ethereum DAO: what happened?
Universal Wallet
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Decentralized Finance and AI Agents: A Game-Changing Partnership
The world of decentralized finance (DeFi) is rapidly evolving, bringing new ways to manage money, access financial services, and grow wealth without relying on traditional banks. At the same time, artificial intelligence (AI) is making waves across industries with its ability to analyze, predict, and automate. What happens when these two cutting-edge technologies come together? Enter AI agents in DeFi—a partnership that could redefine the way we interact with financial systems.
What Are AI Agents in DeFi?
First, let’s break it down. AI agents are software programs powered by machine learning and AI algorithms. These agents are designed to operate autonomously, making decisions and performing tasks without constant human supervision. In the context of DeFi, AI agents analyze market data, automate transactions, detect risks, and even manage entire portfolios.
Imagine an AI agent that acts as your personal financial assistant, monitoring your DeFi investments, identifying lucrative yield farming opportunities, and executing trades—all while you sleep. Sounds futuristic? It’s already happening.
How AI Agents Enhance DeFi
1. Automating Trading and Investments
AI agents excel at handling repetitive tasks like trading and investment management. With real-time data analysis, they can spot market trends and execute trades at lightning speed, often outperforming human traders. Whether it’s rebalancing a portfolio or capitalizing on arbitrage opportunities, AI agents are reshaping how trading works in DeFi.
2. Optimizing Yield Farming
Yield farming—earning rewards by providing liquidity to DeFi protocols—is popular but complex. AI agents simplify the process by analyzing market conditions, calculating potential returns, and moving funds to maximize yields. They make it easier for both newcomers and seasoned investors to participate in this lucrative space.
3. Improving Security and Fraud Detection
The decentralized nature of DeFi makes it a target for scams and fraud. AI agents use machine learning to detect anomalies in transaction patterns, flagging suspicious activities in real time. By enhancing security, AI agents build trust in the DeFi ecosystem.
4. Enhancing User Experience
Navigating DeFi platforms can be daunting, especially for beginners. AI agents provide personalized guidance, explaining options, and helping users make informed decisions. For example, an AI agent might suggest the best staking pools based on your risk tolerance and goals.
5. Streamlining Governance
Many DeFi platforms operate with decentralized governance, where token holders vote on changes. AI agents can analyze proposals, predict their impact, and even suggest improvements, making governance more efficient and data-driven.
Challenges in the AI-DeFi Intersection
As promising as it sounds, integrating AI agents into DeFi isn’t without challenges.
– Data Quality and Bias
AI agents rely on data, but if the input data is flawed or biased, the results will be too. Ensuring accurate and unbiased data in a decentralized system is a major hurdle.
– Ethical Concerns
Should an AI agent have the power to influence financial decisions autonomously? Questions about accountability and ethical use arise when machines are given control over money.
– Regulatory Uncertainty
DeFi operates in a gray area of regulation, and AI adds another layer of complexity. Governments are still figuring out how to regulate blockchain and AI technologies, and their convergence creates uncharted territory.
– Security Risks
While AI agents can enhance security, they can also be targeted by hackers. A compromised AI agent managing significant assets could lead to catastrophic losses.
Real-World Applications of AI in DeFi
Let’s look at some real-world examples where AI agents are already making a mark in DeFi:
1. Yield Protocols
AI-driven platforms like Yearn Finance use algorithms to optimize yield farming, moving user funds between lending protocols to maximize returns.
2. Fraud Detection Tools
Projects like CertiK integrate AI to audit smart contracts and detect vulnerabilities, protecting DeFi users from malicious exploits.
3. Portfolio Management
Platforms like Shrimpy and TokenSets allow users to create AI-powered portfolios that automatically adjust based on market conditions.
These examples show that AI agents are not just theoretical—they’re actively improving the DeFi ecosystem.
Why This Matters for the Future
The integration of AI agents in DeFi has the potential to democratize finance. By automating complex processes, AI agents make DeFi more accessible to everyday users. They reduce the barriers to entry, allowing more people to participate in decentralized financial services.
Moreover, the efficiency brought by AI can lead to higher returns and safer platforms, attracting institutional investors. This influx of capital could further legitimize DeFi and accelerate its adoption worldwide.
What’s Next?
As both AI and DeFi continue to evolve, we can expect even deeper integration. Future AI agents might:
– Predict macroeconomic trends to guide investment strategies.
– Facilitate cross-chain transactions seamlessly.
– Enable fully autonomous decentralized organizations (DAOs) that operate without human intervention.
These advancements could blur the lines between traditional finance and DeFi, creating a hybrid system that combines the best of both worlds.
How to Get Started
If you’re intrigued by the possibilities of AI agents in DeFi, start small. Explore platforms like Yearn Finance or TokenSets to see how automation works in practice. As always, do your research and understand the risks before diving in.
And don’t forget to keep an eye on emerging projects. The AI-DeFi space is moving fast, and staying informed is key to leveraging its opportunities.
The partnership between AI and DeFi is unlocking a new era of financial innovation. By automating tasks, enhancing security, and simplifying user interactions, AI agents are making DeFi smarter, safer, and more accessible. While challenges remain, the potential benefits far outweigh the risks.
So, whether you’re a crypto enthusiast or a curious observer, the fusion of AI and DeFi is a space worth watching. The future of finance is decentralized, intelligent, and full of possibilities.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Decentralized Science: A Paradigm Shift in Funding and Fostering Breakthrough Ideas
As we navigate the complexities of the 21st century, the confluence of technology and science continues to redefine the boundaries of innovation. One such intersection is the advent of decentralized science (DeSci), an emerging paradigm that promises to revolutionize the way we fund and develop breakthrough ideas. By leveraging blockchain technology, DeSci aims to democratize scientific research, enhance transparency, and foster a more inclusive ecosystem for innovation.
The Traditional Model of Scientific Funding: Limitations and Challenges
The traditional model of scientific funding, predominantly driven by government grants, private foundations, and corporate sponsorships, has long been fraught with challenges. These include bureaucratic red tape, limited funding pools, and potential conflicts of interest. The competitive nature of grant acquisition often leads to a focus on safe, incremental research rather than bold, groundbreaking ideas. Moreover, the centralization of funding decisions can result in a lack of diversity in the types of research that receive support.
Enter Decentralized Science (DeSci)
Decentralized Science, or DeSci, seeks to address these limitations by utilizing blockchain technology to create a more equitable and transparent system for funding and conducting scientific research. At its core, DeSci leverages the principles of decentralization, open access, and community governance to empower researchers and innovators.
Key Features of DeSci:
1. Blockchain-Based Funding Mechanisms: By using blockchain technology, DeSci can facilitate peer-to-peer funding models. Researchers can directly connect with donors, bypassing traditional gatekeepers. This not only democratizes access to funding but also ensures that contributions are traceable and transparent.
2. Tokenization of Research Contributions: In a DeSci ecosystem, contributions to scientific research can be tokenized. Researchers, peer reviewers, and contributors can be rewarded with tokens that represent their stake in the project. This creates a decentralized incentive structure, encouraging collaboration and ensuring that credit is fairly distributed.
3. Decentralized Autonomous Organizations (DAOs): DAOs play a crucial role in DeSci by enabling community governance of scientific projects. Members of a DAO can vote on funding proposals, research directions, and other critical decisions, ensuring that the community has a direct say in the advancement of science.
Advantages of DeSci
1. Enhanced Transparency and Accountability:
Blockchain’s immutable ledger ensures that all transactions and contributions are publicly recorded. This enhances transparency and accountability, reducing the potential for fraud and ensuring that funds are used as intended.
2. Democratization of Funding:
DeSci opens up funding opportunities to a broader range of researchers, including those from underrepresented and marginalized communities. By removing traditional barriers, DeSci fosters a more inclusive and diverse scientific community.
3. Incentivized Collaboration:
The tokenization of research contributions encourages collaboration and the sharing of knowledge. Researchers are incentivized to work together, pooling their expertise to tackle complex problems.
4. Accelerated Innovation:
By reducing bureaucratic hurdles and fostering a collaborative environment, DeSci can accelerate the pace of innovation. Researchers can pursue bold, high-risk projects that might not receive funding through traditional channels.
Real-World Applications and Case Studies
Several projects and platforms are already pioneering the DeSci movement, showcasing its potential to transform scientific research.
VitaDAO: VitaDAO is a decentralized autonomous organization focused on funding longevity research. By leveraging blockchain technology, VitaDAO enables a global community of researchers, investors, and enthusiasts to collaboratively fund and develop anti-aging therapies. This model not only democratizes access to funding but also ensures that research outcomes are shared openly with the community.
Molecule: Molecule is another prominent DeSci platform that connects researchers with funding sources through blockchain technology. Molecule’s marketplace allows researchers to tokenize their projects, creating a liquid market for intellectual property. This enables investors to support innovative research projects and share in their success.
Challenges and Considerations
While DeSci holds immense promise, it is not without challenges. Key considerations include:
Regulatory Uncertainty: The regulatory landscape for blockchain and cryptocurrencies remains uncertain in many jurisdictions. Navigating these complexities will be crucial for the widespread adoption of DeSci.
Technical Barriers: Implementing blockchain technology and ensuring its seamless integration with existing research infrastructure requires significant technical expertise. Overcoming these barriers will be essential for the scalability of DeSci platforms.
Community Engagement: Building and maintaining an engaged and active community is critical for the success of DeSci. This requires continuous efforts in outreach, education, and collaboration.
Decentralized Science represents a transformative approach to funding and growing breakthrough ideas. By leveraging the principles of blockchain technology, DeSci promises to democratize access to funding, enhance transparency, and foster a more inclusive and collaborative scientific community. As we continue to explore the potential of DeSci, it is imperative to address the challenges and harness its capabilities to drive innovation and progress in scientific research.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
The Ethereum Supply Crunch and the Potential for Ethereum ETF Approval
The cryptocurrency landscape is on the cusp of a significant transformation with the potential approval of spot Ethereum exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC). This anticipated approval could trigger a supply crunch for Ethereum (ETH), akin to the effects witnessed with the launch of Bitcoin ETFs. Joe Lubin, Ethereum co-founder and CEO of ConsenSys, provides insights into how this development could unfold and its broader implications for the crypto market.
Understanding the Supply Crunch
A supply crunch occurs when demand for an asset outstrips its available supply, leading to increased prices. In Ethereum’s case, several factors contribute to a limited supply, making it highly susceptible to such a crunch if spot ETFs are approved.
1. Staking and DeFi Lockup: A significant portion of Ethereum’s supply is locked in staking, decentralized finance (DeFi) protocols, and decentralized autonomous organizations (DAOs). Currently, over 27% of Ethereum’s total supply is staked, earning yields for its holders. This staked ETH is effectively out of circulation, reducing the available supply for trading and investment.
2. Ethereum Burn Mechanism: Ethereum’s network burns a portion of transaction fees through its EIP-1559 upgrade. This burning mechanism permanently removes ETH from circulation, further constraining the supply. As network activity increases, the rate of ETH burned accelerates, exacerbating the supply reduction.
3. Market Dynamics: Unlike Bitcoin, where idle coins can be relatively easily purchased by authorized participants for ETFs, Ethereum’s on-chain activity shows a substantial portion of the total supply being actively utilized in various protocols. This means less idle ETH is available for quick acquisition by ETFs.
Implications of ETF Approval
The approval of Ethereum ETFs would mark a watershed moment for both Ethereum and the broader cryptocurrency market. ETFs provide a regulated and accessible investment vehicle for institutional and retail investors, potentially unlocking significant capital inflows into Ethereum.
1. Increased Institutional Demand: Institutions that have already invested in Bitcoin ETFs are likely to diversify into Ethereum ETFs. This anticipated surge in demand could strain the already limited supply of ETH, driving up prices. The pent-up demand from investors looking for regulated exposure to Ethereum could be substantial.
2. Market Price Reactivity: Ethereum’s market value is currently lower than Bitcoin’s, making its price more sensitive to changes in demand. Large inflows of capital via ETFs could lead to sharp price increases, as the supply cannot quickly adjust to meet the demand.
3. Strategic Accumulation: To meet the expected demand, ETF providers might need to strategically accumulate ETH ahead of the approval. This accumulation phase could itself drive prices higher, as available supply on exchanges diminishes.
Strategic Considerations for Exchanges
To capitalize on the potential approval of Ethereum ETFs and gain a higher market share, cryptocurrency exchanges should focus on the following strategies:
1. Enhance Liquidity Provision: Ensuring deep liquidity for Ethereum trading pairs will be crucial. Exchanges can incentivize liquidity providers and market makers to ensure there is sufficient ETH available to meet the increased demand from ETF-related trading.
2. Expand Staking Services: Offering competitive staking services can attract more users to lock their ETH on the platform, effectively increasing the platform’s control over a portion of the supply. This can be leveraged to manage liquidity and support ETF trading activities.
3. Regulatory Compliance: Achieving and maintaining regulatory compliance will be vital for attracting institutional investors. Exchanges should work closely with regulators to ensure their platforms meet all necessary requirements for handling ETF-related transactions.
4. Security and Transparency: Enhancing security measures and maintaining transparency in operations will build trust among users, particularly institutional clients. Regular audits and transparent reporting can differentiate an exchange in a competitive market.
5. Educational Initiatives: Providing educational resources about Ethereum, staking, DeFi, and the implications of ETF approval can attract informed investors. Webinars, articles, and tutorials can help users understand the benefits and risks, fostering a knowledgeable user base.
Conclusion
The potential approval of spot Ethereum ETFs by the SEC could trigger a significant supply crunch, leading to increased ETH prices and heightened market activity. Exchanges that strategically position themselves to handle this increased demand—by enhancing liquidity, ensuring regulatory compliance, and providing robust security—stand to gain a larger market share. The integration of educational initiatives can also attract and retain a more informed and active user base. As the cryptocurrency market evolves, these proactive measures will be key to capitalizing on the transformative potential of Ethereum ETFs.
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HolyTransaction supports five new crypto assets
HolyTransaction has added five new crypto assets to the platform: USDC, MANA, ENG, ANT, and LINK.
USD Coin (USDC) is a fully collateralized US dollar stablecoin. It is an Ethereum powered coin and is the brainchild of CENTRE,
Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain. In this virtual world, users purchase plots of land that they can later navigate, build upon, and monetize. Decentraland uses two tokens: MANA and LAND.
Enigma (ENG) is a crypto platform that’s trying to solve the problem of privacy on the blockchain by giving access to data storage and privacy while remaining scalable. Enigma aims to extend Ethereum Smart Contracts by introducing secret contracts.
Aragon (ANT) is a decentralized platform built on the Ethereum network that offers a modularized way to create and manage dApps, cryptoprotocols, and decentralized autonomous organizations (DAO). The ANT ERC-20 token will enable its holders to govern the Aragon Network.
Chainlink (LINK) connects decentralized peer-to-peer networks and smart contracts to real-world data, events, and payments. Since blockchains cannot access data outside their network, oracles (a defi instrument) are needed to function as data feeds in smart contracts.
To create your web wallet you don’t need to have a bank account, so you can set it up in just one minute.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Wallet Maker: MKR token is available on HolyTransaction
As of today, you can instantly purchase MKR on HolyTransaction, transfer them to any HolyTransaction’s customer for free, and do crypto-to-crypto swaps between your Wallet MKR and more than other 30 cryptocurrencies.
MakerDAO it’s a prime example of Ethereum’s smart contract platform.
Maker is a decentralized autonomous organization on which the MKR token and DAI operate, and it is built on Ethereum. Essentially, it exists to reduce the price volatility of the Dai against the US Dollar. MakerDAO’s native cryptocurrency token is MKR, which can be stored on HolyTransaction now.
Dai and MKR are dependent on each other to operate, Dai offers stability, while MKR offers involvement and potential on MakerDAO.
As the technology and methodology behind MakerDAO continues to progress the future of stablecoins and DAO are certain to bring interesting evolution to the cryptocurrency economy.
All HolyTransaction customers can create a new address for MKR and use the simple HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any other cryptocurrency.
Just like with Bitcoin, you can:
- Send MKR to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
- Receive transactions;
- Exchange MKR with any supported coins;
- Make instant transactions between HT users;
- Get real time exchange rates on the website;
- Set OTP for additional protection.
To add Wallet Storj just click on the “plus” button you find at the top right of the balance page, once you successfully enter into your wallet.
You can find the “plus” button to select the wallets you want to see in the main page like shown in the picture below:
We’re excited to be part of the STORJ community!
NOTE: Our multicurrency wallet can store more than 30 cryptocurrencies, including: Bitcoin, Dash, Ethereum, Dogecoin, Litecoin, Decred, Zcash, Dai Stablecoin, DigixDao, Augur, 0x Project, Gamecredits, Enjin Coin, Blackcoin, Gridcoin, Aidcoin, Peercoin, Syscoin, Groestlcoin, Power Ledger, BAT, BlockV, PIVX, TrueUSD, Cardano, STORJ, Monero and MakerDAO among the others.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Wallet Monero: how to store XMR
As of today, you can instantly purchase Monero on HolyTransaction, transfer them to any HolyTransaction’s customer for free, and do crypto-to-crypto swaps between your Wallet Monero and more than other 30 cryptocurrencies.
Monero (XMR) was released in April of 2014, it was originally called BitMonero and launched as a preannounced and fair launch of the CryptoNote reference code. Since its original launch, Monero has migrated the blockchain to another database structure, improving flexibility and efficiency. The developers also set minimum ring signature sizes to make all transactions private, and RingCT was added. Almost every improvement made so far has made Monero easier to use or enhanced its security and privacy. The cryptocurrency was founded by Riccardo Spagni alongside 6 other developers, 5 of whom have decided to remain anonymous till date, but more than 240 have contributed to the code.
All HolyTransaction customers can create a new address for XMR and use the simple HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any other cryptocurrency.
Just like with Bitcoin, you can:
- Send XMR to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
- Receive transactions;
- Exchange XMR with any supported coins;
- Make instant transactions between HT users;
- Get real time exchange rates on the website;
- Set OTP for additional protection.
To add Wallet Monero just click on the “plus” button you find at the top right of the balance page, once you successfully enter into your wallet.
You can find the “plus” button to select the wallets you want to see in the main page like shown in the picture below:
We’re excited to be part of the XMR community!
NOTE: Our multicurrency wallet can store more than 30 cryptocurrencies, including: Bitcoin, Dash, Ethereum, Dogecoin, Litecoin, Decred, Zcash, Dai Stablecoin, DigixDao, Augur, 0x Project, Gamecredits, Enjin Coin, Blackcoin, Gridcoin, Aidcoin, Peercoin, Syscoin, Groestlcoin, Power Ledger, BAT, BlockV, PIVX, TrueUSD, Cardano, STORJ and Monero among the others.
Open your free digital wallet here to store your cryptocurrencies in a safe place.