1/7 🔥@itheum has teamed up with @Cointelegraph to spread its mission of data ownership through blockchain-powered tools.
Leveraging Ct's global audience and Accelerator Program, they aim to reach the masses and democratize data ownership.
Let's dive into Itheum's world 🧵👇
2/7 @itheum have a suite of Web3 tools enabling streamlined trading of user data, featuring a decentralized data exchange that empowers data ownership in the #Metaverse and brings new market value.
🙋Reclaim control of your data and participate in platform gov through a #DAO
3/7 @Itheum enables bridging of high-value data from Web2 to Web3, facilitating P2P trades.
Their suite of privacy-preserving, regulation-friendly, and cross-chain products and tools offer comprehensive core #blockchain data infrastructure for enterprise and consumer use cases.
4/7 Their mission is to change the toxic model of personal #data collection 📑 and exchange by ensuring equal user consent and value-share.
The goal is to create a market for personal data where 🏢organizations and 👨👨👧👦data owners benefit equally.
5/7 They built a data collection and analytics 🗃toolkit enables companies to collect structured #personaldata seamlessly while protecting data creators' anonymity.
The toolkit generates structured and outcome-oriented data, 🧮 offering visual trends and patterns for analysis.
6/7 The outcome is that users are 💪empowered to own and trade their personal data through a decentralized data exchange, breaking down organization silos and creating new value share models in the free open market.
1/7 Impermanent loss 💰is a common term in DeFi (decentralized finance) that refers to the temporary loss of funds that liquidity providers (LPs) may experience when they provide liquidity to a liquidity pool. 👇🧵
2/7 When LPs provide liquidity to a pool, they contribute funds to 🔁buy and sell two different tokens in a fixed ratio.
As the prices of these tokens fluctuate, the ratio of their values in the pool may change, resulting in a shift in the LP's portfolio composition.
3/7 This change in portfolio composition can lead to impermanent loss, which is the temporary reduction in the LP's portfolio value compared to if they had just held the tokens outside the pool. 💸.
1/6 Today we're gonna give a shoutout 🙌to the awesome work that a DEX like @jexchangeP2P is doing for the @MultiversX ecosystem, especially in the early stages of a project when credibility and #liquidity are crucial for survival.
Let's get started! 🧵👇
2/6 One of the big challenges for a project when it's starting out is getting the necessary #liquidity and, once you've got it, building a #community. 👨👩👧👦
#JEXchange is super valuable, especially for projects just starting out🌟, before they face the challenge of creating a LP.
3/6 Bear markets make it even tougher 🛠️- liquidity tends to gravitate towards more established projects.
That's why #decentralized exchanges that make it easy to create liquidity pools 🌊are key to a project's success and growth.
1/7 Today, we're going to take a deep dive into Liquid Staking. 👂Have you heard of it?
🧐Liquid Staking is a technique that allows users to obtain liquidity while participating in the #staking process of #cryptocurrencies.
Follow this thread to learn more! 🧵👇
2/7 Traditionally, staking requires users to 🔒lock up their funds in a staking network for a set period.
#liquidstaking, on the other hand, allows users to obtain fungible tokens 🔐that represent their staked funds, which can be traded on the market.
3/7 By depositing 📥their staked tokens in a custodial vault, users receive a 🪙fungible token that can be 🔁 traded on cryptocurrency exchanges or used as collateral for loans or other financial transactions.
1/7👂Have you heard of @PeerMeHQ (formerly Superciety)?
If you're looking for the perfect place to build your idea or project's #DAO, look no further!
Stay tuned for more details in this thread.👇🧵
2/7🫂Efficiently manage your decentralized community with an ALL-IN-ONE toolkit from #Peering#DAOs.
@PeerMeHQ utilizes #Blockchain & Smart Contracts for transparency and trustability and is built on top of @MultiversX to let all projects onboard easily.
1/7: If you're new to the #DeFi universe, you might be wondering what the heck a liquidity pool is.
A cryptocurrency #liquiditypool is a collection of funds from multiple users that are locked in a smart contract to facilitate trading for a specific #cryptocurrency pair.👇🧵
2/7: Liquidity pools are often used in decentralized exchanges (#DEXs) to ensure that there is always enough liquidity available for trades, even if there are no other buyers or sellers on the market.
3/7: The💲price of each token in a liquidity pool is determined by a constant product formula, where the product of the quantity of each token in the pool remains constant.
1/5 Understanding the dimensions of the agreement between @MultiversX & @tencentcloud is crucial in envisioning its possibilities. From collaboration with an Asian giant and its market potential to the scope of the partnership and its services. Quick summary of the deal🧵👇
2/5 💻Tencent Cloud tencentcloud.com is a cloud computing service provided by the Chinese tech giant Tencent, offering a range of solutions for businesses and developers to store, process, and analyze data, build and deploy applications, and more. #TencentCloud
3/5 Tencent Cloud supports Web 3.0 as a tech enabler, drawing on years of experience in 🎮gaming, 👂audio, and 🎥video to offer top computing power, storage, network, and media technologies for an immersive experience. It provides strong tech support for Web 3.0 developers.