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Entity Profile picture
@EntityFinance
May 29 • 8 tweets • 5 min read Twitter logo Read on Twitter
Get an exclusive look inside @JewelSwapX!🕵️‍♂️

We sat down with their Co-Founder last Wednesday and delved into #NFTs, their modules, and plans for the future!

Here are the top 3 key takeaways from our conversation🧵

#MultiversX #EntityFinance Image
Q: Can you talk about the process JewelSwap goes through to ensure the security of its smart contracts? Since there isn't any audits mentioned on the JewelSwap Website or Docs section.
A: Our approach to securing smart contracts on JewelSwap is deliberate and transparent. The initial strategy was to hold off on auditing until we had completed a substantial portion of the code. While the cost of audits is significant, that wasn't our primary reason for this… twitter.com/i/web/status/1…
Q: NFT Finance is redefining the utility of #NFTs by introducing #DeFi type products. Do you think JewelSwap is best suited to pursue this emerging trend due to the nature of the products you have already? What do you think are the potential risks and challenges associated with… twitter.com/i/web/status/1…
A: Before embarking on the JewelSwap journey, I admit my knowledge of #NFTs was somewhat limited. However, the creation of our proprietary Collection "Comverse" and engaging with our vibrant community has truly deepened my understanding of what constitutes a successful NFT… twitter.com/i/web/status/1…
Q: Buy Now Pay Later and rental services are common in traditional finance and #ecommerce. What are some of the challenges faced in implementing BNPL and rental models in the context of NFTs? Do you think these models could influence the way people interact with NFTs in the long… twitter.com/i/web/status/1…
A: Absolutely, we've already incorporated a feature that mirrors the "Buy Now Pay Later" concept. This is currently operational under "#Mortgages", but perhaps a better name might have been "Down Payment," given the mechanics of the feature. Here's how it works: suppose an NFT is… twitter.com/i/web/status/1…
Interested in hearing the full interview?

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Talk more about these topics with our community by joining our Telegram:
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More from @EntityFinance

Entity Profile picture
May 5
Get an exclusive inside look into @cyberpunkcity!🕵️‍♂️

We sat down with their Community Marketing Manager @jackmelar36 this Wednesday and delved into their #Metaverse, in-game economy, and the potential for Web3 gaming!

Here are the top 3 key takeaways from our conversation🧵… twitter.com/i/web/status/1… Image
@cyberpunkcity @jackmelar36 Q: What lessons or insights have you drawn from other successful game titles in the development and design of Cyberpunk City and how have they influenced your approach?
@cyberpunkcity @jackmelar36 A: Drawing on the experiences of various successful game titles and developers, we have gained several key insights that have influenced our approach to Cyberpunk City.

Firstly, observing small and independent game companies, we've come to understand that passion for the game… twitter.com/i/web/status/1…
Read 8 tweets
Entity Profile picture
Apr 28
Get an exclusive inside look into @autoscale_!🕵️‍♂️

We sat down with their CTO @gfusee33 this Wednesday and delved into the inner workings of Autoscale Vaults, the "Zap" module, and the platform's future.

Here are the top 3 key takeaways from our conversation🧵
#MultiversX #DeFi Image
Q: Could you delve into the inner workings of Autoscale Vaults (aVaults), elaborating on their primary characteristics, the variety of #assets they support, and the advantages they offer to users in terms of yield optimization?
A: Autoscale Vaults, or aVaults, are smart contracts that form the core of Autoscale's platform, serving as the foundation for its #yield optimization strategies. There is a dedicated vault deployed for each asset, which means aVaults has the potential to encompass all assets… twitter.com/i/web/status/1…
Read 8 tweets
Entity Profile picture
Apr 5
One of the backbones of the #MultiversX ecosystem is the #ESDT token standard.

Let's explore its unique features and how its capabilities stack up against the most popular token standard out there: the ERC20 token.
#Ethereum Image
1/11: The main difference is that ESDT is pre-coded, non-programmable, and with a fixed set of functionalities. #ERC20, on the other hand, requires developer expertise and auditing for robustness and security.
2/11: Here are the key functionalities of ESDT tokens:

⚗️Minting: Mint new tokens after their initial release.

🔥Burning: Users can burn a certain amount of their tokens.

⏯Pausing/Unpausing: Prohibit all operations except mint and burn.
Read 12 tweets
Entity Profile picture
Mar 31
Get an exclusive inside look into the mind of the Tokenomics Expert of @ProteoDefi!🕵️

We sat down with him this Wednesday and discussed how they are enhancing the #DeFi landscape on @MultiversX.

Here are the top 3 key takeaways from our conversation 🧵
#MultiversX
@ProteoDefi @MultiversX Q: Based on your experience so far, how effective can Proteo Flash Offers system be once deployed in preventing hyperinflation and maintaining the PROTEO #token's stability? Are there any specific metrics or indicators that you monitor to gauge the effectiveness of this system?
@ProteoDefi @MultiversX A: For this, we studied the @OlympusDAO model and took inspiration from their #tokenomics.

PROTEO Flash Offers will be published every day, and the size of the offer and the bonus that you will get from the offer, both of them will depend on the current price of our native token… twitter.com/i/web/status/1…
Read 8 tweets
Entity Profile picture
Mar 30
As we all know the bread and butter of the blockchain space are smart contracts.

Though moving beyond traditional transaction management, let's delve into niche applications and the transformative potential of this tech across various industries.🧵
#MultiversX #EntityFinance
1/ But first, a quick look into the past: Conceptualized in 1994 by Nick Szabo, smart contracts had to wait for the arrival of #blockchain technology to be viably implemented in economic systems. They're now a game-changer for decentralized P2P economies.
2/ Fast forward to today, smart contracts have evolved beyond their initial #applications, permeating various industries and enabling novel use cases:
Read 8 tweets
Entity Profile picture
Mar 3
The results are in for the Battle of Launches Bug Bounty contest!

The event was a great success overall, with users finding only a few bugs related directly to the Launchpad itself.

We will contact the three winners shortly! Until then, here are the findings🧵
#MultiversX
1/ The only critical bug that was reported during the event was related to the dApp core connection, which was swiftly fixed by the Entity Team.

This reporter received $1500 as their bounty.
2/ There were also two minor bugs attributed directly on Entity.

One involved a flow issue during the Buy Tickets process and the other involved a flickering menu during KYC country selection.

The bugs were awarded $100 and $50 respectively.
Read 4 tweets

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