Moonstake to Host Joint Webinar with Partner IOST on 12 August 2021

SINGAPORE, Aug 4, 2021 – (ACN Newswire) – On 12 August 2021, Moonstake will be taking part in a joint webinar co-hosted with our strategic partner, IOST, at 7PM Singapore Time/ 11AM UTC. The event will center around our collaboration to enable IOST staking on Moonstake wallet and how both of our projects are accelerating the growth of staking. This webinar will be useful for those who want to learn more about the IOST ecosystem and its value to crypto users through the partnership with Moonstake.

IOST is an enterprise-level blockchain network developed for online service providers. It utilizes a unique, breakthrough consensus algorithm called "Proof of Believability" (PoB) that allows high transaction throughput speeds while all the nodes stay compliant. IOST is one of the Big Four public chains with a rich user base and real applicability alongside Ethereum, EOS, and TRON with 500,000 community members, over 20 countries worldwide, over 400 nodes, top staking economy, and growing.

Moonstake successfully integrated IOST staking functionality along with the IOST account creation into our wallets through technical partnership in May 2021. Since then, we've contributed to the expansion of the IOST ecosystem through conducting various promotions, disseminating valuable IOST related information with multiple languages and organising webinars to help create more than 1,000 new IOST mainnet accounts. When it comes to staking, Moonstake started as a Node Partner, but became a Servi Node on June 1st with 21M IOST staked in 1 week. As of now, Moonstake's Servi Node had 472 voters with over 81m IOST had been voted, ranked 10th among whole validator nodes.

There will be plenty of time for Q&A, so please feel free to ask any questions you may have. Additionally, we will be giving away two prizes, each $50 worth of IOST, for the best questions asked, so don't forget to tune in to the webinar with us.

About this webinar

TOPIC: How Moonstake and IOST Partnership is Accelerating the Growth of Staking Globally

DATE & TIME: 12 August, 2021 at 7PM Singapore time (GMT+8) / 11AM UTC

SPEAKERS:
– Lawrence Lin, CEO of Moonstake
– Kuda Samkange, Director of Business Development at IOST

IN THIS WEBINAR, YOU WILL LEARN:
– What are the missions and visions of Moonstake and IOST?
– What are the global achievements and what are the plans for future development of Moonstake and IOST?
– What is the impact of onboarding a market-leading blockchain partner like IOST for Moonstake and vice versa, what is the impact of onboarding a top-ranking staking provider like Moonstake as a partner for IOST?
– What is Moonstake trying to accomplish with its series of IOST campaigns?
– What more can be expected from the Moonstake-IOST partnership in the future?

Pre-registration is required to participate, so please register from the link below. RSVP Today to take advantage of this free webinar. https://us02web.zoom.us/webinar/register/WN_0oKn20-9QV6HpNpu453gDg

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia's burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnerships have been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan's biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore-listed company. Industry's reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 1 billion. https://www.moonstake.io/

About IOST

High fees and slower transaction times on the Ethereum network have left the door open for new solutions to emerge, and IOST is one such project that has been gaining traction since its mainnet launch in 2019.

Backed by major financial and VC firms such as Sequoia, Matrix, and ZhenFund, IOST is a pioneering decentralized, high-throughput, gas-efficient Proof-of-Believability-powered smart contract platform built to tackle the scalability trilemma once and for all. For this, the concluding ranking from China's CCID ranked IOST as the best blockchain platform under Basic Technology, better than Ethereum, EOS, and every other smart-contracting platform evaluated by the agency. This is a testament to the quality and ability to roll out a better, innovative product and reflective of our true desire to be the best in the sphere.

Being one of the public chain leaders in terms of adoption, performance, and utility, IOST remains committed to our mission to unleash the power of blockchain. IOST currently has the ever-expanding 500,000 community members in over 20 countries, over 400 nodes, a top staking economy, symbiotic relationships with corporations dotted worldwide. https://iost.io/

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

DigiMax Continues Global Marketing Expansion into Asia with Signing of Collaboration Deal in Korea

TORONTO, ON / ACCESSWIRE, Jul 30, 2021 – (ACN Newswire) – DigiMax Global Inc. (the "Company" or "DigiMax") (CSE:DIGI)(OTC:DBKSF), a company that provides artificial intelligence ("AI") and cryptocurrency technology solutions, is pleased to announce that it has signed a marketing collaboration deal with The Wing Corp. ("Wing") based in Seoul Korea.

CryptoHawk is an Artificial Intelligence-driven, price-trend prediction tool that can be profitably used by any investor interested in trading Bitcoin or Ethereum. The tool is different as it uses AI and machine learning to capture profit from the volatility of cryptocurrencies rather than incur the risk of buy-and-hold investments. As previously announced by the Company, in its first full month of operation in June 2021, CryptoHawk signals achieved a long-short return on BTC of more than 25% compared to a buy-and-hold return for the same period of a loss of 10%. In both up and down markets, CryptoHawk has the potential to deliver subscribers much higher returns when trading.

Wing is a market-leading influencer in blockchain and cryptocurrency in Korea, which they reference as the core of 'the 4th industrial revolution'. Wing is a company established to help traders and exchanges seek out the highest value cryptocurrencies for investment and future development. Wing applies rigorous verification by experts to foster the development of the cryptocurrency market and sound investment culture.

Having been associated with Wing since DigiMax was founded in 2018, DigiMax recognizes Wing's strength because it uses non-traditional methods for direct communication with its followers that is not easily traceable through conventional means. They are however very effective at communicating with both crypto traders and exchanges throughout the country.

The founder of Wing, Minho Kang, is a leading blockchain influencer in Korea who has already introduced numerous crypto companies (including Dent, Salt, Enigma, Skraps, Hero, Shivom, Karma, Poet, Trade.io, Hacken, Real, Bitjob ,Sapien, Zper, Investfeed Dexe, Hyve and Eqifi) to Korea, and his success has earned him a reputation as a global marketing expert. He also led a successful blockchain conference as the co-founder of The Signature, leading more than 50,000 investment members.

Wing will collaborate with DigiMax to develop a broad range of CryptoHawk users in Korea and will assist DigiMax to develop integration of the CryptoHawk artificial intelligence system into crypto exchanges in the country. Wing will share referral fees on a sliding scale from 1,000 subscribers up to more than 100,000 subscribers developed in Korea. Wing will also earn options in DigiMax for successfully creating direct partnerships between DigiMax and Korean crypto exchanges.

"As Korea fully embraces the 4th Industrial Revolution, we are thrilled to partner with DigiMax in reaching out to our community with the power of AI," says Minho Kang, the founder of The Wing Corp. "Korea is extremely techno-savvy with cryptocurrency. I firmly believe that CryptoHawk.ai takes all of us to a new level of monetization through insight that can be used by anyone interested in trading crypto."

"We are excited to be able to join forces with such a knowledge leader in the industry in Korea," said DigiMax CEO, Chris Carl. "Since Korea operates in an autonomous manner apart from most of Asia, having such a respected and prominent influencer in a country that has one of the highest per-capita rates of crypto followers in the world, is a great addition to the growing DigiMax team."

About DigiMax

DigiMax is an Artificial Intelligence technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company's engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology.

To learn more, visit our website: https://digimaxglobal.com/

Contact:

Martti Kangas
Investor Communications
647-521-9261
mkangas@digimax-global.com

Chris Carl
President & CEO
416-312-9698
ccarl@digimax-global.com

Cautionary Note Regarding Forward-looking Statements
This press release contains "forward-looking statements or information". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements about the Company and Kirobo Inc.'s future plans, expectations and objectives.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the future plans of Kirobo Inc. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the benefits and uses of our software, the pricing and availability of our software, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the platforms and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, consumer sentiment towards the Company's products and services, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology changes on the products and industry, the ability for Kirobo Inc. to complete its business objectives, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

DigiMax Expands Global Marketing into Asia with Signing of Collaboration Deal in Hong Kong

TORONTO, ON, Jul 28, 2021 – (ACN Newswire) – DigiMax Global Inc. (the "Company" or "DigiMax") (CSE:DIGI)(OTC:DBKSF), a company that provides artificial intelligence ("AI") and cryptocurrency technology solutions, is pleased to announce that it has signed its first collaboration agreement to expand CryptoHawk services into Hong Kong and surrounding areas.

CryptoHawk is an Artificial Intelligence driven, price-trend prediction tool that can be profitably used by any investor interested in trading Bitcoin or Ethereum. The tool is different as it uses AI and machine learning to capture profit from the volatility of crypto currencies, rather than incur the risk of buy-and-hold investments. As previously announced by the Company, in its first full month of operation in June 2021, CryptoHawk signals achieved a 1-month, long-short return on BTC of more than 25% compared to a buy-and-hold return for the same period of a loss of 10%. In both up and down markets, CryptoHawk has the potential to deliver subscribers much higher returns when trading.

DigiMax is collaborating with Mr. Tony Tong in Hong Kong and other Asian regions where he has substantial influence. Mr. Tong is Co-Chairman & Co-Founder of Hong Kong Blockchain Association HKBA.hk.org, Council Member of International Digital Asset Exchange Association IDAXA.org , and President of GlobalSTOx.io & APX.HK. After graduating in engineering at the University of Minnesota and spending 15 years in the United States in several leading high-tech companies, Mr. Tong returned to Hong Kong where he has held many high-profile roles a few of which include:

– Co-Founder of Pacific Financial Services and Super Angels Ventures.
– Frequent speaker and bilingual moderator for leading fintech, blockchain, investment banking events, including Blockchain Economic Forum Singapore, Global Gaming Expo G2EAsia, Goldman Sachs, UBS, CLSA , Morgan Stanley Asia Investment Summit, Bank of America Merrill Lynch China Investment Summit.

The collaboration agreement between DigiMax and Mr. Tong will include the issuance of 200,000 common shares of DigiMax and an award of additional shares as he assists DigiMax in successfully completing partnering deals with exchanges or directly increasing the number of CryptoHawk subscribers in Asia.

"We have known DigiMax and its founders since 2017 and we are impressed that they have withstood the test of time in the cryptocurrency and blockchain world," said Tony Tong. "The CryptoHawk offering is already proving itself as an excellent tool for crypto traders to use to increase their returns and we look forward to working together to develop more markets in Asia with them."

"We are excited to be able to join forces with Tony Tong who we respect as a prominent leader in the crypto industry in Asia," said DigiMax CEO, Chris Carl. "Tony has been a leader and an innovator in every facet of the blockchain and crypto currency space and we are certain that CryptoHawk can deliver a whole new level of value and power to anyone interested in trading or owning crypto currencies in their portfolio."

KIROBO Update

Kirobo, a blockchain technology company into which DigiMax has made a strategic investment (see May 3, 2021 Press Release), yesterday announced it has launched its 'P2P Swap Button', a decentralized tool allowing cryptocurrency users to execute token swaps without having to use an exchange or custodial third party.

By taking the swap off-exchange, the tool allows users to decide their own prices for their tokens and transact directly with peers. As a result, slippage is avoided completely.

Asaf Naim, co-founder and CEO of Kirobo, said: "Until now, it wasn't possible to execute a swap without losing money, because exchange algorithms adjust token prices according to the amounts put up for sale. We're allowing people to trade without an exchange and to set their own prices, with complete security, for the first time ever."

Kirobo's safe transfer platform secures transactions with an authentication key, the component parts of which are divided between the first party, the smart contract, and the Kirobo server. There's no single point of failure, and Kirobo does not hold users' funds at any point.

For more information, please see Kirobo's full press release at: bit.ly/3zHLMZW

About DigiMax

DigiMax is an Artificial Intelligence technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company's engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology.

To learn more, visit our website: https://digimaxglobal.com/

Contact:

Martti Kangas
Investor Communications
647-521-9261
mkangas@digimax-global.com

Chris Carl
President & CEO
416-312-9698
ccarl@digimax-global.com

Cautionary Note Regarding Forward-looking Statements
This press release contains "forward-looking statements or information". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the uses of our CryptoHawk.ai and CryptoDivine.ai software and their potential benefits and uses, and information about future plans, expectations and objectives of the Company.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the uses, benefits and expectations of our CryptoHawk.ai and CryptoDivine.ai software. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the benefits and uses of our software, the pricing and availability of our software, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, consumer sentiment towards the Company's products and services, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology changes on the products and industry, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moonstake Integrates Muse Finance for MUSE Lockdrop and Advanced DeFi Connectivity

SINGAPORE, Jul 28, 2021 – (ACN Newswire) – Moonstake is pleased to announce that we've integrated our DeFi application partner, Muse Finance (shortened as Muse), into the Web Wallet to bring advanced DeFi connectivity to our platform. This means that directly through the Moonstake wallet interface, you can now participate in Muse's current lockdrops and use the DeFi applications that Muse plans to implement in the future. This will be the first time in the world that Muse will be integrated. Since the announcement of our joint entrance to DeFi in March 2021, we have been working together closely to develop and promote high-quality DeFi products that aim to resolve staking illiquidity.

Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 5 staking providers globally. Currently, Moonstake supports 12 high-demand staking coins: Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, and IOST.

Muse is a comprehensive DeFi platform launched in March 2021. It is working to launch various DeFi products, including a Wrapper to issue wrapped tokens for staking assets that can be used to provide liquidity to staked assets, as well as DEX (decentralized exchange) and Lending platforms to facilitate the distribution of such assets.

A feature of Muse already implemented in the Moonstake wallet is lockdrop. Lockdrop is a common, low-risk method of token distribution mechanism in the DeFi industry without raising money while incentivizing user participation. Instead of combining the sale of tokens with assets, lockdrop sees "loss of opportunity" as collateral and distributes tokens in return for valuable losses. For more information about lockdrop, please click here (https://tinyurl.com/39rd9hve)

Furthermore, users can also utilize the affiliate program to earn extra referral rewards by inviting others to participate in the lockdrop.

The connection with DeFi products, which has been growing strong since last year, will further enhance the user experience of Moonstake platform. Future product launches of Muse will add liquidity to the staking assets and open the door to innovative DeFi products, all of which will be supported by Moonstake as usual.

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia's burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnerships have been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan's biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore-listed company. Industry's reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 1 billion. https://www.moonstake.io/

About Muse Finance

Muse.Finance is a Decentralized Platform where crypto users can receive staking rewards as well as participate in wrapping, swapping, lending, and yield farming to gain benefit. Its ecosystem, which consists of Muse Swap, Muse Lending, and Muse Wrap, enables a liquid PoS platform that integrates the ERC-20 DeFi Ecosystem with Ethereum 2.0. Muse.Finance also links non ERC-20 assets with the ERC-20 ecosystem, allowing owners of staked assets on platforms such as Cosmos, IRISnet, Cardano, etc. to participate in lending, liquidity mining, and yield farming. https://musefinance.io/

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

NFT Collectible “God Temple” Launches Public Sale, Introduces Play-to-Earn Game Model with Comic Artist Pat Lee’s Artwork

HONG KONG, Jul 26, 2021 – (ACN Newswire) – God Temple, an NFT collectible platform, has introduced the gamification model for its limited-edition art collection collaborated with comic artist Pat Lee, who did stints with DC and Marvel comics.

Users of the platform will be able to play against other users or computer-controlled players through God Temple's global matching system. It will be a Play-to-Earn model utilizing both the platform's native token (MYTH) and the game token (SOUL), which are necessary for players to start a game.

At God Temple, players can hold the Greek god NFT and play as the mythical characters such as Zeus, Athena, and Hades, illustrated by renowned comic artist Pat Lee. The winner in the duel will receive a game token (SOUL) as a prize, which will be tradable on secondary markets.

The public sale of God Temple's native token (MYTH) will commence on 2nd August on Balancer Liquidity Bootstrapping Pool to make it accessible in a fair, linear, and decentralized manner. The sale supply will be 1,000,000 MYTH and the sale will last for 48 hours and will officially conclude on 4th August. The Balancer sale will have a MYTH-USDC pool during the token issuance period.

"We aspire to bring the story of mythology to life, and that's why we introduced this new gamification model. We are developing strategic collaborations with artists around the world to create timeless mythical art god NFTs. Pat Lee is the leading celebrity artist and we hope more artists will be inspired to join the ecosystem," said the spokesperson at God Temple.

About God Temple
God Temple is an NFT game that features the limited-edition artworks based on mythical God characters, collaborating with iconic artists around the world. Players can play as the mythical characters against other players around the globe and receive rewards with its Play-to-earn model.

About Pat Lee
Over the past two decades, Pat did stints with DC and Marvel comics working on such mega-franchises as Batman, Superman, Iron Man, X-MEN, Fantastic Four, Wolverine, Punisher, and Spiderman. He also created the original North American series of Transformers comics, which ranked #1 top selling comic book six months in a row.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Onomy Protocol Opens the Door For Institutions To Take On DeFi

CASPER, WYO, Jul 24, 2021 – (ACN Newswire) – Onomy Protocol has recently announced plans to open the world of Decentralized Finance (DeFi) to traditional Centralized Finance (CeFi) operators with its ambitious cross-chain stablecoin infrastructure.

Institutions worldwide are looking to tap into blockchain's edge on secure, trustless, and quick transactions. Financial entities are aware there is a Great Financial Migration currently underway, but they face significant stumbling blocks as they move their currency operations on-chain. Goldman Sachs' Crypto Trading Desk is one of the first forays into blockchain by a major bank, with private entities like Fidelity Investments providing enterprise-grade custody and execution services for institutional investors. Likewise, JPMorgan has just announced plans to give wealth clients direct access to crypto funds.

Despite the acknowledgement of the promising underlying technology, volatility is cited as the primary concern holding back traditional institutions. This has led to the proliferation of 'stablecoins' that are digital crypto tokens pegged to major national currencies, enabling access to decentralized finance and crypto financial infrastructure whilst evading volatility concerns. Stablecoins have grown from a market capitalization of $10B, to over $108B within the year, spawning an entirely new segment of financial products that offer extremely competitive yield when compared to traditional financial products. Stablecoins are currently dominated by US Dollars, but Onomy Protocol sees an imminent future wherein other major national currencies will gain prominence in the cryptocurrency space – opening the door to foreign currency exchange markets (Forex) migrating on-chain.

Onomy Protocol provides the bridge for this migration, empowering institutions to onboard their fiat exchange operations on-chain through the use of stablecoins, conceiving a new and enhanced outlet for the $6.6 trillion daily volume traded across the foreign exchange markets. Through Onomy, users are empowered with a secure platform to onboard their liquidity into decentralized finance in a manner that evades volatility concerns and provides access to novel products and yield opportunities not present in traditional finance.

By making Forex more accessible by plugging it into the booming blockchain economy, it opens opportunities for banks, enterprises, and retail users to enhance the utility of their assets. Institutions have traditionally struggled to implement new technologies at scale due to the size of their operations and depth of asset pools, but Onomy Protocol's products will sustain the migration.

Moreover, each blockchain platform is siloed unto itself, increasing friction and inefficiencies when attempting to exchange assets cross-chain. Onomy is built on cross-chain architecture, enabling assets to transfer freely amongst prominent blockchain economies.

Onomy Protocol bolsters adoption through the suite of products available on its ecosystem, powered by the ONET blockchain, a Proof-of-Stake and application-specific network operating at unprecedented efficiency. These include the ONEX (Onomy Exchange), a hybrid DEX that converges automated market maker (AMM) and order book functionalities into a standalone stablecoin & native assets exchange, suitable for emulating the Forex market on-chain.

The stablecoin economy is a force to be reckoned with, granted that even under the heavy storm of market plunges, stablecoins have proven resilient and have effectively maintained their peg, allowing for the entire market to grow due to the confidence in these digital safe havens.

Onomy Protocol therefore plans to build on the success of fiat-pegged digital assets, opening this economy to holders of the world's 100+ currencies, who may easily mint, trade, and lend stablecoins.

Institutions will participate and onboard liquidity into a cross-chain stablecoin economy in an efficient manner that emulates and eventually supersedes their traditional operations. With trustless transactions being validated at speed, financial institutions can leverage their currency reserves to take advantage of the DeFi marketplace and other opportunities that develop as blockchain technology evolves.

To enact this goal, Onomy has announced one of its partnerships with Avalanche, a prominent and interoperable blockchain economy backed by Andreesen Horowitz's A16z crypto fund, which facilitates the deployment of decentralized apps and enterprise blockchains.

Onomy Protocol aims to serve as the world's decentralized reserve bank. In allowing both retail and institutional users to mint, deploy, exchange and utilize their currency reserves through digital stablecoins that can interact with the entire DeFi landscape, it solves long-standing issues that hamper the potential of the Forex market. Just as the computer and the movement away from the gold-standard unleashed an economic explosion in the mid-seventies, Onomy hopes to be the bridge that realizes the potential of currency markets, and currency itself.

Media Contact:
Lalo Bazzi
E: hello@onomy.io

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com