OKX Blockdream Ventures AMA Recap with & everFinance & Alien Swap & WAX.io

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OKX Blockdream Ventures hosts an AMA with portfolio projects everFinance, Alien Swap and WAX.io. The topic is ‘With the advent of DeFi 2.0, how trading platforms can better integrate NFT’. New developments of DEFI and future of the projects were also discussed.

 

Host: Thanks for joining us today, we are glad to invite Garry Wang , Ying Mu, and Lee Jackins to the Blockdream Ventures group.  Please introduce yourself, what is your role in the team and your project ?

 

Lee Jenkins:  I am Lee Jenkins, Project manager at WAX. The Worldwide Asset eXchange™ (WAX) is the #1 Metaverse Blockchain for Games and Entertainment, bringing blockchain games and NFTs to the mass market in the most secure, environmentally friendly, and easy-to-use manner possible. It’s also home to WAX Studios, the innovator of vIRL Market, vIRL™ Technology, WAX Cloud Wallet, and several blockchain game titles currently in development and slated for release in 2022 and beyond.

 

Gerry Wang: Thanks for having me! My name is Gerry, Marketing Director of everFinance. Like our founder, I used to work at the crypto wallet company imToken, for 4 years.

During this work experience, we noticed that crypto products like wallets have lots of issues that need to be solved, such as the Transaction block package being too difficult, Transaction nonce conflict, private key seed phrases issues, etc. All of them increase the difficulty for normal users.

Then we found the Arweave ecosystem, and this blockchain is our Mr.right to realize everything we thought in our mind to decrease the difficulty for users.

Our main product is a financial protocol — everPay(everpay.io). It can give you real-time payment and 0 gas fee web3 experience. Based on this protocol, we produced wallet, NFT auction features, and swap. And we will be launching our incubated DEX PermaSwap in around 2 months, actually, we have released its official website and Whitepaper, you guys can visit that page to get more detail about it!

 

Ying Mu: Hi everyone, I’m YingMu, the co-founder of AlienSwap NFT marketplace. I used to be the leader of the OKX listing operations team. And our core team is from OKX, Binance, and top internet companies. We have successfully built or participated in products with hundreds of millions of user growth in the past and created exciting trading and platform products.

Aliens are cute and so cool, aren’t they? Everyone will love aliens. So we named our project AlienSwap. The NFT market is growing rapidly, there are many unmet needs, and the community needs a better and faster NFT marketplace. AlienSwap is becoming a better NFT market built by the community.

AlienSwap is truly an NFT marketplace built for the community, a membership-based marketplace that gives 100% of its revenue back to the community, where all collectors and artists can enjoy trading and be rewarded.

3 reasons make AlienSwap different from other marketplaces:

  1. AlienSwap is a real decentralized NFT market, which means that all community members and traders can 100% own AlienSwap.
  2. We Aliens build: All community members experience, trade, communicate, and improve on AlienSwap. The community is what makes AlienSwap stronger.
  3. We Aliens share: All members in the community share AlienSwap’s growth dividends such as 100% trading fee, trading rewards, staking rewards, and membership rewards.

 

Host: Thanks for sharing. Let me sum up OKX Blockdream Ventures’ insights for May!

 

“OKX Blockdream Ventures –  May 2022 Report” showed that it only funded to 5 startups in May, including SSV Network, everFinance, WAX,Sweatcoin and AlienSwap.Globally, the report projected that investment institutions seem to be avoiding fluctuations and risks, retaining funds, and preparing for more accurate investments in the future.

 

1.Institutions evade fluctuation and risk.

The total amount of funds raised in May was $1.43 billion, with a month-on-month decrease of 78.6%.  $28.8 billion was raised in the first five months of 2022, compared with $7.85 billion in 2021 — with a year-on-year increase of +291.46%.

As for the number of investments: The sum of investments in May was 82, with a year-on-year decrease of 66.3%. It was the lowest month since April 2021. Web3, infrastructure and NFTs were the three largest sectors.

Despite the tumbling market, institutional investors have raised sufficient funds. a16z announced a $4.5 billion USD fundraising effort for crypto and blockchain startups — totaling over $7.6 billion.

 

Blockdream Ventures outlook:

According to the data, institutional investors seem to be evading fluctuations and risks, retaining funds and preparing for more secure investments. Startup teams may keep polishing the products with more confidence.

 

  1. Explosive growth of NFTs spurred marketplaces

 

Market insights:

(1)The explosion of NFTs spurred on many marketplaces — not only the total market but also subdivided fields focusing on art, music, photography, sports, games, etc.

(2)According to OKLink, by June 1, 2022, the total market cap of NFT marketplaces was $16.972 billion, an explosive growth of 533 times compared to $31.7781 million two years ago.

(3)The competition among the top 15 NFT marketplaces is intense, as usual. OpenSea still occupies more than 40% market share, but the popularity of individual NFT projects does bring opportunities to competing chains and marketplaces.

 

Blockdream Ventures outlook

Besides the marketplace, there are several NFT-related problems that need to be solved — such as high barriers to entry, low transaction accuracy, low capital utilization and inadequate price-discovery mechanisms.

OKX Blockdream Venture will keep an eye on NFT areas — especially aggregators, lending protocols, fragmenters, oracles and derivatives.

 

AlienSwap

 

Host:Now lets move to project highlights and start with Ying Mu

 

  1. “AlienSwap rewards the community of users and artists with a variety of innovative mechanisms.” Do you have a description or particular vision of these mechanisms? Because now it is not really clear for me, would it be something like the usual artists’ fee on markets or something more complicated? What will the distribution mechanism be like?

 

Ying Mu: 100% of AlienSwap’s profits will be returned to the community, which means that the platform’s collectors and artists will truly own and become part of AlienSwap. AlienSwap uses various innovative mechanisms to give back and reward community users and artists.

We will reward all valuable behaviors of community users and artists. What are valuable behaviors?Including but not limited to trading, listing, referral, holding, and creating.

…creating.

All members in the community share AlienSwap’s growth dividends such as 100% trading fee, trading rewards, staking rewards, and membership rewards.

 

Host : What kind of product innovation will Alienswap have?

 

Ying Mu:  User needs of the current NFT market are always the first principles of AlienSwap product innovation. The community pushes us to meet the unmet needs of the current NFT market.

There’s no doubt that the needs of the community deserve to be fulfilled!

We have an innovative membership mechanism, first of all, we are the first membership-based NFT marketplace.

You will experience bulk trading and batch listing in the AlienSwap NFT marketplace. These are features that the community has been clamoring for but have yet to be implemented by OpenSea.

AlienSwap will also support NFT aggregation, which means we will get liquidity from multiple NFT markets to ensure collectors can get the best deal.

Host: Could you please tell me if the project will have its own token and what will be its Total Supply? Will airdrop rewards be distributed to the community?

 

Ying Mu: Of course, AlienSwap will have our own platform token and the total supply will be 1 billion. Launch time to be determined. We will give airdrop rewards to NFT community users.

 

Token incentives are an important part of promoting the growth of the AlienSwap community. We will give back to the community, which makes us different from OpenSea.

 

It is very reasonable for community members to contribute and be rewarded. All the efforts of the community will eventually lead to a better AlienSwap.

 

There are many ways to contribute to our community, such as translating, putting forward good suggestions and ideas, helping the community to cooperate with influential people or project parties, actively participating in community activities, and even you can propose event ideas, and we will realize it together it.Everyone’s contribution to the community, we will record, this is the glory of our community.

 

everFinance

 

Host : everPay proposed a brand new paradigm —- Storage-based Consensus Paradigm (SCP), can you give a brief introduction about that?

 

Gerry Wang:  everPay is built on top of Arweave. The reason why we choose Arweave is that we see the infinite possibilities brought by deterministic storage, and based on this, we proposed a brand new paradigm —- Storage-based Consensus Paradigm (SCP)

 

When we come to the Arweave, most users might only understand it as a decentralized storage blockchain like IPFS and Filecoin.

But the biggest selling point of Arweave is not just storage, but storing data permanently. Permanent storage means that once you store your data/file on Airweave, no individual or institution can tamper with it and delete it. It brings another two attributes to the data, immutable and traceable.

Sounds familiar, right? Yes, This creates a consensus based on permanent storage, in other words, it becomes trustless.

 

Let us dig deeper.

 

On Ethereum, computations are executed by all the full nodes, which then generate and store the global state for query.

 

Different from it, the SCP separates computation from storage. The blockchain is merely used for data storage, while the off-chain smart contracts are responsible for executing all the computations and storing all the states generated. Off-chain smart contracts can be written in any programming language, with all the inputs coming from a storage-based blockchain.

 

Sounds like centralized, but if you think about it, you’ll see that it is still a trustless system, because you can run the open-source smart contract with all the inputs coming from the Arweave blockchain which is immutable and traceable. That’s a way to verify the consequences of computation.

So don’t trust it, verify it!

 

The advantages of SCP are:

  1. Low Development Barriers: Smart contracts on ETH are required to be written in Solidity using an EVM. But off-chain computation programs can be written in any programming language. That Makes developers can migrate WEB2 applications into WEB3 applications very easily.
  2. No Performance Limitation: Off-chain computation delivers superior performances similar to traditional applications because the off-chain servers can process massive transactions. In this way, the TPS depends on the machine performance of servers and the technical architecture of applications.
  3. Low Consensus Cost: It’ll only cost 1 dollar to process up to a million transactions.

everPay is a financial protocol using the SCP paradigm.

That’s why it has the capacity for real-time transactions, 0 gas fees, unlimited TPS, etc. It is consequently a perfect payment solution for the future financial infrastructure.

You can visit everpay.io to experience our product.

 

Host:  You released Permaswap’s official website and white paper not long ago. Please introduce this DEX. Why develop a DEX? What kind of mechanics will it have, and will there be mining or airdrop possibilities early on?

 

Gerry Wang:Permaswap is a fully decentralized exchange using the SCP paradigm, it is also built with the everPay protocol. I’ve explained SCP and everPay quite a bit, and for Permaswap, the principles are the same.

Permaswap is not so much a DEX as a fully decentralized P2P network. This network has 2 roles, the Router node, and the LP node. The nodes in the network perform price calculations and build peer-to-peer orders in a distributed way according to protocol rules. Any individual or institution can deploy a program to provide liquidity in the network.

 

The advantages of Permaswap are:

 

1). Censorship Resistant Peer-to-peer Network. A fully distributed P2P network where anyone can deploy Router and LP nodes. Censor-resistant, it cannot be interrupted or shut down.

2). Infinite Scalability. Each Router can connect to hundreds of LP nodes providing exchange services to thousands of users. Numerous Routers can be deployed on the network in order to provide price distribution and order generation.

3). Flexible Configurations. Network protocols support multiple types of AMM market-making curves. LP nodes can select market-making curves according to their own requirements.

4). No MEV. Users sign orders with a deterministic bundled transaction that identifies income as well as expenditure, the bot can’t carry out MEV attacks nor can it utilize the user’s assets for arbitrage.

5). Asset Self-Custody. If you are an LP, you don’t need to store your assets in a smart contract to provide liquidity. Instead, you simply store assets in your everPay wallet and run an LP node to provide liquidity. This makes your assets more secure and in complete control.

 

Why develop a DEX?

The reason why we want to develop a DEX is that the primary goal is to provide a decentralized exchange service for Arweave ecosystem tokens and activate the liquidity of those tokens. The main situation of the Arweave ecosystem is no DEX can provide liquidity for eco-assets. We will be the first DEX in Arweave ecosystem.

The mechanism of this swap is this Network consists of two types of nodes, Router and LP. The Router is responsible for price aggregation and order generation, while the LP provides asset liquidity to the network.

When a user makes a trade request to the Router, the Router generates a quote based on the collected LP information and returns it to the user as an everPay bundle transaction. After confirming the quote, the user signs the bundle transaction using his wallet. At the same time, the bundle transaction is notified by the Router to the relevant LP for signing. When all parties involved in the transaction have signed, the order is then sent from the Router to everPay for real-time execution.

Any individual or institution can be a Router node or LP node. We will open up the rights to become nodes in phases in the future. There are four Phases.

1). First Phase, There’s only one Router node and a limited number of LP nodes. In this Phase, only holders who hold everPay auction NFTs can be LP nodes and mined for liquidity and rewarded with PSN tokens. However, PSN tokens are not transferable on the Precursor network.

2). Second Phase, Any individual or institution holding PSN tokens can join by staking PSNs and becoming an LP node in order to provide liquidity to the network.

This phase will have PSN airdrops as well, if you are our community members and NFT holders, you will get airdrops.

3). Third Phase, the network will start with a limited number of Router nodes acting as the network hub. Individuals or institutions with NFTs will be able to enter the network as Router nodes.

4). Fourth Phase, Any individual or organization can become a Router node in the network by staking PSN.

So if you are interested in this project, Two things are important for you, NFTs and PSN tokens. Now you can’t get PSN tokens, but can win NFTs in every round of the everPay auction events, you also can buy one through this page. https://permaswap.network/#/nft

 

Host: Will everfinance trade NFT in the future?

 

Garry Wang: We have a plan for it, this feature is not difficult for us. In fact, all aspects of the technology are ready.We can not only do the transfer NFT of 0 gas in real time on the everPay network, but we can also trade in real time on the Permaswap DEX.

 

But there is a lack of development resources to do this recently. Because we will now focus on Permaswap, this is obviously more urgent for the entire ecological community.

 

Here, I want to explain. Our core product is the everPay protocol, and there’s a lot you can do with this protocol. But this obviously shouldn’t just be our team, we would love to see more community developers or teams come together to make more good Web3 apps. So if you have the skills and desire, you can contact us and become a member of the ecology.

Here is our Twitter @FinanceEver

 

WAX

 

Host : What is the WAX NFT ecosystem ? Can you introduce it ?

 

Lee: WAX’s approach to NFTs has always put fans first.  So while a lot of NFT platforms have focused on expensive ones, WAX has focused on selling millions of NFTs at affordable prices. This is made possible by the low costs and high speeds of the WAX blockchain, which now has more than 250 million NFTs.

 

NFT sets like Capcom’s Street Fighter Series One resulted in 2.4 million individual NFTs sold in 24 hours for an average price of $1 each.  And for large brands, that ability to service a mass market is very important to them.

 

WAX has also become the leading blockchain for games, with the largest game projects of any blockchain, leading to a high volume of game NFT sales. When you look at dApp Radar, you will see that across all blockchains, WAX has 4 of the top 6 dApps in the world for number of users.  WAX also has the top 3 games in the world for number of users and 4 of the top 10, including Splinterlands, Alien Worlds, Farmer’s World and MiningNetwork.

 

Host : Waxp has list on many exchanges, so what is the usage scenario of Waxp ?

 

Lee: The primary use cases for WAXP are as follows:

 

1). NFTs: WAX has the largest NFT ecosystem of any blockchain, including more than 250 million NFT assets from more than 30,000 dApps and NFT projects.  Users can utilize WAX tokens to buy and sell NFTs in many dApps and marketplaces, such as https://wax.atomichub.io/, https://neftyblocks.com/, and many more. You can see top projects and daily volume of WAXP tokens spent on NFTs on various marketplaces (primary and secondary) here: https://waxmarketcap.com/.  Therefore, the WAXP token is the engine driving this massive economy of NFTs, marketplaces, dapps and games.

 

2). Resources:  Similar to other blockchains like Ethereum that require gas fees to operate, WAX requires Resources.  These include CPU, NET and RAM. dApp developers and users need NET, CPU, and RAM to perform actions on the WAX Blockchain. Each WAX Token staked corresponds with a certain amount of NET, CPU, and RAM. While NET and CPU are staked for, RAM is bought and sold through the RAM market due to its limited supply. Users can manage these resources directly in the WAX Cloud Wallet.  Alternatively, dApp developers can stake these resources or provide RAM on behalf of their users. If you run out of resources, you must stake more WAXP or you will not be able to perform transactions (similar to not having enough to cover gas fees in your wallet).

 

3). Tokens: There are also hundreds of tokens that run on the WAX blockchain for various dapps and games.  These tokens are built on the WAX Protocol by developers the same way that ERC-20s are built on Ethereum.  See https://alcor.exchange/markets and be sure to select “WAX Mainnet” to see the vibrant token ecosystem that exists on WAX.

 

Host :​​ Wax has accumulated a lot of users, what methods will you use to keep users active?

 

Lee: As mentioned above, WAX is the best blockchain for gaming.  This has been the key to our user growth and will continue to drive engagement and additional user growth as the game ecosystem continues to evolve with more and better games every day.

We are now building our own games. Check out https://www.bcbrawlers.com/

And today we announced our next game. https://www.musicmogul.io/

 

Host : Now let me ask 3 guests some questions , please answer them.

 

1.What do you think of DEFI  2.0?

 

Ying Mu: The development of DeFi has been along the two directions of releasing credit potential and improving capital utilization efficiency, and DeFi 2.0 has not deviated from these two directions.

 

For example, LP Token pledge, allowing locked assets to obtain liquidity, essentially unlocks the credit value of LP Token, and also improves the efficiency of capital utilization.DeFi 2.0 achieves higher composability.

 

Gerry Wang: From DeFi Summer in 2020 to now, it seems to be a process from adding leverage to deleveraging. This is a complete cycle of decentralized financial innovation generated by blockchain technology.

 

This is also like an experiment to practice the traditional financial model with blockchain technology, and a large number of investors and funds have entered this big experiment to prove that this is the future financial form.Whatever the outcome, it was a very rewarding practice.

 

But for me, honestly, I don’t care if DeFi is 2.0 or X.0. What I care about is if our infrastructure is ready to improve DeFi and all blockchain applications to a larger users. What I care about is whether the Web3 network we’ve been talking about is going to happen in the foreseeable future. So we explored more with different paradigms in different public chains, and SCP was the more interesting solution we found. Reduce the threshold of development and use, improve system performance and stability. Finding a balance between on-chain and off-chain to achieve all of this, I think, is meaningful.

 

Lee: WAX has always been a fan of Defi that is backed by a real economy rather than more artificial constructs that have been so often seen in the defi space.  That’s why WAX defi is backed by the NFT market.  The tokenomics of the WAX blockchain allow you to earn a percentage of on-chain NFT trading as a staking reward via WAX Defi.

 

Host: 2. What do you think of the future of NFT markets? How should the nft trading platforms meet the needs of users better?

 

Ying Mu: Community and innovation are the future themes of the NFT market, and user needs are the first principles of the NFT market.

There was no Binance before 2017.No FTX before 2019.Uniswap was not well known before DeFi summer.

There will always be new things in this market, and new people will replace the old talents is the main theme.

The greatest strength of AlienSwap is our community, and we will continue to invest in the community and grow with the community.We move faster and build better products.We will let the community truly own a part of AlienSwap, when AlienSwap is owned by 1000, 10000 or even more community members, it will have invincible power. This is AlienSwap’s way to breakthrough.

The future belongs to AlienSwap, please join us now and build with us:https://alienswap.xyz/

 

Garry Wang: First, from the very nature of NFT, we need a purer NFT.

NFTs are traditionally created by writing a custom smart contract and linking the resulting token to an asset URL. But inking off to a URL for the NFT asset is fraught with centralization and reliability issues.

So we indeed need another type of NFT, in the Arweave ecosystem, we call it Atomic NFT. Atomic NFTs are just ONE SINGLE Arweave transaction comprising : Asset file, Metadata file, Smart contract. This keeps everything immutably and permanently forever, so collectors don’t have to worry about owning a broken link in 5 years time, and artists don’t have to worry about keeping on paying for their centralized storage solutions.

If we want NFT to play a bigger role in the future, we must find a way to expand its use, which would be very limited if it were only an art collection. Of course, we also see different application scenarios in the industry, such as Uniswap V3. That’s something we need to explore more.

 

Lee: The key is utility. NFTs as pure collectibles rely solely on the idea of asset appreciation from future buyers.  Game NFTs, however, offer additional motivations for NFT ownership and create a greater affinity between NFT holders and their NFTs. Trading platforms should work to add new functionality that meets the needs of gamers, along with better access to both fungible and non-fungible tokens that are all critical components of these games.

 

Host:  Free asking section

 

Q1.What is Wrapped AR?  What is the advantage of using this?

 

Gerry Wang: Arweave is one of the most competitive and easiest-to-use storage chains. However, for those who want to store files on Arweave, there are only a few ways to obtain AR, the native token of Arweave. Generally, users can merely obtain a small amount of AR through ARfaucet, or purchase some AR on the centralized exchanges such as Binance. Hence, we are really in need of a decentralized way to  obtain AR.

 

That’s why we need Wrapped AR to create an ERC-20 token that represents AR in Ethereum and build an AMM pool, enabling more users to obtain AR in a decentralized way for using Arweave’s decentralized file storage service.

 

Similar to wETH and wBTC, wrapped AR is an ERC-20 token backed 1:1 with AR, which means one wrapped AR is always equal to one AR.

 

Users can get Wrapped AR tokens (WAR) by depositing AR to Ethereum blockchain via everPay.

 

Q2. ​​Can you tell us about your team members? Are they qualified and professional in their fields? What are the recruiting qualifications for team members for your extraordinary project?

 

Ying Mu: AlienSwap’s core team is from OKX, Binance, and top internet companies. We have successfully built or participated in products with hundreds of millions of user growth in the past and created exciting trading and platform products.

Our team leader used to be the leader of the OKX listing operations team.

Core developers are from Momo & Binance, and have experience in coding trading matching engines.

Most of our team has been in crypto for over 5 years.

 

Q3. WAX’s gaming on its blockchain has grown considerably in recent months. What do you think is driving this trend?

 

Lee : It comes down to several factors.  First, WAX has already aggregated the largest blockchain audience in the world with more than 13 million blockchain accounts and hundreds of thousands of daily active users. A couple additional factors are low cost and high speed.  WAX transactions are nearly instant and nearly free.  With fast transaction times at 8,000 transactions per second and low fees, developers can design their blockchain dapps to be fast and users can take full advantage of these features without worrying about high fees. This all adds up to provide the best environment for successful game projects.

 

Q4. What makes your project so special? What makes it more appealing than other NFT projects already existing on the market?

 

Ying Mu :AlienSwap is truly an NFT marketplace built for the community, a membership-based marketplace that gives 100% of its revenue back to the community, where all collectors and artists can enjoy trading and be rewarded.

 

3 reasons make AlienSwap different from other marketplaces:

 

1). AlienSwap is a real decentralized NFT market, which means that all community members and traders can 100% own AlienSwap.

2). We Aliens build. All community members experience, trade, communicate, and improve on AlienSwap. The community is what makes AlienSwap stronger.

3). We Aliens share. All members in the community share AlienSwap’s growth dividends such as 100% trading fee, trading rewards, staking rewards, and membership rewards.

 

There will always be new things in this market, and new people will replace the old talents is the main theme.

The greatest strength of AlienSwap is our community, and we will continue to invest in the community and grow with the community.

 

We move faster and build better products.We will let the community truly own a part of AlienSwap, when AlienSwap is owned by 1000, 10000 or even more community members, it will have invincible power.

 

Q5. How does the WAX Project attract investors to develop its ecosystem ? and what is the advantage of the Wax blockchain in that you get a nomination from @NFT_NYC as best blockchain for NFTs??

 

Lee: WAX has the largest NFT ecosystem of any blockchain, including more than 250 million NFT assets from more than 30,000 dApps and NFT projects. WAX has already aggregated the largest blockchain audience in the world with more than 13 million blockchain accounts and hundreds of thousands of daily active users. WAX transactions are nearly instant and nearly free.  With fast transaction times at 8,000 transactions per second and low fees, developers can design their blockchain dapps to be fast and users can take full advantage of these features without worrying about high fees. Just look at https://dappradar.com/industry-overview

 

 

Q6. How does everPay enable real-time transfers?

 

Gerry Wang: That’s because we’ve separated on-chain computing from storage. We store all transactions in Arweave as a package, but it doesn’t include the calculation results. The result of calculation is obtained on the server of the calculation off-chain and displayed to the user, so it achieves real-time performance.

If users don’t believe the results, they can verify the results by running an open source smart contract and downloading the transaction data from the chain. That’s what verifiability is.

 

Q7.How do you as Ever Finance ensure your blockchain layer security?

 

Gerry Wang : everPay ensures the security of your assets through the following way.

 

  • All the assets deposited into users’ everPay accounts are stored in the DAO of everPay.
  • All the everPay transactions are recorded on the Arweave blockchain to ensure ledger consistency.
  • All the everPay transactions are validated by cryptography.
  • No one can transfer the assets in any everPay account by forging signatures.

 

Q8. With so many NFT platforms out there, Alienswap has chosen to partner with big platforms like OKX and Wax. What’s the growth plan? Will it bring new users and benefits to the platform?

 

Ying Mu:

We have launched AlienSwap NFT Influencer Program to invite influencers alienswap community ,and more than 300 influencers have applied . https://alienswap.xyz/plan

 

NFT projects and influencers are equally important, and we are already taking action to cooperate with the project community. In addition, we will develop growth tools for NFT projects, which will help us get support from the project side.

 

And we will launch the AlienFrens Discovery program this week to bring more users to our community.

 

 

Q9.What are the competitive advantages of your project? What advantages do you have over competitors? What would be your project’s most similar contender in the market today in terms of scalability, security, features, and adaptability?

 

 

Gerry Wang : Our advantages are

1). Low Development Barriers: Smart contracts on ETH are required to be written in Solidity using an EVM. But off-chain computation programs can be written in any programming language. That makes developers migrate WEB2 applications into WEB3 applications very easily.

2). No Performance Limitation: Off-chain computation delivers superior performances similar to traditional applications because the off-chain servers can process massive transactions. In this way, the TPS depends on the machine performance of servers and the technical architecture of applications.

3). Low Consensus Cost: It’ll only cost 1 dollar to process up to a million transactions.

 

So it really fits the Web2 team who want to migrate in Web3 network.

 

Q10. Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relationships?

 

Gerry Wang:

Thanks for sharing information today! we will keep following your update ! For more information please follow official media channel

 

Alienswap:https://twitter.com/AlienSwap_NFT

everFinance: https://twitter.com/FinanceEver

WAX.IO:https://twitter.com/WAX_io

 

About OKX Blockdream Ventures

OKX Blockdream Ventures is an investment institution under the worldwide top trading platform OKX. It focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

 

OKX Blockdream Ventures is also committed to helping entrepreneurs who contribute to the development of the blockchain industry build great companies and bring global resources and historical experience to blockchain projects. The initial capital of OKX Blockdream Ventures is USD 100 million.

Web: https://www.okx.com/blockdream-ventures

Twitter:https://twitter.com/OKX_Ventures

Medium: https://okxblockdreamventures.medium.com/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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