SubSocial Announces Its Bid For Parachain Slot On Kusama

By November 11, 2021Polkadot
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SubSocial Announces Its Bid For Parachain Slot On Kusama

SubSocial announces that it will be bidding for one of Kusama’s coveted parachain spaces. As a result, SubSocial also invites Kusama (KSM) holders to join in its crowdloan campaign in return for significant rewards in native SUB tokens. The project’s native token is SUB, which has a wide range of uses on the SubSocial platform.

SubSocial, an open platform for decentralized social networks and marketplaces of the Polkadot ecosystem. Moreover, its web user interface allows users to create their own decentralized censorship-resistant community along with in-built monetization methods.

Significantly, SubSocial has the possibility to become the first social media platform that directly links with the emerging Web 3.0 as a social network for Polkadot and Kusama (Dotsama) community. Along with the vision of integrating this social platform with Web 3.0, Subsocial plans to bid for a parachain slot.

Since the launch of the first parachain auction, Kusama has deployed eleven projects successfully and is establishing a vibrant, interoperable ecosystem of applications. The platform focuses on implementing and integrating more features to highlight the Dotsama ecosystem’s potential and extensive capability.

SubSocial Launches Crowdloan Campaign

Subsocial is initiating a crowdloan campaign as part of their proposal for a parachain slot. The structure of the campaign is designed to achieve a simple and transparent way. The crowdloan will receive 16.5 million SUB tokens or 16.5% of the total quantity of SUB tokens. 15 million of these will be allocated as guaranteed prizes. The remaining 1.5 million will go toward referral bonuses, which will be disbursed according to the referral program’s conditions.

Additionally, participants of crowdloan are eligible to earn referral bonuses. Whereas, each participant will be provided with a unique referral code which will enable them to earn 15 SUB for every KSM their referral provides. This concept is split in a 50:50 ratio between the referrer and the referee.

Furthermore, this campaign is meant to encourage users to use SUB tokens for various use cases on the platform. Users can begin by developing their own social network and experimenting with monetization elements. Users can receive updates for the process of crowdloan campaign from their social channels.

DigiNation
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werewolf exchange

NFT’s are the latest utility of blockchain technology that has taken the world by storm. This technology is disrupting various avenues from art and sports collectibles to gaming and real estate. The NFT gaming industry has particularly boomed in the past few years and is becoming the future of the gaming industry.

The first time NFTs were introduced in the gaming industry was in 2017, when CryptoPunks conducted a giveaway and in Crypto Kitties video game which was one of the first NFT games. However, the success of Crypto Kitties was short-lived as it was one of the early models and lacked robust underlying architecture.

Regardless, the NFT gaming industry is evolving now, and several projects are offering players a chance to earn cryptocurrencies while playing games. One of the newest additions to the NFT gaming industry is Werewolf. Werewolf is a unique cryptocurrency exchange with DeFi capabilities. As the name suggests, the Werewolf project takes inspiration from the old and popular myth about a human and wolf hybrid.

Werewolf Protocol harnesses the power of blockchain to evolve cryptocurrency and consists of various decentralized finance-based apps including, a Decentralized exchange, a Staking mechanism, an NFT marketplace, Finance gaming, and more. The ecosystem is powered by the Werewolf Coin (WWC), a utility token used for the governance of the project.

NFT Gaming with Werewolf

Werewolf has designed an FPS game in sync with the mythologies of werewolves. The game is about being a werewolf in a pack. The pack is the most important survival tool for the werewolves, which is excitingly demonstrated in the game. The game is brutal and dysfunctional to offer an exciting and fun gaming experience. The fearless Alpha leads the pack and can build their pack of betas on the blockchain.

As the blockchain allows tokenization of assets, it acts as a great building block for a decentralized gaming asset marketplace as designed by the Werewolf Protocol.

Here are some of the advantages of NFT gaming.

  • NFTs allow users to earn or purchase in-game assets that are registered on blockchain to secure copyright.
  • These NFTs can be sold or staked to create an additional source of income.
  • NFT games are more fun as they are based on a play-to-earn model where players are rewarded for their efforts.

The decentralized game from Werewolf protocol combines all the functions of the project in a single place with the added excitement of playing as a werewolf. To learn more about the Werewolf protocol, visit https://werewolf.exchange/.

Odin
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Odin

Odin is a very promising project with a development team that is working hard into providing the users with a plethora of features, capabilities, and tech. Today, Odin has expanded its blockchain from using just Solana into incorporating Cardano as well, creating a multichain platform that will become more efficient and secure.

Benefits Of Working In Multichain

Multichain incorporates the use of more than one blockchain to operate a platform, As a private blockchain, it assures network scalability by restricting the data shared every block, removing extraneous data, and increasing transaction speed. Because the blockchain’s activity is only accessible to selected users, it also provides enterprises with much-needed project privacy.

Multichain uses multiple chain data storing approach to tackle scalability difficulties. Every item of data published to a stream can be on-chain or off-chain, depending on your preferences. MultiChain does not duplicate data to every node, unlike other blockchains where all nodes are expected to validate and keep transactions. The size of blocks is lowered by embedding hashes of big chunks of data, rather than the data itself, within transactions. Each piece of data’s decryption key is only shared with the participants who are supposed to see it.

Benefits of Cardano

Cardano (ADA) is a low-fee blockchain that can handle transactions and smart contracts without a lot of overhead. Its dual-layer architecture separates computing tasks from settlement procedures, allowing each layer to handle the increased workload. Cardano (ADA) may not be the cheapest cryptocurrency to trade, but it is unquestionably a low-fee coin to transfer and engage with.

OKEx Partnership

On a separate note, Odin has also announced its partnership with OKEx, part of Odin’s plans to integrate with exchanges to streamline integration between the platform and the various exchanges it plans to support for its users. The Odin team is working on allowing the platform to support connecting to both centralized and decentralized exchanges; creating a fresh take on the creation of algorithmic decentralized bots.

Find out more about Odin by visiting the website.

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