“UNI, the Uniswap Protocol token, is live! Uniswap is now particularly well positioned for community-led growth, development, and self-sustainability. The introduction of UNI (ERC-20) serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future.
UNI officially enshrines Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.
60% of the UNI genesis supply is allocated to Uniswap community members, a quarter of which (15% of total supply) has already been distributed to past users. 400 UNI are claimable by each address that has ever called the Uniswap v1 or v2 contracts. This includes ~12,000 addresses that have only ever submitted failed transactions — love you guys. 49 million UNI are claimable by historical liquidity providers.
To start, UNI is available through four liquidity mining pools: UNI holders may vote to add more pools after an initial 30-day governance grace period.
With 15 % of tokens already available to be claimed by historical users and liquidity providers, the governance treasury will retain 43% [430,000,000 UNI] of UNI supply to distribute on an ongoing basis through contributor grants, community initiatives, liquidity mining, and other programs.
A community-managed treasury opens up a world of infinite possibilities.”
See Also: How to Claim UNI (Video)
See Also: Uniswap’s Distribution Is Built on Something That Can’t Be Forked: Actual Users (Recommended read)
See Also: Ethereum’s Pending Transactions Jump 30% After Uniswap’s Token Claim Begins
“China’s state-sanctioned blockchain infrastructure project is finally bringing public chains to its Chinese users – but with a significant twist.
The Blockchain-Based Service Network (BSN), a standardized internet services provider for decentralized applications (dapp) developers, plans to make 24 public chains available in its network for Chinese users starting from the second half of November.
These public chains will look quite different after being “localized” for the Chinese market, however. The network will make the decentralized public chains permissioned and replace their tokens with direct payment by the Chinese currency renminbi to cover transaction fees on these chains. To make public decentralized chains, such as Ethereum, permissioned, BSN will only allow its designated operators to build and operate nodes.
BSN has made it technically impossible to do any virtual currency transactions on the public chains.
‘We will not use their original names when they go live on BSN.’ The chains will be renamed based on 24 Chinese solar terms. BSN aims to complete all 24 public chains’ integration with the domestic version of the network during the first quarter of 2021.
Unlike in the localized version, public decentralized chains are allowed in the global version of BSN.”
“Over $1 billion worth of bitcoin has been tokenized on Ethereum as the total supply of tokenized bitcoin (BTC) passed 92,600 on Thursday, or 0.42% of the total BTC supply.
Wrapped bitcoin (WBTC), the largest tokenized bitcoin project, has minted over 60,500 tokenized BTC since its launch in early 2019, representing over 65% of the total tokenized BTC supply. RenBTC, the second largest tokenized bitcoin project, has issued 22,000 tokenized bitcoins since May.”
“The prediction market technology firm is copying all its smart contracts over to Ethereum sidechain xDai. The move will include DXdao’s Omen, an app for prediction markets, and SAFE, Gnosis’ decentralized exchange (DEX) and multisig wallet.
‘The situation is different now.’ This isn’t the CryptoKitties craze of 2017. Lots of dapps are clawing for Ethereum’s compute power. If activity calms on one decentralized finance (DeFi) platform, it’s likely to perk up on another.
A sister chain of Ethereum in operation for the last two years, xDai is a proof-of-stake chain that enables fast and stable transactions for fractions of a penny each. Since its core currency is dai (DAI), these transactions are made at predictable and understandable values for users.
While other layer 2 options are under development now (such as Optimism and zk-Rollups), in George’s judgment, xDai is the only one that’s ready to go, with adequate tooling (such as block explorers) for developers to work effectively.
It’s a very dev-friendly, EVM-compatible chain so few code changes are needed to deploy to xDai.
xDai could also be a preview of Ethereum after sharding gets deployed and gas fees go down. In that future, dapps will need to create an asynchronous logic in order to communicate with applications on other shards.”
“FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.” The new AML regulations aim to identify and combat illicit financial activity through robust record-keeping and risk assessment requirements.
The regulatory amendments under consideration are intended to modernize the regulatory regime to address the evolving threats of illicit finance, and provide financial institutions with greater flexibility in the allocation of resources, resulting in the enhanced effectiveness and efficiency of anti-money laundering programs.”
“Wirex — the first cryptocurrency platform to be granted a Mastercard principal membership — will release a new multi-currency card on the heels of the membership.
Wirex is a London-based crypto payment processor and is regulated by the U.K.’s Financial Conduct Authority, with a license to issue crypto cards in Europe.
The multi-currency Wirex Card will be supported by Mastercard and linked to 19 crypto and fiat currency accounts in the Wirex app.”
See Also: US Homeland Security Challenges Freelancers to Design It a Digital Wallet
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“Bitcoin (BTC) is getting its best “advertisement” once more as another major central bank floats the idea of charging people to save their money. According to the results of the meeting, the BoE will enter discussions with banking regulators over negative rates.
The bank is leaving all options on the table, due to elevated uncertainty.”
“A report from intellectual property consultancy KISSPatent Thursday found the Chinese tech conglomerate was “definitely running the show,” having already published ten times more blockchain patents than IBM, its nearest rival.
The first half of 2020 had more patents than the whole of 2019. In turn, 2019 had triple the number of blockchain patents compared to 2018.
Another key point was that most of the patents were filed by traditional Fortune 500 companies rather than companies that exist wholly within the blockchain space. That might be down to blockchain’s prevailing open-source culture, which is at odds with the practice of patent filing.“
“Blockchain could soon be integrated into South Korean apartments. The South Korean Ministry of Science, or ICT, chose a local firm, Ksign, to develop a contact-free platform which will let residents engage with electronic voting, parking space management, and other housing-based governance measures.
We are developing a DID that can be applied to the token ecosystem by controlling personal information and verifying the identity.”
“Peer-to-peer cryptocurrency marketplace Paxful announced Sept. 17 that it had broken ground on a new school in Nigeria. This is the fourth school of 100 planned as part of its #BuiltWithBitcoin initiative to bring quality education to emerging countries.
The school, located in the Ankara Nandu community of Sanga Local, will serve an estimated 100–120 children between the ages of three and six years old, and double as an adult education center in the evenings.
We chose this particular community because of the lack of necessary resources and limited school infrastructure. They are in dire need of quality learning spaces.
As with all schools built as part of the initiative, the new facility will come with a state of the art solar power and water well and filtration system. Paxful covers all of the fees associated with running the schools, including teacher and support staff salaries, bills, school supplies and uniforms for the pupils.”
See Also: Built With Bitcoin