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" One Of The Most Innovative Blockchain Ecosystems Of The Year "
Stephanie (BSC.News)
Hello everyone and welcome to the AMA with IllumiShare! Today we have @Ben_illumiShare_SRG joining us to talk about their exciting new project. Great to have you here :)
Ben
Hello everyone!
I'm excited to be here today.
Stephanie (BSC.News)
Welcome! Without further due, we will jump right into the questions. Sounds good with you?
Ben
Of course
Stephanie (BSC.News)
Great, so to kick things off, for those who may be unfamiliar...\
1. Please introduce yourself and the team behind IllumiShare.
Ben
My name is Ben Sharon the CEO and Co Founder of IllumiShare SRG - the Founders with me are Max Gomberg the CMO and Ofer Chen the CFO.
And Of course His Highness Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan from the Royal Family of Abu Dhabi.
Our team consists of the top experts from the Blockchain, the Fintech and Global Banking industries
Like an example:
- Dalip Tyagi - Senior Vice President of Polygon, he was the Head of Marketing and Director of Alexa ai project in Amazon and was the Director of Facebook as well.
- Jason Tay - the Ex-Vice-president of JP Morgan, right now he is the main consultant of the CBDC project in Singapore.
- David Munoz - Former Global Head of Credit Strategy & Global Head of Macroeconomic Strategy at BlackRock.
- Former Vice President at Credit Suisse. Former Chief Executive Officer and Founder at Fast Bank (Digital Bank).
- Les Male - Chief Executive Officer of Dubai Gold & Commodities Exchange. Former MD Sales, Commodities Europe at Nasdaq. Former Member of External Advisory Council, Skyline University.
- Apoorva Bajaj - IIT, IIM, Gold Medallist, CFA Charterholder with 10+ years in Goldman Sachs, D.E. Shaw and J.P. Morgan. Held senior position in the Digital Assets Department. Avid Crypto investor & Blockchain technology consultant. Awarded by Polygon & Cardano Blockchain.
Currently we have more than 170 team members and our Ambassadors program with more than 120 Ambassadors from 50 countries around the globe.
Stephanie (BSC.News)
Awesome! Thank you for that amazing introduction, sounds like you have an amazing team behind you
2. What is IllumiShare and what are you trying to accomplish with your platform?
Ben
IllumiShare SRG is the first Trust Token that backed up 3 uncorrelated assets -
The first asset is physical Gold which will be kept in Abu Dhabi Bank in a transparent manner including live broadcast 24/7 including providing certificates of the quality and quantity of the gold - beyond that we will use the gold as a reserve only when the marketcap will drop down in a certain percentage which will play our algorithms.
The second asset is Cash money - we built a recovery fund that built on the margins between the gold market price and our price - because our investors are big players in the gold industry, they own mines and refineries so we have our own prices - we will keep the margins between them in cash and we will use it to backup the backup.
The third asset is Technology - Using mathmathichans, economy experts and algorithmists we built an auto burn mechanism that means that we will burn a certain percentage from the maximum token supply in target to stabilize the price and as we saw on our simulations it will raise the price up.
It is very important to mention that we are not a "Stable Coin",
We believe money should give the people both stability & opportunities. That's why we defined a new category in the crypto sphere we called it Trust Token. We created a floor price that will be correlated with the all-time high, but our upper limit price is unlimited.
*The main application* of IllumiShare SRG is a unique assets backed NFT marketplace.
I’m sure that you heard about Open Sea - the biggest NFT marketplace in the world, that just announced 3 months ago that more than 90% of the NFTs are scams, are frauds. We built an anti-fraud system that will cross-examine every social media creator profile with the claimer who claim to be the creator, if there is no sync, it will decline the request of the upload to IllumiShare's Marketplace platform.
Another part is the no-code module,
The no-code module means that everyone can generate their own NFT collection without using any single line of code.
We are going to focus on 4 unique categories,
But before I elaborate about it, I want to clarify that we are just the platform.
Let’s take an example from Uber and Airbnb,
Uber don’t own any taxi and Airbnb don’t own any apartment.
They are connecting between A party to B party and they are in the middle including the compliance and the management,
We will be only the platform in the middle with the compliance and the management.
The first category is
Real Estate - we are already in negotiations with some of the biggest real estate companies, right now specifically from UAE, Europe, and Africa.
Each of the Real Estate certified companies will have the ability to tokenize their physical assets, and for example, they can take one apartment, or one office and split it into 100 or 200 different NFTs and sell pieces of apartment and pieces of office to people that can invest only $5,000 or $10,000 in the real estate industry With full transparency.
The second and third categories are Gold and Diamonds, the Gold and Diamonds are splited to two different channels, the first channel is to be an alternative to the regular certificates as we know them right now. Right now, GIA and Brinks are the biggest, we are aiming to be an easy alternative using the NFTs and with full transparency.
The second channel is only for certified mines, right now it takes to the mine’s owners up to 3 or 5 years until they take out the resources from the ground. Until then, they need to pay employees, they need to pay all around, and the banks and the financial institutions are super tough with them, because of their demand for at least 40 or 45% of their predicted revenues. We will give them the opportunity to tokenize their potential assets using our platform and by that to easily fundraising, they must share some percentage of the revenues with full transparency witg NFT investors.
The third category is Agriculture - we will be only the platform, and we will work only with certified companies, and certified farmers, which will have the ability to tokenize their plants with full transparency which will give them the opportunity to easily fundraise including sharing their revenues with the NFT investors. All the trades in this platform will be exclusive with a $SRG token.
Stephanie (BSC.News)
Okay wow thank you for all that information! I like how you raised example with Uber and Airbnb. Let's unpack a bit as there was a lot I wanted to touch on. So first let's talk about your token
3. Can you tell us more about $SRG token?
a. Utilities
b. Tokenomics
Ben
Sure. The utilities are:
1. SRG Pay - The real-life value means that we believe people will have the ability to buy milk, bread, vacations, house car, and NFT’s in the metaverse from the virtual and the real world, using our token without any swap process. We have already signed with some interesting brands including Education entities, financial institutions, Crypto Bank, Mega Yachts Ship Yard, Gaming companies, etc - they will add our token as an additional payment method in the near future after we finish developing our payment getaway.
2.Governance Voting - using the token iside the DAO Donation plan & Wealth fund.
3. All the trades in our NFT Marketplace will be exclusively with $SRG token.

90% of Founders & Management Team tokens locked for the first 2 years; 70% locked for 3rd year; 50% locked for 4th year; and 40% locked for the 5th year.
Stephanie (BSC.News)
Okay neat, so to dive even deeper into that
4. Why do you think IllumiShare SRG token is more stable than other tokens? What makes your token more unique?
Ben
IllumiShare SRG is NOT a “Stable Coin”.
We are creating stablity for the floor price that will be always correlated with the all time high, in addition we are setting a new transparency standard
Stephanie (BSC.News)
Thank you for clarifying the point again!
5. How does staking work on your platform? How do you ensure your claimed APY up to 18%?
Ben
The SRG staking mechanism operates as follows:
• Users stake their tokens on the smart contract of the SRG Liquidity Pool.
• Selects the stake's expiration times/duration (1month -1Year).
• The contract then verifies if there are sufficient funds in the staking pool to pay APYs to a particular user.
• If there are funds in the pool, the smart contract will deduct the stakes from the account. The coin is locked until the stake's specified time expires.
• IllumiShare SRG will never utilize any staked Tokens.
Note: The stake of the Stake is built hourly so that it receives a reward for the amount of time it was staked hourly, a certain percentage of the total amount.
In addition, it is possible to create multiple Stakes in parallel for the same user with varying rewards and durations.
Staking Calculator
The minimum duration of a stake is 30 days, with an initial APY of 6%, on daily growth of 0.0328358 until it reaches 18% APY for 365 days of staking.
Stephanie (BSC.News)
Awesome! So let's actually talk about IllumiShare DAO Donation and Wealth Fund because they are something that I found to be really interesting
6. Please tell us more about IllumiShare DAO Donation and Wealth Fund
Ben
The DAO donation plan - we allocated 5% of the maximum token supply.
We believe in the quote -
"Give the man a fish, and you feed him once, teach a man how to fish, and you feed him for life."
That’s why we chose seven subjects that are close to our hearts, and for each of the subjects, we will create a unique token that will act like a crowdfunding in target to create a sustainable economy and not a one-time donation. Beyond that, we will give the opportunity to our community members to vote using the token and to choose another 8 subjects that we will donate in the same manner.
The DAO wealth fund - we allocated 1% of the maximum token supply, we will hire a Blockchain analysts, they will make researches on the blockchain sphere in target to locate interesting projects, and we will allow our community members to vote and choose which project we will invest and which project we will not invest, equally 1-1 ratio.
Stephanie (BSC.News)
Sounds good!
7. Is everything on your platform audited? How can users be assured that their funds are safe?
Ben
First of all, IllumiShare SRG is all about Transparency.
Our team is fully doxed,
Our smart contract has been audited by Cyberscope and we are planning to make another audit with Certik soon.
The Gold safe will be broadcasted 24/7 and we will get certificates of the quality and the quantity of the gold once every month.
Stephanie (BSC.News)
Do you guys have any audit links to share?
Ben
Follow our social media, we will share it soon.
Stay tuned.
Stephanie (BSC.News)
Great!
8. Where are you on your roadmap? What are you aiming to achieve by Q1 next year?
Ben
Currently we are focusing on the pre-sale which will take place on November 23rd via our website.
And our development team are working hard to release the MVP version of our NFT marketplace in few weeks from now.
Regarding our plans for the Q1 of the next year, we are aiming to be listed on Top exchanges, releasing our NFT Marketplace including Real-estate & Agriculture categories.
In addition, we are aiming to launch the First Donation from our DAO Donation plan.
Stephanie (BSC.News)
Brilliant, thank you! Lots to look forward to. Last but not least...
9. Any exciting news you would like to announce here today?
Ben
Entrepreneur Magazine chose us as the Most Innovative Blockchain Eco-system of the year.
We’ve got commercial licenses for Cryptocurrency and Payment services from the Abu-Dhabi authorities.
Our core team recently moved to the UAE and established our headquarters here.
Our pre-sale will take place on November 23 and we will host a huge event in Dubai with key persons from the Government and The Blockchain industry one day before the public pre-sale.
Last Gold List spots left! The IllumiShare SRG Gold List will give you the option of buying $SRG
on 22nd November - 24hrs before everyone else.
It's a golden opportunity to get in before the rush!
Stay tuned and follow our announcements because there is a lot more to come
Stephanie (BSC.News)
It's definitely some exciting stuff!
Can our community refer to this link below for your social media or do you have any other links to share?
Ben
This is the link. Thank you very much to you and everyone!
Stephanie (BSC.News)
Great! Make sure that you guys go and check out IllumiShare! Their platform offers you exposure to the best projects on BSC all while rewarding you for using their innovative ecosystem!
Ben
We are running a huge giveaway and this is a huge opportunity to win 1,000$ + Iphone 14 + 22,222 SRG tokens.
Stephanie (BSC.News)
Thank you so much for coming out to talk about your projects and sharing with our community
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News

Step-by-step guide on claiming your CORE airdrop on mobile or PC.
Easy Steps to Claim Core Airdrop
The Core DAO airdrop will go live on February 8th at 12 PM UTC. Here is a detailed guide, according to Core DAO’s Medium blog, on how to claim your $CORE airdrop on Mobile and PC:
How to Claim CORE on PC
- After adding Core Mainnet to your Metamask wallet extension, open the Core DAO official homepage. You can learn how to add Core to Metamask HERE.
- Check the top right-hand side of the homepage and click on Airdrop.

- A dropdown will display, prompting you to select your country. However, Core DAO will automatically select your country based on IP. Click confirm after selecting your country.

- Next, select Metamask to connect your wallet.

- Once you click the confirm button, you will be directed to your Metamask wallet to link your Core Mainnet network to the website.
- If you are connected to the Ethereum Mainnet, Metamask will ask you to Switch network to Core DAO. Click “Switch Network” to confirm.

- Ensure that the wallet address is the same as the one you linked to the Satoshi application.
- Once connected to the Core DAO website, click on “Claim.”

- Click on confirm to proceed with the transaction.
- Eligible users will be sent 0.1 CORE in their wallets ahead of enabling the Airdrop to cover gas fees.
How to Claim CORE on Mobile
- Open your Metamask wallet and Connect to the Core mainnet.

- Go to the browser in the Metamask wallet and visit the Core DAO homepage.

- Click on Airdrop at the top of the homepage.

- Select your country of residence. Core DAO will automatically country with your connected IP. Click “Confirm.”

- After selecting the country, connect your Metamask wallet in the next page by clicking the “Connect” button.

- Confirm the interaction with your Metamask wallet.

- Click on the “Claim” button in the homepage. Ensure that your wallet address is the same with what you linked in the Satoshi application.

- Click on confirm in your Metamask to claim your tokens.
BSC News recommends visiting the Core DAO blog for more information about claiming the $CORE airdrop.
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Website | Docs | Twitter | Discord
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Author

ConsenSys gives a breakdown of Layer 2 roll-ups, particularly ZK-rolls-ups and where the space is headed in the third Build section of the 2023 CMC Crypto Playbook

An Overview of Layer 2 Roll-ups
Over the past few years, Layer 2 (L2) rollup solutions have come to the forefront as activity on the Ethereum network has grown. Activity and engagement with non-fungible tokens (NFTs) and Decentralized Finance (DeFi) have caused a surge in Layer 1 (L1) blockchain activity. In turn, the demand for blockspace, represented by gas costs, has increased. And the time for transaction finality has risen due to the increased network load. Whilst the Ethereum Merge set the groundwork for future gas fee optimizations; it did not directly reduce transaction gas fees.
In the year between the summer of 2020 and the peak demand in the summer of 2021 gas cost in Gwei on the Ethereum network increased by up to 1300%. The need to make transactions fast and affordable spurred the creation of two primary forms of rollup: Optimistic and Zero-Knowledge (ZK).
Rollups help remove the computational demands on the Ethereum network by moving transaction processing off-chain, converting them into a single piece of data and then submitting back on Ethereum as a batch to reduce the associated cost and time. The big difference between the two is that Optimistic roll-ups utilize fraud proofs, whereas ZK-rollups rely on zero-knowledge proofs to verify changes to the main chain.
Optimistic and ZK-rollups: Fraud Proofs vs Validity Proofs
Fraud proofs bundle transactions off-chain and then repost them to the L1. After a bundle has been submitted on the L1 there is a challenge period, during which anyone can challenge the result of the roll-up by computing a fraud proof. Similarly, zero-knowledge proofs batch transactions off-chain and submit them as a single transaction. Where they differ is rather than assuming the transactions are correct initially, they use a validity proof to instantly prove whether the transactions are valid. Once the transactions have been confirmed as valid they are then submitted to the L1. This is how they derive their respective names - fraud proofs are where the transactions are checked retrospectively to see if there are any fraudulent transactions, whereas validity proofs are completed before the transactions are submitted to the L1.
Whilst there are prominent projects for both, they each come with their own respective benefits and drawbacks. Optimistic roll-ups have the advantage that fraud proofs are only required when there is an issue. This means they require less computational resources and are able to scale well. The trouble lies with the challenge period. A longer challenge period increases the likelihood that any fraudulent transactions are identified, however, it also means that users have to wait longer to withdraw their funds. For leading optimistic rollup solutions, such as Arbitrum and Optimism, this waiting period can last up to a week. Alternatively, ZK-rollups have the advantage of always reflecting a correct L2 state. Their drawback is that proofs are required for all state transitions, rather than solely when they are contested, which limits scalability. This is further compounded by the complex nature and early stage of the technology.
Despite their respective challenges, ZK-rollups are being heralded as the future for roll-ups. This is primarily due to the automatic generation of validity proofs increasing the security of the protocol, the significantly reduced time to withdraw due to there being no challenge period, and that ZK-rollups boast better data compression. For these reasons, we will hone in on the current state of the ZK-rollup space, the latest innovations, and what lies ahead in the future.

The ZK-Rollup Space
As we’ve discussed, ZK-rollups are predominantly in the focal point with players like zkSync, Starknet, Polygon zkEVM, and Scroll all raising large amounts of capital to develop their solutions despite only StarkNet having launched on mainnet ($780MM in total). Each of these projects has taken its own angle, differing primarily across their rollups data availability strategy and their proving algorithm. The data availability strategy determines where the state data of a roll-up is stored, on-chain storage has increased security but it uses up block space on the Ethereum network which reduces transaction throughput.
The proving algorithm is the means of generating a validity proof, which can either be STARK or SNARK. Both of these algorithms help developers to relocate computation and storage off-chain, in turn increasing scalability. They are also able to verify whether a user has sufficient funds and the correct private key without having to access the information itself, thus improving the security. You can read more about the technical differences here. STARKs have the advantage of offering more scalability, security, and transparency compared to SNARKs. But the drawback STARKS have is a larger proof size, which takes longer to verify, and that SNARKs comparatively only use 24% of the gas. Therein for both SNARKS and STARKS we have the tradeoff between speed and cost vs. scalability, security, and transparency. Whilst many different methods are being explored there is not yet a definitive answer as to the best way to set up a ZK-rollup. Each configuration brings respective benefits and many developers are still exploring the optimal choice or combination for their roll-up designs.
The Hurdles To Overcome
As we’ve discussed, ZK-rollups are still in development and there are various challenges that need to be overcome before blockchain users are able to reap their full benefits. Language compatibility is one such challenge; translating Ethereum Virtual Machine (EVM)-friendly programming languages, such as Solidity, into a custom-built language specifically optimized for ZKP can help boost their efficiency, but it brings with it adoption challenges for developers. For example, StarkNet is looking to solve this with Warp, a Solidity to Cairo (the language of StarkNet’s ZKP) language compiler that looks to automatically convert Solidity into Cairo. Using Warp removes the need for developers to rewrite their code in Cairo, making it a much smoother process.
Other challenges include the secretive nature of projects, with many going against the open-source ethos of crypto due to concerns over first-mover advantage and capturing a sticky userbase. Most ZK-rollups were first launched this year, highlighting the amount of work that is yet to be done in the space.
Lastly, whilst rollups (both optimistic and zero-knowledge) have the benefits of improved speed and cost, it tends to be at the expense of decentralization. This is due to the inherent need for sequencers, the actors batching transactions and committing proofs to the L1. All rollups currently need a centralized sequencer and use upgradeable smart contracts that are managed by a single entity. Because the space is still so early, a central focal point is typically required for quick fixes to bugs in the code. Add to that the projects aren’t open-sourced, creating another hurdle for community members to act as sequencers. Many projects have indicated that they plan to decentralize their sequencer functions in the future, but this will undoubtedly take additional resources and time.
Decentralization Plans
Launching a token and open-sourcing code will be the next steps for many of the projects seeking decentralization. Tokenization of these services to generate activity and decentralize the product is another area where we expect to see a myriad of different solutions cropping up as projects look to create the most scalable, decentralized and active L2 on the market. StarkWare and zkSync are both planning to launch a token and Polygon could potentially use MATIC to support Polygon’s zkEVM initiative. Token engineering on ZK-rollups is an even more nascent space than the optimistic roll-up technology and finding an effective and sustainable model can differentiate and boost adoption.
The Future
zkEVMs are still in their very early stages and the race is on to launch on mainnet. StarkNet has the first-mover advantage but still has challenges with regard to supporting Solidity features due to the use of Cairo, leaving room for competitors to make improvements. The projects that are able to amass significant user bases will attract Decentralized Applications (Dapps) developers, in turn bringing more dapps to their platform and increasing the feature set. ConsenSys’ zkEVM is currently moving to testnet and are focussing specifically on dapp developers for this reason, leveraging tools like MetaMask, Infura and Truffle so that they can deploy and manage applications as if they were directly using Ethereum.
And whilst we have discussed the current players in the zkEVM market, other predominant rollup solutions like Polygon, Optimism, and Arbitrum still command a significant market share. As zkEVM solutions mature, we may see these projects look to transition to validity proofs or hybrid solutions, leveraging their existing user bases to attract dapp development and maintain their market dominance. In the end, the many rollup solutions (and the increased competition between them) will continue to improve the web3 user experience and introduce platforms for applications to onboard the next generation of users.
Given these threats, we’re not surprised at the secrecy of projects in the space, but we believe the true winner will be able to leverage the efficiency of ZK-rollups and combine it with a seamless developer and user experience to come out on top.
This is a guest post from CoinMarketCap with Consensys and has been edited for style. The original article was published here and was also included in the third Build section of the 2023 CMC Crypto Playbook.
What is CoinMarketCap:
CoinMarketCap is the world's most-referenced price-tracking website for digital assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high-quality, and accurate information for drawing their own informed conclusions.
Where to find CoinMarketCap:
Website | Twitter | Telegram | LinkedIn |
What is ConsenSys:
ConsenSys is a leading Web3 software company. It enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. The ConsenSys product suite includes Infura, Quorum, Codefi, MetaMask, Truffle, and Diligence.
Where to find ConsenSys:
Website | Twitter | Discord | LinkedIn |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Pi Network Debuts New PiOS Software Licensing Program Together With Hackathon

PiOS is a new open source software program that encourages developers to create and use open-source applications and tools within the Pi ecosystem. The software also allows developers to apply and work on other developers' contributions.
Pi Network Open Source Software License Program
Pi Network debuted its Pi Open Source (PiOS) License program at the hackathon launch to encourage developer collaboration and build its large ecosystem. The initiative enables developers to share their code while building valuable applications on the blockchain.
The protocol’s PiOS license ensures that developers create and utilize open-source applications and tools within the Pi ecosystem. In a press release shared with BSC News, the team stated that the licensing framework would ensure developers collaborate to develop unique applications on Pi Network.
“This unique licensing framework allows community developers to build on the contributions of one another, leveraging crowd wisdom of the large community. By consolidating community developers’ collective knowledge and building efforts, Pi Network aims to facilitate diverse ideations and executions to create a robust ecosystem of apps and utilities for the Pi community members,” the statement read.
The initiative enables developers to build on works created by others. Through the collective effort of developers, Pi Network aims to combine unique ideas to generate a robust ecosystem of valuable applications. One of the founders of Pi Network, Dr. Nicolas Kokkalis, also shared his thoughts about the initiative.
“Since Pi’s inception, we have always encouraged cross-collaboration. Through PiOS we hope to enable developers who wish to share their codebase with the community to do so, and also invite contributions to their code from other community developers,” said Dr. Nicolas Kokkalis. “Our hope is that by allowing Pi Community Developers to create open source applications and tools for the Pi Ecosystem, the community will continue to flourish and encourage others to build as well.”
Developers have access to the code repository licensed by other Pi community developers under the PiOS license. Further, developers receive Pi rewards as encouragement for contributing their code to the repository and making their work available to one another.
The Pi hackathon commenced on January 9th and will end on February 28th. The event invites participants to build apps across three themes: Social Media, GameFi/Entertainment, and Consumer Utilities. As of publication, over 4200 participants have registered for the event. BSC News has an article HERE for users interested in building on the blockchain. You can also visit the Pi hackathon page for more information.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Author
BNB Chain Partners with CyberConnect for Global Hackathon: Connected 2023

Global hackathon begins immediately with judges and mentors from major Web3 projects assisting in the production.
Connected 2023 Global Web3 Hackathon
BNB Chain has announced a partnership with CyberConnect to launch a social Web3 hackathon.
The hackathon will take place from Feb 7 - March 13, according to a press release shared with BSC News. Applications to participate will remain open until February 20. The hackathon begins with immediate effect featuring over $50,000 in prizes available, project support, and more.
“Connected 2023 aims to empower a new generation of innovators by helping them bring their Web3 social ideas to life and then to market. With this event, BNB Chain and CyberConnect will empower passionate builders to kick start their journey and grow their hacks into fundable protocols," said Wilson Wei from CyberConnect.
The hackathon will have an array of ways for participants to get involved, ranging from individualized workshops, developer info sessions, team-matching sessions, and more.
The event features cosponsors Notifi, Lit, Livepeer, and XMTP plus mentors and judges from major names like Animoca Brands, Multicoin Capital, StepN, and Binance.
Interested projects can apply here.
BNB Chain is also running a concurrent developer competition called Game Jam. Running during the entire month of February, Game Jam is a healthy competition to develop social games where projects can compete for similar incubation support as the CyberConnect 2023, however, it is more specific to BNB Chain.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Website | Twitter | Discord | Telegram | GitHub |
What is CyberConnect:
CyberConnect is a decentralized social graph protocol with identity self-sovereignty and network effects. It enables users to create profiles on BNBChain as the anchor of users’ decentralized identities. Profile owners can travel across dApps seamlessly without worrying about recreating their network on every new platform. With CyberConnect, users own their social graph, content, monetization channels, and more social data. Link3.to for example is built on CyberConnect and has more than 1,100 verified organization clients, 23k users’ all-in-on link profiles, and 200k monthly active users issued more than 1m social-related transactions on BNB Chain.
Where to find CyberConnect:
Website | Twitter | Discord | GitHub |
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Core DAO Discuss the Current State of Mainnet and Warns Against Scam $CORE

Core DAO warns users to beware of scam $CORE tokens ahead of the upcoming airdrop on February 8th.
Core DAO Release $CORE Market Information Ahead of Airdrop
The $CORE airdrop is scheduled for February 8th at 12 PM UTC. Ahead of the notable milestone in its development, the team has published details about the airdrop, including important mainnet information for the community.
In preparation for the airdrop, Core DAO published a Twitter thread on February 7th to educate users about the coin. The Satoshi Plus consensus protocol warned users to note illicit $CORE tokens launched on several platforms. The team stated that the airdrop would allow scammers to deceive Core enthusiasts.
Time for a look into the current state of mainnet, market formation, and safety 🧵👇
— Core DAO (@Coredao_Org) February 7, 2023
Core mainnet is live, and users are urged to visit Core DAO’s official sources for more information about the airdrop to avoid scams.
While the airdrop will create liquidity for $CORE, market volatility is inevitable. To regulate the difficulties in the market, top-tier market makers and exchanges support legitimate early market $CORE formation.
“The liquid $CORE markets will open around the same time as the Feb 8th airdrop. In the coming days, $CORE transactions from Core DAO’s public reserve multi-sig will be executed to get CORE tokens to partner market makers so that liquid markets exist when the airdrop occurs,” Core wrote. “Having legitimate $CORE token markets available when the airdrop occurs will allow for safer, faster, and more accessible trading for Core users.”
Once the airdrop is complete, users can participate in the network’s development by staking. You can learn how to stake on Core DAO HERE. Also, read our article on the benefits of supporting Core’s aspirations through staking.
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Website | Docs | Twitter | Discord
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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