🔒💰 Unlocking Bitcoin's Potential with Velar 💰🔒
🚀 Let's dive into key features and potential of #VELAR in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Velar introduces a Bitcoin-based decentralized finance (DeFi) platform. It aims to revolutionize the DeFi landscape by its native token, $VELAR. This initiative is set to unlock trillions of dollars in dormant Bitcoin capital for the DeFi ecosystem.
2️⃣ Technology and Feature: Velar utilizes an Automated Market Maker (AMM) liquidity model and offers token swaps, liquidity mining, staking, and an Initial DEX Offering (IDO) launchpad. It provides a decentralized exchange where users can trade various cryptocurrencies directly with each other without the need for intermediaries.
3️⃣ Whitepaper Analysis: Velar is a DeFi protocol with Bitcoin finality that aims to unlock Bitcoin’s true potential by building a sophisticated suite of DeFi products on Bitcoin. Velar V1, codenamed “Dharma,” includes an automated liquidity protocol based on the “constant product formula.”
4️⃣ Use Case: Velar platform is powered by its native token, $VELAR. The token serves as the backbone of the platform, providing liquidity and incentivizing users to contribute to the growth and development of the ecosystem. Apart from its core function, $VELAR has several other use cases that make it a valuable utility for users.
5️⃣ Team and Leadership: Led by CEO Mithil Thakore, Velar's team includes COO Dan Reecer, Commercial Director Robinson Burkey, and Technical Advisor Michael Zargham. They bring diverse backgrounds in crypto exchanges, quant hedge funds, smart contract auditing platforms, and enterprise blockchain businesses.
6️⃣ Partnerships: Velar has been audited by Strata labs and Coin Fabrik, ensuring robust security measures. It collaborates with investors like Alexei Zamyatin, Paul Taylor, Cem Ozar, Michael Chen, and others to strengthen its ecosystem.
7️⃣ Security and Audits: Upholding security standards, Velar undergoes audits by Strata Labs and Coin Fabrik, ensuring a robust platform. The audit reports can be checked on their website.
8️⃣ Tokenomics: With a total supply of 1 billion VELAR tokens and an initial circulating supply of approximately 59 million VELAR tokens, Velar's tokenomics include community rewards, treasury allocations, founder and team allocations, early purchasers, advisors, and airdrop allocations.
9️⃣ Exchanges: VELAR is tradable on Bybit, Gate.io, Uniswap (UNI), and Velar’s own Dharma Automated Market Maker (AMM), providing users with multiple trading options.
🔟 Recent Developments: Velar recently launched its token on Centralized exchanges, marking a significant milestone in its journey. This development is set to introduce trillions of dormant Bitcoin capital into the DeFi ecosystem.
1️⃣1️⃣ Conclusion: Velar's vision to harness Bitcoin's potential in DeFi signifies a promising venture, shaping the future of decentralized finance. Stay tuned for further updates and innovations from Velar. 🚀🌟
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🚀🔒 Introducing Flash Protocol: Redefining DeFi on Bitcoin 🔒🚀
🚀 Let's dive into key features and potential of #FLASH in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Flash Protocol empowers users to issue assets and Taproot NFTs on Bitcoin, introducing a permissionless flash loan service on Solana, facilitating complex strategies without upfront capital.
2️⃣ Technology and Feature: Utilizing secure smart contracts on Solana, Flash Protocol maintains decentralized liquidity pools, enabling direct borrowing without intermediaries. Lightning Network integration enhances transaction efficiency.
3️⃣ Whitepaper Analysis: Explore Flash Protocol's permissionless flash loan service, BTC Angel Hub, and solutions for Bitcoin native assets' liquidity challenges.
4️⃣ Use Case: Flash Protocol enables the initial issuance of assets and NFTs in a completely permissionless and cost-effective manner. Furthermore, Flash Protocol addresses the liquidity challenges faced by Bitcoin native assets through its dedicated marketplace.
5️⃣ Team and Leadership: The team behind Flash Protocol is not explicitly mentioned in the sources. However, the protocol prioritizes security, utilizing robust oracles and rigorous smart contract audits to mitigate potential risks associated with flash loans.
6️⃣ Partnerships: Flash Protocol has announced a new integration with Portal, the first trust-minimized, cross-chain swaps that involve no bridges, custody or wrapping.
7️⃣ Security and Audits: Flash Protocol prioritizes security, utilizing robust oracles and rigorous smart contract audits to mitigate potential risks associated with flash loans.
8️⃣ Tokenomics: FLASH token governs the protocol, incentivizes liquidity providers, and is burnt on an hourly basis. Flash has a total supply of 10 billion and circulating supply of 825 million token.
9️⃣ Exchanges: Trade FLASH tokens on centralized exchanges like MEXC & Gate.io, with Gate.io being the most popular option.
🔟 Conclusion: Flash Protocol pioneers DeFi on Bitcoin, offering seamless NFT integration and exciting use cases while prioritizing security and robust tokenomics. 🌐💼
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Blockchain projects rely heavily on their communities for success. This is especially true for projects that employ decentralized governance models, where token holders have a direct say in the future of the project.Tokenomics is the design and structure of a token's economy. It includes factors such as token supply, distribution, utility, and rewards. The community plays a vital role in tokenomics by driving demand for the token and creating a vibrant ecosystem.Governance is the process of making decisions about the future of a blockchain project. In decentralized projects, this process is typically carried out by token holders through voting. The community plays a crucial role in governance by ensuring that decisions are aligned with the collective vision of the project.Here are some of the ways in which the community contributes to tokenomics and governance:Driving demand for the token:The community can drive demand for the token by using it in products and services, staking it to earn rewards, or simply holding it and advocating for the project.Creating a vibrant ecosystem:The community can help to create a vibrant ecosystem by developing and maintaining applications, tools, and services that use the token.Participating in governance:Token holders have the power to vote on proposals that affect the future of the project.ConclusionThe community is essential to the success of blockchain projects. By driving demand for the token, creating a vibrant ecosystem, and participating in governance, community members can help to ensure the long-term success of their favorite projects.#Tokenomics #DeFiChallenge #Binance

Understanding cross-chain interoperability requires first gaining an appreciation for the fact that two blockchains are unable to communicate with one another. One way to think of a blockchain is as a distributed ledger that keeps an immutable record of the transactions carried out by its users. In order for two blockchains to share data with one another, it would first be essential to reach a consensus on a single state for the blockchains, and then it would be necessary to keep an immutable record of all future transactions on the other blockchain.
Due to the large amount of data that needs to be transferred between the two blockchains in order to complete this procedure, scaling it up is not an easy task. Just about the logistical nightmare that would be needing to complete this task for each and every possible combination of blockchains that want to connect with one another.
By facilitating the transfer of data and value between blockchains, cross-chain interoperability provides a solution to this issue. It allows two blockchains to communicate with one another without the need for a central exchange.
Why Does DeFi Need Cross-Chain Interoperability?
Users of non-Ethereum blockchains, such as Polygon and Avalanche, are excluded from the major DeFi ecosystem because of the lack of blockchain compatibility. Consider each DeFi ecosystem to be its own economy, but without the ability to communicate with others, it would be impossible for any of them to grow to any significant size.
More people will use DeFi if transactions can be sent and received between different chains. There will be more incentive for people to use DeFi if its protocols can be accessed without cost from any blockchain. More people may use Web3 and DeFi if they are easier to obtain. More people using the platform means more money may be lent, staked, farmed for yield, and borrowed, expanding the scope of the DeFi economy as a whole.
Furthermore, users are liberated from the constraints of specific blockchains thanks to cross-chain interoperability; for example, they are no longer constrained by Ethereum's higher gas prices or the poor liquidity and small user base of other networks. Even non-blockchain developers can make the primitives needed to move digital assets between chains.
Potential Dangers of Inter-Chain Compatibility
While advancements have been made to allow value to be transferred between blockchains, there are still significant barriers that must be overcome.
Bridging is a complicated method since it must negotiate between two independent blockchain ecosystems written in incompatible languages. This level of intricacy opens the door to exploitation and hacking. Even Vitalik Buterin has shown concern about the insecurities of bridge.
The bridging procedure is also vulnerable since it results in massive pools of assets being locked in a single contract on a single chain. This concentration of resources makes it easier for hackers to target a single weak spot.
#CrossChainInteroperability #DeFiChallenge

In the thrilling world of cryptocurrencies, creating a new coin is often considered the easy part. But what's the real magic ingredient that can turn a mere digital asset into a vibrant, thriving ecosystem? It's the community behind it! In this article, we're going to dive deep into the art of building an engaged Web3 community, exploring strategies, steps, and insights that will help you not just mint tokens, but also mint loyal followers.
The Power of Community in Web3
As the crypto space continues to evolve, it's become increasingly clear that a strong community can be a project's greatest asset. Beyond the code and technology, it's the people who believe in the mission and vision of a project that truly make it come to life. So, how do you go about building such a community? Let's break it down.
Define your Mission
Every successful community is built on a strong foundation. Begin by defining a clear and compelling mission for your project. This mission should be more than just a catchy tagline; every project must give something for others and provide one utility, it should be resonate deeply. You must find your purpose and When you and people feel a sense of purpose in your mission, they're more likely to get involved.
Engage, Engage, Engage
Engagement is the lifeblood of any thriving community. You need to develop strategies that encourage participation, interaction, and transparency. Create spaces where community members can communicate with each other and with your team. Regular AMAs (Ask Me Anything), town hall meetings, and open forums can foster a sense of belonging.
Diversify Connections
Building a strong community isn't just about diversifying platforms; it's about diversifying the connections within the community itself. Over-reliance on a single leader can hinder the community's growth and resilience. Encourage community members to connect with one another and foster relationships beyond your immediate team.
Onboarding for Inclusivity
Make sure that everyone who joins your community feels welcome and included. Consider implementing onboarding sessions, where new members not only meet your team but also connect with others who joined at the same time. This way, they can begin to develop relationships outside of the core team.
Empower Community Initiatives
Empower your community members by giving them opportunities to contribute in meaningful ways. For example, you can grant intellectual property rights, collaborate on projects, or create initiatives that allow them to be part of the decision-making process. When the community feels ownership, they become more committed.
Provide Visibility
Your community is full of talented individuals. Use your platform to provide visibility to their work. Feature community members through interviews, case studies, or by showcasing their projects. This not only benefits them but also strengthens the bonds within the community.
Amplify Your Story
Leverage On-Chain Data: Utilize on-chain data to understand your community's engagement better. Analyze what your community members are buying or engaging with on-chain.Metrics for Engagement: Identify key metrics to measure engagement within your community. Tools like NFT Inspect can help you track engagement, profile picture usage, and top contributors.Continuous Innovation: Maintain a focus on innovation to keep your community engaged. Don't assume that your community will remain loyal without new and exciting offerings.Interoperability: Consider how your community can interact with gaming and other metaverse experiences. Explore collaborations that allow community members.Revenue Diversification: Diversify your revenue streams to ensure sustainability. Explore licensing deals, partner collaborations, and additional sources of income beyond traditional NFT sales.
Monitor and Adapt
Competition: Be aware of competition. Keep an eye on similar projects and consider potential partnerships or collaborations with them.Key Performance Indicators (KPIs): Identify and regularly monitor KPIs that align with your goals. These may include revenue, pipeline of deals, sentiment analysis in the press and social media, and more.Positive Sentiment: Keep a close watch on the sentiment surrounding your brand. Ensure that your mission-driven focus remains positive in the market, as your brand is a valuable asset.Adaptation: Be open to adapting your strategies based on changing circumstances, community needs, and market dynamics. Continuously listen to your community and make improvements accordingly.
Connecting People
One of your roles as a community builder is to connect people. Facilitate networking opportunities, collaborations, and initiatives that bring your community closer together. When community members build meaningful relationships with each other, they're more likely to stay engaged and loyal.
In the wild world of Web3, building an engaged community is not just an option; it's a necessity. It's this community that will drive your project forward, advocate for your brand, and stand with you through the highs and lows of the crypto space. So, while creating a crypto coin might be the easy part, building and nurturing a community is where the real adventure begins.
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