I am among the winners, and I would like to express my heartfelt thanks for this incredible opportunity. Being recognized in the #BinanceSquareDeFiChallenge is truly an honor, and I am grateful to be a part of this amazing community. Thank you‼️ #Binance #BinanceSquare #DeFiChallenge
Kyber is an on-chain liquidity protocol that aggregates liquidity reserves to allow instant and secure token exchange in multiple decentralized applications (dApps). In 2019, Kyber ranked as the most widely used DeFi application on Ethereum.
Origin’s mission is to enable true peer-to-peer commerce. Using Origin, buyers and sellers can meet and transact directly without any intermediaries. Today, users can buy and sell goods and services on Origin’s flagship marketplace app and partner apps. Marketplace operators can create their own peer-to-peer applications that implement Origin’s open-source standards. The Origin Token (OGN) is an important component of the Origin platform, acting as an incentive mechanism to ensure the health and growth of the network while giving Origin’s users stakes in the network.
While most marketplaces consumers use today are run by centralized corporations, there are four reasons that open, permissionless, and peer-to-peer marketplaces (powered by Origin) are inevitable:
- Lower Fees: Buyers and sellers can save 20-30% in fees when middlemen are removed. - Better Incentives: Anyone can own a stake in the network by contributing to its growth by referring new users, driving transactions, promoting listings, and building applications. - Increased Access: Markets are accessible to even the unbanked population. - Censorship Resilience: Peer-to-peer marketplaces are difficult to ban or shut down.
Origin has a number of additional advantages that increases its likelihood of eventual success:
- Experienced Team: Origin is led by serial entrepreneurs and seasoned team members from iconic consumer technology companies that include a cofounder of PayPal, the first engineer at YouTube, and other early engineers at YouTube, Google, and DropBox. The two founders have a track record of building successful businesses both individually and together. - Global Investors: Origin has backing from some of the top investors in the blockchain space including top crypto funds like Pantera Capital, traditional venture funds like Foundation Capital, and well-known angel investors like Steve Chen, the founder of YouTube.
Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content.
AUDIO is the native utility token of the network and it is used for the following: Staking for running discovery or content nodes so users will get a higher probability of fan discovery and a share of network fees; Staking to unlock exclusive features and services like artist tokens and badges, and receive voting power from fans who want to share in their success; Participating in protocol governance voting to shape future iterations of the protocol.
Open Campus Protocol is a community-led web3 education protocol that is looking to tokenize the world’s educational content by enabling teachers and creators to monetize the content that they created.
The mission is to ensure teachers’ contribution to the society is recognised and provide a global, alternative education system for learners worldwide.
The Ethereum Name Service is a distributed, open, and extensible naming system on Ethereum. The Ethereum Name Service’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS is the governance token of the protocol and is used to participate in the protocol governance and vote on treasury expenditure.
Lido Finance is a staking solution provider which provides services for Ethereum 2.0, Terra, Solana and Kusama. Users who stake with Lido are able to maintain the control and liquidity of their staked tokens. LDO is the governance token of the Lido DAO.
Pyth Network is a decentralized first-party financial oracle delivering real-time market data on-chain in a secure, transparent manner without third-party middlemen (nodes).