The DutchXis a decentralized ERC20 trading protocol basedon the Dutch auction principle.
Butwait, what is a Dutch auction?
A Dutch auction isan auction mechanism where the price of anasset starts high and it decreases until a price where all offeredassets can be sold. The auction clears at thesame price for everyone.
The last bidder will receive theasset at the price he placed hisbid. And all the other bidders will receive their assetsat a lower price than the bid they originally placed.
Now how does a Dutch auction principle workon the DutchX?
Participants first need to depositthe tokens they want to trade into the DutchX smartcontract. There are two types of participantson DutchX -- sellers, and bidders.
There are also two phases in the tradingprocess. One before the auction starts and one during the auctionitself.
In the first phase sellers participateby placing their orders.
The deposit phase is over and it leave an equivalentof 1000 USD is reached and the auctionbegins at double the closing price of the previousauction.
Now the second phasebegins.
The price starts falling according to adecreasing function and bidders can activelyplace their bids.
With DutchX, biddershave the option to immediately claim the tokens once they haveplaced their bid.
Once the entire volume has been bidupon, the price is determined and the auctionclears.
Participants will now claim their tokens.Sellers will receive the token they were asking forand bidders that claimed before the auction endedcan receive any remainder in the formof [inaudible] token.
DutchX auction benefitsall participants. On the one hand, bidders are incentived totake part at the highest price they are willing to payotherwise they might be lucked out.
On the other handthis mechanism incentivizes high bids which are beneficial to theseller.
It'sthat simple. Now the only thing left is for the paticipant to withdrawthe tokens from the DutchX smart contract. Orif they intend to trade often on theDutchX, we recommend they leave their tokens in the smart contract in order to avoidgas fees.
This video should give you thegist of how the DutchX works.
For moretechnical information please check outourdocumentation.
Historicallywe have been conditioned to think that progressrequires centralized structures to governand lead us on the path to economic prosperity.
Huge corporations, institutions and governmentshave controlled the decisionmaking process and shaped our future.
With theadvent of the sharing economy, companies such asUber or AirBnB have brought the power ofuser networks at the forefront, resulting inlower prices and better user experiences.
Dispite the obvious progress, the enduser still pays high costs due to thefees charged for the service, has minimal sayin the evolution of these platforms. And mighteven have his private data sold to 3rdparties.
But what if you couldcreate a network of online marketplaces andcommunities that function as decentralized,autonomous organizations?
Whatif you could recreate the internet'smost popular applications and services,while eliminating rent seeking, centralizeddecision making and the sale ofpersonal data.
And what if non technicalusers could create and administer theseorganizations? Gain votingrights and use new means of coordination throughfinancial incentives.
IntroducingDistrict0x, a collection of decentralizedmarketplaces and communities known asdistricts.
By combiningtechnology such as Ethereum, Paragon and IPFS,Distric0x allowsusers to create, operate and governdistricts that are open and extendable, allowingenhanced functionality and customizationthrough auxiliary modules.
Every district runs a market or bulletin boardapplication with functionality such asposting, listings, search and filtering,ranking and reputation or payments andinvoicing.
Let's have a look atEthlance, a freelance job market and the firstdistrict on the Distric0x network. Ethlanceallows users to list and apply foropen positions, rank and provide feedback andsend and receive invoices.
Itdoes not charge any fees and users onlypay the necessary cost of gas to theEthereum network in order to performthese actions.
Since its launch, projectssuch as Status, Aragon, WeTrust and manymore have used the platform to hirekey staff.
As opposed to presentday solutions, Ethlance is builtand run by the people at the lowest possiblecost for the end user.
But Ethlance is only the beginning. SoonDistric0x will comprise globalmarketplaces and help the localcommunities.
Anybody will be able to easilydesign and deploy their own districts to theDistric0x network.
If you want to be apart of the decentralizedfuture, contribute and leave the communitiesof tomorrow, then join Distric0xnow.
The sharing economy has redefinedhow the world does business. Millions of people all over theworld are contributing their time,skills and resources into this new economy.
Uber drivers are replacing taxi drivers.AirBnB hosts are competing with hotel chains.And Elance contractors are displacing full time workers.
And buyers are finding that they preferproducts and services from individual suppliers rather thanfrom large faceless corporateentities.
Yet even in the sharing economy there are still unnecessarymiddlemen. Companies like Lyft,Postmates and Fiverr are centralized companies that controluser identity and transaction data.
They takehuge fees often as high as20% to 30%. We can do better.
IntroducingOrigin. The blockchain based platform where dozens of decentralizedpeer to peer marketplaces are currently beingbuilt. Buyers and sellers for all different types of goods andservices can meet without rent seeking intermediariesand transact in a more open and transparentway.
Users now own their own dataand can use their single sign on Origin accounts tobuy and sell across any marketplace built on the Originplatform.
Origin enabled businesses are able tolower fees, reduce censorship andgive back to early participants in the community.
Built on theethereum blockchain and IPFS, Origin leveragescutting edge blockchain technology to put thesharing economy directly in the hands of the people.
It's timeinternet marketplaces catch up to the blockchainrevolution and become truly peer to peer.
Jointhe Origin community today and get to know the new andimproved future of the sharingeconomy.
We live in a worldwhere over 2 billion adults still don't have bank accounts --over 2 billion!
That's 3x the entire population ofEurope.
Not having a bank account makes it nearly impossible to trackspending or make transactions with other parties.
Cryptocurrencies like Ether are creating a world wherepeople that haven't had access to traditional bankingsystems can now manage money digitally by using the one piece oftechnology that even unbanked populations haveaccess too -- smartphones.
But there are somedrawbacks. Buying and selling cryptocurrencies can beconfusing, difficult to process and time intensive.
Nowimagine having a global network ofcryptocurrencies where people can get Ether as easily asthey get cash at ATMs, to spend at businessesthat accept it as payment.
With Dether users can create securewallets within seconds using only their smartphones.Once registered, you can easily locate other buyers andsellers of Ether for secure, seamless Ether for cashtransactions.
The intuitive user interfacealso allows users to quickly pinpoint businesseswhere they can buy goods and services directly usingEther while even taking advantage of special discounts andbenefits.
And because Ether is fullydecentralized, funds are never held up by 3rdparties.
Dether breaks barriers to Ethereum massadoption, revolutionizing the way the world hasaccess to cryptocurrencies and how they spend itjust like cash in every day life.
Inthe natural world bees are the originalbounty hunters, gathering nectar from far and widefor themselves and their hive to thriveon.
As humans we use bounties every time we complete a task andget something in exchange. A bounty is a reward or a prizegiven for any completed task. So bounties are at the verycore of how the world already works.
Becauseit's built on the Ethereum blockchain, the Bounties Network is changing the waywe collaboratein a world full of incentives. All it takes is acomputerand internet connection to access our buzzing, decentralizedmarketplace of meaningful projects and talent fromaround the world.
With just three easy steps,creating and collaborating on the Bounties Network isso simple you should probably start using it today.
Bounties are issuedfor tasks and projects featuring a clear description, fullsubmission criteria and clear deadline. The reward for each bounty isclearly marked and fully staked inEth, ERC20 or any token on Ethereum right from thestart.
Oncecreated the bounties are open to anyone so they can be fulfilledfrom anywhere in the world.
Remember all you need is yourself,a computer and aninternet connection.
Submissions arereviewed and the best work gets accepted. Thereward is then automatically released so allthat waiting to get paid is no longer a problem.
Dueto their open yet secure format, bounties can be used asthe framework of choice for a wide range ofapplications.
The Bounties Networkis buzzing with possibility. So join our community andstart running your world on bounties.[silence]
The way we produce and consume electricity is changing.New technology is allowing us to make electricityat home. Store it and use it to power all of our dailyneeds.
What has become apparentis that people want the ability to trade excess energylocally.
To make this possible a newsupport technology has been developered andit's called PowerLedger.
Power Ledger is an energy trading platformthat allows consumers with solar panels on theirroof to sell their excess electricity to their neighbors.
The energy system in the past was a one way street, large scale powerstations that pushed electricity through networks toconsumers who got what they were given at a price that they were given aswell.
The energy system of the future is far more complex with power stationsvirtually on people's roofs.
Buying andselling energy with energy flowing in multiple directions betweenconsumers and generators.
The Power Ledger system can deal with thatcomplexity.
The energy market is grown up to buy home grown electricity any more than asupermarket is geared up to buy home grown tomatoes. Ourplatform allows consumers to sell energy directly to theirneighbors, meaning we can transition to that cleaner, greener, more locallygenerated energy future.
ThroughPower Ledger hardware and an easy touse app, participants can trade a unitcalled Sparkz which are backed up by a blockchainbond called Power tokens.
The platform makes thetrade easy, frictionless andinstantaneous.
So people who produceelectricity get a more realistic price andpeople who consume it get a much betterdeal. And trials have been showing that it works.
Our first trial was at the National LifestyleVillages and that went from August untilDecember '16. We showed how peerto peer trading would work between what they callprosumers, people with solar panels and consumers,people that didn't.
It demonstrated that people that didn't have solarpanels could purchase renewable electricitymore cheaply than if they were to buy it from their energy company.
And those that did have solar panels, could get a betterreturn.
That was a very successful trial, showing how aplatform could integrate intohouseholds.
This is an awesome community. It has a verystrong environmental stance. The villagegenerates [inaudible] amount ofsolar power. We have 130 solar systems in thevillage at the present moment. People at Power Ledger came down andinstalled some hardware into the meterboxes and also provided us with aneasy to use app.
Fromanywhere in the world we can download and see in real time the performanceof oursolar systems andalso the rate of recovery and what we were making fromour panels from the sale of that excess energy.
It's really exciting.
It was a bit hardinitially to catch up because it's newtechnology and we come from the generation that doesn't belong tothat. But that said,marvelous. I could finally see how much electricityI was using for that. And havingsome control over it.
How do we make sure thatit works?
The Power Ledgerplatform is backed by a team ofleaders in their field.
Our team includes blockchainexperts, full stack developers and energy experts.
Wecover both ends of the supply spectrum. We are not onlyexperts in the blockchain and technology, but alsoexperts in the areas being deployed with energytrading.
I would describe myself as a power nerd. I've gotalmost 20 years of experience in the energy industryand I'm really excited about the future of energy.
The other thing that's great about PowerLedger is that nobody gets left behind. Even if you can'tafford to buy solar panels yourself, you canbuy cleaner, greener and cheaper solar energyfrom your neighbors.
To find out more about the benefits of peerto peer energy trading and access plentyof information, go to PowerLedger.io
It'stwenty something, something and you just got yourself anAxie friend. Some sweet neon District pants. Or [inaudible] someprecious [inaudible]. And now you want to sell them for some realmoney. But how?
You could just go out into that big old internet and find somebody who seemstrustworthy and hope all goes well in atrade. But if you are a little weary of this option or justwant to open up your sale to the masses, you should check outOpenSea.
OpenSea is a live marketplace for allthings NFT. Its beatiful UIincludes smart categorization, filtering and a biddingsystem.
With OpenSea you are sure tofind a seller at the price you want for youritem. Everyone wins.
To start you want to create aMetamask account through GoogleChrome, Brave, Firefox or Opera. Simplysearch for the add-on extension, download andafter inputting your pneumonic phrase from your current ethereumbased wallet or creating a new account and writing down theseed words, sail on over toOpenSea.
Creating a new OpenSea account issimple. Go to account settings in the topright, it'll ask to link to your Metamask walletand you'll go through a few confirmation screens and signing of thecontract. Setup and verifyyour email and you are all set.
To list, simply go to theitem, state your price and click to host onOpenSea which only takes a minimal amount of gasthe first time you initiate that contract type or itemclass.
To purchase, you can buy items outrightwith the Eth you have in your wallet or if you preferto try luck in bidding on items, simply go to youraccount and swap your Eth for Weth and place yourbids.
If somebody thinks the price is right, the item isyours.
That'sit, you are ready.
Soon enough you'll be slashing,blasting, racing or breedingyourwayacross theblockchain.
Data has become an increasingly importantpart of the modern world. It has become the fuelof the modern economy.
We created Wibson tohelp people to gain controlover their data and participate in thebenefits their data creates.
With Wibson, we wantto give users an easy way toprofit from their data and participatein the digital currency economy.
Companies are using people's data without theirknowledge, so weprovide tools for people totake back control and on the other hand onceyou've got control, you can start profiting fromit. You can start monetizing your own data for your ownbenefit.
Wibson gives thema way to participate directly in the exchange of their data. They candecide if they want to sell their data, which data they want tosell, how it's being sold and how it will beused.
So they become an equal partnerin the data marketplace.
All theinformation the user issharing with Wibson, it's never stored ina central server.It's stored inside the user'sdevice so he has full controlat all times of his information.
The consumer is able tosell their data through a smart phone app. Theyconnect the services that they use like Facebookand Google and even their devicedata and they make the information about the types of data thatthey have available to the data buyer. The data buyer then provides anoffer which includes the price, how they intendto use the data, whether it's anonymous ofidentified. And then the data seller can decide if they want to accept theoffer.
Wibson has a social mission. We wantto see a world where data increasesproductivity and fostersopen innovationthat benefits everyone. -- We believe individuals should have theright to own their data,to control who uses their data,for what purposes and to participate in the benefits that your datagenerates.
It's their data, they own it and they shouldknow what'shappening withit.
The mobile applications market is a fastgrowing industry expanding yearafter year. However large corporations have takencontrol and are establishing their own rules.
Applicationdevelopers come with great ideas andproducts but they have to put up with large commissionsand take away a large chunk of the profits.
Inaddition, many appstores impose censorshipand some countries cannot get access to applications.
The PlayMarket 2 team, a group of highly skilled andcapable individuals have decided to change thesituation and create their own decentralizedAndroid app store.
This is an unblockable anduncensored smart contract andblockchain based platform providing freedom for developers andusers.
Big brother is no longer watching you andtelling you what to do.
Freedom is independence. Freedomis the opportunity to choose.
Wewill get the market back into the hands of the peopletogether.
Invest in PlayMarket 2, we will reduce allcommissions for developers, both financial andorganizational and we will provide accessto applications and ensure a stable payment ofdividends to token holders.
PlayMarket 2is a new era in the mobile appindustry.
Wealllove buying tickets to our favorite events online.It's quick, it's easy and there is a whole lot of choice. But withextortionate fees and ticket fraud on the rise, there is nosurprise that people are starting to get tired of getting rippedoff.
That's why Aventus, a revolutionary ticketing platform let'susers buy without having to worry aboutthe [inaudible].
On many popular ticketing platforms,fraudsters use special computer software like botsthat buy up to 60% of tickets as soon as they are released.Making them sell out in rapidtime.
These tickets are then advertised on resale platformsat sky high prices, ripping fans off or stopping them from going toevents.
What's more,some tickets are completely counterfeitthat are listed several times meaning excited fans turn up to an event only to berejected at the door.
The problem isthere is no sign of this behavior changing in the industry any timesoon. Why? Because sell outs makemoney.
At Aventus we don't think that'sfair. So unlike many other ticketing platforms,our blockchain based platform won't stand for uncontrolledresale and counterfeit tickets.
WithAventus, event organizers can create,manage and promote their events or tickets for a fraction of thecost. They can control price and receive commissionson tickets resold.
If that wasn'tenough, Aventus even rewards ticket buyers by identifyingfraudulent activity or attending or promotingevents.
Sounds good? We think sotoo.
Want a fairer and more secure systemwhen buying or selling tickets? A transparentsystem that creates nwe revenue streams for event organizersand brings back the fun of buying tickets?
With Aventus, that can become areality.
To find out further information or discover how you candisrupt the unfair ticketing industry, headto Aventus.ioand join our Slack group at Slack.Aventus.ioor follow us on Twitterat @AventusSystems