This Week in Blockfolio Signal — Ontology, DigiByte, NEM, Quant Network, Band Protocol
Every week we comb through hundreds of Blockfolio Signals to bring you the most significant team updates with brief analyses to help you understand the latest developments in blockchain.
But first, in macro crypto news this week:
- PayPay/Venmo to Launch Cryptocurrency Trading to 325 Million Users
- Venezuela Trials Bitcoin for Passport Payments
- Investment Guru Jim Rogers Says the Value of Bitcoin Will Drop to Zero
- Compound Yield Farming Results in 6x Increase of Lending Activity
- ING Develops a FATF-Friendly Protocol for Crypto Transfers
- Telegram to Pay $18.5M to the SEC and Return $1.2 Billion to Investors
Top Blockfolio Signals of the past week:
- Ontology Integrates Chainlink, Launches New Wallet
- DigiByte Listed on Binance and CoinDCX
- NEM Signal Platform Used in Cannabis Management and Compliance
- Quant Network and SIA Successfully Test Blockchain Interoperability
- Band Protocol Partners with Crypto Platform Math Wallet
Ontology Integrates Chainlink, Launches New Wallet
“We’ve successfully completed a native integration with Chainlink, a potent combination of our high-efficiency & low transaction fees & Chainlink’s adept ability to provide secure & reliable oracles, that will drive mutually beneficial outcomes for both.
A new milestone for ONTO, our self-sovereign data wallet! We are delighted to announce the launch of a new version of ONTO, with additional data management & claim features, creating a seamless process for the protection and endorsement of data.”
— Christina Liu, Overseas Community Manager
Summary
- Ontology has successfully completed a native integration with Chainlink, a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments.
- The initial focus will be on creating new data management capabilities for Ontology, through the integration of ONT ID, Ontology’s digital identity framework, and the ONTO wallet into a range of dApps and infrastructure.
- ONTO, Ontology’s self-sovereign data wallet, is a one-stop mobile application for the management of users’ digital identity, data, and assets, giving people the power to control the value of their data.
- Ontology officially announced the launch of a new version of ONTO that makes it easier to find other users and transfer assets, includes faster transfer of assets through ONT ID, and adds the ability to claim data and digital certifications.
Significance
The move brings Chainlink oracle support to Ontology, increasing scalability, decentralization, and collaboration, just as they launch a major update to their wallet with enhanced functionality. Ontology is firing on all cylinders.
Price at the time of Blockfolio Signal: $0.66. View ONT on Blockfolio.
DigiByte Listed on Binance and CoinDCX
“Binance listed DigiByte (DGB) and has opened trading for DGB/BTC, DGB/BNB and DGB/BUSD. No listing fee has been paid.
DigiByte is now live on India’s largest cryptocurrency exchange CoinDCX. You can start trading now! Trading Pairs: DGB/BTC, DGB/BNB.”
— Rudy Bouwman, DigiByte Foundation Member
— Murat Akyurt, DGBAT Outreach Officer
Summary
- Binance has listed DigiByte (DGB) and opened trading for DGB/BTC, DGB/BNB and DGB/BUSD trading pairs as of 2020/06/22.
- During the same week, DigiByte was also listed on CoinDCX, the largest cryptocurrency exchange in India.
Significance
Two massive exchange announcements in one week is significant news for DigiByte. It will increase investor awareness, accessibility and liquidity. The Binance exchange listing is particularly sweet, given that they paid no fees.
Price at the time of Blockfolio Signal: $0.02. View DGB on Blockfolio.
NEM Signal Platform Used for Cannabis Sector Management and Compliance
“With legislation paving the way for legalization of cannabis across the world, Baiotraz uses the Symbol platform for its management & compliance platform, ensuring confidence in the quality of medical cannabis & adherence to government regulations.”
— Amanda Au, Marketing
Summary
- BAIOTRAZE is a management and compliance platform that provides traceability for growers, allows government oversight and provides the means for investors to see how production and harvests are progressing.
- The management platform sits on Symbol blockchain, which allows for the registration and tracking of each cannabis strain, ensuring confidence in the quality of the cannabis and also adherence to government regulations.
- BAIOTRAZE is successfully working with 3 different growers in Columbia, plus nutrient lines for other growers.
- In addition to using Symbol private chain, BAIOTRAZE is exploring the potential of adding IoT to capture light, humidity, climate control etc on chain to identify optimum conditions for each strain of cannabis, which can then be passed on the growers to improve crop performance and yield.
Significance
NEM’s Signal platform is helping to demonstrate another excellent use case for blockchain technology. They are enabling cannabis growers to trace their crop from seed to sale, helping improve efficiency and reduce costs with compliance in a heavily-regulated industry.
Price at the time of Blockfolio Signal: $0.045. View XEM on Blockfolio.
Quant Network and SIA Successfully Test Blockchain Interoperability
“The breakthrough was achieved by integrating Quant Network’s Overledger technology into the SIAchain private blockchain infrastructure to enable cross-platform applications and services in Europe and globally
The breakthrough was achieved by integrating Quant Network’s Overledger technology (the world’s only DLT operating system that allows interoperability) into the SIAchain private blockchain infrastructure leveraging on 580 European network nodes within SIAnet (the fiber optic network with high-speed and low-latency stretching over 208,000 kilometres).
This integration provides the ability to bridge permissioned blockchain instances between SIAchain and other external networks — which could not be previously connected — in order to have cross-platform applications and services covering for example notarisation, payments and KYC.”
— Gilbert Verdian, Quant Network Founder & CEO
Summary
- The breakthrough was achieved by integrating Quant Network’s Overledger technology into the SIAchain private blockchain infrastructure to enable cross-platform applications and services in Europe and globally.
- This integration provides the ability to bridge permissioned blockchain instances between SIAchain and other external networks — which could not be previously connected — in order to have cross-platform applications and services covering for example notarisation, payments and KYC.
- Quant Network and SIA will now work together to go to the market developing and implementing further innovative use cases and applications addressing blockchain interoperability challenges.
Significance
This important milestone is the result of a partnership launched between Quant Network and SIA that allows mostly banks and financial institutions — through the SIAchain infrastructure — to adopt cross-platform and interoperable blockchain solutions and to embrace new business models, improve operational efficiencies and deliver innovation to banking customers.
Price at the time of Blockfolio Signal: $8.18. View QNT on Blockfolio.
Band Protocol Partners with Multi-Faceted Crypto Platform Math Wallet
“Band Protocol has strategically partnered with Math Wallet, a powerful universal crypto wallet with one million users supporting multi-chain tokens and dApps on browser extension/web wallet, to integrate full support for the $BAND.
Math Wallet is backed by prestigious blockchain investors including Fenbushi Capital, DHVC and Fundamental Labs.
Along with their deep roots in Asia, both teams will work towards Band Protocol’s mission securing smart contracts in the rapidly growing blockchain ecosystem.”
— Kevin Lu, Head of Business Development & Growth
Summary
- Band Protocol has strategically partnered with Math Wallet, a powerful universal crypto wallet with one million users globally supporting multi-chain tokens and dApps on browser extension/web wallet to integrate full support for the BandChain Mainnet.
- Using Math Wallet, users can create a BandChain wallet, store, and stake BAND tokens securely in a non-custodial manner alongside support for 40+ leading public chains.
- The Band Protocol community will now be able to create a wallet in-app, monitor their portfolios and track staking rewards without leaving the wallet, secure assets with private keys, mnemonic phrases, and 2-factor authentication, plus leverage MATH Swap, an instant and secure token exchange built into the wallet.
Significance
This will help in Band Protocol’s mission of securing smart contracts and decentralized applications in the rapidly growing blockchain ecosystem. The partnership with Math Wallet increases capabilities and improves the usability of the Band Protocol. This should help onboard new users and attract new investors into their protocol.
Price at the time of Blockfolio Signal: $1.31. View BAND on Blockfolio.
Quote of the Week:
“The disturbing lack of time travelers arriving to stop 2020 happening suggests we never actually invent it.”
— Henry Sotheran Ltd
Thanks for joining us and we look forward to bringing you our top Blockfolio Signals again next week.
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Jason Hamlin
Ecosystem Insights & Development @ Blockfolio
Blockfolio Signal is a first-of-its-kind communications platform built exclusively for token teams to connect and engage with their communities. Over 400 token team CEOs and team leaders actively use the platform to provide relevant project updates directly to Blockfolio’s 5 million+ users. Learn more at www.blockfolio.com/signal.
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