Sovereign Shards is a major technological update for all the appChains in the #blockchain industry.
This is a revolution which can be only done on #MultiversX.
And everything was started in 2018 when we first theorised Sharding, implemented first cross shard processing in 2019 and continued in 2020 when the $ESDT token system was born.
On xDay 2023 we announced the first version, alpha release, and demonstrated the power of the sovereign shard architecture and the seamless integration between the main-chain and any custom appchain.
Today, we can say, that an alpha+ release is planned for February, which will contain the followings:
🔹Fully featured sovereign shard binary with configurable genesis, validator set, block time, gasmodel, ESDTs, guardians, systemVM and WASMVM
🔹Setup any ESDT as base token/gas token, and all token transfers will be ESDTs
🔹NO BRIDGE Seamless cross mainchain to sovereign shard transactions, making any sovereign shard as an extension to the current ecosystem.
This is the first solution to create custom appChains which are connected to the mainchain without the need for any bridge, as the processing model used is the one from the cross-shard module, battle tested and validated in the last years. This mean, no wrapping contracts, no lock and mint, burn and mint, simply transfer. Built in complete composability enshrined in the protocol (this is a forgotten primitive in Ethereum L2s).
A few companies are already working with launching their own sovereign shards, tagged them in the picture. If you know others, feel free to tag them in a reply.
The long-awaited moment is here: $OURO is launching on Uniswap!
Date & Time: August 21th, 1 PM UTC
Demiourgos Holdings is shifting its focus to a new chain governed by the native currency $OURO, which will power the DH ecosystem. The first step in this migration is listing the $OURO token on Uniswap, featuring:
• Initial market cap: $60k USD
• Listing price: $0.5 USD
• Liquidity locked for 12 months
• Initial supply: 100k $OURO
Why should you hold some $OURO?
🐍 Token fee for future L1 EVM compatible and RWAs-based blockchain
🐍 Scarcity: Only 950 coins issued per day, with a circulating supply of 620k, over 80% locked in staking or DEXes on the MultiversX chain
🐍 Staking Rewards: 24% APR on staking, offering attractive returns for participants
🐍 APY Reward: $OURO will be the reward token for the upcoming liquid Ethereum protocol, enhancing its utility
🐍 Lending Platform Integration: Ouro will be integrated into an upcoming lending platform on Ethereum, expanding its use cases
🐍 Future Developments: Key milestones include the launch of the Ouro Network blockchain, enhanced staking features, and integration with various DeFi platforms
Roadmap:
Why Choose Demiourgous Holdings Co?
🟢 Since 2021, we have been dedicated to creating a self-governing ecosystem that supports our entertainment-focused business model.
🟢 Community-first approach: No venture capital or large stakeholders involved. The largest holders are vested co-founders.
🟢 We have a range of finalized or near-finalized products, including:
👉Wonder Coach movie, set to release in theaters in Q1 2025, with revenue expectations exceeding $1 million.
👉 Native Token for our DeFi ecosystem, featuring liquid staking, pools, farms, vaults, a lending platform, stable coin, and gold tokenization at https://t.co/h8P065VjSt
This migration marks a pivotal moment in aligning the film industry with web3 and RWAs advancements.
Ready to be part of history? Join our family today!
Thing is there is a delay for sovereign release. It might be weeks, it might be months or next year. We don't really know anything at all about even an approximate release. Maybe they launch it on X day as a main product? Who knows. We are in the same situation as others, waiting for the sovereign. Meanwhile, we build as well layer 1 EVM simply because we want to use this delay by keep building. Layer 1 EVM is open source, relatively easy to deploy a testnet in a month and a mainnet in a quarter or so. Going L1 evm while waiting for the sovereign is a smart choice. When the sovereign is live it goes hand in hand with the L1 EVM as a bridge. We wish good luck for Zpay and eventually this hard period will be over and green candles will start.
#SovereignChains open a completely new game.
A new acceleration layer, interoperability layer, and application layer, for Bitcoin, Ethereum, Solana and more.
Let's get this building season started.
Possible on #MultiversX.
https://t.co/qo7vEUKiwq
Sovereign Chains Alpha Demo, 23 May
Invitation for builders, product SDK introduction and demo
https://t.co/uE9HcVF3ND | T - 1 day
MultiversX has always been solving hard problems.
From tackling the burning problem of scalability with Adaptive Sharding technology, to transforming Web3 into a welcoming and safe environment via Guardians and on-chain 2FA.
Sovereign Chains are MultiversX’s way of bringing all this technological progress together to the benefit of the entire space.
A non-zero sum game for builders, apps, assets, communities, liquidity and network effects.
On the 23rd of May at 16:00 UTC, we’ll share what Sovereign Chains are, the technology stack, compelling potential use cases, and some new opportunities that are taking shape.
Focusing on builders, launching specific calls to action, and involving the community as well. This will be the first of several conversations on Sovereign Chains.
Live Streamed on X: https://t.co/orqFGzQoj2 and Youtube: https://t.co/GSkPILf9uG
The 7th Mint Phase POKER TOURNAMENT with the participation of @DemiourgosH has been posted on our discord!
*PRIZES*
🏆 1x Coding Division Snake Eye NFT🔥
🎁 Bounties on DRX heads: 🏆 20 $OURO per kill 🤑 up to 100 $OURO 💥
Good luck and have fun!
The $USDD MVX native dollar is now live on @MultiversX mainnet!
USDD is a decentralized dollar token backed by precious metals like Gold and Silver, offering full transparency and decentralization.
You can mint and swap USDD back and forth from GSC (Gold Standard Coin) in our Stable Coin dapp on VestaDex: https://t.co/lBrfucU9hC.
$GSC represents 1 gram of gold on the blockchain, with real-time gold prices sourced from trusted oracles like @UmbNetwork .
This makes USDD directly pegged to the global gold price, generated by the gold itself on the blockchain.
How does it work?
Physical gold can be tokenized with us, receiving GSC on the blockchain.
GSC can be swapped with Ouro, staked to earn more GSC, or used to generate USDD.
Any GSC holder can mint USDD from gold and vice versa.
GSC can be redeemed for physical gold starting Q3 2024.
Why $USDD?
We recognized the need for a fully decentralized currency backed by physical gold and silver. Anyone can tokenize their precious metals to mint USDD.
So far, the company has tokenized a total of 7 kilos of gold, generating the first batch of USDD listed in pools with $Ouro and $Vegld.
What's next?
Through extended partnerships, we're bringing more real gold into the ecosystem to tokenize it, thereby generating USDD on the blockchain and increasing liquidity.
This allows your idle gold in the real world to be tokenized, generating the same value of USDD on the blockchain, and providing you with passive daily income through DeFi in various ways.
As the liquidity of USDD grows, the entire ecosystem scales upwards.
@beniaminmincu@SasuRobert@radu_fratila@lucianmincu
@MultiversX meetup in Bucharest, 26th of March!
March 26th, in 10 days from now, we have CryptoCon #2 at Cinema Eforie in Downtown Bucharest from 4 pm to midnight.
All inclusive buffet & drinks, DeFi panels with guests & friends, and shooting a scene live right there for our upcoming movie. So maybe you see yourself on Netflix in the crowd?
Tickets are 0,5 #egld or 7 $ouro and can be minted starting Monday (link to be announced). Food and drinks on the house, as mentioned.
Demiourgos updates March updates:
Elite Auryn uncoil is ready to be released live on the mainnet, scheduled for this weekend.
NFT staking dApp module is in the last phase of devnet. Shooting for release next week.
$GSC stablecoin released on mainnet in Friday 22nd of March with @UmbNetwork oracles
Midas Star Nodes with @buidly_ is ready to go on internal testnet early next week
See you on Crypto Con #2, only 250 tickets available with tickets mint live soon.
We are very proud of our @xCastleNFT game. After many improvements, seeing our collection and one of our smart contracts in the top NFTs and Most Used Applications on @MultiversX is nice.
This is just the story's beginning, and we are committed to making it one of the top games on #MultiversX.
Upcoming updates:
⏳Resources swap $ESTAR / $WOOD | $ESTAR / $FOOD etc. is on their way and will be available very soon on https://t.co/RYnhOQlTTM
⏳Generals special NFTs that will help your army in the upcoming fights.
⏳Island, 100 x 100 tiles ready to be conquered by players in a full PVP mode.
⏳Guilds, it is always better to have a friend.
xCastle is a blockchain #MMORTS with #DEFI elements, tokenized resources, and a live development.
https://t.co/wOL2JdOVx2
#Blockchain #PlayToEarn #BlockchainGaming
🎉 February Wrap-Up 🎉
The weather's heating up 🌡️, and our umbrellas are prepped and ready to go — or are they? ☂️☂️
But before we dive into this new season 🌈⛅️, let's take a moment to review our February highlights!
🔗NEW CHAIN INTEGRATIONS:
We've deployed our oracle on @X1_Network testnet ready for X1 devs to test and play with.
https://t.co/xmPp3kfCer
🎯NEW DATA USERS
@JewelSwapX integrated new price feeds: ETH-USD and BTC-USD on their #dApp 💎https://t.co/iUSnUhDMkP
We have developed the new Gold Pegged Stable Coin for @midaschainX 🪙 and it's absolutely thrilling. Discover more about it here 👇
https://t.co/9izP1cij1Y
🪩EVENTS
Our community is our heartbeat, and we love engaging with them. We held a tg community AMA, answering all their questions.
In case you missed it, catch up with the recap 👇https://t.co/jU8EjyFAvU
Plus, we were at #ETHDenver2024 🗻🦄 — the year's most anticipated #web3 event!
The atmosphere was buzzing, teeming with new leads and laying the groundwork for upcoming ventures ⚡️.
⚒️ TECH UPDATES
Meanwhile our engineers haven't slowed down a bit. Here's a brief overview of their latest achievements:
🔹Validator node
- Implemented a feature to handle invalid data fetchers.
- Fixed bug affecting MIM-USD price calculation - Integrated fetchers for Gold prices.
- Created secrets for Gold API keys
🔹Smart Contracts
- Concluded the development of the Time Lock contract for MultiversX.
- Supported audit of smart contracts for Massa.
🔹Back End
- Created script to generate the details transaction reports for #Arbitrum.
- Created a script to propagate environment variables. Infrastructure:
- Updated TerraForm version on documentsDB and backend modules.
- Updated certificated on DocumentDB instances
- Enabled Deletion protection
- Removed legacy databases to free up resources.
Onward and upward! Stay tuned for more exciting times ahead🌈.
🪙Bringing Gold to Crypto
Welcome to a new era! ✨🌈
@DemiourgosH together with @midaschainX recently unveiled their Gold Pegged Stable Coin $GSC on @MultiversX.
As the official oracle partner of #MVX Umbrella is powering $GSC helping bringing RWA data on chain.
👉Learn more: https://t.co/9izP1chLcq
#RWA #crypto #gold #stablecoin
@SasuRobert We already did Midas Stars fractionalised. And they are awesome! Also the star fractions can be combined into a full star, as well as broken the star back to fractions, allowing more versatility to holders. 💪 only on @MultiversX