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Build the world’s first decentralized auction exchange

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4 years ago

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1：There were many similar auction items as early as 2017. What is the difference between us?

Auction uses DeFi technology, and the circulation of ACT is completely open and transparent. The total circulation of ACT is 100,000, of which 10,000 will be in circulation, and the remaining 90,000 will be automatically distributed in all auction mining pools. Among them, 8,000 of the 10,000 in circulation are injected into the uniswap liquidity pool, 1,000 are held by the technical team, and 1,000 are airdropped in the market.

2：Following the topic, apart from combining NFT, what else do we have different?

In traditional auctions, all those who participate in the auction will ultimately get only the auction item itself, which cannot create more value.

In the Auction auction system, all users participating in the auction can not only compete for the auction item, but also participate in the mining pool of the auction item to obtain more value.

3：How to participate in mining?

All users who want to participate in the auction activities go to the decentralized exchange uniswap to buy ACT tokens

Any user or team leader can initiate an auction in the decentralized DAPP. The auction amount and starting price are set by the initiator. The token being auctioned is ETH,

The user’s funds to participate in the auction are ACT

(For example, player A initiates 100 ETH auction activities in DAPP, then player A can set the starting price by himself, which can be set to 50ETH, 40ETH, 30ETH, etc.

For example, the starting price set by user A is 30ETH, then all users who want to participate in the auction can go to uniswap to purchase 30 ACTs of the same value to participate in the auction)

4：Mining ratio calculation

As long as a player initiates an auction on the DAPP, any global user can go to uniswap to buy ACT to participate in the auction. The amount of each user participating in the auction is:

On the basis of the auction amount of the previous user, an ACT equivalent to 30×1%=0.3ETH is added. (For example, the amount of the first user to participate in the auction is 30 ETH equivalent ACT, then the amount of the second user to participate in the auction

It is the value (30+30×1%)=30.3ETH equivalent ACT. If there is no user participating in the auction within half an hour, the bid of the highest bidder is successful, and the successful bid of the user means the end of the auction.

The 100 ETH auctioned on the chain is automatically sent to the wallet address of the successful bidder by the smart contract. All the ACT pledged by users participating in the auction and mining profits will be returned to the user’s wallet address.

Promoter’s income:

After a single auction is over, 1% of the total amount of ACT participating in the auction is automatically sent to the wallet address of the initiator of the auction by the smart contract.

Participants’ income:

Users who participated in the bidding but did not succeed in the bidding automatically mine, and the mining income is not fixed, and it is estimated that 2 to 3 points. Auction is mining.

Promotion reward:

Take 20% of each auction revenue of the first generation of the market + 10% of each auction revenue of the second generation of the market

5：How to get more ACT?

Users can participate in mining, how to allocate the mining ratio? In fact, it’s very simple. The system uses an invitation system to apply. That is to say, all users must fill in the invitation code to participate. The mining ratio will be 30% to the inviter, and the remaining 70% will be earned by participating users. In other words, in addition to obtaining ACT from mining by users, inviting users can also obtain more ACT.

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Alex Jacob

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Press Release

Central Asian Innovation Hubs Set Global Goals: New International Offices, $10 Billion in Tech Exports, and Over 8 Unicorns by 2030

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40 minutes ago

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April 3, 2025

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This year, the largest technology parks in Central Asia—Astana Hub and IT Park Uzbekistan—will open new international hubs in China and the United Arab Emirates as part of their joint initiative under the Central Asian Innovation Hubs brand. They will also expand participation in major global tech forums and aim to generate more than $10 billion in tech exports and create over eight unicorns by 2030.

These ambitious plans were announced by the CEOs of Astana Hub and IT Park Uzbekistan during the visit of the President of Kazakhstan, Kassym-Jomart Tokayev, and the President of Uzbekistan, Shavkat Mirziyoyev, to the AlmatyFair.ai exhibition. The two leaders were introduced to the activities of Central Asian Innovation Hubs—a strategic alliance of the region’s top tech parks aimed at accelerating the development of Central Asia’s startup ecosystem.

“We’re committed to strengthening our partnership with IT Park Uzbekistan under the unified Central Asian Innovation Hubs brand to ensure dynamic global positioning of Central Asia’s innovation potential. This year, we plan to launch joint hubs in China and the UAE and participate in the world’s largest tech platforms, including the Eurasia Blockchain Summit in Turkey, GITEX Europe in Germany, London Tech Week in the UK, TechCrunch Disrupt in the US, Biban in Saudi Arabia, and Web Summit in Portugal. These efforts will significantly expand the international reach of Central Asian startups, attract strategic partners, and elevate the innovation brand of the region,” said Magzhan Madiyev, CEO of Astana Hub.

In 2024, Central Asian Innovation Hubs—initiated by Astana Hub and IT Park Uzbekistan—showcased more than 40 regional startups at global forums, including the INMerge Innovation Summit, Web Summit 2024, and TechCrunch Disrupt 2024. These appearances helped raise the region’s profile and opened new international opportunities for Central Asian founders.

“Uzbekistan and Kazakhstan have already achieved significant progress in the tech sector. IT Park Uzbekistan is confidently transforming the country into a regional hub for service delivery and IT outsourcing, while Astana Hub is building a strong startup ecosystem that fosters innovation. By joining forces and leveraging each other’s strengths and experiences, we can reach new heights even faster. A new generation of innovators and entrepreneurs is emerging in our countries—ambitious, bold, and thinking beyond convention. They are already shaping the future. Our strategic goal is not just to support this movement but to create a resilient and dynamic ecosystem where every talented individual has access to global expertise, resources, and international opportunities for scaling. Central Asian Innovation Hubs are more than just startup platforms. They are growth engines shaping the future of Central Asia as a region open to global investment, technological advancement, and the full realization of human potential,” said Abdulahad Kuchkarov, CEO of IT Park Uzbekistan.

Another major milestone in regional collaboration was the signing of a memorandum of understanding at the AlmatyFair.ai exhibition in Almaty between Astana Hub, IT Park Uzbekistan, and Growth Vision Pro Ltd. The agreement outlines joint efforts to promote Central Asian startups in the Chinese market through the establishment of a new international hub in Shanghai. The parties will collaborate on ecosystem development, investment attraction, and international expansion, as well as launch joint acceleration programs and support resident startups from both countries entering China.

From March 28 to 30, Almaty hosted AlmatyFair.ai, one of the largest AI exhibitions in the region, bringing together leading tech companies, startups, and AI experts. The event was organized by the Ministry of Digital Development, Innovations and Aerospace Industry of Kazakhstan and the Akimat of Almaty. Kaspi.kz served as the general sponsor, with Freedom Bank and Halyk Bank as official partners.

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Press Release

OMIG Securities Launches SA AI Quant National AI‑Driven Investment Plan

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3 hours ago

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April 3, 2025

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Empowering South Africans with accessible, AI‑powered investment tools under full regulatory oversight

Johannesburg, South Africa – April 3, 2025 – OMIG Securities today announced the launch of the SA AI Quant National AI‑Driven Investment Plan, a first‑of‑its‑kind, locally developed platform designed to broaden financial inclusion by providing South African citizens with low‑barrier access to algorithmic investment strategies .

The initiative, authorised by the Financial Sector Conduct Authority (FSCA) and developed in collaboration with the South African Artificial Intelligence Institute (SANAI) and King Shan University, combines machine‑learning algorithms with nineteen South Africa‑specific risk factors – including Eskom load‑shedding alerts and Rand exchange‑rate stress models. All transactions are cleared in real time via the Johannesburg Stock Exchange (JSE) and subject to FSCA algorithmic audit (FSCA‑AI‑2023‑OMIG‑1127) .

Key Features:

  • Low Minimum Investment: Entry threshold of ZAR 100 (management fees waived for BEE‑certified enterprises)
  • Regulatory Compliance: Fully aligned with FSCA’s Financial Sector Conduct Act No. 4; quarterly independent audits by PwC
  • Inclusive Access: USSD (*120666#) and online onboarding enable participation by non‑smartphone users
  • Educational Outreach: Partnership with JSE Academy to deliver online modules and in‑person workshops across all 12 provinces (target: 500,000 participants in Year 1)
  • Social Impact: 15% of gross returns earmarked for the National Technology Development Fund; 20% of excess returns dedicated to township financial literacy programmes

“The SA AI Quant National AI‑Driven Investment Plan embodies our commitment to the National Development Plan 2030 by creating a transparent, regulated pathway for every South African to participate in capital markets,” said Dr. Trevor Abromowitz, Chief Strategy Officer at OMIG Securities .

Performance Disclaimer: Past backtested annualised returns of 12–18% (2018–2023) are for illustrative purposes only and do not guarantee future results.

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DATANEST RESEARCH LIMITED Announces April Upgrade for BTPXS Trading Platform, Enhancing Global Capacity and Server Infrastructure

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3 hours ago

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April 3, 2025

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DATANEST RESEARCH LIMITED, a UK-based fintech company and the developer of the BTPXS Trading Platform, today announced a major infrastructure upgrade scheduled for rollout in April 2025. The upgrade will significantly expand the platform’s concurrent user capacity and global server network, reinforcing its position as one of the most robust and scalable digital asset trading platforms in the world.

The April upgrade will enhance BTPXS’s parallel processing capabilities, enabling the platform to handle peak user traffic of up to 10 million concurrent traders. This marks a substantial leap in system performance, aimed at supporting the platform’s rapidly growing user base and increasing global trading activity.

In addition, DATANEST RESEARCH LIMITED is expanding its international infrastructure by deploying new servers in key global locations, including the United States, United Kingdom, Germany, Hong Kong, Singapore, and Japan. This strategic move is designed to reduce latency, improve order execution speed, and ensure high availability for users in different regions.

“Our mission has always been to provide a seamless, secure, and lightning-fast trading experience,” said Eric Song, spokesperson for DATANEST RESEARCH LIMITED. “This upgrade reflects our long-term commitment to global scalability and the evolving needs of digital asset traders worldwide.”

The BTPXS Trading Platform is known for its high-speed engine, regulatory compliance, and strong security framework. With this upcoming enhancement, the platform is expected to reach a new benchmark in reliability and performance.

About BTPXS Trading Platform

BTPXS is a cutting-edge cryptocurrency trading platform developed by DATANEST RESEARCH LIMITED. Designed for both individual and institutional users, it offers secure, lightning-fast transactions, a robust matching engine, and full compliance with global regulations including AML and KYC. With support for major assets like BTC and ETH, BTPXS aims to provide a seamless and professional trading experience, empowering users worldwide with advanced features and enterprise-grade security.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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