Connect with us

Press Release

Zild Protocol To Be Launched On World’s Fifth-Largest Exchange Bittrex Before Going Live

Published

4 years ago

on

Moscow, Russia–ZILD Lending Protocol, which is a suite of decentralized protocols that support all sorts of ERC20 tokens lending, borrowing, and debt settlement capabilities, is about to launch on Bittrex. At present, there are more than 20,000 users on chain addresses who own the token. The lending protocol, which a prominent player in Decentralized Financial sector (DeFi), is slated to be launched on Bittrex, the world’s fifth-largest exchange, on May 13.

Zild Lending Protocol, which is due to go live on May 19, has been double-checked by the US audit firm Certik and the Chinese audit firm SlowMist. Zild, which has a strong community consensus, is expected to have more than 100,000 participants in its Zild Lending business after its launch. Zild has the basic features of the current mainstream DeFi money markets protocol. At the same time, Zild has introduced a new model in terms of the scope of asset support and risk prevention, which makes it more widely applicable and safe.

“At present, the existing money market protocols all adopt the Compound Single Pool model. Assets in the same pool can be each other’s collateral assets and borrowing assets. In this model, fluctuations in the value of any one asset spread to other assets in the pool. For example, a user deposits $10 million worth of asset A as collateral, and borrows $6 million worth of asset B. When the market price of A falls sharply to $4 million, the borrower who borrowed Asset B will choose not to repay the debt and simply give up the collateral asset. In this case, all users who deposit in Asset B will suffer a loss of $2 million”, said a core team member of Zild.

Unlike the Compound single pool model, Zild uses multiple pools. In multiple pools, the assets of different pools are insulated from each other. After depositing assets in Pool A, the user can only borrow out the assets supported by those from Pool A. For those assets with large market flow and relatively stable value, a pool of basic assets with large scale can be formed. For those assets whose volatility is huge or have not experienced sufficient value verification, a pool with small initial asset size can also be established by flexibly setting indicators such as collateral rate and liquidation penalty rate. The Zild protocol provides the possibility for long tail assets to enter the DeFi money markets field.

With the Zild protocol, each pool in each direction will optimize the interest rate with self-definition by the pool creator. The parameters for increasing interest rates will be configurable for each pool. This will allow for the creation of thousands of lending pools for any ERC20 token, creating the ability to go margin short on a large variety of tokens.

Over the past year or so, with the explosive growth of the Defi industry, more and more crypto assets have started to enter the DeFi space. Lending, swapping, and stablecoin are considered the three fundamental applications supporting the DeFi industry. Compared to the constant iteration of stablecoin on the algorithmic stablecoin model and the continuous innovation of AMM methodology on the DEXs, there were few significant innovations in the money markets in the past period of time. The launch of Zild may change that.

“Users can get liquidity without selling their cryoto. They won’t be forced to sell out their cryptocurrency and they can get enough liquidity for their business overheads and other expenses. Besides that, they can also yield on their crypto to get more liquidity. Using the Zild protocol is quite easy and simple. Users can simply earn interest on their crypto in a completely automated and non-custodial way”, said one of the development team members.

“They can also use their reputation to reduce collateral and avail of the best terms. In other words, they can simply act at their discretion in the decentralized financial market, just as they do in the traditional financial world, getting access to personal loans and overdrafts. As the protocol follows the zero-knowledge proof model, users won’t have to worry about disclosure of their identity to third parties. Not only that, they can also build their decentralized applications and other decentralized software products and earn money from their innovations. Users can easily scale their wallets and liquidity proofs and other kinds of decentralized exchanges on Zild. Zild was designed for rapid, effective and secure development of decentralized finance applications”, he added.

At present, the company offers six apps and solutions. ZILD.api is the interface for off-chain applications, designed for blockchain interactions. ZILD.wallet is the digital assets storage designed for the web and mobile. There’s also ZILD.rewards, which helps users to implement tokenized points and reward systems for loyalty programs. ZILD.influencers is another solution that helps users to rope in social media influencers to promote their dApps. ZILD.dex is the app token exchange developed by the team. The last one, ZILD-P2P, helps users to exchange government currencies for tokens or cryptocurrencies.

The concept of the protocol was first set afloat in early 2020. In 2021 first quarter, ZILD Beta was already launched on Ethereum main-net and the security audit was also done during this period. Zild developers are all set to release Version 2.0 of the protocol during 2021 second quarter, besides having plans to launch reputation-based lending via Xild. The company also has plans to start a referral program and launch Zild governance mechanism. The ultimate goal is to expand Zild protocol beyond the Ethereum network.

About the Company

The mission of Zild is to enable the sustainable creation of individual and collective non-custodial wealth through the decentralized financial technologies.

To know more, visit https://zild.finance/#/

Contact：

Alex Egorov

hello@zild.finance

Website: https://zild.finance/

About Author

Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

See author's posts

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.

Related Topics:
Continue Reading

Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

Published

13 hours ago

on

November 23, 2024

By

DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

Published

13 hours ago

on

November 23, 2024

By

DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

13 hours ago

on

November 23, 2024

By

DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

LATEST POST

Like Us
Follow Us
Subscribe Us
Follow Us