Crypto Ecosytems

In the recent months Ecosystems has been a buzz-word. 

Here are a few of the Topics that are important to the Ecosystem I find myself within; Hubs, NFTs, Identity, Security, Vaults, Marketplaces, Alerts, Automation, DEX, DeFi, Smart Contracts, Cross-Chain, Multi-Chain, Liquidity, Web 3.0, Privacy, Confidentiality, Accounts, Proof of Work, Mining, Proof of Stake, Staking, Yield Farming, Liquidity Mining, Value Chains, Metaverse, Gaming, GameFi, Interoperability, Digital Assets, FinTech, CEX, CeFi, Biometrics, and Other.

I'm curious, what Topics are Important to the Ecosystem you find Yourself within?



Linkback: https://www.forex.zone/coins-and-tokens/20/crypto-ecosytems/3696/

Interoperability:

In the past the Core Philosophy of DeFi has been mentioned, which is Build for Interoperability.  

• Cross-Chain
• Multi-Chain

Then there is the concept of Building with Blocks.  DeFi uses the "Building with Legos" comparison where the one building uses the DeFi blocks/tools that make the most sense and provide the most benefit to the overall project.  These are existing tools and resources that are pieced together to make a new tool, resource, product, service, etc.

Below is a list of "Buzz Words" important to the Ecosystem I find myself and I am continuing to build with already existing tools as well as new tools when the become available.  The Ecosystem is clearly Cross-Chain / Multi-Chain.

So what's your Ecosystem & is it open to Interoperability?  

Swaps:

The first Atomic Swap occurred in September of 2017 between Decred & Litecoin.

P2P Lending / NFTs

Signum:USDX

https://explorer.notallmine.net/asset/17499635647522107780

Been thinking through how to make the Signum:USDx Token more decentralized & am considering the following in connection with the NFT that has already been mentioned.

Important:

• Taking into consideration a Signum:USDX NFT with 1,000 USDx attached for P2P loan tracking.
• When that NFT is acquired the owner will receive 1,000 USDx, which is theirs to keep and use even if they sell the NFT.
• If a current owner sells their NFT, new owners will also receive 1,000 USDx.

The intent behind this is to create a Chain of Value.  That Chain of Value is based on P2P Loans backed by cash, or some other asset, and tracked by the USDx.

One thing I would like to address is the following...  This is not an advertisement.  As a matter of fact, this particular P2P Ecosystem will be making its way into an already established White Paper as soon as it is 100% operational.

It is true that not every Use Case/ Idea has merit.
The value of this Use Case/ Idea is based on what it provides to those who already use it..

I totally agree that ecosystems have been a buzz-word recently I have spent some time diving deep into the GameFi ecosystem and I've been eyeing MetaWars Let me know what you think about their project and might consider investing in them someday

Regarding Signum:USDx

This has been a most interesting project. 

As stated in the description
"USDx is a Burst Token intended to be in parity with the U.S. dollar or existing stablecoins (USDS, USDT, USDC, TUSD, PAX, DAI, etc.)"

A personal opinion...  When adding Signum:USDx to the Burst Blockchain, now Signum, it was understood that balances and transactions would be publicly viewable.  As such, it was taken into consideration that wallets would be publicly viewable as well.  That said, my viewpoint is that Signum:USDx is similar to a cash in/cash out public ledger.

It has come to my attention that some viewing the public transactions assumed that balances held in wallets was debt attached to loans.  That was an assumption. 

The Use Cases for Signum:USDx are within the users imagination and potentially endless.  A peg to the U.S. dollar, as well as USD pegged stablecoins, that maintained parity was the catalyst.  That has not changed. 

Use Case:
U.S. dollars sent into a variety of Crypto projects.  Some wallets are tracking U.S dollars, via crypto, extended to a variety of DeFi protocols.  Some of the dollars, via crypto, were devastated by arbitrage, but those dollars still exist somewhere...

Original Use Case:
Let's just say I bought a car and needed an easy way to track paying back the USD cash provided by a direct Family Member.  Every single U.S. dollar was tracked and every single USDx connected to the specific wallets utilized was backed by USD.  By the way, a huge Thank You goes out to the one who trusted me enough to to back me in the acquisition of that pretty sweet ride.  You know who you are.

Some say "You have to do eveything yourself."  I understand that, I find it an admirable quality to emulate.  However, it's also nice to have Friends & Family in your corner.

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The Whitepaper (Original Use Case) might need slight revisions, but it worked for yours truly!!!
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