Weekly news from Kusama & Polkadot #55
1. Pendulum crowdloan waitlist is now live
The Pendulum Polkadot crowdloan will start on December 16th, while the Pendulum’s crowdloan waitlist is now LIVE! With swift action, you can claim an extra 10% $PEN tokens + 5% extra for every referred friend’s contribution.
There are two ways how to get some extra bonus by using the waitlist and not waiting until the crowdloan start:
- Everyone on the waitlist will receive a 5% bonus when contributing to the crowdloan
- Completing the Amplifier campaign will give you an additional 5% bonus
- Besides that, you can use the referral bonus of 5 % from your friends' contributions. Kindly use our referral code/link to enter the Pendulum’s waitlist https://pendulumchain.org/crowdloan/waitlist?r=fXlR7
What is Pendulum? Pendulum is building the missing link between fiat and DeFi through a forex-optimized smart contract DeFi network. The blockchain infrastructure will allow traditional financial services to seamlessly integrate with DeFi applications such as specialized forex AMMs, lending protocols, and yield farming. The $PEN token will power the Pendulum ecosystem.
2. Exosama Network released the whitepaper
Exosama Network released the whitepaper showing the roadmap to create mass adoption. The whitepaper outlines the chain’s structure, which is going to be a standalone PoA chain where validators are selected, similar to the Energy Web chain, which Exosama is a fork of. At first, Exosama will have 3 validators voted in by the community. It will have an NFT-based governance model, an EVM module, and custom build Substrate modules offloading specific functionalities from the EVM contracts to increase efficiency.
Exosama is going to revolutionize the Web3 space with some cool features like NFT staking, Pos-DAO, gasless transactions, verifiability of randomized loot boxes/mints, etc. Exosama is meant to be here for testing, innovation, and chaos, not stability (yet), which will be brought in approx 6 months when Exosama will migrate to become a Polkadot parachain and then be renamed from Exosama Network to Moonsama Network. Being Polkadot’s parachain will mean for this project more security, stability, and interoperability within the Dotsama ecosystem.
As you can check yourself at the Exosama block explorer, the tx cost is minimal and avg block time is 5s or 3s with higher gas fees.
Exosama is going to be the world’s first blockchain to use NFTs for governance. While NFTs have an illiquid character, they are more suitable for governance, because there is no way some whale can buy up an insignificant % of a token’s supply and turn a vote in the desirable direction.
There's gonna be various usecases on Exosama, while Raresama will migrate from Moonbeam to Exosama Network as the 1st NFT marketplace. Another project building on Exosama Network is Khaos DEX from the Beamswap builders, which will include an AMM, swapping, bridging, farming, and liquidity providing for P2P tx’s.
3. Energy Web partners with Rocky Mountain Institute to build a digital registry for sustainable aviation fuel certificates
Energy Web announced the new partnership with Rocky Mountain Institute (RMI) to build an independent digital registry for sustainable aviation fuel (SAF) certificates. SAF certificates should support and accelerate the adoption of low-carbon fuels. This work is a part of ongoing work to decarbonize flights with the Sustainable Aviation Buyers Alliance (SABA), a coalition of corporate buyers and aviators committed to decarbonizing aviation, which was co-founded by RMI and the Environmental Defense Fund.
This will increase the transparency of statements about how flying reduces emissions. Additionally, the SAF registry would encourage and hasten the use of environmentally friendly aviation fuels that significantly cut the lifetime emissions from air travel. SAF is a drop-in fuel created from waste or renewable feedstocks that can reduce flight lifecycle emissions by up to 99%. SAF manufacturing is currently insufficient to satisfy demand from corporate fliers looking to decarbonize aircraft for their personnel and cargo. Even if the actual fuel is not yet available for their flights, SAF certificates allow businesses and other aviation customers to pay for the environmental advantages, such as emissions reductions, of SAF.
The SAF registry is a chance to highlight how technology can make intricate supply networks like SAF more transparent and trustworthy. The SAF sector can aid other difficult-to-decarbonize sectors in understanding what is achievable with digital technology by creating the registry as open source.
The registry will make it possible for SAF suppliers, airlines, corporate fliers, freight carriers, logistics service providers, and freight shippers to prove and verify that the SAF and SAFc they invest in adhere to specified sustainability standards connected to each fuel’s SC certification. A transparent, user-friendly registry based on a strict accounting methodology will increase public trust in claims of SAF emissions reduction, spur investment in SAF manufacturing, and hasten the decarbonization of the aviation industry. In mid-2023, the SAFc registry is anticipated to go live.
4. Moonbeam <->Bifrost XCM integration is enabled
There has been enabled a new XCM integration between Moonbeam and Bifrost, which will allow BNC & GLMR token transfers between these two chains. This integration also allows token holders to use BNC as xcBNC (an XC-20 token) on Moonbeam’s DeFi and sets the foundation for GLMR liquid staking on Bifrost. Moonbeam’s native token GLMR is now available on Bifrost.
One parachain’s ability to make remote calls on another’s is made possible by XCM, which is a crucial component of the GLMR liquid staking solution that Bifrost offers via XCM. It is now simpler than ever for developers to use these features in the creation of cross-chain applications on Moonbeam thanks to the recent activation of the XCM SDK.
Bifrost exists as a parachain on Kusama and Polkadot and both protocols provide staking derivatives and liquidity to bonding assets such as vTokens (Staking Derivatives Voucher Token), which allow users to exchange PoS tokens for vTokens and obtain liquidity and staking rewards at the same time.
Moonbeam is the top destination for multi-chain applications on Polkadot while using the Ethereum technology enabling the XC-20 standard (Moonbeam’s representation of the ERC-20 standard on Ethereum).
5. Crust partners with Peaq to bring decentralized data storage to the Economy of Things (EoT)
Crust Network has announced a new partnership with Peaq, the Web3 network powering the Economy of Things (EoT). Through this integration, developers building on Peaq can leverage Crust functionality and host decentralized applications and tap into its data storage marketplace.
With the Crust integration, developers using Peaq may take advantage of the network to decentralized processes and store a variety of data assets for their dApps. Crust enables to use of solutions such as the peer-to-peer Interplanetary File System (IPFS) for usecases like:
- hosting dApp frontend in a decentralized manner
- hosting and handling Web3 application data
- securely storing machine data
“Secure, accessible, and decentralized data storage is crucial for truly decentralizing Web3 applications and services. By partnering with Crust, we empower builders innovating on peaq to leverage Crust’s network for processing their dApps’ data needs. From safely hosting the user interfaces on Web3 networks to powering advanced operations on data, this integration will greatly expand our overall versatility,” says Leonard Dorlöchter, Co-Founder of Peaq, source
Peaq is the Web3 network powering the Economy of Things (EoT) on Polkadot which enables entrepreneurs and developers to build decentralized applications for vehicles, robots, and IoT devices while empowering users to govern and earn as connected machines provide goods and services. Peaq is trying to democratize plenty in the Age of Automation while also co-creating the standards that will power the future of mobility and other connected businesses.
The Economy of Things (EoT) refers to IoT devices and enables them autonomously monetize and trade the value IoT devices create, moving beyond the status of a tool to that of an economic agent.
How to describe the Economy of Things? Imagine being passengers in our own fully autonomous cars in the future. While we’re at work, these vehicles can use their secure SSI to earn us extra money by operating as autonomous taxis or on-demand delivery services. Whenever the vehicle needs a charge, simply drive to the charging station, verify and pay, and the robotic arm will connect it to the charger. After work, this autonomous vehicle will take us home from work. This car will also be able to drive to sell the electricity produced by our solar panels on our house.
Consider supporting us by nominating your tokens to the Kusama or Polkadot validator going by the POLKADOTTERS name.
