Congratulations to everiToken
Today is a great day for the Konstellation Network! Our partner EveriToken just created a bridge for their native EVT tokens to be easily swapped into equivalent BEP-2 tokens. Now you can trade EVT on the Binance DEX. Congratulations are most certainly in order!
In less than four months since its launch, Binance Chain has become the new “El Dorado” for blockchain companies. There are now 127 BEP-2 assets listed on Binance Chain and more are added every day. Back in the 16th century, El Dorado was the fever dream of wealthy Spanish conquistadors looking for fame and fortune in South America. In the years afterwards, the term came to mean “a place of wealth or great opportunity.”
Is Binance Chain the Crypto El Dorado?
Certainly, that’s what binance.org has become, with the Binance DEX offering all the advantages of the company’s centralized exchange, along with important benefits provided by its decentralized offering. The current platform provides for the secure and efficient processing of transactions that are maintained in a decentralized orderbook maintained by the independently run nodes on Binance Chain. Built upon Cosmos SDK technology, the Binance DEX allows people to keep full custody of their tokens while still enabling them to trade them with speed.
EVT joining the Binance Chain offers a lot of development possibilities, such as being part of the Cosmos Network in the future. The Cosmos Network is creating an Internet of Blockchains so that all of them can interact with each other. Bitcoin and Ethereum will soon be linked via the Cosmos Hub using the Tendermint protocol. By linking Everitoken with the Binance Chain, both chains will contribute to and help the Cosmos Network become an efficient layer of blockchain-based infrastructure to move assets easily and efficiently from one chain to another.
Is this news beneficial to Konstellation?
In short, everiToken made a smart move to incorporate their products and infrastructure into the burgeoning Binance Chain ecosystem. By extension, we’re excited about the prospects of Konstellation Network to benefit from one of our key partners having such liquidity on the Binance DEX.
Indeed, tokenization is in everyone’s mouth today. Blockchain companies are vying to be one of the trusted providers of tokenized assets for the long-term future of what is likely to be a large and important global industry.
Brady Luo and his team at Everitoken bring a wide range of new possibilities to the space, which will now be amplified with their new listing on Binance DEX.
“Kudos to our friends at EVT for their listing on Binance DEX. Another great partner making big moves. At Konstellation, we are looking forward to working toward the same vision of interoperability and increased adoption to make blockchain a mainstream solution,” said Sang Lee on the occasion.
Konstellation Network and its partners could not be more thrilled to see our friend’s success. We are excited at the prospects of future common projects. A whole new world is opening up in our Network, and we can’t wait to see that happen!
About Konstellation Network (DARC)
Konstellation (DARC) will expand the blockchain ecosystem for the massive global financial services industry. Large financial institutions want to start digital asset investment, but there is no existing infrastructure for the creation, storage and distribution of digital assets.
DARC is the utility token that powers the Konstellation Network, a hybrid public/private blockchain which will allow for (i) the creation of digital assets, (ii) the seamless and global blockchain-enabled trusted interaction with critical counterparties and (iii) the backbone upon which financial institutions can interact with each other in a transparent, secure and, most importantly, compliant manner. It currently trades on Exrates and P2PB2B.
About everiToken (EVT)
Registered in Zug, Switzerland, everiToken is the world’s first token-customized public chain specifically crafted to provide the infrastructure for a global token economy. The everiToken mainnet launched on July 31, 2018. The everiToken public chain is well on its way to providing a high TPS solution (10,000+) with investment-grade security and standardization.
About Binance Chain
As a public blockchain, Binance Chain mainly focuses on the transfer and trading of blockchain assets using its BEP-2 native token protocol standard. The combination provides new possibilities for the future flow of blockchain assets. The Binance DEX on Binance Chain focuses on performance, ease-of-use, and liquidity.
About Cosmos Network (ATOM)
The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint. Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work. Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains cannot do well.
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