[TECHNICAL NEWS] DECEMBER 13-19, 2021
Mainnet is close and we're looking at another productive week ahead for #DotOcacle team
✅ Write tests for cross-chain stable coin swap
https://bit.ly/3dJ64cw
✅ Continue to integrate bridge on Casper network
✅ Test a new version of the bridge
If you're new to the technology, FOLLOW US on Twitter, Discord and Telegram and stay tuned. Detailed articles will be published this week!
Have a lovely day!
Mainnet is close and we're looking at another productive week ahead for #DotOcacle team
✅ Write tests for cross-chain stable coin swap
https://bit.ly/3dJ64cw
✅ Continue to integrate bridge on Casper network
✅ Test a new version of the bridge
If you're new to the technology, FOLLOW US on Twitter, Discord and Telegram and stay tuned. Detailed articles will be published this week!
Have a lovely day!
"#Explained How Bridge Smart Contract enables cross-chain transactions
When a user wants to transfer 100,000 USDT from ETH to MoonBeam chain, the user issues a request bridge transaction on the ETH blockchain by using the DTO bridge application. The transaction then locks the to-be-bridged amount in the DTO bridge smart contract on ETH.
Then, 99,750 dUSDT (wrapped/locked token) will be issued on MoonBeam chain.
If that user transfers 99,750 dUSDT from MoonBeam back to ETH
- 99,500 dUSDT will be burned on MoonBeam, and
- 99,500 USDT will be released on ETH by the bridge contract.
That explains for the 0.25% fee (0.05% for buying back DTO, 0.2% for rewarding liquidity providers)
In case the users don't transfer back to the genesis chain, the token will keep being wrapped for 2nd, 3rd time. Their value and liquidity will be the same as USDT.
👉 bit.ly/DOT-crosschain
#DotOracle $DTO"
When a user wants to transfer 100,000 USDT from ETH to MoonBeam chain, the user issues a request bridge transaction on the ETH blockchain by using the DTO bridge application. The transaction then locks the to-be-bridged amount in the DTO bridge smart contract on ETH.
Then, 99,750 dUSDT (wrapped/locked token) will be issued on MoonBeam chain.
If that user transfers 99,750 dUSDT from MoonBeam back to ETH
- 99,500 dUSDT will be burned on MoonBeam, and
- 99,500 USDT will be released on ETH by the bridge contract.
That explains for the 0.25% fee (0.05% for buying back DTO, 0.2% for rewarding liquidity providers)
In case the users don't transfer back to the genesis chain, the token will keep being wrapped for 2nd, 3rd time. Their value and liquidity will be the same as USDT.
👉 bit.ly/DOT-crosschain
#DotOracle $DTO"
Congratulations MoonBeam on starting producing blocks on @Polkadot. What an achievement 🎉
We'll keep the momentum going strong by launching #DotOracle mainnet on MoonBeam soon. Can't wait for this!
Stay tuned and check info on our official channels!
https://twitter.com/MoonbeamNetwork/status/1472053609839964164
We'll keep the momentum going strong by launching #DotOracle mainnet on MoonBeam soon. Can't wait for this!
Stay tuned and check info on our official channels!
https://twitter.com/MoonbeamNetwork/status/1472053609839964164
Twitter
Moonbeam Network
1/ 🎉 We are BEYOND excited to announce that the Moonbeam Network is now producing blocks on @Polkadot! 🚀 Moonbeam started its 3-phase launch process tonight. The network is expected to be fully launched by January. Read the announcement here 👇 moonbeam…
Project updates & more info on 2 core products (Q1 and Q2 2022) will be discussed at our #AMA
Speaker: DotOracle dev team
📅 4PM UTC Dec 26th
🟢 Venue: https://t.iss.one/dotoracle
👉 Ask your question here:https://forms.gle/tu9N59EKHF29akp38
Stay tuned and make sure you don't miss it!
#DotOracle $DTO
Speaker: DotOracle dev team
📅 4PM UTC Dec 26th
🟢 Venue: https://t.iss.one/dotoracle
👉 Ask your question here:https://forms.gle/tu9N59EKHF29akp38
Stay tuned and make sure you don't miss it!
#DotOracle $DTO
#DoYouKnow Cross-chain bridge allows user to
✅ Improve productivity and usefulness of existing crypto assets
✅ Enjoy low operational difficulty
✅ Take advantage of lower transfer fees & gas fees
Without a bridge, investors have to go through different exchanges and incur larger fees instead.
Cross-chain bridges also address the following:
👉 Lower gas costs with increased transaction speeds;
👉 User assets can be freely interacted with for a high user experience;
👉 Improved productivity and usefulness of existing crypto assets;
👉 Higher security and better privacy
✅ Improve productivity and usefulness of existing crypto assets
✅ Enjoy low operational difficulty
✅ Take advantage of lower transfer fees & gas fees
Without a bridge, investors have to go through different exchanges and incur larger fees instead.
Cross-chain bridges also address the following:
👉 Lower gas costs with increased transaction speeds;
👉 User assets can be freely interacted with for a high user experience;
👉 Improved productivity and usefulness of existing crypto assets;
👉 Higher security and better privacy
Merry Christmas Everyone! 🎅🎄✨
This has been an exciting year for DotOracle team. Thank you for always being our greatest supporters. May this holiday brings joy to you and your family!
#2moredays to our AMA, where we share our project updates & more info on 2 core products. Plus all your questions will be answered.
Stay tuned and don't miss it! Happy holiday!
#DotOracle $DTO
This has been an exciting year for DotOracle team. Thank you for always being our greatest supporters. May this holiday brings joy to you and your family!
#2moredays to our AMA, where we share our project updates & more info on 2 core products. Plus all your questions will be answered.
Stay tuned and don't miss it! Happy holiday!
#DotOracle $DTO
#only24hours until our #AMA
Don't miss this chance. You ask, we answer!
Speaker: DotOracle's dev team
📅 4PM UTC Dec 26
🟢 Venue: https://t.iss.one/dotoracle
👉 Ask your question here: https://forms.gle/tu9N59EKHF29akp38
Project updates & core products in Q1, Q2 of 2022 will also be discussed.
#DotOracle $DTO
Don't miss this chance. You ask, we answer!
Speaker: DotOracle's dev team
📅 4PM UTC Dec 26
🟢 Venue: https://t.iss.one/dotoracle
👉 Ask your question here: https://forms.gle/tu9N59EKHF29akp38
Project updates & core products in Q1, Q2 of 2022 will also be discussed.
#DotOracle $DTO
"#Recap #AMA with our CEO, Mr. Nguyen Bui, and Dev team
DotOracle team is putting in so much hard work to launch Mainnet in December and develop core products. We love how enthusiastic and overwhelming the DotOtacle community is and we feel it is very important to educate and update the DotOracle Network community so everyone will know what is happening and how to participate in the entire process.
That’s why our CEO Nguyen Bui and the development team have utilized this AMA opportunity to spread awareness about our platform, as well as to better connect with our community and listen to your feedback. Since we are dealing with a global community, we realize not everyone makes it to the AMA due to time differences. So this recap is for you.
Read more: https://medium.com/@dotoracle.network/dotoracle-team-ama-with-the-community-recap-bca5dac5b43b
#DotOracle $DTO
DotOracle team is putting in so much hard work to launch Mainnet in December and develop core products. We love how enthusiastic and overwhelming the DotOtacle community is and we feel it is very important to educate and update the DotOracle Network community so everyone will know what is happening and how to participate in the entire process.
That’s why our CEO Nguyen Bui and the development team have utilized this AMA opportunity to spread awareness about our platform, as well as to better connect with our community and listen to your feedback. Since we are dealing with a global community, we realize not everyone makes it to the AMA due to time differences. So this recap is for you.
Read more: https://medium.com/@dotoracle.network/dotoracle-team-ama-with-the-community-recap-bca5dac5b43b
#DotOracle $DTO
Medium
DOTORACLE TEAM AMA WITH THE COMMUNITY RECAP
Good day everyone!
🎉 HAPPY NEW YEAR 2022 🎉
365 days have passed with countless events and activities that mean a lot to you as our dear users and to us as the ones behind the DotOracle network.
We are grateful for an amazing 2021 with your overwhelmed support. And we don't stop there.
2022 will be filled with innovative new products and exceptional campaigns.
Let's toast to the future.
#DotOracle $DTO
365 days have passed with countless events and activities that mean a lot to you as our dear users and to us as the ones behind the DotOracle network.
We are grateful for an amazing 2021 with your overwhelmed support. And we don't stop there.
2022 will be filled with innovative new products and exceptional campaigns.
Let's toast to the future.
#DotOracle $DTO
#PARTNERSHIP
🔥 We are extremely excited to announce our strategic partnership with @StripFinance
This marks another big step towards listening to our community and doing what's best for you:
✅ A decentralized platform for easing liquidity in the NFT space
✅ Marketing support
✅ DotOracle to feed price data onto Strip Finance
What are their offerings?
- Access to Capital - Enabling NFT collectors to borrow against their assets as collateral on fair interest rates
- Bidding & Pools - Allowing liquidity providers to participate either through direct bidding or pools
- Marketplace - Both lenders & borrowers can opt for either pool or P2P marketplace
We'll make bold changes and huge steps together for a better Defi world!
#DotOracle $DTO
🔥 We are extremely excited to announce our strategic partnership with @StripFinance
This marks another big step towards listening to our community and doing what's best for you:
✅ A decentralized platform for easing liquidity in the NFT space
✅ Marketing support
✅ DotOracle to feed price data onto Strip Finance
What are their offerings?
- Access to Capital - Enabling NFT collectors to borrow against their assets as collateral on fair interest rates
- Bidding & Pools - Allowing liquidity providers to participate either through direct bidding or pools
- Marketplace - Both lenders & borrowers can opt for either pool or P2P marketplace
We'll make bold changes and huge steps together for a better Defi world!
#DotOracle $DTO
Moonbeam Mainnet full launch to be completed by January 11, 2022
https://twitter.com/MoonbeamNetwork/status/1479208148049272834
https://twitter.com/MoonbeamNetwork/status/1479208148049272834
Twitter
Moonbeam Network
🎉 Moonbeam's launch to @Polkadot is planned to be completed by January 11, 2022, after completing phase 2 of its launch process 🎉 🔥 During this phase, 🔑 Sudo (superuser key) will be removed, and ✨ EVM & ⚖️ Balance transfers will be enabled.
🔔 We're pleased to announce our #AMA with @StripFinance team!
Our speaker will be Co-Founder & CEO, Mr. Nguyen Bui from DotOracle
📆 Date & Time: 10pm UTC+7 12/1/2022
👉 Venue: t.iss.one/stripfinance
✅ Follow us for core update
✅ Raise your questions during Live Public AMA. Best Questions will be selected by Project Team and exciting rewards will be given 🎁🎁🎁
Mark your calendar! #DotOracle $DTO
Our speaker will be Co-Founder & CEO, Mr. Nguyen Bui from DotOracle
📆 Date & Time: 10pm UTC+7 12/1/2022
👉 Venue: t.iss.one/stripfinance
✅ Follow us for core update
✅ Raise your questions during Live Public AMA. Best Questions will be selected by Project Team and exciting rewards will be given 🎁🎁🎁
Mark your calendar! #DotOracle $DTO
#PARTNERSHIP
🔥 We are pleased to announce the partnership between Firo & DotOracle Network that opens up the door for assets from other chains to be bridged over to Elysium.
This allows users to easily swap stable coins from one chain to another with a lot of benefits:
✅Higher security with Lelantus protocol privacy technology
✅Improve productivity and usefulness of existing crypto assets
✅Enjoy low operational difficulty
✅Lower gas fee with increased transaction speeds
Read more: https://bitly.com.vn/gizqgv
#DotOracle $DTO
🔥 We are pleased to announce the partnership between Firo & DotOracle Network that opens up the door for assets from other chains to be bridged over to Elysium.
This allows users to easily swap stable coins from one chain to another with a lot of benefits:
✅Higher security with Lelantus protocol privacy technology
✅Improve productivity and usefulness of existing crypto assets
✅Enjoy low operational difficulty
✅Lower gas fee with increased transaction speeds
Read more: https://bitly.com.vn/gizqgv
#DotOracle $DTO
🔔We're pleased to announce our #AMA with the team at Firo.org, whom we recently partnered with to empower users to seamlessly and anonymously transfer assets to others.
🗓Date & Time: 1 PM UTC on 28th Jan 2022
👉Venue: https://t.iss.one/dotoracle
🎁Reward: 200$ for 5 best questions
Join us for a fun time and awesome rewards! We look forward to answering all your great questions!
#DotOracle $DTO
🗓Date & Time: 1 PM UTC on 28th Jan 2022
👉Venue: https://t.iss.one/dotoracle
🎁Reward: 200$ for 5 best questions
Join us for a fun time and awesome rewards! We look forward to answering all your great questions!
#DotOracle $DTO
Dotoracle is excited to partner with The Arcadia Group a Pioneering Blockchain Software, and blockchain security company. Arcadia is one of the very first builders on the Casper blockchain. DotOracle and Arcadia will cooperate on the following
✅Integrate Casper Ecosystem on DotOracle bridge.
✅Marketing initiative
✅ Arcadia's making a custom frontend to support and become a validator of DotOracle
Together with the Moonbeam network, we are expanding our products toward the Capser ecosystem.
✅Integrate Casper Ecosystem on DotOracle bridge.
✅Marketing initiative
✅ Arcadia's making a custom frontend to support and become a validator of DotOracle
Together with the Moonbeam network, we are expanding our products toward the Capser ecosystem.
Through our partnership with @theacardiagroup, a partner of CasperLabs, DotOracle aims to build the FIRST EVER multichain bridge on Casper #Mainnet.
👉This integration will allow users to transfer assets between MoonBeam Polkadot, Ethereum, Polygon, Fantom, Binance Smart Chain, and Casper networks seamlessly.
For every cross-chain transaction made via the DotOracle bridge from other chains to Casper, a new wrapped token, e.g. dUSDC or dDAI, with the equivalent amount of the cross-chain transaction will be issued on the receiving network (Casper for example), which is then burned to release the corresponding amount when transferring back.
This allows for interoperability between different chains while, on the other hand, providing utmost security for users with DotOralce Decentralized network, a first for the Casper network!
👉This integration will allow users to transfer assets between MoonBeam Polkadot, Ethereum, Polygon, Fantom, Binance Smart Chain, and Casper networks seamlessly.
For every cross-chain transaction made via the DotOracle bridge from other chains to Casper, a new wrapped token, e.g. dUSDC or dDAI, with the equivalent amount of the cross-chain transaction will be issued on the receiving network (Casper for example), which is then burned to release the corresponding amount when transferring back.
This allows for interoperability between different chains while, on the other hand, providing utmost security for users with DotOralce Decentralized network, a first for the Casper network!
🔔We're thrilled to announce our #AMA with @firoorg
🗓Date & Time: 2 PM UTC on 12 th of Feb 2022
👉Venue: https://t.iss.one/firoorg
🎁Reward: 200$ for 5 best questions
Let 's join us for a fun time and awesome rewards! We look forward to answering all your great questions!
#DotOracle $DTO
🗓Date & Time: 2 PM UTC on 12 th of Feb 2022
👉Venue: https://t.iss.one/firoorg
🎁Reward: 200$ for 5 best questions
Let 's join us for a fun time and awesome rewards! We look forward to answering all your great questions!
#DotOracle $DTO
🌈Our privacy stable coin bridge on Firo’s #Elysium layer will launch in Q1 2022.
We're building a decentralized pool on the Elysium layer that will allow you to swap between stablecoin and dUSD tokens. This pool will use MPC security techs run by DotOracle nodes.
Using our stable coin bridge, you can send and withdraw USDC from every chain (Ethereum, BSC, Polygon, Polkadot, etc.) to Elysium. Our dUSD pool will mint or burn the dUSD amount equivalent to your sending and withdrawing amount, enabling you to make anonymized, secure token swaps.
📔Learn more: https://medium.com/@dotoracle.network/firo-dotoracle-partnership-integration-dto-stable-coins-bridge-with-elysium-55c5c640c90c
We're building a decentralized pool on the Elysium layer that will allow you to swap between stablecoin and dUSD tokens. This pool will use MPC security techs run by DotOracle nodes.
Using our stable coin bridge, you can send and withdraw USDC from every chain (Ethereum, BSC, Polygon, Polkadot, etc.) to Elysium. Our dUSD pool will mint or burn the dUSD amount equivalent to your sending and withdrawing amount, enabling you to make anonymized, secure token swaps.
📔Learn more: https://medium.com/@dotoracle.network/firo-dotoracle-partnership-integration-dto-stable-coins-bridge-with-elysium-55c5c640c90c
Our progress on building the 1st cross-chain bridge on Casper Network with partner Arcadia Group:
✅Refine ERC20 smart contract onto Casper to support Dotoracle MPC
✅Wrote smart contract on Casper Network
✅ERC20 transfer detection on Casper Network
⌛️Integrate Casper into our current bridge
⌛️Integrate MPC privacy tech into the bridge
⌛️Update DotOracle frontend to support Casper Network
Read more: https://medium.com/@dotoracle.network/arcadia-dotoracle-partnership-building-the-first-cross-chain-bridge-on-casper-network-2fcf13e95abd
#Mainnet is coming very soon, please stay tuned!
✅Refine ERC20 smart contract onto Casper to support Dotoracle MPC
✅Wrote smart contract on Casper Network
✅ERC20 transfer detection on Casper Network
⌛️Integrate Casper into our current bridge
⌛️Integrate MPC privacy tech into the bridge
⌛️Update DotOracle frontend to support Casper Network
Read more: https://medium.com/@dotoracle.network/arcadia-dotoracle-partnership-building-the-first-cross-chain-bridge-on-casper-network-2fcf13e95abd
#Mainnet is coming very soon, please stay tuned!
In case you missed it, check the recap of our #AMA with @firoorg where our CEO, Mr. Nguyen Bui discuss our partnership and the values of DotOracle Network for crypto users worldwide:
👉 https://medium.com/@dotoracle.network/recap-ama-dotoracle-with-partner-firo-65fbabf95ddb
#DotOracle $DTO"
👉 https://medium.com/@dotoracle.network/recap-ama-dotoracle-with-partner-firo-65fbabf95ddb
#DotOracle $DTO"
Our progress is almost done. Mainnet is coming!!!
✅Integrate MPC privacy tech into the bridge
✅Refine ERC20 smart contract onto Casper to support Dotoracle MPC
✅Wrote smart contract on Casper Network
✅ERC20 transfer detection on Casper Network
⌛️Integrate Casper into our current bridge
⌛️Update DotOracle frontend to support Casper Network
#DTO #DotOracle
✅Integrate MPC privacy tech into the bridge
✅Refine ERC20 smart contract onto Casper to support Dotoracle MPC
✅Wrote smart contract on Casper Network
✅ERC20 transfer detection on Casper Network
⌛️Integrate Casper into our current bridge
⌛️Update DotOracle frontend to support Casper Network
#DTO #DotOracle