Der ETH-Kurs legt nach einer Woche mit Zuwächsen eine Pause ein. Analysten halten einen Rückgang für wahrscheinlich auf den dann eine Rallye in den September hinein folgt, wo es zum Merge kommen soll.
The Science DAO: a streamlined and fast funding solution for science projects
As the adoption of blockchain technology and cryptocurrencies gathers momentum across various fields, decentralized autonomous organizations (DAOs) are becoming popular among different industries and companies. In particular, DAOs are proving to be well-suited for fields like science that suffer from the lack of sufficient funding because of poor market conditions.
In most cases, scientists have been forced to turn to centralized organizations like governments and banks when they need funding for their projects. However, these organizations are in most cases slow and very bureaucratic leading to long delays and at times the funds are never processed.
Besides funding problems, scientists are also forced to seek help or personnel resources from other professionals; something that could impact the quality of their research since the scientists are first forced to forsake their primary role of researching to look for the resources.
However, if scientists are to use a decentralized organization approach, they would not have to worry about competing for resources since everyone has a fair say in how the organization is run and every invention gets a fair share of the funding. One such DAO that has gained a lot of reputation among scientists is The Science DAO.
How The Science DAO works
The Science DAO is a decentralized think tank, incubator engine, and accelerator platform that drives funding for various science projects and inventions. It is a decentralized community comprising scientists, entrepreneurs, engineers, and other people who are interested in science.
Being a DAO, The Science DAO is run by its members; meaning it does not receive instructions from any centralized organization. As such, it is agile and its operations are responsive to the needs of the members.
It focuses on increasing the flow of resources to scientists working on cutting-edge projects revolving around natural science and computing, health and environment, and technology. It does so by connecting the innovators or scientists with investors who can provide them with the required resources to realize their projects.
Some of the projects that are currently being funded through The Science DAO include the development of new treatments like the use of nanotechnology to destroy cancer cells and the use of tailored treatments.
Funding projects through decentralized organizations
Given that most science projects are long-term and require a lot of money to actualize, decentralized organizations offer a more efficient funding solution.
With traditional funding methods, scientists waste a lot of time in the lengthy processes of applying for funding and also wait longer (months or years) to see if they shall get the funding or not. This results in a lot of time wastage which the scientists could use to work on their projects instead.
On the contrary, DAOs like The science DAO offer a faster and more efficient solution.
The Science DAO, which is the first of its kind platform to apply the DAO model in funding science projects, uses non-fungible tokens (NFTs) to distribute funds to innovators and scientists.
Each invention, development, or research project is divided into different parts and each part is represented by an NFT. These NFTs are then sold out to investors. For example, if a project can be divided into 2000 parts, it means it will have 2000 NFTs and if the NFTs are sold at $1000 per NFT, the project will be able to raise $2,000,000 by selling all the NFTs. This way, science projects can get funded without depending on traditional venture capital firms, banks, or the government.
If the company or project performs extremely well, the market value of the NFTs rise, and investors can sell them at a profit in the secondary markets.
However, every project that seeks to be funded on The Sconce DAO must first be vetted by the DAO’s community. This ensures that only the best legit projects are funded and also increases the likelihood of the projects being successful.
Conclusion
Although there are many areas that decentralization can benefit the field of science, funding is where decentralized science shines most. The funding process is more streamlined and fast allowing scientists to focus on their research instead of worrying about where the funds will come from.
Besides, with The Science DAO, investors are assured of investing only in the best projects since every project is vetted before being allowed to conduct funding on the platform.
Additionally, The Science DAO is advised by some of the best minds there is in the science industry. They include the likes of Mark Ashida (the former senior executive at Microsoft), John Aitchison, Ph.D. (the co-founder of the Center for Global Infectious Disease at Seattle Children’s Research Institute), Juan Carlos Jaume (Professor of Medicine and chief, Endocrinology, Diabetes and Metabolism at the University of Toledo), and Juan Carlos Jaume (Professor of Medicine and chief, Endocrinology, Diabetes, and Metabolism at the University of Toledo) among others.
The post The Science DAO: a streamlined and fast funding solution for science projects appeared first on CoinJournal.
„Sell the News“? Cardano-Kurs könnte trotz „Vasil“-Hard Fork um 20 Prozent sinken
ADA hat trotz des mit Spannung erwarteten Hard Fork immer weniger Käufer. Ist das ein schlechtes Zeichen?
YFII price prediction: Does DFI.Money Have More Upside?
The YFII price soared to the highest point since June 25th of this year. The token surged to a high of $1,700, which was about 385% above the lowest level in June this year. The token has a market cap of more than $66 million.
What is DFI.Money?
DFI.Money is a relatively small DeFi platform that is in the yield farming sub-sector. The platform allows people to earn strong interest by just investing in high-yield tokens. It was created after a hard fork of Yearn Finance, one of the leading platforms in the industry.
It automatically configures the smart contract financial platform with the best DeFi mining income market. It has low transaction fees and the ability to move tokens across multiple vaults. D
DFI.Money is powered by the YFII token. Users can earn it by contributing liquidity to the ecosystem. It does a similar thing to what UNI does for the Uniswap ecosystem.
YFII price has bounced back recently as investors focus on the ongoing recovery of the DeFi industry. Recently, the total value locked in the sector has surged to more than $83 billion. While this is lower than the all-time high of almost $250 billion, it is much higher than this month’s low of about $70 billion.
Investors appear to believe that many DeFi platforms will thrive now that the industry has gone through a stress test. The test has seen companies like Voyager Token and Curve go bankrupt. Therefore, there is a close comparison of what happened during the dot com bubble and the fact that many companies thrived afterward.
YFII price prediction
The four-hour chart shows that the YFII price has been in an upward trend in the past few days. It has managed to rise by more than 385%, making it the best-performing coins in the industry. It has moved above the important resistance level at $1,470, which was the highest point on July 19th
YFII is above the 25 and 50-day moving averages while the Relative Strength Index has moved close to the overbought level. Therefore, the coin will likely keep rising now that it has moved above the resistance at $1,470.
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CRV price prediction as Curve DAO unveils stablecoin plans
The CRV price has been in a strong bullish trend in the past few days. Curve rally accelerated after the network announced that it will launch a new stablecoin. It rose to a high of $1.45, which was the highest point since May 31st of this year. It has risen by more than 157% above the lowest level this year, bringing its total market cap to over $569 million.
Curve DAO to launch a stablecoin
The CRV price has been in a strong bullish momentum in the past few days as investors move to blue-chip DeFi tokens. The thinking is that these platforms have gone through a major stress test with the recent crash of cryptocurrencies and the implosion of major platforms like Terra and Three Arrows Capital.
Another theory is that the leading DeFi players like Aave, Uniswap, and Lido will thrive just as companies like Google and Yahoo thrived after the dot com bubble.
Curve DAO price is soaring after the developers announced that they will launch a new stablecoin that will help to facilitate payments in the ecosystem. The stablecoin will be significantly different from the popular ones like Tether and USD Coin.
The difference is that it will not be backed by anything like the US dollar or gold. Instead, it will be an over-collateralized coin like Tron’s USDD. These coins are usually backed by volatile assets like Bitcoin and other cryptocurrencies.
Curve DAO’s stablecoin launch comes at a time when many other decentralised platforms are launching their own coins. Maker was among the first ones to launch its token when it launched Dai. Tron recently launched USDD that has a market cap of over $700 million while Near Protocol has USN.
The risk for these algorithmic coins is that they could easily lose their peg when volatility surges. In addition to Terra UST, other coins that lost their peg are Dei and Neutrino.
CRV price prediction
The four-hour chart shows that the Curve DAO price has been in a strong bullish trend in the past few weeks. As it rose, it managed to move above the upper side of the ascending channel pattern that is shown in blue.
The coin also rose above the 25-day and 50-day moving averages while the Relative Strength Index and the MACD have continued rising.
Therefore, the coin will likely continue rising as bulls target the next key resistance at $1.5. After hitting this psychological level, the coin will likely pull back and retest the upper side of the channel.
The post CRV price prediction as Curve DAO unveils stablecoin plans appeared first on CoinJournal.