SOMA Finance – The Best of DeFi & TradFi
Bill Heyn is the CEO of SOMA.finance. SOMA is building finance for the future by uniting DeFi and TradFi. SOMA aims to be the first DEX-style trading platform that is legal and compliant in the US, and the rest of the world.
Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises Over $670k in Under 2 Weeks
Metacade, the first-ever community-developed play-to-earn (P2E) blockchain arcade, has announced the launch of its highly anticipated $MCADE token presale.
ICOs and hybrid token offerings — a legal perspective
For many startups in the blockchain space, the ICO has delivered access to first-round funding that otherwise would never have been available from traditional venture investors. At the same time, a parallel trend for traditional VC-backed startups has emerged as they too explore how to tokenize and 'blockchain' their businesses and raise non-dilutive capital through an ICO.
Making token sales smart
One of the core benefits of blockchains is that they enable you to transfer assets to anyone around the globe. These assets can be native “protocol tokens,” like bitcoin or ether. They can be “app tokens,” which are managed by small computer scripts running on the Ethereum blockchain known as smart contracts. Or tokens can represent real world assets, like a barrel of oil, diamonds, stocks, bonds, investment securities, a piece of machinery, or even a contract itself (e.g., a lease, deed, or title to property). Ethereum makes it relatively easy to create tokens. With less than a hundred lines of code, a software developer can create an ERC20 token, deploying a smart contract program on Ethereum that keeps track of who owns a given token at a particular point in time. Over the past several years, ERC20 tokens have taken the world by storm, with over $1.8 billion in tokens sold to date.
Decentraland raises $24 million in 35 seconds, leaving retail investors out in the cold
Decentraland had its Initial Coin Offering (ICO) last week, but sold out so fast that the vast majority of users waiting for the launch never got any of their orders filled. Roughly 10,000 potential investors lined up to grab some of the native tokens, MANA. “Due to the overwhelming response to the project, almost 7,000 transactions did not go through, which resulted in a lot of disappointment,” the leader developer said on Saturday.
