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Introducing WAY2BIT and the Bora Blockchain Ecosystem

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Introducing WAY2BIT and the Bora Blockchain Ecosystem
Source: Bora

WAY2BIT is a blockchain technology company established in December 2017 that concentrates on the advancement of blockchain-based platform services. WAY2BIT is developing a commercial platform called BORA to create new value using blockchain technology.

BORA is a dApp platform designed to solve existing industry problems by distributing games and digital content, and incentivizing user interaction using a dual blockchain structure and proprietary token mechanism. WAY2BIT has finished development of the alpha version for the BORA platform and opened the “BORA Lagoon” testnet in October 2018. They plan to officially launch BORA in first half of 2019 and expand the ecosystem.

WAY2BIT has signed agreements to build a blockchain ecosystem with over 30 professional companies including game developers, healthcare providers, education consultants, real estate companies, and grid address developers. Recognized for their growth and development, WAY2BIT also attracted investment from companies such as Blockwater Capital, Kakao Games, Neptune, and Dunamu & Partners.

BORA Performance:

BORA provides a solution which enables secure and transparent distribution of content and protects and unlocks the value of digital assets on the blockchain. In addition, the BORA platform is designed using a modular architecture to allow independent blockchain execution by content providers. This ensures that the data and transactions of each service are guaranteed to run independently and without impact to other services on the platform.

Meanwhile, users can leverage various content services provided by the BORA ecosystem through a single, unified user experience. User identity, accounts, and assets are completely integrated and mutually compatible within the ecosystem, and the BORA platform has the performance and scalability to handle the activities of these content services seamlessly.

BORA uses a dual-blockchain architecture consisting of an Ethereum Mainnet and multiple sidechain sets. Each sidechain set can handle 2,200 TPS [transactions per second]. The design is modular and can be expanded easily. For example, a five set side-chain would have a total processing capability of 11,000 TPS [2,200 TPS x 5]. There is also no structural limitation on sidechain expansion, so performance could be scaled indefinitely using additional sidechain sets.

User Benefits and Value:

While the blockchain provides transparency and trust through immutability, realization of a usable service inevitably requires some form of recovery, whether due to negligence, mistake, or intended error. BORA has already completed technical testing and validation of recovery methods and is considering rules and policies to ensure that it is not deployed in contradiction to the principles of blockchain.

This unique feature of BORA enables rich user experiences and value and offers a more realistic approach to high-quality blockchain services. Through their experience in developing a variety of traditional IT platforms, the people behind BORA are working hard to apply their development and operational knowledge to provide user-friendly experiences and features using the blockchain.

For more information about BORA:



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Press Release

Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June

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Ampleforth [AMPL] To Conduct First IEO on BitFinex and Ethfinex’s Blockchain Project Launch Platform, Tokinex, in June
Source: Pixabay

Ampleforth expected ticker symbol AMPL, announced today it will be the first initial exchange offering to be conducted on Bitfinex&Ethfinex’s token project launch platform, Tokinex.

Ampleforth’s whitepaper, co-authored by Manuel Ricon Cruz, a researcher at the Hoover Institute, introduces the Ampleforth protocol. Further context for understanding the implications of AMPL as a new type of synthetic commodity and economic theory is provided in the accompanying Red Book.

The appeal of digital assets like Bitcoin is that they are uncorrelated with traditional asset groups. But, among large-cap digital assets, there is a high degree of non-diversifiable risk and the price volatility of most cryptocurrencies mimic that of Bitcoin.

Evan Kuo, CEO, and founder of Ampleforth said, 

“We see Amples as having a near-term utility that naturally dovetails into a much bigger vision, and I can’t wait to see it unfold. The Bitfinex and Ethfinex user communities are among the best in the industry, and we are excited to work alongside the Tokinex team for Amples’ exchange debut.”

Ampleforth’s protocol receives exchange-rate information from trusted oracles and propagates that to holders of Amples by proportionally increasing or decreasing the number of tokens each individual holds according to the magnitude of the exchange rate fluctuations over the previous 24 hrs.

For traders, these changes in the exchange rate and quantity translate into changes in Ample’s market capitalization. Ultimately, unique trader behavior in response to the protocol’s incentives is expected to produce an asset price with lower correlation to Bitcoin than other digital assets.

Jean-Louis van der Velde, CEO at Bitfinex, stated 

“The Ampleforth project is fascinating to us with its refreshing vision to become a unique digital asset and serve as a potential future reserve currency. We believe it can provide a unique volatility profile, uncorrelated to other digital and traditional assets. This uncharted territory makes Ampleforth, and the team behind it, the perfect first project to list on Tokinex and we are excited to provide an opportunity for the community to be a part of it.”

Paul Veradittakit of Pantera Capital said,

“Ampleforth is interesting because there’s not another asset like it, so it will likely not be correlated with other large-cap cryptocurrencies. With more traders and enthusiasts entering the ecosystem since the last rise, there needs to be an option like AMPLs, which could reduce the risk for the entire space, and potentially attract more institutional interest.”

About Ampleforth

Ampleforth is a digital asset protocol for smart commodity-money funded by Brian Armstrong, True Ventures, Pantera Capital, and Slow Ventures. For more information, please visit our website.

About Tokinex

Launched in May 2019, Tokinex is the IEO platform of Bitfinex and Ethfinex that brings fair opportunity to participate in curated token projects. It gives qualified participants the chance to contribute to pre-vetted token sales directly from their personal wallet through common crypto assets, and with no personal data or funds held by the exchange.

Tokinex uniquely does not require tokens to pay an upfront fee for listing and following a successful capital raise are subsequently listed on the two exchanges as permitted by applicable law.

For further information please contact.

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