Join Our Mailing List
Sunday April 02, 2023
Bitcoin (BTC) $27,885.47   Ethereum (ETH) $1,774.26
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

Decentraland partners with imToken, Connext, and Bitcoin Suisse

Published by CryptoNinjas.net
08/17/2017

Decentraland, a distributed platform for a shared virtual reality world in which participants navigate, discover, and interact with others, has announced three strategic partnerships ahead of the token launch for ERC-20 token MANA, commencing today on August 17, 2017, and capped at $25 million USD.

  • Leading Chinese wallet imToken by ConsenLabs will offer Decentraland tokens for direct purchase via its app while also allowing users to join the virtual world on mobile devices.
  • Connext will enable supporters to purchase Decentraland tokens by credit card.
  • Regulated financial service provider Bitcoin Suisse AG will offer KYC/AML services and a discount to purchasers.

In a related announcement, Decentraland has added Xiaolai Li, Founder of blockchain-focussed venture capital company INBlockchain Inc, to its Board of Advisors.

Decentraland’s partnership with Bitcoin Suisse AG, a regulated financial service provider specializing in the decentralized financial markets and in crypto-assets, involves the company being entrusted with and ensuring allocation of MANA tokens equivalent to $3,000,000 USD. Tokens allocated through Bitcoin Suisse will have a 40% discount included in the allocation rate of 24 USD/1000 MANA. These tokens will be offered and distributed to the public through Bitcoin Suisse AG on a first-come-first-serve basis.

Ariel Meilich, Project Lead at Decentraland

Decentraland Project Lead Ari Meilich said:

“Decentraland is proud to partner with industry leaders imToken, Bitcoin Suisse, and Connext ahead of our highly-anticipated token launch. With strong global demand for our MANA tokens, Decentraland is confident that these partnerships will give our supporters easier access to participate in the token launch and more convenient trading along with enhanced services.”

“Decentraland has seen great interest from Chinese supporters and we are delighted that our partnership with imToken, the first Chinese Ethereum-based wallet, will enable them to safely participate via their PC, Mac, Android, and iOS devices. The partnership will also support Decentraland’s expansion into more markets due to the global popularity of the imToken wallet.”

“We are focused on increasing accessibility to Decentraland’s virtual world and providing users with the best experiences possible. By avoiding the high friction associated with buying cryptocurrencies, Connext will help Decentraland better reach a wider audience that is unfamiliar with the cryptocurrency industry.”

Decentraland’s new partnership with leading Chinese mobile Ethereum wallet imToken will let imToken users safely participate in the Decentraland token launch directly through the ICO Pro DApp in the digital wallet. As one of the few mobile wallets compatible with Ethereum-based ICO tokens, imToken users can view the progress of the Decentraland ICO, including funds raised, amount of MANA tokens issued, and the number of contributors.

Following the token launch, Decentraland will be fully integrated as a DApp within imToken, letting supporters purchase MANA tokens via the wallet’s easy-to-use interface as well as store and trade their newly-purchased MANA tokens in the assets tab of their wallet.

In addition, imToken users will be able to access and engage in the Decentraland virtual world on their mobile devices, utilizing the DApp to create, experience, and monetize content and applications on the Decentraland platform.

Through Decentraland’s partnership with Connext, MANA tokens will be available to purchase with credit cards. Connext will process credit card transactions and issue MANA tokens directly to users via a smart contract, helping to protect against fraud and charge reversal.

Developers can build and monetize applications on the Decentraland platform and use MANA to buy LAND and other in-world goods and services. The value of LAND is based on its proximity to high-traffic hubs, and its ability to host in-demand applications. Decentraland has partnered with district0x, a collective of decentralized marketplaces and communities, to give users the ability to trade land in the secondary market. Although unclaimed LAND can be purchased at the same exchange rate (1,000 MANA = 1 LAND), differences in positions and traffic could potentially see LAND parcels trade at different prices on a secondary market.

Funds raised in the token launch will be distributed as follows: 50% will be reserved for development, 20% for research, 15% for marketing and community development, 10% for operations and business development, and the remaining 5% for legal costs. A Continuous Issuance stage will follow the conclusion of the token launch event, allowing a decreasing percentage of the initial supply of MANA to be bought from the smart contract each year, with limited supply over time. Decentraland intends to protect the token from inflation by making users burn MANA to claim LAND.

Further, Decentraland as noted above, has added INBlockchain Inc Founder and industry leader Xiaolai Li to its Board of Advisors. INBlockchain Inc is China’s premiere blockchain venture firm offering consultation on blockchain adoption, integration, technology, law, and software development. Xiaolai is also the Co-founder of Yunbi, one of the top five largest cryptocurrency exchanges, and Press.One, a decentralized publishing platform. Prior to INBlockchain Inc, Xiaolai was also an early investor in EOS, Sia, and ZCash.

Decentraland’s Board of Advisors also includes some of the industries’ most respected figures including Project Lead of Aragon Luis Cuende, Founder of CoinFund Jake Brukhman, and The Web Electric Corp Founder Diego Doval.

Ari Meilich further said:

“Decentraland has seen a strong demand from the global community for participation in its token launch and virtual world. Our partnerships with industry leaders like imToken, Connext, Bitcoin Suisse, Aragon, and Zeppelin Solutions have positioned us firmly in the lead to becoming the first fully decentralized virtual economy that revolutionizes the gaming industry.”

Supporters can participate in the token launch which begins on block 4170700 roughly August 17, 5:00 PM PST / 8:00 PM EST in the US, August 18, 1:00 AM in the UK, and August 18, 8:00 AM in China.

Ari has recently published a short essay regarding the SEC’s announcement on ICOs as potential regulated financial securities.

25
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto lending aggregator FujiDAO integrates Connext Bridge to expand cross-chain functions

08/01/2022
Crypto lending aggregator FujiDAO integrates Connext Bridge to expand cross-chain functions

FujiDAO, a loan aggregator platform that identifies the best rates on multiple blockchain protocols, announced today it has expanded its capabilities across chains thanks to its integration with Connext. With Connext, developers have access...

Read more

Crypto provider Bitcoin Suisse picks Atfinity to enhance AML/KYC setup

03/24/2022
Crypto provider Bitcoin Suisse picks Atfinity to enhance AML/KYC setup

Bitcoin Suisse, a Swiss crypto-finance and technology provider, announced today that it partnered with software company Atfinity to further enhance its AML (anti-money laundering) processes and streamline its KYC (know your customer) set-up. Atfinity...

Read more

L2 protocols Connext and Nomad introduce new modular blockchain interoperability stack

01/24/2022
L2 protocols Connext and Nomad introduce new modular blockchain interoperability stack

Connext, a level-2 interoperability protocol for Ethereum, today announced that it has formed a new partnership with Nomad, an interoperability protocol without header verification, to accelerate the adoption of trustless, fully generalized cross-chain communication....

Read more

Crypto services platform Bitcoin Suisse integrates Bitcoin Lightning technology

11/10/2021
Crypto services platform Bitcoin Suisse integrates Bitcoin Lightning technology

Bitcoin Suisse, a Switzerland-based crypto-financial services company, is today announced the availability of Bitcoin Lightning technology for its crypto payment solution. The introduction of the second-layer Bitcoin solution will offer instant transactions at lower...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
$45M Gone in a Flash Loan Attack: How Scammers Exploited Vulnerabilities in Pancake Bunny's Smart Contract Code

$45M Gone in a Flash Loan Attack: How Scammers Exploited Vulnerabilities in Pancake Bunny’s Smart Contract Code

05/20/2021

HitBTC adds BitcoinCash futures before the hard fork

07/29/2017
Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

10/22/2018
Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

Nomura’s Laser Digital invests in Infinity, an Ethereum-based money market protocol

02/15/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy