Finance

The Tales Of Seedify, Storj, And Sushiswap

The Tales Of Seedify

Seedify.fund (SFUND) is a blockchain ecosystem with a community-driven seed stage fund, a decentralized incubator, and a launchpad. Storj (STORJ) is an open source cloud storage platform that uses a decentralized network of nodes to store user data.  SushiSwap is the decentralized exchange Uniswap with several new features added. It was created by forking Uniswap. Let’s take a closer look at all three now.

Seedify, Storj, Sushiswap: All You Need To Know

Seedify.fund (SFUND)

What is Seedify.fund (SFUND)?

Seedify.fund crowdfunds quality blockchain games by offering curated Initial Game Offerings (IGOs); it also helps them with community building and marketing. Seedify.fund IGOs ​​also offer its users the ability to receive tokens of blockchain games before they are listed on exchanges. 

When was Seedify.fund launched?

The CEO of Seedify.fund is Levent Cem Aydan. Aydan has 10 years of entrepreneurial experience and started to show interest in blockchain technology in 2012. Seedify.fund was launched in 2021 with the SFUND token.

What is an SFUND token?

Seedify.fund’s native token, SFUND, is a BEP20 token that gives its holders voting rights in decisions about which projects Seedify.fund will fund and the future of the platform. 

The maximum supply of SFUND running on Binance Smart Chain is 100,000,000. 9 percent of the supply is to liquidity mining programs, 10 percent to first year marketing and development spending, 16 percent to the Seedify.fund team, 50 percent to fund pool reserve, 7 percent to community rewards as part of the initial circulation offering, 6 are allocated to the first fund pool and 2 percent to the first operations pool 

How does Seedify.fund (SFUND) work?

Seedify.fund offers and oversees IGOs, supports leading blockchain games, funds projects, helps build a community of players, and creates marketing strategy. The Seedify.fund community, on the other hand, has the opportunity to receive tokens for games in development before they are listed on exchanges.

The Seedify.fund ecosystem interacts with all its mechanisms and functions as a whole. All organs of the ecosystem work in harmony with each other, supporting each other, and offer benefits to all parties in the process. The main mechanisms of Seedify.fund are as follows: Funding pool, incubator, community participation programs, community participation awards, staking, launchpad, yield farming, Seedify DAO and solution partners program. 

Seedify launchpad is a unique opportunity for blockchain gaming startups to promote their products. SFUND investors have early access to promising play-to-earn game projects. Startups give 3 percent of their total token supply to Speedify for costs and distribute a portion of the supply to SFUND holders in the form of rewards. In this way, SFUND holders both support the startup and earn a return on investment.

Storj (STORJ)

What is Storj (STORJ)?

Storj allows computers running its software to rent unused storage areas to users who want to store their files.

Who created Storj?

Storj Labs, which creates the Storj platform, was founded in 2014 by Shawn Wilkinson and John Quinn. The newest version of Storj, Storj v3, was released in 2019.

Transactions on the platform are made with STORJ coin, which is an ERC-20 token and resides on the Ethereum blockchain.

What is Storj coin?

STORJ coin is an ERC-20 based Ethereum blockchain token used for transactions in the Storj decentralized cloud system. Storj users earn STORJ coins by making the storage and bandwidth that computers do not use available to the network.

While the maximum supply of STORJ coins is unknown, at the time of this writing, the token’s total supply is 424,999,998.

How does Storj work?

Storj works with three main components. These are storage nodes, uplinks and satellites.

Storage nodes allow users to lease excess space on their hard drives and securely store and return data. Uplinks run on the client’s computer and upload files to the network. Uplinks work in coordination with peers to store and retrieve data. Satellites coordinate traffic between storage nodes and uplinks. Each user has an account on a satellite. Satellites are responsible for storing metadata, keeping the storage nodes reliable, and distributing payments.

When a user’s uplink gets permission from their satellite to store data on the network, Storj files go through a process called partitioning. This process compresses, encrypts, and splits the files to be stored into chunks and tapes. Tapes of files are then distributed and stored on the network. A private key is used to decrypt and retrieve files.

Why is Storj unique?

Storj is a decentralized storage platform that is an alternative to storage platforms from companies like Amazon or Google. What makes Storj unique, based on blockchain technology, is that there is no single company storing data at Storj. Instead, Storj relies on its software and its network of independent computers. In simpler terms, at Storj, users securely store their data in free spaces on other people’s computers, thanks to a private key.

Storj splits data into chunks and stores it across multiple nodes. This makes the platform secure. Storj also offers faster download and upload speeds than traditional cloud storage platforms.

Storj is also integrated with almost all cloud storage tools and software. These tools and software include Filezilla, Fastly, Filebase, Duplicati.

The highlight of Storj’s network design is the STORJ coin, which allows users to pay other users on the network to keep their files. Users who provide storage capacity and bandwidth to the network can also earn STORJ coins this way. STORJ coin can be exchanged for fiat currency.

To own a Storj node, the following hardware requirements must be met:

  • At least 1 processor core dedicated to node services
  • 8 TB of storage (24 TB maximum and 550 GB minimum)
  • 16+TB unmetered monthly bandwidth
  • 100 Mbps upstream bandwidth (minimum 5 Mbps)
  • 100Mbps downstream bandwidth (minimum 25Mbps)
  • 99.5% uptime per month

The software features required to have a Storj node are as follows:

  • Windows 8, Windows Server 2012 or higher
  • Debian, Fedora, or Ubuntu 64-bit versions
  • macOS Sierra 10.12 and later macOS versions are also supported.

If you meet these requirements, you can easily turn your computer into a Storj node server. To do this, you need to get the authentication token, create the node ID, configure the port forwarding, and set up the interface.

SushiSwap (SUSHI)

What is SushiSwap (SUSHI)?

While UNI is used as a token in Uniswap, Sushi Token is used in SushiSwap. At the same time, the founders of SushiSwap describe this new protocol as an evolution of Uniswap. It was founded in 2020 by Chef Nomi and 0xMaki.

What are the differences between Sushiswap and Uniswap?

  • At UniSwap, liquidity providers receive a share of the transaction fee in the pool when they actively offer such liquidity. When you trade with SushiSwap, you can continue to earn Sushi Tokens on a continuous basis after providing a certain amount of liquidity.
  • When UniSwap users withdraw their share of the pool, they will not receive the passive income from it. However, even if you decide to withdraw from liquidity in SushiSwap, you will continue to earn a certain amount of the protocol fee accumulated under Sushi.
  • The most striking stage is the fact that as the interest in the Uniswap protocol increases, the income of the first participating stakeholders decreases. In particular, the increase in the number of stakeholders investing large amounts triggers this situation. In SushiSwap, on the other hand, the first stakeholders are prioritized.

What are some features of Sushiswap?

This decentralized protocol is described as enhanced community friendliness. Unlike traditional exchanges, it is a DEX that can be liquidated by users, and each user is a market maker.

SushiSwap uses a mechanism called automated marketplace generation (AMM). Accordingly, SushiSwap users can leverage smart contracts to create and manage pools of token liquidity that they can use to exchange crypto assets.

‘Know your customer procedures’ are not applicable under the widely used SushiSwap platform. In this way, everyone can trade comfortably and contribute to the liquidity pool. However, the confirmation mechanism is not used to make transactions on the platform. Thus, a large number of users can transact more quickly and practically without confirmation. When contributing to the liquidity pool on the platform, Sushi Tokens are earned in return. In this way, it becomes possible to earn rewards while investing. According to the statements made, approximately ¼ of the Sushi Token is transferred to the users. Any user has the right to convert this token to Ethereum later.

What are the features of the Sushi token?

Sushi Token, which is extremely easy to use, can be connected to the Ethereum wallet on the home page, and thus, transactions can be made immediately. Thanks to the easy start-up process, users can easily transfer their coins to the liquidity pool. The pool to be used for this must be carefully selected. Because the annual return of each pool differs from each other.

Sushi Token, which provides rewards for liquidity mining, refunds part of the fees paid by investors for the protocol and allows users to participate in the management of the platform. Here token holders have the right to submit improvement (which is what algo affiliates do to your marketing strategy) offers.

How is SushiSwap mined?

SushiSwap is not a mineable cryptocurrency. All Sushi Token balance is issued at regular intervals.

With your SushiSwap balance, you can have a say in the SushiSwap system. SushiSwap will issue a total supply of 250 million Sushi Tokens. Currently, close to 169 million of these have been supplied.

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