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  • DigiThree Labs Joins Hands with LCX Exchange

    DigiThree Labs Joins Hands with LCX Exchange

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    In an effort to increase the security of users, DigiThree Labs and LCX recently announced a collaboration. Both companies have partnered to provide a formal Proof-of-Concept agreement.

    According to the details shared by LCX, the new partnership will enhance user security and will eventually play an important role in the growth of the digital asset ecosystem. Founded in 2018, LCX is a regulated platform for buying and selling of digital currencies.

    LCX highlighted the importance of a secure and efficient login procedure. The company added that it will pilot the DGMV Authenticator to secure its login procedures and safeguard passwords. LCX mentioned that the DGMV Authenticator is a highly secure authentication method based on blockchain technology.

    Monty Metger, CEO of LCX, said: “Security threats are rising, and phishing attacks are often targeting login details of users. That’s why we are excited to work with DigiCorp Labs to pilot the latest cyber security technologies and in particular the DGMV Authenticator.”

    LCX noted that the initial rollout will be in the second and third quarters of 2022. The exchange is headquartered in Vaduz with offices in Zug and New Delhi.

    Security

    With the growing popularity and user base of digital assets, exchanges have introduced several efficient methods in the past few years to increase the overall security of users in the crypto ecosystem.

    Jozua van der Deijl, CEO at DigiCorp Labs, said, “DigiCorp Labs is excited that LCX is taking user security very seriously, and we hope this sets an example for other exchanges to integrate DGMV Authenticator as an extra level of security on their platforms.”

    “With our consistent and friendly relationship with DigiCorp Labs, we are confident in the DGMV Authenticator and believe that it will digitally transform security in every industry,” the company added in the press release.

    In an effort to increase the security of users, DigiThree Labs and LCX recently announced a collaboration. Both companies have partnered to provide a formal Proof-of-Concept agreement.

    According to the details shared by LCX, the new partnership will enhance user security and will eventually play an important role in the growth of the digital asset ecosystem. Founded in 2018, LCX is a regulated platform for buying and selling of digital currencies.

    LCX highlighted the importance of a secure and efficient login procedure. The company added that it will pilot the DGMV Authenticator to secure its login procedures and safeguard passwords. LCX mentioned that the DGMV Authenticator is a highly secure authentication method based on blockchain technology.

    Monty Metger, CEO of LCX, said: “Security threats are rising, and phishing attacks are often targeting login details of users. That’s why we are excited to work with DigiCorp Labs to pilot the latest cyber security technologies and in particular the DGMV Authenticator.”

    LCX noted that the initial rollout will be in the second and third quarters of 2022. The exchange is headquartered in Vaduz with offices in Zug and New Delhi.

    Security

    With the growing popularity and user base of digital assets, exchanges have introduced several efficient methods in the past few years to increase the overall security of users in the crypto ecosystem.

    Jozua van der Deijl, CEO at DigiCorp Labs, said, “DigiCorp Labs is excited that LCX is taking user security very seriously, and we hope this sets an example for other exchanges to integrate DGMV Authenticator as an extra level of security on their platforms.”

    “With our consistent and friendly relationship with DigiCorp Labs, we are confident in the DGMV Authenticator and believe that it will digitally transform security in every industry,” the company added in the press release.

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  • SocialFi Puts Agency Back in the Hands of Users | by Bit Media Buzz | Nov, 2021

    SocialFi Puts Agency Back in the Hands of Users | by Bit Media Buzz | Nov, 2021

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    Bit Media Buzz

    There are now over 100 million wallet addresses in the world, and the number of crypto and non-fungible token (NFT) enthusiasts keeps growing every day. The crypto community has economic power, interlinking relationships and seamless communication potential, but why doesn’t it have its own social media? A truly native crypto- and NFT-dedicated social media platform with a high density of fans has not yet been born.

    For crypto markets to grow in size and participants, there needs to be increased trust. For those who aren’t crypto native, the landscape can be bewildering. There are also dangers from scammers and spammers. It’s hard to fully protect users from these bad actors, but one way is to create a venue where they can get accurate information and not get played — a dedicated public opinion forum and social media platform for crypto communities.

    Furthermore, the current model of social media is inherently extractive. The platforms take their customers’ data and sell it on, while serving them increasingly intrusive advertising. As the saying goes: Users aren’t paying for social media; they are the product. This must change, and one way is through a fusion of social and finance (SocialFi), which puts the economics back in the hands of users.

    SocialFi aims to deliver benefits and rewards to users through the financialization and tokenization of social influence. Monaco Planet is a next-generation SocialFi platform that successfully completed its first round of multi-million-dollar financing with Three Arrows Capital and IMO Ventures. It goes live on Nov. 28.

    Monaco Planet attacks the problem of spammers and scammers by requiring login through wallets such as MetaMask. Because users can showcase their NFT collections on their personal profile page, their level of engagement and dedication identifies true influencers. Users who publish and show their own activities can follow verified key opinion leaders (KOL) throughout the community. The platform can also rank users by net worth and influence of their NFTs, fostering organic connections between KOLs and users.

    By introducing the concept of write-to-earn, content creation itself serves as a form of mining. Active content creators and discussion participants on Monaco Planet continuously reap the benefits in the form of native tokens. Most native tokens will be distributed to users who generate content, creating a form of mining that is sustainable, inclusive and genuinely productive.

    A true SocialFi platform belongs to its users. And as the vast majority of Monaco Planet’s native currency will be distributed to users as rewards for content creation, Monaco Planet functions as a true decentralized autonomous organization, governed by native token holders who can send in proposals and vote. As a SocialFi platform, the ownership and governance of Monaco Planet are determined by the users themselves. Moreover, holders of native tokens will enjoy the currency appreciation brought by the platform’s growing economic activity.

    As early users of Monaco Planet’s SocialFi platform, NFT holders will be the initial beneficiaries of content mining. They will enjoy the first batch of airdrops and act as mining leads during the first month of invitation-only membership. NFT holders will have exclusive quotas and whitelists for participating in popular projects and the privilege of increased visibility of posts, broadcasting and building groups.

    Monaco Planet’s SocialFi makes it clear: Influence you can trust is now a currency that can be minted.

    You can learn more about Monaco Planet at monaconft.io, follow the project on Twitter and join the conversation on Discord.

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