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Press release
Press release. ShuttleOne is the latest project to adopt Tezos and will soon promote adoption and liquidity, while solving the problem of blockchain fragmentation.
Singapore: Tezos is a highly scalable and self-amending blockchain protocol for proof-of-stakes. It is opening its arms to ShuttleOne, a Metachain solution designed to solve the fragmentation problem of the encryption industry. ShuttleOne’s adopting Tezos logo is the upcoming launch of its native $SZO token on Tezos through the Instaraise IDO platform.
ShuttleOne is a financial application operating system based on blockchain, providing innovative products for the DeFi field. As part of its ambitious project to create a unified interface for dApp and Web3.0 applications so that they can run on multiple blockchain protocols, ShuttleOne created Metachain.
Blockchain interoperability becomes a reality
ShuttleOne Metachain is a multi-chain aggregator in which users can create blockchain-based applications on a single interface and run on any supported blockchain without requiring protocol-specific modifications to the product. Instead, they can use a single API to connect their applications to many blockchains to create truly interoperable dApps. ShuttleOne uses artificial intelligence to prioritize transactions between dApps and the best-performing blockchain network based on requirements for security, transaction costs, speed, and decentralization. Metachain Bridge promotes mutual compatibility between different blockchains. Metachain Bridge is a decentralized multi-blockchain two-way bridge, as well as ShuttleOne’s native $SZO utility and insurance token.
Currently, ShuttleOne chooses to run on three different networks, Ethereum, Binance Smart Chain and Tezos Blockchain. The early inclusion of Tezos into one of the blockchains supported by Metachain, coupled with the introduction of $SZO on Tezos, made it easy for hundreds of DeFi and NFT projects currently restricted by the Ethereum network to access the protocol. It will also help Tezos-based solutions adopt Metachain to cater to a wider audience. ShuttleOne is preparing to launch the first two-way blockchain bridge that connects Ethereum, Tezos and Binance smart chain networks.
Metachain adds more liquidity to the Tezos ecosystem
Tezos is known for its scalability, low transaction fees, high security standards, and self-correcting features, which makes it easy to upgrade without forks or network interruptions. All these factors make it one of the most popular blockchain protocols for dApp and Web3.0 applications. As more and more projects look for ways to take advantage of Tezos, so far, issues of mutual compatibility and popularity of Tezos-based assets in the crypto community have hindered them. With the Metachain bridge, they can put aside their concerns and start using the Tezos ecosystem without having to repeat their current work by creating a Tezos compatible version of their existing application.
Whenever the Metachain dApp uses the Tezos network, it will be responsible for paying the necessary transaction fees, which will be paid in $SZO and settled by ShuttleOne as the native Tezos token. As the adoption rate of the Tezos protocol will inevitably increase, it is expected that cross-chain liquidity will also increase in the next few days.In addition to transaction fees, the Metachain bridge also supports the transfer of assets from one blockchain to another, enabling Tezos-based DeFi projects to bridge stablecoins, such as USDT, USDC, DAI, etc. to further enhance the liquidity on the Tezos chain.
“Metachain seeks to help unify the Defi ecosystem. The current TVL is $245b (see defillama.com) and has a fully interoperable platform. Users can seamlessly cross different DeFi through a single settlement token on the Tezos blockchain Bridge to transfer their digital assets for lending/transaction and reduce the high gas costs associated with transferring assets across chains. TZ APAC hopes to support Tezos’ blockchain-based solutions that can help create a more inclusive crypto market A sustainable and sustainable financial system.”-TZ APAC
ShuttleOne’s $SZO IDO on Instaraise
ShuttleOne has partnered with Instaraise, which is Tezos’ first decentralized fundraising and incubation agreement to launch its $SZO token product. $SZO IDO will go online at 12 PM (UTC) on December 12, 2021. The 24-hour token issuance is divided into two rounds, each 12-hour round will provide participants with a total of $200,000 in SZO.
For more information about the $SZO token product on Instaraise, please visit – https://medium.com/instaraise-official/shuttleone-szo-token-offering-on-instaraise-7b8aee1ac734
About ShuttleOne
ShuttleOne is a decentralized financial solution protocol that uses the combination of artificial intelligence and blockchain technology to solve the fragmentation problems that currently plague the DeFi industry. It provides a unified, multi-chain compatible platform for the development of DeFi and Web 3.0 applications.
Connect with ShuttleOne
website: https://shuttleone.network/2021/#/home
Twitter: https://twitter.com/shuttle_one
telegraph: https://t.me/shuttleone
Moderate: https://medium.com/shuttleone
About Instaraise
Instaraise is a completely decentralized fundraising and incubation platform on the Tezos ecosystem. The platform aims to empower projects by establishing a strong foundation and fundraising capabilities, while providing influential marketing consulting, community development and ecosystem development assistance.
Learn more about Instaraise at: https://instaraise.io
Join the Instaraise community: https://t/me/instaraise
Follow the latest announcement: https://t.me/instaraise_ann
Follow Instaraise on Twitter: https://twitter.com/instaraise
Read more about Instaraise on Medium: https://medium.com/instaraise-official
About Tezos
Tezos is a smart currency that redefines the meaning of holding and exchanging value in a digitally connected world. Tezos is a self-upgradable and energy-efficient blockchain with a good track record that can seamlessly adopt tomorrow’s innovations without disrupting today’s network.For more information, please visit tezos.com.
About TZ APAC
TZ APAC is one of the leading adopting entities supporting the Tezos ecosystem in Asia. It uses a bottom-up approach to design value-added blockchain transformation strategies for businesses and creators, while working closely with blockchain experts and other stakeholders in the Tezos ecosystem.
TZ APAC is supported by the Tezos Foundation and is headquartered in Singapore.
Media contact
Name: Tan Ruan
Position: Marketing Director
Contact information: [email protected]
This is a press release. Readers should conduct their own due diligence before taking any action related to the advertised company or any of its affiliates or services. Bitcoin.com is not responsible for any damage or loss caused or claimed to be caused by the use or reliance on any content, goods or services mentioned in the press release.
Image Source: Shutterstock, Pixabay, Wikimedia Commons
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