Vanilla Network
Vanilla Network
Founded in August 2020 by an array of professionals ranging from finance, marketing and computer programming, the Vanilla Network is a deflationary ERC-20 token. A staking platform will govern the heart of the ecosystem.
What is the Vanilla Network?
The Vanilla Network relies on fundamental economics to produce an equilibrium price, being demand and supply. This is where the Vanilla Network differ from other platforms; the focus is on generating demand whilst the supply will continue to burn on a transactional basis. The Vanilla Network will be releasing on a periodic basis revolutionary staking and betting dApps that can be used and will appeal to all therefore, generating consumer demand.
At the heart of this is the “community fund” also known as the DAO, decentralized autonomous organization in computer programming. This fund will self-cycle, being funded and replenished by wins and losses in the betting dApps. This is much like the ‘house’ in a casino however; all of these funds belong to the community and not the owners of the casino.
Ultimately, the aim being to decentralize the betting exchange platform. There should be no losers, all margins are returned to holders of the Vanilla token if they continue to stake.
What betting dApps will be ‘Revolutionary’?
The Vanilla Option staking pool is simple to understand but extremely effective. All stakeholders in this option will routinely receive rewards based on transactions in the ecosystem. This equates to a huge 2.5% per transaction (the token burns at 5% per transaction, meaning 50% is returned to stakeholders with 2.5% of supply burned from the entire ecosystem).
In order to generate transactional demand, will be the following betting dApps.
Head to Head bets. Community members can initiate a specific event (such as LA Lakers vs. Miami Heat, in the NBA) which will generate a smart contract to allow participants to choose a particular outcome. Based on the level engagement the odds will auto generate. The winner will then be approved, and receive tokens in line with the final outcome.
Double of nothing rewards. Never done before in the Blockchain, this will allow users to attempt to double their rewards by using randomization on the Blockchain. A user does not have to participate in this option, but free tokens making more free tokens is an opportunity that does not come by on a daily basis.
Blackjack, community poker, lotto and many more! The Vanilla Network will continue to build and bring these crowd pleasers to the Blockchain.
What are the token economics?
Max Supply: 1,000,000 burns to 100,000 VANILLA Burn per transaction : 5% Rewards per transaction returned to stakeholders: 2.5%
Where to Buy?
Currently the Vanilla Network token is available to buy on Uniswap and the WhiteBit exchange. Many more exchanges are expected to come as the ecosystem continues to evolve.
Vanilla Network
Founded in August 2020 by an array of professionals ranging from finance, marketing and computer programming, the Vanilla Network is a deflationary ERC-20 token. A staking platform will govern the heart of the ecosystem.
Opium
Opium is a new platform for launching and trading cryptocurrency derivatives.
What Is Opium (OPIUM)?
Having begun operations in May 2020, Opium uses Ethereum to run a decentralized derivatives marketplace in which any cryptocurrency owner can participate.
The aim of the platform is to democratize access to financial derivatives while using the benefits that decentralization affords traders over legacy alternatives.
Opium’s in-house token, OPIUM, launched in January 2021 and will fulfil various roles mostly centered around platform governance. Active users will be able to vote on some of the most important decisions involved in the platform’s operations.
Who Are the Founders of Opium?
Opium has a team involved in the creation of decentralized finance (DeFi) tools since 2017. These include three products built on top of the Opium protocol.
The platform’s CEO and co-founder is Andrey Belyakov. A member of the Chartered Financial Analyst (CFA) Institute, Belyakov’s experience lies in the professional derivative trading and fund management sectors, in which he has over 20 years’ experience with assets under management portfolios of €20 million and over. He has been involved in the cryptocurrency sector since 2015.
Arjan van der Kooij, Opium’s second co-founder, is a Dutch entrepreneur and private investor with a focus in IT and technology startups.
What Makes Opium Unique?
Opium in its official whitepaper states that it aims to become the “Bloomberg of decentralized derivatives.”
Built on the Ethereum network, its platform allows anyone with a wallet to begin trading crypto derivatives and build and launch associated contracts.
Begun before the DeFi movement appeared, a longer-term strategy has always been to attract traders away from traditional derivatives platforms. When the first Bitcoin (BTC) derivatives launched in the form of futures in late 2017, the floodgates were opened, but it took a long time for genuine interest to soar and for derivatives to become part of the cryptocurrency landscape. Opium intends to speed up the process by democratizing entry.
Trades on the Opium platform attract an optional derivative fee, which if implemented sees 90% go to the creator and 10% retained by Opium.
Future plans include the launch of a V2 exchange, as well as so-called Layer 2 functionality which will decrease the likelihood of users facing losses when Ethereum gas fees become overly high.
Related Pages:
Read more about Uniswap (UNI) here.
Read more about Aave (AAVE) here.
Learn more about crypto derivatives markets here with Alexandria, CoinMarketCap’s dedicated education resource.
How Many Opium (OPIUM) Coins Are There in Circulation?
The in-house token of Opium is OPIUM. Built as an ERC-20 token on Ethereum, OPIUM will be released according to a specific roadmap after launch.
Out of a total supply of 100 million, 60% of the tokens will go towards an active users fund, with users themselves deciding how many tokens will be available for release at set intervals. Users will also decide on what level of engagement constitutes being “active.”
Another 16% of the supply will go towards investors and advisors with a broad two-year vesting schedule.
The remaining 24% will be split — 14% will go to the Opium team, while 10% will form a so-called Governance Reserve Fund, once again under the control of users via decentralized autonomous organization (DAO).
How Is the Opium Network Secured?
Opium completed a professional independent audit of its operations using SmartDec, the results of which are publicly available online.
SmartDec offers a disclaimer that a single audit is not enough to be entirely certain of the security Opium’s code.
For everyday users, standard risks include those involved with derivatives more broadly. Without due diligence and a suitable strategy, it is possible to lose large amounts of money very quickly during times of market volatility.
CoinMarketCap has a dedicated introduction to crypto derivatives which offers more information.
Where Can You Buy Opium (OPIUM)?
OPIUM is not yet freely tradeable as of the time of writing this page (January 2021), as distribution has only just started. As of Jan. 28, 2021, OPIUM is available on Zerion. This situation will soon change and the information will be updated as the token becomes supported by more exchanges.