Following the official launch of the Nationwide Relayer Marketing campaign in Korea in March 2019, the MakerDAO Korean neighborhood labored carefully with its companions together with VANTA to drive consciousness and adoption of Dai.
The newest initiative includes partnering with VANTA and HYCON (Glosfer) to collaborate on authorities initiatives for switching South Korean cities’ native currencies into cryptocurrencies.
A number of Korean cities have their very own native currencies to spice up their native economies and protect native capital. Nevertheless, cryptocurrency’s benefits similar to transparency and safety are encouraging some cities to change their native currencies into cryptocurrencies.
Glosfer, a number one blockchain expertise and providers firm in Korea, collaborated with a neighborhood South Korean authorities to create Nowon Coin, which was the primary native cryptocurrency on this planet.
VANTA Community is creating extra use case for such native cryptocurrencies:
“VANTA Community will present API, which shall be utilized by small enterprise homeowners and enterprises to simply join with their local people. Utilizing VANTA’s API will create alternatives for advertising and marketing, and a portal for sending/receiving information whereas drastically decreasing service charges.”
MakerDAO performs an essential position as service suppliers like VANTA can swap obtained native cryptocurrencies with MakerDAO’s stablecoin Dai. Subsequently, the service suppliers can cut back threat from giant volatility in worth. As well as, Dai’s world presence and utilization assist the service suppliers to show Dai into money or different use instances extra simply.
We’re enthusiastic about this new partnership, and we sit up for having extra sturdy use instances and companions in Korea!
MakerDAO points Dai, which is the primary and largest decentralized stablecoin on the Ethereum blockchain. Regardless of the risky nature of the cryptocurrency market, Dai has efficiently maintained its peg to the US greenback.
About Glosfer (HYCON)
GLOSFER is a number one blockchain expertise and providers firm in South Korea. Constructing on its roots as a first-generation blockchain firm, GLOSFER strives to develop its actions into varied industries to bolster its attain in each home and worldwide markets, by leveraging revolutionary applied sciences and providers, together with its PHP API blockchain platform PACKUTH and its on-line and offline cryptocurrency buying and selling platforms. With its upcoming Infinity Undertaking, powered by its HYCON coin, the corporate seeks to determine and facilitate its cryptocurrency ecosystem whereas contributing to a extra clear and truthful society primarily based on blockchain expertise by way of cooperation with public establishments.
About VANTA Community
VANTA is trying to construct an clever community for real-time networking, which permits people and corporations to rapidly develop providers that may effectively transmit and course of real-time information, in addition to commercialize the providers at low value with out further infrastructure. Because of this, artistic providers shall be offered and built-in inside the VANTA ecosystem, and VANTA blockchain shall be a sensible blockchain that may tremendously contribute to enhancing the every day lives of people and operations of enterprise companies.
Be taught extra about MakerDAO:
KakaoTalk: https://open.kakao.com/o/giWg6J2 password: maker