Solv Protocol to Launch 'Solv Vouchers' MainNet on June 17
Jun 17, 2021
SINGAPORE - June 16, 2021 - (Newswire.com)
Solv Protocol, a pioneering project in the space of DeFi and financial NFTs, is officially launching its Solv Vouchers for the creation, buying, and selling of allocations from projects all over the cryptoverse. On the 17th of June, Solv Protocol will officially launch its MainNet for allocations in the form of "Solv Vouchers," a semi-fungible asset made from their own vNFT token standard. Initial projects to list allocations as Solv Vouchers will include DODO, Bounce Finance, Parsiq, Saffron Finance, NAOS Finance and others. Users can go directly to solv.finance and find the available Solv Vouchers for sale under the "Market" tab.
Since raising a private round of financing from industry-leading funds including Axia8 Ventures, Spartan Group, IOSG, Hashed, Krypital Group, GBV, and Maple Leaf Capital, Solv has been building the first-ever public allocation market outside of CoinList through its vNFT token standard, which sits between the ERC-20 and ERC-721 standards as a semi-fungible asset, allowing it to be combined or split while keeping non-fungible information within the asset.
Users can claim their Solv Vouchers directly from the Solv website. Solv Vouchers can be configured to be disbursed allocations in three different release schedules: "Linear", where the allocation gets released based on block height; "Staged," where the allocation gets released based on predetermined stages; and "One-Time," which is the natural release schedule on a final maturation date. Regardless of which release schedule the Solv Vouchers are set to; users can split them or combine them with other assets into bundled goods since the properties of the vNFT tokens are semi-fungible.
This will truly unlock the world of allocations, and with it, another layer in the ever-changing landscape of DeFi. Since the Solv Vouchers are minted as vNFT tokens, they carry characteristics from the ERC-721 tokens currently mostly used as NFTs. This means that any Solv Voucher can be bought or sold on any NFT platform like OpenSea or be used as collateral where NFTs are accepted like on NFTfy.
For more information, please contact [email protected] for more details.
About Solv Protocol
Solv is a pioneer in the world of Financial NFTs and DeFi. It does this by having designed and created a new ERC token standard known as a versatile non-fungible token (vNFT) that is both flexible enough like the ERC-20, but also non-fungible like the ERC-721, making it a semi-fungible asset. The first vNFT token product was created in the form of a Solv Voucher, designed to be used in the form of allocations to grant broader access to private sales while generating much-needed liquidity for projects or investors.
Press Release Service by Newswire.com
Original Source: Solv Protocol to Launch 'Solv Vouchers' MainNet on June 17
More News
Data centre giant apologises to Melbourne residents, vows to get power to site
NextDC boss Craig Scroggie said he was sorry residents felt they had been left behind by his plans to build a major AI data centre in West Footscray.
Australian shares shake off early slump to creep higher
Australia’s sharemarket has ended the day higher after strong performances from mining and energy stocks helped counterbalance broader weakness.
Critica targets gallium, scandium bonus at WA rare earths giant
Critica Ltd has achieved high gallium and scandium extractions at its Jupiter rare earths project, unlocking potential value not yet included in its $2B scoping study.
TMK smashes Mongolian gas record as 30-year licence beckons
TMK Energy has lifted gas output 11 per cent to a monthly record in Mongolia, as acceptance of its gas discovery declaration opens a path to a 30-year production licence.
Dalaroo eyes bigger gold prize after fresh African hits
Dalaroo Metals has nailed a 13m zone grading 2.67g/t gold, 1.25km along strike from its recent high-grade discovery in West Africa, opening up a possible new mineralised system.
Business class beef over seats goes viral
Described as being like a “suit with a sneaker”, the new Singapore Airlines’ seat has garnered a frosty public reception.
Forrestania high-grade gold hits fuel 35% WA resource surge
Forrestania Resources has upgraded its WA British Hill gold resource by 35% to 286,00oz after hitting 16m at 5.77g/t, while signing a separate 750,000-tonne ore purchase deal.
Beetaloo locks in key licence for NT gas giant
Beetaloo Energy has locked in a critical Retention Licence over its Carpentaria gas discovery, securing tenure as it advances its NT pilot project towards first gas sales.
Wall Street’s $4.7 trillion meltdown may have a silver lining
The “blue tsunami” that hit Donald Trump sent shockwaves through Wall Street. But there may be a bright side to the sharemarket turmoil.
ANZ profit surges to $7.6b despite late home loan repayments rising
ANZ’s bottom line benefited from cost-cutting while its asset quality remained relatively stable.
David Jones is restocking shelves ahead of Black Friday as buyers circle
Last week’s news that the 188-year-old retailer had tipped into administration drove a “record” levels of shoppers to David Jones stores.
Why younger home buyers risk being locked in mortgage prison
There’s a generational gap between those who can switch banks to get a better home-loan deal, and those who cannot.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.