RadioShacks Epic Return Aims To Connect Older Generations To DeFi

American retailer RadioShack is shifting its focus from electronics to crypto, claiming that it will be able to bridge the gap with older generations and bring blockchain technology closer to mass adoption.

“It is our hypothesis that the best way for crypto to be more mainstream is for an established brand name in the tech space to lead the way,” RadioShack writes in its proposal.

“The older generation simply doesn’t trust the new-fangled ideas of the Bitcoin youth,” it adds.

The 100-year old franchise recently laid out its plans, announcing the launch of a RADIO token as part of RadioShack DeFi (decentralized finance). Decentralized finance describes blockchain-based protocols that allow people to exchange funds without the need for an intermediary, like a bank.

RadioShack’s DeFi plans will help users trade tokens with each other without having to go through a traditional broker. The project is made possible through the Atlas USV (short for Universal Store of Value) protocol, which allows other applications to be built on it. 

RadioShack filed for bankruptcy in 2015 and again in 2017. The legacy retailer was bought by Retail Ecommerce Ventures in 2020, run by Alex Mehr and Tai Lopez, who are also the minds behind Atlas USV. Retail Ecommerce Ventures has a holding company portfolio of a number of established-but-struggling retailers, including Pier 1 Imports, Steinmart, and Dressbarn. 

 ”RadioShack has one objective: Distribution and usage by millions of individuals but possibly more important, by hundreds of blue-chip, large corporations as their gateway into becoming blockchain companies,” the company writes.

RadioShack goes on to say that the crypto industry has thus far missed the mark by focusing on “speculation and not enough on making the ‘old-school’ customer feel comfortable.” It notes that there is a “real generational gap” between the average crypto user and a corporate CEO.

“This demographic difference creates a substantial psychological barrier to crypto adoption,” the company says.

While it’s unclear when the RADIO token plans to launch, you can sign up for the waitlist via the company’s website. ”RadioShack, and RadioShack alone, can bridge the gap and ‘cross the chasm’ of mainstream usage for cryptocurrency,” the company claims. 

Article Via Rosie Perper @ Hypebeast.com

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Crypto Explained: The Entrepreneur’s Guide To Succeeding In The New World Of Cryptocurrency

Decentralized finance (commonly referred to as DeFi) is a blockchain- based form of finance that does not rely on central financial intermediaries such as brokerages or banks to offer traditional financial instruments. LEARN MORE WITH THIS E-BOOK

Instead, it utilizes smart contracts on blockchains, the most common being Ethereum.

With this report you will learn how to utilize this new technology in your business.

Topics Covered:

  • DeFi Explained
  • The Rise of DeFi
  • DeFi’s Top Applications
  • The True Power of DeFi
  • The Downsides to DeFi
  • The Future of DeFi

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Ethereum Crypto NetworkSplits Into Two Chains

The world’s second-largest cryptocurrency network, in terms of market capitalization, Ethereum, saw a chain split as a software bug affected a large quantity of full node clients. In mid-August, developers discovered a vulnerability and distributed an update called “Hades Gamma” to resolve the problem. However, a large number of full node clients did not leverage the patch and the network forked.

A bug on the Ethereum blockchain’s most popular software client, Geth, has created a fork in the network. This means that the Ethereum blockchain is currently processing two chains simultaneously, which—if unresolved—could potentially cause a double-spend attack.

A double-spend attack means that the same cryptocurrency is spent twice, essentially turning a cryptocurrency into a counterfeit, inflating the asset and lowering its value. 

The bug in question is only present in older versions of the client, or those that came before the Geth v1.10.8 update. The update is also called “Hades Gamma.”

Ethereum developers previously disclosed this bug on August 18.

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RastaCake Decentralized Exchange Is Leading The CryptoCannabis Revolution

RastaCake has been developed to be the #1 AMM Decentralized Exchange for Tokenized Cannabis stocks, and a bridge between the traditional stock market and crypto market, making it easier to invest in cannabis stocks and assets placed in different countries at the same time from anywhere in the world.

What Are Tokenized Stocks?

Tokenized stocks are tokenized derivatives that represent traditional securities, particularly shares in publicly listed companies traded on regulated exchanges such as Scotts Miracle-Gro, Curaleaf, Aurora, Apple, Tesla and others.

The key benefits of tokenized stocks include fractional ownership of traditional securities, 24/7 access to markets, and greater liquidity to name a few. These digital assets are backed 1:1 by traditional stocks, entitling holders to the same economic benefits of owning the underlying stock.

What is AMM?

AMMs systems took off after they were first implemented by Shearson Lehman Brothers and ATD in the early 1990s.

In crypto, AMM is being used for the most important existing decentralized exchanges like Uniswap and PancakeSwap and it allows digital assets to be traded in a permissionless and automatic way, by using liquidity pools rather than a traditional market of buyers and sellers. Prices are determined by a constant mathematical formula.

Liquidity pools can be optimized for different purposes and are proving to be an important instrument in the DeFi ecosystem

RastaCake it’s a AMM Decentralized Exchange community owned, which means that all liquidity pools are managed and owned by the community sharing the profit from all transactions on the exchange.

Earn Passive Income

RastaCake is a community owned and driven project. All Profit-sharing from all liquidity pools and transactions fees on the exchange are distributed to $RCAKE holders, everyday at 4:20 PM in form of $ETH or $RKACE automatically deposited to your wallet . The tech behind this project will be managing the pools and farms so users can sit back, relax, and receive their profits automatically deposited in their Wallet.

A Secure Platform To Trade And Launch 4:20 Friendly Tokens

Their goal is to create a platform where any cannabis initiative can receive funds with RastaCake. This can include startup projects or already established cannabis businesses. They will be able to issue tokens backed in real stocks or assets.

$RCAKE Token Details

$RCAKE is the governance token of the RastaCake project and it’s mandatory to participate on voting and funding. When a new token is offered on market, having $RCAKE will be necessary in order to participate and the $RCAKE used will be burned to reduce the token supply.

Join The CryptoCannabis Revolution Today!

Article Sourced By EarthyRealist.com Via RastaCake


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TikTok Partners With Audius And Decentralized Token Surges to $1B Market Cap

Audius has successfully secured its partnership with TikTok to stream music via the platform and be used for videos, being a massive win for the company. The decentralized music service has also grown its token to as much as $1 billion in market cap, giving it a massive high for this week. 

The decentralized music streaming service is one of the pioneers of this kind of music distribution, having indie and upcoming artists get featured in the app. The company has based itself on tokens or cryptocurrency, which is what most startups are going now, being popular with NFT games and the like.

Audius and TikTok

Audius and TikTok secures deal for a decentralized music service known as “TikTok Sounds,” bringing the market cap of the company to $1 billion.

Rolling Stone has received a statement from Audius executives that it has already secured its partnership with TikTok, the popular short video sharing application, for its music sources.

Audius is the first service to have a partnership with TikTok, and it is something which is a massive thing for users and the business as it did not partner with the likes of Spotify, YouTube Music, and Apple Music.

The startup coin’s music streaming would be labeled as “TikTok Sounds” in the platform and would be called that way when users search for it when editing their videos. TikTok would have a hand with gathering music and having its licenses granted to them for use in the short video platform, as users edit their content.

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Article Source: Tech Times


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