We are thrilled to announce our last partnership with Itheum — one of the most promising projects on the Elrond ecosystem with the goal to empower data ownership in the Web3 and Metaverse ecosystem and create new market value for your data.
What is Itheum?
Itheum is one of the most successful projects launched on Maiar Launchpad with impressive results. Itheum is providing a “decentralized data brokerage technology” — it’s a suite of tools that enables high-value data to be bridged from web2 to web3 and then be traded via peer-to-peer sales. It allows for “viral adoption” via our creative “Data NFTs” (provide “inner value” to NFTs and enable royalties / limited supply) and “NFMe ID” technology (a living Metaverse avatar representation of you — wrapped as an NFT and backed by personal data) and our innovative Data Coalition DAOs (which bulk trades your data). It also aims to be fully privacy-preserving, regulation-friendly, and cross-chain, making it the most comprehensive core blockchain data infrastructure available in the market, with use cases in both the enterprise and retail space.
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Partnership Details
AshSwap is currently in the launchpad public sale phase, where participating members can win tokens on the Maiar launchpad. This is a fascinating and pivotal moment for the project.
Users who own $ASH tokens can enhance their liquidity by depositing assets in any pairs to earn transaction fees or stake LP tokens to earn and receive transaction fees.
One of the most exciting aspects of this partnership is the introduction of the Web3 Defi Passport. This passport will allow users worldwide to truly own and trade their financial data.
Users will be able to mint their NFMe ID, a “soulbound” and customizable personal data-backed avatar linked to the user’s identity that forms the basis of the Defi Passport. Therefore, all data generated as part of the financial aspects of the user will be connected to their own NFMe ID, which opens the gate for consented, governance-driven sharing of this valuable data, as well as opening other exciting aspects, such as tiered access to Defi features, based on Web3 Reputation Score, akin to traditional Web2 credibility scoring systems (like credit scores). Furthermore, users will be able to add reputation to their identity based on their contribution to the AshSwap ecosystem, unlocking new integrations and access to other verticals connected to Defi.
Additionally, there is the remarkable potential to enable personalized “DeFi experiences’’ such as uncollateralized loans or customized DeFi products personalized to a user’s reputation and credibility. Once a user connects their NFMe ID Avatar to the DeFi DApp, this will clearly show that the user is real and not a “bot” through having this real digital identity and reputation, made possible by our technology. Therefore, users will be able to connect to Defi platforms using their Web3 Defi Passport to unlock a personalized experience and various benefits which have previously been inaccessible in the Web3 DeFi world.
About AshSwap
AshSwap is the first decentralized exchange built on the Elrond blockchain that allows users to trade between stable assets with high volume and small slippage. As Elrond grows to become the infrastructure of DeFi, more types of stablecoins will flow in, and users will need a place to swap them.
