Arbitrum Airdrop Confirmed!
March 18, 2023 Crypto Roundup. (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) Arbitrum
(Source: Nen Labs - Parent Company of Lasso)
Lasso is a product by Nen Labs that states that it will be the search engine for blockchain data and queries. This means that investors and traders who really want to get deep with their research and due diligence into a protocol or token will be able to call for data with a simple search instead of having to go onto a blockchain analytics platform such as Dune Analytics or Footprint and query their on-chain metrics with SQL.
After reading this myself as somewhat of a data analyst as well, I was very intrigued by this concept, hence why I wanted to bring this product to light. Currently, Lasso does not have a working product yet; however, they do provide a video demo on their Twitter page with a waitlist option to test out the product.
Lasso states that they utilize both AI technology and data aggregation in order to answer data questions related to anything from wallet data, token queries, on-chain metrics, NFT data, ranking data, and much more, from a simple search.
It seems like most of the questions asked in the demonstration video are pretty simple for blockchain queries, and I do not yet know the full capabilities of just what kinds of questions we will be able to ask Lasso to query for us, but I think this will be a very cool tool for a lot of us in the crypto space to use.
(Source: Lasso Demo Video)
This will be a great way for the majority of investors and traders to conduct protocol research and determine queries such as TVL vs. TVL over time, the number of holders for a project, NFT listings over time, transaction activity over time, and much more. What is great about this from a universal standpoint is that people do not have to know Python or SQL in order to actually query the blockchain data. I have done my fair share of work with platforms such as Dune Analytics, where we would have to actually code in SQL queries in order to find out blockchain data from EVM chains, and just seeing the demo for Lasso, I think this will be a great tool for data analysts to use under their belts as well to conduct research. It will save researchers a lot of time and even allow them to find data that is not readily available online or on other blockchain data analytic platforms.
If Lasso is able to query a lot of very advanced blockchain metrics and questions, then I will be very amazed by the product and use it in my everyday research. A lot of teams will start to use this product as well, especially if they need to query data about the industry or sector that they are going into. Let’s say, for example, that a team is debating whether to build with Optimism or Arbitrum. Well, the most simple way that the team will be able to conduct research is by doing a side-by-side comparison of the two Layer-2s and by asking Lasso the same question for each chain, such as what is the daily transaction volume on each chain, what is the TVL for each chain over time, what are the top 10 projects by volume on each chain, how many active wallets are on each chain, and so on.
Lasso will have very good potential if they are also able to make their AI query data across several different chains that are not necessarily EVM chains, meaning that the search engine will be able to pull data for the Aptos blockchain, Sui blockchain, Solana, Ontology, and much more. What the data industry in crypto lacks is a platform that is able to query any and every blockchain with the right tools and frameworks to help developers and data analysts be able to do so, and if Lasso is able to incorporate all of these blockchains and new blockchains coming out, then it will be a very powerful and popular product.
(Source: Avalanche Blog)
IntainMarkets is a blockchain platform that specializes in tokenizing securities and providing a structured credit platform that tracks asset-backed securities in real time. IntainMarkets has just launched, opening up their marketplace to facilitate the trading of tokenized securities. IntainMarket will be built as an Avalanche subnet.
IntainMarkets will be able to use the power of the AVAX blockchain while dictating their own tokenomics mechanisms and utilizing a permissioned network most suitable for individual financial institutions while adhering to specific legal regulations regarding securities and digital assets by building an Avalanche Subnet.
IntainMarkets is currently tackling an industry that is projected to grow to a $16.1 trillion valuation by the end of the decade, according to Boston Consulting Group. So far, one of Intain’s platforms, IntainADMIN, currently facilitates the administration of about $5.5 billion in assets, making Intain a proven and credible entity amongst institutions. With their latest endeavor to create a marketplace for tokenizing securities, Intain seeks to automate and unify the tasks performed by the principal players in the structured finance industry, including the issuer, verification agent, underwriter, rating agency, servicer, trustee, and investor.Rather than replacing trust intermediaries, it consolidates them onto a single platform and process.
One of the biggest problems that Intain Markets will be solving is that traditional asset issuance can be very expensive for those that are making transactions smaller than $100 million, and this is due to the fragmented processes that are involved in securitization. The ability to track the underlying assets in real time and create full transparency is created by tokenizing securities, allowing for better returns and a cost reduction of 50–100 basis points (bps), allowing for sub-$100 million transactions to be much more readily available at a lower cost.
John Wu, the president of Ava Labs, comments on the partnership with Intain Markets, stating,
The tokenization of securities is a very popular topic, as many institutions, banks, and investment firms across the world are racing to hop on the digitization trend. As more and more institutions are creating marketplaces and even issuing their own assets as tokenized digital assets, we are clearly moving into an era of finance where the fusion between Web2 and Web3 is actually bringing traditional securities onto the blockchain. By encouraging the transition into tokenizing securities and creating efficient asset issuance markets by doing so, we are creating a more transparent, low-cost, and efficient securities market that further innovates the world of traditional finance. As for the partnership with Avalanche and its Subnet technology, Avalanche and Ava Labs continue to gain credibility amongst the traditional finance world for their capabilities of supporting large institutions when it comes to onboarding them into the blockchain world.
Following the potential deployment of Uniswap V3 on the BNB Chain, let’s recap what went on last week.
Today’s continued temperature check dealt with another proposal for which bridge Uniswap V3 should use when dealing with governance between the Ethereum and BNB Chain. It seemed like Celer would be the bridge that Uniswap V3 and BNB Chain would use, however, with this new temperature check poll, deBridge, Wormhole, and LayerZero were up for options.
62.31% of the votes went to Wormhole
37.68% of the votes went to LayerZero
0.01% of the votes went to deBridge
0% of the votes went to Celer
Even with information regarding the histories behind all of these bridges, as bridge security is a huge concern for this temperature check, a large majority of the voters still chose Wormhole to be the governance bridge even after knowing that Wormhole suffered from a $325 million exploit last year, which made the Wormhole exploit the fifth largest exploit in all of crypto.
It seems like Wormhole’s backing by Jump Crypto and their ability to reimburse all of the exploited funds back to the users really helped the reputation of the Wormhole bridging, allowing them to pick up momentum again. On the other hand, it seems like this also helped Wormhole have an advantage over LayerZero as the media continues to report upon a vulnerability in the LayerZero code causing some FUD to take place for the LayerZero bridge.
At this point, it seems like we have a pretty clear picture of what we expect to see happening with Uniswap V3 when they send out an official proposal for UNI holders to vote upon the full deployment to the BNB Chain. None of these temperature checks are official, however, they are pretty good indicators of what we will potentially see, getting a good unofficial consensus on what the community wants.
March 18, 2023 Crypto Roundup. (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) Arbitrum
March 17, 2023 Crypto Roundup. (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) Could
March 14, 2023 Crypto Roundup (Disclaimer: None of the observations or tips in this article constitutes financial, legal, tax, and/or any forms of advice.) All
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14.9. These Terms are the final, complete and exclusive agreement between you and Hector Network with respect to the subject matter hereof and supersedes and merges all prior discussions, agreements or representations between you and Hector Network with respect to such subject matter.
Welcome to the Hector Network platform (“we”, “us” or “Hector Network”). Hector Network is developing an ecosystem which consists of various innovative developments and applications (“Services”). The Hector Network platform is accessible on www.hector.network and any other sites or subdomains of Hector Network (“Site”).
To provide our Services we may collect some of your data some of which may under certain circumstances be considered personal information. We at Hector Network are committed to fully protecting your privacy and being a responsible and transparent custodian of the information we collect.
Therefore, please find all the necessary information on how we may collect and process your personal data gathered in connection with your use of our Site and our Services in this Privacy Notice.
Notice: Please, read this Privacy Notice carefully and in addition to the Terms and Conditions to understand our practices regarding the information that may be considered personal. If you do not wish for your personal information to be used in the manner described herein, you should not access our Site and all subdomains thereof, utilise our Services, participate in the offering of our tokens or otherwise provide Hector Network with your information which may be considered personal.
Please ensure that any relevant individuals are made aware of this Privacy Notice prior to providing their information to us or us obtaining their information from another source. In such a case, you or they must first ensure that you or they have the authority and appropriate legal basis to do so.
We do not knowingly collect or ask for data, including personal information, from people under the age of 18. If you are such a person, please do not use our Service or send us your data. Otherwise be informed that we erase such data the moment we learn it is collected from a person under the age of 18.
The administrator of our Site, provider of the Services and thus controller of your personal information processed in connection for purposes described hereinbelow is Hector Enterprise Inc.
Registered office: Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands
We will usually respond to all legitimate enquiries within 30 days. Occasionally it may take us longer if your request is particularly complex or you have made numerous requests. We will notify you and keep you updated.
‘Personal information’ is any information that, either alone or in combination with other data, enables an individual to be directly or indirectly identified (for example, name, email address, contact details, or any unique identifier such as an internet protocol address (‘IP address’), device ID or other online identifier).
We may collect the following basic personal information from you:
You can choose how Cookies are handled by your device through your browser or through our cookie banner, including refusing or deleting all Cookies. If you choose to receive no Cookies at any time, websites may not function properly and certain services may not be provided. Each browser and device is different, so check the settings menu of the browser or device you are using to learn how to change your advertising settings and Cookie preferences.
We may receive information about you from other sources, including third parties that can lawfully share the information with us and help us update, expand, and analyse our records, prevent or detect fraud or other suspicious activities and process payments. In addition, our Site may also include integrated content or links to content provided by third parties (such as live chat, social media content, plug-ins and applications).
Please be informed that we do not process special categories of personal data (such biometric data, data concerning health, racial or ethnic origin, political opinions, etc.).
We do not use either automated decision-making or profiling in terms of your personal information you provide to us.
We may use the information gathered primarily for the following purposes:
We may also use the information we collect:
We retain the information we collect for no longer than is reasonably necessary to fulfil the above purposes and to comply with our legal obligations.
Your personal information as described above is processed by us on a basis of the following legal grounds:
Taking steps prior to entering into a contract and necessity for performance of a contract with you – We may need to collect and use your personal information in order to enter into a contract with you or to perform a contract that you have with us, for example, when you provide personal information to us in order to purchase our tokens, if necessary for such purchase.
In such a case, the provision of your data is necessary in order to enter into a contract and also a contractual requirement as without such data we are not able to enter into a contract with you.
Compliance with legal obligations – We may process your personal information as may be required by respective legal or regulatory obligations that may apply to us.
In this case, the provision of your data is a statutory requirement without which we are not able to comply with our legal obligations.
Our legitimate interests – We may use your personal information for our legitimate interests to improve our Services, thus maintain and develop our business activities as well as to protect and enforce our or third party’s rights, if necessary.
Please be informed that you have the right at any time to object to the processing of your personal information which is based on our or third party’s legitimate interest.
Your consent – We send to you direct marketing e-mails upon your previous consent. Each such e-mail also contains a link that allows you to opt-out from receiving such e-mails, update your contact information or change your preferences at any time.
To withdraw any consent to processing your personal information, please use our electronic form or by clicking on a link provided in every e-mail sent to you to unsubscribe from such marketing electronic communication.
We may disclose information:
Important note: We do not sell, rent, or otherwise share personal information that reasonably identifies you or your organisation with unaffiliated entities for their independent use except as expressly described in this Privacy Notice or with your prior separate consent. We may share information that does not reasonably identify you or your organisation as permitted by applicable law.
When you voluntarily make your personal information available online in our environment shared by third parties (for example, on messaging applications, social media, message boards, web logs, or emails), that personal information may be viewed, saved, collected, heard, used and/or shared by third parties outside of Hector Network. We are not responsible for any unauthorised third party using such information. Please be mindful whenever you share any information in such environments.
Our Site may include integrated content or links to third parties’ content (for example, social media content, plug-ins and applications, video materials, etc.) which are governed by the third parties’ privacy settings and policies, which may differ from this Privacy Notice. This Privacy Notice does not address, and we are not responsible for or able to control, the privacy, security, or other practices of such third parties.
We deploy organisational, technical and physical safeguards designed to protect the information that we collect. This includes, when required or appropriate and feasible, obtaining written assurances from third parties that may access your personal information that they will protect the information with safeguards designed to provide a level of protection equivalent to that adopted by Hector Network.
We may store the information we collect on our servers both cloud-based or in servers located in countries where we or our service providers have facilities. Therefore, we may transfer information to countries outside of your country of residence which may include countries outside the EU member states.
Please note that if you are the EU citizen and provide us with your personal information, it may then be transferred for the purposes stated herein to third countries outside the EU/EEA under conditions set in this Privacy Notice and you consent to this by using our Site or Services.
You have the right to withdraw your consent at any time, without affecting the lawfulness of processing based on consent before its withdrawal. Therefore, the marketing e-mails we send to you include the opt-out link for you to unsubscribe from receiving such communication (as well as update your contact information). We will honour your choice and without delay refrain from sending you such e-mails.
Under local law, you may have certain rights regarding processing of your personal information, in particular, you have the right to request: (i) access to your personal information, (ii) rectification or erasure of your personal information, (iii) restriction of processing concerning you, (iv) objection to processing that is based upon our legitimate interests (as already stated above), and (v) data portability to other service providers.
We are committed to working with you to obtain a fair resolution of any complaint or concern about your privacy. If, however, you believe that we have not been able to assist with your complaint or concern, you may have the right to lodge a complaint with a respective supervisory data protection authority, as applicable, in your jurisdiction.
If you would like to contact us, please use the methods stated above.
Your ability to exercise these rights will depend on a number of factors and, in some instances, we will not be able to comply with your request, for example because we have legitimate grounds for not doing so or where the right doesn’t apply to the particular information we hold on you. Where so entitled to access to your personal information, you will not have to pay a fee unless your request is clearly unfounded, repetitive or excessive (upon which we may charge a reasonable fee or refuse to comply with your request). If you would like to discuss or exercise the rights you may have, you can contact us through the methods stated above.
Please keep us informed if your personal information changes whilst we continue to retain such information. We encourage you to contact us to update or correct your information if it changes or if you believe that any information that we have collected about you is inaccurate or out of date.
We may update this Privacy Notice from time to time and we encourage you to periodically review this Privacy Notice. If we make any material changes to this Privacy Notice regarding the way we collect, use, and/or share the personal information that you have provided, we will notify you by posting notice of the changes on the Site or, if we hold your email address, by email.
The use of certain of our Services may also be governed by other applicable terms and policies regarding privacy and the sharing of personal information, which supplement, and should be reviewed alongside, this Privacy Notice.
Unless otherwise defined in this Privacy Notice, terms used have the same meaning as in the Terms and Conditions.
Effective Date: 10 May 2022
This disclaimer (the “Disclaimer”) explains the terms and conditions governing your access to the https://hector.network/ website (the “Site”) and/or our services as described on the Site (the “Services”; unless the context provides otherwise, the Services shall be deemed to include the Site). This Disclaimer, together with the Terms and Conditions (the “Terms”), forms a binding legal agreement between you and Hector Enterprise Inc., with its registered office at Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands (“Hector Network” or “we” or “our” and its derivatives).
You must read this Disclaimer carefully. By accessing the Site and/or using the Services, you signify that you have read, understand and agree to be bound by this Disclaimer in its entirety and understand the risks related to the Services and crypto-assets in general. You agree to comply with this Disclaimer even if our methods to prevent the use of the Services are not effective or can be bypassed. If you do not agree with anything in this Disclaimer, you may not use the Services. We may implement controls to restrict access to the Services from any jurisdiction or persons prohibited pursuant to this Disclaimer.
You agree to indemnify and hold Hector Network harmless from any losses, costs, liabilities and expenses (including legal fees) relating to or arising out of: (a) your use of, or inability to use, the Services; (b) your violation of this Disclaimer or the Terms; (c) your violation of any rights of another party, including but not limited to any other users of the Services; or (d) your violation of any applicable laws.
Hector Network may, at its own discretion, assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you shall fully cooperate with Hector Network in asserting any available defenses. This provision does not require you to indemnify Hector Network for any fraud, gross negligence, or willful misconduct of Hector Network.
You confirm that you fully understand that (i) our crypto products and related services are unregulated and can be highly risky; (ii) there may be no regulatory recourse for any loss from crypto-related transactions; (iii) investment in crypto-assets or similar products carries a high risk, may not be suitable for retail investors and the entire amount invested may be lost.
Hector Network is not a bank, securities firm, financial institution, financial services provider or provider of similar services and does not provide investment, tax or financial advice, financial services or consulting services to users of the Services. We are solely the provider of the Services. Your logged digital assets are not covered by insurance against losses or subject to any deposit insurance schemes or protections.
You understand that you are solely responsible for any tax reporting and payment, levies or similar duties applying to you in relation to your use of the Services (including but not limited to your purchase and/or sale of any digital assets) and you agree to hold us harmless and indemnify us for any tax-related obligations applicable to you in relation to your use of the Services.
You may not use the Services if you are located in, or are a citizen or resident of any state, country, territory or other jurisdiction where your use of the Services would be illegal or where your use of the Services would amount to any violation of any applicable law either by you or by Hector Network, which is your obligation to check before using the Services, including but not limited to:
any jurisdiction for which the Services, or any offer or solicitation in respect of the Services, would require registration or licensing or otherwise would be unlawful.
The Services are also not available to any person who is the subject of economic or financial sanctions or trade embargoes administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control (OFAC) or the U.S. Department of State or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom; or (c) any other relevant sanctions authority (“Sanctions”) or is organized or resident in a country or territory that is the subject of country-wide or territory-wide Sanctions.
The information on this page and all other pages owned, operated by, or related to Hector are for educational purposes only and do not constitute any sort of advice. Cryptocurrencies, NFTs and other blockchain offerings are unregulated assets and users should do extensive research into how they work, the potential risks and the tax liability of owning them in their native regions. Users should carefully read all the documents above before accepting.