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In the sixth phase of Rhythm NEXT, 12 high-quality projects competed

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The excitement continues, and the results of the sixth phase of the event will be announced on December 2.

The "2020 NEXT" series of activities launched by Rhythm and KuCoin will usher in the sixth issue.

Since the event was launched in July, NEXT has successfully held five sessions. A total of 7 high-quality projects were invited to visit the Rhythm live broadcast room, covering DeFi, PoC mining, and Internet of Things protocols.

In just a few months, the NEXT event and crypto users have witnessed the changes in the crypto market. From the rise of liquidity mining to the NFT boom, and now that Bitcoin has broken through the $19,500 mark, it is one step closer to hitting a record high. In 2020, we have witnessed the vicissitudes of the encryption market. Taking advantage of the high market sentiment, new and old projects have begun to make efforts, and the market is undergoing changes.

In order to discover more high-quality projects and better capture the market heat. Rhythm BlockBeats has updated the candidate projects and added several new projects that are progressing well. The results of the sixth phase of the campaign will be announced on December 2.

The sixth phase of the event will select the sixth phase of dialogue from the following 12 projects based on the results of user assistance Project:

DeFi liquidity mining leading project YFI;

Star sharding project NEAR;

High-performance Layer 1 public chain Nervos;

Inter-chain exchange protocol Kira;

Decentralized index protocol The Graph;

Blockchain privacy computing platform Oasis;

Decentralized Streaming Project Props;

Ethereum Elastic Blockchain Skale;

A high-performance public chain Solana that attracts the newcomer Serum, a derivative DEX;

decentralized cloud computing blockchain network aelf;

A new generation of financial public chain project SperaX;

Decentralized trading protocol Injective Protocol.

YFI

If Compound is the initiator of liquidity mining, then Yearn .finance (YFI) is the fuel that pushes this activity to a climax. The founder of YFI, Andre Cronje (AC), is a DeFi product developer known as a "workaholic" by the crypto community. He has launched several new products in just a few months, and even produced the "AC" effect.

YFI can be simply understood as a smart bank account executed on the Ethereum blockchain , the account It can automatically allocate your assets to low-risk investment strategies to help users obtain income. And its notable feature is the fair issuance model, and there is no pre-sale or pre-mining of tokens.

NEAR

The star sharding public chain NEAR has had a lot of good news since September this year. On September 25, NEAR’s official account announced that the foundation has completely withdrawn from the operation of nodes, and the NEAR mainnet has been decentralized. Then on October 13, NEAR launched the final stage of the mainnet, and the transfer function has been opened.

As one of the strong competitors of Ethereum, NEAR has obtained investment including Multicoin Capital, Coinbase Ventures, Electric Capital, Homebrew, Amplify, MetaStable, Baidu Ventures, SVAngel, ACCOMPLICE and other investment institutions invested.

Nervos

As one of the representatives of domestic public chains, Nervos has always been concerned by encryption users. Its flexible underlying cryptography primitives enable Nervos to provide an interoperability level 2.0 experience, allowing it to follow the standards of all existing chains, thereby opening up with other existing entrances and realizing the vision of integrating them together. Users can enter the blockchain world from any portal and operate any asset in the digital world, and none of these problems can be solved by inventing a new standard or portal.

The Graph

The Graph is an indexing protocol for organizing and efficiently accessing data in blockchains and storage networks. The graph currently supports indexing data from Ethereum, IPFS, and POA, with more networks to come in the future. So far, more than 1700 subgraphs have been deployed for applications such as Uniswap, Synthetix, Aragon, Gnosis, Balancer, Livepeer, DAOstack, AAVE, and decentralized. On July 31, The Graph announced the launch of its incentivized testnet.

The Graph has previously raised $7.5 million to build and launch a platform for indexing and querying blockchain data Decentralized network. The project announced that it will conduct a token sale on October 23, with a unit price of 0.03 US dollars, and it is expected to sell 400 million GRT tokens.

Kira

Kira protocol is a set of protocols developed by the Kira Core team. It uses the original multi-asset pledge binding proof MBPoS (Multi-Bonded Proof of Stake) consensus protocol to release the liquidity of pledged assets while ensuring network security. This protocol is based on Tendermint and belongs to the BFT consensus protocol system. Kira aims to provide pledged token liquidity for Staking projects, and acts as a liquidity releaser in the Cosmos ecosystem.

Oasis

The main network of the blockchain privacy computing platform Oasis Protocol has been launched. According to the official introduction, the Oasis network is the first scalable, privacy-preserving blockchain that can maintain the confidentiality and privacy of data. Oasis has raised about $45 million between 2018 and 2020.

Props

Props is a project focusing on the decentralized video application system. Based in Delaware, USA, the Props Network is managed by Props PBC, a public benefit corporation, and aims to empower those who help digital communities thrive. Props provides an open-source infrastructure for a network of applications that transparently and fairly use shared tokens to reward users.

Accepted SEC approval in July 2019, approved by proxy in April 2020 The sale raised $2 million. The financing was led by Union Square Ventures (USV) and Borderless Capital. The Props team has strong media experience and resources. In April of this year, Props announced that it would migrate the private chain platform PropsChain from Ethereum to the open source public chain Algorand.

Skale

The SKALE network is a layer-2 expansion solution that is fully compatible with the Ethereum mainnet. Its block generation time reaches the sub-second level, and the throughput of each SKALE chain can achieve 2000tps, and it can deploy full-state smart contracts, support decentralized storage, implement Rollups scheme and EVM machine learning. SKALE closed its public sale on September 11, selling over 167 million SKL tokens worth just over $5 million. This was followed by the announcement of the second phase of its mainnet on October 1.

Solana

Solana network is based on The PoH clock mechanism also optimizes the consensus mechanism, data broadcasting, parallel transaction processing, and state data storage with a separate node network. The purpose is to achieve high throughput and low Latency and low cost, which can meet the needs of users in most scenarios.

This year, the Serum project, which is consulted by SBF, has become the first project built on the Solana public chain without third-party support A decentralized exchange that trusts cross-chain transactions. On August 14, FTX founder Sam Bankman-Fried tweeted that the Serum project based on the Solana public chain had completed its first on-chain transaction, and the transaction fee was only 0.000005 SOL (approximately $0.000019).

aelf

aelf is a project to build a decentralized cloud computing blockchain network, and the team is based in Singapore. aelf is not only a chain, but a main chain with multiple side chains to reduce traffic and maximize transaction speed and efficiency. The main chain is the core of the ecosystem and is connected to multiple side chains at the same time.

Aelf Enterprise 1.0.0 RC 1 was officially released on 1016 this year. The aelf public test network has realized all the functions required for the launch of the main network. After the code audit is completed and the vulnerabilities are fixed, the main network will be officially launched using this version according to the steps in the main network launch roadmap.

Injective Protocol

Injective Protocol is a Layer 2 derivatives transaction protocol, based on the Ethereum network, which integrates a verifiable delay function (VDF), through the elapsed time proof (Proof of Elapsed Time) to avoid order conflicts in the same block to eliminate transaction cheating and A decentralized exchange protocol for bad trades.

The agreement has recently completed a seed round of financing. Although the specific amount has not been disclosed, the investment comes from well-known institutions and individuals, including Pantera Capital, QCP Soteria, Axia8 Ventures, K42, Krypton Capital, etc.

SperaX

Sperax is a Supported by block chain venture capital institutions OV, FBG, etc., a decentralized financial infrastructure participated by top North American cryptographers. Sperax was established in Menlo Park, Silicon Valley, USA in 2018. Our current members are mainly located in the United States, Singapore and China. On August 20 this year, Sperax announced the completion of the token sale. A total of approximately 250 million SPA tokens (approximately 4.7% of the total token supply) worth approximately $4.7 million were sold.