Charles Hoskinson, IOHK CEO, Shares First Results of Cardano's Fund2 Initiative

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Wed, 01/13/2021 - 16:07
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Vladislav Sopov
Cardano’s inventor discloses the names of 11 winners of Project Catalyst, teases new funding campaigns
Charles Hoskinson, IOHK CEO, Shares First Results of Cardano's Fund2 Initiative
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Input Output HK, a development company tasked with Cardano (ADA) blockchain solutions, has announced the results of Fund2, the second stage of a unique community-driven initiative. It supports the most promising early-stage products that work on Cardano (ADA) adoption.

$250,000 in ADA go to winners, more events to come

Mr. Charles Hoskinson, CEO and founder of Input Output HK, congratulated all winners of Fund2, the first stage of Project Catalyst with real ADA rewards. Eleven most valuable and interesting concepts will receive their prizes.

First results of Project Catalyst's Fund2 are announced by Cardano
Image via Twitter

Mr. Hoskinson explained what is interesting about every project in the winners list. He also invited some teams for personal interviews.

The next stage of public funding program, goes live today, on Jan.13, 2021. It will be focused on dApps development.

According to the official blog post covering the results of Fund2, in 2021 ‘million of ADA’ will be available for funding of the winners of community-driven Cardano (ADA) initiatives.

Focus on education and development tools

The organizers stressed that some projects are in ‘yellow zone’: they were approved by the community but the endowment didn’t have sufficient funding to support them in Fund2. All of these projects are invited to re-submit their proposals in Fund3.

Generally, two sorts of project were named the winners of Fund2: education initiatives and developers’ experience proposals.

For instance, Haskell/Plutus/Marlowe education project is focused on spreading the word about the programming languages utilized by Cardano (ADA). Same objectives are maintained by Lovelace Academy for Marlowe and Plutus.

Also, Liqwid, one of the first DeFi experiments on Cardano (ADA) blockchain, is in the list of Fund2 winners.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)