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1
Announcements [ANN] / Re: zkPass Protocol
« on: October 03, 2023, 01:25:37 AM »
zkPass Pre-alpha Testnet Opens for Public Testing



Dear Community,

We are excited to announce that our Pre-alpha Testnet is now open for public testing with no more whitelisted access! zkPass is a privacy-preserving protocol for private data verification. It is built on the foundation of Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and three-party Transport Layer Security (3P-TLS). We believe our innovative approach will revolutionize the way users protect and validate data on a variety of platforms.

We launched TransGate — a gateway empowering users to selectively and privately validate their data from any HTTPS-based website. This encompasses diverse data types, spanning legal identity, financial records, healthcare information, social interactions, work history, education, and skill certifications. zkPass achieves these verifications securely and privately, obviating the necessity to reveal or upload sensitive personal data to third parties.

The Power of Scalability

zkPass can be readily incorporated into multiple application scenarios, including composable decentralized identity passes, DeFi lending protocols based on off-chain credit, privacy-ensured healthcare data marketplaces, and dating apps featuring verifiable zkSBTs, etc. Wherever there is a need for trust and privacy, zkPass can provide a solution.

By employing cryptographic technologies like MPC, ZKP, and others, zkPass enables users to validate their private data through the verification of their HTTPS-based web session — eliminating the need for file uploads or the exposure of sensitive details. For example, through zkPass, Alice can prove:

-  Based on her server response to the Steam/GOG website, she has purchased 10+ games with 100+ hours of gameplay and is not required to disclose any other private information about her account to a third party.

-  Based on her server response with the Harvard Alumni website, she has a Bachelor’s degree and is an alumnus of Harvard University, but does not disclose any of her other superfluous personal data.

-  Based on her server response with the Porsche website, she owns a Porsche, but does not disclose her frame number, purchase order, or other private data.

-  Based on her server response with the bank’s website, she owns assets greater than $100K, but does not disclose any of her specific account assets, transfer records, or other private data.


Use Cases:



-  The Metaverse/GameFi program is looking for gaming ambassadors to participate in a test and offer a reward, and they can easily verify that Alice is their target user.

-  Alice can seamlessly access the Alumni DAO via her zkPass zkSBT while ensuring privacy and trustworthiness.

-  Alice leveraged her RWA ZKPs to establish a reputation for high ratings, which allowed her to access a DeFi lending platform and secure lower mortgage and borrowing rates, ultimately boosting her capital efficiency.


By redesigning the TLS protocol to Three-party TLS, zkPass makes it seamless for any HTTPS-based website to be used as a trusted data source for provenance of zero-knowledge metadata without having to authorize any APIs.

Open Invitation to Shape the Future

zkPass launched its Pre-alpha Testnet in July, receiving an overwhelming response with over 200,000 waitlist signups. Currently, tens of thousands of whitelisted users have already generated more than 100,000 zero-knowledge proofs, each representing their respective private data, identity, or ownership.

User feedback holds immense importance as it helps refine and enhance their solution. The public release of the Pre-alpha Testnet extends a warm invitation to technology enthusiasts, privacy advocates, and individuals who deeply value secure data practices. This invitation aims to shape the future landscape of data privacy alongside zkPass collectively.

Participating in the Pre-alpha Testnet not only grants users early access to an advanced solution but also empowers them to actively contribute towards its improvement. This collaborative effort is a key driver in tailoring zkPass into a privacy-focused protocol that empowers users in an increasingly data-centric world.


How to Get Involved

Getting involved in zkPass’s Pre-alpha Testnet is simple:


1.  Install the TransGate Extension on Chrome Web Store ( https://chrome.google.com/webstore/detail/zkpass-transgate/afkoofjocpbclhnldmmaphappihehpma?utm_source=ext_sidebar&hl )

2.  Visit pre.zkpass.org ( https://www.zkpass.org/home )  and be a part of the Pre-alpha Testnet and experience firsthand the power of private data validation.

3.  Check out more tutorial details on their doc wiki and engage with the zkPass community, share your insights, and be an integral part of shaping this groundbreaking technology.



zkPass Official Links:

Website: https://zkpass.org/

Twitter: https://twitter.com/zkPass

Discord: https://discord.gg/zkpass

Medium: https://medium.com/zkPass

GitHub: https://github.com/zkPassOfficial










2
Announcements [ANN] / Re: zkPass Protocol
« on: September 08, 2023, 11:24:10 PM »
Introducing zkPass: Privacy-preserving Protocol for Private Data Verification

based on Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and three-party Transport Layer Security (3P-TLS)



We’re working on an innovative infrastructure to help create a decentralized society. Our solution offers strong privacy protection, verification, compatibility, and anti-cheating features that cater to individuals, businesses, and developers. With zkPass, users can take full control of their private data and interact with the Web3 ecosystem in a secure, efficient, and trustworthy way.

TL;DR

Over the past few months, we have been reviewing various papers and discussing the future of Web3. Inspired by the vision of “Decentralized Society: Finding Web3’s Soul.”(by E. Glen Weyl, Puja Ohlhaver, Vitalik Buterin), we believe an identity infrastructure for a decentralized society is not only possible but necessary.

With this vision in mind, we are reintroducing zkPass, a privacy-preserving protocol for private data verification. It is built on the foundation of Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and three-party Transport Layer Security (3P-TLS).

In this blog, we’ll give you an overview of the zkPass project, including how it works, its key features, and potential use cases. zkPass has the potential to transform the way we interact with each other, ushering in a new era of trust, privacy, and security.




What zkPass Can do

zkPass provides TransGate, which enables users to selectively and privately validate their data on any HTTPS website to the web3 world. It can cover various data types such as legal identity, financial records, healthcare information, social interactions, work experience, education and skill certifications, etc. All these types of verifications can be done securely and privately without the need to disclose or upload any sensitive personal data to third parties.

zkPass can be readily incorporated into multiple application scenarios, including composable decentralized identity passes, DeFi lending protocols relying on off-chain credit, privacy-ensured healthcare data marketplaces, and dating apps featuring verifiable zkSBTs, etc.
Wherever there is a need for trust and privacy, zkPass can provide a solution.

Key Technologies

MPC (Multi-Party Computation)

MPC enables multiple participants to participate jointly in computation without compromising their privacy and reveals the result to one or all participants. This is mainly accomplished using Yao’s Garbled Circuits and Oblivious Transfer protocol. Furthermore, we’re leveraging the latest research papers to optimize the efficiency of MPC, such as “Half Gate,” “Silent OT,” and “Vector-OLE.”

ZKP (Zero Knowledge Proof)

In Non-interactive Zero-Knowledge (NIZK) Proof systems, such as zk-SNARK and zk-STARK, computations are represented as circuits, and the gate constraints within the circuit are depicted as a set of polynomials. If a computation requires multiple circuits, all these circuits need to be amalgamated into a single, large circuit that is then submitted. Despite the trust assumptions associated with this approach, it necessitates a very large memory space which is typically not feasible within browser environments.
To tackle the issue, we employ VOLE (Vector Oblivious Linear Evaluation)-based IZKP. Its linear nature allows us to submit circuits individually, effectively balancing memory size. Moreover, IZKP doesn’t require a trusted setup, thereby enabling the generation of zero-knowledge proofs in a browser environment.


TLS: Transport Layer Security

TLS is one of the most widely used protocols for secure communication over the Internet. It encrypts data from plaintext to ciphertext and vice versa, providing data security and privacy by encrypting traffic to prevent sensitive data from being leaked by third parties. The process consists of two sub-protocols: handshake and record layer. The goal of the first sub-protocol is to negotiate a secure key between two endpoints, while the second uses an agreed key to protect communication.



User Flow



Users (Provers) no longer need to upload documents or share private information with third parties. In the past, uploading passports, driver’s licenses, and education certificates to platforms were standard, but that is no longer necessary.

Users can generate zero-knowledge proofs locally by accessing their accounts in various trusted data sources (e.g., MyGovID in Australia or Singpass in Singapore.) and returning responses from the on-chain smart contract designation. In this process, the MPC node of the zkPass protocol obtains a mac_key share to ensure data integrity, authenticity, and validity. However, the Enc_key is only available to the user from the beginning to the end. This is achieved by redesigning the standard TLS protocol into a 3-party TLS protocol.

This approach ensures that only the user can decrypt the data, and the MPC nodes can verify that the user cannot tamper with the data.


Key Features

1 Privacy-preserving: Prove your private data without uploading any personal privacy details.

2 Verifiable: Re-designed the standard TLS protocol into a three-party TLS to ensure provenance of private data.

3 Compatible: Seamless compatible with any HTTPS websites, no API or license required.

4 Anti-cheating: The decentralized network of MPC nodes divides the Session Key to verify the authenticity, integrity, and validity of the data, prevent malicious activities like identity theft and data tampering.

5 Memory-efficiency: VOLE-based IZK that realizes millisecond-level ZKP generation locally in the browser environment.


Use Cases

zkPass’s versatility makes it suitable for a wide range of industries. Its compatibility with a broad spectrum of data sources, including all Web2 HTTPS websites and Web3 applications, enables seamless integration with existing systems without requiring changes on the data source side. Some of the potential use cases for zkPass include, but are not limited to: zkKYC, healthcare, education, decentralized due diligence, social networking, gaming, finance, and supply chain management.



Online Identity Verification: With zkPass, users can easily verify their identity online without revealing personal information, which can help prevent identity theft and protect privacy.

Social App: With zkPass, users can anonymously prove their age, personal information, and the authenticity of their profiles without revealing sensitive personal data. By using zkSBTs, users can selectively disclose their tokens and specify that only people with certain zkSBTs can send private messages to them, preventing the proliferation of scam messages.

Decentralized Finance: zkPass can be used to verify identities and credentials for DeFi applications, ensuring that only authorized parties have access to sensitive financial data.

Job Applications: zkPass can verify job applicants’ qualifications, education, and experience without revealing personal information.

Online Marketplaces: zkPass can be used to verify the authenticity of sellers & buyers or publishers & applicants on online marketplaces, preventing fraud and abuse.

Summary and Outlook

Imagine a world where your private data no longer has to pass through many data brokers or third parties, but instead is in your own hands. A world where privacy is respected, and data is secure, authentic, and verifiable. This is the world that zkPass is creating.

zkPass is more than just a private data verification tool — it’s an infrastructure for a decentralized society. By utilizing MPC and ZKP technology, zkPass enables users to selectively share their verifiable private data with third parties without revealing sensitive information. Companies and individuals can verify identities and credentials without compromising personal data.

The versatility and compatibility of zkPass make it a valuable tool for a wide range of industries. From financial institutions to healthcare providers, zkPass can be used for secure, privacy-preserving private data verification. Moreover, with its advanced anti-cheating mechanisms, zkPass ensures that private data is tamper-proof and fraud-free.

The future is decentralized, and zkPass is leading the way. With its privacy-preserving technology and secure verification methods, zkPass is creating a world where individuals control their private data, and privacy is respected.



zkPass Official Links:

Website: https://zkpass.org/

Twitter: https://twitter.com/zkPass

Discord: https://discord.gg/zkpass

Medium: https://medium.com/zkPass

GitHub: https://github.com/zkPassOfficial





3
Announcements [ANN] / zkPass Protocol
« on: September 01, 2023, 02:39:23 PM »
A Technical Overview of zkPass Protocol



zkPass, a privacy-preserving protocol for private data verification. It is built on the foundation of Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and three-party Transport Layer Security (3P-TLS). zkPass provides TransGate, which enables users to selectively and privately validate their data on any HTTPS website to the web3 world.

It can cover various data types such as legal identity, financial records, healthcare information, social interactions, work experience, education and skill certifications, etc. All these types of verifications can be done securely and privately without the need to disclose or upload any sensitive personal data to third parties.

zkPass can be readily incorporated into multiple application scenarios, including composable decentralized identity passes, DeFi lending protocols relying on off-chain credit, privacy-ensured healthcare data marketplaces, and dating apps featuring verifiable zkSBTs, etc. Wherever there is a need for trust and privacy, zkPass can provide a solution.

Users control the private Data without leaking sensitive personal information, avoiding unpredictable potential criminal convictions and offenses.


This post gives an overview of zkPass Protocol’s overall architecture and how it works.

Symbols and Definitions

P: Prover (Individuals)

V: Verifier (Business)

S: TLS server

Q: P-initiated query

R: Data replied by S

enc_key: The key of the encrypted data in TLS

mac_key: The MAC key in TLS

t: Digest


Overview Solutions

In the traditional data validation and confirmation process, the Prover submits their information to the Verifier. The Verifier retrieves this data and performs authentication checks in collaboration with the DataSource. Thus, the Verifier serves merely as an intermediary or broker in this model.

Each party faces unique challenges in this scenario: for the Prover, there’s a risk of disclosing excessive personal information; for the DataSource, while it’s a trusted data provider, it’s incapable of offering personalized verification services; and for the Verifier, they’re privy to all the customers’ private data, gaining total access, which presents significant potential risks of data leakage.

We propose a new approach that repositions these three entities, positioning the Prover between the Verifier and the DataSource. Rather than the traditional method, the Prover uses their access token to directly locate and retrieve their data from the DataSource, subsequently generating a Zero-Knowledge Proof (ZKP) for the Verifier to check. This process ensures the Verifier remains unaware of the Prover’s personal information.

In order to implement this structure, we incorporate 3P-TLS, MPC, and IZK technologies.


3P-TLS

Transport Layer Security (TLS) is the secure protocol for HTTPS, supported by almost all Data-Sources. It is a two-party protocol designed for a client/server structure. We have built the 3P-TLS protocol based on the elliptic curve DH protocol and combined it with MPC and Oblivious Transfer (OT) to prevent cheating.

MPC

One challenge we face is that the Prover may forge proof information provided by the DataSource to deceive the Verifier. The solution to this problem is through MPC, where both the Prover and the Verifier hold half of a session MAC key, which is a data integrity key used to maintain data integrity. Since the Prover cannot forge or tamper with information responses provided by the DataSource, it cannot deceive the Verifier. MPC can also prevent the Verifier from knowing any private information about the Prover. During the MPC handshake, there is no encryption key (data confidentiality key) for the Verifier, so it cannot decrypt any data and therefore does not know any private information about the Prover.

IZK

After obtaining information from the DataSource, the Prover needs to prove certain statements of the response in a secure and private manner. We use Zero-Knowledge Proofs (ZKP) to achieve this goal. More specifically, we use interactive commit and prove zero-knowledge proofs (ICP-ZKP) to deal with the large scale of the circuit. The Prover gives the commitment as c = commit(m, r), where m is the message and r is the randomness. Then the Verifier checks that commit(m, r) = c. The commitment does not reveal any information about m, and the Prover can’t find different m’ and r’ (and m’’ and r’’) such that commit(m’, r’) = c and commit(m’’, r’’) = c. During the protocol, the Prover needs to commit its private witness, then prove the input wires and the computation of each gate one by one, and continue to commit the output wires until the final one.

Future Direction

The fields of MPC and ZK related technologies are constantly evolving, with significant advancements being made each year. To ensure the continuous optimization of the zkPass protocol, we are actively staying abreast of the latest technologies. Here are some noteworthy references that we are considering: [FNO14], [NNOB11], [HK20], [HYDK22], [ADST21], [BDOZ10], [FKL+21], [DIO20], [JKO13], [GAZ+21].

OT: Oblivious Transfer

Traditional OT protocols like IKNP/KOS15, which we currently use, require a security parameter (𝑘) bits of communication for each OT. However, we propose building a new maliciously secure OT extension based on VOLE that only needs (log 𝑘) bits. For any (𝑛), this improvement comes at the expense of requiring (2𝑛) times the computation.

GC: Garbled Circuits

Existing GC evaluation methods such as [ZRE14] and [KS08] evaluate GC functions gate-by-gate using encrypted truth tables. The GC evaluator decrypts the corresponding output label based on input labels. However, interactive protocols offer more sophisticated techniques. For example, we can expose a (masked) private value to a party, allowing them to perform local computation and feed the resulting cleartext value back into the MPC.

IZK (Interactive Zero-Knowledge) Protocols

VOLE-based IZK ([WYKW20]/[YSWW21]) suffers from high communication overhead, often linear to the circuit size. We are constructing new ZK protocols with communication sublinear to the circuit size while maintaining a similar level of computational efficiency.


zkPass Official Links:

Website: https://zkpass.org/

Twitter: https://twitter.com/zkPass

Discord: https://discord.gg/zkpass

Medium: https://medium.com/zkPass

GitHub: https://github.com/zkPassOfficial



4
Announcements [ANN] / Kakarot
« on: July 11, 2023, 12:10:22 AM »
Kakarot: an intro to the first modular zkEVM



TL;DR: Kakarot is a type 3 (soon-to-be type 2.5) zkEVM, built on top of the CairoVM. The project, which began in October 2022, has several goals in mind: open-source from day one, welcoming contributions, and most ambitiously, creating a zkEVM in less than 10,000 lines of code. We achieved this goal in just six months. We’ll release a testnet at the end of summer 2023.

A glossary is available at the end of the article for context on EVM, zkRollups and zkEVM.


An Incomplete Primer on the CairoVM

The CairoVM is a virtual machine that enables provable execution. It serves as the foundation for Starknet, a general-purpose Layer 2 (L2) validity rollup in the Ethereum ecosystem. The CairoVM’s ability to represent execution as polynomials allows every transaction on Starknet to be proven using STARKs. This necessitates developers building decentralised applications (dApps) in Cairo, the associated programming language.

In the words of the team behind Cairo, Lior Goldberg and Shahar Papini and Michael Riabzev:


We present Cairo, a practically efficient Turing-complete STARK-friendly CPU architecture. We describe a single set of polynomial equations for the statement that the execution of a program on this architecture is valid. Given a statement one wishes to prove, Cairo allows writing a program that describes that statement, instead of writing a set of polynomial equations.

Takeaway: Programs written in Cairo are provable, which enables a game-changing advantage: writing provable programs in a high-level language. As a result, developers looking to leverage the scalability property of zero-knowledge cryptography no longer need to write circuits.

So, would rewriting the Ethereum Virtual Machine (EVM) in Cairo result in a zkEVM?


The idea was simple: the EVM is a mature, well-defined VM architecture. 142 opcodes, 9 precompiles, and a democratic process to update these opcodes or precompiles. Should one build it in Cairo, would one get a zkEVM “for free”, i.e. obtain the scaling property of zero-knowledge as a direct consequence? Spoiler alert, yes.

From there, the idea gained traction in the Starknet community. Abdel, the lead of Starkware’s exploration team and part of the core Ethereum developer team, started implementing it in October 2022. Around the same time, the open-source builder community of Starknet — gathered together with Onlydust’s help — began a similar project in parallel. The former absorbed the latter during StarknetCC in Lisbon.


By the End of 2022, Kakarot Had 100% of EVM Opcodes Implemented.

A hacker house in Lisbon, one week of dedicated work, and about ten people building a zkEVM. The Kakarot core team was born. We realized that this was feasible and powerful. A naive implementation of a zkEVM that fit in less than 5,000 lines of code. No circuits, no polynomials. Just high-level, expressive code.

With the help of the Starknet Foundation and Onlydust, we embarked on this adventure. Our values were open-source, open contributions, and community-driven technical strategy. Clément and I led and coordinated this effort. Today, Kakarot has more than 40 unique contributors. While Kakarot is incorporating to crystallise the effort around building a production-grade zkEVM, our values endure: open-source forever and open for outside contributions


As of May 2023, Kakarot has achieved 100% bytecode equivalence (equivalent to type 3 zkEVM) and implemented 8 out of 9 EVM precompiles. It will soon have all nine of them, thus reaching type 2.5, as per Vitalik’s typology. As a result, dApps written in Solidity or any other EVM-supported language can be deployed onto Kakarot without requiring any modifications to the existing code.

What’s Next? A Two-Fold Bet: Bring the EVM to Starknet and Build a zkEVM-Rollup-as-a-Service Product

When we analysed the market, we noticed that compared to other zkEVMs, Kakarot is an underdog — a team of fewer than 10 people with a significantly smaller budget and brand. Deploying as a general-purpose zkEVM L2 seemed risky. So, what other strategies appeared sound? Bring EVM compatibility to Starknet and leverage fractal scaling.

We strongly believe Cairo will prove to be the best toolbox for zero-knowledge engineering in the coming years. We also believe the EVM will remain the most common layer of abstraction for developers. This is why we’re bringing EVM compatibility to Starknet. Soon, teams will be able to deploy their Solidity dApp on Starknet, through Kakarot.

Moreover, we think app-chains (or app-specific L3s) will emerge sooner than people expect. The traction that the OP stack has been gaining is a good example. By leveraging the modular nature of Kakarot (small and flexible codebase, adaptable to any Cairo chain), we’re empowered to build a zkRollup-as-a-service tool.
One-click: a zkEVM deployed as L3 on top of Starknet for a specific app. EVM environment, low gas, and fast execution. Cryptographic security.


Context & Glossary

EVM (Ethereum Virtual Machine): The EVM is a Turing-complete virtual machine that executes smart contracts on the Ethereum blockchain. It serves as the runtime environment for these contracts, processing the instructions and managing the state of the network. Developers can write smart contracts in languages like Solidity, which are then compiled to EVM bytecode and executed by the virtual machine.
zkRollups: zkRollups are Layer 2 scaling solutions for blockchain networks, particularly Ethereum. They bundle multiple transactions into a single proof, which is then posted on the main chain. By using zero-knowledge proofs, zkRollups enable greater throughput and lower transaction costs while maintaining a high level of security and decentralisation.
zkEVM (Zero-Knowledge Ethereum Virtual Machine): A zkEVM is an EVM implementation that incorporates zero-knowledge proof systems. It allows for the execution of smart contracts with increased scalability (and sometimes privacy) by leveraging cryptography to prove the correctness of transactions.



Welcome to Kakarot zkEVM useful links

Our Website: https://kakarot.org/
Our Twitter: https://twitter.com/kakarotzkevm
Our Medium Blog: https://medium.com/kakarot-zkevm
Our Github: https://github.com/kkrt-labs/kakarot
Our Linktree: https://linktr.ee/kakarotzkevm

5
Announcements [ANN] / Spiral DAO Airdrop!
« on: April 05, 2023, 04:08:26 PM »
Spiral DAO Airdrop!

To kickstart the protocol Spiral DAO will hold a two-phase Airdrop.




Summary

1st Phase — Launching Airdrop: Spiral DAO will airdrop 3%~5% of the initial token supply towards existing Balancer, CRV, FXS, and SDT stakeholders as well as other DeFi users.

To claim the Airdrop visit https://spiral.farm/airdrop on the 8th of April. The time of the start will be different for each category and is specified below starting from 15–00 UTC+0.
Users will receive Spiral DAO’s governance token — Spiral (SPR) token.
Every user from each category will receive the same amount of tokens — 100 SPR.
Only users holding a greater than a certain amount of stated tokens are eligible for the Airdrop.
Only X first users from each category can claim their Airdrop.
The later you redeem the Airdrop — the more you get. After claiming wait and redeem your tokens later to receive up to 50% more.
2nd Phase — Community building Airdrop: Encouraging active members of community participation programs.


Spiral DAO

Spiral DAO is built by experienced farmers for farmers, which means we have thought about all the downsides associated with yield farming, the most prominent of them being highly inflationary reward tokens and complexities that make it harder to access for newcomers. Spiral is here to change that, as well as other inefficiencies existing in yield farming, bribe markets, and VeTokenomics.

Spiral DAO provides a possibility to stake your liquidity into one of the large variety of pools in exchange for its native Coil (COIL) tokens with an additional yield on top. At its launch, Spiral DAO supports Aura and Convex native pools.

COIL tokens can be staked to obtain our main governance token — the Spiral (SPR) token, which represents governance power for all of the Treasury assets and is backed by a growing market share of all the tokens held within the Spiral DAO treasury (USDC/BAL/CRV/FXS/SDT to start).

Spiral DAO employs novel mechanisms to maintain a balanced Treasury exposure by engaging in bribe markets and optimizing them as a side effect.


1st Phase: Launching Airdrop

To encourage adoption, Spiral DAO will airdrop 3–5% of the initial token supply towards existing Balancer, CRV, FXS, and SDT stakeholders as well as other DeFi users. Only users holding a greater than a certain amount of tokens stated below are eligible for the Airdrop.

Airdrop will be allocated to:

42% — CRV/CVX users: vlCVX, veCRV, Convex LP
25% — BAL/AURA users: veBAL, vlAURA, Aura LP
7% — FXS stakeholders: veFXS
3% — SDT stakeholders: veSDT
7.6% — LobsterDAO NFT owners
7.6% — Degenscore Beacon NFT owners
8.6% — Top-1000 DeBank profiles


First come first serve

Users will receive an equal amount of tokens (100 SPR). However, the supply for each category is limited, which is why only the first X users to claim their Airdrop will be eligible. The X for each category is roughly the following:

270 — CRV/CVX stakeholders: 80 — veCRV; 90— vlCVX; 100 — Convex LP
160 — BAL/AURA stakeholders: 45 — veBAL; 50 — vlAURA; 65 — Aura LP
45 — FXS stakeholders
20 — SDT stakeholders
50 — LobsterDAO NFT owners
50 — Degenscore Beacon NFT owners
55 — Top-1000 DeBank profiles


When snapshot??

Yep. It had already been taken.

The later you redeem the Airdrop, the more you can get.

First, you’ll have to claim your Airdrop. By claiming, you confirm you want to be dropped and secure your spot.
After that, you can redeem your tokens right away or later.
The number of tokens you will receive grows linearly in the first three months, so it makes sense to hold longer and redeem later. The total growth will reach 50%. For example:


Initially, you get dropped 100 tokens. After one month, you can redeem around 116.67 tokens. After two months — 133.333. And after three months — 150 tokens.

The idea behind this mechanism is to spread the total Airdrop pressure across those three months and make it a more engaging activity.

Where?

You can claim your Airdrop at https://spiral.farm/airdrop.

When?

On the 8th of April. The time when claiming starts will be different for each category.

Claiming Schedule

15–00 UTC+0 — CRV/CVX stakeholders
16–00 UTC+0 — BAL/AURA, FXS, SDT stakeholders
17–00 UTC+0 — LobsterDAO NFT owners
18–00 UTC+0 — Top-1000 DeBank profiles owners
19–00 UTC+0 — Degenscore Beacon NFT owners


Until the X first users are reached, you can still claim your tokens at any time.

2nd Phase: Community building Airdrop

To enhance Spiral DAO adoption, we are launching a community activity incentivization program. As a result of it, the second phase of the Airdrop will be held.

There are three ways to participate:

1. Complete the crew3 quests. We have built a unique API for this event to track different on-chain activities. Stake, share, boost your yield and get exp.

2. Be an active member of the community and participate in our Discord channel discussions.

3. To learn more about how you can contribute to Spiral DAO's growth and development check out our community article:


https://medium.com/spiral-dao/unveiling-our-loyalty-program-e4d9be0c232

Website: https://spiral.farm/

Twitter: https://twitter.com/Spiral_DAO

Medium: https://medium.com/spiral-dao

Crew3: https://crew3.xyz/c/spiraldao3/questboard

6
Announcements [ANN] / Re: Islamiccoin
« on: February 22, 2023, 12:52:02 AM »


Islamic Coin, the Shariah-compliant, ethics first digital money, was presented at the United Nations COP27 Climate Change Conference in Sharm El-Sheikh.

Zug, Switzerland, Dec. 06, 2022 (GLOBE NEWSWIRE) — Islamic Coin, the Shariah-compliant, ethics first digital money, was presented at the United Nations COP27 Climate Change Conference in Sharm El-Sheikh. Co-founder Mohammed AlKaff AlHashmi offered SDG aligned solutions, on a panel of international experts on sustainability.

The conference, held in Egypt, included remarks by UN Secretary General Antonio Guterres, as well as leading luminaries on climate change and global climate action. Islamic Coin, a native token of the environment-friendly and Shariah-compliant Haqq Blockchain, is an advocate for technology led sustainability efforts worldwide.




Positioning itself at the forefront of social action and philanthropy, and having recently attracted over $200m in private investment, Islamic Coin has appeared at a UN backed event for a second time. Islamic Coin’s SDG debut was at New York’s International Youth Conference, that is also supported by the United Nations.

Heralding in an era of unity and cooperation on charity and sustainable entrepreneurship, Islamic Coin’s Fatwa, an edict by leading Muslim authorities, provides for an Evergreen DAO, that has already started to manage and execute the Coin’s investment and philanthropy strategy for the world’s Muslim community and beyond.

“It was insightful to learn about Islamic Coin’s strategy and ongoing activities in the field of digital finance support for climate and SDG action empowerment” commented Miroslav Polzer, CEO of IAAI GloCha, strategic director of the Climate Chain Coalition and European Climate Pact ambassador.

Targeting 1.1 billion Muslim internet users worldwide, as well as supporters of fair and transparent finance, Islamic Coin has already attracted attention from leading figureheads in both traditional and Islamic finance, and has secured support from Royal Families in the UAE.

The Advisory Board features H.E. Sheikh Khalifa Bin Mohammed bin Khalid AL Nahyan, H.E. Sheikh Juma bin Maktoum Al Maktoum and H.E. Sheikh Mohammad Bin Khalifa Bin Mohammad Bin Khalid Al Nahyan. The Executive Board includes Hussein Al Meeza, an acclaimed award-winning banker with over 45 years of experience spanning the Islamic banking, finance and insurance sectors, one of the key personalities involved in establishing Dubai Islamic Bank — the first fully fledged Islamic Bank in the world. The Board’s impressive roster also includes Khamis Buharoon AI Shamsi, the former Assistant Director of the Finance Division, and Assistant Director of the Internal Audit Division of the Central Bank of the UAE. Traditional Finance has also taken notice. The Executive Board also recently welcomed Greg Gigliotti, CEO, Chief Investment Officer and Founding Partner of Xtellus Advisors. A respected fund manager with experience at Goldman Sachs and other global institutions, Mr Gigliotti managed a portfolio of over $16 Billion during his career.

Islamic Coin’s Shariah Board is led by Sheikh Dr. Nizam Mohammed Saleh Yaquby, recognized by Bloomberg as ‘The Gatekeeper’ of a $2 trillion market for Islamic financial products. Sheikh Yaquby sits on the Shariah boards of top international finance including HSBC, Lloyds TSB and Barclays; France’s BNP Paribas and Credit Agricole and Citigroup.

Islamic Coin will be rolling out on global exchanges shortly.

Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research.


Twitter: https://twitter.com/Islamic_Coin

Telegram: https://t.me/islamiccoin_community

Medium: https://medium.com/@islamic_coin

Фатва: https://islamiccoin.net/fatwa

Документация: https://islamiccoin.net/documentation

Whitepaper: https://islamiccoin.net/wp

Haqq Network: https://islamiccoin.net/haqq-network

Официальный Youtube: www.youtube.com/channel/UCQqtQStp2Ba-PYIKnuf_Yeg

Ресурсы Русскоязычного сообщества:

Telegram - https://t.me/Islamiccoinrussian

Medium RU - https://medium.com/@islamiccoinru

7
Announcements [ANN] / Re: Islamiccoin
« on: February 20, 2023, 10:31:26 AM »
IslamicCoin received the Golden Excellence Awards Dubai 2023

On February 5–6, Dubai hosted one of the most significant events dedicated to the blockchain, cryptocurrencies and digital technologies — the Cashaa Blockchain Summit, which was attended by leading developers of Defi, GameFi, NFT projects and metaverses

The summit has ended with the awarding of the best projects with the Golden Excellence Award, which is considered the most prestigious award in the Middle East region and is organized under the patronage of His Excellency Sheikh Nahyan Mabarak Al Nahyan, Cabinet Minister & Minister of Tolerance, UAE.

The IslamicCoin project became the sponsor of the event and won the award «Excellence in Shariah Compliance in Crypto & Blockchain». The award from the hands of His Excellency Sheikh Nahyan Mabarak Al Nahyan was received by Mohammed Alqaff Alhashmi, one of the leading developers and co-founder of IslamicCoin and the HAQQ blockchain, who is a member of the Executive Board of the project.

We congratulate all members of our community and wish the project of the main digital currency for the Islamic world to achieve all its goals and objectives.

IslamicCoin is a digital currency conforming to the rules of Islam and Shariah, functioning in its own blockchain Haqq, which means “Truth”. Already at the stage of closed sales, IslamicCoin aroused huge investor interest and was able to raise more than $ 200 million in just a few weeks. Unlike technically outdated Bitcoin and Ethereum, which have a lot of problems, IslamicCoin uses the full power of the most progressive blockchain technologies and is based on the most fair and reliable ideology and rules of conduct.

Successful investors choose ideology, technology and prospects based on something more than minor fluctuations in price charts. For almost 20 years of the existence of a new type of digital money, cryptocurrencies have not brought a drop of real value into this world, have not made people free, independent and happy.

And this means that it’s time for a new type of finance based on responsible choices and new values!l



Twitter: https://twitter.com/Islamic_Coin

Telegram: https://t.me/islamiccoin_community

Medium: https://medium.com/@islamic_coin

Фатва: https://islamiccoin.net/fatwa

Документация: https://islamiccoin.net/documentation

Whitepaper: https://islamiccoin.net/wp

Haqq Network: https://islamiccoin.net/haqq-network

Официальный Youtube: www.youtube.com/channel/UCQqtQStp2Ba-PYIKnuf_Yeg

Ресурсы Русскоязычного сообщества:

Telegram - https://t.me/Islamiccoinrussian

Medium RU - https://medium.com/@islamiccoinru


8
Announcements [ANN] / Re: Islamiccoin
« on: February 12, 2023, 09:42:51 PM »

9
Announcements [ANN] / Islamiccoin
« on: February 12, 2023, 02:04:48 AM »
Our vision – synthesis of ideology, technology, and community


Islam

Islam is the world’s second-largest religion with almost 2 billion followers — a quarter of the world’s population. Muslims make up a majority of the population in 47 countries. Islam teaches that God is merciful, all-powerful, and unique.

Islamic law, or Shariah law, is a religious law forming part of the Islamic tradition. It guides and dictates many aspects in the lives of Muslims throughout the world, including financial interactions.

One of the core principles of Islamic financial law is the prohibition of paying or charging interest, which is currently not followed by a large part of financial institutions constituting the modern financial system.

According to the Global Islamic Economy Report, the volume of the Islamic financial sector was $2.88 trillion in 2020 and is expected to grow to $3.69 trillion by 2024. According to the same report, two of the four main factors influencing the expansion, as well as the Islamic economy in particular, are the rapidly growing Muslim population, the spread of digital technologies, and mobile communications.

The Islamic financial system has been virtually untouched by the recent financial crisis due to its prohibitions on speculative transactions and uncertainty, as well as the attention it pays to fairness and risk-sharing. Islamic finance is a rare example, where the system featuring certain limitations and restrictions is more sustainable and powerful, compared to the system where such limitations are not present.


Crypto

Crypto is one of the fastest-growing sectors of the world economy. Bitcoin is the best performing asset in the history of mankind far outperforming anything we knew before.

Today, the crypto industry has a market cap of well over 2 trillion dollars and turnovers are astronomical. However, the global Bitcoin user base is still relatively low, probably as low as 25 million users, compared to billions of active Muslim Internet users.

At the time of writing, humanity seems to be on the very verge of mass adoption of crypto. 2021 saw tectonic shifts in the industry:

Samsung announced it will be adding a crypto wallet to all of its future phones.
Tesla began accepting Bitcoin.
El Salvador selected Bitcoin as its legal tender.
UK Post announced it will start selling Bitcoin.
New York Mayor-elect Eric Adams selected to be paid in Bitcoins.
Reddit announced it will launch a crypto product for its 500 million users, etc.
These are just some of the highly visible milestones. Global adoption is happening on many levels including business, banking, regulatory, etc.



Blockchain

Blockchain – the technology behind cryptocurrencies is compared by many experts to the Internet itself in terms of its importance and long-term transformative impact on humanity. In general, Blockchain does two things. It allows:

Parties to securely interact in a trustless way.
Exclude unnecessary intermediaries from any transaction or process.
Both are achieved due to the ability of blockchain to be a single source of truth for any interacting parties – robust, immutable and uneditable.

Modern blockchains utilize Proof of Stake consensus, allowing for high transaction throughput without overheads such as large energy consumption.


Synthesis

Islamic Coin is designed to deliver a lasting, powerful impact for one of the largest communities in the world. It is the first digital currency to provide economic and social benefits, support innovation and ensure sustainable, long term growth via a dedicated Evergreen DAO.

Current credit and banking system.

Fiduciary credit money is a universal unconditional financial obligation that serves the commodity turnover of assets in the economy. The main task of Central Banks, as state regulatory bodies, is to maintain the stability of interest rates and the exchange rate in the money market by regulating the behavior of commercial banks’ lending to non-financial enterprises in order to initiate them to maximize the mass of profits. The process of repayment of the principal amount of debt and interest is consistently carried out according to the hierarchy of the two-level banking system. Firstly, non-financial sector firms and people repay their unconditional loan obligations to commercial banks. Secondly, commercial banks return loans as their unconditional loan obligations to the Central Bank. In case of uninterrupted return of loan money from borrowers to creditors, the effective activity of market entities takes place.

Such a system allows governments to pursue a flexible monetary policy, managing the supply of money through the cost of their borrowing (the key rate). At the same time, the current system does not fully comply with the principles and norms of Islamic finance, since both paying and accruing interest for using money is prohibited in Islam.

Although the formation of the Islamic financial system began about 1400 years ago its modern history dates back to the 1970s when Islamic banks were established in Saudi Arabia and the United Arab Emirates. It is important to note that until 1971 all fiat money issued by states as legal tender was backed by gold or silver. Since 1971, states are no longer limited to issuing a new currency according to the gold standard or any other general rule, except for their internal consideration, which supports the possibility of capturing and redistributing wealth. Many fuqaha think that such practices don't correspond to fiqh.

Islamic Coin – purposeful community crypto asset.

Islamic Coin is Shariah-compliant digital money, designed to create value for the World’s Muslim community. It is built on Haqq – its dedicated Islamic blockchain. Meaning “Truth”, Haqq stringently abides by Islamic views and traditions on finance.

In the Quran, gold and silver are mentioned as examples of pleasures of this worldly life (3:14). That is why Muqaddimah of Ibn Khaldun has written that gold and silver specifically, should be used as money.

The deflationary nature of many cryptocurrency systems, as well as the necessity to invest some work to produce them, is comparable to the properties of gold or silver.

Islamic Coin cannot be arbitrarily ‘printed’ and thus devalued. It’s also impossible to cause arbitrary deflation through a rise of the Central Bank’s interest rate (key rate) – since there is no interest rate within the system. Islamic Coin’s price is determined solely by the market and thus always fair.
Islamic Coin may only be minted (issued) by those who contribute work and investment – validators and stakers of the network at a predetermined announced rate.
Unlike fiduciary money, Islamic Coin is not operated by the banks whose main business is to earn profit by charging interest. Paying or charging interest is forbidden in Islam.
Each time a new Islamic Coin is minted, 10% of the issued amount is deposited into a special Evergreen DAO for further investment into Islamic internet projects or given to Islamic charities. This is the first introduction of a coin bringing direct economic value to a community.
The Evergreen DAO is a non-profit virtual foundation focused on long term sustainability and community impact. It effectively works as a crypto endowment. In some cases described below, Evergreen DAO also may fund activities necessary for the Haqq network operations and development. Key decisions are made by a council that consists of the top 5 validators of Haqq blockchain.
Our mission is to empower the international community of the followers of Islam with a robust and future-proof financial instrument that allows for independent financial interaction, while supporting innovation and philanthropy.

Leveraging the power of the community, IsalmicCoin may become one of the most important and valuable crypto assets. If 3-4% of the Muslim online community will hold Islamic Coin, it will become a bitcoin-scale crypto asset, generating a trillion dollars for its holders, and $100 billion for the Evergreen DAO.



Century Coinomics

Islamic Coin (ISLM) is the native currency of Haqq Network. It is used for payments, governance, paying transaction fees and staking.

Staking is the process of locking ISLM coins by bonding them to validators. Validators maintain the Haqq Network. By bonding coins, ISLM holders delegate voting power to validators and become delegators, which gives them the right to earn rewards and participate in governance (see Tendermint BFT).

Upon Haqq mainnet launch, the minting of new coins is temporarily disabled and Haqq mainnet is operated by a restricted validators set controlled by the Core Team (Proof of Authority consensus). The reason behind that is to execute proper testing of Century Coinomics and let the Haqq community learn how to stake and run their own validators on the Haqq network. For that purpose, Haqq public testnet will be launched with Proof of Stake and minting enabled. When the Haqq community finishes evaluating Haqq on testnet and The Haqq Team ensures its stability, minting will be enabled on mainnet as well as Proof of Stake – the validator set won’t be restricted by the ones controlled by the Core Team. This will allow validators and stakers to participate in the Haqq consensus and earn staking rewards.

After minting is enabled and until 100 billion coins are minted, every block produces new ISLM coins and gas fees collected from users. New ISLM coins and gas fees are distributed between validators, delegators and Evergreen DAO:

10% goes to Evergreen DAO.
1% to 5% goes to a block proposer and its delegators.
The remainder is distributed proportionally to all bonded validators and their delegators.
Delegators of bonded validators are rewarded in proportion to the amount of their delegation, relative to the total amount delegated to the validator, including validator self-delegation. Rewards are distributed to the delegators minus the validator's own commission.

ISLM supply is limited to 100 billion coins. Every Era, which is 2 years, ISLM’s emission rate is reduced by 5%. Emission will stop in 100 years from the first block of the first Era.

During the first Era, 4.33% of coins will be minted, followed by 4.12%, with the 9th Era seeing 2.87%. More than 50% of the total supply will be minted from mainnet launch by the end of the 9th Era, including initial supply. 100% (100 billion ISLM) will be minted at the end of the 50th Era, no more ISLM will be minted after that.

Initial supply: 20 billion. It will be minted in a genesis block and will be distributed on the day of network launch with the following structure:

2 billion – Evergreen Foundation – according to Century Coinomics.
5.5 billion – Partners: boards, initial supporters, promoters and market makers.
4 billion – Initial Private Sale. These coins will be sold to qualified private investors.
5.5 billion – Business reserve and ecosystem development fund. These coins will be used for public distributions, operational costs, business development, grants and other ecosystem-focused activities.
3 billion – Founders Reward.
Coins dedicated for the Evergreen DAO will be locked until it is fully developed, tested and deployed on mainnet.



Vesting

Founders Reward


Founders Reward allocation minus 0.01 ISLM will be deposited on a Vesting Smart Contract on network launch. 0.01 ISLM subtracted from Founders Reward will be used for the payment of transaction distribution fees after launch.

Vesting Smart Contract transfers 1/24th of deposit immediately on deposit creation, while the rest becomes available for claiming by portions of 1/24th every 30 days.

Private Sale and Partners Allocations

The Initial Private Sale and Partners allocations won't be locked on network launch, because they have to be distributed between the Private Sale buyers and Partners during the first few weeks after network launch. However, each buyer and Partner will still have their coins vested, based on the vesting schedule that applies to the Founders.


Architecture

Haqq is an Ethereum compatible Proof of Stake blockchain network with instant finality.


Features:

Ethereum compatibility allows developers to build applications on Haqq using the existing Ethereum codebase and toolset, without rewriting smart contracts that already work on Ethereum or other Ethereum-compatible networks.
IBC compatibility allows Haqq to interact with other IBC-compatible networks like Cosmos, and in the future with Ethereum.
High throughput with instant finality makes Haqq usable for applications beyond the finance realm: social platforms, games, educational projects and much more.
Proof of Stake mechanism allows Haqq holders to participate in the network consensus alongside with validators – and earn rewards for securing the network.
Century Coinomics – finite supply, emission process lasts for 100 years, with a rate being reduced every 2 years, until 1 billion ISLM are minted.
Evergreen DAO, funded by ISLM emissions and a portion of network fees, governed by network participants – dedicated to supporting innovative projects for the international Islamic community.
Builders Incentive – smart contract authors are incentivized to deploy ecosystem-demanded contracts by network mechanics.
Haqq is built using Evmos which in turn is based on Cosmos SDK which runs on top of the Tendermint Core consensus engine. That said, high throughput and instant finality are inherited from the Tendermint Core, IBC – from Cosmos SDK and Ethereum Compatibility – from Evmos.

The Haqq team is committed to implementing Evergreen DAO, Builders Incentive and Century Coinomics and getting everything together in order to launch a stable network, compatible with the rest of the blockchain ecosystem.



Builders Incentive

Just like Ethereum, Haqq uses the Gas concept to disallow the EVM (Ethereum Virtual Machine) from running infinite loops. However, thanks to Tenderming Core, the gas prices will be much less, compared to Ethereum.

Rather than going directly to validators, like in the case of Ethereum, the fees generated by Smart Contracts are shared between validators and authors of smart contracts in the proportion of 50%/50%.

We expect this mechanic to incentivize builders to create projects without nonpurposeful mechanicsat the core of their business models. Furthermore, by building this mechanic we encourage collaboration between Smart Contracts developers, in order to create additional value by composing their Smart Contracts.


Tendermint, Cosmos and IBC

Tendermint is a software for securely and consistently replicating an application on many machines. Tendermint provides two chief technical components:

a consensus engine.
a generic application interface.

Tendermint BFT – consensus Engine

The ability to tolerate machines failing in arbitrary ways, including becoming malicious, is known as Byzantine fault tolerance (BFT). Tendermint consensus engine implements Byzantine fault tolerance.

Two important Tendermint consensus engine characteristics are:

Security – network works even if up to ⅓ of nodes fail or act maliciously.
Consistency – every non-faulty node sees the same transaction log and computes the same state.
In addition, Tendermint provides instant finality which means that once a transaction is validated, it can be considered final and irreversible. Instant finality means that forks are never created as long as more than a third of validators are honest (byzantine). Users can be sure their transactions are finalized as soon as a block is created.

Security and Consistency of Tendermint BFT Consensus allows the Haqq network to be maintained by a set of independent validators who don’t have to trust each other and will provide consistent data and transaction processing. Instant finality makes Haqq network suitable for a wide range of applications, including the ones that require fast feedback loops like games, social networks, instant payments, etc.


ABCI – generic application interface

Tendermint Core communicates with the application processing transaction via a socket protocol that satisfies the Application BlockChain Interface (ABCI).

ABCI allows the implementation of custom transaction processing logic without forking Tendermint itself. This makes Haqq and components it’s built on (Evmos) leverage new Tendermint versions without backporting features and fixes by tedious and error-prone code merging process. This also opens ways for the Haqq team to collaborate with Tendermint maintainers and other members of the Tendermint ecosystem, in order to improve Tendermint Core for the good of the whole ecosystem.


Cosmos SDK

Cosmos SDK is the most advanced framework for building custom application-specific blockchains today. Cosmos SDK is the base layer of Evmos which Haqq is built on.

Cosmos SDK is designed for building blockchains out of composable modules, without forking the core. Cosmos SDK uses Tendermint as a default consensus engine.

Cosmos SDK is a stable, time-proven solution that powers hundreds of blockchain applications including Binance Chain, Terra and Cosmos Hub.

The most important benefit for Haqq being built on the Cosmos SDK is compatibility with the Inter-Blockchain Communication Protocol which makes Haqq interoperable with the rest of the Cosmos ecosystem.


Inter-Blockchain Communication Protocol

Blockchain is an open ecosystem and we believe that it should stay the same. We also believe that interoperability with different blockchains is an essential part of openness. That belief defines one of the most important reasons to choose Cosmos SDK as the foundation of Haqq Blockchain.

IBC is a protocol that defines the way for IBC clients (mainly, blockchain networks but not limited to them) to read the consensus states of other blockchains and the proof specs of those blockchains, that are required to properly verify proofs against the client's consensus state.

In practice, Haqq being compatible with IBC means that it can communicate with other IBC-compatible networks which already hold more than $148 billion worth of assets under management.

IBC is not a cross-chain token transfer protocol – it’s a general communication protocol as the name implies. IBC makes it possible for blockchains to communicate with each other. This includes the transfer of tokens, but it is not limited to that. This is different from isolated networks like Ethereum, within which connection to other networks is limited by token transfers only.

When enabled, IBC compatibility will interconnect Haqq with the rest of the Cosmos ecosystem. This includes Osmosis – interchain AMM – which, besides Cosmos networks, has plans to integrate with Ethereum and other EVM-compatible networks. The Haqq team also considers implementation of a direct bridge to Ethereum with a simplified user experience.


Ethereum compatibility and Evmos

Haqq desires to be open not just to users but to developers interested to build projects on the Haqq network. This requires Haqq to support a programming language and toolset familiar to the majority of blockchain developers. According to the Electric Capital Developer Report, Ethereum still has the largest developer community. That makes it logical for Haqq to strive to support Ethereum Virtual Machine for smart contracts execution and Solidity as the primary smart contracts language.

For the purpose of EVM compatibility Haqq is using some components of Evmos – the network based on Cosmos SDK which provides full EVM compatibility, or equivalence. Haqq being EVM-equivalent, means that everything that is built on Ethereum or other EVM-equivalent networks like Optimism or the Evmos and Evmos-based networks – can be deployed on Haqq without rewriting a single line of smart contract code and worrying about things to break in unexpected ways.

Evmos is the continuation of Ethermint project – the EVM-compatible blockchain with Tendermint BFT consensus. Evmos is being developed by Tharsis whose team has been the core #DevelopmentTeam  behind the Ethermint codebase since April 2021.

As said in previous sections, Evmos is built on Cosmos SDK, leverages Tendermint Consensus security, consistency and instant finality and is compatible with the IBC protocol.

Haqq is aimed at full compatibility with the rest of Evmos and Cosmos ecosystems from the user experience perspective, as well as collaboration with its communities.


Evergreen DAO


Purpose

Evergreen DAO is introduced to fund projects benefiting the world’s Muslim community, grants to ecosystem maintainers, bug bounties, marketing activities and other activities, which the community decides are helpful for the Haqq network and/or the Muslim community.


Governance

Evergreen DAO is governed by the community, Sharia Board and Council.

Evergreen DAO governance is driven by an Evergreen DAO Smart Contract, deployed on the Haqq network.

Spending initiatives can be submitted by any ISLM holder (both personal and Smart Contract) and go through a governance process which consists of the following stages:

Submitting a spending initiative by an ISLM Staker.
Council vote.
Initiative execution.

Submitting a spending initiative

Any ISLM holder can submit a spending initiative. This initiative should be first submitted to an off-chain discussion board and then a link to this initiative should be submitted to the governance smart contract alongside metadata which consists of spending amount and target.

Submitting an initiative requires a deposit which is calculated by multiplying the initiative amount to a deposit coefficient. Initially, the deposit coefficient is 5%. Later it can be changed to be dynamically adjustable, depending on the initiative amount and ISLM price in USD.

At the moment, the full 5% of the amount should be deposited on the Smart Contract, alongside the initiative. However, crowdfunding a deposit is possible by another DAO-like Smart Contract.

For a successful submission operation, the DAO should have enough coins not locked by another initiative. Upon a successful submission, the whole deposited amount is locked, becoming unavailable for other initiatives.


Council vote

Council vote for or against the initiative. Voting is operated by the same Evergreen DAO Smart Contract. Each Council has the equivalent vote. In order to approve the initiative, at least ⅗ of all Council members have to vote for the initiative. To reject, at least ½ of all council members have to vote against the initiative. If no decision is made for 1 week, the initiative is considered dropped.


Initiative execution

Initiative execution is a Smart Contract method that can be called by any user but it will succeed only if the Council has passed the approval or rejection threshold or if 1 week has passed since the initiative is submitted and no threshold has been reached.

If an initiative is approved by the Council, 100% of the amount specified in initiative metadata goes to the target specified in initiative metadata, deposit and additional reward which equals to the deposit becomes available, for an initiative author to claim.

If an initiative is rejected by the Council, the initiative amount gets released, becoming available for other initiatives and the initiative author deposit goes to Evergreen DAO.

This mechanism is supposed to incentivize active participation in Evergreen DAO Governance while protecting it from malicious initiatives.

If the Council fails to pass approval or rejection thresholds in 1 week since initiative submission, the initiative is considered dropped, and upon execution the Smart Contract will release the initial deposit which the initiative author will be able to claim.


Twitter: https://twitter.com/Islamic_Coin

Telegram: https://t.me/islamiccoin_community

Medium: https://medium.com/@islamic_coin

Фатва: https://islamiccoin.net/fatwa

Документация: https://islamiccoin.net/documentation

Whitepaper: https://islamiccoin.net/wp

Haqq Network: https://islamiccoin.net/haqq-network

Официальный Youtube: www.youtube.com/channel/UCQqtQStp2Ba-PYIKnuf_Yeg

Ресурсы Русскоязычного сообщества:

Telegram - https://t.me/Islamiccoinrussian

Medium RU - https://medium.com/@islamiccoinru

10
Announcements [ANN] / Re: ApStation
« on: December 26, 2022, 08:25:57 AM »
Tokenomics



Testnet Rewards
Awards allocated to active participants in the testnet, which is scheduled for Q1 2023.

Exchange Liquidity
Tokens to provide liquidity to exchanges and dexs on which our token will be traded.

Bounties
Rewards for participants in events and special events within the project.

Contributors
Tokens allocated to people who have contributed to the development of the project.

DAO
Distribution that will take place for all activities within the DAO.

Partners
Tokens for marketing and partnership funds.

Community
Dedicated tokens to keep the project community active and encouraged.

Staking
A reserved long-term allocation of tokens for project contributors.

Ecosystem
These tokens will be used for ecosystem-building endeavors, including further marketing, business development, brand awareness and etc.

Strategic Investors
Dedicated tokens to investors and early supporters to the project.

Founders
Tokens allocated to the ApStation team.


Website: https://apstation.net/

Twitter: https://twitter.com/ApStationNFT

Medium: https://medium.com/@apstationnft

Docs: https://apstation.gitbook.io/apstation/

Quests Crew3: https://apstation.crew3.xyz/invite/fRTMwcIJH-owczcPsVcxw
Apply to our beta: https://apstation.net/#social

Tokenomics: https://apstation.gitbook.io/apstation/token/tokenomics

11
Announcements [ANN] / Re: ApStation
« on: November 14, 2022, 01:31:31 AM »
Roadmap




2022 Q2

*  Writing a complete project concept

*  Team recruitment

*  The first fundraiser


2022 Q3

*  Creating a main website

*  Writing complete documentation

*  Work on building a marketing department

*  Publishing tokenomics


2022 Q4

*  Creating and developing the project’s social media

*  Opening the bounty program to early adopters

*  Partnerships with leading projects on Aptos

*  The second fundraiser


2023 Q1

*  Starting a “Preemie” Testnet

*  Launch of the Ambassador Program

*  Launch Mainnet

*  ASN Staking


2023 Q2

*  Adding new chains

*  Launch NFT Marketplace

*  The general fundraiser


You can read more about it here — https://apstation.gitbook.io/apstation/


Website: https://apstation.net/
Twitter: https://twitter.com/ApStationNFT
Medium: https://medium.com/@apstationnft
Docs: https://apstation.gitbook.io/apstation/
Quests Crew3: https://apstation.crew3.xyz/invite/fRTMwcIJH-owczcPsVcxw
Apply to our beta: https://apstation.net/#social
Tokenomics: https://apstation.gitbook.io/apstation/token/tokenomics
Roadmap: https://apstation.gitbook.io/apstation/about-project/roadmap

12
Announcements [ANN] / Re: Protonsale
« on: November 12, 2022, 03:39:55 PM »
Check out OG's Benefits👇



✅Get whitelisted to join #ProtonSale IDO

✅Receive Airdrop with a rate based on your OG levels

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& more to reveal...


📌 We'll announce the way to level up your OG role soon!

Join our Crew3 now for a chance to get OG: https://protonsale.crew3.xyz/invite/FZpIMOahAzDXgmsdfr6Z_

13
Announcements [ANN] / Re: Protonsale
« on: November 08, 2022, 02:15:29 AM »
Sale

A launchpad is platform that is designed specifically for launching new coins, crypto projects, and raising liquidity. Launchpads help investors discover early-stage crypto projects before they enter into the mainstream. Over the years, launchpads have relied upon human verification system to determine which projects or tokens to launch but with the advancement of the blockchain and smart contracts, new launchpads are now choosing a different and more decentralized approach by building trustless systems through smart contracts that work together to enhance the experience of token management for businesses.


1  Create a Sale

2  Pre-start

3  Contribution period

4  Finalization

5  Sale end period


Governance




14
Announcements [ANN] / Re: ApStation
« on: November 04, 2022, 11:54:22 PM »
Deflation Mechanism

The whole idea of a token is built on its deflationary mechanism, which will reduce the number of tokens by all sorts of combustion methods described below. This in turn will lead to a permanent reduction of the free supply and a deliberate increase in the value of the token for its owners.

1.  Every week, 20% of the earnings from commissions from launching user NFT collections, will be spent on repurchasing tokens from secondary markets and carrying out the "Burn" function, namely by sending them to a non-existent, zero-address.

2.  Every quarter, our team will do a scheduled token burn using the same "Burn" system, in the amount of 1% of the total supply.

3.  Each successfully completed DAO vote will burn 0.01% of the token supply already issued.

Our deflationary mechanism is designed so that the number of tokens in circulation will remain in place or decrease systematically. Our ultimate goal for burning will be to leave only 20% of the total mass of tokens issued.


Earnings Distribution

1.  Earnings from the platform come from revenues from NFTs sold, in total we receive 2% of every sale on our platform. Once a week we will distribution 1% of the earnings into the stakers wallets. The percentage of rewards received will be influenced by your role.

2.  All active users in the early stages of the project will be rewarded after the official launch.

3.  Users who take part in regular voting on the platform will become contenders for something...


Project Fees

To launch a collection it is free! We only take a percentage of NFTs sold.

*  Launching a collection: 0$ - 2% of your profit

*  Minting a NFT: Mint price + gas fee

Let's say you want to sell 1 NFT for 1 Aptos (let's say 10$), you will get 0.98 Aptos (9.8$) on your wallet. For a buyer it will cost 1 Aptos and a gas fee at that time.


DAO Voting

ApStation works on the DAO principle. This principle includes the following aspects:

1.  All ASN token stakers are allowed to vote.

2.  All token stakers can send their ideas and ideas for moderation and further voting.

3.  Each idea confirmed by moderators will be rewarded with ASN tokens for its owner.

4.  For each successful vote, all participants will receive incentives in the form of ASN tokens in equal shares.

15
Announcements [ANN] / ApStation
« on: November 03, 2022, 09:09:11 PM »
What is ApStation?



ApStation is a decentralized platform for launching your own NFT collections on the Aptos blockchain. We plan to integrate other chains in the future.
We have combined all the modern, revolutionary technologies of the NFT sector in our platform. We offer an easy to use and incredibly promising product for the general mass of NFT fans.
Our community communicates with the project through the DAO voting system. All relevant innovations will not go unnoticed by the community!
We are now on the first step towards a revolution in the launch of NFT collections.



Our Values

ApStation values effectiveness, comfort, and technological.

Effectiveness

Efficiency is the most important priority when working with NFT. ApStation will make sure that launching an NFT collection takes a minimum amount of time.

Comfort

Comfort is one of the top priorities when working with cryptocurrencies. We make our platform so user-friendly that even a novice can figure out all the features of ApStation the first time.

Technological

Technological is our code is built on the principles of transparency and openness. We work hard to ensure that the launch of NFT collections is successful.


Platform Functionality

We have conducted surveys on a large number of people and analyzed many shortcomings with our reserch department. Collecting all the best and most comfortable conditions for users on our platform:

1.Launch your own NFT collection
   Creating a collection in a couple of clicks. Improved whitelisting system. Choosing the value of the NFT and royalties.
    Linking a wallet  to which the income from the fees will go. Saving templates to run another collection.


2.Mint NFT collections
  The user can mint NFT on a separate page of running collections. When minting by whitelist, the user's wallet must be added in
  advance.


3.Voting
  Each user, who is a $ASN token holder, has a vote to decide on important updates within the platform. Each successful vote will bring tokens to the participants.

4.Stake ASN
  Staking tokens open up a huge list of possibilities and privileges to use and manage the platform.


Website: https://apstation.net/
Twitter: https://twitter.com/ApStationNFT
Medium: https://medium.com/@apstationnft
Docs: https://apstation.gitbook.io/apstation/
Quests Crew3: https://apstation.crew3.xyz/invite/fRTMwcIJH-owczcPsVcxw
Apply to our beta: https://apstation.net/#social
Tokenomics: https://apstation.gitbook.io/apstation/token/tokenomics
Roadmap: https://apstation.gitbook.io/apstation/about-project/roadmap




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