# TRON  
  
Tron is a decentralized, [blockchain](https://iq.wiki/wiki/blockchain)-based, open-source protocol supporting various kinds of blockchain networks and [smart contrac](https://iq.wiki/wiki/smart-contract)t systems including [bitcoin](https://iq.wiki/wiki/bitcoin), [Ethereum](https://iq.wiki/wiki/ethereum), [EOS](https://iq.wiki/wiki/eos), [Qtum](https://iq.wiki/wiki/qtum), and other public blockchain smart contracts. TRON features a delegated [proof-of-stake](https://iq.wiki/wiki/proof-of-stake)(DPoS) principles as its consensus algorithm and a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) native to the system, known as Tronix (TRX). Tron was established in March 2014 by Justin Sun and since 2017 it has been overseen and supervised by the a non-profit "TRON Foundation" organization in Singapore which was established in the same year. TRX is the [mainnet](https://iq.wiki/wiki/mainnet) native token of the TRON protocol issued by TRON DAO which is a community-governed DAO dedicated to accelerating the decentralization of the internet blockchain technology and DApps. TRX is the basic unit of accounts on the TRON blockchain. TRX is also a natural medium currency for all TRC-based tokens. TRX connects the whole TRON ecosystem with abundant application scenarios that power transactions and applications on the chain. TRX was originally an Ethereum-based [ERC-20](https://iq.wiki/wiki/erc-20) token, but switched its protocol to its own blockchain in 2018. TRC20 has a fee of 5 Trones per 1 USDT coin for the transfer.  
$$widget0 [YOUTUBE@VID](vdYYQgQ4GjA)$$  
  
# Overview  
  
## History  
  
2017:  
The TRON Foundation was established in July 2017 in Singapore. TRON was founded by Justin Sun in September 2017. The Foundation raised $70 million in 2017 through an initial coin offering[\[6\]](#cite-id-711m8wpcezx) before China outlawed the digital tokens.![Tron foundation.jpeg](https://ipfs.everipedia.org/ipfs/QmVERBpLcJh9UfgEbkqm24MEAeJ5rGDawMCtjqyUcfcMFH)  
 2018:   
The blockchain Explorer "testnet", and Web Wallet were all launched in March 2018. TRON [Mainnet ](https://iq.wiki/wiki/mainnet) launched shortly afterward in May 2018 marking the Odyssey 2.0 release as a key technical milestone for TRON. In June 2018, TRON switched its protocol from an [ERC-20](https://iq.wiki/wiki/erc-20) token on top of [Ethereum](https://iq.wiki/wiki/ethereum) to an independent peer-to-peer network. In July 2018, the TRON Foundation announced it had finished the acquisition of BitTorrent[\[4\]](#cite-id-r8tb9rt47b), a peer-to-peer file sharing service. With this, TRON declared its independence with the creation of the Genesis block. Upon this acquisition, BitTorrent Founder Bram Cohen also disclosed in August 2018 that he was leaving the company to found Chia[\[5\]](#cite-id-1evb2r6rpaz), an alternative to bitcoin creating less energy-intensive [cryptocurrency](https://iq.wiki/wiki/cryptocurrency).  
   
2019:  
By January 2019, TRON had a total market cap of about $1.6 billion[\[7\]](#cite-id-65yepz2i8il). Despite this market performance, some authors viewed TRON as a typical case of the complex and disordered nature of cryptocurrencies. After being acquired by Tron Foundation in February 2019, BitTorrent started its own token sale based on the TRON network.  
   
2020:  
TRON 4.0 was launched in July 2020[\[8\]](#cite-id-yhycq1gmuqn).  
   
2022:  
In April 2022, a new crypto called USDD[\[9\]](#cite-id-qa3ju85z2e8) was created on the TRON [blockchain](https://iq.wiki/wiki/blockchain).  
TRX is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica effective on October 7, 2022[\[10\]](#cite-id-bbefjccsgy).  
  
##   
  
## Architecture  
  
### Technical Architecture  
  
TRON adopts a 3-layer architecture divided into storage layer, core layer, and application layer. Each of which are optimized for a specific set of functionalities. The TRON protocol was modeled using Google Protobuf (protocol buffers) system - a method for serializing structured data which is designed to help platforms and systems communicate with each other quickly and efficiently. TRON [blockchain ](https://iq.wiki/wiki/blockchain)was built to streamline communications and ensure easy integration with a multitude of sophisticated programming languages.  
TRON Storage layer is optimized to allow for more complex data storage needs within TRON’s evolving blockchain architectural landscape.  
TRON core layer performs multiple fundamental tasks that make up the foundation of the blockchain’s underlying protocol. One of the primary tasks is to drive TRON’s innovative consensus procedure for adding new blocks to the chain. This system is inspired by state-of-the-art Delegated [Proof of Stake](https://iq.wiki/wiki/proof-of-stake)(DPoS) consensus architecture.  
TRON application layer is designed to help software engineers interact with the TRON ecosystem effectively. The application layer holds strong potential for supporting new applications built on top of the platform.   
The TRON protocol, maintained primarily by the TRON Foundation, distributes computing resources equally among TRX holders with internal pricing mechanisms such as bandwidth and energy. TRON provides a decentralized virtual machine, which can execute a program using an international network of public nodes. The network has zero transaction fees and conducts approximately 2,000 transactions per second.  
The implementations of TRON require minimal transaction fees in order to prevent malicious users from performing DDoS attacks for free. In this respect, EOS.IO and TRON are quite similar, due to the negligible fees, high transactions per second, and high reliability, and as such are regarded as a new generation of [blockchain ](https://iq.wiki/wiki/blockchain)systems. Michael Borkowski, Marten Sigwart, Phillip Frauenthaler, Taneli Hukkinen and Stefan Schulte defined TRON as an [Ethereum ](https://iq.wiki/wiki/ethereum)clone having no fundamental differences. The transactions per second rate on Tron's blockchain was questioned because it was far below its theoretical claim  
  
### TRON Virtual Machine (TVM)  
  
A lightweight Turing complete virtual machine developed for TRON’s ecosystem to provide millions of global developers with a custom-built blockchain system in efficient, convenient, stable, secure and scalable ways. This systematic mechanism helps prevent attacks on the platform, lowers the resource costs of the platform itself, and reduces the costs of application development.  
  
### zk-SNARK technology  
  
A cryptographic proof system that enables the use of what are shielded transactions to provide decentralized transaction confirmation without sharing any private or confidential data. TRON 4.0 which was launched in 2020 introduced the TRONZ privacy protocol powered by zk-SNARK technology.  
  
# Use Cases  
  
## Smart Contracts  
  
The [blockchain ](https://iq.wiki/wiki/blockchain)technology behind TRON enables the deployment of [smart contract](https://iq.wiki/wiki/smart-contract)s in a variety way of [decentralized applications](https://iq.wiki/wiki/decentralized-application). This includes online games, MLM setups, and decentralized apps. Smart contract can be deployed directly on the TRON network if it is programmed in Solidity. New features such as IDE, TRON Studio, provides a convenient GUI and compiles instructions that make the process easy and stress-free.  
  
## Tron Gambling Dapps  
  
With the tremendous capacity, TRON blockchain can handle thousands of users simultaneously, providing each with the same-quality user experience. The principles of transparency, fairness, and equalized wealth distribution allow all stakeholders to benefit from online gambling. The WINk platform, which was formerly TronBet, offers users exactly same experience. It has several betting games, including ring, poker, dice, duel, slots, and others, which are all based on the decentralized gambling rules. Players also can benefit from dividend payouts if they stake tokens natively supported by WINk such as TRX, LIVE, and others.  
![Trom Gambling.jpg](https://ipfs.everipedia.org/ipfs/QmXZ2P4usPvUgYNt4FkNMnzT8ZrmU7d5qrfjAxkwMkh8G8)  
  
## Tron Exchanges  
  
Tron [smart contracts ](https://iq.wiki/wiki/smart-contract)ensure transparency, automation of executed tasks, and safety. [Poloniex](https://iq.wiki/wiki/poloniex), the first decentralized exchange running on Tron, allows users to exchange Tron tokens for TRX with no transaction fees. Smart contracts handle all transactions in the network, executing exchange operations through users’ wallets. Every transaction record is safely and reliably stored on the [blockchain](https://iq.wiki/wiki/blockchain).  
  
## Tron MMORPG  
  
Tron Legend was an online game that showed that Tron could be used as the base for MMORPGs. The game mechanic was based on innovative and collective task-solving. Unique design and events triggered through [smart contracts](https://iq.wiki/wiki/smart-contract) allowed players to enjoy the benefits of Tron blockchain’s ecosystem, and distribute the dividends earned on the platform among wallets.  
  
## Tron NFT Marketplaces  
  
An NFT-based Tron marketplace can be a possible use case for painters, musicians, and other creators where they could tokenize their works. Tron’s interoperability can make them trade NFTs without strict reference to a particular marketplace, benefitting from multi-currency support, bundling, and other related functionality. With Tron’s feature of high liquidity, creators could use their tokens as collateral for cash or liquid money. In addition to that, Tron can establish a standard for single trading on the marketplace, according to which there should be universal rules of funds’ transfer, ownership, and access control. The system will automatically enforce individual properties on them and limit the volumes of work to be converted into NFTs.  
  
# Criticism  
  
## TRON accused of plagiarizing [Filecoin](https://iq.wiki/wiki/filecoin), [IPFS ](https://iq.wiki/wiki/ipfs)whitepapers[\[11\]](#cite-id-edq0vhdg55i)  
  
In January 2018, Juan Benet, the CEO at Protocol Labs, revealed, via a Tweet, that the white paper of TRON copied portions of the white papers from IPFSbot and MineFilecoin, without a single reference. Researchers from Digital Asset Research (DAR) discovered several instances of code copied from other projects in the base of Tron code. It is also accused of violating the GNU Lesser General Public License v3.0 (LGPL) because the project doesn't mention that its client was derived from EthereumJ - a Java implementation of [Ethereum](https://iq.wiki/wiki/ethereum). However, these accusations were denied by the TRON Foundation, the organization behind the design of the system.  
  
## TRON suffered from a critical bug that could've crashed its entire blockchain[\[2\]](#cite-id-0h991z33g07)  
  
In May 2019, the cyber-security testing service HackerOne revealed that just one computer could have brought TRON's entire [blockchain ](https://iq.wiki/wiki/blockchain)to a halt. The revelation showed that a barrage of requests sent by a single PC could be used to squeeze the power of the blockchain's CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack.  
  
## Algorithmic stablecoin loses its peg as TRON's USDD fails[\[3\]](#cite-id-w7ovycriz8)  
  
On 13 June 2022, Tron's algorithmic [stablecoin](https://iq.wiki/wiki/stablecoin), USDD, lost its peg to the US dollar dipping to as low as 91 cents, as crypto markets nosedived as investors grew increasingly concerned about persistently high inflation, tightening financial conditions and a potential recession.  
  
<br>  
# Legal issues  
  
## Tron Arbitration Challenged in Hostile Work Environment Lawsuit[\[1\]](#cite-id-2148ed1bhff)  
  
A legal challenge is calling on a court to overturn an order allowing the central organization developing the Tron [cryptocurrency ](https://iq.wiki/wiki/cryptocurrency)to privately litigate a lawsuit through arbitration.  
Richard Hall and Lukasz Juraszek, employees who were fired from the Tron Foundation in 2019, filed a writ of mandamus with the First District Court of Appeal in California in San Francisco on June 17, 2020 to reverse arbitration in a lawsuit alleging wrongful termination and hostile work practices at BitTorrent, a file-sharing service acquired in 2018 by the Tron Foundation. In March, 2020, the San Francisco Superior Court approved the Tron Foundation and BitTorrent's request to settle the lawsuit in arbitration instead of in court.

Tron is a decentralized, blockchain-based, open-source protocol supporting various kinds of blockchain networks and smart contract systems including bitcoin, Et...

TRON

**Internet Computer** is a limitless blockchain network that allows the creation of most web-based services on an even more secure and decentralized protocol. [\[3\]](#cite-id-0d7tt5mgdhwn) The Internet Computer is powered by the Internet Computer Protocol (ICP) token formerly known as DFN, that enables users re-create the web and power apps in a more propagated form, pay fees for transactions on the blockchain (serves as a gas for transaction), reward participants or data centers and make governance decisions where holders can vote on the future of the network. The ICP token is a utility token that plays key roles in the Internet Computer network.[\[8\]](#cite-id-oaimkt8h0gg) [\[9\]](#cite-id-w67h42f0tp)  
  
$$widget0 [YOUTUBE@VID](nvgzxedJtfE)$$  
  
# History  
  
In early 2016, Internet Computer came as an idea conceived by Dominic Williams, the chief scientist, founder and orchestrator of DFINITY. DFINITY, a not-for-profit digital foundation that developed and maintained the Internet Computer project for 5 years before its official launch. [\[5\]](#cite-id-q0gikincu5) [\[6\]](#cite-id-ta6mfbu73de) Until 2018, funding rounds were conducted for Dfinity which raised about $121 million from contributors namely [Andreessen Horowitz](https://iq.wiki/wiki/andreessen-horowitz), [Polychain Capital](https://iq.wiki/wiki/polychain-capital), Aspect Ventures [\[16\]](#cite-id-zegbsrshxpb), including an [initial coin offering](https://iq.wiki/wiki/initial-coin-offering) (ICO) in 2017 before the network token was distributed. The token worth about $35 million via an airdrop [\[13\]](#cite-id-qjee1atb1xt) in 2018.  
  
By 2019, a full development of the token started with the release of Copper and the ICP went live in May 2021. It enabled the reach for [blockchain](https://iq.wiki/wiki/blockchain) singularity. That is, a blockchain that is able to run the web from hostage to storage and services, having everything in a secure protocol without the interference of a third-party. Ethereum alike, ICP allows the launch of decentralized applications (DApps) in its network but makes use of the upgraded version of smart contracts (as present in blockchains like Ethereum) in the ICP network called Canisters. [\[14\]](#cite-id-8ceviw8th8a)  
According to the founder, the Internet Computer Protocol (ICP) token symbolizes the third major innovation in [blockchain ](https://iq.wiki/wiki/blockchain)technology after [Bitcoin ](https://iq.wiki/wiki/bitcoin)and [Ethereum](https://iq.wiki/wiki/ethereum). This innovation is perceived as one evolving the internet into its next big event.  
  
> Internet Computer has come to put an end to big tech monopolies and replace the overly circulated cloud service system with a more decentralized world network and having an eye on becoming an extension of the internet\_\_ says Dominic Williams  
  
## **Overview**  
  
Internet Computer (ICP) was launched in 2021 by Dfinity Foundation, founded by Dominic Williams. The network is designed to allow all developers, enterprises, and business owners build and deploy software on the "open internet". The creators plan to replace and improve the current private internet infrastructure to one that eliminates the need to totally rely on security platforms and existing technologies. [\[12\]](#cite-id-y0btor34pyo) The main idea therefore is to have a decentralized global network powered by a blockchain technology that is fast enough to supports and run the entire base layer of the web, including [Web 3 ](https://iq.wiki/wiki/web3)and [DeFi ](https://iq.wiki/wiki/defi)applications.  
  
$$widget0 [YOUTUBE@VID](XgsOKP224Zw)$$  
The Internet Computer operates on a technology called Chain Key Technology [\[11\]](#cite-id-gwtcjg9rrs8) which consists of other systems namely Network Nervous System (NNS), Internet Identity, and Threshold Relay Consensus among others. Thousands of nodes run to secure the network which forms subnets when grouped. These subnets have a [Proof-of-Stake](https://iq.wiki/wiki/proof-of-stake) (PoS) mechanism such that the more tokens are staked the more the reward.  
  
Upon the official launch of the network's token in 2021, a massive price swing occurred. From $640 to $250, prices dropped in the early hours of its launch [\[15\]](#cite-id-lud8ywxrx1o) with over 469,213,710 coin in circulation due to being listed in quick succession on several major crypto exchanges. A day after the launch, prices recovered at about 70% from the previous, but subsided soon after. Investors supported its growth, sold and bought dips and since then, prices have been at the minimum and decreasing. Despite this, the network is presently vaulting into the top 10 valuable digital tokens space among known names as [Ethereum](https://iq.wiki/wiki/ethereum), [Bitcoin](https://iq.wiki/wiki/bitcoin), [Dogecoin ](https://iq.wiki/wiki/dogecoin)and others.  
  
## **Tokenomics**  
  
Coin base Pro exchange first saw the trading operations of the Internet Computer (ICP) tokens. There are two native tokens involved on the Internet Computer network, and they include  
  
* **ICP** an exclusive control token for managing the network  
* **Cycles** a stable coin used to support computation, similar to the "gas fee" for Ethereum. Just that users do not need to pay for gas fee when working with Canisters, unless transactions are involved.  
  
ICP token is the used more and can be locked in the **Network Nervous System (NNS)**, an algorithm protocol system that runs the network. They can also be converted into cycles, as gas fee for computation using containers. This process involves burning ICP tokens to convert to Cycles for computation and it is termed deflationary.  
  
$$widget0 [YOUTUBE@VID](H2p5q0PR2pc)$$  
  
### ICP Functionality  
  
The ICP token helps with the operation of the Internet Computer blockchain and the following outlines its core use cases.  
  
* The node(s) that offers storage infrastructure to the Internet Computer Blockchain receives **ICP rewards**.  
* ICP holders can stake their tokens to create Neutrons and vote on proposals related to core aspects of the Internet Computer.  
* ICP serves as fuel for storage or computation.  
* it serves as a transaction fee when submitting new proposals to the NNS.  
  
**ICP Burns Cycle Analysis**  
![ICPtoCycles.jpg](https://ipfs.everipedia.org/ipfs/QmW2oSkRyMRCxrFftwvFe3rWxSZ8iCkHjozs4qJ8LLimfB)  
  
## **Market Cap**  
  
The current live market cap of the ICP is over $1.4 billion ranking #38 in the CoinMarketCap [\[17\]](#cite-id-au66tht8qdj)  
  
## **The Future of Internet Computer (ICP)**  
  
The Internet Computer plans to become a solid competition and alternative to today's internet within the next decade. Announcing the 20 Year Map in the Medium article [\[18\]](#cite-id-rlxi61fakz), the Internet Computer plans to obviate the companies controlling the present centralized internet, such as Facebook, Google, Microsoft and Amazon.  
Although the project has received a series of backlash, in the long run, the ICP token and its blockchain promises to be a assuring investment.

The Internet Computer Overview, History and Tokenomics. 

Internet Computer (ICP)

**BrainDAO** is the governing DAO of the [IQ ](https://iq.wiki/wiki/iq)ecosystem. BrainDAO's mission is to build a more intelligent future through the IQ token. The DAO is collectively made up of all IQ token stakers and governs the token. On October 11, 2022, BrainDAO launched [IQ.wiki](https://iq.wiki/wiki/iqwiki), the world's largest cryptocurrency encyclopedia. [\[8\]](#cite-id-w53ciny3jo) [\[7\]](#cite-id-a6k141oxvz5) [\[6\]](#cite-id-cy4957webq) [\[2\]](#cite-id-qffzihyslsg) [\[1\]](#cite-id-tp3zbdugr5)  
  
# Overview  
  
BrainDAO was formed in December of 2021 with the mission of building a more intelligent future through the IQ token. The DAO manages the IQ token which powers the IQ.wiki platform. BrainDAO also acts as the treasury of the IQ token and is governed by IQ stakers. BrainDAO is led by Galaxy Brain [Navin Vethanayagam](https://iq.wiki/wiki/navin-vethanayagam) and Chief Brain Officer [Cesar Rodriguez](https://iq.wiki/wiki/cesar-rodriguez). Blockchain Developer [Justin Castillo](https://iq.wiki/wiki/justin-castillo) works with Cesar to manage BrainDAO's team of designers, engineers, and project managers. [\[3\]](#cite-id-bft1ec0zvgi)  
  
# IQ.wiki  
  
On October 11, 2022, BrainDAO launched IQ.wiki, the world's largest cryptocurrency encyclopedia. IQ.wiki is the flagship [decentralized application](https://iq.wiki/wiki/decentralized-application) of the IQ ecosystem. For more information on IQ.wiki see the [IQ.wiki page](https://iq.wiki/wiki/iqwiki). [\[4\]](#cite-id-0vg2io9qrdzi)  
  
## IQ Token  
  
On November 1, 2022, BrainDAO implemented the largest update to the IQ infrastructure and tokenomics since its launch in 2018. For more information see the [IQ token page](https://iq.wiki/wiki/iq).  
  
## Treasury  
  
BrainDAO’s portfolio of [Ethereum](https://iq.wiki/wiki/ethereum), IQ tokens, [stablecoins](https://iq.wiki/wiki/stablecoin), blue chip [NFTs](https://iq.wiki/wiki/non-fungible-token-nft), and other digital assets back the value of the IQ token. By September 2022, the BrainDAO treasury amassed over $2 million in wrapped ethereum and over $5 million in total assets. The IQ token is backed by the BrainDAO treasury and the treasury is fully governed by IQ token stakers. The treasury accumulated ETH over time through [Olympus](https://iq.wiki/wiki/olympus-dao) Pro bonds. The BrainDAO treasury has also accumulated [FRAX](https://iq.wiki/wiki/frax-finance) stablecoins through the Time-Weighted Average Market Maker (TWAMM) on Fraxswap. [\[7\]](#cite-id-a6k141oxvz5)  
  
![image](https://ipfs.everipedia.org/ipfs/QmVuqGUkJQqmTZujPj2cTCFUHTgTyCZT8MDHiLigvy1vWH)  
  
# BrainApe  
  
In May 2022, BrainDAO acquired [Bored Ape](https://iq.wiki/wiki/bored-ape-yacht-club) #9665, a rare 4T pink fur Ape who the DAO named BrainApe who serves as the mascot for BrainDAO and IQ.wiki.[\[3\]](#cite-id-qffzihyslsg) BrainApe is officially owned by all IQ holders and BrainDAO is able to use the ape's IP to create derivatives for IQ stakers. BrainDAO is also able to mint and claim NFTs reserved for BAYC holders. The acquisition of BrainApe happened after IQ stakers voted in favor of a proposal to acquire Blue Chip NFTs like Bored Apes titled IQIP-10: BrainDAO To Acquire Blue Chip NFTs to Distribute NFT Derivatives and Intellectual Property to IQ Stakers. [\[4\]](#cite-id-bft1ec0zvgi) [\[5\]](#cite-id-lnd5qr3gea)  
  
In May 2022, IQ stakers also voted to give Bored Ape #9665 the name BrainApe. The community voted to name the ape with their HiIQ from the following options: BrainApe, BrainiesApe, BrainyApe, and High IQ Ape. [\[4\]](#cite-id-bft1ec0zvgi)  
  
In August 2022, BrainApe became available for licensing on feature.io, a Web3 studio and licensing platform that has worked with Coinbase, Netflix, and more. BrainApe can earn licensing fees for BrainDAO by becoming the star of the film franchise, videogame, TV series, clothing brand, or advertising campaign.[\[4\]](#cite-id-0vg2io9qrdzi)  
  
![image](https://ipfs.everipedia.org/ipfs/QmevSmScxmQUbho8LXbWmZ3cmcYRdGn4StsiafREKkaoSK)

BrainDAO is the governing DAO of the IQ ecosystem. BrainDAO's mission is to build a more intelligent future through the IQ token.

BrainDAO

Ivan Liljeqvist (born on August 12, 1996) is a Swedish developer, entrepreneur, and YouTube personality based in Stockholm. He is known for his channel *Ivan on Tech*, which focuses on [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) and [blockchain](https://iq.wiki/wiki/blockchain) commentary.[\[1\]](#cite-id-z7tavd161s)[\[4\]](#cite-id-pfb8l5b7oy)[\[17\]](#cite-id-u9zu67y96wh)  
He is also the founder of Moralis, a web3 development platform for developers to build and launch games, apps, and [NFTs](https://iq.wiki/wiki/non-fungible-token-nft-1) cross-chain. As of September 2022, the web3 platform has empowered over 60,000 students.[\[3\]](#cite-id-ywg26qae0os)  
  
## Personal life  
  
Ivan Liljeqvist was raised in Belarus' Minsk. He relocated from Minsk to Jönköping when he was nine years old and continued his tutoring in Sweden after that. Ivan quickly developed an exceptional interest in programming and began creating games and applications during middle school. Ivan on Tech has always loved technology. At nine years old, his mother who was a mathematician gifted him a book on HTML. He believed the HTML book would be helpful in his quest to learn how to develop video games. Ivan speaking on this in an interview with Forbes said:  
  
> My mom gave me this book, and on the cover of the book it said, ‘Here's how you can make websites,’ as if this book will teach you how to make websites. I was a bit disappointed when I finished it, because I could only do some simple things in HTML.[\[9\]](#cite-id-znbx0gfyb5)  
  
Ivan later went on to learn Javascript so he could make games like RuneScape, an old favorite of his.[\[9\]](#cite-id-znbx0gfyb5)  
![Ivan-On-Techs-girlfriend-10-633x1024-1.png](https://ipfs.everipedia.org/ipfs/QmZ9XVFKKAMdXke5v3hDvUZetpnJ1hXsidubaLj1e7Q6Zq)*Ivan Liljeqvist (Ivan on Tech) with his girlfriend Lizettekuld.*  
  
Ivan relocated to Stockholm in 2014 to focus on PC innovation as a Computer Science student at KTH Royal Institute of Technology after leaving the IB line. He finished his studies in 2019, he was a colleague of [Everipedia](https://iq.wiki/wiki/everipedia) Co-founder [Theodor Forselius](https://iq.wiki/wiki/theodor-forselius) in middle school.[\[8\]](#cite-id-lmkla76so3c)  
  
Ivan learned about [Bitcoin](https://iq.wiki/wiki/bitcoin) from a friend in 2013 who had told him about it. Bitcoin then was in the bull market rising from $30 to $1,000. Shortly thereafter, the market collapsed and a new bear market began. Despite Bitcoin’s price collapse from $1,000 to $200 during that time, [blockchain](https://iq.wiki/wiki/blockchain) technology was fascinating to him. Ivan studied blockchain from 2014-2017.[\[9\]](#cite-id-znbx0gfyb5)  
  
[Ethereum’s](https://iq.wiki/wiki/ethereum) 2015 launch helped him discover potential use cases beyond digital gold or electronic cash. Ethereum’s Solidity programming language, which is similar to JavaScript, provided a new way to build applications on a blockchain network. Ivan learned Solidity and how to build [dApps](https://iq.wiki/wiki/decentralized-application).[\[9\]](#cite-id-znbx0gfyb5) In 2017, While he was working as a programmer at Ericsson, Ivan started his YouTube channel, mainly as a way to share his knowledge about programming and technology in general.  
  
As of September 2022, Ivan is dating Lizettekuld who used to appear on his Instagram posts. She is the head of the people Moralis web3.[\[8\]](#cite-id-lmkla76so3c)  
  
Ivan Liljeqvist is fluent in four languages, Swedish, English, German, and Russian.[\[6\]](#cite-id-q7oihu0p27m)  
  
# Career  
  
## Early Career  
  
Ivan has created mobile games and apps for Android (OS) and iOS, his first being Zombie River.[\[6\]](#cite-id-q7oihu0p27m) He later created Angry Clouds, a game that measured the player's cognitive ability to multitask.[\[6\]](#cite-id-q7oihu0p27m) Ivan was the Founder and Developer of SimKoll, a platform for swimmers and coaches to measure their progress, and was available cross-platforms on a website as well as an app.[\[6\]](#cite-id-q7oihu0p27m)  
  
Ivan was a software developer for iOS and watchOS for Ericsson and later worked with machine learning for self-driving cars in a collaboration between Ericsson and Volvo.[\[6\]](#cite-id-q7oihu0p27m) Independently, Ivan created successful apps such as Zpotdrop (which creates the back-end infrastructure), the dating app Maybe Meetings, and the SOON app.[\[6\]](#cite-id-q7oihu0p27m)  
  
## Ivan on Tech (YouTube Channel)  
  
In January 2017, Ivan launched his tech-focused YouTube channel, *Ivan on Tech* while he was working as a programmer at Ericsson. On the channel, he covers topics like programming, [blockchain](https://iq.wiki/wiki/blockchain), and other relevant topics. Speaking about the channel launch, Ivan said:  
  
> I had the mindset that I didn’t need a huge following, maybe just a few thousand people, because then I could show potential employers that people listen to what I have to say, so hire me. Also, my English was so bad at that time, I thought at least I could learn English by doing YouTube.  
  
He started creating videos on coding and technology in general. But one day he created a video about [Ethereum](https://iq.wiki/wiki/ethereum). Compared to the other videos, it did better. He observed a high demand for crypto content, and since he was passionate about [cryptocurrency](https://iq.wiki/wiki/cryptocurrency), it was a good fit. He'd discovered his niche. The Ethereum video received thousands of views after receiving only a few hundred for the videos that came before it. He continued to produce crypto videos and has become well-known in the industry over the years. He attributes his achievement to hard effort, talent, and good fortune.[\[9\]](#cite-id-znbx0gfyb5)  
He said:  
  
> I didn’t expect crypto to have that much of an audience on YouTube. That day, when I created the Ethereum video, I didn’t know what else to create. So I thought, let me do a video on Ethereum just to get a video out today. Good thing I did that, because it completely exploded.  
  
The channel was one of the leaders in its industry in May 2020 with 227,000 endorsers. Many of his videos include the tagline "Programmer explains..." Ivan's videos explain how different [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) work and function, including [Bitcoin](https://iq.wiki/wiki/bitcoin), [Ethereum](https://iq.wiki/wiki/ethereum), [EOS](https://iq.wiki/wiki/eos), [Iota](https://iq.wiki/wiki/iota), [Golem](https://iq.wiki/wiki/golem-network), etc. Ivan on Tech reached 89,000 followers on Twitter in 2020.[\[7\]](#cite-id-e9f4kmpbnnw) He also started Ivan on Tech Russian, a cryptocurrency-themed Youtube channel for Russian-speaking audiences.  
  
As of September 2022, Ivan on Tech has over 491,000 YouTube subscribers and is among the top 10 crypto YouTubers in the world.[\[10\]](#cite-id-qsgbq9o7xmk)[\[11\]](#cite-id-fbkwdyf75z)  
  
### YouTube Ban  
  
The YouTube purge of 2019 saw crypto content creators' videos and channels taken off YouTube including Ivan on Tech. The suspension restricted Ivan on Tech from uploading videos, live streams, or stories for a set period of time, based on the number of strikes received or violations committed.[\[12\]](#cite-id-1jivlm3kg1c)[\[13\]](#cite-id-31m3n1yobhw)  
  
According to Ivan, the Purge was a blessing in disguise as he prompted him to encourage his YouTube subscribers to sign up on the Ivan on Tech mailing list so he could send them updates. It also forced all the influencers to get together and strategize on how to get their channels back. Following the uproar from the crypto community on Twitter at the time, YouTube moved to reinstate the affected cryptocurrency channels and videos.[\[13\]](#cite-id-31m3n1yobhw)  
Ivan said:  
  
> We had a group on Telegram, where we organize ourselves, and we could get as much noise out on Twitter as possible, so YouTube finally responded, and finally said that it was a mistake.[\[9\]](#cite-id-znbx0gfyb5)  
  
## Ivan on Tech Academy  
  
Ivan On Tech Academy was founded in 2017 by Ivan and Filip Martinsson. Ivan On Tech Academy is a leading online university for [blockchain](https://iq.wiki/wiki/blockchain), [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), and programming. Ivan and Filip came to the realization that there was a lack of awareness and accessibility to blockchain technology. As a result, they made the decision to act independently and established Ivan on Tech Academy with the aim of empowering people everywhere by teaching them about blockchain and programming. Its vision is to become the number one go-to place for blockchain and cryptocurrency education in the world.[\[14\]](#cite-id-o5hxoi2p7y)  
  
The Academy has on offer hundreds of hours of on-demand video courses, assignments, quizzes, homework, and also programming challenges. The courses range from introductory courses on [Blockchain](https://iq.wiki/wiki/blockchain), [Bitcoin](https://iq.wiki/wiki/bitcoin), and programming to Smart Contract Programming, Bitcoin Programming, and Blockchain Business Masterclass.[\[16\]](#cite-id-pd49kb8o02f) Over 60,000 students have joined the platform since its launch.[\[3\]](#cite-id-ywg26qae0os)[\[15\]](#cite-id-7fi31bqf05v)  
  
### Ivan on Tech Academy Becomes Moralis Academy  
  
![21_10_Moralis-Academy-Rebrand-Ivan-on-Tech.jpg](https://ipfs.everipedia.org/ipfs/QmQmRUs8acQY332dgvQgd4YT4uBcYwv1yNxXDK4Ph9xaQN)*Ivan on Tech Academy Becomes Moralis Academy*  
  
In October 2021, Ivan on Tech Academy became Moralis Academy. This introduced additional tools and features to the platform. Moralis is a Web3 development platform for quickly developing web3 apps, [dApps](https://iq.wiki/wiki/decentralized-application), and deploying [DeFi](https://iq.wiki/wiki/defi) projects. Moralis provides developers with a readily available blockchain backend infrastructure to develop dApps.[\[19\]](#cite-id-se8h3s5v2d)  
  
Ivan had this to say about the name change:  
  
> We felt the time was right to now change Ivan on Tech Academy into Moralis Academy. This will allow us to bring even more great courses, features, and content to Moralis Academy.[\[19\]](#cite-id-se8h3s5v2d)  
  
### Kasta Partnership  
  
On November 23, 2021, Kasta, a blockchain alternative to mainstream mobile payment services announced its partnership with Moralis Academy. Kasta's mission is to make cryptocurrency payments convenient worldwide. The partnership will benefit from Ivan's knowledge and experience as well as the opportunity to create a more accessible payment platform. According to Kasta, working with Ivan’s community and Moralis will enable them access to an invaluable audience to which they can customize their features and expand their global reach.[\[18\]](#cite-id-fszhps14b6j)  
  
## Awards and Recognition  
  
* Ivan is a member of Nova and the Association for Computer Machinery and has won the "Best Applicability Prize in a Design Competition organized by KTH.[\[3\]](#cite-id-ywg26qae0os)  
* In 2018, he was named Blocktech person of the year, by BTCX.  
* In 2019, he was named the digital trainer of the year by, the IT company Consid.

Ivan Liljeqvist is a Swedish developer, entrepreneur, and YouTube personality based in Stockholm.

Ivan on Tech

**Cappasity** is a scalable platform for creating, embedding, and analyzing 3D and Virtual Reality/Augmented Reality content.[\[1\]](#cite-id-02200u48yg3t) Cappasity provides a solution for interactive visualization of products in 3D, which creates an immersive shopping experience for e-commerce.  
  
# Overview  
  
Cappasity lets companies create & deliver 3D/VR/AR experiences to blur the line between online and in-store shopping. It is a scalable and an easy-to-adopt solution for complex e-commerce projects that only takes 3 minutes/SKU to create a 3D and embed it into a store.  
  
> Our clients see higher conversion rates (10-30% increase), 6x higher dwell time in the product page, less returns, and less customer inquiries when their products have interactive 3D images.  
  
The platform also provides unique 3D analytics tool based on Artificial intelligence to track customers’ online behavior and ensure the best product presentation online.  
  
It also detects real buyers among site visitors to run more efficient marketing and ad targeting campaigns. Cappasity 3D format can also be used in Virtual Reality/Augmented Reality apps and for digital signage in brick-and-mortar stores to power an omnichannel customer experience.  
  
Cappasity launched its platform and 3D digitizing software in 2018.[\[2\]](#cite-id-l1yaailzlu9)  
  
# Products  
  
Cappacity offers various products to users and business owners which can help to grow their businesses. [\[4\]](#cite-id-gg712t74cgv)  
  
### Easy 3D Scan  
  
It is a software for 3D product imaging and enables users to create and embed 3D Views into their online stores, mobile apps, and AR apps. It makes the shopping experience more captivating. The software is free and available on the Windows and iOS platforms.  
  
### 3DShot App  
  
With the 3DShot app, a user can easily create and share interactive 3D views and record 3D reviews. In addition, they can also share those on social media and post them on popular marketplaces and portals. This app helps small and medium-scale enterprises, marketplaces, etc., to expand their businesses.  
  
### AR Shopping  
  
Cappacity enables users to showcase interactive 3D images in Augmented Reality (AR)  which brings the in-store experience much closer to the customer and they can actually feel like they are store browsing at home. This helps a customer to take a closer look at the product before finalizing it.  
  
### Cappasity.AI  
  
It is a 3D analytics tool that helps to track customer behavior, showing how they interact with 3D views and what they like and dislike about a product. Cappasity algorithms analyze the data to give a proper understanding that can help to improve products and indirectly help to increase sales..  
  
### Cappasity Virtual Try-on  
  
This enables customers to get personalized product recommendations and to digitally try-on selected products whether they shop online or in-store. This is based on machine learning, AI, and 3D technology, and it is a one-of-a-kind solution . Using this, customers can choose which is the right fit for them, and it improves the overall shopping experience and also results in fewer returns.  
  
# Token Economy  
  
CAPP utility token, an [Ethereum](https://iq.wiki/wiki/ethereum) [ERC-20](https://iq.wiki/wiki/erc-20) token, is issued as a payment solution for the Platform Services. The price of CAPP tokens depends on supply and demand for CAPP tokens and for the Service and can fluctuate based on market conditions. According to [coingecko](https://iq.wiki/wiki/coingecko) ,the total supply of CAPP token is 1,785,937,311 CAPP and it is available to trade on the [Kucoi](https://iq.wiki/wiki/kucoin)n exchange. [\[3\]](#cite-id-o36pu8v7gw)[\[7\]](#cite-id-wdeautqdggt)  
  
# Funding  
  
Cappasity has raised a total of $7.5 million so far till 2022 over eight funding rounds since their foundation in 2013. The latest funding round was a venture round held on November 1, 2021, and it raised a total of $1 million. Just before that, in May 2021, they managed to get funding of $2.1 million from private investors. [\[4\]](#cite-id-n0zckvpo4so)[\[5\]](#cite-id-v43z8mop8)[\[6\]](#cite-id-14h4fe7e4fp9)  
  
# Team  
  
| **Name** | **Position** |  
| ---- | -------- |  
| Kosta Popov | Chief Executive Officer |  
| Alex Chegaev | Chief technology officer |  
| Natalie Reyes | Director of Innovation and Strategic Partnerships |  
| Richard Emah | Sales Director |  


Cappasity is a scalable platform for creating, embedding, and analyzing 3D and Virtual Reality/Augmented Reality content.

Cappasity

**Baby Doge Coin** is a Deflationary meme coin built on the [binance smart chain](https://iq.wiki/wiki/binance-smart-chain) and operates on the [Ethereum](https://iq.wiki/wiki/ens) chain. It is the fastest-growing cryptocurrency of its kind.  
Baby Doge is created after [DogeCoin](https://iq.wiki/wiki/dogecoin) with 10x faster block speeds and cheaper gas fees since it's built on [Binance Smart Chain (BSC)](https://iq.wiki/wiki/binance-smart-chain).  
  
Baby Doge has learned a few tricks and lessons from his meme father, [DogeCoin](https://iq.wiki/wiki/dogecoin). New crypto was birthed by members of the [DogeCoin](https://iq.wiki/wiki/dogecoin) community.  
  
Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. He is Hyper-deflationary with an integrated smart staking system built in to reward you, so more baby doge coins are being automatically added to their wallet each transaction. Simply love pets, and watch your baby doge grow.[\[1\]](#cite-id-31asxir0xrl)  
  
So far, Baby doge has donated over $750,000 to help save dogs.[\[3\]](#cite-id-ieidfgojz6q)[\[4\]](#cite-id-zu5gl85igw)  
  
# Overview  
  
## Baby Meme. Big Dream.  
  
$$widget0 [YOUTUBE@VID](3PBJ3LLb75E)$$  
Baby DogeCoin was born on June 1st, 2021 to be a decentralized meme project with a purpose. Baby Doge is a fun meme with a serious mission to rescue dogs in need and bring crypto adoption to the mainstream with new concepts such as rewards, NFTS, decentralized exchanges, and credit cards for crypto payment on our website. Within the first 21 Days of birth Baby, [DogeCoin](https://iq.wiki/wiki/dogecoin) made history surpassing 100,000+ holders.  
  
Baby Doge has a total supply of 420 quadrillion Baby Doge Coins with 295 quadrillions currently circulating as 125 quadrillions (about 30%) have already been removed with coin burning. [\[6\]](#cite-id-yz60v0zyvfc)  
  
## Baby Doge Swap  
  
We are one of the first meme coins to offer a live decentralized swap directly on our website right after launch.  
  
## Baby Doge Card Pay  
  
We are one of the first meme coins to offer credit cards for crypto payments directly on our website.  
  
## Baby Doge Paw Wallet  
  
On our road map, our paw wallet will have users track their rewards gained from reflections, wallet balance, coin valuation, and more.  
  
## Baby Doge NFTs  
  
![1500x500.jpg](https://ipfs.everipedia.org/ipfs/QmTaaig2JV5TCd4pGAovWQtFmPxS9a5ZMyAKcUCcjAgARr)  
Baby Doge's largest project in the works is its NFT marketplace. It will allow users to create and buy/auction their own NFTs and plan to allow users to donate a % to help save dogs.[\[5\]](#cite-id-13wkgkb9ba)[\[10\]](#cite-id-ly24fmvh2td)  
  
## Baby Doge Swag  
  
A merchandise store for $BabyDoge holders to proudly support their favorite meme in the real world with the proceeds to benefit the project and help more dogs in need.  
  
# Values  
  
## Transparency  
  
Baby Doge is decentralized and supported by its community of enthusiasts. We encourage open communication and believe trust, transparency, and community are the 3 pillars of building longevity.  
  
## Community  
  
Baby Doge is one of the fastest growing and most loved communities in crypto we believe that only together we are strong. Community is everything and Baby Doge strives to include everyone from around the globe. We have multiple telegram channels dedicated to our international communities.[\[7\]](#cite-id-ye571iimtl)  
  
## Trust  
  
In the cryptocurrency market trust is paramount. That means full transparency not only in the community and development but also in security efforts. Baby Doge has been audited by third-party dessert finance and has burned and locked the majority of the LP tokens. No rug pulls here only cute baby doges.  
  
## Longevity  
  
Baby Doge is in for the long haul. The decentralized community is fostering and adopting long-term development of the ecosystem and foundation in efforts to drive real use cases and greater rewards beyond any temporary trends.  
  
# Network/Chain  
  
Binance Smart Chain (BSC) was developed as a means of utilizing solidity-based smart contracts with much greater speed and efficiency than other, competing chains. With decentralized exchanges on BSC offering lightning-fast swaps and extremely low fees, BSC has started to become one of the most widely used blockchains for Defi (Decentralized Finance). BSC uses a token protocol developed by the BinanceTeam called BEP-20. Known for 5-second block speeds much faster than doge with 1-minute block speeds.  
  
**The advantages of the Binance smart chain are:**  
  
It’s a proprietary blockchain, which will provide security and safety to all users and developers.  
  
Its native dual-chain interoperability will allow cross-chain communication and scaling of high-performance dApps that require a fast and smooth user experience. It’s EVM-compatible and will support all of the existing Ethereum toolings along with faster and cheaper transactions.  
  
Its on-chain governance with Proof of Staked Authority consensus, built on 21 validators who validate the transactions, will provide decentralization and enable significant community involvement.[\[8\]](#cite-id-8n5sx5rtc1j)  
  
# Ecosystem  
  
## Community-Powered  
  
Baby Doge is decentralized and owned by its fun, vibrant community. We welcome and embrace diverse perspectives to build Baby Doge into the best community in crypto. With a do-good mission of helping save dogs in need.  
  
## Instant Rewards  
  
For every transaction in the Baby dodge network, a 5% fee is distributed to existing holders. That means you earn more Baby Doge just by holding it in your wallet. Watch your Baby Doge grow every transaction!  
  
## Locked LP  
  
Liquidity tokens are burned and locked. Additionally, 5% of all transaction fees are added to liquidity.  
  
Here you can view LP holders:  
  
https://bscscan.com/token/0xc736cA3d9b1E90Af4230BD8F9626528B3D4e0Ee0#ba lances  
  
# Baby Doge Protocol  
  
Baby Doge employs 3 simple functions: Reflection + LP acquisition + Burn. In each trade, the transaction is charged a 10% fee, which is split in 2 ways.  
  
* 5% fee = redistributed to all existing holders  
* 5% fee is split 50/50 half of which is sold by the contract into BNB, while the other half of the BABY DOGE tokens are paired automatically with the previously mentioned BNB and added as a liquidity pair on Pancake Swap.  
* 30%+ of the total supply has been burned so far so 30%+ of the 5% redistributions are burned with every transaction they have a charity wallet with 2.2% of the total supply which receives redistributions to donate to our charity partners.[\[9\]](#cite-id-5t9zryg8mmh)  
  
# Partners and Exchanges  
  
* LBank  
* DigiFinex  
* Pancakswap  
* CoinmarketCap  
* ZT Global  
* gate.io  
* XT.COM  
* BscScan  
* Huobi  
* Bitmart  
* HotBitbitrue  
* OKEX[\[11\]](#cite-id-6rs52mmdbtv)  
  
# Roadmap  
  
## Phase 1  
  
* Marketing push to spread awareness  
* Website launch  
* 5000 telegram members  
* Meme development  
* Baby Doge is Born!  
  
## Phase 2  
  
* Influencer marketing push  
* Listing on coin gecko  
* Listing on coin market cap  
* 25,000 telegram members  
* 25,000 holders  
* Third-party audit  
* Voluntary donation for community + charity partnership  
  
## Phase 3  
  
* 100,000 holders  
* 100,000 telegram members  
* Airdrop  
* Large influencer marketing push  
* More memes from the community  
* Baby Doge Swap Credit Card For Crypto Integration.  
  
## Phase 4  
  
* 150,000 holders  
* increase marketing  
* Baby Doge Swap  
* Add way more memes  
* Website Redesign  
* Baby Doge Paw (Paw wallet tracker )  
  
## Phase 5  
  
* 300,000 Holders  
* Release Baby Doge Swap.  
* Release NFT marketplace, NFT collection.  
* Give away Tesla to the community  
* Memes. Everywhere.  
* $750k total donations to dog shelters.[\[2\]](#cite-id-4v9slt3btvo)

Baby Doge Coin is a Deflationary meme coin built on the binance smart chain.

Baby Doge Coin

**BitBoy Crypto** is a YouTube channel covering [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) news, project reviews, and trading advice. BitBoy was founded in January 2018 by Ben Armstrong.  
  
As of September 20212, the channel has over 1.4 Million subscribers and over 216,342,312 views and has created over 3.4K Videos.[\[1\]](#cite-id-9bbr94c6kfb)[\[2\]](#cite-id-dqan521967a)[\[3\]](#cite-id-7km8pkz1ylt)[\[4\]](#cite-id-34x742rjj3s)  
  
BitBoy Crypto is a verified [Brave (web browser)](https://iq.wiki/wiki/basic-attention-token) creator.[\[13\]](#cite-id-jbkp5fpgof)  
  
# About  
  
## Entry into Cryptocurrency  
  
Armstrong first invested in [Bitcoin (BTC)](https://iq.wiki/wiki/bitcoin) in 2012. After studying the industry for nearly six years, he started the BiBoy Crypto YouTube channel on February 7, 2018, to share his knowledge with aspiring investors. [\[5\]](#cite-id-9ab356a3k9)  
BitBoy Crypto is the place where anybody can get the latest crypto news, project reviews, and cryptocurrency trading advice. Users can learn about different altcoins, and their torical Bitcoin cycles, & get the latest [Ethereum ](https://iq.wiki/wiki/ethereum-classic)news.  
$$widget0 [YOUTUBE@VID](Ok9gw94DFWc)$$  
BitBoy Crypto reports on the top [bitcoin](https://iq.wiki/wiki/bitcoin), [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) & [blockchain](https://iq.wiki/wiki/blockchain) news stories from around the web, With some stories containing exclusive reporting only found on BitBoyCrypto.[\[14\]](#cite-id-8c9nusfjvjf)  
Ben Armstrong is a Crypto YouTuber, Creator of BitBoyCrypto.com, Coach, Investor, & Husband. Ben works hard to educate and inform the crypto community on the latest happenings in the crypto space, whereby making his channel one of the best and trusted.  
  
Ben Armstrong is one of a handful of influencers who have gained huge followings by offering cryptocurrency advice. Critics say it’s a profession riddled with ignorance, conflict, and moral hazards.[\[15\]](#cite-id-c9vb15ob4hu)  
  
# Social media presence  
  
## YouTube  
  
Since the channel's inception in early 2018, BitBoy Crypto has become one of the most recognized channels related to [Bitcoin (BTC)](https://iq.wiki/wiki/bitcoin) and the [Blockchain](https://iq.wiki/wiki/blockchain) industry. In February 2021, the channel crossed over 500,000 subscribers. [\[6\]](#cite-id-drdqcs3hnb4)  
  
On the channel's website BitBoyCrypto.com, visitors get access to exclusive stories outside of other [Cryptocurrency](https://iq.wiki/wiki/cryptocurrency) news sources. [\[8\]](#cite-id-13v6re8ph0jf)  
  
The most viewed videos on the channel are titled, "Chamath Palihapitiya Warns ETH Holders! ([Ethereum](https://iq.wiki/wiki/ens) to ZERO!)", "6 [Altcoins](https://iq.wiki/wiki/altcoin) That Will 1000x in 2020 \| Crypto Gems"\, and "Ethereum Heading To $50k $How ETH Flips Bitcoin$"\. [\[7\]](#cite-id-1cwkx33i6ri)  
  
He also used to run the Beards and Bitcoins (Podcast). [\[9\]](#cite-id-51k5jqxvpgg)  
  
## Instagram  
  
Under the handle, "bitboy\_crypto", Armstrong has a following of over 474,000 on the platform. His posts consist of [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) memes and informative news related to the industry. [\[10\]](#cite-id-vp131jn565s)  
  
He is also active on Facebook, with a following of over 153k [\[11\]](#cite-id-aa2x9mgj9iq)  
  
# BitBoy Crypto News  
  
BitBoy Crypto News is a website dedicated to educating & informing the public on [Bitcoin](https://iq.wiki/wiki/bitcoin) & [cryptocurrency](https://iq.wiki/wiki/cryptocurrency). BitBoyCrypto.com has exclusive stories that provide a different perspective on the news than many readers get from traditional crypto news sources.[\[12\]](#cite-id-ca7ecvmi3ar)

BitBoy Crypto is a YouTube channel covering cryptocurrency news, project reviews, and trading advice. 

BitBoy Crypto

**Olympus DAO** is a decentralized reserve currency protocol powered by the [OHM](https://iq.wiki/wiki/ohm) token. Olympus DAO includes its own protocol-managed treasury, bond mechanism, and staking rewards that are designed to control supply expansion. [Olympus DAO](https://iq.wiki/wiki/olympus-dao) also offers Olympus Pro, a Bonds-as-a-Service protocol that helps projects develop their own protocol-owned liquidity.[\[1\]](#cite-id-fa64w21wft)[\[2\]](#cite-id-g2xat30ttfu)[\[3\]](#cite-id-z4ghoaoi6v)  
  
## Overview  
  
Olympus is a decentralized reserve currency protocol based on the OHM token. Each OHM token is backed by different assets in the Olympus treasury. While it started with only holding DAI in its treasury, it evolved to include more coins such as FRAX, LUSD and ETH, as well as LP tokens such as OHM/DAI LP tokens from [SushiSwap](https://iq.wiki/wiki/sushiswap).[\[4\]](#cite-id-51wpmrxc4vq)  Olympus also has staking and bonding features. Stakers stake their OHM tokens in return for more OHM tokens, while bonders provide LP or DAI tokens in exchange for discounted OHM tokens after a fixed vesting period. Governance participants can get involved on the Olympus and through discussions on the Olympus and servers.[\[5\]](#cite-id-7er33tbubl3)  
  
The main benefit for stakers comes from supply growth. The protocol mints new OHM tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. The main benefit for bonders comes from price consistency. Bonders commit capital upfront and are promised a fixed return at a set point in time; that return is in OHM and thus the bonder's profit would depend on OHM price when the bond matures. Bonders benefit from a rising or static OHM price.[\[6\]](#cite-id-mt6dh9ir72d)  
  
## Staking  
  
Stakers stake their OHM tokens on the Olympus website to earn rebase rewards. The rebase rewards come from the proceed from bond sales, and can vary based on the number of OHM staked in the protocol and the reward rate set by monetary policy. When a user stakes, they lock OHM and receive an equal amount of sOHM. The user's sOHM balance rebases up automatically at the end of every epoch. sOHM is transferable and therefore composable with other DeFi protocols. When a user unstakes, they burn sOHM and receive an equal amount of OHM. Unstaking means the user will forfeit the upcoming rebase reward.[\[7\]](#cite-id-wpvmu58b06c)  
  
## Bonding  
  
The bonding feature allows Olympus to acquire its own liquidity and other reserve assets such as LUSD (Liquity USD) by selling OHM at a discount in exchange for these assets. The protocol quotes the bonder with terms such as the bond price, the amount of OHM tokens entitled to the bonder, and the vesting term. The bonder can claim some of the rewards (OHM tokens) as they vest, and at the end of the vesting term, the full amount will be claimable. Bonding is an active, short-term strategy. The price discovery mechanism of the secondary bond market renders bond discounts more or less unpredictable. Therefore bonding is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking. Bonding allows Olympus to accumulate its own liquidity, POL. More POL ensures there is always locked exit liquidity in Olympus trading pools to facilitate market operations and protect token holders.[\[8\]](#cite-id-azb08e6irgi)[\[9\]](#cite-id-74iw32fjcnu)  
  
## Audits  
  
The first audit by PeckShield was completed in April 2021. It covered all deployed smart contracts at the time. The second audit by Omniscia was completed in May 2021. It covered treasury, distributor, staking, and bonding smart contracts at the time.[\[10\]](#cite-id-3muyrejrth)  
  
## Olympus V2  
  
In October 2021, Olympus DAO announced Olympus V2 introducing several new features.[\[12\]](#cite-id-nw927255hn)  
  
### On-Chain Governance  
  
Stakers take full control of protocol contracts through the implementation of Compound's Governor Bravo. Olympus began with a guardian multisig, followed by an on-chain governed Treasury, followed by on-chain governed bonds. On-chain governance now occurs through the gOHM token (previously called wsOHM). Users can now stake directly into/out of gOHM, saving time and gas.  
  
### Bonds  
  
* Bond payouts are staked at the time of purchase. Rather than requiring bonders to factor in missed rewards when considering a discount, they are now earned by default.  
* Bonds no longer vest linearly. Instead, bonders must wait until the end of their term to redeem. This illiquidity is enabled by staking bond payouts and creates a form of locked staking that will save money by removing the incentive to incur wasteful gas transactions through frequent redemption.  
* New bond types are created as isolated offerings. Each bond has a maximum amount of OHM that can be paid or a maximum amount of principal that can be purchased and, once exceeded, the bond is retired.  
* Bonds can be held as NFTs. This enables liquid secondary bond markets.  
* Bonds can be both fixed-term (one that pays the same level of interest over its entire term) or fixed-expiration (where the maturation date is the same for all who buy that bond). Fixed-expiration bonds can be wrapped into a fungible token and traded like any ERC20 token.  
* Bonds offer a front-end reward. This will incentivize third parties to run front-ends for Olympus, reducing single-point-of-failure risk.[\[13\]](#cite-id-9v25s8s83ac)  
  
# Olympus Pro  
  
***  
  
Olympus Pro is protocol-owned liquidity-as-a-service created by the Olympus DAO, providing a custom treasury and bonds optimized to individual needs. Through bonds, protocols can accumulate the crucial infrastructural liquidity that they generally service via liquidity mining. Instead of renting that liquidity (often at high-interest rates), they purchase it, turning a value-draining perpetual expense into revenue-producing assets that facilitate the functionality of the rest of the platform.[\[14\]](#cite-id-tl2da9iia1)[\[16\]](#cite-id-pio9fleys6)  
  
Partners are featured on Olympus Pro X, a unified marketplace for bonds from a multitude of protocols. The marketplace will become the default destination for DeFi investors looking for discounted exposure to various tokens through this unique mechanism. Additionally, Olympus will provide its partners with co-marketing services, leveraging their community and brand to highlight new projects.[\[15\]](#cite-id-k4oib316m4)  
  
An end goal of Olympus Pro services is to promote OHM as a treasury asset and liquidity pair token for other protocols. Since the launch of Olympus Pro in September 2021, OP bonds have captured more than $9.35 million of liquidity from its first two cohorts of partners. The list of projects that used the Olympus Pro services includes [Frax Finance](https://iq.wiki/wiki/frax-finance), [Alchemix](https://iq.wiki/wiki/alchemix), [PoolTogether](https://iq.wiki/wiki/pooltogether), [BarnBridge](https://iq.wiki/wiki/barnbridge), Thorstarter, and others.[\[17\]](#cite-id-szokyzisemd)[\[18\]](#cite-id-nj1qbqpoate)  
  
# Olympus Grants  
  
***  
  
Launched in February 2022, Olympus Grants was designed to fill various gaps in the Olympus ecosystem by funding projects which support Olympus DAO’s initiatives but don’t fit into existing projects. Where a token swap, incubator investment, or yield-redirection is not quite appropriate, Olympus Grants will fill the gap.[\[24\]](#cite-id-ac6ck9g8vyu)  
  
The OGP(Olympus Grants Program) is funded with $1.5 M of DAO approved $OHM and is built to bolster the objectives of other departments such as Partnerships, Olympus Pro, Incubator, and Give in ways that require a more flexible funding mechanism. Grants will promote the core values of OHM such as building an inclusive econOHMy. This will help Olympus DAO take the cooperative economics of Web3 and greatly expand the reach and user experience of the Olympus ecosystem.[\[24\]](#cite-id-ac6ck9g8vyu)  
  
## Inverse Bonds  
  
Inverse Bonding is a new tool for [OlympusDAO](https://iq.wiki/wiki/olympus-dao) to increase $OHM’s liquid backing and absorb market volatility.[\[25\]](#cite-id-6glvemuu9n8)  
![0_TjLB_g_CMi1CEMZK.png](https://ipfs.everipedia.org/ipfs/QmcUp87Zh8e3ZLpy3qwvujq3BqXvf8B5uoFxCCiDLeFULx)Inverse bonds are part of an overarching strategy, defined in Olympus12, that seeks to produce value for Olympus holders through a strong Treasury. This cements OlympusDAO's position as the reserve currency and central bank of DeFi. Since its launch in March 2022, Inverse bonds allow Olympus to create a means to bring OHM out of circulation, which increases the backing per OHM on every inverse bond that is executed below liquid backing.[\[25\]](#cite-id-6glvemuu9n8)   
  
# Tokenomics  
  
***  
  
## Tokens  
  
### OHM  
  
OHM is a decentralized reserve currency backed by other decentralized assets. Each OHM is backed by 1 DAI, not pegged to it. Because the treasury backs every OHM with at least 1 DAI, the protocol would buy back and burn OHM when it trades below 1 DAI. This has the effect of pushing OHM price back up to 1 DAI. OHM could always trade above 1 DAI because there is no upper limit imposed by the protocol. [\[19\]](#cite-id-586l4r4025g)  
  
### sOHM  
  
Users receive sOHM when they stake OHM at a 1:1 ratio.[\[20\]](#cite-id-1r07t41ried)  
  
### wsOHM  
  
wsOHM is wrapped staked OHM. The non-rebasing wrapper is used to package up staked OHM in a non-rebasing container that can be transferred between chains. Currently, this token is supported on Ethereum, Arbitrum, and Avalanche (AVAX) networks.[\[21\]](#cite-id-bmqkktbcmyf)  
  
### Historical Tokens  
  
The tokens below are only relevant if a user has had OHM from the genesis block.  
  
### aOHM  
  
When OlympusDAO first launched, alphaOHM (aOHM) was used as a pre-allocation token which allowed the early participants to lay claim to OHM. Moving forward aOHM will serve as the in-game currency of, a community-led social game that runs on the blockchain. Other than that aOHM is not relevant to OHM or the operation of OlympusDAO.  
  
### pOHM  
  
pOHM, previously known as pOLY, is the presale token of Olympus. It was used to raise funds from private investors to bootstrap Olympus.[\[22\]](#cite-id-kgyut4x3sm8)  
  
# Partnerships  
  
***  
  
## Frax Finance  
  
In June 2021, Olympus DAO announced a partnership with [Frax Finance](https://iq.wiki/wiki/frax-finance). This partnership allows OlympusDAO to accumulate OHM-FRAX liquidity through the sales of bonds, and build up the Olympus treasury in the process. A few initiatives have been launched in light of this partnership, including OHM-FRAX bond and FRAX bond.  
  
## Rari Capital  
  
OlympusDAO collaborated with Rari Capital to create a Fuse pool that allows users to use their sOHM as collateral and borrow other assets against it.  Fuse is an isolated interest rate market by Rari Capital. Each pool in Fuse can support different types of assets and use different interest rate curves. To lend out sOHM and/or use it as collateral, users can enter the. In this pool, several assets are supported:  
  
* sOHM  
* USDC  
* DAI  
* ETH  
* FRAX  
  
## Abracadabra.money  
  
[Abracadabra.money](https://iq.wiki/wiki/abracadabramoney) is a lending platform that allows users to deposit interest-bearing tokens as collateral and borrow its native, USD-pegged stablecoin. On August 22, 2021, the platform started to accept wsOHM as collateral.  
  
## Vesta Finance  
  
![0_Sjhr-wotVTDc4mrq.png](https://ipfs.everipedia.org/ipfs/QmTN4mxvbPw4k61PHPdKuaBSpJfvdxeT2GRkaMPJm4BWge)*Vesta Finance x Olympus Incubator*  
  
Vesta Finance is a lending protocol on Arbitrum based on Liquity, with the added feature of multi-collateral and a set of governable parameters. On January 31, 2022, Olympus DAO announced that Vesta Finance has joined Olympus Incubator, which will bring utility to Ohmies and bring further value to the backing of OHM.[\[23\]](#cite-id-hpf4l1896lk)  
  
Vesta will provide Olympus with 6% of their governance tokens vested linearly over two years. In Q1 2022, Ohmies will be able to collateralize gOHM at 66% Loan to Value (LTV) and mint VST, Vesta’s dollar-pegged stablecoin at 0% interest with a small mint fee of 1.25%.[\[23\]](#cite-id-hpf4l1896lk)

Olympus DAO is a decentralized reserve currency protocol powered by the OHM token.

Olympus DAO

**Rebecca (Becky) Brook** is a [Blockchain](https://iq.wiki/wiki/blockchain) enthusiast and Business Development, Licensing & Strategy Consultant.[\[2\]](#cite-id-6rsc8hyoemg)[\[3\]](#cite-id-6ajvuo9peay)  
  
# Career  
  
Becky started her career in 2006, working at Warner Music Group in the position of Analyst and later Mobile Account Manager. In 2008, she quit the company to join Sony Pictures Entertainment as a Business Development Analyst. From 2010 to 2011, Becky served as a Business Development & Commercial Manager at SeeSaw.com.  
  
For two years, from 2011-2013, she worked at EMI Music, having the position of Global Digital Development Director. Up to 2016, Becky worked as a Vice President of Commercial Development/Head of Content Acquisition at Omnifone. Currently, she is a private Business Development, Licensing & Strategy Consultant.  
  
# Education  
  
Becky holds a B.Sc in Management from the University of Manchester Institute of Science and Technology.[\[4\]](#cite-id-v6oa7t05ao)  
  
# Services  
  
* Management Consulting  
* Public Speaking  
* Negotiation[\[1\]](#cite-id-be97gfuy8dg)

Rebecca Brook is a Blockchain enthusiast and Business Development, Licensing & Strategy Consultant.

Becky Brook

Netvrk is a multichain metaverse with tools enabling users to monetize their creations via NFT s and Virtual Land.

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