Crypto

BOSAGORA and Standard Protocol Have Formed a Strategic Business Partnership

BOSAGORA

On the 24th of November, 2021 – BOSAGORA has inked a strategic affiliation arrangement. A stablecoin protocol is called Standard Protocol.

BOSAGORA, a public blockchain platform specializing in the metaverse environment, is rapidly extending the metaverse ecosystem as a permanent chair of the MetaCity Forum. Aiitone, Uracle, BRI (Blockchain Research Institute, located in Canada), IBK Securities & Investment, KB Capital, Ethan & Alice Marketing, Telos, and BOSAGORA are among the forum’s members. Through the adoption of Metachain, a blockchain platform developed by BOSAGORA, on metaverse, the MetaCity Forum is working together to develop ‘MetaCity,’ where the real economy and virtual world are integrated for transparency and practical ecology.

On December 7th, the forum will co-host the ‘Global ESG Metacity Summit 2021’ with Namyangju City, both in the actual world and in Metacity. Don Tapscott, a management thinker who was admitted into the Thinkers50 Hall of Fame in 2019 after ranking #2 in 2017, has been invited as a keynote speaker at this summit.

Standard Protocol (STND) is the first collateralized redeemable stablecoin protocol that works across multichain ecosystems. It currently supports Ethereum and the Polkadot-based Shiden Network, with plans to expand to Polygon, Avalanche, and Metis (Ethereum Layer 2) by the end of 2021. Standard Protocol has its in-built DEX as a market maker and dedicated oracle, unlike other existing stablecoins, to assure the capital-efficient liquidation procedure and price stability of our stablecoin MeterUSD ($USM).

It has received funding from the Polkadot Web3 Foundation, the Shiden Network Builder Program, and Polygon’s #DefiForAll Fund for its technological prowess and worth. Furthermore, JPYC, a stablecoin linked to the Japanese yen, was recently registered in the Standard Protocol’s own DEX (Decentralized Exchange), bolstering the Defi (Decentralized Finance) sector.

BOSAGORA and Standard Protocol will collaborate in the following areas: DEX development linked to BOSAGORA MetaChain Support BOA Liquidity Providing and Farming at Standard Protocol DEXLiking up BOA MetaChain Standard protocol DEX Assist BOSAGORA’s expansion to Yearn Finance Ecosystem project ecosystemOthers that may require cooperation

“By working with Standard Protocol, we have created the framework for interworking with Polkadot and Polygon Network, which has been in the spotlight recently,” stated Inhwan Kim, president of BOSAGORA. To develop BOA’s blockchain ecosystem, we will continue to expand our relationship with aspiring worldwide projects.

What Is Bosagora’s Role and What Does It Hope to Achieve?

BOSAGORA intends to provide a decentralized, censorship-resistant blockchain platform where stakeholders (congress members) can vote on which projects to support through a democratic process. BOSAGORA aspires to be a democratic, legitimate, fair, transparent, and efficient organization.

The Author

Samuel Adeshina

Samuel is a financial reporter whose interests include blockchain, market, business, insurance, and Crypto to provide relevant information to all interested.