PRESS RELEASE. ShuttleOne, which is currently embracing Tezos as a project, will be soon driving adoption and liquidity.
Singapore: Tezos, the highly scalable, self-amending proof of stake blockchain protocol is opening its arms to ShuttleOne – a one of its kind Metachain solution aimed at addressing the fragmentation issues in the crypto industry. ShuttleOne will soon launch its $SZO native token on Tezos.
The operating system for Blockchain-based financial apps, ShuttleOne offers DeFi customers innovative products. The Metachain was created by ShuttleOne as part of its ambitious mission to develop a unified interface that allows dApps to work on different blockchain protocols.
Blockchain Interoperability becomes a Reality
ShuttleOne Metachain allows users to create and run blockchain-based apps on one interface. It can also operate on all supported blockchains without any protocol-specific modifications. To create interoperable applications, users can link their app to several blockchains via a single API. ShuttleOne employs artificial intelligence to prioritise transactions among the dApps and the best performing blockchain networks based upon security, cost, speed, decentralization, and transaction costs. The inter-compatibility between different blockchains is facilitated by Metachain bridge, which is a decentralized multi-blockchain two-way bridge and ShuttleOne’s native $SZO utility and insurance token.
ShuttleOne is currently operating on three different networks: Ethereum and Binance Smart Chain. Tezos being included as one of Metachain-supported blockchains at an early stage, and the addition of $SZO to Tezos make the protocol accessible to many DeFi/NFT projects who are constrained by Ethereum Network. Tezos-based solutions can also adopt the Metachain, which will allow them to appeal to a wider market. ShuttleOne plans to create the first ever 2-way blockchain bridge between Ethereum, Tezos or Binance Smart Chain networks.
Metachain Adds Liquidity To Tezos Ecosystem
Tezos has a reputation for being scalable, low transaction costs, and self-amending, which allows it to be upgraded easily without any forks. These factors make it one of most desired blockchain protocols for dApps or Web3.0 apps. Tezos’ advantages are being explored by more and more projects. However, inter-compatibility issues as well as the popularity of Tezos assets within the crypto community has held them back. The Metachain bridge allows them to forget all their worries and get started using Tezos without having to duplicate their work.
A Metachain dApp that uses Tezos Network will need to pay any transaction fees. They will be in $SZO, and will be settled by ShuttleOne using a native Tezos coin. Cross-chain liquidity will increase as Tezos protocol adoption increases. Metachain bridge not only supports transaction fees but also allows for transfer assets from one Blockchain to another. Tezos DeFi projects can use the Metachain Bridge to enable stablecoins, such as USDT and USDC to link to other Tezos chains to enhance liquidity.
“Metachain seeks to help unify the Defi ecosystem, currently at a TVL of $245b (see defillama.com) with a fully interoperable platform. With one settlement token issued by Tezos, blockchain users can transfer their digital assets seamlessly across DeFi bridges to trade or borrow them. This will reduce high fees and the risk of having their assets move cross-chain. TZ APAC looks to support Tezos blockchain-based solutions that can help create a more inclusive and sustainable financial system for the crypto markets.”- TZ APAC
ShuttleOne’s $SZO IDO on Instaraise
ShuttleOne has partnered with Instaraise, Tezos’ very first decentralized fundraising and incubation protocol to launch its $SZO token offering. At 12PM UTC on December 12, 2021 the $SZO IDO will be available. Participants will receive 200,000 $SZO in tokens over a 24-hour period, with two rounds lasting 12 hours.
More information about the $SZO Token offering on Instaraise is available at – https://medium.com/instaraise-official/shuttleone-szo-token-offering-on-instaraise-7b8aee1ac734
ShuttleOne uses a mix of blockchain and artificial intelligence to resolve fragmentation issues in DeFi. This platform is multichain compatible and unified for DeFi/Web 3.0 application development.
ShuttleOne – Connect
Instaraise, a totally decentralized crowdfunding and incubator platform in the Tezos ecosystem is called. This platform is designed to help projects build a solid foundation, raise funds, provide marketing support, growth in the community, and assist with ecosystem development.
Learn more about Instaraise at: https://instaraise.io
Join the Instaraise Community at: https://t/me/instaraise
Follow latest announcements: https://t.me/instaraise_ann
Follow Instaraise Twitter: https://twitter.com/instaraise
Read more about Instaraise on Medium: https://medium.com/instaraise-official
Tezos smart money redefines what it means for people to exchange and hold value in the digitally connected world. A self-upgradable and energy-efficient blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. Visit tezos.com for more details.
About TZ APAC
TZ APAC is a leading support entity for the Tezos community in Asia. The company designs blockchain value-added transformation strategies using a bottom up approach that is accessible to creators and enterprises. It also works closely with other stakeholders within the Tezos ecosystem, including blockchain experts.
TZ APAC, which is based in Singapore, is supported by Tezos Foundation.
Name: Tam Nguyen
Designation: Marketing Director
Contact Info: [email protected]
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