📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Blockchain newcomer introduces forex market to create a cross-chain Decentralized Finance ecosystem
The Innovative Application of Blockchain Technology in the Forex Market
The combination of blockchain technology and the forex market is opening up a new subfield, expected to address multiple pain points in traditional forex trading, and provide users with a better trading experience.
An emerging Blockchain project is dedicated to bringing decentralized technology into the fragmented and traditional forex market. By building a robust Blockchain infrastructure, the project aims to manage and process all transactions in this vast market. The project team recognizes that utilizing digital currencies such as stablecoins can effectively address the challenges faced by fiat currency exchanges. However, fiat currency holders currently find it difficult to access stablecoins directly, and the project is working to fill this market gap.
New Forces in the Cross-Chain Field
This emerging project is built on a foundational Blockchain based on the Cosmos SDK, designed specifically for decentralized applications. The protocol was established in December 2020, co-founded by two individuals. One of them previously worked at a well-known investment firm and has accumulated four years of experience in the Blockchain field, bringing strategic insights to the project. The other is an experienced engineer with over ten years of work experience in fields such as finance, energy, machine learning, private equity, and consensus systems, providing strong technical support to the team.
In November 2022, the project successfully raised $10 million through a round of financing, receiving support from several well-known investment institutions. This round of financing demonstrated the industry's broad recognition of the project's vision and technological roadmap, even though there was no clear lead investor.
Build a Complete Cross-Chain Staking Financial System
The project is known for its openness, permissionless characteristics, and high interoperability, supporting cross-chain token minting, trading, and stablecoin lending. Its innovative bridging technology facilitates cross-chain stablecoin transactions, acting as a decentralized exchange that enhances cross-chain liquidity.
By utilizing the Inter-Blockchain Communication (IBC) protocol, this project can seamlessly connect with other blockchains within the Cosmos ecosystem. Its core integration points facilitate interoperability between different blockchain ecosystems, ensuring a unified user experience. The project's native token secures the network through a proof-of-stake consensus mechanism. Token holders can earn staking rewards through delegation or validation, enjoy governance rights within the network, pay bridging fees, and can also serve as collateral for stablecoin issuance.
The project replicates existing financial infrastructure in a more decentralized and transparent manner. Its native token plays a key role in the ecosystem, used for governance, network security, and generating revenue from transaction fees.
Complete Product System
The project has built a series of products, including:
Blockchain network: Operates within the Cosmos ecosystem, utilizing Tendermint BFT consensus and IBC protocol. It serves as a robust P2P protocol for validating transactions and rewards validators for their contributions through a native token.
Decentralized Exchange: A powerful cross-chain DEX that supports efficient and liquid cryptocurrency trading. It integrates AMM and order book methods to facilitate trading of stablecoins pegged to major fiat currencies.
Multi-Currency Wallet: A non-custodial wallet that integrates the functionality of specific tokens, such as staking and governance. Users can access DeFi opportunities through a single QR login without the need for multiple wallets or browser extensions.
Reserve System: As the reserve bank of the protocol, it manages collateral and increases the total coin flow on the platform. This reserve further supports debt curve issuance, ensuring stable and predictable operations.
The project manages various digital assets through its reserve system, introducing fiat-pegged stablecoins into the DeFi ecosystem. These digital assets enable users to trade, lend, and mint stablecoins within the ecosystem, expanding the stablecoin economy not limited to dollar variants but also including euros, pounds, and yen.
The project maintains the value stability of the stablecoin through reserve ratios, minimum collateral ratios, and other control mechanisms, keeping it aligned with fiat currency. In addition, the project simplifies user access to the native tokens through debt curve issuance, achieved through deterministic pricing and a highly liquid market. This continuous token model replaces the traditional token pre-sale method, continuously minting new tokens based on demand and algorithmic pricing.