/biz/ - Business & Finance

>>58192417

Can we get some Everest ID redpills ITT?

You heard it here first Everest ID will soon be fully integrated into Chainlink for institutional adoption

>>56126690
The sheer tokenomics of Everest alone guarantees that one day 1 LINK = 1 ID. There are only 800,000,000 ID tokens which will be systematically burned by usage of features on the Everest platform, i.e. regulatory compliant KYCing. Not to mention every single institution in crypto and the legacy world wanting to onboard into DeFi will be forced to stake 250,000 tokens if they want full access to the features of Everest. It is not only well within the realms of possibility that 1 LINK = 1 ID given these tokenomics compared to Chainlink’s 1,000,000,000 model - it is an eventual guarantee. By the will of Kek and the All Father, this manifestation is destined to take place. Even if it takes Chainlink dumping further.

>In the coming few weeks, we are launching "tokenized crypto" on our chain. What does that mean, and why does it matter? First, it means that we can deliver BTC, XRP, SOL, Matic, XLM and others that typically ride on their own chain to EverWallets. All native BTC, XRP, SOL, etc will be held by Everest, and backed 1:1 as we always do. Delivering these effectively wrapped tokens also solves security issues that plague bridges (I believe the industry is well over $1B in bridges getting exploited), and users don't need to get a separate BTC or XRP wallets. Second, this means gas fees are $0.0001/txn, all consuming $ID......so, users of the fiat-in/out widget will be offered nearly free transactions compared with, for example $3-7/txn on Ethereum mainnet.

>On the regulatory front, we continue to prepare for the MiCA transition, and DESU I couldn't be happier about it. If we do nothing, we will receive our license. To give you a sense of value, estimates for a traditional financial institution to build themselves and get licensed is close to $20M. https://lnkd.in/e7sGTzb7.. Everest plans to go beyond what we have today, and offer electronic money tokens (EMTs) and asset-referenced tokens (ARTs). This means we will open EUR.c (tokenized euros that currently are issued and redeemed on our chain) to be redeemed by exchanges, merchants, other networks, and be able to custody EUR directly ourselves - a fully licensed custodian of fiat and crypto!

>It was great to see the US get some regulatory clarity as well. In case you missed the landmark decision regarding Ripple and more broadly the sale of tokens, I recommend you read the summary from Ripple's legal counsel here: https://twitter.com/s_alderoty/status/1679553612236881921

equalised ecosystem enablers

>>54498173

>>54450221

>>54362760
>>54365535
Let all who lurk and post itt bear witness to this clear manifestation of meme magic.

and now for my next manifestation, this one may take a lil longer fellas,

BY THE WILL OF KEK AND THE ALLFATHER
1 LINK = 1 ID

>>54248429
>>54248691
M A N I F E S T

The sheer tokenomics of Everest alone guarantees that one day 1 LINK = 1 ID. There are only 800,000,000 ID tokens which will be systematically burned by usage of features on the Everest platform, i.e. regulatory compliant KYCing. Not to mention every single institution in crypto and the legacy world wanting to onboard into DeFi will be forced to stake 250,000 tokens if they want full access to the features of Everest. It is not only well within the realms of possibility that 1 LINK = 1 ID given these tokenomics compared to Chainlink’s 1,000,000,000 model - it is an eventual guarantee. By the will of Kek and the All Father, this manifestation is destined to take place. Even if it takes Chainlink dumping further.

This bump will cause someone to seethe or make a low quality post.

The sheer tokenomics of Everest alone guarantees that one day 1 LINK = 1 ID. There are only 800,000,000 ID tokens which will be systematically burned by usage of features on the Everest platform, i.e. regulatory compliant KYCing. Not to mention every single institution in crypto and the legacy world wanting to onboard into DeFi will be forced to stake 250,000 tokens if they want full access to the features of Everest. It is not only well within the realms of possibility that 1 LINK = 1 ID given these tokenomics compared to Chainlink’s 1,000,000,000 model - it is an eventual guarantee. By the will of Kek and the All Father, this manifestation is destined to take place. Even if it takes Chainlink dumping further.

>>53476573
The Invisible Powers of the Universe smile upon those who see.

Again, a16z and Chainlink outlined theoretical architectures on how this can be achieved, but both theories require a “trusted 3rd party” that the government/regulator authorizes to be the custodian of such identity data and/or keys. Specifically, within the Chainlink proposal, the government would hold keys, and engage with the theoretical 3rd party with a valid request, and with the combination of keys be able to view the user’s data. Presently, all governments push obligations and costs of compliance to licensed & regulated entities. They are not interested in, nor planning on holding keys to check some mythical 3rd party identity custodian and compliance supplier. Governments/regulators do not necessarily trust regulated entities, which is why tier-one jurisdictions enforce 3rd party audits, checks & balances and other measures to ensure, for example, users’ identity data is not exposed.

The sheer tokenomics of Everest alone guarantees that one day 1 LINK = 1 ID. There are only 800,000,000 ID tokens which will be systematically burned by usage of features on the Everest platform, i.e. regulatory compliant KYCing. Not to mention every single institution in crypto and the legacy world wanting to onboard into DeFi will be forced to stake 250,000 tokens if they want full access to the features of Everest. It is not only well within the realms of possibility that 1 LINK = 1 ID given these tokenomics compared to Chainlink’s 1,000,000,000 model - it is an eventual guarantee. By the will of Kek and the All Father, this manifestation is destined to take place. Even if it takes Chainlink dumping further.

Anons, now that our board is back to being comfy, let's start discussing in a civilized manner.

As I udnerstand it, Cheqd wants to provide the same thing ID does - where are the key differences and which one should we lean into?

As for MC, Cheq is far below ID, though, Id seems to have some sus NWO ties and general black voodoo fuckery about it that just screams WEF.

Discuss

1 LINK = 1 ID

>>50795581

Live to win,till you die. Till the light dies in your eyes
Live to stack, Everest 100x not even a bil mcap. Day by day stack my ID /biz/ ain't caving in.