In todays edition InTheMarket:

• OpenDApps Cloud and DFI price

• Nucocloud and DMC

• DeFi Bets - Version 1 design released

• DeFiChain makes it to 4th place

• DeFiChain announcement of mainnet node software and hardfork date

Read time: 4 minutes

^Hey,

Welcome to a new edition of the InTheMarket newsletter! There are exciting news and developments in the world of DeFiChain. Let's get started right away!

Discussion on the impact of OpenDApps Cloud usage on DFI price

Twitter discussion with ShadowsCrypto, the CEO of OpenDApps Cloud, provides key insights into how the use of his platform could affect the price of DFI. Here are the main points:

• Monthly buying pressure: When a business requires payments in a blockchain's native currency (such as DFI for DMC), there is a steady buying pressure on the currency. The more customers the business has, the more of that currency needs to be purchased each month.

• Potential selling pressure: There is the objection that salaries are likely to be paid in fiat or BTC, creating selling pressure on the native currency. However, the company cannot sell more currency than it receives for its services. So, in the worst case, the net impact on the price of the native token is zero.

• Unmeasured TVL: Companies are likely to retain some native currency in their portfolio, contributing to unmeasured Total Value Locked (TVL).

• Transaction Burning: If the blockchain implements transaction burning, a company will always generate a net settlement greater than 0, as both payment for services and sales for salaries burn tokens. For companies with many customers, this can lead to significant token burn.

• Maintaining the blockchain without inflation: in a blockchain like DeFiChain, the largest percentage of rewards paid to miners currently comes from inflation. High business volumes can help the blockchain persist without inflation.

In summary, the more trades on the chain, the better it is, whether or not they contribute to the measured TVL.

Nucocloud, DeFiMetaChain and the road ahead together

I recently had the pleasure of speaking with Tobias Adler, CEO of Nucocloud, and look forward to welcoming him to my podcast InTheMarket soon. During our conversation, we touched on some very exciting points. You may be wondering, why is Nucocloud built on top of the DeFiMetaChain (DMC)? What exactly does Nucocloud do? And how does VanillaSwap fit into the picture?

First of all, what is Nucocloud?

Nucocloud is an innovative company that aims to revolutionize the world of cloud computing. It provides a decentralized cloud based on blockchain technology. This enables greater security, transparency and efficiency for users around the world.

But why did they decide to build on top of DMC? Well, DMC provides a robust and secure environment for rapid developments in the DeFi space by leveraging its construction on the Bitcoin network. This fits perfectly with Nucocloud's vision of a comprehensive multi-chain, cross-chain, blockchain platform. The integration of DMC further strengthens Nucocloud's existing capability.

The role of MetaChain

DMC's MetaChain, which launched its test network phase on June 10, 2023, brings a new dimension of innovation. Their smart-contract capabilities in a Turing-complete environment push the boundaries of what we can achieve together. This merger brings the recognized robustness and security of DeFiChain to Nucocloud's existing capabilities.

VanillaSwap and the future

Another exciting aspect is the collaboration between Nucocloud and VanillaSwap. Nucocloud is proud to be one of the first projects, if not the first, to list on VanillaSwap. This new decentralized exchange from VanillaSwap increases the accessibility and liquidity of Nucocloud's $NCDT token.

This means that you, as a user, will have even easier access to the $NCDT token and can make your participation in Nucocloud even easier. This collaboration marks significant progress towards a decentralized future with Nucocloud, DeFiChain and MetaChain.

In the future, you'll get more updates on this exciting project and our new partnerships.

DeFi Bets - Version 1 design released

An exciting project on the DeFiMetaChain (DMC), DeFi Bets has recently released a new update. Following my latest podcast episode where I had the chance to talk in depth about DeFi Bets with Lars Berge, a member of the DeFi Bets DAO, they have now revealed their design for version 1.

Now for the exciting news: DeFi Bets has unveiled the design of their first release!

This marks an important step in the development of the project. In addition, DeFi Bets asked the community for feedback on the design, and there were some notable suggestions:

• A live chart of the asset being bet on to give users a real-time overview of price movements.

• Implementing engaging sounds when bets are placed to make the user experience more memorable.

• Using a depth of field effect so that more distant coins appear slightly out of focus. This would draw user focus to the most important UI elements.

• An animation of the coins to create a more modern and lively feel.

The developers of DeFi Bets have also confirmed that DFI will be implemented in the future. This suggests further integration possibilities and increased use of DFI within the platform.

We'll stay tuned and follow the exciting development of DeFi Bets. Look for more updates in our upcoming newsletters!