Launchpool Announces Upcoming AME for PolkaCipher, Privacy Cross-Chain Oracle Network Focused on Private NFT Transfers and NFT Commercialization
Join the CIPHERpunk wave this month with a privacy focused oracle network, NFT privacy for businesses, and community autonomous data matching mechanisms.
Throwback to last summer when Chainlink (LINK) acquired a privacy-preserving oracle protocol called DECO from Cornell University, in an effort to increase security of the project’s infrastructure and create new use cases. Now, PolkaCipher is setting the bar high in terms of NFT privacy for businesses, and privacy cross-chain oracle networks.
Why Privacy Matters in Oracles?
Smart contracts that contain private data are often limited from functioning on a public blockchain, given the sensitive nature of confidential data. Enhanced privacy benefits in this context both consumers and businesses. Transparency and state of the data are required in any business transaction, and a privacy layer would achieve that without revealing the data. Consumers can prove financial data without providing access to the sensitive data (examples in DeFi include credit scoring, providing loan collateral etc).
PolkaCipher takes privacy in DeFi a step further, by implementing two main components to its system architecture: contracts on a native blockchain and nodes for trusted data vendors. In doing so, PolkaCipher can deliver a privacy protection focused cross-chain oracle network, autonomous data matching mechanisms, NFT privacy layer for businesses and lead the movement towards NFT commercialisation.
Save the date, as the $CPHR token will be coming to Launchpool for an Allocation Mining Event (AME) starting on May 24th!
- The Allocation Mining Event (AME) begins on the 25th of May.
- Deposit Opens: May 24th
- Allocation Mining Opens: May 25th
- Allocation Closes: May 31st
- Allocation Size: $400K
- AME Price Token: 0.012
- Name : CIPHER
- Ticker : $CPHR
- Vesting Schedule: 0% at TGE, 1 month cliff, and 9 month linear release
- Market Cap on Listing: $896,920
Why Launchpool Chose PolkaCipher
Launchpool recognises how PolkaCipher solves many of the privacy issues in DeFi and particularly the traceability of public blockchains. And it’s clear that the future of DeFi is cross-chain. But that isn’t all. NFTs have gained massive popularity, beyond just art and collectibles. Utility, Game, Metaverse, Sports — these are just some of the most active industries that have jumped into the NFT opportunity. Businesses now have the possibility to innovate and accelerate their efforts in ways that were not made possible before.
Launchpool is thrilled to see a product suite combining privacy for DeFi and NFTs, cross-chain oracles, and NFT commercialisation, as a way to pave the use-cases around non-fungible tokens, and blockchain interoperability.
Why PolkaCipher Chose Launchpool
PolkaCipher believes in a vision of equal opportunities for all types of investors. As a launch Partner, Launchpool shares the aligned visions of what the ecosystem and the PolkaCipher products have to offer. The coexistence between the two enablers in the blockchain economy can ensure the delivery of great results.
“We have an amazing opportunity to launch our community support through an industry leader in Launchpool. Their ethos is what decentralisation is all about, allowing anyone to have the opportunity to be involved and get a stake in an economy. This aligns with our team and our belief.Looking forward to building a great community with Launchpool by our side.” — Tim Rainer, CEO at PolkaCipher.
With Launchpool and Alphabit, PolkaCipher stands to gain the following benefits:
- Promotion by association with some of the industry’s most recognizable names
- Leverage contacts and industry know-how of some of the most successful funds in the sector
- A ready-made community keen to engage
- A diverse customer base
- Unique staking opportunities
- The potential to have their token across more than 2,000 wallets from the Launchpool Community (based on previous AMEs)
How can the Launchpool Community Get Involved in PolkaCipher?
As always, Poolers will get early access to the token at private sale prices via Launchpool’s unique Allocation Mining Event (AME) structure. All you need to do is hold LPOOL tokens, stake in the available AME pools, deposit, and claim your allocation. Take part in a project focused on building private NFT transfers, cross-chain oracle, and bringing privacy to DeFi.
PolkaCipher is a Polkadot-based privacy-preserving oracle network focused on bringing the use case of private NFTs to off-chain businesses and be a bridge for seamless integration to on-chain Defi apps.
PolkaCipher’s unique offerings help push the use-case of the NFTs in real-world scenarios while still being connected to a cross-chain network that is fair and accurate. PolkaCipher intends to achieve business goals by helping users transact privately and securely using NFTs as a mode of access to different decentralized apps (dapps) and real-world businesses rewards.
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