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Unchain Fund

fund

Introducing a new way to look at crypto index funds and visualize and compare asset performance. This is part 2 to this other post . Enjoy! When comparing the performance of two assets, it’s common to plot their cumulative returns between a certain date X and another date Y to see which one performed better. But this only tells us about a small part of the story, and maybe a biased one. See the following two plots, comparing Apple to Microsoft. We could write two completely different stories depending on which plot we choose. That’s because they are totally dependent on the start and the ending dates we choose, and it’d be very easy to cherrypick them to make the data fit our narrative. Even if we’re not trying to deceive anyone, if we do something similar we’ll show only an incomplete view of reality, and this is a problem that may have. I’ll show you why in a little while. the first post of this series Is there a better way? Yes, there is. We could include the dates in a plot, and that way we would eliminate the bias we induce when all of the data refers to a single start or date. all end How? Heatmap plots. With them we can visualize the start and end dates, and a 3rd variable. How to read the plot? Better on a computer. On the phone: use landscape mode, tap to see the info of every point, drag inside to zoom, double tap to reset zoom. Hovering, it’ll show info for each point about when the investment would have been made, the date at which the ROI is calculated, and the ROI itself, relative to the initial investment. Having data for the price of Bitcoin along the past 6 years we can compute, for example, the ROI (return on investment) of buying on May 4, 2014, by June 9, 2018. Or the ROI of buying on Nov 15, 2015, by Dec 3, 2017. This is exactly what’s shown in the next plot: The ROI of buying on any possible day, calculated at all of the possible days, and taking one sample every month. Fullscreen Constructing the index funds To do this, for each date I calculated how big each coin’s market cap is compared to the total market cap. That gives us a weight for each asset. With this, knowing also how much the price of each coin changed across time we can know the ROI of the fund. Note that the weight of each coin in each fund is constant. Normally we want the weights of the assets in an index fund to change in time(so that the fund actually tracks the index). This is called rebalancing and I’ll explore it in the last post of this series. Below there’s the same plot but calculating the ROIs of crypto index funds created with the top 500 coins in Coinmarketcap by February 2019. To create them Each horizontal line represents the evolution of a fund across time. Fullscreen What was wrong with the first post? In the , I would look at the performance of investing in funds along several periods of time. Those periods started at different dates, all of them ended on the same date (~July 2018). It’s not wrong, but it’s like just looking at what’s highlighted in the right chart (color in the right plot would correspond to the height of the black (or green) markers in the left plot). previous post In this post, I’m looking at funds’ performance through periods starting at all of the possible dates, and ending at all of the possible dates from that (and not only ending at the latest date, like before). This approach tells us much more information. Finally… These new charts are OK, but they don’t tell us much more than what we already knew: that the ROI of anything bought before the peaks of late 2013 and late 2017 was good after the price surges in those times; that anything bought after the 2013 peak was underwater for a couple of years… And it’s hard to compare them to each other, they look quite the same. If we divide the ROI of index funds by the ROI of Bitcoin we get a much more interesting visualization, that tells us what would have been better, whether to just buy bitcoin or to buy a basket of coins weighted by market cap. Here it is, with weekly resolution: Fullscreen This is much more interesting and tells us various things, some less obvious than others, about three main parts of the plot: (yellow area at the left): mid-2017, the ROI of investing in an index fund VS in Bitcoin would have been almost the same (because the weight of Bitcoin in such indexes ) ROI before mid-2017 before would have been very high (green area, bottom right corner): The ROI of investing in an index fund mid-2017 would have been almost 2x Bitcoin’s. This is because even though Bitcoin went up a lot in that time, the rest of the coins went up more. ROI after mid-2017, having invested before mid-2017 before (red area, top right corner): Almost all investments in crypto index funds that were made mid-2017 have been than just . Interestingly, this is when most of the money entered the crypto space and when most funds were created. . Let’s zoom in ROI after mid-2017, having invested after mid-2017 after worse buying Bitcoin SFYL Carnage, fullscreen There was only a small window of green when the funds created between July 2017 and January 2018 did better than Bitcoin, but you can clearly see the exact moment around mid-2018 when this graceful animal ran out of sugar and Cardano couldn’t be pumped anymore. He looks dumb but is charging 2 and 20 to put your money in Tron haha In the 3rd (and last) post I’ll extend this analysis to explore if the portfolios helps in crypto index funds and whether it would have been a good idea to put money in the . I’ll when it’s ready. rebalancing Coinbase Bundle tweet One more thing… Last month I left my job as a Data Scientist at Zara and started working remotely as a software developer for , part-time. I’m also doing some data consultancy, so if you need some short-term help in some project with… Narrativa Machine Learning, Data Visualization, Or, in general, use the data you have to take better decisions at your company and make more money, and let’s talk, I can probably help you. Reach me out Nope, not me. Source BTW, I’m living here 👆(Revelstoke, BC, 🇨🇦) since January and will stay for some months. If you’re around, hit me up and let’s get some 🍻 or go share some turns 🏂 ⛷

(Part 2) What You Didn’t Know About Crypto Index Funds

A New Approach to Funding SaaS Companies By Lew Moorman, GP/co-founder Scaleworks During the deployment of our first $60M venture equity fund, we came across so many good software companies that were not a great fit for traditional venture capital. Some were not growing quite fast enough to be viewed as “venture scale”, others wanted to take a more controlled invest as you grow approach. As we studied these situations case-by-case, one thing became very clear: injection of capital could absolutely accelerate their momentum. However, right now there are not many options for companies at that stage — some continue to bootstrap and miss their opportunity, and others raise VC even though they may not really be suitable for that path. some do Unfortunately, traditional banks still require consistent cash flow or tangible assets to collateralize any loan, something that growing SaaS companies typically don’t have. They do, however, have consistent recurring revenue streams, with high gross margins. We believe that is a bankable asset, banks don’t. So we thought…hey, we can provide yet another path for founders and teams with great products. We call it our “venture finance” fund, and we’re ready to deploy $10M immediately. Karl Pichler, GP, Venture Finance The fund will make loans to growing SaaS companies in value of up to 6 months of their recurring revenue. To manage the fund, we’ve brought in Rackspace’s former CFO of 6 years, Karl Pichler as GP, Venture Finance. His experience with financing and advising companies on lowering its cost of capital is second to none. He has also seen the same pushback from banks that we have. Now we get to work on solving these problems together! We’re looking forward to hearing from companies who want to chat about their place in the SaaS world and how we can help scale them from great products to great businesses. Whether we take a majority equity position or help with debt financing, we hope to continue to build a community of SaaS companies building smart and sustainable businesses. Lew and team Scaleworks

Introducing the Scaleworks Venture Finance Fund

Why we created a fund and an innovation studio dedicated to bitcoin

My name's Elena Volotovskaya, I'm head of , a corporate venture fund of Softline Group, and Investment expert. Softline Venture Partners Last week, while I was in the UAE at GITEX GLOBAL 2022, I had over 60 meetings. Some of them I will remember for a long time, while others will soon be forgotten. The diversity of these meetings and their outcomes have made me think about ways . to stand out in the crowd In this post, I combine all my observations about others and share tips and tools that I personally use to stay visible. I'll start by telling how I was won over in Dubai. Come bearing gifts as the Orient teaches Prepare a gift related to your partner’s interests: it always works, especially in the Orient. It shows your preparation and your willingness to go an extra mile. At one of the meetings in Dubai, Nayagam Pillai, CEO of Seven Seas Technology (a leading system integrator in the UAE, now part of Softline Group), gave me a book by his classmate, the guru of the venture industry Mahendra Ramsinghani, called .  The gift was a nod to my work in the VC sphere and it had an added personal touch by being written by somebody Pillai knows. The Business of Venture Capital The book is full of insights from the leading practitioners on the art of raising a fund, deal structuring, value creation, and exit strategies. The author is an investor and consultant for leading security startups. As a seed investor, he has invested in more than 50 startups. Learn more about your companion This is an extension of the previous advice. To choose the right gift, you obviously need to know something about the person. Therefore, your first step must be to determine the purpose of your attendance at the conference. If you are a startup founder and need to find investors, use social media to check out in advance who will attend. Follow the event’s hashtags and select five or so people each day. After that, carefully study their accounts on social media and look for additional information about them online. You can learn a lot of important things about a person and their interests from interviews and even profile photos, and when the time comes, you’ll be able to easily keep up the conversation and make close contact. Believe me, talking about yesterday's football match, children, or a recently attended concert will definitely break down the barriers of officiality. I advise you to put information about your potential interlocutors into flashcards so that you can refresh some talking points in your memory if necessary. If you have trouble locating the right person at the conference, you can turn to the organizers for help. Take notes and write summaries of the meetings: who you talked to, what you discussed, results of the meeting, and your plans for the future. You can do it In a notebook, on your phone, or even on a business card –– the format doesn't matter as long as you do it. But if you don't write it down - you very well may forget it. Become a storyteller The better you tell your story, the more people will listen. It seems like a simple thing, but very few people focus on the actual presentation. Write down your story and practice, practice, practice your presentation skills. If you need a role model, look for the way Americans do their presenting. They manage to combine showmanship with sincerity. Check your pitch not just for memorability, but also for honesty. Speak clearly about what your product does and what value it brings. Remember that public events are not the place where investors go to study documents and commercial offers. Such steps come afterwards, if you make a good first impression. Remember that you only have 30 seconds to grab someone's attention. Demonstration If you can show the product’s functionality in action, do it! Consider the availability and quality of Internet connection at the event. Instead of relying on Wi-fi, buy a local SIM card with internet access. Take a photo If the person you talk to seems approachable, ask them to take a picture together after the meeting. Sending the photo afterwards is a good excuse for a follow-up to the meeting. You can also post the photo on social media, tag your partner, and express your sentiments about the meeting with a caption. Remind about yourself If you followed the previous advice and wrote down the summary of your meetings, doing a follow-up to remind your interlocutors about yourself should not be a problem! Postpone other tasks to give your attention to the business cards you collected during the meetings. Otherwise you will miss the opportunities these meetings created. Send reminders about yourself to the people you met during the conference immediately upon returning home. Everyone you’ve met should receive a message from you with a meeting follow up. Sending a letter with your feedback on a conference speech to the speakers you don’t know personally is an accepted practice, and this can be your chance to make useful contacts. In your follow-up letters, mention where you spoke, describe what was discussed, and make a specific proposal for cooperation. To sum up, make sure to remind your interlocutors about yourself, and do it without delay. Dress for success It's easy to become just another face in the crowd at large events. Add something memorable to your outfit. It may be related to your product. As : “ .” Christina Farr wrote at VentureBeat Who could forget the man in the wedding dress? Evergram’s founder (pictured, left) caught my attention when he tossed me a bouquet of fake flowers. I chatted with Duncan Seay, expecting to be merely amused but was struck by his shrewdness and sincerity. Like all great networkers, Seay followed up the next day Here’s his 30-second pitch: Evergram is a “future messaging” app for weddings. It lets you send an audio or video message to a happy couple that is delivered at a later date. The idea originated when Seay was diagnosed with cancer and wanted to find a better way to communicate with his loved ones. The distinguished (CEO @ B:Side Capital, ex CEO @BodeTree) summed this up : Chris Myers concisely “ Anyone who's met me at conferences or seen me on TV knows that I'm a bit of a bow tie fanatic. My bow ties and penchant for colored pants (thanks to Bonobos) have become somewhat of a trademark and help me stand out from an otherwise perfectly uniform crowd. ” In addition, my team and I always try to stand out in the way we interact with clients. For example, we always give away unique videobooks that automatically play when you open them. To summarize: Before the event, check out the list of contacts you are interested in and find them on Twitter, FB, or other social media, find out about their hobbies, and write down the possible topics for conversation Prepare personalized gifts Compose your 30-second elevator pitch, rehearse (a lot!), be sincere and confident Prepare everything you need to demonstrate your product (charge your phone, buy a SIM card and practice the speech) Take a photo together as a keepsake and a reminder of yourself Do a follow-up, and do it repeatedly, but unobtrusively Add a memorable element to your outfit in line with the event’s dress code and context.

7 Ways to Stand Out at a Tech Conference

The Verdict is In: I've Got a Vested Stake of a Hedgefund! Best News? You Can Be, Too!

The truth about Security Token Offerings (STOs)

BlackRock has launched its USD Institutional Digital Liquidity Fund (BUIDL) on the Avalanche blockchain through digital asset firm Securitize, marking a significant move in the tokenization of traditional financial assets. The $510 million fund, which represents one BUIDL token per share, targets a stable value of $1 per token and distributes daily dividends directly to investors' digital wallets. The fund invests exclusively in cash, U.S. Treasury bills, and repurchase agreements. This expansion makes BUIDL the largest tokenized treasury fund globally. The fund requires a minimum investment of $5 million and operates under SEC regulation 506(c), maintaining exemption from investment company status through Section 3(c)(7) of the Investment Company Act. John Wu, President at Ava Labs, noted that tokenization could enhance market access and utility. The fund offers features distinct from traditional financial instruments, including instant settlement, peer-to-peer transfers, and improved collateral mobility. The launch follows several institutional initiatives on Avalanche, including projects by J.P. Morgan, Citi, Wellington, KKR, and Franklin Templeton. The network's appeal stems from its technical capabilities, including EVM compatibility, rapid transaction completion, and low fees. Carlos Domingo, CEO of Securitize, emphasized the company's ongoing partnership with Avalanche in tokenizing real-world assets. Notably, BlackRock maintains a strategic investment in Securitize, with Joseph Chalom, BlackRock's Global Head of Strategic Ecosystem Partnerships, serving on Securitize's board. The fund structure includes compensation arrangements between the Investment Manager and Securitize Markets, consisting of an upfront fee and quarterly payments based on the average daily net asset value of investors introduced through Securitize Markets. While the fund aims for a stable $1 value per token, investments carry risks including regulatory uncertainty, market adoption challenges, and potential price volatility. The blockchain-based nature of these tokens presents additional considerations compared to traditional assets. This development represents a continuing trend of traditional financial institutions exploring blockchain technology for asset tokenization, though success will depend on market adoption and regulatory clarity in the evolving digital asset landscape. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR BlackRock has launched its USD Institutional Digital Liquidity Fund (BUIDL) on the Avalanche blockchain through digital asset firm Securitize, marking a significant move in the tokenization of traditional financial assets. The $510 million fund, which represents one BUIDL token per share, targets a stable value of $1 per token and distributes daily dividends directly to investors' digital wallets. The fund invests exclusively in cash, U.S. Treasury bills, and repurchase agreements. This expansion makes BUIDL the largest tokenized treasury fund globally. The fund requires a minimum investment of $5 million and operates under SEC regulation 506(c), maintaining exemption from investment company status through Section 3(c)(7) of the Investment Company Act. John Wu, President at Ava Labs, noted that tokenization could enhance market access and utility. The fund offers features distinct from traditional financial instruments, including instant settlement, peer-to-peer transfers, and improved collateral mobility. The launch follows several institutional initiatives on Avalanche, including projects by J.P. Morgan, Citi, Wellington, KKR, and Franklin Templeton. The network's appeal stems from its technical capabilities, including EVM compatibility, rapid transaction completion, and low fees. Carlos Domingo, CEO of Securitize, emphasized the company's ongoing partnership with Avalanche in tokenizing real-world assets. Notably, BlackRock maintains a strategic investment in Securitize, with Joseph Chalom, BlackRock's Global Head of Strategic Ecosystem Partnerships, serving on Securitize's board. The fund structure includes compensation arrangements between the Investment Manager and Securitize Markets, consisting of an upfront fee and quarterly payments based on the average daily net asset value of investors introduced through Securitize Markets. While the fund aims for a stable $1 value per token, investments carry risks including regulatory uncertainty, market adoption challenges, and potential price volatility. The blockchain-based nature of these tokens presents additional considerations compared to traditional assets. This development represents a continuing trend of traditional financial institutions exploring blockchain technology for asset tokenization, though success will depend on market adoption and regulatory clarity in the evolving digital asset landscape. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

BlackRock Expands Digital Fund to Avalanche Network

British Virgin Islands, November 7th 2024 — Cytonic, the world’s first multi-virtual-machine blockchain, today announced it has raised $8.3 million in a seed funding round co-led by Lattice and Lemniscap, with participation from IOBC, Nomura, Lyrik, Public Works, Arthur Hayes and other notable investors. Developed by MultiVM Labs, Cytonic is a decentralized execution layer that tackles one of the blockchain industry’s most pressing challenges: compatibility. As fragmentation across multiple chains continues to grow, developers and users face increasing barriers that limit the full potential of blockchain technology. Cytonic introduces the first Layer 1 blockchain capable of running multiple virtual machines within the same network layer while using shared storage. This breakthrough allows transactions involving different state transition functions (STFs) to be processed together within a single state transition. Currently, Cytonic is designed to be identical to both Ethereum and Solana, enabling all existing tooling, wallets, and decentralized applications (dApps) that operate on EVM and SVM chains to function seamlessly on Cytonic. Cytonic minimizes transaction fees and reduces waiting times for moving assets between chains, making decentralized applications more accessible and user-friendly. On the Cytonic blockchain, users can swap assets across different VMs atomically without rollback issues or cross-chain vulnerabilities. For example, users can swap Base tokens (ERC20) for Solana tokens (SPL) within the same liquidity pool on a single decentralized exchange (DEX), radically increasing capital efficiency. This approach fundamentally addresses interoperability challenges and vulnerabilities inherited from hundreds of different blockchain architectures, all while maintaining full compatibility with them. Having experienced firsthand how compatibility issues hinder growth across the crypto industry, Cytonic Founder Ivan Miskovic recognized the critical need for a solution that simplifies horizontal scaling for applications and addresses liquidity management challenges for users. Ivan, former Executive at Spin Labs, along with his co-executives—Chelsea, former Partner at Foresight Ventures, and Badconfig, former Senior Engineer at Faraway—have years of experience building and investing in decentralized technologies across Bitcoin, Ethereum, Solana, Near, and other notable projects. United by a shared vision to resolve blockchain’s compatibility challenges, the Cytonic team is dedicated to making on-chain interactions easier and more efficient for all participants. Thanks to its EVM and SVM compatibility, projects from any EVM or SVM chain can seamlessly migrate to Cytonic and tap into liquidity from different networks without the usual complexities of cross-chain operations or chain abstraction. This breakthrough in core infrastructure compatibility enables developers to deploy existing applications on Cytonic without rewriting any code, streamlining both development and growth processes. Projects can harness the unique strengths of different virtual machines while maintaining universal compatibility on the network. This not only simplifies the user experience but also reduces fragmentation, enhances ecosystem diversity, and makes blockchain technology more accessible and practical for widespread adoption. Ivan Miskovic, Founder of Cytonic, said: “Sincere thanks to our investors for backing our vision to bridge the gaps between blockchains and unlock new opportunities for developers and users alike. We are enabling any wallet from any chain to store any type of asset on Cytonic, greatly simplifying user experiences and broadening accessibility at a critical juncture in the Web3 development cycle. We are just getting started.” Regan Bozman, GP at Lattice, said: “We are proud to have co-led this $8.3 million round for Cytonic. As the blockchain ecosystem continues to grow, many innovative projects struggle with liquidity and compatibility due to the diverse range of blockchains available. Cytonic is tackling these compatibility issues head-on, breaking down the silos between blockchains while promoting greater collaboration, innovation, and adoption across the Web3 space.” About Cytonic Cytonic is pioneering the first multi-virtual-machine blockchain, with a mission to seamlessly integrate diverse networks like Bitcoin, Ethereum, and Solana into a unified Layer 1 blockchain solution. Operating on a global scale, Cytonic ensures connectivity and interoperability across multiple decentralized networks. Website X [Discord](//: <//discord.gg/K3RgfYS5](//discord.gg/K3RgfYS5)) Media contact:  This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here British Virgin Islands, November 7th 2024 — Cytonic, the world’s first multi-virtual-machine blockchain, today announced it has raised $8.3 million in a seed funding round co-led by Lattice and Lemniscap, with participation from IOBC, Nomura, Lyrik, Public Works, Arthur Hayes and other notable investors. British Virgin Islands, November 7th 2024 Developed by MultiVM Labs , Cytonic is a decentralized execution layer that tackles one of the blockchain industry’s most pressing challenges: compatibility. As fragmentation across multiple chains continues to grow, developers and users face increasing barriers that limit the full potential of blockchain technology. MultiVM Labs MultiVM Labs Cytonic introduces the first Layer 1 blockchain capable of running multiple virtual machines within the same network layer while using shared storage. This breakthrough allows transactions involving different state transition functions (STFs) to be processed together within a single state transition. Currently, Cytonic is designed to be identical to both Ethereum and Solana, enabling all existing tooling, wallets, and decentralized applications (dApps) that operate on EVM and SVM chains to function seamlessly on Cytonic. Cytonic minimizes transaction fees and reduces waiting times for moving assets between chains, making decentralized applications more accessible and user-friendly. On the Cytonic blockchain, users can swap assets across different VMs atomically without rollback issues or cross-chain vulnerabilities. For example, users can swap Base tokens (ERC20) for Solana tokens (SPL) within the same liquidity pool on a single decentralized exchange (DEX), radically increasing capital efficiency. This approach fundamentally addresses interoperability challenges and vulnerabilities inherited from hundreds of different blockchain architectures, all while maintaining full compatibility with them. Having experienced firsthand how compatibility issues hinder growth across the crypto industry, Cytonic Founder Ivan Miskovic recognized the critical need for a solution that simplifies horizontal scaling for applications and addresses liquidity management challenges for users. Ivan Miskovic Ivan Miskovic Ivan, former Executive at Spin Labs, along with his co-executives— Chelsea , former Partner at Foresight Ventures, and Badconfig , former Senior Engineer at Faraway—have years of experience building and investing in decentralized technologies across Bitcoin, Ethereum, Solana, Near, and other notable projects. United by a shared vision to resolve blockchain’s compatibility challenges, the Cytonic team is dedicated to making on-chain interactions easier and more efficient for all participants. Chelsea Chelsea Badconfig Badconfig Thanks to its EVM and SVM compatibility, projects from any EVM or SVM chain can seamlessly migrate to Cytonic and tap into liquidity from different networks without the usual complexities of cross-chain operations or chain abstraction. This breakthrough in core infrastructure compatibility enables developers to deploy existing applications on Cytonic without rewriting any code, streamlining both development and growth processes. Projects can harness the unique strengths of different virtual machines while maintaining universal compatibility on the network. This not only simplifies the user experience but also reduces fragmentation, enhances ecosystem diversity, and makes blockchain technology more accessible and practical for widespread adoption. Ivan Miskovic, Founder of Cytonic, said: “Sincere thanks to our investors for backing our vision to bridge the gaps between blockchains and unlock new opportunities for developers and users alike. We are enabling any wallet from any chain to store any type of asset on Cytonic, greatly simplifying user experiences and broadening accessibility at a critical juncture in the Web3 development cycle. We are just getting started.” Ivan Miskovic, Founder of Cytonic, said: “Sincere thanks to our investors for backing our vision to bridge the gaps between blockchains and unlock new opportunities for developers and users alike. We are enabling any wallet from any chain to store any type of asset on Cytonic, greatly simplifying user experiences and broadening accessibility at a critical juncture in the Web3 development cycle. We are just getting started.” Regan Bozman, GP at Lattice, said: “We are proud to have co-led this $8.3 million round for Cytonic. As the blockchain ecosystem continues to grow, many innovative projects struggle with liquidity and compatibility due to the diverse range of blockchains available. Cytonic is tackling these compatibility issues head-on, breaking down the silos between blockchains while promoting greater collaboration, innovation, and adoption across the Web3 space.” Regan Bozman, GP at Lattice, said: “We are proud to have co-led this $8.3 million round for Cytonic. As the blockchain ecosystem continues to grow, many innovative projects struggle with liquidity and compatibility due to the diverse range of blockchains available. Cytonic is tackling these compatibility issues head-on, breaking down the silos between blockchains while promoting greater collaboration, innovation, and adoption across the Web3 space.” About Cytonic Cytonic is pioneering the first multi-virtual-machine blockchain, with a mission to seamlessly integrate diverse networks like Bitcoin, Ethereum, and Solana into a unified Layer 1 blockchain solution. Operating on a global scale, Cytonic ensures connectivity and interoperability across multiple decentralized networks. Website Website X X [Discord](//: <//discord.gg/K3RgfYS5](//discord.gg/K3RgfYS5)) Media contact:  This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Cytonic Secures $8.3 Million Seed Funding To Solve Blockchain Compatibility

Cytonic verseker $8,3 miljoen saadbefondsing om Blockchain-versoenbaarheid op te los

የብሎክቼይን ተኳሃኝነትን ለመፍታት ሳይቶኒክ የ8.3 ሚሊዮን ዶላር ዘር ድጋፍን ያረጋግጣል

Cytonic, Blockchain uyğunluğunun həlli üçün 8,3 milyon dollarlıq toxum maliyyəsini təmin edir

Cytonic забяспечвае пачатковае фінансаванне ў памеры 8,3 мільёна долараў для вырашэння сумяшчальнасці блокчейна

Cytonic осигурява първоначално финансиране от $8,3 милиона за разрешаване на съвместимостта на блокчейн

Cytonic assegura un finançament inicial de 8,3 milions de dòlars per resoldre la compatibilitat de la cadena de blocs

Cytonic obtiene 8,3 millones de dólares de financiación inicial para resolver la compatibilidad de blockchain

Cytonic מאבטחת מימון סיד של 8.3 מיליון דולר כדי לפתור תאימות לבלוקצ'יין

Cytonic osigurava početno financiranje od 8,3 milijuna dolara za rješavanje kompatibilnosti blokova

Cytonic Sekirize $8.3 Milyon Finansman Semans Pou Rezoud Konpatibilite Blockchain

Cytonic、ブロックチェーンの互換性問題を解決するために830万ドルのシード資金を確保

Cytonic verzekert zich van $8,3 miljoen startkapitaal om blockchain-compatibiliteit op te lossen

SINGAPORE, October 24, 2024 – MEXC and MEXC Ventures are proud to announce a $20 million Aptos ecosystem fund. Aptos is a Layer-1 blockchain platform renowned for its high-performance infrastructure and commitment to advancing Web3 mass adoption. This ecosystem fund is designed to support the Aptos ecosystem’s continuous innovation. This fund will sponsor hackathons, invest in, and incubate early-stage projects and provide support for the MOVE developer community. As Aptos scales its capabilities and continues to pioneer innovations in Web3, this strategic commitment reflects a shared vision for the broader adoption of blockchain technology and empowering developers to unlock new possibilities for decentralized applications. “Aptos, with its high-performance infrastructure, innovations such as Block-STM, and the seamless interoperability of the Move ecosystem, has cultivated a thriving, developer-focused environment,” said Tracy Jin, VP of MEXC. “At MEXC, we are committed to delivering tangible value to our users by focusing on pioneering projects like Aptos. This commitment enhances our community’s experience while advancing the future of blockchain technology.” This commitment reinforces MEXC’s long-term vision of aligning with innovative blockchain initiatives. Through its actions, MEXC aims to strengthen its ecosystem by offering users meaningful benefits to encourage growth in the space. MEXC Exchange Unveils Multimillion-dollar Promotions To mark this event, the MEXC Exchange is launching a series of promotional campaigns running from late October through January. Both new and existing users can join Aptos trading activities and compete for a share of the prize pool. These campaigns will offer a variety of exciting incentives, including zero trading fees, staking rewards, competitive trading competitions, and “Learn-to-Earn” programs — creating diverse opportunities for community engagement. MEXC Ventures Announced its Investment into Aptos Ecosystem Projects As the inaugural initiative of this ecosystem fund, MEXC Ventures has recently committed to investing in two promising projects on Aptos: Aries Market: The No.1 DeFi Platform on Aptos by TVL, leading as the First and Biggest Lending Protocol since day one. Aries Markets provides a comprehensive suite of DeFi products designed to serve as the universal gateway to the Move ecosystem, including lending, borrowing, margin trading, swapping and more. This wide array of services underscores Aries' commitment to leading innovation and enhancing widespread adoption in decentralized finance. Amnis Finance: The #1Liquid Staking Derivative protocol and the #2 DeFi protocol by TVL on Aptos. Amnis Finance introduces a secure, user-friendly and innovative liquid staking protocol that empowers users to effortlessly maximize returns on their APT tokens while unlocking their liquidity.They aim to become a foundational pillar in the Aptos Ecosystem to drive credit expansion through APT staking. MEXC Ventures is also proud to sponsor the Aptos Code Collision. By participating in this hackathon, MEXC Ventures aims to discover unicorns and support builders in the Aptos ecosystem. MEXC Ventures is a comprehensive fund under MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, and M&A. MEXC Ventures became an initial advocate and prominent investor in the TON ecosystem in 2022, empowering the ecosystem to achieve significant growth. MEXC Ventures supported early-stage TON projects through investment and listing. Under the ethos of "Empowering Growth Through Synergy​," MEXC Ventures looks forward to staying at the forefront of Aptos' innovations and actively engaging with MOVE builders to drive ecosystem growth. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here SINGAPORE, October 24, 2024 – MEXC and MEXC Ventures are proud to announce a $20 million Aptos ecosystem fund. Aptos is a Layer-1 blockchain platform renowned for its high-performance infrastructure and commitment to advancing Web3 mass adoption. This ecosystem fund is designed to support the Aptos ecosystem’s continuous innovation. This fund will sponsor hackathons, invest in, and incubate early-stage projects and provide support for the MOVE developer community. As Aptos scales its capabilities and continues to pioneer innovations in Web3, this strategic commitment reflects a shared vision for the broader adoption of blockchain technology and empowering developers to unlock new possibilities for decentralized applications. “Aptos, with its high-performance infrastructure, innovations such as Block-STM, and the seamless interoperability of the Move ecosystem, has cultivated a thriving, developer-focused environment,” said Tracy Jin, VP of MEXC. “Aptos, with its high-performance infrastructure, innovations such as Block-STM, and the seamless interoperability of the Move ecosystem, has cultivated a thriving, developer-focused environment,” said Tracy Jin, VP of MEXC. “At MEXC, we are committed to delivering tangible value to our users by focusing on pioneering projects like Aptos. This commitment enhances our community’s experience while advancing the future of blockchain technology.” “At MEXC, we are committed to delivering tangible value to our users by focusing on pioneering projects like Aptos. This commitment enhances our community’s experience while advancing the future of blockchain technology.” This commitment reinforces MEXC’s long-term vision of aligning with innovative blockchain initiatives. Through its actions, MEXC aims to strengthen its ecosystem by offering users meaningful benefits to encourage growth in the space. MEXC Exchange Unveils Multimillion-dollar Promotions To mark this event, the MEXC Exchange is launching a series of promotional campaigns running from late October through January. Both new and existing users can join Aptos trading activities and compete for a share of the prize pool. These campaigns will offer a variety of exciting incentives, including zero trading fees, staking rewards, competitive trading competitions, and “Learn-to-Earn” programs — creating diverse opportunities for community engagement. MEXC Ventures Announced its Investment into Aptos Ecosystem Projects As the inaugural initiative of this ecosystem fund, MEXC Ventures has recently committed to investing in two promising projects on Aptos: Aries Market: The No.1 DeFi Platform on Aptos by TVL, leading as the First and Biggest Lending Protocol since day one. Aries Markets provides a comprehensive suite of DeFi products designed to serve as the universal gateway to the Move ecosystem, including lending, borrowing, margin trading, swapping and more. This wide array of services underscores Aries' commitment to leading innovation and enhancing widespread adoption in decentralized finance. Aries Market : The No.1 DeFi Platform on Aptos by TVL, leading as the First and Biggest Lending Protocol since day one. Aries Markets provides a comprehensive suite of DeFi products designed to serve as the universal gateway to the Move ecosystem, including lending, borrowing, margin trading, swapping and more. This wide array of services underscores Aries' commitment to leading innovation and enhancing widespread adoption in decentralized finance. Aries Market Amnis Finance: The #1Liquid Staking Derivative protocol and the #2 DeFi protocol by TVL on Aptos. Amnis Finance introduces a secure, user-friendly and innovative liquid staking protocol that empowers users to effortlessly maximize returns on their APT tokens while unlocking their liquidity.They aim to become a foundational pillar in the Aptos Ecosystem to drive credit expansion through APT staking. Amnis Finance : The #1Liquid Staking Derivative protocol and the #2 DeFi protocol by TVL on Aptos. Amnis Finance introduces a secure, user-friendly and innovative liquid staking protocol that empowers users to effortlessly maximize returns on their APT tokens while unlocking their liquidity.They aim to become a foundational pillar in the Aptos Ecosystem to drive credit expansion through APT staking. Amnis Finance MEXC Ventures is also proud to sponsor the Aptos Code Collision . By participating in this hackathon, MEXC Ventures aims to discover unicorns and support builders in the Aptos ecosystem. Aptos Code Collision Aptos Code Collision MEXC Ventures is a comprehensive fund under MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, and M&A. MEXC Ventures became an initial advocate and prominent investor in the TON ecosystem in 2022, empowering the ecosystem to achieve significant growth. MEXC Ventures supported early-stage TON projects through investment and listing. Under the ethos of "Empowering Growth Through Synergy​," MEXC Ventures looks forward to staying at the forefront of Aptos' innovations and actively engaging with MOVE builders to drive ecosystem growth. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here here

MEXC and MEXC Ventures Establish $20M Fund For Aptos Ecosystem Expansion

MEXC وMEXC Ventures تؤسسان صندوقًا بقيمة 20 مليون دولار لتوسيع نظام Aptos البيئي

MEXC এবং MEXC ভেঞ্চারগুলি Aptos ইকোসিস্টেম সম্প্রসারণের জন্য $20M তহবিল গঠন করেছে

MEXC y MEXC Ventures establecen un fondo de 20 millones de dólares para la expansión del ecosistema de Aptos

MEXC と MEXC Ventures が Aptos エコシステム拡張のために 2,000 万ドルのファンドを設立

MEXC와 MEXC Ventures, Aptos 생태계 확장을 위한 2000만 달러 펀드 설립

MEXC жана MEXC Ventures Aptos экосистемасынын кеңейиши үчүн 20 миллион долларлык фонд түзүшөт

MEXC na MEXC Ventures Ba établir Fonds ya $20M Pona Expansion ya Ecosystème ya Aptos

MEXC sy MEXC Ventures dia nanangana vola 20 tapitrisa dolara ho an'ny fanitarana ny tontolo iainana Aptos

MEXC i MEXC Ventures zakładają fundusz o wartości 20 mln USD na rozbudowę ekosystemu Aptos

MEXC na MEXC Ventures bashiraho $ 20M Ikigega cyo Kwagura Ibinyabuzima bya Aptos

MEXC සහ MEXC Ventures Aptos පරිසර පද්ධති ව්‍යාප්තිය සඳහා $20M අරමුදලක් ස්ථාපිත කරයි

MEXC na MEXC Ventures Yaanzisha Hazina ya $20M kwa Ajili ya Upanuzi wa Mfumo wa Aptos

Table of Links Abstract and 1. Introduction 1.1 Option Pricing 1.2 Asymptotic Notation (Big O) 1.3 Finite Difference 1.4 The Black-Schole Model 1.5 Monte Carlo Simulation and Variance Reduction Techniques 1.6 Our Contribution Literature Review
Methodology 3.1 Model Assumption 3.2 Theorems and Model Discussion Result Analysis
Conclusion and References 1.4 THE BLACK-SCHOLE MODEL The Black-Scholes model is a cornerstone of modern financial theory, providing a mathematical framework for pricing European-style options. Developed by Fischer Black, Myron Scholes, and Robert Merton in the early 1970s, the model revolutionized the field of quantitative finance. Mathematically, the Black-Scholes model calculates the price of a European call option, which gives the holder the right to buy an underlying asset at a specified price (the strike price) on or before a specified date (the expiration date). The model assumes that the price of the underlying asset follows geometric Brownian motion, characterized by a constant volatility. The Black-Scholes formula for the price of a European call option is given by: where 𝐶 = 𝐶𝑎𝑙𝑙 𝑜𝑝𝑡𝑖𝑜𝑛 𝑝𝑟𝑖𝑐𝑒 𝑆 = 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑝𝑟𝑖𝑐𝑒 𝑜𝑓 𝑡ℎ𝑒 𝑢𝑛𝑑𝑒𝑟𝑙𝑦𝑖𝑛𝑔 𝑎𝑠𝑠𝑒𝑡 𝐾 = 𝑆𝑡𝑟𝑖𝑘𝑒 𝑝𝑟𝑖𝑐𝑒 𝑟 = 𝑅𝑖𝑠𝑘 𝑓𝑟𝑒𝑒 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑟𝑎𝑡𝑒 𝑡 = 𝑇𝑖𝑚𝑒 𝑜𝑓 𝑒𝑥𝑝𝑖𝑟𝑎𝑡𝑖𝑜𝑛 𝑁 = 𝐶𝑢𝑚𝑢𝑙𝑎𝑡𝑖𝑣𝑒 𝑑𝑖𝑠𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑓𝑢𝑛𝑐𝑡𝑖𝑜𝑛 𝑜𝑓 𝑡ℎ𝑒 𝑠𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝑛𝑜𝑟𝑚𝑎𝑙 𝑑𝑖𝑠𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 The formula derived from the Black-Scholes model computes the theoretical price of a call or put option based on the aforementioned factors. It considers the probability distribution of potential future asset prices and discounts expected payoffs back to the present value using the risk-free interest rate [5]. Authors:
(1) Agni Rakshit, Department of Mathematics, National Institute of Technology, Durgapur, Durgapur, India (spiritualagnimath.);
(2) Gautam Bandyopadhyay, Department of Management Studies, National Institute of Technology, Durgapur, Durgapur, India (gbandyopadhyay.dms@nitdgp.ac.in);
(3) Tanujit Chakraborty, Department of Science and Engineering & Sorbonne Center for AI, Sorbonne University, Abu Dhabi, United Arab Emirates (tanujit.chakraborty@sorbonne.ae). This paper is available on arxiv under CC by 4.0 Deed (Attribution 4.0 International) license. Table of Links Abstract and 1. Introduction Abstract and 1. Introduction Abstract and 1. Introduction 1.1 Option Pricing 1.1 Option Pricing 1.2 Asymptotic Notation (Big O) 1.2 Asymptotic Notation (Big O) 1.3 Finite Difference 1.3 Finite Difference 1.4 The Black-Schole Model 1.4 The Black-Schole Model 1.5 Monte Carlo Simulation and Variance Reduction Techniques 1.5 Monte Carlo Simulation and Variance Reduction Techniques 1.6 Our Contribution 1.6 Our Contribution Literature Review Methodology Literature Review Literature Review Literature Review Methodology Methodology 3.1 Model Assumption 3.1 Model Assumption 3.2 Theorems and Model Discussion 3.2 Theorems and Model Discussion Result Analysis Conclusion and References Result Analysis Result Analysis Result Analysis Conclusion and References Conclusion and References Conclusion and References 1.4 THE BLACK-SCHOLE MODEL The Black-Scholes model is a cornerstone of modern financial theory, providing a mathematical framework for pricing European-style options. Developed by Fischer Black, Myron Scholes, and Robert Merton in the early 1970s, the model revolutionized the field of quantitative finance. Mathematically, the Black-Scholes model calculates the price of a European call option, which gives the holder the right to buy an underlying asset at a specified price (the strike price) on or before a specified date (the expiration date). The model assumes that the price of the underlying asset follows geometric Brownian motion, characterized by a constant volatility. The Black-Scholes formula for the price of a European call option is given by: where 𝐶 = 𝐶𝑎𝑙𝑙 𝑜𝑝𝑡𝑖𝑜𝑛 𝑝𝑟𝑖𝑐𝑒 𝑆 = 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑝𝑟𝑖𝑐𝑒 𝑜𝑓 𝑡ℎ𝑒 𝑢𝑛𝑑𝑒𝑟𝑙𝑦𝑖𝑛𝑔 𝑎𝑠𝑠𝑒𝑡 𝐾 = 𝑆𝑡𝑟𝑖𝑘𝑒 𝑝𝑟𝑖𝑐𝑒 𝑟 = 𝑅𝑖𝑠𝑘 𝑓𝑟𝑒𝑒 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑟𝑎𝑡𝑒 𝑡 = 𝑇𝑖𝑚𝑒 𝑜𝑓 𝑒𝑥𝑝𝑖𝑟𝑎𝑡𝑖𝑜𝑛 𝑁 = 𝐶𝑢𝑚𝑢𝑙𝑎𝑡𝑖𝑣𝑒 𝑑𝑖𝑠𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 𝑓𝑢𝑛𝑐𝑡𝑖𝑜𝑛 𝑜𝑓 𝑡ℎ𝑒 𝑠𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝑛𝑜𝑟𝑚𝑎𝑙 𝑑𝑖𝑠𝑡𝑟𝑖𝑏𝑢𝑡𝑖𝑜𝑛 The formula derived from the Black-Scholes model computes the theoretical price of a call or put option based on the aforementioned factors. It considers the probability distribution of potential future asset prices and discounts expected payoffs back to the present value using the risk-free interest rate [5]. Authors: (1) Agni Rakshit, Department of Mathematics, National Institute of Technology, Durgapur, Durgapur, India (spiritualagnimath.); (2) Gautam Bandyopadhyay, Department of Management Studies, National Institute of Technology, Durgapur, Durgapur, India (gbandyopadhyay.dms@nitdgp.ac.in); (3) Tanujit Chakraborty, Department of Science and Engineering & Sorbonne Center for AI, Sorbonne University, Abu Dhabi, United Arab Emirates (tanujit.chakraborty@sorbonne.ae). Authors: Authors: (1) Agni Rakshit, Department of Mathematics, National Institute of Technology, Durgapur, Durgapur, India (spiritualagnimath.); (2) Gautam Bandyopadhyay, Department of Management Studies, National Institute of Technology, Durgapur, Durgapur, India (gbandyopadhyay.dms@nitdgp.ac.in); (3) Tanujit Chakraborty, Department of Science and Engineering & Sorbonne Center for AI, Sorbonne University, Abu Dhabi, United Arab Emirates (tanujit.chakraborty@sorbonne.ae). This paper is available on arxiv under CC by 4.0 Deed (Attribution 4.0 International) license. This paper is available on arxiv under CC by 4.0 Deed (Attribution 4.0 International) license. available on arxiv available on arxiv

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