Monthly Archives: September 2022

New SMART and ATTAIN Programs Support Innovation that Advances American Competitiveness, Fights Climate Change, Improves Safety and Helps Americans Save Time and Money

WASHINGTON- The U.S. Department of Transportation announced today that it is accepting applications for two programs that will make approximately $160 million available annually for the next five years for projects that use technology to improve our transportation infrastructure and make communities safer.

The first program is the new Strengthening Mobility and Revolutionizing Transportation (SMART) Grants Program. The SMART Grants Program is made possible by the Bipartisan Infrastructure Law, signed by President Biden on November 15, 2021. The program will offer up to $100 million in grants annually over the next five years and will fund projects that use data and technology to solve real-world challenges facing communities today.

As we undertake the most ambitious infrastructure investment in generations, thanks to the Presidents Bipartisan Infrastructure Law, we can and must plan for the transportation needs of the future, said U.S. Transportation Secretary Pete Buttigieg. From connected vehicles that make driving safer, to smart traffic signals that reduce congestion, to sensors to detect the quality of pavement to help prioritize repair, our SMART grants will fund technology that makes peoples lives better in communities across America.

The SMART program will fund purpose-driven innovation and focus on building data and technology capacity and expertise. The Program seeks proposals from public sector entities that will carry out demonstration projects in the following domains to address key transportation priorities:

Achieving our transportation priorities related to safety, economic strength, equity, and climate requires bold investment in new technologies and approaches, said Dr. Robert C. Hampshire, Deputy Assistant Secretary for Research and Technology and Chief Science Officer at US DOT. SMART supports a broad portfolio of projects across the country that will serve as beacons as we move toward a transportation system that is data-driven, values-based, and technology-enabled.

The second is the Federal Highway Administrations $60 million Advanced Transportation Technology and Innovation (ATTAIN) program to promote advanced technologies to improve safety and reduce travel times for drivers and transit riders and that can serve as national examples. As a result of the Bipartisan Infrastructure Law, ATTAIN-eligible projects will be evaluated on how they consider climate change and environmental justice impacts including how they reduce transportation-related air pollution and address the disproportionate impacts on disadvantaged communities. In addition, projects are evaluated on their economic impact and potential to create jobs.

As we level the playing field and improve the travel experience for everyone, we need to promote the use of state-of-the-art technologies, and the ATTAIN program does just that, said Acting Federal Highway Administrator Stephanie Pollack. The Biden-Harris Administration has taken a program with a track record of delivering innovation through the use of advanced technologies and made it truly forward-looking by refocusing its goals to include promoting equity and tackling climate change, in addition to creating jobs and delivering positive economic impact.

The SMART Notice of Funding (NOFO) is open now and can be found at https://www.grants.gov/web/grants/search-grants.html?keywords=SMART. Applications must be submitted by 5:00 PM EDT on Friday, November 18, 2022. Eligible entities are state, local, and tribal governments and agencies. For more information visit https://www.transportation.gov/grants/SMART.

The ATTAIN NOFO can also be found at http://www.grants.gov. State departments of transportation, local governments, transit agencies, metropolitan planning organizations and other eligible entities are invited to apply. Applications must be submitted by Friday, November 18, 2022. For more information, visit the FHWA web site.

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Biden-Harris Administration Announces $160 Million Available for Smart Transportation Technology that Helps Americans Get More Out of Their...

by MICHAEL MCCAUL

America has always been a country at the forefront of innovation. As a nation, we imagine the impossible and then execute.

When John F. Kennedy committed to putting a man on the moon by the end of the 1960s, he encapsulated the spirit of American determination, stating: We choose to go to the Moon in this decade and do the other things, not because they are easy, but because they are hard; because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one we intend to win.

That speech personified American greatness, and we built our national strength on our technological prowess. Yet over the last few decades, we have seen American innovation stolen and sold to the Peoples Republic of China (PRC), putting our technological leadership at risk of being overtaken.

Specifically, our export control system has failed to protect U.S. technologies from fueling the rise of our adversaries militaries and surveillance regimes. The Bureau of Industry and Security (BIS) within the Department of Commerce is overseeing a system that keeps very little technology away from the PRC.

Technological leadership will determine the outcome of our great global competition with the Peoples Republic of China. They are using their Military-Civil Fusion Strategy to remove any barriers for its military to access technology being used in, or developed by, the commercial sector. If BIS continues to mindlessly green light sensitive technology sales, the PRC will use it against us.

We recently witnessed a PRC hypersonic missile test which circled the globe and landed with precision. This was only possible through U.S. technology that was sold to them. This should be a wakeup call to all Americans that we must take export controls seriously.

Make no mistake the BIS has one of the most critical national security jobs within the U.S. government. This agency can stop the transfer of U.S. technology to our adversaries who use it for military applications and human rights abuses. With the stroke of a pen, the BIS can constrain the PRCs military and disrupt its surveillance state.

Yet for BIS, it is business as usual.

A recent Congressional Research Service (CRS) study found that of the roughly $125 billion in U.S. exports to China in 2020, BIS required licenses for 2.1 percent of exports.

Alarmingly, 99 percent of controlled technologies went to China without a license. This raises the question why is the BIS failing at its job and how can we make it the effective agency it needs to be?

The answer is to actually follow the law and pursue new legislation to ensure there are effective technology controls and more robust involvement from other national security agencies.

BIS can no longer look the other way or rubber stamp licenses when American companies are transferring sensitive technology to the PRC. The times have changed, and BIS needs to step up.

Moreover, BIS can no longer hide information and avoid transparency from Congress and the American people.

We must fortify BIS and ensure they are carrying out their mission to protect American intellectual property and innovation.

Our future depends on it.

Michael McCaul represents the 10th District of Texas in the U.S. House of Representatives. He serves as the Republican Leader of the Foreign Affairs Committee, and is Chairman of the House GOP China Task Force.

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China is Stealing Our Technology and That Will Come to an End - The Ripon Society

You dont have to be in the retail to know what a big deal Black Friday is. The promotions for sales the day after the U.S. Thanksgiving holiday are everywhere, from billboards to online. The Balance, a personal finance content website points out that Black Friday is one of the biggest and most profitable retail days of the year.

And the phenomenon extends far beyond the U.S.: Bustle.com reports that nearly 20 different countries have Black Friday sales of their own. But what if a retail company faced the prospect of its core digital systems being down during this pivotal four days?

Building on a solid foundation

And that brings us to Carrefour a French group and a leading global retailer. Carrefour has been a pioneer in the large food retail business for 60 years. The company reaches more than 100 million households a year and gets over a million single visits to all of its online shopping websites every day.

Thats impressive, right? But the leaders of Carrefours Brazil unit were concerned that their old Enterprise Resource Planning (ERP) system would not be able to keep up with the demands of a post-pandemic world. It was time to take their technology to the next level a new ERP in the cloud, that would be able to move more quickly and at the same time. Plus, save a great deal of money.

For whom the clock ticks

As they confronted this reality, the people at Carrefour were hearing the loud sound of a clock ticking. Black Friday was just a few months away. If there was any delay in the delivery of the project, the current data center would have to be shut down. In other words, the company would increase its costs for demand in November, when Black Friday takes place, said Paulo Henrique Farroco, the CIO of Carrefour Brasil. At that point, they had a little over three months to get it done.

The power of partnership

Carrefour chose SAP S/4HANA as the only system that would cover their entire process from origination, risk management, and logistics through back-office processes like finance, accounting, and tax to operational processes. And they picked partner Mignow for the project because it was the most innovative option, where all the steps of their data migration could happen automatically, through software. Using artificial intelligence tools, it understands the database, diagnoses the project, automates the conversion steps, and performs automatic updates.

Hitting the mark

With all the pieces of the plan in place, Carrefour completed the migration to a new data center and connectivity services structure in just three months. The highly complex project included migrating from the old on-premise system to a Cloud Software-as-a-Service environment updating the integration architecture using new middleware, and installing the very latest version of the new ERP. It was a major step into the future, and just as important, everything was ready well before Black Friday.

Adding it all up

Carrefour is already seeing the benefits from the project. Its reducing operating costs by 40%. The migration opens up the possibility for stores to predict whether the quantity of products ordered will increase or decrease, being ready for whatever their customers need. With more robust and faster analysis of sales orders, theyre predicting an increase in profitability.

Carrefour is even reducing energy consumption by 45% by moving from on-premise data centers to the cloud. The project minimized service disruption for shoppers and employees with seamless migration across on-premises apps. And Carrefours Paulo Farroco adds, As we continue to implement best practices and adapt our operations to the cloud, well be able to reduce our costs even further into the future.

This project earned Carrefour a winners position at the 2022 SAP Innovation Awards, honoring organizations that have used SAP products, services, solutions, and offerings to benefit both business and society. You can read the details behind Carrefours accomplishment in their Innovation Awards Pitch Deck.

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Timing, Technology, and Staying in Touch with Your Customer - CIO

David Lundquist, MD, Chief Medical Officer, Augmedix

Burnout is a growing situation that has been slowly undermining the productivity of physicians and their staff. And in recent years, its gotten worse as demands from patients, documentation, and regulatory requirements increase.

Adding to the situation are challenges related to added technology, the need to be virtual and to meet patients where they are, and the need to keep up with constantly changing information and landscape in terms of what our patients need from us.

Kirk Davis, executive director of operations at Dignity Health, calls it time poverty, as the demands on physicians increases, calling for more time in the office and less time spent at home with family, tipping the scale of work-life balance toward burnout.

Those who become physicians go into medicine because it gives them meaning and a sense of purpose. Yet many feel that their altruistic reasons have been washed out of the field of medicine, which has become very robotic and documentation centric as relationships with patients are de-emphasized. Adding to the mix are the challenges of RVUs, which determine reimbursements for services provided, and its easy to see how much of the work physicians perform seems unrelated to patient care.

Distracted Doctors

I compare the application of technology in medicine to distracted drivers and their cell phones. Cell phones are great, but when behind the wheel, drivers should be focused on the road and not texting and doing silly things that would keep them from being safe.

And I think in many ways, our physicians and staff are distracted clinicians. They have technology thats barking at them and asking them to pay attention and look at tasks and alerts and information. And during the pandemic, we added video visits, forcing physicians to fumble with another layer of technology to interact with patients but distancing them even more in some ways.

On top of this, add in the demands of EHRselectronic health recordsand documentation; its no wonder our docs are distracted. More clinicians are retiring early, switching professions, reporting burnout and depression, and even committing suicide.

Can Technology Lessen the Burden?

The promise of technology in medicine certainly makes sense. We see it in other industries, making it more efficient to book travel, look up a restaurant and figure out where were going to eat or buy movie tickets, or whatever it is in our lives that has been made a little bit more accessible and easier to do.

And yet, in healthcare, it feels like the promise of technology hasnt quite hit it yet. Were a little bit behind other industries. Businesses were already conducting video teleconferences, but pre-COVID, virtual visits were only being piloted on a tiny scale. The pandemic forced clinicians to embrace virtual visits quickly. And while virtual visits are not the solution for every patient, its a solution for many, as providers and patients utilize the available technology to make the pathway for patient-provider contact easier.

Are Algorithms Replacing Experience?

On the one hand, technology does make patients safer. Data-driven programs provide predictive modeling, and some physicians use drop-down menus to make decisions. But when do years of training and experience outweigh algorithms? When data replaces experience, does it take the meaning from the work as physicians lose the sense that their training and experience are relevant? At what point does a physician rely on their training and experience and not the data? Were still trying to figure that out.

But at the end of the day, were still treating unpredictable humans who may be facing stressors contributing to their condition, which the computer cant account for.

As humans, we have this unique ability to take a lot of complex data and bring it together and find the nuance in all of that. And I think that computers, technology, and automation can do some of the heavy lifting work. And when we pair that with our unique humanness, we can arrive at a patient-centric diagnosis for the person sitting across from us versus a generalized answer.

The Electronic Health Record

In no place has technology expanded to meet documentation and regulatory demands more than the EHR. From the Dictaphone and transcriptionists to voice to text, voice to transcription into the EHR, to the use of scribeswere seeing greater use of technology to work in the EHR.

Technology has helped clinicians stay up to date on charting instead of working late and having stacks of incomplete paper charts on their desks.

Patients are embracing this technology as well because its improving access, its speeding up care, and probably most importantly, its making things convenient for them. Because all records are a click away, theres never the risk of a misplaced chart. And a physician on call has access to charts while at home.

Technology can support the work-life balance.

Technology can make it easier for patients to see their clinicians and make them feel more comfortable. Technology can help fill staffing shortages. And technology can help physicians work at the top of their licenses and work with patients in the way we want to. If we incorporate the right tech into our day-to-day, it becomes a blessing.

In my opinion, technology is our North star, and we need to embrace it.

About David Lundquist, MD

In December 2019, Dr. Davin Lundquist joined Augmedix as Chief Medical Officer.In this role, Dr. Lundquist drives rapid technological innovation across Augmedix product development teams while maintaining clinical excellence and tight alignment with the ever-changing US healthcare landscape. Dr. Lundquists portfolio includes introducing next-generation natural language processing automation modules into the Augmedix workflow and advancing Augmedixs real-time support systems prompting doctors to close care gaps and tend to other critical quality initiatives. Dr. Lundquist also supports the companys commercial efforts as it expands its footprint among major US healthcare systems.

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Physicians and Technology: A Blessing or a Curse? - HIT Consultant

With 10,000 people expected to be in attendance, Ohio State will host its 60th Farm Science Review Tuesday. Credit: Katie Good | Asst. Photo Editor

Ohio State will host its 60th Farm Science Review Tuesday through Thursday at Molly Caren Agricultural Center in London, Ohio, to educate attendees with new agriculture technology and learn from the industrys experts.

Nick Zachrich, FSR manager, said when the event first started in 1963, it was a way for the agriculture industry to show off its new technology, and it gave Ohio State a chance to showcase its research.

Zachrich said what started out with around 100 exhibitors on 20 acres of land now has hundreds of exhibitors spanning 90 acres. There are over 100,000 people expected to attend, he said.

According to the Farm Science Review website, this years event will have over 600 commercial exhibitors from across North America, and several million dollars worth of machinery will be displayed.

In addition to the exhibitors from the agricultural industry, many Ohio State extensions community-based outreach units from the College of Food, Agricultural,and Environmental Sciences and departments have their own displays for outreach and recruitment, Zachrich said.

This farm show is one of only a few in the U.S., Zachrich said, and it is the only one of its kind.

Theres no other show that does what we do as a university for education, in one place at one time, like we do here, Zachrich said.

Zachrich said the FSR is a great resource for students to find a potential career. He said many companies at the event are hiring, looking for young people with specialized knowledge, even if they lack experience with agriculture.

In many cases now, we need the people that are highly technical that do things in computer science, in engineering and in business, Zachrich said. And they do not necessarily need that agricultural knowledge that can be trained and learnedbut we just need very talented people in the industry.

Zachrich said there is a career-exploration fair Wednesday at which students and mid-career professionals can connect with 20 leading companies in the agriculture industry.

Tim Sullivan, a third-year in agricultural systems management, said hes been going to the FSR since he was a kid, so its great to be involved with the event as a student now because it provides opportunities to gain experience in large-scale event planning.

It really allows students to get a hands-on experience in event planning and to get a hands-on experience in putting a world-class show on display, Sullivan said.

Zachrich said this years FSR will allow attendees to see how far agriculture technology has developed in a short period of time.

We can look at the technology even from the last five or 10 years and see how much weve advanced and developed, and to think of how much more it will be advanced and developed in the next five to 10, Zachrich said.

Sullivan said the FSR is a great opportunity for people to learn more about how their food is grown.

I think theres a lot to learn, and I think its an industry that people should get excited about because its where their food is coming from, Sullivan said.

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The 60th Farm Science Review to showcase the newest technology in agriculture - OSU - The Lantern

Singapore, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Since FED entered the interest-rate hike cycle in 2022, crypto-assets have had a domino effect: coupling un-anchoring of Luna and TerraUSD, sharp decline of UST market capitalization, dramatic drop of Luna, failure and potential bankruptcy of Three Arrows Capital - a hedge fund and cryptocurrency investment organization, which has brought about severe losses to the whole encryption credit industry. Vauld, Voyager Digital and BlockFi also have been involved directly or indirectly, and the cryptocurrency lending platform Celsius shows a liquidity crisis. At present, multiple global cryptocurrency platforms are faced with the credit crisis, and high-leverage investments may be gone for ever.

The prospect of global economic recovery is worsening. Coupled by multiple factors, Bitcoin has fallen by more than 50%, compared with the maximum point in 2022. The entire blockchain industry enters the cooling period, and the market sentiment is no longer FOMO. Previous wild development such as "concept first", "well-designed sale" and "over-issue and break issue" is no longer applicable. Drastic fluctuations of the financial market are accompanied with huge bubbles. The storm caused by a sharp decline in the cryptocurrency circle after the global interest rate rise is still brewing. When the market enters a cooling period, greater and more excellent products will emerge. This is an essential process for an industry to go through. Luna event has directly led to asset losses at all levels of the industry. Is there a way to ensure the stability of market capitalization and let the global community continue to reach consensuses and create value?

Recently, MNI Technology, a Singaporean company, announced launch of the "Meta Plan", and planned to release a new "bubble-free" financial platform WEB3.0 MetaFinance in September, to launch the "MetaFinance Program" together with over 20 communities and institutions around the world (including TBN Capital, T2 LATAM, CRYPTO Lab, METAMOONSHOTS, CRYPTO Star, CRYPTO Lion, CRYPTO DETECTOR, CRYPTO Moon, CRYPTO Commando, Wealthytalkz, CRYPTO City, ACS COMMUNITY, CRYPTO Army, Crypto Arena Team, Geek Chat, DREAMBOAD, CRYPTO RUSH NETWORK, Crypto Gold, CRYPTODNA, CRYPTO Blasters, CRYPTO Prosper and CRYPTO Clash, and to cooperate with global blockchain developers (including MetaFi-Lend, MetaFi-Swap, MetaFi-Insure and MetaFi-Vault) to develop series DeFi matrix protocols and MetaFi-GameFi applications.

Story continues

MNI is an innovative technology company located in Singapore, specializing in developing blockchain innovative products and applications, and providing financial solution thinking and overall technical solutions for traditional DeFi. In the face of increasingly complex blockchain market, MNI, together with its cooperators, invests to establish an MNI investment research organization which focuses on WEB3.0, GameFi, NFT, DeFi and DAO, grasps the development vane of blockchain industry in real time, arrange the whole industry chain services based on investment research results, and achieves the improvement and innovation of MNI ecosystem. Based on the MNI investment research organization, MNI ecosystem could realize information interconnectivity and interact with communities more efficiently at a lower cost.

Redefining "Fintech", MNI explores a more optimized business model Opening and innovation of fintech is one of the focuses of future innovative technology companies. "Fintech" represents the collision and fusion of "finance" and "technology". The penetration of technologies into the financial market has driven the re-development of the financial market. Seeing from different dominators and scales, there are mainly four types of fintech players: innovative companies providing financial services through new technologies and new models; traditional financial institutions that innovate themselves and embrace new technologies; Internet giants which incorporate the financial sector into ecosystems of large technology companies; and technology suppliers selling infrastructures to financial institution and enabling them.

Beyond all doubt, there are most innovative companies with a sense of openness and innovation in the blockchain industry, while MNI Technology is exactly such an innovative blockchain technology development company. Like other blockchain startup technology companies, MNI stands at the forefront of era development. How to embrace challenges through new technologies and new models, obtain better overall competitiveness and open a new chapter?

In November 2021, metaverse embraced a brief outbreak after long-term preparations. However since metaverse was still in the concept stage, people's attention turned to the decentralization-centered Web 3.0 in February 2022, which realizes the trinity of user's independent value creation, value confirmation and value exchange, and makes the real world and virtual world permeate each other.

As the underlying technology is broken through and user demand evolves and upgrades, the Internet paradigm is also evolving. While inheriting and transforming some successful business models of Web 2.0, Web 3.0 also gives birth to a brand-new market and relevant business models. On the one hand, the financial service function which is deficient in Web 2.0 rises in the form of decentralized finance (DeFi), which accelerates financial innovation by combining different forms of basic contract products and provides unprecedented financial services for users without thresholds and frictions. On the other hand, game, social contact and content creation and distribution as the major application examples in the era of Web 2.0 will still play an important role of traffic entry and experience scenarios in the world of Web 3.0. From Play to Earn of GameFi, Create to Earn of creator economy to Share to Earn of SocialFi, the "X-to-Earn" model of Web 3.0 implements variable consumption experience, and there have been some successful examples. But, "X-to-Earn" which combines the token incentive mechanism through NFT may have a new financial attribute, attract more users and become more accessible to the public.

In fact, the previous DeFi repeated the same mistakes in the financial history almost from beginning to end, and it is impossible to create a new financial logic independently of historical financial experience and realistic market systems. Under the general background, industry challenges are more difficult. MNI Technology and its global technical advisory team choose to positively embrace challenges. According to official Twitter (metafinance_dao) information of MetaFinance, MNI Technology will provide technical support and services for the MetaFinance platform to be launched in September and Dapp application program. MetaFinance is an interesting decentralized comprehensive financial ecological platform, and its functions include" order aggregation, group coining, over-collateralization, blind box of tokens, probability blind box prop, NFT card pledged mining and NFT trade". According to relevant information, MetaFinance integrates respective advantages of DeFi, NFT, GameFi and DAO and skillfully develops "bubble-free", "short-selling-free" and " strong-deflation" financial logics and operating mechanism so that the token MEFI of the MetaFinance platform has a characteristic of steady value increase and core pain points of the industry like defects and shortcomings of algorithmic stablecoins are addressed.

Avoid competitions of new public chains on purpose and better associate with users through the application protocol From its development history, we know that the encryption industry seems to attach more importance to network protocols than application protocols. But now, the market competition trend has changed subtly. New ecosystems or platform systems are trying their best to make application protocols easy to deploy and accessible to users. As technological competitions of blockchain become increasingly fiercer, more application protocols start to explore commercialization, platformization and their profit models. MNI Technology did not mention the development information of new public chains that most technology companies in the industry pursue in the "Meta Plan" published recently, but chose series application protocols as its development focus, including MetaFi-Lend, MetaFi-Swap, MetaFi-Insure and MetaFi-Vault. MNI Technology is inclined to obtain more stable industry development orientation and diversified competition strengths through encryption application protocols. It is known from the information about MetaFinance that MNI Technology keeps seeking a more optimized business model for MetaFinance, accumulates more "Bottom-line Revenue" and attracts "Base-line Users" through MetaFinance application protocols.

MNI Technology holds that MakerDAO's over-collateralization for DAI token minting is more valuable for reference The data of Coinmarketcap show that the top four stablecoin tokens based on the market capitalization are USDT, USDC, BUSD and DAI. According to the market capitalization of the top four stablecoins, we can see that Tether is in a dominant position in the stablecoin market with a high share. Although DAI only accounts for about 3%, the growth rate of its trading volume is much faster. Since the beginning of January 2020, the trading volume of DAI has grown by 4,000%, while that of Tether has increased only by 126%.

(Ranking of top-grade stablecoins based on the market capitalization, Data of Coinmarketcap on September 2)

Tether (USDT) is a centralized stablecoin pledged by legal tenders, and it is anchored to USD 1 by holding a reserve of USD 1 for each Tether token. Its reserve is kept in financial institutions, and users have to trust that Tether as an entity indeed has the alleged amount of reserve funds. With the U.S. interest rate rise, the crisis of Celsius (a cryptocurrency lending platform) and sanctions on Tornado Cash by U.S. Department of the Treasury, centralization signs are even more visible, resulting in a big controversy. In a sense, this runs counter to the decentralization concept of blockchain.

DAI is a decentralized stablecoin pledged by cryptocurrencies. MakerDAO is born with the characteristics of blockchain, which is safe, untampered and transparent. DAI is generated by pledging cryptocurrencies (such as ETH). Its value is anchored to USD 1 through protocols and smart contracts voted by a decentralized autonomous organization. In any given time, collaterals used to generate DAI could be easily verified by users. Token minting in the form of over-collateralization has been well verified on MakerDAO, which is also the key to the stability of DAI stablecoin.

MNI Technology holds that DAI minting mode conforms to the decentralization feature of blockchain and the trend of financial development. Its safe, transparent and fair characteristics are more in line with the market and business reputation that users care about. During developing the MetaFinance platform, MNI referred to the successful experience of MakerDAO in DAI minting based on over-collateralization.

Manage token value by algorithms and let the platform ecology have infinite possibilities and extended development space Decentralization is fundamental operation logic of Web 3.0. The infrastructures of MakerDAO strengthen system security through comprehensive risk protocols and mechanisms based on real-time information. Fully absorbing the successful experience of DAI, the entire platform of MetaFinance runs on smart contracts. MEFI, the governance token of the platform, is also generated on the basis of over-collateralization. But differently, DAI mints stablecoins by pledging circulating tokens (ETH), while MetaFinance pledges stablecoins to mint the governance token MEFI. The part of over-collateralization forms the basis for guaranteeing the value of MEFI tokens. In addition, users destroy the underlying asset return stablecoins by trading slippage when redeeming assets, further ensuring the steady growth of the value of MEFI tokens. Algorithm-based token value management will be a great innovation in the whole trading market.

Governance tokens are produced by stablecoins, which means all circulating assets on the market can be used to mint governance tokens through Swap routing contracts. Meanwhile, the guarantee of assets value on the platform also makes the ecology of the platform have infinite possibilities and extended development space.

MetaFinance platform application protocols have stronger usability and lower thresholds We can know from globally famous Dapp application platforms that most DeFi platforms are basically "to B", i.e. to big capitals and institutional units. On the one hand, big capitals and institutional units more value DeFi, and have more strength to gain profits and stronger resources to compensate for the operation complexity of DeFi. As a result, the participation of public users at C terminal is not high, and their desire for profits is not strong. To push DeFi to maximum its value and achieve the most meaningful "to C" inclusive finance, the usability and thresholds of DeFi should be close to those of Web 2.0 to realize a leap in the user scale.

This is the opportunity for MetaFinance to innovate and emerge.

Web 3.0, DeFi, GameFi and even DAO are still in the very early stage, so it is definite that there will be 100 or 1,000 times more room for the growth of user scale.

MetaFinance adopts decentralized blockchain technologies and code contracts, improves user convenience at the front end and reflects "funs" to the extreme.

MetaFinance provides different participation modes for users

Coin minters: users participate in automatic grouping through the group protocol (participate in three-person Hand Game PK, that is, the orders of three persons are aggregated for contractual "Rock-Paper-Scissors", among whom Scissors user wins the prize and the other two users obtain the token of the platform MEFI and the blind box of NFT game cards). In other words, MEFI tokens minted by over-collateralization will be generated with different probabilities and in different quantities, like opening a blind box.

2. Miner: users open NFT prop cards and "collect cards to mine" in the platform system. NFT prop cards can be exchanged freely, and NFT props can be traded and sold in the trading market.

3. Node partners: Global communities participate in panic purchasing, hold a limited number of MetaFinance-NFT users as the platform node partners, also the core members of MetaFinance-DAO organization, and obtain permanent dividend benefits and short promotion awards of MetaFinance platform. Besides, they are vested interest gainers of other platforms and application programs developed by MNI Technology, including SLG chain game HeroBattle that GameFi cooperates on and interest partners of MetaFi-Lend in the MetaFinance Program.

4. Liquidity providers (abbreviated as LP): Users gain transaction fee dividends through adding LP liquidity of USDT-MEFI. The characteristics of MetaFinace platform protocols decide the stable revenue of LP Token pledge, without the risk of impermanent loss.

5. Investment traders and Swap market makers: Users could participate in coin minting, hold MEFI tokes, hold currencies for appreciation or redeem USDT, and destroy MEFI tokes. Users can also carry out spread arbitrage/brick arbitrage with Swap on the BSC chain in the MetaFinance minting system, and participate in automatic management of market capitalization. Such participation mode is called "WEB3.0 DAO-FINANCE market capitalization management mode" by MNI Technology.

Users are badly in need of value investments for assets hedge and steady appreciation in the cooling period or bear market The crypto-asset industry started to enter "cooling period or bear market" in the second quarter of 2022, which brings more opportunities to more startups and innovative companies in the blockchain industry, and the future pattern of the financial industry may be reshaped. In the meantime, the user group entering the "cooling period" no longer cares about thousand-fold and hundredfold coins in financial bubbles, but seeks for the assets that maintain value and steadily appreciate.

We know that the root cause or the core pain point of "bubbles" in the traditional DeFi finance lies in two aspects. First, the bubble problem of interest-bearing assets. Financial bubbles continue to emerge and the demand for new funds s rises exponentially. "Fairness and justice" could not be achieved for token issuing, and tokens have systemic risks such as "high control, official website or run-away". Second, the pain point problem of market capitalization management, including the inability of long-term steady appreciation, and the risk of selling tokens by institutions, inevitable "rat trading" issue and the risk of a sharp rise in the market capitalization.

In the fields of DeFi and GameFi, their common pain point is that over 90% of platforms or products feature "interest-bearing assets". The inflation bubble issue caused by interest-bearing assets makes sustainable development of products impossible and maintenance of token value difficult. Besides, it will be difficult to retain and continuously increase users. All these will lead to a "sense of loss" or a difficulty in reaching a long-term consensus.

Through the long-time research and comparison of excellent projects in the industry, full differentiation of different fields such as WEB 3.0, DeFi, GameFi and DAO in the aspect of technical feasibility and skillful integration of their core characteristics, MNI Technology ensures the sustainable development of the platform, the continuous increase of users, and steady appreciation of MEFI governance tokens, satisfies users' rigid demand in both bull and bear markets and will obtain huge industry dividends in the future.

The MetaFinance platform has realized open source of source codes, contract decentralization, and steady appreciation of MEFI governance tokens through some economic mechanisms and operation logic such as over-collateralization and strong deflation. Moreover, all MEFI tokens are produced by users through "MetaFinance group application protocol", and achieve "no total circulation, no private placement and zero reserve".

As the first platform developed by MNI together with over 20 communities around the world, MetaFinance is governed in the form of DAO and can create new productivity and production relations. Compared with traditional companies, it is more superior.

Value capture: Different "card collection to mine", zero-sum game and the probability of winning will enhance user viscosity It is known from metafinancedao.gitbook.io, participants will open NFT prop blind boxes of different attributes and features with different probabilities. NFT prop blind boxes have four NFT prop cards Users are familiar with in Poker, including "Jake, Queen, King and Joker". The cards are graded from low to high: Grade S, Grade SS and Grade SSS. Users could freely choose to generate higher-level cards for higher mining revenue. MetaFinance's interesting and skillful design in economic models and mining models could be seen from zero-sum game of Rock-Paper-Scissors order aggregation group protocol, four NFT prop cards with different probabilities and mining algorithm interests to collect cards for mining to users' acquisition of higher-level NFT prop cards with different probabilities for higher revenue. Different from "card collection for mining" in other industries, MEFI tokens of MetaFinance for card collection for mining come from the following, which ensures it different from all NFT mining rules in the industry, that is, there is no interest-bearing asset or bubble: (1) 18USDT generated from TOKEN blind box minting is equivalents to MEFI tokens in the order aggregation group protocol; (2) 2% of transaction fees of decentralization trade Swap on the BSC chain; (3) 2% of transaction fees in the embedded NFT trading market of MetaFinance.

We have to mention an interesting "forced sale rule", that is, players participate in NFT card collection for mining and the MetaFinance platform system forcibly sells (and destroys) MEFI tokens in the way of smart contracts whenever taking earnings. Users gain the stablecoin USDT.

The quality of products, technological level and the degree of innovation form the optimal core competence of an innovation platform As an interesting and decentralized financial platform, MetaFinance has diverse interesting games, including but not limited to interesting on-chain automatic order group protocol (Hand game PK), innovative OC (Order Consolidation) order aggregation minting model, funny NFT game card pledge mining and built-in digital collection trading and exchange, a limited quantity of MetaFinance-NFT permanent dividend rights, minting, redemption and destruction of MEFI platform governance tokens. The ecological protocol of MetaFinance runs on a completely decentralized chain, so all operation paths can be retrieved on the chain, which is independent and secure, without third-party special permission. It implements "bubble-free" operation logic and mechanism with decentralized financial thinking and realizes the steady growth of MetaFinance platform tokens MEFI.

From the perspectives of products, technologies and degree of innovation, the MetaFinance platform sounds complex, but when it is split apart, GameFi, DeFi, NFT and governance tokens are common technologies in the ecological platform of blockchain. The order group protocol, OC order aggregation minting model, "bubble-free" operation logic and mechanism are the main highlights of MetaFinance platform application.

DeFi smart contract group protocol: the orders of three persons are aggregated for contractual "Rock-Paper-Scissors", among whom Scissors user wins the prize and the other two users obtain the token of the platform MEFI and the blind box of NFT game cards. Could you find out the signs of traditional panic purchasing and group buying model?

Order Consolidation(abbreviated OC) minting system and "bubble-free" logic: Token will be usually issued before traditional blockchain projects are launched. Regardless of the circulation, users usually pay the bill. The OC order aggregation minting model introduces the advantages of advanced Web 3.0, decentralized DAO governance and DAO-Finance market cap management, adopts "strong token deflation design", utilizes the over-collateralization and "bubble-free" minting method, and automatically executes smart contracts. Every participant is "coiner". This is a minting model which is completely launched and triggered by users and promotes token destruction and deflation. All MEFI Tokens are produced by users in the way of opening blind boxes, and circulated by users utilizing assets as the collateral. In this way, the platform has sufficient USDT contract pool capital for users to redeem, while the redeemed MEFI tokens will be destroyed from the total circulation for deflation so as to keep the sustainable development of the platform. Users can also choose multiple modes to participate in token hedging and free trading to balance spread bubbles between the platform system and the Swap secondary market of decentralized exchanges. In other words, when the price of the platform system is higher than that of Swap tokens, or when the price of the platform system is lower than that of Swap tokens, the spread arbitrage space exists. Wise users will balance the market capitalization in the capacity of "spread arbitrager".

It is found from the previous industry history that in the initial development stage and even in the platform development planning stage, many platforms regarded the pursuit of latest technologies and application of multiple technical means as the primary factors of platform development so as to attract traffic. However finally, it is a flash in the pan. After the launch of platforms, market capitalization was broken. Even if the original intention is good, they also went the way of harvesting and being harvested. Based on the above implementation architecture and business logic of MetaFinance, MNI Technology and its team are very clear that compared with mature technologies and product innovations, it is necessary to consider, evaluate and measure "the sustainable development of platform-based ecological applications".

Build a really decentralized inclusive fintech platform and efficiently serve C-end user groups

What LUNA, TerraUSD, Three Arrows Capital, DeFi and even the whole encryption industry have experienced will eventually become their experience and lessons. Any industry goes ahead in continuous trials and errors.

It is said that global fintech has entered a deep end, and the blockchain industry is still exploring in the shallow end. In the future, how to build a really decentralized fintech platform and enable fintech innovation companies, Internet giants, traditional financial institutions, technology providers and supervision departments to confront the increasingly complex blockchain market in the dynamic game. We have reasons to believe that MNI Technology and its decentralized integrated financial platform MetaFinance could inject a stream of warm current in the current winter period of the industry during summarizing the experience of trials and errors, draw on the successful experience of MakerDAO, break through deep-level development bottlenecks of traditional financial systems, access to and serve the C-end user group in a more efficient manner by its excellent products, mature technologies and logical business models.

For more information, please visit:GitBook,Telegram,Twitter,Medium,Discord,Instagram,Facebook.Contact: Calvin Klein(Singapore)Gitbook: metafinancedao.gitbook.io/metafinanceTwitter: @MetaFinance_DAOTelegram: t.me/metafinanceclubMedium: @MetaFinance_DAODiscord: discord.gg/CpbqdPNJa5Instagram: http://www.instagram.com/metafinanceclubFacebook: http://www.facebook.com/metafinanceclubEmail: metafinanceclub@gmail.com

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Singapore MNI Technology Launched the Meta Plan and MetaFinance Pioneers Bubble-Free New Finance - Yahoo Finance