Send and receive interest: Users deposit tokens into the BenQi platform and then receive interest. Get a loan Before borrowing, users are required to deposit any property as collateral. Then, go to the “Borrow” section and click “Borrow” to borrow the property. Set the desired amount to be borrowed based on the user’s available deposit to be used as collateral for the loan. Choose a “stable” or “variable” rate and confirm your transaction. Rates may be changed at a later time. Liquidation mechanism: Liquidation occurs when a borrower’s “Health Factor” falls below 1 because the value of their collateral does not include the correct amount of their loan/loaned value. This happens when the collateral decreases in value or when the borrowed debt increases in value relative to the collateral. The ratio of collateral to loan value is shown in the health factor. In a liquidation, up to 50% of a borrower’s debt is repaid, and that value plus a liquidation fee is taken from pre-existing collateral. Administration: The protocol will begin with centralized governance from the founding team, with the final decentralization of the protocol to be officially reconciled during implementation. QI tokens will be required to first put forward, then vote on proposals (BenQi Improvement Proposals) that will affect the key [economic, security and development] parameters of the protocol: Interest model. The addition of assets meets the risk requirements of the protocol. The collateral and liquidation parameters. Change the liquidity program and adjust incentives based on market conditions. Improve Smart Contract or governance process https://idodar.com/listing/benqi-qi/

MetaUFO players can participate in UFO Gaming by minting playable characters in the form of NFTs called MetaUFO. This is done by farming the in-game utility points with the native MetaUFO token. With MetaUFO, players battle against a hostile alien race in a scavenged world to defend world peace and tranquility while earning rewards for completing daily quests. MetaUFO can also be leveled up and later sold on the MetaUFO Gaming marketplace. $MetaUFO will be the sole currency of the entire ecosystem. Paid in $MetaUFO Licensing, NFTs, And all payments in any direction. $MetaUFO aims to change the world through financial, technical, and perceptive endeavours – ultimately populating the next frontier. https://idodar.com/listing/metaufo-metaufo/

Ethereum Compatibility Moonbeam uses a Proof of Stake-based consensus mechanism, which means that Proof of Work concepts, such as difficulty, uncles, hashrate, etc., generally don’t have meaning within Moonbeam. For APIs that return values related to Ethereum’s Proof of Work, we return default values. Existing Ethereum contracts that rely on Proof of Work internals (e.g., mining pool contracts) will almost certainly not work as expected on Moonbeam. Moonbeam includes an extensive set of on-chain governance features based on Substrate functionality. These onchain governance modules include functionality to power upgrades to the blockchain itself based on token weighted voting. Unified Accounts Moonbeam’s focus is to create a fully Ethereum-compatible environment on Polkadot with the best user experience possible. This extends beyond the base Ethereum feature set, with additional features such as on-chain governance, staking, and cross-chain integrations. With Unified Accounts, a user (let’s call him Bob) will only need a single H160 address, with its corresponding private key, to do everything we mentioned above including both EVM and Substrate functions. Cross-Chain Integration Plans One of the key planned features for Moonbeam is to provide an easy way for developers to use smart contracts to integrate with other chains in the Polkadot ecosystem. Polkadot defines a low-level integration protocol, called cross-chain message passing (XCMP), that can be used to facilitate communication between parachains within the Polkadot network and share trusted logic between chains on the Polkadot network, called shared protected runtime execution enclaves (SPREE). Parity is in the process of implementing XCMP and is in the design phase of SPREE as of writing this document (July 2020). Post-Polkadot mainnet launch, XCMP and SPREE support will be released as upgrades to the Polkadot relay chain. We plan to implement and support integration scenarios based on these protocols when they are available. Staking Moonbeam uses a block production mechanism based on Polkadot’s Proof-of-Stake model, where there are collators and validators. Collators maintain parachains (in this case, Moonbeam) by collecting transactions from users and producing state transition proofs for the relay chain validators. Governance Moonbeam is a decentralized network that will be governed by a community of token holders, including core developers, application developers, collators, users, and other contributors. Treasury A treasury is an on-chain managed collection of funds. Moonbeam will have a community treasury for supporting network initiatives to further the network. This treasury will be funded by a percentage of transaction fees of the network and will be managed by the Council. Each Moonbeam-based network will have it’s own treasury. In other words, the Moonbase Alpha TestNet, Moonshadow on Westend, Moonriver on Kusama, and Moonbeam on Polkadot will each have their own respective treasury. Nimbus Parachain Consensus Framework Polkadot relies on a hybrid consensus model. In such a scheme, the block finality gadget and the block production mechanism are separate. Consequently, parachains only have to worry about producing blocks and rely on the relay chain to validate the state transitions. https://idodar.com/listing/moonbeam-glmr/