Coinversation Protocol is a synthetic asset issuance protocol and decentralised contract trading exchange based on the Polkadot contract chain. It uses the token CTO issued by Coinversation Protocol and Polkadot(DOT) as collateral, and synthesizes any cryptocurrencies or stocks, bonds, gold and any other off-chain assets through smart contracts and oracles. Users can forge a certain synthetic asset by collateralizing CTO or DOT, such as U.S. dollars, and automatically have a long position in the asset. Users can also convert minted assets into other assets through the trading platform, so as to realize the purpose of shorting the asset and longing…

Phase2 Volunteer Graduation

After the announcement of the volunteer recruitment phase 2, the CoinStar team has been continuing to grow with new friends joining the Coinversation volunteer team. We are very excited to introduce to you all the new volunteers who have officially joined the CoinStar Program.

1. Ah Rong

Volunteer in the Chinese community who has invited about 200 new members to join us.

2. Jimoh Abdulwasiu okandeji

Volunteer in the overseas community, who proactively produced several Coinversation publicity science posters and promoted them in various overseas communities as well as social media platforms.

3. newssyy

Volunteer in the overseas community, who…

Coinversation’s first community AMA just ended last Thursday. Our product manager, Hyman, came and shared lots of details about Coinversation. He also answered five questions provided by the community from Twitter. Here is the recap of that night’s sharing:

  1. Can you briefly introduce the Coinversation project?

Coinversation is the first synthetic asset project in Polkadot’s ecosystem. It was officially released in August 2020 and received Web3 Grants in October.

The core members of the team come from tier-1 technology companies such as Alibaba, Ant Financial, Google, etc., …

For celebrating our Twitter followers exceed 20,000, we wanted to launch a fun community activity to help spread the word about Coinversation Protocol: the Coinversation Protocol Community Meme Contest.

Contest Prizes

Three excellent MEMES created by the community will receive the $CTO prizes equal to the same value USDT. The Coinversation Protocol team will ultimately determine the winners. We will choose the final winner from 1st place to 2nd place to maximally reduce any unfair advantage for content creators with large communities, which may bias the results. At the same time, we will also set up a Popularity MEMES prizes. That can…

The market is changing in June, but it did not affect the project progress of Coinversation. Twitter followers in June exceeded 20,000.

1. Continued dApp’s front-end development

2. Improved minting center and destruction mechanism

3. Completed coding for two milestones

4. Partnered strategically with Stratos Network in decentralized data storage

5. Partnered strategically with Dora Factory in governance mechanism (DAO)

6. Established Telegram Chinese Community

7. Interviewed by ChainCatcher and reported in-depth on “How Coinversation’s Product Design Meets Diversified User Needs”.

1. Media reports

● Coinversation’s Twitter followers exceeded 22,000!

We are delighted to announce that Coinversation Protocol is to partner with Dora Factory. Through this cooperation, Coinversation will establish a basic governance mechanism for the community based on Dora Factory’s DAO-as-a-Service.

On-chain governance is very important for synthetic asset agreements and decentralized transactions. An efficient community governance mechanism, like DAO can make higher asset utilization, faster protocol iteration rate and higher quality.

“We are very happy to be able to use the on-chain governance mechanism on Dora Factory, such as quadratic funding, to meet the needs of our community in governance, fundraising, and collaboration.” Lin Chen, Co-Founder of Coinversation.

In 2020, the DeFi boom brought by liquidy mining had accelerated the financial evolution of cryptocurrencies, and the emerged synthetic assets also crafted a new form of financial derivatives on the chain. More entrepreneurs in the crypto world are excited to say that synthetic assets will bring a wild future to Defi, creating new things that cannot be achieved in the traditional financial world.

Indeed, synthetic assets amplify the combinability of assets on the chain and build a bridge for the DeFi ecosystem to the traditional financial market with a scale of hundreds of billions, which greatly enriches the investment…

We are delighted to announce that Coinversation Protocol is to partner with Stratos. Coinversation will deploy and run web pages on Stratos and will store user data using Stratos decentralized storage.

Through this cooperation, Stratos will provide Coinversation Protocol with secure and scalable decentralized storage services to store important user and transaction data, ensuring the ownership of these encrypted data belong to the customer themselves. Coinversation Dapp will also be deployed on Stratos Decentralized Data Mesh to assure the running codes are stored in a secure yet decentralized environment.

Why Stratos

Decentralized cloud storage is very important for Defi, especially…

Coinversation is excited to announce the partnership with Clover Finance.

Clover is bringing the Ethereum Virtual Machine framework to Substrate-based applications. This capability enables projects to deploy Ethereum dApps on Polkadot, and create trustless two-way pegs between ERC20 and DOT-based assets.

Through this cooperation, Clover will bring more ERC20 assets to Coinversation Protocol and allow users to mint synthetic assets by mortgaging ERC20 assets. At the same time, Coinversation will integrate on Clover’s parachain Sakula for the smart contract testing.

About Coinversation

Coinversation Protocol is the first synthetic asset issuance protocol and decentralised contract trading exchange based on the Polkadot contract chain…

May 28, 7 pm (GMT+8) on DeFi Seven o’clock Community,

Gieno Miao, Coinversation community developers, shared theme: Coinversation will likely become the first landing dApp on Polkadot.

DeFi Seven o’clock community is the first DeFi community in China;

It was jointly initiated and established by many GOATS of blockchain technology;

The purpose is to learn knowledge of DeFi and promote the implementation and application of blockchain technology in various industries.

Q1. Can you briefly introduce the Coinversation Protocol and the main modules of the project?

Coinversation mainly includes casting synthetic assets, creating and generating liquidity pools and withdrawal of assets, decentralized contract exchange AMM, collateral pools, fee pools, oracles, liquidity mining, etc.

Coinversation Protocol

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