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Press Release

ORC, The Dark Horse in OPEN Eco-Layout

Published

5 years ago

on

Scientific innovations are the driving force for times transformation. Following steam engines, electricity and computer, Blockchain has brought a new revolution to technology and industry of this era.

When it comes to the currently most-talked-about blockchain technology, the decentralized finance (DEFI) deserves a special mention.

As of June 2020, the daily value locked in DEFI has broken the record, now standing at 27.3 billion dollars. It has been nibbling away at the trillion-dollar digital currency market, growing continuously into a giant.

DEFI presents huge market dividends, attracting many industry pioneers to grasp the preemptive opportunities for participation.

OPEN – Bring a wider range of assets to DeFi

OPEN is right among them. OPEN Foundation has started the overall layout of DEFI industry since 2019. After prudent and comprehensive considerations, OPEN chose OnlyChain.

Based on its analysis of OC’s position ratio via its digital asset management company with BTC Grayscale as a benchmark, OPEN has long appreciated OC and set mind to build DEFI ecology on OC system.

Open Finance is a basket of open finance and currency protocol applications developed by OPEN Foundation on OC. Through the protocol matrix with strong composability, it aims to realize a huge financial machine that can run and evolve by itself to replace the current economic operating mode and become a decentralized full-domain world bank.

OPEN is the first team to propose and practice protocol matrix concept in the industry. Its mature and supporting DEFI infrastructure provides one-stop decentralized financial solutions for global users and a unified liquidity space to serve open finance of the future.

Open Swap – Decentralized Exchange

Asset trading and clearing are important parts of traditional economic activities. It is Open Swap that assumes the above responsibilities in the OPEN system.

Open Swap delivers one-stop on-chain trading services for users based on its three core technologies and 20000+ TPS. The transfer speed speaks for itself.  Also, the underlying operating system of OC does make Open Swap extremely competitive in processing large and low-frequency transactions, providing users with smooth on-chain trading experiences.

Open Lend – Hybrid Lending Market

Open Lend benchmarked against the lending and financial derivative issuance in the traditional economic activities can automatically calculate interest rates based on supply-demand change.

This benefits borrowers and lenders, making up for the opportunity cost of holding assets in an open financial network and getting rid of the fixed interests from the traditional financial market.

Open Stable – Asset Protocol Aggregation Platform

Open Stable is the center part of OPEN, allowing users to generate the stable assets OUSD (i.e. stablecoin asset protocol) from the secured assets.

OUSD is encrypted assets softly pegged to US dollars as asset collateral. It provides excess backed assets for users so as to effectively withstand vicious inflation.

And thanks to the technical advantages of OC, Open Stable enjoys high-speed asset transfer and delivery.

Open Link Oracle

OpenLink is the first distributed oracle on OC.

It is a vehicle that captures the value of Open Finance and OnlyChain ecosystem. It has defined and realized a new on-chain price generation and digital value capture plan to fix interoperability issues for the smart contract, which significantly enables it to be applied in finance, insurance, supply chain and many other industries.

Since all full eco-applications in OPEN financial system are built on OC, the above applications are exclusively confined to it. However, there exists a shortage in asset diversity on OC. So, how to achieve OC’s interoperability with other blockchains to expand the Open financial ecosystem?

ORC – An ultimate solution to blockchain interoperability.

Open Reactor

Open Reactor – Cross-chain protocol

Open Reactor (ORC) is the first decentralized cross-chain solution on OC system and also the exclusive cross-chain protocol in OPEN system. It serves as a window for financial data and value exchange with external blockchains.

The core mechanism of ORC cross-chain solution is OrcVM, through which users can use BTC and ETH to generate OBTC and OETH on OnlyChain at 1:1 if asset security is guaranteed. Owing to the high-performance blockchain network of OC, users enjoy extremely low handling fees and high transaction speed.

ORC also allows users to transfer digital assets from OC system to other blockchain networks so that on-chain assets can be freely flowed, interacted and aggregated between different blockchains, thus bringing the entire cryptocurrency market back to its root.

The ORC cross-chain solution can be applied to any sub-application in OPEN system. That’s to say, in the years to come, ORC will be the exclusive channel for OPEN sub-protocol to expand its use scope and interact with other public chains. Its importance is beyond any doubt!

The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.

ORC can realize asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.

ORC Value Analysis 

  1. Provide OPEN with a variety of practical cross-chain assets to make sub-protocol matrix connected.

OBTC and other cross-chain assets acting as a cohesive layer will run throughout the entire open financial ecology to make closer interactions between various sub-protocols, thus achieving a huge and autonomous DEFI ecosystem.

  • Integrate value of BTC and other mainstream digital assets into OC system for OC value expansion.

Relying on the digital token of Open Reactor, ORC will bring the value of Bitcoin and Ethereum into OC network so that asset liquidity of more public chains can be locked into it.

  • Offer an interactive channel between various OPEN applications and other public chains to expand the ecological layout.

ORC allows users to generate OBTC with BTC. These cross-chain assets can be uses as trade varieties, lending products and synthetic asset reserve resources between Open Swap, Open Lend and OpenStable, which immensely diversify assets in OPEN and promote their operation and deployment on the whole ecosystem.

  • Address problems existing in information interaction, asset transfer and business collaboration between the independent public chains and consortium chains of different industries, like banking, securities, insurance and real estate.

The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.

ORC can realize the asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.

  • Push ahead with the rapid establishment of global financial integration or regional economic integration.

Cross-chain enables value to flow between different blockchains. During this process, users, data and scenarios can be well linked to finally build a larger value ecosystem. If cross-chain technology grows into maturity, blockchain in the future will become infrastructures like today’s highways, water and electricity supplies. This will greatly facilitate the free flow of value and promote global financial integration.

Conclusion

If OPEN is a new self-evolving and self-sustaining decentralized financial empire, ORC cross-chain solution will be its “reform and opening-up policy.”  Only by embracing a bigger external world can we accelerate the rapid and stable development of ecology and build a “sun-never-set empire.”

About us

https://www.openfin.network/#/

About Author

Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

GOLDX Announces Its Gold-Backed Digital Token and Multi-Utility Ecosystem, Opens Seed Sale, and Confirms USD 3.9 Million Investment from NAS Investment

Published

8 hours ago

on

December 18, 2025

By

Washington DC, United States, 18th Dec 2025 – GOLDX has announced its upcoming GOLDX token, a gold-backed digital asset designed to combine the security of physical gold with the flexibility of blockchain technology. The project aims to build a multi-utility financial ecosystem centered around the GOLDX token, offering both asset stability and revenue-generating opportunities.

A New Gold-Linked Digital Asset

The GOLDX token is planned to be backed 1:1 by physical gold stored in regulated vaults and partner jewellery outlets. GOLDX states that holders will be able to redeem tokens for physical gold once the platform becomes fully operational. Its motto “Never Miss Gold Gains, Ever!” reflects its goal of making gold ownership simple and accessible in digital form.

The token will operate on the Binance Smart Chain (BEP-20) with a total supply of 5 million tokens. At an indicated price of USD 50, the project carries a fully diluted valuation of USD 250 million.

Funding Milestone

GOLDX has confirmed raising USD 3.9 million from NAS Investment. This funding will support early development, infrastructure building, and liquidity planning.

Seed Sale Announcement

GOLDX has opened its Seed Sale, giving early participants the opportunity to secure token allocations before the official launch. Funds raised are intended to support platform development, liquidity preparation, and community expansion.

Ecosystem Features and Utilities

The GOLDX ecosystem is being developed as a multi-utility platform with several planned features.

Revenue Sharing
GOLDX intends to share profits from wholesale gold trading, retail jewellery operations, and its upcoming decentralized exchange (DEX) with token holders.

Gold-Pegged Trading Platform
A trading platform is planned where users can trade major cryptocurrencies such as BTC, ETH, and SOL against the GOLDX token. GOLDX refers to this concept as a gold-anchored trading environment.

Gold-Backed Visa Debit Card
GOLDX plans to introduce a Visa debit card that allows users to spend globally while maintaining exposure to gold rather than fiat currency.

Self-Custody Wallet
A decentralized wallet is under development to help users store and manage GOLDX securely and privately.

Physical Gold Conversion
GOLDX states that users will be able to redeem tokens for physical gold through a network of partner jewellery stores worldwide once the service is activated.

CertiK Audit Completed

GOLDX confirms that its smart contract has been  audited by CertiK, one of the leading blockchain security firms. The completed audit is listed on CertiK Skynet, indicating that the GOLDX smart contract has undergone independent security assessment and review. This adds a level of credibility to the project’s technical foundation.
 

About GOLDX

GOLDX describes itself as a blockchain-based digital gold initiative developing a global ecosystem around its gold-backed token. Planned features include trading, staking, revenue sharing, and physical redemption.

For more details, visit http://www.GoldXTrust.com 

Stay connected and get the latest news and announcements by following GOLDX on:  

 

Telegram: https://t.me/goldxtrustofficial 

Twitter/X : https://x.com/GoldxTrust 

YouTube: https://youtube.com/@goldxtrust 

 

Media Contact

Organization: GoldX

Contact Person: Fazil Pottekkattil

Website: http://www.GoldXTrust.com

Email:
fazil@goldxtrust.com

Address:USA 1500 K Street NW Washington DC – 20005

City: Washington DC

Country:United States

Release id:38936

This content is provided by GoldX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

The post GOLDX Announces Its Gold-Backed Digital Token and Multi-Utility Ecosystem, Opens Seed Sale, and Confirms USD 3.9 Million Investment from NAS Investment appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Ulanzi Falcam TreeRoot Quick-Lock Travel Tripod R141K-320P has been honored with Red Dot Award: Product Design 2025

Published

12 hours ago

on

December 18, 2025

By

United States, 18th Dec 2025, – Founded in 2020, FALCAM focuses on its proprietary quick-release system, establishing an integrated ecosystem that spans camera mounting, carrying solutions, and tripod systems — FALCAM is redefining how creators interact with their equipment. As an industry leader in systemized quick-release solutions, FALCAM empowers photographers to mount, reconfigure, and switch gear in seconds, dramatically boosting b m oth workflow efficiency and on-set comfort.

Preface:

FALCAM TreeRoot Quick-Lock Travel Tripod (R141K-320P) is an innovative solution that integrates Reuleaux triangle tube and quick release system. Featuring stability, convenience and portability, it redefines the design of photography tripods. With its groundbreaking innovations and flagship capabilities, it has been honored with “Red Dot Award: Product Design 2025”.
 

Camera on a tripod in a desert landscape with red rock formations.

Product Introduction:

With its core designs—Reuleaux triangle tube, 1/3 quick lock, F38 Pro quick release trigger inverted ball head, quick release center column, and all-terrain foot spikes — this TreeRoot tripod offers portability and stability, easy operation, and wide use across any terrain. When you embark on a journey or snap on the street, the TreeRoot tripod is always ready to offer stable support, letting you focus on creation, not your gear.

Key Features:

Reuleaux Triangle Tube: More Portable & Stable

TreeRoot (R141K-320P) adopts Reuleaux triangle tube and integrates the advantages of shaped and round tubes, enhancing portability and stability. It ensures a clean, non-protrusion folding and an ergonomic grip, while maintaining stability. This achieves highly optimized storage efficiency without compromising stability when in use.

Camera mounted on a portable tripod set up in a rocky desert landscape.

M40 High Modulus Carbon Fiber: Stronger Tensile Strength & Higher Bend Resistance

The tubes are made of M40 high modulus carbon fiber, offering 60% harder than that of T300. It provides stronger tensile strength and bending resistance, ensuring reliable support for your creative works.

1/3 Quick Lock: Instant Setup & Smooth Operation

Simple one-third of a turn to lock or release the legs compared to the traditional tripods. The built-in quick-lock mechanism can prevent unintended disassembly caused by confusion in the locking direction, ensuring you never miss the meaningful moment.

F38 Pro Quick Release Trigger Inverted Ball Head: Broad Compatibility

Compatible with 90% of Arca-Swiss quick release plates, the quick release ball head supports “one press locking” operation. It contains adaptive limit pin and positioning groove for secure, anti-slip protection and simple installation, enabling fast and effortless setup for professional cameras and video rigs.

camera-lens-on-tripod-with-ice-crystals

Quick Release Center Column: Effortless Low-Angle Shooting

No tools needed, no hassle. Easily remove the column from the bottom and instantly switch to low-angle shooting.

Multi-Facet Rubber Footpads & Three-Prong Spikes: All-Terrain Stability

Designed for various shooting scenarios, TreeRoot integrates built-in three-prong spikes and multi-facet rubber footpads to protect the smooth floor. Remove the rubber footpads, and use the spikes for stable support on grass, sand, or even ice surfaces, perfect for low-angle shots.

A person using a camera on a tripod to photograph icy landscape by the ocean.

Specifications:

  • Model: R141K-320P
  • Material: Aluminum Alloy & Carbon Fiber
  • Net Weight: Approx. 1.5kg / 3.31lb
  • Maximum Vertical Load Per Leg (Static): Approx. 50kg / 110.23lb
  • Maximum Vertical Load (Center Column): 10kg / 22.05lb (center column extended) ; 20kg / 44.09lb (center column unextended)
  • Maximum Vertical Load (Ball Head): Approx. 5kg / 11.02lb
  • Leg Tube Diameter: 26*40.75mm，22mm，17.9mm，13.8mm
  • Leg Sections: 4
  • Maximum Height (center column extended): Approx. 1552mm / 61.1in
  • Maximum Height (center column unextended): Approx. 1305mm / 51.38in
  • Minimum Height: Approx. 168mm / 6.61in
  • Storage Length: Approx. 473mm / 18.62in

Pricing & Promotions:

https://www.ulanzi.com/products/treeroot-quick-lock-travel-tripod-t00a4301

$498.00 USD

20% Off

Media Contact

Organization: Ulanzi

Contact
Person: Media Relations

Website:

https://www.ulanzi.com/

Email:

service@ulanzi.com

Contact Number: 18098963697

Country:United States

The post
Ulanzi Falcam TreeRoot Quick-Lock Travel Tripod R141K-320P has been honored with Red Dot Award: Product Design 2025 appeared first on
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Press Release

OnlineBookClub.org Creator Scott Hughes Teams with Humacao Restaurant to Host Holiday Family Event in East Hartford, Connecticut

Published

12 hours ago

on

December 18, 2025

By

 

United States, 18th Dec 2025 – OnlineBookClub.org founder Scott Hughes is bringing the holiday spirit to families in Connecticut with a special Children’s Book Expo & Holiday Party on Saturday, December 20th, from 1:00 PM to 5:00 PM at Humacao Restaurant & Lounge in East Hartford, CT.

The festive event promises fun for the entire family, featuring a host of activities and giveaways designed to inspire a love of reading while celebrating the holiday season. For just a $5 ticket, attendees will enjoy over $80 worth of experiences and goodies, including:

  • Face painting ($12.50 value)
  • Professional photo with Santa ($25 value)
  • Two free books of your choice ($30 value)
  • Goodie bag filled with toys, headphones, and more ($10+ value)
  • Raffle ticket for prizes, including a $25 Amazon gift card

“This event is a celebration of community, literacy, and family fun,” said Scott Hughes, founder of OnlineBookClub.org. “We are excited to partner with Humacao Restaurant to create a magical experience for children and parents alike, while also sharing the joy of reading and literature.”

OnlineBookClub.org, which Hughes founded in 2006 at the age of 19, has grown into a leading online platform connecting over six million readers and authors worldwide. The site offers free books, daily contests, and opportunities for members to earn by reviewing books, fostering a community where readers and writers can thrive.

Humacao Restaurant, a popular family-friendly dining destination in East Hartford, is providing the perfect venue for the expo, creating a festive environment where families can enjoy both entertainment and holiday cheer. Attendees can explore a variety of activities designed to engage children in literature while celebrating the season.

Tickets for the event are limited and available on a first-come, first-served basis through Humanitix. All proceeds from booking fees go directly to charity, in line with Humanitix’s mission to support communities in need.

Hughes is also an accomplished author of six books, including Justice: A Novella and Minimum Wage Millionaire (as Eckhart Aurelius Hughes), and continues to advocate for literacy and education through philanthropic initiatives and community engagement.

Fans and families can follow Scott Hughes on Instagram and Facebook, and learn more about OnlineBookClub.org at https://onlinebookclub.org.

About OnlineBookClub.org
 OnlineBookClub.org is a global platform connecting readers and authors, offering free books, daily contests, and opportunities to earn by reviewing novels. With a community of over six million registered members, the platform encourages literary discovery, discussion, and engagement for readers of all ages.

Media Contact:
Press@OnlineBookClub.org
(860) 327-5260

Media Contact

Organization: OnlineBookClub.org

Contact Person: Scott Hughes

Website: https://onlinebookclub.org

Email: Send Email

Country:United States

Release id:39271

The post OnlineBookClub.org Creator Scott Hughes Teams with Humacao Restaurant to Host Holiday Family Event in East Hartford, Connecticut appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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