Clanity Blog News & Events - Clanity Blog #ClanityClanity Blog News & Events - Clanity Blog #Clanityhttps://blog.clanity.com/blogs/tag/clanityMon, 23 Mar 2026 00:06:02 -0700http://zoho.com/sites/<![CDATA[Clanity 2023 Year End and 2024 Update]]>https://blog.clanity.com/blogs/post/Clanity-2023-Year-End-and-2024-Update

The Clanity Team has been diligently working over the past few months, and the fruits of their labor are set to be unveiled with a series of exciting updates in 2024.

Entering Phase 6 of their Roadmap, Clanity is focused on developing features for WalletConnect. WalletConnect, a protocol widely used by numerous crypto wallets, facilitates seamless connections with the diverse DApps of decentralized finance (DeFi). This strategic move is anticipated to streamline accessibility for all in managing their $Clan tokens. Testing for the WalletConnect has been ongoing since December 2023 and is scheduled to launch in 2024, heralding a significant enhancement in user experience.



In addition, Clanity has made a momentous leap by securing a listing on Minswap, a decentralized exchange (DEX) empowering users to engage in cryptocurrency trading without reliance on centralized exchanges. This development opens up new avenues for the Clanity community, with additional liquidity Pool being the next milestone to anticipate.



Looking ahead, the next objective on Clanity's horizon is obtaining a listing on Coinmarketcap. As the foremost price-tracking website for crypto assets in the burgeoning cryptocurrency landscape, CoinMarketCap serves as a pivotal platform for users seeking comprehensive insights into Clanity's pricing, charts, and historical data. This imminent listing will provide users with valuable information crucial for informed decision-making.


The Clanity Team extends their heartfelt gratitude to everyone for their unwavering support and enthusiasm. They express their anticipation for the seamless integration of Clanity into various business operations, and they encourage users to stay tuned for further updates.


For individuals seeking more information about Clanity, the official website serves as a comprehensive resource to explore the latest developments and insights into the Clanity ecosystem.


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]]>Tue, 02 Jan 2024 10:28:18 +0000<![CDATA[CLANITY TOKENS ($CLAN) COMING SOON ON INDACOIN EXCHANGE]]>https://blog.clanity.com/blogs/post/clanity-tokens-clan-coming-soon-on-indacoin-exchange
Clanity Founder and CEO, Jade Tao, proudly announced the upcoming availability of the Clanity token ($CLAN) on the Indacoin Exchange. Clanity is a dynamic startup venture that strives to build a self-sustaining community by connecting businesses with their customers through blockchain rewards and community engagement program. The Clanity $CLAN token will be available on Indacoin Exchange on December, 2022.

To get the best price of the token, be sure to join the whitelist before the listing. Join here. 

The Clanity team worked non-stop to reach the upcoming milestone. There are dozens of crypto exchanges available making the selection process a challenge. According to Tao, comprehensive research was conducted before the team decided Clanity should make its debut on Indacoin Exchange.  “We considered a wide range of factors before selecting Indacoin, starting with security. The Indacoin Exchange has never experienced a security breach--that was a big selling point.  A proven track record also makes a difference. Numerous exchanges have come and gone but Indacoin has endured and grown since its inception years ago.  We were reassured by their longevity”, according to Tao. 

Tao also highlighted the importance of compliance in selecting Indacoin.  “Indacoin complies with critical banking regulations, such as Know Your Customer (KYC) to allow direct purchase with fiat.  Given our emphasis on legal compliance, Indacoin’s operating standards gives Clanity peace of mind on regulatory matters.  One of the goals is to allow users to be able to purchase $CLAN tokens using Visa and Mastercard. With Indacoin, our visitors can use Visa/Master card to purchase a vast amount of cryptocurrencies, including our $CLAN token directly on our websites  A Visa/Mastercard on-ramp makes it easier for our customers to join our fast-growing community.” , said Tao.

Clanity $CLAN token is a Cardano Native Token which can be stored using Cardano wallets like Yoroi, Daedalus, Nami and Eternl.

More $CLAN token exchange listings are planned in Q1 2023. Get in early before it's too late. For more information regarding Clanity, visit our official channels.

Written by: Nelson Hernandez

OUR OFFICIAL CHANNELS 
]]>Tue, 08 Nov 2022 12:57:49 +0000<![CDATA[Is Clanity $CLAN, a Cardano Native Token or Ethereum ERC-20 Token?]]>https://blog.clanity.com/blogs/post/is-clanity-clan-a-cardano-native-token-or-ethereum-erc-20-token

What is an ERC20 Token?

An ERC-20 token is nothing more than a smart contract that has a predefined data structure. This structure is designed to facilitate the implementation of various features on the Ethereum blockchain, making it easier for developers to create. 

Ethereum blockchain, unlike Bitcoin, was created to be a complete integrated ecosystem. For this reason, its developers have created new mechanisms to facilitate certain tasks. One example of this was the improved ability to create new coins "on top" of an existing blockchain. Something possible with Bitcoin and what we observe in the colored coin calls. To achieve this, the developers of Ethereum have created tokens ERC-20.

Its creation was proposed by Fabian Storyteller y Vitalik Buterin, and approved on 19 November 2015. It is part of the EIP of Ethereum, under the designation EIP-20 (EIP is the acronym for Ethereum Improvement Proposal).

The initials ERC significant Ethereum Comment Requests o Comment Request for Ethereum, while the number 20 comes from the EIP where it is described. ERC-20 describes a standard on the functions and events that an Ethereum smart contract can implement.

ERC-20 tokens are currently one of the most extensively utilized tokens in the cryptocurrency market. The amount of ERC-20 tokens created is huge, you can register Etherscan how many exist today.

How do ERC-20 tokens work?

In theory, ERC-20 tokens are smart contracts that run on the Ethereum network. They work within a programmatic framework established by the Ethereum team. This framework is broad enough to allow multiple uses without disrupting the Ethereum blockchain. For example, they can perform a parallel sub-accounting to the main Ethereum ledger, having their own unit of account. All of this is done without mingling the addresses' Ether balances. But guaranteeing the transparency, traceability and security that the Ethereum network offers.

The ERC-20 tokens have become a standard because of their incredible flexibility. However, their high transactional fees is a different story. The main purpose of these tokens is to standardize the interface for creating and issuing new tokens on the network. This is achieved by applying certain rules and parameters for its acceptance. For example, to modify or move an ERC-20 token, you must have Ether. This supports both the economic and utility part of the token.

Clanity is a Cardano Native Token, not an Ethereum ERC20 token

Clanity will have a Cardano native utility token, $CLAN, with a worldwide use case and a high potential for world adoption. This token will be used to reward customers for performing transactions with our business partners and the ecosystem.

$CLAN tokens have been minted under the Cardano blockchain with a fixed supply of 1 Billion. Don't miss out getting free tokens and the KYC for token pre-sale purchase available at clanity.com to get the best price before the market rebound.

Clanity aims to utilize the Cardano blockchain to help local businesses increase traffic, customer loyalty, and collaboration with other businesses with our B2C rewards and community engagement platform. Our program is based on a better philosophy to build customer loyalty by offering innovative value additions beyond any specific business scope. Cardano is a 3rd generation blockchain focusing on security, scalability, and interoperability making it an efficient choice for global-scale mass use.

With the upcoming Ouroboros Hydra solution, it will be able to process more than 1 million transactions per second. Not only that, it also reduces energy cost, provides provable security guarantees with transactions and seamless execution of smart contracts with Hydra’s Extended-UTxO model.

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]]>Mon, 29 Aug 2022 10:07:16 +0000<![CDATA[Collision Conference: Clanity got accepted into the Alpha Startup Program and will be part of the Impact Startup Showcase]]>https://blog.clanity.com/blogs/post/Clanity-got-accepted-into-the-Alpha-Startup-Program-at-Collision
We are very excited to announce that Clanity has been accepted into the Alpha Startup Program at the Collision Conference in Toronto, Canada on June 20-23, 2022. We will be part of the Impact Startup Showcase with some of our favorite startups at this conference.

Clanity is a revolutionary blockchain rewards and community engagement program hoping to create self-sustaining communities all over the world. The company has been accepted into Alpha Startup Program by Collision Conference, one of the biggest tech conferences in North America with over 35,000 in attendance, which will include, Cardano Founder, Charles Hoskinson. 

Collision Conference is an annual event that brings together industry leaders and innovators to talk about the future of technology. It is North America's fastest-growing tech conference bringing together Fortune 500 companies, innovative startups and world-renowned speakers.  It’s hosted by Web Summit, which holds events in Lisbon and across the globe, including RISE conference in Hong Kong.

The conference aims to help startups build their presence in the tech community and foster connections between companies and other organizations. In addition to its main event, Collision has an annual startup competition, which showcases new products or services that are being built by participating startups.

Clanity believes that it can build a better future for the planet through financial inclusion in an efficient way. Clanity will help in creating an ecosystem that helps users earn cryptocurrency or blockchain assets as they participate in our global economy. This will give Clanity the opportunity to get its product out there for millions of people to see.

To know more about Collision Conference and featured startups, please check the links below.

Tickets are selling out, buy them below and don't forget to give Clanity a visit.
https://collisionconf.com/tickets/attendees

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]]>Sun, 12 Jun 2022 00:10:51 +0000<![CDATA[Clanity Makes a Splash by Announcing Distribution of $CLAN Via Partnership with DripDropz]]>https://blog.clanity.com/blogs/post/clanity-makes-a-splash-by-announcing-distribution-of-clan-via-partnership-with-dripdropz
Clanity, the first blockchain technology company building a self-sustaining world-wide community that connects businesses with their customers through a blockchain reward and engagement program, is now a DripDropz partner.  DripDropz is an intuitive platform offering projects, such as Clanity, a comprehensive selection of token distribution options.  Both Clanity and DripDropz operate in the Cardano ecosystem. 

Clanity is focused on developing innovative solutions for brick-and-mortar retail reward programs.  Essentially, brick-and-mortar retailers have two daunting challenges.  The first is loss of market share to online retailers.  In response, large brick-and-mortar retailers have enhanced reward programs.  However, existing programs are losing effectiveness, moreover, reward programs are often not available to countless small businesses.  Clanity’s blockchain technology offers a viable solution.  The Clanity solution is designed from the customer point of view, intuitive and easy to use.  Furthermore, Clanity uses technology that reimages how businesses acquire and maintain new and existing customers to ensure efficient and effective results.

An obviously delighted Jade Tao, Clanity CEO, stated “Clanity and DripDropz partnership is a natural fit.  We both exist on the Cardano ecosystem.  Each project utilizes the latest in technology and innovation. We each value trust, and both Clanity and DripDropz are dedicated to strengthening communities.” 

DripDropz provides token dispensing services to the Cardano community.  As an intuitive platform offering projects a comprehensive selection of distribution parameters, DripDropz welcomes projects of all sizes into its ecosystem. Delegates reap the rewards of DripDropz by providing the ability to withdraw a variety of tokens while remaining delegated to a community pool.

Clanity token, $CLAN, whitelist and know your customer (KYC)  signup is now live on the website. Follow our social media accounts for token sale announcements.

Written by: Nelson Hernandez


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]]>Sat, 21 May 2022 10:05:41 +0000<![CDATA[Launch of KYC for The Clanity Token Sale]]>https://blog.clanity.com/blogs/post/Launch-of-KYC-for-The-Clanity-Token-Sale
The Clanity team is reiterating their commitment to promoting the adoption of blockchain across the globe as the company recently announced the KYC launch for the sale of the $CLAN token. In a related development, Clanity Inc. is set to launch a limited NFT collection with utility of 15% interest APY. The projects form part of the all-inclusive blockchain rewards program that will undoubtedly chart a new course in the digital space.

“Clanity will revolutionize the blockchain rewards program by creating a universal rewards token.” — Clanity

Blockchain technology can be rightly described as the most disruptive invention in recent times, judging by the adoption and use cases of the concept. However, millions of people are still unaware of the immense features and benefits of blockchain, which is where Clanity aims to make a difference with their range of groundbreaking projects.

Clanity is the first blockchain technology designed to simplify and efficiently reward a large number of individuals who make subjective contributions to local businesses worldwide with a universal utility token, connecting businesses with their customers through blockchain rewards and engagement programs.

One aspect of the project is the Clanity token, $CLAN, a Cardano native token with a total fixed supply of 1,000,000,000 (1 billion) tokens. There is also a limited edition NFT collection, with only 100 available for purchase of each of the two designs and only a total of 200 wallets will enjoy this amazing interest rates as high as 15% APY. Read more about Clanity Tokenomics here.

Other aspects of the Clanity ecosystem include the CLANwallet, CLANswap, CLANbuzz, payCLAN, and dataCLAN. The projects will help Clanity achieve the goal of creating a self-sustaining community by introducing Blockchain in the underrepresented market, support low-funded schools, and allow self-monetization by enabling users to sell their own data to business partners. Explore Clanity Platforms here.

For further information about the NFT sale, token launch and other projects in the Clanity ecosystem, visit our official channels.

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JOIN THE $CLAN

Clanity is a blockchain technology hoping to return the power of finance back to the end users to promote financial inclusion. Once Clanity is fully and universally adopted, a cycle will then be established through the platform building self-sustaining communities, one town at a time, all over the world.

Get Started Today
]]>Fri, 15 Apr 2022 04:09:13 +0000<![CDATA[The Clanity Whitepaper: A Brief Summary]]>https://blog.clanity.com/blogs/post/the-clanity-whitepaper-a-brief-summary
What is Clanity

Clanity is a blockchain system that aims to give end-users control over their finances in order to achieve financial inclusion. To put it another way, Clanity aims to return economic power to the people. Clanity’s objective is to build a community that supports each of its members via their contributions and flourishes within its financial ecology or model. Once Clanity is fully and widely embraced, a cycle will be formed through the platform, with self-sustaining communities being built one town at a time throughout the world.

Clanity Plans

Through our blockchain rewards and engagement program, Clanity hopes to create a self-sustaining community by linking companies with their consumers all over the world.

Clanity will feature a native Cardano utility token with a global use case and a high chance of global adoption. Customers will be rewarded with this token if they complete transactions with our business partners.

Additionally, corporate partners will use this token to offer community interaction opportunities for the general public and to reward them for participating with the brand. Clanity will use the latest developments in encryption and distributed ledger technology to help local companies and low-funded schools by developing lucrative and appealing loyalty/reward programs as well as possibilities for community-business interaction.

Tokenomics

The Clanity tokens will use the Cardano blockchain. they aim to create a fixed supply of 1 billion Clanity tokens, out of which 60% (600 million) tokens shall be used to raise $50 million in funding. This funding shall be raised in three stages at different valuations, with the last being a crowd sale at $0.1/token. The remaining 40% (400 million) tokens shall be utilized as reserves for network participation rewards by staking and providing liquidity. Read more about the Clanity Token.

Cardano, Clanity, and our B2C rewards program

Clanity aims to utilize the Carano blockchain and Cryptocurrency to help local businesses increase traffic, customer loyalty, and collaboration with other businesses with our B2C rewards program. Our program is based on a better philosophy to build customer loyalty by offering innovative value additions beyond any specific business scope. Read more about why Clanity chose Cardano.

Clanity rewards program consists of three main elements:

1. Customers gain rewards (in the form of Cryptocurrency) in return for transactions with our partner businesses. The business in return will gain advertising opportunities in our community.

2. Businesses share community engagement activities that will aid them in advertising and branding. When customers participate in these activities, customers earn rewards.

3. Holding a certain amount of tokens in their wallets shall enable consumers to further rewards.

Business & Features

Clanity plans to create beautifully designed platforms that are simple and easy to use yet very well architecture and robust for tech-savvy and non-technical users. Our platform shall have the following features:

  • User-friendly design — Clanity will be designed to offer value to our users and encourage widespread use. Our sound design will create a sense of trust and smooth transaction between the product and users.
  • Scalability and quick transaction time — Clanity plans to be widely adopted worldwide.
  • Harnessing the power of Cardano means Clanity can process hundreds of transactions per second and maybe millions with the Ouroboros Hydra solution upgrade.
  • Minimal transaction fees — Clanity understands that users’ most significant concerns involve the transaction fees. We want Clanity to be worthwhile, so we have designed the tokens to have one of the lowest transaction fees compared to other cryptocurrencies.
  • Trust and transparency — Clanity believes that trust and transparency create loyalty. Our features which include no third-party involvement and encrypted transaction records, lead to strong controls in this process. With such processes and controls in place, we can ensure the security and authenticity of your data.
  • Security — We understand that the security of a token is essential. Our plan is for Clanity to be a more efficient and cheap way to interact between systems and use smart contracts most securely.


“Security goes hand in hand with adoption. Adoption goes hand in hand with usefulness. Usefulness is about the possibilities of using a network but also about the price of transactions and the time needed for settlement.” — Underesearcher | Medium

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OUR OFFICIAL CHANNELS
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Website — https://www.clanity.com/
Telegram — https://t.me/clanity
Twitter — https://twitter.com/clanityofficial
Facebook — https://www.facebook.com/clanityofficial
Linkedin — https://www.linkedin.com/company/clanityofficial/
Medium — https://medium.com/@clanity
Reddit — https://www.reddit.com/r/Clanity/
Instagram — https://www.instagram.com/clanityofficial/

JOIN THE $CLAN

Clanity is a blockchain technology hoping to return the power of finance back to the end users to promote financial inclusion. Once Clanity is fully and universally adopted, a cycle will then be established through the platform building self-sustaining communities, one town at a time, all over the world.

Get Started Now
]]>Tue, 29 Mar 2022 01:59:34 +0000<![CDATA[Future Impact of Clanity]]>https://blog.clanity.com/blogs/post/Future-Impact-of-Clanity

The Impact Of Loyalty Programs

1- Subject matter

This study focuses on a new retail loyalty program and more specifically a points-based loyalty program. This loyalty program replaces those in which immediate price reductions were offered and requires the accumulation of points.

The objective is to analyze the impact of such a program on the different variables associated with the consumer’s buying behavior and on the sales of the points of sale.

2- Research questions

A points-based loyalty program is both an innovation in the concept of a loyalty program and a promotional strategy that differs from the traditional price reduction system. The authors seek to determine the impact of such a program on variables such as the number of visits to the point of sale, the amount of money spent on each purchase, the rate of conversion into a member of the loyalty program and the turnover.

In addition, they analyzed the behavior of members and non-members of the old program with respect to the new program.

3- Conclusions of the article

First of all, consumers are much more sensitive to this new type of loyalty program, even for the same value of cash points. This is due to the fact that consumers perceive better with this system the value brought by this program and the gains they can get from it (it can also be an overestimation of the value of points in some cases).

As far as the effect of this new program on sales is concerned, we can see that this is a key element and it allows for an increase in sales (this last point, however, requires more in-depth studies).

4- Managerial implications

The results provide real information to manufacturers and retailers to improve their promotional strategies. Unlike price reductions, the new form of program not only increases loyalty to the company, but also creates better conditions for collaboration between manufacturers and retailers for mutual benefit. Of course, this collaboration requires good communication about the benefits that can be realized for both parties and it helps to strengthen alliances between manufacturers and retailers.

In addition, for such a loyalty program to be effective, it must offer consumers an adequate and sufficiently important level of promotion so as not to have the opposite effect by not meeting consumers’ expectations and thus leading to a drop in sales.

5- Limitations

Reactivity to increased promotions represents both an opportunity and a threat. Indeed, on the one hand, it means for retailers an increase in sales if promotions are well used or, on the other hand, a decrease in sales if the same level of promotions is used.

The study conducted by the authors is not sufficient to fully understand the relationships and effects of such a loyalty program, it should be complemented with other analyses that take into account other variables such as consumer categories, or to see the effects over the long term, if the store is physical or virtual, etc.

How Money Matters for Schools

Clanity believes that the future of the community is dependent on the younger generation, and that giving educational resources is critical for scientific and economic growth. Clanity’s objective is to support low-income schools and high-impact organizations so that the next generation is well prepared to take on the world’s innovation responsibilities.

This will be accomplished by enlisting schools to join our community in order to promote businesses through community involvement activities in exchange for prizes. A corporate partner can create a task for engagers to fulfill as an example of community involvement.

This duty could include things like sharing social media postings, engaging with the brand on social media, and providing user-generated content for the company, among other things.

To access the functionality of producing these tasks, the business partner will pay Clanity tokens. Certain tokens will be used to compensate users or engagers who successfully perform these tasks. This provides businesses with advertising opportunities and users with revenue (in this case, schools).

In addition, Clanity would expand their philanthropic to provide grants to schools based on needs. To summarize: a successful loyalty strategy requires the implementation of a loyalty program but also (and perhaps more importantly) a real customer knowledge strategy.

Join the Clan - https://www.clanity.com/
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]]>Mon, 14 Mar 2022 01:41:30 +0000<![CDATA[Our Plans for Blockchain Adoption and Clanity]]>https://blog.clanity.com/blogs/post/our-plans-for-blockchain-adoption-and-clanity

4 challenges with blockchain adoption and how to avoid them:

When it comes to implementing blockchain, most businesses encounter the same challenges. Knowing what they are could be the first step toward conquering them and moving forward on the path to success.

1. Lack of adoption

Blockchains are ecosystems that rely on widespread adoption to function properly. For example, track-and-trace capabilities in supply chains would necessitate not only an organization's adoption of a blockchain network, but also those of its suppliers. Despite this, according to Clanity, only 29% of firms are experimenting with blockchain or have fully implemented it. The effectiveness and scalability of blockchains will be restricted until they are widely adopted.

However, there are reasons to be positive about blockchain adoption. Organizations are increasingly organizing collaborative blockchain working groups to address common pain points and build solutions that benefit everyone without revealing private data.

2. Trust among users

The second main barrier to widespread adoption is a lack of trust among blockchain users. This problem has two sides: organizations may not trust the technology's security, and they may not trust other participants in a blockchain network.

The blockchain considers every transaction to be secure, private, and verified. This is true even though, because the network is decentralized, there is no central authority to confirm and verify the transactions. The consensus algorithms that drive universal agreement about the current state of the distributed ledger for the whole network are a critical component of any blockchain network. It assures that each new block contributed is the only version of the truth that all nodes in the blockchain agree on. Business executives have found that private blockchains, which have no known users, have a higher level of confidence.

3. Financial resources

According to studies, the third hurdle to widespread blockchain implementation is a lack of financial resources. Blockchain implementation is not cheap, and many businesses' resources are already stretched due to the epidemic and disruption of 2020. Another takeaway from the pandemic is that firms, particularly IT departments, may shift far more quickly than previously imagined.

A closer look at this roadblock reveals that it stems from a lack of organizational knowledge and comprehension of blockchain. We've seen that as public awareness of new technologies grows, so does the ability to effectively make a business case for their adoption. This will be true of blockchain as well, assuming that proponents focus on developing a business case that shows how the technology's benefits will outweigh the costs of deployment.

4. Blockchain interoperability

As more businesses use blockchain, many of them will design their own systems, each with its own set of features (governance rules, blockchain technology versions, consensus models, etc.). These disparate blockchains do not communicate with one another, and there is currently no global standard that allows them to do so.

The capacity to share, see, and access information across different blockchain networks without the use of a middleman or central authority is referred to as blockchain interoperability. Because of the absence of interoperability, mass adoption may be nearly impossible.

Interoperability for blockchain will be vital in a post-pandemic business world where collaboration across functions, with suppliers, and with customers is essential. It's the only way to ensure that businesses get the most out of their blockchain investments. 

The good news is that we've seen an increase in the number of interoperability projects aimed at bridging the gap between different blockchains over the past year. Many of them are aimed at bridging the gap between private networks and public blockchains. Prior approaches that concentrated on public blockchains and cryptocurrency-related tools were less valuable to corporate leaders in the end.

Clanity  Plans for Blockchain Adoption

Clanity will feature a native Cardano utility token with a global use case and a high chance of global adoption. Customers will be rewarded with this token if they complete transactions with our business partners. Additionally, corporate partners will use this token to provide community interaction opportunities for the general public and to reward them for engaging with the brand.

Clanity will use the latest breakthroughs in encryption and distributed ledger technology to support local companies and low-funded schools by developing rewarding and attractive loyalty/reward programs as well as chances for community-business involvement.

Let's start this revolution - visit www.clanity.com today!

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]]>Thu, 03 Mar 2022 02:04:34 +0000<![CDATA[Spotlight on the cryptocurrency Cardano]]>https://blog.clanity.com/blogs/post/spotlight-on-the-cryptocurrency-cardano

The best thing about cryptocurrency is that there are few rules. Digital currencies and the ledgers that hold the transactions offer much more freedom than government-backed currencies, but come with fewer protections. The inspiration for the whole system has been to avoid bank fees and all the regulations that come with organized financial institutions. The downside is that there are endless possibilities for new solutions and no limits to creativity. THE BRIEF HISTORY OF BITCOIN AND ETHEREUM SHOWS THAT TAKING A HARD FORK IS ALWAYS AN OPTION. If you haven't been paying attention to these cryptocurrency-based virtual currencies traded on the blockchain, now is a good time to get up to speed.

How does cryptocurrency work

To own or pay for something in cryptocurrency, you need a wallet for that currency. A cryptocurrency wallet doesn't actually hold any currency; it simply provides an address for your funds on the blockchain. A cryptocurrency wallet also includes private and public keys that allow you to make secure transactions. You can buy or sell cryptocurrency in exchange for fiat currency using a cryptocurrency exchange. Exchanges, which can hold deposits in both fiat and cryptocurrencies, credit and debit the appropriate balances of buyers and sellers to complete cryptocurrency transactions. 

You can also use cryptocurrency to buy something, such as a product or service. Each time you buy cryptocurrency or use it to make a purchase, you authorize the movement of a specified amount of cryptocurrency from your wallet address to the seller's wallet address. The transaction is encrypted with your private key and pushed to the blockchain. 

What is Cardano

Cardano is an open source public blockchain platform that has its own cryptocurrency tokens called ADA. The network will also eventually support smart contracts, which are contracts that automatically execute their own terms or agreements. Today, more and more people are attracted to Cardano, which you can buy by credit card. The value ledger of the Cardano account is the Cardano settlement layer. 

It is the part of the blockchain platform that hosts ADA. Its purpose is to improve some of the scaling issues that exist with Bitcoin, Ethereum and other first and second generation cryptocurrencies. It is also separately associated with the Cardano compute layer, which allows users to customize the rules of its transactions individually.

 How to buy this Cardano currency

Although Cardano is a blockchain cryptocurrency network, you can't actually buy Cardano itself. Instead, you'll need to purchase ADA, the Cardano cryptocurrency token. While many see Cardano's main appeal as a platform that supports smart contracts, buying ADA can mean you make money if you expect Cardano's value to increase in the future. ADA is available on most major cryptocurrency exchanges.

You can also buy via SEPA bank transfer. Keep in mind that when you use a brokerage, you are not buying directly from the blockchain. Instead, you will need to fund your account with fiat currency in order to purchase ADA, unless you are paying with another cryptocurrency. 

You'll want to store your ADA in a supported wallet, and Cardano specifically recommends two digital options. One is the Daedalus wallet, which operates and grows within the Cardano network. The organization also recommends the Yoroi wallet, a simple digital cryptocurrency wallet that can help keep your ADA safe. When it comes to storing your ADA in a digital wallet, be sure to remember how to access your wallet by writing down all passwords. If you lose the ability to access your wallet, you risk losing your cryptocurrency for good. 

What makes this cryptocurrency different

The big difference of Cardano compared to other currencies is that it maintains a two-tier network, which allows for faster transaction processing time (similar to Dash) Cardano's multi-layer protocol performs advanced functions and has at its core a settlement layer that is linked to a control layer. 

The settlement layer will have a unit of account, while the control layer will execute smart contracts and be programmed to recognize identity, which will help with compliance. It is also focused on protecting the privacy rights of users, while also considering the needs of regulators.

This is unique in the cryptocurrency space. Supporters of Cardano consider it one of the best potential currencies for mainstream adoption due to its regulator-friendly nature.

 Where should I store my Cardano

All cryptocurrencies are stored in cryptocurrency wallets. Cryptocurrency wallets are physical devices as well as cell phone applications that are either specifically designed to hold one type of cryptocurrency, or you can store multiple cryptocurrencies in the same wallet. In addition, Cardano also offers its own wallet called Daedalus. So, if you're looking to store your Cardano Ada individually from the other crypto-currencies you own, you'll need to store them in the Daedalus wallet.

The third way to store Cardano Ada is to leave it in the wallet of the cryptocurrency exchange you purchased it from. Cardano has outlined a five-stage development roadmap for their future, named Byron, Shelley, Goguen, Basho and Voltaire. Byron, is completed and it allows users to purchase Ada at launch and store them on their own Daedalus wallet.

What is Clanity 

Clanity is a blockchain technology hoping to return the power of finance to the end-users to promote financial inclusion. To simplify, Clanity wants to give the economic power back to the people. Clanity's goal is to create a community that supports each member through its contributions and create a community that thrives within its financial ecosystem or model.

Once Clanity is fully and universally adopted, a cycle will then be established through the platform, building self-sustaining communities, one town at a time, all over the world.

Our Plans For Clanity

Clanity plans to build a self-sustaining community worldwide by connecting businesses with their customers through our blockchain rewards and engagement program.

Clanity will have a Cardano native utility token with a worldwide use case and a high potential for world adoption. This token will be used to reward customers for performing transactions with our business partners. 

Furthermore, business partners shall also use this token to create community engagement opportunities for the public and reward the public for engaging with the brand. In this way, Clanity shall utilize the latest advances in cryptography and distributed ledger technology to support local businesses and low-funded schools by creating rewarding and attractive loyalty/reward programs and community-business engagement opportunities.

Tokenomics

The Clanity tokens will use the Cardano blockchain. they aim to create a fixed supply of 1 billion Clanity tokens, out of which 60% (600 million) tokens shall be used to raise $50 million in funding. This funding shall be raised in three stages at different valuations, with the last being a crowd sale at $0.1/token.

The remaining 40% (400 million) tokens shall be utilized as reserves for network participation rewards by staking and providing liquidity.

Cardano, Clanity, and our B2C rewards program

Clanity aims to utilize the Carano blockchain and Cryptocurrency to help local businesses increase traffic, customer loyalty, and collaboration with other businesses with our B2C rewards program. Our program is based on a better philosophy to build customer loyalty by offering innovative value additions beyond any specific business scope.

Clanity  rewards program consists of three main elements:

1. Customers gain rewards (in the form of Cryptocurrency) in return for transactions with our partner businesses. The business in return will gain advertising opportunities in our community.

2. Businesses share community engagement activities that will aid them in advertising and branding. When customers participate in these activities, customers earn rewards.

3. Holding a certain amount of tokens in their wallets shall enable consumers to further rewards.

Business & Features

Clanity plans to create beautifully designed platforms that are simple and easy to use yet very well architecture and robust for tech-savvy and non-technical users. Our platform shall have the following features:

  • User-friendly design - Clanity will be designed to offer value to our users and encourage widespread use. Our sound design will create a sense of trust and smooth transaction between the product and users.
  • Scalability and quick transaction time - Clanity plans to be widely adopted worldwide.
  • Harnessing the power of Cardano means Clanity can process hundreds of transactions per second and maybe millions with the Ouroboros Hydra solution upgrade.
  • Minimal transaction fees - Clanity understands that users' most significant concerns involve the transaction fees. We want Clanity to be worthwhile, so we have designed the tokens to have one of the lowest transaction fees compared to other cryptocurrencies.
  • Trust and transparency – Clanity believes that trust and transparency create loyalty. Our features which include no third-party involvement and encrypted transaction records, lead to strong controls in this process. With such processes and controls in place, we can ensure the security and authenticity of your data.
  • Security - We understand that the security of a token is essential. Our plan is for Clanity to be a more efficient and cheap way to interact between systems and use smart contracts most securely.

"Security goes hand in hand with adoption. Adoption goes hand in hand with usefulness. Usefulness is about the possibilities of using a network but also about the price of transactions and the time needed for settlement." - Underesearcher | Medium

Learn more about Clanity at www.clanity.com
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