Real-World Asset (RWA) tokenization involves converting physical or business assets like factories, supply chains, and business revenue into digital tokens on the blockchain, enabling real-world businesses to safely put their assets on-chain. SimpleChain is a project building a specialized blockchain for this purpose, differentiating itself from other RWA projects that primarily focus on financial instruments like government treasuries and tokenized funds. The project emphasizes transparency through asset fragmentation, compliance tools for businesses, high transaction speeds (over 4,000 TPS), and cross-chain interoperability.
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SimpleChain Airdrop: The Next Big RWA Project🚀 #crypto #airdropAdded:
Guys, today I want to talk about this cool new project called Simple Chain. If you're into crypto, especially in stuff like real-world money, yeah, we know that RWAs is a big narrative right now, or generally you like blockchain and all these new project stuff, yep, you want to hear this. So, imagine you could take real things like factory supply chain deals or business revenue and turn them into digital tokens on the blockchain.
Yep, that's what RWA means, and Simple Chain is building a whole blockchain just for this. Most RWA projects right now are mostly doing government treasuries, private credit, tokenized funds, equities, and all this stuff, basically fancy financial stuff. But, Simple Chain wants to bring actual industrial assets on chain, supply chain finance, real business and cash flow, all these things on chain, my lovely people. They point out that 94% of what's tokenized today is just repackaged finance, and real factories and business are still missing. That's a big gap they're trying to fill. They just raised 15 million in seed funding from some solid investors. The team comes from big Chinese tech companies like jd.com and Ant Group, people who really understand supply chains and how to handle rules and compliance. And guess what, right now we can see this on their roadmap, the testnet is live.
Here's what makes them different. They break assets into tiny verified assets, so everything stays transparent and trustworthy. They have building compliance tools, so real companies can join without huge headaches. Their chain is fast, over 4,000 transactions per second, and all this works across different blockchains easily. Bottom line, they're trying to build the actual system, so big real-world businesses can safely put their assets on chain if RWAs are going to blow up in the next few years, which I think they will, this project could be right in the middle of it. So, let's begin. Great news, guys.
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Great bonuses also from Kraken and BingX, even cold wallets here. Whatever you need here on Deals tab. And on Subscription tab, you can scroll down and access our community. Join the community right over here. Tutorials there. And this is how you can begin your journey in Web3. All the links for today, six links, can be accessed down the description and then on my website, like always. I'm not a financial advisor. This video is only for entertainment. Step number one, we need to download the Chain Box wallet. Yes, this is a new wallet here. You can download it. I'm always glad when I have to download a new wallet because this is a buyer for many people. You can complete this with other EVM wallets, like MetaMask, but I prefer to download the first new wallet for this. Step number two, time to claim faucet for Symbol Chain. So, here we are. Let's open our wallet here. Copy our address and just paste it here for 0.1 SRW tokens. For step number three, we're required to set up our profile. So, right over here, once you connect with your Symbol Chain wallet, this is the Chain Box wallet here. Top right corner, you click on your profile, and here you need to set up five things. Upload a new picture, set up your username, connect your X account, your Discord, and your Telegram right over here. Step number four, this is the task hub. So, we are here on task hub. Let's scroll down and see all the task. We have the daily task, the invite, the visit official website, and the daily check-in. Oh, we can see here there's a daily check-in, so you better put to write over here on your daily routine. If you scroll down, you can see some social task like Twitter follows, you know, retweets, likes, all this stuff. And if you scroll even further, we have the on-chain task claim faucet referral reward, and check out the block explorer. Just visit this link. Very easy task right over here.
We're waiting for more. More lovely on-chain DM for step number five. Here we are, you know how this goes. Just type symbol, and here you can DM and deploy contracts for simple chain. So, right over here, DM on simple chain and deploy on simple chain. Moreover, we have these on-chain DM badges for simple chain right over here. Just a follow on Twitter, join Discord, follow the co-founder, and again the co-founder, and again the third co-founder. And once you complete all these social tasks, you'll be able to mint these badges for simple chain. All right, I just completed all these tasks, so let's mint our badges now. Unfortunately, I was connected here with my EVM wallet. So, guys, disconnect and connect again with chain box. All right, now I can mint my badges finally. So, let's continue.
Failed to mint badges. Please try again.
Ah, typical testnet. So, let's wait, guys. Let's try one more time here.
Let's see if we're lucky this time. Yep, this time we're lucky. Badges minted successfully. Lastly, on step number six, we got the domain of Infinity name.
Here, you search for your domain. For example, zimbodal. Search for it. All right, yes, connect your wallet. Beware, guys, chain box cannot rob your MetaMask. If you want to use chain box like me, I told you in the beginning you can use your EVM wallet, but I prefer this one. Scroll down to find symbol zimbodal.symbol.
Here we are. Switch the network agree and now you can claim your domain. Check and register and that's it. That was it for today, guys. Six simple steps. We're waiting for their mainnet and I think this will take place on this summer. So we're waiting at the bottom the three official links, the Discord, the X and their website. Only these links are the official. Give this video a like and nice comments also appreciated.
Subscribe to our channel if you're a newcomer and here on Dappush Crypto Land which you can find down the description.
You can see all the web3 opportunities, everything DeFi related right over here.
Symbol chain over and out.
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