Ispolink is a cross-chain platform for developers based on the Metaverse. They have developed a new platform that is powered by Binance Smart Chain and Polygon’s layer-2 scaling technology. The Ispolink platform enables blockchain companies to combine industry-leading expertise with internal AI-powered algorithms in a seamless manner.
They make it easier for Blockchain, Metaverse, DeFi, Gaming, and NFT projects to get top IT talent. To accomplish this, they provide a comprehensive end-to-end solution that provides businesses with a complete set of tools to seamlessly navigate the entire selection process and source talent in the blink of an eye. Users can use the platform at scale with their decentralized, multi-chain, interoperable solution, which includes a native ISP token.
Underlying technology
The Ethereum blockchain serves as the project’s main blockchain network. Ispolink is using Matic Network scaling technology on top of Ethereum to address the major restrictions and scalability difficulties. Matic’s main goal is to tackle the scalability problems while maintaining a high level of decentralization.
Scalability, as well as rapid, low-cost, and secure transactions on Matic sidechains, are some of the technology’s primary benefits. Another characteristic is high throughput, which may reach 10,000 TPS on a single side chain on the internal testnet. Their goals include a focus on user experience. Native mobile apps and SDK with Wallet-Connect compatibility, as well as smooth UX and developer abstraction from mainchain to Matic chain, are some of the issues addressed.
Furthermore, Ispolink places a high focus on security. Operators of Matic chains are also stakers in the PoS system. Furthermore, unlike individual DApp chains, Matic side chains are public, permissionless, and capable of supporting numerous protocols.
Additionally, NLP is utilized in CV parsing, automated CV screening, and internal AI matchmaking algorithms that connect firms with eligible individuals in a matter of seconds.
The frictionless and instant payments are the major use cases for Ispolink’s payment system, ensuring that users can transact for 1/100 of the current gas fee on the Ethereum blockchain.
Furthermore, because the Ispolink native blockchain protocol is just a computerized consensus system that does not own or run any computing/storage servers, third-party computing resources are needed to conduct on-chain transactions and applications.
Tokenomics
ISP or Ispolink token is an ERC20 utility token issued on the Etherum blockchain. ISP is a transferable representation of attributed functionalities specified in the Ispolink Platform’s protocol/code, and it’s only meant to be used as an interoperable utility token on the platform. ISP is a non-refundable functional utility token that will be used as a decentralized means of exchange among participants on the Ispolink Platform.
The goal of introducing ISP is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Ispolink Platform; it is not, and is not intended to be, a medium of exchange accepted by the general public (or a segment of the general public) as payment for goods or services or for the discharge of debt; nor is it designed or intended to be used by anyone as payment for any goods or services that are not exclusively provided by the issuer.
Users should first read the legal status of the ISP token, which is provided in their whitepaper.
A visual distribution of the token distribution is given below:
Ispolink tokens are only available through four sales channels: private, seed, strategic, and public. Any ISP Tokens that aren’t sold during these four events will be invalid. The circulating supply will be made up entirely of the Ispolink Tokens sold at these events.
Users will be able to earn tokens for a variety of activities that promote platform adoption, such as joining up, recommending friends, submitting details, and getting verified (i.e. “social mining”). Check their roadmap out here.
Ispolink and PAX World collaboration
Ispolink recently announced a collaboration with Pax World, an NFT based, user-owned open Metaverse. In addition, Ispolink makes a strategic investment in Pax World with the purpose of forming long-term partnerships in a variety of fields. Ispolink plans to arrange and host events, NFT exhibitions, and Live AMAs in the Pax World Metaverse as part of the collaboration, with the goal of providing an immersive experience for all $ISP token holders and clients. Additionally, holders of both the $ISP and $PAXW tokens will be eligible for upcoming unique airdrops, prizes, and access to premium features of both projects.
Pax World is a free and open metaverse with a competitive advantage for first-movers. Pax World is a scalable virtual world designed for the new age, allowing users, consumers, and businesses to communicate and interact in new ways. Pax.World can do it all, from NFT land for companies to creating venues and arenas to socializing possibilities, meetings, and virtual events, and is a huge step towards the Web3 economy.
Additionally, Ispolink managed to win a Sandbox auction for premium estate on the Mega-City Land Sale, which further expands its metaverse reach.
Verdict
The Ispolink project sure is ambitious, and as per their business model, they are on track to solve many of the problems that a business or even a user may find themself in. Decentralized projects are on the verge of becoming the new “thing” in the world, both digital and physical, and the team behind Ispolink is right on target with their endeavors. They have a clear roadmap laid out in front of them, which clearly defines their targets and future.
To know more about Ispolink, visit their website, Twitter, Medium, or join their Discord server, Telegram, and Reddit.
Disclaimer: This is a sponsored article.