We are excited to announce that we will be working with the Moonbeam team to launch the IBY protocol and Dapp on Polkadot. This integration will allow Moonbeam and Moonriver token holders to use their Glimmer (GLMR) and Moonriver (MOVR) tokens in a fun and meaningful way. E.g. Moonbeam and Moonriver tokens can be used to create personalized bets, challenge friends or anyone on anything.
The whole IBY team shares a multi-chain vision of the future which has led to the expansion of our product offering to multiple chains from the start. It is our strong belief that in order for our industry to grow there needs to be many ways to interact and engage users across multiple chains and we see Polkadot and Moonbeam as a crucial part of that.
We see a great potential to reach new users in Polkadot’s interoperable network in a cost-effective way. This is why we chose Moonbeam as our expansion point because of its unmatched compatibility. Now, we can re-deploy a version of our existing Ethereum-based code to build a new user base in the growing Polkadot ecosystem. In the next few days we will deploy the first version built on Moonbase Alpha and a detailed tutorial on how to try it out later in the week. In the near-future, we will deploy to Moonriver (Moonbeam’s deployment to Kusama) and Moonbeam (deployment to Polkadot). This integration will enable users of Polkadot and its parachains to use their tokens in the IBY protocol.
As part of the collaboration, IBY received a grant from the Moonbeam Foundation to help fund the expansion of the product to the Moonbeam and Moonriver networks. IBY will integrate with the DeFi ecosystem on Moonbeam and Moonriver to start creating our own yield farming opportunities via locked bets. As the bets are being created with Glimmer and Moonriver tokens, the protocol TVL will start rising and we will be able to provide liquidity to any new project that launches on Moonbeam.
When it comes to our commitment, we will in due time, launch a multichain DAO with the $IBY governance token being used on Moonbeam to govern the protocol, solve disputes between the bettors, and much more.
Nate Hamilton, PureStake Director of Business Development
“We see significant value in having high-quality teams deploying projects and helping grow the Moonbeam ecosystem. We feel Shard Labs (the company behind IBY) fits that goal perfectly.”
Edi Sinovčić, iBetYou CEO
“We strongly believe that Moonbeam and the whole Polkadot ecosystem will play a significant role in developing our industry in the next few years. We are committed to explore the future together and to start building unique customer-facing solutions like IBetYou. Moonbeam is a great fit for IBY as it allows us to integrate different DeFi protocols as they continue to emerge in this ecosystem and to leverage Polkadot-based cross chain integrations to provide advanced and native multi-chain capabilities.”
About the Moonbeam Network:
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot. Currently in active development by PureStake, Moonbeam is expected to reach MainNet by Q3 2021.
🌎 Website: https://moonbeam.network/
📱 Twitter: https://twitter.com/moonbeamnetwork
📹 Youtube: https://www.youtube.com/c/MoonbeamNetwork
📢 Telegram group: https://t.me/Moonbeam_Official
📚 Medium: https://medium.com/moonbeam-network
🎙 Discord: https://discord.com/invite/PfpUATX
🛠️ Github: https://github.com/PureStake/moonbeam
IBY is a permissionless blockchain protocol that allows you to bet any amount of tokens with anyone on anything. It uses the basic principles of betting and kicks it up a notch with crypto wizardry.
🌎 Website: https://ibetyou.xyz
📱 Twitter: https://twitter.com/ibetyouxyz
📢 Telegram group: https://t.me/IBYXYZ
🔔 Telegram announcements: https://t.me/IBYAnnouncement
✨ Telegram marketing: https://t.me/IBYBeyound
📚 Medium: https://medium.com/@ibetyouxyz