Entity launches to kickstart the DeFi scene on Elrond’s ecosystem

LIECHTENSTEIN, November 3, 2022 - Entity, a growth engine for Web3 builders and investors on the Elrond Network, is now available for use by blockchain users and startup founders. The project was developed by Titan Stake, one of the most active staking service providers in the Elrond community, and Istari Vision, Elrond’s key partner and full-service provider for projects. 

More crypto beginners, pro users, and investors are flocking to the Elrond Network due to its scalability, lightning-fast transaction speeds, low costs, and negative CO2 impact. In a fast-paced, ever-growing network like Elrond, there’s a need for a unified communications and operations hub to help both projects and investors stay on top of the ecosystem’s latest opportunities without a massive learning curve. 

The Entity growth engine solves this problem by kickstarting the Elrond DeFi scene and connecting passionate investors with the best projects being built on the Elrond Network. Project launches are the core of Entity. The Entity Launchpad incubates high-potential Web3 companies and gives investors early access to the best projects on Elrond. In addition, it helps projects building on Elrond to raise funds, gain exposure, and achieve greater adoption. But the platform is more than just a launchpad, it’s a full-service growth engine. 

Working in harmony with the Entity Launchpad is a suite of tools that help users discover, invest, earn, and monitor projects on Elrond. At launch, these include the Project Monitor, which reviews and rates startup submissions from the entire Elrond ecosystem; the Monitor’s best-rated projects have a chance to be listed on the Entity Launchpad. The Portfolio module makes monitoring the performance of crypto assets easier via an accessible and unified interface. Staking Provider Metrics help investors easily compare staking providers in terms of APR offered, nodes, and available space for staking. Delegation Metrics help delegators monitor their delegation history with detailed information and graphs. Additionally, a range of Tax Tools simplifies the DeFi accounting process with structured tax-relevant data that is gathered and labeled from the blockchain. 

Data from the Elrond Network that is presented on Entity is easily comprehensible. As a result, insightful blockchain analytics – shown in real time – help users make faster and smarter investment decisions. Already built and ready to be rolled out soon is the Reward Strategies module, which identifies the ideal investment strategies based on users’ custom criteria. Additional features in the works include the EGLD/ESDT module, which will provide a portal to the Elrond Network’s key KPIs and access to different tokens through a user-friendly dashboard. Also planned is a DeFi & Analytics module, which will connect users to the Elrond Network, primarily through the Maiar Exchange, and will contain on-chain data analytics. 

“With Entity, we offer startups that build on the Elrond Network a platform to showcase their projects to investors both within the Elrond community and beyond into the larger DeFi space,” said Wolfgang Rückerl, Co-Founder and CEO of Istari Vision and Entity. “On top of that, Entity offers a variety of exciting features, enabling users to dive deep into the Elrond ecosystem for better investment decisions, data analytics, and tax declarations. We believe that Entity will be a sustainable growth engine for the Elrond Network.”

“The Entity growth engine is designed for the benefit of users from a variety of backgrounds,” said Daniel Taranu, Co-Founder of Titan Stake and Entity. “Beginners will enjoy intuitive navigation and access to the Elrond Network. Proficient users now have a central platform to make quick and educated decisions about their crypto treasury. Builders will benefit from seamless project launches and wide access to a network of like-minded partners and venture capitalists. Those venture capitalists, in turn, can take advantage of Entity’s easy screening of investment opportunities and access to private sales.”