Tortola, BVI – November 16, 2023. Tanssi, the appchain infrastructure protocol, has teamed up with D.E.B.T., a pioneering project that merges web3 with commodities. As a result of this collaboration, D.E.B.T., as a product of Digital Commodity House, has successfully deployed its appchain on Dancebox,Tanssi’s testnet, marking a significant transition towards a custom Layer 1 blockchain, the D.E.B.T. Chain. D.E.B.T. aims to enhance its ecosystem, bridging web3 and commodities in the digital asset industry.
Their platform enables users to engage in the digital asset space through software node licenses and NFTs that receive reward distributions when connected to the D.E.B.T. ecosystem. The project stands out for its eco-friendly practice and connecting commodity and service royalty burns with innovative tokenomics, setting the stage for a dynamic and sustainable marketplace.
The DEBT token is the cornerstone of the D.E.B.T. ecosystem, serving as the primary utility token interconnected with a suite of digital projects that partner with third-party commodity and services projects. Each project token, including BGLD, GROW, NATG, and XPLR, is designed to pair with the DEBT token through swap pairings.
This strategic design aims to increase the demand for the DEBT token as each project within the ecosystem develops and matures. Integrating these projects with the DEBT token creates a symbiotic relationship between all projects within the ecosystem.
By leveraging Tanssi's infrastructure, D.E.B.T. transforms its protocol into a ContainerChain, significantly enhancing operational efficiency and the ease of deploying smart contracts. This shift not only streamlines the integration process but also broadens the scope of D.E.B.T.’s initiatives, leading to more robust and adaptable solutions within its ecosystem. Furthermore, the appchain deployment on Tanssi allows D.E.B.T. increased autonomy and promotes further decentralization and community protection while benefiting from Tanssi’s supportive framework for smooth project execution and optimal operational performance.
In this significant leap, D.E.B.T. leverages the Substrate blockchain framework, renowned for its flexibility and extensibility, which underpins the Polkadot network. This strategic choice allows D.E.B.T. to benefit from Substrate's modular framework, enabling rapid development of its customized blockchain — the D.E.B.T. Chain. Integrating into the Polkadot ecosystem through Tanssi's infrastructure, D.E.B.T. stands on the cutting edge of blockchain interoperability and scalability, ready to explore the vast potential of a network where digital assets meet tangible commodity markets.
With Tanssi's support, D.E.B.T. creates a dedicated network through its appchain, ready to handle digitized assets and reward distributions. This custom network highlights the potential of blockchain technology in enhancing performance and user experience while also providing a solid foundation for the DEBT token. As the network's fuel, the DEBT token's utility is magnified, becoming essential for transactions and interactions within the D.E.B.T. ecosystem.
“We’re seeing increasing traction within the RWA space in web3, and we’re excited to collaborate with D.E.B.T. on their appchain initiative. Having the sovereignty and value capture that appchains provide made a lot of sense for this use case, and we’re glad that the infrastructure we’re building will be used to push RWA use cases forward,” says Francisco Agosti, Co-Founder of Tanssi.
Integrating with Tanssi's ContainerChain technology expedites D.E.B.T.’s appchain deployment and enhances resource efficiency, shortening the timeline traditionally required for development. This strategic move, coupled with the Polkadot relaychain's secure and interoperable framework, paves the way for a resilient platform where digital assets, commodities, and services coalesce effectively. As a result, the D.E.B.T. ecosystem has the ability to adapt and thrive, meeting the needs of its community and the broader digital asset market.
About Tanssi Network
Tanssi's appchain infrastructure protocol is built to simplify and accelerate appchain deployment using ContainerChains. When an appchain connects to Tanssi, it becomes a ContainerChain, accessing a developer-friendly and permissionless environment that provides infrastructure as a service. As a result, appchains can be deployed in just hours— a significant leap from the typical months-long process. On top of this, Tanssi also benefits from the shared security and native interoperability of the Polkadot relaychain. Learn more at tanssi.network
About D.E.B.T.
D.E.B.T. is a decentralized, eco-friendly blockchain project enabling individuals to receive rewards from project NFTs connected to the D.E.B.T. ecosystem. By digitizing commodities and services through innovative tokenomics, D.E.B.T. creates a unique ecosystem “where crypto meets commodities.” Learn more at thedebtbox.com.