WiCoin is a stablecoin launched by WiPay, a financial technology company with offices in Africa, the Caribbean, Columbia, and the US. It was launched to address the challenges of cross-border remittance and financial exclusion in its operational regions. It was built on the Hedera network utilizing the Hedera Token Service (HTS) and Hedera Smart Contract Service (HSCS) and is pegged to the US dollar.
It forms the backbone of the WiCoin Settlement Network, designed to create a unified system for transactions across numerous Caribbean islands, each with its own currency. It also extends into African markets and currencies.
The primary goal of WiCoin is to "bank the bankless" by providing an accessible and efficient means for cross-border payments and settlements by leveraging Hedera's fast transaction speeds, low and predictable fees, and robust security through its asynchronous byzantine fault tolerance (ABFT).
WiPay is supported by the Hedera HBAR foundation and seeks to enhance financial inclusion and streamline economic activity in underserved regions by providing a locally-accessible bridge between traditional banking services and low-cost, speedy digital transactions.
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Versal is a comprehensive digital asset platform providing a suite of vertically integrated tools for businesses to build and scale payment solutions using cryptocurrency. The platform is designed to bridge traditional finance with the digital asset economy, offering modular products that enable companies to manage operations, store assets, and create modern payment flows. Its core offerings include Payments, Vault, Network, and Tokenization services.
The Versal Payments module allows businesses to easily accept and disburse digital asset payments across more than 30 blockchain networks. It provides conversion-optimized checkout experiences, invoicing solutions, and e-commerce plugins. Versal Vault is a digital asset custody solution for developers, supporting both MPC and multi-sig security methods to mass deploy and manage non-custodial wallets. The Versal Network facilitates compliant fund transfers between licensed financial entities, while Versal Tokenization allows for the creation and management of new digital assets.
As a multi-chain platform, Versal supports a wide array of networks, including Hedera. This integration means that businesses using Versal’s infrastructure can offer their customers payment and payout options using HBAR and other Hedera-based tokens.
KwikPik is a Web3-based on-demand delivery and services platform built on the Hedera blockchain network primarily focused on burgeoning markets in Africa and the Middle East. It was founded in Nigeria in 2022 to address a critical gap in reliable, efficient on-demand services, particularly in less densely populated regions.
The platform offers a comprehensive suite of services including swift package delivery, convenient grocery and food ordering, direct sourcing of fresh farm produce, and accessible ride-hailing. At its core, KwikPik deeply integrates Hedera technology and employs the Hedera Consensus Service (HCS) to create auditable, immutable logs for tracking driver journeys, significantly bolstering transparency, reducing fraud, and providing verifiable data for carbon emissions tracking for ESG reporting.
KwikPik’s native stablecoin, $KPL, is built upon the Hedera Token Service (HTS). This facilitates exceptionally low-cost, real-time in-app payments and provides users with intuitive, non-custodial Web3 wallets, simplifying their entry into the digital economy. This allows KwikPik to operate as an efficient decentralized physical infrastructure Network (DePIN), designed to deliver reliable, secure, and scalable services, thereby fostering financial inclusion, expanding market access for local businesses, and generating employment opportunities across its operational areas.
Calaxy is a decentralized social marketplace designed to empower creators by giving them direct ownership of their communities and monetization tools. It was cofounded by Spencer Dinwiddie, an active NBA player currently with the Dallas Mavericks, and CEO Solo Ceesay.
The Calaxy platform operates on the Hedera blockchain network with additional support for the Solana blockchain. It enables creators to build personalized mini-applications for users called "Worlds" and has been used by scores of celebrities including NFL superstar Ezekiel Elliot, WWE superstar Mickie James, and pop singer Teyana Taylor.
The customizable Worlds serve as social hubs enabling direct fan engagement through features including social feeds, exclusive content, video calls, and NFT sales. Creators can set their own prices for experiences and subscriptions, eliminating the need for intermediaries.
Calaxy integrates a user-friendly wallet supporting fiat currency, cryptocurrencies, and NFTs, Its native token, $CLXY, serves as a gas and governance token for its underlying "Creator's Galaxy" protocol which allows fans to purchase creator-specific tokens that are redeemable for bespoke interactions and unique content.
Stader Labs is a multi-chain liquid staking platform that provides a secure and efficient way to earn staking rewards while maintaining asset liquidity. It was launched in 2021 and has since extended its services across several major blockchain networks, including Hedera where it offers a liquid staking solution centered around the HBARX token.
When users stake HBAR tokens through Stader's platform, they receive HBARX, a liquid token representing their staked HBAR. This mechanism allows HBAR holders to continue participating in the DeFi ecosystem with HBARX, engaging with protocols including SaucerSwap and HeliSwap for additional yield opportunities, while still accruing staking rewards. The HBARX token is designed to increase in value relative to HBAR as staking rewards accumulate in the pool, with an auto-compounding feature managed at the smart contract level.
Stader Labs emphasizes security, subjecting its smart contracts to multiple third-party audits from firms such as Halborn, Peckshield, and Sigma Prime. The platform's architecture on Hedera aims to contribute to network decentralization by distributing staked HBAR across various nodes.