WTC is a stable coin launched by Toniq Labs for the DFINITY network, which can be exchanged 1:1 with XDR. DFINITY has set up a mechanism for the long-term stability of Cycles, that is, 1 XDR (approximately $1.43) can be exchanged for 1 trillion Cycles, and the value of XDR is determined by a package of French currencies such as US dollars, euros, and British pounds.

The role of Cycles is mainly used by developers or project parties to start and run containers, which can be exchanged by ICP. However, due to the irreversible conversion of Cycles to ICP, there will be a surplus. Excess Cycles can be exchanged into stablecoin WTC to circulate in the market, increasing Cycles’ liquidity.

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DFINITY’s ecological project


Hello everyone, I believe that friends in the community who are familiar with the DFINITY ecology have a certain understanding of Toniq Labs. In just over two months, Toniq Labs has launched Stoic Wallet, token standard EXT, NFT “pet” Cronic, and the game “Rise of the Magni” and other application tools and ecological projects for the DFINITY ecosystem, especially Cronic and “Rise of the Magni”, these two NFT-related projects have gained widespread attention and love from the DFINITY community once they were launched.

For this event, we are honored to invite team members from Toniq Labs to elaborate on Toniq…


NIDKG is the abbreviation of Noninteractive Distributed Key Generation , which is an innovative advanced cryptography technology, including forward secrecy and non-interactive zero-knowledge proof encryption.

On Internet computers, the nodes that make up the subnet will change over time, such as the introduction of old nodes and the addition of new nodes. By using NIDKG, the subnet can always be referenced by the static public key, so that even if the subnet nodes are constantly changing, the key can be managed effectively and securely.

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Cronic is an Internet computer NFT project created by ToniqLabs based on the EXT standard. The latter is an organization focused on building tools and projects for DFINITY Internet computers.

Cronic is randomly generated by combining colors and patterns in the system, making each Cronic unique and limited in total. ToniqLabs is committed to turning Cronic into a NFT virtual pet-style game, so the follow-up Cronic will add many features and functions, including: breeding, feeding and interaction. Cronic will also present corresponding visual styles under different conditions, and will gradually become “old” over time.

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Controller itself has the meaning of controller, and is often used to name controllers with certain control functions in the field of computer programming. The Controller in DFINITY mainly manages containers, including stopping and deleting containers.

The container in DFINITY represents a smart contract. If the Controller can be used to stop and delete operations at will, there will be a risk of over-concentration of power. Therefore, the Controller can be managed in a DAO (Decentralized Autonomous Organization) manner. When a container needs to be deleted or stopped, it needs to be voted by multiple members related to the container.

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EXT is a token standard built on Internet computers, based on the ERC1155 standard of Ethereum as a model. EXT allows developers to deploy a wider range of tokens, including homogeneous tokens and non-homogeneous tokens (NFT), etc. EXT also allows a single container to create and manage multiple tokens.

With the tools built by EXT, even ordinary users can create their own tokens on the Internet computer at a very low cost. They only need to set the token name, decimal point, token abbreviation, total supply and the address of the token creation. can. These tokens can be added to similar Stoic wallets, and the distribution of tokens can be checked through browser tools.

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DfiStarter is a project accelerator platform in the vertical field of DFINITY, which provides support including technology, capital, and market public relations in the early stage of ecological application.

DfiStarter has four core sections, including technical services, providing standard token issuance and staking smart contract deployment for DFINITY-based application projects; DFINITY-based on-chain trading platform DDEX, providing on-chain transaction services for all DFINITY assets; oracle. , Provide general off-chain data protocol; lending and other financial derivatives services to improve the overall liquidity of DFINITY assets. According to the DfiStarter development roadmap, IDO test platform and oracle services will be launched in Q2 of 2021, and the above core sections will be gradually completed in the follow-up.

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Plug is a DFINITY Internet computer browser plug-in wallet launched by Fleek, an open Internet website and application hosting service platform.

In the DFINITY Internet computer ecosystem, there are actually a variety of IDs, such as the ID of the account holding ICP, the ID of the Cycle wallet holding Cycles, the ID of the container (including custom tokens), the ID of owning and controlling the container, and so on. The Plug wallet has established a new standard, that is, all the above IDs are unified under one subject ID, which serves as the main account or unique identifier on…

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