YFDAI and Gather are Excited to Announce a New Partnership that Rewards Users for Sharing their Processing Power
We are excited to announce our partnership with Gather, an innovative marketplace-based platform that allows website and application owners to monetize content without ads, while providing businesses and developers access to affordable and reliable processing power through Gather Cloud.
Gather’s core tenets focused on transparency, security, decentralization, scalability and profitability strengthen our partnership as they align with the core values and mission of YFDAI.
This partnership will allow us to further reward the YFDAI community in YF-DAI tokens enabled through Gather’s loyalty program thanks to permissioned sharing of processing power while also serving as a new revenue stream for the project itself.
The Gather Ecosystem & Partnership Highlights
The Gather Ecosystem is built on three layers of its multi-layered protocol:
- Gather Online: The hardware/software layer, where processing power is collected from publishers, and the front-end of Gather’s digital monetization platform.
- Gather Network: The protocol layer, a hybrid proof of work and proof of stake blockchain, where stakeholders are incentivized to maintain transparency and security.
- Gather Cloud: The application layer, where processing power is redistributed to enterprises at lower costs and to blockchain developers to secure their networks without sourcing miners.
YFDAI will integrate Gather Online into our DEX, SafeSwap, as well as our broader website and DeFi suite to generate additional revenue from web and dApp visitors by taking their expressed permission to share processing power. YFDAI adds an additional revenue stream, which scales with the time spent on our website or in our dApps. In addition, we will expand the reach of our native YF-DAI token as it will be added as a payout option for Gather Online. This will provide great exposure for YFDAI by introducing us to first-time crypto users via Gather’s global network of publishers (all of the websites and applications that will be using Gather).
This integration will also allow YFDAI to further reward our community in YF-DAI tokens enabled through Gather’s loyalty program, and ultimately serving as another catalyst for widespread adoption of DeFi products and services.
In addition, the Gather token, GTH, will also be listed on SafeSwap!
Profitable & Decentralized Usage Of Spare Processing Power
With the rising needs and costs for cloud computing, and the growing dislike for ads from the typical internet user, the infrastructure of the web is ripe for disruption. Once Gather Online is integrated into the wider YFDAI ecosystem, YF-DAI users and web visitors alike will be able to easily express permission to share their processing power in return for a crypto payout. Gather’s technology then distributes this processing power in an affordable manner to the businesses and developers that need it, while creating additional value for you as an active YFDAI community member by enabling the YF-DAI token to be rewarded from the revenue generated, made possible by Gather’s loyalty rewards program.
Catalyst for DeFi Mass Adoption
Even though DeFi has seen significant growth over the past year, it still represents less than 1% of the total addressable financial services market globally. Through Gather’s marketplace-based platform, YFDAI and the YF-DAI token in particular will gain exposure to a significant amount of new crypto users as Gather grows and expands.
On the new partnership, Reggie Jerath, Gather Founder and CEO said:
“By forming this new lucrative partnership with YFDAI, we’re carrying our core product to next-gen DeFi platforms that will shape the future of the industry. We are at the center of the DeFi explosion right now, creating a fairer and more decentralized business model together with long-term adoption written all over it.”
YFDAI’s COO, Simon Bogdanowicz, added:
“We’re very excited about our collaboration with Gather. Through Gather’s core product, we will create additional value flow for our users, while rewarding them with our native YF-DAI token while simultaneously capturing new audiences and acting together as a catalyst for mass adoption of DeFi products.”
Gather has developed a powerful new technology that allows web and mobile developers to earn money by contributing processing power, unlike any other digital monetization tool available today. Imagine an Internet where web and application developers can generate revenue without having to rely on intrusive Ads. A new revenue stream without ads, and one that is reliable and rewarding. The processing power gathered will then be redistributed, providing a cheaper alternative to current Cloud markets products. Gather is unlocking a new type of business model for the internet by allowing publishers to monetize without ads and by providing businesses and developers access to affordable and reliable processing power.
For more information, visit http://gather.network
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