DApp stands for Decentralized Application. It’s merely a computer application that runs on a decentralized computing system. Distributed ledger technologies (DLT) such as Ethereum blockchain have popularised DApps. They are often referred to as smart contracts. “Smart contracts” is a term used to describe computer code that automatically executes all or parts of an agreement and is stored on a blockchain-based platform. The code can either be an agreement between the parties or might complement a traditional text-based contract and execute specific provisions, such as transferring funds from Party A to Party B.
Backend code for typical applications run on centralized servers. DApps’ backend code, on the other hand, run on a peer-to-peer network. Decentralized storage like InterPlanetary File System (IPFS) can host its frontend code. Decentralized Finance (DeFi) has utilized DApps to perform financial functions on blockchain. Once DApps are deployed on the Ethereum network, you can’t change them. Dapps can be decentralized because they are controlled by the logic written into the contract, not an individual or a company.
The day’s exciting news is that LandOrc.io has officially launched their full fletched DApps on Ethereum Mainnet. To be more specific, they have launched it today. That is something unique. Mainnet?
Mainnet refers to an independent blockchain running its own network with its own technology and protocol. The blockchain is live where its own cryptocurrencies or tokens (LORC tokens for LandOrc) are in use, compared to a testnet or projects running on top of other networks. Testnet is used by programmers to troubleshoot and trial new features on a blockchain. Mainnet involves a completely developed blockchain, as in the case of LandOrc. That represents their blockchain is fully up and running.
All you have to do is go to their website at www.landorc.io and look out for ‘launchpad’ and sign up to create your FREE account. Once done, you can proceed with your KYC (Know Your Customer) process. After verification, you have access to everything available in it.
If you are planning to stake, you can do so under the investor section. Under their platform staking product, you can stake your LORC tokens for an estimated APY of 6% — 10% at a flexible duration. To get even higher than average gains, you finance directly or invest directly to the listed collaterals. As of the time of writing, there are three land NFTs available for you to check and invest. These collaterals are approved through LandGov voting, and legal voting and the projects are open for LORc investment and staking. For a fixed duration of 182 days, you are eligible for 13% APY.
Suppose you are a developer looking for funding using collateral. In that case, you can get your property or land title on the blockchain using LandOrc NFT. When you register your land title on Landorc NFT, you can earn instant rewards of up to 1,000,000 LORC tokens. All these can be done under the ‘Land Title’ section. The property catalogue there will be updated as and when the collaterals are approved and available. All your transactions will be available under the ‘Transactions’ section. In addition to that, there is also ‘LORC Swap Exchange’ for you to swap your Ethereum to LORC tokens. It’s 3800 LORC for 1 ETH today.
Why wait for another day to check it out. You might miss out on the LORC price today. Head directly to https://app.landorc.io and get your best benefit from the LandOrc DApp, which is already live and up and running today. Congratulations to LandOrc.io on their official DApp launch.
Sources:
https://en.wikipedia.org/wiki/Decentralized_application
