Startups

CanYa Brings the Cheap-factor in

CanYa is an Australia-based decentralized blockchain platform that boasts some real customer-friendly features rather than sticking to bringing the redundant reforms, presenting them as key features. The major feature CanYa proudly presents is their relatively lesser fee which according to CanYa itself, is 20 times lesser than other similar networks. They have successfully secured partnership with other leading cryptocurrency platforms which turns in their favor too bringing them more trading from outside the CanYa market premises. CanYa’s white paper can be found from its website.

CanYa partners with Digix, Indorse, Mdana, Trust Wallet, qiibee, Giveth, Gladius, Kowala, Strategic Coin, Origin and Blueblock to bring easy and cheap transactions for customers and investors alike. CanYa initiated from Australia, founded by the four co-founders named, John-Paul Thorbjornsen, Chris McLoughlin, Kyle Hornberg and Rowan Wilson. Except from Wilson, the three co-founders offer services as the chiefs of the CanYa platform with John-Paul being the chief executive officer, Chris, the chief marketing officer and Hornberg as the chief operations officer.

John-Paul Thorbjornsen or more colloquially, JB Thor, having done bachelors in technology, Aerospace, Aeronautical and Astronautical Engineering from UNSW Australia, is a former Air Force pilot, early bitcoin adopter and a blockchain ambassador. He has invested in another venture of his in Feb 2018 as a co-founder, titled Tokenbooks. Tokenbooks offers guidance and solutions regarding cryptocurrency keeping its clientele to individuals, token companies and enterprise.

Thor has been known to be an active member of the advising committee for several ventures including the likes of Liven, Legaler and Trust Wallet (which is also a partner of CanYa). While the other co-founders boast the same qualifications and a similar sorts of career paths with similar goals and aims to achieve, Thor emerges out as the founding leader of the executives as all the other co-founders conjoin head as their careers turn to a common intersection. CanYa gets legal or business advice from a number of advisers including Sebastian Quinn Watson, Josh Buirski, Kai C. Chng, James Waugh, Layla Tabatabaie, Taotao He, Thomas Graham and one George Kimionis.

The CanYaCoin (CAN)

CanYaCoin (CAN), source: canya.io

The CanYa platform provides an ecosystem (a decentralized ecosystem to be precise) for other applications to process over, for a peer-to-peer marketplace. CanYa claims to cast such a sheer impact over the expensive market that with the cheapest of rates, CanYa can ‘disrupt the $2tn global gig-economy’. The CanYaCoin (CAN) is the cryptocurrency token for the CanYa environment which can be used to transfer from the real currency to this crypto token and can be used to get a hold of the premium features of CanYa except from the incentives that the network gives out. Several different exchanges have accepted the CAN in and CAN is actively being used in those very exchanges; these exchanges include, KUCOIN, XBRICK, AEX, CRYPTOPIA, COINSPOT, ETHERDELTA, COSS.IO, QRYPTOS, RADAR RELAY, IDEX, GATECOIN, COINSWITCH and lastly IDAX. CanYa has launched its series of apps that are set to benefit he customers and bulk investors alike keeping to the motto of the cheapest decentralization possible. The CanApps include CanInvoice, CanSend, CanStation, CanSeek, CanWork, CanShare, CanTrack and CanSign.

The CanYa Roadmap

The CanYa platform has been taking sharp and diligent steps in keeping to the roadmap and strictly following the trend they have set themselves.

The CanYa Roadmap. Source: canya.io

The CanYa Anatomy

CanYa works in layers as these layers perform to their fullest in their specific surface level. The levels owing to their particular part as constituents of the CanYa ecosystem, are titled as the CanApps (which have been mentioned prior), The CanYaCore and the CanYADao.

CanYaDao-CANApp interaction. source: CanYa
CanApps

The web3 technologies have come up with the most efficient applications to perform the functions over the surface level closer to the clients. The clients can turn to a number of possibilities owing to the main feature of the application that ‘target key niches and verticals in the global peer to peer services industry’. For example CANWork for digital service marketplace and CANTask for local services. In order to to provide the backend support to the working CANApp, the CanYaDao is due for offering the scalable decentralized support and maintenance. The CANApp is funded by the CanYaDao as the constituent makes sure the funding as the ‘internal budget’ for the CANApp does not get depleted. Though the funding tends to lessen down for a specific CANApp, it strives so as to add up to the capital reserve of its own by generating its own revenue from a source.

There also are some apps named CANApps Lite which are decentralized as the applications we discussed previously. These applications sure work like regular CANApps but require lesser dependency on the CanYa environment, which every device can run. The technologies integrated into CANApps Lite are Web3 injection, IPFS for storage and ethereum for keeping a check via verification. The CAN Token requires Bancor integration thus intended for a seamless conversion into the CAN token from other similar tokens.

CanYaDao

The reserve for the funding that the CanYa gets a hold on, the CanYaDao is repressible to assess and spend the capital on to various tasks. The CanYaDao is a pivotal level that keeps the treasure of CanYa platform intact. The CanYaDao renders the CanApps ‘scalable from a business logic’.

The CanYaDao is divisible into three ‘Tiers’ as explained by CanYa itself including, agent, admin an the core. The Admins are responsible for dealing with the agents and are managers of the elite jobs in the Dao. They are more prone to capital risks and other managerial threats hence they are the trusted ones over whom the higher stakes can be dumped on.

The core is set as the consequent tier, once the Dao turns to eventual maturity, while the agents can display their concern for joining this tier of Dao. Dao has a number of tasks associated which can facilitate the Dao system and ensure quality preventing ‘bad actors’ fining them and taking care of them for good. The tasks are CANHelp, CANAds, Canid, Curation, Arbitration, Agent Approval, Seed Funding, Admin Approval, CanYa Core Development and Dao Parameters.

CanYaCore

Deep inside of the the CanYa platform, the core lays basis to all the CANApps which are built over the common core’s basic structure. The developers have the core at their disposal when developing an app and can incorporate the basic framework of the core into the applications they are working over.

Some core constituents are also maintained by the CanYaDao for curation and crowd-sourced verification. Such circumstances arise as the services are payed off by the CANApp internal budgets though most of the core parts bear no payment to be payed.

CanYa ICO

The CanYa token sale ended on 27th of December last year garnering 36% as the CanYa officials described the launch of the product and the ICO that accompanied the initial launch. The market cap turned out as $2,006,995 with the CAN token price as $0.0461165567. The ICO has surely impacted the token sale in a huge manner.

The CanYa has been launched and working under the real time factors as the product has been launched and has conducted the ICO. The testing network for the CanYa environment is the ethereum testnet titled the ropsten ethereum that runs the exact same protocol as the ethereum runs for testing phases.

Mohammad Shazil

A Riverside, CA born Electrical Engineer who bears the passion to write over every happening around. A crypto zealot. Shazil is the sub-editor of BlockPublisher news. Contact the editor at editor.news@blockpublisher.com

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