Crypto RadioShack DeFi Switches to Crypto With RADIO Tokens
Rancakmedia.com – The company hopes that its retail presence will help it develop RadioShack DeFi crypto. RadioShack, which you may remember for offering all kinds of popular electronics since its founding in 1921, is being revamped.
The company has determined that its initiatives towards e-commerce are not enough; now want to use blockchain technology. Specifically, it intends to become a Decentralized Finance (DeFi) provider.
And it describes itself as the only institution that can “be a bridge between [sic] the CEO governing world companies and the new world of cryptocurrencies.” To help those strings of wacky words even closer to reality, the company aims to launch its own token: RADIO.
To be clear, today's RadioShack is not what you remember from years past. It has shifted from brick and mortar stores to e-commerce. And the changes are very fast. RadioShack filed for Chapter Eleven bankruptcy in 2015 after 11 (yes, eleven) consecutive negative financial quarters.
After that, the brand was sold many times until it was finally bought by parent company Retail Ecommerce Ventures (REV), which is controlled by Tai Lopez and Alex Mehr (these names will be important in a moment) (these names will be of little relevance) .
REV Still Maintains RadioShack DeFi Crypto Brand
They rely on their broad familiarity and legendary legacy as a method to “bridge the gap and 'cross the chasm' of general adoption for Cryptocurrencies.”
The goal is to establish RadioShack as a leader among companies driving the cryptocurrency market value from the current $3 trillion to a projected potential $250 trillion.
RadioShack leadership wanted to do this by concentrating on the company's core competencies “in the early majority. For the first time, the 100-year-old brand name will be available to consumers in nearly every country in the world when [RadioShack DeFi] goes on sale later this year. it peaked in the 1900s and then failed due to a lack of cutting-edge money technology.
Crypto RadioShack Building a DeFi Ecosystem
RadioShack is building a DeFi ecosystem together with Atlas USV (Universal Store of Value), a DeFi protocol that enables Decentralized Applications (dAPPS) to be built on top of it.
RadioShack then wants to launch a decentralized exchange (DEX) by way of Uniswap or Sushiswap. This “allows USV users to acquire third-party tokens on the open market and then transfer them to the Atlas USV treasury in exchange for discounted USV tokens.”
Interestingly, Atlas USV is a small company (and a small protocol) in the crypto space. It still hasn't been picked up by CoinGecko or CoinMarketCap, which monitor more than 10,000 different crypto assets circulating around the world. But the token, USV, may already be exchanged on the DEX.
It is accessible on the Ethereum and Solana chains, and each unit of USV is currently worth $948. If you're wondering who built Atlas USV, here's where you should test your name recall: This was the idea of Tai Lopez and Alex Mehr.
In other words, RadioShack is set to accept tokens with a known market value. Options such as USV Bitcoin, Ethereum, Solana, and Atlas USV tokens themselves can be staked, setting them up as a liquidity pool.