Helium mobile partnership, Solana token extension, etc. | Summary of Solana related project announcements

Solana news summary

Today (25th), multiple virtual currency/blockchain Solana related projects made announcements one after another, and this article summarizes some of the important ones.

Helium partners with telecom giant Telefonica

Nova Labs, developer of the Solana-based distributed 5G network Helium, has partnered with Telefónica, a major Spanish and Spanish-speaking carrier, to launch Helium mobile hotspots in Mexico.

The initiative expands Telefonica’s communications coverage and enables the offloading of mobile data to the Helium mobile network, improving the overall mobile coverage services of its customers. Initially, it will be rolled out to select customers in Mexico City and Oaxaca.

We’ve teamed up with @Telefonica to deploy @Helium_Mobile Hotspots in Mexico!

This will extend Telefónica’s coverage, enable the offloading of mobile data to the @Helium Mobile Network, and improve overall mobile coverage service for customers.

Learn more:… pic.twitter.com/id7mujg1lf

— Nova Labs (@novalabs_) January 24, 2024

In this partnership, Telefonica and Nova Labs have built a solution based on the OpenWifi standard developed by the Telecom Infra Project (TIP). The solution will allow selected Movistar customers in Mexico to access and authenticate to the Helium mobile network using Movistar SIM cards.

Helium’s HNT and MOBILE tokens soared +17.7% and +21.8% respectively following the announcement.

Solana’s new token extension

Solana Lab has released a token extension (extension function) for the SPL token standard on the Solana network.

These token extensions enable expanded exchange of tokens, highly confidential interactions, transfer fees per swapped token, and more.

4/ In total, the 13 token extensions include:

– Confidential Transfers
– Transfer Fees
– Transfer Hooks
– Permanent Delegate Authority
– Metadata
– Metadata Pointer
– Default Account State
– Non-transferability
– Mint Close Authority
– Immutable Owner
– Interest Bearing Tokens
-…

— Solana (@solana) January 24, 2024

There are a total of 13 enhancements, including enhanced token exchange, transfer fees per swapped token, and secret transfers with zero-knowledge proofs. The token expansion is designed to help enterprises move on-chain and provide streamlined security, compliance, and other services on the Solana network, according to a company statement.

Regarding the meaning of token extensions, Solana Lab says, “Token extensions are new token program-level features enabled by a new open source token issuance program available on the Solana blockchain. “Giving token assets a native set of rich features, ranging from token-gated access to metadata, enables the next generation of functionality for digital assets and stablecoins on the Solana blockchain.” explained.

This week, GMO-Z.com Trust Company, Inc. announced that the Solana-based Japanese yen stablecoin GYEN and the US dollar stablecoin ZUSD will utilize this new token extension.

connection: Expansion to Solana Chain GMO-Z.com Trust is expanding into the Japanese yen stablecoin “GYEN” etc.

Dialect launches Telegram trading bot

Solana-based communication protocol Dialect has announced a “conversational” trading bot for traders who want to buy and sell tokens, exclusively for the Telegram chat app.

Introducing Dialect Operator for Telegram: The fastest, safest & most intuitive way to trade tokens over chat.

Launching today.

Message ‘dialectbot’ on Telegram to get started. Link below.

1/ pic.twitter.com/XWe3OqZTbC

— Dialect (@saydialect) January 24, 2024

The bot (Dialect Operator) receives text commands from Telegram users, sets up orders, and executes them. Depending on your settings, it may be faster than trading on Jupiter yourself.

For example, if you enter “buy 1 sol”, the Dialect Operator will display a transaction confirmation screen in USDC, and if the user signs (confirms), the transaction will be completed.

connection: From Ethereum to Sui to Solana: Liquidity shift and the latest trends in DeFi

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