Gamelan is the ethereal and beguiling art of puppet shadows, the representation of life told two stages removed from reality, first through the puppets and then through their shadows. In many ways it is an early form of metaverse.
Gamelan is one of the national arts of Indonesia, the fourth most populous country in the world and an archipelago of more than 17,000 islands stretching from east to west over an area similar to that of Europe. It is home to a great diversity of people and cultures who have created a common identity under the motto Bhinneka Tunggal Ika (Unity in Diversity).
The Republic has also embraced the Metaverse to strengthen this unity. Six months ago, the government announced that it would move its capital from Jakarta on the island of Java to Balikpapan on the island of Kalimantan. Complementing this bold move, the government announced it would create a metaverse that would allow citizens to interact with government officials without having to spend money on flights and lodging to the new capital.
In addition, this metaverse will serve to improve the economic prospects of the country's various regions. Each of these regions has its own economic structure with different agriculture, mining, handicrafts, food and culture. Each region will have its own metaverse where micro, small and medium enterprises will be promoted at the regional, national and even global levels.
Having embraced the concept of the metaverse and identified these innovative use cases, the question is how to put it into practice. In particular, the question is how to create a meta-financial system - an entirely new digital money system that enables the circulation of tokens within metaverses and currency exchange between metaverses. Without the development of a sophisticated meta-financial system, it will not realize its potential. The Litedex protocol is the first decentralized exchange platform (DEX) in Indonesia and is the standard bearer of the concept of meta-finance.
Litedex enables its users to develop projects that are preferred by investors, including staking, farming, swapping, pooling, lending, borrowing, NFT marketplaces, and bridge functions. The Litedex protocol will adopt multiple blockchains such as Binance, Ethereum, Solana, Avax, and several other globally popular blockchains, which will activate the bridge function as the mainstay of the meta-finance concept.
RTGS for the metaverse
In TradFi, there is the concept of "Real Time Gross Settlement System," or RTGS. This is the backbone of the global payment and trading infrastructure that allows transactions to be settled in real time. This does not yet exist in the metaverse. As the backbone of the meta-financial infrastructure, Litedex becomes the RTGS system of the metaverse. Litedex is blockchain-independent and suitable for both B2B and B2C projects in the metaverse, offering one-stop convenience to users browsing the metaverse. The platform provides a seamless experience where users can transact and exchange digital assets without leaving the metaverse.
As a blockchain developer, Litedex Protocol is also developing its LDX token as a cryptocurrency for underlying projects and a large ecosystem. To build investor confidence, Litedex Protocol is committed to having all of its projects verified by CertiK. The LDX token has passed the Certik audit phase with good results. Recently, the LDX token was listed on both LBank's Global Centralized Exchange and PancakeSwap's Global Decentralized Exchange.
The Litedex protocol is the first platform developed by IT engineers from Indonesia without involving third parties from other countries. It has been generously supported by Indonesia's Deputy Minister of Trade, Jerry Sambuaga, on several occasions. The concept of meta-financing will be one of the main pillars in building an ecosystem in the meta-world, both in Indonesia and globally.