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Global Business News

METABORA SINGAPORE Updates BORA 3.0 and Adopts Deflationary Tokenomics

Through the update, integration of dual-token structure and revised token gas fee policy has been integrated Transition to Deflationary Tokenomics with Gas Fee Burning Mechanism SINGAPORE, June 12, 2024 /PRNewswire/ -- METABORA SINGAPORE (CEO Gyehan Song) announced that it has updated BORA mainnet to version 3.0 and completed the implementation of deflationary tokenomics on June 12th. METABORA SINGAPORE announces BORA 3.0 update. This update includes several key changes that were approved at the 5th BORA Governance Council (GC) General Meeting on April 25. These changes include: Integration of the dual-token structure of tBORA and bGAS into a single BORA mainnet token, Introduction of a token gas fee policy to stimulate the BORA chain, Migration of onboarding games and blockchain services deployed on BORA 2.0 to the updated mainnet. Additionally, the previous inflation model has been abandoned in favor of a new 'Dynamic Token Burning Model,' which burns a certain proportion of BORA paid as gas fees. The initial burning rate under this model is set at 50%. With these changes, BORA is set to transition to a deflationary tokenomics model. The plan is to further activate token burning through the enhancement of blockchain services linked to new games and other content scheduled for release in the second half of the year. In line with its business expansion, BORA will also introduce new onboarding content sequentially. This includes the launch of multiple titles in the global market, such as a baseball simulation game based on a major global IP and 'Birdie Squad 2024,' which features live coverage of KLPGA. These initiatives aim to expand the BORA ecosystem into the sports and entertainment content sectors. Through this mainnet update, Metabora Singapore plans to show an evolved BORA service and ecosystem. Meanwhile, METABORA SINGAPORE is expanding cross-chains with various global platforms such as Polygon, Near Protocol, Ethereum, and Binance Chain to expand the global ecosystem of BORA and is preparing for a variety of content services beyond games. Detailed information about BORA 3.0 Mainnet update is available on the BORA Portal website. APPENDIX BORA PORTAL URL: https://boraportal.com/ Contact Points at METABORA for Press Release Kelly Lee, Deputy Manager / kelly.meta@metabora.ioAllen Ha, Manager / allen.meta@metabora.io About METABORA SINGAPORE As a subsidiary of METABORA, a casual and blockchain game developer, and a developer of blockchain platform BORA, METABORA SINGAPORE is servicing user-friendly blockchain-based games and entertainment contents based on a myriad of experiences in development and service. BORA Platform is associated with various partners across the industries capable of bringing a shift and advance in tokenomics, content and blockchain technology, and covers a range of contents from game to entertainment to guild DAO through an aggressive eco fund investment and partnership. Also, it is developing services optimized to GameFi such as NFT trading, token exchange and DeFi by running BORA Portal. BORA is a national game/entertainment token with a high liquidity in the market and reinforcing the accessibility of users and services abroad by increasing the listing on global cryptocurrency exchanges and expanding partnership.

文章來源 : PR Newswire 美通社 發表時間 : 2024/6/12 瀏覽次數 : 335 加入收藏 :

Global Business News

iSHANG and PSC Insurance Collaborate on Web3 "Proof of Coverage" Insurance Solution under Cyberport Web3 Proof-of-Concept Subsidy Scheme

HONG KONG, June 12, 2024 /PRNewswire/ -- iSHANG Technology Limited (iSHANG), a leading technology company specializing in Web3 solutions, and PSC Insurance Holdings (HK) Limited (PSC Insurance), subsidiary of PSC Insurance Group publicly listed on ASX, are pleased to announce their collaboration on the Cyberport Web3 Proof-of-Concept Subsidy Scheme to develop a pioneering "Proof of Coverage" Insurance Solution (PoC Solution). The partnership between iSHANG and PSC Insurance brings together their expertise and resources to create a user-friendly interface for policyholders, implement advanced Web3 smart contracts, and establish a secure and scalable infrastructure. This innovative PoC Solution aims to revolutionize the insurance industry by introducing non-transferable NFT (non-fungible token) certificates for policyholders, providing a secure and transparent platform for managing insurance policies. For more information, please visit - https://ishang.com/psc-insurance-group/ The collaboration between iSHANG and PSC Insurance reflects the collective effort to propel the adoption of Web3 technologies and drive digital transformation within the insurance industry, key advantages of PoC Solution include: 1) creating a secure, tamper-proof and transparent record of all transactions; 2) reducing the time and costs associated with claims processing; and 3) using smart contracts to increase efficiency and eliminate the need for manual intervention in routine processes. Web3 technology and blockchain, coupled with PoC Solution, are revolutionizing the insurance industry. They provide insurance companies with a way to ensure data integrity, transaction security and transparency. By leveraging these tools, insurers can streamline claims processing, automate certain tasks and increase trust between insurers and customers. iSHANG and PSC Insurance Collaborate on Web3 "Proof of Coverage" Insurance Solution under Cyberport Web3 Proof-of-Concept Subsidy Scheme "Our collaboration with iSHANG, exemplifies our commitment to driving innovation in the insurance sector," said Dr. Hei Wong, Managing Director of PSC HK Insurance Group (PSC HK Group). "As the insurance industry continues to evolve, Web3 technology will undoubtedly play an increasingly important role in improving transparency and trust between insurers and their customers. With PoC Solution provided by iSHANG, we are confident in developing a secure and efficient platform for managing insurance certificates, ultimately enhancing the experience for our policyholders." "We are excited to collaborate with PSC Insurance on the 'Proof of Coverage' NFT Certificate Project, and we are grateful for the support from the Cyberport Web3 Proof-of-Concept Subsidy Scheme," said Samson Lee, Co-founder and CEO of iSHANG. "This partnership, enables us to accelerate the development of our project and deliver a transformative solution to the insurance industry." The Cyberport Web3 Proof-of-Concept Subsidy Scheme plays a vital role in fostering innovation and adoption of Web3 technologies across various industries. By providing financial support, the scheme empowers businesses to explore the potential of emerging technologies and accelerate the commercial adoption of Web3 in different industry sectors. As the insurance industry embraces digitization, the need for transparency and trust becomes critical. Web3 technology and blockchain are revolutionizing the industry, equipping it with cutting-edge tools to protect data integrity and secure transactions. The PoC Solution enables insurance companies to create transparent and secure records of all transactions, streamline claims processing and automate through smart contracts. About iSHANG Technology Limited (iSHANG) iSHANG operates a "Web3-as-a-Service" (W3aaS) platform that provides the infrastructure and a gateway for brands & enterprises to enter into the Web3 market. iSHANG W3aaS platform developed 10 x Web3 Solutions that are built on Ethereum and Polygon blockchain using IPFS (Inter Planetary Filing System) decentralized storage system. In addition, iSHANG provides Campaign Driven Launchpad & Marketplace, designed for brands & enterprises to launch their web3 marketing campaigns & facilitates the promotion, customer acquisition, retention programs and also secondary exchange of NFTs. Ultimately, iSHANG also offers one-stop consulting campaign management which develop tailor-made Web3 marketing campaigns empowering brands and enterprises to transform their businesses in various use-cases to capitalize new market opportunities. For more information about iSHANG, please visit - https://ishang.com/ About PSC Insurance Holdings (HK) Limited PSC Insurance Holdings (HK) Limited is a subsidiary of PSC Insurance Group Ltd (ASX: PSI), a diversified insurance services group with operations in Australia, United Kingdom, Hong Kong, Vietnam and New Zealand. We operate through 4 operating segments and have over 40 trading businesses across the Group. For more information about PSC Insurance, please visit - www.pscinsurancegroup.com.au/ and www.charter-gilman.com.hk/

文章來源 : PR Newswire 美通社 發表時間 : 2024/6/12 瀏覽次數 : 629 加入收藏 :

Global Business News

UXLINK Surpasses 10 Million Users: A Historic Milestone in Blockchain and SocialFi

In-Depth with Bob Ng, CTO of UXLINK: Unveiling the Data Innovations Powering UXLINK’s SuccessSINGAPORE - Media OutReach Newswire - 12 June 2024 - UXLINK has surpassed 10 million registered users, solidifying its leadership in blockchain and SocialFi. This milestone, announced on their website and Twitter, makes UXLINK the first in these sectors to reach such a user base. Chief Technology Officer, Bob Ng shared insights into the platform's user metrics and measurement criteria. Emphasizing Genuine User Engagement Over Unique Wallet Addresses to Foster True Social Interaction Unlike most blockchain projects that measure success by unique wallet addresses, UXLINK prioritizes "registered users" to foster true social interaction. This approach addresses two key issues: the prevalence of invalid or sybil wallet addresses and the need for genuine user connections. UXLINK's registration involves three stages: invitation-based registration, human interaction verification, and product usage. This method results in a registered user count that is less than the number of unique wallet addresses. UXLINK currently has over 10 million registered users linked to 15 million wallet addresses. Each user may have multiple wallets, and UXLINK provides MPC wallets for Web2 users transitioning to Web3. UXLINK rejects sybil accounts and invalid wallet addresses to maintain data integrity, while respecting user privacy. Users may have wallets without social media accounts, and UXLINK ensures they receive exemplary service. Facilitating mass adoption through social interaction remains UXLINK's mission. Understanding UXUY Holders and Their Future Dynamics in UXLINK's Ecosystem UXLINK introduces UXUY holders, highlighting a unique Proof of Work (POW) score mechanism to boost community growth and interaction. UXUY, a non-transferable on-chain POW score, is generated through transparent community-driven mining, with no reserves or pre-minting. To be a UXUY Holder, users must: Have wallets registered with UXLINK. Contribute to community-defined POW activities. Claim their UXUY on-chain. Currently, UXLINK has 5 million UXUY holders, all community contributors, and potential governance token holders. This number is expected to grow, potentially reaching over 30 million, at which point UXUY mining will cease, fostering a positive network effect. However, the number may decrease if holders exchange UXUY for other assets like NFTs or governance tokens. This initiative underscores UXLINK's commitment to creating a dynamic, engaged community through transparent, incentivized interactions, revolutionizing the blockchain and SocialFi landscapes. Understanding UXLINK Holders and Their Criteria UXLINK has defined criteria for token holders, focusing on community contribution, on-chain interaction, and assets held in wallets. Pre-Token Generation Event (TGE): Before the TGE, UXUY holders exchanged UXUY for NFTs, which acted as airdrop vouchers. Holders received $UXLINK based on NFT levels and quantities. Additionally, a "Sybil Burning" process ensured authenticity, making NFT holders equivalent to token holders. Post-TGE: After the TGE, holders include all legitimate participants, including those purchasing tokens and contributing to the community. Current Holder Statistics: UXLINK has approximately 1,600,000 eligible holders, with numbers expected to fluctuate due to liquidity releases and community contributions. Implementing Anti-Sybil Measures to Ensure a Genuine and High-Quality Community UXLINK uses a three-step strategy to maintain a genuine community: Identifying and excluding false wallet addresses. Reclaiming rewards from inactive accounts and redistributing them. Conducting pre-TGE anti-sybil measures to reinvest reclaimed rewards. These measures underscore UXLINK's commitment to a transparent and robust system for identifying and rewarding genuine participants. UXLINK vs. NOTCOIN: A Comparative Perspective UXLINK, a social platform, and NOTCOIN, a game, both aim for mass adoption but differ in user engagement and on-chain metrics. Although NOTCOIN has a larger user base, UXLINK excels in on-chain activity and user retention. Key Differences: Depth of Interaction: UXLINK's activities foster deeper engagement compared to NOTCOIN's simpler Tap-to-Earn model. User Stickiness: UXLINK's retention is bolstered by real-world social connections and group activities. Quality of User Base: UXLINK's rigorous anti-whale measures ensure a higher-quality user base. UXLINK surpasses NOTCOIN in daily and monthly active users and user-to-holder ratios. Both platforms exemplify effective transitions from web2 to web3, with UXLINK open to future collaborations. A Vision for the Future: UXLINK CTO Bob Ng's Commitment Bob articulates a compelling vision for the platform's future, "Returning to our essence, our goal is to establish trust through familiar social connections while serving as the social platform for users and the infrastructure for service developers. In the future, we will collaborate with ecosystem partners to create a socialized layer for asset generation, flow, and distribution. This will enable users to trust, safely, and easily utilize various applications without the need for complex cross-chain interactions, allowing them to benefit from their own social assets. Moreover, we aim to empower developers to fully leverage our protocols, social relationships, and data to significantly enhance development efficiency and growth quality through modularized products and interfaces." Hashtag: #UXLINKThe issuer is solely responsible for the content of this announcement.

文章來源 : Media OutReach Limited 發表時間 : 2024/6/12 瀏覽次數 : 451 加入收藏 :

Global Business News

Bitget Protection Fund Valuation Peaks Over $464M in May 2024

VICTORIA, Seychelles, June 10, 2024 /PRNewswire/ -- Bitget, the leading cryptocurrency exchange and Web3 company, announces today the updated valuation of its Protection Fund for May 2024. With the highest value at $465 million on May 20th and an average monthly valuation of $425 million, Bitget reinforces its commitment to fortify user security and safeguard its digital assets. Since its inception in August 2022, the Protection Fund has been a cornerstone of Bitget's user-centric approach, epitomizing the platform's dedication to providing a secure trading environment. In a volatile landscape, the Protection Fund acts as a safety net against potential threats, ensuring Bitget users' assets remain shielded from adversities. Throughout May, driven by market trends and the BTC valuation, Bitget's Protection Fund maintained a steady average monthly valuation of $425 million, significantly exceeding the company's commitment of $300 million made in Oct 2022. In the past month, the Protection Fund retained its holdings of 6,500 BTC stored in three separate wallets, with all addresses publicly displayed for transparency. Bitget Protection Fund Valuation Status in May 2024: Highest value: $ 465 million (May 20)Lowest value: $ 378 million (May 1)Average value: $ 425 million Utilizing a self-insured reserve model, Bitget's Protection Fund operates independently, enabling swift and adaptive responses to emergent challenges. Free from external dependencies, the fund can swiftly reallocate resources to mitigate risks and protect user assets during turbulent market conditions or unforeseen events. Gracy Chen, CEO of Bitget, remarked, "At Bitget, security is our top priority. The Protection Fund is a testament to our commitment to safeguarding our users' digital assets. By maintaining an industry-leading protection fund making sure it is valued at above $300 million and insisting on making the wallet addresses public, we provide our users with peace of mind and security across all market conditions. We remain dedicated to transparency and security, ensuring that our platform remains a trusted leader in the cryptocurrency exchange industry." In addition to the Protection Fund's robust performance, Bitget upholds its transparency standards by providing verifiable Proof of Reserves data and offering users unrestricted access to comprehensive fund storage information, including publicly available wallet addresses. Bitget's unwavering dedication to transparency and security solidifies its position as a trusted leader in the cryptocurrency exchange industry. To track Proof-of-Reserves, please visit here. About BitgetEstablished in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and many more. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

文章來源 : PR Newswire 美通社 發表時間 : 2024/6/10 瀏覽次數 : 314 加入收藏 :

Global Business News

Bybit Web3 Revs Up for Season 2 of Velocity Series NFTs with Renowned Data Artist Kjetil Golid's Two-Part Collection

DUBAI, UAE, June 6, 2024 /PRNewswire/ -- Bybit Web3, the Web3 division of Bybit —one of the top three global crypto exchanges by trading volume, is thrilled to announce the highly anticipated launch of the collaborative artist collection for the Velocity Series NFTs – Season 2. Building on the success of last year's groundbreaking collaboration with Oracle Red Bull Racing, this season features a two-part artistic odyssey crafted by renowned data-centric artist Kjetil Golid. Emily Bao, Bybit Web3 Evangelist, states: "We're excited to partner with Kjetil Golid, whose unique blend of art and data perfectly captures the essence of Formula 1 racing. Velocity Series Season 2 promises a thrilling experience for collectors and racing enthusiasts alike." Bybit Web3 Revs Up for Season 2 of Velocity Series NFTs with Renowned DataArtist Kjetil Golid's Two-Part Collection A Deep Dive into Kjetil Golid's Data-Driven Art Kjetil Golid, a Norwegian visionary with a deep fascination for algorithms and data structures, has used his expertise to craft a unique artistic narrative. His initial exploration of generative art stemmed from a desire to visualize the complexities of various algorithms, and this passion shines through in the Velocity Series NFTs. The Unveiling: Decision Matrix and Risk/Reward The Velocity Series Season 2 concludes with two captivating collections: Decision Matrix: This intricate artwork depicts a symphony of cogwheels and chip stacks, each piece uniquely representing one of Oracle Red Bull Racing's 377 races, commemorating their remarkable 20th anniversary. Risk/Reward: This series delves into the high-octane world of Formula 1, where calculated risks and potential rewards constantly dance on a knife-edge, defining the difference between victory and defeat. Exclusive Access for Velocity Pass 2.0 Holders Holders of the coveted Velocity Pass 2.0 can eagerly anticipate the upcoming launch of both the Decision Matrix and Risk/Reward collections. More details regarding the launch process will be revealed soon. For further information on the Velocity Series NFT launch and to join this exhilarating journey into the world of Formula 1 art, please stay tuned to Bybit Web3's official channels. #Bybit / #TheCryptoArk / #BybitWeb3 About Bybit Web3 Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally. Join the revolution now and open the door to your Web3 future with Bybit. For more details about Bybit, please visit Bybit Web3. About Bybit Bybit is one of the world's top three crypto exchanges by trading volume with 30 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team. For more details about Bybit, please visit Bybit Press.For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

文章來源 : PR Newswire 美通社 發表時間 : 2024/6/6 瀏覽次數 : 518 加入收藏 :

大陸港澳

TEQUILA DON JULIO 推出首批限量版 DON JULIO 1942 創新以酒桶為單位的全球拍賣銷售

文章來源 : Media OutReach Limited 發表時間 : 2024/6/6 瀏覽次數 : 2206 加入收藏 :

Tequila Don Julio Launches First Ever, Limited-Edition Don Julio 1942 Expressions With Innovative Global Cask Sale

發表時間 : 2024/6/5

CyberNext Vision宣佈與ByteTrade Lab建立戰略合作夥伴關係為Web 3社區及項目部署落實DePIN和融合AI人工智能嶄新技術

發表時間 : 2024/6/3

Artrade 全新 RWA 功能 Fragments 與畢卡索畫作同時推出

發表時間 : 2024/5/31

Artrade's new RWA feature 'Fragments': Launching with a Picasso

發表時間 : 2024/5/29

Boost Engagement and Drive Growth with Giveaway.com's Revolutionary Web3 Campaign Tools

發表時間 : 2024/5/29

AIRDROP2049, UXLINK's Ecological Program, Draws Over 1 Million Users from 190 Countries in the First Season

發表時間 : 2024/5/24

Bybit註冊用戶突破3000萬，標誌著Web3的爆炸式增長和行業領先地位

發表時間 : 2024/5/22

Alchemy Pay宣佈與勝利證券合作為用戶提供現貨ETF申購

發表時間 : 2024/5/22

Thetan World Launches The Airdrop Event: Prize Pool Of 10,000 USDT

發表時間 : 2024/5/22

UXLINK Tops RootData's Latest X Hot Items List and DappRadar Social Apps List

發表時間 : 2024/5/17

Panda社區推出創新遊戲玩法，加強404協議生態系統

發表時間 : 2024/5/16

Panda Community Launches Innovative Gameplay to Enhance the 404 Protocol Ecosystem

發表時間 : 2024/5/16

Artmarket.com: 2024 Q1 revenue growth… AI with the Intuitive Artmarket® in Artprice databases… New high value-added services and subscriptions

發表時間 : 2024/5/15

OKX在澳洲推出虛擬貨幣交易所，提供現貨及衍生產品交易

發表時間 : 2024/5/14

Social Infrastructure UXLINK Launches Limited Community Sale for Airdrop Voucher NFTs

發表時間 : 2024/5/13

Empowering Web3 Users: UXLINK Partners with OKX Web3 Wallet for $UXLINK Airdrop Initiative

發表時間 : 2024/5/13

UXLINK Secures New Round of Funding from SevenX Ventures, INCE Capital , and HashKey Capital

發表時間 : 2024/5/13

Spring 2024 Cohort: Web3 & Gaming

發表時間 : 2024/5/13

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