Blockchain Press Releases
First Digital Habits Study of Uzbekistan: Uzum ecosystem services are the most-in-demand digital products in the country
TASHKENT, Uzbekistan, July 20, 2023 /PRNewswire/ — Services of the Uzum ecosystem lead the rankings in the first-ever study of digital habits and preferences of Uzbekistan’s population. The study conducted by Research Group Central Asia (RGCA), an IPSOS-accredited research agency, surveyed participants aged between 18 and 54 sampled to accurately represent the country’s demographics. Over 50% of Uzbekistan’s population of 35 million are young people actively using digital services. The respondents gave unaided answers on product preferences to reveal the most popular platforms.
According to the survey, Uzum Market took first place among the services for daily purchases with ¾ of respondents (72%) naming the marketplace as their go-to e-commerce destination. The other two platforms were Instagram (45%) and Telegram (44%). In less than a year Uzum Market, a leading online marketplace providing access to over 500,000 SKUs with a single-day delivery across the country, acquired millions of users and topped the apps ranking in mobile stores.
Among the payment services, the national payment system Click came out as an absolute leader in the answers of 71% of respondents, while the second and third places went to Payme (65%) and Uzum Bank (57%) respectively. The recently announced plans of Click to merge with Uzum ecosystem would allow offering advanced fintech services to more than 13 million people, over a third of the country’s population, and launch new products aimed at a wider range of daily needs.
“With this study we aimed to reflect how the daily lives of people of Uzbekistan changed with the onset of the digital economy,” says Vladislav Karpov, the general director of RGCA. “We see how digital services are replacing and supplementing traditional outdoor markets and bank branches, and such a detailed survey allows us to understand what services address the needs of the local users best and reveal the leaders in convenience and brand awareness.”
“We are seeing tremendous interest in the services of the Uzum ecosystem. Since the launch of Uzum Market over 6000 merchants from across the country registered on our platform. Moreover, every month more than 500 businesses partner with our Shari’ah compliant BNPL installments service Uzum Nasiya,” adds Roman Lavrentiev, Chief Operating Officer of Uzum Group. “Synergy of services within the ecosystem creates unique opportunities that drive the process of businesses and customers transitioning from offline to online. The young and entrepreneurial population of Uzbekistan is actively exploring these new services both for day-to-day use and business growth.”
For additional information please contact: [email protected]
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Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
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According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.
The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.
Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.
A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.
The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.
The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.
Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.
As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.
Source: cointelegraph.com
The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.
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