Blockchain
Contentos (COS) Topped 24h Trading Volume a Week After Launching on Binance
The content public chain project Contentos (COS) invested by Binance Labs has been launched on the Binance main station and opened COS / USDT, COS / BNB, COS / BTC trading pair recently. Within one week of its launch, COS has its appearance on 24h Volume Top. Cheetah Mobile, Ontology, LD Capital, Blockshine, Node Capital and LiveMe all expressed their congratulations and support of COS in its long-term value. They believe that blockchain technology will empower the content ecosystem and become a new engine for the evolution of the content industry.
Brazilian influencers have been all over COS mining – simply by posting selfies on PhotoGrid. COS is the token issued by Contentos. A fashion blogger posted 178 posts on PhotoGrid in 14 days and got more than 6,300 likes, meaning she dug 15,217 COS, which is about $685.
PhotoGrid (PG) image social platform has more than 40 million active users around the world. After successfully integrating with Contentos (COS) content ecosystem, PG launched the “COS content creation reward mechanism” pre-pump activity. It took less than ten days for the number of image releasers to increase by more than 457%. More than 454,263 creators have received COS eco rewards.
Creator Fran Araújo posted a selfie on the first day of the reward creation pre-pump. This picture, receiving the most likes on the same day (7/21), dug 1,300 COS for Araújo, equivalent to $58.50. According to the Continuous National Household Sample Survey published by the Brazilian Institute of Geostatistics (IBGE), in 2018, the average monthly income of Brazilians is R$ 2,290 (BRL) and the average daily income is BRL 76.33 (BRL), which is about 18.61 US dollars. Fran Araújo’s eco reward from a selfie on PhotoGrid is equivalent to a three-day income for the locals.
Fran Araújo said: “I have been using PhotoGrid for a long time. I saw the notification right when the content creation reward mechanism went online. But I just posted pictures as usual, and thus naturally participated in this activity. I didn’t expect my picture to get the most likes on the first day. I’m truly thrilled and looking forward to more activities.” The COS content creation reward mechanism not only created profit but also added her more than 2,000 fans.
Contentos (COS) implanted the content creation reward mechanism into PhotoGrid, leading a substantial growth in the core data of the PhotoGrid platform, including an average daily active growth of 135%, a 191% increase in the number of creators, and a 224% increase in the number of works published. As for the number of new users in Brazil, there was an 89% increase.
PhotoGrid R&D Director Keith Huang said: “PhotoGrid, as a mature image platform product, has been constantly seeking a symbiotic model that is beneficial to the platform and its users. Cooperation with Contentos leads us towards a win-win situation. We will continue to work with Contentos and explore the possibilities in the field of photo creation.”
Contentos Co-founder and CEO Mick Tsai also gave recognition to PhotoGrid’s “COS content creation reward mechanism: “The content industry aims at a wide range of real community users. This step (COS integration) allows us to help the content industry evolve through blockchain technology. The decentralized implementation is now clearer. By simply using PhotoGrid to edit their favorite photos, posting them on the platform, and inviting friends to like their posts, users can enjoy the benefits of creation mining. The acceptance and conversion rate of Brazilian users is amazing and uplifting. Now, PhotoGrid global users can complete a variety of tasks on the platform to get PG points and convert to COS. We will actively discuss with the PhotoGrid team to hold pre-pumps in more regions for users to experience the COS content creation reward mechanism.”
SOURCE Contentos
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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