Blockchain
Altbase Token to Launch Oct 12
Rosedale, California–(Newsfile Corp. – October 8, 2021) – Altbase Token ($ALTB) will officially launch on the Binance Smart Chain on Oct 12. The token will have an overall supply of 935 Million Tokens, with the token offering now being aligned to the Altbase Mobile app for iOS and Android.
Official Launch
The token will be available for users to buy from Oct 12 at 12PM PST. The token will initially be available on PancakeSwap, with further exchange listings planned, including relisting of selected exchanges that previously listed 100xCoin.
New Altbase Token Contract Address – 0x9b3a01f8b4abd2e2a74597b21b7c269abf4e9f41
Tokens Saved for Buybacks
As the previous 100xCoin contract had hyper-inflated tokenomics, the supply has been reduced at a 1,000,000/1 ratio, in order to make the token more reflective of an exchange-based product. In doing so, there are remaining tokens for the development team of Altbase to make buybacks on the new token once it is launched for buys after Oct 12.
A Native Token
The purpose of $ALTB is to provide a currency pairing for the Altbase mobile app. The app is being rebranded, with new flows and UI along with further product pages. The token itself will be used within the mobile app for purchases, and over time will be used as a native currency pairing to other altcoins and meme coins.
Altbase continues to list new projects that are otherwise unavailable on major exchanges. Having an app that is a safe haven for new investors is fundamental to the project’s ideals, and having a native token that’s paired to these coins with big communities will drive volume on the token itself.
A Major Buying Event?
Oct 12 is the official launch of the token to the marketplace, with the contract having been locked for buys up to this point. This was done in order to prevent illegitimate trading whilst no liquidity is within the contract, of which is being added on the 12th. Therefore, a backlog of potential buyers has queued as purchases have been unable to take place for 10 days on this contract.
Preventing buys on the token until the 12th was to protect investors, but also to create buying pressure on the 12th.
How To Purchase $ALTB
The new contract will have liquidity added on Pancakeswap V2 on Oct 12, with the token also being listed on the Altbase app at the same time. This will provide users options to buy the new token with BNB, and credit or debit card. Users can also buy altcoins using payment cards via altbase.
What Next for Altbase?
A marketing drive will commence with the app looking to establish itself as the “home of altcoins”. This will include a variety of digital marketing strategies with high media spend.
10 new projects are to be listed to the app imminently, with 1 new project being listed per week. The Octaplex Network and its ecosystem for new crypto coins Is being listed on Oct 4 at 12PM PST.
Altbase.com will go live on Oct 6, with brand new UI rolled out across the site with new product pages for every crypto listed on the app.
Media Contact:
Curtis Ramsay
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/99054
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Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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