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
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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