Blockchain
Altbase Token to Launch October 25th
Rosedale, California–(Newsfile Corp. – October 24, 2021) – Altbase – the new token offering on BSC and mobile altcoin exchange, has announced that the completion of the migration from 100xCoin to $ALTB will be coming to an end, and the new smart contract will be going live on Oct 25th.
Altbase Token
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The token is officially going live for buys from October 25th and will be initially available on the Altbase application and PancakeSwap, with additional exchange listings planned soon after. The time of launch will be announced 2 hours before, to prevent sniping.
The $ALTB Token Contract Address
The address for the new $ALTB token – 0x9b3a01f8b4abd2e2a74597b21b7c269abf4e9f41.
New Token – New Tokenomics
The previous hyper-inflated tokenomics for the 100XCoin were not suited for the use case that Altbase has planned for the native token. The overall supply will be reduced pro-rata from 877 Trillion, to 935 million coins approximately.
The new token and associated tokenomics will be built for utility, to be an effective trading pair with other tokens inside the Altbase platform. Transaction fees will also be significantly reduced to 2% for all transactions.
As part of the tokenomics changes for the Altbase token, there will be a remaining amount to be utilized by the development team, of which could potentially be used for buybacks on the new Token after the launch has taken place on Oct 25th.
$ALTB Token – A Native Utility Token
Altbase aims to be the first stop when investors are seeking to buy altcoins and a leading altcoin exchange on the level with the biggest in the industry. The purpose of $ALTB is to provide effective pairing with the altcoin selection inside the mobile application. The $ALTB token is aimed to be used as a utility token within the app for purchases, and eventually will be adopted as a native currency pairing option with other altcoins and meme coins listed within the exchange.
The application itself is also seeing a development upgrade with an overhauled user interface and additional informational product page, with details soon to be released about this upgrade.
New projects are continually being listed to the app, with many that are currently unavailable on other exchanges. The premise is, by utilizing $ALTB as a token that can effectively pair with these coins and tokens, volume is driven to the $ALTB token itself.
How To Purchase $ALTB
The new Token smart contract will have liquidity added to PancakeSwap V2 on the launch day of Oct 25th – the same day it will be listed on the Altbase application. Easy purchasing of various tokens inside the app is a goal for the community team, as such, the token will be available to buy with BNB, using the in-built payment system and a debit or credit card.
Altbase.com – The Home of Altcoins
The new website has experienced a complete revamp and is more streamlined than the previous version, with an easier-to-navigate user interface for users. The site was built by Coinpresso – a leading crypto marketing agency that specialise in advertising, SEO and building optimized websites for the crypto industry.
Included with the redevelopment is a selection of informational listed coins pages for projects that have partnered with Altbase and tokens that are listed within the app. Each one of these pages has been designed to give users and potential investors with information about the projects listed on the app, to assist with their purchasing decisions.
Future Plans
Altbase is focused on continually improving and growing the platform to always enhance the user experience while also providing more choice for investors seeking to buy altcoins and meme coins.
Altbase as a service is striving to be an easy, straightforward experience with a streamlined approach to all of their individual products and the current rebranding efforts, as well as the token migration from the brand is a significant step to achieving this goal.
The app is available to download on mobile now, for iOS and Android.
Twitter: https://twitter.com/AltbaseApp
Discord: https://t.co/Xv26mj66HH?amp=1
Media Contact:
Curtis Ramsay
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100688
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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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