Blockchain
Squeeze Token Announces Its Arrival in Style, Aims to Settle the Issues of Crypto Industry
New York, New York–(Newsfile Corp. – October 27, 2021) – Squeeze Token, a decentralized community working to stop rug pulls with utility within a deflationary project, is pleased to announce its arrival in the Cryptocurrency trading industry.
According to the team, it identified the major problems that most cryptocurrency investors have to deal with when investing in small-cap cryptocurrency projects and created a platform to solve that problem and make investing a lot easier for them, regardless of the crypto’s market size.
Figure 1: Squeeze Token announces its arrival in style, aims to settle the issues of Crypto industry
Problems identified
One of the problems it identified is the issue of imitating projects created by developers who copy and paste contracts, leading to more rug pulls.
These rug pulls drive genuine investors away from the industry. Squeeze Token is designed to address that issue and make investing in digital currencies, not a burden, but an interesting endeavor.
The solution introduced
Squeeze token is created to “fix these problems by providing a DAPP that will scan contracts for common code used in unsafe small cap crypto investments.” With the aim to create a DAPP that will alert investors of speculative wallet activity and help investors and new projects with all the tools they need to help their project succeed.
To ensure credibility and make the best projects available for listing on their exchange, the team insists that the project must pass their audit conducted by its team. Only projects that meet their requirements are issued the Squeeze Seal of Approval and listed for prospective investors.
Squeeze Tokenomics
The Squeeze Token team has reportedly burnt 75% of their total supply of 100,000,000,000,000 tokens and the token keeps growing transaction per transaction.
Each transaction conducted with the token attracts an 11% fee. 8% of the fee is earmarked for distribution while the remaining 3% goes back into liquidity/buyback, which will be used to increase the squeeze token floor. It can also be used for paying maintenance and development fees for the project.
On sales at HotBit and other Exchanges
The Squeeze token is available for sale on major cryptocurrency exchanges such as Hotbit, FEGex, and iNDOEX.
Helping hand in betterment of the world
Besides offering cryptocurrency investors a platform where they can invest in only credible digital assets, the team is heavily involved in philanthropy as well.
While stating its philanthropic gesture, the team quoted: “Our mission with philanthropy began with donations for rice to a community in the Philippines. Donations are secured through The Squeeze Token’s site.”
“Our first one was 50 bags of rice and we were able to provide it a day early. The second donation, also in the Philippines, was food bags and Personal hygiene items. Next donations will be going to Somalia and Nigeria.”
Vision ahead for Squeeze
There is also on-going process of a partnership program to deliver basketball camps for youth programs globally. The team promised to continue donating a portion of their marketing funds to charity in line with the project’s growth.
Social Media:
Twitter: https://twitter.com/SqueezeToken
Telegram: https://t.me/squeezetoken
LinkedIn: https://linkedin.com/in/squeeze-token
Media Details
Company Name: SqueezeToken
Email: [email protected]
Website: https://squeezetoken.finance/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101036
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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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