Blockchain
JEDSTAR Announces Launch of Its Second Token $KRED, As It Aims to Tip the Scale in Favour of a True Mass Crypto Adoption
Singapore, Singapore–(Newsfile Corp. – November 3, 2021) –
Figure 1: JEDSTAR Announces launch of its 2nd Token $KRED, as it aims to tip the scale in favour of a true mass Crypto adoption.
Since Bitcoin launched in 2009, believers in a decentralised monetary system believed that crypto would eventually replace or at least co-exist with today’s existing currencies. 11 years later, only 4% of the global population own crypto and its use case as a method of payment is even less prevalent.
In contrast, with the rise of mobile gaming, up to 40% of the world’s population could be considered at least casual gamers and the gaming industry has generated over 170 Billion USD revenue in 2020 (double the revenue of the music and film industry combined).
JEDSTAR’s Arrival
There’s where the JEDSTAR team comes in, a team revolutionising DeFi, GameFi and in fervent pursuit of mass crypto adoption, and launching their second token $KRED in November.
JEDSTAR believes that attempting to get crypto adopted as a currency through the traditional financial path, would hit too many hurdles (whether psychological or regulatory) and that gaming, as a global phenomenon is similar to blockchain, in the sense that, it is still a relatively new space that is only just starting to explode – thereby offering huge potential for the future of crypto being adopted through games, as it is already a sector that is utilised by a demography that is technologically inclined, which lessens the learning curve.
That is why JEDSTAR strongly believes that blockchain gaming, GameFi and in particular $KRED will be the tipping point for mass crypto adoption.
$KRED features:
- Currency as a Service: A platform and (will be blockchain) agnostic currency. Meaning that not only will $KRED be the currency of JEDSTAR’s upcoming games, it will also be enabling game studios and developers to leverage their blockchain technology, to provide to their gamers true ownership of their in-game funds, as well as in-game rewards.
- Marketplace as a Service: their Marketplace AGORA, powered by $KRED, will enable gamers to truly own their in-game purchases and assets, radically transforming the way ownership of assets is viewed and potentially increasing the value of these assets, as they would have true value out-game.
- JEDSTAR Gives Back to the Community: contrarily to gaming studios, JEDSTAR give back to the backbone of the gaming community: the gamers and content creators/artists. All in-game assets are owned by the gamers (they could port it out of the game or even out of our platform) and content creators and artists are given royalties on each asset created every time they are sold.
- JEDSTAR DECO: $KRED is part of a three token Decentralised Ecosystem (DECO) that will educate and enable gamers and artists to have a better grasp and access to financial services without any centralised intermediaries or high buy-in and enable them to not only earn income through GameFi and Defi, but also take control of the narrative of the games and lore, through a governance token.
The Brains Behind:
On their vision, Josh Gier, JEDSTAR’s CEO highlights that:
“We believe that similar to what blockchain is trying to achieve with the financial system, it is time that we empower the people that are the backbone of the industry, in this case the gamers and artists.
And it is only through decentralisation that we will be able to take back what gaming studios felt entitled to and provide true ownership and income opportunities to those who have been really fuelling the gaming industry.
And we believe that, unlike the financial industry, radical change and mass adoption is possible through gaming, and we strive every day to develop products, services, as well as educate our communities, to make this vision a reality.”
JEDSTAR is a three token Decentralised Ecosystem (DECO), which launched their first token $JED in August 2021 and saw a price increase of 80,000% since. They will be launching their second token $KRED and their NFT Marketplace Agora end 2021, as well 2 blockchain games, one CCG and one MMORPG and their Metaverse in 2022.
Twitter: https://twitter.com/jedstarofficial?s=21
Telegram: https://t.me/JedstarOfficial
YouTube: https://www.youtube.com/channel/UCTKy7p9HZBTJmvYnj_fp2Xw
Instagram: https://www.instagram.com/jedstarofficial/
Reddit: https://www.reddit.com/r/JedStarOfficial/
Discord: https://discord.gg/jedstar-officialserver
Media Contact:
Company: JEDSTAR Limited
Contact Name: Josh G
E-mail: [email protected]
Website: https://jedstar.app/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101841
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.
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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