Blockchain
JEDSTAR Launches New Staking Program That Offers Ups up to 12,000% APR
Singapore, Singapore–(Newsfile Corp. – November 8, 2021) – JEDSTAR has announced STARSTAKING, a revolutionary DeFi and staking platform that gives the opportunity to the holders of their first token (Token: JED, Price: $0.43, +200% 24H) up to a staggering 12000% APR in returns in $KRED. $KRED is the JEDSTAR DECO’s GameFi token and will be used in the upcoming NFT marketplace, digital collectible card game (DCCG), and MMORPG.
To participate in STARSTAKING, a minimum of 1000 $JED must be staked in order to earn rewards in $KRED and the participants get rewards according to the tiers they choose. Each tier locks $JED for a certain period of time, and the longer the staking period, the more rewards $KRED is reward to the participant.
This first staking program launched by the JEDSTAR team is focused on celebrating the launch of $KRED, however the team has confirmed that other staking and farming programs will be introduced in the near future that will enable participants to be rewarded in tokens non-native to JEDSTAR i.e. ETH, BNB.
For a quick overview of the extent of the current staking reward, the team has provided a detailed breakdown for participants who would stake 10,000 $JED;
Figure 1: JEDSTAR launches new staking program that offers ups up to 12,000% APR
Josh G, CEO of Jedstar stated, “This staking program is a way for us to say ‘thank you’ to a community that has been with us for the last two months and supported our 400,000% price growth! We would like to reward $KRED to our investors, that would allow them to purchase art, from established artists, on our NFT platform AGORA, as well as play (and play-to-earn) on the upcoming hundreds of games to be launched in the next few months.”
STARSTAKING will go live in the last week of November and interested parties may find out more on their website www.jedstar.app.
Social Media:
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/102449
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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.
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