Blockchain
LBank Exchange Will List iBNB on November 11, 2021
Internet City, Dubai–(Newsfile Corp. – November 9, 2021) – LBank Exchange, a global digital asset trading platform, will list iBNB on November 11, 2021. For all users of LBank Exchange, the iBNB/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on November 11, 2021.
Figure 1: LBank Exchange Will List iBNB on November 11, 2021
In recent years, DeFi (decentralized finance) has become one of the most important parts of crypto world, and lots of tools and platforms have emerged for people to participate in DeFi. As the first dynamic DeFi token, iBNB is trying to revolutionise decentralised finance, and it will be listed on LBank Exchange at 21:00 (UTC+8) on November 11, 2021, to further expand its global reach and help it accomplish its mission.
Introducing iBNB
iBNB was coined and traded as the first dynamic DeFi token, the word dynamic here refers to a transaction fee mechanism which is adaptive: it ensures healthy liquidity and maximize dividends. Its Dynamic Transaction Protocol (DTP-3) dynamically adjusts the balance and distribution of transaction fees towards liquidity and dividends according to the health of liquidity with respect to the market capitalisation.
With a dividend pool generating protocol built on the BSC, iBNB aims to revolutionise the volume-to-BNB pool refill rate that has seen other tokens lose value during sustained periods of low volume. In summary, iBNB focuses on prioritising the replenishment of the dividend pool while also maintaining a healthy amount of liquidity in the PancakeSwap AMM liquidity pool for trading.
The nBNB Network
Every other “reward token” utilizes the transaction fees based on its own trading volume. The problem with this is that it requires continuous exponential growth to provide fruitful and consistent ROI from dividends, which is simply unsustainable and considered highly unrealistic within any financial market. To solve this problem, iBNB team introduced the nBNB network.
A long-term goal of iBNB is the expansion of the nBNB network. The nBNB network is a network of partnerships and internal projects. It provides iBNB community of investors with safe investment opportunities. nBNB provides support to unique and promising projects seeking an audience and most importantly, accompany them on the road to success.
The iBNB Bank
The iBNB Bank is the central investment management entity within the iBNB Ecosystem. As central receiver of high-volume transaction fees from the nBNB Network and exchanges, the iBNB Bank intelligently manages money through smart-contracts, quantitative algorithms, DeFi protocols, and strategic investments.
The iBNB Bank will benefit from fees of every token on the nBNB network regardless whether they are traded on DEX or on CEX. The sum of all those inflows will support the iBNB dividend pools with high-volume cash-flows. This setup of the connected ecosystem (nBNB Network to The iBNB Bank to iBNB Dividend Pools) is a world-first and prepares iBNB for Grand moves in crypto. nBNB network goal for 2023 is to include 25 partner tokens. This means, roughly 25 projects will contribute to the Bank, with an average of 1.5% per transaction, per project, per exchange, with unprecedented cash-flows to the Dividend Pools of iBNB, ready to collected by iBNB investors.
The listing of iBNB on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about iBNB Token:
Official Website: https://ibnb.finance
Twitter: https://twitter.com/iBNBfinance
Telegram: https://t.me/IBNBFinance
Whitepaper: https://whitepaper.ibnb.finance/
Listing Announcement on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/4409155122841-IBNB-will-be-listed-on-LBank
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users in more than 210 countries around the world.
Visit us on social media:
l Facebook
l Twitter
l LinkedIn
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102635
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
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.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
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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