Blockchain
Salary Token Listed On PancakeSwap
Hessen, Germany–(Newsfile Corp. – December 2, 2021) –
Figure 1: Salary Token Listed On PancakeSwap
And that’s where the ‘Salary‘ token comes in – a DeFi based, deflationary-designed, hard-cap asset that rewards its users/hodlers via USDT. Salary is a token on the Binance Smart Chain.
The Reward System
To benefit from the reward system, all one must do is enable both the Salary Token as well as BSC-based USDT in their wallet, hold a minimum amount of SLR tokens, and simply wait. As transactions are processed (buys/sells) through the Salary token smart contract, rewards are automatically distributed to holders proportionate to the total number of tokens held in their wallet.
These rewards come from a fee or “tax” (24%) that is imposed on each transaction. A small percentage of the 24% tax (4%) is reserved for Marketing (more on this in a minute) and other expenses. The rest (20%) is redistributed as described above. With its 20% reward structure, Salary cleverly positioned itself as the highest paying, ‘frictionless yield-generating asset’ in the DeFi space.
While other projects tend to pay rewards in their native token, Salary offers more freedom to its community by paying them in USDT. Many holders may elect to “roll” their USDT rewards back into Salary to further compound their reward payouts (think Dividend Reinvestment Plan or ‘DRIP’). Others may utilize the payouts to invest in other projects, offset the initial cost of their initial investment, pay bills, etc. In practice, Salary provides its holders with a (you guessed it!) salary.
Tokenomics
As far as the available supply is concerned, a scarce 1,000,000 tokens were minted, of which 137,000 have already been burned, with plans for even more tokens to be burned as the token’s price matures and milestones are achieved.
All tokens are currently in circulation – liquidity pools have been locked until 2024 to calm potential investors, the chain has completed an Audit, and the team is actively in the process of fully doxxing themselves to further bolster confidence in their project.
New Products/Services
The rewards system is just the beginning. The key to Salary’s plan is in developing new products/services that will drive on-chain activity. Increasing volume on-chain is the key to Salary’s volume-based reward system. In the coming months, Salary’s developers will be hyper focused on building a complex ecosystem with this end goal in the forefront of their minds.
One of these projects involves the creation of a revolutionary ‘Salary Debit Card’, which aims to to offer its users with the ability to frictionlessly spend their crypto assets at fiat-based institutions that do not accept cryptocurrency.
Salary’s tag line reads, “To bridge the Crypto world with traditional finance.” Salary’s powerful Marketing budget and team have been working tirelessly, forging key partnerships with influencers, fostering a positive and engaged community across all Socials, and frequently hosting AMA’s to stretch their influence and instill confidence.
Their efforts have not gone unnoticed or unrewarded, with the price of a single Salary token reaching an all-time high of $9.74 on 11/25/21, a mere 4 days after launching at a price of only $0.60 per token. This price action represents a 1,600% price increase.
Salary is currently available on PancakeSwap and 1-Inch.
Social Media Handles:
Twitter: https://twitter.com/crypto_salary
Telegram: https://t.me/SalaryEN
Medium: https://medium.com/@CryptoSalary
Github: https://github.com/SalaryOfficial
Reddit: https://www.reddit.com/r/CryptoSalary/
Media contact:
Company: Crypto Salary
Email: [email protected]
Website: https://cryptosalary.net
Disclaimer: Information or any fact found on above content is those of writers and company quoted. It does not represent the opinions of this site on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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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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