Blockchain
LBank Exchange Will List Chain Token (CHN) on December 24, 2021
Internet City, Dubai–(Newsfile Corp. – December 22, 2021) – LBank Exchange, a global digital asset trading platform, will list Chain Token (CHN) on December 24, 2021. For all users of LBank Exchange, the CHN/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on December 24, 2021.
Figure 1: LBank Exchange Will List Chain Token (CHN) on December 24, 2021
As a blockchain based technology company, Chain is on a mission to enable a smarter and more connected economy. Powered by its ledger-as-a-service platform named Sequence, Chain builds cryptographic ledgers that underpin breakthrough financial products and services. Its utility-based cryptocurrency CHN will be listed on LBank Exchange at 21:00 (UTC+8) on December 24, 2021, to further expand its global reach and help it achieve its vision.
Introducing Chain
Chain is a blockchain based technology company on a mission to enable a smarter and more connected economy. Powered by Sequence, its ledger-as-a-service platform, Chain builds cryptographic ledgers that underpin breakthrough financial products and services.
Founded in 2014, Chain has raised over $40 million in funding from Kholsla Ventures, RRE Ventures, and strategic partners including Capital One, Citigroup, Fiserv, Nasdaq, Orange, and Visa.
What Is Sequence
Sequence is a ledger-as-a-service for managing balances. It combines the power of a token-based data model with the convenience of the cloud, making it easy to build, operate, and scale forward-thinking products. Sequence can securely track any type of value, letting software teams focus on shipping and scaling their products instead of building and maintaining ledger infrastructure.
Sequence is used as a system of record by a diverse set of companies including mobile wallets, crypto asset exchanges, lending platforms, sharing economy apps, payment services, funding sites, asset managers, and many more. Any application that needs to record transactions and calculate balances can benefit from using Sequence.
About CHN Token
Chain Token (CHN) is utility-based cryptocurrency which is used for discounts, premium access, and to pay for commercial fees on Sequence. It’s also used for on-chain governance for various community driven programs.
The total supply of CHN is 100 million (i.e.100,000,000), 50% of it is distributed to Sequence clients retroactively and currently, for free, as part of its distribution program, 30% sits on the corporate treasury balance sheet, which is half unlocked and the remaining half will unlock over 60 months through audited time-lock smart contracts, 10% is allocated to the team, and the rest 10% is for reserves, which is held under decentralized treasury and used for various community voted programs through on-chain governance.
The CHN token will be listed on LBank Exchange at 21:00 (UTC+8) on December 24, 2021, investors who are interested in Chain investment can easily buy and sell its token on LBank Exchange by then. The listing of CHN on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about CHN Token:
Official Website: https://chain.com/
Telegram: https://t.me/Chain
Twitter: https://twitter.com/chain
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 from now more than 210 regions around the world.
Start Trading Now: lbank.info
Community & Social Media:
l Telegram
l Twitter
l Facebook
l Linkedin
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
Blockchain
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Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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