Blockchain
LBank Exchange Will List Community Token (COMT) on January 12, 2022
Internet City, Dubai–(Newsfile Corp. – January 10, 2022) – LBank Exchange, a global digital asset trading platform, will list Community Token (COMT) on January 12, 2022. For all users of LBank Exchange, the COMT/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on January 12, 2022.
Figure 1: LBank Exchange Will List Community Token (COMT) on January 12, 2022
In the world of cryptocurrency, there are an abundance of projects and tokens. Most of these projects are actually driven by developers rather than community, in other words, they are pseudo-community-driven. To solve this problem, Community Metaverse is here to present a truly transparent and fully community-driven ecosystem. Its native token Community Token (COMT) will be listed on LBank Exchange at 21:00 (UTC+8) on January 12, 2022, to further expand its global reach and help it achieve its vision.
Introducing Community Metaverse
Community Metaverse is an ecosystem founded on the principle of a fully community-driven project. Its model is simple and gives its holders full authority to make decisions (through its Voting System) on: which direction to take, and which products to create. Two BEP20 tokens provide most of the power in its metaverse: Community Token (COMT) and Community Vote Power (CVP). Every time its community decides to implement a certain feature, a full explanation will be provided on Community Metaverse’s official website, including the technical aspects. The project is here to build a truly amazing and community-led metaverse.
All initial development costs for the website, token development and the initial liquidity pool will be taken from pre-sale revenue and the ICO of CVP tokens. All later development, marketing and maintenance costs will be paid for from the Development/Marketing Wallet, which will accumulate its value from a 1% tax on COMT. If the community votes that they want to develop a particular product or feature, the project management team will select suitable development companies to take the idea forwards. Once a month, all details of expenditure will be published on the Community Metaverse website.
The team behind the Community Metaverse will receive 15% of the total CVP supply: 150,000 CVP. All these tokens will be allocated to the staking contract, and only dividends will ever be used to cover the costs, rewards and needs of the team. This 150,000 CVP will never be sold to the market, and it will provide assurance for the team that they will be paid equally for their work.
About Community Token (COMT)
Community Token (COMT) serves as Community Metaverse’s main fuel, it’s the official currency for all Community Metaverse products and systems (except in the Voting System). With COMT, one can interact with all the features the community decides together to bring into its metaverse.
The total supply of COMT is 1 quadrillion (i.e. 1,000,000,000,000,000) tokens. 25% of the initial supply is added to PancakeSwap as the initial liquidity pool which is locked for 2 years, another 25% is added to PancakeSwap as the initial liquidity pool for CVP/COMT which is also locked for 2 years, and the rest 50% is locked for 12 months and then added (if needed) to the liquidity pool, or used for different project needs, or – if unused – burned. The community will vote on these options, and these tokens will never be sold to the market.
COMT collects a total of 4% taxes on each transaction, 1% of it goes into the Development/Marketing Wallet, another 1% is used as dividends for CVP holders through staking, which will be sent to staking contracts and distributed between all holders who stake CVP, the rest 2% is redistributed between holders.
The COMT token will be listed on LBank Exchange at 21:00 (UTC+8) on January 12, 2022, investors who are interested in Community Metaverse investment can easily buy and sell COMT on LBank Exchange by then. The listing of COMT on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about COMT Token:
Official Website: https://www.communitymetaverse.space/
Telegram: https://t.me/joinchat/-jicLZLxMHpmNzMy
Twitter: https://twitter.com/commetaverse
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]
PR Contact
ZEXPRWIRE
[email protected]
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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