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:
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l Linkedin
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
PR Contact
ZEXPRWIRE
[email protected]
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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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