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LBank Exchange Will List Annex Finance (ANN) on January 14, 2022

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Internet City, Dubai–(Newsfile Corp. – January 10, 2022) – LBank Exchange, a global digital asset trading platform, will list Annex Finance (ANN) on January 14, 2022. For all users of LBank Exchange, the ANN/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on January 14, 2022.

Figure 1: LBank Exchange Will List Annex Finance (ANN) on January 14, 2022

DeFi has been making a great impact on the global finance system since its emergence, but the massive diversity of it can be extremely daunting for new users. To build a new-user friendly and secure DeFi space, and to solve the credit related problems in traditional financial lending systems, Annex Finance (ANN), a one-stop shop DeFi platform for multichain network, adapts the DeFi model to support liquidity provided by users, and utilizes digital assets and cryptocurrencies to be pledged and used as collateral while earning interest. Its native token ANN will be listed on LBank Exchange at 20:00 (UTC+8) on January 14, 2022, to further expand its global reach and help it achieve its vision.

Introducing Annex Finance

Annex Finance provides a decentralized marketplace for lenders and borrowers with borderless stablecoins, bridging the traditional lending platform for multichain network that brings crypto network closer to each other. Its decentralized trading protocol is built on BSC and Cronos network for fast, secure and low cost transactions, and all Annex Protocol assets are bound by the BEP-20 standard, ensuring that users can access an immutable money market protocol directly on-chain.

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Although Annex Finance is not the first decentralized financial platform that is attempting to bridge the traditional lending platform with blockchains, it benefits from lessons learned through these earlier projects providing a greatly improved platform. Annex Finance will be the first to provide a DEX swap allowing users to create LP and liquidity itself to mint high APY returns and increase ANN price/volume while allowing users to borrow and supply assets through smart contracts.

Users can tokenize their assets utilizing BSC and Cronos network, and receive portable ATokens (the protocol-created pegged assets when collateral is supplied) that they can freely move around to cold storage, transfer to other users, and more. AToken collateral can be used to borrow from the Annex Protocol instantly with no trading fees, no slippage and directly on-chain. With Annex, users have on-demand liquidity available globally.

On top of lending/borrowing, there are also decentralized auction and NFT marketplace provided by Annex, making it a one-stop shop DeFi platform for multichain network.

Annex Auction is a suite of open-source smart contracts created to ease the process of launching a new project on the AnnexSwap exchange. Annex Auction aims to drive new capital and trade to the exchange by increasing the attractiveness of AnnexSwap as a place for token creators and communities to launch new project tokens. The key benefit of Annex Auction is that it provides Initial Liquidity Providers for new listing tokens with low prices and keeps the auction token price higher than the listing price. It supports several types of auctions based on auctioneer requirements to incentivize more new tokens listings, and ANN is used as its auction payment currency.

Annex NFT marketplace offers a wide range of non-fungible tokens, including art, censorship-resistant domain names, virtual worlds, trading cards, sports, and collectibles. ANN is the main NFT currency in the Annex NFT marketplace for creators and buyers to purchase items. Creators can set fixed prices with ANN units and buyers can make offers or place bids with ANN.

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About ANN Token

ANN is Annex Finance’s governance token based on BSC and Cronos network, it will also be an auction currency to create an auction pool and pay auction fees, and Annex NFT marketplace uses ANN/BNB as NFT currency to purchase and bid NFT collectibles. Both the Lenders and Borrowers will be rewarded with the ANN tokens for using Lending Protocol and to Liquidity providers for supplying liquidity to DEX Swap.

ANN holding rewards system is designed to provide rewards to ANN holders automatically in the ANN contract itself. Annex Finance designed ANN token contract for ANN long term holders to be provided eligible rewards based on holding amount. If ANN holders will hold ANN for more than 30 epochs, the users will be in the eligible list automatically and the user’s reward will increase APR 0.2% every epoch from 30 epochs.

The total supply of ANN is 1 billion (i.e. 1,000,000,000), 5% of it is provided for prior liquidity price speculation auction and side liquidity, 3% is for governance supply, 12% is allocated to the team and development treasury, 5% is provided for ETH holding reward pool, another 5% is provided for BSC holding reward pool, 35% is for LP pool mining, and the rest 35% is for governance mining.

The ANN token will be listed on LBank Exchange at 20:00 (UTC+8) on January 14, 2022, investors who are interested in Annex Finance investment can easily buy and sell ANN on LBank Exchange by then. The listing of ANN on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

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Learn More about ANN Token:

Official Website: https://www.annex.finance/
Telegram: https://t.me/Annex_finance_group
Twitter: https://twitter.com/AnnexFinance

Listing Announcement on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/4413962315033-ANN-will-be-listed-soon-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 from now more than 210 regions around the world.

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Start Trading Now: lbank.info

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Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]

PR Contact
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[email protected]

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109535

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Blocks & Headlines: Today in Blockchain – January 30, 2025 (Qubetica, BTQ, Binance, EVIANCX)

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The world of blockchain and cryptocurrency continues to evolve, with new projects, technological breakthroughs, and strategic investments shaping the landscape. As 2025 unfolds, the blockchain industry is being propelled forward by innovation, partnerships, and a deeper exploration of blockchain’s potential across diverse sectors. In this edition of Blocks & Headlines: Today in Blockchain, we take a closer look at the latest developments in the blockchain space, from new projects to quantum alternatives and the return of a major crypto figure.

1. Layer Qubetica: Blockchain Solutions for Real-World Use Cases

Source: The Independent

Qubetica, a new blockchain project, is making waves by developing solutions that aim to bridge the gap between blockchain technology and real-world applications. This platform is designed to provide secure and scalable blockchain solutions for businesses looking to enhance their operations with decentralized technology.

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The core focus of Qubetica’s blockchain solutions lies in improving supply chain transparency, reducing fraud, and increasing efficiency across industries. One of the standout features of the platform is its ability to integrate seamlessly with existing systems, offering a straightforward approach for businesses to adopt blockchain without disrupting their current operations.

Blockchain technology has often been criticized for its complexity and steep learning curve, especially for companies that are new to the space. However, Qubetica’s user-friendly approach could help demystify blockchain for businesses across various sectors, including logistics, finance, and healthcare. This is a major shift in the blockchain industry, as more companies begin to see the potential of this technology beyond just cryptocurrency and DeFi projects.

The introduction of such accessible blockchain solutions is a significant milestone for the industry, as it demonstrates blockchain’s versatility and potential to revolutionize industries far beyond crypto.

2. BTQ Proposes Quantum Alternative to Crypto’s Proof of Work

Source: CoinDesk

As the cryptocurrency space continues to evolve, so does the need for more energy-efficient consensus mechanisms. Enter BTQ, a company proposing a quantum computing-based alternative to the widely used proof-of-work (PoW) consensus mechanism that underpins many cryptocurrencies like Bitcoin.

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BTQ’s proposal aims to address one of the biggest criticisms of PoW: its environmental impact. While PoW requires vast amounts of computational power and energy to validate transactions and secure the network, BTQ believes quantum computing offers a far more efficient solution. Quantum computing, which leverages the principles of quantum mechanics, has the potential to solve complex problems much faster than traditional computers, making it an ideal candidate for powering blockchain networks without the energy-intensive demands of PoW.

This proposal could have far-reaching implications for the future of cryptocurrencies and blockchain technology. If successful, it could not only make cryptocurrencies more sustainable but also introduce a new paradigm for securing blockchain networks. Quantum computing is still in its early stages, but if BTQ’s proposal gains traction, it could signal the beginning of a new era in blockchain development.

3. Binance’s CZ Returns to Crypto with $16M Investment in Sign

Source: CoinDesk

Changpeng Zhao, better known as CZ, the CEO of Binance, has made a return to the crypto space with a $16 million investment into Sign, a blockchain-based messaging platform. This move comes after a period of relative silence from CZ, following the turbulence Binance faced in 2024 with regulatory scrutiny and market fluctuations.

Sign, which is designed to offer a decentralized alternative to traditional messaging platforms, promises enhanced privacy and security by leveraging blockchain technology. The platform is set to allow users to send encrypted messages without relying on centralized servers, giving them greater control over their data.

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CZ’s investment is seen as a strong endorsement of Sign’s potential, signaling that Binance’s leadership remains confident in the future of blockchain beyond cryptocurrency trading. This move also highlights the growing interest in Web3 technologies, which aim to decentralize the internet and give users more control over their digital interactions. With CZ’s backing, Sign is poised to gain traction in the growing Web3 ecosystem.

As more blockchain applications extend beyond finance, CZ’s investment is an indication of the expanding use cases for blockchain technology, especially in areas like communication and data privacy. It also suggests that Binance, despite its recent challenges, is still positioning itself at the forefront of the broader blockchain revolution.

4. Nine Surprising Ways Blockchain Technology is Making a Difference

Source: GeekSide

Blockchain technology’s potential extends far beyond cryptocurrencies like Bitcoin and Ethereum. In a recent article by GeekSide, nine unexpected ways that blockchain is being used to solve real-world problems were explored, including in sectors like healthcare, education, and entertainment.

One of the most surprising applications is in healthcare, where blockchain is being used to track the provenance of medical supplies and pharmaceuticals. By ensuring that drugs and equipment are sourced from legitimate suppliers and are handled according to strict regulations, blockchain can help combat counterfeit drugs and improve patient safety.

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In education, blockchain is being used to issue verifiable certificates and diplomas. This not only makes it easier for employers to verify candidates’ credentials but also ensures that students’ achievements are securely stored and cannot be tampered with.

The entertainment industry is also embracing blockchain for creating decentralized platforms that allow content creators to retain more control over their work and receive direct compensation for their efforts. This is a stark contrast to traditional models, where middlemen often take a significant portion of the revenue.

These applications demonstrate that blockchain’s potential is far-reaching and that the technology is being adopted across industries in ways that were once considered improbable. As more organizations realize the benefits of decentralization, blockchain will likely become a core component of many sectors.

5. EVIANCX: Enhancing Cryptocurrency and Blockchain Usage in Latin America

Source: GlobeNewswire

EVIANCX, a blockchain platform focused on enhancing the cryptocurrency ecosystem in Latin America, has made significant strides in improving access to decentralized finance (DeFi) and blockchain-based services in the region. The company’s efforts aim to address the challenges faced by Latin American countries, where economic instability, inflation, and lack of access to traditional banking services have led to the rapid adoption of cryptocurrencies.

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EVIANCX is working to create a more inclusive financial system by enabling people to use cryptocurrency for everyday transactions, including remittances, payments, and savings. The platform’s innovative features also focus on providing educational resources to help users better understand blockchain and cryptocurrency, thereby empowering them to take control of their financial futures.

The growth of blockchain technology in Latin America is part of a broader global trend toward decentralized finance and digital currencies. As traditional financial institutions struggle to keep up with the demand for more inclusive and accessible financial services, blockchain-based platforms like EVIANCX are filling the gap, offering a glimpse into the future of global finance.

This is a significant development for the crypto space, as it demonstrates how blockchain can be used to empower underserved populations and create more equitable financial systems. The rise of blockchain in Latin America will likely have a lasting impact on the global adoption of cryptocurrency and DeFi technologies.

Conclusion: Blockchain’s Expanding Reach

The latest developments in blockchain and cryptocurrency show just how far the technology has come since its inception. From improving supply chain transparency and enhancing messaging security to exploring quantum alternatives to proof of work, blockchain is proving its potential to revolutionize industries across the globe. As the technology matures, we can expect to see even more innovative use cases that extend well beyond the world of digital currencies.

With companies like Qubetica and EVIANCX pushing blockchain into real-world applications and industry leaders like CZ continuing to invest in the space, the blockchain and cryptocurrency ecosystems are set to continue their rapid evolution. As blockchain technology finds its footing in sectors like healthcare, education, and communications, its long-term impact could be nothing short of transformative. The future of blockchain is bright, and its possibilities are just beginning to unfold.

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Micro, Small and Medium Enterprise (MSME) Financing Global Strategic Business Report 2025: Shift Towards Sustainable and Green Financing Solutions Expands Market Potential – Global Forecasts to 2030

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Micro, Small and Medium Enterprise (MSME) Financing Market

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Blocks & Headlines: Today in Blockchain – January 28, 2025 (EVIANCX, Abstract, Venice, KPMG, Hashgraph Group)

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Blockchain technology and cryptocurrency continue to redefine industries worldwide, driving innovation and creating new opportunities. In today’s edition of “Blocks & Headlines,” we explore major developments across the blockchain space, highlighting new projects, partnerships, and emerging trends.


Blockchain as a Catalyst for Innovation

The blockchain industry’s transformative potential was the focus of a recent report detailing how decentralized technologies are driving innovation in finance, healthcare, and supply chain management. Blockchain’s transparency and immutability are key factors enabling its adoption across diverse sectors.

In particular, the report noted the technology’s ability to enhance trust and efficiency in processes, reducing costs while improving security.

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Analysis: Blockchain’s role as a catalyst for innovation is becoming more evident as industries beyond finance embrace its capabilities. The growing interest underscores the need for continued research and development to unlock its full potential.

Source: Cape Gazette


EVIANCX Enhances Cryptocurrency Usage in Latin America

EVIANCX, a leading blockchain platform, has announced new initiatives aimed at increasing cryptocurrency adoption in Latin America. The company is rolling out solutions to address challenges such as accessibility and education, targeting both businesses and individual users.

By simplifying blockchain technology and expanding infrastructure, EVIANCX seeks to empower communities and drive financial inclusion across the region.

Analysis: Latin America’s growing interest in cryptocurrency is fueled by its potential to address issues such as inflation and limited access to traditional banking services. EVIANCX’s initiatives could significantly enhance the region’s blockchain ecosystem.

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Source: GlobeNewswire


Abstract: A Consumer Blockchain for the Masses

The launch of Abstract, a highly anticipated consumer-focused blockchain, marks a significant step toward making cryptocurrency more accessible. Abstract aims to simplify blockchain use cases, offering tools and applications designed for everyday users.

By prioritizing user experience and scalability, Abstract is positioning itself as a gateway for mainstream adoption of blockchain technology.

Analysis: Abstract’s approach to consumer-centric blockchain solutions highlights the industry’s shift toward usability and mass appeal. Simplifying complex systems is crucial for bridging the gap between blockchain enthusiasts and the general public.

Source: PR Newswire

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Venice Launches VVV Token to Bridge Blockchain and AI

Venice, a pioneering blockchain project, has unveiled the VVV Token, designed to integrate blockchain with artificial intelligence. The token facilitates data exchange between AI systems and decentralized networks, promising advancements in predictive analytics, automation, and decision-making.

The initiative also includes partnerships with tech companies focused on AI and machine learning, ensuring robust support for the token’s ecosystem.

Analysis: Venice’s innovative fusion of blockchain and AI represents a significant trend in tech convergence. By combining these technologies, the project aims to unlock new possibilities for intelligent, decentralized systems.

Source: CoinSpeaker


KPMG India Partners with Hashgraph Group to Drive Blockchain Adoption

KPMG in India has teamed up with the Hashgraph Group to promote enterprise adoption of Hedera’s distributed ledger technology (DLT). The partnership will focus on delivering blockchain solutions tailored to industries such as finance, healthcare, and supply chain management.

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This collaboration aims to leverage Hedera’s high-performance DLT to address scalability and efficiency challenges faced by enterprises.

Analysis: Partnerships like this highlight the growing interest in enterprise-grade blockchain solutions. By collaborating with established firms, blockchain projects can accelerate adoption and address real-world business needs.

Source: PR Newswire


Key Trends and Insights

  1. Consumer-Centric Blockchain: The launch of Abstract underscores the importance of user-friendly solutions in driving mainstream adoption of blockchain technology.
  2. Blockchain-AI Convergence: Projects like Venice’s VVV Token highlight the potential of integrating blockchain with artificial intelligence to create smarter, more efficient systems.
  3. Regional Focus: EVIANCX’s initiatives in Latin America demonstrate the growing importance of localized blockchain solutions that address specific regional challenges.
  4. Enterprise Collaboration: Partnerships such as KPMG India’s collaboration with Hashgraph Group emphasize the role of established enterprises in accelerating blockchain adoption.
  5. Broader Adoption: Blockchain’s application across industries continues to expand, showcasing its versatility and potential to drive innovation beyond cryptocurrency.

The post Blocks & Headlines: Today in Blockchain – January 28, 2025 (EVIANCX, Abstract, Venice, KPMG, Hashgraph Group) appeared first on News, Events, Advertising Options.

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