Blockchain
LBank Exchange Will List Annex Finance (ANN) on January 14, 2022
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.
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.
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.
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.
Start Trading Now: lbank.info
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Contact Details:
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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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