Blockchain
LBank Exchange Will List Gencoin Capital (GENCAP) on January 28, 2022
Internet City, Dubai–(Newsfile Corp. – January 26, 2022) – LBank Exchange, a global digital asset trading platform, will list Gencoin Capital (GENCAP) on January 28, 2022. For all users of LBank Exchange, the GENCAP/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on January 28, 2022.
Figure 1: LBank Exchange Will List Gencoin Capital (GENCAP) on January 28, 2022
A crypto can help the community through charity activities while rewarding its holders at the same time. As a community-driven and deflationary token, Gencoin Capital (GENCAP) is here to bring generational wealth for its holders and make a difference within the community by charity donations and events. GENCAP will be listed on LBank Exchange at 18:00 (UTC+8) on January 28, 2022, to further expand its global reach and help it achieve its vision.
Introducing Gencoin Capital
Gencoin Capital is a community-driven token that aims to bring generational wealth for its holders. Powered by a unique investment treasury and a turbo-charged tokenomic system, Gencoin Capital is strategically designed to incentivize holders with token buybacks, holder giveaways and charity events.
3% tax from every buy/sell will be deposited into the Gencoin Capital treasury. These funds will be invested into other crypto currency projects. Utilizing technology unique to Gencoin, each smart contract pairing will be scanned to identify the safety of the token before investment. Profits from the fund will then be used to do token buybacks and facilitate charity donations and events.
As a deflationary token, Gencoin Capital has been designed to utilize several factors that should help maintain constant growth. Half the supply was burned before the launch, and there is a system to buyback tokens that will be burned to help stimulate price action.
In addition to achieving constant growth in value, Gencoin Capital is setting out to make a difference within the community, using charity donations and events planned throughout the growth of the project. Gencoin also has the unique vision to launch a Pay It Forward / Random Act of Kindness movement in 2022. Utilizing different social media platforms to spread the word that crypto is here to help the community.
About GENCAP Token
The total supply of GENCAP is 100 quadrillion (i.e. 100,000,000,000,000,000). It taxes a total of 13% on each transaction, 3% of it goes into treasury fund, another 3% will be used for marketing, 2% is provided for token buyback, another 2% is allocated to auto LP, 1% is provided for reflections, and the rest 2% is paid to the team.
The GENCAP token will be listed on LBank Exchange at 18:00 (UTC+8) on January 28, 2022, investors who are interested in Gencoin Capital investment can easily buy and sell GENCAP on LBank Exchange by then. The listing of GENCAP on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about GENCAP Token:
Official Website: https://gencoincapital.finance/
Telegram: https://t.me/gencoincapital
Twitter: https://twitter.com/gencoincapital
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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111726
Blockchain
P2 Ventures Commits $50M Via Hadron FC to Startup Founders in Polygon Ecosystem
Last year, P2 Ventures emerged as a distinct entity from Polygon Labs, with a focus on blockchain investments. Now, it’s earmarking funds and providing mentorship to bolster project founders, particularly those concentrated on the Polygon blockchain ecosystem. A contributor from Hadron FC remarked that the community offered the perfect blend of “capital and vibes.”
P2 Ventures, a venture capital firm with a blockchain emphasis, was established late last year as a separate entity from developer Polygon Labs. It has pledged $50 million to support startup founders, potentially igniting fresh initiatives within the Polygon ecosystem.
The investment from P2 Ventures will be channeled to founders via Hadron FC, a program tailored for founders with hubs in Dubai and New York, according to a press release. This program encompasses mentorship, legal and regulatory guidance, networking opportunities, and “comprehensive assistance in navigating the complexities of startup development and fundraising,” the release stated. Among the initial 36 projects onboarded, several participated in a week of collaborative efforts at the Dubai facility. Shreyansh Singh, head of investments at P2 Ventures, expressed confidence in Hadron Club’s unparalleled capacity to nurture the aspirations of forward-thinking founders within the Polygon ecosystem.
Ajit Tripathi, a core contributor at Hadron FC, noted that the community provided the ideal mix of “support, capital, and ambiance.”
Initially part of Polygon Labs, the principal developer of various Polygon layer-2 networks built on Ethereum, P2 Ventures transitioned into an independent unit with its own 10-person team late last year, rebranding itself as P2 Ventures.
Source: coindesk.com
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Blockchain
Blockchain sleuth uncovers identity of PrismaFi’s hacker, who stole $11m
Blockchain investigator ZachXBT uncovered the purported perpetrator behind the PrismaFi breach, which resulted in the protocol losing $11.1 million worth of cryptocurrency. Through a series of posts, ZachXBT disclosed that the individual behind the attack, identified as 0x77 (or Trung), may be connected to several other breaches.
The Prisma team initially detected a sequence of transactions on the MigrateTroveZap contract in March, ultimately resulting in a loss of 3,257 ETH (equivalent to $11.1 million at the time). Initially, the attacker communicated with the Prisma deployer, claiming the attack was a white-hat initiative. However, all funds were subsequently transferred to Tornado Cash, a sanctioned cryptocurrency mixer.
The attacker then made audacious demands, including a $3.8 million (34%) white-hat bounty, significantly higher than the industry standard of 10%, as noted by ZachXBT, who highlighted that this demand was essentially extortion, given the insufficient assets in the treasury to reimburse users.
Further investigation revealed that the attacker’s address received funds via FixedFloat and was subsequently traced to Arbitrum, a layer-2 solution on Ethereum. By analyzing timing, ZachXBT determined that the attacker’s address was linked to withdrawals on TRON, including those from the Bybit cryptocurrency exchange.
The investigation also unveiled connections to prior breaches, such as the Arcade_xyz breach from March 2023 and the Pine Protocol breach from February of the current year. The attacker, utilizing the alias 0x77 on Telegram, remained active and had ties to the deployer of @modulusprotocol, further solidifying the connection between each incident.
Furthermore, the investigator disclosed conducting an analysis of the attacker’s personal information, including phone numbers and emails, which indicated a proficient technical background. All collected personal data has been forwarded to the Prisma team, who are pursuing legal action against the hacker in Vietnam and Australia, ZachXBT added.
Source: crypto.news
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Blockchain
Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai
During a discussion among industry leaders at the Blockchain Life conference in Dubai, Bybit CEO Ben Zhou emphasized the preparedness and sophistication of contemporary cryptocurrency exchanges (CEXs). Zhou, who co-founded Bybit in 2018, now stands at the helm of one of the world’s top three exchanges by trading volume.
At the event, Zhou shed light on various facets that underscore the current era of crypto maturity. “From Bybit’s standpoint, this ongoing bull market has been primarily propelled by institutional involvement… Our collaboration with third-party custodians like Copper and Fireblocks led to a 186% increase in institutional capital flows last year,” Zhou noted. He highlighted the pivotal role of enhanced infrastructure and the approval of Bitcoin spot ETFs in facilitating institutional participation in the crypto market.
Zhou has overseen meticulous upgrades to Bybit since the previous crypto bull run in 2021, enabling institutional investors to deploy larger capital pools. “Bybit boasts a highly versatile trading system that accommodates trading of any token against any other,” Zhou remarked during his live address on the main stage. “This affords our institutional clients a plethora of tools, enabling them to engage in spread trades, arbitrage funding rates, and various sophisticated trading strategies. This capability has facilitated the influx of new capital into the crypto space.”
Furthermore, Zhou highlighted the evolution of service reliability amidst market volatility. “Our risk management and system resilience have undergone continuous enhancements,” he affirmed. “Even during turbulent market conditions, Bybit maintains its stability.” This stability serves as a testament to the advanced infrastructure supporting both institutional investors and the exchange’s 25 million retail users.
Zhou also emphasized Bybit’s efforts to empower retail clients with access to products that simplify sophisticated trading strategies. “We offer a unique product known as perpetual protect, which utilizes options contracts to safeguard perpetual positions from losses,” Zhou explained. “Additionally, our advanced Unified Trading Account (UTA) design provides traders with a competitive edge in the market.” These initiatives aim to demystify derivatives and options, making complex financial instruments more accessible and comprehensible to a broader audience.
As the crypto market continues to mature, Bybit remains at the forefront, spearheading innovations that align with evolving market trends and regulatory standards. This proactive stance not only signifies a significant milestone for Bybit but also underscores the overall advancement of the crypto exchange industry.
Source: prnewswire.com
The post Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai appeared first on HIPTHER Alerts.
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