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LBank Exchange Will List Chainflix (CFXT) on February 16, 2022

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Internet City, Dubai–(Newsfile Corp. – February 14, 2022) – LBank Exchange, a global digital asset trading platform, will list Chainflix (CFXT) on February 16, 2022. For all users of LBank Exchange, the CFXT/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on February 16, 2022.

Figure 1: LBank Exchange Will List Chainflix (CFXT) on February 16, 2022

Everyone watches videos, leaves comments and posts on various platforms nowadays, but the platform and content providers are the only ones benefiting monetarily from the data, traffic and advertising generated by the users. To address this issue, Chainflix (CFXT) is building a real user-centered video platform to create a fairer environment for platform providers, content creators, and viewers. Its native CFXT token will be listed on LBank Exchange at 16:00 (UTC+8) on February 16, 2022, to further expand its global reach and help it achieve its vision.

Introducing Chainflix

Chainflix is a real user-centered video platform that all participants build together. Not only content creators upload videos but viewers and storage providers can and do as well. And participating users are incentivized according to their contribution.

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With Chainflix, viewers can watch videos and communicate through comments and share while mining coins. When users are watching videos on the platform, without special plug-ins or hardware needed, coins are mined, a portion of which is rewarded to users. Moreover, users can get additional incentives when they watch advertisements.

Content creators can upload videos to Chainflix and receive rewards just by having viewers watch the videos and of course, they can receive additional profit from advertising. Rewards generated by video views will be deposited to their wallets the next day, and content providers can check their earnings in real-time.

The key innovation of Chainflix platform is the AI-based distributed storage system. Instead of relying on a centralized CDN (Content Delivery Network), Chainflix allows for any individual to contribute their storage to a distributed storage pool. The AI controller will automatically distribute the files to the different storages of the storage pool depending on the file size and traffic of the video. The storage provider will receive coin rewards when the videos stored in their storage are streamed to the viewers.

Owning the South Korean patented blockchain technology, Chainflix currently has 3,520 distributed storages from more than 10 different countries and users from 157 countries. The incentives users will get are Chainflix coins (CFX), which are mined when a video is watched and are then paid to users.

About CFXT Token

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The CFXT is an KCT token obtained by converting Chainflix coin (CFX), it can be transferred to the exchange market and cashed through transactions. Users can also later use CFXT coins to donate to the other users, purchase items, and participate in decentralized governance.

To earn CFX coins, users can just watch videos and ads, coins are mined during that process and then a portion of the mined coins are distributed to the viewers. Uploading videos as a content creator can also earn CFX rewards when their videos are watched, as well as providing storage space.

For cashing-out, users can simply convert those acquired CFX coins to CFXT tokens, then withdraw CFXT tokens to an exchange market that has listed it, and trade them. The CFXT token will be listed on LBank Exchange at 16:00 (UTC+8) on February 16, 2022, investors who are interested in Chainflix investment can easily buy and sell CFXT on LBank Exchange by then. The listing of CFXT on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

Learn More about CFXT Token:

Official Website: https://www.chainflix.net

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Telegram: https://t.me/chainflix

Twitter: https://twitter.com/chainflix

Facebook: https://www.facebook.com/chainflixnet

Instagram: https://www.instagram.com/chainflix/

Listing Announcement on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/4417450677913-CFXT-Chainflix-will-be-listed-on-LBank

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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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Contact Details:

LBK Blockchain Co. Limited
LBank Exchange
[email protected]

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PR Contact:

ZEXPRWIRE
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113710

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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

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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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.

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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.

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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

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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:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. 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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