Blockchain
Bitfinex and IDEX List SX, the Polygon`s First Layer-2 Blockchain Token
Toronto, Ontario–(Newsfile Corp. – February 21, 2022) – SX Network becomes the first company to launch a stand-alone blockchain using the Polygon SDK and gets listed on Bitfinex, IDEX and other leading exchanges.
On 28th January 2022, the SX native token was listed on Bitfinex as SX/USD and SX/USDT pairs. The token got listed in IDEX`s farms on 3rd February with an x3 multiplier and 82% current APR, as well as listed as an SX/USDC trading pair. Both platform listings are following up listings on Uniswap, Apeswap, Sushiswap, and other popular exchanges.
About SX Token
The SX Token (SX) was built for the governance of the SX Network. It serves for covering transaction fees, can be staked by validators to earn fees, and can be used as both a voting and betting currency in SX governance.
About SX Network
SX Network is based on Polygon`s SDK and was built around a set of smart contracts. It governs non-custodial and peer-to-peer prediction markets. The blockchain is fully EVM compatible and users can be easily connected to other EVM-compatible blockchains like Solana, Binance Chain, Avalanche, Polkadot, and NEAR without changing their Ethereum wallet addresses, token names, block explorers, and wallets.
To view an enhanced version of this graphic, please visit:
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The SX Protocol is one of the most prominent non-custodial prediction market protocols in the world, processing more than $120,000,000 in trades since its inception. SX Protocol pioneered several new features to make this possible: peer-to-peer central limit order book liquidity, community treasury governance, and the first prediction market liquidity mining program.
SX Treasury
SX Network has its own SX Treasury fund, which is an on-chain fee pool, receiving 55% of all SX along with fees generated by the SX Protocol. The treasury is used to fund application developers that adopt the SX network, based on the governance votes, with over 20+ businesses being eligible for support at the time of writing.
SX is the first public network to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. It is also the first smart contract blockchain to implement a market-based governance system for both its treasury and network parameters.
Jake Hannah
[email protected]
For more information, please visit their website at:
https://sx.technology
Media Contact
Company Name: Cryptoken Media
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113848
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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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