Blockchain
LBank Exchange Will List Super Whale DAO (SWDAO) on February 24, 2022
Internet City, Dubai–(Newsfile Corp. – February 24, 2022) – LBank Exchange, a global digital asset trading platform, will list Super Whale DAO (SWDAO) on February 24, 2022. For all users of LBank Exchange, the SWDAO/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on February 24, 2022.
Figure 1: LBank Exchange Will List Super Whale DAO (SWDAO) on February 24, 2022
A story is usually told by the writer, but with the power of blockchain, now it’s possible for a story to be told by a community. As the world first community-driven/blockchain superhero metaverse, Super Whale created an IP that is truly owned by community, letting the community dictate its comic and decide on what action the main character takes in a given scenario. Its native token Super Whale DAO (SWDAO) will be listed on LBank Exchange at 21:00 (UTC+8) on February 24, 2022, to further expand its global reach and help it achieve its vision.
Introducing Super Whale
Super Whale is an IP universe where Super Whale acts as a hero who fights back against corruption and volatility, a steadfast guardian, a sentinel of stability, a cryptic protector some say wears the mantle of a marine mammal, and an effigy once used for greed, reclaimed for good.
The DAO is a core addition to the Super Whale strategy. In every sense, this project is a community-based project that is driven by the people, for the people. It created the world’s first community-driven blockchain storytelling universe and community owned IP, meaning that the next issue of the comic will be dictated by the community. In other words, the community will decide on what action Super Whale takes in a given scenario. Its Hollywood writers will pose three possible scenarios and the DAO will decide based on the weight of their votes.
In addition to storytelling, a portion of taxes will be directed into the DAO. The community will decide the allocation of that capital. Ideas will range from buybacks, to investing in likeminded projects, to unique PR/marketing ideas. Regardless, the community will decide what’s best to generate the greatest ROI. And there will be times where key strategic decisions will need to be made. The DAO will be an integral part of that shift.
Last but not least, Super Whale also plans to create a series of mini Play-to-Earn “Degen Games” based on DeFi Island, where people could place bet and play games like rock-paper-scissors, heads-or-tails, and guess the card.
The community of Super Whale is inclusive for all of those who want to make a difference in the crypto ecosystem, and those who are passionate about the building bridge between new DeFi technology and utility in the form of superhero IP. Working together with the community, Super Whale’s networks will be extended beyond the crypto metaverse.
About SWDAO Token
SWDAO is the native token of the Super Whale ecosystem. Investors can stake SWDAO tokens to earn more. With SWDAO token, one can participate in the Super Whale storytelling universe, manage and grow shared resources, and guide strategic decisions. Owning SWDAO means subscribing into the vision that Super Whale will become a household name, and purchasing SWDAO means pre-purchasing the utilities outlined in its roadmap, such as paying for comic books, merch, graphics, NFTs, animated series, mobile games, publicity stunts and more.
The total supply of SWDAO is 100 million (i.e. 100,000,000). It will be listed on LBank Exchange at 21:00 (UTC+8) on February 24, 2022, investors who are interested in Super Whale investment can easily buy and sell SWDAO on LBank Exchange by then. The listing of SWDAO on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about SWDAO Token:
Official Website: https://www.superwhale.com
Telegram: https://t.me/SuperWhalePortal
Discord: https://discord.com/invite/superwhale
Twitter: https://twitter.com/SuperWhaleDAO
Comic: https://www.superwhale.com/comic/
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:
ZEXPRWIRE
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114736
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Blockchain
ASIC cracks down on blockchain mining firms
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
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