Blockchain
Chinu (CHINU) Is Now Available for Trading on LBank Exchange
Internet City, Dubai–(Newsfile Corp. – March 17, 2022) – LBank Exchange, a global digital asset trading platform, has listed Chinu (CHINU) on March 16, 2022. For all users of LBank Exchange, the CHINU/USDT trading pair is now officially available for trading.
Figure 1: Chinu (CHINU) Is Now Available for Trading on LBank Exchange
Raised in a chilli farm, Chinu is a cute Chongqing dog who works in the fields and guards the farm alongside his best friend Shiba Inu. As a new breed of meme coin on a big mission, Chinu (CHINU) aims to bring crypto adoption to the mainstream through its NFTs, play-to-earn game, merchandise, comics, wallet, staking, and last but not least, chilli sauce. The CHINU token has been listed on LBank Exchange at 22:00 (UTC+8) on March 16, 2022, to further expand its global reach and help it achieve its vision.
Introducing Chinu
Chinu is a new breed of meme coin aiming to bring crypto adoption to the mainstream through its out of the box marketing, staking, merchandise, NFTs, decentralized exchanges and also through huge partnerships with charities and brands around the world.
Releasing some of the most amazing NFTs, Chinu allows its users to mint them on its own in-house DApp, and Chinu NFT holders will be able to buy/auction/sell their Chinu NFTs on Opensea. Limited edition digital comics of the beloved Chinu will be launched through different episodes over time and will also be available to purchase as NFTs. Additionally, there will be a merchandise store called Chinu Drip for Chinu holders to proudly support their favorite meme in the real world through clothing, accessories and more. A portion of the royalties from the NFTs and profits from Chinu Drip will be split between chosen charities and also be used to buyback and burn Chinu tokens, making it scarcer.
Chinu also provides an online play-to-earn game called Chinu Chilli Catch, where players can play as Chinu through different maps eating Chillies to earn points. Best players with most points will receive weekly rewards in Ethereum. Moreover, Chinu holders can stake their Chinu tokens to earn more with high APY on Chinu’s own staking platform. And Chinu tokens can be securely and safely stored in Chinu Wallet.
Last but not least, with Chinu being brought up on a chilli farm, the team has decided to create a chilli sauce which will be able to purchase from anywhere in the world.
About CHINU Token
Based on Ethereum Network, CHINU has a max supply of 1 billion (i.e. 1,000,000,000) tokens, 50% of it is provided for its burning mechanism, 10% is provided for liquidity pool, another 10% is provided for CEX listing, 5.63% is provided for launch airdrops, 16.87% is provided for vested private sale, 3.5% is provided for staking, 0.5% is for Vitalik, 2.5% is provided for P2E game, and the rest 1% is for Misc.
CHINU taxes a total of 9% on each transaction, 1% is provided for liquidity pool, 3% goes towards the further development of the project, another 3% will be used for marketing to boost the growth of the project, and the rest 2% will be used for buyback and burn to make the token scarcer.
CHINU has been listed on LBank Exchange at 22:00 (UTC+8) on March 16, 2022, investors who are interested in Chinu investment can easily buy and sell CHINU token on LBank Exchange right now. The listing of CHINU on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about CHINU Token:
Official Website: https://chinucoin.io
Telegram: https://t.me/chinucoin
Twitter: https://twitter.com/chinucoin
Instagram: https://instagram.com/chinucoin
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/117088
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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