Blockchain
Litedex Protocol, the First DEX in Indonesia Supported by Deputy Minister of Trade as a Meta Finance Blockchain Developer, to Be Listed on LBank
Internet City, Dubai–(Newsfile Corp. – March 21, 2022) – LBank Exchange, a global digital asset trading platform, will list Litedex (LDX) on March 23, 2022. For all users of LBank Exchange, the LDX/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on March 23, 2022.
Figure 1: Litedex Protocol, the First DEX in Indonesia Supported by Deputy Minister of Trade as a Meta Finance Blockchain Developer, to be Listed on LBank
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Decentralized Exchange (DEX) Protocol is a blockchain based financial system which designed to provide an open financial service that are transparent without intermediaries, permissions and available to everyone without centralized authority. As a decentralized exchange protocol, Litedex (LDX) aims to adopt the world’s most popular blockchains including BSC, ETH, HECO, Polygon, Tron, Polkadot and Solana, providing products and services such as Swap, Staking, Farming, Analytics, Lending, Borrowing, NFT, and Bridge. Its native token LDX will be listed on LBank Exchange at 16:00 (UTC+8) on March 23, 2022, to further expand its global reach and help it achieve its vision.
Introducing Litedex Protocol
Litedex Protocol is the first Decentralized Exchange Platform in Indonesia that carries the Meta Finance concept. Litedex Protocol with homepage https://litedex.io develops various projects that are favorites of investors, such as Staking, Farming, Swap, Pool, Lending, Borrowing, NFT Marketplace and Bridge features.
Litedex Protocol has the ambition to adopt multiple Blockchains, such as BSC, Ethereum, Solana, Avax and several other globally popular Blockchains. This strategy is very important to activate the Bridge feature as the main foundation in the Meta Finance concept.
As a Blockchain Developer, Litedex Protocol is also developing LDX Token as a cryptocurrency with promising underlying projects and a big ecosystem. To increase investor confidence, Litedex Protocol is committed to auditing all its projects at CERTIK. Several projects that have gone through the Certik audit stage with very satisfactory results are LDX Token.
Chief Executive Officer of Litedex Protocol, Andrew Suhalim, said, “The LDX Token will soon be listed on the Global Centralized Exchange at the end of the first quarter, one of them is LBank. In addition, the Staking feature will also be activated in the same quarter, before listing. This Listing stage is carried out after the LDX Token undergoes the Initial Litedex Offering (ILO) stage.”
Litedex Protocol is the first platform that was actually developed by IT engineer from Indonesia, without involving third parties from other countries. This fact has made Litedex Protocol supported by the Deputy Minister of Trade of Indonesia, Jerry Sambuaga. On several occasions, Jerry confirms his support for the Litedex Protocol which is expected to compete with other global Decentralized Exchanges. Not only that, with its projects, Litedex is expected to boost the credibility of IT engineer from Indonesia in front of global investors.
Along with the presence of technology in the Metaverse era, Litedex Protocol positions itself as ‘The Bridge of Metaverse Wealth’. With this tagline, Litedex always innovates and adapt quickly to rapid technological developments.
Andrew Suhalim added, “Litedex have two business model. B2C Model, as our goal is to build an ATM and banks in metaverse for user to be able to bridge their token from one blockchain to another blockchain in a seamless experience without existing metaverse dimension. B2B is our 2nd Business model where we would sell and affiliates our Meta Finance backbone infrastructure into their metaverse project. Therefore, their meta community are able to transact in their metaverse without putting an effort on generating liquidity on every blockchain and re-building their multi and cross bridges again.”
Litedex Goals is to create a multi and cross blockchain in our platform. Litedex have now completed our first defi blockchain in Binance Smart Chain and Litedex is currently in process of finalizing token smart contract on Ethereum Blockchain.
Andrew said, “Though we will have multiple Defi blockchain products in Litedex, it is very important for our holders to understands that, our holder is not just investing on a Decentralized exchange or a mere decentralized finance token project.”
LDX holder is indeed investing on a Meta Finance Blockchain System Integrator, as Litedex believe the moment metaverse becomes a reality, project of Litedex will help metaverse user to bridge their token in the metaverse world seamlessly.
About LDX Token
LDX token is a governance token built on the BSC blockchain network, created to build the DeFi ecosystem and deliver rights to all LDX holders to also manage the platform through voting mechanism, as well as providing additional benefits to the token holders
The initial token supply of LDX token is 500 million (i.e. 500,000,000), 18% of it is provided for private sale, 12% is provided for public sale, 10% will be used for research and development, 30% is provided for partnership and ecosystem, 24% is allocated to the foundation, 2% is provided for bug bounty program, another 2% is provided for smart contract insurance, and the rest 2% is provided for community airdrop. Additionally, LDX has a burn mechanism that keeps the token deflationary.
LDX will be listed on LBank Exchange at 16:00 (UTC+8) on March 23, 2022, investors who are interested in Litedex Protocol investment can easily buy and sell LDX on LBank Exchange by then. The listing of LDX on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about LDX Token:
Official Website: https://litedex.io
Telegram: https://t.me/litedexprotocol
Twitter: https://twitter.com/litedexprotocol
Instagram: https://instagram.com/litedexprotocol
Facebook: https://www.facebook.com/LitedexProtocol
Snapshot: https://snapshot.org/#/?q=litedex
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]
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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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