Blockchain
LBank Exchange Will List Erugo World Coin (EWC) on March 29, 2022
Internet City, Dubai–(Newsfile Corp. – March 25, 2022) – LBank Exchange, a global digital asset trading platform, will list Erugo World Coin (EWC) on March 29, 2022. For all users of LBank Exchange, the EWC/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on March 29, 2022.
Figure 1: LBank Exchange Will List Erugo World Coin (EWC) on March 29, 2022
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Metaverse can build a strong link between the virtual world and reality, and Erugo World Coin (EWC) is here to be the strong crypto asset that connects Metaverse with reality. Providing valuable services to its users, Erugo World pursues a Metaverse that creates a low barrier to entry so that anyone can easily participate, and an economic ecosystem operated and developed on its own. EWC token will be listed on LBank Exchange at 18:00 (UTC+8) on March 29, 2022, to further expand its global reach and help it achieve its vision.
Introducing Erugo World
To overcome the limitation of previous mass-type Metaverse platforms that only focus on the value of digital assets and transaction volumes, Erugo World aims to be the sustainable Metaverse platform which connects with reality by providing valuable services to its investors.
In general, Metaverse and NFT-related platform games adopt a method that enables actual start only when users purchase essential items with virtual assets in the marketplace in the first game. However, Erugo World makes it possible to secure coins for living in virtual reality through the quest given within Metaverse, which creates a low barrier to entry so that anyone can easily participate.
Erugo World aims to construct its own economic ecosystem, allowing users to conduct economic activities like the real world. For example, users can hire other users for construction and pay salaries, secure coins by providing labor, and provide intelligent services to design other users’ houses. Rather than just playing for no purpose, people can “live” in Erugo World with a job just like in reality. Focusing on the connection with reality, not just simply watching a performance or decorating an avatar, Erugo World increases the immersion in the life of Metaverse by linking with various offline businesses. For example, if users refuel a vehicle in Metaverse to increase their ability, users can receive a refueling voucher through SNS in real life, or if users buy and drink soda in real life, their avatars in Metaverse can also drink the same soda.
Various companies’ showrooms, billboards, experience halls, and shops can be entered in the map of Erugo World, which is made similar to the earth of the real world. The entering companies pay the entrance fee and advertising cost with coins, and the coins secured in this way are accumulated and paid to users as a reward for quests or used for the development of the ecosystem.
The Erugo team attempts to achieve innovation through the linkage between Metaverse and reality by implementing these features through blockchain technology. So far, the team has been preparing for a gas station business, internet shopping mall, new concept laundry app business, and construction business to link with Erugo World. The Erugo World Ecosystem Model will enable companies and users joining the Erugo World to enjoy life in the strongly integrated virtual world and real world, and the team will continue to build the Erugo World ecosystem to establish itself as a blockchain project that encompasses the world.
About EWC Token
Erugo World Coin (EWC) is the digital asset which can be transacted to invest in real estate, products, services, and items in the Metaverse. Tokens acquired by various works and efforts in Metaverse can be exchanged and deposited into EWC anytime, and are possible to be turned into cash. Additionally, the entry cost, advertising cost and sales incentives compensated by the businesses in Erugo World are transacted and operated in Rugo, the token issued and distributed by Erugo World based on EWC, and will be the source to power the ecosystem of Erugo World.
Staking is supported for EWC investors for the purpose of sustaining the stable development of the EWC ecosystem.
EWC will be listed on LBank Exchange at 18:00 (UTC+8) on March 29, 2022, investors who are interested in Erugo World investment can easily buy and sell EWC on LBank Exchange by then. The listing of EWC on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about EWC Token:
Official Website: https://www.erugocoin.com/
Telegram: https://t.me/erugo
Twitter: https://twitter.com/ErugoWorldCoin
YouTube: https://www.youtube.com/channel/UCj-Hyp1afwEgmSJ6gTYx4wA
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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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/118123
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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