Blockchain
LBank Exchange Will List Ethereum Signature (ETS1) on April 7, 2022
Internet City, Dubai–(Newsfile Corp. – April 6, 2022) – LBank Exchange, a global digital asset trading platform, will list Ethereum Signature (ETS1) on April 7, 2022. For all users of LBank Exchange, the ETS1/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on April 7, 2022.
Figure 1: LBank Exchange Will List Ethereum Signature (ETS1) on April 7, 2022
Electronic contract has been gaining popularity rapidly since it can be easily signed anytime, anywhere with just a few clicks compared to traditional contract on paper. To take electronic contract to the next level, Ethereum Signature (ETS1) was created as a blockchain-based electronic contract platform that provides transparency, efficiency, accessibility, and scalability. Its native ETS1 token will be listed on LBank Exchange at 16:00 (UTC+8) on April 7, 2022, to further expand its global reach and help it achieve its vision.
Introducing Ethereum Signature
Ethereum Signature is a blockchain-based global electronic payment platform that aims to replace traditional paper contracts made around the world. For achieving its goal, it plans to secure technical infrastructure and electronic contracting processes to support each country’s language and meet the legal effectiveness appropriate for that country. Provided on the Web and in APP format, it allows users to sign payments anytime, anywhere with an Internet connection.
With Ethereum Signature, contractors can easily request contract progress by uploading contract documents and delivering links to counterpart contractors, and contractors can also complete contracts through computers or smartphones, eliminating the hassle of existing paper contracts. All contracts are digitized and stored in blockchain, enabling secure and efficient contract document management, providing high scalability and general-purpose connectivity with other services. Additionally, rewards can also be offered to the users while participating in the contract.
The services provided by Ethereum Signature include various monetary contracts between debtors and creditors, such as notarization of IOUs; human resource document contracts such as employment contracts, payroll contracts, benefits, and educational documents in the enterprise; licenses for intellectual property such as patents, copyrights, software and trademarks; commercial contracts between entities such as non-disclosure contracts, invoices, purchase orders, sales contracts and service contracts; consumer contracts such as purchase orders, order confirmation, terms of sale, etc.; and real estate contracts for residential and commercial building sales, lease, and monthly rent.
With all these services and features, Ethereum Signature will continue to act as a practical DApp and innovative electronic contract platform based on verification and compensation for electronic contracts and signatures.
About ETS1 Token
The ETS1 token issued by Ethereum Signature is used as a key payment method within its own ecosystem, and acts as a medium between contractors and law firms.
Based on ERC-20, ETS1 has a total supply of 1 billion (1,000,000,000) tokens, of which 30% is provided for the ecosystem, 20% will be used for development, 15% will be used for marketing, 10% is allocated to the team and founders, another 10% is provided for token sales, 5% is allocated to the advisors, and the rest 10% is reserved.
ETS1 will be listed on LBank Exchange at 16:00 (UTC+8) on April 7, 2022, investors who are interested in Ethereum Signature investment can easily buy and sell ETS1 token on LBank Exchange by then. The listing of ETS1 on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about ETS1 Token:
Official Website: https://ethersig.io/EN_home
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
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Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
PR Contact:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119475
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
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.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
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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