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LBank Exchange Will List EXA TOKEN (EXA) on April 19, 2022

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Internet City, Dubai–(Newsfile Corp. – April 18, 2022) – LBank Exchange, a global digital asset trading platform, will list EXA TOKEN (EXA) on April 19, 2022. For all users of LBank Exchange, the EXA/USDT trading pair will be officially available for trading at 14:00 (UTC+8) on April 19, 2022.

Figure 1: LBank Exchange Will List EXA TOKEN (EXA) on April 19, 2022

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8378/120715_d44e5e4804eef8f6_002full.jpg

As a city model that solves all sorts of urban issues by grafting new technology, smart city is rapidly expanding throughout the world in recent years. To build a new standard for smart cities with blockchain, EXA CONNECTED platform develops a technology-based service content necessary for the future city by connecting advanced technology such as smart building, AI robot, auto-driving mobility, drone, etc. Its native token EXA will be listed on LBank Exchange at 14:00 (UTC+8) on April 19, 2022, to further expand its global reach and help it achieve its vision.

Introducing EXA CONNECTED

EXA CONNECTED is a platform which EXA ROBOTICS has established by combining the Klaytn blockchain technology on the existing service focusing on the auto-driving AI robot ‘KORI’ developed by EXA ROBOTICS. It develops service content based on technology necessary in the future city by connecting advanced technology such as smart city, smart building, AI robot, auto-driving mobility etc. to provide and service content that maximizes the features of the city.

EXA CONNECTED platform is formed with a Wallpad loaded with the EXA connector (APP) with the artificial Internet of Things (AIoT) system and EXA SPACE, a service where remote controlling is possible from indoor; EXA ROBOTICS, a service provided using auto-driving AI robot ‘KORI’ as line-up; EXA COMMERCE, an e-commerce service provided through the integrated payment system EXA PAY from future smart city with AIoT fused; and EXA DAO, a DeFi service.

In addition to these services, EXA CONNECTED platform has established a reward system to activate the platform by increasing the motivation of the users to participate and to trigger interest. Mileage regarding the activity within the platform such as consumption activity of the user within the platform, evaluation regarding the product and service etc. is paid in rewards. The mileage received as reward can be used as payment method when purchasing the product from the platform or for using the service. The used mileage is partially paid back for the paid amount according to the reward policy or is cashed-back through mileage allowing the mileage to circulate from the platform.

About EXA Token

EXA CONNECTED is an ecosystem established using EXA token as a medium issued based in the token standard KIP-7 from the Klaytn network. EXA Token can be used as payment method when purchasing a specific product or using the service within the platform, it can be converted to cash for withdrawal or be used as investment asset through exchange market by exchanging it to other virtual asset through the wallet service of the Klaytn network.

The EXA is a method of maintaining and sustaining the platform ecosystem by becoming a medium which connects the content and asset, user and content, user and user, furthermore company (EXA ROBOTICS) with user where the platform becomes a method maintaining and sustaining the platform ecosystem forming the virtuous structure.

The total supply of EXA is 1 billion (i.e. 1,000,000,000) tokens, of which 30% is provided for token swap, another 30% is provided for building the ecosystem, 20% is provided for development, 10% is allocated to the initial members, 5% is provided for marketing and airdrops, and the rest 5% is allocated to advisors and partners.

EXA token will be listed on LBank Exchange at 14:00 (UTC+8) on April 19, 2022. Investors who are interested in EXA CONNECTED investment can easily buy and sell EXA token on LBank Exchange by then. The listing of EXA on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

Learn More about EXA Token:

Official Website: http://exadao.net
Telegram: https://t.me/EXADAO
Twitter: https://twitter.com/EXA_CONNECTED
Medium: https://medium.com/@exaconnected

Listing Announcement on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/5766534290585-EXA-EXA-TOKEN-will-be-listed-on-LBank

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/120715

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

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Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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