Blockchain
LBank Exchange Will List LeisureMeta (LM) on May 25, 2022
Internet City, Dubai–(Newsfile Corp. – May 24, 2022) – LBank Exchange, a global digital asset trading platform, will list LeisureMeta (LM) on May 25, 2022. For all users of LBank Exchange, the LM/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on May 25, 2022.
Figure 1: LBank Exchange Will List LeisureMeta (LM) on May 25, 2022
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8378/125076_aa7980118452fa1a_002full.jpg
To build a metaverse where digital assets are in the form of NFT, a blockchain platform called LeisureMetaverse is created for recording and governing the NFT minting and trading, and DAO activities, while building DApp services such as playNomm and incentive model using LeisureMeta (LM) tokens. The LM token will be listed on LBank Exchange at 18:00 (UTC+8) on May 25, 2022, to further expand its global reach and help it achieve its vision.
Introducing LeisureMetaverse
As the rise of the digital economy is near, more people will invest their time on creative activities. LeisureMetaverse is a platform for this new era where leisure is the lifestyle and the economic activity. It records and governs the NFT minting and trading, and DAO activities. In fact, it is impossible to implement this kind of service directly on Ethereum, due to technical and economic barriers. LeisureMetaverse platform provides DApps on it, coexisting with Ethereum and maximizing the utility of blockchain at the current level of technology.
The first DApp Service on LeisureMetaverse platform is called playNomm. In playNomm, any entities can easily mint an NFT using their creative contents. Every owner of NFTs will become a member of DAO and will be rewarded by the playNomm token economy.
The LeisureMetaverse platform builds an incentive model using LeisureMeta (LM) tokens to promote continuous activity of DAOs. In the early stage of the platform, every DAO is governed by the common rule set by the foundation DAO consist of team members and advisors. Later, as the data is accumulated over a period, the governance will be gradually transferred so that each DAO can governs itself by setting its own rules. The goal of playNomm is to make every DAO to be a self-regulatory organization.
About LM Token
LeisureMetaverse issued its own utility token LeisureMeta (LM) to energize trade of NFTs and increase the valuation of NFTs. LeisureMetaverse operates its own blockchain, but the LM token in LeisureMetaverse and the ERC-20 LM token on Ethereum are interchangeable through the gateway between LeisureMetaverse and Ethereum. Every NFT Mint and trade in playNomm requires small amount of fee. All the fees paid by user will be burned by the system. The burn-and-mint equilibrium (BME) model will prevent inflation keeping the ecosystem healthy.
The total supply of LM is 5 billion (i.e. 5,000,000,000) tokens, of which 60% is provided for DAO rewards, 5% is allocated to biz partners, 13% will be used for research and development, 10% is provided for sale, another 10% is allocated to the team and advisor, and the rest 2% is allocated for PR.
LM will be listed on LBank Exchange at 18:00 (UTC+8) on May 25, 2022, investors who are interested in the LeisureMetaverse investment can easily buy and sell LM token on LBank Exchange by then.
Learn More about LM Token:
Official Website: https://leisuremeta.io
Telegram: https://t.me/playNomm
Discord: https://discord.gg/playNomm
Twitter: https://twitter.com/playNomm
Medium: https://medium.com/@playNomm
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
l Instagram
l YouTube
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
[email protected]
PR Contact:
ZEXPRWIRE
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125076
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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.
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