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LBank Weekly Listing Report, 15th August 2022

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Internet City, Dubai–(Newsfile Corp. – August 16, 2022) – As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week, offering users more information to help better understand these unique opportunities.

New Listings on LBank Exchange

Scheduled this week starting on 15th August.

For a more complete list please follow our twitter @LBank_Exchange

Project: VST
Listing date: 15th August
Key words: NFT, Metaverse, Listed on pancake, BSC
Official Website: http://www.voicestreet.org/

About:

Voice Street is a lab that dedicated to bring music to Web3.0 and intends to build an on-chain infrastructure for music. Voice Street has a variety of products, such as music NFT platform, metaverse concerts, musician live-house virtual space customizations and music-related games. Voice Street seeks to maximise value and provide additional dimensions to valorising music artists and their creations. This is done through the on-chain development of music copyright, artist-related rights, music derivatives NFT, NFT gamification and metaverse. The project wants to solve the problem of limited monetization routes for artists and the poor monetization ability of music creations.

Project: PETT
Listing date: 15th August
Key words: Public Chain, MEME, Initial listing, BSC
Official Website: http://pett.co.in

About:

PETT coin creates a blockchain ecosystem for pet welfare and health records, animal tracking, and welfare for abandoned dogs.

Project: REM
Listing date: 15th August
Key words: Others, listed on pancake, BSC
Official Website: https://remmeta.com

About:

REM tokens that will serve as governance through ecosystems such as exchanges, NFT, DE-FI, and GAME were produced and issued. The REM token was created to create and grow platforms and ecosystems with participants against this backdrop.

Project: CGO
Listing date: 15th August
Key words: Gold Backed Stable coin, Listed on bitrue, XDC
Official Website: https://comtechgold.com/

About:

Comtech Gold (CGO) is an asset-backed token issued by Comtech FZCO. One CGO token represents one gram of pure gold. CGO tokens represent legal ownership rights to a part of the gold held by the regulated custodian in the UAE. Since the CGO token represents real, physical gold, its value is tied directly to the real-time market value of gold. A reputed auditing firm conducts regular audit to match the outstanding supply of CGO tokens and give audit report by custodian about physical quantity of gold ensuring that the reserve of physical gold exactly matches the outstanding supply of CGO tokens. Both these Audited reports are available on ComTech gold website to maintain full transparency.

Project: USDR
Listing date: 15th August
Key words: Stablecoin、Defi, Initial listing ,TRC20
Official Website: https://remitt.ai

About:

USDR is a fully collaterized stablecoin, created and supported by Remitt Foundation – a non-profit organization dedicated to promotion and support of Blockchain and AI technologies in fintech industry and remittance business. The USDR token is minted and burned automatically by Remitt bot – a universal AI-powered chat-bot system that completely automates the process of USDR’s tokenization and redemption. The bot is currently available only on Telegram, with planned support for Whatsapp and Discord.

Project: ANKR
Listing date: 15th August
Key words: BSC&ERC20
Official Website: https://www.ankr.com/

About:

Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks.

Project: ABC
Listing date: 17th August
Key words: Public, Initial listing, BSC
Official Website: https://www.ableblockchain.com/

About:

ABC Token was developed with the goal of its own blockchain mainnet. Until the public mainnet is confirmed, it will be operated as a BSC-based BEP token. When the development of Ableblockchain is on this trajectory, it will be released naturally, and the BEP-based token will be converted into its own token. In particular, we aim to create a token economy where holders, investors, and ecosystem participants can win-win through marketing platform services.

Project: SYL
Listing date: 17th August
Key words: GAMEFI, Initial listing, ERC20
Official Website: https://syltare.com

About:

SYLTARE is the no.1 NFT infused Trading Card Game from Korea developed by a team of renowned engineers and strategists.

Project: CTFC
Listing date: 18th August
Key words: Defi, Initial listing, BSC
Official Website: http://ctfc.io/

About:

Crypto finance operates their own DeFi platform and NFT platform to form a Crypto finance ecosystem with tokens and coins with real growth value.

The goal is to create a sound investment market, so that all unnecessary procedures of DeFi and NFT, which were previously encountered in difficult ways, are removed and simplified to provide low entry barriers to numerous potential customers and to make good projects easier to access. It is a project that aims to create.

Project: TQP
Listing date: 18th August
Key words: Payment, Dapp, Initial listing, ERC20
Official Website: https://www.tqnetworks.io

About:

ThankQ Protocol is a point (coupon) exchange/integrated payment platform applied with blockchain technology. Its point integration platform includes basic functions such as point exchange/conversion and discounts provided by existing point services, and provides a full payment method and barcode/QR code services for the offline market. In addition, by establishing a transparent and safe point ecosystem based on blockchain technology, both customers and merchants provide reliable services.

Summary of Last Week’s Listings -August 8st to August 14th, 2022

Name: LKD
Official Website: https://linkdao.network/
Trade here: https://www.lbank.info/exchange/lkd/usdt/#usd

Name: CHEQ
Weekly gain: 17%
Official Website: https://www.cheqd.io/
Trade here: https://www.lbank.info/exchange/cheq/usdt/#inno

Name: FND
Weekly gain: 92%
Official Website: https://securedoffers.com/
Trade here: https://www.lbank.info/exchange/fnd/usdt/#inno

Name: CAUSE
Weekly gain: 1514%
Official Website: https://worldcausecoin.com
Trade here: https://www.lbank.info/exchange/cause/usdt/#inno

Name: DRIVECRYPTO
Weekly gain: 6%
Official Website: https://drivecrypto.io/
Trade here: https://www.lbank.info/exchange/drivecrypto/usdt/#inno

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133971

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.

Blockchain

THXLAB and IZUTSUYA Announce Strategic Partnership

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OZANK Joins Forces with RevoluGROUP to Enhance Global Payment Infrastructure

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Blockchain

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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