Blockchain
Huobi Global Announces the Listing of TON’s Native Blockchain Token
London, United Kingdom–(Newsfile Corp. – September 5, 2022) – The TON Foundation and Huobi announced an expanded collaboration that will include the listing of The Open Network’s native cryptocurrency, Toncoin, and joint events.
Previously, the first TON ecosystem fund managed to raise $250 million and was formed with the participation of Huobi Incubator, also part of the Huobi Group.
Lily Zhang, Chief Financial Officer of Huobi Global, said, “By leveraging its user-friendly mass-market products, TON has the potential to become one of the most promising layer-1 blockchains that could bring hundreds of millions of Web 2.0 users to the crypto world. With the integration of TON mainnet, Huobi is well-equipped to support promising projects built in the TON ecosystem.”
Toncoin will be listed on Sept. 7, 2022, and will be available in the TON/USDT pair for spot trading. According to a joint statement from TON and Huobi, a marketing campaign with a budget of 1 million tokens will be launched simultaneously with the listing of Toncoin. It will include marketing events, a contest for traders, airdrop, and staking up to 300% APY.
Steve Yun, a founding member of the TON Foundation, said, “We are excited that Huobi Global now supports TON mainnet. We look forward to actively supporting the TON ecosystem together.”
The strategic partnership between Huobi Group and the TON Foundation is not limited to listings – it is aimed at expanding opportunities in the Web3 area: supporting businesses and developers, implementing technologies and products based on the TON blockchain, incubating projects, and providing investments.
About The Open Network (TON)
The Open Network is a third-generation proof-of-stake blockchain originally designed in 2018 by the Durov brothers, the founders of Telegram Messenger. Later, it was handed over to the open TON community, which has been supporting and developing it ever since.
TON was designed for lightning-fast transactions. It’s ultra-cheap, user-friendly, and fully scalable. The project’s native token, Toncoin, is the only cryptocurrency available for transfer between users within Telegram using the @wallet bot from independent TON developers.
The TON Foundation is a non-commercial group of supporters and contributors who help further grow the TON blockchain.
SOURCE The Open Network (TON)
Learn more about TON: https://ton.org
About Huobi
The exchange ranks 9th in the aggregate CoinMarketCap’s rankings and serves more than 10 million customers in 130 countries, and the daily trading volume of the platform exceeds $500 million.
Founded in 2013, Huobi Global has created an entire ecosystem of cryptocurrency platforms and services, including Huobi Capital (its investment arm), HECO Chain (a green blockchain for developers), Huobi DeFi Labs (a DeFi ecosystem development platform), and others.
The company has compliance licenses in 12 countries, such as the U.S., Japan, Thailand, and Gibraltar.
Contact
Tarek Al Fakih
[email protected]
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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