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SupplyCon (SPLC) Is Now Available for Trading on LBank Exchange

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Internet City, Dubai–(Newsfile Corp. – October 12, 2022) – LBank Exchange, a global digital asset trading platform, has listed SupplyCon (SPLC) on October 10, 2022. For all users of LBank Exchange, the SPLC/USDT trading pair is now officially available for trading.

SupplyCon Listing Banner

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Revolutionizing the global supply chain using blockchain technology, SupplyCon (SPLC) advocates the ‘Global Strategic Mineral Supply Chain’ and ensures continuous and stable supply of core minerals. Its native token SPLC has been listed on LBank Exchange at 5:00 UTC on October 10, 2022, to further expand its global reach and help it achieve its vision.

Introducing SupplyCon

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SupplyCon is a combination of supply and continuity, which contains the future value and will of project developers and foundations to ensure continuous and stable supply of core minerals.

Normalizing the distribution of strategic minerals, securing economy by profitability analysis, transparent operation of distribution channels, value calculation through accurate cost analysis, economic life evaluation of mining points, safe mineral management and commercialization, and maintenance of global distribution order are essential factors in the strategic mineral market.

Although mining methods, cost calculation, product and refining processes, and commercialization processes are needed for each mineral, it is true that uniform management and transaction methods that do not fit the characteristics of each mineral have been introduced. Since each mineral has its own unique mineral, market, and chemical characteristics due to different uses, values, casting methods, refining, and mining methods, it is necessary to separately mine, safely manage, transact, calculate cost and evaluate economic value. SupplyCon advocates the ‘Global Strategic Mineral Supply Chain’, which is optimized for the characteristics of these minerals.

The key elements of the success of the global mineral supply chain are information accuracy, irreversibility, transparency, and non-forgery. To achieve this, SupplyCon utilized Ethereum, which is used as a critical blockchain and dual-chain DB and platform operations utility in more than 200 countries around the world, completing the most ideal blockchain-based global strategic mineral supply chain.

SupplyCon also plans to release a wallet with web3-based technology that has functions such as safe management, possession, transmission, and transaction of coins. In addition to the wallet trading function, it plans to evolve into a platform that introduces a solution that maximizes the specificity of the supply chain by transparently disclosing and integrating the types of minerals currently traded on the platform, the number of participating companies, and the overall business revenue.

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About SPLC Token

SPLC is the native token of SupplyCon. Based on ERC-20, SPLC has a total supply of 400 million (i.e. 400,000,000) tokens, of which 20% is provided for token sale, 20% is allocated for acquisition of 3rd tier license, 20% is provided for M&A of new technology patented corp., 10% will be used for production of supply chain platform, 20% is provided for global conglomerates sales, and the remaining 10% is allocated to the team.

The SPLC token has been listed on LBank Exchange at 5:00 UTC on October 10, 2022, investors who are interested in the SupplyCon investment can easily buy and sell SPLC token on LBank Exchange right now.

Learn More about SPLC Token:

Official Website: http://supplycon.io
Telegram: https://t.me/supplycon_official

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About LBank

LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute the global adoption of cryptocurrencies.

Start Trading Now: lbank.com

Community & Social Media:

l Telegram
l Twitter
l Facebook
l LinkedIn
l Instagram
l YouTube

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Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140146

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

New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Blockchain

Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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Blockchain

Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation

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The Manta Foundation has launched its $50 million EcoFund to build a robust ecosystem for leading blockchain projects, as per Manta Network. This initiative demonstrates the foundation’s commitment to funding opportunities and developer support for innovative blockchain ventures.

Funding and Support Opportunities
Starting June 15th, the one-year EcoFund will offer significant financial support through its Ecosystem Grant Program, which provides early-stage projects with grants of up to $50,000. This initial funding is crucial for bringing innovative ideas to life.

Additionally, the EcoFund dedicates $35 million for direct investments in promising projects on the Manta Network. These strategic investments aim to foster high-growth ventures that align with Manta Network’s long-term objectives, promoting a collaborative and mutually beneficial environment.

Diverse Project Focus
The Manta Foundation supports a broad range of projects across sectors such as DeFi, Gaming, NFTs, and more. These initiatives are chosen for their potential to drive consumer adoption and significantly enhance the Manta Network ecosystem.

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Applications for the EcoFund are accepted on a rolling basis, ensuring ongoing funding and support opportunities. The foundation prioritizes projects with robust business models and scalability, aiming to ensure the ecosystem’s financial health and sustainability.

Specialized Funding Categories

In addition to general grants, the EcoFund targets specific high-growth areas:

– AI/DePIN: Focused on using AI and Decentralized Physical Infrastructure Networks for sustainable solutions.
– Zero-Knowledge: Investments in zero-knowledge technology to boost privacy and security in the blockchain space.
– Memecoins: The Moon Mission Grant supports the development and growth of meme projects on Manta Pacific, fostering a vibrant memecoin culture.

Events and Hackathons
To further enrich the ecosystem, the Manta Foundation has allocated $5 million for online and offline events and hackathons. These events aim to attract new developers and users, fostering a culture of innovation and collaboration within the Manta Network community.

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Source: blockchain.news

The post Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation appeared first on HIPTHER Alerts.

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