Blockchain
LBank Exchange Will List VNX Gold (VNXAU) on October 25, 2022
Internet City, Dubai–(Newsfile Corp. – October 25, 2022) – LBank Exchange, a global digital asset trading platform, will list VNX Gold (VNXAU) on October 25, 2022. For all users of LBank Exchange, the VNXAU/USDT trading pair will be officially available for trading at 10:00 UTC on October 25, 2022.
VNX Gold Listing Banner
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Utilizing the blockchain technology to tokenize the physical gold, VNX Gold (VNXAU) provides the reliability of gold with the flexibility of a crypto asset and enables users to buy and sell the purest gold from anywhere in the world. Its token VNXAU will be listed on LBank Exchange at 10:00 UTC on October 25, 2022, to further expand its global reach and help it achieve its vision.
Introducing VNX Gold
VNX Gold is a project under VNX that enables users to easily manage all of their gold transactions with digital tokens. Its tokenization of gold allows users to skip the hassle of visiting a vault or bank, and confidently invest from anywhere in the world.
As the first registered EEA investment platform for precious metals under the blockchain act (TVTG), VNX complies with the regulations and leading standards of investor protections. It believes that users should be able to make transactions with precious metals from anywhere in the world, with complete confidence and protection.
Upon purchase of the precious metals, users are issued a token on one of the supported blockchains. This token represents their individual ownership of the actual physical metal that is stored in high-security European vaults, independent from the banking system and in full compliance with applicable laws. While tokens may be sold at the platform or crypto exchange, user’s physical bars can be collected personally from the vault and delivered anywhere in the world by request.
Furthermore, user’s investments will be significantly simplified with tokenization. VNX provides a seamless, user-friendly digital platform that allows users to buy and sell precious metals for euro and cryptocurrency and transfer them 24/7 to their crypto wallet anywhere in the world. And users can enjoy a competitive fee structure with no storage fee.
VNXAU is a multichain token which will be available on different blockchains. With the listing on LBank VNX Gold issued its gold-backed tokens on the Q blockchain.
Q is a novel Layer 1 blockchain that offers the highest level of security for high-value use cases such as asset-backed tokens. The issuance of VNXAU on Q allows token holders enjoy high-performance transaction capabilities and solidified trust created by the Q ecosystem.
About VNXAU Token
VNX Gold (VNXAU) is a multichain token that represents ownership of specific physical gold bars purchased and stored in the VNX Gold holder’s name in a highly secured professional vault in the Principality of Liechtenstein. It’s freely transferrable on the supported blockchains and can be transferred to any wallet supporting the ERC-20 standard.
Each VNX Gold token holder is the only lawful owner of the gold subject to successful registration, identification, and passing anti-money laundering checks on the VNX Platform. Each one VNX Gold token certifies ownership of one gram of gold in a certain gold bar. There is no ultimate VNX Gold supply limitation because the number of VNX Gold tokens generated is driven by the demand from clients.
The VNXAU token will be listed on LBank Exchange at 10:00 UTC on October 25, 2022, investors who are interested in the VNX Gold investment can easily buy and sell VNXAU token on LBank Exchange by then.
Learn More about VNXAU Token:
Official Website: https://vnx.li
Telegram Chanel: https://t.me/vnx_li
Telegram Chat: https://t.me/VNX_Exchange
Discord: https://discord.gg/5jCaPYwr3f
Twitter: https://twitter.com/VNX_Platform
Instagram: https://www.instagram.com/vnxexchange/
Facebook: https://www.facebook.com/vnx.io/
Medium: https://medium.com/@vnx
About Q Blockchain
Q is a novel blockchain with a focus on transparent and enforceable governance.
Q’s vision is to create a comprehensive governance framework for the decentralized world, thereby enabling the most demanding applications and use cases. With its unique two-tier node system and a dispute resolution mechanism that is integrated into the protocol, Q offers unparalleled security.
This makes Q the ideal platform for high-value use cases such as asset-backed tokens issued by VNX. Users can rest assured that their assets are safe, while enjoying the benefits of a high-performance blockchain such as high transaction speed and low costs. Furthermore, the Q ecosystem offers all the features and tooling you would expect – purpose-built wallets, convenient user interfaces, token bridges to other blockchain ecosystems and much more.
Q is supported by the Q International Foundation, a not-for-profit entity based in the Principality of Liechtenstein.
Learn more about Q:
Website: https://q.org
Discord: https://discord.com/invite/YTgkvJvZGD
Twitter: https://twitter.com/QBlockchain
Medium: https://medium.com/q-blockchain
Documentation: https://docs.q.org/
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
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/141805
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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