Blockchain
LBank Exchange Will List PEGO Network (PG) on July 17, 2023
Road Town, British Virgin Islands–(Newsfile Corp. – July 17, 2023) – LBank Exchange, a global digital asset trading platform, will list PEGO Network (PG) on July 17, 2023. For all users of LBank Exchange, the PG/USDT trading pair will be officially available for trading at 8:00 UTC on July 17, 2023.
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PEGO Network (PG) is a Web3 infrastructure that provides high autonomy, scalability, and sustainability for decentralized applications Its native token, PG, will be listed on LBank Exchange at 8:00 UTC on July 17, 2023, with the goal of expanding its global footprint and supporting the realization of its forward-thinking objectives.
Introducing PEGO Network
LBank Exchange is thrilled to announce the upcoming listing of PEGO Network (PG), a Web3 infrastructure that provides high autonomy, scalability, and sustainability for decentralized applications. PEGO has designed a fully community-driven autonomous Web3 infrastructure, where all on-chain parameters can be flexibly adjusted through proposals initiated by the community. According to the PPOS consensus, the established composite economic incentive mechanism can promote the sustainable development of the PEGO ecosystem. Additionally, the PEGO blockchain is fully compatible with the EVM system, making it an ideal choice for developers aiming to build scalable decentralized applications.
PEGO offers solutions to current blockchain ecosystem challenges. It introduces the NFT-PNN identity verification system, allowing users to stake PNN and use PGVT to become network validation nodes. PEGO establishes a composite economic incentive model based on the PPOS mechanism to promote long-term LP participation and provide liquidity solutions. The EVM-compatible system architecture supports various development languages, making it developer-friendly for building DApps. PEGO follows principles of decentralization, compatibility, interoperability, and broad consensus. It aims to achieve goals such as shorter block generation time, cross-chain functionality, and on-chain governance. PEGO’s consensus protocol, PPOS, ensures fair rewards for network participants. Validator nodes are elected through user voting, and rewards are distributed separately to voters and nodes. The PEGO network supports multi-language programming, has a virtual machine for smart contracts, and offers open interfaces for developers.
PEGO believes that current developments in Web3 are insufficient for widespread adoption and that decentralized autonomy is the key to innovation. By leveraging DAO technology, PEGO aims to enhance community autonomy and coordination. With its experience in DAO self-governance, PEGO strives to contribute to the development and popularization of Web3. The iterative evolution of PEGO prioritizes community development and inclusivity, creating a platform for all community members rather than a specific group.
About PG Token
PG is the governance token of the PEGO Network, serving as a vital component for participation in the ecosystem and representing the consensus value. It can be used for governance voting, incentives, and rewards to encourage community engagement. PG is required for super node staking and voting, and it can be used to introduce new tokens into liquidity pools and farms through community proposals. PG can also be acquired through staking and collateralizing assets through W3BANK. Incentives, bonuses, airdrops, and gas rewards for block production are distributed in PG.
Based on PEGO Network, PG has a total supply of 100 million (i.e. 100,000,000). Of this, 95% is fully allocated to incentivize behavior, while the remaining 5% is open to supporters and long-term participants in the PEGO ecosystem, distributed through airdrops. It will be listed on LBank Exchange at 8:00 UTC on July 17, 2023, investors who are interested in PEGO can easily buy and sell it on LBank Exchange by then.
Learn More about PEGO Token:
Official Website: https://pego.network/#/
Twitter: https://twitter.com/pegonetwork
Telegram: https://t.me/pegoofficial
Discord: https://discord.com/invite/TNJH7tUA5k
Explorer: https://scan.pego.network/
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 9 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 to the global adoption of cryptocurrencies.
Start Trading Now: lbank.com
Community & Social Media:
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Press contact:
[email protected]
Business Contact:
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/173647
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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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