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
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Press contact:
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Business Contact:
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LBank Exchange
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ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
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