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XCAD Network Announces Second Creator Token $JAVI with YouTube Star RDjavi, following 100x Success of $DON

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XCAD Network, a leading Watch2Earn tokenisation platform for YouTubers, electrifies RDjavi (Steven Santos)’s fanbase with the announcement of the $JAVI token. This innovative token creates a lucrative bond between the YouTube star and his millions of subscribers. With 2.79M subscribers and an average of over 3M views per video in the last 12 months. RDjavi is renowned for electrifying playthroughs of GTA V’s online version, GTA RP, and now, with $JAVI, fan engagement is expected to reach unprecedented heights.

Building on the explosive success of $DON (60x current ROI), the creator token launched for YouTube Star TheDonato, the $JAVI token connects Steven Santos and his YouTube channel RDjavi to his fanbase through exclusive activities and perks, bringing them closer to their favourite creator than ever before.

With $JAVI, fans can receive product rewards and perks such as participation in exclusive raffles and more. In addition, the token positions RDjavi’s fanbase as stakeholders in his content creator journey with a voting voice on his creative journey, creating a creative feedback loop between both the YouTuber and his fanbase. This further establishes a new trend, wherein the relationship between content creators becomes collaborative and mutually rewarding.

The $JAVI token has a total supply of 1 billion tokens, with allocations distributed as follows: 30% for incentives, 15% for pre-sale, 30% for market making and exchange liquidity, 10% each for contributors and marketing, and 5% foundation.

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Oliver Bell, CEO and Co-Founder of XCAD Network, is thrilled about the announcement: “The creator economy is evolving rapidly, and platforms like ours are leading the way. We are excited to launch $JAVI, a significant step toward redefining how fans and creators interact. This token empowers content creators to monetise their work while fostering deeper connections with their audience. With this token, fans become active participants in the creative process, creating a mutually rewarding relationship that is both creatively and financially enriching.”

Steven Santos shared his excitement: “This partnership is a milestone in my career as a content creator that turns my fans across the globe from passive viewers to active partners in our journey. The new precedent set for fan engagement and content monetisation with XCAD Network is setting an industry standard for the creator economy that I am excited to see cascade onto other content creators. Leveraging this token, fans feel empowered by a shared responsibility of creating quality content, and rewarded throughout this journey, which seismically shifts the dynamics of content creation.”

The $JAVI token reshapes the role of fans from enthusiastic viewers to enthusiastic contributors to the journey of the content creator, whereby a shared ownership of the creative journey is established. This tokenized approach not only offers rewards but empowers fans to shape the content they love.

XCAD Network’s new creator token marks another step in its roadmap to empower the creator economy, after the launch of the $DON token, which skyrocketed to 100x within the first 24 hours, now sitting at 60x.

The post XCAD Network Announces Second Creator Token $JAVI with YouTube Star RDjavi, following 100x Success of $DON appeared first on HIPTHER Alerts.

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Blockchain

Europe Tax Advisory Market Valuation Poised to Soar to USD 28.50 Billion By 2032 | Astute Analytica

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Blockchain

Brazil to Tighten Regulation on Foreign Crypto Exchanges

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Brazil’s Receita Federal Increases Scrutiny on Foreign Cryptocurrency Exchanges

Brazil’s tax authority, Receita Federal, plans to intensify its oversight of foreign cryptocurrency exchanges operating within the country. This move aims to enhance regulation and transparency amid the rising use of digital assets in Latin America’s largest economy.

New Reporting Requirements for International Platforms
Recent reports indicate that Receita Federal will soon issue an order requiring international cryptocurrency platforms, including Binance and Coinbase, to provide detailed operational data and information on their partnerships with local service providers.

Government’s Regulatory Focus
Andrea Chaves, Deputy Secretary of Inspection at the Federal Revenue Service, emphasized the importance of this measure. “It’s crucial for us to understand how they operate here and ensure there’s no illegality,” she stated. The government aims to ensure compliance with tax laws and confirm that services provided to Brazilian customers are fully legal.

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Wagner Lima, a risk management coordinator at Receita Federal, underscored the need to review collaborations between foreign exchanges and local service providers. This review ensures compliance with a 2019 regulation that mandates information sharing.

Rise in Crypto Asset Declarations
This decision comes in response to a significant increase in crypto asset declarations by Brazilians. From January to July 2023, Brazilians declared 133.6 billion reais ($24.6 billion) in crypto assets, marking a 36.6% increase from the previous year. Notably, 14.5 billion reais were declared through foreign exchanges, representing a 51.2% growth.

Upcoming Order Details
The forthcoming order will require exchanges to disclose their operational methods and customer service practices in Brazil. However, it will exclude customer-specific data and transactional information to comply with current Brazilian laws.

Future Regulatory Framework
Brazilian authorities are also working on developing a clear framework for digital currencies and their legal status, expected to be introduced by mid-2024. This framework aims to organize both local and foreign exchanges operating within Brazil, ensuring their compliance with local laws and regulatory requirements.

Source: cryptotimes.io

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The post Brazil to Tighten Regulation on Foreign Crypto Exchanges appeared first on HIPTHER Alerts.

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Financial Institution NAB Embraces Crypto Custody Solution

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National Australia Bank Invests in Crypto Custody Firm Zodia Custody

National Australia Bank (NAB), a prominent financial institution, has taken a significant step into the cryptocurrency custody arena. Instead of creating its own digital currency, NAB Ventures has opted to invest in Zodia Custody, a London-based firm specializing in the secure storage of digital assets for institutional clients.

Strategic Shift and Industry Alignment
This investment marks a strategic shift for NAB, aligning itself with global financial leaders like Standard Chartered, Northern Trust, and SBI Holdings, who have already acknowledged the importance of safeguarding digital assets for investors. By partnering with Zodia Custody, NAB showcases a forward-thinking approach, choosing collaboration over direct competition with established players like Coinbase.

Commitment to Innovation
The decision to invest in Zodia Custody reflects NAB’s commitment to providing cutting-edge solutions to its institutional clients while leveraging the potential of the crypto market. This move positions NAB as a key ally for institutional investors seeking secure and regulated infrastructure to navigate the complexities of digital asset storage and management.

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Additional Insights
One significant aspect not highlighted in the initial report is that NAB’s engagement with a crypto custody solution underscores the growing demand from institutional investors for secure and regulated infrastructure to enter the crypto space.

Key Questions
1. How will NAB’s partnership with Zodia Custody impact its overall financial services and competitive position in the market?
2. What regulatory challenges and compliance requirements does NAB face by entering the crypto custody space?
3. How does NAB plan to address security concerns related to the storage of digital assets for its institutional clients?
4. What are the potential risks and rewards for NAB as it ventures into the crypto custody sector?

Key Challenges
NAB may encounter several challenges, including regulatory compliance issues, cybersecurity risks, market volatility of crypto assets, competition from existing players in the space, and the need to build trust among institutional clients for their crypto custody services.

Advantages
1. Access to a Growing Market: Entry into the rapidly expanding crypto market and potential new revenue streams.
2. Strengthened Partnerships: Enhanced relationships with global leaders in the crypto custody sector.
3. Diversification: Broadening service offerings to meet the evolving needs of institutional clients.

Disadvantages
1. Regulatory Scrutiny: Increased regulatory oversight and compliance costs.
2. Market Volatility: Exposure to the highly volatile nature of crypto assets.
3. Reputation Risk: Potential damage to reputation if security breaches or operational issues occur in the custody of digital assets.

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Source: smartphonemagazine.nl

The post Financial Institution NAB Embraces Crypto Custody Solution appeared first on HIPTHER Alerts.

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