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Herta, Honda Are Texas Tough, Win at Circuit of the Americas

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Second-generation racer Colton Herta became the youngest winner in Indy car history today at the Circuit of the Americas, taking advantage of a late-race yellow flag to score his first NTT IndyCar Series victory in just his third race start.

Herta, son of former Honda Indy car and Acura sports car racer Bryan Herta, started fourth and kept his Harding Steinbrenner Racing Honda in the lead pack throughout the caution-free first 43 laps of today’s 60-lap contest.  For those 44 laps, tire management was the key for drivers and teams in the first visit of the IndyCar Series to the challenging COTA circuit.

But the complexion of the race changed dramatically on Lap 44, when contact between rookie Felix Rosenqvist and James Hinchcliffe sent the former into the barriers, resulting in the first and only caution period of the race.  Herta, who had just made his final scheduled pit stop, cycled to the front of the field as leaders Will PowerAlexander Rossi and Scott Dixon were forced to make their final stops during the caution.

In addition to Power, Rossi and Dixon – who were running first, second and third at the time – Rosenqvist and Hinchcliffe also had to stop for repairs, while a mechanical issue for Power during his pit stop ended his race.

When the green flag waved for the final time on Lap 50, Herta pulled away to an initial 2.5-second lead over Newgarden, while Ryan Hunter-Reay and Graham Rahal briefly battled over third place.  Driving like a veteran, Herta extended his advantage to nearly four seconds, while Hunter-Reay pulled away from Rahal and closed on Newgarden for second.  Meanwhile Rossi, who had taken the restart in 14th, put on a spectacular recovery drive that saw him gain five positions in the final 10 laps.

While Newgarden held on for second at the checkers, Honda drivers dominated the top-10 finishing order with Hunter-Reay finishing third, followed by Rahal, Sebastien BourdaisMarco Andretti and Takuma Sato in seventh.  Rossi crossed the finish line in ninth, just ahead of Jack Harvey, as the second-year Indy car driver rounded out the top 10 for Honda.

At age 18, Herta breaks the record previously held by Rahal, who scored his first Indy car victory at the 2008 Honda Grand Prix of St. Petersburg, when he was 19 years old.

Next
The NTT IndyCar Series now takes a week off before heading to Barber Motorsports Park, just outside of Birmingham, Alabama, for the April 7 Honda Indy Grand Prix of Alabama.  The third round of the 17-race championship will be televised live on the NBC Sports Network, starting at 4 p.m. EDT.

Social media content and video links from this weekend’s Honda IndyCar Series action from the Circuit of the Americas are available on HPD’s Facebook (https://www.facebook.com/HondaRacingHPD) and Twitter (https://twitter.com/HondaRacing_HPD) channels.  Produced by the Carolinas Production Group, YouTube video packages can be found at: https://www.youtube.com/user/HondaRacingHPDTV

 

Quotes
Colton Herta(Harding Steinbrenner Racing) Started fourth, finished first, at age 18, surpasses Graham Rahal as youngest Indy car winner in series history: “My team had a terrific strategy, but we weren’t expecting [a win].  I thought we were going to get a podium, we were going to get third.  I think we had the pace for that.  But that yellow came out at the perfect time for us.  Holy cow, I am worn out! That restart at the end [with 10 laps to go] just finished me off.  After the last restart, I knew we had good pace.  All day long, we were fast in the early laps, then faded towards the end [of a stint].  So on the restart, we were really quick. Just a spectacular day.”

Ryan Hunter-Reay(Andretti Autosport Honda) Started third, finished third: “It was a tough race.  I had to struggle a little bit.  We dialed some front wing into it to try and fix the understeer, so then the car was a little bit loose.  At the end there, I thought we were a little bit faster than Josef Newgarden, but he did a really good job of keeping me behind him.  But hats off to Colton Herta, the youngest-ever Indy car winner.  From the first day of the open test, everybody was like ‘what is he on, a different tire or something?’  He did a great job, put his head down all weekend and made no mistakes.  Perhaps we could’ve been a bit better, but we’ll take the [championship] points and move on.  Great first weekend here at COTA, we had a good [fan] turnout, and we’ll come back better next year.”

Art St. Cyr(President, Honda Performance Development) on his final race as president of HPD: “It was a very entertaining and historic first Indy car race here at COTA, with Colton becoming the youngest-ever winner.  He has shown that the future of the IndyCar Series is bright, as the young rookies engaged established veterans in entertaining battles all day long.  Congratulations to Colton and the Harding Steinbrenner team on their victory, congratulations also to Ryan on his recovery from an unfortunate result in St. Petersburg.  Congratulations to all our HPD associates for placing eight of the top ten finishers, including tremendous drives from Graham and Sebastien to round out the top five, and to Alexander, who deserved a much better result than ninth.” [Ted Klaus moves from Honda R&D to take over as HPD president on April 1].

SOURCE Honda Racing/HPD

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Crypto Earn: Now Earn 8% p.a. on EOS Deposits

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Crypto Earn: Now Earn 8% p.a. on EOS deposits

 

Crypto.com, the pioneering payments and cryptocurrency platform, announced today that it has added EOS to Crypto Earn, allowing users to enjoy up to 8% p.a. on their deposits.

In addition to having EOS available in Crypto Earn, deposit and withdrawal of EOS is also enabled on the Crypto.com App.

EOS.IO is a free, open-source blockchain software protocol that provides developers and entrepreneurs with a platform on which to build, deploy and run high-performing blockchain applications. It is currently supporting over 260 projects.

Crypto Earn now supports 16 coins including BTC, ETH, LTC, XRP, BNB, TUSD, PAX, USDC, MCO, BAT, LINK, CRO, MKR, DAI, PAXG with the addition of EOS. Interest is paid out weekly in the coin deposited with flexible, 1-month or 3-month terms available. Users earn more by staking at least 500 MCO.

Note: For the U.S. users, both deposit and withdrawal of EOS and Crypto Earn deposit in EOS are initially available in 38 states: AlaskaArizonaArkansasCaliforniaColoradoDelawareFloridaIllinoisIndianaIowaKansasKentuckyMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNorth DakotaOhio, Oklahoma,  PennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaWest VirginiaWisconsin, and Wyoming.

 

SOURCE Crypto.com

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World’s Largest Blockchain Application Competition ‘Klaytn Horizon’ Winners Announced

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BApp Competition 'Klaytn Horizon' Winners Announced

 

Klaytn, the leading blockchain project led by the South Korean Internet giant Kakao announced the winners for its BApp (Blockchain Application) competition, ‘Klaytn Horizon.’

Klaytn Horizon invited all developers worldwide to build blockchain applications on the Klaytn platform whose mainnet launched this past June. Prioritizing its efforts towards mass blockchain adoption and ecosystem building, Klaytn prospected for competent blockchain projects that can facilitate blockchain experience.

Over 100 projects were submitted by developers across the globe including Korea, U.S., ChinaFranceRussiaSwitzerlandSlovakiaIndiathe Philippines, and many others. Most of the projects are Klaytn-based tools including wallets and exchanges that enhance BApp development and usability. The judges selected 15 award-winning teams that have the most potential to deliver practical service with meaningful values based on user-friendly blockchain experience.

The top five winners of the Klaytn Horizon are as follows:

Exnomy (India & Korea)

Exnomy is a hybrid cryptocurrency exchange that enables a handful of cryptocurrencies tradeable with Klaytn’s token KLAY based on high scalability and competitive gas fee structure. It combines high security with fast transaction speed.

Jetstream (Korea)

Jetstream is a Chrome browser extension wallet that enables the transfer of KLAY and KCT (Klaytn Compatible Tokens) as well as Klaytn-based non-fungible tokens (NFTs). The fees incurred by users can also be delegated to a service provider to ensure an effective user experience.

Klay.exchange (The Philippines & Korea)

Klay.exchange is a decentralized exchange protocol supporting the value transfer of KLAY and KCT. Based on an intuitive swap algorithm, the service allows simple and easy blockchain experience for users.

KUSD Stablecoin (U.S. & Russia)

KUSD is the stablecoin solution that seeks to effectively mitigate the arbitration risk and price volatility by pegging KLAY to US Dollar. KUSD also provides toolkits such as ‘Klaybook’ to facilitate smart contract deployment and ‘Klayfee,’ which enables fee delegation for Klaytn-based BApps.

Odin for Klaytn (Korea)

Odin for Klaytn is a real-time smart contract auditing service that allows developers to easily analyze and review their smart contracts in order to prevent security risk. It also issues immutable audit reports to certify smart contracts that no longer contain security risks or code errors.

The first five teams of Tier 1 will receive $100,000 each, which will be awarded in KLAY, while Tier 2 (the second five teams) and Tier 3 (the third five teams) will receive $50,000 and $30,000 worth of KLAY each.

The winning teams will also be promoted and listed on ‘DApp.com’ and ‘State of the DApps,’ which are also Klaytn’s partners. Over a dozen Klaytn-based BApps are already listed on both DApp.com and State of the Dapps. With the winning BApps to be additionally listed, we can expect to see a richer Klaytn ecosystem.

“We are excited to welcome prospective blockchain services in various industry domains including finance, entertainment, lifestyle, and technology,” said Chase Choi, the Head of Business. “Klaytn is going to provide the winning teams with full support on business and technical sides for successful service operation and mutual growth with us. To foster a healthy blockchain ecosystem, we also excluded gambling services,” he added.

For more information on the 15 winning projects, visit the official Klaytn Horizon webpage at www.klaytnhorizon.com.

 

SOURCE Klaytn

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Assured Asset Management Launches Supply Chain Finance Solution with Shui On Group

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Assured Asset Management Launches Supply Chain Finance Solution with Shui On Group

 

Assured Asset Management (“Assured”), a Hong Kong-based technology-driven asset manager, has launched its Traceable Accounts Payable (“TAP”) platform with the Shui On Group. TAP is a blockchain-based digital payment system backed by approved supplier account receivables and contract payables issued by anchor enterprises. The partnership aims to leverage TAP to illuminate transaction flows deep within Shui On’s construction supply chain.

TAP addresses a crucial pain point for business leaders: the lack of efficient, reliable and transparent methods for SMEs buried within supply chains to access liquidity. TAP leverages blockchain technology to record the transfer of goods and services and provides verifiable records of SME involvement in deep-tier anchor operations that enable access to liquidity regardless of SME size. TAP adds a new capacity for liquidity providers, banks and credit investors to access the yields of SMEs while using the credit profile of anchor enterprises through verifiable and immutable sourcing records.

Assured is partnering with the Shui On Group to integrate Assured’s core competency in financial technology development with Shui On’s Chinese construction supply chain to launch the platform. Together, the two firms aim to release a solution that benefits all stakeholders within Shui On’s supply chain, including Shui On, SME counterparties and financial institutions.

“Technology-enabled supply chain finance for small and medium enterprises is a significant growth opportunity in today’s financial industry,” said Robert Cheung, CEO of Assured Asset Management. “The TAP platform enables end-to-end financing within the entire supply chain using modern technologies to resolve the difficulties of SME credit risk assessment and address the unique financing needs of SMEs. We are delighted that Shui On resonates with the value of TAP and are excited for a great partnership going forward.”

“A robust supply chain is instrumental for Shui On. By creating an immutable audit trail, the TAP platform will benefit SMEs within our supply chain as well as our core business by illuminating transactions deep within our supply chain and reducing the risk of fraud and error,” said Allan Zhang, Executive Director of Shui On. “This partnership will provide a powerful solution to strengthen the overall efficiency and transparency of our construction supply chain. We see great long-term business value in adopting TAP to issue account receivables among our suppliers.”

Assured and Shui On will begin the onboarding process in December 2019 and anticipate opening the TAP platform for liquidity providers in Q1 2020.

 

SOURCE Assured Asset Management Limited

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