Blockchain
Amnext Launches their Prize Pools Series to Save Cryptocurrencies for Users
Amnext brings a revolution in classic saving methods by launching multiple No Loss Prize Pools where users can easily save Cryptocurrencies and gain the possibility to earn direct and passive incomes with lower risks.
Amnext is solving the ever-evolving issues of standard lottery systems which are created to produce profit without considering the negatives they bring. For example, CNBC reported that in the United States, “Spending on lotto tickets adds up to about $1,038 each year per consumer, according to a recent survey commissioned by Bankrate of over 2,300 U.S. adults”. (Leonhardt, 2019). A study conducted by Ann Carnahan talks about Compulsive Gambling in lotteries: “There is growing evidence that the new games the lotteries have introduced to increase sales are more addictive, and are compounding the problem of compulsive gamblers. Dr. Lance Dodes, Director of the Center for Problem Gambling at Mt. Auburn Hospital in Cambridge Massachusetts, estimates that 40% of his patients are lottery players.”
This is something that Amnext has set out to solve.
The No Loss Prize Pools has been developed on the Binance Smart Chain, bringing to the world a fun and easy way to save money and gain profits. The creators combined the power of Blockchain and DeFi with a Lottery to create something unique and helpful for saving money and winning at the same time.
The platform allows all individuals the possibility of earning passive income through multiple methods. The first method is the AMC Machine, which provides a standard high-interest yield in $AMC tokens. The second one lets users save money by depositing funds into the No Loss Prize Pools and receiving back No Loss Tickets, which entitle them to win prizes until they decide to withdraw the funds. Thus, the lucky winners get the pool prizes and their tickets back at the end of each prize draw. However, this game is unique because players who don’t win also get their tickets back. Thus, everyone involved keeps their money safe. The Amnext Prize Pools uses a smart system to fund the prizes, the funds deposited earn interest in staking pools and at the end of each day, it is accrued to generate the jackpots. The third feature that has been designed is the Lifetime Lottery system. This allows investors to buy lifetime tickets and create affiliate networks that bring them direct and passive incomes. Something unique and straightforward happens; the participants acquire an infinite chance to win and the right to participate in the lottery drawings forever.
Features Overview
- No Loss Prize Pool: The No Loss Prize Pool is composed of pools of funds whose accrued interest is distributed as prizes. The concept is well-established and otherwise known as “Prize Linked Savings Account”. All prize games created by the protocol share the same fundamental characteristics.
- Lifetime Ticket: Lottery tickets that are valid for life. Users can buy lifetime tickets and get the opportunity to win grand prizes for the rest of their life as well as gain profits thanks to the articulated network marketing system.
- Yield Sources: Amnext has a staking protocol named AMC Machine; it is used as the yield prize generator for the AMC Lifetime Pool and the primary AMC No Loss Prize Pool. Other Prize Pools use the Venus Protocol yield sources and the PancakeSwap syrup pool as yield prize generators.
- Loot Box: The Loot Box is an incentive in AMC tokens, added to the Grand Prizes of the Prize Pools. The Loot Box is generated from 20% of the AMC minted per block.
- AMC Machine: Users can stake AMC Tokens and generate more AMC to increase their profits significantly.
Fabio Pizzingrilli, the CEO said, “The Amnext ecosystem is built around two concepts; change the entire lottery system and offer people around the world a safe and easy way to save money and earn profits.”
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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