Blockchain
Hanryu Bank, After the Announcement of NASDAQ IPO, Revealed Its Blockchain Reward System ‘FANTOO’ … Digital Asset Rewards Given for Fan Activities
‘FANTOO’ the global fandom networking platform of Hanryu Bank announced the Blockchain-integrated rewarding system that rewards virtual assets based on the contribution ratio of the fandom activities.
Nowadays, fangirling or fanboying, which means fandom activities, could earn profit. The fandom activities and its corresponding rewards system are newly introduced by collaborating with blockchain.
This is following the announcement of Hanryu Bank’s IPO promotion for listing on NASDAQ in the U.S. on the 22nd, and Hanryu Bank said it will officially submit listing-related documents to the U.S. SEC and hold a face-to-face roadshow for IPO in the U.S.
For the FANTOO reward system, its subscriptions and downloads are rising rapidly as the collaboration between FANTOO and blockchain created a synergy of the increasing value of FANTOO.
FANTOO users can earn KDG (stable token circulated in FANTOO) by participating in the community activities such as uploading content, clicking the like button, and the KDG can be exchanged to the governance token KDC.
Swapping KDG into KDC through FANTOO BANK is possible, and KDC can be directly traded in listed exchanges. KDC has officially listed on global exchanges LBank and XT.COM, so it is possible to earn profit through fandom activities.
Particularly, in the case of governance token KDC, discussions are actively underway with leading domestic and foreign exchanges for additional listing, and additional listing of KDC is scheduled within this year.
KDG can be used in various platforms of Hanryu Bank such as the simple payment platform ‘FANTOO BANK PAY’ and relaying NFT platform ‘FANTOO NFT’. As it is based on the Korean Wave fandom, it plans to allow not only domestic but also overseas global users to use it all over the world without borders.
50% of the advertising profits of the FANTOO platform is deposited, and KDG is issued as much as the remaining 50% and distributed fairly to users.
The Hanryu Bank official explained its reason and background for the collaboration with blockchain saying, “While existing content platforms such as YouTube are rewarding creators only, FANTOO will be the first case in which not only creators but also consumers will be rewarded as contributors to the community by giving rewards to community participants.”
Also said:” The U.S NASDAQ listing will be an opportunity for our global Korean Wave platform FANTOO to promote in U.S market and become the global Korean Wave platform simultaneously. And to meet the expectations of users, we will quickly proceed with the listing process so that we can continue to invest as well as upgrade various contents and services.”
Meanwhile, as FANTOO towards global service as a social networking platform for 100 million global fans all over the world, global users are possible to conveniently communicate with each other and perform fandom activities with in-time translation function in all services.
SOURCE Hanryu Bank
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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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