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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This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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