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
Blockchain
$FAR Token ranks first on Bybit exchange and soars to 44%following staking program launch: Coingecko
Farcana — United Arab Emirates based Bitcoin shooter game, has announced that its $FAR token is now ranked first on Bybit exchange. This development comes after the launch of its staking program, which offers users a 60% annual percentage rate (APR) on their $FAR tokens.
The staking program requires users to utilize the Polygon network for staking their announcement. Following the announcement, $FAR token soared to 44% according to Coingecko.
Founded in 2022, Farcana recently raised $10 million in seed funding from Animoca Brands, Polygon Ventures, Fenbushi Capital, and Merit Circle among others. It is built on Unreal Engine 5 and Farcana shares a similar graphical style with Overwatch, a team-based multiplayer first-person shooter game by Blizzard Entertainment. The game is understood to operate under a free-to-play model.
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A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
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