Blockchain
Illumishare launches presale of its $SRG token, backed by 24/7 live-streamed gold in Abu-Dhabi
Illumishare, a blockchain-based digital asset management ecosystem, announces the official presale of its Abu-Dhabi-licensed $SRG token, which will begin after its unveiling event in Dubai on November 22. The token is backed by 3 uncorrelated assets including gold, stored in a safe room at a bank in Abu-Dhabi and broadcast live 24/7.
The unveiling event will see the participation of his highness, ministers of the Emirate government, among respected business partners such as former JP Morgan VP Jason Tay, former CEO of Dubai Gold & Commodities Exchange Les Male, Polygon SVP Dalip Tyagi, former BlackRock executive David Munoz.
Consumer prices rose in 2021 at the fastest pace in 39 years, resulting in warnings such as major hedge fund Elliott Management claims that the global economy is at risk of crippling hyperinflation and conditions “that would be at or beyond the boundaries of the entire post-WWII period.” As consumers seek reliable alternatives to fiat currency, gold and other uncorrelated assets will serve as effective ways to retain the value of their money.
Designed to offer consumers a reliable inflation hedge and unprecedented financial security, Illumishare’s $SRG token is not a stablecoin as it is backed by three uncorrelated assets: gold, a cash recovery fund, and technology.
- Gold – Illumishare keeps a physical gold reserve in Abu-Dhabi equivalent to a percentage of the all-time high Market Cap.
- Cash – Meanwhile, a cash reserve is built from the margins between the gold market price and the gold price Illumishare pays, which will be used automatically for aggressive marketing.
- Tech – An auto burn mechanism, assets-backed NFT marketplace, staking mechanism, and payment gateway act as the third insurance mechanism.
In Q2 of 2023, Illumishare will launch its asset-backed NFT marketplace, which will only work with certified companies dedicated to tokenizing real estate assets, gold and diamond certifications, gold and diamond mines, and agricultural plants. The marketplace will incorporate the latest anti-fraud system, that will scan every NFT uploaded by creators and remove every scam project to keep our users safe, to ensure every project offered on the platform is 100% genuine.
“Only 4.23% of the world population has adopted crypto so far, and that’s because of failing projects and a lack of transparency and honesty that plagues the ecosystem,” says Ben Sharon, Co-Founder and CEO of Illumishare. “Through a combination of human capital, technology, cash and gold, we have created a new transparent economy driven by innovation that doesn’t discount the historic security of uncorrelated assets.”
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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Blockchain
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