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Blockhive Partners With Agrello in New Crowdfunding Innovation

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Blockchain technology is enabling the borderless transfer of value in its simplest form without the interference of intermediaries. This is a property that has encouraged the effective fundraising processes being adopted by various startups and existing organizations for purposes of project development and expansion, as the case may be.

A new fundraising method

One of the latest fundraising methods being introduced into the industry is the Initial Loan Procurement (ILP) process. This system is similar to the more popular Initial Coin Offering (ICO) procedure, only that in this case, the funds are raised in the form of loans, rather than coins acquisition.

The more popular ICO system has exposed the industry to a lot of new opportunities that did not exist before now. Generally, the ICO process enables individuals from any part of the world to have direct investment access to opportunities that had hitherto been beyond their reach. Also, on the part of companies, it opened up new and easier sources, enabling them to get funding from anyone who gets interested in their projects from anywhere in the world in exchange for tokens.

Limitations of older methods

Despite the benefits of the ICO processes, the inherent limitations are becoming even more pronounced as numerous companies adopt the system, which is a subject of concern. For instance, the laws and regulations that are emanating from some countries are categorically unfriendly towards ICOs. The outright bans from China and the restriction of crypto-related ads by Facebook are some of the eventualities that are hampering the ICO processes. Besides, the search for appropriate tax implementation processes has also led to certain restrictions from countries like the United States. Some other countries even consider money raised through ICOs as income, therefore subjecting such to high taxing, even as much as 40% in some cases.

In finding a solution to these limitations, while retaining the benefits of Blockchain technology, Blockhive is partnering with Agrello to create an alternative model of decentralized fundraising that does not involve token purchase. This model implements a smart contract agreement between borrowers and creditors through a process known as Initial Loan Procurement (ILP). Being a loan, hence a debt, such contributions will not be bound by unreasonable tax systems, neither will they be bound by the various restrictions and challenges faced by ICOs.

KYC implementation

With a legally sound structure and proper KYC implementation procedures, the Blockhive system ensures proper fraud prevention and anti-money laundering. Each contract is recorded on the blockchain, thereby ensuring a transparent and immutable system that cannot be altered.

In other words, to have access and transact on the Blockhive platform, users must fully register and receive the protocol’s Future Loan Access Tokens (FLAT) as soon as they lend funds to the company. It is these tokens that will enable the transfer of loan agreements among users. The funds lent however are in the form of cryptocurrency, as those are the payment methods supported by the platform.

A robust partnership

Hence, Agrello’s ID and its binding loan agreement, coupled with Blockhive’s FLAT combine to form a robust decentralized loan platform. Therefore, instead of investing in tokens whose future depends largely on external market forces of demand rather than the fundamental organic growth of its parent company, the ILP system offers a different kind of benefit. This benefit involves a more guaranteed long-term interest, enabling creditors to earn 20% of the annual operational profits of Blockhive. A figure that could increase as more products gets developed on the platform.

 

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Blockchain Labs Introduces InfraBlockchain – the Blockchain Solution for Governments and Enterprises

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Blockchain

Blockchain Labs announced the launch of InfraBlockchain, highlighting its implementation flexibility to provide both a stable public blockchain and a scalable permissioned blockchain. The announcement gives a promising outlook into creating more blockchain-powered services in the real world.

According to Blockchain Labs, InfraBlockchain’s patented consensus mechanism makes it possible to design the network as a permissioned blockchain for internal uses, a consortium blockchain for limited group uses, or a completely public blockchain that openly invites anyone to participate. Furthermore, because of its consensus mechanism, InfraBlockchain supports a flexible transition from one network design to another, even after the network is up and running. In order to solve the blockchain technology’s innate problem of all data being recorded and shared publicly, InfraBlockchain also offers a selective anonymity feature that safely shields sensitive data, such as personal information, while maintaining the level of data integrity that only the blockchain technology can provide. Most importantly, InfraBlockchain was designed from the beginning to not involve any cryptocurrency (such as Bitcoin, Ethereum, Ripple, etc.). This is a celebratory news for many public sectors and enterprises, who were interested in the blockchain technology but were concerned about regulatory and accounting issues traditionally related to cryptocurrencies.

Since 2016, Blockchain Labs has been providing blockchain solutions to many services including Yosemite Card (a fee-less payment service for UC Berkeley students and local businesses in Berkeley, California), Godivart (an online artwork trading platform), and Comake (blockchain-based eContract service), to make the novel technology more widely accepted and used. However, recognizing the limitations of existing technologies, Blockchain Labs developed its own InfraBlockchain to address the technical problems that hindered blockchain’s mass adoption.

Conrad Um, the CEO of Blockchain Labs, commented, “The blockchain technology has a lot of characteristics similar to that of our society’s infrastructures, like roads and power grids. To build such underlying service platform that can benefit the countless number of users, it would require initial investment of time, money, and social consensus before we can see the technology’s effectiveness. However, just as other infrastructures in our society do, InfraBlockchain will greatly benefit businesses and organizations across all industries – starting with reducing the database management cost.”

Recently, Blockchain Labs was selected as the blockchain partner for the South Korean national government’s new project to develop a blockchain-based management and tracking system for a medical hemp production. Already having supplied the blockchain solution for RV-sharing platform for Seoul City earlier this year, Blockchain Labs looks to continue its expansion to bring more blockchain-based services.

ABOUT BLOCKCHAIN LABS

Blockchain Labs – based in Seoul, South Korea – is a parent company of California-based Yosemite X, and helps clients across the globe to reinvigorate existing products or power new business offerings using its patented blockchain technology. For more information about Blockchain Labs, please visit infrablockchain.com

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CoinAd.media has Launched Marketplace for Ad Crypto Services

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CoinAd.media

CoinAd.media has launched a crypto service Marketplace that provides solutions for any advertising and marketing tasks; focused on the cryptocurrency and blockchain market niches. Typical challenges and problems shall be eliminated instantly by connecting publishers and advertisers in the industry on a common platform designed to meet their needs.

Being in the market for three years we at CoinAd.media have studied requirements of the advertisers well enough, that is why we have collected in our Marketplace the most popular and requested crypto services.

For example, right now you can buy the News Distribution to Crypto Websites service with one click and select the site where you want to publish your PR story, news, article, press release or review. Immediately after payment, your PR story gets to the publisher, who will instantly publish it on its website.

The Marketplace offers you many discount packages for banner advertising at CoinAD.media. These discount packages will save your money in the present challenging time for business.

CoinAD.media – Crypto Advertising Network. Trusted by more than 170+ crypto related websites. Audience 100% Crypto! Create your ads using our advertising platform and generate top quality leads to your websites from our enormous publisher network.

Various options of Banner Discount Packages + News Distribution to Crypto Websites are also available in the marketplace which provides the opportunity to buy banners and publications on the web sites at a good and attractive price.

The marketplace of CoinAD.media accepts payments in EUR, USD, USDT, BTC, ETH, XRP, LTC as well as any Bank or Credit Cards. In cooperation with CoinPayments we provide immediate prompt receipt of payments in cryptocurrencies with one click within a couple of minutes.

Save your money with the CoinAd.media Marketplace, get convenient and good advertising service with one click in your browser or mobile phone. We’ll take care of the rest.

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AuBit announces 400,000,000 Freeway Token investment worth US$3.2m by GreenBank portfolio company

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Just two weeks following the public launch of the Freeway Token (FWT), AuBit (https://aubit.io) is delighted to announce that Staminier Limited, the GreenBank portfolio venture capital and investment company, has purchased 400,000,000 Freeway Tokens as the first step in a planned collaboration. GreenBank (https://greenbankcapitalinc.com) is a merchant banking business listed on the Canadian Securities Exchange, the Frankfurt Boerse, and the OTC Markets in the USA and invests in exponential growth companies.

Freeway Tokens trade on popular cryptocurrency platforms Bithumb Global and Uniswap with a strictly limited supply of only 10bn. The mid-market price at 8 am GMT this morning as reported on CoinGecko (https://www.coingecko.com/en/coins/freeway-token) values Staminier’s holding of Freeway Tokens at approximately US$3.2m.

Staminier’s holding of Freeway Tokens is subject to lock-in provisions which mean that it cannot release any part of its holding until April 2021 when 60m tokens become saleable. The final proportion of 50m tokens becomes freely saleable in January 2023.

The Freeway Token is designed to fuel operations of its ground-breaking asset management platform that harnesses the power of network effects to generate increased total returns for users by distributing 80% of its trading revenues for the benefit of all users. When a user trades an AuBit-networked product, 80% of transaction revenues are automatically redistributed back to every product holder. For example, a user’s holding in an AuBit-networked gold bullion product increases every time anyone, anywhere in the world, trades that same product.

This network-enhanced asset growth brings the potential for greater total returns with no additional risk on the world’s top investment products. The network effect compounds as more and more users trade on the platform. According to a study from NFX, network effects are responsible for 70% of the value of big tech unicorns in the past 23 years.

AuBit’s management team and advisors have worked at some of the largest financial and technology companies in the world including Goldman Sachs, HSBC, Fidelity, Credit Suisse, Morgan Stanley, IBM, Google, and The Prudential.

It is planned that GreenBank will provide merchant banking services to AuBit in a bid to list AuBit products on the Canadian Stock Exchange as well as other exchanges using special purpose vehicles. The collaboration is a boost to AuBit’s plan to roll-out their disruptive FinTech model to more than 180 countries worldwide, especially into Canada and the USA.

Commenting on the investment by GreenBank’s portfolio company, Sadie Hutton, Founder & co-CEO of AuBit said, “the 400,000,000 Freeway Token investment by Staminier is further proof of AuBit’s billion-dollar disruptive potential in the trillion-dollar asset management industry as we focus our attention on the upcoming launch of the Freeway Platform in more than 180 countries worldwide. Independently verified simulations show AuBit users can achieve as much as 75% additional gains per year above the market benchmark, with no extra risk — something no other platform has ever been able to offer. We’re confident that our collaboration with GreenBank, as well as the early acquisition of FWT, will prove beneficial for everyone.”

David Lonsdale CEO of GreenBank added, “as one of the first public companies to recognise the importance of blockchain technology in relation to financial transactions, GreenBank Capital is hugely excited about the prospects for Staminier’s long term Freeway Token investment. The multi-trillion-dollar global asset management industry continues to grow each year, but has barely changed in decades and is ideally suited for AuBit’s new technology that could change asset management forever by building a true bridge from the traditional world of capital markets to the new world of digital and decentralized finance and make mass global adoption a reality. We intend to help AuBit in that quest by pursuing with them projects to list special purpose vehicles on internationally-recognised stock exchanges as a way of allowing a wider audience of investors to gain exposure to AuBit’s revolutionary products.

Here at Greenbank, one of our declared objectives (and the objectives of the investment companies in our portfolio) is to invest in and work with companies that can scale globally and have a valuation potential of at least $1b. We believe AuBit fits those criteria very well indeed”.

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Mphasis and R3 Partner to Develop a Blockchain-Based Payments and Financing Network for Global Supply Chains

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Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its partnership with R3, a leading global enterprise software firm, to jointly create innovative blockchain-enabled payment solutions and take them to market. Leveraging R3’s blockchain platform, Corda, Mphasis is strategically extending its Payments and Trade Finance technology solutions portfolio.

The partnership will focus on the acceleration of ALTATM, the digital payments and supply chain finance ecosystem formed by Mphasis to connect global enterprises, their supply chains, and a wide range of financial services and infrastructure providers into a modern value transfer network for global trade. The solution will provide Mphasis customers with access to a suite of next generation payments, working capital, and Foreign Exchange services that can be seamlessly deployed on Corda. Corda is a blockchain platform that removes costly friction in business transactions across every industry, from financial services and healthcare to oil and gas. It enables institutions to transact directly using smart contracts, while ensuring the highest levels of privacy and security.

Recent events have highlighted the critical role that financial resilience plays in the sustainability of every supply chain, and the structural gaps that still exist in how financing is traditionally deployed. The innovative collaboration with R3 will allow small and medium sized businesses – who are typically the weakest link in most supply chains – to easily and digitally access working capital and other financial services that will help bolster and strengthen the entire supply chain. Due to the scalability, low-latency and encrypted environment in which Corda operates, the solution is optimized for business cases requiring institutional grade controls in reliability and availability.

“Through the ALTATM Payments Innovation Program – a part of the Sparkle Innovation Lab –, we have been working on various ways to transform traditional trade assets into tokenized, liquid instruments that can serve as the basis for a new digital, networked value transfer ecosystem,” said Srikumar Ramanathan, Senior Vice President & Global head – Industry Solutions Group (ISG), Mphasis. “The partnership with R3 will allow us to accelerate co-development and go-to-market on the Corda platform.”

By implementing a network-based model in what has traditionally been a linear, point-to-point approach, enterprises and their supply chains can unlock much needed working capital, while banks and financiers can significantly increase return on risk weighted assets (RWA) and scale supplier adoption.

“To support a meaningful and sustainable re-activation of global supply chains, we must embrace more flexible, efficient, and resilient models that enable a higher level of visibility and collaboration between banks, buyers, and suppliers. We are thrilled to be working jointly with Mphasis to create innovative blockchain-based payments solutions,” said Dorothy Copeland, Global head of Alliance and Ecosystems, R3.

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BlocPal Partners with Shashank Joshi to Form mBnk, Phygital Financial Marketplace for India

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Shashank Joshi, a renowned entrepreneur in India, and BlocPal International Inc have today announced their partnership to form a new India based fintech company, mBnk. The company will initially focus on enabling premium retailer locations in rural and semi-urban areas across the country to provide essential financial and banking services to their communities. Of a total population of 1.4 billion people in India, 900 million live in rural or semi-urban areas. The country persistently remains a cash economy with a huge addressable market of 840 million people either unbanked or underbanked. Access to banking services in India continues to be challenging with supply of only 22 ATMs per 100,000 adults in India. By comparison, the United States has 174 ATMs per 100,000 adults, Russia has 161, Brazil has 105, and China has 97.

mBnk plans to leapfrog this critical problem by leveraging Shashank and his team’s industry success and longstanding relationships together with BlocPal’s digital transaction platform. The mBnk digital retail solution will deliver a financial marketplace that enables retailers to offer their customers “mini-banking” financial services including the ability to deposit and withdraw cash, execute domestic money transfers, purchase pre-paid credit cards, buy air-time and pay for utilities. mBnk will continue to enhance services, providing access to more sophisticated banking and financial services for the marketplace.

As the retailer network grows, mBnk will further extend financial services directly to citizens of India and their family and friends abroad with a consumer digital wallet application, creating a more connected physical retailer and consumer experience. Consumers will have instant access to financial services through their own smartphone devices.

Shashank Joshi, founder and former CEO of Money on Mobile, is one of Mumbai’s most prestigious serial entrepreneurs. He brings to mBnk his vast experience in building fintech businesses as well as his strong relationships with physical merchant networks, banks, and strategic service providers in India. When Shashank resigned from Money on Mobile in 2016, the company achieved a subscriber base of 153 million and over 300,000 retail partners. “Our goal is to build a network of retailer partnerships across the rural population of India where essential financial services are within a 5 km reach to every community. This project is not only an amazing entrepreneurial challenge, but represents, for me, a chance to truly improve the lives of millions of deserving people across the country. I am thrilled to be undertaking this challenge with the help of BlocPal and their advanced digital platform.”

BlocPal is a major stakeholder in mBnk, providing technology, investment capital and strategic management. The retailer and consumer digital wallet solutions for mBnk use BlocPal’s scalable digital wallet and blockchain platform which is deployed today for similar enterprise projects in Mexico and First Nations in Canada. The mBnk solution also includes custom features and 3rd party service integrations driven by Shashank’s requirements and vision. “We have found a tremendous partner in Shashank and his team to financially empower the underserved population in India. We believe India is one of the biggest market opportunities for financial services globally,” explained Nick Mellios, founder and CEO of BlocPal.

About Shashank Joshi
Shashank Joshi can be epitomized as a serial entrepreneur based in Mumbai. With a rich professional experience of over 25 years spanning domains such as digital payments, e-commerce, IT and ITES, outsourcing, transition and management consulting, Shashank inspires people to convert challenges to opportunities in both life and business. Named as one of the most promising entrepreneurs in India, he derives his energy from creative entrepreneurial ideas, collaborative strategy and by harnessing varied talent to achieve business success.

About BlocPal International Inc.
BlocPal’s vision is to provide the world a simple, fast, and secure digital transaction platform that allows anyone to transact in their currency or asset of choice. A leader in the emerging digital economy, BlocPal empowers consumers, merchants, and enterprise customers to participate now in this digital economy, which includes both fiat and cryptocurrencies. At the core of BlocPal’s service is its decentralized blockchain transaction technology, which enables any currency or asset to be digitally signed and traded while complying with established financial regulations.

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Verde Leaf Signs Deal with TRACE for Supply Chain Traceability Services

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Blockchain Consortium

Verde Leaf, one of the nation’s rising vertically integrated industrial hemp companies, has partnered with Trace, a leading tracking solution for the industrial hemp business. This move is set to scale operations, manage traceability in its supply chain and support the company’s aggressive growth. The collaboration between Trace, the US’s most advanced soil-to-shelf tracking solution for traceability and supply chain monitoring technology is certain to redefine supply-chain visibility in the hemp industry and agro-industry at large alongside Verde Leaf™.

The widely publicized failures within the current systems deployed in the United States have slowed growth in the industry and have hindered regulator’s efforts to properly oversee the process, further complicating expansion into additional markets. As more states pass adult-use legislation the need for creating a properly functioning tracking and regulatory system that can scale in security, volume and complexity without affecting performance becomes paramount.

Trace leverages the power of Ethereum-based blockchain technology to secure crucial information and remove the potential for altering accurate information, all while enhancing public and regulatory trust. Whereas blockchain uses encryption to guarantee the immutability of transactions, Verde Leaf™ leverages Trace’s technology to guarantee the uniqueness of product identity. In parallel, centralized processing of serialized unique ID’s allows for massively scalable performance. Trace works alongside government and commercial entities to empower consumer confidence, drive operational performance, and lay the technological infrastructure for the emerging hemp and cannabis industries.

The partnership between Trace and Verde Leaf™ combines the best of both paradigms moving forward: both government and private sector alike will have access to unparalleled security, monitoring, and insight into their hemp supply chains.

“We are excited to bring Trace’s proprietary technology to Verde Leaf™’s which will bring scalable traceability to the hemp industry,” said Joshua Decatur, CEO of Trace. “Trace isn’t just another MRP system. We have been on the forefront for a couple years now and We set out to address the consensus opinion that existing solutions were subpar, hindered private market growth and complicated regulators’ lives. At the end of the day, it’s consumers that suffer the consequences. We look forward to continuing our mission of bringing truth and transparency to Verde Leaf™ supply chain.” Dr. Jackson Garth, VP, Sales & Marketing of Verde Leaf™, chose TRACE only after a thorough evaluation. “We thoroughly researched TRACE and required a set of scenarios to test their scalability, their ability to integrate into partner systems including point-of-sale, as well as support and training capabilities,” Garth said. “They delivered on every benchmark and impressed us with their responsive enterprise-level capabilities – we’re confident it’s the perfect fit for Verde Leaf™.”

About Verde Leaf
Verde Leaf™ is one of the hemp industry’s first vertically integrated hemp companies that created solutions for the farmer, business owners, and consumers. We solve some of the critical challenges in the emerging hemp industry by assisting farmers with license acquisition, hemp cultivation and processing, and filling the knowledge gap with our network of seasoned hemp farmers and specialists across the Southeast. Moreover, by securing exclusive contracts with farmers, Verde Leaf™ ensures that hemp products sold to consumers have unprecedented clarity, consistency, and data available for products they are purchasing. By controlling our supply chain seed-to-sell, Verde Leaf gives customers assurance and confidence in the superior quality of our consumable and non-consumable product lines.

About Trace
Trace delivers soil-to-shelf supply chain transparency through our custom-fit software solutions that are homegrown in cannabis. With our industry-tested product development and blockchain-enabled data integrity, Trace works alongside government and commercial entities to empower consumer confidence, drive operational performance, and ultimately speak truth to flower. For more information visit www.tracevt.com.

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Everipedia to use Chainlink infrastructure for election night race calls

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Chainlink

Everipedia, a market leading blockchain knowledge company has integrated with Chainlink, the largest decentralized oracle network in the world, to build oracle infrastructure to sign and publish US election race calls on the blockchain. The Everipedia Chainlink node will provide smart contracts access to U.S. election data backed by a cryptographic proof that can be used to verify the data from our node comes directly from the original Associated Press API to which Everipedia has exclusive, authenticated access. With this verifiable data available on-chain, smart contract developers can create new financial products based on the outcome of the upcoming U.S. presidential election, such as prediction markets, derivatives and beyond, all of which can be created, executed and settled with the utmost reliability.

This integration is made possible by leveraging Chainlink’s oracle infrastructure to allow the Associated Press to sign and publish U.S. election results simultaneously across multiple different blockchains. By making high-quality data available on-chain from the likes of the Associated Press and providing strong guarantees on the origin of such data, our Chainlink node enables a new world of use cases for both DeFi and beyond.

Chainlink already supports dozens of blockchains and as its ecosystem continues to grow, Everipedia will keep expanding its services as well.

“Chainlink is bridging the technical gap between blockchains and real world data,” said Daniel Kochis, Head of Business Development at Chainlink. “Making this powerful technology more accessible is key to realizing its full potential, and publishing the AP’s electoral race calls onto the blockchain for the first time is a big milestone in that journey. It will provide a verifiable, tamper-proof record for tracking a historic election.”

As blockchains grow in potential and use in the coming years, the need for information from the outside world to execute transactions on the blockchain will continue to grow. Having trusted and reliable sources that these blockchains can use will be essential for moving the space forward. By having world-renowned organizations sign and publish their data through Everipedia and built on Chainlink, we will be able to build more trust in the ecosystem and beyond.

“We will be making history as the first to directly sign AP’s race calls and publish for blockchain use. We could not have picked a better partner in this than Chainlink,” says David Liebowitz, VP of Business Development at Everipedia.

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ExCore’s sale is LIVE

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ExCore

ExCore Sales and Impressive Staking

ExCore is a new and rapidly growing cryptocurrency that stands to eliminate inflation. Because there is a finite supply and no new tokens will ever be released, your investment in ExCore will never significantly drop from controllable causes. Right now, ExCore is in the middle of their private sale, but will release their public sale and staking platform next week on October 21. ExCore is a company that all keen investors should keep an eye on.

Private Sale

Today (October 14), ExCore launched their private sale to their whitelisted members. The sale is ongoing and takes place on Bounce, a secure medium used for crypto transactions in presales. It currently is about 25% full, and will go on until 10/17 or until the hard cap of $100,000 is reached.

You can participate via this link: https://bounce.finance/join/swap/3669 and this PASSWORD: excore2020

There are guides in ExCores telegram groups (Link can be found at bottom of this page) that explain in detail how to use the bounce platform.

Public sale

On October 21, the public presale will launch with a hard cap of $800,000 worth of ETH. Everyone will be able to participate in this sale as long as they have a metamask wallet. The minimum requirement for this sale will be 1 ETH, but keep in mind there will be gas fees, so you will need to have some extra in your account.

Staking

On the same day as the public presale, ExCores staking platform will also launch. Their staking platform offers an impressive 550% APY that will come from fees from every transaction on the ExCore network. To stake your tokens, there will be a 1% fee to stake your tokens as well as a 1.5% fee to unstake them, but staking for even just one day will be enough to cover these fees.

Summary

Not only does ExCore make for a great investment with their anti-inflation protocol, but if you also stake your ExCore you will be looking at some very nice returns. ExCore is without a doubt one of the best crypto investment options of 2020 and the sooner you get in, the better rates you will be able to buy at. The ExCore team is currently marketing everywhere they possibly can, so once the word gets out it will no longer be possible to buy tokens at this discounted price.

ExCore Links:

Here, you can find a few very helpful links, but most importantly the link to Github. This verifies the integrity of ExCore through our open source code (that anyone can see!).

Github: https://github.com/ExCoreFinance

Website: https://www.exvault.finance/

Telegram: https://t.me/excorevault

Twitter: https://twitter.com/ExCoreVault

Medium: https://medium.com/@excorefinance

Contract address: 0x87D3646B101977de0D2D58dfC5A70e84767A1909

Staking contract address: 0x28Ea47E0ff753AE99eE5241f468817Db6C476d

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Avient Biosciences Launches Largest Cannabinoid Research and Extraction Campus in Eastern U.S.

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Avient Biosciences officially launched its 200,000-square-foot industrial hemp research and extraction facility in North Carolina’s Research Triangle region this week. Designed for full cGMP compliance (21 CFR Parts 210 and 211), Avient’s 36-acre campus includes pharmaceutical- and food-grade research and production suites, on-site analytical testing laboratories, and climate-controlled biomass storage facilities. Avient will offer a wide array of high-quality cannabinoid ingredients to global pharmaceutical, nutraceutical, food and beverage, and cosmetic companies that are ready to leverage the anecdotal health and medical benefits of CBD in their products. Valued at $2.8 billion in 2019, the U.S. cannabinoid market is projected to grow by more than 50% by 2026.1

Committed to compliance, Avient’s initial team has more than 175 years of combined cGMP/pharmaceutical experience and is on track for EU GMP, ISO 9001, Kosher and Halal certifications by early 2021. Every industrial hemp shipment received has its Certificate of Analysis (COA) reviewed by the company’s quality team to ensure it meets Avient’s strict specifications as well as those of key regulatory authorities. All of Avient’s extracted CBD is tested by an external ISO-17025-certified Analytical Testing Laboratory to confirm the samples meet all Avient specifications before being shipped to the customer.

To ensure compliant genetics, the company’s affiliate seed company produces industrial hemp varieties that maximize CBD content while minimizing THC concentration, ensuring it is below the legal amount of 0.3%. Avient maintains a focus on the agronomics of industrial hemp cultivation with rigorous soil and tissue sample testing throughout the growing season.

“We built Avient Biosciences to be the premier industrial hemp extraction company with deep expertise in quality, research, compliance and production,” said Miles Wright, CEO. “Equally important, we built Avient from the ground up to be a name equated with trust and business success. As a science-first company dedicated to advancing the therapeutic benefits of cannabinoids, we provide clients with a wide array of safe, reliable and efficacious cannabinoid ingredients they can use to expand business success.”

To ensure full trackability and transparency from seed to shelf, Avient has partnered with Rymedi, an AI blockchain technology pioneer within the healthcare and pharmaceutical industries. To date, no other cannabinoid producer in the U.S. has incorporated blockchain technology into its supply chain process.

“When choosing clients, we look for character, integrity and an innovative spirit, especially in emerging markets,” said David Stefanich, PhD, co-founder and CEO of Rymedi. “Our partnership with Avient Biosciences comprises all of these aspects and many more. The leadership team has a diverse background and brings broad insights to market challenges. Avient’s operations team draws upon decades of experience, and the company’s product vision is second-to-none as it leverages a pharmacovigilance approach into a promising product space.

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Canadian Pacific joins TradeLens blockchain shipping platform

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Canadian Pacific announced it has joined TradeLens, a blockchain-based platform that enables the secure and transparent transfer of container-shipping documents. This open-API platform will help CP intermodal shippers create, amend and share documents with other supply chain participants, including consignees, beneficial cargo owners, customs agencies, dray operators and steamship lines.

“CP is pleased to join TradeLens as part of its efforts to improve the customer experience through technological innovation,” said CP Vice-President and Chief Information Officer Mike Redeker. “Global shipping is a profoundly complex business and TradeLens is improving the information-sharing processes that support the industry. CP is always innovating for the benefit of its customers, and joining TradeLens is an example of that innovation.”

TradeLens was developed by IBM and A.P. Moller-Maersk specifically for use in the container-shipping industry. It currently handles more than 700 million events and 6 million documents annually. The system integrates with users’ in-house systems via non-proprietary, publicly available APIs designed for ease of setup and use.

Note on forward-looking information

This news release contains certain forward-looking information and forward-looking statements (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information includes, but is not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking information may contain statements with words or headings such as “will”, “anticipate”, “believe”, “expect”, “plan”, “should” or similar words suggesting future outcomes.

This news release contains forward-looking information relating, but not limited to, our operations, priorities and plans, and the anticipated future benefits to CP’s customers of the TradeLens platform.

The forward-looking information contained in this news release is based on current expectations of the operability and functionality of TradeLens, which CP and its intermodal shippers create, including the ability to amend and share documents with other supply-chain participants, including consignees, beneficial cargo owners, customs agencies, dray operators and steamship lines. Although CP believes the expectations, estimates, projections and assumptions reflected in the forward-looking information presented herein are reasonable as of the date of this release, there can be no assurance that they will prove to be correct. Current conditions, economic and otherwise, render assumptions, although reasonable when made, subject to greater uncertainty.

Undue reliance should not be placed on forward-looking information as actual results may differ materially from those expressed or implied by forward-looking information. By its nature, CP’s forward-looking information involves inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking information including, but not limited to, the following factors: changes in business strategies; operability of TradeLens with CP intermodal shippers; ability of customers to amend and share documents with other supply-chain participants, including consignees, beneficial cargo owners, customs agencies, dray operators and steamship lines; changes in laws, regulations and government policies, including privacy policies; trade restrictions or other changes to international trade arrangements; various events that could disrupt operations, including cybersecurity attacks, as well as security threats and governmental response to them, and technological changes; and the pandemic created by the outbreak of the novel strain of coronavirus (and the disease known as COVID-19) and resulting effects on economic conditions, the demand environment for logistics requirements and energy prices, restrictions imposed by public health authorities or governments, fiscal and monetary policy responses by governments and financial institutions and disruptions to global supply chains. The foregoing list of factors is not exhaustive. These and other factors are detailed from time to time in reports filed by CP with securities regulators in Canada and the United States. Reference should be made to “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Forward-Looking Statements” in CP’s annual and interim reports on Form 10-K and 10-Q.

The forward-looking information contained in this news release is made as of the date hereof. Except as required by law, CP undertakes no obligation to update publicly or otherwise revise any forward-looking information, or the foregoing assumptions and risks affecting such forward-looking information, whether as a result of new information, future events or otherwise.

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