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How Blockchain Can Make Loyalty Programs Valuable

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In today’s business market, there are certain things companies do in order to gain customers. Having a top of the line website with a user-friendly mobile application is an example. Active and lively social media pages is another. When customers see these features, they provide confidence in the quality and validity of the company.

Recently, customer reward programs have joined this list, perhaps at the top. As customers, we love getting rewarded for frequent use. In turn, the company benefits because the loyalty programs can keep customers from buying from a rival business. Also, these reward programs can provide companies with valuable customer data. Perhaps the best examples of this are credit card points and airline miles.

But as this feature of business grows, so do the inefficiencies. For example, these are extremely expensive endeavors. Think of all the manpower that is needed just to manage the day to day operations of an airlines reward program. They are also exclusive. If you’re a business with a leading brand name, you don’t want to be attached via a loyalty program to a lesser or competing brand. This isolates only the richest of companies and isolates those without the same amount of funds.

The answer to these deficiencies? Blockchain.

Sandblock (SAT) is a blockchain built on Ethereum that is making it possible for small businesses to join in on big company loyalty programs. Through Sandblock, businesses can give out loyalty rewards, points, and incentives in the form of a cryptocurrency. There are a couple main advantages to using cryptocurrency as a loyalty reward.

Cryptocurrencies are based on a distributed ledger called blockchain. This is in contrast to the traditional method of currency, which is centralized by banks, agencies, and governments. The result is minimal to no external interference or transaction fees. This is especially helpful to small businesses as loyalty points are already expensive.

 

 

Another appeal to cryptocurrencies is the global value they possess. With traditional loyalty programs or even local currencies, you are limited to your geographical location. With cryptocurrencies, they are globally accepted and valued.

Many will use this as a chance to bring up the volatility of cryptocurrencies. Arguably the most compelling argument against cryptocurrencies, volatility keeps many from adopting the revolutionary tokenized assets. However, when given as a reward for customer loyalty, the risk of cryptocurrency is one well worth taking.

Sandblock Brings Merchants Together and Keeps Consumers Safe

Each individual company creating their own token would be wasteful of valuable time and resources. This is why Sandblock built a consortium using the SAT. An ERC20 token, SAT is Sandblock’s share currency and is the index that the individual companies personally branded tokens are based on. Instead of creating their own token, each company has their own Branded Token pegged to the SAT. This helps prevent the volatility of each individual merchant’s token. In other words, each company is participating in the ecosystem through the medium of the SAT.

The power of blockchain is utilized through the transparency and security that is provided. One of the major reasons why companies participate in loyalty programs is because it requires customers to give valuable information regarding purchasing habits. However, one reason why many consumers don’t sign up for loyalty programs is that they don’t want their personal information getting into the wrong hands.

With blockchain, both problems are solved. The distributed ledger provides the transparency required for the companies, with the security desired on behalf of the consumer. The data is encrypted, only revealing the necessary analytics. No personal information is shared.

All of this takes place through the Sandblock mobile app. It’s what consumers can use to easily sign up for and track their rewards.

Sandblock is yet another way that blockchain is being applied to existing programs, industries and business practices. The revolutionary technology of blockchain, recently through Sandblock, is fundamentally changing the way people interact and respond, both as consumers and vendors.

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Blockchain

Kaizen Finance Launches Staking to Foster the Widespread Adoption of DeFi

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DeFi

Kaizen Finance, a decentralized finance platform with cross-blockchain interoperable protocol, announces the launch of Kaizen staking.

Kaizen staking is based on Kaizen protocol, a new generation DeFi protocol, which addresses major impediments to accessing DeFi services such as impermanent loss, hidden fees and high transaction costs which prevent DeFi from being inclusive of millions of users.

To promote DeFi adoption, Kaizen Finance currently offers up to 80% APY for major stablecoins like USDT, BUSD, USDC and DAI with a minimal lockup period of 6 months within its staking service. Kaizen Finance does not charge users any fees for staking their income.

Kaizen protocol is an automated liquidity protocol, which provides three main advantages:

  • Low commissions
  • Utilization of Oracle-Governed pools
  • Easy-to-use tools for broader usage

Kaizen protocol in combination with intuitive design of the platform, allows users to easily navigate DeFi services and enables the platform to provide users opportunities to earn some of the highest guaranteed returns on the market for holding stablecoin assets. Precise price oracle system, which takes into account the external market feeds is another distinctive feature that sets Kaizen Finance apart from conventional DeFi platforms.

Kaizen staking operates on the basis of stablecoin to provide asset security. The value of stablecoins is pegged to USD, providing minimal risks of volatility and reducing risks of losing asset value. Kaizen staking leverages the full security potential of decentralized finance, therefore the rewards are generated and transferred automatically and no entity can meddle with them.

Kaizen Finance launched the Kaizen swapping service earlier this year introducing the ability to swap USDT and ETH for tokens of pioneering products and services.

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Huobi Charity Receives Formal Status as a Registered Charity in Gibraltar

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Huobi Group

Huobi Charity Limited (“Huobi Charity”), a philanthropic arm and blockchain-based charity platform of Huobi Group, today announced that it has obtained approval from the Board of Charity Commissioner for Gibraltar (“the Board”) to operate as a registered and fully regulated charitable organization. As a formally recognized charity, Huobi Charity will be able to accept fiat and digital asset contributions from different entities and conduct various philanthropic activities to help create a better future globally.

Huobi Charity was intentionally formed with a broad scope to benefit the global society through a wide variety of initiatives. The firm aims to prevent or alleviate poverty; advance education; promote health and longevity; nurture communities; advance art, culture, heritage or science; further environmental protections; and provide relief to persons in need, including those with disabilities, ill health, economic hardship, etc.

“As a global charity that’s helping shape the new digital economy, we believe it is our responsibility to ensure we’re building toward a fair and equitable future for all while also preserving the culture and values that define who we are as a society,” said Ciara Sun, Vice President of Global Markets and head of social impact initiatives at Huobi Group. “By receiving formal status as a registered charity in Gibraltar, we’ll be able to collaborate with other internationally-renowned charities and have a much bigger impact on the lives of people all across the globe.”

As a registered charity, Huobi Charity will operate in full transparency under the supervision of the Board, a regulatory body governed by the Charities Act of Gibraltar. All activities of the firm such as fundraising and donations will comply with regulatory requirements established by the Board. Huobi Charity will disclose transactions and provide the Board with regular reports on the activities of the firm, undergoing annual audits to prove the legitimacy of its funding sources. By opting to operate as a registered charity, Huobi is providing donors with full visibility into its charitable activities and fund management, further building on the trust that the Huobi brand is already known for.

Huobi Charity expands on Huobi’s existing social responsibility initiatives aimed at enriching the lives of people globally through blockchain technology and digital assets. Last year during the initial COVID-19 outbreak in Wuhan, Huobi Group committed $1.4 million USD to source and donate hundreds of thousands of medical masks, protective suits, oximeters, and other medical supplies to over 135 hospitals and community healthcare centers in affected areas. Huobi Group also donated $50,000 USD in HT to the Indonesia-China Association of Economic, Social and Cultural Cooperation for the purchase and distribution of medical supplies to Indonesian hospitals.

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Antier Solutions processes a 100 million USD worth of transactions on Blockchain MLM Platforms

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As blockchain continues to be harnessed by various organizations – both in the financial market and across other industry verticals – the focus remains on how the technology is transforming business operations. After revamping multiple enterprises, Blockchain has found a new alliance with MLM and the results are impressive. India’s Antier Solutions has processed transactions worth a 100 million USD across all its Blockchain based MLM platforms.

At the core of blockchain technology is a “shared distributed ledger” where the data and transactions are recorded. This distributed ledger is accessible to everyone on the network, thereby promoting transparency. Blockchain acts as a new type of database system that allows multiple parties to share access to the same data, at virtually the same time, enabling an unprecedented level of confidence. Furthermore, this technology has the potential to automate and accelerate business processes by using smart contracts that make the third party functions redundant.

Although almost every industry is ripe for blockchain adoption, one area that holds significant potential for blockchain implementation is the MLM (Multi-level Marketing) industry.

MLM has long been a mainstay for start-ups and companies to promote their products globally while cutting down the marketing costs. A few examples of successful companies that have capitalized on the potential of MLM include Amway, Market America, and Avon Products Inc.

“However, the traditional MLM process is beset with inefficiencies such as centralized control over the system, lack of trust and transparency, and delayed payments to release users’ incentives – which can hold back even the best of MLM projects.

Blockchain brings solutions to these pain points, empowering the MLM industry to position itself as a reliable market. Blockchain eliminates the involvement of a central authority and brings everything on a distributed ledger to enable transparency. The smart contract automates and expedites the MLM process and drives peer-to-peer transactions. Furthermore, smart contract integration contributes to immutability. It prevents any change in the MLM business plan once the smart contract has been deployed on the blockchain, thereby building people’s confidence in the system.

These benefits have fueled the popularity and acceptance of blockchain MLM software among businesses and participants. While start-ups and companies are readily launching smart-contract-based MLM platforms, users are confidently investing in these platforms being sure of a transparent process and secure, instant payouts.

Antier Solutions, a digital assets management solutions providing company, is helping businesses to launch their MLM smart contract platforms. Equipped with a team of 100+ blockchain developers and subject matter experts, 15+ years of rich technical experience, and breadth of expertise, Antier Solutions has helped over 100 companies to launch their MLM platforms on blockchain like TRON, Ethereum, and Bitcoin.

“Blockchain is serving as a catalyst to drive a profound, positive change in the billion-dollar MLM industry and Antier Solutions is working to initiate that change. As businesses navigate towards blockchain and cryptocurrency MLM software, we will continue orchestrating our solutions to help businesses ride the next wave of multi-level marketing”, said Devender Junas, the Product Head of Antier Solutions.

About Antier Solutions

Antier Solutions is a global digital assets management solutions providing company helping businesses transit from conventional technology platforms to blockchain-driven systems. Antier, with its deep domain knowledge and rich experience, has created a well-rounded ecosystem of solutions to help businesses launch their digital assets trading platforms, lending platforms, banks, and more.

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South Korea’s Hancom Group to Participate at the All Digital CES 2021

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Hancom Group, a leader in creating game-changing technology ecosystems has announced that it will participate in the All Digital CES 2021 held from Jan. 11 to 14. The company will present its visions for making the world Smarter, Safer and Freer through pioneering future innovation for an ever-evolving tech industry.

Hancom, like the other highly recognized South Korean market leaderswill share with the industry how it uniquely envisions Mobility, Robotics, Smart City, AI and Blockchain.

Products which Hancom will introduce at All Digital CES 2021:

  • Hancom Works – Hancom Works is supporting digital transformation of your organization by enabling all-in-one remote workspaces environment on top of self-hosted data center or Cloud infrastructure such as AWS.
  • Hancom Office – Hancom Office is core productivity applications for your work, study and collaboration.
  • Toki H2 : AI Home Robot – Toki is a friendly home robot used for sharing customized conversations between family members and engaging in daily life with kids based on facial recognition technology and useful educational contents.
  • AI Image Processing Service – Hancom InSpace collects, classifies and analyzes video images captured from satellites, land earth stations and drones.
  • Digital Gold Blockchain – Digital Gold Blockchain is a new gold transaction platform creates new gold business with gold, cutting-edge technology, art and finance combined.
  • NeoIDM : AI IoT Platform – NeoIDM is a platform that provides an integrated management infrastructure that can flexibly manage via various sensors, IoT and edge devices.
  • Hancom Mobile and Digital Forensics – Complete mobile and digital forensic products for data extraction and analysis supporting various types of mobile and digital devices.
  • Hancom AI Check 25 : AI Call Center Solution – Hancom AI Check 25 monitors self-quarantined people using AI-bot and assists in monitoring health conditions and information delivery.
  • Hancom Genie K : AI Tutor for Korean Language – Hancom Genie K, AI tutor for Korean language, is a 1:1 Korean speaking practice application that allows anyone who wants to learn Korean to practice speaking anytime, anywhere.
  • GenieTalk Go!2 : AI Mobile Translator – AI interpreter supporting 65 Languages. GenieTalk Go!2 can be used in offices and fields where various languages are spoken, overseas business trips and overseas travel.
  • Parking Friends : IoT Parking Sharing Service – Parking Friends is an IoT Shared Parking service, which provides real-time parking information using IoT sensor. It can check the status of parking spaces and solve the parking.

“As South Korea’s leading ICT convergence company, we look forward to sharing at CES how Hancom will contribute to make the world Smarter, Safer and Freer. Please join us via our online conference, too.” said Dr. Peter Wonsok Yun, President of Global Business, Hancom Group.

Image: shutterstock.com

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TaxBit Secures Investments from PayPal Ventures and Coinbase Ventures; Winklevoss Capital Doubles Down

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TaxBit

TaxBit, which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, is excited to announce new investments from PayPal Ventures, Coinbase Ventures, and existing investor, Winklevoss Capital. These new investments from major fintech companies reinforce the importance of tailored software solutions, like TaxBit, in driving widespread cryptocurrency adoption. TaxBit solutions automate all aspects of cryptocurrency tax compliance for consumers, businesses, and exchanges. TaxBit Enterprise and TaxBit Consumer continue to transform the cumbersome experience of calculating and reporting taxes on cryptocurrency transactions.

“We want to thank our customers, partners, and investors for helping us move the cryptocurrency space forward, ” said Austin Woodward, CEO and Founder of TaxBit and Certified Public Accountant. “This investment will help us achieve our aim of being the most innovative and trustworthy provider of cryptocurrency tax technology.”

ABOUT TAXBIT
TaxBit was founded by CPAs, tax attorneys, and software developers in order to enable widespread cryptocurrency adoption by automating the regulatory hurdle of tax compliance. TaxBit’s software is used by thousands of everyday crypto users, in addition to crypto exchanges and merchants with regards to their 1099 and enterprise reporting requirements. TaxBit is located in Salt Lake City, UT.

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DeNations, a Blockchain-Powered Metaverse, Launches the First INO

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Smatoos, which is already known in the blockchain industry as a token economy platform, has released the blockchain-based metaverse, DeNations. DeNations is a blockchain-powered decentralized metaverse, where anyone can manage nations, cities, and civilizations. Metaverse is a combination of ‘meta’, which means ‘beyond’, and ‘universe’, which means a virtual space that interacts with the real world, where people can engage in economic, cultural, and social activities. Currently, in the blockchain industry, services that gamify a metaverse such as Decentraland and Roblox have already been released. Unlike other services, DeNations closely connected the real world with the metaverse, and was designed to create profits while playing games.

DeNations’ users own nations and can build cities and civilizations. Users can make money from taxes and token farming by developing nations, cities, and civilizations. Nations, cities, and civilizations are issued with Ethereum Non-Fungible Token (NFT) cards, proving their authenticity and ownership, even outside the game. NFT card holders develop nations, cities, and civilizations in DeNations and earn tokens and profits. Various national policies are determined by the Quadratic Voting proposed in the book by Eric Posner & Glen Weyl. DeNations develops nations, cities, and civilizations in the direction NFT card owners are aiming.

Currently, 5 NFT cards for France, Japan, India, Italy, and the Republic of Korea are already on sale at Opensea. Each Nation NFT card is issued in limited quantities and is sold at a 50% discount during the first week of release only.

“Individuals in the real world cannot build and manage nations, cities, and civilizations,” said Justin Jang, VP of DeNations. “All of that’s possible in DeNations,” he said. “The time has come for anyone to own, manage nations and cities, and as a result, make the profit they dream of in the metaverse.”

DeNations aims to become a leader among blockchain-powered metaverses. It is expected that it will not only contribute to relevant ecosystems within the blockchain-based metaverse but also have a positive impact on the real world as a national management simulation game because users can experiment with and experience political and economic systems in DeNations.

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Constreet Partners and ECXX announce strategic partnership in asset tokenization, digitized securities and STO areas

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Coinstreet Partners (“Coinstreet”), an award-winning AI-powered global decentralized investment banking group, and ECXX, a regulated blockchain-based digital securities exchange in Singapore, have entered into a strategic partnership to bring in end-to-end services to security token offering (“STO”) and secondary trading of digitized securities to institutional and accredited non-individual investors in the Singapore market.

The Coinstreet investment banking group has strategic investments and deep collaborations with licensed broker dealers in international financial centers including USA, United Kingdom, Germany, UAE, Hong Kong, Japan, Korea, Malaysia. They recently launched TADS Awards, the world’s first international award for Tokenized Assets and Digitized Securities sectors (www.TADSawards.org).

ECXX operates a STO exchange (ecxx.co), that is integrated with MyInfo, the one-stop Singapore government identity platform. In addition being admitted as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS) to the Fintech Sandbox under the Recognised Market Operator (RMO) regime, ECXX has also applied for a license under the Payment Services Act and once approved, it will be the first exchange in Singapore to offer both digital payment tokens and digital securities under two different platforms.

Samson Lee, CEO and Founder of Coinstreet Partners said:

“Coinstreet has been focusing on structuring and primary market of digital assets in the international market. ECXX’s vision is to be the world’s leading digital asset exchange delivering trustable and secured digital asset trading services. We are very pleased to establish a strategic partnership with ECXX. It can allow us to vertically integrated our primary market services with regulated secondary trading venue in Singapore, which is a very important market for us.”

Branson Lee, CEO of ECXX said :

“We see the digital assets space gaining massive traction and importance over the next few years. Our partnership with Coinstreet will be an important one as this space takes on a more globalised nature.”

Terry Tan, Listing Director of ECXX said :

“Working together with Coinstreet Partners allows ECXX to reach out to more global companies who are keen to tokenize their assets and list their tokens on a regulated digital exchange in Singapore. The strategic collaboration will be a win-win situation for both Coinstreet Partners and ECXX.”

According to a survey from the World Economic Forum, around 10% of global GDP will be tokenized and stored on Blockchain by 2027. Coinstreet serves clients with tokenization needs ranging from stablecoins, real estate, financial services, technology, biotech, healthcare, telecommunications, energy, manufacturing, hotel, hospitality, lifestyle, gaming, media and entertainment sectors. Significant growth in the number of high-quality STO projects and global expansion of investor communities is expected, as the adaptation of this new corporate finance model gains popularity globally.

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Huobi Inno Labs Invests 5 Million USDT Fund to Support Polkadot Ecosystem

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Huobi Group

On December 8th, Huobi Inno Labs announced a 5 million USDT investment to the Polkadot Ecosystem Support Fund to promote the development of the Ecosystem and support projects and individuals financially in their contribution promoting the prosperity of the Polkadot ecosystem.

The fund will focus on sponsoring technology development, ecological project development, community and operation promotion activities. Developers, activity initiators, content creators, Polkadot ambassadors and any other individuals and organizations who have plans to contribute to the Polkadot ecosystem can apply for sponsorship through the official email ([email protected]).

With the launch of the Polkadot Mainnet, the crypto market is witnessing a growing participation in this technology, with more than 300 eco-projects currently developing projects on Polkadot. According to statistics, 2019 has seen a significant development project increase of 44% in the Polkadot network, making it one of the most active blockchain ecosystems.

Based on the great potential of the Polkadot ecosystem, Huobi Inno Labs believes that the cross-chain protocol represented by the Polkadot provides a new distributed network solution for the implementation of Web 3.0, brings more innovation opportunities to developers, and is a significant practice for Web 3.0.

“We believe that funds like this are vital to the on-going growth of the blockchain space and are happy to be a part of it. Growing the space is always going to be a team effort, and a decentralized one, so providing funding and support to developers, initiators and creators means we can keep moving forward,” according to a spokesperson of Huobi Inno Labs.

In order to support the better development of the Polkadot ecosystem on a global scale, Huobi Inno Labs will focus on sponsoring the following key areas.

1) Technical: technical workshops, project development; 
2) Events: offline and online events, Meetups, hackathon, etc.; 
3) Content creation: graphics, texts, videos, etc., in any form, as well as Polkadot vertical media networks; 
4) Projects linking to Polkadot Treasury, Kusama Treasury that has major contribution to Polkadot Ecology.

Fund application email: [email protected].
Please include the following information in your email.

1) Applicant’s Name
2) Applicant’s Huobi UID
3) Applicant Contact
4) Applicant company entity (if any)
5) Introduction to the application
6) Budget Request
7) Application Cycle
8) Reasons for applying for sponsorship

In addition to financial support, Huobi Inno Labs can also assist in putting up networks with Huobi’s innate resources, such as Huobi wallet, Huobi mining pool, Huobi capital, etc.

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VeChain ToolChain Powers Producers Market To Onboard U.S. Seafood Import Platform KnowSeafood

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VeChain

Challenges and opportunities posed by the pandemic are reacting in real time to consumers’ needs in the food sector. For the purpose of facilitating fresh, reliable supply of seafood in the U.S. marketplace, KnowSeafood announced its implementation of Producers Market’s powerful transparency application, StoryBird, powered by VeChain ToolChainTM. Through the Storybird application, KnowSeafood customers will be able to trace their sustainably harvested seafood transparently from catch to plate.

Americans spend $102 billion each year on seafood. However, according to the U.S. Department of Agriculture (USDA), about 80-90% of U.S. consumers still did not meet their seafood consumption recommendation generally due to the mislabelling of imported seafood products and unfamiliarity with preparation methods. It is further proven by the Food Marketing Institute’s first-ever Power of Seafood survey that half of the interviewed U.S. shoppers wanted more information on quality and freshness. The FDA also published guidelines and advice for consumers to acquire safe seafood, advising customers to look for the label containing information on where the fish was harvested, processed and certifications. This compels producers to improve their transparency.

As the coronavirus pandemic is closing or limiting restaurants in America, the consumers’ behaviors shifted to their own kitchen, boosting seafood to be the fastest growing supermarket category during the last week of May 2020 and supermarket sales have continued to surge through July 2020, which brings increasing demand on reliably sourced seafood.

To combat seafood fraud and supply chain shakeups, KnowSeafood chooses VeChain ToolChainTM to enhance its strategy of directly connecting farmers with consumers using blockchain technology.

VeChain ToolChainTM Secures and Enables Food Safety

As the world’s leading enterprise-friendly public blockchain platform, VeChain provides the market ready one-stop data BaaS platform VeChain ToolChainTM, which allows blockchain technology to be deployed with the fastest lead time compared with any other platform in the industry.

By using the user friendly templates built into VeChain ToolChainTM, local seafood farmers can easily upload harvesting, processing and shipping information onto the VeChainThor Blockchain, which later integrates with the StoryBird data visibility module to be presented publicly for the end users to validate product origin and trace logistics of delivery. The deployment of blockchain ultimately bridges key knowledge gaps between all stakeholders in the trade.

Starting from Q4 in 2020, multiple seafood categories on the KnowSeafood platform will be traced by VeChain ToolChainTM ,including Norwegian Salmon, North Atlantic Haddock, Peruvian Mahi-Mahi, New England Sea Scallops, Maine Lobster, and many more global species.

Daniel McQuade, Co-Founder and CEO of KnowSeafood stated, “Our groundbreaking experience working with blockchain has proven to us how powerful a solution it is to traceability and sustainability. The American consumer is demanding the kind of transparency and provenance that blockchain technology delivers. In working with VeChain and the Storybird application, we are bringing our customers the best technology in the market to have immutable trust in seafood from our KnowSeafood online marketplace.

Sunny Lu, the Co-Founder and CEO of VeChain, said, “Statistics have shown that in Q2 2020, $1 of every $5 spent by U.S. consumers came from online orders. Dramatic increases in spending can be found for online grocers, food delivery, meal kits, and more. There will be surging growth in the e-commerce food sector and VeChain will be happy to be part of the emerging new business scenario, starting from the seafood sector.”

With the growing demand for authentic and premium food products, there is a great potential for VeChain ToolChain™ to power more Producers Markets partnerships in the future.

About VeChain

As the world’s leading enterprise friendly blockchain company, VeChain began in 2015 and aims to connect blockchain technology to the real world by providing enterprises with blockchain solutions suitable for their business needs and to build a trust-free and distributed business ecosystem platform for business value. With VeChain ToolChain™, a low-code blockchain SaaS platform, VeChain will continue to promote the large-scale application of blockchain technology, help enterprise clients in digitalization transformation, and eventually realize the long-term vision of enabling the real economy.

VeChain is the pioneer of real-world business applications, with international operations in Singapore, Luxembourg, Japan, China, France, Italy and the United States. With strong independent development capabilities, and the professional compliance guidance of our strategic partners, PwC (one of the world’s top four accounting firms) and DNV GL (a leading global assessment and certification society), VeChain has established partnerships with many leading enterprises in various industries, including Walmart China, Bayer China, BMW, BYD Auto, PICC, H&M Group, Shanghai Gas, LVMH, D.I.G etc.

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BitLeague Introduces Bitcoin-Backed Loan Services

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Bitleague

BitLeague, the top digital currency financial services platform, announced today that it would provide crypto-based USD loan services. Through DigitAmex LLC, its lending arm (US licensed), BitLeague will offer industry leading bitcoin-backed loans to clients. Cryptocurrency investors will be able to borrow from 3.99% APR without selling their bitcoin holdings on www.bitleague.com or via the BitLeague App. The loan rate will be adjusted based on term, loan to value ratio, etc.

“This is a new milestone for our business. Our clients have enjoyed our zero-commission bitcoin trading service, and now, they can get loans from us at a very competitive rate without selling their bitcoin investment,” said Yifeng Mao, founder of BitLeague. “We see a substantial demand from clients for this essential product. Having received our Lending License from California, this bitcoin-backed loan service will be rolled out from this market and we hope to cover the entire US in the short to medium term.”

About BitLeague

BitLeague LLC is registered in Delaware, with offices in Palo Alto and New Jersey, offering one-stop crypto financial services globally. BitLeague is dedicated to providing clients with seamless services including Bitcoin Term Deposits, ZERO commission bitcoin trading services and Bitcoin backed loans.

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