Author: TheBlockchainExaminer.com

friend.tech-and-base-anti-phishing-boosted-by-coolwallet’s-web3-smartscan

Friend.Tech and Base Anti-Phishing Boosted By CoolWallet’s Web3 SmartScan

October 2, 2023 Published by

 

Base’s new killer DApp, the decentralized social network Friend.tech, is breaking transaction records with record adoption, but is being targeted by hackers and scammers through phishing attacks.To raise awareness of the importance of hardware wallet protection and promote its powerful Web3 SmartScan transaction screener, CoolWallet has launched a Web3 Guardian competition.

Coinbase’s new Ethereum layer-2 chain, Base, has become a favorite for DApp developers and early investors due to its outstanding performance and the innovative projects it attracts. One DApp in particular, the decentralized social media platform Friend.tech, has driven the bulk of its growth in recent weeks. helping Base repeatedly reach new transaction volume highs despite difficult market conditions.

Friend.tech’s rapid rise has garnered widespread attention- according to the latest data, the daily active user (DAU) count of friend.tech have surpassed the million mark, with its transaction volume consistently hitting new records and its total value locked (TVL) now surpassing $35 million.

However, with any crypto trends comes new security risks, in this case a familiar foe, phishing attacks. This type of social engineering attacks dominate crypto thefts, which by June 2023 had already hit the $650 million mark across the Web3 sector. This month alone has already seen successful attacks targeting high-profile victims Mark Cuban and Vitalik Buterin and stealing millions in the process.

As a result, Base and Friend.tech users are urged to use a reputable hardware wallet to secure their tech digital assets by protecting their private keys and screening transactions.

In response, hardware wallet maker CoolWallet, which natively supports the Base ecosystem, has launched an anti-phishing campaign titled  Web3 Guardian Competition to create awareness and promote its unique defense capabilities such as CoolWallet SmartScan, which proactively screens all Web3 transactions and flags malicious behavior or smart contract vulnerabilities before users are exploited.

How Friend.tech works

Friend.tech has garnered a cult following among crypto enthusiasts as one of the first decentralized social networks to be built on the Base blockchain. It’s powered by blockchain and smart contracts, where users must buy “shares” of another person in order to chat with them. Its tagline is “Your network is your net worth”.

To use Friend.tech, users must first sign up with their Twitter (X) account, create a profile and then start trading shares of other users who have also signed up. A user’s share price is determined by factors like their popularity, reputation, and overall demand.

Buying shares of another user gives you access to them, allowing you to message them directly and chat. The more shares you buy, the higher a priority your messages will be.

Friend.tech recommends hardware wallet protection

With crypto phishing attacks claiming even high-profile victims such as Vitalik Buterin and Mark Cuban as victims in recent weeks, it’s no surprise that Friend.tech also places great emphasis on asset security.

It therefore recommends that users utilize a hardware wallet for enhanced protection against threats like phishing sites. Storing assets offline makes them less accessible to online hackers, thus offering greater security.

CoolWallet’s SmartScan Flags Web3 Phishing Threats

CoolWallet (established in 2014) has since the launch of its CoolWallet Pro flagship model in 2021 pivoted strongly to securing Web3 assets, which requires users to interact with DeFi protocols that could potentially drain their accounts if they authorize the wrong transaction.

CoolWallet Pro in particular makes for an ideal Friend.tech hardware wallet as it’s one of the first cold wallets to support the Base network, and boasts several elite security features, such as:

  • an EAL6+ secure element
  • biometric verification (both on phone and device)
  • tamper proof and waterproof design

Importantly, its CoolWallet App comes with real-time Web3 transaction analysis scanning called Web3 SmartScan.

While cold storage is as safe as can be, the biggest vulnerability remains human error or a lapse in judgment, where the user is tricked into authorizing a bad transaction or revealing their recovery seed or private key to a bad actor.

CoolWallet’s SmartScan, available on its CoolWallet App, provides Web3-native protection against phishing attempts. It automatically screens transactions and flags attempted phishing, suspicious transactions and smart contract vulnerabilities. This makes using cold storage even safer to use, and elevates CoolWallet above other hardware wallet brands.

Web3 Guardian Competition- Secure Your Crypto for the Next Bull Run!

To promote Web3 asset protection among blockchain users and help them safeguard their crypto portfolio with SmartScan until the next bull run, CoolWallet is launching a global new competition aimed at enhancing user security awareness with generous rewards to participating users.

For more details, please visit their website’s event page or X (Twitter) account

gate.io-passes-hacken’s-annual-security-assessment,-furthering-system-and-asset-security

Gate.io Passes Hacken’s Annual Security Assessment, Furthering System and Asset Security

October 2, 2023 Published by

 

Gate.io, a leading crypto exchange trusted by millions of users, has passed an annual security assessment conducted by Hacken, a renowned blockchain security auditor. The assessment follows a recent broadening of its partnership with Hacken, which introduced smart contract auditing to various components of Gate Web3, Gate.io’s decentralized ecosystem.

The latest security assessment included rigorous evaluation and penetration testing using industry-standard methodologies. Hacken’s team of experts subjected the exchange’s infrastructure to simulated cyberattacks based on real-world scenarios. The assessment confirmed that Gate.io’s security measures are up-to-date and capable of defending the platform and user accounts against the latest cyber threats.

The assessment was carried out as part of a partnership between Gate.io and Hacken. The partnership dates back to 2020, when Hacken assisted the exchange in obtaining a CER certification. Since then, the partnership has expanded to include bug bounties, annual penetration tests, and smart contract audits. When combined with Gate.io’s multilayered security measures and thorough in-house reviews, users are provided greater security guarantees.

“Security is a shared responsibility in the blockchain and digital asset sector. The ramifications extend beyond any one platform, and each has a role to play. Our dynamic partnership with Hacken ensures that Gate.io’s role is fulfilled and users can safely embark on their digital asset journey confidently,” said Dr. Lin Han, founder and CEO of Gate.io.

The latest security assessment and penetration test confirm Gate.io’s adherence to following best practices and meeting the demands of an ever-changing threat landscape, helping build users’ faith in Gate.io and the blockchain and digital asset sector as a whole. In addition, the partnership with Hacken has resulted in greater security assurances on Gate.io’s centralized and decentralized platforms. The dynamic and robust nature of the partnership ensures that users’ funds are safeguarded from current and potential future threats.

lake-michigan-hills-partners-with-digikerma-to-become-the-first-carbon-neutral-golf-club-in-the-united-states

Lake Michigan Hills Partners With DigiKerma To Become The First Carbon Neutral Golf Club In The United States

October 2, 2023 Published by

 

Lake Michigan Hills Golf Club has become the first carbon neutral golf club in the United States after purchasing CCUS offset credits from DigiKerma. The course has offset all CO2 emissions associated with every round played in 2022.

Lake Michigan Hills chose to offset its emissions using DigiKerma’s Carbon Capture, Utilization, and Storage (CCUS)-derived carbon offset credits, which trade on the company’s CarbonKerma marketplace.

“We think sport can play an important role in a low carbon future. We explored a lot of options to offset our course’s footprint,” a spokesperson said, “But we found the quality of most offset credits to be difficult to ascertain. CarbonKerma credits carry a price premium, but we wanted to offset each golf round played. The ability to break down each tonne of emissions into fractions in a traceable manner allows us to spread the cost of offsetting. The price was worth it, knowing that all their credits, based on Carbon Capture and Storage, are precisely measured and overseen by strict EPA regulations.”

The groundbreaking transaction is set to create a pathway for sporting and entertainment events around the world to help accelerate the deployment of CCUS, a technology that is vital for achieving the Paris Climate Accord targets.

Ahead of his company’s presentation at the ADIPEC 2023 conference in Abu Dhabi, DigiKerma Founder and CEO Irfan Ali noted:

“CarbonKerma’s unique CCUS-based offset marketplace brings an unprecedented level of measurability and transparency to voluntary carbon offsets, which we hope will restore confidence in markets that have been plagued by low quality and a lack of trust.”

He added that, “This decision by Lake Michigan Hills demonstrates their confidence in the integrity of our credits and they are to be applauded for their pioneering spirit. Hopefully, this sets an example for other sporting clubs and events that offsetting properly–through high-quality credits–can play a significant role in achieving our Paris targets.”

The club joins Singapore’s Sentosa Golf Club as only the second golf club in the world to offer carbon neutral golfing. The move represents a significant milestone for DigiKerma, a blockchain-based carbon offset marketplace that is gaining a strong reputation for carbon offset integrity among a number of sectors with hard-to-abate emissions.

About Lake Michigan Hills Golf Club: Established over 40 years ago, Lake Michigan Hills Golf Club is the top-rated public golf course in southwest Michigan. Located in the Benton Harbor/St. Joseph area, golfing greats to have played the course include Payne Stewart, Kenny Perry, and Adam Scott.

About DigiKerma: DigiKerma Inc. is a Virginia-based company that operates the carbon credit trading platform CarbonKerma. DigiKerma is committed to providing scalable offsetting solutions to sectors with hard-to-abate emissions, and helping fund the cost of implementing Carbon Capture, Utilization, and Storage facilities to contribute to the rapid decarbonization of industry.

SOURCE DigiKerma

okx-proof-of-reserves-ranked-highest-quality-among-major-exchanges-as-11th-consecutive-monthly-reserves-report-is-published

OKX Proof of Reserves Ranked Highest Quality Among Major Exchanges as 11th Consecutive Monthly Reserves Report is Published

September 26, 2023 Published by

 

OKX, a leading global Web3 technology company and crypto exchange, has published its industry-best 11th consecutive monthly Proof of Reserves (PoR), showing balances of USD$11.2 billion in primary assets, as its PoR was given the highest quality rating among major exchanges.

OKX’s latest PoR comes days after Castle Island Ventures partner and blockchain and Proof of Reserves expert Nic Carter ranked OKX highest of all major centralized exchanges on its quality of Proof of Reserves. In his ranking, he cited OKX’s credibility, knowledge of leadership, demonstrated commitment to transparency and overall PoR quality as reasons for his positive assessment.

OKX’s PoR covers 22 commonly used digital assets and shows that OKX has maintained a reserve ratio exceeding 100% for 11 consecutive months across all those assets. In addition to BTC, ETH and USDT, the assets included are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.

OKX’s current reserve ratios are as follows:

  • BTC: 102%
  • ETH: 103%
  • USDT: 102%

OKX Global Chief Commercial Officer Lennix Lai said: “With our 11th consecutive Proof of Reserves report, we are reaffirming our unwavering commitment to greater transparency and trust within the crypto industry. At OKX, we believe that integrity is the cornerstone of our success, and our PoR stands as a testament to our dedication to safeguarding user assets. As we approach a full calendar year of consecutive PoR releases, we have never been more committed to continuing to raise the bar for transparency in our sector.”

In August, OKX conducted two Twitter surveys to measure the sentiment of the online community with regards to the importance of PoR and transparency. Poll results showed that 84% of respondents say monthly PoR reports are either ‘somewhat important’ or ‘very important‘ and 88% state that transparency is either ‘somewhat important’ or ‘very important’ when choosing which crypto platform to trust.

OKX has seen hundreds of thousands of users engage with its PoR, visit its PoR page and view their self-audits since first launching its PoR page in late 2022. The open-source verification tool allows users to independently verify OKX’s solvency and confirm their assets are backed by OKX reserves while maintaining their privacy.

OKX has published over 210,000 addresses for its PoR program, and will continue to allow the public to view its asset flows.

Users can view the latest PoR report, reserve ratios, and verify OKX’s solvency here.

acx’s-technology-to-power-indonesia-carbon-exchange

ACX’s technology to power Indonesia Carbon Exchange

September 26, 2023 Published by

 

ACX (AirCarbon Exchange), operating its proprietary regulated environmental asset trading platform, is the technology provider for Indonesia’s carbon exchange hosted and operated by the Indonesia Stock Exchange (IDX) after a competitive Request for Proposal process.

Launched on 26th September 2023, with its first carbon trades, Indonesia’s official carbon exchange, IDXCarbon, will play a vital role in reducing Indonesia’s carbon emissions and driving Indonesia’s transition to reach net zero emissions by 2060.

“With ACX support, IDXCarbon has reached a key milestone towards achieving net zero emission in 2060 or sooner. We anticipate a thriving and enduring collaboration with ACX that will continue to drive innovation and success, as the Indonesian carbon market develops.” said Iman Rachman, President Director of IDX. 

IDXCarbon has been customised by ACX to meet the country’s unique requirements, as well as aligned with Indonesian institutions, including the National Registry System for Climate Change Control (SRN-PPI). This will ensure the exchange is compliant with Indonesia’s standards and procedures, as well as the requirements recently established by the OJK, the country’s financial services authority. ACX provides a complete end-to-end solution that utilises blockchain technology to ensure the transparency and auditability of all trades transacted on the exchange. With that, the exchange will play a central role and promote transparency, accountability, and efficiency in the Indonesian carbon market.

“We are honoured to be the technology provider for Indonesia’s carbon exchange and to contribute towards the country’s vision of a fair and inclusive carbon ecosystem,” said Thomas McMahon, co-CEO and co-Founder of ACX. “Our end-to-end solution will enable the exchange to provide comprehensive services. This will make it easier for companies to access and participate in the carbon market, ultimately driving down Indonesia’s carbon emissions and contributing to global sustainability efforts.”

Hum Wei Mei, Head of APAC and Global Head of Environmental Products, said: “Indonesia has a critical role to play in international climate action while IDXCarbon is at the heart of ensuring that Indonesia’s carbon market progresses as envisioned. As the technology provider to IDXCarbon, ACX is committed to working closely with IDX to implement a highly customised, iconic and state-of-the-art carbon exchange which will act as critical supporting infrastructure for Indonesia’s long-term plans & interests in emissions trading, carbon markets & climate action.”

With a global footprint covering Asia, the Middle East, Europe, North and South America, ACX has demonstrated itself to be a leading technology provider with a proven track record of designing and implementing carbon trading system worldwide, leveraging the company’s expertise and experience to ensure a robust and reliable platform for trading environmental assets.

coinscan-emerges-from-stealth-with-$6.3-million-in-funding

CoinScan Emerges from Stealth with $6.3 Million in Funding

September 21, 2023 Published by

 

CoinScan, a crypto analytics platform built to give traders an edge in the market with free in-depth charting and safety features, today emerged from stealth with $6.3 million in funding to fuel product development and expansion. CoinScan is the first product from CryptoHub, a Web3 company focused on improving the blockchain economy with scalable, accessible solutions.

The company is backed by DraftKings’ #1 individual shareholder and billionaire Shalom MecKenzie alongside Playtech‘s CEO Mor Weizer and Head of Business Development and M&A Roy Samuelov, Shy Datika, iAngels, and publicly traded digital asset company Tectona.

 

“Crypto, much like sports betting, should give people the tools and data to make their own assessments about risk and reward,” said MecKenzie. “CoinScan is introducing a hub of crypto information that users can finally trust for accurate, real-time insights. I see CoinScan as becoming the home page for anyone involved in the crypto industry.”

This year alone, nearly $1 billion has been lost to crypto exploits, hacks, and scams – much of which could have been avoided with better access to data. CoinScan’s unique, groundbreaking scam prevention features include:

  • Safety Checks: This feature assesses a token’s susceptibility to rug pulls or scams by analyzing key indicators such as liquidity locks, token taxes, contract renounce status, and honeypot risks.
  • Holder Analysis: Traders can assess a token’s distribution and health in real-time through CoinScan’s charting terminal. Users can track wallet holdings in tokens and USD, keeping an eye on top wallets’ buying and selling activities.
  • Airdrop Analysis: Traders can protect themselves from ‘soft rug’ scams by using this feature to identify wallets that have received airdrops, assess their value, and cross-reference this information with social feeds to verify legitimacy.
  • Social Sentiment: Recognizing the importance of social sentiment in crypto, CoinScan integrates live project feeds from Twitter, Telegram, Reddit and Instagram to allow users to extract information about a token from its community in real time.

While many crypto data providers are plagued by price inconsistencies and potential biases, CoinScan provides transparent data pulled from multiple sources to provide the deepest charting insights available on the market.

“CoinScan is leading the charge in bucking crypto’s negative reputation by providing better access to data directly from multiple sources,” said Yariv Gilat, Chairman at Tectona. “The platform provides unmatched safety features that make me optimistic for the industry’s future growth, and we’re thrilled to support CoinScan on their mission.”

CoinScan is also the first to bring a Pending Transactions feature to the market in a user-friendly format, giving traders insights into the price action of a token before it happens, rather than after the transaction fully completes. This gives users an unprecedented advantage, as they can essentially see into the future. Traders can also use the platform’s Market Navigation page to search and compare similar tokens to cross-analyze before investing.

“No one wants to spend all of their time researching and analyzing blockchain transactions and social media just to avoid getting scammed. The bar for crypto data was very low, so we built the platform that we wished we had,” said Eliran Ouzan, CEO of CoinScan. “We’re not just giving traders an edge, we’re introducing tools that allow new investors to enter the market with free, accessible, unbiased information that will allow them to succeed.”

CoinScan has been under development for over two years, and recently completed beta testing. The platform’s fundamental mission is to elevate the experience for crypto and DeFi users of all experience levels. To learn more, please visit www.coinscan.com.

nchain-appoints-peter-coulson-as-its-new-group-coo

nChain appoints Peter Coulson as its new group COO

September 19, 2023 Published by

 

nChain, a leading global provider of blockchain technology, IP licensing and consulting services, today announces the appointment of Peter Coulson as its new group Chief Operating Officer.

Combining a world-leading Web3 IP portfolio together with knowledge, expertise, tools, and products, nChain is well-positioned to enable a seamless business transition from Web2 to Web3.

Peter Coulson joins nChain with a diverse career in strategic, operational, and technical leadership. He has navigated challenging operational environments, led research commissioning, overseen HR, finance, and commercial endeavours, and managed high-value portfolios.

Peter’s last appointment in the Royal Navy saw him Command of the Naval Base in Plymouth; a prominent Nuclear facility and Western Europe’s largest naval base. While specialising as a Weapons Engineer, Peter’s management and leadership experience is broad – including leading the Royal Navy’s surface ship through-life support portfolio, Combat System capability management, working in Private Office of Defence Ministers, engineering and training roles at the Devonport Waterfront, personnel policy in MOD, space research and serving in HMS ILLUSTRIOUS and several frigates. Additionally, Peter has held positions at Harland & Wolff, the University of Plymouth, and various charities.

nChain Chairman Stefan Matthews commented “The entire board is delighted that Peter will be bringing his diverse range of experience and skills to help us create the world that we envision with our technology. Since our inception in 2015 as a blockchain research & development hub, we’ve expanded the limits of what is possible with this technology. With the foundations now laid with our unmatched expertise on this technology built up over many years, Peter will be a key piece of the puzzle as we ramp up our company growth.”

“At nChain, our mission is to eliminate inefficiencies, lower costs and speed up processes, so the global economy will be open, accessible, and secure for everyone. Peter is a crucial hire into our executive team to help us in realising these goals. His focus will be on creating the operational efficiencies that will supercharge our business operations to make the best use of the expert skills and resources we possess.” nChain CEO Christen Ager-Hanssen commented.

Peter Coulson expressed his excitement of joining nChain as the company is rapidly growing. He is motivated to create organisational excellence that allows nChain to deliver on its vision, make positive social impact, and create a brighter future.

bitget-unveils-results-of-smart-awards-2023:-recognizing-exceptional-investment-talents

Bitget Unveils Results of Smart Awards 2023: Recognizing Exceptional Investment Talents

September 13, 2023 Published by

 

Bitget, top crypto derivatives and copy trading exchange, is thrilled to unveil the winners of the Smart Awards 2023 during Bitget EmpowerX Summit in Singapore, celebrating outstanding achievements in the ever-evolving world of crypto investments. These awards shine a spotlight on the remarkable skills and strategies of the winners, offering valuable insights to the broader investor community.

Bitget partners with 0xScope, a renowned name in blockchain analytics solutions to recognize and honor exceptional performance in key on-chain activities. The Bitget Smart Awards encompass two segments—the Smart Money Awards and the Hero Trader Awards. The awards cast a spotlight on exemplary investment activities through meticulous analysis of on-chain data.

The Smart Money Awards honors outstanding individuals from 3 distinct categories: Airdrop Hunters, NFT Gurus and Memecoin Masters.  Their accomplishments offer a wealth of knowledge and insights for fellow investors.By observing their actions and decisions, we can gain a deeper understanding of emerging project trends, NFT market dynamics, and meme coin investment opportunities.

In the fiercely competitive Airdrop Hunter category, five exceptional winners have emerged. Their success is rooted in their proactive exploration of new blockchain projects and their extensive engagement with a diverse range of protocols. These savvy investors have executed financial transactions with over 300 projects across approximately 40 different chains, showcasing a profound understanding of emerging crypto ventures.

The NFT Guru award recipients have achieved remarkable profits through strategic NFT acquisitions. The top three winners, in particular, demonstrated extraordinary foresight by heavily investing in the Milady NFT collection. This success underscores their unique insights into the NFT market. Analyzing their actions and decisions will provide valuable guidance on NFT market trends and potential investment prospects.

In the Memecoin Master category, the winners owe their success to their early involvement, remarkable patience, and strategic team collaborations. They entered meme coin projects during their infancy and reaped returns that exceeded their initial investments by thousands of times. Crucially, they maintained a long-term perspective rather than opting for short-term gains, a testament to their unwavering confidence in the projects they supported.

The Hero Trader Awards encompass two segments—the Smart Money Awards and the Hero Trader Awards. From there 32 contestants were selected to proceed onto the final round, and eventually, four Wealth Hunters emerged from the competition representing the epitome of investment excellence and innovation. Regarding the Trader of The People category, which recognizes the most popular Copy Trading elite trader from each region, we attracted 27,473 participants, who garnered 38,722 votes for Futures Copy Trading and 17,432 votes for Spot Copy Trading.

“In the crypto world, talent and strategy make all the difference. The Smart Awards 2023 recognize those who have not only excelled but have set new standards in crypto investment. We believe in acknowledging and celebrating these achievements as they provide invaluable insights for the entire crypto community,” said Gracy Chen, Managing Director at Bitget.

“We are proud to partner with Bitget in recognizing blockchain excellence through the Smart Money Awards. Our partnership exemplifies the power of adopting a behavioral analytics and user-centric approach when looking at on-chain data. Together, we’ve forged a transparent and reliable process for the Smart Money Awards.” said Raffaele Ragini, CMO at 0xScope

At Bitget, we remain committed to fostering a vibrant and informed crypto community. The Smart Awards hosted in partnership with 0xScope are a testament to our dedication to recognizing and celebrating exceptional talent in the crypto space. Congratulations to all the winners, and we look forward to witnessing their continued success in the evolving world of cryptocurrencies.

dictador-europe-and-the-capital-group-of-warsaw-stock-exchange-join-for-a-revolutionary-project:-world’s-first-tokenization-of-aged-rum

Dictador Europe and the Capital Group of Warsaw Stock Exchange Join for a Revolutionary Project: World’s First Tokenization of Aged Rum

September 11, 2023 Published by

 

Tokenization of a collector’s rum. This project with Dictador makes the Capital Group of the Warsaw Stock Exchange the most modern and dynamic in the world of digital assets.

Dictador Europe and the Capital Group of Warsaw Stock Exchange have entered into a partnership that aims to lead to the issuance of tokens for collector’s rum and their trading on a special trading platform prepared by the Warsaw Stock Exchange. Tokenization may cover 60,000 liters of rum from vintages from 1983 to 1988, stored in over 100-year-old 99 chestnut barrels.

The goal of the project is to develop and implement a solution that enables the issuance and trading of crypto-assets representing aged collector’s rum.

Rum Bottles as Works of Art

Dictador is a luxury brand recognized and appreciated worldwide. The company is pioneering the creation of an entirely new, non-existent product, and experience category based on the world’s largest stock, of investment-grade rum, worth several billion dollars. The tradition of creating this spirit has been continued for over 100 years, dating back to 1913. The Dictador distillery is located in Cartagena on the Caribbean Sea in Colombia. Thanks to this unique location, an exceptional microclimate is created, perfect for aging rum.

Dictador’s hallmark is not only the exceptional quality of the spirit but also its unconventional and pioneering approach to business. For several years, the producer has specialized in creating collector’s editions of products, often in collaboration with renowned contemporary artists such as Lalique, Richard Orlinski, M-City (Mariusz Waras), Vhils, Tomasz Górnicki, Eva Minge, and Mr. Brainwash. Thanks to this collaboration, Dictador bottles have become investment and collector’s items. A few months ago, global media reported that bottles from the Golden Cities edition designed by M-City were being purchased by collectors for $1.5 million USD each.

For the purposes of the Dictador tokenization project, the company intends to allocate a portion of its most valuable resources, containing a selection of 35-40-year-old rums. Currently, this is one of the oldest and rarest rum reserves in the world.

Trading Platform for Tokenized Assets

As part of its development strategy, the Capital Group of Warsaw Stock Exchange is implementing a technological project that responds to the challenges of the modern financial market and the expectations of investors, as well as offering a breakthrough solution for collectors and enthusiasts.

The newly established market will enable the tokenization of non-financial assets (crypto-assets). Their value will be digitized and reflected in so-called denomination tokens. Thanks to high standards adopted from the traditional capital market, the market for tokenized assets will be secure and transparent for all users.

50 Million Tokens

Ultimately, tokenization can cover 60,000 liters of rum with an alcohol content ranging from 62 to 65%, which undergoes aging in 99 barrels with a capacity of 625 liters each. From the above quantity of aging distillate, approximately 100,000 bottles with an alcohol content of 41-50% will be filled. The project is valued at 100 million euros.

Dictador has been a leader in implementing new technologies that effectively utilize blockchain in the development of its luxury brand for several years.

Following initial experiences related to offering its products in the form of NFT tokens based on physical Dictador Lalique and Orlinski products, whose sales on the American BlockBar platform in 2021 ended in a spectacular sale.

Dictador Europe has also initiated the creation of a community as part of the ArtHouse Spirits DAO project. The presale stage concluded with transactions totaling one and a half million euros.

Controls and Audits

During the first five years of the Dictador project, the company guarantees the same volume of rum as at the start of the project. At the end of each calendar year, the project will be audited by a renowned entity specializing in audits to confirm the quantity of stored assets.

A Game Changer. The Capital Group Warsaw Stock Exchange and Dictador Set A New Global Standard for Spirits Tokenization.

gate-web3-announces-participation-in-token2049-singapore

Gate Web3 Announces Participation in Token2049 Singapore

September 11, 2023 Published by

 

Gate Web3, the web3 division of the renowned Gate.io platform, is delighted to announce its participation in Token2049 Singapore, underscoring its dedication to fostering innovation within the Asian blockchain industry.

Token2049 Singapore, scheduled for September 13-14, 2023, has always been a linchpin for Asia’s blockchain and cryptocurrency community. This event is a cauldron of innovation, gathering global leaders, pioneering projects, investors, and tech aficionados to dive deep into the latest technologies, industry advancements, and prevailing trends.

“Gate.io has always championed the cause of innovation in blockchain. Joining Token2049 under the Gate Web3 banner is a testament to this commitment,” remarked Dr. Li Han, Founder and CEO of Gate.io.

Attendees are welcome to explore Gate Web3 ecosystem at Token2049. More than  a display – Gate Web3 is also brining an experience to showcasing its strides and achievements in sculpting the blockchain world.

The experience is further enriched with side events such as the ‘C-Suite & VIP Whiskey Night’, co-hosted with partners Fireblocks and LTP. This exclusive evening is tailor-made for industry executives, fostering partnerships, sharing updates, and kindling meaningful discussions to spur the sector’s growth.

The ‘Gate Web3’s Night of the Future’ event promises another immersive experience. Through in-depth presentations and dialogues, attendees will gain insights into Gate Web3’s vision, growth trajectory, and prospects in the burgeoning blockchain domain.

“We’re not just attending Token2049 – we’re embracing it, championing it, and looking forward to robust engagements with global blockchain luminaries,” Dr Han continued.  “Our unwavering spirit of openness and innovation drives us, and we’re excited about the momentum this event brings to the blockchain sector.”

Gate Web3 extends its heartfelt gratitude to its community and users for their steadfast support and enthusiasm.

SOURCE Gate.io

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