Tag: Blockchain

the9-signed-a-legally-binding-term-sheet-on-an-investment-in-skychain-technologies-inc.-for-constructing-mining-facilities-in-canada

The9 Signed a Legally Binding Term Sheet on an Investment in Skychain Technologies Inc. for Constructing Mining Facilities in Canada

April 21, 2021 Published by

 

The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced that it signed a legally binding term sheet on a CAD4 million investment in Skychain Technologies Inc. (“Skychain”), a company listed in TSX Venture Exchange in Canada. The purpose of the investment is for the construction and operation of a 12 MW cryptocurrency mining facility located in Birtle, Manitoba, Canada. The9 plans to deploy its cryptocurrency mining machines in this mining facility upon completion of the construction.

According to the term sheet, the investment consists of a convertible note of CAD2 million, which will mature in four years and can be extended for an additional one year at the discretion of The9, and a private placement of CAD2 million (the “Private Placement”). Each unit of the Private Placement consists of one common share and one share purchase warrant that entitles The9 to purchase an additional common share of Skychain for an exercise term of three years.

The completion of the transaction is expected to be within one month, subject to due diligence and customary closing conditions.

The9 is also actively seeking for worldwide mining facilities with low electricity cost and in compliance with local rules and regulations, for the deployment of The9’s cryptocurrency mining machines.

birla-cellulose-wins-innovative-&-sustainable-supply-chain-award-by-un-global-compact-network-india

Birla Cellulose wins Innovative & Sustainable Supply Chain Award by UN Global Compact Network India

April 16, 2021 Published by

 

Birla Cellulose, part of the Aditya Birla Group and one of the largest global manmade cellulosic fibre (MMCF) producer, has emerged as a winner in the first edition of the  ‘National Innovative and Sustainable Supply Chain Awards’  by UN Global Compact Network India.

The case study presented by the company – Liva Reviva by Birla Cellulose & Fully Traceable Circular Global Fashion Supply Chains – was awarded for innovation in recycled and circular fibre made with pre-consumer fabric waste and end-to-end ‘live’ supply chain transparency and traceability through its unique blockchain-based platform GreenTrack™.

This case study solves two unique challenges: mounting textile waste which is either incinerated or landfilled due to lack of recycling technologies, and lack of transparency / traceability in the scattered, complex and long fashion supply chains.

Mr Dilip Gaur, Business Director of Birla Cellulose and Managing Director, Grasim Industries, said, “We are proud to be recognised for our innovative Next Generation solution for upcycling the textile waste, reducing the pressure on virgin materials and establishing transparency in complex fashion value chain. These efforts are aligned to our prioritized UN SDG goals and dedicated to building circular business models which are based on partnerships that add value to stakeholders, people and planet.”

Ms Shabnam Siddiqui, Executive Director, UN Global Compact Network India, said, “The first edition of the awards witnessed outstanding case studies from prestigious organizations with notable contributions to adoption and implementation of innovative and sustainable supply chain practices in their organizations. We congratulate Birla Cellulose for their pioneering work done in accelerating circularity and transparency in the supply chain in a short time, which are high priority UN Sustainable Development Goals.”

Birla Cellulose has achieved a path breaking innovation in manufacturing viscose fibre ‘Liva Reviva’ using 20% pre-consumer cotton fabric waste following the principles of circular economy. This innovation has the distinction of Recycled Claim Standard (RCS) and portrays Birla Cellulose’s commitment to developing NextGen solutions.

Through its pioneering platform GreenTrack™ based on blockchain technology, Birla Cellulose along with their value chain partners tracks material flow real time in the supply chain of fibre, from certified forests to the end consumers. Through simple scan of QR code end-to-end sustainability journey is visible to consumers and helps them make an informed purchase decision.

Since the launch in 2020, multiple global brands have added Liva Reviva to their sourcing basket as they take decisive steps towards circular economy. Our close-knit partnerships across the global value chains helped us to establish ‘viable reverse logistics’ and created higher value for textile waste for small scale waste recyclers.

Birla Cellulose is prioritizing the increased use of alternate feedstock like textile waste and is committed to accelerate innovations that are aligned with UN SDGs 2030.

bankhaus-von-der-heydt-fuels-blockchain-and-crypto-business-growth-with-appian

Bankhaus von der Heydt fuels blockchain and crypto business growth with Appian

April 15, 2021 Published by

 

Appian (NASDAQ: APPN) today announced that Bankhaus von der Heydt is using Appian to automate back-office operations and grow its banking business through new FinTech offerings. The Appian Low-code Automation Platform enables the bank to launch and manage new financial products and services faster, and accelerate their new institutional client onboarding time.

“Using Appian, we were able to conquer new markets, gain significant market share, and deliver new products to our customers ten times faster than before,” according to Philipp Doppelhammer, Managing Director and Member of the Management Board at Bankhaus von der Heydt.

Founded in 1754, Bankhaus von der Heydt has been recognized as a “Digital Champion” among German private banks in a 2021 study, which analyzed approximately 13,000 companies. It is one of the first banks in Germany to offer blockchain, cryptocurrencies trading, and crypto custody services for financial institutions.

Von der Heydt’s new FinTech Portal, built on Appian, connects with the bank’s legacy core banking, brokerage, and crypto custody systems to provide secure data visibility to employees. The Bankhaus team can create customized client offerings within one day, allowing them to meet fast-changing requirements and scale their business without increasing their headcount. The solution also provides better visibility of products and projects across von der Heydt systems for better operational reporting, and simplified compliance and risk management.

In addition, von der Heydt is using Appian to accelerate new institutional client onboarding time. The solution integrates Know Your Customer (KYC) requirements as part of the digital onboarding process to gather documents, verify accounts, and conduct customer due diligence for risk management. The new digital workflow reduced new trading partner onboarding time from one week to under ten minutes.

“Bankhaus von der Heydt shows how a historical, traditional bank can innovate and be a leader in the FinTech space by leveraging low-code automation,” said Dirk Pohla, Regional Vice President at Appian DACH. “By digitizing key operations and workflows, they are saving time, delivering products and services faster for their employees and clients.”

Watch this Bankhaus von der Heydt video to see how the bank is using Appian to scale its business. Find out why 5 of the world’s top 10 banks are Appian customers and explore our financial services solutions.

yas-launches-the-world’s-first-microinsurance-“nfty”-covering-nft

YAS Launches the World’s First Microinsurance “NFTY” Covering NFT

April 15, 2021 Published by

 

YAS announced the launch of ‘NFTY’, the world’s first NFT (Non-Fungible Token) microinsurance, leveraging the growing popularity of the advanced blockchain technology that certifies a digital asset such as media, songs, arts and collectibles to be unique and therefore not interchangeable.

‘NFTY’ is regarded as a pioneering microinsurance product, unveiling a new page of the insurance industry as well as setting the trends for its future development. The epoch-making ‘NFTY’ will become the world’s first microinsurance product to cover NFTs. This microinsurance product will be first used to cover the NFT of “Nobody Gets Me”, a non-released song by Hanjin Tan, a famous award-winning Singaporean Chinese songwriter and music composer. The policy covers the theft and loss of the NFT for its buyer.

YAS joined hands with Assicurazioni Generali S.p.A. Hong Kong Branch (Generali) again to co-develop “NFTY’, which is a harmonic combination from YAS’ agile innovation and technology with Generali’s 190 years of industry experience, tapping the uncharted areas of NFT insurance coverage. For example, NFT could help address music creators’ sharp decline in income and the value of their works as a result of the booming free music platforms. It will also open up a new source of income for the new generation musicians and artists. The demand of insurance coverage for NFT assets is expected to increasingly grow with enormous market potential.

With ‘NFTY’, It will add on an extra protection and peace of mind for buyers and to help artists, composers, galleries and industry players reach out to a much wider target audience. ‘NFTY’ by YAS and its Application Programming Interface (API) offers various types of online NFT marketplaces a much needed protection, fostering the development of the NFT industry.

“YAS hopes to create a resonating and delightful customer experience by curating an ecosystem and by leading innovative technology. We understand the importance of driving thought leadership to solve problems and to contribute to the transformation of the insurance industry. YAS products and experience will become the new norm and a seamless integration of insurance into the new generation and emerging economies; microinsurance will be embedded as an essential part of our daily lives,” said William Lee, Co-founder of YAS.

Another YAS Co-founder, Andy Ann, added, “The launch of ‘NFTY’ demonstrates infinite creativity and potential of microinsurance marketplaces and insurtech companies like YAS, which is far beyond the digital distribution channels for traditional insurance of incumbent insurers. YAS is planning to launch a series of microinsurance products covering various NFT assets, such as famous paintings, animations, songs, lyrics, audio visual works, watches, cigars, red wines and photographer’s works, etc., offering the necessary protection for the world’s new economies.”

“We are delighted to move another step further in our strategic partnership with YAS Insurtech to introduce yet another innovative insurance solution to the market, Together with YAS, we have created NFTY as a pilot,” remarked Windian Lai, Head of B2B2C at Generali HK, “This is only the start, as we will continuously put different product ideas with YAS’ “vote to live” feature to gather customers’ needs as part of our design process to make subsequent changes based on market response. Through iteration of this process, we can design products most suitable to the needs of the new generation.”

Cillin O’Flynn, CEO of Generali HK, said “Throughout Generali Group’s 190 years of history, innovation and living the community are amongst our core values. We strive to be a pioneer and an active corporate citizen by partnering with innovative companies to drive change, to help entrepreneurs grow, whilst at the same time, make people’s lives better and be a Lifetime Partner to our customers. We believe that insurtech is the way forward in this industry, and together with YAS, we are playing a part in defining the future of insurance.”

Moving forward, YAS will develop more innovative microinsurance products to meet the needs of the market, making insurance a lifestyle, more personalized and loving again!

techx-welcomes-netcoins-founder-michael-vogel-as-independent-director-and-cybersc-founder-dominic-vogel-as-advisor

TechX Welcomes Netcoins Founder Michael Vogel as Independent Director and CyberSC Founder Dominic Vogel as Advisor

April 15, 2021 Published by

 

TechX Technologies Inc. (“TechX” or “the Company”) (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a company focused in emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to welcome  Netcoins Founder and Coinstream CEO, Michael Vogel, as an Independent Director and his brother, CyberSC Founder & Chief Strategist Dominic Vogel, as an Advisor.

Michael Vogel is a well-known leader and pioneer in the Bitcoin world. He founded Netcoins in 2014, rapidly scaled the company as CEO & CTO to thousands of customers and millions in revenue, before leading the company to public listing in 2018 – notably the first crypto company of its type to be publicly listed. Netcoins, which was acquired by BIGG Digital Assets Inc. (CSE:BIGG) (OTC:BBKCF) in 2018, is now one of the largest and longest operating Bitcoin exchanges in Canada.

Michael is now the CEO of Coinstream, a Bitcoin company aimed at the US market, offering an ultra-simple way for Americans to buy cryptocurrencies. He is also founder and CEO of Encore Ventures, which is involved in the development and incubation/advisory of new startups and technologies in both crypto and tech spaces.

Michael’s specialty is fast-growing startups in disruptive sectors: taking new ideas and products from concept to market to scale, something he has done multiple times in building several multi-million dollar startups. He brings a wealth of experience and knowledge across board, public markets, executive and engineering levels. Michael is regularly interviewed in both Canadian and international media as a thought leader in the crypto industry.

“Bitcoin and the cryptocurrency ecosystem is in a major growth phase, and TechX is very well positioned for rapid growth. The TechX team has already demonstrated a solid track record of success, and I’m excited to bring my sector knowledge and experience in scaling startups to the team,” said Michael Vogel.

As Founder & Chief Strategist at CyberSC, Dominic Vogel holds a proven track record within cybersecurity across a multitude of industries (financial services, logistics, transportation, healthcare, government, telecommunications, and critical infrastructure). Dominic actively participates in the Vancouver security community and is a well-respected cybersecurity expert for appearing on media news outlets across North America and Internationally on BBC World News. Dominic is highly regarded as a cybersecurity thought leader and was recently appointed to the BC Provincial Cyber Security Advisory Committee.

Dominic focuses much of his energy on providing strategic security leadership to technology start-ups and small/midsize businesses to proactively solve their cyber risk challenges. He strives to provide practical cybersecurity advice to his clients and actively turning the security consulting world upside down.

“We are extremely pleased to have these two highly-seasoned experts join the Company during our exciting move into the cryptocurrency space,” said TechX CEO, Peter Green. “We’ve been working diligently to find the best of the best to assist with our vision to drive advancements in crypto and shape the future of digital technology through our team’s ever-growing industry and operational expertise.”

“Michael is a cryptocurrency pioneer who personally founded and bootstrapped two multi-million dollar companies, including Netcoins, which he brought from nothing to $20 million in sales before it was acquired and publicly listed in 2018. Dominic has an equally impressive role within the cybersecurity space and is highly regarded for his deep expertise across several massive industries. I can’t think of two better leaders to add to the TechX team,” he added.

Further, the Company has granted an aggregate 450,000 incentive stock options (the “Options”). The Options are exercisable at $1.19 per share for a period of two years from the date of grant and subject to vesting over two years.  The Options have been granted under and are governed by the terms of the Company’s incentive stock option plan.

diginex:-industry-heavyweights-join-forces-to-debate-the-future-of-digital-money

Diginex: Industry heavyweights join forces to debate the future of digital money

April 15, 2021 Published by

 

EQUOS, the institutional-grade cryptocurrency exchange owned by Diginex (Nasdaq: EQOS), will host a webinar between Roger Ver, the Founder of Bitcoin.com, and Richard Byworth, CEO of Diginex, the first Nasdaq-listed company with a cryptocurrency exchange.

They will debate the ‘Future of Digital Money’ and examine the trigger points that could lead to the ubiquitous use of cryptocurrencies as a means of payment, store of value and settlement.

Following recent news from Paypal, Tesla and Square[1] that they are now accepting crypto as a means of payment, the future of digital money is being debated widely from Central Bankers to crypto investing enthusiasts.

The increasing adoption by institutional investors, and the widening acceptance of crypto as a settlement currency, has seen the market value of the asset surpass $2 trillion for the first time in its history.

During a live event on April 21st, Ver and Byworth will look at the drivers of crypto market value growth, potential headwinds and the progression of two of the best-known cryptocurrencies, Bitcoin and Bitcoin Cash.

The webinar follows the decision by the EQUOS Listing Committee to approve the listing of Bitcoin Cash, which was initially developed by Roger Ver, on EQUOS in March.

The listing followed careful consideration by the committee, which analyses every coin and its underlying blockchain to assess it for its utility, degree of decentralization, current usage and transaction flow, ongoing development effort, innovation over other blockchains and its long-term prospects.

As a core objective, EQUOS aims to list quality projects that align with its own core values of transparency, fairness, innovation and compliance.

EQUOS is proud to host Roger Ver and Richard Byworth in a Live Webinar titled “Roger Ver and Richard Byworth tackle Bitcoin, Bitcoin Cash, and the Future of Digital Money” on April 21st 9am ET/9pm HKT. Register here.

token-naturals-rewarded-standard-processing-licence-for-cannabis-from-health-canada

Token Naturals rewarded Standard Processing Licence for cannabis from Health Canada

April 13, 2021 Published by

 

Token Naturals Ltd. (“Token Naturals“, “Token”) has announced that on April 9th Health Canada issued the company a Standard Processing licence. The privately-owned company is now fully licensed to extract and process cannabis at its central Edmonton manufacturing facility. Token Naturals plans to supply extract and derivative products in wholesale to licensed cannabis producers and direct to consumers through licensed cannabis retailers. Token’s facility was built as an efficient and adaptive processing space, designed with the goal to operate at industry-leading efficiencies and margins. The company intends to submit a Sales Licence application immediately to provide more robust services to their partners.

Token offers private label manufacturing of cannabis and is currently equipped to produce oils, tinctures, topicals, rosin, vapes and edibles. The company is now commercializing the formulations they have been conceptually developing for partners’ products and for Token’s own branded lines. Token is currently in talks with a licensed third party to utilize their sales amendment. This agreement would allow Token to sell their own and their partners’ products directly to distributors and retailers in order to get products to consumers more swiftly.

“We’re looking forward to a new wave of the cannabis industry, one that is more accessible to participate in, more transparent and more responsible in the long term. There is the space and the opportunity to do business differently than we saw in the early days of legalized cannabis,” says Keenan Pascal, founder and CEO of Token Naturals. “Many producers now need outside solutions for their cannabis manufacturing, whether that’s because they want to focus on growing great flower or they don’t have the space and capacity in-house. We’re providing customers with a wider range of product formats, and we are doing so with a diverse workforce and a different way of thinking about the industry: looking at the long term.”

Token is minority-led and majority owned by shareholders who identify as visible minorities and/or women. As the most centrally located cannabis facility in Edmonton, Token is also the closest licensed manufacturer to Alberta’s cannabis distribution board, AGLC.

The licence currently allows for manufacturing in the first phase of Token’s facility which occupies 8,300 square feet of the larger building. While concurrently manufacturing in their licensed phase one space, Token will develop an additional 13,500 square feet holding extraction, storage and laboratory spaces. Phase two, which is expected to be completed in early 2022, will hold a proprietary, continuous throughput cryo-ethanol extraction system that is fully process-engineered. This system has the power to collect a higher yield from biomass, which results in higher output, higher margins and less waste without compromising on quality and purity.

In addition to providing white-label manufacturing, Token plans to release their own consumer line of cannabis products. They are now preparing to enter the market with THC and CBD drink shots, complimenting the increasingly popular beverage additives space. The decision to enter both the B2B and B2C markets was an intentional exercise to provide the best possible service to manufacturing partners. By operating in both, Token can pass their experience bringing products to market on to their partner brands.

Token’s team brings unique experience and success in the consumer packaged goods space. The company also manufactures and distributes Token Bitters, a line of cocktail bitters sold across Canada and exported to Asia. Token Bitters is Alberta’s leading bitters brand and the company will rely on this key network and brand expertise to launch their cannabis products.

ev-battery-tech-added-to-tech-megatrend-etf-and-provides-corporate-updates

EV Battery Tech Added to Tech Megatrend ETF and Provides Corporate Updates

April 12, 2021 Published by

 

Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech“) (CSE: ACDC) is pleased to announce it has been added to the Tech Megatrend Exchange Traded Fund (ETF).  The Company also provides preliminary revenue guidance and general corporate updates.

Added to the Tech Megatrend ETF

The Company has been added to the HAN-GINS Tech Megatrend ETF (LSE:ITEP, NYSE:ITEK) (“Tech ETF“).  The portfolio contains trending public companies in the technology, blockchain and EV / battery sectors.

Technology Sector

Blockchain

EV / Battery Tech

Name

Ticker

Name

Ticker

Name

Ticker

Apple Inc.

NASDAQ: APPL

Riot Blockchain Inc

NASDAQ: RIOT

Tesla Inc

NASDAQ: TSLA

Alphabet Inc.

NASDAQ: GOOG

Hive Blockchain Technologies Ltd.

TSXV: HIVE

Volkswagen AG

FRA: VOW

Microsoft Corp

NASDAQ: MSFT

Voyager Digital Ltd

CSE: VYGR

Toyota Motor Corp

NYSE: TM

Netflix Inc

NASDAQ: NFLX

Galaxy Digital Holdings Ltd.

TSE: GLXY

Plug Power Inc

NASDAQ: PLUG

Source: https://www.hanetf.com/UsersFiles/HanETF/Documents/349/20210406-ITEK-Holdings.xls 

For a full breakdown see: https://www.hanetf.com/product/3/fund/han-gins-tech-megatrend-equal-weight-ucits-etf-acc

“We are honored to be added to an ETF with a portfolio of such established companies,” states EV Battery Tech CEO Bryson Goodwin.  “This is a clear sign of a high performing fund showing faith in our team, technology and Company.”

Tech ETF is a UCITS compliant Exchange Traded Fund domiciled in Ireland. ITEK tracks the Solactive Innovative Technologies Index (Net Total Return), an index of leading companies that are driving innovation in sectors including robotics & automation, cloud computing & big data, cyber security, future cars, genomics, social media, blockchain and digital entertainment. Tech ETF trades on the following exchanges: LSE (ITEK LN); BORSA (ITEK IM); XETRA (T3KE GY); and SIX (ITEK SW).

The fund is currently targeting growth in the blockchain sub-sector and has recently added 11 new blockchain holdings, up from two (2). For more information, please visit: https://roseferro.com/2021/03/tech-megatrend-etf-rebalances-to-focus-on-more-blockchain-stocks/

24-Month Revenue Guidance

Pursuant to the technology partnership agreement dated February 5, 2021 between the Company, the Company’s wholly owned subsidiary IoniX Pro Battery Technologies Inc. (“IoniX Pro“), and Daymak (the “Technology Partnership Agreement“), the Company has the first exclusive right to provide battery products to all of Daymak’s products. For further details on the agreement, please refer to the announcement on February 8, 2021. While the batteries themselves are normally sold at prices resulting in margins of approximately 10%, all EVs produced by Daymak are anticipated to be powered by the customized IoniX Pro Lithium-Ion battery pack, which will be equipped with the Company’s patented AI-powered battery management system (“BMS“).  The BMS will carry higher margins than the batteries and therefore the Company anticipates blended margins of approximately 25%.

Daymak estimates that over 30% of its production cost will be in the battery systems, including the BMS.  Since signing the Technology Partnership Agreement, the Company has already received purchase orders for $2 million dollars worth of battery systems, for just its existing LEV vehicles.

On April 6, Daymak made a guidance news announcement. For a full copy of Daymak’s press release, please follow this link: news release dated April 6, 2021.

Given Daymak’s recent announcement, the Company projects that it could generate revenues of up to $300 million in the next 24 months, from the Daymak partnership. The Company estimates that the costs associated in generating this revenue will be $225 million, resulting in profits of up to $75 million. The Company expects to see significantly higher margins with their retail products compared to the margins from the sales related to the Daymak partnership. The margins associated with Daymak’s projections are lower since Daymak is a partner and the sales to Daymak will be at wholesale (as opposed to retail) prices.

“Investors have been calling and asking for clarification on our revenue plans. I am pleased to articulate and demonstrate the importance and magnitude of this very beneficial relationship we have built with Daymak.” Commented Bryson Goodwin President and CEO.

“If you look at the EV trends over the last three years combined with clean energy initiatives going on across the globe, Daymak believes it is in a prime position to achieve superior sales,” commented Daymak CEO, Aldo Baiocchi.

According to EV-Volumes, EV Sales Volumes have been growing at over 100% month-over-month growth since July of last year.

The Company also continues to build its sales and distribution networks for its line of IoniX Pro Energy Storage Systems (ESS), including:

  • the Home SmartWall, for which it expects deliveries to commence in Q4 of 2021;
  • the TITAN EnergyCore, for which it expects deliveries to commence in Q3 of 2021;
  • the RV Freedom, for which it expects deliveries Q3 of 2021; and
  • the EV Smart Charger, for which it expects deliveries to commence in Q1 of 2022.

The Company also continues to develop blockchain platforms, which will serve as the backend infrastructure for the entire IoniX Pro product line up and will be customizable for use for third parties.

“The demand for our IoniX products has been extremely encouraging given they were all launched within the last 3 months,” commented IoniX Pro’s Chief Innovation Officer, Robert Abenante.  “However, this recent partnership with Daymak has been particularly exciting given the rapid increase in orders for our battery systems.” continued Mr. Abenante.

The sales and revenue projections are subject to the forward-looking information and risk factors included below. See: “Forward Looking Information” and “Risk Factors”.

The Daymak EV line is anticipated to be ready to hit the streets starting in 2022 with Terra Ebike and Tectus Mobility followed by the Spiritus in 2023. For more information on pre-orders or to see a live counter of pre-order sales, please visit www.daymakavvenire.com.

Corporate Updates and Highlights

The Company is pleased to announce that its IoniX Pro RV Freedom battery, and IoniX Pro SmartWall have begun the manufacturing stage, and both products are expected to have the first versions landed in Canada by Summer 2021.

The Company is pleased to announce that Mr. Robert Abenante will be assuming the role of Managing Director in its subsidiary IoniX Pro.  Mr. Abenante currently holds the title of Chief Innovation Officer and will now also assume the head of the Company’s battery products and services subsidiary.

The Company recently closed the first tranche of its previously announced private placement, as stated in its news release dated April 6, 2021.

On behalf of the Company,

Bryson Goodwin,  
Chief Executive Officer

umbria-network-announces-second-airdrop-of-100,000-umbr-tokens

Umbria Network Announces Second Airdrop of 100,000 UMBR Tokens

April 12, 2021 Published by

 

Umbria – the layer 2 DeFi protocol – is implementing another round of free distribution of its native governance token ($UMBR).

Anyone holding a minimum of 100 UMBR or two UMBR-ETH Liquidity Pool (LP) tokens at the time of the snapshot will be eligible to claim a share of the 100,000 UMBR airdrop directly into their MetaMask wallet on May 15th. Those who have staked their UMBR-ETH LP tokens in the Umbria Farm will also qualify whilst simultaneously earning an attractive APY.1

The amount of UMBR airdropped to participants will be proportional to their UMBR and UMBR-ETH LP holdings (or stake) relative to the total amount of tokens held by the community at the time of the snapshot. UMBR holders will receive a portion of 33.4% of the 100,000 UMBR airdrop allocation and those that provide liquidity to the UMBR-ETH liquidity pool in Uniswap will receive a share of an allotted 66.6% on the 15th of May.

The snapshot of the Ethereum blockchain will be taken on April 15th at 5pm BST and will take note of all holders of each token. Those eligible need to visit airdrop.umbria.network and press the “Claim Airdrop” button on May 15th to get their share of the airdrop.

Further details can be found here: https://airdropalert.com/umbria-airdrop and more information is included in the Airdrop FAQs. The Umbria Airdrop Bounty Program offers a number of ways to earn UMBR in return for completing different social media tasks to help promote the Umbria Airdrop. Find out more by visiting our Medium blog.

Umbria (https://umbria.network/) is an opensource project on a mission to demystify and simplify DeFi and get people earning income on their crypto. The project’s governance token

UMBR is available on Uniswap. UMBR-ETH Liquidity Pool Tokens – which qualify for a larger proportion of the airdrop – are obtained by adding liquidity to the UMBR-ETH Liquidity Pool on Uniswap; the pool recently hit $1 million in liquidity.

“The first airdrop was very well received and we’re seeing a lot of UMBR holders depositing into the Umbria Farm to additionally capitalise, which is great for the whole Umbria Network ecosystem,” said Oscar Chambers, Co-Lead Developer at Umbria. “With the next airdrop we’re looking forward to rewarding existing holders further and introducing new participants at this early adoption stage.”

crypto-platform-kikitrade-completes-us$8m-pre-series-a-funding

Crypto Platform Kikitrade Completes US$8M Pre-series A Funding

April 9, 2021 Published by

 

Cryptocurrency social investment platform Kikitrade today announced that the company has completed Pre-series A funding of USD 8 million, co-led by Dragonfly Capital, Cherubic Ventures and Animoca Brands who also joined the Board of the Company. By providing a user-friendly, secure and fun user experience, Kikitrade aims to attract the millennials and everyday people to invest in crypto assets with ease, and contribute to the democratization of cryptocurrency in the long run.

Renowned Investors Betting on Strong User and Team Traction 

The Pre-A series funding was co-led by Dragonfly Capital, a blockchain venture fund affiliated with Sequoia Capital, Cherubic Ventures, a venture capital that has invested six unicorns globally, and Animoca Brands, a blockchain gaming giant founded by tech legend Yat Siu. Other investors include Ethereum Co-founder Joseph Lubin and his new fund in stealth, Singaporean venture capital Vulpes, Super Chain Capital, Australian venture capital Artesian, Head & Shoulders X in Hong Kong, Chinese blockchain fund SNZ and more.

With profound experience in FinTech, Kikitrade Co-founder Allen Ng said, “My singular goal with Kikitrade is to lower the entry barrier of crypto investment and provide everyday people with the necessary tools and knowledge required.” Dragonfly Capital Partner Mia Deng said, “Attracting the millennials and Gen-Z with first-class user experiences is an important trend in FinTech. We like Kikitrade’s strategies and look forward to driving the mass adoption of crypto together.”

Kikitrade’s solid and diverse team background is also a key consideration for the investors. The team comprises experienced engineers, hedge fund traders, investment bankers and crypto enthusiasts with in-depth knowledge in both financial and blockchain industries. Cherubic Ventures Managing Partner Tina Cheng said, “Kikitrade’s professional team has both excellent product development capabilities and extensive marketing resources. We are very bullish on its future growth and the vision of driving crypto’s mass adoption”.

Enhancing “Social” and “Gaming” Elements for Millennials

Sean Tao, another Co-founder of Kikitrade, has built and operated multiple social products for millennials before. A heavy gamer himself, Sean aims to integrate “social” and “gaming” elements to Kikitrade, enabling peer interaction and gamified experience. Animoca Brands CEO Yat Siu said, “NFT’s are the standard for true digital property rights and the next development of the Metaverse requires easy to on-board financial services, and we believe Kikitrade could become an influential financial onboarding platform for collectors and gamers globally.”

Entering New APAC Markets and Introducing New Features

Granted a Digital Asset Exchange Provider Qualification from the Australian government, Kikitrade has plans to apply or acquire more licenses in APAC. The compliant platform upholds a high standard on identity verification (i.e KYC), anti-money laundering (i.e AML) and asset segregation, striving for a secure and reliable crypto investment experience. To address the common misperception of the high costs associated with crypto, Kikitrade sets its minimum investment amount at US$1. In addition, Kikitrade provides crypto-based saving features and regular investment plans targeting beginners and long-term holders.

The investment proceeds will accelerate the user acquisition in the fast growing APAC markets, including Taiwan, Southeast Asia and Australia. Kikitrade will also continue to optimize its existing trading system, enhance its educational content and create an easy-to-use Non-Fungible Tokens (NFT) and Decentralized Finance (DeFi) portal. Kikitrade is highly committed to becoming the best partner for mainstream investors in their forays into the crypto universe.

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