Tag: funds
Dexalot: Brings CEX Functionality to a Decentralized Trading Platform
Dexalot is a unique decentralized platform that has the goal to deliver the traditional centralized exchange platform experience through a decentralized application on-chain. You only need your crypto wallet. There are no intermediaries, swift transactions, and no custodial ownership. Users can maximize their investment with low fees and with new features in the future and [...]
The post Dexalot: Brings CEX Functionality to a Decentralized Trading Platform appeared first on Blockonomi.
GOGE Genesis Update – Pioneer Crypto-Based Virtual Nation, GOGELAND Set to Be Launched
Montreal, Canada, Feb 9, 2022 - (ACN Newswire) - GOGE, an experimental, community-led, and innovative project that aims at revolutionizing the world in every way possible, has announced the launch of GOGE GENESIS, a product that will spearhead the segue into the world of decentralized autonomous organization [DAO].
Through this update, GOGE is pronouncing itself the world's foremost crypto-based virtual micronation called GOGELAND—a sovereign and independent nation. Citizens of this nation will decide on their future, flag, purpose, anthem, coat of arms, official dossier, etc. This will further carve GOGE's name into the history books, alongside its native token—$GOGE—which will become the elemental currency of a nation.
Scheduled to be phased out in different phases throughout February 2022, all information regarding this update will be relayed by the GOGE team on all of its social media accounts.
GOGE has planned a ton of AMAs [Ask Me Anything] to be held on different dates throughout February 2022 and community members are encouraged to participate, ask questions, share suggestions and insights. Coalesced with these declarations, GOGE will kick-start a massive marketing campaign to spread the gospel of this community-led, innovative LGBTQ-focused crypto project. To achieve this, GOGE has entered an official partnership with Flexe.io, a marketing agency.
Transition into a DAO
The segue to DAO will see the GOGE project become the fundamental government run by a DAO in the trillion-dollar crypto space. Promising a truly decentralized, transparent, community-led, and self-governed project, $GOGE token holders will benefit greatly from staking their tokens. Besides the offering of sizable rewards in the form of $CAKE, $GOGE holders will become key members of the project—making suggestions and voting on the suggestions presented.
Contracts, team, and marketing wallets will be owned and controlled by DAO and $GOGE owners will reserve the right to vote on how these funds are used. Like what is obtainable on other DAO-powered projects, the amount of $GOGE held will determine a community member's voting power.
Running a truly decentralized and democratic project, GOGE has simplified the voting process. $GOGE token holders will, on the updated V3 website, use the Dashboard to make proposals that will then be voted on by other community members. Once results are collated, these proposals are immediately and automatically implemented.
In an attempt to pass an external audit which has become a prerequisite to the trustworthiness of a crypto project, all previous contract problems users have encountered before this time has been duly resolved by the $GOGE founding team.
The pre-eminent LGBTQ-focused crypto project in the budding space, GOGE has donated over $10,000 to 3 LGBTQ charities in recent times and has been listed on CoinGecko and CoinMarketCap—two of the leading crypto analytics websites.
Rewards for $GOGE Holders
GOGE as the foremost micronation on the blockchain has rewarded community members with over 1.3 million tokens. Currently, due to the recent dip in the market, GOGE is holding strong at $2.5million, which is a GREAT entry point from the projects all time high of $17.7 million. The project has established over 4,500 strong holders reading to break the crypto space with the transition to a DAO.
With $20,000 rewards shared in a ton of contests, thousands of token rewards from trivial games, and the $GOGE token listed on CoinW, GOGE has created NFTs that will be shared amongst its token holders. These NFTs, as told by the founding team, will be the world's foremost NFT passports.
NFT Passports
Leading the way in the introduction of NFTs as digital identification on the blockchain, GOGE has initiated NFT Passports. In concomitance with the virtual micronation—which GOGE is the foremost leader—NFT passports will act as the official passports for citizens of GOGELAND. Limited to a specific amount and can be exclusively owned by buying and burning $GOGE tokens, it will be customizable—allowing owners to personalize them based on individual preferences.
Recent Achievements
Innovation, sheer willpower, leadership qualities, and compassion are requisites to becoming the next top dog coin. The GOGE team possesses all of these and through the introduction of prodigious upgrades such as this, GOGE is cementing its stance as the next top dog coin in the crypto market.
- Remarkably, it has managed to achieve a ton of feats in the shortest time possible. The pioneer LGBTQ-focused project, GOGE has;
- Rewarded token holders with over 1.3 million tokens.
- A market cap at an all time high of $17.7 million and is currently listed on CoinGecko and CoinMarketCap.
- Spent $20,000 in a plethora of contests, given out thousands of rewards in trivial games, and has been listed on CoinW—a centralized exchange.
- 5000 token holders and over $10,000 donated to three LGBTQ charities.
- Featured on Yahoo Finance and has, in the last couple of months, airdropped handmade yet exclusive NFTs to token holders.
- Partnered with io to achieve its massive marketing campaign goal.
About GOGE
GOGE is an innovative, experimental, and community-driven project created specifically to unite humans from all over the world. The leading Gay Doge family member, GOGE will build an international, safe, reliable, and ever-growing virtual community for everyone. It will also reward community members with $CAKE for holding and staking its native token, $GOGE.
Social Contact
Twitter: https://twitter.com/DogeGaySon
Telegram: https://t.me/DogeGaySon
Medium: https://medium.com/@DogeGaySon/
Discord: https://discord.com/invite/K4vKhx5uqg
Facebook: https://www.facebook.com/Dogegayson
Instagram: https://www.instagram.com/dogegayson/
YouTube: https://www.youtube.com/channel/UCB8cqeE-T7tjP2JIozKxo2g
Litepaper:
https://goge.showoffmarketing.com/wp-content/uploads/2021/11/6182996d6e5e6b621754741e_GOGE-LITEPAPER-V.5.pdf
Media Contact
Brand: GOGE
Contact: MoonGoge, Developer
Email: [email protected]
Website: https://goge.co
SOURCE: GOGE
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
Hector Finance Launches $TOR: The Stablecoin
Bristol, UK , Feb 9, 2022 - (ACN Newswire) - Hector Finance has launched its much-awaited stablecoin named TOR that will play a key role in the overall Hector ecosystem. TOR stands for Tyche Owned Reserve. According to Wikipedia, Tyche was the governing tutelary deity who oversaw a city's wealth and prosperity, as well as its fate. She is the daughter of Aphrodite and Zeus or Hermes in Greek mythology, and her role at the time was to deliver messages to humans about external occurrences beyond their control. Tyche is the Greek goddess of luck, chance, providence, and fate.
Terra, one of the most successful algorithmic stablecoins in the space, is the inspiration behind TOR. TOR has the goal of making $HEC more deflationary while also providing the Fantom chain with its own algorithmic stablecoin.
TOR is a new ERC20 coin that can only be created by burning HEC. The HEC pricing oracle, built with Time Weighted Average Price, can be used to swap TOR for newly minted HEC. Oracles are an important part of any stablecoin's base functionality. In the context of blockchain technology, an oracle is a mechanism designed to supply data to smart contracts. In general, a Stablecoin is only valued and trusted if its price remains constant. The price of TOR is $1. What kind of 'backing' does it have? TOR's backing is made up of two layers:
- Smart-contract algorithms and the HEC/stable LP
- The $100,000,000 Hector Finance Treasury
Hector Finance will enable yield farming for the TOR/Stablecoin Curve pools. These pools will help with HEC trading, which we'll go through in further detail in a subsequent article. The gains from Hector Finance Treasury Investments and HEC's emission plan will generate the yield. We aim to provide an APY of at least 20%, making TOR yield farms competitive in the market and providing the most consistent yield farming on the FTM chain.
How does TOR work?
The Hector utility coin (HEC) is the TOR Stablecoin's counterpart. Hector's price rises when demand for TOR rises, according to supply modulation. The primary mechanism for keeping pegs in place is expansion and contraction. TOR's stability is ensured via a simple swap mechanism: at any time, 1 TOR can be switched for 1 dollar's worth of HEC. If the value of TOR falls below $1.00, buyers can purchase it and use the method to redeem it for $1.00, allowing them to profit. Demand for TOR rises when buyers do so, causing the price to rise again until it reaches $1 USD. These financial incentives function quickly to keep TOR stable.
Since Hector Finance owns the majority of HEC/DAI, HEC/USDC, and HEC/frax, sufficient liquidity is ensured when a TOR redeem operation occurs. Despite the existence of a curve pool as "Layer 0" for shifting TOR back and forth, it is still needed to mint/redeem on a much less frequent basis. The price of HEC will (slightly) increase or drop as a result of the mint/redeem at Layer 1. Although the price of HEC has no impact on the minting/redeeming of TOR in Layer 1, if the price of HEC drops more than expected/wanted, the Hector Finance treasury will be used to stabilize the value of HEC through buybacks and burns.
Hector Finance's goal of combining the rebase model with enhanced scarcity will be made possible thanks to TOR. Deflation is the ultimate goal. Because TOR can only be minted by burning HEC, the demand for HEC rises as well. TOR will soon be available for use as collateral in Hector Bank, the decentralized lending and borrowing network built by Hector Finance in partnership with Ola Finance. When TOR is deposited into the lending pool, an oTOR token is provided to the supplier, and the oTOR bears all of the lending interest.
The Road Ahead for Hector Finance
Hector Finance aims to bring as much value to the $HEC token as possible. The project's main goal is to achieve zero inflation so that everyone's share of the pie grows over time. The supply will eventually be lowered to the point where it reaches a number that allows for sufficient burns while also providing competitive rewards. What steps will it take to become deflationary? They will mix the best of both worlds: a rebase project with a competitive APY (in comparison to farming and node projects), as well as an extensive ecosystem of utility to boost the HEC token's value.
The demand for the HEC token will rise as the token's utility grows. With the addition of utility to the token, APY becomes less essential over time, as the value of purchasing the token is now a combination of APY rewards and price increases due to demand and burns. Hector's project revenue is deposited into the DAO Wallet, with excess funds going into marketing, development, salaries, and, most importantly, buybacks and burns.
To learn more about Hector Finance visit Hectordao.com
Social Links
Twitter: https://twitter.com/HectorDAO_HEC
Telegram: https://t.me/hectorDAO
Reddit: https://www.reddit.com/r/hectordao/
Youtube: https://www.youtube.com/c/HectorDAO
Instagram: https://www.instagram.com/hectordaohec/
Medium: https://medium.com/@HectorDAO
Discord: https://discord.gg/hector
Github: https://github.com/HectorDAO-HEC
TikTok: https://www.tiktok.com/@hector_dao
Buy HEC on Fantom: https://docs.hectordao.com/how-to-buy/for-users-already-on-the-fantom-network
Buy HEC on FTMScan: https://ftmscan.com/token/0x5C4FDfc5233f935f20D2aDbA572F770c2E377Ab0
Media Contact:
Brand: Hector Finance
Name: Henry Davis
Mail: [email protected]
Website: https://hectordao.com/
SOURCE: Hector Finance
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
Aditya Birla Sun Life AMC Limited’s offshore arm appoints Sarath Sathkumara to head investments for its international business
Aditya Birla Sun Life AMC Limited is the fourth largest asset manager in India with total assets under management of close to $42 billion. The publicly listed company has its presence in over 280 locations pan-India and present in international markets such as Dubai, Singapore, and Mauritius. It also operates via UCIT to cater to European markets. The company recently received approval from International Financial Services Centres Authority (IFSCA) to carry out Portfolio Management Services from GIFT City in India that will help to expand its reach and service to global clients. Aditya Birla Sun Life AMC Limited's offshore subsidiaries manage money to the extent of USD 1.32 billion. ABSLAMC is a subsidiary of Aditya Birla Capital Limited (a non-bank financial services conglomerate), and investment manager to Aditya Birla Sun Life Mutual Fund (ABSLMF).
Commenting on his appointment, Mr. A. Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC Limited said, "We are delighted to have Sarath Sathkumara come on board. He is a seasoned global emerging markets investor with over 30 years of experience in international capital markets and investing. His rich experience, illustrious background and in-depth knowledge of global markets will be an instrument in capitalizing overseas opportunities and launching investment solutions that cater to the needs of international investors. This further strengthens our overseas presence and aligns with our strategy of expanding our offshore business. Sarath will initially focus on launching ESG centered products, along with relevant solutions to cater to GIFT City and overseas clients".
In his current role with ABSLAMC's offshore arm, Sarath has joined as CIO International. Most recently, Sarath was the Managing Director/Portfolio Manager for Taiyo Pacific Partner's India engagement investing business, starting the business 10 years ago and building it ground up. Prior to that, he has worked as a Chief Investment Officer of SBI Venture Capital in Singapore. From 2002 to 2008, Sarath was a Senior Portfolio Manager with the State Street Global Advisors' Active Emerging Markets Group (AUM $12bn), focusing on Asia and MENA regions. Before that Sarath spent 7 years with Capital International in Singapore as part of Capital International's Emerging Markets team (AUM $24bn). He was instrumental in building and running Capital's India business from 1993, the year India opened for foreign investment and witnessed India's capital market transformation. Before that he was with HSBC Group for 10 years in investment and corporate banking in Dubai, San Francisco and New York.
About Aditya Birla Sun Life AMC Limited
Established in 1994, Aditya Birla Sun Life AMC Limited (ABSLAMC) is a joint venture between the Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. ABSLAMC also operates multiple alternate strategies including Portfolio Management Services, Real Estate Investments and Alternative Investment Funds. ABSLAMC is one of the leading asset managers in India, with a pan India presence across 280 plus locations and a total AUM of over Rs. 3,109 billion under its suite of mutual fund (excluding our domestic FoFs), portfolio management services, offshore and real estate offerings and 7.6 million investor folios for the quarter ending December 31, 2021.
For any media queries, please contact:
Amrita Panja
Email: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAditya Birla Sun Life AMC Limited's (ABSLAMC) offshore subsidiary has appointed Mr. Sarath Sathkumara to lead investments for its international business.
Opal aims to assist SMEs by making business transactions more efficient in the new normal environment
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The Global Digital Business Account is an ideal financial tool for SMEs with global ambition and outreach. It provides named accounts to Opal's customers, making it convenient for their customers to receive payments quickly in major markets such as the US, UK, EU, and others.
Opal's new product offering also provides access to local payment networks in 21 countries. This allows payment to be made quickly and cheaply in countries such as the US, UK, Euro, China, and others. It provides easy access to these markets without the need to set up business operations in these territories.
Lim Ming Wang, Co-founder of Opal said, "We are aware SMEs face hurdles when it comes to business transactions on a global scale. They often face high charges and barriers such as unreasonable costs and delayed timings, while making payments or receive payments for their business. These issues are amplified in this post-covid era where cashflows need to unimpeded and every cost-saving is vital to a company's financial health."
He added "With the Global Digital Business Account, these issues are addressed and resolved. Our customers can operate almost like a local in various markets, with the same agility. It gives them the same advantage as larger MNCs and provide access to markets without the need to set-up business operations in multiple countries."
The Opal Global Digital Business Account can receive funds from up to 33 different currencies and send funds via a local payment network for 21 currencies. With its ability to receive, send, hold and convert funds, it helps SMEs streamline their business transactions and enjoy greater efficiencies.
It will provide great value to SMEs around the region who need to collect, make international payment via local network, and hold funds in multiple currencies
About Opal
Opal is a neo bank designed to best serve companies with international trade or business with transparent, safe, and easy-to-use financial-business solutions. Opal is a leading provider of end-to-end, regulated payments and financial solutions based on robust, proprietary technology. Opal offers businesses a broad set of financial solutions (consisting of multicurrency global digital business accounts, cross-border payments to 180 countries, local payments, named accounts, escrow, and a suite of financing/credit products) to help clients meet their diverse needs in today's ever-changing financial and business environment.
Opal is a leading provider of end-to-end, regulated payment solutions based on a robust, proven platform and proprietary technology. Opal is licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore. For more information, please visit www.opalpayment.com
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comOpal, a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) has launched a Global Digital Business Account for SMEs. This latest product offering from Opal will allow businesses access to a less costly and more convenient form of international payment and cross-border banking.
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