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Tag: Know Your Customer

Aave Launches New Liquidity Pool With 30 Institutions Already On Board

Aave has launched its new permissioned liquidity pool for institutions wanting to engage in decentralized finance (DeFi) activities in a compliant manner. The service, called Aave Arc, is a decentralized liquidity market that will require all participating instutionts to abide by anti-money laundering (AML) regulations and Know Your Customer (KYC) verification. The first institution on […]

The post Aave Launches New Liquidity Pool With 30 Institutions Already On Board appeared first on Coin Bureau.

Permissioned DeFi protocol Aave Arc goes live on Fireblocks

Firebox, a software platform for custody, managing treasury operations, accessing DeFi, minting & burning tokens, and managing digital asset operations, announced that Aave Arc, a new permissioned DeFi liquidity pool for institutions, is now live with Fireblocks as the very first active white-lister for the protocol. Aave Arc is a DeFi liquidity market designed to […]

The post Permissioned DeFi protocol Aave Arc goes live on Fireblocks appeared first on CryptoNinjas.

Taipei Fubon Bank revamps private banking tech with Avaloq

The roll-out will start in Hong Kong and Singapore, followed by the onshore market of Taiwan.

5 Ways to Ensure the Security of Your Crypto Exchange

The cryptocurrency market as a whole has seen explosive growth a decade down the line making many lucky investors rich through different innovations, from price surges to NFTs. However, this growth has not been without challenges. Security remains a significant concern as fraudsters find new ways to hack exchanges and users’ wallets. What makes cryptocurrency […]

The post 5 Ways to Ensure the Security of Your Crypto Exchange appeared first on Quillhash Blog.

BNPL: High Reward, High Risk?

Buy Now, Pay Later has finished 2021 strong, the new payment model seeing strong adoption over the past 12 months particularly as the pandemic forced a number of shifts to consumer spending habits. The biggest platforms continue to expand – BNPL company Klarna recently extended its services to incorporate all online retailers, whether they’re Klarna partners or not – but while they and other players have reaped the rewards, the longer-term potential pitfalls of the product are only beginning to be visible as data becomes available. In a recent survey from Pipslay, some 43% of Gen Z respondents reported they’d

The post BNPL: High Reward, High Risk? first appeared on FinTech Rising.

Time x Space Reaches 5K+ Holders as it Strives to Take Crypto to the Next Level

Time x Space is a unique project seeking to build a steady and high price floor for holders of its token and help the world by contributing to various science-related causes. Driven by a core team of five members with vast experience in the blockchain sector, the new platform aims to become one of the biggest names in the crypto space.

The TIMEXSPACE token currently has a market cap of just over $1M, per data from coinmarketcap, making it a low cap gem that can deliver high ROI to early investors. 

Time x Space's Commitment to Science and Medical Enhancement 

Time x Space's backers are committed to helping the Earth become a better place. To this end, the project will collect and send resources to science and health-related charities. 

So far, Time x Space has donated over $25K to the Health & Medicine Cause Fund, Technology & Science Cause Fund, and Mental Health Cause Fund; more nonprofit funds will receive resources from the donation pool in the future.

Time x Space is also utilizing the services of the leading nonprofit-specific solution, The Giving Block, to ensure that the donations are dispersed efficiently and safely.

A look at the Time x Space Tokenomics

Time x Space deploys excellent tokenomics designed to reward holders, fund development activities, and donate resources to various science charities in need.

The smart contract deducts 10% from each transaction, with 2% going straight to holder rewards and 2% into project development. A further 2% is channeled to the marketing wallet to help with promotions to grow a strong community that will support the project for the long haul.

Meanwhile, an additional 2% of each transaction goes toward adding liquidity to the Time x Space pool. This auto-added liquidity facilitates seamless trading and creates a steady and high price floor for holders. 

A final 2% is sent toward charitable organizations focused on science and technology advancements that help create a healthier and high-tech world.

Aiming Towards a Rug-Proof Project

The Time x Space founders have submitted their smart contract for two thorough audits by InterFi and audits.finance. Moreover, the platform's Know Your Customer (KYC) checks have been performed by audits.finance, and Pinksale Finance to instill trust in users.

What's more, the Time x Space team locked initial liquidity on Pinksale for 120 days. The lockup period will be extended after it lapses, guaranteeing that the project backers cannot orchestrate a rug pull. 

The platform regularly burns LP tokens from the auto-added liquidity function, tightening TXS supply while making it impossible to remove liquidity at any time. The team destroyed $2500 worth of TIMEXSPACE in the latest burn session; they plan to continue taking more tokens out of circulation to maintain the deflationary status of TXS.

To connect with the Time x Space community, check out the resources below:

Website | Telegram | Twitter | Instagram | Reddit | Facebook | Youtube | Medium |

How Do Banks and Other Financial Institutions Benefit from AI

AI is revolutionizing the banking and financial sector. Read this article to get to know why banks need to introduce AI-based solutions in...

Introducing a New NFT Gaming Network Brute Force Fight

Similarly, in the blockchain and the crypto sector, the idea of NFT gaming has gained momentum very fast. Platforms like Axie infinity and many others have been benefiting vastly from the NFT craze in 2021. Gamers have gotten a new way of earning and maximizing incomes while gaming. Brute Force Fight is an example of a platform that aims to benefit from the NFT craze and simultaneously help users earn passive income while gaming. 

Brute Force Fight defines itself as an NFT gaming network designed with a top gaming experience for players. It combines the concept of NFT gaming with Defi tokens thus is a play and earn platform.

How does the Brute Force Fight gaming network work? Please keep reading to see more about this platform and why December 2021 will be significant for them.

Brute Force Fight Game Description 

Brute Force Fight combines NFT and Defi to offer an excellent experience to gamers. It uses the PvP and PvE game modes with a storyline of space exploration.

The universe was enjoying some peace until the discovery of interplanetary mining. Now, people from all over the universe, planets, and races are fighting to take control of space resources. In this game, you have to battle against other space pirates and win. The pirates may include other real-world players, AI-controlled ships, and other dangers.

In the game, players have the freedom to form federations. Federations are team-ups with other players. These federations can fight with other federations to take control of the given resources.

The concept of the Brute Force Fight gaming network is to allow players to mine resources and conquer other planets. When conquering, the teams will attack, set base, and fight other bases. Once you and your friend (federation) conquer a planet, you can continue mining.

Aside from conquering, you can also get into trade activities with other federations, bases, and nations. More so, since this is an interplanetary game, you can search for contacts with other races.

The $BFORCE Token

To power the entire network, Brute Force Fight introduced a native token, $BFORCE. $BFORCE is a BEP20 token that will help in different services within this ecosystem. Among the services include payment and exchanges.

According to their documents, they have a maximum supply of 10 million $BFORCE tokens. However, in the coming presale, they cap a total supply of 10 million tokens. The network distributes the tokens as follows;

  • 50%, 5 million go to the community during the ICO

  • 4 million tokens, 40% go to 3 Month lock for Game NFTs Marketplace

  • 0.5 million tokens, 5% will be released through vesting, 1% per week for marketing 

  • 2% will help in marketing works.

  • 2% for game development

  • 1% for private sale airdrop

Other Features

Audit and KYC

Brute Force Fight had Solidproof audit their smart contracts to secure the player's and investors' funds. The idea of auditing contracts is to ensure they are not vulnerable to external or internal attacks. Auditors often check the code to ensure it's correct and has no errors. Hence, the contract will not be a threat to the gamers in this network.

Aside from the audit, Solidproof conducted a KYC scanning of the Brute Force Fight team. KYC, Know your customer, basically involves looking deep into the people around the project. In this case, the persons who are given a more profound look are the team members. The intention is to see whether the team members have any money fraud issues.

However, the audit and KYC report will be released once Solidproof is through with the process. The report will be available via the website and social media pages.

The BSC Base

The Brute Force Fight gaming network took its base in the Binance smart chain. But why? Ethereum, which provides smart contract support, is currently facing tons of issues, including lacking scalability.

However, BSC was developed to be the alternative for Ethereum. Hence it's scalable and has high speeds. The Brute Force Fight will therefore have an easy time expanding and serving more gamers globally. This gaming network is consequently looking into its future.

NFTs Shopping

The Brute Force Fight network also introduced an NFTs shopping in-game market. Users of this market will leverage $BFORCE native coin to buy and sell NFTs.

According to them, this online in-game marketplace will be available to gamers and everyone else.

Accordingly, the network will be airdropping NFTs to players. The trading platform will enable players to exchange the NFTs with $BFORCE tokens.

Brute Force Fight Team

The Brute Force Fight team is made up of several people, all majoring in different fields. Among the tasks worked on by the team include, 

  • Software Engineers

  • Designers

  • Marketing Manager

  • Social Media Experts

However, the network has not fully displayed the names of the tea members. Hopefully, they will do so soon.

Developments Coming Soon

According to their social media pages, December will be a big month for the Brute Force Fight network. One of the significant happenings this December will be the token presale. Starting December 7th, Brute Force Fight will launch the ICO on the Unicrypt launchpad. So, ICO investors can spare December 7th to participate in this presale. 

Brute Force Fight intends to sell 5 million tokens by the end of the ICO. Their target hard cap is 2000BNB. 1 BNB will be equal to 1500 $BFORCE Token during the ICO period. Maximum spending per wallet during the ICO is 3BNB, which is an equivalent of 4500 $BFORCE.

Immediately following the ICO will be the tokens listing in exchanges. The listing price is set at a little higher than the ICO price. 1BNB will be equal to 1350 $BFORCE. Aside from exchange listings, $BFORCE intends to list in analytical networks like Coingecko and Coinmarketcap this December.

In February next year, Brute Force Fight will officially launch the game for the public. Investors, gamers, and crypto enthusiasts should watch out for this gaming network. You can also join our communities on Twitter, Reddit, and Telegram to get more updates as they come. 

3air Ready to Solve Telecommunications Problems in Africa with Upcoming Public Sale

3air will kick off its public sale on November 26, as seen on the presale page.

3air Token Public Sale Details

The platform is building its upcoming public sale on the successful private sale rounds, which saw numerous participants joining. Currently, users register for the public sale and are awaiting Know Your Customer (KYC) and AML verifications.

The platform will sell the token at $0.06 at the public sale, which will offer the initial and final supply of tokens in presale rounds. To enter, you will need a minimum ticket of $600, while the maximum investment opportunity stands at $49,800.

The team securely developed the token on Cardano, utilizing the blockchain's IOHK Atala Prism Identity Management solution.

The platform will dedicate 20% of the 1 billion maximum token supply to the public sale. This allocation differs from the seed sale and private rounds, which represented 1% and 11% of total supply, respectively.

3air provides a detailed breakdown of its token sales. Also, the company believes that the disclosure of the token's distribution is crucial to prevent future supply changes.

The platform reassures its user base that all token distributions run on smart contracts. Therefore, you will receive your tokens once the sale closes automatically through an app on your ADA wallet.

Unfortunately, some countries will not be able to participate in token sales. The US, North Korea, Zambia, Central African Republic, British Virgin Islands, China, Venezuela, Iran and Iraq.

Tapping into Untapped African Markets

Investors have long recognized the African continent as a region full of potential and talent. However, the current lack of broadband internet and its supporting infrastructure causes a digital divide that slows down economic growth.

African cities can grow faster and thrive with more reliable internet connectivity. However, building telecommunication lines and burying fiber network cables requires substantial investments in infrastructure. Currently, internet providers focus primarily on business districts only, and Internet connections are limited and unreliable. A report by the World Bank estimates that it would take over $100 billion of investment and 10 years to achieve widespread broadband connectivity using traditional means.

3air recognizes this need for high speed internet and aims to close the digital divide faster and at lower costs. In a simulation of market potential using Nigeria as an example, 3air estimates that the value of the Nigerian markets' untapped annual revenue for Internet services is worth $60 billion. Establishing more affordable and faster internet connectivity would therefore not only benefit local populations, but token holders as well.

3air uses all these factors as motivation to provide broad premium bandwidth in African cities to previously underserved areas. In this regard, the platform relies on a talented and experienced team of specialists in IT, blockchain, marketing, and telecommunication.

Blockchain technology is leveraged by 3air to provide a trustless, decentralized environment that maintains security and user data protection. Users will be able to create digital identities, enabling access to bankless payments, health, work and education. Internet, TV and IP Telephony subscriptions will be paid for using the 3air token. The token will also be used for bandwidth sharing, HW insurance and maintenance, rewards, referrals, staking and community governance.

Fruitful Partnerships

Besides developing on Cardano, 3air is acquiring more partnerships to drive its vision to completion. One of these strategic collaborations is with the telecom service provider K3 Telecom. The Swiss company's patented technology will develop the broadband connection for 3air using innovative wireless technology that is able to set up high speed internet connectivity in a new region in a matter of months. 

Its optic grade air connectivity can provide 1Gbps internet speed and over 150 television channels. The technology, K3 last mile, is ready for the world, utilizing innovative technology, a functional business plan, and a successful proof of concept in Sierra Leone. Other 3air partnerships include collaborations with IT TIM, CV Labs Global, and iceaddis.

These business and technological joint efforts show 3air's commitment to providing Africa with better internet connectivity. Thanks to its innovative projects and ideas, individuals and businesses in African cities will finally upgrade to fast and cost-effective internet services.

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CHC Announces Additional Disclosure Regarding Exchange Offer Including Certain Credit Agreement Amendments

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