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PR Newswire

Experts Emphasize the Crucial Role of Technology, Open Data, and Public Participation in Combating Corruption

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BANGKOK, June 1, 2023 /PRNewswire/ — The use of Blockchain and other technological advances, open data, people participation, and cooperation from the public, private and academic sectors are all important tools to ensure the strategic plan of the National Anti-Corruption Commission (NACC) reaches its targets, according to experts speaking at a forum about “Open Government: Game Changer in Fight against Corruption”.

Mr Niwatchai Kasemmongkol, Secretary General of Thailand’s National Anti-Corruption Commission (NACC) is seen here delivering the keynote speech at a forum about “Open Government: Game Changer in Fight against Corruption”, co-hosted by the NACC and local television channel PPTV HD 36 on May 25th 2023 in Bangkok.
Mr Niwatchai Kasemmongkol, Secretary General of Thailand’s National Anti-Corruption Commission (NACC) is seen here delivering the keynote speech at a forum about “Open Government: Game Changer in Fight against Corruption”, co-hosted by the NACC and local television channel PPTV HD 36 on May 25th 2023 in Bangkok.

The forum, held on May 25th in Bangkok, was co-hosted by the NACC and local television channel PPTV HD 36. The forum was held to promote increasing public disclosure of information and to raise the level of transparency in order to strengthen confidence in the Thai economy.

“Making information easier for the public to access will help citizens to be treated fairly when receiving services from the government,” Mr Niwatchai Kasemmongkol, Secretary General of the NACC, said in his keynote speech. “Open data can ensure transparency in the procurement process and allow people to check. Everyone is able to inspect government officials.”

During the panel discussion that followed the opening speech, Dr. Chadchart Sittipunt, Governor of Bangkok, said the focus of his Open Bangkok policy is Open data, the disclosure of information.

“Important information must be disclosed, published information is like a flashlight that lets us see in the dark, and that information must be measurable,” Dr. Chadchart said. “Technology in terms of storing data in the same format, reading data, processing data and having a dashboard will make everything easier. Open data is about building trust, building faith, which is the most valuable thing in creating a transparent state.”

He cited as an example the use of “Traffy Fondue”, a problem management platform established by Thai researchers to ensure citizen engagement in reporting and monitoring problems affecting the operations and services of agencies such as municipal offices, thereby preventing misconducts, and increasing transparency.

“We need cooperation from every part of the four threads that join together: government, people, private sector and academic sector. strengthening society against corruption and transparency.”

“Disclosure is critical to success,” said Associate Professor Tortrakul Yomnak, member of the board of the Foundation for Public Policy and Good Governance. “Once the information is open, the public will be able to access it.”

“In order to solve the corruption problem, cooperation from all sectors is required, the NACC cannot solve the problem alone,” said Associate Professor Dr. Anusorn Tamajai, Chairman of the Pridi Banomyong Institute. “Technological advances, the trend towards direct democracy, and participatory management will bring about radically changed transparency because they will allow auditing of the government.”

The blockchain technology must be embraced in order to reform the way various transactions take place, as such new technologies can help tackle corruption, Dr. Anusorn added.

According to Mr. Kitti Tangjitrmaneesakda, Vice Chairman of The Federation of Thai Industries, it is clearly visible is that petty corruption can be reduced with the use of technology and that social media plays a role as everyone can be a detective and highlight issues of misconduct.

However, Mr. Kitti added that regulatory reforms are also required in some areas.

“Law enforcement reforms are required, the need for licenses, and processes that give discretionary authority to officials must be reduced,” Mr. Kitti said.  “People must work together to make this happen. The private sector, which has publicly stated its policy as an anti-corruption organization has to take it seriously. We should all have a duty to help each other.”

PR Newswire

XT.COM and Infinity Labs Hosted Texas Hold’em Yacht Party at Crypto Night Extravaganza in Hong Kong Web3 Festival

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HONG KONG, April 15, 2023 /PRNewswire/ —

XT.COM held a signing ceremony for @Traderxiaoxia
XT.COM held a signing ceremony for @Traderxiaoxia

XT.COM and Infinity Labs organized the Texas Hold’em Yacht Party, a Crypto Night Extravaganza, in collaboration with TraderX, Crust, 7 O’Clock Capital, and Blocklike, all of whom are leading players in the crypto industry. The event took place on April 13th from 19:00 to 00:30 (UTC+8) at an oriented invitation-only address. The Texas Hold’em Yacht Party was the hottest ticket in town during the Hong Kong Web3 Festival with an exclusive guest list including top industry players, investors, and influencers.

The event provides an excellent opportunity for blockchain and crypto enthusiasts to connect with like-minded individuals and explore the latest trends in the industry. As part of the festival’s commitment to the Web3 spirit of openness and cooperation, partners have been invited to plan and organize some of the activities together for mutual development, which is why XT.COM has decided to organize the yacht party. “We are incredibly excited to be part of the Web3 Festival in Hong Kong, working with our partners to provide an unforgettable experience,” said Albin Warin, CEO of XT.COM. XT.COM also held a signing ceremony for @Traderxiaoxia, a well-known cryptocurrency trader on Twitter with a solid following. The signing ceremony solidified the partnership between @Traderxiaoxia and XT.COM, showcasing the platform’s commitment to providing competent traders with top-notch tools and resources.

Hong Kong Web3 Festivities

Hong Kong is hosting the inaugural Web3 Festival, organized by W3ME and co-hosted by Wanxiang Blockchain Labs and HashKey Group from April 12 to 15 at the Hong Kong Convention and Exhibition Centre (HKCEC). This four-day event, spread across an area of about 9,000㎡, has over 10,000 attendees, 300 industry leaders, about 100 Web3 projects, community partners, and media partners around the world gather to network, share, and learn through high-level content and panel discussions.

This year, the Web3 Festival is bringing together the world’s brightest minds, top Web3 projects, and leading venture capitalists presenting content-rich discussions and topics centered around Web3. Hong Kong regulatory representatives are also diving into and interpreting the latest digital asset regulation policies. The festival features five center stages where attendees can engage with industry thought leaders and learn about the latest trends in Web3.

Bringing Industry-Leading Value to Hong Kong

As the co-host of the Texas Hold’em Yacht Party, XT.COM brings a wealth of knowledge and experience to the event so that attendees will have an unforgettable experience. Being a leading platform in the cryptocurrency space with high visibility and strength abroad with the majority of staff being foreign workers and Chinese investors, XT.COM boasts a team of professionals with diverse backgrounds and experiences, bringing a wealth of knowledge and expertise to the Hong Kong web3 industry. With five years of zero risk in its operation as a cryptocurrency exchange, XT.COM has established itself as a safe and reliable platform for investors looking to engage in the world of cryptocurrency.

The partnership with Infinity Labs is a significant milestone for XT.COM. Infinity Labs is a private equity fund that specializes in blockchain investments and incubation of start-up projects. The firm was established in December 2020 and is backed by Crust Network, a decentralized storage project. Infinity Labs is committed to building web3 infrastructure and advancing the development of decentralized storage. The partnership with Infinity Labs will provide XT.COM with an edge in blockchain technology and enable the platform to offer its users cutting-edge products and services.

In addition to the partnership with Infinity Labs, attendees were able to enjoy premium food and drinks throughout the night. There was also  a raffle event for XT.COM event participants. The event offered attractive rewards to winners, including 100XT tokens for the first prize, 3 Ballet hardware wallets for the second prize, and five third prize awards of 50$ CRU. The event was an opportunity for XT.COM to express its appreciation to its loyal users participating in the event and encourage them to engage further with the platform.

TraderX is another proud sponsor of the Texas Hold’em Yacht Party. As a leading provider of white label crypto exchange solutions, TraderX enables individuals and businesses to easily start and customize their own crypto trading platform. With their user-friendly interface, advanced trading features, and robust security measures, traderX has helped numerous clients around the world launch successful crypto exchanges.

As part of XT.COM’s marketing strategy, the company sees Hong Kong as a crucial hub for web3 businesses due to its openness and inclusivity. XT.COM is committed to providing quality services and products, embracing opportunities and changes, and constantly developing global markets. Hong Kong plays an essential role in XT.COM’s vision to expand and lead the development of the global blockchain industry. Be sure to follow XT.COM on social media to learn more about our vision for a web3-friendly future.

About XT.COM

Founded in 2018, XT.COM serves more than 6 million registered users, over 1,000,000+ monthly active users, 40+ million users in the ecosystem, and 800+ trading pairs. Since then, XT.COM crypto exchange has expanded its offerings by covering a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. One such addition is Crypto Futures Trading which includes USDT-M Futures and coin-M futures perpetual contracts, as well as prediction markets where users can conduct transactions by predicting the results of future events. Additionally, the Futures Grid allows users to automate the buying and selling of futures contracts to make profits.

Website: XT.COM

Twitter: Twitter.com/XTexchange

Telegram: t.me/XTsupport_EN

PR Newswire

XT.COM Lists MTB in its Main zone

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SINGAPORE, April 15, 2023 /PRNewswire/ —

XT.COM, the world’s first socially infused trading platform, is thrilled to announce the listing of MTB on its platform in the main zone and the MTB/USDT and MTB/BTC trading pairs will be open for trading from 2023-04-15 08:00 (UTC).

  • Users can deposit MTB for trading at 2023-04-14 08:00(UTC)
  • Withdrawals for MTB will open at 2023-04-16 08:00 (UTC)

About MTB

MININGTOBIT (MTB) is an ERC20 token deployed on the Ethereum blockchain with a max supply of 30 million tokens. The MTB team’s objective is to create a cryptocurrency that fosters global engagement in businesses centered around renewable energy generation and bitcoin mining.

Funds raised with MTB will be used to purchase mining equipment, maintain crypto mining operations and support an array of projects spearheaded by the MININGTOBIT Foundation. These endeavors are dedicated to elevating hash rates and amplifying rewards, ultimately contributing to the coin’s value appreciation. In return, MTB token holders will be granted daily BTC rewards. The stability of the network is also improved when users participate in mining rewards.

The foundation remains steadfast in its commitment to refining caching mechanisms and amplifying hash rates. The development of MTB token’s mainnet will significantly contribute to the expansion of hash rates, reinforcing the MTB project’s cutting-edge position in the realms of renewable energy and cryptocurrency which in turn, would lead to a steady increase in the MTB token’s value and provide substantial benefits to early adopters.

“Excited to have MTB on our platform! We’re enhancing user trading experiences in 2023 and another project related to Bitcoin mining would provide our users with more opportunities to explore the intricacies of web3″ said Albin Warin, CEO of XT.COM.

About MININGTOBIT

MININGTOBIT is carefully designed to ensure that its blockchain platform delivers value to all stakeholders. The MTB ecosystem combines the security of Bitcoin with virtually cost-free gas, unmatched throughput, and better smart contracts, creating a dynamic and accessible environment.

The MTB Caching blockchain framework is designed to offer significant advantages to developers and users alike by establishing a dependable revenue model based on Bitcoin caching. What sets the MTB caching structure apart from other cryptocurrency networks is its ability to enable network users to earn Bitcoin.

The team behind MININGTOBIT is currently in the process of securing an official mining license through a government agency in Central Asia. Moreover, MTB’s commitment to sustainable practices, the network has formulated a strategy for operating mining equipment powered by solar energy. The MTB team has entered a Memorandum of Understanding (MOU) with a solar equipment provider, ensuring access to solar infrastructure at a reduced cost and reinforcing our dedication to environmental responsibility.

Website: miningtobit.com

Whitepaper:  miningtobit.gitbook

Telegram: t.me/MTBmining

Kakao Talk: open.kakao.com

About XT.COM

Founded in 2018, XT.COM serves more than 6 million registered users, over 1,000,000+ monthly active users, 40+ million users in the ecosystem, and 800+ trading pairs. Since then, XT.COM crypto exchange has expanded its offerings by covering a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. One such addition is Crypto Futures Trading which includes USDT-M Futures and coin-M futures perpetual contracts, as well as prediction markets where users can conduct transactions by predicting the results of future events. Additionally, the Futures Grid allows users to automate the buying and selling of futures contracts to make profits.

Website: XT.COM

Twitter: Twitter.com/XTexchange

Telegram: t.me/XTsupport_EN

PR Newswire

The INX Digital Company Reports Q4 2022 Update and Annual Financial Results

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TORONTO, April 1, 2023 /PRNewswire/ — The INX Digital Company, Inc. (NEO: INXD, OTCQB: INXDF, INXATS: INX) (the “Company” or “INX”), the owner of INX.One, security token and digital asset trading platform, a U.S. broker-dealer and an inter-dealer broker (through its subsidiaries), announced annual financial results as of December 31, 2022.

Investment gains/losses for any particular period are not indicative of quarterly business performance. Earnings of The INX Digital Company, Inc. for the third quarter of 2022 are summarized below.

2022 Annual Financial Highlights:

  • Cash and cash equivalents of $20M plus an additional $9.7M invested in short and mid-term duration U.S. treasury securities and investment-grade corporate bonds.
  • Working capital of $26M.
  • Reserve Fund set aside for the protection of customer funds and maintained in addition to operating funds at $36.0M.
  • 2022 revenue at $4.3M year, primarily from transaction fees, an increase in total revenue of 77 percent compared to 2021.
  • 2022 net loss from operations of $16M.

INX reports an annual net income of $208M ($1.02 EPS), which includes an unrealized gain on the INX Tokens issued of $226M and INX Token warrants of $8.3M. Under relevant accounting standards, INX Token and token warrants issued are recognized as a liability on the company’s balance sheet. The company’s adjusted net loss for 2022, excluding INX Token and token warrant liability, is $26M. The adjusted net loss is a non-IFRS measure.

Noteworthy steps and milestones in 2022 are expected to lead the company forward

During 2022, the company has taken significant actions to put in place innovative technology that allow the pioneering of a new and responsible digital economy. Management focused on forging new and strategic global partnerships and advancing multiple initiatives to expand the company’s services, promote brand recognition and drive future revenues.

The company reached a major milestone when it launched INX.One, the world’s first fully regulated platform integrating cryptocurrency and SEC-registered security token trading, investment opportunities in primary security token offerings, and related capital raise services under a single platform available 24/7 to retail and institutional investors in the U.S. and globally. INX.One is integrated with multiple public blockchains through INX proprietary technology and is intended to be blockchain agnostic.

INX’s main focus remains on creating a go-to holistic solution for founders and corporate partners to raise capital utilizing SEC-regulated security tokens.

Taking advantage of the path created by the issuance of the INX Token, since the third quarter of 2022 and to date, INX has launched its capital raise services and brought four (4) primary offerings to market, which are available for investment exclusively on INX.One.

It includes Trucpal, a digital financial and tax software company for logistics-industry-based in China; Advent Entertainment, an entertainment, gaming, and virtual reality company based in Utah, US; Treasure Experience, a virtual marine exploration and treasure hunting company based in Florida, US; and TurnCoin, digital trading cards in talented individuals trading platform company, based in Gibraltar.  After the completion of the primary raises, security tokens in these entities and projects will be listed on INX.One for trading in the secondary market. 

In addition, during 2022, the Millennium Sapphire (“MSTO”) Token was also added for secondary market trading on INX.One. Token holders are entitled to receive dividends from Millennium’s NFT Studio.

Within the cryptocurrency offering, the company offers select digital assets and stablecoins for trading, investing, and funding of accounts. Moreover, the company continues to expand its money transmitter licenses and registrations, allowing the company to offer cryptocurrencies in 43 U.S. states and territories. INX.One also continues to expand its offering to over 160 countries globally.

The company continues to lead in providing solid, sustainable solutions for the future, a critical, much-required effort in today’s climate.

In December 2022, the company announced a strategic partnership with SICPA, a global leader in authentication, revenue realization, and secure traceability solutions, to help governments develop innovative and sovereign central bank digital currency ecosystems. The joint venture, incorporated in Switzerland, combines both blockchain-based infrastructure and digital cash technologies to address the key requirements for Central Bank Digital Currencies, including privacy, security, financial inclusion, resilience, and more – paving the way for the development and launch of a secure and scalable environment for all central banks to deploy digital currencies.

As INX predicted, security tokens are beginning to transform the ownership and trading of assets. The company is geared to provide a secure alternative in its multiple uses, such as recovery security tokens, digital bonds, and tokenized shares. As the market for security tokens continues to grow and rapidly expand across multiple blockchains, the company put efforts and resources into educating people worldwide to provide the required clarity of the new standard.

To execute the long-term vision, during 2022, the company strengthened its senior global leadership by filling a key role within the company, the Chief Financial Officer, who plays a strategic role in advancing the company’s vision and navigating the current market and regulatory environment. The company also expanded its Board of Directors to include two global financial leaders, who themselves made the transition from the traditional to the digital economy and will therefore guide and assist in promoting INX’s mission.

INX CEO Shy Datika: We invest in a solid and secure democratization of finance.
Five years ago, we chose what we knew was right for our future customers—the path that would keep them safe while providing them with a wealth of opportunities.
We knew it would be a bumpy ride and came prepared to realize our forward-looking vision.
The INX way, yet again, proved to be the right one. As industry giants are challenged by regulators, we have armed ourselves with regulations. As investors become more aware and more concerned with the pitfalls of unregulated trading platforms, we can provide a secure and safe harbor. INX puts customers first! We have a fully audited and segregated cash reserve fund as described in our INX Token F-1 prospectus. We maintain 1:1 balances for customers and do not use customer assets. We do not, in any way, shape, or form, leverage or re-invest customer assets. On our INX Securities ATS, customers get full transparency as they control their assets, their keys, and their wallets. We will continue developing new services and technologies to further expand opportunities while keeping our clients safe.

About INX:

INX provides a regulated trading platform for digital securities and cryptocurrencies.  With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and innovative regulatory approach.

About The INX Digital Company, Inc. INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. The INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group’s overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token, in which we raised US$84 million.
The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.

In addition to operating a regulated trading platform for blockchain assets, INX’s interdealer broker, I.L.S. Brokers, plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future. For more information, please visit the INX Group website here.

Cautionary Note Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, INX has made certain assumptions, including with respect to, the continuous development of the INX trading platform, the offering of non-deliverable cryptocurrency forwards, and the development of the digital asset industry. Although INX believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to regulatory developments, the state of the digital securities and cryptocurrencies markets, and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information, or otherwise.

The NEO Exchange is not responsible for the adequacy or accuracy of this press release.‍

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.‍

For further information, contact:
The INX Digital Company, Inc.
Investor Relations
+1 855 657 2314
Email: investorrelations@inx.co

For more information, contact:
Liz Whelan
liz@lwprconsulting.com
(312) 315-0160

Source: The INX Digital Company, Inc.

PR Newswire

Concordium and Arivu partner to Combat Greenwashing with Blockchain Verification

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ZUG, Switzerland, March 16, 2023 /PRNewswire/ — Concordium announces it is partnering with Arivu, a Blockchain-as-a-Service (BaaS) provider that specializes in ESG (Environmental, Social, and Governance) reporting verification. The partnership aims to tackle the growing issue of greenwashing by providing companies with verified ESG data, evidence, and assurance.

Arivu’s platform leverages blockchain verification to reduce costs and minimize effort when it comes to audit and compliance, representing a more cost-effective and efficient way for companies to report ESG data and do their part in the fight against climate change.

With the latest European research calling out a reported 42% of “green” claims for being “exaggerated, false, or deceptive,” greenwashing is a dangerous practice that negatively impacts both a company’s reputation and bottom line. The partnership with Arivu is a testament to Concordium’s commitment to fighting climate change through the use of groundbreaking blockchain-based solutions, as was the case with previous collaborations with ClimaFi,  Energinet and Carbotanix. 

Through its EasyWriter product, Arivu provides off-chain companies and projects with an easy-to-use interface for different use-case requirements. The platform supports both small and large payloads, with small payload data containing the hash of the binary data, blockchain name, and transaction ID, and large payloads being written to file storage public blockchains.

Arivu is on a mission to provide companies with a trusted way to own, prove and share their sustainability transition by making it easier to identify and manage risk exposure across supply chains. With Concordium’s enterprise-grade blockchain technology, Arivu’s EasyWriter platform can verify ESG data and provide immutable proof of its accuracy. 

“We are delighted to partner with Concordium to help companies solve the challenge of investor and public trust in their sustainability claims. Our combined capabilities are a game-changer for corporates.”  Matthew Nelson, CEO of Arivu.

“Together, Concordium and Arivu are working towards a more transparent and sustainable future, where ESG reporting is verified and accurate, and greenwashing is a thing of the past,” says Torben Kaaber, Head of Commercial at Concordium. 

Media Contact
Marketing team
marketing@concordium.com

PR Newswire

Concordium’s Founder Lars Seier Christensen takes an expanded role in Concordium

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COPENHAGEN, Denmark, Feb. 25, 2023 /PRNewswire/ — Concordium, the layer-1 blockchain company, has announced that Lone Fønss Schrøder will step down from the CEO position and instead join the Board of the Concordium Foundation.

Meanwhile, Concordium founder and chairman Lars Seier Christensen will play a more active role in Concordium as it gears up for further expansion and user adoption.

Lars Seier Christensen will work closely with Concordium’s team to raise further awareness of its permissionless layer 1, science-backed blockchain platform while expanding the active Web3 and Crypto community.

As a key project in the industry, Concordium has delivered an innovative and useful blockchain. Concordium is working with a range of private and public organisations that are building on the Concordium blockchain to improve existing processes, supporting entirely new and exciting business verticals. The platform enables security and transparency in a world that truly needs it. 

Concordium provides a fast, secure, and highly scalable blockchain platform, which differs from other blockchains by having mandatory ID verification of users, instant finality of blocks, and low stable transaction fees pegged to the Euro.

Lars Seier Christensen, Chairman and Founder of Concordium, said: “I am very grateful to Lone for her huge contribution to Concordium; we would not have come this far without her tireless efforts. I look forward to working with Lone on the Board.”

“On a daily basis, I will continue as chairman in an expanded role, driving the Concordium project forward, supported by the operational management of Kåre Kjelstrøm, CTO, Torben Kaaber, Head of Commercial, and Jørgen Hauglund, CFO.”

CONTACT:

Media Contact
Marketing team
marketing@concordium.com

PR Newswire

Gridex Protocol, the First Ever Fully On-Chain Order Book on Ethereum, Sponsors Europe’s Premier Blockchain Event

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LONDON, Feb. 18, 2023 /PRNewswire/ — Gridex Protocol, a cutting-edge trading protocol on Ethereum mainnet and layer 2s that features a fully on-chain order book, was a proud sponsor of the European Blockchain Convention in Barcelona, that took place between February 15-17, 2023. As a diamond sponsor, Gridex Protocol made its European debut by participating in the event, which brought together over 3,000 attendees and more than 200 speakers. The event is the most influential blockchain and crypto event in Europe and features Web3 creators, builders, founders, CEOs, and investors, discussing a range of topics including blockchain, crypto, NFTs, DeFi, metaverse, and Web3.

On the second day of the event, Ali Al-Ali, co-founder and technical lead of Gridex, spoke to an audience of crypto industry leaders and enthusiasts about how a fully on-chain order book protocol is the key catalyst for DeFi mass adoption. 

With current mainstream DEXs being primarily based on Automated Market Maker (AMM) models, Gridex instead adapts order books – a model usually utilised in centralized exchanges (CEXs) – to be viable on-chain.

“While the AMM model brings convenience, it is more of a compromise to adapt to an on-chain environment, and there are issues such as impermanent loss on volatile pairs, high slippage and limited trading functionality. On the other hand, order books have a lot more trading functionality but require a lot of computation”, Ali said.

“Gridex however, has achieved a historic breakthrough by reducing the resource consumption to as low as an AMM (and in some cases even lower). This has been made possible through our revolutionary Grid Maker Order Book Model, the first fully on-chain order book on Ethereum that determines the most suitable trade instantly. As well as this, maker orders allow traders to place orders of any size and price, without fear of slippage and no impermanent loss to worry about. With these features, we truly believe the Gridex Protocol is the pioneer for the future of trading, and we invite you all to try it.”

About Gridex

The Gridex Protocol is a permissionless and non-custodial order book trading protocol consisting of persistent, non-upgradable smart contracts on Ethereum. Its next step is the development of Gridex Proof of Stake (PoS), which will enable it to become a layer 0 cross-chain order book protocol that supports all mainstream layer 1s and generalized layer 2s, including Ethereum, Arbitrum, Optimism, Polygon… and Bitcoin. Gridex is devoted to offering an excellent user experience, driving decentralization and transparency throughout the DeFi market.

In conclusion, the European Blockchain Convention has provided a great platform for Gridex to share new ideas and connect with like-minded people. Gridex Protocol will officially launch in March 2023, with the Gridex PoS set to launch in Q1 2024.

For more information about Gridex please visit the links below:

Visit Our Website:
https://www.gdx.org/
Read our Whitepaper
https://www.gdx.org/gridex-whitepaper.pdf 
Join Our Discord
https://discord.gg/ta5dYcBaFz
Follow us on Twitter
https://twitter.com/gridexprotocol

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PR Newswire

ClimaFi is fighting greenwashing with the first platform for trading UK woodland and peatland carbon credits built on the Concordium blockchain

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ZUG, Switzerland and LONDON, Feb. 10, 2023 /PRNewswire/ — UK-based climate technology company ClimaFi announces the first trading platform to offer carbon credits from verified UK peatlands and woodlands. CLMT Exchange, a regenerative project built entirely on the Concordium decentralized blockchain, will allow enterprises and organizations to offset their emissions using domestic credits. 

Companies are facing several challenges in the fight against climate change. This includes increasing pressure to publicly disclose their greenhouse gas emissions, as well as recent legislative proposals to pose “dissuasive” penalties on companies making unsubstantiated environmental claims.

As concerns about climate change grow, many companies are taking steps to reduce their carbon footprint. However, not all claims about reducing emissions are genuine, leading to the phenomenon known as greenwashing. One solution to this problem is the use of blockchain for the issuance of verified certificates on emission reductions from peatlands and woodlands.

Peatlands and woodlands are storing at least 550 gigatons of carbon globally, more than twice the carbon stored in all the world’s forests: peatlands cover just 3% of the Earth’s surface but account for the largest terrestrial carbon stock in the world. 

In the UK, peatlands account for almost 10% of total national land, but up to 80% of them are currently in a state of degradation. As they deteriorate, they release 20 million tonnes of CO₂ into the atmosphere every single year, accounting for 4% of the UK’s total annual greenhouse gas emissions. The UK market has around three million hectares of peatland from which to produce carbon credits, thus successfully restoring them (an opportunity worth £2.8 billion a year) could play a vital role in the fight against climate change.

CLMT Exchange offers an opportunity to fuel this transformation by focusing on high-quality carbon credits with the backing of existing government-approved standards agencies such as the Peatland Carbon Code, a voluntary certification standard for UK peatland projects, and the Woodland Carbon Code, a UK quality assurance standard for woodland creation.

A Grantham Research Institute report shows that UK corporations often offset their emissions by buying foreign carbon credits due to a lack of high-quality domestic projects, but by buying carbon credits through CLMT Exchange, companies and investors will be able to secure high-integrity credits and help drive the regeneration of degraded UK peatland. 

CLMT Exchange’s carbon credits help companies offset emissions while facilitating national efforts to meet Article 6 commitments under the terms of the Paris Agreement. Additionally, CLMT Exchange offers the unique opportunity to trade carbon credit pending issuance units on a secondary market, thus providing liquidity and support from investors and traders entering this rapidly growing asset class. 

As the very first marketplace for trading peatland credits, CLMT Exchange will be a unique blockchain-based venue for companies to buy –and most importantly, trust– regional credits, while also increasing demand for high-quality Peatland Carbon Credits alongside national programs. Finally, the program will reinforce the importance of ClimaFi’s forthcoming “Peatland Protocol”, a new, science-based digital methodology (“dMRV”) for accurate and transparent measurement and monitoring of all projects.

As the only layer-1 blockchain with a built-in self-sovereign ID framework, Concordium blockchain plays a vital role in ensuring all the above can be done properly, safely, efficiently and for the betterment of society. The partnership is set to begin immediately, with carbon credits being made available for trading on CLMT Exchange in Q2, 2023. 

Lone Fønss Schrøder, CEO, of Concordium, says: “On the CLMT Exchange, enterprises can offset and regenerate land in close proximity to where they emit by blockchain-based, trusted, verified credits. This creates a tamper-proof record of carbon credits that can be easily audited and verified, and it provides a reliable and trustworthy way to demonstrate a company’s commitment to reducing carbon emissions and combating climate change, reducing the risk of greenwashing and promoting responsible business practices.”

Tim de Rosen, ClimaFi’s CEO and Co-founder says: “We are delighted to be building CLMT Exchange on Concordium. A highly attractive feature of the Concordium blockchain is its regulatory-ready, built-in ID layer.”

Media Contact
Marketing team
marketing@concordium.com

PR Newswire

Gridex Protocol: Integrating First Fully On-chain Order Book For a New Generation of DEX

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LONDON, Feb. 10, 2023 /PRNewswire/ — Gridex Protocol, a cutting-edge decentralized protocol built on the Ethereum mainnet, is pushing the boundaries of what is possible in the DeFi space. Its advanced technology and innovative features are setting a new standard for decentralized trading and driving the decentralization of the financial industry forward.

The Cutting-Edge Features of Gridex protocol

Gridex Protocol supports the trading of ERC20 tokens using its self-developed, revolutionary Grid Order Maker Book (GMOB) model to deliver safe and effective trading with instantaneous speed. Anyone can expand upon the protocol with no extra permissions or smart contracts needed. Based on this model, the Grid Price Linear Movement (GPLM) algorithm handles transaction execution and settlement. The GPLM is designed to reduce the gas consumption running on Ethereum by achieving the same level of resource consumption as the Constant Function Market Maker (CFMM) algorithm.


The self-developed, revolutionary Grid Maker Order Book (GMOB) model and Grid Price Linear Movement (GPLM) algorithm

Gridex Protocol locates the most suitable price for users’ trades from all DEXs on Ethereum, including Uniswap and Sushiswap. Its self-developed GMOB model implements an algorithm that determines the most suitable path and trading amount in less than a second.

Gridex Protocol provides exclusive features like its Maker Orders protocol, allowing traders to place orders of any size and price without fear of slippage or MEV. It enables access to liquidity from other DEXs as well as liquidity pooled from users, granting users a smoother trading experience. Besides, it intends to roll out its protocol on more public chain such as Arbitrum, Optimism, Polygon and BNB Chain for faster, more affordable transactions.

At its core, Gridex Protocol offers an excellent user experience, driving decentralization and transparency throughout the DeFi market. This will make the exchange a key player in DeFi  and cause waves in the space, bringing immense value to the industry and their users in the near future.

Gridex Airdrop

Gridex will launch an airdrop event on February 13th. For more details about the event, please visit our official website and twitter

To stay informed on the latest developments and campaigns for the Gridex project, we recommend visiting our official website and following our social media channels. 

Website: https://gridex.org/   
Whitepaper: https://gridex.org/gridex-whitepaper.pdf   
Twitter: https://twitter.com/gridexprotocol   
Medium: https://blog.gridex.org/

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PR Newswire

MultiMetaVerse Inc. and Model Performance Acquisition Corp. Complete Business Combination

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– MMV Ordinary Shares and Warrants to Trade on Nasdaq under Ticker Symbols “MMV” and “MMVWW”, respectively

NEW YORK, Jan. 5, 2023 /PRNewswire/ — MultiMetaVerse Inc., an animation and entertainment company devoted to establishing an open community for its global users and to providing high-quality and immersive entertainment experiences, and Model Performance Acquisition Corp. (Nasdaq: MPAC; “MPAC”), a special purpose acquisition company, announced the completion of their business combination (the “Business Combination”). The listed company resulting from the Business Combination will be MultiMetaVerse Holdings Limited (“MMV”). On January 5, 2023, MMV’s shares will commence trading on the Nasdaq Global Market under the ticker symbol “MMV,” and MMV’s warrants will commence trading on the Nasdaq Capital Market under the ticker symbol “MMVWW.”

Yiran Xu, Chairman and Chief Executive Officer of MMV, stated that “[a]s we achieve a major milestone today, we will continue to develop new stories, animations, video games etc. to cater to the needs of our users, and to expand our business into new markets. By listing on the Nasdaq, we are closer to realize our ambition to become a vigorous international digital entertainment provider in the new era.”

Claudius Tsang, Chief Executive Officer of MPAC, commented, “[t]he Model Performance team is honoured to be part of this landmark occasion for MultiMetaVerse. We are excited for what lies ahead for the company.”

Advisors

Paul Hastings LLP served as legal counsel to MMV. Loeb & Loeb LLP served as the legal counsel to MPAC.

About MMV

MMV is an animation and entertainment company devoted to establish an open community for its global users comprised of animation viewers, game players, and content creators and to provide high-quality and immersive entertainment experience by way of original contents, user-generated contents, and professional user-generated contents. In 2015, MMV commenced animation production under its signature Aotu World brand. This animation series has an inspiring story, unique graphic style and has gained a following, particularly among the younger audience, in China. By leveraging its established user base as a foundation for further development and genre diversification, MMV has produced additional animated content based on the Aotu World brand and added to its portfolio with new brands, stories and characters. MMV also expanded its content offerings in the forms of comic books, short videos, collectibles, stationery, consumer products, mobile games and other genres.

About MPAC

MPAC is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.

Forward Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or MMV’s future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “going to,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern MMV’s expectations, strategy, priorities, plans or intentions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should understand that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements, including the risks set forth under “Risk Factors” in our Registration Statement on Form F-4 and our other SEC filings. MMV cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. MMV does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

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Source: Model Performance Acquisition Corp.