Tag: Token

Football Club AS Roma to Launch Crypto Fan Token with Voting Privileges

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Distinguished Italian football club AS Roma announced that it will join Socios, a blockchain-based voting platform. AS Roma has partnered up with sports and entertainment blockchain firm Chiliz (which powers Socios) for this crypto initiative. Chiliz broke the news in an official announcement published on July 19. In the announcement, Chiliz states that AS Roma will join its sports platform Socios and launch an AS Roma fan token. Through the use of this crypto tokens, fans will be able to vote in club-delegated decisions. Blockchain has a diverse set of…

Huobi Transitions From Current HUSD System to New ERC-20 Token

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Huobi cryptocurrency exchange will transition its HUSD token from its current stablecoin system to an ERC-20 token through a partnership with crypto startups Stable Universal Limited and Paxos Trust Company. Per a press release published on July 17, Stable Universal will develop a new ERC-20 HUSD Token, which will be pegged to the United States dollar and held in reserve by the New York State Department of Financial Services-regulated custodian Paxos. Huobi will be the first platform to list HUSD Token. In the coming days, Huobi will change over from…

BNB Token Now Listed on BQT Exchange

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New decentralized exchange offering BQT has broken with the tradition of crypto exchanges by choosing Binance’s BNB token as its first-ever listing. While most exchanges shoot straight for BTC, BQT exchange is starting as it means to go on. It intends to offer a carefully curated mix of coins selected for their ability to draw in buyers and sellers, thereby creating liquidity. Naturally, BQT listed also BTC, ETH, and other 42 different pairs. However, according to a Medium post issued by BQT’s founder: “BNB emerges from the pile because of…

Binance Announces Burn of Team’s BNB Token Supply

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Major cryptocurrency exchange Binance announced that it completed the eighth Binance Coin (BNB) token burn and that it intends to also burn the tokens allocated to its team in an announcement published on July 11. Per the announcement, 808,888 BNB (equivalent to over $23.7 million at press time) of the Binance’s team allocation have been burned in the event. The exchange notes that the burn is part of the firm’s commitment to burn a total of 100 million BNB tokens and that the team’s supply equates to 40% of the…

Props Announces First SEC-Approved Consumer-Facing Blockchain Token

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Delaware-based blockchain organization Props PBC has released a token approved by the U.S. Securities and Exchange Commission under Regulation A+, according to a press release on June 11. According to the company, this is “the first consumer facing crypto token qualified by the SEC” via Reg A+. As previously reported, Reg A+ is an alternative to conducting an IPO that is intended to accommodate startup businesses seeking initial funding. This token has been issued on the Ethereum blockchain. According to the announcement, the Props platform is capable of abstracting a blockchain…

Brazilian Coffee Farming Cooperative to Issue a Coffee-Backed Token

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Brazilian coffee farming cooperative Minasul plans to issue a coffee-backed token, Bloomberg reported on July 11. According to Bloomberg, Minasul’s president Jose Marcos Magalhaes declared at the Global Coffee Forum in Campinas that Minasul intends to launch the token this month. Farmers will reportedly be able to use the coin to buy fertilizer, machinery and other non-farm products — including cars and food — in a digital marketplace. Per the report, farmers will also be able to acquire the token in exchange for current and future coffee beans production: 30%…

US SEC Approves Blockstack Token Offering Under Regulation A+

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The United States Securities and Exchange Commission (SEC) has given blockchain-based startup Blockstack the go-ahead to run a $28 million public token offering under Regulation A+, according to a report by The Wall Street Journal (WSJ) on June 10. Blockstack will reportedly launch its token offering online tomorrow, July 11. While other firms have previously taken advantage of Regulation A+ funding, this marks the first time that investors will receive a token, rather than shares in the company. Regulation A+ is an initial public offering (IPO) alternative geared towards startups…

US Elections Regulator Gives Tentative Go-Ahead to Campaign Token

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The Federal Election Commission (FEC) has tentatively approved an ERC-20 token issued by Omar Reyes to use in an incentives program for his congressional campaign. The FEC reviewed the coin project in a draft advisory opinion on July 5. According to the draft letter, the FEC believes Reyes is within his rights to issue his Ethereum-based “Omar2020Token” (OMR) as part of his campaign to join the United States House of Representatives from the 22nd Congressional District of Florida.  The FEC argues that because the tokens are essentially souvenirs, with no…

DX.Exchange To Launch Turbo Token – Margin Trading on the Blockchain

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DX.Exchange – the digital asset platform that bridges the gap between blockchain technology and the traditional financial markets, has just announced that it has launched the world’s first-ever Smart Leverage Token (SLT). On top of its portfolio of digital stocks and ETFs that are represented by blockchain assets, the SLTs will enable investors to trade on margin via the blockchain protocol. The SLTs will allow traders to obtain leverage on Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA) and Binance Coin (BNB), all of which can be traded against USDT…

TRON’s BitTorrent Speed Aims to Expedite File Sharing via Token Rewards

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The software company BitTorrent Inc., a subsidiary of one of the largest decentralized peer-to-peer networks across the globe TRON, recently announced the addition of a new ‘member’ to its ‘team’ – BitTorrent Speed. Launched this week, this amazing speedy software is proposed to help scaling up, uploading and downloading of files within the network. According to the press release, BitTorrent Speed will make it possible for millions of users to gain fast and uninterrupted access to files on the network while being rewarded for activity with the BitTorrent (BTT) token,…