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  • Tether (USDT) Stablecoin Launches on DeFi Smart Contract Platform Avalanche

    Tether (USDT) Stablecoin Launches on DeFi Smart Contract Platform Avalanche

    Key takeaways:

    • Avalanche-native Tether (USDT) will give the DeFi platform’s users access to the largest and most liquid stablecoin in the industry
    • The inclusion of the Avalance Layer-1 network marks the 9th platform USDT supports
    • Users can head to Bitfinex cryptocurrency exchange to use AVAX-based USDT for fast and cheap transactions

    Avalanche (AVAX) has become the ninth blockchain platform to support the world’s largest stablecoin. Users of the high-performing and easily scalable network can now use Avalanche-native Tether (USDT) to gain access to the most liquid stablecoin in the industry.

    Alternatives to Ethereum-based USDT are gaining traction due to high gas fees

    The first iteration of Tether’s USDT stablecoin was launched on the Omni protocol, built atop the Bitcoin blockchain, in October 2014. Since then, USDT has expanded to nine blockchain platforms, including Ethereum (ETH), TRON (TRX), and Solana (SOL), to name a few. It is worth noting that ETH and TRON-based versions of Tether account for over 95% of USDT’s total $74.4 billion market cap.

    How to buy Tether (USDT)?

    Recently, the TRON-native version of USDT gained popularity due to its cheap transaction fees and rising gas fees on the Ethereum network. According to data accumulated by The Block, TRON stablecoin transactions have surpassed ETH facilitated USDT for the first time in June 2021, and have continued to be neck and neck since then.

    USDT supply by blockchain. Image source: Coin Metrics, The Block

    The main competitive advantage of USDT over other stablecoin solutions is its availability across numerous blockchain platforms. For instance, USD Coin (USDC), the second biggest stablecoin on the market with a market cap of $34.4 billion, can only be utilized by Algorand (ALGO), Ethereum, and Solana users. 

    Users of the Avalanche blockchain platform can now utilize USDT for transferring funds, staking purposes, and a variety of other use cases

    It is not surprising that USDT keeps commanding such a large share of the total stablecoin market. Not only can Tether be used for transactions on nine different crypto networks, but the world’s largest stablecoin can be used for staking purposes, which can earn USDT holders considerable returns. Additionally, USDT can also be utilized for inter-exchange transactions, derivatives contracts, consumer loans, and more.

    Total stablecoin supply. Image source: Coin Metrics, The Block

    With $74.4 billion, USDT’s supply accounts for roughly half of the combined value of all stablecoins in the blockchain sector. Emin Gün Sirer, Director of the Avalanche Foundation, recognizes the addition of USDT as a milestone achievement for the platform:

    “USDt on Avalanche is an essential building block for DeFi users. Tether has become a well-accepted, time-tested stablecoin with extensive support throughout exchanges. It will be even more powerful with Avalanche as its foundation.”

    Avalanche, a prominent Ethereum Layer-1 competitor, has been one of crypto’s biggest success stories of the year. The highly scalable open-source smart contract-enabled blockchain ecosystem relies on its own Proof-of-Stake (PoS) consensus protocols called the Avalanche consensus protocol and the Snowman consensus protocol, which guarantee blockchain immutability while consuming minimal energy at the same time.

    In the three months since the launch of a $180 million DeFi incentive fund, the price of AVAX tokens jumped by over 350% and hit an all-time high above $100 on Wednesday. The network currently boasts $13.18 billion in total value locked (TVL) across various DeFi services, a sharp increase from $312 million TVL on August 18.

    Buy/Sell AVAX
  • Social Trading Platform Bingbon Completes Rebrand to BingX

    Social Trading Platform Bingbon Completes Rebrand to BingX

    Singapore, Singapore, 18th November, 2021,

    Popular social trading and cryptocurrency platform Bingbon has completed a revamp of its entire corporate structure while taking on a new name – BingX. 

    The adoption of the new trademark follows a period of significant growth for the exchange, which has in recent years built a reputation as one of the best copy trading platforms in the digital asset industry.

    Now known as BingX, the company hopes to continue accelerating open value transfer and empowering an accessible and engaging crypto trading experience, via innovative social trading solutions.

    As well as a new moniker, the platform has unveiled a fresh logo that represents the legacy of Bingbon to this point. With the updated logo, BingX seeks to foretell the next chapter of cryptocurrency trading while positioning itself as the best venue to enjoy an enhanced user experience. 

    “A lot of thought processes and planning went into the creation of the name, BingX,” says Communications Manager Elvisco Carrington. “It’s a name that resonates and is capable of transcending through time; one that can adapt to the ever-changing crypto climate and is easy for the international community to digest, especially for our target community – all kinds of users from beginners to crypto OGs. 

    “What is important to note is that BingX signals seriousness. We want our exchange to be one of the top exchanges, without leaving any doubts or uncertainties in the minds of users and interest groups like top crypto media, crypto journalists, stakeholders, and potential investors.” 

    Having obtained the relevant licenses in North America (the US and Canada), Australia, and several other regions, BingX will continue to emphasize its unique social trading feature which allows users to connect with elite traders and leverage smarter investment strategies. 

    The exchange will soon be launching new trading pairs, giving users more options to interact with. Improvements to BingX’s copy-trading feature are also being made, and an upcoming series of innovative new products promises to take users on an unforgettable trading expedition.

    The next chapter of BingX will introduce an open social trading network platform in the buoyant crypto-economy for everyone to associate, connect, and interact on the platform.

    About BingX 

    Founded in 2018, BingX is a global digital asset, spot, and derivatives trading platform that provides a user-centric and open ecosystem with intuitive social trading features. Created to enrich the entire cryptocurrency industry, BingX is a safe, reliable and user-friendly venue for users to trade their favorite assets.

    Contacts

    Communications Manager

    • Elvisco Carrington
    • elvisco@bingbon.com
  • MetaMask Monthly Active User Count Increases 38x Year-Over-Year, ConsenSys’ Valuation Jumps to $3.2 Billion

    MetaMask Monthly Active User Count Increases 38x Year-Over-Year, ConsenSys’ Valuation Jumps to $3.2 Billion

    Key takeaways:

    • ConsenSys’ $200 million funding round puts the blockchain company’s valuation at $3.2 billion
    • ConsenSys plans to use the newly acquired funds for expansion and the continued improvement of its services; it will also hire 400 new employees to help put the company’s vision into reality
    • MetaMask, ConsenSys’ massively popular crypto wallet solution, has surpassed 21 million MAUs, a 38x YoY increase

    On Wednesday, ConsenSys, a leading software engineering company in the blockchain sector, announced the successful completion of a $200 million funding round, which puts the Web3 company’s valuation at $3.2 billion. The cryptocurrency firm took the opportunity to unveil impressive yearly results of its flagship digital wallet product MetaMask.

    ConsenSys $200 million financing round was joined by Coinbase Ventures and HSBC

    The latest funding round of ConsenSys saw familiar names from the investing circles contribute to the rapidly growing DeFi-focused company. According to the BusinessWire press release, prominent financial partners such as Animoca Brands, Coinbase Ventures, and Marshall Wace were among investors leading the latest financing round.

    Amit Rajpal, partner and CEO Asia at Marshall Wace, is excited about the prospect of ConsenSys’ future:

    “We are excited to be investing in ConsenSys. The consumer, developer, and enterprise ecosystems for Defi and NFT applications are building exponentially and blockchain technology companies, like ConsenSys, which have multi-faceted technology offerings are in position to be the access point to this universe.”

    ConsenSys is on a mission to usher digital transformation to the Web3 era with easy-to-use services and by lowering the barrier to access with software tools such as Truffle, which boasts a 4.7 million developer user base.

    The ConsenSys ecosystem of decentralized finance (DeFi) solutions, MetaMark crypto wallet, and a myriad of other products and services are anchored by Infura, allowing developers to test and scale their Ethereum-based blockchain applications easily.

    Joseph Lubin, founder and CEO of ConsenSys and co-creator of Ethereum, has its sights set on the Web3 future:

    “We are honored to partner with some of the top financial and strategic investors from both traditional and next generation economies to accelerate the realization of Web3. As our technology crosses into the mainstream, we are already seeing the transformation of how larger and larger cohorts of builders, users, artists, and enterprises live and work.”

    The funds raised in the latest funding round will reportedly go towards the continued expansion of MetaMask and Infura infrastructure. ConsenSys is also planning to add 400 additional employees as a part of an effort to bring the company’s vision to life as quickly as possible.

    MetaMask global user base grows to 21 million MAUs

    As reported in the press release, arguably the most popular self-custodial cryptocurrency wallet service MetaMask, managed to string together impressive year-over-year (YoY) results, which led to a massive 38x increase in users numbers compared to the previous year. 

    For starters, the wallet’s integrated token swap feature facilitated over $10 billion worth of peer-to-peer (P2P) transactions. MetaMask has also added support for layer-2 ETH compatible blockchain platforms, including Avalanche (AVAX), Binance Smart Chain (BSC), and Polygon (MATIC), to name a few.

    In total, the MetaMask monthly active user base has grown to 21 million users, which are able to access over 3,700 Web3 applications, such as various DeFi services, NFT marketplaces, crypto-based games, and blockchain metaverses.

  • ABEY Wins Blockchain Solution of the Year at AIBC Europe 2021

    ABEY Wins Blockchain Solution of the Year at AIBC Europe 2021

    Fresh off the launch of its decentralized exchange ‘’XSwap’’. ABEY continues its forward momentum during Malta Week by winning the Blockchain Solution of the Year at the AIBC Europe 2021. 

    A significant milestone

    The victory is the latest achievement for ABEY and its blockchain ABEYCHAIN, one of the fastest-growing blockchain solutions globally. The AIBC Europe awards is one of the most prestigious and attract the attention of many in the blockchain industry. 

    ABEY was nominated in two categories for the Blockchain Solution of the Year and DeFi Project of the Year. The awards were determined by a combination of the popular vote on the AIBC Summit website and a panel of expert judges with a deep understanding of blockchain technology, usage and the global developer community. 

    ABEY eventually won the Blockchain Solution of the Year. This award acknowledged the work that the blockchain protocol has put towards developing innovative solutions. Eman Pulis group founder of SIGMA and AIBC noted that “the award was a great one for ABEY. Every developer running their dApps on ABEYCHAIN, every user of ABEY’s XSwap.com DEX, every holder of ABEY cryptocurrency should feel proud of your achievement.”

    Phillip Sauerborn, co-founder and Director of ABEY Foundation, stated: “This victory is a significant milestone for our developers and the thousands of users who make up the ABEY ecosystem,”, “This prestigious recognition is the result of countless hours of hard work from our ABEY team and the developers running their apps on our blockchain.

    He further added that ABEY was committed to growing its ecosystem: “We are committed to growing the ABEY ecosystem to bring our users the best solution that we possibly can. We are so grateful AIBC and its expert panel of judges has noticed our passion and excellence.”

    Fostering blockchain adoption globally 

    ABEY continues to make major strides within its quest to foster crypto adoption globally through its blockchain ABEYCHAIN. ABEYCHAIN deploys a hybrid consensus system that solves the trilemma of scalability, decentralization and security. 

    ABEYCHAIN developers believe the chain can be capable of 10,000 TPS making it one of the fastest blockchain protocols. As a result, developers and projects have increasingly migrated to its protocol, and many are calling it the Ethereum-killer. 

    ABEY recently launched its native decentralized exchange XSWAP in November, and it has exceeded expectations so far. Within the first week of launch, the DEX hit a TVL of $60 million and is currently has over $75million locked in its smart contracts. 

    XSWAP is fully decentralized and uses a new trading model for reliably high liquidity while incorporating an automated market maker (AMM) model. It also supports cross-chain trading, and users can swap external assets like Bitcoins, Ethereum, DOT, XT tokens and other coins listed on the exchange. 

    ABEY token is also listed on popular exchange Liquid Global, which has generated major interest in the token. Users can now exchange their coins and fiat currency for ABEY tokens and vice versa. 

    ABEY growth shows no signs of slowing down, and the ABEYCHAIN protocol now boasts more than 140,000 users, with an average of 10,000 active addresses joining its network every month since August 2021. 

    To learn more about ABEY and ABEYCHAIN please visit the following links 

    Website: https://www.abey.com/ 
    Twitter: https://twitter.com/AbeyNews
    Facebook: https://www.facebook.com/ABEYNews

  • Binance Could be Worth up to $300 Billion, According to Insiders

    Binance Could be Worth up to $300 Billion, According to Insiders

    Binance, arguably the largest cryptocurrency platform in the industry, could reportedly be worth north of $300 billion if it were a publicly-traded company. According to the exchange’s insiders, the fees collected from trading activity and other services generate enough revenue to support the massive market capitalization.

    Key takeaways:

    • Last Thursday, the Wall Street Journal reported that the fees generated by Binance’s diverse portfolio of cryptocurrency products and services are big enough to support the $300 billion valuation.
    • Binance’s hypothetical market capitalization would rank it as the 30th largest company in the world, ahead of entertainment giant Walt Disney and medical conglomerate Pfizer.
    • Binance regularly clears over $30 billion in daily spot trading activity and up to $80 billion in day-to-day derivates transactions. Binance is unquestionably the top dog in the crypto industry, regularly outperforming second-placed exchanges by over double the amount of 24-hour trading volume.
    • In July, the CEO of Binance Chanpeng “CZ” Zhao recently stated that Binance.US, the US arm of the international exchange giant, is considering going public within the next three years. However, there are no current plans for a Binance IPO.
    • Earlier this year, Coinbase became the first cryptocurrency exchange to go public in the US, boasting an initial market capitalization of $85.8 billion. For reference, Coinbase processed $6.8B of spot trades in the last 24 hours, while Binance processed $29.1B, according to data collected by Coincodex. 
    • After facing increased regulatory scrutiny over the course of the last couple of months, Binance has recently made a concerted effort to play nice with the regulators. You can check out this helpful article that recaps new measures the world’s biggest crypto exchange took in its pivot towards proactive compliance.
    Open Binance Account
  • Portal and Polygon Enter Strategic Partnership to Boost Bitcoin Usability in DeFi Ecosystem

    Portal and Polygon Enter Strategic Partnership to Boost Bitcoin Usability in DeFi Ecosystem

    San Francisco, United States, 17th November, 2021,

    Portal, a self-hosted wallet and true cross-chain Layer-2 DEX built on Bitcoin, has announced a strategic partnership with Polygon, popularly known as Ethereum’s Internet of Blockchains, to give new impetus to Bitcoin usability in the DeFi ecosystem.

    Portal offers fast, private, and secure atomic swaps between Bitcoin and other digital assets. Both Polygon and Portal are committed to enabling users to move their digital assets seamlessly across the DeFi ecosystem with the lowest possible fees.

    Portal will facilitate WBTC/BTC and POS-WBTC to BTC swaps on its decentralized exchange. Polygon will run a facilitation node on Portal DEX to provide ongoing liquidity for atomic swaps between Bitcoin and POS-WBTC, WBTC, and other assets. 

    Portal executive chairman Dr. Chandra Duggirala commented, “Given that Portal is a DeFi layer on Bitcoin, we are excited to partner with Polygon to enable WBTC/BTC and POS-WBTC to BTC swaps. We believe that having liquid markets and enabling price discovery will appropriately price wrapped Bitcoin based on risk and enables increased usability for Bitcoin.”

    Polygon is the go-to scaling solution that has helped Ethereum become the definitive, fundamental settlement layer of the growing Web3 ecosystem. It resolves the blockchain challenges like high gas fees and slow speeds without sacrificing security. Polygon’s core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence.

    Portal’s Layer 2 and Layer 3 technology simplifies building censorship-resistant communications, media and one-click execution of cross-chain swaps on top of the Bitcoin blockchain. It facilitates the private, off-chain execution of “smart contracts” for asset issuance, swaps, staking, liquidity, derivatives, and more, all peer-to-peer, without third-party custody or control.

    About Polygon

    Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. It aggregates scalable solutions on Ethereum, and combines the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system. Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing on security. Polygon’s scaling solutions have seen widespread adoption with 400+ Dapps, ~350M txns and ~1.5M+ unique users.

    About Portal

    Portal is DeFi built on Bitcoin. It makes trade unstoppable with anonymous, zero-knowledge swaps via the first true cross-chain DEX that’s trust-minimized. With Portal, DeFi becomes a service that anyone can provide, maintaining anonymity within open, transparent markets with a security model as robust as Bitcoin mining. 

    Portal’s Layer 2 and Layer 3 technology enables building censorship-resistant communications, media and one-click cross-chain swaps, all on Bitcoin. 

    Contacts
    • George Burke
    • press@portaldefi.com
  • Amazing Prizes up for Grabs In the New 1xBit Live Casino Tournament

    Amazing Prizes up for Grabs In the New 1xBit Live Casino Tournament

    Press Release: Entertain yourself with exciting live dealer titles at 1xBit and stand a chance of winning extra cash prizes.

    17th November 2021, Limassol, Cyprus — Online crypto betting platform, 1xBit, has returned with a fantastic new promotion for punters. The betting site is known for its highly rewarding promos and tournaments. In this new one, get ready for a flight to the highest heights possible, where you grab huge crypto prizes! 

    Crypto or Crash 

    You will be transported to an entirely different world as you immerse yourself in 1xBit’s top-notch live dealer games. To partake in the thrilling adventure, you must play live tables by Evolution Gaming and Ezugi. 

    The games are streamed in HD quality with multiple camera angles, giving you the most realistic experience. They are hosted in beautiful gaming studios with the most professional of live dealers. 

    The background music and amazing sound effects in each game will keep you in the mood as you play and watch your winnings skyrocket. You also get the opportunity to chat with the live dealers as you play, leaving no room for boredom at any time.

    Tournament Dates & Prizes 

    This special 1xBit’s tournament kicks off on November 16 and runs till December 16. As you play the games, you accumulate tournament points. Your position on the leaderboard at the end of the tournament determines how much you walk away with. 

    Here are the prizes you get: 

    • 1st place — 150 mBTC
    • 2nd place — 70 mBTC
    • 3rd place — 30 mBTC
    • 4 to 6th place — 20 mBTC
    • 7 to 10th place — 10 mBTC

    1xBit casino

    While you get ready for the stunning live casino tournament, here are some other benefits to enjoy at 1xBit: 

    • 100% Anonymity: No submission of personal details required! Simply sign up in seconds and start to bet anonymously.
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    Up in the sky, the winnings are high!

    1xBit Socials
    Blog | Twitter | Telegram | Instagram | YouTube

    Media Contact Details
    Contact Name: Anastasia Semenova
    Contact Email: marketing@1x-bit.com

    1xBit is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

  • ADA Finance Wins “Best DeFi Project of the Year” at AIBC Summit, Roger Ver Joins as Investor

    ADA Finance Wins “Best DeFi Project of the Year” at AIBC Summit, Roger Ver Joins as Investor

    Press Release: ADA Finance has become the first ever Cardano-based project to win the “Best Defi project of the year”, at AIBC Summit 2021, as investor Roger Ver joins a growing list of big-name influencers. 

    17th November 2021, Mahe, Victoria, Seychelles — Cardano and Avalanche-powered DeFi ecosystem ADA Finance has been announced as the winner of the highly anticipated “Best DeFi project of the Year” award at the 2021 AIBC Summit in Malta. 

    The win took place on November 16th, in unison with the addition of early Bitcoin investor Roger Ver, who has joined the project as an investor. These big announcements have synchronized perfectly for ADA Finance, with the project’s IDO just one month away in mid-December, 2021.

    Best DeFi Project of the Year

    Cross-Dual-Chain DeFi ecosystem ADA Finance has beaten some serious industry contenders to take the highly coveted prize of the “Best DeFi Project of The Year” award at Europe’s premier event for blockchain, AI, and emerging tech, AIBC Summit, Malta.

    ADA Finance is the first Cardano-based project to win the award, beating other highly revered projects, including community-focused DeFi token Safemoon, and PoW/DPoS hybrid consensus ABEYFoundation. 

    These recent achievements have put the spotlight on ADA Finance, with the project now joining the ranks of the awards previous winners, MakerDAO, and AI-powered DeFi portfolio project SingularityDAO. 

    Roger Ver & Other Big Names Join the Party

    The success of ADA Finance has caught the attention of Bitcoin investor and blockchain advocate Roger Ver. Known widely as “Crypto Jesus”, Ver was an early investor in Bitcoin back in 2011, and the previous CEO of Bitcoin.com.

    Known for his past involvement in successful blockchain projects, Ver has invested in Ripple,  (XRP) Kraken, Shapeshift, and Bitpay. More recently Ver has shifted his focus to the DeFi market with a sizable investment in decentralized oracle service provider XFai. 

    The project has also landed an A-list Influencer line-up alongside Ver, including YouTube sensation Carl “The Moon” and other notable names Crypto Banter, and MMCrypto. With a star-studded line-up bullish on the already successful project, all focus is now on the platform’s ADAFI token IDO in mid-December. 

    First Publicly Released Code on Cardano

    ADA Finance has chosen to take the innovative route of releasing its code on a public repository, becoming the first ever project built on Cardano to do so. The code is released under the GNU General Public License. This means that anyone can fork the code, as long as they also make their own staking code public. 

    ADA Finance is initiating this movement for the entire Cardano ecosystem, hoping that more projects will follow. This pioneering move speaks to the heart of the Cardano philosophy, and promotes openness and trust across both Cardno and the greater blockchain industry, with trust, fairness and potential for massive growth just some of the resulting benefits. 

    In addition, ADA Finance has recently announced an Academy Program with Bitdegree to help create awareness for Cardano blockchain development, and help to foster further involvement from the wider coding community. The program will also help to build a strong, sustainable ecosystem and grow talented, fully certified smart contract developers as Cardano grows as a layer one project. 

    With the “Best DeFi Project of the year” award as a springboard, a highly innovative blockchain, Academy Program, industry support, pioneering Cardano philosophy, and upcoming IDO, ADA Finance looks to be a contender for the hottest DeFi project going into 2022, and beyond.

    ADA Finance Socials
    Twitter | Telegram | Whitepaper | Facebook | LinkedIn | Docs

    Media Contact Details
    Contact Name: ADA Finance
    Contact Email: marketing@adafinance.io

    ADA Finance is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

  • LoX Network Brings IMEI Blacklists to the Blockchain with the First of its 3-Token Ecosystem Added to ProBit Global Markets

    LoX Network Brings IMEI Blacklists to the Blockchain with the First of its 3-Token Ecosystem Added to ProBit Global Markets

    Following a freshly stamped partnership, ProBit Global has added USDT, BTC, and ETH markets for the trading of LOX, the utility token powering the Lox Network’s unique 3-token approach of establishing transparent proof of ownership through NFT-stored digital identities stored on the XRP ledger.

    The two governance tokens comprising the core of the team’s NFT digital identifier and global security network will also trade on ProBit Global with SMARTLOX listing on November 24, 2021, 05:00 UTC and SMARTNFT trading scheduled to open December 1, 2021, 05:00 UTC.

    ProBit Global has also launched a trading competition where competing users proving their trading prowess will be eligible to claim a share of the 800,000 LOX rewards. 

    Lox Network addresses a viable market gap presented by the inadequacies of IMEI blacklisting to combat global phone theft through a dual NFT proof-of-ownership and a transparent ledger to verify real-time location and authenticity of digitally stored devices and user identities.

    By essentially storing a universal, verifiable IMEI blacklist on-chain, Lox Network uses NFT and its immutability properties to create a proof-of-ownership bond between digitally stored information of both a device owner and the physical device itself for tracking and provenance capabilities. 

    LOX is used for payments across the ecosystem, while holders can offer bounties, or rewards denominated in LOX for anyone recovering a lost device.

    Decentralized and securely stored private information will be housed on SmartNFT, which incorporates QR codes to mint a user’s data on an NFT. Essential device information such as IMEI and other identifiers will subsequently be stored as an NFT for safekeeping with proof of ownership establishing an immutable link between user and device.  

    Mobile security application SmartLOX establishes proof-of-ownership by linking the user and device NFT with both whitelisted following verification. By accessing the Lox Network and the XRPL-stored proof of ownership bonds, SmartLox can provide a full range of tracking and management services along with remote tracking and access for whitelisted devices. 

    Lox Network will expand its reach through additional IoT device onboarding and an upcoming feature called LOX Nano Security Tagging using microdot technology, which essentially laser-etches thousands of microscopic dots that can reveal key identifying information for valuables including electronic devices. 

    Holders of both SmartLox and SmartNFT will be privileged with governance oversight over quarterly token burns, token emissions, and fees generated from product and service usage. The stake pledging feature evens out the often lopsided playing field by enabling smaller holders to amplify their voting power by staking tokens over a 30-day duration. 

    ProBit Global will host The LoX Network team for an upcoming AMA session at a date to be specified with the team on hand to detail future developments and insights into their mobile device and digital identity solution. 

    ABOUT PROBIT GLOBAL

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    ProBit Global: www.probit.com
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