Blockchain
Token Swap, Trading And Royalty Payments
Following strategic review, Quanta is now rebuilding its ecosystem, utility and token model towards its goal of using blockchain solutions to create gaming, fintech and e-wallet services that make social impact to targeted markets.
As promised, Quanta will warrant payment of royalties to eligible token holders. Upon compilation of all wallet addresses and royalty calculations, we will proportionately pay this royalty in ETH back to those wallet addresses on record. Payment date of ETH will be made in June 2020. Since QNTR is more than likely treated as a security (ie., pay dividends), review is ongoing on subsequent future royalty payments and distributions most efficiently.
QNTU’s utility was limited based on the existing ecosystem which would support the historical token price trajectory since inception. In order to achieve Quanta’s expansion of new gaming licenses and future deployment of Quanta Pay with the offering of various digital services and payments to targeted markets, a new token QNTX is introduced by management with expanded utility from gaming to free-to-play social impact lotteries to fintech, escrow, approve-and-call and payment services.
To reward current QNTU holders and allow for Quanta to complete the ecosystem expansion, token holders will be able to swap for the new token by rolling their current QNTU token into the new QNTX token. Or alternatively, token holders may always trade out of their QNTU positions through the public crypto exchanges no later than May 1st.
Aligned with the new ecosystem, a token swap will be implemented by conversion of all QNTU tokens into QNTX tokens. Price consolidation will be performed by conversion at 20,000 QNTU to 1 QNTX to bring back the token price to a more comprehensible monetary value (e.g., 1,000,000 QNTU at $0.00002 = 50 QNTX at $0.40). This will be fully actioned by the end of June based on the final QNTU ending price from CoinMarketCap on May 1st.
Staking options and full wallet address details will be provided by the end of March 2020 to all QNTU token holders on a one-time basis by rewards of new QNTX tokens based on holding period. If you pledge tokens to our stipulated wallet addresses by May 1st, Quanta will give you more bonus tokens based on the holding period. For 1M, 3M, 6M, 1Y or 2Y maturity, we will reward holders with an extra 10%, 15%, 25%, 50% or 100% respectively in new QNTX bonus tokens.
In order to complete the above plan, exchange trading of QNTU will freeze on May 1st on all listed exchanges but relisting of the new QNTX token will take place on or around September 1st. Full proper procedures, complete listing of staking wallet addresses by maturity band and a support line will be released and communicated to all token holders by the end of March 2020.
We hope that you will continue with the aspirations and exciting rebuild of the Quanta project, its Quanta Pay e-wallet and its newly designed QNTX token. Please refer to the token roadmap and look out for much more exciting announcements soon.
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.
This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.
Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”
This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.
The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.
Blockchain
HIPTHER Announces Major Expansion into Fintech, Blockchain, and AI, Reinforcing Its Position as a Diverse Industry News Leader
Building on its established success in the gambling and iGaming sectors, HIPTHER Agency is excited to announce a significant expansion of its editorial focus into three dynamic industries: fintech, blockchain, and artificial intelligence. This strategic move is part of HIPTHER’s ongoing commitment to providing comprehensive, in-depth coverage across a spectrum of industries, including virtual reality, esports, and official global government releases.
Focused Expansion for a Diverse Audience
The expansion into fintech, blockchain, and AI represents HIPTHER’s dedication to staying at the forefront of technological and financial advancements. By integrating these sectors into the HIPTHER .com platform, the agency offers its audience a rich, diverse content experience, positioning itself as a one-stop destination for insights across these cutting-edge fields.
Enhanced Digital Presence and Accessibility
Complementing this expansion, HIPTHER continues to enhance its digital footprint. The agency’s Android app has already established a strong user base, and with the anticipation of an iOS app in 2024, HIPTHER is set to broaden its reach and accessibility. The agency’s social media channels are also being rebranded to reflect this expanded focus, ensuring a cohesive and comprehensive digital experience.
Unwavering Commitment to Quality and Insight
HIPTHER, known for its high-quality content in the gambling industry, extends this commitment to its new sectors. The agency’s team of experts and seasoned journalists is dedicated to delivering insightful, accurate, and timely information, catering to the needs of a diverse, global audience.
Zoltan Tundik, Co-Founder and Head of Business at HIPTHER, states, “Our expansion into fintech, blockchain, and AI is a natural progression of our mission to provide diverse, in-depth industry news. We’re excited to bring our expertise and quality content to these vibrant sectors, while continuing to serve our existing audiences with the coverage they trust.”
For more information, please visit HIPTHER.com
Hipther proudly announces the commendable initiative by the Polish Blockchain Association: the “Top Women of Web3, Central and Eastern Europe edition.” This groundbreaking effort aims to spotlight and celebrate the outstanding contributions of women shaping the Web3 landscape in Poland and the broader Central and Eastern European region.
Diversity as a Driving Force
Recognizing the transformative power of diversity, the Polish Blockchain Association acknowledges the invaluable impact women are making in the Web3 and blockchain industry. Despite these significant contributions, women remain underrepresented in the public sphere of the industry, particularly at conferences, webinars, and other events. The initiative seeks to address this imbalance and bring more visibility to the achievements of female colleagues in the region.
Nominate Outstanding Women
If you share this commitment to fostering diversity and inclusivity, we invite you to participate in this empowering initiative. Nominate outstanding women who have had a direct impact on the Web3 space over the past year. Whether it’s yourself or a colleague, we want to hear about the remarkable women shaping the industry in Central and Eastern Europe!
To nominate, simply visit the nomination page. The deadline for submissions is December 31, 2023, and the winners will be announced in January 2024.
Recognition and Rewards
The Polish Blockchain Association will select 20 outstanding profiles from the nominations, and the winners will be featured in a special report. This report will not only be published by the association but, subject to consent, will also be made available to conference and event organizers. This initiative aims to increase the visibility of women in core industry events as speakers and contributors. Additionally, winners will receive free tickets or discounts to attend the next year’s Tech of Tomorrow Conference, organized by the Polish Blockchain Association on September 19-20, 2024.
Inspire the Next Generation
By showcasing the diverse talent in the Web3 space, we aspire to inspire the next generation of leaders. Join the Polish Blockchain Association in supporting and recognizing the women who are driving innovation and excellence in the blockchain and Web3 industry.
Hipther is proud to stand alongside our Strategic Partners, the Polish Blockchain Association, in communicating this impactful initiative. Let’s work together to create a more inclusive future for the world of technology!
The Polish Blockchain Association is a non-profit organization fostering knowledge and experience exchange in the area of blockchain technology. Their mission is to connect experts, developers, enterprises and tech enthusiasts, and serve as a collaboration-enabling platform for the whole Polish and global blockchain community. Under the scope of this mission, they have joined forces with Hipther as Strategic Partners for the most impactful GameTech in-person gathering in CEE, the Prague Gaming & TECH Summit.
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