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.
Blockchain
JuicyBet Launches Its Innovative GambleFi Platform
JuicyBet, a Web3 startup, announced the launch of its GambleFi platform. This platform combines finance technology and gambling via blockchain to create unique opportunities and experiences for users. The company strives to revolutionize the principles of the online betting industry and the interaction between platforms and users in this market.
What is GambleFi?
GambleFi uses blockchain technology to ensure the fairness and transparency of games and betting outcomes and for players to get their share of the platform’s earnings and participate in its governance and day-to-day by holding its tokens.
How JuicyBet works
JuicyBet fully utilizes blockchain technology to establish a new ecosystem that has never been seen in the gambling industry. It is centered around user participation and transparency while providing gambling thrills and quality entertainment.
All game records on the platform are kept in a public blockchain, while a set of smart contracts automates gaming outcomes and payouts and provides for the platform governance via the DAO model. This reduces fraud risks and operational costs, making JuicyBet a more efficient platform.
However, the platform’s main feature is the unprecedented level of user engagement via the platform’s native tokens.
- First, the tokens provide access to betting.
- Second, token holders get their share of the platform’s profit.
- Third, token holders can vote on key decisions on the platform’s development in JuicyBet DAO.
- And finally, DAO participants can also perform the role of oracles for bets and earn rewards.
In other words, JuicyBet doesn’t try to be just another gambling platform. It establishes a new ecosystem where users are in control of the platform and bets and are the beneficiaries of the platform.
In addition, JuicyBet offers additional earning opportunities, such as Double Farming and staking for token holders.
JuicyBet has already been noticed by users and investors – the platform’s 3-month turnover has exceeded $1,5 million, according to on-chain data available via Dune, and multiple centralized exchanges and launchpads have listed it.
Blockchain
Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity
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
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