Astar Foundation to Burn 350M ASTR Tokens

1 min read

Astar Foundation, the lead organization for Astar Network development, has announced a token burn, which will permanently remove 5% of the ASTR genesis allocation, comprising 350M ASTR tokens. The tokens were originally set aside as a parachain auction reserve, but are no longer required due to upgrades to Polkadot. The Astar Foundation’s proposal was ratified after a governance vote, and the 350M ASTR reserve was used during the first phase

Magic Square Launches $SQR Staking Program for Token Holders

2 mins read

Road Town, BVI, March 25th, 2024 Following its acquisition of TruePNL earlier this year, Magic Square, the Binance Labs backed Web3 app store, has launched a staking program for holders of its $SQR token. This initiative aims to enhance the utility of the $SQR token and incentivize the Magic Square community to support the ecosystem’s growth. Token holders can earn an Annual Percentage Rate (APR) by staking their $SQR tokens across various

DigiFT Introduces First RWA Depository Receipt Tokens , To Safeguard Investors’ Rights And Protection On-chain

3 mins read

Singapore, Singapore, March 25th, 2024 DigiFT, the first licensed exchange for on-chain real-world assets, announced the launch of the first ever U.S. Treasury Bill depository receipt tokens that represent direct beneficial ownership in the underlying U.S. Treasury Bill. Depositary receipts (DR) are a well-tested structure in traditional finance and was first introduced in the late 1920s when J.P. Morgan created the first American Depositary Receipt (ADR) to facilitate trading of

ProBit Global Announces Exclusive 50% Discount on MUSIC Tokens

2 mins read

Vilnius, Lithuania, January 16th, 2024 ProBit Global, a top 20 global cryptocurrency exchange, is excited to announce an exclusive promotion providing its users the opportunity to purchase Gala Music (MUSIC) tokens at a 50% discount. The limited-time offer will run from January 23rd to 29th, 2024. Load Up on Limited-Time Token Discounts Through the promotion, ProBit Global will make available a total allocation of 10,000 USDT worth of MUSIC tokens to its

Artificial Intelligence Tokens Skyrocket with a 200% Surge, Breaking $3 Billion in Trading

1 min read

The weekly trading activities of crypto projects centered on artificial intelligence (AI) have increased dramatically in the last six weeks. AI-related crypto assets such as Render (RNDR), Worldcoin (WLD), and (FET) have been leading the pack in terms of trading volume, according to Kaiko, a prominent on-chain analytics firm. According to the data presented in Kaiko’s tweet, the trading volume of AI tokens was initially less than $1 billion

Swiss Bankers Association Pushes for Deposit Tokens to Boost Digital Economy

1 min read

The Swiss Bankers Association has published a white paper that outlines how Swiss banks can contribute to the development of the country’s digital economy. The group has suggested a Swiss franc “joint” deposit token as a solution. According to the paper, stablecoins have limited penetration in the Swiss financial system despite end-to-end digitization becoming more common in business models. Additionally, there are no Swiss stablecoins that are accessible by the