David Marcus, the Head of Calibra at Facebook: Libra, 2 Weeks In 11093

Facebook

It’s been two weeks since we introduced Libra, a new cryptocurrency powered by blockchain technology. We shared a white paper, a number of deep-dive papers on important topics, a testnet, and additional material. Since then, we’ve seen a lot of great dialogue from many different viewpoints. It’s been encouraging how receptive so many people have been to the Libra vision and approach. As expected there are also some questions and a few misunderstandings. So I wanted to take the time to provide answers and add clarity. We’ll keep doing this along the way to keep everyone informed and up to date.

Before I do so, I wanted to remind everyone that Facebook, through its subsidiary Calibra, is just one of the initial 28 Founding Members that are coming together to form the Libra Association. It’s easy to assume from the headlines that Libra is only associated with Facebook, but that is not the case.

We made the deliberate decision to announce the plans for Libra early. This was after an initial consultative phase with regulators, central banks, and other organizations from all around the world. Our rationale was simple: We wanted to encourage open discussion by design. Launching a high-quality medium of exchange in the form of a cryptocurrency, and its supporting infrastructure, cannot happen in darkness. If we truly want to have a chance to better serve the billions of people, and businesses, who deserve to be served by modern, open, financial services, this is the only way.

Is this really a blockchain? It’s not open. It’s not decentralized!

While the initial mechanism by which organizations can run a node and become a member of the Libra Association, is definitely not as open as, say Bitcoin, where anyone can participate in the consensus algorithm, the Libra Blockchain is absolutely designed to be open. What this means is that no one needs to become a member to access the blockchain, and to build services like wallets, or merchant acceptance.

On decentralization — we totally get the point — fungibility of nodes to ensure they can always be replaced over time is a fundamental principle of blockchains, and that’s why we’re committed to gradually transitioning to a permissionless state in the years to come. But it was important to start with trusted entities that could operate in a regulated environment and with the operational expertise required to ensure the integrity of the network in its foundational stage.

I’d argue that one hundred geographically distributed, industry-diverse organizations is quite decentralized. Maybe not enough at equilibrium, but to start. As a comparison, often the concentration of power in the hands of those running software for mining pools on other blockchains is overlooked. But there’s no question that there are more decentralized blockchains available, and that the Libra Association must strive to gradually decentralize it further.

Why isn’t there already a charter in place for the Libra Association?

Facebook could’ve unilaterally written a charter for the Libra Association and have new members ratify it. But this would have been against the spirit behind our approach to the creation and operationalization of the Libra Association. We wanted every initial founding member to take part in the hard process of setting up governance rules, picking a Managing Director, and other key decisions that should not be made in isolation. We have tried to design a system which limits the power of single organizations, including Facebook, so that this network can have a chance to become a public good one day.

You talk about financial inclusion a lot, but can Libra really address this critical issue?

I’ve read many opinions about this topic since we announced. One was notably striking. Someone wrote that the key reason people are unbanked is that they don’t have enough money to actually be banked, and claimed Libra wouldn’t solve this. I found that point to embody the misunderstandings around what holds people back. The current system is designed in such a way that if your balance falls below a certain threshold, you’re charged fees you can’t afford. The very people who say they lack the money to open a bank account are actually not saying that they have no use for modern financial services.

They’re just saying they can’t afford to access the system, so they remain on the fringes and are forced to use services that charge exorbitant fees and rates. With Libra, anyone with a $40 smartphone and connectivity will have the ability to securely safeguard their assets, access the world economy, transact at a much lower cost, and over time access a whole range of financial services. We firmly believe that if Libra is successful, it can be a non-linear step change for billions of people who need it the most.

What are your plans to engage with regulators and lawmakers?

We’re talking about something new, at scale in a very regulated industry, and if this is not done right, it could definitely present systemic risks no one wants. This is why we believe in and are committed to a collaborative process with regulators, central banks, and lawmakers to ensure that Libra helps with the kinds of issues that the existing financial system has been fighting, notably around money laundering, terrorism financing, and more. At the core, we believe that a network that helps move more cash transactions — where a lot of illicit activities happen — to a digital network that features regulated on and off ramps with proper know-your-customer (KYC) practices, combined with the ability for law enforcement and regulators to conduct their own analysis of on-chain activity, will be a big opportunity to increase the efficacy of financial crimes monitoring and enforcement. We will – and more importantly, the Libra Association will – continue to engage proactively and openly with all relevant stakeholders on these key issues. Libra should improve detection and enforcement, not set these back.

Can Facebook be trusted to manage financial services?

Facebook will not control the network, the currency, or the reserve backing it. Facebook will only be one among over a hundred members of the Libra Association by launch. We will not have any special rights or privileges. Facebook created a subsidiary — Calibra — that will operate a wallet service on top of the Libra Network, and while Facebook, Inc. owns and controls Calibra, it won’t see financial data from Calibra. Even more importantly, people will have many ways in which to use Libra and access the network. You’ll be able to use a range of custodial and non-custodial wallets that will have full interoperability with one another, meaning you’ll be able to pay and receive payments across wallets from different companies, or use a software wallet you’d operate on your own. Bottom line: You won’t have to trust Facebook to get the benefit of Libra. And Facebook won’t have any special responsibility over the Libra Network. But we hope that people will respond favorably to the Calibra wallet. We’ve been clear about our approach to financial data separation and we will live up to our commitments and work hard to deliver real utility.

What’s in it for Facebook? Why are you doing this now?

First, and foremost, because this is mission-aligned. Bringing the world closer together involves giving people tools to connect and communicate, but right now, while people can send each other text, videos, photos, and more, in many cases they can’t easily move value between one another. Economic empowerment is one of our core values, and the 90 million businesses on the Facebook platform can attest to that. We’ve done a lot to democratize free, unlimited communications for billions of people. We want to help do the same thing for digital money and financial services, with one key difference: This time around we will relinquish control over the very network and currency we’ve helped create. If Libra is successful, Facebook will first benefit from it by enabling more commerce across its family of apps. More commerce means ads will be more effective, and advertisers will buy more of them to grow their businesses. Additionally, if we earn people’s trust with the Calibra wallet over time, we will also be in a position to start offering more financial services, and generate other revenue streams for the company.

We are looking forward to continuing to engage with the various communities and stakeholders. We want to hear your feedback, and we are committed to taking the time to get this right. This was the whole reason for sharing our plans early, and opening up Libra’s codebase to the world. The time between now and launch is designed to be a collaborative, open process. In that spirit, I look forward to testifying in Congress in front of both the Senate Banking and House Financial Services Committees in the weeks to come.

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OriginTrail Decentralized Knowledge Graph for trusted cross-organization real-time data integration in EU-funded DMaaST 2353

Trace Labs, the core developers of OriginTrail, has joined the European Union’s initiative to foster a resilient and adaptive manufacturing ecosystem through the DMaaST project. Collaborating with partners from Slovenia, Spain, Germany, Portugal, Turkey, Serbia, Belgium, Lithuania, France, Denmark, and Switzerland, the initiative will leverage the OriginTrail Decentralized Knowledge Graph (DKG) and Knowledge Assets (KA) to encapsulate all pertinent information regarding products, processes, facilities, and human expertise. This comprehensive approach will facilitate the precise mapping of data flows and knowledge interconnections, laying the groundwork for comprehensive information mapping within the manufacturing ecosystem using OriginTrail DKG. Consequently, this will ensure trustworthy cross-organizational real-time data integration.

Once more, attention has been drawn to challenges within the aeronautic and manufacturing industries following a January incident in which a Boeing 737 MAX 9 door plug blew out in the middle of an Alaska Airlines flight. If the company had established reliable cross-organizational communication, it could have prevented this incident. Such communication would enhance the value chain’s responsiveness to external and unforeseen events, as well as improve operability and production planning capacity.

Effective, transparent, and reliable data exchange are the most important points for fostering sustainability, resilience, and energy efficiency in the manufacturing industry. However, over the past years, various challenges have come to the forefront within this sector.

  • Supply Chain Disruptions: The COVID-19 pandemic highlighted existing vulnerabilities in global supply chains, leading to disruptions in the flow of materials and components. Issues such as raw material shortages, transportation bottlenecks, and labor shortages have persisted, impacting manufacturing operations worldwide.
  • Cybersecurity Risks: With the increasing digitization of manufacturing processes through technologies like the Internet of Things (IoT) and Industry 4.0, cybersecurity threats have become a significant concern. Manufacturing facilities are increasingly vulnerable to cyberattacks that can disrupt operations, steal sensitive data, or compromise product quality and safety.
  • Data Silos: Manufacturing organizations often operate with fragmented data systems, leading to isolated data silos across departments or functions. This fragmentation inhibits seamless data interoperability and hampers comprehensive insights that could drive operational efficiency and innovation.
  • Lack of Standards: The absence of standardized data formats and protocols complicates data exchange and integration efforts within and across manufacturing enterprises. Without universally accepted standards, interoperability becomes a significant challenge, impeding the flow of data between different systems and stakeholders.
  • Data Privacy Concerns: With the proliferation of data collection and sharing practices in manufacturing, ensuring data privacy and protection is paramount. Manufacturers must navigate complex regulatory landscapes, safeguarding sensitive information from unauthorized access or misuse while balancing the need for data-driven decision-making.
  • Ownership and Control: Determining ownership rights and control over manufacturing data can be contentious, especially in collaborative environments or supply chain networks. Disputes may arise regarding data ownership, usage rights, and intellectual property, complicating data sharing agreements and hindering collaborative initiatives.
  • Legacy Systems Integration: Many manufacturing facilities still rely on legacy systems that were not designed with interoperability in mind. Integrating these outdated systems with modern data platforms and technologies poses significant challenges, requiring extensive customization, retrofitting, and investments in interoperability solutions.

DMaaST aims to enhance manufacturing ecosystem resilience and adaptability by employing a Smart Manufacturing Platform comprising four layers. The data layer establishes a foundation for real-time data integration across organizations using ontologies and OriginTrail Decentralized Knowledge Graph. Following this, a two-level cognitive digital twin is deployed to model both manufacturing services production lines and value chain stages. It incorporates human expertise, data-driven algorithms, and physical modeling. An algorithm for multi-objective distributed decision support systems leverages this data to facilitate optimal production decisions. Outcomes will be communicated via user-friendly interfaces and timely scoreboards, assessing circularity, sustainability, and product traceability. Over the four-year period, DMaaST ensures scalability and innovation by providing insights for replicating and improving manufacturing processes, advancing technologies in aerospace and electronics sectors.

Trace Labs will lead the data working group to develop and validate technologies aimed at facilitating data understanding, interoperability, and secure cross-organization integration. With integration of OriginTrail DKG for the electronic and aeronautical sector, creating a new powerful knowledge base with artificial intelligence capabilities. The DKG will establish a decentralized database accessible to all participants in a manufacturing value chain, including manufacturers, suppliers, distributors, retailers, regulatory bodies, research institutes, and others. This will enhance the manufacturing ecosystem’s ability to autonomously withstand and adapt to external events.

OriginTrail DKG has been widely utilized to foster trust and transparency in enterprise knowledge exchange across various industries. Now, it is evolving to facilitate global knowledge connectivity, powering the Decentralized Retrieval Augmented Generation (dRAG) framework for more precise and inclusive AI. Given the challenges of verifying AI-generated results, OriginTrail DKG, with Knowledge Assets as its primary resource, represents a pivotal innovation in this context. It offers a robust framework for ensuring the ownership, discoverability, and verifiability of information utilized by AI systems for the manufacturing industry.

Besa Gaming: Revolutionizing the Gaming Industry with Blockchain 2888

In a world where pixels collide with possibility, the blockchain gaming industry stands as a testament to the transformative power of technology. According to Grand View Research, The global blockchain in gaming market size was valued at USD 4.83 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 68.3% from 2023 to 2030. With its unique blend of decentralized networks and digital assets, blockchain gaming has transcended traditional boundaries, offering players unparalleled opportunities for ownership, creativity, and reward. Blockchain technology has revolutionized the gaming experience for businesses and players, allowing them to use cryptocurrencies and Non-fungible Tokens (NFTs) to purchase in-game assets. At the forefront of this revolution stands Besa Gaming—a pioneering force committed to reshaping the gaming landscape with its innovative approach to blockchain integration and utilization of cryptocurrency and NFTs. As the industry continues to evolve, Besa Gaming stands poised to lead the charge, offering players an immersive gaming experience unlike any other.

The Besa Gaming Company represents a paradigm shift in the gaming industry, offering an innovative fusion of entertainment and cryptocurrency. Positioned on the blockchain, Besa Gaming provides users with an exhilarating gaming experience where they can not only enjoy captivating gameplay but also earn real money in the process. Through their Play-to-Earn (P2E) options, players have the opportunity to engage with friends and the global gaming community, all while reaping rewards for their efforts. The platform’s unique approach emphasizes rewarding token holders, ensuring that investors are incentivized to hold onto their $BESA tokens for the long term. With a mission to create accessible and enjoyable games for all, Besa Gaming is committed to establishing itself as a leader in the gaming space while providing lucrative benefits for its dedicated supporters.

Delving into Besa Gaming’s diverse portfolio of captivating games, each offering a unique and immersive experience, we find:

  1. Gold Rush Racer: Gold Rush Racer is the ultimate endless arcade racing game, offering thrilling gameplay where players navigate through highway traffic, earn coins, and upgrade their cars to dominate global leaderboards. With stunning 3D graphics and smooth car handling, it promises non-stop excitement across various environments and game modes. Gold Rush Racer is available in android and apple app stores.
  2. Crypto Bros: Crypto Bros is the blockchain adaptation of a familiar gameplay format. Featuring 15 levels and a choice of 2 characters, it also supports in-game advertising. Currently, the company is diligently working on a new update to deploy it to app stores.
  3. Bullet Storm Reloaded: Bullet Storm Reloaded is a thrilling bottle shooting game that puts your gun skills to the test. With stunning 3D graphics and a diverse selection of 24 new guns, including pistols, revolvers, and assault rifles, this game offers an immersive experience for target shooting enthusiasts. Bullet Storm Reloaded is available on Android and currently waiting for approval for IOS.
  4. Besa Crypto Slot Machine: Besa Crypto Slot Machine integrates crypto into the thrilling universe of slot gaming. It also allows the company to incorporate various blockchain & cryptocurrency logos into the game and reward top players every week. As Besa Gaming expands their partnerships, more options and rewards will be available to players and holders.

Besa Gaming’s team of developers will continuously update and improve our existing games while adding even more games and utilities to our ever-expanding ecosystem. In the pipeline, we have our Drift Fury 3D game, our Besa Online Casino, and more! Besa Gaming is the first project to offer in-game space for advertising. It utilizes the game environment to incorporate ads and information that can be constantly updated to keep it fresh and exciting.

Besa Gaming is strategically positioned to revolutionize the gaming industry with its innovative business plan.

  • NFTs: Introducing four levels of NFTs, including OG, Gold, Silver, and Normal, Besa Gaming offers exclusive benefits to NFT owners, including participation in a private group and the board of directors.
  • Advertising: Leveraging in-game advertising, Besa Gaming generates revenue to benefit all token holders by purchasing and distributing tokens, fostering community support and growth.
  • Staking: With plans for staking implementation, Besa Gaming aims to utilize a portion of the selling tax to fund staking rewards, empowering token holders and ensuring project sustainability under the guidance of the board of directors.
  • Multi-Token Expansion: Besa Gaming plans to expand its presence across different markets, enhancing the BESA brand and utilities to reach a broader audience of crypto holders while maintaining transparency and community engagement. Besa Gaming is currently available on Binance and Solana networks.

Tokenomics Overview:

Besa Gaming implements a comprehensive tokenomics to ensure the sustainability and growth of its ecosystem. With zero tax on the Solana version and a 4% buy tax on the Binance Smart Chain (BSC) version, rewards are distributed to holders, NFT owners, and liquidity providers automatically. Additionally, the liquidity is locked for one year on Solana and ten years on BSC, safeguarding the stability of the platform.

The breakdown:

Solana Version:

  • Zero tax structure.
  • Rewards distributed to Solana holders multiple times a week.
  • Exclusive airdrops and income from partnerships for Solana holders.

BSC Version:

  • 4% buy tax distributed to holders, NFT owners, and liquidity pool.
  • 6% sell tax with 3% going to all holders and 3% for team development and advertising.
  • Liquidity locked for 10 years on Pinksale.

OG NFTs:

  • Limited edition NFTs available with exclusive benefits.
  • Rewards through buy tax implemented on BSC version.
  • Owners gain access to a private group for voting on Besa-related decisions and share in 10% of the profit sent directly to them profits generated by the platform’s utilities.

In addition to that, Solana, BCS, and NFT holders also receive rewards from the company’s buyback program, which is funded by the income generated through Besa Gaming’s in-game advertising, as well as Google and Facebook ads within the games.

Empowering Change Beyond Gaming

Besa Gaming goes beyond entertainment, embracing a mission to make a positive impact on the world. Founded on principles of compassion and community, we’ve launched the Finhope foundation to uplift communities, support vital causes, and amplify efforts to find missing people. Driven by passion and collaboration, we’re more than just a gaming community—we’re a movement. Leveraging the power of technology, the company amplifies the voices of the missing, allowing them to share their stories. Their images are integrated into the games and shared across company social media platforms. Additionally, Besa Gaming provides donations to aid in the search for the missing. Visit https://www.findhopefoundation.org to learn more.

Besa Gaming Team

Besa Gaming boasts a fully transparent and doxxed team, ensuring trust and accountability at every level. Led by Founder & CEO Gabriel Navarro, the team comprises industry experts dedicated to driving innovation and excellence. With Gerardo Ramirez as the Tech Lead, Darius Oravec overseeing hardware development, and Mukesh serving as the Sr. Software Developer, Besa Gaming combines technical prowess with creative vision. Chris Burns leads the marketing efforts, while Ronnin handles social media engagement, ensuring a cohesive and dynamic approach to building and promoting the Besa Gaming brand. Together, this talented team is committed to delivering cutting-edge gaming experiences and driving Besa Gaming’s success in the industry.

Through their diverse portfolio of immersive games and promising roadmap, community friendly tokenomics, Besa Gaming not only captivates audiences but also empowers them to participate in a gaming ecosystem unlike any other. Moreover, Besa Gaming’s dedication to social impact, demonstrated through the Find Hope Foundation, underscores their broader mission to effect positive change beyond the realm of entertainment. As the company continues to expand its reach and influence, supported by a transparent and skilled team, Besa Gaming invites enthusiasts to join their movement, gaming with purpose and transforming lives one play at a time.

Besa Gaming Socials:

Website: https://www.besagaming.com
Telegram: https://t.me/GamingUmbrella
Facebook: https://bit.ly/besa-facebook
Twitter: https://bit.ly/besa-twitter
Instagram: https://bit.ly/besa-instagram
Discord: https://bit.ly/besa-discord
Tiktok: https://bit.ly/besa-tiktok

Introducing BitBonus: Revolutionizing Crypto with 4% Tax and 5 Unique Utilities 3359

BitBonus emerges as a groundbreaking addition to the crypto sphere, offering investors a unique opportunity to participate in a project with unparalleled potential. With a distinctive 4% tax structure, BitBonus is poised to redefine the landscape of decentralized finance, prioritizing rewards for holders and fueling strategic marketing initiatives.

The BitBonus Advantage:

At the core of BitBonus lies a 4% tax mechanism, where 2% of every transaction is distributed to holders in BTC, fostering a culture of passive income generation. The remaining 2% is allocated to the marketing wallet, ensuring continuous growth and visibility for the project.

Five Dynamic Utilities:

  1. Fashion Forward: BitBonus unveils a cutting-edge clothing brand that not only exudes style but also offers convenience through online purchasing and pop-up stores worldwide.
  2. Luxury Experiences: Experience the epitome of extravagance with BitBonus’ booking website, curated to provide access to exclusive luxury experiences around the globe.
  3. Venture Capital: BitBonus Ventures champions visionary entrepreneurs aligned with the mission of advancing economic freedom globally. Holders of BitBonus tokens will enjoy rewards from this initiative, with more details to follow soon.
  4. Alpha Club: The BitBonus Alpha Club welcomes Diamond holders and select influencers into an exclusive realm of privileges, including token rewards and exclusive contests.
  5. Secret Utility: Stay tuned for an exciting announcement regarding BitBonus’ undisclosed utility, set to elevate the project’s impact and utility within the crypto community.

NFT Collection and Future Integration:

BitBonus is proud to unveil an exclusive NFT collection, poised to complement and enhance its diverse range of utilities in the near future, promising unique and rewarding experiences for holders.

Upcoming Milestones:

BitBonus marks its inception with a fair launch on PinkSale, offering transparency and accessibility to all investors. Witness the journey unfold from start to finish at: PinkSale Launchpad https://www.pinksale.finance/launchpad/bsc/0xFb7725242a891220105C02d67ba62CD3d4368b09

Following the launch, BitBonus is set to make its debut on PancakeSwap, providing liquidity and accessibility to investors on one of the most popular decentralized exchanges.

Connect with BitBonus:

Website: https://bitbonusbsc.com/
Twitter: https://twitter.com/BitBonusBSC
Telegram: https://t.me/BitBonusbsc_official

About BitBonus:

BitBonus is a revolutionary project dedicated to maximizing value for its holders through innovative utilities, strategic partnerships, and a dynamic tax structure. With a commitment to transparency, sustainability, and community empowerment, BitBonus is poised to redefine the future of decentralized finance.

Galxe Launches Galxe Passport V2, Boosting Privacy and Security for over 900K Passport Holders 3664

Galxe, the leading web3 infrastructure and digital identity network, today unveiled Galxe Passport V2, the next evolution in web3 identity management, now enhancing the security and privacy of nearly one million passport holders.

With the launch of Galxe Passport V2, users benefit from new features designed to redefine identity verification and management across the web3 ecosystem. As the premier identity solution provider in web3, Galxe continues to lead the industry by prioritizing robust security measures with seamless integration with the Galxe Identity Protocol, marking a full integration between Galxe Passport and the Identity Protocol to bring privacy protection features to all users.

“The release of Galxe Passport V2 marks a crucial step in our mission to onboard the world to web3, reinforcing the vital role of trust and security in digital interactions,” stated Harry Zhang, Co-Founder of Galxe. “By introducing key new features and integrating the passport with our Identity Protocol, leveraging Zero-Knowledge Proof technology, we are not just upgrading our technology–we are advancing a secure, privacy-focused framework that supports our vision of a user-centric web3 ecosystem. We are committed to providing a seamless experience that upholds the integrity of digital identities, making web3 accessible and safe for our community and our partners. With each innovation, we move closer to realizing a world where digital identity management is as natural as it is secure, ensuring that every user can navigate the web3 space with confidence.”

New Features and Upgrades to the Galxe Passport

  • Private Data Vault: A new, secure system for storing encrypted identity data and credentials, the Galxe Vault simplifies access to identity information while upholding the highest standards of privacy and security. This system allows users to manage their digital identities easily across various platforms, leveraging Zero-Knowledge Proof (ZKP) technology to ensure complete privacy.
  • Facial Re-Verification: A major step forward in securing user identities, this feature introduces periodic facial verifications within the KYC processes, ensuring the continuity and authenticity of user identities. It targets the eradication of false KYC verifications by verifying biometrics against initial records, significantly reducing identity fraud and enhancing compliance.
  • Timestamped Verification: Strengthening the integrity of the verification process, this feature provides detailed timestamps for each successful verification, including the date and time of the first and last successful verifications, along with the total number of successful verifications. This adds a layer of transparency and security, making it a robust tool for authenticity assessments.

Seamless Transition and Enhanced Integration

The transition to Galxe Passport V2 will be seamless for all existing users, with the automatic upgrades to the new version. New users will directly experience the advanced capabilities of V2 from the outset, ensuring all users benefit from enhanced security and privacy features. To explore the upgraded features and capabilities of Galxe Passport V2 or to mint your own Passport today, visit https://app.galxe.com/passport.

About Galxe

Galxe is the leading web3 infrastructure and digital identity network, empowering seamless web3 experiences through modular AI, digital identity, and blockchain technologies. Central to the ecosystem, the Galxe Identity Protocol provides a foundational layer for secure and self-sovereign digital identity management. Alongside the protocol, Galxe’s product suite–Galxe Quest, Galxe Passport, Galxe Score, and Galxe Compass–supports the development of the next generation of web3 applications. With a vibrant community of over 20 million active users and partnerships with more than 5,000 brands, Galxe has proven itself as a pioneer and leader in digital identity solutions, fostering community growth, and enhancing user engagement. Dedicated to making web3 accessible to all, Galxe serves end-users and developers worldwide.

Galileo Protocol launches LEOX airdrop with 250,000 token reward pool 3839

In a significant move towards integrating blockchain technology with real-world assets, Galileo Protocol is thrilled to announce its LEOX token airdrop, designed to engage and expand its community. The airdrop features a generous pool of 250,000 LEOX tokens and offers participants a firsthand experience in a leading-edge RWA tokenisation ecosystem.

Exploring the Reward Pool

  • Fairdrop Pool: 150,000 LEOX dedicated to holders of Nebula and NFT communities who embody the web3 experience (CommuNFTy Pool).
  • Farmooor Pool: 100,000 LEOX allocated to active Galileo Marketplace participants.

Fairdrop Pool access

  1. Eligibility: Hold an unlisted Nebula or partner NFT (to be announced in early May) during the snapshot period (April 3rd – June 1st).
  2. Snapshot verification: Ensure NFTs are in your wallet during the June 1st snapshot.
  3. Receive LEOX Tokens: Tokens will be automatically distributed on June 15th to eligible wallets.

Farmooor Pool Access

  1. Marketplace registration: Sign up at the Galileo Marketplace and complete KYC verification.
  2. Social engagement: Share your sign up on your socials. Galileo will be adding a link input feature for participation.
  3. Active participation: Make purchases on the marketplace from April 3rd to September 30th.
  4. Final verification: Maintain active participation through the September 30th snapshot.
  5. Token distribution: Eligible participants will receive their tokens on October 31st.

Participation Benefits

This airdrop is more than a reward; it’s an invitation to explore the transformative potential of RWAs on the blockchain. Participants will gain early access to a platform that blends the physical and digital worlds, creating secure, transparent, and liquid markets for assets previously constrained by traditional boundaries.

Why Galileo Protocol?

Galileo Protocol stands at the forefront of the RWA blockchain movement, focusing on the tokenisation of tangible assets to enhance their usability, liquidity, and security in the digital age. Galileo Protocol not only supports the tokenisation of assets but also ensures their real-world applicability and integration.

Safety notice

Please interact only through official Galileo channels and verify all links before engaging. Remember, the Galileo team will never reach out via direct messaging first.

About Galileo Protocol

Dedicated to revolutionising asset management, Galileo Protocol uses blockchain technology to authenticate, tokenise, and mobilise real-world assets. This approach aims to unlock the value of physical assets and make them accessible in the crypto space, enhancing transparency and trust.

Join this forward looking journey with the Galileo Protocol’s LEOX airdrop. Step into the future of asset management and discover the full capabilities of Galileo Protocol’s RWA tokenisation platform.

Follow Galileo Protocol’s official channels

Telegram Group: @galileoprotocolcommunity
Discord Group: https://discord.gg/vQQPXXcKsv
Own a Nebula here: https://nebula.galileoprotocol.io/
Visit the Galileo Marketplace: https://app.galileoprotocol.io/

MetaComp Announces Strategic Partnership with Harvest Global Investments to Explore Bringing HK-Listed ETFs to Investors in Singapore and Beyond 3861

MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong. HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a significant step towards potentially broadening the accessibility of innovative financial products globally with special emphasis on the recently announced cryptocurrency spot ETFs which will be expected to start trading on the Hong Kong Stock Exchange from 30 April 2024 onwards. This follows the announcement by HGI that they have received authorization from Hong Kong’s Securities and Futures Commission to launch the highly anticipated cryptocurrency ETFs.

The core of the partnership revolves around MetaComp and its affiliates’ commitment to make HGI’s cryptocurrency spot ETFs available, through MetaComp’s proprietary Client Assets Management Platform, also known as CAMP by MetaComp, utilizing its technological and market expertise to introduce these products under the appropriate regulatory framework to Singapore investors and beyond. This initiative not only aims to expand the global footprint of HGI’s ETFs but also allows MetaComp and its affiliate to enrich its wealth solution portfolio with highly sought-after financial products.

In addition to the crypto-ETF distribution, the collaboration will also explore opportunities for the integration of HGI’s various asset management solutions into MetaComp’s service offerings. MetaComp will also provide HGI access to its Digital Payment Token suite of services. Through the strategic collaborative efforts by both companies, they are hoping to forge a symbiotic relationship that will allow both companies to leverage on their strengths.

The alignment with HGI allows MetaComp to tap into the scale and expertise of a leading global financial player, significantly enhancing its service capabilities and market reach. This partnership is designed to serve not just the existing clientele of both entities but also to capture new segments eager for advanced financial solutions across traditional finance and crypto finance.

Dr Bo Bai, Chairman and Co-Founder of MetaComp shared: “This strategic alliance with Harvest Global Investments Limited reaffirms MetaComp’s commitment to being the bridge that links traditional finance with crypto finance. We are confident that our partnership with Harvest Global Investments Limited will prove to be mutually beneficial. With Harvest’s expertise in asset management and MetaComp’s robust capabilities in providing a comprehensive suite of digital payment solutions, we are poised to deliver unparalleled value to our clients and the market.”

For more detailed information on this partnership and to stay updated on future developments, please visit www.mce.sg.

About MetaComp Pte Ltd (www.mce.sg)

MetaComp is a leading Singapore-based digital asset platform that is licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating under a P2B2C (platform-to-business, partners-to-clients) model, MetaComp provides an integrated end-to-end suite of services to its clients, empowering them to confidently enter the digital asset market with the much-needed safety, security, and compliance. Together with its parent company, Metaverse Green Exchange Pte. Ltd. (a MAS-licensed CMS holder permitted to carry out, inter alia, brokerage and custody services), MetaComp introduces its suite of services through CAMP by MetaComp, a regulated Client Assets Management Platform, allowing businesses to develop and scale their digital asset offerings through OTC and exchange trading services, fiat payment, digital asset custody and prime brokerage.