Malta Regulator Issues Virtual Assets 10082

The Malta Financial Services Authority (MFSA) has now published a Virtual Financial Assets (VFA) Rulebook specifically pertaining to the regulation of Issuers of VFAs under the Virtual Financial Assets Act (VFAA). However, it seems that the publication of this rulebook has not got down very well with financial services providers who spoke to CCN. Some have lamented that it is onerous and over-cautious in several aspects and makes business slightly more complicated where cryptocurrencies and blockchain are concerned.

Joseph Borg, Partner at WH Partners said that although the publication of the rulebook was a positive step, this needs to be polished to be actually effective.

“I strongly suggest to stakeholders to participate in this consultation in order to help the MFSA come up with a well-balanced regulatory framework that is robust and attractive at the same time. It is clear that some things published in the rule book need to be polished and, in some cases, toned down. However, if sensible responses with workable solutions to the consultation paper are received, I am sure that our regulators will take them on board and fine-tune the framework accordingly”, Borg said.

“The two consultation papers relative to the first two chapters of the ‘Virtual Financial Assets Rulebook’ provide a well-defined framework for what will constitute the eventual two chapters of the Rulebook,” he stated. “There are some issues which merit further discussion with the regulator, and in fact, as interested parties in this space, we have already provided our feedback for relative amendments and clarifications within the time frame of the conclusion of the first consultation period relative to the first chapter. We are currently reviewing the second consultation paper relative to the second chapter, issued just two days ago and we will provide with our feedback to the regulator in due course.”

Other stakeholders who spoke on condition of anonymity said that the rulebook needed to be drastically revised to be effective as in it’s current state, it was a ‘no go’.

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CAGA Crypto Keeps Doors Open to Three Ongoing Airdrop Campaigns with Generous Rewards 3244

CAGA Crypto, a growing project in decentralized finance, is thrilled to announce the successful start of three prominent airdrop campaigns that were launched on February 7, 2024. These campaigns offer participants the opportunity to engage with the CAGA network, earn rewards, and influence the future of the blockchain technologies.

The three ongoing campaigns include the CAGA Staking, CAGA BUY & HODL, and the CAGA Social Bonanza. Each of these is designed to provoke active participation and reward community engagement. Eager participants should register, submit transaction details, and adhere to campaign rules to qualify for rewards.

CAGA Staking Campaign

Running from February 7 until the Mainnet launch, this campaign encourages participants to become Staking Pioneers on the CAGA Network. By staking CAGA tokens, participants secure their spot in a massive 100,000,000 CAGA Prize Pool.

CAGA BUY & HODL Campaign

From February 7 to April 30, participants can join the BUY & HODL Campaign to earn points and a share of the 50,000,000 CAGA Prize Pool. By purchasing and holding CAGA tokens, participants accumulate points, with higher point tiers offering increased rewards.

CAGA Social Bonanza

Running from February 7 to February 29, the CAGA Social Bonanza offers a staggering 100,000,000 CAGA Prize Pool. Participants can earn points through social activities and completing daily tasks. Top participants stand a chance to win exclusive bonuses, with a lucky lottery winner receiving 500,000 CAGA tokens.

Rino, Founder of CAGA Crypto, once commented on the concept of the project: “With CAGA, you’re not just a passive investor, but an active participant in a growing ecosystem. We’d like to empower every stakeholder. Every proposal, every vote, and every discussion is a step towards a more transparent and equitable financial future. CAGA is also built on the foundation of the Ethereum blockchain, ensuring security, transparency, and trust. This aspect alongside of our staking platform allows users to earn with CAGA while they build the future of the DAO. This gives the rights to the community to share a voice, as each person regardless of background, has the power to lead with their vote.”

About CAGA Crypto

CAGA, the Crypto Asset Governance Alliance, is a decentralized autonomous organization (DAO) focused on governance and innovation in the crypto space. The platform enables token holders to actively participate in decision-making through staking. With a commitment to anonymous decision-making, CAGA empowers the community to choose its own path. Imagine a world where every voice matters, and communities unite for common goals. Everyone is welcome to the frontier of decentralized innovation, where possibilities are limitless, and power belongs to the people.

For more information and to participate in the ongoing or future airdrop campaigns, visit the official CAGA website and follow them on the specified channels:

Telegram: https://t.me/cagacrypto
Telegram Community: https://t.me/cagacryptogroup
Discord: https://discord.gg/hsNNAXuENr
Twitter: Tweets by _cagacrypto

Megapix Unveils AI Photo TG Generator and Presents Solana-Based Token 3539

The Megapix team has just unveiled a new feature for their project: the AI Photo TG Generator. This innovative tool intends to change how people create and share art within the Web3 community. With ambitious growth plans, Megapix aims to expand beyond Solana. The goal is to support multiple blockchains to enhance accessibility and engagement in the decentralized space.

Presenting the AI Photo TG Generator to the Web3 Community

Megapix introduces the AI Photo TG Generator, transforming the Web3 community through art. This engine crafts digital visuals with ease. Users simply input their vision.

The Generator then creates art instantly. It’s user-friendly and sparks everyone’s imagination. With just a few clicks, the Megapix Bot generates vibrant visuals. It works effortlessly within a chat environment. Users find their sense of creativity ignited. It democratizes the art-making process.

The Bot is a companion, turning a conversation into creation. Each idea blossoms into a unique digital piece. This artistic journey unfolds within one’s chat window. It connects with the growing Web3 space.

The AI Photo TG Generator is not just a tool. It’s a gateway to artistry for all. Its simplicity and efficiency make it stand out. Megapix propels its users into an artistic future today.

All the Project’s Ambitious Plans

Megapix’s roadmap unveils exciting features set to revolutionize the digital art space. The web version, soon to arrive, promises a seamless experience. It allows users to create and share art universally.

An NFT marketplace is also on the horizon. It provides a space for artists to sell their work and for collectors to discover new treasures.

The project will introduce an image enhancement tool next. It will refine and transform user-uploaded images using Megapix’s powerful engine.

Additionally, a collection generator is in the works. It aims to simplify the creation and minting of NFT collections for artists.

Finally, Megapix plans to embrace the MultiChain approach. This expansion will support Solana and various blockchains, making the platform more accessible. These developments seek to enrich the community’s experience and broaden Megapix’s reach.

About Megapix

Megapix is a new project in the Web3 community that aims to revolutionize the digital art space with multiple features. The team has also presented $MPIX, the native token linked to the initiative.

With $MPIX Tokens, users can access distinct levels of creativity and explore advanced AI-driven features to enhance their artistic expression. The platform offers three tiers – Explorer, Creator, and Visionary – each with unique capabilities for different types of users.

Moreover, Megapix has a transparent and secure tokenomics system with 0% tax and an immutable contract. The total supply of $MPIX Tokens equals 1 billion, with marketing, operations, and future CEX listings allocations.

The recent AI Photo TG Generator launch is just the beginning of Megapix’s plans to revolutionize the Web3 art scene.

OORT Announces Major Token Burn, Partnership with Poolz, and Launch of OORT Earn 5154

In a groundbreaking move that sets a new precedent in the blockchain sector, the OORT Foundation today unveiled a trio of strategic initiatives designed to significantly enhance its ecosystem and deliver increased value to its stakeholders. These initiatives include a major burn of over 1 million OORT tokens, establishing a key partnership with decentralized finance pioneer Poolz, and the rollout of OORT EARN, a novel platform that enables users to stake their tokens not just to receive APY and airdrops, but additionally users wil will receive early access to OORT ecosystem products, the opportunity to claim OORT Merch, engage with the project, as well as other benefits for the community. This includes Stake-For-Storage (SFS) which will launch shortly after the platform goes live.

Token Burn to Bolster Market Confidence:

In a decisive action to reinforce market confidence and augment the intrinsic value of its tokens, the OORT Foundation will execute a burn of over 1,000,000 OORT tokens. This move is part of a broader strategy to purchase up to 30% of the last quarter’s revenues in OORT Tokens, underlining the foundation’s commitment to its meticulously designed tokenomics and long-term value enhancement.

OORT EARN:

Revolutionizing Token Staking and Airdrops: OORT EARN introduces a dynamic staking model offering APYs of 5%, 10%, 15%, and 20% for staking periods of daily, 3, 6, or 12 months, respectively. This platform also enables users to register their staked tokens to receive a proportional amount of Airdrop Rewards from various ecosystem partners, further enriching the OORT ecosystem and stakeholder value.

Strategic Partnership with Poolz:

Marking a significant milestone, Poolz becomes the first grant recipient under OORT Foundation, catalyzing the development of a project on the Olympus Protocol, OORT’s Layer 1 blockchain. This collaboration is poised to streamline Initial DEX Offerings (IDO) and claims over the OORT, simplifying user participation in token offerings and DeFi projects.

  • Seamless Integration: Poolz Finance will be seamlessly integrated with OORT, allowing for Initial DEX Offerings (IDO) and easy claiming via OORT. This integration will offer a streamlined experience for users seeking to participate in token offerings and engage with DeFi projects.
  • Co-Grants for Projects: Projects that choose to build on OORT will have the opportunity to apply for co-grants from both Poolz Finance and OORT. This support aims to foster innovation and accelerate the development of groundbreaking projects.
  • Investment by Poolz Ventures: Poolz Ventures, an arm of Poolz Finance, will actively invest in early-stage projects that choose to build on OORT. This strategic investment will provide a boost to promising projects and help them thrive in the DeFi ecosystem.
  • Cross-Chain Compatibility: Poolz’s agnostic chain feature and OORT decentralized cloud platform opens doors to cross-chain compatibility, potentially broadening opportunities for users to interact with diverse blockchain ecosystems.
  • Marketing Synergy: To amplify our reach and impact, Poolz Finance and OORT will engage in joint marketing efforts. Expect to see comprehensive marketing campaigns and educational content that empower users and foster community growth within the crypto and DeFi communities.

About OORT:

OORT is a decentralized cloud for privacy and cost savings. By integrating global compute and storage resources, we provide AI solutions to enhance business operations.

Ondo Finance Brings Real-World Assets and Yield-Bearing Stablecoin-Alternative, USDY, to Sui 5594

Ondo’s Sui upcoming integration will bring native access to new tokenized assets such as treasuries, securities, and stablecoins on chain

Sui, the Layer 1 blockchain which has experienced explosive growth since its inception eight months ago, today announced that Ondo Finance is expanding into the Sui ecosystem. The expansion will bring Sui Network’s first native dollar-denominated token (including stablecoins and interest-bearing stablecoin substitutes) in the form of Ondo USD Yield or “USDY” — a US treasury-backed and interest-bearing token issued by Ondo.

Ondo’s expansion to Sui adds to Sui’s blistering DeFi momentum, demonstrating the growth and demand for financial applications and native functionality on chain. Sui’s DeFi volume is up more than 1200% since October and Sui recently broke into the top 10 DeFi ecosystems as measured by TVL.

Ondo Finance is the third-largest platform bringing tokenized derivatives of real-world assets onto public blockchains with $185M in TVL and over $1B worth of its newly-launched governance token trading in its first week in late January. In addition to stablecoins, Ondo’s flagship Treasury-backed tokens, tokenized securities, and real-world assets will create countless new opportunities for teams building on Sui.

Ondo’s expansion into the Sui ecosystem also continues a trend of top projects affirmatively choosing to integrate into Sui. For example, in December 2023, leading Solana lending protocol Solend announced it would launch a lending protocol native to Sui and decentralized derivatives exchange Bluefin likewise shuttered its V1 Arbitrum implementation to focus entirely on Sui.

“The people who interact with our platform want fast and efficient transactions, which should be essential for any blockchain project,” said Ondo’s founder and chief executive officer, Nathan Allman. “Sui’s growth and network performance offer clear confirmation that its network is the perfect fit for Ondo’s ecosystem.”

Tokenized treasury offerings represent tradable tokens backed by real-world assets, and their presence on Sui is a significant step toward growing DeFi in the ecosystem and across the industry.

“Ondo is an amazing addition to the Sui ecosystem, providing a native yield-bearing stablecoin-like asset that will unlock new opportunities for Sui’s builders and developers and essential new functionality for the users of their applications,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s DeFi volume is already growing at a remarkable rate and Ondo’s participation will make that trajectory even stronger. I am excited to see how Sui’s community leverages the real-world assets and innovative financial products Ondo offers.”

Curtain Fell: Ideal Cooperation Blockchain (ICB) Presents Advanced Blockchain Network at ICO Level 6010

ICB Crypto Services eagerly announces the initiation of Ideal Cooperation Blockchain (ICB), a prominent venture introduced by ICB Labs. After its recent inception a few years ago, ICB Labs is going to organize an official launch of the blockchain network at the ICO level in Q1 2024, setting new standards within the blockchain industry.

Ideal Cooperation Blockchain network, also known as ICBX, is a promising project focusing on smart contracts and intermediary-free transactions. Addressing the reported troubles and issues found in other blockchains, the ICB blockchain’s foundational layer introduces significant changes, enhancing efficiency and rapid responsiveness.

Brief Description

The PoS Consensus Algorithm in ICBX offers an innovative method for verification and block formation, implementing advanced technologies to increase network performance and trust. CertiK, a leading security-focused ranking platform, has officially approved the ICB project, affirming the measures and precautions taken.

ICB Network’s blockchain bonding mechanism allows participants to lock their tokens as collateral, showcasing commitment and enthusiasm towards supporting decentralized applications within the network.

The democratic governance model within ICB empowers token holders to participate in network decision-making, boosting transparency and active engagement.

Efficient Technical Solutions

ICB Network’s compatibility with the Ethereum Virtual Machine (EVM) empowers developers to create smart contracts securely and efficiently. Adherence to standards like ERC-20, ERC-721, and ERC-1155 ensures accurate smart contract definition and interaction with other EVM applications.

ICB Scan, an explorer within the ICB network, enhances transparency with open-source features, precise transaction tracking, and contract details checking. The ICBX project’s testnet phase and DAO implementation contribute to sustainable and secure development.

About ICB

Established in October 2020, ICB Labs marks the company’s breakthrough into the blockchain industry. With a mission to provide quick, affordable, and advanced blockchain technology, ICB is going to enrich the industry and restore trust through crypto’s potential.

ICB’s ecosystem, ICB NETWORK BIT, is part of a wider interconnected system, aiming to deliver the best possible experience. The ICB token serves as a versatile digital currency, facilitating transactions, network governance, and incentivizing active participation.

Ideal Cooperation Blockchain (ICB) possesses winning features, modern technologies, and commitment to efficiency and security. The launch at the ICO stage will definitely contribute to blockchain development, promising transparency, accessibility, and trust within the ICB ecosystem.

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For more information, visit the official website at https://www.icb.network/ or check the latest news via the channels specified below:

Twitter: https://twitter.com/icbxnetwork
Telegram: https://t.me/icbnetwork_official
Medium: https://readicbnetwork.medium.com/
Linktree: https://linktr.ee/icbnetwork

High-potential platform: ICB Crypto Services declares official launch of ideal cooperation blockchain at ICO level 6652

ICB Crypto Services introduces its brand-new venture, the Ideal Cooperation Blockchain (ICB) network. The official launch of the network at the ICO level is scheduled for early 2024. This promising project is entering the blockchain industry with avant-garde technologies and adherence to the EVM standard.

The ICB network, also known as ICBX, was designed by ICB Labs. Established in October 2020, ICB Labs is an innovative branch of ICB Crypto Services.

The primary goal of their initiative is to enhance blockchain smart contracts and maintain fruitful partnerships with other networks.

The key aspect of the project lies in the foundational layer of the ICB blockchain, designed to tackle challenges observed in prior blockchains, leading to substantial improvements.

Additionally, the ICBX feature streamlines the adjustment of block sizes, ensuring efficient and prompt responsiveness.

The PoS (Proof of Stake) Consensus Algorithm, backed by advanced technologies, increases the level of trust by employing biometric data and KYC to ensure security.

Principal features

ICB network implements Proof of Stake (PoS). It stands out with its exquisite design, cutting-edge features, and dedication to efficiency, security, and scalability. The key points include:

Innovative approach

Integration of advanced technologies and adherence to the Ethereum Virtual Machine (EVM) standard.

Focus on smart contracts

Emphasis on the development of smart contracts and intermediary-free transactions.

Trustworthiness and efficiency

Implementation of PoS Consensus Algorithm to enhance network performance.

Democratic governance

The democratic administration model allows token holders to influence significant network decisions, ensuring transparency and direct engagement.

Token power

The ICB, a versatile digital currency, facilitates transactions, governance, and incentivizes participation across various sectors of the blockchain industry.

Proven security

CertiK, a leading security-focused ranking platform, has officially endorsed ICB, affirming the robust security measures implemented in the project. The ICB network’s blockchain bonding mechanism empowers participants to lock tokens as collateral, fostering trust and incentivizing active participation.

“The platform effortlessly bridges the gap between intricate blockchain technologies and user accessibility. I’ve found the insights provided to be invaluable, offering a unique blend of depth and clarity that’s hard to come by elsewhere.” Chris DeFuria, Chief Executive Officer.

About ICB

Established in October 2020, ICB Labs is the first step for ICB Crypto Services into the blockchain industry. The goal is to address challenges in the blockchain and cryptocurrency space using modern technologies, providing quick, affordable, and advanced solutions.

The launch of the ICB network marks a significant milestone in the industry, combining innovation, security, and transparency. With its remarkable features, trustworthiness, and democratic governance, ICB is determined to influence various blockchain sectors, greeting a new era of digital excellence.

For more information, visit the official website at https://www.icb.network/