Fintech PR
RealtyX Announces Live Platform and Multi-Round 10 ETH Raffle to Reward Token Holders
HONG KONG, Feb. 28, 2024 /PRNewswire/ — RealtyX, a pioneering platform in the Real World Assets (RWA) tokenization field, is delighted to announce the Pilot Launch of its live platform. This significant milestone comes on the heels of forming strategic partnerships with a leading RWA-specific L2 blockchain Plume Network, and with Binghatti, a heavyweight in the UAE real estate sector known for its high-end property developments.
These partnerships seamlessly blend the cutting-edge innovation of Web3 with the robustness of traditional real estate, ensuring RealtyX’s frontline position in the tokenization space.
Recent Achievements and Rental Earnings Begin
Building on a successful angel funding round that positioned RealtyX at a remarkable $15 million valuation, the introduction of its live platform marks a pivotal step forward. As of February 15, RealtyX users can participate in the vibrant real estate market of Dubai by holding RST tokens. The first distribution of rental earnings is set to commence biweekly starting March 15 and March 31, offering an anticipated rental yield of around 8%.
10 ETH Raffle Awaits Early Supporters
RealtyX has launched a 10 ETH Raffle event, together with its Pilot Launch. This initiative is crafted as a token of appreciation to the platform’s early adopters, recognizing their support since the beginning.
With a total prize pool of 10 ETH spread across 10 rewarding rounds, the stakes escalate with each 10% sales milestone reached. The climax is a generous 2 ETH grand prize for the final round.
The essence of the Raffle’s winning strategy is simple: the earlier one enters, the greater the chances to win. This is due to the raffle’s unique structure, which allows participants — whether previous winners or not — to join in subsequent rounds as long as they maintain a sufficient balance of RST tokens and a Launch Pass NFT. This mechanism inherently favors those who join early, significantly enhancing their odds of winning.
Currently, RealtyX employs the Base blockchain to distribute its assets, meaning that both RST tokens and the Launch Pass NFT are deployed on Base. Looking ahead, RealtyX plans to broaden its reach by expanding to additional networks, including Plume, to enhance accessibility and engagement across different blockchain environments.
How RealtyX Is Revolutionizing the Traditional Real Estate Market
RealtyX revolutionizes the real estate industry by breaking down entry barriers with an innovative approach. Through real estate tokenization, individuals can enter the dynamic market with just $50, facilitated by the platform’s ERC-20 tokens, RealtyX SPDD Tokens (RST). Holding RST tokens not only enables participants to influence the distribution of rental incomes but also grants them governance rights over the tokenized properties.
Building on its dedication to community-led development, RealtyX has embraced a DAO structure for governance. This approach encourages teamwork and joint decision-making, granting token holders substantial influence over the governance of the underlying assets being tokenized. This model is clear in its goal: to create an RWA ecosystem where ownership and control truly reside within the community.
Looking Ahead
As RealtyX continually evolves, the platform is on the brink of launching a secondary market, set to go live this March. This new development will enable users to freely exchange their RST tokens, providing an additional layer of flexibility and liquidity to the ecosystem. Alongside this, members can eagerly anticipate the upcoming airdrop of the platform’s ecosystem token, RX.
Those who have been deeply involved in the ecosystem will have the privilege to claim RX tokens for free, a testament to their support and engagement.
To streamline this process, a point system will be introduced, meticulously designed to quantify the extent of users’ involvement within the ecosystem. The allocation of RX tokens will be directly proportional to the points accumulated by each participant, ensuring a fair and merit-based distribution that rewards the most active and supportive members of the RealtyX community.
More about RealtyX
RealtyX stands as a trailblazer, harnessing the power of blockchain technology and a decentralized philosophy to lead the charge in real estate tokenization.
At the core of RealtyX’s vision lies its Decentralized Autonomous Organization (DAO), a driving force for empowerment, expanded educational opportunities, and fair wealth distribution. By adopting this community-centric approach, RealtyX goes beyond market disruption; it is forging a path toward a more inclusive and enlightened lifestyle in the Web3 era.
Contact Information:
Email: [email protected]
Website: www.realtyx.co
Twitter: https://twitter.com/RealtyX_DAO
Discord: https://discord.gg/K8Q6BVXTAp
Mirror: https://mirror.xyz/0xc07F708B0FD817328dBB4A2795f4017Ae6935EEf
View original content:https://www.prnewswire.co.uk/news-releases/realtyx-announces-live-platform-and-multi-round-10-eth-raffle-to-reward-token-holders-302073851.html
HONG KONG, Nov. 27, 2024 /PRNewswire/ — Fintica AI Ltd, a leading innovator in next-generation AI solutions for capital markets, and Legend Arb Trading Limited, a Hong Kong-based proprietary trading firm with a global footprint across major financial hubs such as Shanghai, Taiwan, and Singapore, have announced a strategic investment and partnership.
Through this collaboration, Legend Arb has made a strategic investment in Fintica AI, strengthening the partnership between the two companies. This alliance will empower Legend Arb to advance its quantitative trading capabilities by harnessing Fintica AI’s unique unsupervised artificial intelligence technology. The partnership also aims to launch innovative new products and solutions. Simultaneously, Fintica AI will expand its business development efforts and market presence in Hong Kong and the Greater China region.
Kace Lam, Chief Executive Officer of Legend Arb, stated:
“Legend Arb is excited to collaborate with Fintica AI and its world-class AI technology team, known for pioneering advancements in quantitative modeling for financial markets. By combining Fintica AI’s deep academic and R&D expertise with our robust trading experience, we are poised to unlock significant value and drive innovation in quantitative trading strategies.”
Philippe Metoudi, Chief Executive Officer of Fintica AI, remarked:
“This partnership with Legend Arb represents a significant step forward in our mission to revolutionize the financial markets with advanced AI solutions. By joining forces, we can harness our respective strengths, explore the untapped potential of Hong Kong and Greater China’s financial sector, and deliver transformative innovations that shape the future of quantitative investment.”
About Fintica AI Ltd:
Fintica AI is a leading fintech company specializing in advanced AI solutions for capital markets. Its flagship platform, Spectrum MRI, delivers state-of-the-art tools for identifying market regimes across asset classes, including equities, fixed income, and commodities. By offering predictive analytics and robust risk-management capabilities, Fintica AI empowers investment managers, quantitative analysts, and strategic allocation teams with cutting-edge decision support tools. Headquartered in Tel Aviv, the company maintains a strong presence in major global financial hubs, driving innovation and excellence in the financial industry.
About Legend Arb Trading Limited:
Legend Arb is a Hong Kong-based proprietary trading company with a global presence in major financial centers like Shanghai, Taiwan, and Singapore. Specialized in pricing of Chinese-related products, equity index futures, and commodities futures, Legend Arb acts as a committed market maker to provide liquidity for HKEX and SGX.
For further information:
Visit www.fintica-ai.com
email [email protected].
View original content:https://www.prnewswire.co.uk/news-releases/fintica-ai-and-legend-arb-of-hong-kong-announce-strategic-investment-and-partnership-302317533.html
Fintech PR
24 Exchange Receives SEC Approval of its New National Securities Exchange, “24X National Exchange”
24X National Exchange Plans to be the First Exchange to Offer U.S. Equities Trading 23 Hours-Per-Day on Weekdays
STAMFORD, Conn., Nov. 27, 2024 /PRNewswire/ — 24 Exchange announced today that it has received approval from the U.S. Securities and Exchange Commission to operate 24X National Exchange as the first national securities exchange in the U.S. that allows trading of U.S. securities 23 hours each workday. The extended hour trading is subject to Equity Data Plans making changes that would facilitate overnight trading hours and 24X National Exchange making an additional rule filing with the SEC confirming the changes and the Exchange’s ability to comply with the Securities Exchange Act.
24X National Exchange will be subject to the SEC’s ongoing regulatory oversight and full range of investor protections. The new Exchange will enable retail and institutional customers anywhere in the world to trade in U.S. equities via broker-dealers who are approved members of 24X National Exchange.
24X National Exchange will be launched in two stages. A first stage will open in the second half of 2025, with the Exchange operating from 4:00AM ET to 7:00PM ET on weekdays. The second stage, which will launch once the conditions noted above are met, will offer trading in U.S. equities from 8:00PM ET on Sunday through 7:00PM ET on Friday. A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing.
24 Exchange CEO and Founder Dmitri Galinov said: “The SEC’s approval of our new exchange is a thrilling development that the 24X Team has been working toward for many years. Traders are most at-risk when the market is closed in their geographic location. 24X National Exchange will seek to alleviate this problem by facilitating around-the-clock U.S. equities trading for broker-dealers and their institutional and retail customers.”
As the first national securities exchange approved by the SEC to operate 23 hours each weekday, subject to the conditions noted above, 24X National Exchange will initially focus on capturing the expanding demand in the APAC region for overnight liquidity in U.S. equities.
The 24X National Exchange will run on a proven, state-of-the-art technology platform provided by MEMX Technologies. The new Exchange’s executive team will place a high priority on enhancing client experience through continuous technology innovations and improvements.
“With this historic SEC approval in place, we will build and operate a customer-driven Exchange that can rapidly align with market demands and adapt quickly to client feedback,” Galinov added. “We look forward to bringing a superior trading experience to global customers. 24X National Exchange will deliver the cost efficiency, speed, resilience, and adaptability that the company’s financial institutional customers have long come to expect.”
24X National Exchange will close on U.S. market holidays, similar to the schedules maintained by the NYSE and Nasdaq.
24 Exchange through 24X Bermuda Limited, an affiliate of 24X National Exchange, will continue to offer FX NDFs, Swaps and Spot trading to institutional clients. Since its launch in 2019, 24 Exchange’s multi-asset offering through a single trading interface has enabled clients to access increased liquidity at lower cost.
About 24 Exchange
24 Exchange allows market participants to seamlessly exchange their exposures at the lowest possible cost. 24 Exchange’s mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. More information is available at https://24exchange.com/.
Media Contact:
Eric Andrus, KARV
[email protected]
Phone: +1 (212) 333-0275
View original content:https://www.prnewswire.co.uk/news-releases/24-exchange-receives-sec-approval-of-its-new-national-securities-exchange-24x-national-exchange-302317888.html
DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, unveiled a new candidate for a potential Bybit Spot listing via ByVotes, HPOS10I (HarryPotterObamaSonic10Inu). Voting is now open for Bybit users with an opportunity to divide a prize pool of 1,800,000 HPOS10I.
From now to Nov. 29, 8AM UTC, supporters of HPOS10I may cast their votes for the project in two simple steps: deposit eligible assets into their Bybit account to produce a holdings snapshot, and head over to ByVotes to cast their votes. With sufficient votes from the community, the project will be listed on Bybit Spot, and the voters will receive a share of the airdrop from HPOS10I.
The iconic memecoin was the first of its kind to fuse the realm of fantasy and the chaotic lure of crypto, leaving its mark in crypto history since its launch in May 2023. It is known for its vibrant community, the Sproto Gremlins, an NFT collection of 3,333 exclusive unique manifestations of HPOS10I’s egregore.
Bybit has recently revamped ByVotes to raise the bar for listing requirements and yield more power to the community. Users now have more control over the number of votes they get by increasing holdings or by referrals, while unlocking more earning potentials from project listings.
The new mechanism enhanced both project quality and community engagements. A variety of tokens have achieved 100% listing odds via ByVotes, including CHILLGUY, LUCE, and NEIROCTO, among others. Multiple projects featured exclusive airdrops for the community that helped them become listed on Bybit Spot.
ByVotes provides an arena for niche projects where participants stand to be rewarded from various prize pools if the projects they vote for succeed in getting listed status on Bybit Spot: ByVotes Spot.
#Bybit / #TheCryptoArk
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/hpos10i-lands-on-byvotes-to-get-community-backing-for-bybit-listing-302317782.html
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