Fintech PR

MoneyTree Announces the Launch of Its NFT Store on Lootex

Published

3 years ago

October 28, 2021

Reading Time: 4 minutes

London, England–(Newsfile Corp. – October 28, 2021) – MoneyTree, a truly deflationary and fully decentralized gaming token, announced the launch of its NFT store on Lootex. The partnership between the two would allow users to trade all the 1 million MoneyTree NFTs on Lootex. Over 400 NFTs have already been purchased or won in loot boxes. The $MONEY token passively rewards investors with dividends and royalties from sales of the 1 million unique NFTs that Money Tree has generated. The Money Tree token also enters investors into an automatic weekly lottery, at no cost, that pays in BUSD. Users can enter the lottery by simply holding the native token $MONEY and they stand a chance to also win NFTs, the more tokens held, the higher the odds of winning.

The project was launched on 16th October and the first weekly lottery ran on October 22nd and paid over $43k to one holder. MoneyTree has a market cap of $1.2M and approximately 1300 holders.

The NFT frenzy is now upon us as the ecosystem grows into a multi-billion dollar industry. After seeing early collaboration from brands and celebrities, NFTs have now become a favorite in the gaming arena. Where multiple play-to-earn projects hit the market over the last quarter. The latest craze combines the best of the gaming industry with the crypto world. Players earn valuable NFTs and in-game tokens which can be traded on real-world exchanges against other popular cryptocurrency. MoneyTree aims to take the P2E industry to the next level with its mini games and a million NFTs collection.

Money Tree has taken a fully decentralized approach, all the processes happen entirely on-chain with no external inputs or APIs. The project works on top of Binance Smart Chain that makes way for innovation and significantly more resources for developers. The benefit in a decentralized-first mindset is that players & investors can rest assured that no inputs have been tampered with and this allows players to operate in a trustless manner – in line with the overarching philosophy of blockchain.

MoneyTree Brings the Best of NFT Collectibles and Blockchain Gaming

MoneyTree would launch 3 exciting mini games that can be played for a chance to win more tokens and Loot boxes. These mini games are designed to be statistically fair, meaning that there is no unwarranted advantage to the owners and all players have an equal chance at winning. The mini games incorporates Chainlink’s Verifiable Random Function (VRF) to provide an unbiased and transparent result to all players, which cannot be interfered with by both internal and external sources. The three mini games that would be available at launch include,

Numberdome: A mini game where players have to choose 3 numbers between 1 and 5 and try to match them to the numbers generated by Chainlink’s VRF system. It costs a flat fee of MoneyTree tokens to enter and is subject to the valuation of the token.
Gridlock: Gridlock is a chance-based game with statistically fair odds of winning. The player chooses their positions on the grid, an unlimited number of tokens can be placed on the grid, in different rows or between grid numbers. Chainlink VRF will be called to determine the winning number. The result will be the same for all players. All bets are burned, winners have tokens minted. This game affects the total supply of the token, but due to the statistically fair nature of the game, the effect will average at 0 with small fluctuations.
Versus Mode: VS mode takes current affairs and sporting events and lets one guess the winner or outcome of the event. The player picks their side which they think will win. Their tokens go into the pot. The winning team takes the loser’s pot. The rewards are proportionately distributed according to the individual stake. The game will not be playable around an hour before the event is due to start. Stay vigilant on Telegram, Twitter, and the website for announcements on when this game is due to run, so there is enough time to participate.

Apart from the mini games, the MoneyTree also boasts of one million NFTs hosted on IPFS and pinned with Pinata. There are 5 rarities, 2 NFTs can be burned and combined into one random NFT of a higher rarity. These NFTs can be purchased via built-in marketplace or through purchasing a random loot box, 90% of the $MONEY from NFT purchases are sent to a dividends wallet and the remaining 10% is burned.

MoneyTree Economy and Token System

MoneyTree had no pre-sale to ensure it suits well in line with the principles of decentralization and 90% of the total token supply is put up for liquidity on PancakeSwap, the remaining 10% is assigned to the team. 50% of LP tokens were burned and the other 50% is locked for one month and planned to be eventually used for future exchange listings.

The transaction tax charged is imperative to the overall structure of MoneyTree and is used for several features. In order to run a successful gaming economy, every transaction incurs a 5% tax out of which 2% goes into LP, 2% goes into the lottery as BNB, and 1% goes to marketing as BNB. Unlike other LP tokens, MoneyTree’s automatic LP is owned by the 0x00. Address, not the contract owner. The project utilizes a proxy contract and has plans to implement many more fully on-chain mini-games to further expand on the platform and increase the utility of both the token and the NFTs.

To learn more about MoneyTree visit Moneytreecoin.io.

Social Links :

Twitter : https://twitter.com/moneytreecoin
Telegram : https://t.me/moneytreecoin
Docs : https://en-guide.moneytreecoin.io/

Media Contact :

Contact Person : Money Tree Admin
Company Name : Money Tree
Email : [email protected]
Website : https://moneytreecoin.io/

Source : Money Tree

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101141

Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

2 hours ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.

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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html

Fintech PR

China Telecom Gulf Officially Launches in Saudi Arabia for Business

Published

3 hours ago

November 23, 2024

CISION (PR Newswire)

china-telecom-gulf-officially-launches-in-saudi-arabia-for-business

HONG KONG, Nov. 23, 2024 /PRNewswire/ — On November 21, China Telecom Gulf was officially launched in Riyadh. This milestone marks a significant step in China Telecom’s efforts to provide deep services under the “Belt and Road Initiative” and to promote the building of a “China-Arab Community with a Shared Future.” It signifies another solid advancement on China Telecom’s path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company (STC), Bank of China, Huawei, and others attended to witness this momentous occasion.

In his address, Mr. Liu Guiqing emphasized China Telecom’s commitment to openness, cooperation, and mutual benefit. He expressed the company’s willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers.

Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia’s socio-economic development and practical cooperation between China and Saudi Arabia in various fields.

China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa. Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe.

During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers.

The establishment of China Telecom’s presence in Saudi Arabia marks a major milestone in the company’s entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom’s robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East’s digital economy, while striving to become a world-class provider of digital and intelligent technology services.

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View original content:https://www.prnewswire.co.uk/news-releases/china-telecom-gulf-officially-launches-in-saudi-arabia-for-business-302314765.html

Fintech PR

Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore

Published

18 hours ago

November 23, 2024

CISION (PR Newswire)

redefining-financial-frontiers:-nucleus-software-celebrates-30-years-with-synapse-2024-in-singapore

SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving India–Singapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.

Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.

Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”

The event brought together a distinguished array of participants, highlighting the transformative potential of India–Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.

Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.

The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.

For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.

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