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Safe Haven Gets Listed on PancakeSwap with 8% Reward Distribution to Holders
Italy, Rome–(Newsfile Corp. – December 7, 2021) – Safe Haven team is pleased to inform the community regarding its listing on PancakeSwap. SafeHaven Defi is a revolutionary ecosystem of Defi products designed to empower its users with an ever-expanding suite of useful cryptocurrency products and services.
The native token of the ecosystem $Haven is available on PancakeSwap. $Haven’s main feature is providing revenue to holders by redistributing 8% Ethereum rewards from trading activity.
$Haven is the first token launched within the SafeHaven Defi Ecosystem on the binance smart chain with three utilities in addition to daily rewards. $Haven is designed as a store of value and a frictionless revenue generating asset that rewards its holders with daily Eth-Bep-20 dividends, distributed automatically to holders’ wallets and claimable through the SafeDapp.
$Haven’s utilities and its wider ecosystem differentiate it as not just a reward mechanism but an asset with many use-cases.
Figure 1: Safe Haven Gets Listed on PancakeSwap with 8% Reward Distribution to Holders
Features
$Haven Token has the following innovative features:
- Rewards in Binance-Pegged-ETH (Bep-20)
- Professionally Managed Marketing and Communication Strategy
- Anti-Bot Mechanism
- KYC’d Team
- Audited Contract
- Limited Supply
- Buyback & Burn Function
Tokenomics
On all buys, sells, and transfers, a 16% transaction fee is applicable. From this tax, 8% is redistributed automatically to the holders as rewards, 5% goes to the marketing & project development wallet, 2% goes to the buyback and burn wallet, and 1% goes to the liquidity pool for price stability.
Audit
Haven contract is audited and passed successfully by solidproof.io. Moreover, the team members have completed KYC with the same organisation to validify the platform’s trustworthiness.
https://twitter.com/SolidProof_io/status/1455647890483908615
Figure 2: Safe Haven Gets Listed on PancakeSwap with 8% Reward Distribution to Holders
Listing
Haven Token is launched on PancakeSwap and listed on CoinGecko, CoinMarketCap and other listing platforms. In addition, it is available for purchase on PancakeSwap, PooCoin, BogFinance, DexTool etc., with BNB.
Utilities
Haven Token has the following utilities.
- Safestake: Staking and farming
- Safepad: Launching of IDO projects
- Safezone: Token listing
Safestake: Staking and yield farming
SafeHaven will introduce staking and yield farming of the native token $Haven and other coins within the platform. SafeHaven wishes to provide Haven holders access to the most useful decentralised financial services to maximise their incoming generating potential from the SafeHaven ecosystem. The development of this utility is in an advanced stage and will be released in late December or early Q1-2022.
Safepad: Launching of IDO projects
Safepad offers a safe and innovative cryptocurrency launch platform for IDO-stage projects via the SafeHaven Launchpad. AMMs or staking a single asset on the SafeStake Dapp can generate revenue for holders by purchasing IDOs tokens at discounted rates before the public launch. All projects will be vetted, audited, and team members will pass through a KYC process. Next year, SafeHaven plans to launch a revolutionary platform utilising Oracle smart contracts for trustless cryptocurrency transactions.
Safezone: Token listing
This cryptocurrency listing utility will provide valuable metrics to users ranging from token information, KYC and audited status, slippage, ratings, trust level etc. This will allow prospective buyers to check detailed token information before purchasing.
Limited Supply
The current circulating supply is 3,256,533, and the remaining tokens have been burnt and removed from circulation. In addition, the continuous buyback and burn function usage further reduce the already limited circulating supply. Each time the buyback & burn function is used, the tokens bought are burnt, thereby reducing the circulating supply.
About SafeHaven
SafeHaven is a community-driven project that offers automatic Ethereum rewards through its core token $Haven and a variety of useful De-Fi products within its ecosystem to support the platform’s growth.
Media Links
PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0x9caE753B661142aE766374CEFA5dC800d80446aC
CoinGecko: https://coinmarketcap.com/currencies/haven-token/
CoinMarketCap: https://www.coingecko.com/en/coins/haven-token
Twitter: https://twitter.com/SafehavenDeFi
Telegram: https://t.me/SafeHavendefi
Reddit: https://www.reddit.com/r/SafeHavenDefi/
KYC: http://github.com/solidproof/kyc-certificates/blob/main/KYC_Certificate_SafeHaven.png/
Audit: https://twitter.com/SolidProof_io/status/1455647890483908615
Company: SafeHaven
E-mail: [email protected]
Website: https://www.safehavendefi.com
Disclaimer: Information or any fact found on above content is those of writers and company quoted. It does not represent the opinions of this site on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106920
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Basel Committee highlights rising risks from finance digitalisation in new report
The post Basel Committee highlights rising risks from finance digitalisation in new report appeared first on HIPTHER Alerts.
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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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FinTech IPO Index Edges Up 1.7% as Katapult Earnings Lead Platforms Higher
This week was dominated by earnings reports from fintech firms specializing in connecting supply and demand, such as those in lending and modernizing payments between merchants and consumers. Despite ongoing stock volatility, the FinTech IPO Index climbed 1.7%.
FinTech IPO Index Highlights
Katapult saw its stock soar by 18.5% this week. The company reported that Katapult Pay gross originations grew over 150% year-over-year to $55.6 million, with 55.9% of these originations in Q1 2024 coming from repeat customers. Total revenue increased by 18.1% to $65.1 million.
Blend Labs experienced a share increase of just over 15%. Their Q1 2024 earnings revealed total company revenue of $34.9 million, comprising $23.8 million from the Blend Platform segment and $11.1 million from the Title segment. Within the Blend Platform, mortgage suite revenue declined by 15% year-over-year to $15.1 million, while consumer banking suite revenue rose by 29% to $6.7 million. Professional services revenue increased by 21% to $2.1 million.
Paysafe saw a 15.2% rise in its stock. The company’s earnings report indicated an 11% increase in revenue from its Merchant Solutions segment, driven by strong eCommerce performance and SMB client demand. Digital wallet-related revenue increased by 5%, mainly due to growth in the gambling sector. Overall, consolidated revenue rose by 7% to $418 million on a constant currency basis, with total payment volume up 7% to $36.1 billion, and transactions per active user increasing by 14%.
Open Lending shares climbed 7.8% following their partnership with Core Specialty Insurance Holdings, which will now provide credit default insurance policies for Open Lending’s Lenders Protection platform.
Robinhood saw a modest increase of 3.4% over the past week. The company exceeded Q1 profit expectations, driven by strong cryptocurrency trading volumes and a 22% rise in net interest revenue to $254 million. Retail traders, optimistic about economic prospects, have reentered the market, resulting in a 59% increase in transaction-based revenue.
Oportun shares rose by 2.7%. The company’s official Q1 report on May 9 confirmed preliminary results, showing aggregate originations of $338 million, down from $408 million last year. The portfolio yield was 32.5%, an increase of 113 basis points from the previous year, and the annualized net charge-off rate improved to 12% from 12.1% a year ago and 12.3% in the previous quarter.
Declines in the Index
dLocal experienced a significant decline, with shares dropping by 27%. Despite a 49% year-over-year increase in total payment volume to $5.3 billion and a 34% rise in revenue to $184.4 million, gross profit margins were pressured by renegotiated terms with a top merchant and higher payout volumes. Consequently, operating income fell by 32% year-over-year.
Nu Holdings reported the addition of 5.5 million customers in Q1, bringing its global total to 99.3 million by the end of March. The company, now the fourth-largest financial institution in Latin America by customer count, saw monthly average revenue per active customer grow by 30% year-over-year. However, its shares slipped by 0.6%. The NPL ratio for its Brazilian consumer credit portfolio was 5%, consistent with expectations and historical patterns.
Expensify added unlimited virtual cards to its spend management platform. The new Expensify Visa Commercial Card allows businesses to manage expenses across employees and merchants, setting fixed or monthly spending limits for each card. Despite this innovation, the company’s shares fell by 3.4%.
In summary, the fintech sector showcased a range of performances, with several companies delivering strong earnings that boosted the FinTech IPO Index, while others faced challenges that impacted their stock prices.
Source: pymnts.com
The post FinTech IPO Index Edges Up 1.7% as Katapult Earnings Lead Platforms Higher appeared first on HIPTHER Alerts.
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