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LBank Exchange Listed MaticVerse (Mverse)
Internet City, Dubai–(Newsfile Corp. – December 17, 2021) – LBank Exchange, a global digital asset trading platform, listed MaticVerse (Mverse) token on December 10, 2021. For all users of LBank Exchange, the Mverse/USDT trading pair was officially available for trading at 22:00 (UTC+8) on December 10, 2021.
As the gateway to the Baby Vengers multiverse, MaticVerse rebranded itself by integrating with NFT and gaming space, to add utility to its Mverse token, which was listed on LBank Exchange at 22:00 (UTC+8) on December 10, 2021, to further expand its global reach and help it achieve its vision.
Figure 1: LBank Exchange Listed MaticVerse (Mverse)
Introducing MaticVerse
MaticVerse is a superhero-inspired digital NFT Universe where players use their amazing superhero themed NFTs in various games. The MaticVerse Universe highlights the benefits of blockchain technology through Play 2 Earn gameplay and the path towards financial freedom through passive income.
As the gateway to the Baby Vengers multiverse, MaticVerse currently features an NFT marketplace and a Player VS Environment battle card game called Baby Vengers. The game includes 18 unique superhero characters, players can level up by defeating villains, earn Mverse rewards as they progress, while indulging in the immersive gameplay it offers. MaticVerse will also introduce a Player VS Player combat mode and a free roaming RPG game in the future.
In addition, by holding its Mverse token, users also get automatic airdrops every 60 minutes of MATIC token straight to their wallet, as the project has already established a relationship with Polygon Matic, becoming the only reward token that has established a relationship with its “parent” token.
By relaunching on a new contract, MaticVerse delivers on aspects that the team and community both wanted: A bridge can be enabled between BSC and Polygon as there will be tokens on both sides, and its much-anticipated NFTs and game will have the perfect amount of supply for its rewards pool to fulfil MaticVerse gaming rewards.
About Mverse Token
The total supply of Mverse token is 200 billion (i.e. 200,000,000,000) on both Polygon and BSC. On Polygon, 20% of the total supply is for V1 holders, 12.5% is provided for liquidity, another 12.5% is provided for bridge, 2.5% is for the team (vested), another 2.5% is for advisor (vested), 12.5% is for private sale (vested), 2.5% is for marketing (vested), and the rest 35% goes into game wallet. On BSC, 27.5% of the total supply is for V1 holders, 12.5% is provided for liquidity, another 12.5% is provided for bridge, 2.5% is for the team (vested), another 2.5% is for advisor (vested), 5% is for private sale, 2.5% is for marketing (vested), and the rest 35% goes into game wallet.
A dynamic taxation model is built in Mverse. It taxes 5% on each buy, 3% of it is provided for marketing, 1% is provided for MATIC rewards, and the rest 1% goes to LP. As for each sell, it taxes a total of 12%, 8% of it is provided for marketing, 2% is provided for MATIC rewards, and the rest 2% goes to LP.
The Mverse token was listed on LBank Exchange at 22:00 (UTC+8) on December 10, 2021, investors who are interested in MaticVerse investment can easily buy and sell its token on LBank Exchange by then. The listing of Mverse on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about Mverse Token:
Official Website: https://maticverse.io/
Telegram: https://t.me/MaticVerse
Twitter: https://twitter.com/maticverse
Facebook: https://www.facebook.com/maticverse/
Listing Announcement on LBank Exchange: https://support.lbank.site/hc/en-gb/articles/4411463677337-Mverse-MaticVerse-will-be-listed-on-LBank
Trading link: https://www.lbank.info/exchange/mverse/usdt/#alts
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
Visit us on social media:
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107850
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Lesaka Technologies, a fintech company based in South Africa, has entered into a definitive agreement to acquire Adumo, a fellow South Africa-based paytech firm, in a deal valued at approximately $85.9 million.
The agreement is pending shareholder and regulatory approvals and will be settled through a combination of $12.5 million in cash and the issuance of 17,279,803 shares of Lesaka common stock to Adumo’s current shareholders. The funding for the cash component will come from both external financing and internal cash resources.
Adumo’s principal shareholders include Apis Growth Fund I, a private equity fund managed by UK-based VC Apis Partners, and African Rainbow Capital (ARC), a South African investment firm. Founded in 2009 and headquartered in Bryanston, South Africa, Adumo is recognized as the largest provider of point-of-sale (POS) and Software-as-a-Service (SaaS) solutions in the country’s hospitality sector. Specializing in integrated payments, reconciliation services, and card acquiring, Adumo serves around 23,000 merchants and supports over 245,000 cardholders through its corporate card offering.
Lesaka, a provider of B2B and B2C financial services to South African consumers and businesses, believes that the acquisition will strengthen its position as a leading consolidator in the Southern African fintech market and enhance its capabilities in both consumer and merchant sectors. Following the acquisition, Lesaka expects its solutions ecosystem to serve more than 119,000 merchants and 1.7 million consumers, processing over $13 billion in throughput annually. Furthermore, the company plans to expand its operations to include Kenya, Botswana, Namibia, and Zambia, in addition to its primary market of South Africa, with a combined workforce of over 3,300 employees.
The deal is projected to be finalized in the third quarter of 2024, according to Lesaka.
Source: fintechfutures.com
The post South African fintech Lesaka snaps up Adumo in $86m deal appeared first on HIPTHER Alerts.
Panax, a pioneering FinTech firm, has recently announced the successful completion of a $15 million funding round, with Team8 and TLV Partners leading the investment charge.
Founded by Noam Mills (CEO), Sefi Itzkovich (CTO), and Niv Yaar (CBO), Panax specializes in offering an AI-driven cash flow management platform tailored to cater to the needs of mid-market and large enterprises grappling with intricate treasury management requirements. The platform consolidates data directly from banks and ERP systems, providing users with real-time access to crucial cash positions and insights.
As finance teams face mounting challenges in managing multiple bank accounts, disparate fintech solutions, diverse locations, currencies, and entities, Panax’s platform emerges as a comprehensive solution. Customers have reported notable savings on interest payments and increased cash investments in interest-bearing accounts, owing to the automation capabilities of Panax’s platform, which streamlines processes and allows teams to redirect their focus towards strategic activities.
Mackenzie Moore, VP of Finance at Oddity, a publicly traded company in the U.S., lauded the platform’s effectiveness: “The automated data collection and analysis, along with proactive alerts, have helped us automate our cash policies. This not only saves us money but also frees up many hours of manual work that we can now allocate to more strategic pursuits.”
Panax aims to bridge the gap in the market by providing simpler and more accessible solutions tailored for lean finance teams. Leveraging Open Banking and GenAI technologies, the company streamlines and automates financial processes, thereby enhancing operational efficiency.
Recognizing financial forecasting as the top use case for AI in corporate finance, Gartner acknowledges Panax’s utilization of AI to bolster various capabilities, including transaction categorization, proactive reporting, and trend analysis.
The $15 million funding infusion is poised to accelerate Panax’s growth trajectory significantly. It will facilitate the scaling of sales and support teams, the establishment of a New York City office to strengthen the company’s U.S. presence, and an increase in product development resources to cater to the burgeoning market demand for its advanced treasury management solutions.
CEO Noam Mills underscored the company’s mission, stating, “In our previous roles, we witnessed firsthand the challenges faced by finance teams in companies with complex treasury operations. That’s why we founded Panax.”
Panax’s notable achievement of doubling its customer base in the first quarter of 2024 attests to its rapid traction in the market, positioning it as a prominent player in reshaping cash flow management and treasury solutions.
Source: fintech.global
The post AI-powered Panax raises $15m to reshape cash flow management appeared first on HIPTHER Alerts.
“Pedram Tadayon Takes Helm as CEO of Mitigram”
Mitigram, the Swedish digital trade financing platform, has announced the appointment of Pedram Tadayon as its new CEO.
Tadayon’s mandate includes the expansion of Mitigram’s partner network to accelerate digital transformation within the trade finance industry, alongside overseeing product delivery. With over 25 years of experience in financial services and technology, Tadayon’s background includes co-founding Visualizy, a paytech based in Sweden, and holding leadership roles at organizations such as Liberis, Nets, Tieto, and American Express.
Established in 2014, Mitigram provides real-time insights into capacities, risks, and pricing across more than 100 markets, serving the trade finance sector.
Kaj Hed, chairman of Mitigram’s board, expressed confidence in Tadayon’s leadership skills, customer-centric approach, and deep understanding of the trade finance industry, emphasizing their value to Mitigram.
Tadayon’s appointment coincides with a series of C-suite additions at Mitigram, including Joshua Kroeker, who joined as chief product officer from Contour, and former Swift head Ted Scheiman, who now serves as Mitigram’s chief strategy officer.
Furthermore, Mitigram disclosed last June that it had successfully raised $11 million in its latest funding round, bringing its total funds raised to date to $38 million.
Source: fintechfutures.com
The post Sweden’s Mitigram names Pedram Tadayon as new CEO appeared first on HIPTHER Alerts.
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