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LBank Exchange Will List ViCA on December 27, 2021
Internet City, Dubai–(Newsfile Corp. – December 24, 2021) – LBank Exchange, a global digital asset trading platform, will list ViCA token on December 27, 2021. For all users of LBank Exchange, the VICA/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on December 27, 2021.
Figure 1: LBank Exchange Will List ViCA on December 27, 2021
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8378/108497_capture.jpg
Virtual assets have been making attempts in various forms to emulate characteristics of the traditional financial model since its birth. As a shared financial platform based on ERC20, ViCA takes things a step further, proposing to its participants a new form of financial system. The ViCA token will be listed on LBank Exchange at 18:00 (UTC+8) on December 27, 2021, to further expand its global reach and help it achieve its vision.
Introducing ViCA
Launched in June 2021, ViCA is a shared financial platform based on ERC20 that seeks to propose and prove an unprecedented business model by reinterpreting and converging numerous existing innovative business methodologies, development methodologies and the blockchain ecosystem.
The ViCA Foundation operates an automatic dealing in virtual assets using ViBOT, an arbitrage trading solution from NROOTM Korea. The generated revenue from ViBOT burns the issued ViCA tokens (buy-back and burn). It invests 40% of the foundation’s operating revenue to repurchase tokens, contributing to the interests of ViCA holders. The remaining proceeds are redeployed back to the assets of the automated trading system, accelerating profits through compound interest.
ViCA did not distribute any single token in the pre-sale or development process such as ICO and IEO. Therefore, the number of tokens distributed in the market is small, yet even that continues to decrease. Moreover, the foundation’s assets run on automated trading systems increase. The funds set as the foundation’s seed are not reused for any purpose, and transaction details are disclosed in a verifiable way (live streaming service). ViCA has simplified its complex investment system by using the Ethereum ERC20 token ecosystem. This reduced cost becomes the underlying asset of the system again, accelerating the circulation of funds.
About ViCA Token
ViCA aims to pursue a sustainable business model by guaranteeing the interests of token holders, except for the minimum cost of maintaining the system and reinvesting in seed funds for system operations.
ViCA increases the value of itself by not using most of the tokens and proceeding to burn. The issuance volume of ViCA is 2 billion (i.e.2,000,000,000), 90% of it will be burned in stages to realize the profits of its investors, 5% is for reserved holdings, 3.2% is used to provide liquidity to the market, and the rest 1.8% is the initial investor distribution quantity.
The ViCA token will be listed on LBank Exchange at 18:00 (UTC+8) on December 27, 2021. Investors who are interested in ViCA investment can easily buy and sell its token on LBank Exchange by then. The listing of ViCA on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about ViCA Token:
Official Website: https://vica.global/
Telegram: https://t.me/joinchat/SZUUF7kprWoyNzk5
Twitter: https://twitter.com/ViCA_Foundation
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.
Start Trading Now: lbank.info
Community & Social Media:
l Telegram
l Twitter
l Facebook
l Linkedin
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/108497
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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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