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METABORA SINGAPORE announces BORA 3.0 update plan

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  • In May, the BORA 3.0 Mainnet Update is scheduled for launch
  • Withdrawal of Existing Inflation Plan and Transition to Deflationary Tokenomics with Gas Fee Burning Mechanism Announced

SINGAPORE, April 29, 2024 /PRNewswire/ — METABORA SINGAPORE (Representative Gyehan Song) announced its plan to update BORA 3.0 mainnet and released a whitepaper on the BORA PORTAL on the April 29th.

Following the decision made at the 5th BORA Governance Council (GC) General Assembly held in Pangyo, Seongnam City, Gyeonggi Province on the 25th to update BORA 3.0, an evolved version of BORA’s services and ecosystem will be unveiled at the end of May.

BORA 3.0 includes enhancements to the existing BORA token utility to align with the global release, user expansion of the onboarding line-up, scheduled for the second half of 2024, improvements to accelerate the expansion of the BORA ecosystem.

The existing dual-token structure, comprising tBORA and bGAS, will be unified and converted into the BORA Mainnet token. Additionally, to activate the BORA chain, a token gas fee policy will be implemented. However, gas fees will be determined dynamically based on chain traffic conditions.

Moreover, BORA tokenomics will undergo significant revamping. In BORA 3.0, the previously proposed inflation plan is to be revised, and a “Dynamic Token Burning Model” that burns a certain percentage of BORA paid as gas fees on the BORA Mainnet will be implemented instead. The initial burning rate of the gas fee burning mechanism has been set at 50% through the approval process of the GC. Through this, BORA is ultimately set to transition into a deflationary tokenomics model.

Furthermore, to expand the BORA ecosystem into the sports and entertainment content areas in the global market, new onboarding contents will be introduced sequentially. These include a global IP-based baseball simulation game and “Birdie Squad 2024,” which adds live KLPGA broadcasting functionality.

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Lim Young-Jun, CBO of METABORA SINGAPORE, stated, “We have undertaken extensive improvement efforts in various aspects such as tokenomics, token structure, and portal systems to enable BORA 2.0 to evolve into a more advanced service,”. He added, “In 2024, along with BORA 3.0, we will evolve the BORA ecosystem through the onboarding of various entertainment contents such as games and sports.”

Meanwhile, METABORA SINGAPORE is expanding cross-chains with various global platforms such as Polygon, Near Protocol, Ethereum, and Binance Chain to expand the global ecosystem of BORA and is preparing for a variety of content services beyond games.

Detailed information about BORA 3.0 Mainnet update is available on the BORA Portal website.

APPENDIX

BORA PORTAL URL: https://boraportal.com/

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Contact Points at METABORA for Press Release

Kelly Lee, Deputy Manager / [email protected]

Allen Ha, Manager / [email protected]

About METABORA SINGAPORE

As a subsidiary of METABORA, a casual and blockchain game developer, and a developer of blockchain platform BORA, METABORA SINGAPORE is servicing user-friendly blockchain-based games and entertainment contents based on a myriad of experiences in development and service.

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BORA Platform is associated with various partners across the industries capable of bringing a shift and advance in tokenomics, content and blockchain technology, and covers a range of contents from game to entertainment to guild DAO through an aggressive eco fund investment and partnership. Also, it is developing services optimized to GameFi such as NFT trading, token exchange and DeFi by running BORA Portal.

BORA is a national game/entertainment token with a high liquidity in the market and reinforcing the accessibility of users and services abroad by increasing the listing on global cryptocurrency exchanges and expanding partnership.

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Banxso Celebrates Winners of the Tour de Banxso Trading Competition

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CAPE TOWN, South Africa, June 13, 2024 /PRNewswire/ — Banxso, the leading online trading platform, is excited to announce the winners of its highly anticipated Tour de Banxso trading competition. After weeks of rigorous and competitive trading, the most skilled traders have emerged victorious, showcasing their expertise and dedication in the realm of online trading.

Grand Prize Winner: Rigardt Maartens from Roodepoort has been awarded the prestigious grand prize: a magnificent 1959 Mercedes-Benz 190 SL, valued at R2,800,000. In addition to this classic automobile, Rigardt also received an official Chopard® Mille Miglia® watch valued at R200,000.

Runner-Up: Helgard Gous from Brooklyn, Pretoria, has achieved a remarkable runner-up position, winning an exciting international holiday for him and his wife, and an official Chopard® Mille Miglia® watch worth R200,000.

Participants were required to make an initial deposit of R20,000 and complete at least 100 trades across a minimum of 10 different assets to be eligible for these extraordinary prizes. The winners were selected based on achieving the highest winning ratio during the competition period.

Manuel de Andrade, Banxso’s Chief Operating Officer, expressed his excitement about the competition’s success, stating, “We are thrilled by the remarkable engagement and enthusiasm displayed by our clients throughout this event. Congratulations to Rigardt and Helgard on their exceptional performance and well-deserved success.”

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Rigardt Maartens shared his elation about winning the grand prize: “I am deeply honoured and grateful for this incredible reward. Competing in the Tour de Banxso has been an amazing journey, and I am proud to be a part of the Banxso community.”

Helgard Gous also conveyed his joy at being named the runner-up: “Participating in the Tour de Banxso competition has been a highly rewarding experience. I am thankful for this opportunity and look forward to continuing my trading success with Banxso.”

The winners were invited to Cape Town on Friday, June 7, to receive their prizes and meet the Banxso team before returning home.

Banxso operates under stringent regulatory oversight to ensure the highest levels of security and confidence. Authorized by the South African Financial Sector Conduct Authority (FSCA) with license number 37699, Banxso adheres to strict conditions, including the maintenance of segregated client accounts to protect client funds. Additionally, Banxso submits monthly reports to the FSCA and the Financial Intelligence Centre as part of its regulatory compliance.

Banxso offers access to CFD trading across a wide range of financial instruments, including indices, stocks, commodities, cryptocurrencies, and forex. For more information about Banxso and how to start your trading journey, please visit banxso.com.

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About Banxso:

Based in the vibrant heart of Cape Town, Banxso is an online trading brokerage that redefines the trading experience. Banxso champions the aspirations of young traders while fostering an inclusive, dynamic, and welcoming community. As a gateway to financial trading and investing, Banxso provides an optimal platform for navigating every phase of your financial journey.

Since its inception in 2022, Banxso has operated under meticulous regulatory frameworks, ensuring security and confidence for its clients daily. Authorized by the South African Financial Sector Conduct Authority (FSCA) No. 37699, Banxso exclusively serves South African citizens.

Banxso is more than just a platform; it is your personal portal to the financial markets. Committed to empowering clients with successful and confident trading skills, Banxso has democratized the process by eliminating commissions and lowering spreads, addressing the financial realities of trading.

Recently, Banxso introduced its interest-bearing brokerage account offering up to 8.7% interest, a pioneering initiative for online traders in South Africa, with interest paid weekly in arrears.

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Banxso proudly sponsors Dricus du Plessis, the current UFC Middleweight Champion and the first South African to win a UFC championship, as well as South Africa’s national soccer team, Bafana Bafana.

Media Contact:
Manpreet Singh
Email: [email protected]
Phone: +16465064978

Photo: https://mma.prnewswire.com/media/2437860/Rigardt_awarded.jpg
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Banxso Celebrates Winners of the Tour de Banxso Trading Competition

 

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Frost & Sullivan Institute Announces the Fourth Edition of the Enlightened Growth Leadership Best Practices Recognition, 2024

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SANTA CLARA, Calif., June 13, 2024 /PRNewswire/ — Frost & Sullivan Institute, in collaboration with Frost & Sullivan proudly announces the fourth edition of the Enlightened Growth Leadership Best Practices Recognition 2024, celebrating organizations that achieve success while making a positive global impact. In today’s rapidly changing business environment, the Institute has identified an exceptional group of multinational companies that masterfully combine business growth with sustainable transformation. These leaders are tackling pressing challenges such as reducing carbon emissions, minimizing waste, and conserving non-renewable resources, setting a new standard for responsible corporate growth.

“The Enlightened Growth Leadership Best Practices Recognition represents a dedication that goes beyond traditional corporate responsibility and governance standards. These organizations are driving transformative changes in industries and societies, steering us towards a brighter and more sustainable future. We extend our heartfelt congratulations to these exceptional companies for their steadfast commitment to sustainable development and their efforts in creating opportunities that benefit all stakeholders. Their dedication to sustainability sets a strong example for all industries,” said Aroop Zutshi, Director of the Frost & Sullivan Institute.

The selection process is underpinned by a comprehensive and robust eight-step methodology. This rigorous process involves thorough research, in-depth analyses, and benchmarking, ensuring that the selected companies truly exemplify excellence in growth and ‘innovating global challenges to zero’. By blending business expertise with ethical values, these companies show ideals that go beyond just making profits. This recognition highlights their commitment to responsible consumerism.

The Frost & Sullivan Institute proudly congratulates the Enlightened Growth Leadership Best Practices Recognition, 2024 winners from Asia Pacific. These exceptional organizations will be honored at our award banquet at Barcelona later this year, where we will celebrate their unwavering dedication to building a sustainable and prosperous future.

Recipients:

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ADVANTEST CORPORATION

AEKYUNG 

APL Apollo

ARE Holdings,Inc.

PT Bayan Resources, TBK

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CELLTRION INC

Coupang, Inc.

daedong 

Data#3 Limited

Delta Electronics (Thailand) PCL.

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Doosan Bobcat.

Dreamtech Co., Ltd. 

ECOPRO

erex Co.,Ltd.

EXEO Group, Inc.

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GEO-YOUNG CORPORATION.

HDC Holding Co.,Ltd

Hitachi High-Tech Corporation.

Kakao Corp.

KUMHO PETROCHEMICAL

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LARSEN & TOUBRO LIMITED

LG Chem.

M3, Inc. 

NMDC Limited.

Ramsay Health Care

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SAMSUNG SDI CO.,LTD.

Sea Limited.

Seegene Inc

SL Corporation

SRF Limited 

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THACO

Woodside 

YANCOAL

Airtel India.

Bharat Petroleum Corporation Limited

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Hindustan Petroleum Corporation Limited

Idemitsu Kosan Co.,Ltd.

KEPCO

PHC Holdings Corporation

PTT Public Company Limited

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Toyota Tsusho Corporation

Wipro

About Frost & Sullivan Institute

The Frost & Sullivan Institute (FSI) is a non-profit organization dedicated to utilizing business practices to address global priorities. The genesis of the institute goes back to the vision of either creating, or becoming part of, a solution that addresses threats to humanity. The Institute has identified strategic imperatives for transformation and believes that we can truly accelerate innovation to zero. To learn more about FSI, visit www.frostandsullivaninstitute.org

About Frost & Sullivan

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For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Media Contact:

Bivechana Gautam
Email: [email protected] 

Related Links
www.frost.com
www.frostandsullivaninstitute.org

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JanOne’s Subsidiary, Alt5, Reports 91% year over year increase in Transaction Volume to US $289 million for April and May 2024

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LAS VEGAS, June 13, 2024 /PRNewswire/ — JanOne Inc. (Nasdaq: JAN), a multidisciplinary organization with a focus on healthcare and fintech, released today its wholly-owned subsidiary, ALT5 Sigma, transaction volume for April and May 2024.

According to the Company, ALT5 Sigma transaction volume reached US$289 million for the months of April and May 2024 combined, compared to US$151 million in transaction volume for the months of April and May 2023 combined, representing a year-over-year increase of 91%.

“Since inception, we have relied solely on word-of-mouth and client referrals to grow our business and have managed a steady growth year-over-year, and now we begin to roll out our global marketing strategies,” said Andre Beauchesne, President of Alt5 Sigma. “The adoption of cryptocurrencies in many industries is accelerating and our B2B solutions can be easily integrated into all business processes from checkout to payouts,” further added Mr. Beauchesne.

About ALT5 Sigma Inc.

Launched in 2018, ALT5 is a fintech company that provides next generation blockchain-powered technologies to enable a migration to a new global financial paradigm. ALT5, through its subsidiaries, offers two main platforms to its customers: “ALT5 Pay” and “ALT5 Prime”. The Company processed over US$1.2 billion in cryptocurrency transactions in 2023.

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ALT5 Pay is a crypto-currency payment gateway that enables registered and approved global merchants to accept and make crypto-currency payments or to integrate the ALT5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT5 Pay’s checkout widgets and APIs. Merchants have the option to convert to fiat currency (s) automatically or to receive their payment in digital assets.

ALT5 Prime is an electronic over-the-counter trading platform that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat. ALT5 Prime is available through a browser-based access mobile phone application named “ALT5 Pro” that can be downloaded from the Apple App Store, from Google Play, through ALT5 Prime’s FIX API, as well as through Broadridge Financial Solutions’ NYFIX gateway for approved customers.

About JanOne

JanOne is a unique Nasdaq-listed multidisciplinary organization with a focus on healthcare and fintech. JanOne is one of the constituents of the Russell Microcap Index, starting June 28, 2024. Through its biotech activities, JanOne is developing innovative, actionable solutions intended to help end the opioid crisis. JanOne is dedicated to funding resources toward innovation, technology, and education to find a key resolution to the national opioid epidemic, which is one of the deadliest and most widespread in the nation’s history. Its drugs in the clinical trial pipeline have shown promise for their innovative targeting of the causes of pain as a strategic option for physicians averse to exposing patients to addictive opioids.

JanOne’s ALT5 subsidiary is a global fintech that provides next generation blockchain powered technologies for the trading, clearing, settlement, payment, and custodianship of digital instruments.

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Please visit www.janone.com for additional information.

Forward Looking Statements

This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the statements that JAN 101 will treat PAD, that JAN 123 will treat CRPS, the timing of the commencement of clinical trials, that the FDA will permit approval through a 505(b)(2) pathway for JAN 123, that upon approval JAN 101 will immediately disrupt the PAD market, and other statements, including words such as “continue”, “expect”, “intend”, “will”, “hope” “should”, “would”, “may”, “potential”, and other similar expressions. This press release also contains statements and links relating to the profitability and prospective growth of ALT5’s platforms and business, including, but not limited to international currency risks, third-party or customer credit risks, liability claims stemming from Alt5’s services, and technology challenges for future growth or expansion. Such statements reflect JanOne’s current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by JanOne, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.

Many factors could cause JanOne’s actual results, performance or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, those detailed in the Company’s periodic reports filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in JanOne’s filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and JanOne does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. JanOne cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Media Contact Investor Relations
[email protected]
1-800-400-2247

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