Recently, FIREDAO, a famous community-run platform in crypto industry, has launched a new DeFi protocol for financial independence. WallStreetbets movement’s recent squeeze on Wall Street and the following response by stock trading apps proved that the current financial infrastructure serves much better the privileged financial establishment rather than retail investors, who need a new system, which would be inclusive, fair and will not discriminate users by age, nationality or starting capital. It should be a system that values equal access, investor rights and cannot be shut down by greedy corporations. It also should be a system which guarantees financial freedom.

The idea of financial freedom has always been an inspiration for many people but in reality less than 1% of Americans retire before age 50. Achieving financial independence from a typical 9-to-5 job and having an opportunity to work optionally is the main idea behind the “FIRE” movement (stands for “Financial Independence; Retire Early”), which attracted millions of followers around the world. In their online communities FIRE adherents tell their success stories, support each other and share practical advice on cutting living expenses and making efficient investments.

The core FIRE strategy is quite simple: if a person starts making aggressive savings (50%-70% of income after tax) then after 10-15 years of work this substantial investment portfolio should generate annual profits larger than living expenses. For investments most FIRE influencers recommend a passive strategy based on stock index funds. Though these strategies work well in a growing economy, currently, many individual investors are nervous that despite unfavorable underlying economic conditions caused by the coronavirus pandemic, stocks markets have been inflated too much and too quickly by the unprecedented monetary stimulus. In expectation of the global economic slowdown and the subsequent stock market crash in 2021 many FIRE enthusiasts explore alternative investment strategies to protect their retirement funds.

Surprisingly, the blockchain industry, traditionally associated with high risk investments and price volatility, currently offers efficient instruments for long-term strategic investments with the help of so-called “stablecoins”. Stabelcoins are cryptocurrencies, which value is pegged to stable currencies, most often, the US dollar. Therefore stablecoins allow making payments and investments measured in US dollars, and the holders of stablecoins do not have any risk associated with Bitcoin’s price going up or down. The world’s three most popular stablecoins are USDT, DAI and USDC, all pegged to the US dollar.

However, compared to cash or other forms of electronic money, stablecoins have a major advantage as they can be used by smart-contracts – algorithms that generate revenue from cryptocurrency lending and exchange operations. These algorithms are fully autonomous, meaning they work 24/7 without downtime, intermediaries, maintenance and human intervention. This is what makes them very cost-efficient. Also, these algorithms are open-source, so many developers can review their computer code and confirm their safety and resilience. Finally, smart contracts run on Ethereum blockchain – a decentralized network of hundreds of thousands of computers, which means that no one can stop or secretly modify these algothisms.

Within the blockchain industry these financial algorithms are commonly known as Decentralized Finance or DeFi. The technology turned out to be so efficient that the DeFi sector started to grow at astonishing speed: in 2020 cryptocurrency holders deposited over $25 billion dollars in DeFi protocols, which is a 25X increase since February 2020.

In February 2021 FIREDAO, a startup backed by several prominent crypto VCs, launched its first DeFi product targeting FIRE enthusiasts interested in safe and long-term investment options.

“FIREDAO was established to explore the opportunities of using blockchain-based products to support people’s long-term financial needs,” says Almir Salimov, the marketing director of FIREDAO. “Our mission is to fast-track our users to financial freedom by offering low-risk financial products that consistently generate much higher returns than the stock market.”

Right from the start, FIREDAO was set-up as a community-run organization, which means that all important decisions on product and marketing strategy are made by FIRE token holders. To make governance open and democratic, the FIRE token is being introduced via a 5-year long liquidity mining program, which everyone can join. “Collaboration, interoperability, and teamwork are in the DNA of the DeFi industry, where developers build complementary products and benefit from each other’s work. In FIREDAO we heavily rely on the knowledge and expertise of our partners and other teams who help us develop better and more resilient products”, explains Mr. Salimov.

At launch, FIREDAO announced two financial products: a yield aggregator and a co-investment protocol. The yield aggregator is a smart contract that accepts deposits in three stablecoins: DAI, USDT, and USDC, and automatically deploys them to other algorithms like dForce, Compound, and Aave that generate the highest returns. FIREDAO deploys capital only to the most trusted algorithms in the DeFi industry: for example, Aave and Compound manage assets worth $3.7 billion and $3.1 billion USD in deposits respectively and can generate up to 15% APY on stablecoins at the time of writing.

The co-investment protocol, which will be released later, aims to help retail investors pool capital and invest together in blockchain projects. The mission of FIREDAO is to democratize investments by removing any barriers, commissions and intermediaries. Unlike investing through VCs and hedge funds there are no minimum investment requirements, no commissions, no performance and management fees to pay. Unlike the infamous Robinhood app that tried to stop retail investors from winning the battle against Wall Street firms, in FIREDAO no one can intervene with user’s decisions. Similar to other DeFi products the co-investment protocol allows investors keep total control over their funds at all times and invest directly in selected projects.

In contrast to centralized apps like Celsius and BlockFi, protocols like FIREDAO, Aave or Compound are open-source, decentralized, and non-custodial allowing depositors manage their assets in a transparent and flexible way without the need of passing KYC (Know-Your-Customer procedure).

FIREDAO’s products have a formal security audit pending, and until then run in safe mode, limiting the total deposit amount to $300,000, a sum which was reached within minutes after the protocol went public.

Media contact
Company: FIREDAO
Contact: Almir Salimov, Marketing Director
E-Mail: fire@firedao.com
Twitter: https://twitter.com/FIREDAO_
Telephone: +82 10 4075 3544
Website: https://firedao.com/

SOURCE: FIREDAO

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

DHG LTD.,(Daiko Holding Group), a global communications group operating from Japan, announced the acquisition of Singapore-based smart router company Mogu Technologies PTE LTD (‘Mogu’), effective as of January 18, 2020. The acquisition includes the mobile app, consumer smart router, and cryptocurrency (MOGX) business units of Mogu. DHG, who also operates the licenced Japanese crypto exchange BitGate and the Planet (PLA) Token, welcomes both Mogu and MOGX to the expanding DHG portfolio.

In 2018, Mogu Technologies successfully launched the Mogu Smart Router Version 1.0 in mainland China, with plans to expand throughout Asia in 2020. After the emergence of SARS-CoV-2 (COVID-19), Mogu shifted focus to the Japanese market, partnering with DHG for distribution based on the organization’s expertise in both logistics and communications in Japan.

As the controlling stakeholder in the Japanese cryptocurrency exchange, Bitgate, it was a natural progression for DHG to continue its goal for the mass application of blockchain and crypto in everyday Japanese life through the acquisition of Mogu. Now with the upcoming release of the Mogu Smart Router Version 2.0, DHG will also gain a competitive advantage in the wireless internet service provider (WISP) sector.

DHG LTD. CEO Akio Ito commented, “DHG’s acquisition of Mogu provides a major growth opportunity through an extended service offering for our clients. As consumers begin to transition cryptocurrency into their daily lives, we will be best positioned to support them on that journey.”

Media contact
Contact: Paul Kim
Company: Mogu Technologies
Email: pr@mogutech.io
Website: https://mogutech.io/

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

West Palm Beach, FL, Feb 4, 2021 – (ACN Newswire) – via NewMediaWire – Global Digital Solutions, Inc. (GDSI) (OTC: GDSI), a company that is positioning itself as a leader in Automotive and Aviation Technology Solutions, has received the decision from the United States District Court for the Southern District of Florida regarding the case against Grupo Rontan Electro Metalurgica, S.A., Joao Alberto Bolzan and Jose Carlos Bolzan.

The decision awards Global Digital Solutions Specific Performance (Rights to Rontan Metalurgica) and incidental damages of $192,448,000.

https://bit.ly/36Fi3og

William Delgado, CEO and Chairman of GDSI, said, "We are very pleased to announce that our ongoing legal complaint against Rontan Metalurgica and the Bolzan brothers has been decided. Our legal team of William Isaacson, Carlos Sires and James Grippando has done a fantastic job steering this through a very complex legal process. The GDSI team looks forward to expanding into the electric vehicle and automotive artificial intelligence sectors in the coming months. We also expect to announce additional acquisitions and partnerships in our Aviation Technology group. We look forward to providing detailed updates to the marketplace in the coming weeks as our near-term strategy is put into place with our attorneys, business partners and potential banking relationships."

Automotive Technology

The Company intends to leverage our experience gained from engineering and assembly of mobile command centers through its NACSV subsidiary into the vastly expanding Electric Vehicle (EV) and Automotive Artificial Intelligence (AI) sector. Although we do not intend to become a full-service manufacturer, we believe that we have the ability to provide support to the industry through parts, service, logistics, and software development. We also expect to rely on our AI partner, Consolidated Ocean Technology, Inc (COT) for work in this area.

Aviation Technology

The Company has continued its development of the PALS system in 2020. We have conducted preliminary flight testing and expect to announce additional flight testing after the first of the year. We also have been working with the Federal Aviation Administration (FAA) and selected OEMS to incorporate the system into their respective flight protocols. Development has been somewhat slowed due to the Covid-19 situation. We expect activity to pick up in 2021. The Company is also looking at other uses for the PALS technology, specifically as it relates to noise abatement and flow control. We are also continuing to look for additional aviation technologies that we may acquire in the future to augment our offerings.

About Global Digital Solutions, Inc.

Global Digital Solutions, Inc. (OTC:GDSI), a company that is positioning itself as a leader in Automotive and Aviation Technology Solutions, continues to enhance shareholder value in these areas. We currently operate an Aviation Technology group focused on low visibility and airspace congestion safety. The Company expects to add significantly through acquisitions and partnerships additional capabilities in EV and Automotive AI technologies. For more information about GDSI, visit http://www.gdsi.co

Forward Looking Statements

This press release contains "forward-looking statements." The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company's current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company's control, and could cause the Company's results to differ materially from those described. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements include statements regarding moving forward with executing the Company's global growth strategy. The statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company's Annual Report on Form 10-Q filed on November 21, 2019, and in our other filings with the U.S. Securities and Exchange Commission.

Contact:
Richard Brown
nesscapconsult@gmail.com
775-443-4740

SOURCE: Global Digital Solutions Inc.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Berlin, Germany and Tallinn, Estonia, Jan 28, 2021 – (ACN Newswire) – Fractal, KILT Protocol and Polkadex today announced a partnership to create a decentralized KYC system for exchange customers. Polkadex and Fractal will use the KILT Protocol as the underlying infrastructure for managing the KYC credentials required by Polkadex, to simplify and streamline the onboarding experience.

KILT Protocol will integrate Fractal's user-centric KYC/AML platform, which is built for compliance with global, regulated industries. BOTLabs GmbH (the company behind KILT Protocol) will provide a wallet as a browser extension for customers to hold their credentials, and make the wallet available to Polkadex for verification. Fractal and Polkadex will integrate KILT's SDK to build out the platform.

The onboarding flow will be as follows:
– Fractal will automatically issue KILT-Credentials to Fractal's current user base of 140,000 users who have previously KYC'd
– Polkadex will ask new users for credentials
– If the user has no credentials, they are directed to download and set up KILT's wallet
– If a user is not verified, Fractal guides them through identity verification and attests the KYC credentials when complete
– When the user's identity is verified, Fractal stores the credential hash on the KILT blockchain.

Decentralizing the KYC Process

Polkadex is a fully decentralized, peer-to-peer, orderbook-based cryptocurrency exchange for the DeFi ecosystem built on Substrate, the same framework that powers Polkadot. To solve the problem of order matching with identified individuals, Polkadex uses a zero-knowledge proof of identity obtained from the KILT blockchain.

KILT Protocol stores customer data in a distributed manner, without giving any provider undue advantage through data aggregation. By integrating KILT, Polkadex does not need to store or access customer data or compromise their privacy to identify people.

"We envision a world of financial inclusion, creating bridges that transfer value from traditional money markets to a decentralized store of value and trust, thereby preparing the world for a tokenized future. KILT is a great way to achieve that without compromising the core principles of decentralization," said Gautham J, CEO of Polkadex.

KILT is an open-source fat blockchain protocol for issuing claim-based verifiable credentials that enable trust business models in a Web 3.0 marketplace. Built on Substrate, the protocol has multiple business applications and KILT is currently exploring partnerships in the energy, genetics, gaming and finance sectors.

"The alliance with Fractal and Polkadex is the first of many turnkey solutions the KILT ecosystem will offer for exchanges and DeFi projects. We're proud to be part of substantive ecosystem collaborations with Substrate and Polkadot builders," said Ingo Rube, CEO of BOTLabs GmbH and Founder of KILT Protocol.

KILT and Fractal have collaborated for the past three years. Fractal has been utilized by many exchanges and ICOs, and is now developing an advertising marketplace that replaces the tracking cookie and gives control back to users. Fractal's open-source protocol provides a standard for a fair and transparent exchange of ad information that will enable a data commons while ensuring data privacy.

"We are excited to see decentralised identifiers being used beyond the concept stage. It will be a great user experience and hopefully a kickstart for a more decentralised web," said Julian Leitloff, Co-founder and CEO of Fractal.

About Fractal

Fractal is an identification company. We are replacing the ad cookie to give users back control over their data. Fractal wants to create a data commons that will enable fair competition against a market duopoly with valued users and trusted ads. Fractal was founded in 2017 and is trusted by 140k verified crypto users.

About KILT Protocol

KILT is an open-source fat blockchain protocol for issuing claim-based verifiable, revocable, and anonymous credentials for Web 3.0. It allows users to claim arbitrary attributes about themselves, have them attested by trusted entities, and store the claims as self-sovereign credentials. The protocol offers a simple JavaScript SDK so useful applications can be built without requiring any blockchain development skills.

About Polkadex

Polkadex is a fully decentralized, peer-to-peer, orderbook-based cryptocurrency exchange for the Defi ecosystem built on Substrate, the same framework that powers Polkadot. It enables high-speed trading, high liquidity, and lightning-fast transaction speed for supporting Defi applications and services.

Know more please contact
Fractal, Pooja Kadia, pooja@fractal.id
KILT Protocol, Christine Mohan, christine@kilt.io
Polkadex, Deepansh Singh, deepansh@polkadex.trade

Media contact
Company: Polkadex OU
Contact: Deepansh Singh
Twitter: https://twitter.com/deepansh_see
E-mail: business@polkadex.trade
Website: https://www.polkadex.trade/
Address: Harju maakond, Tallinn, Lasnamae linnaosa, Lootsa tn 5, 11415, Reg no: 16117744

SOURCE: Polkadex OU

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BOULDER, Colorado, Jan 27, 2021 – (ACN Newswire) – Techstars, the rapidly-growing global investment and accelerator network that helps entrepreneurs succeed, today announced a new program supporting 50 Japan-based startups in partnership with the Japan External Trade Organization (JETRO), the Japan Cabinet Office and the Ministry of Economy, Trade and Industry (METI). Taking place from February to April, the 10-week "Startup City Acceleration Program" will provide local startup businesses with guidance and hands-on mentorship, while also helping them progress toward overseas expansion by making connections with worldwide investors and business partners.

"Today's global environment has become a source of demand for new ideas and progress toward innovation across everything from healthcare to climate change, but at the same has restricted the collaboration and resources needed to propel promising innovations toward success," said Maelle Gavet, Techstars chief executive officer. "We're thrilled for the opportunity to support these startup ecosystems and help entrepreneurs make the connections they need to advance their businesses."

Techstars has funded more than 2,300 startups including companies such as SendGrid, DigitalOcean, Zipline, Outreach, Remitly, Classpass, Pillpack and DataRobot. Collectively, Techstars' portfolio has raised more than $11.7 billion from investors and is currently worth more than $185 billion today. The Techstars portfolio includes 12 unicorns – privately held startups worth more than $1 billion – and its success with thousands of startups across the globe offers a promising opportunity for entrepreneurs and innovators participating in the Startup City Acceleration Program.

The 50 Japanese companies selected to participate in the program are from four key startup ecosystems, including Tokyo, Nagoya, Kansai and Fukuoka. Industries and fields of these companies span a variety of sectors, such as robotics, hardware, materials, advanced manufacturing, AI, blockchain, and IT services, among others.

Techstars CEO, Maelle Gavet, went on to say, "We believe that great ideas can come from anywhere and we are committed to driving greater diversity in the technology and investment sectors outside of Silicon Valley. Japan has an incredible history of innovation with strong potential for growth and transformation. The Startup City Accelerator Program will be one of the most innovative and interesting programs we have run to date, and we look forward to helping unlock its potential."

For more information, visit techstars.com.

About Techstars

The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas – entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 2,300 companies and has a portfolio valued at more than $185B. www.techstars.com


Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BANGKOK, Jan 20, 2021 – (ACN Newswire) – PTT Global Chemical PCL (SET:PTTGC) Chief Executive Officer, Dr. Kongkrapan Intarajang discusses the company's strategy and outlook in The Executive Talk (TET) by ShareInvestor.com.

TET: What are GC's current business execution strategies? What is the rationale behind the expansion towards the downstream industry?

GC's strategies are based on 3 major strategies. The first is "Step Change", emphasizing on strengthening our home base by gearing more towards the downstream businesses to enhance the competitiveness and flexibility, being able to capitalize on diverse feedstock, while at the same time ensuring that our costs are globally competitive, with the notion of horizontal and vertical integration applied to the business.

The horizontal and vertical concepts involve our production lines from upstream all the way to downstream businesses, which can be further developed into different types of chemical products, and can serve as fundamental feedstock for various industries such as packaging, garments, communication and electronics devices, automotive, construction, engineering plastic, and agricultural equipment. This also serves to diversify business risks, expand product offerings, and add values to them.

The next strategy "Step Out" capitalizes on GC's being the largest petrochemical operator in Southeast Asia, with 12 production sites across the globe. Our purpose is to build a genuinely global business. We have begun to invest in the USA more intensively. The Step Out strategy emphasizes on 2 components; merger and acquisition or M&A and the downstream business to secure global footprint, as well as investing in the petrochemical business; our core business, in Ohio, where polymer feedstock cost is very competitive.

The third strategy "Step Up" focuses on Sustainable Development, or SD; the matter that GC takes as an important part of the business, not just as CSR (Corporate Social Responsibility) activities. In this regard, the Step Up strategy is multi-dimensional. In terms of scale, GC has expanded collaboration with our alliances both domestically and internationally in a larger scope, based on the concept of the circular economy to create awareness, from waste collection, management, sorting, transportation, and recycling, which is different from before when it was purely mechanical recycling, but now we are implementing chemical recycling, as part of the 'Step Up' initiative both in terms of scale and scope.

TET: Based upon the determination to operate the business in a sustainable manner, what are the tangible outcomes resulting from such endeavor?

GC has recently been ranked the first in the world in the Dow Jones Sustainability Indices: DJSI for the second consecutive year in the chemicals sector. We are also in the top 10 ranks of DJSI World and Emerging Markets for the eighth consecutive year, reflecting our determination in our ESG intent. This goes to show the Company's support and alignment with the global Sustainable Development Goals; SDGs that GC has been abiding by and actively executing for a long time.

Not only that, GC is the first and only Thai company that has been granted A level assessment (Leadership Level), which is the highest level in climate change and water security management, under the assessment of the globally trusted sustainability evaluation institute 'Carbon Disclosure Project (CDP)' in 2020.

We intend to play a part in solving the problems and alleviate the impact of climate change, transitioning into the low carbon society, following the objective of the Paris Agreement and the United Nations' Sustainable Development Goals (SDGs), as well as the emphasis on maximum effectiveness on the use of water resources, reflecting the environment-conscious operations.

With our goals to reduce the emission of greenhouse gas (scope 1 and 2) by 20% from normal business operations in 2030, compared to the base year (2012). The organization's greenhouse gas emission account has been developed, with the plan to expand the operational scope to the value chain (scope 3) in an integrated manner. Furthermore, the water management goals have been developed both internally and externally to ensure measurable outcomes and sustainable leadership position in an international arena.

TET: What are GC's directions in ensuring the organization's financial health?

We need to increase the quality of earnings. In the past, our major source of income has been from commodity products. GC has intended to increase high value products, performance products and green chemical portfolios by 2030. It is expected that the profit generation from these products will contribute 20% of the Company's total profits.

However, sustainability is the significant determinant of the Company's financial strength. If shareholders look at it on a short-term period, this may not be the key objective. We wish for our shareholders to grow together with us, generating capital gain that can pay out dividend and remain competitive in the market. Hence, quality and stability are more important. In this regard, the downstream business is less volatile with around 10% EBITDA margin, which is less likely to drop to a single digit.

TET: What is the outlook of the petrochemical industry?

If we look at the petrochemical industry from the commodity side, there might be a certain extent of oversupply over the next 2-3 years, depending on each product. But from our projection, the situation should be better than in 2020, when things should have already bottomed out in the second and the third quarters of 2020, caused by missing demand. Now we have begun to see signs of improvement in the fourth quarter and we are of the view that the situation in 2021 should be considerably more improved than in 2020.

TET: What are the strengths that differentiate GC from other players, both in the regional and global levels?

Even though our products are more advanced in many aspects, there are certain points that others are doing better than we are. Nevertheless, our number one strength is our sustainability performance, where we have been ranked the world's number one in the chemicals sector by DJSI. We have been able to reduce costs resulting from the adjustment of business execution processes that allow for energy saving and reduction of greenhouse gas emission, which will be the key component in the cost structure in the future. It might not have yielded tangible benefits today, but when the law becomes effective in the future, we will always be ready. It will also serve to enhance business opportunities, since global partners all place emphasis on this matter, while many competitors may not have this in place yet or may not be as good at this as we are. Meanwhile, sometimes customers will come to us because we have invested so much in sustainability and investors are also very interested in the matter of sustainability as well.

TET: What is the most significant challenge faced by GC and the petrochemical industry?

The challenge is when people are starting to doubt the viability of this industry. Many people might not notice the tangible difference between petroleum and petrochemical businesses. The petroleum business has been viewed by many that the return on capital is on the downside. The petrochemical business, on the other hand, if the portfolio is well-managed, I think that this industry has a promising future because petrochemicals are always part of many people's lives.

Therefore, the challenge is how to maintain or build the competitiveness, by way of keeping the cost of the commodity market low, while ensuring that new businesses can accommodate several industries, for instance, EV, construction, electronics, depending on the strategies of each company. In this regard, we believe that the challenge is not different from what we faced in the past, the only difference is the prevalence of the COVID-19 pandemic.

TET: How do you see GC 5 years from now?

Strength must be borne from within, so we emphasize greatly on transformation. We execute organizational and digital transformation alongside one another. Though we have not been affected by the digital disruption today, I believe we must start now for future growth, for instance, cost reduction, modernization of work processes by adopting the technology. Thus, there should be several changes in our organization such as change of the organizational culture, which has progressed quite a lot because we work fast and get serious. We have initiated the work and will have to meet the desired goals. We also need to adjust and strengthen our product portfolio and enhance the quality of earning, as well as overseas investment, whereby our long-term goal is to increase margin contribution from overseas investment from 10% to 30%.

About The Executive Q&A Series

The Executive Q&A Series is presented by ShareInvestor, Asia's leading financial internet media and technology company and the largest investor relations network in the region. For more information, email admin.th@shareinvestor.com. Website: www.ShareInvestorThailand.com


Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JobsPivot today announced a series of job fairs and training partnerships in 2021 meant to help mitigate the effects of the economic downturn caused by COVID-19 in Singapore. These efforts are targeted at segments of the population most vulnerable to longer-term unemployment: those without tertiary qualifications, those in non-PMET jobs, and those aged 60 and above.

Incorporated on 4 June 2020, JobsPivot began its mission to connect the right talents with the right opportunities by launching its proprietary online job portal. To further streamline the communication pathway between employers and jobseekers, it launched a marketing consultancy, utilizing its knowledge of jobseekers’ online behaviour to create effective ads and social media outreach initiatives for businesses.

“2020 was a very challenging year for all Singaporeans, especially those from low-income segments of the population,” said Bob Hafiz, Managing Director at JobsPivot. “Our aim for 2021 is to provide clarity and confidence career-wise to those still struggling to rebound from retrenchments.”

Impact of COVID-19 on the Singaporean Workforce

According to the Labour Market Report for 2Q and 3Q 2020 by Singapore’s Ministry of Manpower (MOM), the unemployment rate for citizens continued to increase over the second half of last year, from 3.5% in June 2020 to 4.9% in September 2020. The number of retrenchments in 2Q 2020 (8,130) – already higher than the peak of job losses during the SARS outbreak in 2003 – had increased to 9,100 by 3Q 2020.

The ministry’s report also found that retrenchments and longer-term unemployment was disproportionately higher amongst three particular demographics: (1) those without tertiary qualifications; (2) those in non-PMET jobs; (3) those aged 60 and above. Historically, most people belonging to these three demographics also make up a significant portion of the country’s low-income population.

JobsPivot 2021 Initiatives

JobsPivot will hold one job fair a month in estates such as Tampines, Woodlands and Toa Payoh. Visitors will be guided through the process of using online portals to source and apply for job opportunities that match their skillset. Those without a proper resume or looking to improve an existing one will be given a quick tutoring session on resume creation and curation.

Additionally, JobsPivot in collaboration with sister company EduPivot will partner with private educational enterprises and training providers to provide upskilling courses for those who have lost their jobs. Non-PMETs will be able to transform their careers through a host of programmes in areas such as Data Analytics, Digital Marketing, and App Development. These introductory-level courses aim to equip those having little to no experience in such fields with sufficient knowledge to kickstart their new careers.

These two initiatives are expected to benefit participants by helping them overcome two significant barriers to re-employment – (1) technological and logistical unfamiliarity with current job application processes; (2) lack of requisite skills for jobs already available.

Be sure to keep an eye out for these initiatives and find out more about JobsPivot at http://www.jobspivot.sg!

References
MRSD, MOM. (2020, September). Labour Market Report Second Quarter 2020. Ministry of Manpower, Republic of Singapore. https://stats.mom.gov.sg/iMAS_PdfLibrary/mrsd-Labour-Market-Report-2Q-2020.pdf#page=7
MRSD, MOM. (2020b, October). Labour Market Report Advance Release Third Quarter 2020. Ministry of Manpower, Republic of Singapore. https://stats.mom.gov.sg/iMAS_PdfLibrary/mrsd-LMAR-Q3-2020.pdf#page=6

Media contact
Company: JobsPivot
Contact: Dynn Othman, Marketing Executive
Telephone: +65 9337 1233
E-mail: buzz@jobspivot.com
Website: https://www.jobspivot.com
Facebook: https://facebook.com/JobsPivotSG
Address: Oxley Bizhub, 67 Ubi Road 1, #07-01, Singapore 408730

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Decentralized finance protocol, BambooDeFi, developed by Nexxyo Labs, has conducted its Initial exchange offering on the ChainX cryptocurrency exchange on December 25. It will be done in three phases that will last till January 30, 2021. After the IEO on the ChainX, it will be listed on another decentralized exchange Uniswap, as per the protocol team. Bamboo is an Ethereum dependent Decentralized Finance platform created for facilitating the exchange along with storage and development of cryptocurrencies.

After completion of two pre-sales successfully and selling of around 1.2 million Bamboo coins, the project has also become one of the proud members of the EEA or Enterprise Ethereum Alliance. This also certifies their solution to bring in some of the proven solutions of cryptocurrency and all innovations to the community.

2,438,408.6 BAMBOO (97.54%) of 2,500,000 Bamboo were sold during the pre-sale. Remaining 61,591 BAMBOO has been burned and the burning process will be repeated with the tokens that are not sold from the IEO in ChainX.

Key things to should know about IEO

It will be conducted in three various phases for which many people can join and initiate the New Year with a novel set of tokens that is ready for use. Starting from 25th December to 5th of January the Bamboo tokens can be purchased at 0.0009 ETH each, then from 6 to 16th January, tokens can be bought at 0.0012 ETH each and from 17 to 30th of January, the Bamboo tokens can be bought at 0.0015 ETH each. To get the Bamboo tokens one is required to use Metamask, Wallet connect or the Trust Wallet because BambooDeFi has been developed on the platform ERC 20.

BambooDeFi helps users to gain rewards through varied systems like

– Yield farming
– Voting
– Raindrop
– Staking
– Liquidity pools and providers
– Projects burn yearly party

The liquidity providers are indeed given incentives liberally for all the contributions they have made, but other members along with the Bamboo coin users can also use the exclusive operational network to get engaged and get rewards.

The incentives that liquidity providers get depends on a four-fold performance system that makes it a good option when compared to other platforms.

– SWAPS commission allocation for liquidity providers.
– Saving Bamboo helps in generating more Bamboo but for people who utilize it in STAKE system and provides grants to multipliers in Yield Farming.
– The yield multiplier bonuses among varied liquidity pools.
– Distributing 50% of all gains made with the Raindrop system for all users having active liquidity pools.

Important aspects of BambooDeFi

BambooDeFi was developed by Nexxyo labs with technical support from Kindynos. This project has been developed with some of the stretched functionalities as well as good security in addition to good protocols like a quadruple reward system, temporary blocking and a new image for the better future of cryptocurrency.

If anyone is thinking about how it differs from other DeFi cryptocurrencies, then the answer for it is coin burning. While with other coin burnings there is the use of eater address with the unobtainable private key. The coins sent to those address is burnt completely and the same number of coins is eliminated from the whole supply. But with BambooDeFi, the motive along with the process of the coin burning is different. Here, the users rather than the developers keep the power to burn coins and join in the Bamboo Burn Yearly Party or BBYP. It is a token-based system for the lottery that gives rewards to its users who have done coin burning.

The project wallets in BambooDeFi is a source of multiple currencies that facilitates a strong, safe and easier transfer of services.

How it benefits the liquidity providers?

– With BambooDeFi, all liquidity providers get a relative share of their trading fees that are generated by every pool to which they offer liquidity. But not like other DeFi protocols, all liquidity providers will get a portion of the trading fees after they have got their liquidity from the pool, till the liquidity that has been contributed to the pool surpasses the 60 days of maturity.
– Every trading pair Will get a commission of about 0.3% which in turn will be changed to Bamboo and then distributed to present as well as past liquidity providers of every pool.
– Each trading pair will have a commission of 0.3%, this commission will be converted to BAMBOO and then distributed to the past and present liquidity providers of each pool.
– This makes sure that early LPs will get long term benefits even after they retire from the core assets but as long as they are keeping BAMBOO in the staking portfolio and the pool is more than the estimated period of maturity.

BambooDeFi is something more than just being a DeFi. Its card can be easily used as a credit card and also helps in facilitating the exchange with the fiat currency. The future of this platform is planned very well and if it is implemented effectively, it will become one of the best platforms for beginners along with the veteran cryptocurrency enthusiasts as well as users. It is a great alternative to old financial services along with other DeFi products.

Media contact
Company: Nexxyo Labs
Contact: María Alejandra
Telephone: +34 692065692
Email : support@bamboodefi.com
Website: https://www.bamboodefi.com/ ; https://nexxyolabs.com/

SOURCE: Nexxyo Labs

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Zagreb, Croatia, Dec 25, 2020 – (ACN Newswire) – Croatian Amm Global Institute organized for the first time at Zagreb’s Hotel Esplanade the first ‘Croatia media congress’ involving all key executives from Croatian media, the Minister of Culture and Media Nina Obuljen Korzinek, the State Secretary at the Ministry of Culture and Media Kresimir Partl, and Director of the Electronic Media Agency Josip Popovac.

The Amm Global Instute is the first private creative industry institute in Croatia established by Ivan Juric Kacunic. This most prominent radio businessman in Croatia speaks about the condition of the media market in Croatia, the impacts of the Corona pandemic on media, and about the future of the Croatian media industry and its future role in the recovery of the Croatian economy from the effects of the Corona crisis.

What is the present condition of the media market in Croatia

Both the Croatian media market and the European media market as a whole are currently facing a serious situation, primarily due to the Corona crisis that has resulted in a significant decline of the overall market, in particular the service and entertainment markets, which has in turn caused a significant decline in media advertising investments. The Corona crisis has inevitably been reflected on the media market but has not caused it any vital damage. For example, the commercial radio segment has additionally grown during the Corona crisis. Recent surveys show that programs broadcast by commercial radio stations in Europe reach a total of 85% of the population and have a particular influence among listeners up to 25 years old. This is a respectable figure and by all means a reason to be optimistic. Moreover, this reflects the fact that, despite the crisis and these challenging times, radio campaigns have been in full swing, demonstrating great loyalty and strong solidarity, testing new models, and showing willingness to undertake new business challenges in the post-Corona era.

How has the Croatian government responded to the consequences of the Corona pandemic that affect the media

The government responded as it was able considering its capacities. Specific aid to both the media and the overall economy was granted in the form of job subsidies, but also as Covid-19 loans and guarantees. These measures taken by the Croatian Government, as well as the programs launched by the Croatian Agency for SMEs, Innovations and Investments and the Ministry of Culture and Media, were appropriate given the situation. Adequate measures were taken by the Electronic Media Agency, allowing radio and TV stations maximum adjustments in performing their broadcasting obligations for the primary purpose of protecting the health of media employees, ensuring full sustainability of electronic media in Croatia and subsidizing the diversity of programming contents and good journalism. In addition, the Croatian Government allowed Odasiljaci i veze d.o.o. to relax to the extent possible its terms of providing transmission services to radio and TV operators. he should at this point underline a private initiative, which is the timely reaction of ZAMP where it allowed appropriate discounts off the fees payable for copyrights and related rights and thus ensured uncompromised functioning of the media in the Corona-affected market.

At a Croatian media congress recently held in Zagreb you recommended that rules be modified with regard to media’s participation in the sources of funding made available via programs implemented by the Croatian Bank for Reconstruction and Development. What is your idea?

In geopolitical and economic terms, Croatia has been part of the prosperous Europe for a long time. Since 2013 when Croatia formally joined the European Union, we have formally been part of the single European market. Good European practices must also be Croatian practices. And there is no alternative to this. However, Croatia is certainly the only country in the European Union and perhaps the entire western world where media activities are under the general eligibility criteria applied by the Croatian Bank for Reconstruction and Development treated as activities ineligible for financing, thus being placed in the same class as, for example, casinos and betting shops. This negative practice should be terminated immediately.

Will this change?

Both Croatia and the entire world are facing a period of reconstruction and recovery. The media industry is an integral and, Ivan emphasize, an inevitable part of creative industries which will be the nucleus of fast recovery and development of the Croatian economy and society in general. Ivan said, “The present Management Board of the Croatian Bank for Reconstruction and Development has not responded in connection with these restrictions, but is able to remove them. This Management Board comprises responsible professionals who will, I am certain, recognize the right time, being the time of the Corona crisis, as well as the time to take post-Corona opportunities and allow media operators to avail themselves of the programs offered by the national bank for reconstruction and development to launch and implement the much needed investments, and that it will be them who will put an end to such negative practice in Europe.”

Is this realistic to be so optimistic?

The development of creative industries, including the media industry, is a necessary and certain step toward transforming our society from the Corona state to a new normal state and accelerating the recovery of the Croatian economy. It is important to know that creative industries are primarily focused on knowledge and information as critical resources and that this is a prerequisite for modern economy. Such economy improves production efficiency and the quality of products and services which have been substantially tailored to the preferences of modern consumers and are available both nationally and globally. Therefore, what we are discussing here is not some vision or idea. We are talking about European practices that show some of our fellow European citizens have already achieved notable results in the field of creative industries by hiring more people, primarily highly educated young people, creating a healthy business environment and networking, attracting investments, boosting the GDP, and raising earnings. My optimism is based on these facts and he expects the Prime Minister Andrej Plenkovic who has, in his statesman’s role, obviously decided to focus on the political matter of effectively involving Croatia in European perspectives and play a proactive role to allow creative industries to play their strategic role in the recovery and outlook of our society and homeland, as well as the broadest political consensus he expect to be achieved in this context.

Where did he get the idea to establish the first private creative industry institute in Croatia?

The creativity, talent and knowledge of Croatian people, from Nikola Tesla, Faust Vrancic and Slavoljub Penkala to our contemporaries such as Mate Rimac, Maksim Mrvica or Silvio Kutic and Izabel Jelenic, have throughout different stages in history and in various social and economic sectors had a significant positive effect on changes toward development and the quality of life of people from all walks of life and in all parts of the world. The achievements of Croatian creators, as well as their knowledge and innovations, have changed both Croatia and the world. It was based on this idea that he established the AMM GLOBAL INSTITUTE which now employs 33 scientists and professionals working on scientific, technical and educational projects in areas where radio influences creative industries, creating social contents and patterns, and promoting authorship and positive experience.

What is the main purpose of the institute?

The AMM GLOBAL INSTITUTE has only one purpose – progressive development. This will be achieved by having the institute continuously produce creative and strategic programs involving young talent, being the future of Croatian, European and global creative industries.

In the context of business, what is the main thing you will remember this year for?

Ivan will remember the year 2020 for the first projects implemented by the AMM GLOBAL INSTITUTE and the admission of the Croatian radio leaders, Narodni, Antena Zagreb, Radio Dalmacija and Media servis, to the Association of European Radios (AER), which is another positive example of how Croatian entrepreneurs are integrated in the European setting. However, he will also remember it because the term “media” was for the first time in democratic Croatia after the parliamentary elections included in the name of the Ministry of Culture as the competent ministry, which served to clearly demonstrate the importance of the media industry. Ivan said, “I will also remember 2020 for the actual success achieved by us – Croatian media executives. People like Marc Puskaric, Katijan Knok, Ana Hanzekovic, Luka Duric, Drazen Mavric, Silvija Londero Simlesa, Drazen Klaric, Hrvoje Barisic, Hrvoje Turic and Hrvoje Vukusic managed Croatian media corporations in times of unprecedented general crisis, ensuring stability and sustainable development for their companies. These are huge, immeasurable achievements. In this process, we all made efforts to achieve stability of the Croatian media industry in the most difficult of times, but also prepared ground for promising media industries for the upcoming period. Finally, I will personally remember this year for the completion of the shareholding restructuring process in the largest media company in Dalmatia. After 25 years of its existence, I have been the sole owner of Radio Dalmacija as of July this year. I thus completed an important strategic business venture and prepared Radio Dalmacija for a new digital era of its business.”

Social links
https://www.facebook.com/ammglobalinstitut
https://linkedin.com/company/amm-global-institut
https://www.instagram.com/ammglobalinstitut/
https://medium.com/ammglobal

Media contact
Company: Amm Global Institut d.o.o.
Contact: Ivan Juric Kacunic
Telephone: +385 1 6689 555
E-mail: agi@agi.hr
Website: https://www.agi.hr/
Address: Avenija Veceslava Holjevca 29, 10010 Zagreb, Croatia

SOURCE: Amm Global Institut d.o.o.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Tallinn, Estonia – This December has been rich in major milestones for OWNR Wallet. From now on, OWNR Wallet users will be able to order a prepaid Visa card straight in the app. The card will allow one to make purchases online and offline, and withdraw euros in ATM worldwide.

The card is connected to your cryptocurrency wallet in OWNR Wallet app and provides round-the-clock access to its assets. It is possible to replenish the card with cryptocurrency almost in an instant. One of the advantages of the card is that the users can use it with Apple Pay.

Applying for the card takes just a few minutes. All you need to do is fill out a short questionnaire and pass a quick video verification. The card will be delivered to the selected address free of charge. One may order and have the card delivered to almost any country of the world. The cost of ordering the card is €40. The service fee for the card makes €1 per month.

Another major update is the launch of OWNR’s own in-built crypto-to-crypto exchange. Previously the Changenow.io service was used for the cryptocurrency exchange. Now OWNR Wallet’s users can enjoy faster exchange transactions which no longer depend on the asset availability on Changenow. The updated exchange is available in both desktop and mobile apps. Currently the following assets are available for exchange: BTC, ETH, USDT, DASH, ZEC, LTC. This list is to be expanded.

Last but not least, December saw a major decrease of cryptocurrency purchase fees. The rates are now as low as 4% + 3 USD for customers from any countries supported for the purchase.

What is more, the rates were reduced from 5% to 3% for verified Bitfinex customers using OWNR Wallet to purchase crypto with a credit or debit card.

“I am happy to state that OWNR Wallet team has managed to keep the work going despite the pandemic, and brought to life two significant features,” comments Grygoriy Sytenko, OWNR Wallet CEO. “Prepaid cards and own exchange are a valuable addition to the ecosystem we are building, but there’s even more ahead”.

About OWNR Wallet

OWNR is a multifunctional non-custodial HD wallet launched in April 2019 by an Estonia-based company. It is designed for those who want to keep all cryptocurrency operations in a single app, be it storing, sending, receiving, exchanging or purchasing crypto. Currently 11 basic coins and all the 250K+ ERC20 tokens are supported. OWNR is one of the few multi-asset wallets with full EOS support.

The app is now available for iOS, Android, Windows, Mac OSX, Linux.

The company is PCI DSS compliant and holds two licenses to provide cryptocurrency purchase. Users can buy basic coins (BTC, LTC, ETH, DASH) with a bank card (Visa, MC), UnionPay, SEPA.

Some of the technical features include:
– Autodiscovery of all assets supported and ERC20 tokens so that they are instantly available after the wallet import
– No limitations as to the length of the seed phrase
– Generating up to 20 addresses at once for BTC and BTC-like coins
– Widget to watch price updates for the coins of your choice
– Round-the-clock support available in the app
– SegWit for BTC and LTC
– Customizable fees
– Testnets for most of the coins supported

Media contact
Company: OWNR Wallet OU
Contact: Grygory Sytenko, Co-Founder & CEO
E-mail: press@ownrwallet.com
Website: https://ownrwallet.com
Facebook: https://www.facebook.com/ownrwallet/
Twitter: https://twitter.com/ownrwallet
Blog: https://medium.com/ownrwallet
Youtube: https://www.youtube.com/ownrwallet

SOURCE: OWNR Wallet OU

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com