CULT TODAY

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Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries

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Will Australia Support the Crypto Travel Regulation?

In an effort to combat money laundering, Australian lawmakers may introduce legislation requiring cryptocurrency providers to provide information about their users and transactions with AUSTRAC.

According to the Australian Financial Review, Nicole Rose, the Chief Executive Officer of AUSTRAC, told the Senate in late May 2021 that regulators were considering imposing a "travel rule," among other reforms, to address possible difficulties stemming from the expanding use of digital currencies.

Increased transparency of the identity and location of cryptocurrency payments

Ms Rose responded to Labor Senator Raff Ciccone's question by saying that a travel rule would allow AUSTRAC to have more "sight" into the identities of both the payment and the payee in a bitcoin exchange. Ms Rose thinks that the "development of intelligence" will make it easier for AUSTRAC to identify and punish ransomware operators and other cyber criminals.

This follows predictions from security firm Emsisoft, which predicted that ransomware attacks will cost the Australian economy $1.4 billion in 2020. Ransomware attacks entail a cybercriminal breaking into a computer system (usually that of a business) and threatening to leak sensitive and private information or completely impair the computer system's functionality unless a ransom is paid. The $1.4 billion in losses is believed to include both the price of paying ransom demands and the related "downtime" as firms are shut down in response to the threat. 

Ms Rose reportedly acknowledged that imposing a travel rule would have greater benefits not just in dealing with ransomware attacks, but would also result in AUSTRAC having greater oversight of both the place of origin and ultimate destination of cryptocurrency payments in response to Mr Ciccone's questioning.

There is a global drive for a travel rule.

There is presently a global drive for countries to follow the Financial Action Task Force's recommendations for regulating cryptocurrency and combating financial crime, which includes enacting the travel rule.

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FICO Survey: 3 in 5 Filipino Consumers Will Abandon Long Online Banking Account Applications

The pandemic is driving a digital-first mindset around financial services MANILA, Philippines, Aug. 31, 2021 /PRNewswire/ -- The pandemic is driving a digital-first mindset in the Philippines when it comes to opening banking accounts. Highlights  3 in 5 Filipinos expect to answer 10 questions or less or they will abandon an application 61 percent of consumers more likely to open an account digitally than a year ago 26 percent of Filipinos say financial institutions ask too many questions  FICO's 2021 digital banking survey shows that people in the Philippines expect a seamless banking experience when it comes to opening an account via a mobile app or website, with three in five expecting to answer 10 questions or less or they will abandon the process. One in five Filipinos will drop out if asked more than five questions.   "The pandemic is driving a digital-first mindset in the Philippines with 61 percent of consumers more likely to open an account digitally than a year ago," said Aashish Sharma, senior director of decision management solutions for FICO in Asia Pacific. "The number of consumers who prefer to open bank accounts digitally has grown to 41 percent and continues to rise, which is significant in a country with a strong branch culture." More information: https://www.fico.com/en/solutions/account-opening Turning friction into momentum The survey revealed that consumer patience with account applications varied according to product. Filipinos had the highest expectations for completing applications in 10 questions or less, for Buy Now Pay Later products (65 percent), savings accounts (62 percent) and transaction accounts (60 percent). Interestingly this expectation was significantly higher than other countries in the survey. For instance, just 41 percent of UK consumers and 51 percent of Australian consumers expected to answer 10 questions or less when opening a transaction account. Overall Filipino consumers want digital experiences that reduce friction and inconvenience. They expect their main bank to know them, 69 percent want to prove their identity online and 26 percent of Filipinos say that financial institutions ask too many questions. "Where there is friction there is opportunity, as the quote goes," said Sharma. "Either you solve it for your customers today, or a competitor will do it tomorrow. Consumers want banks to find answers to application questions through technology approaches such as improved identity checks, transaction history analysis, open banking and government databases." Mortgages deserve more scrutiny The survey showed that increased friction and security is deemed appropriate by consumers when it comes to applying and onboarding for specific high-value financial products. Despite relatively high levels of ease and confidence in applying for day-to-day online financial products such as current accounts, savings, loans and credit cards, more than half (61 percent) of customers polled expect greater rigor when it comes to mortgage applications. Research showed that just 28 percent of Filipinos would apply for a mortgage digitally, compared to the survey average of around one in three (34 percent). In all countries bar the USA and UK, in-branch openings are preferred to online methods. South Africa was a modest outlier with 43 percent of customers favoring online mortgage applications. Nearly two in five Filipinos polled said they were willing to answer 11 to 20 or more questions when it came to applying online for a mortgage. Don't change the channel Filipinos who open an account digitally prefer to carry out the process entirely in their chosen channel, whether it be smartphone or website. If customers are asked to move out of channel to prove their identities, many of them will abandon the application, either giving up on opening an account completely or by going to a competitor. Of those who don't immediately abandon, up to an additional 32 percent will delay the process. The survey found that any disruption matters. Asking people to scan and email documents or use a separate identity portal causes almost as much application abandonment as asking them to visit branches or mail in documents. This survey was conducted in January 2021 by an independent research company adhering to research industry standards. 1,000 Filipino adults were surveyed, along with 13,000 consumers in the USA, UK, Canada, South Africa, Australia, New Zealand, Indonesia, Malaysia, Vietnam, Thailand, Brazil, Colombia and Mexico. FICO is a registered trademark of Fair Isaac Corporation in the US and other countries. Photo - https://mma.prnasia.com/media2/1603090/ph_fico.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/450763/FICO_Logo.jpg?p=medium600 Related Links :https://www.fico.com Read the full article

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FICO Survey: 3 in 5 Filipino Consumers Will Abandon Long Online Banking Account Applications

The pandemic is driving a digital-first mindset around financial services MANILA, Philippines, Aug. 31, 2021 /PRNewswire/ -- The pandemic is driving a digital-first mindset in the Philippines when it comes to opening banking accounts. Highlights  3 in 5 Filipinos expect to answer 10 questions or less or they will abandon an application 61 percent of consumers more likely to open an account digitally than a year ago 26 percent of Filipinos say financial institutions ask too many questions  FICO's 2021 digital banking survey shows that people in the Philippines expect a seamless banking experience when it comes to opening an account via a mobile app or website, with three in five expecting to answer 10 questions or less or they will abandon the process. One in five Filipinos will drop out if asked more than five questions.   "The pandemic is driving a digital-first mindset in the Philippines with 61 percent of consumers more likely to open an account digitally than a year ago," said Aashish Sharma, senior director of decision management solutions for FICO in Asia Pacific. "The number of consumers who prefer to open bank accounts digitally has grown to 41 percent and continues to rise, which is significant in a country with a strong branch culture." More information: https://www.fico.com/en/solutions/account-opening Turning friction into momentum The survey revealed that consumer patience with account applications varied according to product. Filipinos had the highest expectations for completing applications in 10 questions or less, for Buy Now Pay Later products (65 percent), savings accounts (62 percent) and transaction accounts (60 percent). Interestingly this expectation was significantly higher than other countries in the survey. For instance, just 41 percent of UK consumers and 51 percent of Australian consumers expected to answer 10 questions or less when opening a transaction account. Overall Filipino consumers want digital experiences that reduce friction and inconvenience. They expect their main bank to know them, 69 percent want to prove their identity online and 26 percent of Filipinos say that financial institutions ask too many questions. "Where there is friction there is opportunity, as the quote goes," said Sharma. "Either you solve it for your customers today, or a competitor will do it tomorrow. Consumers want banks to find answers to application questions through technology approaches such as improved identity checks, transaction history analysis, open banking and government databases." Mortgages deserve more scrutiny The survey showed that increased friction and security is deemed appropriate by consumers when it comes to applying and onboarding for specific high-value financial products. Despite relatively high levels of ease and confidence in applying for day-to-day online financial products such as current accounts, savings, loans and credit cards, more than half (61 percent) of customers polled expect greater rigor when it comes to mortgage applications. Research showed that just 28 percent of Filipinos would apply for a mortgage digitally, compared to the survey average of around one in three (34 percent). In all countries bar the USA and UK, in-branch openings are preferred to online methods. South Africa was a modest outlier with 43 percent of customers favoring online mortgage applications. Nearly two in five Filipinos polled said they were willing to answer 11 to 20 or more questions when it came to applying online for a mortgage. Don't change the channel Filipinos who open an account digitally prefer to carry out the process entirely in their chosen channel, whether it be smartphone or website. If customers are asked to move out of channel to prove their identities, many of them will abandon the application, either giving up on opening an account completely or by going to a competitor. Of those who don't immediately abandon, up to an additional 32 percent will delay the process. The survey found that any disruption matters. Asking people to scan and email documents or use a separate identity portal causes almost as much application abandonment as asking them to visit branches or mail in documents. This survey was conducted in January 2021 by an independent research company adhering to research industry standards. 1,000 Filipino adults were surveyed, along with 13,000 consumers in the USA, UK, Canada, South Africa, Australia, New Zealand, Indonesia, Malaysia, Vietnam, Thailand, Brazil, Colombia and Mexico. FICO is a registered trademark of Fair Isaac Corporation in the US and other countries. Photo - https://mma.prnasia.com/media2/1603090/ph_fico.jpg?p=medium600 Logo - https://mma.prnasia.com/media2/450763/FICO_Logo.jpg?p=medium600 Related Links :https://www.fico.com Read the full article

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New Wealth Management Firm Launched To Support British Expats Around The World

- Headway Wealth, owned and managed by two expatriate wealth management experts, will support British citizens working in the UK or overseas, advising on a range of tailored investment opportunities LONDON, Sept. 1, 2021 /PRNewswire/ -- A global wealth management company has been launched that uniquely offers both British citizens living in the UK and expatriates around the world the chance to plug into investment opportunities – with bespoke advice across many aspects of financial planning. Headway Wealth founders Elliott Parkhouse and Hamzah Salchi Headway Wealth is headquartered in London with offices in many major financial markets, and has licenced associates who operate in the UK and Europe, and is also associated with a regulated firm in the US. The brand-new firm is one of the first to truly combine an independent financial consultancy offering to both UK residents and expatriates, supporting them in key markets where British citizens live and work, including the UAE, KSA, Qatar, Singapore, Hong Kong, USA, Spain, Italy, Germany, France and Portugal. Led by founders Hamzah Salchi and Elliott Parkhouse, Headway Wealth's team of British financial advisors have worked both in the UK and overseas. Its advisors have experience across all aspects of financial planning and have expansive networks in major overseas markets, meaning the firm can provide holistic, tailored wealth management advice to a diverse client base. Headway Wealth is fully independent and strives for total transparency across every aspect of the wealth management journey, with no hidden charges or undisclosed third-party agreements influencing the advocacy of investments. "We created this company with one eye on the future, driven by innovation in response to new challenges. We also understand that wealth is personal, and every single person requires a different solution," said Hamzah Salchi. "We have both worked with British expatriates around the world and understand precisely the unique financial products they need – covering everything from the ability to move money and assets from country to country, or to plan for their family's future." Elliott Parkhouse added: "We aren't just giving people access to a wide range of financial products, but doing so in a structured way, driven by their needs. That's a really powerful combination driven by great technology and inspirational values." "The feedback has been that people want transparency and we want to be the benchmark in the industry for that level of trust – wherever our clients live." For more information, please visit: https://headwaywealth.com/Related Links :https://headwaywealth.com/ Read the full article

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YDFX Global Launches a Fully Customized One-Stop Online Financial Service

The leading, 24/7, low-fee trading platform reveals its fully customized one-stop online financial service for investors looking for portfolio diversification. HONG KONG, Aug. 31, 2021 /PRNewswire/ -- On August 18, YDFX Global, one of the leading and innovative international financial service firms, has launched a fully customized online financial service that allows traders to access everything they need to make successful financial investments. The company reiterates its commitment to providing its numerous clients with choice trading platforms and training tools that will promote effective and highly rewarding forex trading. YDFX Global Launches a Fully Customized One-Stop Online Financial Service Forex is a primary financial trading tool with high profit potential. The company emphasizes its continuous dedication to make the necessary tools, market analysis, trading accounts, and platforms available to engender good returns for its users. The YDFX platform is open to both new and advanced traders looking for a wide range of portfolio diversification and relevant support to make the best of available opportunities. YDFX is a well regulated international online futures trading platform with a core focus on contracts for differences, forex, and precious metals, among others.  YDFX offers 24-hour online product trading that fits into the needs of a variety of customers. The company stated its commitment to prioritize the safety and security of its client's funds by storing its clients' funds in international trust institutions and safe banks. It is of interest to note that the financial service firm is supervised by the Canadian MSB authority regulatory agency. YDFX assures its clients of super-fast, 24/7 trade execution and interbank grade spreads.  Customers can access a wide range of markets through customized platforms, such as the MetaTrader 4 and MetaTrader 5 as well as other trading apps on mobile devices. Thanks to its range of trading accounts, unrivaled connectivity with the best globally available spreads, and unmatched trade execution speeds; YDFX Global has become a preferred forex broker in the world of automated trading.  Some of the benefits that are associated with trading on the company's platform include: Investment security Well regulated and safe for trading Exceptional trading platform for online futures trading Convenient and safe cash-in and cash-out Unmatched trading execution speed Both advanced and beginner traders are welcome to the YDFX platform where forex is a first-class financial product that can make a high profit for the investors by good trading. Read the full article

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Former Vice-Chairman of Nasdaq, Sandy Frucher, joins OwlTing's board of directors

TAIPEI, Aug. 31, 2021 /PRNewswire/ -- OwlTing Group, a blockchain technology company, announces that Meyer Sandy Frucher, a former Vice-Chairman of Nasdaq, has joined the company's board of directors. OwlTing's success in its home market in Taiwan has proven the company has a compelling value proposition that is ready for international competition. Mr. Frucher's appointment comes as the firm focuses on scaling globally. Meyer Sandy Frucher joins OwlTing's board of directors Mr. Frucher's service with Nasdaq began in 2008 when, as CEO of the Philadelphia Stock Exchange (PHLX), he negotiated it's acquisition by Nasdaq. Continuing on as Vice-Chairman of Nasdaq, he led Nasdaq's relationships with international exchanges, representing Nasdaq on the board of directors of the World Federation of Exchanges. He continues to represent Nasdaq on the board of the Options Clearing Corporation (OCC), where he is the longest-serving board director. "Stock Exchanges have enabled capital formation and job growth in the most developed countries, but far too many companies in the developing world have been left behind, unable to absorb the enormous costs of public listing or Environmental, Social and Governance reporting capabilities, and in some cases, simple payment systems. OwlTing's affordable blockchain solutions are game-changing for growing companies around the world. I'm excited to support the management team's global ambitions," Mr. Frucher stated. "Blockchain are systems of automated trust. This industry is in its infancy. Consumers and regulators alike are changing their expectations. Consumers want proof that their goods did not exploit vulnerable people and investors want proof that their portfolio companies are reducing their carbon emissions. Shortages and trade disruptions are causing companies to reconsider their supply chains and whether automation via smart contracts can improve their bottom line. Distributed ledgers and blockchain have transformative potential for a world with new expectations," said Mr. Frucher. OwlTing provides easy access to blockchain solutions for industries such as finance, hospitality, agriculture, logistics and mobility that share needs for cost-effective resilience and transparency in the digital era. OwlTing's strategic partners include SBI Holdings, the leading Japanese financial technology company, which placed a significant investment in OwlTing in 2018. "SBI Group has been deeply engaged in the blockchain, fintech and asset management space," stated Yoshitaka Kitao, CEO of SBI Holdings. "Investor demand in the blockchain sector has remained strong, and this reflects the growth potential and investment opportunities in the digital economy. OwlTing has been at the forefront of revolutionizing the blockchain landscape. I look forward to having Sandy on board and believe that his unparalleled experience will accelerate the company's growth and expedite the development and delivery of various blockchain innovations around the world." Darren Wang, Founder and CEO of OwlTing said, "It is our pleasure to welcome Sandy to the OwlTing Group. Sandy's embrace of technology at PHLX was visionary, and his leadership at Nasdaq and in the global exchange community guided the transformation of capital markets in the internet era. We are very early in the blockchain era, only recently moving from predictions and 'hype' to applications in production. Sandy's experience in transforming capital markets and his global relationships will guide our growth strategy and add to our momentum." About OwlTing Group OwlTing Group is a blockchain technology company headquartered in Taiwan and has branch offices in the U.S., Japan, Singapore, Hong Kong, Thailand, Malaysia, and U.A.E. Darren Wang, a serial entrepreneur and blockchain industry angel investor, founded OwlTing in 2010. The company has received an eight-figure USD investment from the Japanese financial giant SBI Holdings in 2018, along with venture backing from leading VCs. In 2019, OwlTing collaborated with U.S. companies, forming partnerships across borders to develop innovative blockchain applications. To learn more, please visit: https://www.owlting.com Related Links :https://www.owlting.com Read the full article

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PhonePe launches the "Pulse" of Digital Payments, India's first interactive geospatial website

- PhonePe Pulse is India's go-to destination for accurate and comprehensive data on digital payment trends - The Pulse website reveals digital transaction habits of over 300 Mn Indians at a district level - The Pulse report is a 'state of the union' in-depth view on the Indian digital payments industry BENGALURU, India, Sept. 3, 2021 /PRNewswire/ -- PhonePe, India's leading fintech platform, today announced the launch of PhonePe Pulse, India's first interactive website with data, insights and trends on digital payments in the country. The PhonePe Pulse website showcases more than 2000+ Crore transactions by consumers on an interactive map of India. With  over 45% market share, PhonePe's data is representative of the country's digital payment habits. Phonepe Launches Pulse, an interactive geospatial website PhonePe also launched the Pulse Report, an in-depth study on the evolution of digital payments over the past 5 years. The report also has rich insights about how digital payment adoption across India has evolved since 2016, and includes detailed geographical and category specific trends. The insights on the website and in the report have been drawn from two key sources - the entirety of PhonePe's transaction data combined with merchant and customer interviews. The report is available as a free download on the PhonePe Pulse website. This innovative new product is relevant to multiple ecosystem stakeholders including the government, policy makers, regulatory bodies, media, industry analysts, merchant partners, startups, academic institutions and students. The rich data set along with insightful trends and stories can be used by these partners to understand consumer and merchant behavior and identify new opportunities for growth. PhonePe Pulse is a first-of-its-kind product in India and is the culmination of months of research and collaboration by a cross-functional team which included Corporate Communications professionals, Business Analysts, Marketers, Designers, Writers, Engineering and Business teams from across the company. Speaking at the launch, Sameer Nigam, Founder and CEO of PhonePe said, "I am delighted to be launching the PhonePe Pulse website and report today. Pulse is our way of giving back to the digital payments ecosystem. When we started PhonePe five years back, we struggled to get reliable granular data on digital payments trends across the country. We had promised ourselves that if we are successful and gather enough data on our platform, we would open it for anyone who wants to get deeper insights on the Indian payments industry. We built PhonePe Pulse because we can, and crucially because we should help unlock opportunities for others to build in India." Rahul Chari, Co-founder and CTO of PhonePe added, "We strongly believe that a core contributor to our success has been our philosophy of building open platforms that allow all participants in the ecosystem to grow. We are an extremely data driven company with our data platforms and knowledge stores being at the core of a lot of systemic decisioning. PhonePe Pulse is an extension of our open platform approach to the information we have garnered at scale with the view of democratizing the access to this data for the benefit of other stakeholders in the ecosystem. The end product today is only the start and we hope others take the same approach to data sharing and transparency." Don't forget to visit: http://pulse.phonepe.com and download the Pulse report available on the website. About PhonePe: PhonePe is India's leading fintech platform with over 300 million registered users. Using PhonePe, users can send and receive money, recharge mobile, DTH, pay at stores, make utility payments, buy gold and make investments. PhonePe forayed into financial services in 2017 with the launch of Gold providing users with a safe and convenient option to buy 24-karat gold securely on its platform. PhonePe has since launched several Mutual Funds and Insurance products like tax-saving funds, liquid funds, international travel insurance and Corona Care, a dedicated insurance product for the COVID-19 pandemic among others. PhonePe also launched its Switch platform in 2018, and today its customers can place orders on over 600 apps directly from within the PhonePe mobile app. PhonePe is accepted at 20+ million merchant outlets across Bharat.   Media contact: Priya Patankar [email protected] [phone] Gayathri Chandrashekar  [email protected]  + 91-9980021787     Read the full article

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AETOS Rolls Out New Generation Account Management Mobile App

SYDNEY, Sept. 6, 2021 /PRNewswire/ -- AETOS Capital Group ("AETOS"), a global leading online FX and CFDs trading service provider, is pleased to announce the rollout of its new generation account management mobile application to investors worldwide. AETOS global customers are now able to take advantage of its newly launched account management App, experiencing a faster and more convenient way to manage investment portfolio while diving through global markets. Additionally, the custom designed business records functions offer AETOS global partners more flexibility to grow their business with the leading fintech trading broker. More plus functions are integrated into the new launched App "We have seen a great boost in new client business and daily trading volume on our platform since Covid-19 Pandemic. While most parts of the world are locked down, people also witness how the great turbulence shook the global market, and brought in huge potential for speculators. Investors come to us seeking a convenient pathway to global investments." Said the Chairman of AETOS Capital Group, "AETOS leadership is well demonstrated through our ability to provide the best-in-class trading service. After the new generation account management App launch, the exploration into digital innovations will continue to delight clients' trading experience with us." All is at your fingertips now The newly unveiled AETOS App marries the full service functionalities of clients' portal BizCentre and the convenience of mobile devices. Within the App, individual traders can easily complete account registration, check account balance, track portfolio performance, grasp AETOS exclusive education resources and trace new deposits progress. The built-in trading tools such as Autochartist and news feeds keep users updated with the latest market movements. Whenever support is needed, customer service can be easily reached within AETOS App. Furthermore, more plus functions are integrated into the institutional version, tailored specifically for AETOS global business partners. The concise design gives AETOS partners an at-a-glance view of their business records with AETOS. Together with multi-dimensional reports, those functions are sure to help partners further facilitate a better service to clients under the introducing business. Established in 2007, AETOS has been committed to ethically providing world-class online trading service. Today, with operating offices set up across the world top financial centres, AETOS cutting-edge trading platform serves as a global markets gateway for clients from more than 100 countries.   Visit AETOS official website https://www.aetoscg.com/en/AETOS-APP.html for more information about AETOS Capital Group. Scan to experience AETOS APP now     Read the full article

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FICO Survey: 3 in 5 Indonesian Consumers Will Abandon Long Online Banking Account Applications

The pandemic is driving a digital-first mindset around financial services JAKARTA, Indonesia, Sept. 7, 2021 /PRNewswire/ -- The pandemic is driving a digital-first mindset in Indonesia when it comes to opening banking accounts. Highlights  3 in 5 Indonesians expect to answer 10 questions or less or they will abandon an application 59 percent of consumers more likely to open an account digitally than a year ago 27 percent of Indonesians say financial institutions ask too many questions FICO's 2021 digital banking survey shows that people in the Indonesia expect a seamless banking experience when it comes to opening an account via a mobile app or website, with three in five expecting to answer 10 questions or less or they will abandon the process. One in four Indonesians will drop out if asked more than five questions.   "The pandemic is driving a digital-first mindset in the Indonesia with 59 percent of consumers more likely to open an account digitally than a year ago," said Aashish Sharma, senior director of decision management solutions for FICO in Asia Pacific. "The number of consumers who prefer to open bank accounts digitally has grown to 33 percent and continues to rise, which is significant in a country with a strong branch culture." More information: https://www.fico.com/en/solutions/account-opening Turning friction into momentum The survey revealed that consumer patience with account applications varied according to product. Indonesians had the highest expectations for completing applications in 10 questions or less, for savings accounts (67 percent), Buy Now Pay Later products (60 percent) and transaction accounts (60 percent). Interestingly this expectation was significantly higher than other countries in the survey. For instance, just 41 percent of UK consumers and 51 percent of Australian consumers expected to answer 10 questions or less when opening a transaction account. Overall Indonesian consumers want digital experiences that reduce friction and inconvenience. They expect their main bank to know them, 74 percent want to prove their identity online and 27 percent of Indonesians say that financial institutions ask too many questions. "Where there is friction there is opportunity, as the quote goes," said Sharma. "Either you solve it for your customers today, or a competitor will do it tomorrow. Consumers want banks to find answers to application questions through technology approaches such as improved identity checks, transaction history analysis, open banking and government databases." Mortgages deserve more scrutiny The survey showed that increased friction and security is deemed appropriate by consumers when it comes to applying and onboarding for specific high-value financial products. Despite relatively high levels of ease and confidence in applying for day-to-day online financial products such as current accounts, savings, loans and credit cards, more than half (61 percent) of customers polled expect greater rigor when it comes to mortgage applications. Research showed that just 26 percent of Indonesians would apply for a mortgage digitally, compared to the survey average of around one in three (34 percent). In all countries bar the USA and UK, in-branch openings are preferred to online methods. South Africa was a modest outlier with 43 percent of customers favoring online mortgage applications. A little over two in five Indonesians polled (43 percent) said they were willing to answer 11 to 20 or more questions when it came to applying online for a mortgage. Don't change the channel Indonesians who open an account digitally prefer to carry out the process entirely in their chosen channel, whether it be smartphone or website. If customers are asked to move out of channel to prove their identities, many of them will abandon the application, either giving up on opening an account completely or by going to a competitor. Of those who don't immediately abandon, up to an additional 18 percent will delay the process. The survey found that any disruption matters. Asking people to scan and email documents or use a separate identity portal causes almost as much application abandonment as asking them to visit branches or mail in documents. This survey was conducted in January 2021 by an independent research company adhering to research industry standards. 1,000 Indonesian adults were surveyed, along with 13,000 consumers in the USA, UK, Canada, South Africa, Australia, New Zealand, Malaysia, The Philippines, Vietnam, Thailand, Brazil, Colombia and Mexico. FICO is a registered trademark of Fair Isaac Corporation in the US and other countries. Photo - https://mma.prnasia.com/media2/1603098/id_fico.jpg?p=medium600    Logo - https://mma.prnasia.com/media2/450763/FICO_Logo.jpg?p=medium600 Related Links :https://www.fico.com Read the full article

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OneConnect Accelerates Strategic Growth with New "One Body and Two Wings" Five-year Strategy

SHENZHEN, China, Sept. 13, 2021 /PRNewswire/ -- On September 10, OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a leading technology-as-a-service platform for financial institutions and associate of Ping An Group, hosted an open day event with the theme, "Technology Creates Value through Expertise". During the event, OneConnect CEO and Chairman, Ye Wangchun officially unveiled the company's five-year strategy to fuel growth in the future. Mr. Ye highlighted that the development plan would place a core focus on strengthening the company's customer base, products and ecosystem. "At OneConnect, we are committed to building a world-leading financial services ecosystem in order to create more value for customers and shareholders. Our new five-year strategy will help usher in the next wave of digital financial development and build an industry-leading financial services ecosystem. We are fully confident in the company's development trajectory and believe that, with the accelerated implementation of our strategic five-year plan, OneConnect will capitalize on existing and new momentum during this transitional phase to add value and cultivate deeper loyalty with our customers," said Mr. Ye. Adhering to a long-term vision to build new momentum By 2024, the digital transformation market for China's financial service institutions is expected to exceed RMB 400 billion (approx. US$ 62 billion), while the market for Southeast Asia is projected to reach RMB 180 billion (approx. US$ 27.9 billion). In response to growing demand, OneConnect has engineered its "One Body and Two Wings" five-year plan to capture market potential by minimizing low-production business and optimizing its structure. The "one body" in OneConnect's strategic development plan refers to the digital transformation of financial services as the key driver to empower financial institutions to improve efficiency and services while reducing cost and risk. Meanwhile, the "two wings" refer to the establishment of government policy, as well as a corporate user ecosystem and the expansion of overseas markets. Empowered by technology, OneConnect seeks to help the financial services industry truly achieve digital transformation. Its latest five-year plan comes following its highly successful first phase between 2015 and 2020, during which the company laid a strong foundation in terms of customers, products and operations. This stage was focused on growing individual products to meet the business needs of financial institutions, in order to gain widespread coverage, adapt to different scenarios and needs, reduce onboarding time, and rapidly capture market share. This year, OneConnect is tapping into extensive insights on the digital needs of financial institutions, as well as its long-term partnerships over the past five years, to upgrade and integrate more than 50 individual products into four products with "horizontal integration and full coverage across verticals." These four products include digital retail finance, digital corporate finance, digital insurance, and its Gamma Platform. Four stages to create a leading financial services ecosystem By leveraging Ping An Group's three decades of extensive experience in the financial industry, OneConnect is able to accurately grasp the needs of financial institutions to provide end-to-end services for banking, insurance, investment, and other sectors. As a result, the company has reached a number of milestones over the past half-decade, including the establishment of a widespread and solid foundation of financial institutions and government-regulated customers, the creation of a diversified range of innovative products and solutions, and achievement of continued business performance. OneConnect has also consistently improved its position in the market and currently ranks fourth for revenue among listed financial software service providers. As the company looks forward to its second stage of growth in 2021 and beyond, it has divided its strategic development plan into four stages: capturing the market, cultivating a deep and lasting relationship with customers, expanding its ecosystem, and establishing global leadership in the financial services industry. During this stage, OneConnect will seek to accelerate conversion and focus on customer loyalty, gross product profit and third-party revenue, in order to rapidly and effectively improve its products, services, and operations. OneConnect has already grown its customer base significantly during the first phase of its development. At the end of 2020, the company had 594 high-quality customers and 160 premium Plus customers, which represents a growth rate of 64% and 63% respectively over the past three years. At the product level, the company has continued to diversify and innovate its product portfolio across five types of businesses, including implementation, risk control, operational support, cloud platforms, and operations and maintenance. The proportion of revenue generated from business development has increased 13% from the 39% achieved in 2018. Furthermore, revenue generated from new products, such as its Gamma Voice Platform, has been responsible for a third of the total revenue. On the operational side, overall performance trends show that OneConnect is improving its position compared to domestic competitors. From 2018 to 2020, the company recorded a 53% compound annual growth rate from its operating income and a 58% compound annual growth rate from third-party revenue, whilst reducing its net loss rate from -85% to -37%. At the same time, OneConnect has optimized the ratio of its sales and management expenses from 31% and 37% in 2018 to 16% and 22% in the first half of 2021. Revenue and gross profit have maintained double-digit year-on-year growth for multiple consecutive quarters. OneConnect has also continued to invest in the transformation of the technology-enabled financial services industry with continued investment in R&D. Its ratio of R&D expenses has remained at 30% over the past three years, which has enabled the continued enhancement and advancement of its products and services. As of the end of June 2021, OneConnect had accumulated 5,075 global patent applications, including 1,199 overseas patent applications and 3,876 domestic patent applications. Looking ahead, OneConnect will continue to advance its "technology and business" model with a focus on product upgrades, cultivating relationships with its customer base and building its ecosystem. Underpinned by the philosophy that "Technology Create Value through Expertise", OneConnect is well-placed to become an integral player in the development of the nation's digital economy. Read the full article

[culttoday]

Oraichain X Imba Games Studio - Traditional Gaming To Meet Advanced AI Blockchain Technology

SINGAPORE, Aug. 6, 2021 /PRNewswire/ -- Oraichain, the world's first AI-powered data oracle and ecosystem for blockchains, has announced a new strategic partnership with Imba Games Studio, a leading game development studio with over 14 million customers. Oraichain x Imba brings a new simulation game Kawaii Islands to life with advanced blockchain and innovative AI technologies. Available this August.   This incredible partnership marks Imba's venture into crypto space and Oraichain's first step to delivering its advanced technology to the world of GameFi - the gamification of financial mechanisms, including the emerging play-to-earn concept. Imba has been in the game industry for over 6 years and has produced several premium and enjoyable games that serve a wide variety of customers. Their most famous Kawaii series including Kawaii Home Design, Kawaii Mansion, and Kawaii Puzzle has more than 12M downloads on Google Play and App Store. Imba will be the first game development studio to rely on innovative Blockchain and on-chain AI technologies that Oraichain provides to assist their players with a more dynamic and advanced gaming model and increased transparency of game assets. A new simulation game, Kawaii Islands, will come to life out of this collaboration, promisingly embracing all the companies' high-quality and cutting-edge features. An exclusive NFT Marketplace for Kawaii Islands game assets will be on aiRight, a complete system for AI x NFT x DeFi powered by Oraichain.  Facilitating GameFi as an oracle, Oraichain provides Imba and future partners a complete set of AI Oracle features that enrich gaming experience, such as:  Verifiable random function (VRF): securing and verifying issuance of rare items or determination of rarity rates. NFT issuance and verification: minting and verifying NFTs for game assets with AI-based watermarking as origin proof. AI price feeds: updating real-time price and exchange rates for cryptocurrencies and NFTs. AI-based features: customizing AI models to enhance gaming experiences such as profile and character creation and strategy recommendation. Oraichain also acts as an L1 blockchain with high transaction throughput and low transaction fees and helps bridge assets to Ethereum, BSC, Cosmos-based, and Substrate-based networks. "Oraichain's advancements in on-chain AI and blockchain have created a perfect environment for GameFi. The potential is unbounded," said Oraichain CEO, Dr. Chung Dao, who will also be a strategic advisor of Kawaii Islands. Available soon on Kawaii Global, Google Play, and App Store.  Oraichain: Website | GitHub | Twitter | Telegram | Medium  | aiRight  | yAI.Finance Imba Games Studio: Website | Twitter | Youtube | Instagram | Discord  Oraichain [email protected] [phone]   Related Links :https://orai.io/ Read the full article

[culttoday]

OKEx lists Efinity's EFI, furthering support for NFTs following March listing of Enjin

VICTORIA, Seychelles, Aug. 9, 2021 /PRNewswire/ -- OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce the listing of Efinity'sEFI, the first paratoken on the Efinity network. EFI is specially designed to be the next-generation blockchain solution for NFTs. EFI deposits, withdrawals and spot trading for EFI/USDT are all now available on the OKEx platform. OKEx Efinity, launched by Enjin, is an NFT blockchain built on Polkadot, which aims to make the increasingly popular NFT marketplace accessible and scalable for its users. Enjin pioneered the development of NFT platforms in 2017 when they created the advanced ERC-1155 NFT standard. Announced back in March, Enjin was launched after an $18.9 million private sale. Designed to provide a seamless experience for the end-user, a special algorithm was set in place to enable the game-channel network to process transactions every six seconds, and it can scale up to 1,000 transactions per second. On the listing of Efinity, OKEx CEO Jay Hao commented: "We are extremely excited to be adding Efinity to our growing portfolio of tokens. As the NFT markets continue to gain momentum, we are pleased to see wider adoption of blockchain technology across mainstream activities, with gaming being one of the fastest-growing sectors." For more information, please visit here. About OKEx Founded in 2017, OKEx is one of the world's leading cryptocurrency spot and derivatives exchanges. OKEx has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, solutions and trading tools on the market. Trusted by more than 20 million users in over 180 regions across the globe, its mission is to empower every individual through the promotion and advancement of cryptocurrencies globally. In addition to the exchange, it serves its users with OKEx Insights, a research arm that is at the cutting edge of the latest trends in the cryptocurrency industry. With its extensive range of crypto products and services, its unwavering commitment to innovation, and its local operations to serve its users better, OKEx strives to eliminate financial barriers and realize a world of financial inclusion for all. Follow OKEx Twitter: https://twitter.com/OKEx Facebook: https://www.facebook.com/okexofficial/ LinkedIn: https://www.linkedin.com/company/okex/ Medium: https://medium.com/@OKEx Telegram group (English): https://t.me/OKExOfficial_English Read the full article

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USANA Brand Amassador Hidilyn Diaz Captures Historic Gold In Tokyo

USANA Athletes Earn 100 Podium Finishes, Lead in Gold SALT LAKE CITY, Aug. 10, 2021 /PRNewswire/ -- USANA, the Cellular Nutrition Company, proudly sponsors some of the most elite athletes and teams around the globe and is proud to congratulate its Brand Ambassador Hidilyn Diaz on capturing historic gold for the Philippines by becoming the first Filipino to win top honors at the Games. Diaz secured her first place finish in the women's 55kg weightlifting event with a total of 224kg that gave her a one point advantage over China's Liao Qiuyun. Her performance also set two new Olympic records in the clean and jerk and total weight lifted, respectively. Team USANA captured a total medal count of 100—44 gold, 35 silver and 21 bronze—and set 25 Olympic records and four world records "I don't know what to say," say's Diaz. "It's a dream come true. I just want to say that we Filipinos are strong. We Filipinos can compete here at the Olympics. We can do it. Please dream high. That's how I started. I dreamed high and finally, I was able to do it." Diaz was one of 265 USANA-affiliated athletes to compete at the delayed Games who represented 11 different countries— Australia, Canada, China, France, Indonesia, Korea, Malaysia, Mexico, Philippines, Spain and the United States. With the addition of Diaz's accolades, Team USANA captured a total medal count of 100—44 gold, 35 silver and 21 bronze—and set 25 Olympic records and four world records. NOTABLE HIGHLIGHTS USA Swimming rounded out competition with 30 podium appearances, five Olympic records and two world records. USA Wrestling locked in nine medals—the most in a single Games since 1984. USA Skateboarding made its Olympic debut and captured two bronze in the men's street and park events. French handballer Allison Pineau scored seven points over the Russian Olympic Committee to help secure gold. Spain's water polo player Anni Espar earned silver against the United States. Mexico's men's national football team won bronze, beating Japan 3-1. Korean judoka Wonjin Kim finished fourth in the men's 60kg event. Canadian sailor Sarah Douglas placed sixth overall in the women's laser radial competition—the highest finish for any female Canadian in the sport. Mexico's Dafne Navarro competed in the country's trampoline gymnastics debut, finishing eighth overall. "We congratulate all of our athletes and partners on their performances and applaud them on all of their accomplishments," says Dan Macuga, USANA chief communications and marketing officer. "We are honored to be a part of their teams and to be able to support their individual journey's. We look forward to seeing what they do next." More professional and Olympic athletes trust USANA than any other nutritional supplement in the world. To learn more about USANA and its award-winning supplements, visit USANA.com. Seven of USANA's Para athletes will look to continue the momentum as they kick things off in Tokyo on August 24 including 13-time champion swimmer, Jessica Long (United States), reigning judo champion, Lenia Ruvalcaba (Mexico) and current world recorder holder in the 100m T37, Nicholas Mayhugh (United States). *The mentioned athletes are either distributors or dedicated USANA product users who have received compensation and/or complimentary USANA products for their partnership with USANA. About USANA USANA (NYSE:USNA) prides itself in providing consumers the highest quality nutritional products in the world. From its award-winning supplements to its innovative Celavive skincare and new Active Nutrition line, USANA has proven for more than 25 years why it's a company you can trust. How about giving us a try? Shop at USANA.com or learn more at whatsupUSANA.com. Media Contact: Ashley Collins Executive Vice President of Marketing [phone] media(at)usanainc(dot)com  Related Links :http://www.usana.com Read the full article

[culttoday]

Introducing 'ENVOY Network'

ENVOY NFT Platform is Founded by an All-Star Board of Advisors & Partners Confirmed $2.5m Funding in First Round of Private Investment World's First NFT Release "Decentraboard" The First Ever NFT Curated Digital Billboard to be displayed in Times Square, New York Bringing premium NFT's by global artists and creatives including: AKON, Lost Frequencies, Marvel Producer Benjamin Jackendoff, Creative Director for Gaumont Alex Soto, Like Mike, Smokepurpp, Pablo Lucker and Bassjackers. LOS ANGELES, Aug. 12, 2021 /PRNewswire/ -- Launched today, ENVOY Network is a premium NFT (Non-Fungible Token) label that will bring in a new era of collectables for entertainment, music artists and brands globally. Artist image of “Decentraboard” the first NFT curated Billboard to be displayed in Times Square, New York, from ENVOY Network Dedicated to making NFT's accessible for everyone, ENVOY is the first NFT platform with every release offering both premium purchases, and unique 'community driven' NFT's to empower fans and give them access to their favourite artists' NFT's in ways never seen before. ENVOY's first NFT release "Decentraboard" comes two days later on August 14. It will be the first ever NFT curated digital billboard. Offering 1,040 unique opportunities to display artwork or brand on a digital billboard online in Times Square, New York for what will be an NFT history making moment. The NFT grants a rare 1/1040 art piece and publishing rights for artwork or brands to appear on "Decentraboard" all-year-round. More details of this NFT release can be viewed at www.decentraboard.com ENVOY Network has already locked in an initial round of investment for $2.5m and confirmed a powerful board of advisors including: Austin Kramer (former Head of Dance, Spotify), Miranda Huybers (Nvidia, Activision, Paul Doherty (AIA President and CEO, The Digit Group, Inc.), Marlon Flohr (Bassjackers) and Perry van de Mosselaar (CEO Smash the House). Investors include 3comma, Prometheus Labs, Solidity Ventures, Spark Digital Capital, Paribus, Kyros Ventures, Stakely.vc and Maven Capital. The advisors and partners of ENVOY Network will create thriving partnerships with selected artists, nurturing them on their creative journey in this new space. ENVOY has already confirmed a selection of initial NFT releases and will announce many more trailblazing collaborations in the coming months. Perry van de Mosselaar, CEO of Smash the House and partner in ENVOY Network said: "We have all seen the tremendous success and popularity for NFTs around the world and we want to now evolve this business further, giving more artists access to NFTs and more fans the chance to purchase them. "Through an amazing team of partners across tech, gaming, music and entertainment, we feel with ENVOY we have the ability to shake this business up and bring something new and never before seen to the industry." "In addition, through Smash the House, we will now provide every new dance artist that we sign with a new type of contract in which the release of ENVOY NFTs is included, and we will offer them the tools to help them do this." Smash the House is the record label of superstar DJ's Dimitri Vegas and Like Mike and have previously released tracks with: Paris Hilton, Gianluca Vacchi, Tinie Tempah, Vini Vici, Timmy Trumpet, Brody Jenner and Kim Loaiza. Bram Verstraeten, CEO of ENVOY Network said: "We are so happy with all of the great investors and advisors who came onboard to support ENVOY so quickly. It's a real honour to have them as a part of our global team. "We are truly dedicated to creating unique and accessible NFTs that will change up this business, so everyone around the world can collect their favourite fan art and be part of a global expanding community where everyone has a voice. "Creating meaningful premium quality projects is within our team's DNA. We are an experienced collective across different industries and bring this combined expertise to ENVOY." In addition, the company has partnered with major NFT/crypto company SuperFarm, to provide another level of accessibility for the fans worldwide, expanding and opening up ENVOY to their communities and vice versa. As a wider community perk ENVOY Network allow members to trade and collect unique community NFTs and gain rewards. Collectors and community members will be incentivized through an exciting rewards platform that unlocks real-life benefits and exclusive access to events. One of the flagship features is a collector's deck that can be filled with NFT community cards (included in each NFT project). To access ENVOY Network and its unique NFT releases, you need to pre-register at the platform at https://envoy.art to gain access, receive updates and advance notifications. Founder biographies, ENVOY Network logo, FAQ's on ENVOY Network and NFT's can be accessed here Information on the decentraboard can be accessed here ENVOY Network is a premium NFT label and platform founded in 2021 by a team of industry experts from global organisations including: Spotify, Smash The House and Activision. The community focussed platform enables fans to purchase and trade unique pieces from their favourite artists and celebrities without needing to be a crypto expert. ENVOY collaborates with renowned talent including: artists, actors, celebrities, influencers, festivals, publishers, e-sports companies and IP owners to create impactful NFT's. For more information, visit https://www.envoy.art Photo - https://mma.prnasia.com/media2/1593156/decentraboard.jpg?p=medium600 Read the full article

[culttoday]

VeChain Is Targeting The Multi-billion Dollar Chinese Pet Food Traceability Market Using Industry Leading Blockchain Technology

SHANGHAI, Aug. 13, 2021 /PRNewswire/ -- Against the overall market downturn from the global pandemic, China's pet food industry bucked the trend with notable growth. It was valued at USD 1.082 billion in 2020, and it is projected to reach USD 1.4749 billion in 2026. Despite the surging expansion, the pet food market in China is not mature enough. VeChain Is Targeting The Multi-billion Dollar Chinese Pet Food Traceability Market Using Industry Leading Blockchain Technology Without unified industry standards, in particular food quality standards, low-quality and counterfeiting pet foods are still prevalent in the market. The choices of pet foods in the Chinese market have become a tug-of-war between pet owners, brands, press news and social media. This opens up an opportunity for problem solvers. Blockchain technology enables accurate traceability of ingredients, allowing pet food manufacturers to solve biosecurity problems and quickly bring health concerns about pet food safety under control. VeChain Technology Confirms Transparency By Traceability Through immutable provenance technology, blockchain provides proof of pet food ingredient claims and quality by essentially telling a brand's story in a trustless manner that is unable to be replicated by any other solution in the market. VeChain, the world's leading public blockchain provider aims to revolutionize pet food traceability, safety and marketing by providing multiple layers of benefits through its full services across the entire lifecycle of the supply chain, including: Proof Of Origin: Uploading the source of pet food and import certificate on the blockchain to ensure the integrity of the product and presenting it to the customers through digital marketing, making product claims like "imported salmon" and "American original" far more convincing than before. Proof Of Ingredients: Blockchain can validate the usage of high-quality ingredients in products. For example, companies focusing on healthy and organic foods can show off their ingredients used and manufacturing process in a transparent manner. It can also prove the manufacturer's quality claims, such as sustainability efforts and membership of AAFCO. Traceability Of Entire Value Chain: Blockchain connects the supply chain and traces the source of each ingredient, behavior of the people involved during the entire process, and more. As a result, blockchain can not only increase efficiency of a company's internal supply chain, but also potentially prevent damages to a company's reputation during recalls, as increased traceability data enable companies and authorities to quickly track and trace problematic batches of products, significantly increasing consumer trust and safety. New Marketing Tool In Chinese Market: Data On the Blockchain In a growing market like China, there is both a regulatory push and consumer interest in knowing more about the pet food manufacturing process, including the ingredients used and whether they were imported. Data stored on the blockchain provides another marketing pitch. With blockchain technology, pet owners can trust ingredient listings are accurate because pet food recipes and the ingredients used have been stored on the blockchain. The company that is able to provide the actual content or weights of individual ingredients will be establishing a higher degree of goodwill and reputation by proving that their products are truly nutritionally balanced, safe, and environmentally conscious for their pets. Already, VeChain has engaged with multiple companies in the pet food industry, and many of them have expressed interest in blockchain technology to solve the aforementioned problems and pain points. By leveraging the data visualization module of  VeChain ToolChainTM, business owners can easily access the benefits of blockchain and implement blockchain in a lead time as short as a few days or weeks. The market-ready product is able to be integrated in established SCM and CRM systems, and can efficiently improve the efficiency, traceability, and transparency of supply chains while lowering costs and giving individual users greater control. It is a win-win solution for the entire industry for both manufacturers and consumers. About VeChain Launched in 2015, VeChain Technology is a global leading enterprise-friendly blockchain company which aims to connect blockchain technology to the real world by providing enterprises with blockchain-enabled solutions suited to their business needs. It offers VeChain ToolChainTM, a low-code blockchain-based SaaS platform that allows enterprise clients to rapidly build and drive digital transformation on a global scale, enabling the evolution of a trust-free and a distributed ecosystem. VeChain Technology is a pioneer of real-world blockchain applications, with international offices in China, Singapore, Luxembourg, Japan, France, Italy and the United States. With strong independent development capabilities, combined with the professional compliance guidance of our strategic partners, PwC and DNV, VeChain has established partnerships with many leading enterprises in various industries, including Walmart China, Bayer China, BMW Group, BYD Auto, PICC, Shanghai Gas, LVMH, D.I.G, ASI Group etc. Website:www.vechain.com  Photo - https://mma.prnasia.com/media2/1594069/vechain_pet_food.jpg?p=medium600  Logo - https://mma.prnasia.com/media2/738221/VeChain_Logo.jpg?p=medium600  Related Links :https://www.vechain.com Read the full article

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DeHorizon Foundation is to initiate DeVerse, Blockchain-based MMO/RPG Metaverse, making "Play for fun and to earn" into reality

SAN FRANCISCO, Aug. 14, 2021 /PRNewswire/ -- DeHorizon Foundation is to initiate DeVerse which is a blockchain-based MMO/RPG Metaverse game built on Binacne Smart Chain. The long-term vision of DeHorizon Foundation is to create a Metaverse world that is open, free, and dominated by players. DeVerse: a blockchain-based MMO/RPG Metaverse game The appearance of GameFi does make great influence on the traditional gaming and blockchain industry as play-to-earn temporarily becomes a global trend. DeHorizon Foundation thinks it is a breakthrough for the traditional gaming industry as well as an opportunity for the blockchain industry to embrace new traffic. However, a common phenomenon in GameFi is that most blockchain games ignore the importance of playability. DeHorizon Foundation firmly believes that blockchain games should not only be "play to earn," but should also be for fun as well. That is why DeVerse was created. DeVerse: the next generation of Metaverse blockchain game As the barbarous version of a high fantasy action-adventure game, DeVerse provides five playable hero characters and six striking game scenes for players.There will be epic battles, heroic quests, and opportunities to tame wild creatures along with NFT mints of monsters and more.  DeHorizon Foundation aims to provide players with a peak gaming experience while allowing players to have the opportunity to become the grand master in the game. Via the in-game currency $DEVT, players are able to mint monsters, start the yield farming, place bets for tournaments, buy blind boxes and much more. $DEVT can also be attributed to players as in-game rewards. For example, there will be weekly tournaments and the top 10 players can win the reward pool.  The first game scene, DeMining will be live in November 2021. Economic model The total supply of $DEVT is 300 million. Out of that, 60% is used inside the Platform, 35% is for Yield Farming and 25% as Game Currency. 15% of the remaining is for token sales, 10% for Private Sales and 5% for Angel Rounds. Contributors and Partners share 5% each and the team has another 15%.  The main utility of $DEVT is for the in-game trade. DeHorizon X Binance NFT Marketplace A big announcement has been issued in the Medium is that DeVerse Privilege Pre-sale will be live on Binance NFT Marketplace from 11:00 on August 16th, 2021 (UTC) — 23:59 on August 22nd, 2021 (UTC).  It is the first time for players to get DeVerse NFT items such as limited hero batches, one of one pre-mining pass and two types of exclusive VIP pass. Let's take a deep dive into the DeHorizon universe. To know more about DeHorizon, visit: - Website: http://www.dehorizon.fun  - Twitter: https://twitter.com/DeHorizonfun  - Telegram: https://t.me/joinchat/EyeEHdGuyD8zYjk5  - Discord: https://discord.gg/KUDsntqvzc  - Medium: https://medium.com/@DeHorizon Read the full article