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How STACKD Finance Services Make DeFi Safer for Everyone

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How STACKD Finance Services Make DeFi Safer for Everyone

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Decentralized Finance (DeFi) represents the financial, blockchain-based world of tomorrow. Future generations will leave the traditional financial system behind and use dApps, tokens, and other digital innovations for economic purposes.

However, DeFi is still in its infant stage, leaving room for scams, money laundering, and other criminal activities. Without secure solutions and educational services, DeFi could become more of a risky venture than an enriching opportunity for individuals and businesses.

Here is where STACKD Finance steps in, to help develop DeFi into a safer, more transparent, and sustainable economic environment. Read on to discover its vision, utilities, and services!

What is STACKD Finance?

STACKD Finance is a project seeking to take the DeFi industry to a new level. Its cryptocurrency ecosystem aims to provide an ultimate standard of trust and security by offering various services to tokens and individuals and by helping to bridge fiat and DeFi. This way, STACKD can make DeFi safer for individuals and projects new to the cryptocurrency sphere, DeFi and the blockchain-based economy.

The STACKD organization consists of high-level executives, team members, and business advisors who are doxxed and have passed KYC with InterFi. STACKD is built on a four-pillared philosophy, using honesty, integrity, community, and collaboration to reshape DeFi into a safer, more sustainable, and productive environment.

The project provides educational opportunities, advanced utilities, and tools to support users in developing generational wealth through cryptocurrency and decentralized finance. STACKD Finance also provides services to help tokens and individuals navigate the DeFi space in a safer way than previously possible.

STACKD Finance will feature a proprietary deflationary token to ensure the project’s security and longevity. Token buying and selling will include a 20% tax, redistributing 15% of it as BUSD rewards for token holders. This means that 75% of the total tax will return to the STACKD community. The rest of the tax will go towards marketing, staking rewards, buyback + burns, team tokens and liquidity.

STACKD will not limit wallet holdings, or buy limits. Nor will they charge a transfer tax.


They will, however, protect smaller holders by setting a maximum sell of 0.2% per transaction.

STACKD Finance has an extensive roadmap comprising ambitious milestones for the next two years and beyond. For instance, the project aims to launch its token, list it on crypto exchanges, and develop various utilities within its DeFi ecosystem.


Furthermore, STACKED intends to expand its team, establish a philanthropic fund allocation, and join the Metaverse by Q2 of 2023.

STACKD Finance Services

Setting a new example of excellence in DeFi is impossible without innovative tools and utilities. Here are some STACKD Finance services that will help them reach that goal.

STACKD AVS – Advanced Verification Services





​​‘KYC’ stands for ‘Know your Customer’ and is a level of verification suitable for customers of business. The team at STACKD Finance believe that the current KYC processes used within DeFi are inadequate to verify the identity of people who lead cryptocurrency tokens and potentially multi million dollar projects, and who have control over the finances of their investors.

AVS aims to set the new standard of ID verification in cryptocurrency for individuals and projects. STACKD AVS will verify the identity of a person to a much higher standard than a typical KYC process, and the advanced STACKD AVS Gold will verify not just the identity of the person, but also conduct additional checks to verify that they are a fit and proper person to run a crypto project.

STACKD AVS Platinum is for crypto tokens and projects, and will verify the identity and suitability of the team leaders, as well as carrying out an independent assessment of the project as a whole, providing potential investors with further peace of mind that a project has been vetted by a trusted third party.

In the event of an individual/project being issued with AVS certification and then subsequently being involved in a ‘Rug Pull’ or ‘Scam’, STACKD Finance will proactively provide the individual’s details to the authorities in the relevant location and will cooperate fully with any criminal proceedings initiated against the relevant individual/project.

STACKD Legal & Compliance

This service helps other token-based projects to develop their businesses, using the STACKD vision and philosophy and aiming to make DeFi safer for everyone. STACKD’s Chief Legal Officer, Rach, will lead the Legal & Compliance Division and offer services to tokens at all stages of their development.

This division will work hand-in-hand with the AVS Division to ensure clients receive full-service utilities and help their projects to grow securely. For instance, projects can apply for:

  • Advice about legislative requirements in a jurisdiction
  • Project management of the establishment and registration of crypto companies
  • Advice on how to start a token
  • Advice on privacy issues
  • Assistance with compliance with privacy legislation and storage of investor data
  • Drafting website terms and conditions and privacy policies
  • Risk mitigation advice
  • Drafting and advising on contracts and arrangements (including Partnership Agreements and other contracts)

Currently, the STACKD team is developing various compliance utilities and additional compliance services according to its vision.

STACKD Finance will make its Legal & Compliance services available to all coins and tokens. This way, they will be ready for the imminent regulations in the cryptocurrency space.

Final Thoughts

STACKD Finance is one of the latest projects to surface in DeFi with a uniquely positive approach to this environment. Its transparent philosophy and its practical services will help and inspire other projects to build a safer financial ecosystem for everyone within DeFi. While the project is still in its development stages, it is only 1 week from launch and has already announced several partnerships and its AVS and Legal & Compliance services.

STACKD has built a huge organic community who love receiving the information STACKD consistently releases about its services, tools, partnerships and utilities. We will follow its evolution closely and see how fast STACKD will reach the many goals in its extensive roadmap.

Meanwhile, for more information about STACKD Finance, please follow the links below:

| Website | Twitter | Instagram| Discord| Telegram|


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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

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Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard's Assets

The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts.

Embezzlement Investigation and Asset Freeze

The Seoul Metropolitan Police Agency’s Cybercrime ​​Investigation Unit announced Monday that it has launched an investigation into possible embezzlement by an employee of Terraform Labs, local media reported.

An official from the Seoul Metropolitan Police Agency was quoted by Chosun as saying:

We have received information that there is a person suspected of embezzling corporate funds who is believed to be an employee of Terraform Labs.

The police received reports of the alleged embezzlement in the middle of this month and have been looking into the case. As part of the investigation, the police plan to check the details of cash and crypto transactions of Terraform Labs and the Luna Foundation Guard (LFG).

The police explained that there is evidence that embezzled funds had flowed into the Luna Foundation Guard’s accounts. The cybercrime unit has therefore requested major domestic cryptocurrency exchanges, such as Upbit and Bithumb, to “urgently” freeze the accounts belonging to the Luna Foundation Guard to prevent withdrawals of funds held at crypto exchanges.

However, the police’s freeze request is not a compulsory matter according to Korean laws and regulations but a matter that needs to be arbitrarily performed by each crypto exchange. Therefore, it has not been confirmed whether the freeze requests have been carried out, the publication conveyed.

Cryptocurrency terra (LUNA) and stablecoin terrausd (UST) collapsed earlier this month after UST lost its peg to the U.S. dollar.

Following the collapse, the Korean government launched an emergency investigation into the two coins and met with representatives of the country’s top crypto exchanges to discuss measures to prevent similar incidents from happening.

Last week, a number of victims filed a lawsuit against Terraform Labs CEO Kwon Do-hyung (aka Do Kwon) with the Seoul Southern District Prosecutors Office on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes (fraud) and the Act on the Regulation of Similar Receipts.

In addition, Do Kwon dissolved Terraform Labs Korea days before the collapse of LUNA and UST. While many suspected foul play, Kwon claimed that the timing was just “coincidental.” He also claims that his company does not owe the Korean government any taxes.

What do you think about this case? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Registration For The Upcoming VERSE Token By Bitcoin․com Is Now Open

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Registration For The Upcoming VERSE Token By Bitcoin․com Is Now Open

press release

Registrations are now open for the VERSE token sale, which will begin in the later part of June 2022. Interested parties who register can participate in the token sale immediately upon launch.

Miami, Florida – May 23rd, 2022 – VERSE is the rewards and utility token distributed to holders who participate in the Bitcoin.com ecosystem. Bitcoin.com is a global leader in introducing newcomers to cryptocurrency and is the go-to platform for educational resources, news, and more. Bitcoin.com’s ecosystem includes 30 million wallets and more than five million monthly active users across various products and services.

The VERSE token will reward users who engage in buying, selling, spending, swapping, and staying informed about cryptocurrency. Rewards will be allocated by interacting with the Verse DEX, staking VERSE, cashback paid in VERSE, and using VERSE as collateral in various lending pools. Additionally, token holders will receive access to exclusive products and services.

VERSE is a cross-chain token using the ERC-20 token standard on the Ethereum blockchain. The Verse team will actively explore opportunities to expand the token into low-fee Ethereum Virtual Machine-compatible networks to provide an optimal user experience.

The VERSE supply is fixed at 210 billion tokens, distributed over seven years through a block-to-block approach. A further breakdown looks as follows:

  • 10% sold during Sale A (completed in May 2022)
  • 6% being sold during Sale B (coming in June 2022)
  • 15% allocated to the team
  • 35% set aside for ecosystem incentives
  • 34% will be used for funding future development of Verse and its ecosystem

The first token sale raised $33.6 million last month from notable market participants such as Blockchain.com, KuCoin, and Digital Strategies along with thought leaders like Roger Ver, Jihan Wu, and David Wachsman.

“We were honored to see such outspoken support during our first token sale round. Furthermore, we could not be more excited about bringing our second token sale to the public and providing more people with access to VERSE. This new utility token marks a crucial milestone for the Bitcoin.com ecosystem. It will enable us to enhance the mainstream appeal of cryptocurrency and blockchain through our buy/sell services, news coverage, and educational tools” said Dennis Jarvis, CEO Bitcoin.com.

To participate in the upcoming VERSE token sale, interested parties need to register on the Verse website. They will be the first to know when the VERSE token sale is live.

Registrants need an Ethereum wallet – such as the Bitcoin.com Wallet – to receive the VERSE tokens. Payment for the token sale is possible with Bitcoin, Bitcoin Cash, Ethereum, USDT, and USDC.

The Verse community already counts over twenty-five thousand participants combined across Telegram and Discord. VERSE tokens will be minted following the conclusion of the Verse public sale in July.

The VERSE token sale is not available to U.S. purchasers.

Bitcoin.com

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam

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Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam

South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsuspecting people, including pensioners, to invest in a cryptocurrency scam. More than 100 people are believed to have fallen victim to promises of very high returns to investors in the bitcoin investment scheme.

300% Return on Investment

The South African state broadcaster recently suspended one of its radio presenters, Sebasa Mogale, after a media exposé suggested he may have been part of a cryptocurrency scam outfit that reportedly promised a 300% return on investment.

The decision to suspend the popular broadcaster, who also plays a role in South Africa’s popular television series Skeem Saam, was made after an investigative report by the media outlet Carte Blanche identified him as one of the masterminds behind the scam that allegedly fleeced more than 100 people.

Reports of Mogale’s suspension were confirmed by Gugu Ntuli, the South African Broadcasting Corporation (SABC) group executive responsible for corporate affairs and marketing. In a statement, the executive said:

Thobela FM has taken a decision to unschedule Sebasa Mogale, (Ntshirogele) Afternoon Drive presenter, following the Carte Blanche exposé. Mr Mogale is being afforded an opportunity to resolve the issues raised in the recent broadcast which pertain to his personal business dealings involving cryptocurrency.

Ntuli added that the SABC will “leave no stone unturned” in its own probe into Mogale’s role in the scam.

A Confidence Trickster

According to an exposé by Carte Blanche, Mogale had used his celebrity status to lure some listeners of his radio show to invest. The media outlet’s report said investors with no training in personal finance management had “cashed in their pensions and savings policies.” However, in the end, Mogale’s promises turned out to be empty.

“But for at least 140 people the man they trusted to guide them through the crypto maze appears to have been little more than a confidence trickster,” reads part of Carte Blanche’s summary of the exposé.

Following news of Mogale’s suspension, some of the victims of the scam have come forward to reveal their losses. Sello Bonoko is quoted in another report explaining he became a victim after he listened to Mogale’s bitcoin investment pitch that “sounded convincing.” He also said he trusted Mogale’s promises primarily because these were made on national radio. Bonoko said he lost more than $14,500 (R230,000).

Meanwhile, a spokesman for the South African police is quoted in the report telling Mogale’s victims to file reports with law enforcement. He said the police can only act after formally receiving the complaints.

What are your thoughts on this story? Tell us what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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