MemeCore Foundation Announces a $50,000 Donation Initiative to Support Charitable Causes

MemeCore Foundation Announces a $50,000 Donation Initiative to Support Charitable Causes

MemeCore, a pioneering force in the meme coin ecosystem, is thrilled to announce a significant charitable initiative, uniting various meme coin communities to donate a total of $50,000. This initiative underscores MemeCore’s commitment to leveraging the power of blockchain technology and meme coin communities for social good.

The donation initiative is structured to maximize impact and community involvement. Half of the total donation amount, equating to $25,000, will be distributed by the end of October 2024. These funds will be directed towards either an animal shelter or victims of Hurricane Helene, with the final decision being made based on community input. The remaining $25,000 will be sourced from MemeCore’s innovative “Mine to Earn” staking pool. This amount will be unlocked and donated on January 1, 2025, to charitable organizations selected by the community.

Several prominent meme coin projects from the current times to the previous bull market are participating in this initiative. WHY, one of the largest meme coins on the BNB Chain with a market cap exceeding $100 million, has been a prominent participant in Binance Blockchain Week, showcasing its commitment to innovation and community engagement. FOUR, originating from a popular meme associated with Changpeng Zhao, has been recognized as an innovative meme coin on the BNB Chain, contributing to the vibrant meme coin culture. PITBULL, a community-driven, dog-themed meme coin on the BNB Chain, is one of the first that rewards its investors through a unique auto-staking mechanism, fostering a strong and engaged community. HANA, operating on the Ethereum Blockchain, has previously collaborated donated $15,000 to victims of Hurricane Helene, demonstrating its dedication to humanitarian efforts. FEG, with a robust community of over 400,000 followers across social channels, with its peak of around $4 billion market capitalization is a cross-chain meme coin available on leading blockchains such as BNB Chain, BASE, and ETH, exemplifying the power of community-driven initiatives.

MemeCore’s Pre-staking program is designed to provide users with an immersive experience of its staking services. Participants earn M points as rewards, which can be converted into M tokens upon the conclusion of the pre-staking period. The program supports a variety of stackable tokens, including DOGE, PEPE, SHIB, and more. To celebrate this initiative, MemeCore is hosting a $1 million Prize Pool Event to further incentivize participation and engagement within the community. More details can be found on the website.

This is not MemeCore’s first foray into charitable giving. Inspired by NEIRO and Anndy Lian’s previous donation efforts for Hurricane Helen victims, MemeCore has previously donated $10,000 worth of tokens, setting a precedent for its ongoing commitment to philanthropy.

Anndy Lian, Managing Director of MemeCore’s LIFT Ecofund, stated, “We believe in the transformative power of community and blockchain technology. By uniting meme coin communities, we can make a significant impact and support those in need. This initiative is a testament to our commitment to fostering a decentralized future that is inclusive, innovative, and compassionate.”

MemeCore is an EVM-based Layer 1 multi-chain cross-staking blockchain, secured by the unique Proof of Meme (PoM) consensus mechanism. The layer 1 is designed for meme coins and aims to create a dynamic playground for meme communities within the blockchain ecosystem. MemeCore’s mission is to foster a “memeable” space that encourages creativity, inclusiveness, and innovation, benefiting the meme coin community through its distinctive PoM consensus.

MemeCore invites all meme coin enthusiasts and community members to join this noble cause and contribute to making a positive impact on society. Together, communities can harness the power of memes and blockchain technology to create a better world.

About MemeCore

MemeCore Foundation, a non-profit, organization that created the MemeCore blockchain, an EVM based, multi-chain cross-staking L1 secured by Proof of Meme (PoM). LIFT up the Fun! $M

 

Source: https://www.macaubusiness.com/memecore-foundation-announces-a-50000-donation-initiative-to-support-charitable-causes/

 

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Coinbase Announces New Wrapped Bitcoin cbBTC on Base Network

Coinbase Announces New Wrapped Bitcoin cbBTC on Base Network

Coinbase has announced plans to launch cbBTC, a wrapped version of Bitcoin, on its Base network. Although the details are not yet disclosed, this move aims to expand Coinbase’s tokenized asset offerings and potentially reshape the landscape of wrapped Bitcoin.

As demand for tokenized Bitcoin on Ethereum-compatible chains grows, Coinbase’s entry into this space could significantly impact market dynamics. Coinbase previously launched cbETH, a wrapped Ethereum token, in August 2022. With a circulating supply of about 210,000, cbETH has seen substantial adoption.

Jesse Pollak, the lead developer on Base, expressed enthusiasm for Bitcoin’s potential on Coinbase’s layer-2 network, stating: “I love bitcoin, am so grateful for it’s role kickstarting crypto, and we’re going to build a massive bitcoin economy on @base.”

Anndy Lian, a blockchain expert, views cbBTC as a chance for Coinbase to offer a transparent alternative to Wrapped Bitcoin (WBTC), especially amid concerns about Justin Sun’s involvement. BitGo, behind WBTC, recently partnered with BiT Global, linked to Sun, prompting him to clarify his strategic role without control over WBTC reserves. WBTC is currently the largest wrapped Bitcoin asset, boasting a market capitalization of $9 billion.

 

Source: https://finance.yahoo.com/news/coinbase-announces-wrapped-bitcoin-cbbtc-071011161.html

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Backpack surpasses $1B in 24-hour volume, announces Banxa partnership

Backpack surpasses $1B in 24-hour volume, announces Banxa partnership

Cryptocurrency exchange Backpack has partnered with global crypto on-ramp provider Banxa for a digital asset on- and off-ramp solution.

Backpack users in over 130 countries will be able to use the new on-ramp solution, according to Banxa’s Feb. 19  announcement on X. Backpack Exchange was launched by the creators of Solana’s Mad Lads executable nonfungible token (NFT) collection.

The partnership is viewed as a positive step for Backpack users and the exchange’s user experience, according to Anndy Lian, intergovernmental blockchain expert and author of the book NFT: From Zero to Hero. He told Cointelegraph:

“[The partnership] enables Backpack users to easily buy and sell crypto with fiat currencies using various payment methods, such as credit cards, bank transfers, and e-wallets. This will help increase the adoption and liquidity of Backpack and its supported tokens.”

The announcement came after Backpack surpassed $1 billion in 24-hour trading volume on Feb. 18, within four days of the launch of its trading pre-season. Backpack surpassed $300 million in daily trading volume within 24 hours on Feb. 15

Following the rapidly growing trading volume, Armani Ferrante, the founder and CEO of Backpack, took to X to caution against potential overexcitement by traders that could cause them to execute losing trades.

“This is a long-term program for our long-term users, and I’d like to encourage people to trade responsibly. We have *a lot* to build, and the pre-season just got started.”

Backpack Exchange received a virtual asset service provider license from the Dubai Virtual Assets Regulatory Authority in October 2023. The exchange bagged many other operational licenses across several jurisdictions worldwide in the last half of 2023.

Backpack’s SOL/USD pair leads global trading volume

Backpack’s SOL/USDC trading pair is currently the most traded Solana spot trading pair in the world, with over $890 million in 24-hour trading volume. Binance’s SOL/USDT is in second place with $362 million in 24-hour volume, followed by Bybit’s $13.7 million SOL/USDC pair in third.

SOL rose 1.71% in the 24 hours leading up to 10:25 am Central European Time to trade at $112.25, according to CoinMarketCap data. SOL remains the fifth-largest cryptocurrency by market cap after temporarily overtaking Binance’s BNB token on Feb. 13.

 

Source: https://cointelegraph.com/news/backpack-1-billion-24-hour-volume

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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