Tokenization

MNT Token Supply Surge on Exchanges Signals Profit-Taking Activity

Tuesday. July 23 at 11:30 PM

1 min. read

The token MNT, which fuels the Layer 2 stack Mantle for Ethereum, has seen an increase in supply on crypto exchanges recently. This rise comes as holders look to capitalize on the token's price surge. Currently trading at $0.89 with an 18% increase in the past week, MNT holders are distributing their tokens for profit, leading to a higher supply on exchanges. Data from Santiment shows that 321 million MNT tokens, valued at $286 million, are held on exchanges. The uptrend in supply suggests a bearish sentiment as holders prepare to sell. Profitable transactions have incentivized holders to sell, potentially causing a price drop to $0.80 or even $0.50 if selling continues. Conversely, increased accumulation could push MNT's price to $0.93. This analysis serves as information only, not financial advice.

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Student Coin Initiates Token Redemption Process

Wednesday. October 30 at 4:30 AM

Student Coin, an educational crypto project founded in 2019, has started a structured token redemption process to safeguard STC token holders' interests. Originally created by students from Kozminski University in Poland, Student Coin aimed to explore blockchain applications in academia. Despite reaching over 200,000 users globally and introducing products like the STC Wallet and STC Terminal, the project faced challenges such as legal risks and exchange collapses. Consequently, the team decided to wind down operations and redeem STC tokens at prices ranging from $0.006 to $0.0137 per token. The redemption program, which began in April 2024, allows users to redeem tokens until April 2029. Users transferring tokens to a burn address can expect a three-month processing time to receive USDC. Student Coin plans to support the community through the redemption process and explore new ventures in the crypto media sector.

Tokenization

Tokenization Collaborations in Hong Kong

Tuesday. October 29 at 12:30 PM

The Hong Kong Monetary Authority (HKMA) has expanded its tokenization-focused Project Ensemble through new partnerships. Project Ensemble is now connected with the Central Bank of Brazil’s (CBB) Drex pilot project and the Bank of Thailand’s (BOT) Project San. The CBB recently launched the second phase of its Drex central bank digital currency (CBDC) pilot program and is exploring tokenization further. Cross-border payment and trade finance use cases will be tested between Hong Kong and Brazil. The HKMA will also conduct PvP and DvP settlements with the BOT, focusing on trade payments and carbon credits. The HKMA's Project Ensemble, which aims to develop wholesale CBDC for tokenization, involves key players like Bank of China (Hong Kong), HSBC, and Microsoft Hong Kong. Prior to this, the HKMA issued guidance to address tokenization regulation gaps and collaborated with the French central bank. Overall, these collaborations signify significant progress in the tokenization landscape in Hong Kong.

Tokenization

PropiChain Token Presale: A Game-Changer for Investors

Monday. October 28 at 3:00 PM

PropiChain's token presale is gaining attention as a standout opportunity in the market. Offering potential portfolio growth of 800%, this presale appeals to serious investors seeking scalability and sustainability. PCHAIN's token is priced below market value, providing early participants with significant gains. The carefully planned tokenomics, including RWA tokenization and AI solutions, contribute to the projected 800% growth. With 25% of tokens allocated to public presales and a vesting schedule for stability, PropiChain ensures a balanced approach to liquidity. The integration of RWA tokenization and AI technology sets PropiChain apart, offering fractional real estate ownership and advanced investment insights. This unique blend of blockchain, AI, and real-world assets positions PropiChain as a promising investment for both short-term gains and long-term growth. Don't miss out on this opportunity to join the token presale and secure your stake today.

Tokenization

Tokenizing Turkey's Boron Market with Tether's Proposal

Friday. October 25 at 5:00 AM

Stablecoin issuer Tether has suggested a groundbreaking plan to Turkey by introducing digital tokens backed by boron, a mineral that Turkey dominates with over 70% of global reserves. Boron, crucial in various industries, is a key asset for Turkey's economy, with projected sales of $1.3 billion next year. Tether's idea aims to create digital representations of boron for trading on blockchain platforms, offering a modern alternative to traditional commodity trading. This initiative could potentially enhance liquidity and transparency in traditionally illiquid markets. While Turkish officials are intrigued by the proposal, they acknowledge the need to address technical and regulatory challenges. Tether also considers establishing a digital asset exchange in Istanbul to facilitate trading of boron-backed tokens. However, implementing such a system requires a solid regulatory framework, technological infrastructure, and investor trust. Tokenizing commodities like boron reflects the increasing trend of bringing real-world assets onto digital platforms for easier trading and fractional ownership. Despite the benefits, challenges such as market volatility and regulatory hurdles must be overcome for the long-term success of boron-backed tokens in Turkey's economy.

Tokenization