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NFT Crackdown: NFT Market Facing SEC Probe
The United States Securities and Exchange Commission (SEC) is officially involved in an active investigation as a result of an increase in cyber scams tied to well-known NFT marketplaces and the overall industry. The market may come off the heat as a result of the bullish move by US lawmakers. Walk The Talk The US [...]
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Ignite secures $10M of funding
Ignite Tournaments secured a total of $10 million in funding from strategic investors to…
The post Ignite secures $10M of funding appeared first on Coin Journal.
Jordan Belfort Joins OneTo11 Blockchain Gaming Ecosystem as an Investor
PRESS RELEASE. SINGAPORE, March. 3, 2022 / DN News Desk / — Jordan Belfort, also known as the Wolf of Wall Street, has joined the pioneering blockchain gaming platform OneTo11 as an investor. He joins several other big names such as Maximus Capital, Jason Stone, and Carl Runefelt. OneTo11 raised a total of $2.5 Million […] Megatech Acquires $113M Renewable Energy Project to Strengthen MGT Token Value Proposition with Migration to BSC and Rebrand
The project stands as fully-developed and compliant with all legislative requirements. It is also signed off by all applicable authorities, including the national energy supplier, Eskom.
The acquisition goes beyond the expectations of its initial roadmap, further increasing value to its token holders in the long run. Likewise, it aims to utilise the MGT token for P2P green renewable energy trade among consumers. Soon to come are Green MGT Megaverse and carbon credit-backed NFTs.
The Beta project value stands at $113 million, encompassing a 60-megawatt farm and a 100-megawatt world-class storage technology. The move increases profitability with the opportunity to sell green energy at peak rates, blue chipping listed parties who previously signed the project for kick-off.
The project approximates its profits at $624.568 million in the next 20 years from selling green energy and trading carbon credits. Moreover, it will be battling carbonization and reducing the carbon footprint of large energy consumers.
How the Project Will Bring More Value to Token Holders
The project will dedicate 40% of its profits to the custodian company, MGT Solar PTY. Its management falls under the fiduciary directors, who also act as custodians for token holders participating in the performance staking program.
Notably, all the profits garnered from MGT Solar PTY will go to participating token holders as financial rewards.
The mechanism ensures that despite the MGT token being a utility token, holders can be rest assured that the projects and plants are backing its value and rewards. As such, this factor ensures sustainability and increased value to all holders.
A Token Built to Push Sustainable Green Energy
Each MGT Token is backed by MGT Solar PTY Ltd and the 60mw solar plant. Notably, the first two plants will kick off in 2022. Additionally, the whole project is a golden opportunity as green energy projects take up to 60 months for development and maturity to beta status.
Along with these new steps, the project transitioned to the Binance Smart Chain, known among the most progressive platforms offering support to upcoming projects.
The project rounded up its ICO and is boasting a listing on the Bitmart exchange, with the next exchange listing scheduled to occur on 7th March. It hopes to round up 3 more listings on major exchanges in the coming 6 weeks.
About Megatech
MGT Solar (PTY) Ltd is an Alternative Energy Supply firm. It adopts the most advanced green sustainable energy technology to solve feasibility issues while assuring maximum efficiency and profitability.
There is high demand for electricity supply, particularly in Africa, and one of the most significant challenges is developing feasible and sustainable green energy solutions. Hence, combining cutting-edge solar energy technology, revolutionary storage technology, and a dynamic funding model was necessary to ensure minimal turnaround time and exponential profitability.
Megatech has recently updated its branding strategies and now has new social handles. Follow the new Megatech socials by clicking on the links below:
Social Media Links:
Website: https://megatechmgt.co.za
Instagram: https://www.instagram.com/megatech.mgt/
Facebook: https://www.facebook.com/Megatech-MGT-104919235450800
Twitter: https://twitter.com/megatech_mgt
YouTube: https://www.youtube.com/channel/UCdYHN1o7hmIts-pVVkCf7mQ
LinkedIn: https://www.linkedin.com/in/megatech-mgt-651842231/
Perpetual Protocol co-founder shares outlook on TrustToken and Perp’s DEX liquidity deal
Yenwen Feng says Perpetual Protocol and True plan to increase the asset cap in…
The post Perpetual Protocol co-founder shares outlook on TrustToken and Perp’s DEX liquidity deal appeared first on Coin Journal.
A-NATION – Next Mega Crypto, Unlike Any Other As Its Chairman’s Films Have Grossed Over A Billion Dollars Worldwide
Business models in the film industry have remained surprisingly unchanged over the past decades, while other industries have expanded by integrating with the rising tide of technologies and ever-changing global markets. For all the innovations in filmmaking, the business itself has ultimately remained static.
This has yielded an environment where key players are often undervalued, and burgeoning artists are stifled due to the power-broker model. This model prioritizes traditional Hollywood institutions that are primarily focused on maintaining their positions of power and their own profit margins. A-NATION however, sees a future with greater opportunity for filmmakers of all levels and the general public to monetize their creativity. The tokenized function of A-NATION will create liquidity and promote independent funding within the film industry.
A-NATION benefits holders by leveraging the power of the BNB Chain (formerly Binance Smart Chain). A-NATION will reward holders with BUSD (pegged 1:1 USD) from 10% of the overall transaction fees. This enables holders to earn rewards just by holding ANTN tokens in their wallet. The reward is dependent on transaction volume rather than token price. 4% of fees will automatically buy-back tokens with a manual burn mechanism benefiting price action.
The Liquidity Pool will be locked for one year then reassessed through a decentralized voting mechanism from the token holder base. This also guarantees that holders can rest assured that the allocated funds can't be manually withdrawn, also known as a rug-pull. Additionally, holders who stake their tokens will be rewarded with ANTN tokens at a daily return rate of 0.08%. The auto-compounded daily return also results in an annual reward yield of over 33%. Lastly, BUSD rewards that is equivalent to 5% of net profits from the box office is sent to holders based on the number of tokens held but more importantly, rewards those that have held the longest.
An area where A-NATION will shine is with creatives in the industry. NFTs will be directly linked to characters, cast, behind-the-scenes, a day on the set, and even the red carpet will all be available on the marketplace (A-MARKET). A launchpad named A-PAD will assist projects to onboard the benefits of the blockchain. Meanwhile, to help undiscovered artistic individuals and create projects that are in line with the desires of the viewers, filmmakers compete for a spot in an auction known as A-VESTED, which can only be earned by acquiring the most tokens that holders are willing to vest into the project. To bolster new, unique ideas and bring fresh perspectives to life from ideation to creation, the driving force will be called A-INCUBATE.
A-MEDIA will be the streaming platform that allows underserved groups of artists and talents to monetize their creativity. In keeping with its mandate of being trailblazers, they will onboard their entire ecosystem on a dedicated blockchain named A-CHAIN, hedging current societal short comings by integrating transparency, democratic governance, piracy protection, vertical integration, and most importantly, reclamation of one's privacy.
When asked to sum up A-NATION as a whole, Chairman Chuck Russell shared A-NATION's mission statement “We now encourage a new era of greater opportunity through the engagement of top artists and technicians as well as a whole new generation of actors and filmmakers, without the traditional limitations of the film business. We are the audience, and the audience is us.”
Social Media links:
Join Whitelisting: https://anation.formaloo.net/listing
Whitepaper: https://tinyurl.com/54634yfz
Imdb: https://imdb.me/nm0751080
Imdb: https://imdb.me/nm7852757
Telegram: https://t.me/anationANTN
Twitter: https://twitter.com/AnationANTN
Instagram: https://www.instagram.com/AnationANTN
Media Contact
Company Name :- A-NATION MEDIA
Email Id :- [email protected]
Company Website :- https://anationtoken.com
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