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The Korea Internet & Security Agency adopts a blockchain-based employee ID system.

The Korea Internet & Security Agency, or KISA, is the first public entity of South Korea to adopt a blockchain-powered employee ID system through a smartphone app starting October. According to Yonhap, the South Korean government agency will also issue tokens called “KISA Coin” to reward KISA’s best employees, enabling them to purchase snacks, beverages, and even […]

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The Korea Internet & Security Agency, or KISA, is the first public entity of South Korea to adopt a blockchain-powered employee ID system through a smartphone app starting October. According to Yonhap, the South Korean government agency will also issue tokens called “KISA Coin” to reward KISA’s best employees, enabling them to purchase snacks, beverages, and even office supplies. It is currently being pilot tested, with the expectation to make it available for the entire workforce. 

The new system is not just limited to ID authentication.

The new employee ID blockchain-based system will allow KISA’s workers to use near field communication technology, or NFC, by scanning QR codes to access their respective workplaces via a blockchain platform that will handle the database. However, the new system is not limited to ID authentication. The employees would be required to use it to access the coffee shops in the agency or borrow books from the library. The ongoing global pandemic and the desire to implement contactless solutions among its work processes are some of the reasons behind the blockchain system’s implementation. 

South Korea adopts blockchain tech in different sectors. 

The fourth-largest city in South Korea, Daegu, recently announced its plans to allocate over $6 million towards blockchain and artificial intelligence education. The city’s officials aim to solve what they consider a “serious shortage of resources in the 4th industrial revolution’s core technologies.” The government plans to bring talented individuals to Daegu from other regions by offering courses in blockchain, AI, and other significant data sectors. 

The central bank of South Korea is taking the development of its CBDC to the next stage as the central bank seeks to start a pilot project. The central bank recently concluded its first phase in its CBDC development journey, which involved extensive research regarding the CBDC’s feasibility.

Source: https://coinnounce.com/the-korea-internet-security-agency-adopts-blockchain-based-employee-id-system/

Blockchain

AAX Announced AAB Buy Back From Secondary Markets

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[PRESS RELEASE – Please Read Disclaimer]

Despite recent uptake, AAB is still deemed undervalued. As such, the AAX team has decided to conduct AAB buybacks from the secondary market and will do so in phases with an expected buyback size of 30% of AAB in circulation. At the same time, AAB will be listed on UniSwap! The listing will be paired with USDT.

Immediately following the announcement at 6 pm, 7 May, the price of AAB shot up by 30%, breaking through 0.8 USDT.

Following the continuous development of the AAX platform, the AAB ecosystem has also been gradually improved and enriched. In addition to enjoying a 20% discount on transaction fees when settled with AAB, AAB holders also enjoy many benefits such as buying tokens with a 50% discount, receiving random airdrops, and as a trading volume booster in trading competitions.

At the same time, AAB holders also enjoy preferential withdrawal fees and a higher percentage of referral commission rebates. Such utility will be further expanded as AAX grows.

AAX has achieved explosive business growth in the year 2021. Local currency deposits reached a daily average of $10 million in April and are expected to grow by more than 30% each month in the future. AAX has been well-recognized and favored by users and the market.

As AAX has improved, user numbers have increased and the scale of the business has exploded in many countries and regions. The number of accounts opened by VIP clients and institutional investors has nearly tripled. In addition, AAX has recently launched an “existing user activation program”, inviting inactive users to return to AAX and experience the platform’s upgraded products and services. As of now, monthly active users on AAX platform have increased 20 times compared to January 2021.

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Source: https://cryptopotato.com/aax-announced-aab-buy-back-from-secondary-markets/

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Blockchain

Polars DeFi announces Beta Release Testing Program

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[PRESS RELEASE – Please Read Disclaimer]

The decentralized platform Polars, which seeks to solve the liquidity issue in the prediction market, has recently announced beta testing of the protocol on the Ethereum rinkeby testnet. Since the announcement over 27,5k users have signed up to participate.

Community feedback will help the Polars team to build a better platform that users can trust and rely on. Beta testing will include interaction with the base pool, the secondary pool (Liquid Pool), trading pool, farming contract, incentive contract, and event betting system. Overall, it will allow detecting all the bugs and defects in the protocol, subsequently getting them fixed by the developers. Participants, on the other hand, will be able to get acquainted with the platform and existing features.

To make the process more efficient and smooth, beta testing was broken into several sequential stages, which users are encouraged to complete step by step. All the testers will be granted access to the pre-sale of POL management tokens and will be eligible for airdrop in POL governance tokens after listing on Uniswap and launching the mainnet. Besides that, users who end up with the most test funds within a week will receive real allocations of POL governance tokens!

At the end of May Polars plans to conduct Phase 1 of the public sale, after which the platform will be launched in the BSC mainnet. Currently, the Polars team is negotiating the final conditions and timing of the token sale with several IDO platforms.

Finally, in the middle of April Polars team has announced a strategic partnership with Zokyo’s highly professional team who will perform Polars smart contract audit. According to the latest update, the audit is already in the final stage.

To learn more about Polars and its beta testing program please visit their website or follow them on Twitter and Telegram.

About Polars

Polars is the new DeFi platform that seeks to solve the long-term liquidity problem in the Prediction market. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the platform’s commission income. The first polar token pair available for trading on the POLARS platform is the BLACK and WHITE polar tokens.

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Source: https://cryptopotato.com/polars-defi-announces-beta-release-testing-program/

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Legendary Pelé NFT Set to Drop on Ethernity May 8

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[Press Release – Los Angeles, California, 8th May, 2021]

Iconic Brazilian footballer Pelé will be immortalized in NFT form on May 8.

The legendary striker, named FIFA World Player of the Century, is getting the tokenized treatment with the release of a licensed aNFT – authenticated non-fungible token – exclusively on the Ethernity Chain at 12pm EST.

The coveted collection features several aNFTs of the soccer star, the result of a collaboration between Visual Lab and Rafa Zabala, whose credits include The Hobbit and Planet of the Apes.

The digital presentation includes “THE KING OF FOOTBALL,” an immersive video tracing the player’s humble origins on the streets of Brazil to a packed stadium witnessing his brilliance. The eponymous “Pelé” aNFT, meanwhile, is represented by a hyper-realistic digital bronze bust of the star in his heyday.

As part of the Pelé aNFT collection, Ethernity will be releasing multi-pack trading cards that make a nod to the player’s Panini trading cards of the past.

Ethernity’s special digital trading cards include “Gilded Bicycle Pelé,” which showcases the player executing his signature bicycle kick. The limited edition cards will be part of the Ethernity Cards and Packs Collection launching this summer, 2021.

90% of aNFT sales will go to The Pelé Foundation, a charitable organization that strives to empower young people facing poverty around the world.

Ethernity’s recent Muhammad Ali aNFT auction, which raised over $550,000, also resulted in a significant donation being made to the Muhammad Ali Foundation.

About Ethernity

Ethernity is exploring applications for non-fungible tokens (NFTs) within the context of art and philanthropy. It provides a way for celebrities and public figures to endorse digital artwork created by renowned artists. Anyone can purchase each limited edition artwork, with a portion of the proceeds going to charitable causes that the celebrity supports. Ethernity was founded by early Bitcoin investor and NFT innovator Nick Rose Ntertsas.

Learn more: http://ethernity.io/

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Source: https://cryptopotato.com/legendary-pele-nft-set-to-drop-on-ethernity-may-8/

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