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yes dear
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Venice, a privacy-preserving AI platform, has concluded its community airdrop, resulting in the destruction of $100 million worth of unclaimed $VVV tokens. Launched on January 27 on the Ethereum Layer 2 Base network, the $VVV token saw over 40,000 recipients receiving 17.4 million tokens, which is 35% of the community allocation. The destruction of 32.6 million $VVV tokens, representing 65% of the community allocation and one-third of the Genesis supply, significantly reduces market circulation. Despite this, 14 million $VVV tokens will be introduced annually, with an initial 14% inflation rate that will decrease based on the Venice API's usage rate. Venice has not engaged in VC financing, pre-sales, or OTC transactions and has repurchased and destroyed 1% of the Genesis supply in response to community concerns. Future plans include launching an image engine, social dynamics, mobile applications, and updates to the token economy. $ETH
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despite of this Pakistani govt recognised the power of crypto.
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#NewHorizon #pakistanicrypto $BTC $NEO $INJ Pakistan is making strides to embrace cryptocurrency as a "strategic asset" to transform its digital financial landscape. Following plans to formalize digital asset regulations, the country announced a national crypto council aimed at fostering a secure investment environment. With Pakistan among the top 10 nations for crypto adoption, over 20 million users face challenges like high transaction fees. Bilal bin Saqib, a Forbes-recognized entrepreneur, has been appointed as the chief adviser to the finance minister for the Pakistan Crypto Council. He pledged to develop forward-looking crypto regulations, enhancing Pakistan's global position in this sector. Despite past bans on virtual currencies, this shift aligns with growing global trends, including the U.S.'s Bitcoin Strategic Reserve initiative.
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#KoreaCryptoRegulations South Korean financial experts and opposition politicians are urging the government to integrate Bitcoin into national reserves and develop a won-backed stablecoin. This push comes in response to the United States' recent cryptocurrency initiatives, including plans for a Bitcoin Reserve. Advocates argue that South Korea risks losing "monetary sovereignty" if USD-pegged stablecoins dominate the digital economy. Industry leaders emphasize the need for clear policies to align with global trends, as countries like Switzerland and Japan have already made significant advancements in cryptocurrency adoption. The Democratic Party has proposed reshaping crypto regulations to strengthen South Korea's position in the evolving financial landscape. These measures aim to enhance economic strategy and maintain competitiveness in the global cryptocurrency market. $BTC $ADA
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