Connect with us

Press Release

BioMatrix introduces PoY, World’s 1st UBI token with 60yrs Issuance Commitment

Published

on

Check out BioMatrix’s Bonus Event on their Twitter, 600 USDC to giveaway!

What is BioMatrix?
Introducing PoY and BioMatrix

DUBAI, UAE — BioMatrix, an L1 blockchain wealth distribution platform aimed at providing a globally accessible UBI to everyone, is set to launch the PoY token, marking a significant milestone in the pursuit of universal financial inclusion. This launch aligns with the Beta unveiling of the BioMatrix platform at Token2049 in Dubai on April 17, 2024.

A Leap Towards Universal Basic Income with Blockchain

In an era of increasing financial inequality, BioMatrix introduces PoY (Proof of You), a revolutionary token that intertwines users’ biological identity with blockchain technology, setting a new benchmark for Universal Basic Income (UBI).

With PoY, BioMatrix isn’t just launching a token; it’s a commitment by BioMatrix to leverage the potential of blockchain and AI technologies for the greater good, promoting a more inclusive digital economy where everyone, anywhere, can partake in secure wealth generation.

The Essence of PoY

At the heart of BioMatrix, PoY stands as a testament to individuality and empowerment. Each PoY token is a unique representation of the user, created from their BioID.

This process not only champions true decentralization but also ensures that the benefits of UBI (Universal Basic Income) are directly and fairly distributed among users. Through the innovative use of AI and ML, BioMatrix simplifies the authentication process, enabling users to seamlessly receive PoY tokens and participate in a broader economic ecosystem, addressing gaping inequalities in today’s society.

Empowering Users through UBI

BioMatrix commits to a 60-year issuance plan for the PoY tokens, fostering long-term engagement and continuous ecosystem growth. This sustainable approach supports users in educational pursuits, entrepreneurial ventures, and community projects, reinforcing the platform’s role in enhancing users’ lives.

This sets a precedent in sustainable UBI programs, encouraging early adoption and participation, and rewarding users progressively.

Built on Robust Technology

The PoY Chain, a proprietary Layer 1 blockchain developed by BioMatrix, exemplifies BioMatrix’s commitment to delivering high-speed, secure, and cost-effective digital transactions.  By integrating advanced cryptography, such as Zero-Knowledge Proofs (ZKP) for enhanced security, it ensures the privacy of user data without compromising transaction validity.

This pivotal technology not only underpins equitable wealth distribution but also scales the Universal Basic Income (UBI) concept, broadening its impact across various digital and real-world applications. In doing so, it maintains a strong focus on user privacy, marking a significant stride towards a more inclusive and secure digital economy.

Revolutionary Consensus Mechanism

BioMatrix sets itself apart through the innovative Delegated Proof of Credit (DPOC) consensus mechanism, rewarding participants in the network for their contributions by assigning a “good credit score.” This approach redefines and sets a new standard in the blockchain landscape, offering a novel alternative to conventional models like Ethereum’s Proof of Stake, and establishing a new benchmark for blockchain efficiency and fairness.

Tokenomics: A Future-Proof Design

With a maximum supply of 21 billion PoY tokens, BioMatrix introduces a tokenomics model designed for sustainability and growth. This supply is strategically allocated as follows: 1 billion tokens are exclusively reserved for user sign-up bonuses, which aim to boost initial engagement and participation in the ecosystem. Of the remaining 20 billion tokens, 80% (16 billion) are distributed directly to users, supporting the platform’s core initiatives and fostering active participation, while the remaining 20% (4 billion) are allocated to support other facets of the ecosystem, such as operational costs and developmental projects. First-stage early adopters stand to benefit significantly from this allocation strategy, receiving the greatest advantages through early access incentives and a larger share of the allocated sign-up bonuses. This ensures that their crucial role in the platform’s early phase is both recognized and adequately rewarded.

PoY is planned to be listed on several exchanges in the coming months leading up to the official listing in September.

A User-Centric Approach

BioMatrix’s unique unlocking mechanism, where user participation directly influences the availability of operational and reserve tokens, exemplifies a user-first philosophy.

This approach not only democratizes access to blockchain and AI technologies but also aligns with BioMatrix’s vision of a more equitable digital future.

BioMatrix and PoY are leading the charge in blending tech innovation with social responsibility, striving for a world where technology serves humanity.

Whitepaper and More Information:

About BioMatrix:

Founded by Silicon Valley experts, BioMatrix is dedicated to reshaping financial inclusion via the PoY token and Universal Basic Income, using biometric scans for secure, feeless crypto transactions. We aim to bridge financial gaps and revolutionize wealth distribution globally. Our technology stands at the intersection of Web2 and Web3, broadening the utility of cryptocurrencies.

Join us in our mission to democratize financial access, embodying our mantra: Build your ID, Invest your future, Own your worth.

BioMatrix is having a huge giveaway now on their twitter, with 600 USDC up for grabs!

Visit Us Online:

Media Contact:

Name: Media team

Email: press@biomatrix.ai

Organization: BioMatrix

Website: https://Biomatrix.AI

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

Published

on

DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

Published

on

DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

on

DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST