Hong Kong, 19th Oct 2024 – Linear Finance is excited to announce its participation as a booth sponsor at the highly anticipated Chainlink SmartCon 2024, taking place on October 30-31. Positioned at Booth S5, centrally located on the conference floor, Linear Finance will present its latest advancements in decentralized finance (DeFi) to a global audience of blockchain leaders, innovators, and developers.

Recognized as one of the premier events in the blockchain and cryptocurrency space, SmartCon 2024 will gather thousands of attendees, offering Linear Finance an unparalleled opportunity to showcase its cutting-edge technologies, foster strategic partnerships, and contribute to the continued growth of the DeFi ecosystem.

Linear Finance will spotlight several key innovations, including its Perpetual DEX (Perp DEX), which offers seamless, frictionless trading with advanced features. The team will also introduce attendees to the latest upgrade of its multi-chain marketplace, featuring a dynamic discount function and the migration from BUSD to USDT. These enhancements reflect Linear’s ongoing commitment to making DeFi more accessible, functional, and user-friendly.

The event will also provide a platform to discuss Linear Finance’s broader roadmap, which includes expanded cross-chain interoperability, infrastructure developments for decentralized trading, and key upcoming partnerships. Attendees will have the unique opportunity to engage directly with the Linear team, explore the technology firsthand, and gain insights into the future of decentralized finance.

“We are thrilled to be part of SmartCon 2024, where we can connect with the broader DeFi community,” said George, Business Development Manager at Linear Finance. “Linear Finance is at a pivotal moment, and we are eager to share our latest innovations and our vision for the future of DeFi.“

Throughout the two-day event, the Linear Finance team will be available at Booth S5 to provide live demos and answer questions. For more information about Linear Finance’s presence at SmartCon 2024, or to schedule media interviews, please visit the website or contact the team.

Connect with Linear Finance: Discord || X || Medium 

About Linear Finance: 

Linear Finance is a decentralized finance platform that enables users to trade synthetic assets quickly, seamlessly, and cost-effectively. Offering a range of services such as staking and decentralized financial tools, Linear focuses on building a comprehensive DeFi ecosystem powered by a robust governance model that empowers community-driven decision-making.

Media Contact

Organization: Liner Finance

Contact Person: George [BDM at Linear Finance]

Website: https://linear.finance/

Email: Send Email

Country: Hong Kong S.A.R.

Release Id: 19102418663

The post Linear Finance to Showcase Innovative DeFi Solutions at Chainlink SmartCon 2024 appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

Against the backdrop of the increasing innovation of blockchain technology and the rapid rise of decentralized finance (DeFi), the YTL Foundation is keenly aware of the huge potential of the BURN token and is determined to vigorously promote the development of this project. The BURN token not only represents the transformation of digital finance in the future, but also carries a new vision of financial ecology. With the support of the YTL Foundation, the birth of the BURN Bank ecosystem will completely subvert the traditional financial model and lead the new trend of blockchain banking.

BURN Ecological Background: The Strategic Layout of the YTL Foundation

As the world’s leading innovative investment institution, YTL Foundation has been focusing on promoting the application and development of blockchain technology and digital assets. Through years of accumulation of technology, resources and capital, YTL Foundation is well aware that the financial market is undergoing a profound transformation – the transformation from the traditional centralized system to decentralized finance. Due to its unique technical architecture and unlimited application scenarios in the future, the BURN token has become the core project of the YTL Foundation’s key layout.

YTL Foundation is not only an investor in the BURN project, but also a strategic promoter of the BURN Bank ecosystem. By injecting huge amounts of capital and global resources, YTL Foundation is committed to building a comprehensive ecosystem that integrates diversified applications such as finance, lending, blockchain games (GameFi), and NFTs.

YTL Foundation’s capital volume and physical industry layout

YTL Foundation has a strong capital base, and its capital scale is among the best in the industry, covering a number of real industry sectors, including mainstream industries such as hotels, energy, and electricity. Taking the hotel industry as an example, the YTL Foundation has a number of high-end hotels, covering a wide range of choices from luxury resorts to business hotels, forming a tourism and accommodation network covering both domestic and foreign markets. These hotels not only provide excellent services to tourists, but also contribute to the development and prosperity of the region through integration with the local economy.

In the field of power and energy, the YTL Foundation also plays an important role. By investing in green energy projects, such as wind and solar, the Foundation is not only promoting the use of renewable energy, but also contributing to the sustainable development of society. The stable income and extensive influence of these real industries have enabled YTL Foundation to have solid capital strength, so as to better support the construction and development of the BURN Bank ecosystem.

The fundamental reason for developing the BURN Bank ecosystem is that YTL Foundation hopes to step into the blockchain industry and combine traditional financial services with digital assets to create a combination of digital and real effects. By combining the real industry with blockchain technology, the BURN Bank ecosystem not only provides users with financial services, but also creates more investment opportunities for users and promotes the overall development of the economy.

Eco-Tech Innovation: Leading the Future of Blockchain Banking

The technology architecture and operating model of the BURN Bank ecosystem is one of its biggest highlights. It not only innovatively applies blockchain technology, but also realizes the function of automatic fund entry and exit and real-time arrival in the form of smart contracts. The application of this technology makes the flow of funds in the BURN Bank ecosystem more efficient and secure, and greatly reduces the possibility of human intervention, thereby reducing the risk in financial operations.

Smart contracts automate execution to ensure that funds can be transferred from account to account quickly and securely, completely disrupting the lengthy processes and high fees of traditional banks. What’s more noteworthy is that BURN Bank has created a margin mechanism. The introduction of this mechanism provides a double guarantee for all participants – not only to ensure the smooth completion of transactions, but also to effectively prevent malicious behavior, and improve the trust of the entire ecosystem.

At the same time, the BURN ecosystem ensures that the security of users’ assets is protected to the greatest extent through multi-layer encryption technology and decentralized architecture. In the current blockchain market, although many projects claim to provide financial security, the technical architecture of the BURN ecosystem is undoubtedly at the forefront of the industry. Through real-time monitoring and smart contract execution, BURN Bank not only provides users with an efficient financial trading platform, but also sets a benchmark for the development of global blockchain banks.

Ecological security: Ensure the safety and stability of user assets

In the BURN ecosystem, safety is always one of the most important considerations. To this end, a margin storage mechanism has been established within the ecosystem to serve as a reserve for the return of principal. This not only effectively protects the rights and interests of both parties to the transaction, but also minimizes potential financial risks.

In addition, the BURN ecosystem uses BURN tokens as the circulating currency, and BURN tokens have a unique burning mechanism, which ensures the scarcity of tokens and the steady growth of prices by reducing the total amount of circulation in the market. In each transaction, a portion of the BURN tokens is automatically burned, further driving the long-term value growth of the BURN tokens. This continued reduction in supply means that the BURN token will gradually become a scarce resource, which in turn will attract more investor attention and participation. 

Ecological Prospect and Planning: Steadily promote the transformation of the future financial landscape

BURN Bank is more than just a blockchain bank, it carries the blueprint for the future of decentralized finance. Its development plan is not only limited to stabilizing the price of BURN tokens, but also covers the exploration of more innovative applications and scenarios. As an open financial ecosystem, BURN aims to continuously expand its application boundaries, meet the financial needs of users around the world, and drive the entire blockchain industry forward.

Stabilize the price and promote the BURN token to become a mainstream asset

The YTL Foundation and the BURN team understand that the price stability of digital assets is the key to driving market confidence and long-term development. Therefore, the primary task of the BURN ecosystem is to ensure the price stability of the BURN token and gradually increase its market value through diversified applications and a reasonable economic model. Through margin mechanism and liquidity management, BURN token can effectively avoid market volatility and provide users with safe and stable financial tools.

In order to further enhance BURN’s market position, the BURN team plans to gradually roll out its token to major exchanges around the world. This move will not only bring broader market liquidity to the BURN token, but will also help it become one of the world’s mainstream digital assets. Through cooperation with the world’s top trading platforms, the BURN token will gradually cover global users and establish partnerships with more financial institutions to promote its application in the international financial market.

Open the blockchain game and NFT market: explore more possibilities of blockchain

In addition to traditional financial functions, the BURN ecosystem will also enter the game-gaming (GameFi) and NFT (non-fungible token) markets to further expand its application scenarios. As an emerging market in the blockchain industry, blockchain games have broad potential and development space. BURN BANK WILL DEVELOP A NUMBER OF BLOCKCHAIN GAME PROJECTS BASED ON ITS STRONG TECHNICAL FOUNDATION, SO THAT USERS CAN NOT ONLY PARTICIPATE IN FINANCIAL TRANSACTIONS, BUT ALSO EARN MONEY THROUGH GAMES. The combination of blockchain games and NFT marketplaces not only injects new vitality into the BURN ecosystem, but also provides users with more diversified ways to participate.

In the NFT field, the BURN ecosystem will launch a number of unique assets based on blockchain technology, such as artworks, collectibles, virtual real estate, etc., to further enrich the application scenarios of BURN. Through these innovative applications, BURN will attract more users and investors to its ecosystem and increase the market demand and value of the BURN token.

Launch of the lending system: Build a comprehensive decentralized financial platform

As the BURN Bank ecosystem continues to expand, its future plans also include the launch of a decentralized lending system. The introduction of the lending system will provide users with more asset management options and help BURN Bank build a comprehensive financial platform. Through decentralized lending, users can use BURN tokens as collateral to obtain liquidity support, so as to meet their funding needs in different scenarios. This system can not only enhance the application value of the BURN token, but also promote the liquidity cycle of the entire ecosystem and enhance its market competitiveness.

Future Prospects: The Global Layout and Vision of the BURN Ecosystem

The YTL Foundation’s collaboration with the BURN team is not just to build a blockchain finance project, but to move the entire industry forward. In the process of global layout, the BURN team has always insisted on paying equal attention to technological innovation and user experience, and is committed to providing a safe, efficient and decentralized financial platform for global users. In the future, the BURN ecosystem will continue to expand its global user base and establish cooperation with blockchain projects, government agencies and financial institutions in various countries to promote the wide application of blockchain technology.

The BURN ecosystem is not just a project, it represents the future of blockchain finance. Through technological innovation, globalization strategy and diversified application scenarios, the BURN ecosystem will surely occupy a place in the future financial field. The strong support and financial strength of the YTL Foundation will provide a steady stream of power for the growth of the BURN ecosystem, help it rise rapidly in the blockchain industry, and become an important force leading the industry change.

conclusion

The construction of the BURN Bank ecosystem is not only an important step for YTL Foundation to step into the blockchain industry, but also a deep thinking and innovative exploration of the future financial model. In this ecosystem, YTL Foundation is shaping a safe, efficient, and creative financial ecosystem by combining its rich experience in the real industry with the cutting-edge application of blockchain technology. In the future, the BURN token will not only be a digital asset, but also an important bridge between traditional finance and decentralized finance.