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OilUSDT Introduces Smart Contracts for International Oil Market Settlement

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3 months ago

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With the growing complexity and uncertainty of the global energy market, transparency, efficiency and security of oil trading are in the spotlight. Against the backdrop of global economic turmoil, frequent geopolitical conflicts and increasingly stringent environmental regulations, volatility in the energy market has increased dramatically. This uncertainty not only has a profound impact on the economic stability of energy producing and consuming countries, but also directly affects the operational efficiency of the global supply chain. 

Against this backdrop, a new and revolutionary digital currency, OilUSDT, is leading the international oil market towards a smarter and more efficient future. the launch of OilUSDT is designed to address these challenges, and through the integration of blockchain technology and smart contract mechanisms, aims to completely disrupt the traditional oil trading model. As a stablecoin that anchors the value of oil, OilUSDT automates and decentralizes the transaction process through distributed ledger technology, radically simplifying the complexity of cross-border transactions.

Compared to traditional settlement methods, OilUSDT not only shortens settlement time, but also reduces the risks associated with exchange rate fluctuations. It makes the oil trading process more transparent and traceable by automating the execution of smart contracts and ensuring that trading conditions are strictly adhered to. 

This stablecoin, which incorporates smart contract technology, is providing an unprecedented settlement solution for the global oil market, driving the energy industry into a new era of digitization. As OilUSDT is rolled out globally, it is expected to greatly improve the trading efficiency of the oil market, reduce transaction costs and enhance market stability. In the future, OilUSDT will be more than just a payment tool for oil transactions, it will also be the core force driving the digitization and modernization of the energy market. 

Challenges and opportunities in the global oil market

As one of the most important energy sources in the world, oil involves a huge transaction volume and covers a wide geographical area. However, the current oil trading and settlement mechanism has many shortcomings. Every year, billions of barrels of oil circulate globally, involving trillions of dollars. These transactions include not only direct trade between producing and consuming countries, but also involve a large number of intermediaries, such as international oil companies, traders and financial institutions. However, despite the crucial role of the oil market in the global economy, the existing trading and settlement mechanisms are increasingly outdated.

First, the settlement cycle is lengthy. Traditional oil trades often take days or even weeks to settle, not only because of the multiple parties involved in cross-border transactions, but also because of the complex contract terms that need to be checked and verified on a case-by-case basis. During this time, market conditions can change significantly, resulting in additional financial risks for both parties to the transaction.

Second, there is a high risk of exchange rate fluctuations. Oil transactions are usually denominated in U.S. dollars, but in practice, trading parties use a variety of currencies. In this case, exchange rate fluctuations may have a significant impact on the transaction amount during the settlement process, leading to an increase in transaction costs and may even affect the profitability of the entire transaction.

Finally, cross-border payments are complex. Oil transactions involve a wide range of geographic areas, from oil-producing countries in the Middle East to major consumer markets in North America, Europe and Asia, and the international nature of the transactions makes cross-border payments a complex and time-consuming operation. 

With the rapid growth of the digital economy, global energy markets are exploring new technological means to address these challenges. The rise of blockchain technology offers new ways to address these issues. Blockchain’s distributed ledger technology can effectively reduce information asymmetry and provide greater transparency and credibility. 

The launch of OilUSDT is a major innovation in this trend. As a stablecoin anchored to the value of oil, OilUSDT combines the transparency of blockchain technology with the automation benefits of smart contracts, providing a solution that can meet the above challenges.

Unique Advantages of OilUSDT

Anchored to the value of oil, stable and reliable: OilUSDT as a stablecoin, its value is directly linked to the price of oil. This anchoring mechanism not only provides a highly correlated value to the oil market, but also reduces the risk of exchange rate fluctuations and protects the interests of all parties involved in the transaction.

Smart Contracts for Automated Transactions: OilUSDT’s smart contract feature allows both parties to execute transactions automatically without the need for intermediary intervention when pre-set conditions are met. This feature not only simplifies the transaction process, but also significantly reduces the possibility of human intervention, greatly improving the efficiency and security of transactions.

Globalized Payment, Reduced Costs: Traditional cross-border oil transactions often face complicated remittance procedures and high transaction costs. OilUSDT realizes globalized payment through blockchain technology, which greatly simplifies the process of cross-border transactions, reduces transaction costs, and improves the liquidity of funds.

Improve transparency and trust: The distributed ledger feature of blockchain technology ensures that transactions are open and transparent, and all transaction records are tamper-proof and traceable. 

Market Outlook and Industry Impact

Industry experts generally believe that the emergence of OilUSDT may have a profound impact on the global oil market. Firstly, with the popularization of OilUSDT, the settlement cycle of oil transactions will be significantly shortened and the market will be more flexible in its response. Second, by reducing exchange rate volatility and the complexity of cross-border payments, OilUSDT will bring more certainty and convenience to oil market participants.

In addition, OilUSDT will give new impetus to the digital transformation of the oil industry. With the increasing application of blockchain technology and smart contracts in oil trading, the energy market will become more digitalized and intelligent, forming a more efficient, secure and transparent global energy market ecosystem.

Contact name: TiffanyC

Company name: Greyscale

Website https: https://www.grayscale.com

Email: Tiffanycgreysc@gmail.com

Country: America

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Press Release

Scientology in Europe: Spreading Festive Cheer with a Purpose

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43 minutes ago

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November 28, 2024

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Brussels, Brussels, Belgium, 28th Nov 2024 – As the festive season approaches nearer and nearer in Europe, the Church of Scientology is planning activities to enrich the festivities with meaning and significance. They are engaging in activities such as advocating for rights and preventing drug abuse aiding children in need and fostering a culture of behavior during this time of generosity to positively impact their communities.

Inspired by holiday events at their Los Angeles headquarters and Saint Hill in the UK—formerly the home of Scientology founder L. Ron Hubbard—members across Europe are engaging with local communities to address pressing social issues while spreading festive joy.

Helping Valencia Recover from Devastation

This year in Valencia, Spain, the Church is exemplifying its dedication to serving the community. Volunteer Ministers swiftly responded to the aftermath of floods working around the clock to clean up the mud from residences, roads and public spaces, provide resources and provide emotional solace to families with the purpose of rebuilding their livelihood. 

In an effort to uplift those most impacted by the events the Volunteer Ministers arranged a toy collection drive, for children who suffered losses in the flooding incidents. Volunteers from across Spain are generously donating toys and funds to bringing some joy and comfort to families enduring the difficult circumstances. This initiative reflects a desire to assist children in finding moments of joy and normalcy amidst the holiday season.

Festive Giving Across Europe

In cities like Madrid, Paris, Brussels, Berlin, Copenhagen, and Milan among others, Scientologists are embracing the holiday spirit by hosting events that blend celebration with community service. These gatherings often feature talks on human rights, drug awareness, and ethical principles, alongside fun activities for children. By bringing people together in a festive atmosphere, they inspire there a meaningful action on important social issues.

The Church’s programs also align with its global initiatives, including The Way to Happiness, Youth for Human Rights, and Drug-Free World. These campaigns encourage kindness, integrity, and responsibility—values that resonate strongly during the holiday season.

A Focus on Ethical Living

A significant part of the Church’s holiday outreach is the promotion of The Way to Happiness, a non-religious moral guide written by L. Ron Hubbard. Its 21 principles for ethical living, such as “Love and Help Children” and “Be Competent,” are shared at events to encourage acts of compassion and positive change. Volunteers often distribute copies at gatherings, inviting people to incorporate these principles into their daily lives and New Year’s goals.

Supporting Children and Families in Need

The Church of Scientology places a special emphasis on helping children during the holiday season. In many European cities, parishioners organize toy drives and gift distributions in partnership with local charities, providing also essentials like clothing, school supplies, and holiday meals for families who are struggling.

The Church’s holiday activities in Europe echo the festive celebrations at its Los Angeles headquarters, where families gather for an annual holiday lighting festival. With attractions like ice skating, face painting, and visits from Santa Claus, the event is dedicated to fostering joy and community spirit.

Scientologists aim to do more than just light up city streets—they strive to brighten lives. By combining festive celebrations with meaningful outreach, church parishioners have through decades encouraged acts of kindness and a shared commitment to building a better future for everyone.

For Scientologists, the holiday season is about more than festivities. It’s an opportunity to give back, support those in need, and leave a positive impact on the world.

Media Contact

Organization: European Office Church of Scientology for Public Affairs and Human Rights

Contact Person: Ivan Arjona

Website: https://www.europeanaffairs.eu

Email: Send Email

Address: Boulevard de Waterloo 103

City: Brussels

State: Brussels

Country: Belgium

Release Id: 28112420545

The post Scientology in Europe: Spreading Festive Cheer with a Purpose appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

STAR KIDS officially launches innovative kids gym with indoor playground at AEON Mall Tebrau City

Published

58 minutes ago

on

November 28, 2024

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Starkids is a facility where children can feel a sense of achievement by creating an environment for challenges through classes with dedicated coaches.

JOHOR BAHRU, November 28, 2024 –

 Drawing inspiration from the highly successful Molly Edutainment Sports model in China, STAR KIDS is dedicated to creating an engaging space where children aged 3 to 12 can enjoy a unique blend of fitness, fun, and play.

From left, Mr. Wataru Koiwa (Board of Director), Yang Berhormat Liow Cai Tung (State Assembly Person of Johor Jaya), Mr. Naritomo Yamazaki (Managing Director), Mr. Utsunomiya Satoshi (Deputy Managing Director), Ms. Ito Kanako (General Manager Business Strategy), Mr. Mohd Faizal Bin Isa (Amusement Division Manager)

STAR KIDS is a dynamic space where children can explore, learn, and grow through the concept of “learning through play,” with a strong emphasis on physical activity. Our facility offers age-specific classes led by experienced coaches with sports backgrounds, along with events tailored to each child’s developmental stage. On weekends, STAR KIDS partners with external coaches to bring a diverse range of sports activities, ensuring a variety of fun and engaging experiences.

       Indoor playground at STAR KIDS

Adding to the excitement, the first-ever ‘GET! Stage’ in Malaysia will open right next to STAR KIDS. This unique retail area will feature a range of collectible and interactive merchandise, including trading cards, figurines, Gashapon, Kuji items, blind boxes, and exclusive Ichiban KUJI items. The space will also host trading card events and teaching workshops, making it an interactive hub for both learning and entertainment.

  An interactive digital screen at the big stage for players

STAR KIDS is equipped with thrilling facilities like trampolines, a ball pool, a sand pool, and the imaginative “Toy Master” zone. These areas are designed to ignite creativity and inspire physical activity, providing a fun and vibrant environment for kids.

   The interesting slides for kids and adults with terms and conditions

With a mission to inspire a lifelong love of fitness and play, STAR KIDS is dedicated to creating a safe, engaging, and joyful space where children can build confidence, stay active, and create cherished memories with friends and family.

We invite parents and children to experience the joy of active play at STAR KIDS! For more information, please visit our website at www.aeonfantasy.com.my or follow STAR KIDS Facebook page at https://www.facebook.com/starkidsmalaysia.

About Star Kids

STAR KIDS is an all brand new indoor playground concept from AEON Fantasy! STAR KIDS focuses on fitness and health among children with an all new gym and sports based indoor playground. This playground only offers the best gym facilities catered for children. STAR KIDS also provide a dedicated fitness classroom for children to stay healthy and fit!

Connect with Star Kids Malaysia

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Media Contact

Organization: Star Kids Malaysia

Contact Person: Future Marketing Group

Website: https://www.aeonfantasy.com.my/brand/star-kids/

Email: Send Email

Country: Malaysia

Release Id: 28112420521

The post STAR KIDS officially launches innovative kids gym with indoor playground at AEON Mall Tebrau City appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Solar Price Surge Coming? How China’s Tax Rebate Cut Affects You Directly

Published

1 hour ago

on

November 28, 2024

By

On November 15th, the Chinese government reduced the export tax rebate for photovoltaic modules from the previous 13% to 9%.  What are the short-term effects of this change on the photovoltaic market?

 

1. Delivery Impact: Pressure on Supply Chains

 

November 19th – November 28th: 

With the tax rebate cut, many orders originally scheduled for overseas shipment in December are now rushing to be delivered.  There will be significant pressure on the delivery of popular models.

 

November 29th – December 15th: 

Domestic orders delayed from late November will gradually start to ship, but there will still be intense pressure.  Large orders will likely need to be split for delivery.

 

December 15th – December 31st: 

Delivery pressure may ease somewhat, but the situation will still be tight.

 

Conclusion: 

Short-term pressure on deliveries will be immense, mid-term deliveries will be sporadic, and there will be gradual fulfillment towards the end of the year.

 

Recommendations:

1. If you must ship, avoid popular models.

2. If you need popular models, delay the production schedule.

3. If shipment is necessary, split the order and source from multiple reliable suppliers instead of relying on a single one.

 

2. Pricing Trends: Short-term Price Increases Likely

 

November 19th – December 31st: 

Steady with slight increases Delivery pressure is high, and manufacturers are not worried about selling out, so there’s a possibility of price hikes.

 

· Key products: 

  Expect price fluctuations in popular high-efficiency PV modules as well as high-demand modules such as bifacial solar panels.

· Recommendation: 

  If you are planning to buy in the short term, it may be wise to lock in prices now to avoid price hikes.

 

January 1st – January 31st: 

Stable Due to the Chinese New Year holiday on January 29th, actual production time is limited to about half a month.  Therefore, factory delivery pressure will be lighter, and prices are unlikely to fluctuate significantly.

 

February 1st – March 31st: 

Increase overseas, stable domestically

Overseas: A slight price increase is inevitable due to the reduced tax rebate.

Domestic: Prices will remain largely unchanged.

 

3. Moregosolar Conclution:

* Mainstream models will remain stable with minor short-term increases, maintaining stability in the long term.

* Non-mainstream models may see slight price increases with delivery pressure.

* European warehouse stock will sell well in the short term, remain stable in the mid-term, and experience slight price increases in the long term.

 

 

Facebook: https://www.facebook.com/mogesolar

YouTube: https://www.youtube.com/@Moregosolar

LinkedIn: https://www.linkedin.com/company/morego

Tiktok: https://www.tiktok.com/@Moregosolar

 

Company Name: MOREGO SOLAR

City, State, Country: Nanjing, Jiangsu, China

Website：www.moregosolar.com

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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.

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