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Lumoz Node Sale Updates: Ensuring Fair Valuation and Equal Opportunities

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Hong Kong, 16th June 2024, ZEX PR WIRE, After the announcement of the node sale yesterday, we received numerous inquiries and suggestions from global communities, VCs, and partners. They provided valuable feedback on Lumoz’s node sale. In light of this, we have decided to listen to these opinions and make slight modifications to the previous rules. 

Reasons and Objectives for the Changes

The modifications to the Lumoz node sale structure are driven by several key goals:

  1. Maintain a Reasonable Valuation: Adjustments aim to keep Lumoz’s valuation within a sensible range, preventing it from becoming overly inflated.

  2. Enhance Potential Returns for Ordinary Users: Changes are designed to allow regular users to reap higher potential rewards.

  3. Equal Early Participation Opportunities: Ensuring that everyone, including individual users, can participate early on.

Final Rules:

Adjusted Node Sale Structure:

  • Total Nodes: Reduced from 200K to 100K, increasing each node’s earnings by 100%.

  • Tiers: Reduced from 50 to 10, with the final Tier 10 valuation not exceeding $290 million.

  • First-Come, First-Served: Sales will proceed on a first-come, first-served basis until all nodes are sold.

Key Timelines:

  • Pre-Sale: Begins on June 17th at 3 PM (UTC+8).

  • Whitelist Sale: Starts on June 25th at 3 PM (UTC+8).

  • Public Sale: Opens on July 3rd at 3 PM (UTC+8).

Pre-Sale Details:

  • Access: Requires a special invitation code to enter the pre-sale page.

  • Pre-Sale Link: https://node.lumoz.org/

  • Deposit Requirement: Users need to pay a 20% deposit to lock in the current node tier, which is non-refundable. The remaining balance must be paid before the public sale on July 3rd, or the node will be forfeited and moved to the public sale.

Whitelist Sale:

  • Eligibility: Only users with a whitelist can participate.

  • Process: Follows the pre-sale, starting from the current tier, on a first-come, first-served basis.

Public Sale:

  • Accessibility: Open to all global community users until all nodes are sold.

Node Licenses Details:

  • Testnet Node Licenses: Successful node buyers will first receive node licenses as NFTs on the sepolia testnet, allowing them to participate in Lumoz’s points activity.

  • Mainnet Node Licenses: Upon Lumoz mainnet launch, node licenses will be issued on the mainnet. Owners can either run the nodes themselves for rewards or delegate them to official or third-party node providers.

  • Transferability: Mainnet node licenses can be traded or transferred after six months.

Refund Policy:

To ensure the rights of global community users, we have established a refund mechanism:

  • Refund Window: Opens six months after the TGE. The duration of the window is to be determined.

  • Refund Terms: Users can request a refund if dissatisfied, receiving 80% of the initial payment back, with all tokens and NFTs produced needing to be returned.

Additional Information:

  • Participation Networks: Users can participate via Arbtrium, BNB Chain, ZKFair, Merlin, etc.

  • Supported Currencies: USDT, USDC, BTC, ETH, BNB, ZKF.

  • ZKFair Discounts: Starting from the pre-sale phase, ZKFair will release 200 purchase slots daily, offering a 10% discount for payments made with ZKF.

  • Lumoz Points Event: Starting June 25th, the 40-day event will distribute 40 million Lumoz points, with 1 million points awarded daily to successful node buyers. These points can be exchanged for Lumoz Mainnet tokens upon launch.

Disclaimer:

Before purchasing zkVerifier nodes, users should read and understand all related documents and information, including the technical whitepaper and user guide, to ensure comprehensive product knowledge. Users must confirm their capability to bear investment risks and assess their situation before participating. Purchases should be voluntary and free from coercion or misleading influences. Users assume responsibility for any losses incurred post-purchase, and we are not liable for losses resulting from market fluctuations, technical issues, or other factors.

Lumoz Official Links:

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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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Press Release

Trivolve Tech and Quixy joins hands to Revolutionize Forensic Systems in India on Cardano

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Hyderabad, India, 22nd October 2024, ZEX PR WIRE, Trivolve Tech, a blockchain and AI product studio and Quixy, a leader in no-code/low-code enterprise solutions, , have officially partnered to co-develop cutting-edge forensic management systems for state governments across India. This collaboration aims to revolutionize the handling and integrity of forensic evidence by integrating Cardano blockchain technology and Zero-Knowledge Proofs (ZKP) into evidence management systems.

The project will initially focus on the Uttar Pradesh state government, which handles over one million forensic cases annually. The key objective is to enhance the forensic chain of custody—a process crucial for ensuring the authenticity and integrity of forensic evidence presented in court.

Addressing the Challenges in Forensic Evidence Management

Forensic departments in India face significant challenges in maintaining the chain of custody for evidence. Current centralized systems are vulnerable to tampering and unauthorized access, posing risks to the credibility of evidence in legal cases. The joint venture between Quixy and Trivolve Tech addresses these challenges by developing a decentralized solution leveraging Cardano’s smart contracts and Zero Knowledge Proofs. This approach ensures that every step in the chain of custody is immutably recorded on the blockchain, providing an unprecedented level of transparency and security.

Integrating Cardano Blockchain for Enhanced Security and Scalability

Cardano, one of the most decentralized and sustainable blockchain platforms, will be integral to the forensic management system through its cryptographic hashing. Cardano operates on a proof-of-stake (PoS) consensus mechanism, which makes it 99.99% more energy-efficient than Bitcoin and Ethereum. This sustainability, coupled with security, positions Cardano as an eco-friendly option for large-scale projects like this one.

Rahul Konudula, CEO of Trivolve Tech, commented, “By integrating Cardano blockchain with forensic management, we are providing a game-changing solution that improves transparency, accountability, and security for law enforcement agencies. This collaboration could set the standard for forensic evidence management across India’s 28 states and 8 union territories.”

About Quixy

Quixy is a no-code/low-code platform that helps organizations automate business processes and build enterprise applications faster with fewer resources. With over 26,000 no-code apps and 200,000 users, Quixy is one of India’s leading software companies.

About Trivolve Tech

Trivolve Tech is a product development studio solving real-world problems through Blockchain and AI. They integrate blockchain into enterprises and government operations, driving innovation and sustainable growth while enhancing liquidity by tokenizing Real World Assets.

For more information, please visit:
Quixy – https://quixy.com/

Trivolve Tech – https://trivolvetech.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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Press Release

The importance of QuickBooks file repair: Damaged QuickBooks files can disrupt business operations, making it challenging to access financial data

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Brandon, MB, 22nd October 2024, ZEX PR WIRE, QuickBooks is an incredibly robust accounting tool, capable of handling a variety of financial tasks. However, like any software, it is susceptible to encountering issues, including file corruption. A damaged QuickBooks file can significantly disrupt business operations, making it challenging to access financial data, create reports, or process transactions. QuickBooks file repair is a powerful process designed to effectively address these issues and restore the integrity of your data.

Some common reasons include power failures or system crashes during QuickBooks usage can lead to file corruption. Another common reason is if the company file grows over time, it may become too large, causing performance issues or data corruption. Issues with hardware or bad sectors on the hard drive can lead to file damage.

Incompatible software or updates can occasionally interfere with QuickBooks, resulting in file corruption. 

QuickBooks provides a built-in tool called QuickBooks File Doctor, designed to identify and repair common issues related to file corruption. This tool can be downloaded and run to fix network and data file issues, offering a simple and effective solution in many cases.

If the file is too corrupted to repair, restoring from a recent backup can save your data. Regular backups are essential as they provide a safeguard in case of severe damage. 

QuickBooks includes a “Rebuild Data” feature that can resolve minor data corruption issues. This tool automatically scans the company file for inconsistencies and fixes them, ensuring the file is in good shape.

In cases of severe file damage or when internal tools fail to resolve the issue, consulting a professional QuickBooks repair service may be necessary. These services specialize in repairing damaged files and recovering lost data, ensuring minimal disruption to your business.

QuickBooks file repair is crucial when your data is compromised. By using built-in tools like QuickBooks File Doctor, restoring backups, or seeking professional help, you can effectively recover from file corruption and ensure business continuity.

For professional expertise on repairing a damaged QuickBooks file, visit https://quickbooksrepairpro.com/quickbooks-data-recovery.aspx

About QuickBooks Repair Pro

QuickBooksRepairpro.com is a leading QuickBooks File Repair and Data Recovery, QuickBooks Conversion, QuickBooks Mac Repair, and QuickBooks SDK programming services provider in North America, serving thousands of business users all over the world. With over 20 years of experience with Intuit QuickBooks, QuickBooksRepairpro.com assists QuickBooks users and small businesses with a variety of services and work with the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).

For more information, visit https://quickbooksrepairpro.com/

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Press Release

Optimizing your QuickBooks file is crucial for ensuring your accounting software runs efficiently, protecting data integrity, and facilitating smoother operations

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Kingston, 22nd October 2024, ZEX PR WIRE, As businesses grow, so do their financial records, often leading to larger QuickBooks company files. While QuickBooks is designed to handle substantial data, file optimization is crucial for maintaining efficiency and performance. 

 Large company files can slow down QuickBooks, leading to lagging responses when entering data, generating reports, or running payroll. Optimization helps reduce file size and improve system speed, allowing for smoother operations.

Over time, as files grow and become fragmented, the risk of data corruption increases. Regular optimization can help maintain file integrity, reducing the likelihood of encountering issues that can lead to data loss.

 A smaller, optimized file takes less time to back up and restore, which is critical during system updates or when recovering from a crash. This can save valuable time and resources, especially during busy financial periods.

File optimization makes it easier to manage and navigate your financial records. By condensing and organizing data, users can quickly access the information they need without wading through excessive amounts of data.

Optimized files allow for quicker and more accurate financial reporting, ensuring that your business remains compliant with tax regulations and internal policies. This efficiency is vital for audits and decision-making processes.

Use QuickBooks’ built-in “Condense Data” feature to remove historical transactions and reduce file size while retaining necessary data. Schedule regular maintenance checks to identify and repair data integrity issues. Utilizing tools like QuickBooks File Doctor can help identify potential problems early. Regularly review and archive old transactions that are no longer needed for day-to-day operations, which can significantly reduce file size. Keep an eye on your company file size and set thresholds for when optimization is needed to prevent performance degradation.

Optimizing your QuickBooks file is crucial for ensuring your accounting software runs efficiently, protecting data integrity, and facilitating smoother operations. Regularly implementing optimization strategies can lead to significant benefits, allowing your business to focus on growth and success.

https://quickbooksrecovery.co.uk/quickbooks-file-data-services/quickbooks-file-optimization-service/ 

About E-Tech

E-Tech is the leading service provider of QuickBooks File Repair, Data Recovery, QuickBooks Conversion and QuickBooks SDK programming in the UK and Ireland. In our 20 years plus of experience with Intuit QuickBooks, we have assisted over a 1000 satisfied customers with their requirements.

We offer a range of services for existing QuickBooks users and provide comprehensive solutions for small businesses. Additionally, our expertise covers the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).

For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at Melanie@e-tech.ca. 

To learn more about the company, visit: www.e-tech.ca

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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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