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UTONIC Protocol Premieres the First Restaking Token uTON for TON Blockchain

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UTONIC Protocol, the first Restaking protocol exclusively built for The Open Network and TON tokens, announces the launch of a pre-staking event for its Restaking program uTON on Oct 21, 2024.

Backed by top-tier innovators of the restaking segment and The Open Network’s ecosystem, UTONIC enables TON restakers to earn triple yield (staking yield, restaking yield, and farming yield) and encourages innovation in the ecosystem by enhancing network security, ultimately benefiting projects such as cross-chain bridges, oracle networks, and sidechains. 

UTONIC’s initiative aims to decentralize the way TON’s blockchain operates, fostering shared security and a more robust ecosystem for The Open Network. Being the first restaking protocol for TON, UTONIC aims to extend The Open Network’s security to thousands of Telegram applications and build the revenue-sharing layer for one billion users.

DeFi-Focused Background and Partners

The core team of UTONIC Protocol have dived deep into DeFi and worked to catch up with the need for restaking. Supported by TonStake, iZUMi Finance, InfStones, SatLayer, StakeStone and inspired by EigenLayer, UTONIC combines innovation with TON’s unique use-cases, empowering TON’s validators as well as individual token holders, to enhance the security and scalability of local dApps.

UTONIC Protocol has previously announced their $100M fundraising details and a DeFi-focused background, with 10+ notable projects joining as UTONIC’s AVS partners. In addition, UTONIC is hosting the pre-launch event, marking a new chapter in expanding the UTONIC ecosystem through DeFi protocol collaborations, including Bemo, EVAA, DeDust, Torch, P2P, Chorus One, and Ston.fi and more. Bemo’s stTON (a liquid-staked version of TON) can now be used to mint uTON. Torch, Ston.fi, and DeDust will support uTON liquidity farming by offering additional incentives. P2P and Chorus One will join as restaking operators, with more details to be announced soon.

In the future, UTONIC plans to explore further collaborations with DeFi protocols to expand uTON’s use cases and enhance yield opportunities for users, aiming to unlock new avenues for growth and strengthen UTONIC’s position in the TON blockchain.

The core team of UTONIC Protocol have dived deep into DeFi and worked to catch up with the need for restaking. Supported by TonStake, iZUMi Finance, InfStones, SatLayer, StakeStone and inspired by EigenLayer, UTONIC combines innovation with TON’s unique use-cases, empowering TON’s validators as well as individual token holders, to enhance the security and scalability of local dApps.

The pre-launch event of uTON unfolds with several major partnerships, including Bemo and Ston.fi, who contribute to the on-chain liquidity of uTON.

stTON (a liquid-staked version of TON) of Bemo is now an applicable collateral for minting new uTON. Ston.fi will support uTON liquidity farming by providing extra incentives.

Available Staking Events

Along with the launch of uTON pre-staking program, UTONIC Protocol also announces two major events to generate exposure among users outside the TON ecosystem: TonicWave and Binance Web3 Wallet Campaign.

TonicWave is a Points Program designed to allocate UTONIC’s native token to reward the loyal users of UTONIC Protocol.

By depositing TON tokens into UTONIC Protocol and mint uTON, or supplying uTON tokens to designated staking pools, users will passively earn UP points while enjoying the native yield provided by uTON. 

In collaboration with Binance Web3 Wallet, UTONIC Protocol will also launch an exclusive campaign to enable the users of Binance Web3 Wallet to enter the Restaking layer of The Open Network. Through yield opportunities and task-based events, UTONIC Protocol is expected to onboard a new wave of Web3 users to enter the restaking and DeFi layer of TON Blockchain, driving real adoption cases.

Further details of the Binance Web3 Wallet campaign are to be revealed.

Envisioning the Future of TON Blockchain through Restaking

The crypto industry is currently undergoing a time period that lacks new users and adoption cases. The Open Network has gained popularity through the adoption of mini-apps on the Telegram app, and has caught the market’s attention with the speculation that it will continue to onboard millions of new users.

Unlike many popular Telegram mini-apps that are built on Telegram but have not interacted with the TON blockchain, UTONIC uplifts the yield opportunity for applications built on TON, encouraging innovations and foraging use cases for the TON blockchain. 

Through UTONIC’s restaking approach, the security of dApps and protocols on TON and Telegram can be strengthened. UTONIC incentivizes users to restake TON and encourages protocols to join as AVS partners, maximizing the security of the TON and Telegram ecosystem.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

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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.

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

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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.

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

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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

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