TokenPay completes acquisition of 9.9% of Germany’s WEG Bank

TokenPay, a decentralized and self-verifying payment platform project today announced that it has officially closed a deal with WEG Bank AG, located in Berlin, Germany.

Share certificates representing 9.9% of the equity interest in WEG Bank AG have been transferred to TokenPay Swiss AG, along with options to acquire an additional 80.1% of the bank upon customary regulatory approval.

The proceeds of this transaction were obtained from TokenPay’s December 2017 token sale. As outlined in the TokenPay  roadmap, the company completed this partnership during Q2 2018, in line with its November 2017 projections.

As discussed by the TokenPay team last month, it is important to understand the history of this deal, they stated:

“We were approached by WEG Bank in December 2017. The bank has an interest in offering FinTech solutions that will align itself with the new economy, while at the same time continuing to service its existing real estate client base in a traditional fashion. Our leading technology complex is what ultimately afforded us the opportunity to be selected by the bank for this partnership. We feel that the selection of TokenPay is a strong testament to our advanced knowledge and the amazing team that powers our platform.”

Lichtenstein Bank and Partnership

TokenPay also stated that they have recently been approached by a bank in Lichtenstein with a similar type of proposition. The TokenPay team is planning to meet with this bank in June and expects to be able to form a comparable partnership to the one formed today with WEG Bank.

Now that this deal has been completed, TokenPay further reported today that it has entered into a non-binding verbal commitment with a potential partner to bring its technological blockchain expertise to the partnership. The details of this potential deal are covered under the secrecy provisions NDA. However, the team does expect this deal to close by the end of the month.

This content was originally published here.

This content was originally published here.

Binance Launchpad announces upcoming token launch of Perlin, startup developing the fastest public blockchain | Binance Blog

Binance Launchpad––’s token launch platform for transformative blockchain projects––has announced support for its eighth project of the year, , a Singapore-based startup behind a new blockchain protocol project. Perlin is developing the Wavelet distributed ledger, built on a new and pioneering ‘leaderless proof of stake’ consensus mechanism developed for easily deploying decentralized apps. Perlin’s Wavelet aims to provide the fastest public blockchain, processing over 31,240 payment transactions per second and finalizing transactions in 1-4 seconds across millions of nodes.

Perlin has secured major partnerships with organizations including the Singapore government, which has provided funding, network and strategic support for Perlin and its service for various financial organizations through Enterprise Singapore, the government agency championing enterprise development. Perlin has recently raised investments from Kakao Investments, Arrington XRP Capital, FBG Capital, and Bitmain, among others. Perlin’s token sale on Binance Launchpad will follow an and begin on August 9, 2019, at 00:00 UTC. 

Perlin opens the way for mainstream integration of distributed ledger technology (DLT) in global trade and commerce, by addressing scalability issues and dilemmas plaguing all other public blockchains through Wavelet, which is built on a directed-acyclic-graph (DAG)-based consensus protocol.

“At Binance Launchpad, we continue to support blockchain startups striving to bring sustainable development to the crypto industry and make blockchain technologies more accessible to individuals and companies. Perlin has great potential with its team providing a new blockchain scaling solution and unique leaderless consensus algorithm that will facilitate digital global trade, cloud computing, and other decentralized apps,” said Binance CEO and Founder, CZ (Changpeng Zhao).

“Our leaderless, practical, user-friendly and open-source ledger Wavelet outperforms every other public blockchain and we see ourselves as a public open enterprise DLT. This is why the International Chamber of Commerce, Singapore Government, Indian Government, and major business chambers around the world are comfortable working with us,” said Dorjee Sun, CEO of Perlin. “Web Assembly through Javascript and Rust allows millions of developers to create programmable smart contracts on Perlin, paving the way for mass adoption for everyday real-world applications across every conceivable industry”. 

Perlin is also focused on attracting developers to its platform and provide them with advanced solutions for building dApps. The platform supports WebAssembly smart contracts, decentralized governance, and system upgradeability. Additionally, since running a Wavelet node only requires 512MB RAM and a healthy internet connection, validators will be able to earn staking rewards using just their phones and laptops. 

Perlin will be the eighth project to be hosted on Binance Launchpad this year. The previous project, Wink, successfully completed its token sale in late July, having managed to raise funds from 40,870 investors from around the world.

Learn more about Perlin in Binance Research’s in-depth report:

Stay tuned for the latest updates via Perlin’s official Telegram:  and Twitter:  

About Perlin

Perlin’s Wavelet is the world’s first truly leaderless proof-of-stake blockchain, supporting WebAssembly smart contracts accompanied by dead-simple JavaScript (AssemblyScript) and Rust smart contract SDKs. Wavelet is the fastest public blockchain on the market for developers to easily build highly resilient applications. Apart from high scalability and speed, Wavelet also has the lowest-barrier-to-entry for network node operators, enabling users with low-powered laptops and smartphones to participate. Perlin is partnered with the International Chamber of Commerce and supported by the Singapore Government to power the future of decentralized technologies. Perlin will accelerate and transform international trade for a more digital, autonomous, efficient and fair trading economy.

About Binance Launchpad

Binance Launchpad is the exclusive token launch platform for entrepreneurs to bring the most transformative crypto projects to life, with the help of Binance users around the world. Projects accepted to launch on Binance Launchpad will have greater access to resources and support from across the Binance ecosystem.

About Binance 

Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. The Binance ecosystem is comprised of Binance Exchange (the leading global cryptocurrency exchange), Labs (venture capital arm and incubator), Launchpad (token sale platform), Academy (educational portal), Research (market analysis), Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability) and Trust Wallet (Binance’s official multi-coin wallet and dApps browser), as well as Binance Chain, a blockchain software system developed by Binance and the community. For more information, visit:  

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Binance Labs Initiates the First Game Oasis Hackathon Focused on Blockchain Gaming | Binance Blog

Game Oasis Hackathon is a global gaming hackathon co-hosted by , Cocos-BCX, Celer Network, Contentos, and Matic Network. The hackathon consists of three rounds including the preliminary online hackathon to onsite hackathons in 4 cities; Shanghai, Seoul, San Francisco, and Bengaluru.

In Round 1, participants are required to register as a team. In Round 2, teams are required to build new games and compete for the opportunity to enter the next round of hackathons, which will happen in one of the selected cities across the world. In Round 3, the selected teams will gather up to build new games based on a given topic in 48 hours. The top 3 winners of each final hackathon can claim the prize of Easter Eggs. Judges will also select a winner of all hackathons. 

Round 1: Ready Player

In this round, participants need to register their team and join the Telegram channel. Registration has been open since Aug. 2, 2019. For registration, attendees will need to submit the following information: 

Name and a brief introduction of each team member

Team leader’s contact (Email/Telegram/Wechat)

Round 2: Multiverse

In this round, participating teams are required to build games based on a designated topic. Teams can choose to build a new game or use the game that they have previously built to participate. After online reviews, judges will select teams for offline hackathons. The submission deadline is Sep. 2,  2019, and the accepted teams will be announced on Sept. 9, 2019

Teams will build a reaction-type or rule-based HTML-5 game (Games are not necessarily built using blockchain technology in this round.)

The attending teams should upload the game videos to Youtube and submit the link together with their Github link. 

Round 3: Oasis Arena 

Oasis Arena is a series of 48-hour on-site hackathons. The topic for Round 3 will be blockchain gaming. At each on-site Hackathon, there will be mentors providing support on how to integrate blockchain technology with traditional games. 

The serial onsite Hackathon will kick off in Shanghai, China (“GO Shanghai” ), hosted from Sept. 20 to Sept. 22. The top three teams will win 30,000, 20,000, and 10,000 Chinese yuan worth of prizes, respectively. Other teams will have access to discussion with organizers and investors. Most notably, the winners will have the opportunity to discuss investment from Binance Labs. 

Other hackathons will take place in the United States, South Korea, and India. Details of the following hackathons will be disclosed soon.

About Binance Labs

Binance Labs is the venture arm of Binance, established to incubate, invest in and empower blockchain and cryptocurrency entrepreneurs and communities. The mission of Binance Labs is to support industry projects that help grow the larger blockchain ecosystem, realizing the full potential of blockchain technology and its social impact, while increasing cryptocurrency adoption globally. Through incubation and direct investments in top founders and projects, Binance Labs supports fast executing teams in discovering product-market fit and nurturing life-changing ideas.

For more information on Binance Labs, visit:

Learn more about the Binance Labs Incubation Program at

This content was originally published here.

Verge-TokenPay Mystery Partnership To Produce Debit Card – Crypto Coins Reports – Crypto coins reports

Surely, Verge’s (XVG) crowdfunding campaign would have not been a timely successful one if not for the contribution of an Angel Investor in a new currency known as TokenPay who underpinned the big share of the achievement.
Of the total fund generated, TokenPay tagged “world’s most secure coin and has been called Bitcoin on Steroids” shouldered a big sum of 66.5 million XVG.
Prior to the event, the cryptocurrency had promised to unveil a mystery partnership if the campaign was successful within the slated date.
“If our goal is met, we will be releasing the name of the company Monday, March 26, 2018.”
Completing the task within the date, people’s curiosity for the announcement rose to the peak while Verge community dashed their anticipation, stating that it will disclose the partnership on April 16.
As time flies, and the days seem like a month of Sundays, nothing seem to be clear to the crypto lovers but just a gesture from the altcoin signaling the mystery partnership might involve the angel investor –TokenPay.
VergeLife, in a tweet on April 4, stated TokenPay’s thought for donating to Verge.

Source: Twitter
Verge-Tokenpay To Produce TPAY And XVG Debit Cards Soon.
Not the end, giving a clearer vision on the mystery partnership, on April 8, TokenPay tweeted stating:
“#TokenPay CEO @derekcapo meeting in Munich earlier today for breakfast with key stakeholders of the German bank. A deal in principle has been agreed upon by all parties. We will provide full details at closing, but can say that $TPAY and $XVG debit cards are likely coming soon.”
While acknowledging the tweet, VergeCurrency retweeted TokenPay’s post.

Source: Twitter.
Verge’s Heist 
On Wednesday April 4, the “secure and anonymous” altcoin’s integrity was once questioned again after the previous hack on its twitter account.
The heist was made successful as the hackers took over 51% of the network’s Hashrate, carting away over 250,000 verge according to Ocminer’s post on Bitcointalk forum.
Subsequent to the raid, the development team behind Verge stated that the event has forced them to propose a hard for the altcoin in a bid to make it less vulnerable and live up to its billings.
On April 7, Verge tweeted that it has successfully hard forked the currency.
“We have successfully forked! **We are not doing any ETH give away’s, as seen below by spam accounts** $XVG #vergefam.”
Just today, Verge made an announcement on its Twitter holding that it has successfully solved its vulnerability problem.

Source: Twitter.
The post Verge-TokenPay Mystery Partnership To Produce Debit Card appeared first on Crypto Coins Reports.

This content was originally published here.

This content was originally published here.