There has been some big news in the last week in the crypto markets. One of the biggest is the new partnership between Conflux, Qtum, and Tenet, which is geared to provide Tenet with more exposure in the Chinese crypto scene.
Layer 1 Blockchain Tenet Partners With Conflux and Qtum
Tenet, a Layer 1 protocol built on the Cosmos network, has announced a partnership with Conflux and Qtum. This partnership is a strategic move that is expected to allow the liquidity staking protocol to deepen its roots in the Chinese and wider Asian crypto community.
Conflux is a blockchain protocol with a heavy presence in China. It describes itself as the only regulatory-compliant blockchain in the country. It has previously partnered with several brands and even government agencies. These include McDonald’s China, China Telecom, and the City of Shanghai.
Qtum also enjoys a strong presence in the Chinese crypto scene and has enjoyed its own share of big partnerships. In 2018, the proof-of-stake (PoS) blockchain collaborated with Amazon Web Services (AWS) China division.
Tenet’s announcement says that partnering with Conflux and Qtum will integrate the blockchain into a market they say is often isolated from Western crypto projects.
Qtum and Conflux users will both stake at least $1 million worth of their tokens. This is to help secure each protocol. In return, they will receive liquid staking derivatives (LSD) issued by the firm Ankr, which they will bring to Tenet’s network and re-stake in order to increase their yield.
HedgeUp prepares for regulation before launch
The widely popular presale token, HedgeUp, will be launching sometime in the coming months. And in preparation, the project has been doing all it can to adhere to the required rules and regulations in different parts of the world.
The HedgeUp team has been doing extensive consultations with lawmakers and law experts to ensure that its investment platform will be as accessible as possible to as many people as possible when it launches.
HedgeUp (HDUP)’s investment platform is a marketplace of alternative assets. Here, users from all over the world will be able to anonymously and securely invest in alternative products like jewelry, diamonds, gold, artwork, and more by buying and selling non-fungible tokens (NFTs) backed by these assets.
HedgeUp (HDUP) has been running a presale for the past month and a half as a way to raise funds. So far, the presale has managed to raise over $2 million in three stages. The presale will go on until stage 8.
It should be viewed as an opportunity for investors to grab what some experts consider to be the best utility token of the year. Currently selling for $0.020, analysts have predicted that HDUP will gain between 3,000% and 10,000% before the end of 2023.
There are less than 25 million HDUP tokens left before the presale moves on to the next stage for a higher price. Given the speed of the presale’s previous stages, this should happen in a week or so.
Find out more about presale here:
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Source: https://www.thecoinrepublic.com/2023/05/29/layer-1-blockchain-tenet-partners-with-conflux-and-qtum-for-more-exposure-in-china-10x-hedgeup-hdup-prepares-for-regulation/