Posted by ZEX PR Wire

January 19, 2022

CELENFT Launches Celebrity-Focused NFT Platform

New digital platform sees a convergence of crypto and fiat.

Bangkok, Thailand, January 18, 2022, ZEXPRWIRE, Non-fungible tokens or NFTs have taken the international market by storm. According to recent data released by market tracker DappRadar, the sales volume of NFTs surged to $10.7 billion in the 3rd quarter of 2021. This is a market to take a serious notice of!

NFTs gained substantial interest from celebrities across the globe. NFTs are unique digital assets on blockchain that proves the authenticity of real-world items like music, videos, art, in-game items, digital images, even real estate and company ownership too.

NFT hysteria is spreading like wildfire in the Indian film industry in particular. From designers to  artists to big screen superstars, everyone is investing in NFTs and exploring this popular and emerging marketplace.

The Indian NFT market is backed by big names in the industry like Amitabh Bachchan, Sunny Leone, Salman Khan, Ritviz, Vishal Malhotra, Manish Malhotra and many more. The Crypto industry and specifically NFT’s are being promoted by stars and celebrities throughout Bollywood.

Celebrity NFT’s are Entering the Momentum Phase.  There is a steady stream of artists and celebrities joining the NFT space. Some are creating  tokens backed by massive budgets and are being launched on big platforms to attract buyers and promote themselves.

On the other hand, there are numerous artists, celebrities, musicians, etc. who want to get into the NFT market but lack the technological capabilities or the budgets to make it happen. To address this huge issue, Kulbir Singh Bhatia the founder of Cineblitz, a Thailand-based production house, is launching CELENFT, a platform to allow celebrities (and even regular people who want to feel like celebrities) to easily create and market their NFTs.

CELENFT has 3 Components to make all of this happen:

1. The CELENFT Wallet, that buyers and sellers can use to send, receive and store NFTs.

2. The CELENFT NFT Token Builder, where you can create and publish your NFTs.

3. The CELENFT Marketplace, where users can trade NFTs in real-time.

The entire process was designed to be as simple and easy as possible, just as simple as uploading a photo on Instagram.

“We want to offer our clients the ability to create and sell NFTs more easily to everything that is out in the market today. Our clients from Entertainment, Arts, Sports, Real Estate, Hotels, Wineries, Charities, or Merchants, can offer their customers the capacity to buy, sell and hold NFT’s by integrating with the CELENFT platform,” said Kulbir Singh Bhatia, Founder of CELENFT.

CELENFT has partnered with Incub8, a decentralized startup ecosystem, to assist them with getting the NFT infrastructure in place. Incub8 firmly believes that every individual deserves the right knowledge, contact, visibility with access to the funding they need. With NFTs gaining celebrity attention, it is just a matter of time before they reach mass-appeal.

About CELENFT

CeleNFT is where Celebrities come to Sell their Moments. CeleNFT is a blockchain company creating the NFT marketplace for celebrities and soon to be celebrities to sell their moments.

The CeleNFT Marketplace is where people can buy and sell their digital artwork, Music, Movies, Audio/ Videos files, Memes and any kind of digital creatives.

CELENFT is based on blockchain technology which is on the Ethereum And Binance Smart Chain Networks and payments are done through popular wallets .

Our products includes:

• CELEBLE Wallet

• NFT Website Builder

• CELENFT : Marketplace

Media Contact:

Kulbir Bhatia

Email [email protected]

The post CELENFT Launches Celebrity-Focused NFT Platform appeared first on Zex PR Wire.

January 19, 2022

LBank Exchange Will List Battle Esports Coin (BES) on January 20, 2022

INTERNET CITY, DUBAI, Jan. 18, 2022, ZEXPRWIRE, LBank Exchange, a global digital asset trading platform, will list Battle Esports Coin (BES) on January 20, 2022. For all users of LBank Exchange, the BES/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on January 20, 2022.

The current eSports market is largely capitalized by corporate sponsors, it’s not easy and efficient enough for players to realize monetization via current B to C structure. To solve this problem, Battle Esports Coin (BES) token and Libes make C to C transactions possible so that they can boost the economic activity of players, provide new entertainment for users, and revolutionize eSports market with leading-edge blockchain technology. BES will be listed on LBank Exchange at 16:00 (UTC+8) on January 20, 2022, to further expand its global reach and help it achieve its vision.

BES x Libes: Liberty Through E-Sports

Libes is a platform built to create new economies in the eSports market and expand the economics and value of eSports itself. Within the Libes eSports platform, users can bet on the tournament matches, give social tippings directly to players, and purchase players’ original NFTs and service NFTs. Players will be able to receive revenue from these features, which will allow them to perform in a completely different way from their previous economic activities.

As Libes’ governance token, BES is created for use on the Libes eSports platform and serves as the platform’s voting rights. By decentralizing rights, Libes aims to become a self-sustaining decentralized organization (DAO) made up of players and users.

The value of the eSports betting industry alone is forecasted to grow as big as 13.05 billion US dollars by 2025. BES and Libes plan to offer a steady roll out of betting services on games and other event to provide a new revolutionary forms of entertainment that will distinguish their platform and suite of services from those of conventional bookmakers.

Targeting markets for eSports gambling worldwide, BES and Libes will capture most target players and interest from the most robust markets in Asia starting with China, Korea, and Japan followed by the United States, and Europe. With the expansion of online gambling and the increasing popularity of eSports they aim to present a very interesting entertainment proposition to their target markets.

About Battle Esports Coin (BES)

BES token fulfills several purposes within the eSports gambling ecosystem. It serves as in-game currency and has exchange value inside the Libes eSports betting platform. Players can purchase BES tokens and place bets on eSports games as well as enjoy additional benefits from staking, tournament attendance, and engagement with the influencers defining the eSports scene. Implementing a DAO and reward mechanism, BES tokens can be earned by users for engagement and contribution within the ecosystem including the creation of NFTs, purchase of goods, gambling on tournaments.

BES is an ERC-20 token with a fixed initial issuance amount. Therefore, the distribution volume is limited, and the design is such that the value can be easily increased by creating demand. The total supply of BES is 100 billion (i.e. 100,000,000,000) tokens. 40% of it is provided for ecosystem, 17% is allocated for marketing, 15% is used for pre-sale/IEO, another 15% is provided for leadership, 6% is for initial liquidity offering, 5% is for sponsor, and the rest 2% is allocated to strategic advisor. BES is also prepared for staking on multiple DeFi platforms and can be rewarded.

The BES token will be listed on LBank Exchange at 16:00 (UTC+8) on January 20, 2022, investors who are interested in Libes investment can easily buy and sell BES on LBank Exchange by then. The listing of BES on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

Learn More about BES Token:

Official Website: https://bes-libes.io/

Telegram: https://t.me/libesglobal

Twitter: https://twitter.com/libesglobal

About LBank Exchange

Start Trading Now: lbank.info

Community & Social Media:

l Telegram

l Twitter

l Facebook

l Linkedin

Contact Details:

LBK Blockchain Co. Limited

LBank Exchange

[email protected]

The post LBank Exchange Will List Battle Esports Coin (BES) on January 20, 2022 appeared first on Zex PR Wire.

Tory Lanez is Releasing His NFT Collection with Decentar Labs

Tallinn, Estonia, 17th January 2022, ZEXPRWIRE, Canadian rapper, singer, and record producer Tory Lanez has unveiled his first-ever NFT collection with Decentar Labs, an NFT platform using non-fungible tokens and cryptocurrency to create value for the various spaces where blockchain technology needs to reach. His first collection, known as 3NITY, was launched on 14 January.

Lanez has not only joined the growing list of rappers and celebrities venturing into NFTs, but he has taken it a notch higher by co-founding Decentar, the platform behind the launch of his NFTs. After 4 months of creating beautiful, unique, and original artwork inspired by human nature, the 3NITY collection can be minted in three phases, starting at 0.1 ETH.

3NITY NFT Collection

The 3NITY collection is deflationary and periodic burning will make the collection scarce. This raises the overall value of the 3NITY NFT collection. The collection is fair-launched with no waitlisting.

The 3NITY collection is a representation of the ‘triality’ of self. It depicts the constant struggle that all humans face between their moral conscience (the ‘superego’ or angel), reality (the ‘ego’ or self), the and primitive, sexual, and aggressive parts of their nature (the ‘id’ or demons).

3NITY is represented by a three-headed collection – the human head, angel head, and demon head – all representing the varied form of existence referred to as 3NITY by Decentar Labs. Each head has a varying form of rarity and will be represented by yet-to-be-announced muses. The demon head would be represented by a canceled celebrity.

Over the next 12 months, the collection will be represented in film (animation), fashion, and 3D art collectibles.

“I am super excited about the launch of the NFT collection. This is a space I think will bridge the gap between celebrities and their fans,” said Lanez. He continued:

“My aim is for my fans to have more engagement with me through NFTs, and more importantly, to have a front-row seat to celebrity culture and who we are deep inside.”

Not Just Another NFT

NFT enthusiasts who mint the 3NITY collection will enjoy additional benefits. Holders of the rarest NFTs can earn a piece of $1 million, depending on the rarity of their NFTs. They will also earn a royalty based on the value or number of non-fungible tokens they hold.

Holders can combine rare features from multiple 3NITY NFTs to create rare and more valuable non-fungible tokens. Decentar is working on partnering with a mainstream brand to turn its collection into designs on wearable fashion items that would range from clothing to footwear.

About Decentar Labs

Decentar Labs is a platform utilizing Non-fungible tokens as a medium to explore the various spaces where blockchain is needed and should reach. Decentar is creating collections inspired by celebrity culture and will be turned into NFTs, animated series and 3D printed collectibles.

Website: https://decentar.com/

Twitter: https://twitter.com/DecentarLabs

Instagram: https://www.instagram.com/decentarlabs/

Discord: https://discord.com/invite/7DqmDBkf7m

White Paper: https://decentar-static-assets.s3.us-east-2.amazonaws.com/whitepaper.pdf

Media Contact –

Decentar Labs

[email protected]

The post Tory Lanez is Releasing His NFT Collection with Decentar Labs appeared first on Zex PR Wire.

https://coinmarketcap.com/currencies/umbria-network/news/
https://www.coingecko.com/en/coins/umbria-network

Online Blockchain plc: The Red Village and Umbria Partner to Create a Seamless Gaming Experience

Summary: Highly anticipated blockchain game integrates Narni bridge widget into platform.

London, UK, 18th Jan 2022, ZEXPRWIRE, Umbria Network is providing The Red Village community with a fast, cheap and easy way to bridge ETH to the Polygon network (WETH) via its new bridge widget.

The Red Village is the first dark-fantasy Play-to-Earn (P2E) multiplayer NFT game on the Polygon network (formerly MATIC). NFT ‘Champions’ – characters played within the game – exist on Polygon. In order to purchase Champions, gamers will need to convert their Ether ($ETH) from the Ethereum mainnet to wrapped ETH on the Polygon network. Players will also require WETH to pay the buy-in when competing in the game’s flagship fighting Tournaments. Umbria’s Narni bridge widget will enable them to do this faster, and at approximately a 90% discount to other solutions.

Umbria’s Narni Bridge – https://bridge.umbria.network/ – has already been heavily adopted by the NFT community. The widget has all the core functionality of Narni and can be fully integrated into third party sites. Umbria developers have worked closely with The Red Village to help design a custom, rebranded bridge for its platform whereby players remain within the game’s ecosystem and can easily migrate their assets to the correct chain to enjoy a superior, frictionless user experience.

“The widget brings the huge speed and cost-saving advantages of the Narni bridge to end users inconspicuously within their native environment,” said Oscar Chambers, Co-founder/lead developer of Umbria Network. “We’re delighted to have The Red Village as the premier test case for the widget and are excited to be bringing the Narni experience to this wider gaming audience.”

Lucien Dorman, Co-founder of The Red Village, commented: “We’ve seen the Narni bridge used elsewhere in blockchain gaming to great success, and are thrilled to now have our own custom ‘The Red Village’ branded widget built for in-game use. Not only will this make our player experience easier, but also greatly reduce costs for players. It’s a win-win!”

The Red Village Mystic token drop (consisting of R4-R6 Champion Genotypes) will be on January 24th (Presale) and 25th (Public sale) – https://theredvillage.com/

Any project wishing to integrate the widget into their project’s platform should contact [email protected].

– ends –

See the latest data on UMBR on CoinMarketCap and CoinGecko:

About Umbria

https://umbria.network/
https://bridge.umbria.network/

Operating within the DeFi and NFT space, Umbria Network enables anyone to migrate cryptocurrency assets across chain cheaply and quickly and earn high APYs on those assets with no impermanent loss.

Umbria’s flagship Narni cross-chain bridge is solving current blockchain interoperability issues. Narni removes the difficulty and expense of moving assets between blockchains and is the fastest and cheapest cross-chain liquidity bridge between the Ethereum and Polygon networks. Narni eliminates the barriers to entry for engaging with DeFi applications and NFTs making them much more accessible to a wider audience.

The Umbria ecosystem, built on Polygon, has three major protocols:

1. A Cross-chain Asset Bridge: enables the fast and cheap transfer of assets between otherwise incompatible blockchains and cryptocurrency networks.
2. A Staking Pool: users can earn interest on their crypto assets by providing liquidity to the Narni bridge
3. A Decentralised Exchange (DEX): an automated liquidity protocol powered by a constant product formula, deployed using smart contracts and governed entirely on-chain. Provides fast and cheap token swapping

UK-publicly listed Online Blockchain plc (LSE: OBC) acts as Umbria’s coordinator, administrator and advisor. This provides a level of transparency rare in the DeFi space.

For media enquiries, contact Francesca De Franco – [email protected]

Media Contact

Company Name:-Umbria Network

Company Website:-https://umbria.network/

The post Online Blockchain plc: The Red Village and Umbria Partner to Create a Seamless Gaming Experience appeared first on Zex PR Wire.

iHealth COVID-19 Antigen Rapid Test gets big US order soon after launch

Foshan, Guangdong, 18th Jan 2022, ZEXPRWIRE, On January 13, Jiu’an Medical issued an announcement saying that in the past two months, its US subsidiary iHealth Labs. billion dollar sales contracts. The supply products are the iHealth new crown antigen home self-test OTC kit (hereinafter referred to as “iHealth kit“) developed and produced by the company, with a cumulative amount of over 300 million US dollars (about 1.9 billion yuan).

The announcement shows that as of the announcement date, the total amount of orders and contracts between the U.S. subsidiary and the New York State Department of Health has reached 1.18 billion yuan (including freight and taxes), exceeding 50% of the company’s main business income in 2020.

In addition, the announcement stated that the performance of orders and contracts is expected to have a positive impact on the company’s financial status and operating results, but it also reminds that factors such as changes in local epidemics, changes in policies, changes in supply chain capabilities, and logistics and transportation risks may cause some orders to fail. The contract cannot be fulfilled on schedule or in full.

At the opening of the day, Jiu’an Medical’s daily limit was quoted at 68.44 yuan per share, with a total market value of 32.76 billion.

Under the circumstance that the new mutant strain of Omicron is invading European and American countries on a large scale, the United States will implement the new crown rapid test plan on the 15th of this month, and the huge demand for testing reagents is coming from this.

According to the latest report from CNBC, the monthly demand for antigen reagents sent by the US government to the public for free may reach 2.6 billion doses, and the purchase amount involved is expected to exceed 10 billion US dollars.

In China, only the products of Jiu’an Medical, Oriental Bio and Aikang Bio have obtained EUA authorization from the US FDA to enter the local market and are the main suppliers of antigen reagents in the United States.

However, compared with the monthly demand of 2.6 billion doses, the existing capacity is still insufficient.

According to public information, Jiu’an Medical expanded its production to 200 million doses per month at the beginning of this year, Dongfang Bio has a production capacity of about 150 million doses per month, and Aikang Bio has a production capacity of about 100 million doses per month, with a cumulative monthly supply of no more than 500 million doses. Even if all of them are put into the US market, there is still a huge supply gap.

Under this circumstance, manufacturers of new crown detection reagents such as Meikang Bio, Botuo Bio, Wantai Bio and Wan Fu Bio are also applying for the relevant certification from the US FDA to participate in the division of this tens of billions of dollars in the market.

However, just the day before, Jiu’an Medical received a letter of concern from the Shenzhen Stock Exchange, which issued a “seven consecutive questions” to the company, involving the information disclosure of the iHealth kit test performance experimental report, etc.

In fact, since November 8, 2021, the company announced that its US subsidiary’s iHealth kit received an emergency use authorization (EUA) from the US Food and Drug Administration (FDA), and it has received letters of concern from Shenzhen four times. , and all related to its new crown testing kits sold to the United States. At the same time, during the period, the company issued multiple announcements of stock price changes to remind investors of risks.

However, from the perspective of stock price performance, Jiu’an Medical has not been greatly affected, but has been greatly sought after by investors. Since mid-November 2021, the company has achieved 26 daily limit, and the stock price has risen by more than 900%.

Why is Jiu’an Medical so far?

In fact, Jiu’an Medical was originally an unobtrusive medical device manufacturer, focusing on diabetes management and selling hardware equipment such as forehead thermometers, oximeters, blood pressure monitors, and blood glucose meters. Among them, self-operated brands account for more than 70% of revenue, and they also do OEM business, focusing on foreign markets.

The company was listed on A-shares in 2010. Before 2020, the net profit attributable to the parent in the past years did not exceed 100 million yuan, and even suffered serious losses in 2015 and 2017. In terms of total revenue, it is basically maintained at the level of around 600 million yuan.

The year of the outbreak in 2020 was a turning point for the company’s performance.

Due to the surge in demand for medical equipment and equipment brought about by the epidemic, the company’s revenue and net profit both increased significantly that year. Revenue increased by 184.4% year-on-year to 2.01 billion, and net profit attributable to the parent increased by 264.7% year-on-year to 240 million.

This year’s financial report shows that the income related to epidemic prevention materials was 87.87 million yuan, accounting for less than 50%. Moreover, the financial report did not mention the business related to new crown testing.

With the slowdown of the global epidemic situation, in the third quarter of 2021, due to the decrease in sales of anti-epidemic materials at home and abroad, the company’s revenue and net profit attributable to the parent also fell sharply, with declines of 60.9% and 104.4%, respectively.

The inflection point appeared on November 8, 2021. The company announced that the iHealth kit of its US subsidiary had obtained the EUA of the FDA, and said that the test product enriched the company’s product line and was its leading role in the field of IVD (in vitro diagnostic medical equipment). important breakthrough.

With the large-scale invasion of Omicron in Europe and the United States, the demand for rapid detection reagents has surged, and the share price of Jiu’an Medical has also risen all the way, with a continuous daily limit.

However, the huge overseas orders, coupled with the presence of Omicron in Tianjin, where the company’s factory is located, and the rebound of the epidemic situation have also aroused investors’ confidence in the company’s production capacity.

Media Contact

Company Name: iHealth
Contact Person: iHealth support
Email: [email protected]
City: Foshan
State: Guangdong
Country: China
Website: https://adjustablewholesale.com

The post iHealth COVID-19 Antigen Rapid Test gets big US order soon after launch appeared first on Zex PR Wire.

The Coming Messiah – The Law Online – EX 12:29-41

GA, US, 18th Jan 2022, ZEXPRWIRE, On January 4th, 2022, The Coming Messiah released another law update in The Law Online.

In this new update, The Coming Messiah reviews EX 12:29-41 YHWH Kills Firstborn / Pharaoh Demands Israel to Leave.

Link to Law: EX 12:29-41 YHWH Kills Firstborn / Pharaoh Demands Israel to Leave

The Law Online

On October 5th, 2021, The Coming Messiah released The Law Online. It is an encyclopedia based on The Law of YHWH (Yahweh); an extension of The Coming Messiah’s Book of The Law.

The Coming Messiah created The Law Online to allow worldwide accessibility to his simplified reading and reference form of The Law of YHWH, free of charge. The Law Online was also created to provide a platform for The Coming Messiah to further research and explain The Laws of YHWH, while he awaits a proper release for The Coming Messiah’s Book of The Law.

The Coming Messiah’s Version (TCMV)

The Coming Messiah’s Version (TCMV) is the primary bible version used in The Law Online.

The Coming Messiah’s Version (TCMV) is a clear, individualized version of The Torah. It is designed for an individual, in The House of Israel, that is reading to understand how to follow The Law of YHWH.

The Coming Messiah used a 2021 e-version of the World English Bible (WEB) and edited the text; primarily individualizing conversations to The House of Israel’s point-of-view.

The Coming Messiah did not reduce the purity or accuracy of YHWH’s Word.

The Law Online (Cover)

The Coming Messiah

The Coming Messiah is Shawn LaShay Armour, Jr., The Conqueror, The Ruler with a Rod of Iron, The Root of David, The Lion of Judah, The Lamb of God, The Lord of Lords, The King of Kings, The Faithful One, The True One and The Coming Son of our God, YHWH.

Media Contact

Company Name:-The Coming Messiah, Shawn LaShay Armour, Jr.

Company Website:-https://www.thecomingmessiah.com

The post The Coming Messiah – The Law Online – EX 12:29-41 appeared first on Zex PR Wire.

www.Twitter.com/Balltzeinu

Balltze Inu is proud to announce it’s recent acquisitions

San Fransisco, US, 18th Jan 2022, ZEXPRWIRE, “This goes to show we are a serious long-term company and wit these acquisitions we can validate ourselves as the TRUE Balltze Inu. This deal was expensive but it’s helpful because we don’t want those other projects with Balltze in their name’s to affect our price action.”

Included in the deal was the domain: https://app.airnfts.com/creators/BalltzeInu

We have effectively bought a stake in Baby Balltze 95,520,000,000,000 (locked for 3 months) VERY WELL DESIGNED NFT COLLECTION (now our gen 1).This is the first deal of this kind ever made on the blockchain.

“We saw Baby Balltze as very undervalued, and a good Asset for our portfolio, there was rumors That their dev use to be ad admin for Kishu’s old team.. we did Our research and confirmed it to to be absolutely true.”

We now are in position to launch our Gen 1 NFTS. We still remain our own Company. Aside from the acquisitions we are very separate and will Continue to work on Balltze Swap and our Gen 2 collection that will be Used in our augmented reality project.”

Social Media Names

www.T.me/Balltzeinu

www.Instagram.com/Balltzeinu

Media Contact

Company Name:-Balltze Inu

Company Website:-https://balltze.com

The post Balltze Inu is proud to announce it’s recent acquisitions appeared first on Zex PR Wire.

Wenzhou Ace Machinery Co., Ltd facilitates everyone’s home with its exclusive technological equipment

Zhejiang, China, 18th Jan 2022, ZEXPRWIRE, Wenzhou Ace Machinery Co., Ltd. is a modern enterprise specialized in design, development, manufacture, installation, and technical services. They are engaged in household chemical machinery, food machinery, pharmaceutical machinery, and Brewing equipment, with a solid technical force, excellent product development, design ability, and rich experience in production.

With the development and advancement of modern technology, the company continuously improves the quality of products and uses advanced technology at home and abroad to strengthen the internal management of the enterprise. Each process is carefully planned from the functional design, energy data, materials selection, welding technology, process quality control, and the appearance of the landscaping.

Their experienced engineers work closely with each customer to find the best possible solutions. They constantly work towards technical innovation combined with a stringent quality control system that has enabled them to deliver high performance and outstanding value in stainless steel applications.

The factory is over 6000 square meters, has more than 230 employees, including more than 120 undergraduates and junior college graduates and more than 20 senior engineers and technicians. The company devotes about 5% of its sales revenue to R&D every year; the company’s research and Development Center, the company, has established a casting laboratory, welding laboratory, and wear-resistant Materials Laboratory. Relying on their innovation ability and constantly improving their technology, innovation now has several patents, such as invention patents and utility model patents.

Main Products: Mixing Tank， Storage Tank, Distiller Equipment, Brewing Equipment, Food Machine, Evaporator & Concentrator, Pumps. Their items have been sold to more than 30 countries such as the USA, Canada, Sweden, Korea, UK, Australia, Chile, Russia, Vietnam, Ethiopia, etc.

Media Contact

Company Name:-Wenzhou Ace Machinery Co. Ltd

Company Website:-https://www.ace-chn.com/

The post Wenzhou Ace Machinery Co., Ltd facilitates everyone’s home with its exclusive technological equipment appeared first on Zex PR Wire.

Rematic Tokens LLC Remains Strong Despite Falling Victim to Sophisticated Scam

Baltimore, MD, 18 Jan 2022, ZEXPRWIRE, Just a week ago, Rematic Tokens LLC revealed that it fell for a sophisticated scam during its recent AMA. According to the project’s team, the scammers walked away with 20 trillion $RMTX token worth $300,000 USD. Fortunately, the project recovered quickly and continues to grow even stronger thanks to its strong foundation and high community trust.

At the time of writing, Rematic hasn’t been able recovered the stolen funds, however, the U.S. authorities have been notified of the attack. Nevertheless, the company’s CEO, Mike Pazuki, announced that several new measures have been put in place to tighten security and avoid future incidents like this.

How It Happened

Last year, Rematic announced it would host an AMA Session in early January. The event represented an excellent chance for the project to solidify its trust and transparency. Also, it would give investors a sneak peek into the platform’s development status, budgetary updates, and how their voting service will work.

The AMA Session kicked off on January 2 with overwhelming community support. Unfortunately, it also brought some unwanted attention as the unidentified scammers saw an up and coming project as an opportunity to defraud them.

Rematic CEO commented on the incident:

“RMTX was scammed out of 20 Trillion RMTX, which was valued at $300k at the time this happened. This was done through a reverted transaction of over 7 BTC during the transfer of RMTX to and the supposed investors.”

Allegedly, a group of so-called investors expressed their interest in RMTX tokens. They provided verifiable LinkedIn accounts and credentials, appearing as reliable, well-intended investors. Therefore, the core team did not have a reason to suspect any malicious actions.

The well-planned scam played out over several days after the initial contact. During this period, both parties engaged in several conversations about the company, future objectives, various investment options. After an agreement was struck, the two parties conducted small transactions involving negligible amounts to confirm wallets. After that was completed, the imposters sent over 7 BTC in exchange for 20 trillion $RMTX. During the large transfer, the scammers reverted the BTC deposit. They then quickly liquidated the received RMTX, thus allowing them to keep their 7 BTC and cashing in on selling all of the RMTX they just received.

After notifying the authorities, Rematic immediately informed its community about the incident, sticking to the team’s mantra, “Transparency Above All Else.”

This is not the first time an up-and-coming project has fallen victim to this kind of crypto scam. There are at least two other communities victimized by the same attack, however, Rematic has been hit the hardest so far.

How Rematic Tokens LLC is Rectifying the Incident

The ongoing issues could taint Rematic’s credibility with the public. Nevertheless, the platform is working to regain its members’ trust. Also, the team expressed their gratitude to the community, which is continually offering its support publicly through multiple AMA sessions.

The core team encouraged users to express their opinions on the issue freely and openly called for stricter security measures:

“While other tokens were scammed for smaller amounts, they have not yet been able to recover from this as RMTX has. We credit this to our amazing community, which has rallied around this incident, and because of their support, we are stronger than ever before. We are extremely fortunate to have a community like this.” – CEO, Mike Pazuki

Now, Rematic is working with attorneys and accounting professionals to implement better policies and practices in regard to organizational financial management. This will ensure the project remains true to its mission of making the crypto space better and safer for everyone.

About Rematic Tokens LLC

The $RMTX token reflects EGC on the Binance Smart Chain allowing users to hold $RMTX to earn $EGC. On top of that, having $EGC will enable you to earn $BUSD.

The project launched on December 3, 2021, and has grown steadily since its debut. During the token launch, it garnered 1000 BNB in less than 3 hours, further proving its impressive potential. Currently, the team believes that $RMTX is still just in its infancy with some much potential for growth. Its community now has over 5000 members and growing by several hundred per day. With the decentralized blockchain-based voting platform due for release towards the end of Q2 2022, the best is yet to come for this new project.

For more information, visit:

Media Contact –
James Lewis
Rematic Tokens LLC
[email protected]

The post Rematic Tokens LLC Remains Strong Despite Falling Victim to Sophisticated Scam appeared first on Zex PR Wire.