Press Release

Hugo Finance: The Boss Encouraging Governance Rights and Financial Freedom

Published

3 years ago

April 12, 2021

Hugo Finance is an upcoming DAO, bringing its DeFi token, HUGO, on the Binance Smart Chain. Hugo dedicates its resources to allow users to make decisions on essential changes on the platform. On the other hand, HUGO will be the native token once the DeFi project launches its DAO. Hugo launched its initial seed round on 13 March, with its soft cap set at 500 BNB, managing to hit the 280 BNB mark by 30 March. The inherent plans to launch its token on Unicrypt will help the project reach a larger audience than before following a listing issue on PancakeSwap. Hugo Finance encountered a problem after realizing that HUGO was listed on the swap without any liquidity. This element makes it hard for Hugo enthusiasts to participate in the pre-sale. As it stands, it created a new smart contract to deal with the obstacle while preparing for another listing on PancakeSwap.

Hugo, The Boss Supporting other Bosses

Hugo describes itself as a cute yet tough project, hoping to reshape the dynamics of DeFi governance systems. By recognizing the shortcomings of centralized platforms, the project chose the decentralized counterpart to maximize its potential to create the best platform for its users. In its opinion, the power over funds should be to users and not intermediaries within the financial industry. Hugo wishes to create a better environment for financial access and empowerment to users through decentralized governance. The Binance Smart Chain stands as a gateway to progress as it continues to garner more popularity within the crypto space. Combined with its scalability and low costs, Hugo and its investors stand to reap the most favorable results for all.

The Deflationary Token

Hugo Finance and its token are doing well despite the recent token listing setback they faced. The project is close to its second PancakeSwap listing, initially set to go down on 10 April. It has also decided on reshaping its distribution criterium to airdrop its new token to all holders as registered after 31 March. The ratio will be 1:1 after the automatic launch and liquidity lock on PancakeSwap. Although some might not stand for the current undertakings, Hugo wants to applaud its token holders as of 30 March for their undeterred patience with a 5% increase in their holdings. The community has voted on an extended period for the pre-sale to enable the project to achieve its soft cap. Every user can invest a minimum of 0.25 BNB and a maximum of 25 BNB. The project took ample time on every decision to concoct HUGO as a deflationary token; meaning, there will be a lower circulation of the token after every transaction. While it may be a little complex to understand the whole process, here is a breakdown of what will happen. During every transaction, the HUGO receiver will acquire only 98% of the tokens sent. The remaining 2% ranks as transactional fees on the network to stand as rewards shared proportionally among all token holders. However, 50% of the transactional costs will go to the burn address, the biggest HUGO holder holding 50% of all HUGO in circulation. The remaining 50% is what will be distributed to the holders as rewards. Since 25% of the HUGO in circulation was dedicated to the pre-sale, 10% will be used for liquidity, 10% for marketing, rewards, and development, while 5% will go towards charity.

Building a Trustworthy Ecosystem

Hugo Finance takes to heart the necessity of holding users’ trust and the safety of holders’ funds. On that account, it rounded up on the logistics surrounding its KYC verification process. The verification process fell into the hands of the auditing firm, Pass or Fail, completed on April 4. Hugo now stands as a KYC verified project with the auditing firm placing the project at a 4.5/5 pass rank. This move establishes that all the team’s information will be minted on an NFT card and available to authorities in case of discrepancies. In short, Hugo is trying to assure users that their funds are secure. Other developments are on their way as Hugo is an actively growing environment. It hopes to attain more listings, develop its DAO, build an NFT platform, and conduct a smart contract audit before the end of this quarter. Last, yet notably, Hugo is seeing unprecedented growth in its community who finds ways to expand the network fruitfully. Join its social platforms of Telegram, Twitter, and Discord to be up-to-date with each and every plan closing in.

Press Release

Blockchain Life 2024 Thunderstruck in Dubai

Published

1 day ago

April 24, 2024

Crypto Chain Wire

The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai.

Representatives of the crypto industry have always stood apart, largely due to their unique character and the nature of their activities. After all, they are pioneers. And the most massive flood in Dubai in the last century did not prevent 10,162 people from meeting at the long-awaited Blockchain Life 2024, even despite the postponement of the second day of the forum. Needless to say, the atmosphere on the site was indescribable – a very special unity saturated the air.

Throughout the event, the crypto community engaged in insightful discussions, made valuable connections, and struck important deals. Forum stages featured over 160 renowned speakers and industry leaders, including heads and management of Binance, Chainlink, Tron, Bybit, OKX, DFINITY, Ledger, Animoca Brands, Ton, Cardano, Singularity Net, LayerZero, Tether, Ripple, Trust Wallet and more.

The exhibition of crypto companies featured 133 booths, which makes it the largest web3 expo in 2024. Such giants as OKX, HTX, Bybit, Bitget, BingX, Listing.Help, and Uminers presented their services, products and teams. This offered attendees a firsthand look at the latest technologies and innovations shaping the ecosystem.

“This year, we reached a milestone with 10,162 attendees. They know that the current market growth is just the beginning of a real explosion. The next wave is coming, which is why top projects, insiders, and funds gathered at Blockchain Life to finalize their preparations. Now, we are gearing up for a historic bull run that will be remembered for years.” commented the organizer of Blockchain Life, Sergei Khitrov.

As a grand conclusion to the forum, participants were treated to the celebrated Legendary AfterParty at one of the world’s premier clubs. Hours of informal networking with the cream of the industry took place in an all-inclusive format. The highlight of the event was an incredible live concert by the internationally acclaimed hitmaker, Alan Walker. With his chart-topping songs, Alan Walker captivated over 1,400 participants, showcasing the event’s impressive global reach.

Looking ahead, the 13th edition of Blockchain Life is scheduled to be held on October 22-23, 2024, providing participants with an opportunity to highlight their accomplishments and set the groundwork for future success.

Presale tickets and sponsorship applications for the upcoming Blockchain Life event are currently available – please visit https://blockchain-life.com for more information.

The organizers of Blockchain Life 2024 – Listing.Help and Jets.Capital.

General Sponsor of Blockchain Life 2024 and the Official AfterParty – Uminers.

Press Release

Beyond Centralization: Exploring a New Era at the World Blockchain Summit

Published

2 days ago

April 23, 2024

Crypto Chain Wire

The first day of the 29th global edition World Blockchain Summit concluded in Dubai, marked by a surge in enthusiasm for the technology’s future in the MENA region. Hosted at the JW Marriott Hotel Marina, the two-day event brought together industry leaders and innovators, highlighting the seamless integration of blockchain solutions into real-world scenarios.

Despite the challenge due to weather conditions in Dubai, the event attendance was remarkable with its turnout, sparking lively discussions, setting a dynamic course for blockchain’s evolution in the MENA region. True to its reputation, the Summit assembled prominent thinkers and showcased groundbreaking ideas. It provided an unrivaled space for attendees to learn, connect, and forge strategic partnerships.

Day one was marked by rich dialogue, inspiring keynote addresses, and forward-thinking ideas poised to expedite the adoption of crucial blockchain trends across vital economic sectors including finance and supply chain management.

In an inspiring opening address, Naveen Bharadwaj, Trescon’s Group CEO, kicked off the summit with a warm welcome, prepping the audience for an immersive exploration of Web3 and the key issues defining the blockchain world

Wolfgang Grabher, Founder, CEO and Chairman, SUN AG, delivered a keynote on how blockchain technology is revolutionizing the food industry. Addressing how 100 per cent token burn gives you food for free while also shining the spotlight on how falling token prices can be a good thing.

The day also featured a compelling panel discussion on decentralized finance (DeFi), led by Maha Al-Saadi, Head of Regulatory Affairs, QFC Financial Services Sector. The discussion focused on DeFi’s transformative impact on the financial sector and the integration of blockchain technology into its development. Panelists including Neeraj Khandelwal, Co-founder of CoinDCX & Okto; Talal Tabbaa, CEO & Co-Founder of Coin MENA; and Bandar Altunisi, Head of Development for Binance in Saudi Arabia, Head of Institutional Relationships for Binance Dubai (FZE), Binance, explored the synergy between DeFi and traditional finance systems.

A highlight of the day was a lively panel debate titled ‘Crypto Payments Evolution: Charting the Course Through Latest Innovations.’, led by Kevin Soltani, CEO, GIMA group. The discussion focused on the rise of stablecoins while examining the rapid advancements in blockchain interoperability solutions in enabling seamless communication and data transfer between networks. Panelist Jehanzeb Awan, Chairman, Crypto & Blockchain Association, Middle East, Africa & Asia; Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC. Circle; Reece Merrick, Managing Director, Middle East & Africa. Ripple, explored the role of CBDCs in reshaping the future of payments.

“We’re excited to bring together leading blockchain minds for another edition of the World Blockchain Summit, shaping the future of the industry.” said Naveen Bharadwaj, CEO of Trescon, “The Summit showcased Dubai’s role as a breeding ground for innovation, driving global blockchain adoption.”

With Day 1 wrapping up successfully, anticipation builds for what Day 2 will unveil. For more details on the World Blockchain Summit, please visit: https://www.worldblockchainsummit.com/

The 29th edition of the World Blockchain Summit is supported by:

Strategic Partners – DIFC Innovation Hub , Dubai AI & Web3 Campus

Co-Host – Sun Minimeal

After Party Sponsor – Floxypay

Gold Sponsors – Cardano Foundation , Medifakt, Crypto2Cash, Anbruggen, Bitflex

Silver Sponsors- Kreation, Coingames, Reat Capital, ACM Finance , Website AI, Vision Chain

Lanyard Sponsor- M2

Badge Sponsor – Ledn

Lunch Sponsor – Payper

Bronze Sponsor- BitGo, M2 , Block Convey, Genesis Digital Assets , Hedge , Golfin, Build-AI

Pitch Partners – Reat Capital , soukcola , MeAI , Zherpa , FidesInnova Labs, Pentagon Games

Exhibitors- DSQ Solutions , Reltime, Qoneqt , C# Corner , Islamic Dinar, Technoloader, Verichains, Vault, Ecotrader.io, Ideofuzion, NuChain, LCX

Official Accommodation Partner- HotelPlanner

Ecosystem Partner – Entrepreneur Media

Business Broadcast Partner – CNBC Arabia

Official Newspaper Partner- The Fintech Times

Official Digital PR Distribution Partner – ZEX PR Wire

ABM Partner- Demandify

Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association

Prime Media Partner- Demandteq

Community Partner – Hyperledger Foundation, THE DIGITAL CHAMBER

About World Blockchain Summit (WBS)

World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally.

WBS is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

For media Inquiries or partnerships please get in touch with:

Shadi Dawi

PR & Partnerships Director

shadi@tresconglobal.com

+971 55 498 4989

Press Release

Elevating Possibilities: The Countdown for WBS Dubai Begins!

Published

1 week ago

April 17, 2024

Crypto Chain Wire

Mark your calendars for an unparalleled gathering of blockchain and web3 pioneers as the 29th World Blockchain Summit, organized by Trescon and co-hosted by Sun Minimeal, is set to take the stage in Dubai. Scheduled for April 22-23, 2024, at the iconic JW Marriott Hotel Marina, this summit promises to be a cornerstone event, spotlighting the UAE’s progressive embrace of web3 technology and its vision for a future shaped by digital innovation.

The World Blockchain Summit has established itself as a seminal series, bringing together a global cadre of blockchain enthusiasts, innovators, visionaries, thought leaders, and policymakers. This forum serves as a critical platform for deliberating on the integration and implications of blockchain technology across vital sectors, reflecting the global economy’s evolving digital landscape.

Amidst Dubai’s transition towards a digital-first economy, bolstered by strategic government initiatives and a burgeoning digital infrastructure, the city emerges as a global beacon for blockchain and web3 innovation. The inauguration of the Dubai AI & Web3 Campus by DIFC, coupled with the establishment of the Virtual Assets Regulatory Authority (VARA) in Dubai, underscores the region’s commitment to fostering a dynamic digital ecosystem, attracting investors and innovators worldwide.

The upcoming summit anticipates over 2,000 web3 decision-makers, 300+ investors, and more than 100 distinguished speakers. A highlight of the event is the regional finale of the Startup World Cup, orchestrated by the globally renowned venture capital firm, Pegasus Ventures. This competition offers startups a gateway to global recognition and a shot at securing US$1 million in funding at the global finals in San Francisco.

#WBSDubai will showcase a series of compelling keynote addresses, use-case presentations by leading blockchain experts, and thought-provoking panel discussions. The agenda will cover pivotal topics such as the role of Central Bank Digital Currencies (CBDCs), the potential of blockchain to enhance ESG impacts, and the importance of interoperability within the blockchain ecosystem and more.

Some of the notable speakers attending the event include:

Pascal Gauthier, Chairman & CEO, Ledger
Roham Gharegozlou, Co-founder and CEO, Dapper Labs
George Gvazava, Chief Crypto Officer, Bank of Georgia
Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC., Circle
Yosuke Yoshida, Co-CEO of EMURGO Middle East & Africa CEO of EMURGO Kepple Ventures, EMURGO
Bandar Altunisi, Head of Development for Binance in Saudi Arabia Head of Institutional Relationships for Binance Dubai (FZE), Binance
Stefan Kimmel, CEO, M2
Richard Muirhead, Managing Partner, Fabric Ventures

Sharing their enthusiasm about the event, George Gvazava, Chief Crypto Officer, Bank of Georgia said,” In the realm of innovation, the World Blockchain Summit serves not only as a gathering of minds but as a crucible, where ideas are forged into the connections, use-cases and technologies of tomorrow.”

“As Dubai spearheads the UAE’s digital transformation, blockchain technology plays a central role. Trescon is at the nexus, linking pioneering entrepreneurs with elite global investors. The World Blockchain Summit stands as the definitive forum for revealing the forefront of blockchain innovation and insights,” states Sharath Ravi, CMO, Trescon.

Hurry, registration for the World Blockchain Summit in Dubai is still available! Reserve your spot now to be part of one of the year’s most anticipated blockchain and cryptocurrency gatherings. Act fast to seize this exclusive chance to participate and secure your tickets and sponsorship today!!

The 29th edition of the World Blockchain Summit is supported by:

Strategic Partners – DIFC Innovation Hub , Dubai AI & Web3 Campus

Co-Host – Sun Minimeal

After Party Sponsor – Floxypay

Gold Sponsors – Cardano Foundation , Medifakt, Crypto2Cash, Anbruggen, Bitflex

Silver Sponsors- Kreation, Coingames, Reat Capital , ACM Finance , Website AI

Lanyard Sponsor- M2

Badge Sponsor – Ledn

Lunch Sponsor – Payper

Bronze Sponsor- BitGo, M2 , Block Convey, Genesis Digital Assets , Hedge , Golfin

Pitch Partners – Reat Capital , soukcola , MeAI , Zherpa , FidesInnova Labs

Exhibitors- DSQ Solutions , Reltime, Qoneqt , C# Corner , Islamic Dinar