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The First Blockchain-Based Government Platform Set to Become a World Leader in Finance and Technology
Blockchain technology has incredibly transformed the tech and finance space. Innovations based on blockchain technology notably decentralized finance (DeFi) has brought new dimensions to the finance space eliminating the numerous challenges experienced in traditional finance. And as several governments continue to take up the blockchain technology, their economic growth is definitely anticipated. Blockchain technology has the capability of solving challenges hindering economic development in developing countries including underdeveloped infrastructure, corruption, poor economic policies and lack of supporting technology.
In regards to governments taking up blockchain technology, the United Allied States (UAS) stands out. UAS is the first blockchain-based government platform set to become a world leader in finance and technology. The platform employs the blockchain technology to establish sovereign states in partnering nations. The sovereign states propel UAS to become the world leader in finance and technology. Read on to find out how the United Allied States is set to become a world leader in finance and technology.
United Allied States (UAS) Unraveled
The United Allied States is an independent, sovereign authority that seeks to become a world leader in technology and finance. The sovereign entity seeks to bring together partnering nations to create economic freedom across the globe by facilitating a free-market economy, protect and preserve human rights, eliminate excessive taxation and implement favourable government policies. These states would promote the value of freedom, respect for human life as well as free-market enterprise.
UAS was founded on a mission to “preserve and protect individual rights and liberties by enabling free-market activity; by protecting the sanctity of life; and by minimizing government taxation and regulation.
In the long run, the United Allied States will enable unprecedented economic growth by fostering the creation of wealth and promoting the values of individual freedoms, free enterprise and respect for human life.
By implementing laissez-faire market conditions where individuals and businesses will pay 0% corporate tax and 0% personal income, UAS will empower businesses to grow. Additionally, low regulations will foster innovation to enable UAS to become a world leader in finance and technology.
Utilizing Blockchain Technology in Economic Empowerment
UAS government structure is built on blockchain technology involving an expansion model of mutually beneficial sovereign special economic zones. These zones also referred to as sovereign states will range from 1, 000 hectares to 200, 000 hectares –approximately larger than the Vatican or twice the size of Hong Kong. UAS will develop between 12-24 sovereign states worldwide which will be interlinked using blockchain technology.
Each sovereign state will function as a critical economic zone offering the partnering nation the needed energy, infrastructure, food, jobs and other resources needed for economic development. UAS will also sign a treaty with partnering nations to allow UAS to bring onboard foreign investors, foreign companies, citizens and other players.
Apollo Fintech, The Supporting System of UAS’s Technology
UAS partnered with Apollo Fintech to provide blockchain solutions and other technology needed for economic growth. Apollo Fintech is the world leader in blockchain solutions and related technology having already implemented blockchain technology in several governments and businesses, across the globe. Some of the most outstanding blockchain solutions for governments developed by Apollo Fintech include Apollo National Currency System, Apollo Tax System, Apollo Commodity Exchange, Apollo Mineral Claims System and Apollo Government Bank Platform.
Apollo Fintech will develop and maintain advanced blockchain government systems for UAS. Apollo’s outstanding innovations and capabilities will indeed propel UAS to be the world leader in finance and technology. As such, Apollo’s custom made will ensure that the sovereign territory’s resources are managed transparently and securely minimizing wastages and enhancing usability.
Commenting on the partnership, Wessel Sevenster, Congressman of UAS stated that they were excited to employ Apollo Fintech’s innovation and technology capabilities as it would be instrumental for UAS to achieve its goal of becoming the world leader in finance and technology by efficiently maintaining free-market enterprise across all of its states and territories. “We believe Apollo’s government products are at the forefront of E-governance and payment technology, these tools will give UAS citizens and businesses an economic advantage in the global marketplace”.
Apollo Fintech’s CEO Stephen McCullah stated that the company was glad to support UAS vision of developing the world’s most financially and technologically sovereign states. He stated that the partnership would enable Apollo to showcase its full technological capabilities. “This partnership will show that innovative blockchain technologies can not only preserve individual liberty but also advance the civic and economic interests of citizens businesses in a free-market system.
Among the many technologies offered by the Apollo Fintech, UAS will specifically be utilizing Apollo’s National Currency Platform– an unhackable government platform that facilitates the sending and receiving of a Country’s national currency on an incorruptible ledger without the security, uptime and transparency challenges experienced on a centralized system. NCP solves issues such as manipulation, downtime, slow transactions, security vulnerabilities and scalability issues. The sovereign states will adopt the National Currency Platform as the central system connecting the states and citizens with the government service. The National Currency Platform will also be integrated with Apollo Fintech’s Tax System to make tax collection more efficient and transparent.
Closing Words
United Allied States (UAS) is the world’s first blockchain-based government platform set to become a world leader in finance and technology. The entity will leverage the blockchain technology to create independent, sovereign states that will spur economic development in partnering states. These states will be built on free-market principles that will lead to long term economic growth and prosperity. By partnering with the world’s leader in blockchain technology solution, Apollo Fintech, UAS is set to become the world leader in finance and technology.
In a strategic move to capitalize on the growing interest in cryptocurrency investments, Hashdex has announced its plan to launch a new Hashdex Nasdaq Crypto Index US ETF, which will track both Bitcoin (BTC) and Ethereum (ETH).
On Tuesday, Nasdaq published the 19b-4 application for this groundbreaking ETF, marking a significant development in the crypto investment landscape. Unlike traditional ETFs that focus on a single cryptocurrency, Hashdex’s new offering aims to provide exposure to the two largest digital assets by market capitalization simultaneously.
The decision comes shortly after the SEC’s approval of Bitcoin Spot ETFs earlier this year and amidst ongoing evaluations of various 19b-4 applications for Ethereum Spot ETFs in May. This move positions Hashdex uniquely in the market, allowing investors to benefit from the potential of both BTC and ETH in a single investment vehicle.
Bloomberg expert Seyffart weighed in on the announcement, noting that a dual BTC and ETH ETF from Hashdex, weighted by market capitalization, is a logical progression in the evolving ETF landscape. While Hashdex opted not to pursue an Ethereum Spot ETF application alongside other major issuers, their focus on a hybrid ETF underscores their commitment to innovation and strategic diversification.
According to the application, the Hashdex Nasdaq Crypto Index US ETF will include cash holdings but refrain from incorporating additional cryptocurrencies. If approved, custodianship will be entrusted to industry leaders Coinbase and BitGo, with the SEC’s final decision expected by March 2025.
This initiative marks a significant milestone as the first US spot ETF application encompassing more than one cryptocurrency. Current plans allocate approximately 74% of the ETF’s portfolio to Bitcoin and 26% to Ethereum, reflecting the respective market capitalizations of these digital assets.
While similar investment products are already available in Europe, such as Bitpanda’s Bitpanda Crypto Index 5/10/25, which tracks the largest cryptocurrencies by market cap, Hashdex’s dual crypto ETF aims to provide US investors with a novel opportunity to diversify their crypto holdings within a regulated framework.
In summary, Hashdex’s innovative approach to launching a dual BTC and ETH ETF underscores the increasing integration of cryptocurrencies into traditional financial markets. As regulatory approvals progress, this ETF could pave the way for broader acceptance and adoption of digital assets among institutional and retail investors alike.
A Memecoin investor had to pay a heavy price for his mistakes. The trader lost over 340,000 US dollars in one minute. How the faux pas could have happened.
Memecoin Trader Loses Over $340,000 in a Minute Due to Fraudulent Transaction
A memecoin trader has reportedly lost more than $340,000 in less than a minute, according to the on-chain analysis service Lookonchain on X (formerly Twitter). The incident involved two transactions on Solscan, revealing a significant financial mishap.
On June 18, the trader attempted to exchange 2,500 SOL (approximately $342,000) for the newly launched TrumpCoin (DJT) using a trading bot. However, instead of receiving the legitimate DJT tokens, the trader was duped into obtaining 92,000 fake DJT tokens created by fraudsters. These fraudulent tokens were worth significantly less than the genuine ones.
The transaction took place through a “fake” liquidity pool on Raydium. This pool was not sufficiently funded and was filled with DJT tokens created by scammers. When the trader attempted to convert the DJT tokens back to Solana, the scam became evident. Unfortunately, by this point, it was too late, and the trader’s initial 2,500 SOL had dwindled to just under 5 SOL—a loss of over $340,000. For the fake DJT tokens, the trader received only $673.
The DeFi (decentralized finance) space is rife with such scams, where fraudsters set up fake liquidity pools to exploit traders’ mistakes. Some decentralized exchanges (DEXes) issue warnings to users about these scams, but trading bots typically do not provide such alerts. This lack of warnings is especially problematic with newly launched coins, where traders can easily fall into the trap of exchanging for the wrong tokens.
This incident highlights the perils faced by crypto investors beyond the usual price volatility. The affected trader remarked on X, “Life goes on,” reflecting a resigned acceptance of the loss.
Despite this unfortunate event, the world of memecoin trading has its success stories. Some traders have achieved remarkable profits in short periods. For instance, one trader became a millionaire in just five hours, while another made a profit of $9.5 million in ten days by trading the celebrity token MOTHER, associated with US rapper Iggy Azalea.
This stark contrast between potential gains and significant losses underscores the high-risk nature of the cryptocurrency market, particularly in the memecoin sector. Investors are reminded to exercise extreme caution and conduct thorough research before engaging in such trades.
- Sygnum will contribute its digital asset expertise and operational experience as a regulated bank to further enhance the reliability of the WEMIX3.0 Mainnet
- The banking group will also participate in its protocol governance and contribute to the expansion of the WEMIX ecosystem
Leading global web3 developer Wemade is proud to announce that Sygnum, a global digital asset banking group, is joining the WEMIX3.0 Mainnet’s Node Council Partners as “WONDER 18”. The NCPs, known as 40 WONDERS (WEMIX On-chain Network of Decentralized Ecosystem Regulators), validate transactions and blocks on the blockchain, while maintaining connections with newly added nodes to ensure the stable operation of the Mainnet. Each new NCP, assigned a number between 1 and 40, plays a critical role in upholding the integrity and security of the WEMIX3.0 Mainnet.
Sygnum will contribute its digital asset expertise and operational experience as a regulated bank to further enhance the reliability of the WEMIX3.0 Mainnet, participate in its protocol governance and contribute to the expansion of the WEMIX ecosystem.
Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. It empowers professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. The Sygnum team enables this through institutional-grade security, expert personal service and a portfolio of regulated digital asset banking, asset management, tokenization and B2B services.
More information on Sygnum (www.sygnum.com) and 40 WONDERS (www.40wonders.wemix.com) can be found on their official websites.
About Wemade
A renowned industry leader and innovator in game development, WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. WEMADE aims to accelerate the mass adoption of blockchain technology, and is building through its WEMIX subsidiary, an experience-based, platform-driven, and service-oriented mega-ecosystem that will offer access to a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. www.wemade.com / www.wemix.com/communication
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