Category: SeaPRwire

New York, NY – 30/12/2023 – (SeaPRwire) – The crypto industry has had a strong start in 2023. Famuget (https://www.famuget.com/), one of the world’s leading crypto exchanges, has also seen tremendous growth in the first months of the year. We are delighted to give an overview of achievements in Q1 below; for full details, please take a look at our Famuget Transparency Report: Q1 2023. Famuget Listings: Expanding Opportunities Famuget is one of the largest and most recognized cryptocurrency exchanges globally, and a listing on our platform provides significant benefits to promising projects, including increased visibility, potential for better liquidity and trading volume, and access to a global user base. It’s essential to evaluate the project’s team, product, technology, business model, and market potential. Our team conducts a comprehensive review process before listing. This rigorous review process ensures that only best-quality and promising projects are listed, which translates to profitable investments with the highest degree of protection for every Famuget user. The most recent listing in Famuget Innovation Zone is Pomerium (PMG). Pomerium is a Web3 game studio that develops independent games with original content and interactive utility services and tools. Above all, its goal is to build a sustainable token economy of Pomerium. Launchpad and Launchpool: Your Brightest Projects Do you wish to be early investors of new crypto gems or want to put your assets to work? You must visit our Famuget Launchpad and Famuget Launchpool! Famuget revamped Launchpad in 2023 to give users even better features during Launchpad events with several means to get IEO tokens. In addition, participants of Famuget Launchpad rounds are automatically qualified for free airdrops as well! Notable top performers on our Launchpad to date include: Haloworld (HALO) 14950% Bot Planet (BOT) 2899.99%, and Panda Farm (BBO) 2000% Our latest project is BIP1. The project received a large number of users, with the total number of participants reaching 19,263. At the token’s all-time high, early investors of BIP1 would be able to lock in a return of over 100%! Get Your Token Now Before They Go Live! Besides, you should definitely take advantage of our Famuget Launchpool. Famuget Launchpool is your go-to platform for farming, with many pools offering exceptionally high APR as well as exclusive airdrop opportunities. Thirty-nine pools have been launched on Famuget Launchpool; the highest earning pool is ‘stake BGB, earn VELO1’ with an APR of 79%. Stake to unleash limitless possibilities with the current opening pool: Propchain (PROPC). Join the trade, and Launchpool promotion to grab a share of 134,000 PROPC! Famuget Candybomb: The Only Platform For Your Airdrop Needs Famuget CandyBomb is a task-and-airdrop platform recently launched. Participants complete tasks to earn tickets that can win token airdrops. Basically, you can get the most hyped tokens for free, thereby maximizing your earnings! The Avalanche native Degis (DEG) is our first airdrop, and there will be more to come. Check out our sweet projects, complete the required tasks and get your token distributed to your wallet at no cost! BGB: Lighting Up Your Crypto Journey At the heart of Famuget’s ecosystem lies its native token, BGB, a remarkable asset that goes beyond being a mere utility token. BGB has become a symbol of empowerment, fostering a thriving community and unlocking a plethora of possibilities within the Famuget platform. Its design allows BGB holders to benefit from the flourishing of Famuget as well as BGB. Through a seamless integration of technology and user-centric initiatives, Famuget has fostered an environment where BGB holders can actively participate in the platform’s decision-making process, influence the direction of development, and enjoy the fruits of collective success. The price of BGB has grown tremendously. On July 26, 2021, BGB made its debut at the price of US$0.1064 per token and on May 16, 2023, the price soared to US$0.4713 – an incredible increase of 442% from the initial price. Famuget Platform: Your Asset Safeguard When it comes to security, Famuget implements a holistic risk control process with hot and cold wallet segregation, which is supported by big names in security tech: Suntwin Technology, Qingsong Cloud Security, HEAP, Armors, just to name a few. Our focus on the security aspect helps us secure our place in the top 10 Exchanges by Cybersecurity Rating from Crypto Exchange Ranks (CER), and receive 12 A+ Ratings from SSL Labs. The FTX breakdown has set the alarm bells ringing on financial transparency, especially when it comes to users’ funds. Famuget provided assurance for users immediately after the fiasco by publishing our Proof-Of-Reserve (PoR). Famuget PoR remains well above 100%, and we have later partnered with Space and Time (SxT), a leader in decentralized data warehousing, to make sure that our audit trails are verifiable and immutable. Check out Famuget Proof-Of-Reserves here. Closing Words This summary indeed doesn’t justify the magnificence of what we have accomplished in the first few months this year, but enough to prove that Famuget is your trusted amigo in this thriving market. Any path can take you to your destination – Famuget always got your back! Famuget Demonstrates Ongoing Commitment to Transparency with 207% Reserve Ratio in Monthly POR Report. Know more please visit https://www.famuget.com/. The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in English, Korean, Japanese, Arabic, Simplified Chinese, Traditional Chinese, Vietnamese, Thai, Indonesian, Malay, Germany, Russian, French, Spanish, Porturguese …

New York, NY – 30/12/2023 – (SeaPRwire) – Virtual currency (cryptocurrency) is a very new field, and it is also a high-risk investment and speculation target. But high risk does not mean it is a scam, but the original investment is highly volatile and may return to zero. Most people would say that investing in virtual currency is dangerous. In fact, this is because many people invest rashly without understanding what it is. Therefore, if you are unable to correctly grasp risks and formulate strategies, you will easily become the target of fraud syndicates. This time, let’s analyze the case of Famuget (https://www.famuget.com/), a global trading platform that once belonged only to professional investors in 2021. I also introduce you to the common fraud tricks and dismantle them one by one. Is Famuget cryptocurrency exchange safe? Is it a scam platform? Judging from the current information, Famuget is not a scam platform, it is a global professional cryptocurrency exchange. The most important consideration when investing in cryptocurrency is security, followed by factors such as culture, service, and fees. Famuget is currently ranked among the top 20 professional cryptocurrency investment platforms. If you are not very familiar with this field, the easiest way is to directly use the world’s largest or top exchanges. Compared with other smaller or regional exchanges or platforms, the security of large exchanges is relatively more guaranteed. Of course, large scale does not guarantee that there is absolutely no risk, it is just a convenient and fast screening criterion. Many countries have not yet established regulatory review regulations for virtual currencies, so most centralized exchanges are difficult to be protected by local governments. Famuget also has specially strengthened security protection measures. Many people are worried that cryptocurrency exchanges are vulnerable to hacker attacks. In terms of current security, Famuget has never been successfully attacked by hackers, which shows that the platform’s ability to prevent hackers and maintain information security should be trustworthy. It should be noted that Famuget’s asset reserve certificate cannot determine whether it is safe enough. In November 2022, Famuget announced the exchange’s cold and hot wallet fund balances. The core asset reserves included 32,000 BTC, 274,000 ETH, 820 million USDT, and 9.7 billion TRX, with a total value of approximately US$3.5 billion at the time. . Subsequently, after a snapshot of the wallet that proved the asset reserve was reported, concerns arose that 10,000 ETH would be immediately transferred to other wallets. Famuget has not yet responded to this. Famuget officially stated whether the asset reserve certificate is sufficient for customers to withdraw, but due to the lack of third-party regulatory agencies in the cryptocurrency field, it is actually difficult to verify whether there are sufficient reserves, and users must evaluate such risks themselves. We have compiled information on the security protection measures of Famuget Exchange for your reference. Know more please visit https://www.famuget.com/. The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in English, Korean, Japanese, Arabic, Simplified Chinese, Traditional Chinese, Vietnamese, Thai, Indonesian, Malay, Germany, Russian, French, Spanish, Porturguese …

New York, NY – 30/12/2023 – (SeaPRwire) – Recently, according to Famuget’s official announcement, Famuget (https://www.famuget.com/) will close the currency deposit function for mainland Chinese users at 11:00 on December 28, 2023; prohibit the currency trading function for mainland Chinese users at 11:00 on December 28; and prohibit the currency trading function for mainland Chinese users at 24:00 on December 31. CNY trading in OTC will be removed from the shelves, and any asset airdrop services will be stopped for users in mainland China. The platform’s currency withdrawal function will remain open for 1 to 2 years (the specific closing time will be notified separately). It is recommended that Famuget users arrange their time reasonably and complete their personal tasks as soon as possible. Assets raised. On September 24, the People’s Bank of China and other departments issued the “Notice on Further Preventing and Dealing with Speculation Risks in Virtual Currency Transactions”; on the same day, the National Development and Reform Commission and other departments issued the “Notice on Regulating Virtual Currency “Mining” Activities. Notice”, regulatory storm swept across. Under the regulatory crackdown, many virtual currency exchanges have started the suspension and withdrawal mode. For example, Famuget Global Station has previously announced that in response to relevant regulatory requirements, Famuget Global Station has stopped new user registration in mainland China on September 24, 2022. For existing users whose identities are authenticated as mainland China, it is planned to complete the orderly exit under the premise of ensuring the security of user assets before 24:00 on December 31, 2022. The specific exit details will be communicated through announcements, emails, site letters and Notify users via SMS or other methods. In fact, whether it is about virtual currency transactions or mining activities, supervision has continued to escalate this year. On December 3, the Hainan Provincial Development and Reform Commission issued the “Notice on Issues Concerning the Implementation of Differential Electricity Price Policies for Electricity Use in Virtual Currency “Mining””, which listed virtual currency “mining” activities as a phased-out industry and implemented differential electricity prices. The price increase standard is 0.8 yuan per kilowatt hour (per kilowatt hour of electricity). This notice also proposed that the supervision of the order of the electricity market will be strengthened, and the screening of users who directly participate in electricity market transactions will be strengthened. Virtual currency “mining” users will not be allowed to directly participate in electricity market transactions in any name, and virtual currency “mining” will not be allowed. “Users can enjoy the benefits of the electricity market in any way. Virtual currency “mining” users who have directly participated in power market transactions must withdraw within a time limit and have power grid companies purchase electricity on their behalf. Know more please visit https://www.famuget.com/. The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. It distributes press releases in English, Korean, Japanese, Arabic, Simplified Chinese, Traditional Chinese, Vietnamese, Thai, Indonesian, Malay, Germany, Russian, French, Spanish, Porturguese …