The Newsletter by Tokenize Xchange (Vol.97| August 2020)

Image for post
Image for post

Disclaimer: The below announcement does not apply to Tokenize Malaysia users. For Tokenize Malaysia user please refer to announcements from https://medium.com/tokenize-malaysia

New coins, new interests on crypto earn — Enjoy more benefits!

Image for post

We are excited to introduce two new coins supported on crypto earn — Dai (DAI) and ChainLink (LINK). If you stake 2,500 TKX, you will be able to enjoy more benefits.

Image for post

Participate in crypto earn today!

Image for post

Holding TKX — getting 0% all the crypto withdrawal fee.

Image for post

Good news for all Tokenizers! Starting from today, you will get 0% all the crypto withdrawal fee as long as holding 5,000 TKX instead of 50,000 TKX on your account.

Don’t hesitate to enjoy this offering!

Image for post

Everything you need to know about Travel Rule

Image for post

Unlike traditional financial system transactions having tagged with a bank account or name, cryptocurrency transaction records are hashed whenever it transacts between 2 wallet addresses which effectively preserves the privacy of both parties. Hence, concerns were raised with the potential for illicit use cases with cryptocurrency due to its anonymous nature.

As cryptocurrency becomes more popular, the need for Anti Money Laundering and Counter Financing Terrorism (AML-CFT) measures becomes highly essential.

Read the rest of our article here.

Russian Rail Network Could Join the Blockchain Adoption Wave

Image for post

An advisor to Russian Railways, the country’s national rail operator, praised the rise of blockchain technology and hinted that it could be implemented as part of the country’s rail network.

According to Vgudok, Sergey Vinogradov, the general director of the Scientific Research Institute of Railway Transport, blockchain may have a place in the national transport system. In fact, Vinogradov believes the rail network could be managed using blockchain-based smart contracts in tandem with a predictive system for managing the maintenance of container trains.

He also feels that a future blockchain-based platform could help logistics firms, buyers and sellers to purchase cargo spaces across Russia’s rail transportation network. He commented:

“The blockchain solution allows you to exclude operations for transshipment and storage of goods and to abandon specialized trucks, which cost two to three times more than multi-purpose trucks. The shunting and sorting work with the rolling stock will be significantly reduced.”

Russia recently passed a major bill related to cryptocurrencies like Bitcoin (BTC) titled “On Digital Financial Assets.” This bill finally provided legal status to crypto, though it did not allow for digital currencies to be used as a form of payment.

Image for post
Image for post

Subscribe to Tokenize Newsletter!

Follow Tokenize Xchange on FacebookTelegramMediumTwitterInstagram.

Don’t miss any updates regarding our latest features, events, and community activities. Subscribe now to get them delivered to your inbox.