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1.08708
1.08457
1.30197
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1.30574
1.30114
2732.26
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【AI superchain Swan Chain announces SWAN token staking economic model and is about to launch UBI plan】 on October 21, AI super chain Swan Chain introduced the details of the staking incentive mechanism of its native token SWAN in the official document. The mechanism is designed to incentivize computing providers (CPs) to participate in network construction while ensuring the security and stability of the network. According to the announcement, Swan Chain will launch a dual income model, including universal basic income (UBI) and task payment compensation. UBI adopts a model similar to gamma distribution to provide higher rewards for early participants and dynamically adjust according to network resource utilization. This innovative model is expected to provide CPs with stable income during the growth period of the network. It is worth noting that Swan Chain also introduced a staking economic model and a revenue multiplier system. The revenue factor adjusts the reward according to the GPU capacity to ensure fair compensation under different hardware configurations. In the initial UBI-0 stage, the staking requirement is only 1/10 of that after TGE, which means that CPs can start earning income with minimal upfront investment. This series of measures is expected to attract more CPs to join the Swan Chain ecosystem and promote the development of decentralized computing. The Swan Chain team said that the complete pledge economic model and UBI plan details have been published in its official documents, and interested users and investors can go and check it out. It is reported that the Swan Chain mainnet was officially launched in early July, and plans to launch the SWAN token in the second half of the year.

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[Xu Zhengyu: Hong Kong Authorities Propose To Expand Eligible Asset Categories To Virtual Assets, Etc., So That Such Transactions Can Be Exempted From Profit Tax] According To The Financial Industry, On October 21, Hong Kong Financial Services And The Treasury Bureau Director Xu Zhengyu Said In His Blog "Treasury Theory" That The Government Plans To Optimize The Current Tax Incentives Provided To The Asset And Wealth Management Industry In Many Aspects, And Strive To Expand The Market To A Higher Level. In Terms Of Expanding Eligible Asset Categories, Xu Zhengyu Said That The Authorities Proposed To Expand Eligible Asset Categories, In Line With The Overall Financial Development Strategy Of The Treasury Bureau, To Add Carbon Emission Derivatives/emission Limits, Insurance-linked Securities, Loans And Private Debt Investments And Virtual Assets, Etc., So That Transactions In Such Assets Can Also Be Exempted From Profit Tax. On The Other Hand, It Is Recommended That Anyone Who Operates Financial Institution Business, Insurance Business Or Money Lending Business In Hong Kong, If He Holds A 10% Or More Beneficial Interest In The Fund At The Same Time, Will Be Deemed To Have Obtained Taxable Profits From The Income From Loans Or Private Debt Investments For The Fund. If The Fund Is An Associate Of That Person, Any Percentage Of Beneficial Interest Applies. In The Next Step, The Finance And Treasury Bureau Will Issue A Consultation Document On The Overall Recommendations. After Collecting And Analyzing Opinions, It Will Propose Relevant Legal Amendments To Implement Various Optimizations To Add Further Impetus To The Development Of The Industry

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[Echo Protocol Completes Pre-Seed Round Of Financing, ABCDE Capital And Others Participate] According To The Official Announcement Of Echo Protocol, The Project Has Completed The Pre-Seed Round Of Financing. Investors Include Spartan Group, ABCDE Capital, Maelstrom Fund, Selini Capital, Web3Port, Auros, Presto Labs, Sats Ventures, Aptos, Movement Labs And B² Network And Many Other Well-known Institutions. Echo Protocol Is The First Bitcoin Liquidity Re-staking And Yield Infrastructure Layer Based On MoveVM. It Currently Locks 2,000 BTC And Integrates With DeFi Projects Such As Cellana And Aries. Users Can Convert BTC To ABTC Through Echo And Deposit It To Obtain An Annualized APT Return Of Up To 12%, And Can Also Receive Rewards Such As Echo Points And B² Points. Echo Will Open Its First Public Offering Treasury On October 28, And Only Whitelisted Users Can Participate In BTC Staking

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