Its services include social networks, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, and multiplayer online games. It is among the largest social media, venture capital, and investment corporations. Scams involving money have been widely reported, and one such investment scam works like this (write up taken from Seedly ): upon gaining the trust of their victims, the scammers would encourage their victims to buy specific shares on the Hong Kong Stock Exchange, promising them guaranteed profits.
Tencent is the world's largest video game vendor, as well as one of the most financially valuable companies. Its twin-skyscraper headquarters, Tencent Seafront Towers are based in the Nanshan District of Shenzhen. It is also the world's largest company in the video game industry based on its investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group focused on publishing of games.įounded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology. It is one of the highest grossing multimedia companies in the world based on revenue. is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. In the final stages, the platform will offer cross-chain pools and the sale of tokens through the use of Tencent wallet’s bridges.Tencent Holdings Ltd. Among the tests to be conducted is the WeChat 2.0 that will allow new projects launched to raise funds from investors on the WeChat network.
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Phase 2: the second phase will involve the full launch of all products after undergoing the necessary testing. These products will be used to test the working conditions of all systems including token sale and exchange, gathering feedback and data, as well as preparing solid infrastructure that can be moved to WeChat network. Phase1: Phase one of the project will involve the launch of some products on the Binance Smart Chain platform. The exchange is also the foundation from which the team intends to build more features and functionalities. The exchange is powered by PancakeSwap, one of the safest and most trusted exchanges in the crypto space. The WECHAT$ ecosystem will be complete with a decentralized exchange (DEX) that will be used by Wechat token holders to swap any BEP20 token for another one. Small and new projects will use Wechat$ to secure their networks. For small and new projects, relying on Pow and PoS may present additional challenges. However, these algorithms only become effective with a large enough community. The foundation of Wechat’s security is incurred in the Pow and PoS. Security is one of the main issues that developers in the blockchain space are dealing with. Wechat$ is also compatible with the Binance Virtual Machine and therefore works well with various Binance tools. To increase its acceptance, Wechat$ has been integrated with several electronic wallets like Ledger (Hardware Wallet), Trubi Wallet, Trust Wallet, and CoolWallet (Hardware Wallet), and many more.
The NFT marketplace will have several NFTs listed for trading. Users can redeem the points for their favorite NFTs. Wechat will be able to earn redeemable points by staking their Wechat tokens in an innovative NFT Farm. Traders who own Wechat$ for over 22 days will graduate to become "Investors" and will be entitled to a portion of the interest. Users’ token holdings will be used as proof of stake, granting holders the right to vote and decide on crucial matters. The system will be democratically governed by users, with each user having a voice to contribute to the development. Wechat$ will duplicate elements of Ethereum’s Blockchain by combining PoSA (Proof of Stake Authority) and PoS (Proof of Stake) algorithms. The underlying mission behind the creation of the association was to make major investments in blockchain technology and further facilitate the integration of blockchain technology in other industries.Īreas that Wechat will be targeting in the blockchain space include digital asset trading and wallet, public chain, Digital asset research, incubation, and proprietary investment among others. It is this association that will be tasked with the digital currency and NFT marketplace. WechatPay Association is a non-profit and independent organization registered in El Salvador in June 2021. The new digital asset is Wechat’s financial infrastructure and premise to spread its wings and reach out to the world. PLAYA SAN BLAS, El Salvador, J(GLOBE NEWSWIRE) - The WechatPay Association is set to launch Wechat$, a new digital currency and NFT MarketPlace for Meme tokens developed by Wechat.
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