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New Vision From Richwork: Kenaf Meets Blockchain

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“Kenaf, one of the world’s largest fiber plants. It meets with BlockChain technology to solve the environmental and energy problems facing humanity.”

Let’s listen to Richwork presenting a new vision.

BlockChain technology is in full swing these days. Various projects are being tried and the scope has been expanded. Therefore, attempts to apply BlockChain to the agricultural sector are also continuing. Among them, a new attempt to solve the issues of energy and environment conservation facing mankind by combining KENAF, one of the world’s four largest fiber crops, with Blockchain technology is drawing a lot of attention. 

Kenaf, the basis of the VKenaf Chain, is a first-year herbaceous plant native to West Africa. It possesses various characteristics that are not found in common plants, and is evaluated as one of the world’s four largest fiber crops. It is produced as about 25,000 products which are used in various fields of daily life and industries such as pellets, pulp and bio energy. Moreover, it has high productivity as it grows fast enough to be harvested three times a year, and is also eco-friendly with its ability to absorb a large amount of carbon dioxide.

However, as most agricultural fields have done so far, the history problems such as an opaque supply system and product quality assurance are an obstacle to industrial development.

There is a company that has ambitiously jumped into this agricultural sector with the aim of establishing a better working system in the Kenaf industry by providing transparency and security through BlockChain. 

It is Richwork!

Richwork is a Singapore-based company that directly manages the entire stage of cultivation, purchase, processing and sales by linking Kenaf with BlockChain technology in Vietnam, Cambodia, Indonesia and so on. 

RichWork is contributing to the increase of income and economic development of Vietnamese farmers by cultivating, harvesting, processing and selling Kenaf in Vietnam’s various places in cooperation with the Vietnamese government. In addition, it is also equipped with systems and technology to the extent that same process is being conducted even in Cambodia. .

The Vietnamese government is satisfied with the Kenaf cultivation technology and agricultural modernization program provided by RichWork, and has requested for further expansion of the project. Broadcasting media is also supporting the Richwork project in Vietnam to the extent that this achievement is largely addressed.

We met Richwork executives who are leading successful businesses in Vietnam and asked how they combined kenaf and blockchain technology to achieve industrial performance.

The following is a question and answer with the director in charge of the Richwork’s Kenaf in Vietnam.

What are the advanatages of Kenaf?

Kenaf has two main advantages. 

First, there is an environmental cleanup

Second, there is a resource development. 

In term of environmental cleanup, Kenaf has a superior ability that is 40 times faster than the rate of photosynthesis in forests. So it can reduce carbon dioxide, which is the main culprit of global warming, and obtain a large amount of oxygen.

In addition, Kenaf has a high absorption efficiency of nitrogen and phosphorus in water and plays a role in water purification. And it is possible to purify the sewage by growing Kenaf up to 6m using sewage. 

In terms of resource development, since continuous resource production is possible using Kenaf’s rapid growth power, it can replace existing resources necessary for the production of daily life products such as pulp, deodorant, soil conditioner, soundproofing agent, wallpaper, oil adsorbent, food, nonwoven fabric and so on. This is a great advantage of replacing resources that are soon depleted.

What is the goal of Richwork?

Richwork can cultivate 25 ones per 1m² on average, producing about 25kg’s Kenaf per 1m².

We produce 250,000 kg of Kenaf per hectare, and VKenaf Chain’s goal is to have at least 2,000,000 hectares of Kenaf farm.

As of 2020, Kenaf’s price per ton is 150 USD, generating a profit of 37,500 USD per hectare.

When reaching our goal of cultivating 2 million hectares, $75 billion in revenue is generated and the profit can be maximized by cultivating three times per year. 

This means completing a Blockchain structure that benefits all participants in the Kenaf industry. For this goal, we are seeking to create an ecosystem of the VKenaf Eco Platform.

Please explain in more detail about the VKenaf Eco Platform that you just mentioned.

VKenaf Eco Platform consists of Vkenaf BlockChain, Vkenaf Token, Dapp, Global Exchange, Wallet, Core System and etc. Therefore, VKenaf Chain is the world’s first specialized Kenaf production and distribution company operated by a decentralized P2P network system. And, its 7 key convergence mechanisms drive the value of VKenaf Token to rise. 

  1. VKenaf Token is required to access the platform and its services. 
  2. Traders will need a VKenaf Token to access the VKenaf Chain market.
  3. Purchasing Kenaf’s raw materials from VKenaf Chain is made with VKenaf Tokens acquired from the trading market.
  4. Purchasing products within VKenaf Chain will be only possible with VKenaf Token.
  5. Traders of VKenaf Chain products will accept VKenaf Tokens received from consumers in the market as a payment method.
  6. The workers of Kenaf plantation and its factory will accept VKenaf Token as a payment method.
  7. In order to receive dividends from VKenaf Chain, VKenaf Token must be retained. 

Because of these seven mechanisms, Token will have its own demand-driven economy and the value of Token will be completely independent of speculative ecosystems. As a result, the value of VKenaf Token will not be affected even if other cryptocurrency markets are completely collapsed.

What is the last thing you want to say?

VKenaf Chain has the ambition to create the new market space by leveraging the power of BlockChain. VKenaf Chain’s project development starts in Southeast Asia and will expand across the whole Asia. Currently, VKenaf Chain is expanding Kenaf cultivation farms, which provide raw materials from major regions of Vietnam and around Cambodia. I hope you will keep an eye on how we can achieve this project.

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Launch of First Ever XDB/ZUSD Pairing Announced to Support Global Gaming Industry

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The XDB Foundation has recently announced the first pairing of XDB with the new Zytara Dollar  (ZUSD) on global cryptocurrency markets. The Biki cryptocurrency exchange will be one of the first platforms to provide access to the XDB/ZUSD trading pair.

“We are really excited to see the debut listing of the XDB/ZUSD trading pair,” says Michael Gord, the XDB Foundation’s Managing Director,  “Asia-Pacific accounts for a significant portion of the global gaming community, almost 50%, and BiKi is perfectly situated to support this geography.  We’re really happy to welcome them into our partnership ecosystem.”

The protocol layer blockchain DigitalBits is designed to support branded stablecoins and other branded currencies across a variety of use cases, offering crucial support to the global esports industry. The platform solves many of the issues involved in global tournament prize payouts, as well as enabling around the clock real-time payment transfers and global monetization of in-game currencies. Developers will also be able to create programmable incentives for gamers, therefore increasing fan engagement. 

Issued by a regulated financial institution, the ZUSD is designed as currency for the future of the gaming and esports industry and beyond. The programmable dollar moves anywhere in the world at the speed of the Internet, and is redeemable…

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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