8 months ago
PRESS RELEASE. Following the triumph of its 3rd Launchpad inaugural with ACGN Protocol, LBank has accomplished yet different milestone by concluding its 4th Launchpad lawsuit featuring EchoLink.
This innovative task marks a important breakthrough successful Decentralized Physical Infrastructure Networks (DePIN) and the Internet of Things (IoT) sectors. EchoLink leverages a unsocial Proof of Device Work (PoDW) mechanism, revolutionizing information interaction. The lawsuit successfully raised 130,425,381 USDT from 74,164 participants, underscoring the escalating involvement successful this dynamic sector.
The autochthonal token of EchoLink.Network, $Echo, is acceptable to debut connected LBank and commence trading connected January 26th astatine 06:00 (UTC), symbolizing a pivotal infinitesimal for this burgeoning ecosystem.
Background and Significance
EchoLink, a DePIN-oriented IoT oracle connected the Solana blockchain, acts arsenic a transformative gateway for a multitude of IoT devices. Beyond being a bridge, it amplifies instrumentality capabilities, capturing, measuring, and validating enactment done an innovative PoDW mechanism. This transcends accepted approaches, reshaping information enactment fundamentally.
Central to EchoLink is its committedness to information privateness and security. Utilizing Zero-Knowledge/FHE technologies, the task cloaks data, ensuring integrity erstwhile reaching oracle nodes. These nodes, equipped with EchoLink’s unsocial impervious mechanism, measure rewards for each instrumentality portion seamlessly, bridging effort to value.
EchoLink provides a broad toolkit, merging bundle SDK and hardware design, laying the groundwork for divers DePIN projects. It represents much than infrastructure; it’s the instauration for aboriginal IoT blockchain integration, advancing towards a satellite wherever information flows securely, and reward systems align with genuine contributions.
Participation Rules for $ECHO
Participation rules for the $ECHO Launchpad mirrored the palmy exemplary of anterior events. LBank calculated concern quotas based connected users’ regular mean holdings of mainstream cryptocurrencies crossed assorted accounts implicit a circumstantial period. Eligibility required completing astatine slightest 1 commercialized connected LBank wrong a designated clip frame.
Official Statement and Listing Details
An LBank spokesperson acknowledged overwhelming assemblage engagement for EchoLink. The $ECHO Launchpad rules strategically rewarded progressive users, drafting from anterior successes. Official listing details for $ECHO are arsenic follows:
- Token Distribution Time: January 25th, 13:00 (UTC)
- Trading Time: January 26th, 06:00 (UTC)
- Withdrawal Time: January 28th, 06:00 (UTC)
About EchoLink ($ECHO)
EchoLink, a pioneering task successful DePIN and IoT connected the Solana blockchain, bridges the carnal and integer worlds. The PoDW mechanics transforms information interaction, ensuring privateness and security. It’s a measurement towards a decentralized future, fostering a transparent and community-driven ecosystem.
For media inquiries, delight contact:
Eddy Wang
PR Manager, LBank
Email: [email protected]
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