World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Infinito Formally Announces Ecosystem Utility Token, INFT

SINGAPORE, July 18, 2019 - (ACN Newswire) - Infinito today announces it will launch an official utility token, called INFT Token, for its product ecosystem later this year. The INFT Token will serve as the currency to fuel all transactions made within Infinito Ecosystem and grant users premium benefits and rewards.

Used by spending or staking, this utility token will enable access to high-value reward programs, voting rights to define development priorities of Infinito products, rewards for active usage of Ecosystem products and services, and discounts on various DApps.

INFT will let consumers use advanced financial services such as subscriptions and shared payments. For developers, the tokens serve to reward contribution to Infinito Ecosystem through creation of innovative applications using Infinito's diverse suite of development tools.

By introducing this unique token economy, Infinito aims to incentivize active Ecosystem contribution from both consumers and creators via usage and creation of innovative decentralized products, thus promoting mass adoption of blockchain technology.

Users will be eligible for special airdrop of INFT by taking part in the Infinito Point sale event scheduled for Q3.

More about INFT, including the project's Litepaper detailing its token economy model, at https://www.infinito.io.

About Infinito
Infinito aims to create a perfect blockchain experience for users, applications and developers through its product Ecosystem which includes Infinito Wallet, Infinito App Square, Infinito Blockchain Platform, and InfinitoPAY.

It is backed by a team of 50+ professionals with intensive experiences in blockchain technology, including technical developers and researchers, business and marketing executives, designers, quality control engineers, and customer service officers. Infinito, founded in 2016, is proudly based and registered in Singapore.

© Scoop Media

 
 
 
World Headlines

 

Climate Strike: At UN, Youth Activists Press For Bold Action

This first-ever UN Youth Climate Summit follows Friday’s global ‘climate strike’, which saw millions of young people from across the globe walk out of school and jam streets in major cities, from New York to New Delhi and Santiago to San Francisco. More>>

ALSO:

Pacific: Tongan PM 'Akilisi Pohiva Dies, Aged 78

A constant thorn in the side of the monarchy and nobility, Mr Pohiva's lifelong battle for representation had seen him fired from the public service and charged with sedition... More>>

ALSO:

Untied Kingdom: UK PM Moves To Suspend Parliament In Weeks Before Brexit

The Prime Minister has briefed Cabinet colleagues that the government will bring forward an ambitious new legislative programme for MPs’ approval, and that the current parliamentary session will be brought to an end. More>>

ALSO:

Gordon Campbell: On The Hong Kong Protest Movement

The pro-democracy protests enjoy huge support among Hong Kong’s youth, partly because the democratic systems currently at risk have only a limited time span. More>>

ALSO: