Press Release
New Era for Marina Bay City Lombok – Indonesia’s First Properly Planned Coastal City Moves Forward After Buyout
Indonesia, 12th Nov 2025 — Following the completion of the buyout of Kinnara, a regional real estate platform, Lux Bali Projects has officially taken full control of the multi-billion-dollar Marina Bay City development in South Lombok — marking the beginning of a bold new chapter for Indonesia’s most ambitious coastal city project.
The acquisition ends Kinnara’s brief involvement in property development. The company has since decided to refocus its operations exclusively on its core strength as a real estate technology and IT platform, leaving behind its short venture into direct property development to concentrate on digital solutions for the real estate industry.
With Lux Bali Projects now fully in charge, Marina Bay City is poised to become the first properly planned city ever built in Indonesia, featuring a unified vision that blends sustainability, wellness, and innovation.
A City with Vision and Purpose
Set along Lombok’s pristine white-sand coastline, Marina Bay City is being designed as a model for intelligent, sustainable, and community-driven urban growth. The new leadership has announced an accelerated rollout of key infrastructure projects that will establish Marina Bay City as one of Southeast Asia’s leading lifestyle, tourism, and investment destinations.
Among the headline projects is a world-class convention centre, designed to attract international conferences, global events, and wellness summits — a move expected to significantly boost Lombok’s tourism profile and diversify its economy beyond traditional resort tourism.
Sports, Education, and Wellness at the Core
Plans for a 10,000-seat multi-purpose stadium are already underway, capable of hosting national and international sporting events, including the potential for annual NRL or AFL exhibition matches, as well as soccer, athletics, and U.S. football.
The city will also feature a sports and wellness precinct, complete with training facilities, community sports fields, and an international school to cater to both local and expatriate families.
In addition, Marina Bay City’s first medical and wellness centre is scheduled to open next year — forming the foundation for a future international hospital, further enhancing the city’s position as a hub for wellness tourism and preventive healthcare.
Connectivity and Coastal Lifestyle
Marina Bay City’s new management team has also confirmed plans for a super-yacht marina and an integrated ferry terminal linking Bali directly to Marina Bay City, with services expected to begin by June next year.
Discussions are currently underway with ferry operators to establish a daily route connecting Bali, Marina Bay City, and Kuta Lombok, before returning via Marina Bay City. The new connection will reduce travel time to just 90 minutes by fast ferry, compared to the current 45-minute drive from Lombok International Airport or a 20-minute flight from Bali.
Indonesia’s New Model for Smart and Sustainable Growth
The unified management under Lux Bali Projects is expected to accelerate development, ensuring all projects meet high environmental, architectural, and community standards.
Marina Bay City aims to become a Freedom and Wellness City — a living example of how modern urban design, tourism, and sustainability can coexist in harmony.
The city’s masterplan includes partnerships with global hospitality and wellness brands, as well as leading international schools and medical groups, to create a vibrant, future-ready community.
About Marina Bay City
Marina Bay City is a multi-billion-dollar master-planned coastal development located in South Lombok, Indonesia. Designed around principles of sustainability, wellness, and modern living, the city will include luxury villas, resorts, wellness retreats, a convention centre, a sports stadium, an international school, and a world-class marina.
Official websites: websites: MarinaBay.City | MarinaBayLombok.com
Official Facebook: Marina Bay City Lombok Official
Media Contact
Organization: Lux Bali Projects
Contact Person: Project Spokesperson
Website: https://www.luxprojectsbali.com/
Email: Send Email
Country:Indonesia
Release id:36846
The post New Era for Marina Bay City Lombok – Indonesia’s First Properly Planned Coastal City Moves Forward After Buyout appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion
New York, NY – Paradex today announced the official conclusion of XP Season 2, marking a major milestone in the platform’s roadmap toward the upcoming $DIME Token Generation Event (TGE).
As part of its continued commitment to trader-first incentive alignment, Paradex confirmed that 25% of $DIME’s fully diluted supply will be airdropped to all XP holders at TGE, with tokens fully unlocked at launch.
In a significant expansion of community rewards, Paradex also revealed that Season 2 XP holders will receive 20% of the total token supply, up from the previously planned 15%, reinforcing the platform’s long-term focus on rewarding active ecosystem participation.
The $DIME TGE is currently scheduled for late February or early March, following the Chinese New Year holiday, with the official date to be announced by the Paradex Foundation.
XP Season 2: Major Growth and Final Week Distribution
XP Season 2 represented a period of substantial growth for Paradex across every major protocol metric:
- Average daily trading volume increased from $68M to $2.1B (31x)
- Open Interest grew from $28M to $679M (24x)
- Total Value Locked rose from $25M to $218M (9x)
- Total users expanded from 4.1k to 70.3k (17x)
During the final week of the season (January 23 to January 29), Paradex distributed 6 million XP directly to active user wallets, with additional rewards allocated through referral codes and affiliate programs.
Users surpassing 25,000 XP during the final week also received exclusive BadgerBox drops.
A final waitlist snapshot is scheduled for January 31 at 00:00 UTC.
$DIME Airdrop Allocation Breakdown
Paradex confirmed the following $DIME distribution structure at TGE:
- 25% of total supply allocated to all XP holders (fully unlocked)
- 20% dedicated specifically to Season 2 XP participants (increased from 15%)
- 5% reserved for Pre-Season and Season 1 XP holders (unchanged)
With half of the token supply dedicated to user rewards and participation, Paradex continues to position itself as a platform built around long-term ecosystem alignment.
Token Generation Event Details
- Token: $DIME
- Timing: After Chinese New Year
- Target Window: Last week of February or first week of March
- Initial Listing: Paradex Spot Markets
- Issuer: Paradex Foundation (official date forthcoming)
XP Season 3 Launches February 1
Looking ahead, Paradex announced that XP Season 3 will begin on February 1, shifting focus toward the next phase of ecosystem expansion, including:
- Spot trading
- Real-World Asset (RWA) Perpetuals
- Options markets
XP accumulation will begin immediately on February 1, while the first weekly XP distribution will occur post-TGE, allowing the team to prioritize a smooth and focused token launch.
Paradex reiterated that the platform remains committed to transparent execution, continued incentive alignment, and rewarding the traders and builders who drive long-term ecosystem growth.
About Paradex
Paradex is a privacy-first, zero-fee on-chain perpetuals exchange focused on high-performance decentralized trading infrastructure for a global community of crypto participants.
Website: https://paradex.trade/
X (Twitter): https://x.com/paradex
Discord: https://discord.gg/paradex
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion
New York, NY – Paradex today announced the official conclusion of XP Season 2, marking a major milestone in the platform’s roadmap toward the upcoming $DIME Token Generation Event (TGE).
As part of its continued commitment to trader-first incentive alignment, Paradex confirmed that 25% of $DIME’s fully diluted supply will be airdropped to all XP holders at TGE, with tokens fully unlocked at launch.
In a significant expansion of community rewards, Paradex also revealed that Season 2 XP holders will receive 20% of the total token supply, up from the previously planned 15%, reinforcing the platform’s long-term focus on rewarding active ecosystem participation.
The $DIME TGE is currently scheduled for late February or early March, following the Chinese New Year holiday, with the official date to be announced by the Paradex Foundation.
XP Season 2: Major Growth and Final Week Distribution
XP Season 2 represented a period of substantial growth for Paradex across every major protocol metric:
- Average daily trading volume increased from $68M to $2.1B (31x)
- Open Interest grew from $28M to $679M (24x)
- Total Value Locked rose from $25M to $218M (9x)
- Total users expanded from 4.1k to 70.3k (17x)
During the final week of the season (January 23 to January 29), Paradex distributed 6 million XP directly to active user wallets, with additional rewards allocated through referral codes and affiliate programs.
Users surpassing 25,000 XP during the final week also received exclusive BadgerBox drops.
A final waitlist snapshot is scheduled for January 31 at 00:00 UTC.
$DIME Airdrop Allocation Breakdown
Paradex confirmed the following $DIME distribution structure at TGE:
- 25% of total supply allocated to all XP holders (fully unlocked)
- 20% dedicated specifically to Season 2 XP participants (increased from 15%)
- 5% reserved for Pre-Season and Season 1 XP holders (unchanged)
With half of the token supply dedicated to user rewards and participation, Paradex continues to position itself as a platform built around long-term ecosystem alignment.
Token Generation Event Details
- Token: $DIME
- Timing: After Chinese New Year
- Target Window: Last week of February or first week of March
- Initial Listing: Paradex Spot Markets
- Issuer: Paradex Foundation (official date forthcoming)
XP Season 3 Launches February 1
Looking ahead, Paradex announced that XP Season 3 will begin on February 1, shifting focus toward the next phase of ecosystem expansion, including:
- Spot trading
- Real-World Asset (RWA) Perpetuals
- Options markets
XP accumulation will begin immediately on February 1, while the first weekly XP distribution will occur post-TGE, allowing the team to prioritize a smooth and focused token launch.
Paradex reiterated that the platform remains committed to transparent execution, continued incentive alignment, and rewarding the traders and builders who drive long-term ecosystem growth.
About Paradex
Paradex is a privacy-first, zero-fee on-chain perpetuals exchange focused on high-performance decentralized trading infrastructure for a global community of crypto participants.
Website: https://paradex.trade/
X (Twitter): https://x.com/paradex
Discord: https://discord.gg/paradex
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
FXO and Apex Trade Outline Shared Perspectives on the Responsible Development of Finance and Technology
Emphasizing Long-Term Value, Stability, and Social Responsibility in Global Markets
FXO Global Exchange and the Apex Trade (AT) team have each articulated a long-term focus on the responsible development of next-generation finance and technology, emphasizing sustainability, structural stability, and social value creation in an evolving global landscape.
While operating independently, both FXO and AT highlight the importance of aligning technological advancement with real-world needs, prudent risk management, and broader societal considerations.
Distinct Capabilities Addressing Evolving Market Needs
FXO Global Exchange is positioned as a financial infrastructure platform designed for global markets, with an emphasis on system stability, transparency, and long-term operational resilience. Its approach prioritizes the development of institutional-grade frameworks that support orderly market participation and sustainable growth.
Apex Trade (AT), meanwhile, operates as a professional analytical team focused on financial market research and interdisciplinary analysis. The team brings together contributors from fields including financial markets, digital assets, artificial intelligence, and data science, developing structured analytical models intended to support informed decision-making in complex market environments.
Long-Term Orientation and Development Philosophy
Apex Trade operates under the guiding principle of “Technology leading life, working hand in hand with the world,” reflecting its emphasis on global awareness, analytical rigor, and responsible innovation. Its work focuses on examining how emerging technologies intersect with financial systems and broader social dynamics.
FXO similarly underscores a long-term development philosophy, highlighting the importance of stability, transparency, and value creation over short-term expansion. The platform’s stated objective is to contribute to financial ecosystems that are resilient, rational, and aligned with sustainable development goals.
Global Perspective and Professional Research Focus
The AT team consists of analysts and researchers from multiple regions, contributing diverse professional backgrounds and perspectives. Through cross-disciplinary collaboration, the team has developed analytical frameworks aimed at evaluating market structure, technological trends, and long-term system behavior.
AT has indicated that it maintains, or is preparing, operational and research presences in several regions as part of its broader global outlook.
Emphasis on Social Responsibility and “Technology for Good”
Both FXO and Apex Trade emphasize that technological and financial innovation should extend beyond efficiency and scale, incorporating social responsibility and public-interest considerations. Each organization has highlighted the importance of applying technology in ways that support sustainability, social equity, and long-term societal benefit.
This perspective reflects a broader industry discussion around “technology for good,” where innovation is evaluated not only on performance metrics but also on its contribution to structural stability and social well-being.
Industry Outlook
As global finance and technology continue to evolve, FXO and Apex Trade each maintain that future progress will depend on rational development, responsible governance, and a commitment to long-term value creation. Their respective approaches illustrate how independent organizations can contribute to this broader direction through infrastructure development, analytical research, and principled innovation.
Conclusion
The perspectives outlined by FXO Global Exchange and Apex Trade reflect a shared emphasis on sustainability, responsibility, and long-term thinking in next-generation finance and technology. As industry participants increasingly focus on structural integrity and social impact, such approaches continue to shape discussions around the future of global financial and technological systems.
Media Contact
Organization: Wholy Digital
Contact Person: Media Relations
Website: https://wholyseo.com/
Email: Send Email
Country:Singapore
Release id:40848
Disclaimer: This content is provided for informational purposes only and does not constitute financial, investment, legal, or trading advice. FXO Global Exchange and Apex Trade (AT) operate independently and are not affiliated; any references are descriptive only and do not imply a partnership, endorsement, or collaboration. No offers, solicitations, or guarantees are made.
The post FXO and Apex Trade Outline Shared Perspectives on the Responsible Development of Finance and Technology appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion
Paradex Confirms $DIME TGE Timeline and Expands Airdrop Allocation Following XP Season 2 Conclusion
FXO and Apex Trade Outline Shared Perspectives on the Responsible Development of Finance and Technology
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