Press Release

OneCash: Empowering the Asian Digital Community

Published

3 years ago

August 27, 2021

While Bitcoin continues to lead the pack in terms of market capitalization, it in fact isn’t the most traded cryptocurrency. Currently, the crown of crypto trading volume belongs to a stablecoin named USDT. If Bitcoin and Ether epitomize the blockchain space, then stablecoins are the cornerstone and future of the crypto world.

As of August 2021, according to CoinMarketCap data, stablecoins took up 3 and 2 seats within the top 10 daily trading volume and market capitalization, respectively. More specifically, USDT’s daily trading volume was $90 billion, 2.6 times the daily trading volume of Bitcoin and 3.5 times that of Ether. Despite the enormous trading volume, USDT dwarfed in market capitalization when compared to BTC and Ether, representing only 1/13 the size of Bitcoin and 1/6 of Ether. Therefore stablecoins like USDT have witnessed very high demand from trading activities, which pushed the price of USDT above $1 (inherent price of USDT) for an extended period. To prevent structural premium relative to USD, Tether, the issuer of USDT, is often compelled to increase the supply of USDT to negate the effects of increased demand.

The market demand for stablecoins is self-evident, and an increasing number of players are aiming to fulfill the supply side. Many efforts have been made in creating the ideal stablecoin. But, for the time being, no stablecoin is perfect. The Existing selection of stablecoins invariably possesses certain caveats, which have given crypto investors the short end of the stick. For instance, some stablecoins lack transparency for their stablecoin reserves, others are unable to fulfill their redemption commitments. Even the extreme case of rug-pulling isn’t an uncommon practice. Crypto investors are hence in dire need of a stablecoin that is truly stable, secure, and reliable.

OneCash is a stablecoin centered global financial technology platform that emphasizes compliance, security, and efficiency. OneCash envisions the world of fiat and cryptos would integrate seamlessly, and endeavor to create a world where cross-border trades can be effectively settled at low or no cost.

OneCash recently launched Round Dollar, a stablecoin that might just be the solution to the aforementioned concerns.

Pegged to a basket of major Asian currencies (CNH, JPY, HKD), Round Dollar is a revolutionary synthetic asset allowing users to hedge against the volatility of cryptocurrencies, fiat currencies and dollar stablecoins (USDT, USDC). Its governing principle can be simplified into a formula where 1 Round Dollar = 47 CNH + 550 JPY + 25 HKD. Users may obtain Round Dollar via various channels, such as the OneCash Wallet application, centralized exchanges (Poloniex) and decentralized swaps (JustSwap).

How does Round Dollar fare against other stablecoins?

More Stable and Efficient

The key function of a stablecoin is as literal as the word “stable” in its name. However, achieving stability is not an easy feat due to factors such as global capital flow and government policies regarding reserve handling and safekeeping. Round Dollar is designed to optimize stability and provide holistic protection for its users.

In an environment where the majority stablecoins took the most straightforward path by pegging themselves to the US dollar, OneCash chose to peg Round Dollar to a basket of Asian currencies to target underserved Asian population and unlock the untapped growth potential. In other words, while most stablecoin issuers sought convenience and quick return, OneCash, on the contrary, chose to pursue our vision of empowerment and growing together with our community. More importantly, the composition of the Round Dollar basket can effectively hedge against the depreciation of the US dollar and linked currencies. In other words, other than nominal value stability, Round Dollar is endowed with exceptional real value stability.

It’s also worth noting that Round Dollar is launched using the TRC20 protocol, where the greater part ($33 billion) of USDT is circulating. TRC20 is selected for its high processing speed and reliability, which can in turn offers users a seamless experience and peace of mind.

More Compliant and Secure

There are two predominant types of stablecoins, namely decentralized stablecoins and centralized stablecoins.

The strength of decentralized stablecoins lies in its open and transparent nature, which offers no room for under-the-table maneuvers (e.g. over-issuance). This open and transparent nature has caused decentralized stablecoins to become well-received with use-case scenarios such as Web 3.0, metaverse, Defi, and more. However, decentralized stablecoin is not without its disadvantages. Because no one specific party can conduct identity verification and monitoring, there have been cases where decentralized stablecoins were abused for inappropriate purposes. Conversion to fiat currencies has since then become more challenging.

Centralized stablecoin, on the other hand, possesses strength in that suspicious activities can be readily detected and treated with the appropriate response. Regulators and institutions hence see it in a more favorable light. Centralized stablecoin is however, less transparent and relies heavily on the element of trust.

Round Dollar is a stablecoin that aims to achieve the best of both worlds. Issued by OneCash and monitored by independent trusts, audit, and law firms, Round Dollar is designed to achieve the most stringent compliance standards. This provides assurance that Round Dollar could always exchange to fiat with no hassle. Moreover, seven layers of checks and controls have been implemented to increase the Round Dollar’s transparency and accountability.

1^st layer: issuance and distribution structure needs to be approved by OneCash partner law firm to ensure compliance;
2^nd layer: all smart contracts are required to pass the security audit of Slowmist before implementation;
3^rd layer: client assets are all placed in the custody of independent third-party OKLink Trust and reserve balances are available to public scrutiny real-time;
4^th layer: transaction assessments are conducted by independent third-party accounting firms on a monthly basis;
5^th layer: name screening is conducted against the Dow Jones database to ensure compliance with local and international anti-money laundering and counter-terrorism financing (AML/CFT) regulations;
6^th layer: all users are required to pass a bank account authentication test to establish a compliant and reliable crypto-fiat channel;
7^th layer: on-chain anti-money laundering is conducted against peckshield database on a per transaction basis, preventing the flow of funds into high-risk addresses (e.g. dark web market, sanctioned addresses) and ensuring the functionality of client account;

What are the use-cases for Round Dollar?

In the era of Web 3.0, Round Dollar can become an effective means of exchange of value within as well as between the virtual and real-world economy.

On-chain transactions – With the popularization of the metaverse concept, hundreds of millions of virtual characters would bring about the next evolution of human society. Production and consumption (e.g. purchase skin, equipment, concert tickets) within this society will require a governing economic system and medium of exchange to function. Round Dollar is a good candidate for adoption in this scenario. Users could consume and produce within the metaverse through Round Dollar. Whenever required, users could then exchange Round Dollar into their desired fiat currency in the real world via OneCash Wallet application.

Decentralized Finance – Round Dollar can also be adopted as an effective denomination in the Defi space due to its unique ability to maintain real value stability.

Trade Settlement – Round dollar can mitigate foreign exchange rate risk for both importers and exporters by avoiding redundant intermediaries to increase the efficiency of cross-border trade and payments.

Round Dollar was listed on Poloniex on August 19, 2021 at 12:00 (Hong Kong time), available as RD/USDT trading pair. Getting listed on Poloniex is just the beginning. OneCash shall continue in its endeavor to create a world where fiat and cryptos could unite as one.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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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

Breaking Boundaries: KOSEC Introduces Next-Gen Valuation Model, Buffett 2.0

Published

19 mins ago

May 4, 2024

Cloud PR Wire

Sydney, NSW, Australia, 4th May 2024 – KOSEC – Kodari Securities has announced the launch of Buffett 2.0, a revolutionary valuation model poised to reshape investment analysis and the equities markets.

Inspired by the legendary Warren Buffet’s renowned investment philosophy, Buffett 2.0 represents the culmination of nearly a decade of meticulous development and rigorous testing. Spearheaded by KOSEC’s Founder, Michael Kodari, the model aims to elevate valuation methodologies to unprecedented levels of precision and insight.

At its core, Buffett 2.0 integrates an array of diverse financial metrics, departing from conventional models to offer investors a more comprehensive understanding of a company’s intrinsic value. This holistic approach, combined with advanced mathematical algorithms and cutting-edge data analytics, positions Buffett 2.0 as a powerful tool for navigating today’s dynamic market landscape.

Michael Kodari, CEO of KOSEC, emphasized the model’s innovative features, stating, “What sets Buffett 2.0 apart is its holistic approach to valuation. We have combined advanced mathematical algorithms with cutting-edge data analytics to create a model that not only identifies hidden gems but also provides investors with a deeper understanding of the intrinsic value of companies.”

Developed in collaboration with a team of esteemed mathematicians and data scientists affiliated with the Fields Institute of Mathematics in Canada, Buffett 2.0 offers investors a strategic advantage in identifying investment opportunities and managing risk. The Fields Institute, internationally recognized for its mathematical prowess, bears the name of John Charles Fields, the visionary behind the prestigious Fields Medal, often hailed as akin to the Nobel Prize in Mathematics. This institute has been a crucible for pioneering research in mathematical sciences, shaping its global reputation for excellence.

As KOSEC continues to push the boundaries of financial analysis and innovation, Buffett 2.0 stands as a testament to the company’s commitment to excellence and its relentless pursuit of delivering exceptional value to clients.

In addition to this milestone, KOSEC has recently announced its national expansion across Australia acquiring top advisers, following successful ventures in the United States. Leveraging its success from unparalleled product and service offerings, KOSEC aims to redefine the investment landscape.

At the forefront of this expansion is also the introduction of other cutting-edge financial technology products, including the groundbreaking Phantom X. This state-of-the-art software equips KOSEC clients with a distinct competitive edge by seamlessly integrating comprehensive resources.

“KOSEC is committed to empowering investors with the tools they need to succeed in today’s dynamic market,” said Michael Kodari. “With the launch of Phantom X and our other innovative products, we are transforming the way investors approach their portfolios.”

Phantom X offers a wealth of opportunities, providing access to decision-driving data, macroeconomic insights, sector analysis, insider trading intel, fundamental analysis, and the force of Artificial Intelligence. Crafted by industry professionals, this remarkable software was initially designed for internal use but is now available to KOSEC clients, offering unparalleled access to a wealth of knowledge.

About KOSEC – Kodari Securities:

KOSEC stands out as a leading hub for investors seeking expert guidance in navigating the complexities of wealth management while safeguarding their financial assets. By equipping clients with indispensable insights and an extensive range of resources, KOSEC empowers them to make well-informed and strategic investment decisions.

Collaborating with a diverse clientele including individuals, family offices, trusts, SMSFs, corporations, and charitable organizations, KOSEC ensures swift access to top-tier resources and invaluable insights. With an unwavering dedication to excellence, KOSEC fosters genuine connections among clients and its exceptional team, all driven by a unified mission: to arm investors with unmatched knowledge, state-of-the-art tools, and abundant resources that pave the way for groundbreaking investment opportunities.

About Michael Kodari:

Renowned globally as a distinguished investor, philanthropist, and expert in financial markets, Michael Kodari has consistently demonstrated outstanding performance, setting him apart on the international stage. Praised by CNBC Asia as ‘the brightest 21st-century entrepreneur in wealth management,’ Kodari’s illustrious career has been characterized by collaboration with industry leaders and consultations with prestigious financial institutions.

With an unprecedented foundation in funds management and stockbroking, Kodari’s journey began with notable achievements. He made history as the youngest expert panelist on the Sky Business Channel at just 25 years old, captivating audiences and achieving record-high ratings. Over three transformative years, Kodari solidified his reputation as a formidable presence in the financial sector.

Kodari’s influence transcends traditional media, extending to diverse platforms and spearheading enlightening global conferences. His involvement in significant events, such as ‘Inside China’s Future,’ underscores his expertise in fund management. Notably, he shared the stage with eminent figures like George Soros as the sole financiers invited to offer insights on Chinese government asset allocation offshore, a testament to his extraordinary expertise.

In 2019, Kodari’s reputation reached new heights as he served as an esteemed expert panelist at Parliament House, contributing significantly to discussions on the dynamic landscape of innovation and entrepreneurship between Australia and China. His role as a trusted authority in investment and collaboration on an international scale further solidified through his profound insights and expertise.

Media Contact

Organization: KOSEC – Kodari Securities Pty Ltd

Contact Person: Keely Murphy

Website: https://www.kosec.com.au

Email: [email protected]

Contact Number: +61299553151

City: Sydney

State: NSW

Country: Australia

Release Id: 04052411470

The post Breaking Boundaries: KOSEC Introduces Next-Gen Valuation Model, Buffett 2.0 appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Cloud PR Wire

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Press Release

ZiphyCare and Horizon Hover Announce Major Partnership To Transform Access To Healthcare and Mobility

Published

1 hour ago

May 4, 2024

Cloud PR Wire

United States, 4th May 2024 – ZiphyCare, a leading innovator in home healthcare technology, and Horizon Hover, a pioneer in electric hover mobility solutions, are thrilled to announce a strategic partnership aimed at enhancing healthcare accessibility and revolutionizing personal mobility. This collaboration combines cutting-edge healthcare delivery with advanced mobility technology to serve underserved communities and beyond.

ZiphyCare has been at the forefront of providing essential at-home healthcare services to vulnerable populations using their state-of-the-art ZiphyKit. This patented technology, known as a “doctor’s office in a suitcase,” enables trained medical personnel to conduct comprehensive, data-rich medical exams remotely. The technology has proven indispensable during the coronavirus pandemic, providing critical care to high-risk individuals across the U.S. without leaving their homes.

On the other hand, Horizon Hover has redefined personal and business travel with its innovative hover bikes and cars. Capable of reaching up to 1,000 feet in the air and traveling at speeds up to 60 knots over any terrain, Horizon’s vehicles are powered by environmentally friendly electric batteries and fans. This technology promises a new era of travel and extends healthcare services to previously inaccessible areas.

Dr. Priyanka Chopra, Chief Clinical Officer at ZiphyCare, expressed enthusiasm about the partnership, stating, “Our technology and hybrid care model has already transformed patient care. With Horizon Hover, we can reach even more patients in remote or hard-to-access areas, ensuring timely healthcare delivery to those in need.”

The partnership also includes collaboration with Alegria Health and Wellness, a primary care facility in the underserved Morrisania section of the South Bronx. Alegria focuses on critical care for adults, pediatrics, and women’s health. ZiphyCare’s integration into Alegria’s services has already extended office hours and facilitated home visits, significantly improving patient outcomes.

“This partnership is more than just a technological leap; it’s about making a real difference in people’s lives,” said a spokesperson from Horizon Hover. “Together, we are setting a new standard for healthcare mobility.”

As ZiphyCare and Horizon Hover move forward with their collaboration, they demonstrate their commitment to innovation, community service, and healthcare excellence. This partnership reflects the potential of technological advancements to solve real-world problems and sets a benchmark for future collaborations in the tech and healthcare industries.

Media Contact

Organization: ZiphyCare

Contact Person: ZiphyCare

Website: https://ziphycare.com/

Email: Send Email

Contact Number: +18884494749

Country: United States

Release Id: 04052411723

The post ZiphyCare and Horizon Hover Announce Major Partnership To Transform Access To Healthcare and Mobility appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Controversial New Book Hits #1 Before Release!

Published

2 hours ago

May 4, 2024

Cloud PR Wire

Dr. Sheri Pallas’, WE HAVE RUINED GOD: MY JOURNEY OUT OF RELIGION AND INTO UNCONDITIONAL LOVE releases May 9th but it’s already #1 in “Faith Deconstruction.”

Los Angeles, California May 4, 2024 (Issuewire.com) – Dr. Pallas’ narrative nonfiction, We Have Ruined God: My Journey Out of Religion and Into Unconditional Love is already making waves!

An irreverent expose uncovering the flaws and manipulations in religious doctrines. We Have Ruined God is a candid and thought-provoking narrative. It invites the reader to participate in a journey of self-discovery and healing from religion-induced trauma.

The book highlights the hypocrisy, misogyny, and toxic elements woven into many religious teachings. At the same time, it provides clarity and a path to spiritual fulfillment in a world clouded by agenda-driven teachings.

The truth does set you free.

Readers will embark on a cathartic quest to break free from the bondage of destructive religious dogma. Rev. Dr. Sheri Pallas’ abusive evangelical upbringing led to life-changing discoveries of the inaccuracies and contradictions in the Bible. Dr. Pallas presents a path for deconstruction and spiritual evolution.

We Have Ruined God is a powerful testament to the resilience of the human spirit. Its message is hope, compassion, and unconditional love.

About Sheri:

Rev. Dr. Sheri Pallas focuses on dispelling the hate and exclusivity caused by religion, addressing misinformation, and healing religious trauma. She fights for the marginalized, disenfranchised, and abandoned.

Now, love is her religion, peace is her intention, and social justice is her goal.

Sheri hosts a weekly live stream, Fireside Creators, discussing tough topics and changing the world one conversation at a time.

www.sheripallas.com

Early Reviews:

“We Have Ruined God” is a thought provoking, professionally researched, comprehensive look at organized religion vs. Biblical truth. Dr. Pallas incorporates her own experiences with facts and myths from a variety of religious beliefs, with a focus on Christianity. In a time where the Bible is frequently taken out of context or misquoted to justify extreme beliefs, readers owe it to themselves to learn the truth of “God’s word.”

Regardless of your religious affiliation or lack thereof, this book will entertain you while making you think.” ~ Paula Barr Skillicorn

“Sheri (Shero),

To say the least, you wrote the book I’ve always wanted to write but haven’t had the skills and heart to try. You described my most intimate thoughts about religion and, especially, UNCONDITIONAL LOVE (even though some of your writing is personal to you).

I’m a retired pastor from the United Church of Christ, preceded by 20 years of having served as a mental health psychologist and in private practice. So, I feel your writing in my bones. I just told my wife that your efforts are a true match for my life experience.

I share your understanding of Unconditional Love as a focus of my life. It IS the focus of every day and the reason I continue to serve and help others BUT it “saved my life” to find the true meaning of why I am here. I’ve never experienced anything like it, in Oneness with the Universe and surrounded with Unconditional. Love! I have been living in that Love since my late 20s after a lot of meditation and some friendly mushrooms!

I’m going to turn 77 this year and, having read your book, I have a better and deeper understanding of lots of things that the Bible confused me with. Having been a shrink and a pastor, I appreciate your “debriefing” of why I was confused, as you put so much into perspective.

Your rebuttals to Biblical “norms” gave me hope that someone else sees the religious ways as controlling, misogynistic, programming and manipulative. Your research must have taken a ton of time and effort.

I sense your truth as a real gift to the world. Your transparency really makes the book even more powerful and real. You are a gift and your book proves it.” ~Rev. Cal Kemper

“If you’re questioning your faith, unsure which religion is the “right” religion, or simply looking for an accurate historical account of how Christianity got to where it is today, this book is for you. Sheri has taken a deep dive into explaining why something that was meant to be based on love, acceptance, and good-will became warped and entangled with power, control, and abuse.

Every religion has something in common – something basic and loving that calls to us and inspires us to be better human beings. But in this day and age, we are also witnessing and experiencing atrocities in the name of God. How can the two opposing concepts of “Love they neighbor” and “War in the name of God” exist within the same religion?

Sheri explains this and more while allowing you into her own personal experience with heartfelt honesty and authenticity. We Have Ruined God is an eye-opening look and explanation for why we are where we are when it comes to religion, politics, and many other aspects of our culture. And it sets us up to continue our journey as human beings with better understanding, compassion, and integrity.” ~ Amey Aubrey, author and L.Ac., Ph.D., Eastern Medicine Practitioner & Licensed Acupuncturist

“Dr. Sheri Pallas new book, We Have Ruined God, is a thorough critique of religion, and traditional worldviews Christianity has held. I was quickly drawn into her personal journey and then amazed at the wisdom and accessible narrative of religion and spirituality throughout history.

You will feel informed and empowered for your journey, and grateful you went on the journey with my good friend, Sheri!” ~ Karl Forehand, author, podcaster, and blogger at The Desert Sanctuary

“Wow, what a journey! Sheri Pallas dives deep into her own story with religion, courageously making herself vulnerable. But this book is not simply a story of what went wrong; Pallas points us toward what is right, nourishing, and hopeful. This book offers a ride that’s wild, wise,… and loving!” ~ Thomas Jay Oord, co-author of God After Deconstruction

“For anyone who has survived a childhood of religious trauma such as Christian fundamentalism often causes, “We Have Ruined God” will most likely resonate. Sheri Pallas takes the reader on an inspiring journey through her own recovery from a Christianity without Christ to her own reasoned conclusion that ‘God is love, nothing more and nothing less.’

This book can help you update your own survival skills.” ~ Daniel K. Held, M.Div.,M.S.W., LISW | Pastor, Psychotherapist. Author of “Love’s Resurrection: its power to roll away fear’s heaviest stone,” and “Redeeming Gethsemane: when our age of loneliness meets a woke church