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First Global Press Conference of the Lotus Exchange – London Station, England

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November 24, 2020 3:00 p.m, First “Lotus Exchange Global Press Conference-London Station, England” officially opened. Hosted by COIN UNION LIMITED, The Asian Block chain Association (ABS), the Australian Electronic Commerce Association (AECA), the Korean Block Chain Research and Education Institute (KBCI), the British Research Institute Coin Shares、 the British Investment Agency Passion Capital and other 100 industry associations and institutions, Net the core brand of the global decentralized exchange, Bringing together the core leaders of the Lotus Consensus community in 178 countries, Set up the upper, middle and lower trading service industry ecosystem, Witness the growth of Lotus exchanges.

Lotus Exchange as the world’s leading decentralized digital asset exchange, relying on the experience of senior trading platform and high-looking situation judgment, decentralization as the core into the exchange field, combined with distributed storage technology, to achieve user asset custody, dealmaking, asset liquidation are placed on the block chain, all trading instructions are implemented by open source intelligent contracts, without the participation of trading platform to participate in the supervision, Perfect solution to the traditional centralized exchange “capital manipulation, data fraud, security loopholes, excess operating costs, trading restrictions” inherent drawbacks, will dominate the digital asset trading mode, To create a global interactive three-dimensional trading service market, for the global block chain trading service market prosperity, inserted the wings.

The President of the COIN UNION LIMITED Foundation William  attended and delivered a speech. He said,Since the launch of Lotus Exchange, the experience and response of consensus community users have been very good. Among the many exchanges, Lotus Exchange is undoubtedly the shining star. This innovative mechanism, which maximizes the value of user consensus, represents the most advanced form of decentralized exchange that can be foreseen at present, and is the most subversive application of decentralized technology.

LTS Token the opening day of trading is a miracle of 10 times the increase, Lotus the exchange has always insisted on the consensus value and interests of all users in the first place, we believe that a thriving decentralized trading platform, Only by sharing the wealth of block chain technology and obtaining richer, reliable and secure trading services will it be based on the industry and open a new era of decentralized exchanges.

Aria Lorence, chief development engineer of the Lotus exchange, said that after more than ten years of baptism, the blockchain trading service industry ushered in a transition period from germination to specialization and maturity. At present, most exchanges have the disadvantages of centralization, which drag down the pace of the trading service industry, Lotus the exchange insists on taking decentralization as the starting point, and tries its best to construct a truly decentralized digital asset trading environment.

Lotus Exchange also adopts reasonable and feasible power distribution mechanism and destruction mechanism to ensure the dynamic balance of output and destruction of the whole LTS ecology, integrates main chain access network, side chain node and cross chain consensus technology in the output mechanism, and realizes fast and efficient full chain design, IPFS storage mechanism, Proof  of Work, Capacity of Work on a safe and robust basis. Block packing of public chain is no longer the main goal of mining, and a large number of meaningless transactions are reduced by packing blocks free of charge, Avoid a large amount of resource consumption of miners, objectively improve the system transaction throughput. Based on this, a permanent storage mechanism of Internet data is constructed, which makes it more convenient for commercial organizations to carry out self-operation on the basis of LTS public chain, carry out value interconnection, apply circulation strategy, and construct a new block chain application new economic ecological circle.

The economist Michael Kevin pointed out that the essence of Lotus exchange consensus link is the revolution of community economic system. For a long time, humanity has been unable to address the very inequitable distribution of wealth. Bitcoin, POW、POS、IPFS and so on all raise and inspire the possibility that Lotus exchanges are very likely to establish a truly computationally based community economic system, measured by community value. This community economic system is likely to be the most equitable and reasonable distribution system, so that the community economic system can maintain the stability of the wealth system caused by the digital economy, the broad calculation force and the wealth system.

Lotus exchange has achieved a breakthrough from “single computing power” to “multi-latitude computing power “, from reducing mining costs and optimizing output structure, to create a more fair, easier to achieve, higher consensus value of the community economic system. It will push forward the expansion of computing power revolution to the whole field of digital assets to support the growth and expansion of digital wealth in the future and form a system of computing power distribution mechanism for sustainable development.

Lotus exchange will also use high-performance matchmaking engine technology, high-frequency trading quantization strategy, IPFS distributed storage technology to achieve high concurrent processing speed, learn from the IPFS distributed network system, build unlimited expandable server, solve the problem of block chain network efficiency and block expansion. Lotus exchange also adopts ring signature encryption algorithm to strengthen chain security governance. Generally speaking, the Lotus exchange will solve the problem that the block chain can not be triangular (decentralization, security, transaction processing efficiency coexist at the same time). Besides, LTS ecology also adds modular design and ease of use to the development process. For easy development and maintenance, the LTS is divided into three modules: technical module, user interaction module and business path module. In order to meet the operating system and development needs of different users and truly open source, LTS provide different application versions of the application system, and provide mobile services. Encourage third-party development agencies and LTS to jointly promote the global application of block chain technology, and develop a convenient and efficient popular block chain mobile terminal service.

Lotus exchange will reshape the blockchain trading service system, and with the help of advanced technologies such as AI, big data, cloud computing, 5G and Internet of things, it will digitize the traditional economy, accurately match and widely circulate, and finally realize the digital upgrading of the transaction service industry, and create a digital economic ecological alliance with unlimited data circulation, open value sharing and industrial collaborative innovation.

In the future, lotus exchange will also establish a set of financial investment system with high transparency, accessibility and inclusiveness through distributed open source agreement, minimize the risk of trust, make it easier and convenient for participants to get injection, and further open the financial system of blockchain world by means of decentralized lending agreement, and will be applied to currency issuance, currency transaction, loan and asset delivery E-commerce, investment and financing and other fields. With multi center trust as the core, we will create a new generation of value circulation network, so that digital assets can flow freely. To create a highly open financial services market that everyone can participate in. It enables anyone to create new markets, provide liquidity and build financial applications that were previously impossible to exist, and apply to digital assets, financial investment, equity bonds, data security and other fields.

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The “ Finest Cultural Gifts from China ” Cultural and Tourism Trade Promotion Activity (Intangible Cultural Heritage and Time-Honored Brands Special ) was held in Kaifeng.

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On October 31, the Finest Gifts from ChinaCultural and Tourism Trade Promotion Activity (Intangible Cultural Heritage and Time-Honored Brands Special Session) was held in Kaifeng, Henan. The event adopted an integrated online and offline format, combining exhibition, performance, sales, and interactive experiences. Through domestic and international platforms, it featured live broadcasts with images and videos, reaching a total audience of nearly 900,000, including 510,000 overseas viewers.

Photo courtesy of the event organizer.

The event was hosted by the Culture and Tourism Department of Henan Province and organized by the National Cultural Export Base, Cultural, Technological and Innovation Park, Administration of Kaifeng Area of China (Henan) Pilot Free Trade Zone, the Culture, Radio, Television and Tourism Bureau of Kaifeng , the Kaifeng Municipal Bureau of Commerce, China Tourism News, and CCMG Cultural Creative Development Co., Ltd.(Beijing), with support from the National Base for International Cultural Trade Cooperation Alliance.

The event focused on showcasing and promoting a selection of high-quality intangible cultural heritage and time-honored brand products and services that embody the essence of Eastern aesthetics, integrate modern design concepts, and meet international market demand. It also introduced inbound tourism routes and consumption services featuring intangible cultural heritage and time-honored brands to global audiences , vividly telling Chinese stories, demonstrating Chinese craftsmanship, and sharing Chinese lifestyle aesthetics. The event aimed to promote the high quality development of international cultural trade, strengthen cultural trade platforms, and advance the globalization of China’s cultural industry.

A total of 306 enterprises submitted products, services, and tourism routes for participation. Among them, 161 representative projects with both profound cultural heritage and strong international market potential were carefully selected and compiled into a promotional handbook.

Additionally, a Song Dynasty Elegance” lifestyle market was set up, recreating scenes of Song-style aesthetic living through an integrated model of exhibition, performance, sales, and interactive experiences. Intangible cultural heritage and time-honored brands from 26 provinces across China participated, with a total of 256 booths, fully demonstrating the market appeal of heritage brands and the broad scope of cultural exchange.

“Song Dynasty Elegance” Lifestyle Market – Photo courtesy of the organizer

At the event, six intangible cultural heritage and time-honored brand enterprises conducted product roadshows, showcasing items such as Henan’s century-old Baiji Peanut Cake, Ningxia’s intangible heritage hemp weaving, and Beijing’s Kalim Tea. Three related organizations promoted inbound tourism routes, including Kaifeng-themed intangible cultural heritage tours and the Jianye Movie Town itinerary.

During the discussion session, four industry experts focused on key topics such as intangible cultural heritage preservation and innovation, cultural export strategies, and legal risk prevention. They provided in-depth insights combining theoretical perspectives with practical value, laying a solid foundation for the healthy development of cultural and tourism trade.

Promotion of Henan’s Century-Old Baiji Peanut Cake. Photo courtesy of the organizer.

Promotion of Ningxia Intangible Heritage Hemp Weaving – Photo courtesy of the organizer

Henan Weiqi Promotion – Photo courtesy of the organizer

Promotion of Kaifeng Inbound Tourism Intangible Cultural Heritage-Themed Routes Photo courtesy of the organizer.

Nearly 300 participants attended the event, including officials from cultural, tourism, and commerce departments across more than 20 provinces (autonomous regions and municipalities), representatives from intangible cultural heritage and time-honored brand enterprises, cultural trade companies, as well as experts, scholars, and media personnel.

Event Site – Photo courtesy of the organizer

The “Finest Gifts from China Cultural and Tourism Trade Promotion Activity integrates domestic and international, online and offline resources to showcase, promote, and trade a selection of high-quality cultural and tourism products with distinctive Chinese characteristics and style that are popular in international markets. The event provides a platform for exchanges and cooperation between Chinese and foreign enterprises, promoting the expansion and optimization of cultural trade, while enhancing the international competitiveness and recognition of Chinese companies and brands.

Prior to this, the Finest Gifts from China Cultural and Tourism Trade Promotion Activity has held 15 special sessions, with growing attention and participation both domestically and internationally, steadily advancing the development of cultural trade.

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CGTN: How China, ROK leaders open new prospects for ties at Gyeongju meeting

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Following a face-to-face meeting between Chinese President Xi Jinping and ROK President Lee Jae-myung in Gyeongju, CGTN published an article highlighting how head-of-state diplomacy sets a new course for China–ROK relations and how the two countries can strengthen strategic communication, deepen cooperation, and promote mutual understanding for the benefits of both peoples and regional peace and development.

Just after dawn in Jeju, the Republic of Korea (ROK), crates of fresh produce are loaded onto a vessel bound for Qingdao in east China.

Launched on October 16, the Qingdao-Jeju container line is Jeju’s first regular international shipping route. Thanks to this route, a journey that once took two weeks can now be completed overnight.

More than just a faster trade link, it signifies a renewed rhythm in China-ROK cooperation. Two weeks later, on November 1, that momentum found its political echo when Chinese President Xi Jinping and ROK President Lee Jae-myung met in Gyeongju, ROK, to chart the next stage of bilateral ties.

At the meeting, President Xi described China and the ROK as “important close neighbors that cannot be moved away and cooperation partners that cannot be separated.” He stressed that “promoting the sound and steady development of China-ROK relations is always a right choice that serves the fundamental interests of the two peoples and conforms to the trend of the times.” Xi’s words set the tone for a relationship that, though tested by changes, continues to move forward with mutual respect and mutual benefit.

‘Important close neighbors that cannot be moved away

During the meeting, President Xi called for strengthening strategic communication and consolidating the foundation of mutual trust, urging both sides to respect each other’s social systems and development paths while properly handling differences through friendly consultations. He also emphasized joint efforts to uphold true multilateralism and promote a fairer global governance system.

High-level exchanges have warmed up in recent months. In August, President Lee sent a special delegation led by former National Assembly Speaker Park Byeong-seug to China for a four-day visit, carrying a personal letter from the ROK president with a clear message: to put bilateral relations back on a stable and constructive track. In September, National Assembly Speaker Woo Won-shik attended events marking the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War in Beijing, followed by Foreign Minister Cho Hyun’s first official visit in his current role, signaling Seoul’s commitment to dialogue and renewed trust.

Niu Xiaoping, assistant research fellow at the Shanghai Institutes for International Studies, sees the Gyeongju meeting as more than a routine encounter. Niu said President Xi’s visit played “a bridging and guiding role,” helping China and the ROK “recalibrate and define a new positioning” for their partnership.

‘Cooperation partners that cannot be separated’

Economic ties have long been the backbone of the relationship. China has been the ROK’s largest trading partner for 21 consecutive years, while the ROK has regained its position as China’s second-largest trading partner. In 2024, bilateral trade reached $328.08 billion, up 5.6 percent year on year.

President Xi called for accelerating the second phase of the China-ROK Free Trade Agreement and tapping the cooperation potential in emerging fields such as AI, biomedicine, green industries and the silver economy.

“To help one’s neighbor succeed is to help oneself,” said Xi. Lee, for his part, stressed that economic cooperation between the two countries is “vital and indispensable” when answering a question from a CMG reporter.

President Xi also highlighted the importance of better communicating with the media and the general public, sending more positive messages and checking tendencies that may harm the relationship.

This emphasis on public perception has found concrete expression in people-to-people exchanges. Since China introduced visa-free entry for ROK visitors last November, and the ROK followed with a temporary visa exemption for Chinese group tourists this fall, travel between the two nations has surged. People from the ROK made near 2 million trips to China from January to August this year, a 40-percent increase year on year.

https://news.cgtn.com/news/2025-11-01/How-China-ROK-leaders-open-new-prospects-for-ties-at-Gyeongju-meeting-1HWZZsLEXh6/p.html

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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.

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Press Release

CGTN: How China, ROK leaders open new prospects for ties at Gyeongju meeting

Published

on

Following a face-to-face meeting between Chinese President Xi Jinping and ROK President Lee Jae-myung in Gyeongju, CGTN published an article highlighting how head-of-state diplomacy sets a new course for China–ROK relations and how the two countries can strengthen strategic communication, deepen cooperation, and promote mutual understanding for the benefits of both peoples and regional peace and development.

Just after dawn in Jeju, the Republic of Korea (ROK), crates of fresh produce are loaded onto a vessel bound for Qingdao in east China.

Launched on October 16, the Qingdao-Jeju container line is Jeju’s first regular international shipping route. Thanks to this route, a journey that once took two weeks can now be completed overnight.

More than just a faster trade link, it signifies a renewed rhythm in China-ROK cooperation. Two weeks later, on November 1, that momentum found its political echo when Chinese President Xi Jinping and ROK President Lee Jae-myung met in Gyeongju, ROK, to chart the next stage of bilateral ties.

At the meeting, President Xi described China and the ROK as “important close neighbors that cannot be moved away and cooperation partners that cannot be separated.” He stressed that “promoting the sound and steady development of China-ROK relations is always a right choice that serves the fundamental interests of the two peoples and conforms to the trend of the times.” Xi’s words set the tone for a relationship that, though tested by changes, continues to move forward with mutual respect and mutual benefit.

‘Important close neighbors that cannot be moved away

During the meeting, President Xi called for strengthening strategic communication and consolidating the foundation of mutual trust, urging both sides to respect each other’s social systems and development paths while properly handling differences through friendly consultations. He also emphasized joint efforts to uphold true multilateralism and promote a fairer global governance system.

High-level exchanges have warmed up in recent months. In August, President Lee sent a special delegation led by former National Assembly Speaker Park Byeong-seug to China for a four-day visit, carrying a personal letter from the ROK president with a clear message: to put bilateral relations back on a stable and constructive track. In September, National Assembly Speaker Woo Won-shik attended events marking the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War in Beijing, followed by Foreign Minister Cho Hyun’s first official visit in his current role, signaling Seoul’s commitment to dialogue and renewed trust.

Niu Xiaoping, assistant research fellow at the Shanghai Institutes for International Studies, sees the Gyeongju meeting as more than a routine encounter. Niu said President Xi’s visit played “a bridging and guiding role,” helping China and the ROK “recalibrate and define a new positioning” for their partnership.

‘Cooperation partners that cannot be separated’

Economic ties have long been the backbone of the relationship. China has been the ROK’s largest trading partner for 21 consecutive years, while the ROK has regained its position as China’s second-largest trading partner. In 2024, bilateral trade reached $328.08 billion, up 5.6 percent year on year.

President Xi called for accelerating the second phase of the China-ROK Free Trade Agreement and tapping the cooperation potential in emerging fields such as AI, biomedicine, green industries and the silver economy.

“To help one’s neighbor succeed is to help oneself,” said Xi. Lee, for his part, stressed that economic cooperation between the two countries is “vital and indispensable” when answering a question from a CMG reporter.

President Xi also highlighted the importance of better communicating with the media and the general public, sending more positive messages and checking tendencies that may harm the relationship.

This emphasis on public perception has found concrete expression in people-to-people exchanges. Since China introduced visa-free entry for ROK visitors last November, and the ROK followed with a temporary visa exemption for Chinese group tourists this fall, travel between the two nations has surged. People from the ROK made near 2 million trips to China from January to August this year, a 40-percent increase year on year.

https://news.cgtn.com/news/2025-11-01/How-China-ROK-leaders-open-new-prospects-for-ties-at-Gyeongju-meeting-1HWZZsLEXh6/p.html

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.

Continue Reading

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