Press Release

ORC, The Dark Horse in OPEN Eco-Layout

Published

5 years ago

January 22, 2021

Scientific innovations are the driving force for times transformation. Following steam engines, electricity and computer, Blockchain has brought a new revolution to technology and industry of this era.

When it comes to the currently most-talked-about blockchain technology, the decentralized finance (DEFI) deserves a special mention.

As of June 2020, the daily value locked in DEFI has broken the record, now standing at 27.3 billion dollars. It has been nibbling away at the trillion-dollar digital currency market, growing continuously into a giant.

DEFI presents huge market dividends, attracting many industry pioneers to grasp the preemptive opportunities for participation.

OPEN – Bring a wider range of assets to DeFi

OPEN is right among them. OPEN Foundation has started the overall layout of DEFI industry since 2019. After prudent and comprehensive considerations, OPEN chose OnlyChain.

Based on its analysis of OC’s position ratio via its digital asset management company with BTC Grayscale as a benchmark, OPEN has long appreciated OC and set mind to build DEFI ecology on OC system.

Open Finance is a basket of open finance and currency protocol applications developed by OPEN Foundation on OC. Through the protocol matrix with strong composability, it aims to realize a huge financial machine that can run and evolve by itself to replace the current economic operating mode and become a decentralized full-domain world bank.

OPEN is the first team to propose and practice protocol matrix concept in the industry. Its mature and supporting DEFI infrastructure provides one-stop decentralized financial solutions for global users and a unified liquidity space to serve open finance of the future.

Open Swap – Decentralized Exchange

Asset trading and clearing are important parts of traditional economic activities. It is Open Swap that assumes the above responsibilities in the OPEN system.

Open Swap delivers one-stop on-chain trading services for users based on its three core technologies and 20000+ TPS. The transfer speed speaks for itself. Also, the underlying operating system of OC does make Open Swap extremely competitive in processing large and low-frequency transactions, providing users with smooth on-chain trading experiences.

Open Lend – Hybrid Lending Market

Open Lend benchmarked against the lending and financial derivative issuance in the traditional economic activities can automatically calculate interest rates based on supply-demand change.

This benefits borrowers and lenders, making up for the opportunity cost of holding assets in an open financial network and getting rid of the fixed interests from the traditional financial market.

Open Stable – Asset Protocol Aggregation Platform

Open Stable is the center part of OPEN, allowing users to generate the stable assets OUSD (i.e. stablecoin asset protocol) from the secured assets.

OUSD is encrypted assets softly pegged to US dollars as asset collateral. It provides excess backed assets for users so as to effectively withstand vicious inflation.

And thanks to the technical advantages of OC, Open Stable enjoys high-speed asset transfer and delivery.

Open Link Oracle

OpenLink is the first distributed oracle on OC.

It is a vehicle that captures the value of Open Finance and OnlyChain ecosystem. It has defined and realized a new on-chain price generation and digital value capture plan to fix interoperability issues for the smart contract, which significantly enables it to be applied in finance, insurance, supply chain and many other industries.

Since all full eco-applications in OPEN financial system are built on OC, the above applications are exclusively confined to it. However, there exists a shortage in asset diversity on OC. So, how to achieve OC’s interoperability with other blockchains to expand the Open financial ecosystem?

ORC – An ultimate solution to blockchain interoperability.

Open Reactor

Open Reactor – Cross-chain protocol

Open Reactor (ORC) is the first decentralized cross-chain solution on OC system and also the exclusive cross-chain protocol in OPEN system. It serves as a window for financial data and value exchange with external blockchains.

The core mechanism of ORC cross-chain solution is OrcVM, through which users can use BTC and ETH to generate OBTC and OETH on OnlyChain at 1:1 if asset security is guaranteed. Owing to the high-performance blockchain network of OC, users enjoy extremely low handling fees and high transaction speed.

ORC also allows users to transfer digital assets from OC system to other blockchain networks so that on-chain assets can be freely flowed, interacted and aggregated between different blockchains, thus bringing the entire cryptocurrency market back to its root.

The ORC cross-chain solution can be applied to any sub-application in OPEN system. That’s to say, in the years to come, ORC will be the exclusive channel for OPEN sub-protocol to expand its use scope and interact with other public chains. Its importance is beyond any doubt!

The financial sector is a pioneer in exploring the application of blockchain technology, with different institutions having varied blockchain-based layouts and applications. But there also exist some urgent problems of fragmentation.

ORC can realize asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.

ORC Value Analysis

Provide OPEN with a variety of practical cross-chain assets to make sub-protocol matrix connected.

OBTC and other cross-chain assets acting as a cohesive layer will run throughout the entire open financial ecology to make closer interactions between various sub-protocols, thus achieving a huge and autonomous DEFI ecosystem.

Integrate value of BTC and other mainstream digital assets into OC system for OC value expansion.

Relying on the digital token of Open Reactor, ORC will bring the value of Bitcoin and Ethereum into OC network so that asset liquidity of more public chains can be locked into it.

Offer an interactive channel between various OPEN applications and other public chains to expand the ecological layout.

ORC allows users to generate OBTC with BTC. These cross-chain assets can be uses as trade varieties, lending products and synthetic asset reserve resources between Open Swap, Open Lend and OpenStable, which immensely diversify assets in OPEN and promote their operation and deployment on the whole ecosystem.

Address problems existing in information interaction, asset transfer and business collaboration between the independent public chains and consortium chains of different industries, like banking, securities, insurance and real estate.

ORC can realize the asset, information and trade interconnectivity and collaboration between different blockchains, which provides broader imagination space for Blockchain’s further application in the financial sector.

Push ahead with the rapid establishment of global financial integration or regional economic integration.

Cross-chain enables value to flow between different blockchains. During this process, users, data and scenarios can be well linked to finally build a larger value ecosystem. If cross-chain technology grows into maturity, blockchain in the future will become infrastructures like today’s highways, water and electricity supplies. This will greatly facilitate the free flow of value and promote global financial integration.

Conclusion

If OPEN is a new self-evolving and self-sustaining decentralized financial empire, ORC cross-chain solution will be its “reform and opening-up policy.” Only by embracing a bigger external world can we accelerate the rapid and stable development of ecology and build a “sun-never-set empire.”

About us

https://www.openfin.network/#/

About Author

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

About Tenzin Travel & Tours and Its Services

Published

2 hours ago

May 22, 2026

Cloud PR Wire

Tenzin Travel & Tours is a trusted local Tibetan travel agency based in Lhasa with more than 25 years of experience in Tibet tourism. The agency manages every aspect of a Tibet journey, including permits, tours, train and flight ticketing to and from Lhasa, and complete trip planning. Local expertise helps ensure a smooth, safe, and authentic travel experience for visitors exploring Tibet.

Planning a trip to Tibet can be exciting, but it may also feel complicated. Travelers need special permits, independent travel is restricted, and transportation to Lhasa often requires careful coordination. Many travelers become overwhelmed during the planning stage, while others worry about making mistakes that could affect the entire journey.

This is exactly why we created Tenzin Travel & Tours.

As a local Tibetan travel agency operating from Lhasa since 1997, the company has spent more than two decades helping international travelers explore Tibet with confidence. The agency understands every step of the travel process, from permit applications to transportation arrangements and on-ground logistics. The goal is simple: to handle all travel arrangements so visitors can focus entirely on the journey and cultural experience.

What Makes Tenzin Travel & Tours Different from Other Tibet Agencies?

Tenzin Travel & Tours stands out as a locally owned Tibetan agency with more than 25 years of experience. The company offers complete travel solutions, including Tibet permits, tour packages, and transport booking services.

Strong local knowledge and a reliable network help provide a smooth and authentic Tibet travel experience. Unlike overseas resellers, the agency operates directly from Lhasa, allowing full control over travel arrangements.

Over the years, strong relationships have been developed with local authorities, hotels, drivers, and guides. This network allows complex travel arrangements to be managed efficiently and professionally. Most importantly, the company understands Tibet from a local Tibetan perspective, creating a more meaningful and authentic experience for travelers.

The Story Behind the Agency

Tenzin Travel & Tours was established in 1997 in Lhasa during a period when Tibet tourism was still developing. At that time, travel conditions were more challenging, and dependable local operators were limited.

The company gradually built a strong reputation through experience, professionalism, and trust. During the past 25 years, thousands of travelers have explored Tibet through the agency, including destinations such as Lhasa, Everest Base Camp, and Mount Kailash.

Each journey has contributed to improving services and refining the overall travel experience. Being a Tibetan-owned agency remains central to the company’s identity. The agency takes pride in sharing Tibetan culture, traditions, spirituality, and landscapes with travelers from around the world.

Tibet Travel Services Offered

Tibet travel services, including permits, tour packages, train and flight ticketing to and from Lhasa, transportation, and full trip support. Everything is arranged in one place to make your journey simple and stress-free.

Tibet Travel Permit Services

Traveling to Tibet requires special permits, and the application process can be confusing for first-time visitors. Tenzin Travel & Tours handles the entire permit process, including the Tibet Travel Permit and additional documents required for specific itineraries.

The team ensures all approvals are completed in advance, helping travelers enter Tibet without delays or complications. Professionally Designed Tibet Tour Packages The Tibet tour packages are created using more than 25 years of local experience.

Every itinerary is carefully planned to balance sightseeing, altitude acclimatization, and cultural experiences. Whether travelers wish to explore Lhasa, visit Everest Base Camp, or undertake a Mount Kailash pilgrimage, the tours are designed to provide a comfortable and meaningful journey.

Flight Ticket Booking to Lhasa and International Connections via China or Nepal

Private and Small Group Tours

Both private and small group tours are available to suit different travel styles. Private tours offer flexibility and personalized experiences, while small group tours allow travelers to share the journey with like-minded visitors. Every tour is organized with attention to comfort, safety, and proper pacing.

Experienced Tibetan Guides

Our guides are local Tibetans with deep knowledge of the region’s history, culture, and traditions. They are not only trained professionals but also passionate storytellers who bring each destination to life. With their support, you gain a deeper understanding of Tibet beyond what you see.

Tibet Travel Permits and Logistics Made Simple

Traveling to Tibet requires official permits that must be arranged in advance through a licensed travel agency. These permits are mandatory and checked at multiple points during your journey.

Depending on your route, you may need:

• Tibet Travel Permit

• Alien Travel Permit

• Military Permit

As per the Tibet Permit Regulation, these documents are required for visiting places such as Everest Base Camp and Mount Kailash.

You only need to send us your documents. Submit, and secure all approvals.

This removes the biggest barrier travelers face when planning a trip to Tibet.

Conclusion

Tenzin Travel & Tours is your trusted partner for Tibet travel.

With over 25 years of experience, Complete services including permits, tours, and train and flight ticketing to and from Lhasa. Our local expertise ensures your journey is smooth, safe, and meaningful.

If you are planning to visit Tibet, now is the best time to start.

About Author

Cloud PR Wire

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Press Release

MEXC Launches Ondo Tokenized Stocks Carnival with a $1,000,000 Reward Pool

Published

3 hours ago

May 22, 2026

Cloud PR Wire

Victoria, Victoria, May 21st, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, has announced the launch of the Ondo Tokenized Stocks Carnival, featuring a $1,000,000 reward pool. This event is designed to lower the barriers to traditional markets, enabling crypto users to trade global assets through a familiar, crypto-native experience while achieving comprehensive portfolio diversification.

Event Mechanisms and Rewards

Users can participate in the carnival and share in the reward pool through the following mechanisms:

New User Exclusive (200%+ Cashback): Selected new users who complete a net deposit of at least 100 USDT or 100 USDC and maintain it for at least one day will receive a position airdrop. (Limited to the first 2,000 eligible users)
0 Trading Fees: All users can enjoy 0 fees on designated Ondo tokenized stocks and all Stock Futures throughout the event period.
Daily Trading Pool: Users reaching a daily trading milestone of at least 5,000 USDT in designated Ondo stocks can share a $100,000 reward pool via a daily check-in mechanism.
Lucky Draw: A $200,000 prize pool is available through a lucky draw on the event page, featuring diverse rewards such as TSLAON, NVDAON, and USDT.

As a leading Real-World Asset (RWA) platform, Ondo Finance brings traditional assets such as US Treasuries, stocks, and ETFs on-chain through compliant infrastructure. Each tokenized stock acts as a “digital twin,” backed by corresponding real-world shares held under regulated custody. By supporting 24/7 trading, instant on-chain settlement, and fractional holding, Ondo significantly improves capital efficiency and offers greater flexibility compared to traditional markets.

With the US stock market continuing its strong performance, investor demand for globally diversified asset allocation has reached new heights. This event underscores MEXC’s commitment to bridging traditional finance and the digital asset ecosystem. By offering 0-fee trading to lower barriers and save on costs, MEXC continues to put its “User-First” philosophy into practice, helping users preserve more of their capital while making global investment opportunities more accessible. Moving forward, MEXC will continue expanding access to US stock assets, enabling users to capture infinite opportunities across global markets.

To learn more and join the event, please visit the MEXC Ondo Tokenized Stocks Carnival page

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: media@mexc.com

Risk Disclaimer:

This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

Contact

MEXC PR team
media@mexc.com

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Cloud PR Wire

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Press Release

Hisense Partners with FIFA for First-Ever Sensory-Inclusive FIFA World Cup™

Published

4 hours ago

May 22, 2026

Cloud PR Wire

Consumer electronics and home appliance leader sponsors sensory inclusion initiative across all 16 host cities, helping fans with sensory sensitivities experience football’s biggest stage

QINGDAO, China – Hisense, a leading global home appliance and consumer electronics company, today announced a groundbreaking partnership with FIFA and KultureCity to support the first-ever Sensory Inclusive tournament at the FIFA World Cup 2026.

Through this initiative, all 16 host stadiums across the United States, Canada, and Mexico will feature dedicated sensory rooms equipped with Hisense display technology. Designed for fans who experience sensory overload—including individuals with autism, PTSD, dementia, anxiety, and other conditions—these spaces will provide calming, supportive environments within the high-energy setting of match day.

Expanding Access to the Beautiful Game

Research indicates that an estimated 5% to 16.5% of people experience sensory processing challenges. For these fans, the intensity of live sporting events—the high energy of the crowd, sudden cheers, and ongoing movement—can make attending feel overwhelming or inaccessible. This initiative looks to change that, ensuring that more fans can experience the beautiful game in person.

“At Hisense, we believe every innovation should enrich every life,” said Catherine Fang, Vice President of Hisense Group. “This partnership reflects our commitment to ‘Innovating a Brighter Life.’ True innovation means turning technology into access—and ensuring no one is left on the sidelines.”

Sensory-Inclusive Infrastructure Across All 16 Stadiums

The initiative centers on two key components:

Sensory Rooms at Every Stadium: Each of the 16 venues will include a dedicated quiet space where fans can step away from match intensity to regulate their sensory experience. These rooms will feature dimmed lighting, reduced noise, comfortable seating, tactile resources, and Hisense displays presenting calming visual content. Hisense’s advanced screen technology delivers clear, balanced visuals designed to support relaxation and sensory regulation.

Stadiums will feature sensory rooms within the venue or in the Stadium Fan Experience area as part of the expanded stadium footprint. In eight stadiums, both options will be available to fans, and fans will have access to a space in every stadium during every minute of the game itself. These rooms extend access to calming spaces throughout the venue, recognizing that sensory needs can arise at any moment during the event experience.

Ticket Access: In partnership with KultureCity, Hisense will provide complimentary match tickets in each Host City to families with sensory needs who may otherwise be unable to attend.

Creating a More Inclusive Tournament

In addition, the sensory rooms complement FIFA’s broader accessibility efforts, including sensory bags and trained venue staff to support fans with diverse needs.

“Football unites the world, and it is our goal to help everyone be able to participate in this sport—whether as a player or as a fan,” said Heimo Schirgi, Chief Operating Officer of the FIFA World Cup 2026.

The FIFA World Cup 2026 will feature 104 matches across 16 cities over 39 days. For the first time in tournament history, every host stadium will include dedicated sensory-inclusive and accessible spaces—marking an important evolution in how global sporting events serve diverse audiences.

For more information about ticket applications through KultureCity, visit Hisense × KultureCity at FIFA World Cup 2026 – KultureCity .

About Hisense

Hisense, founded in 1969, is a globally recognized leader in home appliances and consumer electronics with operations in over 160 countries, specializing in delivering high-quality multimedia products, home appliances, and intelligent IT solutions. According to Omdia, Hisense ranks No. 1 globally in the 100-inch and over TV segment (2023-2025). As The Origin of RGB MiniLED, Hisense continues to lead the next-generation RGB MiniLED innovation. As the official sponsor of the FIFA World Cup 2026TM, Hisense is committed to global sports partnerships as a way to connect with audiences worldwide.