LandX Proof of Reserves Live!
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What’s happening at LandX this week?
🏦 Proof of Reserves
The tokenization of real-world assets can be a complex process. That’s why making our processes as transparent and verifiable as possible is paramount. In that spirit, we’re excited to announce the completion of one of the most important milestones in the history of LandX: Proof of Reserves.
Big and small investors need to clearly understand the real value inside each RWA token. Now, they can check how much backing each xToken has by looking at it on the blockchain.
We’ve worked with Chainlink and The Network Firm to meet rigorous verification requirements to authenticate and publish the on-chain record of collateral backing every xToken.
This achievement completely removes any prospective investors' reservations regarding the backing of xTokens by providing proof that LandX’s tokenized assets are verifiably linked to the physical assets they represent.
Proof of Reserves is updated daily and published on our website.
🛡️DAO Governance Proposal: LNDX Burn
The LandX DAO is off to a running start, having already unanimously passed the first two proposals earlier this month. Now, we’re shifting gears to focus on the most recent amendment brought forth for consideration.
This proposal seeks approval from the LandX community to burn 1 Million LNDX tokens from the Stability Fund, aiming to create more scarcity and enhance the value for existing holders and stakers. This commonly employed strategy aligns with our goal to increase the value of LNDX over time.
• The Foundation’s wallet will claim LNDX from the veLNDX contract.
• Afterward, the tokens will be sent to the burn address. All LNDX tokens sent to this address become permanently inaccessible.
• This will reduce the circulating supply by 1 million LNDX
Voting ends March 31st and a quorum has already been reached with voters unanimously supporting this proposal, but there’s still time to make your voice heard!
Read the full proposal here.
🤝 LandX Partners with Plume Network
On Monday we announced our partnership with one of the fastest-growing RWA-focused Layer 2 destination networks: Plume.
Plume Network is a modular L2 network dedicated to onboarding projects and attracting new capital. Their roadmap aligns perfectly with our mission to solidify xTokens as a blue-chip building block in the composable DeFi landscape.
Read the full article here.
📰 The State of Real-World Assets
RWAs have seen major developments in March. With the world’s biggest investment firm jumping in and a stronger overall cryptocurrency market cap, real-world assets are rightfully at the front of every digital investor’s mind.
BlackRock's Big Bet - The new RWA tokenization fund will be deployed on the Ethereum Network. BlackRock also made strategic investments in the asset tokenization company Securitize.
RWA Tokens Move Up - Ondo Finance's native token hit new all-time highs following BlackRock's news. LandX’s native governance token did the same in the wake of the world’s largest asset manager’s announcement of their tokenized fund launch.
Leading Banks Dive Into Tokenization - Major banks worldwide are wrapping up testnet phases and moving into mainnet launches.
LandX ISM Delivering RWA Yield - Stable double-digit yields are still being delivered through LandX's insurance staking pools.
RWA Report 2024 - The report published by CoinGecko showed growth among commodity-backed tokens, hitting a $1.1 billion market cap recently.
Read the full post here.
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