Press Release

DEBT Is Now Available for Trading on LBank Exchange

LBank Exchange, a global digital asset trading platform, will list DEBT on July 5, 2022. For all users of LBank Exchange, the DEBT/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on July 5, 2022.

As a decentralized eco-friendly blockchain technology project, DEBT Box introduces a growing list of token projects that are linked to real-world commodities, enabling users to become miners to earn rewards from several asset classes. Its native token DEBT will be listed on LBank Exchange at 20:00 (UTC+8) on July 5, 2022, to further expand its global reach and help it achieve its vision.

Introducing DEBT Box

The DEBT Box is a revolutionary decentralized eco-friendly blockchain technology network of anonymous software operators who, together, create a blockchain ecosystem. Utilizing DEBT’s Box’s proprietary software, users can create a portfolio of blockchain miners. By purchasing and managing different software node licenses they can earn rewards from several asset classes, all from the comfort and convenience of their own home.

With a growing list of token projects that are linked to real-world commodities through blockchain, DEBT Box adds stability to its ecosystem by supporting tangible physical commodity production, such as gold, silver, crude oil, natural gas, agriculture, real estate, royalty cash flows, and more projects will be announced.

The DEBT Box ecosystem benefits from physical production of these commodities by supporting real-world projects that generate revenues. These real-world commodity production projects benefit from Digital Licensing Incorporated’s financial support, technologies, and operational assistance.

For instance, there is a DEBT Box’s project called Black Gold (BGLD) supported by and linked to the physical production and sale of crude oil. By purchasing a Black Gold software license and becoming a BGLD node operator, users’ are allowing Digital Licensing Incorporated, the DEBT Box ecosystem’s permissioned administrator to support oil industry projects within the exploration, drilling and physical production of crude oil with certain key benefits. Software license holders are rewarded for their blockchain support with BGLD tokens.

In addition to BGLD, there are also GROW, which is supported by high yielding agriculture, NATG, which is supported by and linked to the physical production and sale of natural gas, and so on. Other projects such as BLOX, REV, DLS will soon be launched.

About DEBT Token

The DEBT token is the central support and utility token for the DEBT Box ecosystem which has a growing list of token projects. Each project will have a swap pairing with the DEBT token. Other projects in the ecosystem are deflationary with transfer fees to support the network, discouraging frequent trading. Because of this, a token holder will be encouraged to transfer their project token value to the DEBT token before transferring and using it for trading and liquidity. With the central role it plays on the platform, DEBT will generate demand as more and more projects enter the ecosystem and token projects mature.

Based on BEP-20, DEBT has a total supply of 50 million (i.e. 50,000,000) tokens. All tokens are minted and deposited into the Ecosystem Growth Initiative (EGI) pool, and the number of tokens in circulation is based on the synthetic, license-based rules and schedule.

The DEBT token will be listed on LBank Exchange at 20:00 (UTC+8) on July 5, 2022, investors who are interested in DEBT Box investment can easily buy and sell DEBT on LBank Exchange by then. The listing of DEBT token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.

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About LBank Exchange

LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 7 million users from now more than 210 regions around the world.

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