Author: Web Desk

Singapore, Oct. 08, 2021 (GLOBE NEWSWIRE) — AscendEX is thrilled to announce the listing of the Jet Protocol token (JET) under the trading pair JET/USDT on Oct. 14 at 1 p.m. UTC. To celebrate the listing of JET, AscendEX will host two separate auctions that will take place simultaneously on October 13 between 1 p.m. and 2 p.m. UTC.

Jet Protocol will be launched as an open-source, non-custodial, borrowing and lending protocol on the Solana Blockchain. It engineers new possibilities for capital efficiency, performance, and scalability. Jet allows users to participate in lending pools where they deposit supported tokens to receive interest, or “yield” over time, as a participation incentive. Those deposits remain in a pool used for issuing loans to other users for as long as the assets remain delegated.

Jet believes that borrowing and lending protocols are integral to the DeFi ecosystem. The decision to build on Solana was based on its unmatched transaction speed and low fees. The Solana integration will allow Jet to contribute and grow on-chain DeFi lending. The project anticipates a gradual integration of broader interest and more efficient trading. In addition to lending, Jet will introduce interest rate products and secondary markets on Serum, facilitating ongoing, community-driven, lending product research and development. Through these methods, Jet makes it easy for users to earn interest with their JET tokens.

Jet is planning to launch with a dedicated governance system that leverages their founding team’s unique and extensive experience in protocol governance. This governance-oriented approach aims to work with the community to set a clear precedent toward how the Protocol will operate. Jet will innovate on tested governance models from existing protocols while focusing on community ownership and engagement. The most important aspect of this approach is to build an inclusive community to research, design, and implement useful lending products. So, the token holders will have a say in the future of the platform. This focus on community is core to Jet’s mission of bringing DeFi protocols into the mainstream.

Prior to a successful mainnet launch this week, Jet recently completed a follow-on funding round that included AscendEX among other partners bringing in a total of $6.8mm to the project. This latest fundraise has highlighted the strong support for Jet from a variety of stakeholders including AscendEX.

About AscendEX
AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:
Website: https://ascendex.com
Twitter: https://twitter.com/AscendEX_Global
Telegram: https://t.me/AscendEXEnglish
Medium: https://medium.com/ascendex

About Jet Protocol
Jet Protocol will launch as an open-source, non-custodial borrowing and lending Protocol on the Solana Blockchain. Jet re-engineers what’s possible in terms of capital efficiency, performance, and scalability on Solana. The Protocol allows users to participate in lending protocols where they deposit supported tokens to the platform and then receive interest on their deposits to incentivize participation.

For more information and updates, please visit:
Website: https://Jetprotocol.io
Twitter: https://twitter.com/JetProtocol
Telegram: https://t.me/jetprotocol
Discord: https://discord.gg/BsF3cEbdV9

Attachment

• Jet Protocol Lists on AscendEX

Marketing Department
AscendEX
marketing@ascendex.com

Copyright © 2021 GlobeNewswire, Inc.

THUWAL, Saudi Arabia, Oct. 07, 2021 (GLOBE NEWSWIRE) — Seaweed, as its unfortunate name suggests, can be a nuisance. It makes a mess of beautiful beaches. It bobs up and down in the waves in an unsightly blob. And it sticks to unsuspecting swimmers as they try to enjoy a dip. But despite its reputation with some ocean goers, seaweed just might be one of the most powerful tools we have to save the planet from manmade climate change while providing a path to realizing many of the UN Sustainable Development Goals.

Researchers from KAUST and Aarhus University believe seaweed is a model solution to climate change, biodiversity loss, joblessness, hunger and environmental damage. In a paper published in Nature Sustainability the co-authors outline how the cultivation and use of seaweed as a carbon capture technology, a job and tax revenue generator, and a food source, can help protect and restore our planet.

“Our research consolidates seaweed farming as an underpinning of a sustainable future,” Professor Carlos Duarte, study lead author said. “It is scalable, with a 2,000-fold increase potential, it generates valuable products while also contributing to carbon sequestration below the farm, it produces sustainable fuels, and it displaces carbon-intensive products, thereby providing a range of contributions to climate action. While growing at sea, seaweed forms an ecosystem that delivers multiple benefits to the marine environment.”

The cultivation and use of seaweed, the authors believe, will directly support six of the UN Sustainable Development Goals (SDGs), and indirectly support several others. Achieving zero hunger, supporting good health, making clean energy affordable, as well as supporting industrial innovation, climate action, and ocean conservation, are all outcomes of cultivating seaweed. Not only is the plant climate positive, profitable, and edible, but it promises to feed and employ millions while preserving the planet and fostering poverty reduction and gender equality.

“Seaweed provides wonderful materials for a range of applications, grounded in their amazing diversity, as seaweed are as far apart from a genomic perspective as mushrooms and elephants. This genomic diversity provides a phenomenal source of new materials across a range of industries, from food, to fuels and plastics,” Duarte said.

The pitch, as much as there is one, is that seaweed cultivation must be ramped up significantly. This, of course, might encounter roadblocks in legislatures around the world as western regulations, where seaweed farming is just starting, are quite unwelcoming to seaweed aquaculture. The paper outlines in broad terms the objections that could be raised and addresses them in turn.

“Because seaweed farming is a new industry in western nations, existing regulatory frameworks do not facilitate its development. In some nations it is easier to get a concession for marine oil and gas extraction than for a seaweed farm. Creating a friendlier regulatory environment that encourages, rather than deter, seaweed farming will be critical to delivering on its potential.”

“Currently, seaweed farming occupies about 2,000 Km2 of land, compared to about 60 million Km2 land food producing systems occupy. We consider that about 4 million Km2 of ocean can support seaweed aquaculture while delivering positive impacts on the marine environment. In the rump-up to COP26, we consider that scaling seaweed farming can be a wedge of a regenerative approach to our oceans, delivering climate action while alleviating hunger and poverty,” Duarte said.

Professor Dorte Krause-Jensen from Aarhus University adds that sustainability standards and consideration of the carrying capacity for seaweed farming need be in place to avoid potential unattended negative consequences the farming.

“The utilisation of seaweed in a cascading biorefinery extracting biomolecules sequentially, offers a path to maximise the value of the biomass and render seaweed farming profitable, even in Western countries where costs are higher” said senior researcher Annette Bruhn of Aarhus University. “Promoting sustainable seaweed cultivation as an emission capture and utilisation technology supporting the circular bioeconomy, calls for a cross-sectorial approach to solving societal challenges. We need a disruption of the traditional way of thinking climate, environment and resource provision in each their sector and we need partnerships between science, industry and authorities”.

About KAUST

King Abdullah University of Science and Technology (KAUST) advances science and technology through distinctive and collaborative research integrated with graduate education. Located on the Red Sea coast in Saudi Arabia, KAUST conducts curiosity-driven and goal-oriented research to address global challenges related to food, water, energy, and the environment.

Established in 2009, KAUST is a catalyst for innovation, economic development and social prosperity in Saudi Arabia and the world. The University currently educates and trains master’s and doctoral students, supported by an academic community of faculty members, postdoctoral fellows and research scientists. With over 100 nationalities working and living at KAUST, the University brings together people and ideas from all over the world.

To learn more visit kaust.edu.sa.

About Aarhus

Aarhus University has been achieving excellence in research and education since 1928. Being a top 100 university with more than 50 Masters and Bachelors educations in English, Aarhus University is a leading globally oriented university with a strong engagement in the solving the societal challenges on local and global scale.

Department of Bioscience provide teaching, research and consultancy in all aspects of life; from bacteria to whales, from genes to ecosystems and from fundamental research to applied biology in nature management and biotechnology.

To learn more visit https://international.au.dk/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5141687d-2aea-43e1-bddc-623aab93621f

For more information, please contact global.pr@kaust.edu.sa