1.Alibaba Partners with Lolli to Allow US Shoppers Earn ‘Free Bitcoin’
2.Bithumb Global Launches Native Token for Exchange Ecosystem
1.Alibaba Partners with Lolli to Allow US Shoppers Earn ‘Free Bitcoin’
Chinese online business giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli, empowering its customers to gain 5% back in Bitcoin. Alibaba customers would now be able to get Satoshis (sats), the smallest unit of Bitcoin currency, worth 0.00000001 BTC, when shopping “thousands of items online,”Lolli says. The news is published on Lolli’s official blog on Nov 12, 2019.
The announcement comes before Singles Day, the Nov. 11 Chinese shopping holiday equivalent to the U.S.’s Black Friday. According to Lolli, Alibaba shoppers spent more than $31 billion on Singles Day in 2018.
CEO and Co-founder of Lolli, Alex Adelman, said:
“I’m eager to collaborate with Alibaba on Singles Day and offer the opportunity to earn bitcoin back to its shoppers. This is a milestone partnership for Lolli as Alibaba is the largest retailer and e-commerce company in the world, launching on Single’s Day, the world’s largest shopping day of the year. Our partnership allows our users to earn free bitcoin on millions of products online every day. Arguably the most important piece of this partnership is that it supports our mission of connecting the entire world through commerce.”
2.Bithumb Global Launches Native Token for Exchange Ecosystem
Cryptocurrency Exchange Bithumb Global, the worldwide arm of the South Korea has announced Bithumb coin (BT) ,the native token for the recently announced blockchain platform Bithumb Chain. The announcement is published via official medium post on Nov 12 ,2019.
“Bithumb Chain is the decentralized open-source protocol that powers the products, services, and infrastructure within the Bithumb Family ecosystem which helps capture value from both upstream and downstream of the trading business,” the exchange explained.
As per details,” The Bithumb will mint the token with a hard cap of 300 million.” 50% of the platform revenue will also be used for BT buyback until 150 million token remain.The token can be used for handling fees and user rights on Bithumb Chain, along with the payment of fees on Bithumb Global.
“BT holders can vote and take part in the governance of Bithumb Chain which includes project listing nomination,” the exchange added. “As a result, Bithumb Chain eco-members not just take part in the formulation and direction of network development, but also the investment decisions of Bithumb Chain.”
