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EcoFi

ECO
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News

QuarkChain Investigates Disk IO Costs to Improve Blockchain Scalability

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QuarkChain's research focuses on understanding disk IO costs for KV lookups to enhance blockchain scalability.
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Aisha Farooq

Details of the NFT Fraud Scheme Revealed

Details of the NFT Fraud Scheme Revealed

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The NFT fraud scheme orchestrated by a South Korean cryptocurrency CEO deceived around 30 investors out of over 3 billion won (about 22 million USD) through false promises and celebrity endorsements.
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Tenzin Dorje

Regulatory Response to Cryptocurrency Misconduct Intensifies

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The sentencing of the South Korean cryptocurrency CEO marks a significant moment in the country's approach to NFT fraud and financial crimes in the digital asset space.
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Bayarjavkhlan Ganbaatar

South Korean Crypto CEO Sentenced to Seven Years for NFT Fraud

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A South Korean cryptocurrency CEO has been sentenced to seven years in prison for orchestrating a massive NFT fraud scheme that deceived investors out of approximately 22 million USD.
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Mohamed Farouk

What is EcoFi?

EcoFi is an open-source, permissionless, and censorship-resistant protocol built to power safe and responsible innovation in the Decentralized Finance (DeFi) space. The EcoFi protocol is designed to equitably disburse value among system participants through a unique infrastructure hinging on infinite scarcity, made possible due to the unique mechanics of EcoFi's distribution mechanism. This is achieved by staking ECO tokens through the EcoFi protocol to mint SPRT tokens. SPRT tokens can be used to purchase digital goods from an ecosystem connected to the EcoFI Platform comprising numerous marketplaces. The first such marketplace will be the HyperObject FINE ART NFT Gallery, a one-of-a-kind digital art gallery featuring FINE ART NFTs backed by distinct physical editions. Once the marketplace is sufficiently stable, EcoFi will transition to a DAO governance model.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.