Technology

Palapa Tap Tap Hero Game, Indonesia’s First Telegram-Based GameFi

Published

2 weeks ago

November 8, 2024

JAKARTA, Indonesia, Nov. 8, 2024 /PRNewswire/ — Bittime, a regulated Indonesia crypto exchange, has experienced a significant 10x growth in two consecutive years. In collaboration with Palapa, its platform token, Bittime has launched Palapa Tap Tap Hero, Indonesia’s first Telegram-based Game Finance (GameFi) project. Palapa is currently conducting its final airdrop, with a snapshot scheduled for November 11, 2024, and the listing planned for November 13th, 2024.

Since the approval of the Bitcoin ETF Spot in January 2024, the global crypto industry has shown significant growth in crypto market adoption, including Indonesia. Evidently, Indonesia’s position has skyrocketed and become the No.3 country for global crypto adoption, based on Chainalysis.

This large potential growth of the blockchain and crypto industry in Indonesia, then became the basis for Bittime to emphasize the prevailing momentum. Furthermore, according to CoinGecko, one of the world’s largest independent crypto data aggregation platforms, Bittime is the top Indonesia crypto exchange.

As for Bittime platform token, Palapa has been officially registered by the Commodity Futures Trading Supervisory Agency of Indonesia (Bappebti) and has been listed as one of the 545 crypto assets under Bappebti supervision that can be traded.

Remaining success on its first airdrop celebration, Bittime and Palapa Token released a Telegram-based GameFi, Palapa TapTap Hero. This game is considered to be able to provide an interactive experience that is not only entertaining, but also introduces blockchain technology and crypto adoption to the wider community.

Ryan Lymn, CEO of Bittime, sees the enthusiasm of crypto assets adoption should be appreciated, especially for the young investors. He highlights that Palapa TapTap Hero Game, will enhance the user experiences and literacy about the blockchain ecosystem.

“We believe that by launching this Telegram-based game, Bittime and Palapa will be able to reach more people, while also providing fun introduction about the blockchain technology that underpins the crypto themselves,” explained Ryan.

Through the launch of the Palapa TapTap Hero game, Ryan stated that Bittime wants to encourage significant growth in the adoption of crypto and Web3 in Indonesia. Moreover, he believes that with this game, it will be easier for the young investor to get to know the blockchain industry and crypto.

Bittime and Palapa optimists that Palapa TapTap Hero Game will have a significant impact on the global adoption of blockchain, particularly in Indonesia. This game is not only a new innovation from the Indonesian Web3 industry, but it also marks Palapa ($PLPA) Token Generation Event (TGE), which is projected on 13th November, 2024.

Jimmy Siswanto, CEO of Palapa, stated that they were very excited with the launch of Palapa TapTap Hero. He believes this is a good opportunity for the Indonesian Web3 community and the wider community to be able to maximize blockchain innovation.

“We are very happy and proud to be the first Indonesian project to launch GameFi based on the Telegram application. Previously, Indonesia has only been the target market and users of global projects, and now is the time for us to take stage on a worldwide scale,” he stated.

This Telegram-based game with tap-to-earn concept, is expected to be a further step to creating an inclusive ecosystem in Indonesian Web3 industry. As shown by the enthusiasm of the community support given to Bittime and Palapa, where in just two weeks from its launch, Palapa TapTap Hero Game has significantly reached more than 100,000 users.

About Bittime

Bittime, under PT Utama Aset Digital Indonesia, is a crypto exchange platform based in Indonesia that is registered with the Commodity Futures Trading Supervisory Agency of Indonesia (Bappebti) and the Ministry of Communication & Information of Indonesia (Kominfo). Bittime is also a member of the Indonesian Blockchain Association (ABI) and the Indonesian Crypto Asset Trading Association (ASPAKRINDO).

As a crypto trading platform, Bittime leverages blockchain technology to provide fair access to financial independence for everyone, regardless of location or background.

Bittime application can be downloaded on Google Play and the App Store.

About Palapa

Palapa, PT Global Karya Wisesa is a technology-based company at the forefront of blockchain and crypto asset innovation, based in Indonesia. Palapa has a vision to encourage widespread adoption and utilization of blockchain technology by creating an easy and user-focused ecosystem.

Palapa Token (PLPA) is built on the ERC-20, Ethereum blockchain. As is known, Ethereum provides a strong and secure platform for the release and management of tokens by ensuring transparency and interoperability within the broader blockchain ecosystem.

View original content:https://www.prnewswire.co.uk/news-releases/palapa-tap-tap-hero-game-indonesias-first-telegram-based-gamefi-302299667.html

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

3 hours ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

View original content:https://www.prnewswire.com/news-releases/max-stock-limited-announces-change-in-shares-held-by-an-interested-party-302314811.html

SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

7 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

7 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

Photo – https://mma.prnewswire.com/media/2566076/Wahed_MENA_Khalid_Al_Jassim.jpg

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