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Tether Operations Limited, a leading company in the digital asset industry, has announced the signing of a Memorandum of Understanding (MoU) with RAK Digital Assets Oasis (RAK DAO). This MoU marks the initial step toward launching several strategic initiatives aimed at fostering the adoption of Bitcoin technology and stablecoins in Ras Al Khaimah (RAK), the northernmost emirate of the United Arab Emirates. The collaboration will see Tether and RAK DAO work together to facilitate the adoption of crypto payments in the region and develop blockchain-focused educational programs.
Partnership to Drive Crypto Adoption and Blockchain Education
RAK DAO is the world’s first and only common law Free Zone dedicated to digital and virtual asset companies. It is central to the region’s efforts to advance Web3 innovation and stimulate economic growth in the emirate. Recently, Tether launched its educational arm, Tether Edu, which will spearhead initiatives for individuals of varying skill levels. These initiatives will cover advanced fields such as Bitcoin, blockchain, peer-to-peer technologies, stablecoin adoption, and practical use cases of crypto.
To date, RAK DAO has attracted interest from over 100 businesses. Consequently, Tether will work closely with RAK DAO on comprehensive initiatives designed to educate and empower local businesses, creating new opportunities for growth and innovation.
Paolo Ardoino, CEO of Tether, expressed his enthusiasm about the partnership, stating,
“Tether is proud to collaborate with RAK DAO to realize the promise of Bitcoin and blockchain technology in the region. Ras Al Khaimah, as the home to the world’s first and only Free Zone dedicated to the proliferation of digital asset endeavors, is well-positioned to become the region’s leading hub of blockchain technology and innovation. Tether is committed to working with RAK DAO to make this vision a reality.”
Dr. Sameer Al Ansari, CEO of RAK DAO, also commented on the collaboration, saying, “This partnership with Tether marks a significant milestone in RAK DAO’s journey to becoming a leading hub for blockchain innovation. By leveraging the power of Bitcoin technology and cryptocurrencies, we aim to drive economic growth, foster financial inclusion, and position RAK DAO as a global leader in the digital economy.”
About Tether Edu
Tether Edu is a global educational initiative focused on making digital skills development accessible while promoting self-development and self-realization. As Tether’s educational division, Tether Edu coordinates the various global education programs supported by Tether. This platform aims to create an innovative educational environment that identifies and implements the latest trends and expertise in specific digital industries.
Tether Signs MOU With @RAK_DAO To Develop Educational Initiatives on #Bitcoin and Stablecoins in the Ras Al Khaimah Region
Read more: https://t.co/rEat5cbiTg pic.twitter.com/m8FJVMaHtP— Tether (@Tether_to) May 14, 2024
SMOG: Revolutionizing the Meme Coin Arena with Its Gamified Airdrop Strategy
The meme coin named SMOG has quickly established itself as one of the premier Solana-based cryptocurrencies of the year, experiencing a surge of over 1000% in value following its launch on Jupiter DEX. This digital asset, drawing inspiration from the dragon character “Smog” in the Hobbit series, embodies a mystical theme within the Solana ecosystem, aiming to rejuvenate the meme coin market with its unique allure.
SMOG is not just another meme coin; it has set itself apart by announcing what many are calling the most ambitious airdrop ever. This initiative includes a gamified system where token holders engage in various activities to earn airdrop points on a regular, scheduled basis. The project’s strategy incorporates daily, weekly, and monthly tasks that contribute to this interactive airdrop experience.
The development team behind SMOG, equipped with extensive experience in the web3 space, further reinforces the project’s credibility as a top cryptocurrency investment for 2024. The project’s dynamics are designed to mirror the initial market responses seen with other Solana-based tokens like BONK and Myro, but with added features that enhance its appeal.
Originally, SMOG could only be acquired by exchanging SOL. However, recent developments have introduced an ETH bridge, expanding purchasing options to include ETH, and directly from the project’s website. The addition of staking capabilities has also enhanced its functionality and appeal.
The project’s roadmap, infused with its inherently memetic nature, outlines plans for multiple airdrops that add a layer of gamification to the entire venture. SMOG aims to ascend as the leading meme coin in the Solana ecosystem, eventually becoming the reigning SOL king.
Recent updates have highlighted SMOG’s growing influence and success. As of early March 2024, CoinMarketCap data indicated that SMOG was among the biggest gainers, boasting a market capitalization exceeding $20 million.
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