The People’s Bank of China (PBOC) has expanded the trials of their CBDC to the Hainan Province from April 12 to April 25
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It is reported that from April 12 to April 25, the People’s Bank of China (PBOC) will expand the CBDC trial to Hainan province. This was the first event in an attempt to normalize cryptocurrencies across China. Now the People’s Bank of China has also conducted the test in other provinces.

Hainan Province announces its first-ever CBDC event in an attempt to normalize the digital currency across China

The Digital Currency Electronic Payment (DC/EP) is a fiat currency designed to replace a system of reserve money. Currently in the testing process, but CBDC is still gradually being adopted in China.

Members of the Sanya municipal government, including their employees, businesses, and permanent residents, will be the main participants of this trial. The trial will raise awareness for the digital yuan, foster secure transactions with wide accessibility. Additionally, participants in this trial will receive a 15% discount for every 100 yuan spent on the island.

While CBDC trials continued across China, cities like Chengdu and Beijing have shown promising success. The second batch of trials was announced in Shanghai, Trường Sa, Qingdao, Xi’an, and Dalian.

Currently, the digital yuan is in beta in China. It is being piloted as a retail CBDC. In the future, though, the central bank aims to be able to interact with other countries. The PBOC and the Hong Kong Monetary Authority are currently testing the digital yuan for cross-border use.

Besides, PBOC has included the affiliated banks of digital payments giants, AliPay and WePay, in their trials to increase adoption. Due to this partnership, users with WeBank and MyBank accounts can now access their money using PBOC apps running CBDC. AliPay and WePay together dominate more than 93% of the digital payments market in China.

There are currently 573.6 million users for digital payment platforms in China. This number is expected to increase to 618 million by 2025 showing huge potential for a shopping mall in this market.

GAMEE Token (GMEE) to Launch on Uniswap on 8 April 2021; Public Presale Sold Out in 7 Minutes; Concluded 2.2M USD Private Presale

7 April 2021 – Hong Kong –Animoca Brands and its subsidiary GAMEE announced that the GAMEE Token (GMEE) will launch on Uniswap on 8 April 2021 at 9 a.m. (UTC) at an opening price of 0.0888 USD, paired with ether (ETH), USD Coin (USDC), REVV, TOWER, and Lympo (LYM).

GAMEE held a public presale of GMEE on 2 April 2021 that sold out within 7 minutes. GAMEE has also concluded a 2.2 Million USD private presale of the GAMEE Tokens, with key investors including Metakovan from Metapurse (who recently bought Beeple’s “The First 5000 Days” at auction for 69.3 Million USD), OKEx’s Block Dream Fund, Mind Fund, Genesis Block, Smile Tech, Summit 33, Longling Capital, AKG Ventures, Everest Ventures, and other prominent angel investors.

Uniswap

GMEE is an ERC-20 fungible utility token designed to recognize and reward the efforts of players and to drive engagement on GAMEE’s social casual gaming platform. GMEE tokens have a variety of utility: they will serve as player rewards earned within GAMEE games, they will be used to pay for entry fees in special events, and they will have governance functions, including allowing token holders to vote on GAMEE roadmaps, game deployment, and the distribution of prize and rewards pools.

The supply of GMEE is fixed at 3,180,000,000 with all tokens minted at one time (contract address). More information on GMEE is available in the lightpaper.

Official launch on Uniswap on 8 April 2021

GMEE will be paired with ETH, USDC, REVV, TOWER, and LYM on Uniswap starting on 8 April 2021 at 9 a.m. (UTC). The opening price at launch is set to 0.0888 USD per GMEE. These GAMEE Tokens will be supplied by the GMEE Liquidity Pool (tokenomics and release schedule can be seen at this Medium post).

Successful GAMEE Tokens presale

On 2 April 2021, GAMEE held its first public presale of GMEE, hosted on the web site of its sister project REVV at https://revvmotorsport.com. 800 vouchers were available for this sale representing a total 5,000,000 GMEE. All vouchers were sold out within 7 minutes.

Vouchers will be redeemable for GMEE starting on 8 July 2021, three months after the token launch. The vouchers themselves are not locked and owners can now trade them without restriction on any secondary markets such as OpenSea. More information about the first public presale of the GAMEE Token can be found at the official Medium post.

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About GAMEE

GAMEE, a subsidiary of Animoca Brands, is a high-engagement hyper-casual gaming platform where users complete game missions, compete in tournaments and earn prizes for their activity. GAMEE was founded in 2015 in the Czech Republic and now has 25 million registered users. Start playing at https://www.gamee.com.

About Animoca Brands

Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Formula 1®, Marvel, WWE, Power Rangers, MotoGP™, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties and NBA Top Shot), WAX, Harmony, and Decentraland. Subsidiaries include The Sandbox, Quidd, Gamee, nWay, and Lympo. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.

Tech has dominated the economy – but the real world is about to strike back

Even money itself has gone digital. Only about 3% of money globally is now in physical form. Bitcoin is now (measured by market cap, at least), the 13th largest currency in the world. It didn’t exist 15 years ago.

The key to this rapid growth is scalability. A digital product can be endlessly and instantly copied. I can design a fantastic app once, upload it to the app store once, and it can be downloaded a million or a billion times. If Google can get some new groovy feature in its search engine, then once implemented it’s almost infinitely scalable.

But let’s say I design a fantastic washing machine. It takes much longer to get this washing machine to the world – the fabrication and distribution are all tricky, but perhaps most difficult is the burden of regulation in the physical economy, particularly as it attempts to cross the national borders.

By contrast, the economy of the internet is (almost) borderless. The digital space, or certainly the areas where the innovation is, is largely unregulated – how do you regulate something that hasn’t been invented? So digital escapes the ties of regulation that curb the growth of the tangible.

Then, because of the extraordinary speed of growth in digital, there is the potential for investors to make far quicker returns on their investment. And so the digital economy attracts the most capital, the most talent and so on.

With this in mind, let us turn our attention to metals.

The physical world is treacherous and time-consuming

You don’t get much more tangible than metal. Mining is in many ways the most analogue industry there is; it is the very opposite of the dynamic digital world. A geologist is studying rock formations that took thousands of years to take shape, and will take decades to mine.

Three stocks to buy to forge a path to our green future

The world is undergoing rapid change amid the degradation of the natural environment and the looming breakdown of the global climate system. There is therefore a worldwide pan-industrial effort to use resources with much greater efficiency. To exploit this secular theme, we identify companies that either deliver or benefit from the efficient use of resources. We have strict criteria covering both quality and value.

We like to own firms with enduring assets that generate predictable long-term cash flows. They must benefit from high barriers to entry (so it is difficult for potential rivals to gain a foothold in the market) and trade at a reasonable valuation. This approach has served us well: the Menhaden investment trust’s net asset value (NAV) has risen by an annual 11% in the past five years.

Helping technology go green

Google’s parent company Alphabet, (Nasdaq: GOOGL) is helping the entire technology industry transition to a more sustainable footing. The company is one of the largest corporate buyers of renewable-power worldwide and aims to run only on carbon-free energy by 2030. The firm occupies a dominant position in search engines and has the ability to monetise an unparalleled level of user interaction, which should underpin revenue growth for many years. Furthermore, there should be significant potential to expand margins as YouTube, Cloud and other business lines mature and investments in start-ups mature.

Sophisticated internet infrastructure

Telecoms and media group Charter Communications (Nasdaq: CHTR), a key broadband provider to over 20 million households, is set to play an important role in enabling significant improvements in resource and energy-efficiency with the development of the internet of things (IoT). Its hybrid fibre-coax network (comprising a mix of fibre-optic cables and coaxial cables, the type used to deliver cable television), is critical for infrastructure. Traditional telecom providers still partly rely on copper telephone wires, while high upfront costs serve to limit fibre build-outs by incumbents and new entrants.

Charter offers a superior bundled connectivity product (including mobile) at a lower price than competitors. We believe it can continue to deliver robust growth in free cash flow per share based upon a combination of revenue growth, falling capital intensity, share buybacks and lower customer turnover.

On track for industry-leading profits

Canadian Pacific Railway (Toronto: CP) owns infrastructure that can’t be replicated. Prohibitive start-up costs and building regulations ensure that no one is building railways today. Economies of scale mean that transporting freight by rail is up to four times more fuel-efficient than by road, which helps provide rail operators with a significant cost advantage over their main competitor, trucks, on longer-haul routes.

We believe these scale benefits will persist even as we shift to electric and autonomous vehicles because rail should be able to harness the same technologies. The proposed merger with Kansas City Southern will create a unique footprint linking Canada, the US and Mexico. The ensuing opportunities should help the company deliver industry-leading earnings growth in the years ahead.

What I learned from 15 years of investing in small companies

Games Workshop has risen 20-fold in five years but had been a recovery stock three times previously. The lure of recovery is the prospect of multiplying your money in a share everyone else hates but it’s not an area to bet the farm on.

I was charmed into Bluebird Toys by its CEO, Torquil Norman (father-in-law of venture capitalist Kate Bingham) who had been a popular client in my short spell in corporate finance. The success of “Polly Pocket” caused the shares, previously on the rocks, to multiply. The version aimed at boys, “Mighty Max”, was named after me after a humorous exchange at the Earl’s Court toy fair. I cashed in soon after.

My most spectacular success was the most reckless. I bought two million shares in Cannon Street Investments at 2p, down more than 99% from their peak in late 1992 on the sole basis that Tom Long, whom I knew of as the former CEO of Souza Cruz (a subsidiary of British American Tobacco) had become chairman. The shares multiplied tenfold in a year or two as a messy, over-borrowed conglomerate was streamlined through disposals. I then sold.

Regrets: I’ve had a few

My biggest regrets are not the duds I bought but the great companies I missed. Channel Express floated in the mid-1980s as an air-freight business. Its boss, Philip Meeson, had been a Red Arrows pilot and then began importing 2CV cars from France and selling them from a lot on the King’s Road, London. The site was converted into a BMW dealership and later sold. Though Meeson was clearly a serial-entrepreneur, I didn’t see a long-term investment thesis. The company is now called Jet2 and the shares have multiplied more than 100-fold.

Another regret was Asos. In early 2004, we identified this online retailer, whose idea was to replicate cheaply and quickly clothes worn by celebrities, hence the name “As Seen on Screen”. We recommended the shares to our clients in the monthly newsletter at 25p… and suggested taking profits after they had doubled in six months. The shares then multiplied 100-fold in ten years but have had a yo-yo ride since. I hope some clients didn’t sell.

What are the lessons? The best long-term investments are not the get-rich-quickly companies but those offering long-term compound growth. Holding them requires nerve and patience as the shares are often volatile and can stagnate for long periods. It is tempting to give up and sell. If an investment is not suitable for the long-term, it’s best to be clear about that at the start as it makes selling easier.

Buying for recovery can also be hugely profitable but these are rarely “forever” investments. Finally, great investments are not found through diligent research and endless company presentations but through casual recommendations, chance encounters and inspiration, not perspiration. As John le Carré wrote: “A desk is a dangerous place from which to view the world.”