- Migration from Polygon to Cardano Allows Atómico3 to Make the most of Superior Tokenization Expertise, Backed by Lithium Reserves.
- Strategic Collaboration with ZenGate International Bolsters Atómico3’s Place, Providing Revolutionary Funding Mechanisms for Asset Mining.
- Atómico3 Guarantees Vital Funding Worth Enhance By way of Token Sale on Cardano, Aligning with Compliance Requirements.
Cardano has introduced a strategic partnership with Paraguayan startup Atómico3, which makes a speciality of lithium mining tokenization. Atómico3 plans to transition its present contract from Polygon to the Cardano blockchain. This transfer goals to tokenize lithium mining belongings to facilitate the transition to wash vitality sources.
Beforehand, the Latin American Chamber of Lithium (Calbamerica) and the Paraguayan authorities signed an settlement to boost transparency in lithium mining transactions. The settlement seeks to stop underreporting by main corporations throughout mineral extraction and to foster the event of the lithium trade and its vitality purposes.
“This good contract has been designed to tokenize mining belongings successfully, guaranteeing that the issuance of the token is backed by these belongings whereas working on a extremely safe and clear community that safeguards the pursuits of the trade. In the subsequent two months, we are going to share extra particulars about this transition, which is able to considerably enhance funding valuation,” defined Pablo Rutigliano, founding father of Atomic3.
By migrating from Polygon to Cardano, Atómico3 will make the most of superior capabilities to introduce a financing mechanism for mining belongings by way of algorithmic token expertise, backed by lithium reserves. Holders of Atómico3 tokens will preserve their stake within the new good contract primarily based on Cardano.
“We urge present holders to proceed to carry onto the token throughout this course of as a token alternate for the brand new Atomico3 token is on the horizon. The long run is brilliant for Atomico3 at Cardano and dealing with trade leaders like ZenGate International will solely proceed to create worth for token holders. Collectively, let’s embrace this transformative journey in direction of a sustainable and extremely beneficial future,” delved Pablo Rutigliano.
Pablo Rutigliano, founding father of Atómico3 and Calbamerica, defined that this good contract is designed to tokenize mining belongings successfully.
Think about a Lithium trade in LATAM the place transparency and sustainability are assured!
Cardano can change the mining trade perpetually within the Lithium triangle the place 50% of worldwide reserves are held.
Collectively, we are able to form the long run for a greater tomorrow. pic.twitter.com/fztQ1vLja2
— zenGate International (@ZengateGlobal) November 27, 2024
It ensures that the issuance of tokens is backed by these belongings whereas working on a extremely safe and clear community. Over the subsequent two months, additional particulars about this transition shall be shared, aiming to considerably improve funding valuation.
Holders may also acquire fractional possession in Atómico3’s operations. Rutigliano highlighted that this collaboration with Cardano would make their operations sustainable within the electromobility and lithium reserve sectors. Future tokens will initially be offered on the Cardano community, adhering to worldwide compliance requirements.
Persevering with with reports from Paraguay on CNF, Calbamerica, additionally a companion of Cardano, has praised the blockchain for its dedication to sustainable improvement within the Latin American lithium trade. Rutigliano’s 20 years of capital market expertise have considerably propelled Atómico3 and its lithium-backed token.
@ZengateGlobal @Cardano_CF @IOHK_Charles @Atomico3oficial
🩵🩵🩵 We’re thrilled to announce a pivotal step ahead for the Atomico3 ecosystem. In collaboration with our expertise companion, ZenGate International, we’ve got determined emigrate the present Atomico3 contract from the Polygon… pic.twitter.com/jIYDdS5dV6— PABLO RUTIGLIANO (@PabloRutiglian4) November 22, 2024
The announcement follows a notable rally for Cardano, which noticed its worth return to the $1 mark after remaining beneath it for over two years. Market specialists had been predicting a bullish pattern for ADA, anticipating it might ultimately surpass the $1 threshold.
“In collaboration with our expertise companion, ZenGate International, we’ve got determined emigrate the present Atomico3 contract from the Polygon community to the Cardano community. ZenGate International is on the forefront of innovation in Cardano, and this transfer permits us to leverage their superior capabilities to introduce a funding mechanism for asset mining utilizing algorithmic token expertise, backed by lithium reserves,” Atomico3 famous on its web site.
This strategic transfer by Atómico3 to make the most of Cardano’s blockchain displays a rising pattern of leveraging superior blockchain expertise for environmental and sustainable improvement in vital industries like lithium mining.
The present value of Cardano (ADA) is $0.989, reflecting a lower of 1.79%. Cardano has not too long ago seen elevated buying and selling exercise, with a 24-hour quantity of $3.49 billion and a market cap of $34.82 billion. Key help lies at $1.10, whereas resistance is noticed round $1.33, signaling potential volatility forward. Regardless of the short-term value drop, ADA has proven vital development over the previous month, with a 99.60% enhance.
