Win 1000 Dollars today with this Ledgity contest

Your crypto investments haven’t yielded much in recent weeks ? How about pocketing $1000 for free by entering a contest right now ? Well, that’s what the Ledgity protocol is offering in collaboration with Cointribune. Let’s talk about it in this article.

Ledgity launches a $1000 contest to promote its Cashback

For the past few weeks, Ledgity has been multiplying initiatives aimed at promoting on-chain finance. After a series of recent collaborations, the protocol provided an unexpected innovation on September 19th. It’s a Cashback feature that’s already delighting its users.

Indeed, with Ledgity’s Cashback, users of the platform ledgity.com now have the opportunity to recover 10 % of their purchase amount. They can recover up to €100 per month. Payment is made in the form of LDY tokens. And that’s not all.

To promote its Cashback, Ledgity pulled out all the stops. In partnership with Cointribune, Ledgity launched a contest allowing participants to win $1000, including $500 in BTC. To enter the contest, three conditions are required. 1-Tag three friends and retweet. 2- complete KYC on the Ledgity app. 3- complete the Read to Earn quest. You might want to try your luck. That being said, this cashback and contest are not the only recent innovations from Ledgity.

LUSDC: Ledgity offers the first ERC-20 token backed by U.S. Treasury bonds

After many bold steps, Ledgity has made a giant leap by launching a project to tokenize U.S. Treasury bonds with the LUSDC token. It’s a joint initiative by Ledgity and Delubac AM bank carried out as part of the Spark Tokenization Grand Prix.

The LUSDC is an ERC-20 token backed by a portfolio of short-term U.S. Treasury bonds. Investors interested in the project subscribe by depositing USDC on Ledgity. They receive LUSDC at a 1:1 ratio. Ledgity converts the deposited USDC to dollars, thanks to Circle.

The protocol keeps the funds in a separate deposit account created at Delubac & Cie bank, thus protecting them from bankruptcy risks.

Delubac & Cie, the custodian bank, invests these funds in U.S. Treasury bonds managed by Delubac Asset Management, an asset management company it owns.

Investors can track and manage their investments and returns on the Ledgity.finance interface. They can also withdraw up to 5 % of their funds instantly or more in 2 or 3 days. The yield generated is distributed in the form of new tokens, which thus increases the investor’s portfolio. In short, native crypto investors will soon be able to access institutional TradeFi asset managers. A great advancement for the crypto industry.