WhiteRock Launches Revolutionary Network, Raising $10M on Day One
WhiteRock Launches Revolutionary Network, Raising $10M on Day One
WhiteRock, a premier on-chain brokerage dedicated to security tokenization, achieved a remarkable milestone, raising over $10 million on the inaugural day of the Fair Token Launch for its innovative White Network token. This token functions as the native gas for its groundbreaking Layer 1 blockchain, designed specifically for the compliant tokenization of real-world assets (RWAs).
A Purpose-Built Layer 1 Blockchain for Tokenization
As the largest endeavor on the XRP Ledger, WhiteRock's latest venture empowers institutions to tokenize real-world assets, boosting security with an impressive throughput of 200,000 transactions per second while ensuring instant finality. Built on a foundation of compliance, the White Network integrates critical regulatory measures like Know Your Business (KYB), Know Your Customer (KYC), and Anti-Money Laundering (AML) protocols seamlessly into its framework.
The Fair Launch Structure: Token Flow Explained
The White Network token plays a pivotal role in the ecosystem, facilitating transactions, governance, and diverse platform services. Participants can engage in the token acquisition process by contributing Ethereum or WHITE. Importantly, any contributed Ethereum converts into WHITE tokens. The WHITE tokens contributed, whether directly or through Ethereum, will permanently leave circulation, ensuring that each contribution correlates to the distribution of White Network tokens.
Gas, Governance, and Application-Level Separation
Every operation on the White Network, from real-world asset settlements to on-chain compliance checks, will utilize the White Network token as gas, positioning it as the economic spine of the protocol. While gas settlement forms its primary function, additional versatility is being explored, such as validator staking and platform governance participation. By maintaining this structure, White Network ensures enhanced infrastructure security, allowing WHITE tokens to play an active role at the application level without disrupting the underlying network economics.
Core Features That Set the Network Apart
- High Throughput: A remarkable 200,000 transactions per second with instant finality.
- Built-In Compliance: Protocol-level enforcement of KYB, KYC, and AML regulations.
- Privacy Infrastructure: Utilizing WhiteLens zero-knowledge shielding while adhering to regulatory requirements.
- TradFi Integration: Providing permissioned liquidity pools that are interlinked with traditional financial markets.
Institutional Demand Fueling Growth and Adoption
“Unlike platforms offering solely technological solutions, White Network comes pre-equipped with billions in committed institutional assets,” expressed Maxime Pizzolitto, Co-founder of WhiteRock. “This launch answers the long-standing demand for a compliant bridge between traditional finance and decentralized finance (DeFi).”
The Fair Token Launch is currently active, inviting participants to acquire the White Network token using either Ethereum or WHITE.
About WhiteRock
WhiteRock proficiently bridges the gap between traditional finance and blockchain capabilities, enabling secure and compliant tokenization of valuable real-world assets, such as stocks, bonds, and commodities. White Network intricately supports financial innovations while adhering to regulatory frameworks.
Frequently Asked Questions
What is the purpose of the White Network token?
The White Network token serves as the native gas for transactions, governance, and services within the White Network's ecosystem.
How does WhiteRock ensure compliance?
WhiteRock integrates regulatory practices such as KYB, KYC, and AML to maintain compliance across the White Network.
What advantages does the White Network offer institutions?
White Network provides high security, rapid transaction speeds, and protocol-level compliance, making it an ideal choice for institutions looking to tokenize real-world assets.
Can participants use Ethereum to acquire tokens?
Yes, participants can contribute Ethereum to acquire White Network tokens, which will be converted into WHITE tokens for distribution.
How does WhiteRock differentiate itself in the market?
WhiteRock’s unique approach combines advanced blockchain technology with substantial institutional backing, aiming to revolutionize asset management.
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