Tether and RAK DAO partner to promote Bitcoin and stablecoin education in Ras Al Khaimah

adminMay 15, 2024

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Tether Operations Limited, a leader in the digital asset industry, announced the signing of a Memorandum of Understanding (MOU) with RAK Digital Assets Oasis (RAK DAO). This MOU is the first step towards launching several strategic initiatives to promote 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 drive adoption of cryptocurrency 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 for digital and virtual asset companies. This is central to the region’s efforts to advance Web3 innovation and boost economic growth in the emirate. Recently, Tether launched Tether Edu, an education division that will drive initiatives for individuals of varying skill levels. These initiatives will cover advanced areas such as Bitcoin, blockchain, peer-to-peer technology, stablecoin adoption, and real-world use cases for cryptocurrencies.

To date, RAK DAO has attracted interest from more than 100 companies. As a result, Tether will work closely with RAK DAO on a comprehensive initiative designed to educate and empower local businesses to create new opportunities for growth and innovation.

Paolo Ardoino, CEO of Tether, expressed his enthusiasm for the partnership:

“Tether is proud to partner with RAK DAO to realize the promise of Bitcoin and blockchain technology in the region. As home to the world’s first and only free zone dedicated to the proliferation of digital assets, Ras Al Khaimah is well-positioned to become a leading hub for blockchain technology and innovation in the region. 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 this collaboration: “This partnership with Tether marks an important milestone in RAK DAO’s journey to become a leading hub for blockchain innovation. By leveraging the power of Bitcoin technology and cryptocurrencies, we aim to fuel economic growth, promote financial inclusion, and position RAK DAO as a global leader in the digital economy.”

About Tether Edu

Tether Edu is a global education initiative focused on providing access to digital skills development while promoting self-development and self-actualization. Tether Edu is Tether’s education division and coordinates the various global education programs supported by Tether. The platform aims to create an innovative educational environment that identifies and implements the latest trends and expertise in specific digital industries.

Signed MOU with Tether @RAK_DAO To develop educational initiatives #Bitcoin and stablecoins in Ras Al Khaimah region.
Read more: https://t.co/rEat5cbiTg pic.twitter.com/m8FJVMaHtP
— Tether (@Tether_to) May 14, 2024

SMOG: Revolutionizing Meme Coin Arena with a gamified airdrop strategy

A meme coin called SMOG has quickly established itself as one of the best Solana-based cryptocurrencies of the year, surging in value by over 1000% since its launch on the Jupiter DEX. Inspired by the dragon character “Smog” from the Hobbit series, this digital asset embodies the mystical theme within the Solana ecosystem and aims to revitalize the meme coin market with its unique appeal.

SMOG is not just a meme coin. It set itself apart by announcing what many are calling its most ambitious airdrop to date. The plan includes a gamified system where token holders participate in various activities to earn airdrop points on a regular schedule. The project’s strategy includes daily, weekly, and monthly tasks that contribute to this interactive airdrop experience.

The SMOG development team with extensive experience in the web3 space further strengthens the project’s credibility as the best cryptocurrency investment in 2024. The project’s dynamics are designed to mirror the initial market reaction seen with other Solana-based tokens such as BONK and Myro. , but it has additional features that enhance its appeal.

Originally, SMOG could only be obtained through SOL exchanges. However, recent developments have introduced the ETH bridge to include ETH and expanded purchasing options directly from the project website. With the addition of staking features, its functionality and attractiveness have also improved.

The project’s roadmap, infused with a memetic nature in nature, outlines plans for multiple airdrops that add a layer of gamification to the entire venture. SMOG aims to grow into the leading meme coin in the Solana ecosystem and ultimately become the king of SOL.

Recent updates have highlighted SMOG’s growing influence and success. As of early March 2024, SMOG has had the biggest gain with a market capitalization exceeding $20 million, according to CoinMarketCap data.

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