Latest news with #CROSS
Associated Press
28-05-2025
- Business
- Associated Press
CROSS Sets New Benchmark with Transparent and Fair Token Launch
CROSS Public Sale Concludes - A Bold Experiment in Tokenomics Democracy. Opengame Foundation Completes Public Sale of CROSS Token, Burns Unsold Supply to Ensure Transparency and Value Stability ZUG, CH / ACCESS Newswire / May 28, 2025 / Opengame Foundation (OGF), the non-profit organization behind the open blockchain gaming platform CROSS, has officially concluded its public token sale for the CROSS utility token. The public sale, which ran for one week starting May 15, drew attention across the Web3 industry for its unique commitment to fairness and transparency. Tokens were offered at a fixed price of $0.10, the same as in the private sale, ensuring that all participants-whether early backers or new supporters-had access under identical conditions. In total, 96 million CROSS tokens, representing 9.6% of the platform's total supply of 1 billion, were made available during the public sale on a first-come, first-served basis. Approximately 92% of the allocation was sold by the end of the sale period. The remaining unsold tokens will be permanently burned-a move designed to reinforce both the integrity of the token's value and the foundation's long-term commitment to transparency. Henry Chang, CEO of NEXUS and key contributor to the CROSS ecosystem, described the initiative as 'an unprecedented experiment.' In a post on X (formerly Twitter), he wrote: 'Another dot, placed. We've now completed an unprecedented experiment-offering the same price to private and public investors, including the founder and team ourselves. I appreciate the support and investment from all who believed in us. Time will reveal how this unfolds. As we head toward the next milestone, TGE, we'll keep doing what we've always done: Build-so that one day, we can connect the dots backward.' The Opengame Foundation plans to distribute CROSS tokens to public sale participants in accordance with the TGE timeline. Together with NEXUS, it will accelerate the growth of the CROSS ecosystem, bringing more developers and players into the open blockchain gaming space. About Opengame Foundation Opengame Foundation (OGF) is a non-profit organization committed to building an open and inclusive blockchain gaming ecosystem. As the steward of the CROSS Protocol, OGF aims to empower both developers and players by providing transparent infrastructure, fair tokenomics, and interoperable tools that support the next generation of Web3 games. With a focus on long-term sustainability, openness, and community participation, the foundation works to democratize access to digital assets and reshape how value is created and shared in the gaming world. Media Contact Organization: Opengame Foundation Contact Person Name: Doyi Kim Website: Email: [email protected] Country: Switzerland SOURCE: Opengame Foundation press release
Associated Press
27-02-2025
- Business
- Associated Press
KBRA Assigns Preliminary Ratings to CROSS 2025-H2 Mortgage Trust
KBRA assigns preliminary ratings to ten classes of mortgage pass-through certificates from CROSS 2025-H2 Mortgage Trust, an RMBS transaction issued under the Hildene-CCC Loan Acquisition, LLC (CROSS) shelf, where Hildene Capital Management (Hildene) in affiliation with CrossCountry Mortgage (CrossCountry or CCM) and CrossCountry Capital (CCC) sponsored the transaction. The $426.8 million transaction is collateralized by a pool of 860 residential mortgages originated by CCM, including a meaningful concentration of collateral that KBRA considers to be 'non-prime', with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 85.7% and 14.3% of the pool, respectively. KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodology. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1008134 +1 646-731-1210 [email protected] Traore, Associate +1 646-731-1258 [email protected] Gervais, Managing Director (Rating Committee Chair) +1 646-731-2426 [email protected] Development ContactDaniel Stallone, Managing Director +1 646-731-1308 [email protected] SOURCE: Kroll Bond Rating Agency, LLC Copyright Business Wire 2025. PUB: 02/26/2025 09:30 PM/DISC: 02/26/2025 09:29 PM
South China Morning Post
27-01-2025
- Health
- South China Morning Post
1 in 3 Hongkongers do not know ‘space oil' health risks, drug survey finds
Almost one-third of Hongkongers do not know the health risks of taking the emerging substance 'space oil', a survey by a drug counselling centre has found. The narcotic, typically packaged in e-cigarette capsules and containing the anaesthetic etomidate, has been gaining popularity among young people, sparking widespread concern. The substance will be classified as a dangerous drug on February 14, with the maximum penalty for possession increased to seven years' jail and a HK$1 million (US$128,205) fine. Trafficking may result in life imprisonment and a HK$5 million fine upon conviction. At present, the substance is classified as a poison, and possession carries a maximum penalty of a HK$100,000 fine and two years' prison. The CROSS centre, which provides anti-drug services and is under the Tung Wah Group of Hospitals, on Monday revealed the findings of a survey it conducted between September and December last year involving more than 1,600 residents via online questionnaires and its school network. Christopher Sin Chun-kit, a clinical psychologist at the centre, said almost 30 per cent of respondents had no idea about the health effects of space oil.
