Latest news with #KONET
Associated Press
3 days ago
- Business
- Associated Press
KONET Files Patent for Blockchain-Based Collateralized Stablecoin Operations and Management Technology
- Infrastructure designed for multi-blockchain environments including the KONET Mainnet - A strategic step toward entering the global Web3 payments market SINGAPORE, SG / ACCESS Newswire / July 21, 2025 / KONET, a global mainnet project, announced that it has filed a patent for an infrastructure technology that enables full-cycle management of collateralized stablecoins, covering issuance, distribution, settlement, burning, and value stabilization. The technology is designed as a universal framework applicable not only to the KONET Mainnet but also to Ethereum, independent blockchains, and both public and private blockchain environments. Multi-Chain Expansion Architecture Based on KONET The patent leverages KONET's EVM compatibility and cross-chain scalability. This enables high applicability across real-world sectors such as global financial institutions, payment networks, and online merchants. By enhancing its previously registered payment intermediation patent, KONET now offers a blueprint for expanding its infrastructure into global payment and remittance services. Real-Time Collateral Verification and Value Stabilization Mechanism The system issues stablecoins only when qualified individuals, enterprises, or institutions deposit fiat or crypto assets as collateral. The collateral ratio is automatically calculated and verified in real time, and the entire lifecycle from issuance to burning is transparently managed on-chain. When market prices deviate significantly from their pegged value, the system automatically adjusts liquidity to stabilize the stablecoin. A separate governance token structure enables additional token issuance or profit-based token burns in the event of collateral shortfalls. Compliance-Ready Design with Global Financial Network Integration The patent includes integrated features for AML/KYC verification, abnormal transaction detection, and automated restrictions, ensuring compliance with regulations in various jurisdictions. Notably, the infrastructure also incorporates SWIFT integration and cross-chain bridging capabilities, enabling direct connectivity between Ethereum and traditional financial networks. Strategic Significance of the KONET Mainnet KONET is a public EVM-compatible mainnet supporting a wide range of Web3 infrastructure use cases, including content investment, digital payments, and on-chain finance. - Over 8.4 million cumulative transactions - More than 1.29 million unique wallet addresses - Integrated with major global exchanges such as Bybit, and GOPAX - KONET LAB enables user-friendly Web3 token creation tools KONET serves not just as infrastructure but as the core main foundation for real-world Web3 applications. Strategic Technology Positioning in Light of Regulatory Developments On July 17, 2025, the U.S. Congress passed the Genius Act, the world's first legislation to officially integrate stablecoins into the traditional financial system. In response, KONET's newly filed patent has gained attention as a proactive solution that demonstrates both regulatory compliance and technical maturity. The KONET Mainnet-based collateralized stablecoin system is expected to serve as a strategic core asset for the future expansion of digital currencies backed by major global fiat currencies, as well as cross-border payment infrastructures. Visit KONET LAB: KONET Official Website: Buy KONET: Contact InformationWyatt Lee CMO +82 10 4694 6129 SOURCE: KONET press release
Associated Press
07-07-2025
- Business
- Associated Press
KONET Officially Launches 'KONET LAB', a Platform Where Anyone Can Create Web3 Tokens
- Evolving into a comprehensive Web3 infrastructure platform with Staking, Earn, and DEX features - KONET Mainnet already integrated with top-tier exchanges such as Bybit, and GOPAX SINGAPORE, SG / ACCESS Newswire / July 7, 2025 / KONET, a global blockchain mainnet project, has officially launched KONET LAB, an all-in-one platform that enables anyone to easily issue and utilize Web3 KONET Lab is Officialy Live KONET LAB provides an intuitive interface that allows individuals or businesses to create their own tokens in just a few clicks, without any blockchain development knowledge. Built on KONET's Ethereum Virtual Machine (EVM)-compatible mainnet, the platform offers a fast and low-cost environment to design community- or DApp-based token economies. Beyond simple token issuance, KONET LAB will gradually incorporate native Staking and Earn functionalities unique to the KONET mainnet. Users will be able to design various reward structures for their own tokens or build automated yield distribution systems for KONET holders. KONET LAB also plans to introduce a native decentralized exchange (DEX) in the near future, providing practical liquidity and trading infrastructure for issued tokens. The KONET mainnet is already integrated with major global exchanges such as Bybit, and GOPAX, opening opportunities for newly created tokens on LAB to utilize KONET's growing ecosystem and trading networks. Key Features and Future Plans of KONET LAB * Token creation without any technical or development skills * One-click deployment and management of smart contracts * Low transaction fees via the KONET mainnet * Built-in Staking and Earn mechanisms for token-based rewards (upcoming) * DEX functionality to support decentralized trading (upcoming) * Integrated with global top-tier exchanges such as Bybit, * Multi-chain expansion and DApp interoperability in development A KONET spokesperson commented, 'KONET LAB is more than just a token creation tool, it's a next-generation platform to design and operate a full Web3 economy. With KONET already integrated into top-tier global exchanges, we provide the ideal foundation for creators and communities to scale their projects within a robust and interconnected blockchain environment.' Visit KONET LAB: KONET Official Website: Buy KONET: Contact InformationWyatt Lee CMO +82 10 4694 6129 SOURCE: KONET press release
