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Cryptocurrency News Articles

Valereum Plc Announces Strategic Enhancements to Its GATE Token Strategy, Aiming to Integrate the Token Into Its Digital Financial Markets Infrastructure (DFMI) and Marketplaces for Real World Assets (RWA) and Public Securities

Dec 24, 2024 at 07:07 pm

LONDON - Valereum Plc, a publicly traded company, has announced a series of strategic enhancements to its GATE token strategy, aiming to integrate the token into its Digital Financial Markets Infrastructure (DFMI) and marketplaces for Real World Assets (RWA) and Public Securities.

Valereum Plc Announces Strategic Enhancements to Its GATE Token Strategy, Aiming to Integrate the Token Into Its Digital Financial Markets Infrastructure (DFMI) and Marketplaces for Real World Assets (RWA) and Public Securities

Publicly traded company Valereum Plc announced a series of strategic enhancements to its GATE token strategy on Monday. The company aims to integrate the token into its Digital Financial Markets Infrastructure (DFMI) and marketplaces for Real World Assets (RWA) and Public Securities.

The firm's objective is to establish the GATE token as a core component of the Valereum digital assets ecosystem. Several development projects are being undertaken to expand GATE’s utility, including listings on centralized exchanges (CEX), market maker onboarding, and targeted marketing campaigns.

Valereum is also focusing on increasing the token’s liquidity and creating incentives for holding and staking GATE within its ecosystem. In anticipation of the VLRM Markets RWA ecosystem launch, Valereum is planning to adopt GATE utilities, which may include rewards for ecosystem contributors, as well as utilities for partners, ambassadors, and issuers.

A GATE dashboard and potential GATE versus RWA token pairings are under consideration, subject to legal and compliance reviews. Valereum has collaborated with Quantum (NASDAQ:QMCO) Leap Solutions (QLS), a Web3 consulting firm, to enhance the GATE token’s utility and drive the future of asset ownership and management.

The company believes these strategic moves will provide significant benefits to stakeholders and position Valereum as a leader in the tokenization and digital asset space. A high-level timeline for the phased delivery of the GATE project has been established, with the Board of Directors approving a substantial budget for its execution in 2025.

The first phase includes an assessment by a tokenomics expert and the introduction of a community voting mechanism for participatory decision-making, expected to take place in the first quarter of 2025.

Valereum’s Investor Relations Director and Board Member, Pete Sekhon, will lead the GATE project, signaling a commitment to enhancing the token’s utility and ensuring its success. The company will provide updates on the project’s progress.

This strategic enhancement plan for GATE is based on a press release statement by Valereum Plc.

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