The cryptocurrency industry doesn’t follow tradition, it salutes innovation. This was one of the top reasons for the massive growth of the cryptocurrency industry over the years. However, the recent hacking on Solana and the crash of Terra Luna, both of which wiped millions from investors’ crypto wallets, has focused attention on the financial risks of investing in unregulated markets.
Unregulated markets are an invitation for fraudsters, scam artists and online thieves to take advantage of unsecured digital networks. Investors are always at risk of scams as they are unable to tell whether the exchange in which they are putting their hard earned money is a legitimate network or not. The emergence of Web 3.0 and the inadequacy of regulatory and government frameworks on applications of Web 3.0 has also stunned the multi-billion dollar legal tech industry. Therefore, governments around the world are eager to regulate cryptocurrencies.
According to Helios Group, its next-generation blockchain-based-platform, HeliosDAX, has addressed these problems and introduced a safer and more transparent crypto space for users. PNP Coin on HeliosDax addresses issues of data privacy, data management, content monetization, as well as governance in Web 3.0.
“PnPCoin listing on HeliosDAX will fill the boundaries of the trillion-dollar Web 3.0 industry without compromising on the benefits of blockchain technology. We are building a platform that will have a unique universal token that works with major governments to power the entire governance framework. We are investing in, building and integrating blockchain solutions across the Metaverse, NFT and Web 3.0 platforms. Our solutions are securing the blockchain ecosystem and simplifying the use of cryptocurrencies in a government-friendly manner.” The statement from Helios Group said.
Several governments have introduced bills to reduce illegal activities and scams, calling for unregulated crypto exchanges and crypto companies to address regulatory uncertainties, an initiative by the Helios Group to regulate all currencies on its HeliosDAX exchange. A welcome step.