Silvergate to Voluntary Liquidate
Silvergate Bank, which is known for its cryptocurrency-friendly policies, has decided to liquidate its assets and shut down operations voluntarily. The decision came after the bank faced criticism for delaying the filing of its annual report due to concerns from its independent auditors and accounting firm about its financial figures.
Senate Banking Committee Chairman Sherrod Brown expressed his worries about the risks associated with banks getting involved with crypto, stating that it spreads the risk across the financial system, putting taxpayers and consumers at risk. He emphasized the need for strong safeguards to be put in place to protect the financial system from the risks of cryptocurrencies.
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About Kommunitas
Kommunitas is a decentralized crowdfunding ecosystem for web3.0 projects. Some might refer to it as a “launchpad” or “IDO Platform” but Kommunitas is aiming to build not only a platform, but more of an ecosystem.
Kommunitas not only provides fundraising for any type web3.0 projects from various blockchains (Ethereum, BSC, Polygon, Solana, Avax, Fantom, etc), but also other forms of support, such as Marketing, Community Management, KOL, VC Connections, SEO and even project development needs such as vesting portal and staking platform.
Since its inception, Kommunitas has introduced and pioneered of many interesting concepts in the web3.0 industry. Some of them are Initial KOMmunity Offering / IKO (tierless, no barrier and decentralized IDO) and Social Engagement Burning (a way of rewarding the community by reducing the circulation supply of the token based on engagement metrics across social media)
Not only investors will get capital gains from their investment of Public sale tokens, they are also presented with the opportunity to earn passive Revenue Sharing in Stable Coins as well as in KOM tokens by holding and staking KOM tokens. (Read more about Revenue Sharing here: https://docs.kommunitas.net/staking/quarterly-revenue-sharing)
