the name of its upcoming central bank digital currency after a design competition, only to receive backlash from the local crypto community.
The central bank of Jamaica announced on Twitter that it had chosen the name"Jam-Dex" along with the tagline and logo for its upcoming CBDC, scheduled for late 2022. While the project is promising, its name could be easily confused with a decentralized exchange , and its logo is"terrible," according to the community response.
The name Jam-Dex is said to be taken from Jamaican Digital Exchange, with the slogan"no cash, no problem." It was picked as the winner by the central bank following a competition. While the winner took J$600,000 home, the community is somewhat left unsatisfied with the result. . Is it a CBDC or a DEX? And I appreciate the attempt at crowd sourcing the design - fairly Web 3 of you but... this logo cannot work. It should have been put to a broader voting mechanism - the panelists let you down here big timeIn the cryptocurrency world, a 'DEX' usually refers to a decentralized exchange. A decentralized exchange refers to an exchange where there is no centralized authority, but rather a network of peer-to-peer nodes.
CBDCs are a terrible idea on every level. It's just a means to digitally perpetuate the fiat system of financial enslavement, but with even more damaging controls.
Join my telegram free channel & stand a chance to trade wit my daily profitable signals on futures trading, 5-8 Free & accurate signals dropping in the group daily, kindly click on the link to join let’s get you started as our results speaks for itself
MoonNationGame is ready to take its place in the Metaverse universe Its own 3D Space-based game is still in beta Site that will host many games Limited supply of 384 Million $MNG MoonNationGame PlayToEarn Metaverse GameFi NFT BSC Binance BNB ....
The CheemsInu platform MemeTech is coming Q1 22! ⏰ The one stop shop for everything 'Meme' in cryptocurrency! Every payment on MemeTech will be made in $CINU and the proceeds burnt forever! 🔥 Everyone knows what that means right? 📈🚀🌙 Don't sleep on CheemsInu!
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.