Ant Digital Technologies (ADT), the enterprise wing of fintech giant Ant Group, has hooked up around 15M power assets to the AntChain network. These assets include renewables such as wind turbines and solar panels – all constantly monitored for output and outages on an immutable blockchain.
Source: Bloomberg on X
The project goes beyond just infrastructure. ADT are issuing tokens tied to these renewable assets which will allow investors to purchase fractional ownership directly. It has already raised over $42M for three renewables projects.
According to Bloomberg, ADT executives are weighing up whether to open up the initiative to offshore exchanges. ADT has also been exploring stablecoin licenses in Hong Kong and Singapore.
Ant is most famous for running Alipay, though the firm has had to change track in recent years as a result of the Chinese government stopping its record IPO in 2020.
Since then, Ant has heavily explored blockchain tech and now uses its Whale Cloud to process a significant portion of the $1T in global payments it handled last year.
ADT’s shift away from Alipay towards cross-border services could open up the Chinese blockchain market, which is notoriously closed off.
The rest of the crypto market would benefit greatly from increased inflows from China, allowing other fintech-aligned projects like Snorter Token ($SNORT) to pump as a result.
Snorter Token ($SNORT) is the official token of Snorter Bot, an altcoin sniping bot that works entirely from a Telegram interface, lightweight and usable on your phone.
Trading meme coins can be very difficult. New ones pop up every few seconds. And by the time you’ve done your due diligence to see whether it’s a scam or not, the opportunity to trade on the initial hype might have passed.
Moreover, Snorter makes it quick and easy to buy, sell, and swap. Just choose your market order in the app, set a T/P or S/L limit, and let the bot do the work for you.
It all happens in the background, so you won’t have to constantly check your phone to trade altcoins.
Snorter promises fast swaps, honeypot detection, and copy trading with the $SNORT token.
Snorter comes with Solana support on release, but this will be followed up after launch with modules for:
The $SNORT token is where Snorter Bot gets really interesting. First up, it drops your transaction fees down to 0.85% which is significantly better than the 1% industry average for bots. Lower fees means better margins, especially if you’re trading at scale.
Which is precisely what $SNORT is here for. Holding the token unlocks higher trading limits, letting you trade an unlimited number of times per day. It also enables a copy trading feature. All you have to do is nominate a wallet that has a good winning streak, and Snorter will take care of the rest for you.
While Snorter Bot is still in development, you can join the $SNORT presale and grab cheap tokens ahead of the release.
Join $SNORT’s presale for up to 122% APY.
China’s use of blockchain tech is primarily domestic. But projects like ADT’s tokenization of energy assets may have a liquidity problem solvable only by exposing the tokens to offshore exchanges.
If so, this would create capital flow into the rest of the crypto market as a whole and create further opportunities to bridge China’s blockchain ecosystem with the rest of the world.
The increased trading volume created as a result of China’s entry into global blockchain markets would mean great things for Snorter Token ($SNORT), which fuels more ways to make smart trades thanks to its multichain Snorter Bot.
Make sure to always do your own research before investing and only put in what you’re prepared to lose. This article is not financial advice.
Also read: XRP Price Today: XRP Breaks $3 Following Inverse Head and Shoulder Pattern—What’s Next?
