Press Release
Press Release Label Foundation 20} announced that it has officially integrated to integrate with Binance Custody and leverage its highly secure cold storage solution. With this integration, LABEL’s native tokens can now be securely stored as $LBL is now supported by Binance Custody and tokens are securely stored using its institutional and insured cold storage capabilities. Additionally, both BEP-20 and ERC-20 can be used for deposits as well as withdrawals. If all goes well, the LABEL team hopes to further expand its partnership with the Binance ecosystem in the future.
A budding relationship
Binance Custody was only released in 2021, but there is still plenty of trust in the high level of user protection offered by this service. Binance Custody decentralizes the management of funds using industry-leading secure MPC (multi-party computing), threshold signature schemes, and offline key-sharing storage, all of which are designed to protect all users. management is decentralized, which is exactly the right choice as these are all essential elements to ensure the safety of users’ digital assets.
Also, when it comes to insurance, Binance Custody is the world’s largest independent insurance broker, intermediated by Lockton’s Emerging Asset Protection (LEAP), Lloyds Bank of London’s Arch Syndicate We have acquired insurance from 2012 to provide greater investor protection. Insurance is one of the most important elements of our custody services, as it gives our clients peace of mind that their losses will be recovered in the unlikely event of a loss.
Therefore, the benefits of transferring ownership of digital assets to Binance Custody include not only security from hackers and malicious individuals, but also delegation of authority. By sharing access with the custodian and delegating this authority, users may be able to prevent loss of assets in the event of cryptographic inheritance, private passwords, or other types of data loss or hacking.
Why Choose Binance Custody.
Choosing Binance Custody was an easy choice for LABEL Foundation because of the aforementioned secure cold storage solution LABEL is committed to revolutionizing the music industry through Web 3.0 technology Since the goal is to provide another level of security by integrating with Binance Custody to protect users’ $LBL tokens with an institutional-level digital asset management infrastructure and security features. Again, this will provide LABEL’s customers with the peace of mind they need, as reliable security measures are a must for any project in this industry, according to CSO Hyung Soon Choi The possibility to consider further strategic cooperation between Binance Custody and the broader Binance ecosystem will also be discussed.
What is Binance Custody?
Binance Custody is widely considered to be the best service because it is fully regulated, insured, and effortlessly integrated with the entire Binance ecosystem. A fully customized solution is offered through the service because it serves as an uncompromising platform between top-notch security and a simple and efficient user experience that basically offers a customizable multi-permission scheme. This allows institutions and individuals alike to operate their crypto assets in a systematic, secure and controlled manner.
The core technology behind Binance Custody is furthermore certified to ISO 27001 and 27701, the world’s most recognized and sought-after quality management standards for information security and privacy, which has made many additional reasons why they are actively choosing Binance Custody.
About LABEL Foundation
LABEL Foundation supports the investment, distribution, and advertising process, removing significant barriers to modern content creation and investment and eliminating the biased profit sharing structure that currently exists in the industry. It is a blockchain oriented NFT royalty sharing platform that seeks to eliminate the biased profit sharing structure that currently exists in the industry.
Essentially, LABEL Foundation represents an incubation system designed to disrupt the DeFi industry, using native $LBL for this purpose, we usetokens, which are Ethereum-based governance and utility tokens. The native token may also be used in a variety of ways to enhance the expansion of the LABEL ecosystem. Additionally, the tokens will be used primarily to establish the platform’s underlying token economy by acting as payment, staking, and governance entities. Finally, the DAO (Decentralized Autonomous Organization) voting infrastructure allows contributors to claim their interests via a non-fiat token holding system, adding a strong sense of community that is actively associated with LABEL and all it stands for.
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This is a press release. Readers should exercise their own due diligence before taking any action related to the advertised company or its affiliates or services. or for any damage or loss caused or alleged to be caused, directly or indirectly.
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