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<p>Your crypto investments haven’t yielded much in recent weeks ? How about pocketing $1000 for free by entering a contest right now ? Well, that’s what the Ledgity protocol is offering in collaboration with Cointribune. Let’s talk about it in this article.</p>
<h2 id="h-ledgity-launches-a-1000-contest-to-promote-its-cashback">Ledgity launches a $1000 contest to promote its Cashback</h2>
<p>For the past few weeks, Ledgity has been multiplying initiatives aimed at promoting on-chain finance. After a series of recent collaborations, the protocol provided an <a href="https://www.cointribune.com/ledgity-lance-une-nouvelle-fonctionnalite-de-cashback-pour-ses-utilisateurs/" rel="noopener noreferrer nofollow">unexpected innovation</a> on September 19th. It’s a Cashback feature that’s already delighting its users.</p>
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<p>Indeed, with Ledgity’s Cashback, users of the platform ledgity.com now have the opportunity to recover 10 % of their purchase amount. They can recover up to €100 per month. Payment is made in the form of LDY tokens. And that’s not all.</p>
<p>To promote its Cashback, Ledgity pulled out all the stops. In partnership with Cointribune, Ledgity launched a contest allowing participants to win $1000, including $500 in BTC. To enter the contest, three conditions are required. 1-Tag three friends and retweet. 2- complete KYC on the Ledgity app. 3- complete the Read to Earn quest. You might want to try your luck. That being said, this cashback and contest are not the only <a href="https://forum.sky.money/t/tokenization-grand-prix-application-delubac-asset-management-x-ledgity/25152" rel="noopener noreferrer nofollow">recent innovations from Ledgity</a>.</p>
<h2 id="lusdc-ledgity-offers-the-first-erc-20-token-backed-by-u-s-treasury-bonds">LUSDC: Ledgity offers the first ERC-20 token backed by U.S. Treasury bonds</h2>
<p>After many bold steps, Ledgity has made a giant leap by launching a project to tokenize U.S. Treasury bonds with the LUSDC token. It’s a joint initiative by Ledgity and Delubac AM bank carried out as part of the Spark Tokenization Grand Prix.</p>
<p>The LUSDC is an ERC-20 token backed by a portfolio of short-term U.S. Treasury bonds. Investors interested in the project subscribe by depositing USDC on Ledgity. They receive LUSDC at a 1:1 ratio. Ledgity converts the deposited USDC to dollars, thanks to Circle.</p>
<p>The protocol keeps the funds in a separate deposit account created at Delubac &amp; Cie bank, thus protecting them from bankruptcy risks.</p>
<p>Delubac &amp; Cie, the custodian bank, invests these funds in U.S. Treasury bonds managed by Delubac Asset Management, an asset management company it owns.</p>
<p><em>Investors can track and manage their investments and returns on the Ledgity.finance interface. They can also withdraw up to 5 % of their funds instantly or more in 2 or 3 days. The yield generated is distributed in the form of new tokens, which thus increases the investor’s portfolio. In short, <a href="https://www.cointribune.com/en/crypto-rwas-propel-treasury-bills-to-over-1-5-billion/" rel="noopener noreferrer nofollow">native crypto investors will soon be able to access institutional TradeFi asset managers</a>. A great advancement for the crypto industry.</em></p>

Win 1000 Dollars today with this Ledgity contest

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