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The presentation of the ZNN network at the Token 2049 conference in Singapore became a significant event where leaders in the blockchain and cryptocurrency space gathered to discuss the latest trends and innovations in the industry. Among the many startups and established companies presenting their solutions at the conference, the ZNN network stood out with its successful presentation in the area of blockchain solutions for energy companies.

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The ZION blockchain network has secured $400 million in liquidity from Ripple Labs and the Ethereum Foundation, significantly boosting its capitalization and financial stability. This strategic partnership opens up new opportunities for innovation in decentralized finance (DeFi) and cross-chain solutions, strengthening ZION's market position. Analysts predict substantial growth in the price of the ZNN token from $0.50 to $10 within the next year, drawing on the successful examples of Polkadot and Cosmos. ZION is rapidly becoming one of the most talked-about networks in the market, and its ZNN token holds significant potential for growth.

The blockchain ecosystem is witnessing a transformative moment as the ZION network rolls out a significant update that could reshape the landscape of cross-chain interoperability. At the heart of this development is the introduction of the ZNN token, a digital asset designed to facilitate seamless transfers between some of the most prominent blockchain networks, including Ethereum, Bitcoin, and XRP.

Ripple Labs has launched InterBridge.

Features and benefits of InterBridge
Cross-chain asset exchange: InterBridge enables instant and secure asset transfers between XRP and Alqurs Network x Zion, reducing risk and costs for users.

Smart Contracts and dApps: The protocol supports the execution of smart contracts running on both platforms, allowing developers to create more complex and interactive dApps.

Reliability and Security: Using a decentralised architecture and cryptographic security methods, InterBridge provides a high degree of security and data protection.

Payment Gateways: The protocol also supports the integration of payment gateways, making it easy to use cryptocurrencies for purchases and money transfers.

Scalability: The network can handle high transaction volumes, ensuring stable performance even as the number of users and transaction volumes increase.

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Located in the emirate of Ras Al Khaimah, the state-of-the-art production facility boasts an impressive annual capacity of 1.5 gigawatts (GW). With an initial investment of $500 million, the facility is expected to scale up rapidly, aligning with the company's ambitious growth targets. Alqurs Energy’s move into carbon nanofiber technology positions it among the elite in solar manufacturing, comparable to industry leaders like First Solar and SunPower.

As of the latest market data, Alqurs Energy’s primary token, BARQ, has surpassed the $50 mark, reflecting a robust capitalization exceeding $5 billion. This milestone places Alqurs Energy in the upper echelon of solar energy companies by market valuation, drawing parallels with established firms such as Canadian Solar and JinkoSolar. 

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Prominent figures in the Middle Eastern cryptocurrency community have expressed their optimism regarding Alqurs Energy’s innovative approach. Dr. Khalid Al-Mansouri, a noted expert in blockchain technology, stated, “Alqurs Energy’s integration of advanced materials like carbon nanofibers in solar panel production is a significant leap forward. This not only enhances the efficiency of solar panels but also aligns perfectly with the sustainable and decentralized ethos of the blockchain.”

Similarly, Amira Al-Hadi, a leading financial analyst, remarked, “The surge in BARQ’s value to over $50 is indicative of strong investor confidence. The parallels with Ethereum’s success are evident, particularly when considering the technological advancements and market adoption rates.”

According to the latest report from Solar Power Europe, the UAE has made its mark among the top 10 countries with the highest installed solar energy capacity per capita in 2023. With a cumulative capacity of 708 watts per capita, the UAE secured the 10th position globally and became the first country from the Middle East and Africa (MEA) region to make the list.

In recent years, the UAE has positioned itself as a leader in solar energy development, driven by its ambitious goals for a sustainable energy future and a commitment to diversifying its energy sources. Notably, the UAE achieved gigawatt (GW) scale for the first time since 2019, installing a total of 3.1 GW by 2023. This was largely due to the completion of the 2 GW Al Dhafra solar power project near Abu Dhabi.

The launch of the Zion network was the third major infrastructure upgrade of the project as part of the Alqurs Network hardfork. Parallel sidechain technology as well as cloud solutions will unite the largest networks with the main ALQ-20 network. This, in turn, will optimise the speed of transactions, increase the speed of data processing from both equipment and the network as a whole and increase the liquidity of the blockchain. 

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Alqurs Energy launches a hackathon with a prize fund of 250000 USDT to develop its Supernova project lunchpad.

The hackathon will focus on the following areas: fintech platforms, industrial software, software for renewable energy infrastructure, customer-centric solutions, DeFi applications.

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Hackathon finalists will present their projects together with the project team at Paris Blockchain Week Hackaton 2024 

In the world of renewable energy, the focus on sustainability has never been more crucial. The need for clean and reliable energy sources has given rise to various innovations and developments in the sector. One such notable stride has been taken by Alqurs Network, which has recently launched a new token specifically catered to wind energy companies....

The representatives of Alqurs Energy are not wasting time and have already started preparing for the launch of new projects together with partners. The first joint project – a huge solar farm using advanced technologies and energy storage systems – is scheduled to be presented as early as next quarter....

The secret to Alqurs Energy’s success lies in its innovative blockchain technology, which provides security, transparency and efficiency in the production and distribution of solar energy. Through a unique token distribution mechanism, every user who installs solar panels receives a fair reward in BARQ tokens, which has become a form of new mining...

One of the key focus areas of this collaboration is the development of new solar technologies utilizing blockchain platforms to optimize energy systems...