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Albedo Token is a crypto asset developed by Bitci Teknoloji Anonim Şirketi on Bitcichain to bring together both Turkish and global investor communities and to sign joint projects with investors.

ALBEDO (ALBEDO) is a cryptocurrency launched in 2022. ALBEDO has a current supply of 100.00Bn with 0 in circulation. The last known price of ALBEDO is 0.000007381255 USD and is 0.000001470124 over the last 24 hours. It is currently trading on active market(s) with $68.36 traded over the last 24 hours. More information can be found at https://www.bitci.com/projects/ALBEDO.

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ALBEDO Price Statistics
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Updated Jun 14, 2024 6:42 am
Mkt Cap $0
There's nothing here for now
Paxos Reduces Workforce By 20%, Focuses On Tokenization And Stablecoins
Paxos Reduces Workforce By 20%, Focuses On Tokenization And Stablecoins
According to CryptoPotato, Paxos, a company known for issuing stablecoins, has reduced its workforce by 20%, resulting in a loss of 65 employees. This information was revealed in an internal email. Charles Cascarilla, the CEO and co-founder of Paxos, stated that this reduction would enable the company to seize future opportunities in the stablecoin and tokenization sectors. The company plans to discontinue some of its services to concentrate on these areas. The affected employees were offered three months of subsidized health insurance, outplacement support, 13 weeks of severance pay, and a two-year extension to exercise vested options. Employees participating in a quarterly incentive program will receive bonuses for the second quarter. Those on approved parental or medical leave will receive certain payments and benefits. Following these layoffs, Paxos' workforce now ranges between 200 and 300. Despite the layoffs, Cascarilla confirmed that Paxos is in a strong financial position, with over $500 million in its balance sheet. He took responsibility for the decision, expressing regret but emphasizing the opportunity ahead in tokenization and stablecoins. The layoffs at Paxos follow a similar move by crypto payments infrastructure company MoonPay, which recently let go of 10% of its workforce due to overinvestment and a high-cost structure. In related news, Paxos' United Arab Emirates branch recently launched a new yield-bearing stablecoin, the Lift Dollar (USDL). The USDL is designed to distribute the yield generated from its reserves to eligible wallet addresses daily.
Jun 14, 2024 6:30 am

Frequently Asked Questions

  • What is the all-time high price of ALBEDO (ALBEDO)?

    The all-time high of ALBEDO was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of ALBEDO (ALBEDO) is 0. The current price of ALBEDO is down 0% from its all-time high.

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  • How much ALBEDO (ALBEDO) is there in circulation?

    As of , there is currently 0 ALBEDO in circulation. ALBEDO has a maximum supply of 100.00Bn.

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  • What is the market cap of ALBEDO (ALBEDO)?

    The current market cap of ALBEDO is 0. It is calculated by multiplying the current supply of ALBEDO by its real-time market price of 0.000007381255.

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  • What is the all-time low price of ALBEDO (ALBEDO)?

    The all-time low of ALBEDO was 0 , from which the coin is now up 0%. The all-time low price of ALBEDO (ALBEDO) is 0. The current price of ALBEDO is up 0% from its all-time low.

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  • Is ALBEDO (ALBEDO) a good investment?

    ALBEDO (ALBEDO) has a market capitalization of $0 and is ranked #8761 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze ALBEDO (ALBEDO) price trends and patterns to find the best time to purchase ALBEDO.

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