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Thursday, December 12, 2024

Global Food Partners' Impact Incentives Program Drives Vietnam’s Largest Transition to Cage-free Egg Production

Partnership launched to transition Nguyen Gia Livestock Production Cooperative’s 50,000 hens to 100% certified cage-free production systems, providing solutions for Vietnamese companies to meet their cage-free commitments.

[Hanoi, Vietnam] – Global Food Partners (GFP) has partneredwith Nguyen Gia Livestock Production Cooperative, led by Mr.Nguyen Huu Tue, one of North Vietnam's largest egg producers, to spearhead the country's largest transition from caged to cage-free egg production. With a flock of approximately 50,000laying hens, the Cooperative will achieve 100% cage-free operations in 2025 through GFP’s technical expertise and Impact Incentives program. This groundbreaking initiative not only supports Vietnam’s growing demand for responsibly sourced eggs but also empowers local producers to meet the 2025 cage-free commitments of food and hospitality businesses across the region.

At a signing ceremony on 8 December 2024 in Hung Yen Province, stakeholders from across the food industry, local producers, and community leaders gathered to celebrate this partnership. The collaboration offers two solutions for food businesses looking to achieve cage-free commitments:

1.Direct Cage-Free Sourcing: Companies can purchase certified, physical cage-free eggs directly from Nguyen Gia Livestock Production Cooperative.2.Impact Incentives Program: Businesses can also meet their cage-free commitments by purchasing Impact Incentives—cage-free credits that directly support Mr. NguyenHuuTue’s cage-free production andtransition.

About Impact IncentivesGFP’s Impact Incentives program, the world’s first egg credit trading scheme, provides a flexible, cost-effective solution to sourcing challenges while driving sustainable change. By purchasing these credits, food companies can offset gaps in their supply chains, ensuring their cage-free commitments are met by December 2025.

For producers like Nguyen Gia Livestock Production Cooperative, Impact Incentives generate a premium income that funds the transition to cage-free systems, covers ongoing costs, and supports further expansion to meet increasing demand. This model empowers both corporates and farmers to achieve their sustainability and business goals collaboratively.

Technical Support and Capacity BuildingAs part of the partnership, GFP’s Science and Extension teamprovides tailored technical training and guidance, enabling Nguyen Gia Livestock Production Cooperative to adopt high-welfare farming practices, retrofit existing facilities, implement effective cage-free management, and achieve international welfare certification. With GFP’s support, the farm is on track to transition fully to cage-free operations in 2025, ensuring it can meet the needs of food and hospitality companies while improving long-term productivity and profitability.

Quotes from the EventElissa Lane, CEO of Global Food Partners, stated:“We applaud the Nguyen Gia Livestock Production Cooperative for its commitment and leadership in cage-free production. Our Impact Incentives program drives the transition from caged to cage-free production and enables food businesses to meet their cage-free commitments on time in Vietnam and across Asia. By partnering with Mr. Tue and his team, we’re demonstrating how local producers can achieve profitable, high welfare, cage-free systems and support the transition to cage-free supply chains in Vietnam.”

Mr. Nguyen Huu Tue, owner of Nguyen Gia Livestock Production Cooperative, added:“With GFP’s training and support, I’m confident in our ability to meet the rising demand for cage-free eggs, ensuring a better future for my farm and the local community. This partnershipand my participation in GFP’s Impact Incentives programenable me to transition away from cages, enhance animal welfare, expand our operations, and contribute to a more sustainable and responsible food system in Vietnam.”

Driving Corporate Solutions Across AsiaThis partnership is part of GFP’s broader mission to establish a sustainable, cage-free ecosystem across Asia. The Impact Incentives program and GFP’s technical expertise help food businesses overcome sourcing challenges, meet their commitments, and drive impact across their supply chains.

About Global Food Partners Consulting Pte Ltd

Global Food Partners (GFP) is a Singapore-based consulting company dedicated to helping food and hospitality businesses achieve cage-free sourcing, and egg producers to implement and optimise cage-free production practices. GFP operates across Asia, including in China, Indonesia, Japan, Philippines, Singapore, Thailand, Malaysia, and India. For more information, visit www.globalfoodpartners.com


Celebrate the Festive Season with Karaoke Manekineko's Christmas and Christmas Beer Packages

This holiday season, Karaoke Manekineko brings you two irresistible packages to make your Christmas celebrations truly special. Gather your loved ones, sing your hearts out, and enjoy delicious snacks and drinks with the Christmas Package or Christmas Beer Package.

Karaoke Manekineko is lighting up the holiday season with two exclusive packages to ensure your Christmas celebrations are unforgettable. Whether you're planning a cozy gathering or a lively party, these packages offer something for everyone!

Christmas Package

Perfect for family gatherings or a fun time with friends, the Christmas Package includes:

- 3 Hours of Singing Session: Enjoy a private karaoke experience filled with your favorite tunes.

- Free-Flow Drinks and Tidbits: Unlimited refreshments and light snacks to keep the energy high.

- Delicious Snack Choices: Pick from a variety of mouthwatering options, including: Nachos Cheesy Popcorn, Takoyaki Balls, Chicken Nuggets and Fries

The number of servings increases with group size, ensuring plenty of treats for everyone:

2 pax: RM 78++

4 pax: RM 158++

6 pax: RM 238++

8 pax: RM 318++

10 pax: RM 398++

Christmas Beer Package

For those looking to add a lively twist to their celebrations, the Christmas Beer Package includes:

- 3 Hours of Singing Session: Sing to your heart’s content in a festive and cheerful atmosphere.

- Free-Flow Drinks and Tidbits: Stay refreshed and enjoy light snacks throughout the session.

- Premium Beer Options: Choose from Carlsberg or Royal Stout beers, with quantities increasing for larger groups.

- Tasty Snack Choices: Select from the same delicious options as the Christmas Package.

This package is priced as follows:

2 pax: RM 158++

4 pax: RM 318++

6 pax: RM 468++

8 pax: RM 628++

10 pax: RM 788++

Note: The Christmas Beer Package is available at all outlets except the Central i-City outlet.

Additional Details

Both packages are available all day, offering flexible timing for your celebrations.

Prices exclude an additional 8% SST and 10% service charge.

These packages are not eligible for membership birthday promotions, discount vouchers, or any other promotional offers.

Celebrate this holiday season with music, laughter, and delicious food at Karaoke Manekineko. Book your Christmas Package or Christmas Beer Package now, and let the festivities begin!

About Koshidaka International KL Sdn Bhd

Koshidaka International was incorporated in 2021 at Kuala Lumpur, Malaysia as a full subsidiary of Koshidaka Holdings. The company serves as a management consultancy arm for the Karaoke Manekineko operations in Malaysia, Thailand, and Indonesia. Karaoke Manekineko is a friendly and safe environment for Karaoke that is designed to accommodate a diverse range of customers, from families with young children to groups of friends and corporate teams.


Babylon: Revolutionizing Bitcoin’s Role in Securing Proof-of-Stake (PoS) Blockchains

  

Discover Babylon, Transforming Bitcoin (BTC) into a dynamic asset that secures Proof-of-Stake blockchains while earning rewards. Explore staking benefits, seamless integrations, and enhanced DeFi utility for BTC holders.

Babylon is a groundbreaking project aimed at reshaping the utility of Bitcoin (BTC) by enabling its holders to enhance the security of Proof-of-Stake (PoS) blockchains while earning yield.

This innovative approach allows Bitcoin to transcend its traditional role as a store of value or medium of exchange and become an active participant in the decentralized economy.

What is Babylon?

Babylon introduces a staking protocol that allows Bitcoin holders to secure PoS blockchains without needing to bridge, wrap, or hold their BTC in custody.

By leveraging Bitcoin’s inherent strengths—its timestamping service, blockspace, and asset value—Babylon unlocks new possibilities for integrating Bitcoin into decentralized finance (DeFi).

This protocol is particularly impactful for PoS ecosystems like Cosmos, Polygon, and Bitcoin Layer 2s, offering enhanced economic security and scalability. By doing so, Babylon positions Bitcoin as a critical asset for securing the broader blockchain ecosystem.

How Does Babylon Work?

Babylon has several main components, here is a detailed explanation that you can study in more depth.

1. Bitcoin Staking Protocol

Babylon’s staking protocol allows Bitcoin holders to stake their BTC directly to secure PoS chains, app chains, and dApps. Unlike traditional staking, Babylon’s approach does not require Bitcoin to be bridged or held by third parties, significantly reducing risks.

- Security: Staked BTC remains safe and withdrawable, provided participants act in good faith. The protocol also ensures prompt unbonding of staked assets using the Bitcoin timestamping protocol, eliminating delays and social consensus dependencies.

- Compatibility: Designed as a modular plug-in, the protocol integrates seamlessly with various PoS chains, making it a versatile solution for enhancing blockchain security.

2. Bitcoin Timestamping Protocol

This protocol timestamps blockchain events onto the Bitcoin network, borrowing Bitcoin’s robust security features to enhance PoS network integrity.

- Long-range Attack Prevention: By tying PoS blockchain data to immutable Bitcoin timestamps, Babylon protects against malicious forks and chain manipulation.

- Efficiency: It supports fast stake unbonding, reduces security costs, and facilitates cross-chain synchronization without social consensus.

3. Bitcoin Data Availability Protocol

This protocol uses Bitcoin’s blockspace to provide a censorship-resistant layer for PoS chains, ensuring critical data remains accessible and secure. It enhances blockchain reliability, making Babylon an invaluable tool for decentralized applications.

Key Benefits of Babylon

1. Expanding Bitcoin’s Utility

Babylon transforms Bitcoin from a passive store of value into an active financial tool. BTC holders can now earn rewards while contributing to the security of PoS networks.

2. Strengthening PoS Blockchain Security

Babylon leverages Bitcoin’s Proof-of-Work (PoW) security to enhance the resilience of PoS chains against attacks, particularly in their early stages of development.

3. Increasing Capital Efficiency

The protocol enables BTC holders to stake their assets without compromising liquidity, thereby increasing the capital efficiency of Bitcoin within the DeFi ecosystem.

4. Fast and Flexible Unbonding

Unlike traditional staking systems, Babylon offers a swift unbonding process, ensuring users can access their funds promptly while maintaining flexibility.

Funding and Partnerships

Babylon’s vision is supported by a robust team, including co-founders David Tse and Fisher Yu, alongside expert advisors. The project has garnered significant funding, raising over $18 million in December 2023 from leading investors such as Polychain Capital, OKX Ventures, and Polygon Ventures.

Babylon’s growing ecosystem boasts partnerships with Lombard, Akash Network, Binance Web3 Wallet, Injective (INJ), and others, further solidifying its market position and expanding its integration potential.

Implications for the Blockchain Ecosystem

1. For Bitcoin Holders

Babylon offers a secure, self-directed custodian mechanism for staking BTC, providing a passive income stream while maintaining control over their assets. This setup eliminates the risks associated with third-party custody, making staking accessible and safe.

2. For PoS Networks

Babylon’s protocols address critical challenges like long-range attacks and data availability, ensuring PoS networks remain secure and efficient. This is particularly beneficial for new chains, which often face security vulnerabilities during their early stages.

3. For Decentralized Finance

By integrating Bitcoin into PoS networks, Babylon enhances cross-chain interoperability and opens new avenues for Bitcoin’s role in the decentralized economy.

Conclusion

Babylon represents a paradigm shift in blockchain security and Bitcoin utility. Its innovative protocols enable Bitcoin holders to actively participate in securing PoS ecosystems while earning rewards.

By bridging Bitcoin’s PoW strengths with PoS flexibility, Babylon is poised to redefine the decentralized economy, fostering greater security, efficiency, and interconnectedness across blockchains.

As the blockchain space continues to evolve, Babylon stands out as a pioneer, unlocking Bitcoin’s potential to safeguard the decentralized future.

For additional information, if you want to stake Babylon, you can join the campaign that is being held by Bitrue. You can get dual rewards by earning Babylon points while getting 2.3% APR on your BTC.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.



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