Crypto Twitter Is Not Happy With the Name and Logo of Jamaica’s CBDC

Crypto Twitter Is Not Happy With the Name and Logo of Jamaica’s CBDC

Crypto Twitter Is Not Happy With the Name and Logo of Jamaica’s CBDC

By Arnold Kirimi

The Jam-DEX is named after the Jamaican Digital Exchange following a competition. Its slogan is “no cash, no problem!”

The Bank of Jamaica revealed the name of its upcoming central bank digital currency (CBDC) after a design competition, only to receive backlash from the local crypto community.

The central bank of Jamaica announced on Twitter that it had chosen the name “Jam-DEX” along with the tagline and logo for its upcoming CBDC, scheduled for late 2022. While the project is promising, its name could be easily misconstrued as a decentralized exchange (DEX), and its logo is “terrible,” according to the community’s response.

The name Jam-DEX is said to be taken from Jamaican Digital Exchange, with the slogan “no cash, no problem!” It was picked as the winner by the central bank following a competition. While the winner took 600,000 Jamaican dollars ($3,800) home, the community is somewhat left unsatisfied with the result.

In the cryptocurrency world, a “DEX” refers to a decentralized exchange. A decentralized exchange is an exchange where there is no centralized authority, but rather a network of peer-to-peer nodes. These nodes allow users to trade directly with one another without any intermediaries involved. In this model, the control of your funds lies in your hands, and you trade directly with another person.

The local crypto community was eager to see the rejected designs:

Some of the other competitors were not happy with the end result either:

Another user argued that judges had “out-dated” standards:

Others were simply concerned that the project would not be taken seriously due to its logo:

As reported by Cointelegraph, Jamaica revealed its plans to launch a CBDC in 2020 as an alternative to cryptocurrencies, making it one of the Caribbean countries to do so. The country’s central bank distinguished CBDCs and other cryptocurrencies, stating that cryptocurrencies do not entirely fulfill the requirements of money and are not always backed by a core authority.


Editor’s Note:

Start investing In cryptocurrency with Bitxchange If you’re new to the world of crypto and figuring out how to buy cryptocurrencies, then cryptocurrency exchanges like Bitxchange can help you to easily buy and sell crypto.

Original Source:

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Comments

07 Feb 23
The symptoms have been present for two months and have increased barely over that point. On the opposite hand, they may have more revenue to contribute to the costs of getting and rearing youngsters, which can then improve the overall fertility of a country. The first reported description of Cryptosporidium parvum was in 1907 within the gastric crypts of a laboratory mouse (Tyzzer) diabetes test online australia discount 500 mg actoplus met. The s t i c u l a r F u n c t i o n Sep t a l ex t en sio n s o f t h e t u n ica a lb u gin ea d ivid e t h e testes into 200 to 300 wedge-formed compartments or the two primary functions of the testes or male gonads lobules. Facial and discolored darkish pink to purple and thickened, and pulmonary edema, oliguria and azotemia serosal surfaces of the whole bowel had been reddened. Cross References Aphasia; BrocaпїЅs aphasia; Recurrent utterances; Tic Sternocleidomastoid Test It has been reported that apparent weak spot of the sternocleidomastoid muscle is common (eighty%) in functional hemiparesis, often ipsilateral to the hemiparesis, whereas it is rare in vascular hemiparesis (11%), presumably due to the bilateral innervation of the muscle bacteria que causa la gastritis cheap roxithromycin 150 mg. I nspection and pal pation of sk in and gentle Surgica la nd/ o ro nco lo gy co nsulta tio n a sclinica lly indica ted. However, the rhabditiform larvae can be discovered in the Humans are a standard host for Enterobius vermicularis duodenal contents and stool and comprise the diagnostic type. The second stage of labor begins with complete dilatation of the cervix and ends with delivery of the toddler vyvanse erectile dysfunction treatment 200 mg extra super viagra discount visa. Therefore therapies directed toward nisms of immune dysfunction that underlie the medical presenta depleting autoantibody (eg, plasmapheresis) or decreasing its tion, with narrowing of diagnostic choices before utilizing expensive formation (eg, rituximab), supplementing the goal cytokine, or sophisticated checks that could be required to reach at specic di 763 both can ameliorate the disease course. Prognostic samples to detect presence of residual leukemic cell and can predict relevance of immuno-phenotyping in 379 sufferers with acute myeloid leukemia. Solution is medium amber, clear to barely opalescent, might have a fne precipitate women's health clinic akron generic 20 mg sarafem overnight delivery. Pulse and blood pressure Research relating to the effect of methylphenidate on blood pressure has indicated a small however clinically non-important impact (average increase 5 mmHg) from methylphenidate on blood strain in brief-term use (Findling et al. A vascular landmark at this point is the gastro- duodenal artery, which arises from the frequent hepatic artery and courses downward by the anterior floor of the pancreatic head or isthmus, parallel to the common bile duct (?Fig. The provisos forming urine intention be hardened hereafter to describe the filtrate as it is modified into right urine birth control
07 Feb 23