Token of fidelity
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It can also be used to restore the master of the world’s HP while in other worlds, but this is only a side effect of the object. Simply holding these tokens demonstrates the holder’s devotion.
Tokens of Fidelity are provided to Blue Sentinels members who successfully assist a Blue Apostle in distress or for assisting a boss in another player’s universe as a white ghost. To enter the Blue Sentinels covenant, one must first obtain Blue Sentinel Targray’s approval.
Offline players can find a Token of Fidelity and a Pharros’ Lockstone on a broken pillar in Huntsman’s Copse, which can be reached either from the ladder above the Bridge or from the ground. Using a running hop or a drop from the wooden bridge leading to Undead Purgatory, approach the bonfire. Outside the Cathedral of Blue in NG+, there are three red phantom enemies who each drop a Token of Fidelity. They will regenerate if you burn a Bonfire Ascetic.
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Mason Borda, CEO of security token network, spoke at Fidelity’s Center for Applied Technology’s (FCAT) Bits & Blocks Club, a learning community focusing on digital assets and blockchain, back in June. Mason demonstrated the importance of TokenSoft and revealed an exciting new use case in partnership with FCAT during his presentation.
FCAT is Fidelity’s research and development arm, with a team dedicated to studying and developing products related to digital assets and blockchain technology. The club had previously used the principle of gamification as part of its efforts, but considered the method to be manual and restrictive.
TokenSoft’s Platform was used by the Bits and Blocks Club to launch an ERC-1404 token, which is a basic restricted open standard for security tokens. With their specific rewards scheme and enforcement criteria, TokenSoft assisted FCAT in designing and issuing the BBT restricted token.
TokenSoft incorporated the BBT token contract into TokenSoft’s Token Administration Platform, which is used by financial institutions including Fidelity, after it was released. Employees at Fidelity used the BBT token in a closed-loop incentive scheme to enable them to participate in internal events and other tasks.
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Fidelity Investments, a global financial services company headquartered in Boston with $2.8 trillion in assets under management, has declared a success its test of an Ethereum-based token to power an internal compensation scheme for its employees.
According to a press release, Fidelity’s Center for Applied Technology (FCAT), the company’s research and development arm, collaborated with TokenSoft, a blockchain technology network, to build an ERC-1404 token. The token went live in June, and it uses a closed-loop incentive mechanism to encourage employees to attend internal events and other activities.
“Our team was ecstatic to be able to put this new token to the test with Fidelity’s club members. It’s a real use case for restricted tokens for staff, and it gives them a chance to get hands-on experience with tokens, wallets, and other blockchain technology to learn how it functions and how we can implement it in other areas.”
TokenSoft creates enterprise-level resources for businesses looking to join the tokenized economy. The organization focuses on security and enforcement concerns, collaborating with lawyers and industry leaders to develop an open-architecture, white-label token issuance platform.