Gyeongnam Pharmaceutical Square (CEO Park Seongjae) announced on the 16th that it has signed a strategic partnership with IOTRUST (CEO Baek Sangsoo), the developer of the blockchain wallet ‘D’Cent’.
Through this agreement, Gyeongnam Pharmaceutical Square’s self-issued cryptocurrency ‘LEMN Token (Lemon Token)’ is scheduled to be listed on the blockchain wallet D’Cent.
In addition, Lemon Token holders will be able to not only support deposits and withdrawals through the D’Cent wallet but also enhance security and stability, making it more convenient to store and manage tokens.
Gyeongnam Pharmaceutical Square plans to expand mutual business by enabling the use of Lemon Token assets after adding them in the D’Cent wallet.
Gyeongnam Pharmaceutical Square was established for the purpose of diversifying the business of its parent company, Gyeongnam Pharmaceutical, and is currently issuing and operating the new distribution platform ‘No Money Market’ in a B2E (Buy to Earn) format and the Lemong PFP.
No Money Market is a distribution platform in the B2E (Buy to Earn) format that breaks away from traditional distribution platforms that only sell products. It sells the company’s representative products such as Lemona to consumers and rewards consumers’ purchases and activities with non-fungible tokens (NFTs), allowing them to receive economic rewards while shopping. The rewarded NFTs can be traded secondarily on OpenSea or exchanged for LEMN Tokens.
The Lemon Token (LEMN), which is rewarded as part of the B2E (Buy to Earn) system, is currently listed on global exchanges such as Gate.io and MEXC. Also, ‘No Money Market’ was operated as a closed mall for the purpose of user benefits of Lemong LEMONG PFP NFT, but it is now preparing to be reorganized into a collective-type comprehensive mall. It is preparing for a grand opening with a more expanded and diverse range of product categories by introducing outsourced products and brand collaborations.
D’Cent is a wallet service that safely stores cryptocurrencies and allows convenient use of blockchain-based services such as DeFi and game item management. With the D’Cent mobile app, users can link with hardware wallets or use it as a software wallet without hardware.
Park Seongjae, CEO of Gyeongnam Pharmaceutical Square, said, “We will enhance the convenience, reliability, and safety of the platform through collaboration with IOTRUST in the future.”
Baek Sangsoo, CEO of IOTRUST, said, “We will do our best to ensure that the D’Cent wallet contributes to the expansion of the blockchain ecosystem and maximizes the synergy between the two companies.”
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