Technology

Lit Protocol Announces Pre-Sale for Native Network Token $LITKEY

Published

1 year ago

March 13, 2025

The public crowdsale will take place March 24th on the crypto fundraising platform Legion

SAN FRANCISCO, March 13, 2025 /PRNewswire/ — Lit Protocol, a decentralized key management and compute network today announces the pre-sale of its native token $LITKEY. The pre-sale is scheduled for March 24th and will be conducted as a crowdsale on the Legion crypto fundraising platform, an alternative to traditional VC funding and a lever for decentralizing ownership in the protocol.

Using cutting-edge cryptography, sealed confidential hardware, and peer-to-peer networking, Lit Protocol empowers developers to perform secure signing, encryption, and compute operations for virtually any use case. This transforms secret management (private keys, API credentials, passwords, sensitive data, and more) into a programmable authentication and orchestration layer for the internet.

With over $150M in total value managed (TVM) Lit secures and automates actions across both traditional internet (Web2) and crypto-native (Web3) applications. As AI becomes the primary mode of interacting with the web, Lit Protocol enables agents to manage assets and credentials securely while bound by users’ preferences. Teams building with Lit Protocol are delivering secure applications across DeFi, programmable Bitcoin, chain abstraction, tamper-proof AI agents, on-chain IP management, and beyond.

“We’re extremely proud of having built a real product with provable market fit before launching our token,” says Co-Founder David Sneider. “Given the traction we have with users, a public sale felt like the natural next step in long-term network sustainability and deepening the aligning our community with the protocol.”

$3M of tokens will be included in this initial sale. Prices for the tokens will be available in tiers differentiated by length of lockup, with lower prices proposed to those willing to accept longer lockups. With a 1 year lockup, tokens will be sold at a $100M fully diluted valuation (FDV), with a 12 month linear vesting schedule they’ll be priced at $150M FDV, and with no lockup $250M. This novel funding structure offers participants a range of risk profiles and incentivizes those who are aligned with the protocol over the long-term.

The $LITKEY token serves as a multi-faceted work, payment, and governance token, used to secure and pay for services on the Lit network as well as contribute to its growth and development through on-chain governance. Aside from securing Lit through staking and delegation, $LITKEY will be used by end developers to pay for the signing, encryption, and compute services provided by the network. Additionally, token holders will play an important role in helping steer the direction and future development of the protocol through on-chain governance.

Matt O’Connor, Founder of Legion, says “launches like Lit’s are why I built Legion. Promoting equal access to early opportunities and allowing teams to connect with their communities realizes the full power and potential of tokenization. It’s tokenization done for the right reasons.”

Sneider added, “widely available public crowdsales like the ones organized on Legion are also great because by leveling the playing field for participation, decentralizing ownership, and encouraging network participation, they encourage long-term community involvement in the protocol.”

The crowdsale will take place at 9am ET on March 24th on Legion and will run for 5 days.

About Lit Protocol
Secure, manage, and automate accounts and actions across the web with Lit Protocol. Our first-of-its-kind threshold encryption network introduces programmability to key management. This enables secure communication, authentication, and interaction with digital assets for AI agents, apps, and organizations, all without concentrating trust in a third party to custody and manage keys. Lit empowers developers to build interoperable and composable systems that unify the many fragmented networks making up today’s web, both onchain and off.

About Legion
Legion is a crypto fundraising platform that aims to bring Initial Coin Offerings (ICOs) back to crypto by ensuring regulatory compliance, particularly with EU regulations. The platform features a reputation system to filter out low-quality, purely speculative participants and a two-way opt-in system to better align projects with investors. Legion supports both pre-Token Generation Event (TGE) fundraising and token launches, focusing on merit-based access to investment opportunities. By addressing current issues in crypto fundraising, the platform seeks to maximize value for both projects and investors while minimizing overhead for founders.

Website | Whitepaper

Press Contact
Frank Spence
391758@email4pr.com
(415) 294-1157

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SOURCE Lit Protocol

Technology

Reliance Digital Brings Samsung’s Latest Galaxy Z Fold8 Series and Galaxy Z Flip8 to Stores Across India

Published

32 minutes ago

July 25, 2026

Be among the first to own the new Samsung Galaxy Z Fold8 series and Galaxy Z Flip8. Customers can now pre-order the latest Galaxy foldables at Reliance Digital, with EMIs starting at ₹6000/month.

MUMBAI, India, July 25, 2026 /PRNewswire/ — Reliance Digital, India’s leading consumer electronics retailer, today announced the availability of Samsung’s latest generation of foldable smartphones – the Galaxy Z Fold8 Ultra, Galaxy Z Fold8 and Galaxy Z Flip8. Designed to deliver the next evolution of Galaxy AI, powerful performance and iconic foldable innovation, Samsung’s newest line-up is now available across Reliance Digital stores and online.

Built around Samsung’s vision of making AI more intuitive and personal, the new Galaxy foldables combine immersive displays, premium craftsmanship and intelligent experiences that seamlessly adapt to the way users work, create and stay connected.

Leading the line-up is the Galaxy Z Fold8 Ultra, Samsung’s most premium foldable yet. Featuring an expansive 8-inch Dynamic AMOLED 2X main display, a flagship 200MP camera, the latest Snapdragon® 8 Elite Gen 5 for Galaxy processor and a 5,000mAh battery, the device is engineered for users who demand the ultimate in productivity, creativity and entertainment. It is available in Graphite, Cream and Violet Shadow,.

The Galaxy Z Fold8 brings Samsung’s signature foldable experience in a more compact form factor, featuring a 7.6-inch Dynamic AMOLED 2X main display, a redesigned wider cover screen, Galaxy AI-powered multitasking and flagship-grade performance. Customers can choose from Lavender, Graphite and Cream colour options.

Completing the line-up is the Galaxy Z Flip8, Samsung’s most stylish foldable smartphone, designed for users who want flagship performance in a compact, pocket-friendly form. Equipped with a vibrant 6.9-inch Dynamic AMOLED 2X display, an enhanced FlexWindow, a 50MP camera system and Galaxy AI experiences, the Flip8 effortlessly blends fashion with functionality.

Customers can visit their nearest Reliance Digital store to experience the new foldables first-hand with guidance from Reliance Digital’s Tech Dosts, compare models, explore exclusive launch offers and Pre-order the Galaxy device that best fits their lifestyle. The complete Galaxy Z Fold8 series and Galaxy Z Flip8 are also available through Reliance Digital’s online platform, ensuring customers can be among the first to own Samsung’s latest foldable innovations.

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Technology

Weichai’s Five Tech Routes Global Debut: Diverse Paths to a Green, Smart Future

Published

32 minutes ago

July 25, 2026

HANOI, Vietnam, July 25, 2026 /PRNewswire/ — At VEC in Vietnam on July 21, the Shandong Heavy Industry global partners conference & green intelligent products expo opened. Responding to the green transition of global commercial vehicles and heavy equipment, Weichai – with decades of expertise – unveiled five core tech routes: BEV, HEV, PEMFC, alternative-fuel ICE, and ADAS. Through full-chain proprietary control and breakthroughs, it provides efficient, low-carbon, intelligent power solutions to the global market.

Battery electric vehicle powertrain: full-chain deployment and high-efficiency recharging: Weichai masters core battery, motor, and e‑control technologies. Its CT100 battery – for heavy tractors and dump trucks – features integrated design and triple insulation, delivering better reliability, efficiency, safety, and speed. The WMS3200 drive system, tailored for heavy‑truck haulage, boosts efficiency and cuts vehicle power consumption. The WMC‑L/H/B integrated controllers offer stable, efficient control for light trucks, heavy trucks, and buses.

Hybrid electric vehicle powertrain: deep integration and ultra-long range: Weichai covers series, parallel, and series-parallel architectures, deeply integrating engine and e-drive. For urban logistics, the WP2.5T range extender offers quick response and low noise; for long-haul transport, the WP3NNG natural-gas range extender uses a “pure electric for short hauls, range-extended for long hauls” mode, with over 1,000 km combined range, easing range anxiety.

Proton exchange membrane fuel cell: zero-carbon leadership: Weichai has built a full-chain hydrogen energy system covering components, stacks, and systems. The WEF300 fuel cell engine has been deployed in volume in 49-ton heavy-duty trucks, suitable for long-haul and port logistics. The WEFG500 power generation system provides megawatt-class scalable power to support data centers and industrial plants.

Alternative fuel internal combustion engine: diverse clean-energy options and exceptional cost-effectiveness: Modular design enables flexible switching between H₂ and methanol. WP15DI hydrogen ICE peaks at 46.8% thermal efficiency; WP17T methanol ICE targets heavy‑equipment energy use, cuts operating costs, and is mass‑deployed in 130‑ton mining trucks.

Intelligent driving assistance system: vehicle-road-cloud collaboration: Weichai built a vehicle‑road‑cloud full‑stack architecture, with mining autonomous solution for cm‑level docking & obstacle avoidance, and trunk‑line ADAS with intelligent cruise & auto lane‑change, boosting high‑speed safety and economy.

Going forward, Weichai will keep iterating these five tech routes with global partners to advance sustainable manufacturing.

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SOURCE Weichai Group

Technology

Portland General Electric declares dividend

Published

4 hours ago

July 25, 2026

PORTLAND, Ore., July 24, 2026 /PRNewswire/ — The board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share.

The company’s dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to 70% over the long term.

The quarterly dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company’s amount and timing of dividends payable as well as other statements containing words such as “committed to,” “targets,” or similar expressions.

There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company’s business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE’s credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC’s website, www.sec.gov and on the Company’s website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751

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SOURCE Portland General Company