The blockchain jewelry brand Bitring is expanding globally, with store locations in LVMH-owned shopping malls

ChainCatcher news, according to the official announcement, the blockchain jewelry brand Bitring has announced a global expansion plan, with all new stores located in LVMH Group malls. The brand stated that this location strategy is an important part of its innovation in the application of blockchain technology.

It is reported that Bitring is a DePIN + AI project based on the BNB Chain, with 70% of its tokens allocated for community mining and 30% for a user insurance fund subsidy pool. The team and investors do not own any tokens. During the mining period, Bitring users will enjoy reinsurance subsidy compensation within the scope of global health insurance. The platform aims to incentivize holders through fair launches and support a decentralized community economy. The Bitring team hopes to enter the Web3 insurance field through the ring as an entry point in the future.