Thu. Jun 20th, 2019

El Nino decimated jellyfish at Jellyfish Lake

Jellyfish will return under right conditions

By: L.N. Reklai

(Koror, Palau)  As of June 22, 2016, there were no adults or baby jellyfish in the famous Jellyfish Lake, according to a report presented by Coral Reef Research Foundation at the recently concluded Environmental Symposium held on August 23, 2016 at the Palasia Hotel.[restrict]

“There are healthy polyps on the lake floor but it will take right weather conditions (rains and wind) for the polyps to produce the jellyfish,” reported Gerda Ucharm, researcher for CRRF.

According to the study, the decline and disappearance of the jellyfish in the Jellyfish Lake is the result of the climate conditions that affected the entire world, such as the severe El Nino that Palau had just experienced.  It is not caused by the number of tourists to the lake.

Combination of high salinity, very low temperatures and lack of nutrients, as result of recent El Nino, caused the initial decline in jellyfish population.

One major factor that contributed to the decline or the inability of the juvenile and baby jelly fish to survive was lack of food.  The lake during the El Nino, with the lowest recorded rainfall of Palau’s history recorded in May, suffered from lack of nutrients.  Jellyfish died out due to lack of food

With the return of very warm weather and warm water, the polyps which have adopted to such weather conditions over thousands of years, are not producing baby jellyfish until the lake reaches the right temperature.

These together resulted in not only disappearance of adult jellyfish but also the baby and the juvenile jellyfish leaving only the polyps at the bottom of the lake.

“As long as polyps are healthy, in right conditions, the jellyfish will be back,” stated Ms. Ucharm of the Coral Reef Research Foundation. [/restrict]

ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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