DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 2982

Where And How To Buy ETFSwap (ETFS)? A Beginners’ Guide To Financial Freedom

1

Amid the general decline plaguing the cryptocurrency market, investors and traders actively seek opportunities to turn their luck around. Many have turned to ETFSwap (ETFS) for huge profits. The token’s presale success has positioned it as the best opportunity for 1000x gains in the currency crypto economy. Here’s how you can join the presale.

Where And How To Buy ETFSwap (ETFS)

Institutional investors and crypto traders looking to get in on the ETFSwap (ETFS) presale can buy the token at its discounted price of $0.01831, the lowest it will ever be. On top of that, the platform has a 50% bonus promo offer on all token purchases right now. There will never be a better time to buy ETFSwap (ETFS).

Investors and traders who purchased ETFSwap (ETFS) tokens have highlighted the straightforward process of buying the tokens on the ETFSwap (ETFS) website. This is all thanks to the website’s intuitive navigation and user-friendly design. Furthermore, ETFSwap (ETFS) does not require new users to perform KYC verification. They simply sign up using their email addresses.

To get started, interested investors can go to the ETFSwap (ETFS) website on their browsers and follow these steps:

Step 1: Register Or Link Wallet

Click the Join Presale button. A pop-up with the option to link an existing wallet or create an ETFSwap (ETFS) account to manage their holdings will come up for the user to select their choice.

Step 2: Enter The Order And Make The Payment

Once registered, users should navigate to the Purchase Tokens section, enter their desired amount in USD, select their preferred payment cryptocurrency, and confirm their order by clicking Pay With Cryptocurrency. A payment wallet address will be displayed to the user so they can pay within 24 hours.

Step 3: Complete Purchase

After the payment has been confirmed, the purchased tokens will be reflected in the user’s account. At the end of the presale, each ETFSwap (ETFS) holder will receive airdropped tokens and any bonuses they have earned.

ETFSwap (ETFS) Set To Catapult Traders And Investors To Financial Freedom

ETFSwap’s (ETFS) ICO has raised eyebrows in the crypto community for its record-breaking performance. The token has sold over 86 million units and generated over $2.81 million in revenue in just a few weeks of its token presale. Renowned analysts have interpreted this phenomenal performance as excellent profit potential, predicting a 10,000% surge in a few weeks.

The ETFSwap’s (ETFS) increased traction can be ascribed to its platform’s attractive offering of hybrid institutional assets. The platform allows traders and investors to access tokenized ETFs backed by real-world assets, including the over $10 trillion strong crypto ETF market.

ETFSwap (ETFS) offers these highly sought-after investment vehicles on a decentralized platform, leveraging the scalability and security of the Ethereum blockchain. Therefore, users can enjoy perks like 24/7 access to the market, staking, and decentralized borderless and permissionless trading.

Furthermore, ETFSwap (ETFS) helps the “small guy”, so to speak, to supercharge their trades and multiply their earnings using leveraged orders. With 10x leverage for all trades and up to 50x for futures and options trading, users can turn their investment around with up to 100x profits.

ETFSwap (ETFS) is also considered one of the most secure platforms to trade on, thanks to the extensive security measures that have been taken. Cyberscope, a security auditing firm, found no security vulnerabilities when it audited the platform. Additionally, the project is doxxed and the brilliant team behind it has completed the KYC verification provided by SolidProof.

Conclusion

Investors and traders are swarming to buy into the ETFSwap (ETFS) presale before its price jumps 3x to $0.03846 at the next presale stage. They are convinced that the token will surge massively soon, turning their several $10,000 investments into millions. Smart investors use the ongoing 50% bonus promo to accumulate more tokens in preparation. You should too.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Avalanche Huge Token Unlock; ADA Eyes $0.5; Intel Markets Wins Traders’ Hearts

0

Excitement is back in the crypto scene amid a flurry of events and price upticks. At the same time, crypto adoption is on the rise, highlighted by the recent ruling of the Dubai court, which recognized digital currencies as valid salary payments. Meanwhile, Avalanche (AVAX) unlocked 9.54 million AVAX tokens, worth nearly $200 million, on August 20. Cardano (ADA) also regains momentum, targeting $0.5.

At the same time, IntelMarkets (INTL), a new player that seeks to reshape TradFi by harnessing the potential of AI and other trading features, has captured traders’ hearts. The ongoing presale presents an opportunity to become an early adopter of what might be the next crypto unicorn, explaining the soaring interest.

IntelMarkets (INTL): A New Trader Favorite

IntelMarkets (INTL), a novel player at the crossroads between DeFi and AI, is the latest on traders’ radars. It aims to transform the global crypto trading market valued at $36.5 billion in 2022 via an AI-powered smart trading platform.

It will challenge the dominance of established players in the crypto trading niche and meet the demand of next-gen traders with a combination of AI and advanced trading features. This includes trading bots, up to 1,000x leveraged trading on select assets and exclusive trading opportunities curated by expert analysts.

As an emerging altcoin with unrivaled potential—surpassing the likes of Avalanche and Cardano—it has become a new investor favorite. The presale is currently in stage 1 and priced at just $0.009 per token. This low entry point, coupled with its imminent adoption, makes it primed for a 50x uptick post-launch. With plenty of room for growth, it is a new DeFi project to watch out for.

Avalanche (AVAX): New 9.54 Million Tokens Unlocked

Avalanche (AVAX), a Layer-1 blockchain and smart contract platform, is one of the most popular names in the crypto landscape. The DeFi ecosystem houses several projects and protocols, with its high transaction output and interoperability as some of its key appeals.

In recent news, Avalanche unlocked 9.54 million AVAX tokens, worth nearly $200 million. This is about 2.41% of the previous circulating supply, which, unsurprisingly, added to the selling pressure. Many investors have been taking a cautious approach and others are outrightly holding short positions, anticipating further decline.

On the bright side, the Avalanche coin is in an attractive buy zone as it teeters around the $20 support. A popular Avalanche price prediction suggests a bounceback in the coming days, making it a good crypto to buy at the current price.

Cardano (ADA): Eyes on $0.5

Cardano (ADA), another L1 token and a smart contract platform, regains momentum. It finally shrugged off bearish pressure and resumed its uptrend, sparking excitement among holders and the wider crypto community.

The overall market bounce and rising demand for its DeFi solutions can be linked to the uptick in Cardano price. It trades around $0.3—an accumulation zone for retailers and institutional investors. According to a trending Cardano price prediction, it will hit $0.5 before the end of quarter three.

This makes its current price a low entry point, dubbed a steal by seasoned traders. Moreover, with the Cardano ecosystem growing at a rapid pace, not to mention the buzz around an ETF, it is a horse worth backing this year.

Conclusion

Avalanche’s 9.54 million tokens unlock adds to the circulating supply, increasing selling pressure. Meanwhile, Cardano regains momentum and sets sail toward $0.5, while IntelMarkets, an emerging altcoin, wins traders’ hearts. This presale token has plenty of room for growth, making it an instant favorite.

 

Discover More About Intel Markets:

Presale: https://intelmarketspresale.com/

Buy Presale: https://buy.intelmarketspresale.com/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets

Nigerian Government to Begin Supply of Crude Oil in Naira to Dangote Refinery Oct 1, 2024

0

The Federal Government of Nigeria has announced that the sale of crude oil to the Dangote Refinery in naira will commence on October 1, 2024. This decision follows a directive from President Bola Tinubu aimed at transitioning the sale of crude to local refineries from dollars to naira, which is part of a broader strategy to stabilize the local currency and foster a more self-sufficient energy market.

The sale of crude oil to local refineries in naira has been touted as key to reducing Nigeria’s heavy dependence on foreign exchange and stabilizing the naira, which has seen consistent depreciation due to a combination of external and internal factors. The directive, approved by the Federal Executive Council (FEC) on July 29, 2024, signifies a shift in the country’s energy policy, reflecting a desire to harness the benefits of its local refining capacity to foster economic stability.

At a meeting held by the Technical Implementation Committee, led by Wale Edun, Minister of Finance, the groundwork was laid for the transition. Key stakeholders involved in ensuring a smooth implementation of this policy include:

  • The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)
  • The Central Bank of Nigeria (CBN)
  • The Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
  • The African Export-Import Bank (Afreximbank)
  • These entities will collaborate to streamline the logistics, regulation, and financing involved in executing this shift from foreign currency-based payments to naira.

Backstory: NNPC’s Inability to Meet Crude Supply Obligations

While the current move toward naira-based crude sales to the Dangote Refinery marks a significant shift, it also follows a series of challenges that the Nigerian National Petroleum Company Limited (NNPC) has faced in its dealings with the refinery. Initially, NNPC held a 20% stake in the Dangote Refinery, acquired as part of a strategic partnership to ensure crude supply and share in the refinery’s future profits.

However, NNPC’s inability to meet its crude oil supply obligations became a critical issue in the partnership. This shortfall, driven by production and operational challenges, including oil theft, pipeline vandalism, and other inefficiencies, severely impacted NNPC’s capacity to consistently deliver the agreed volumes of crude oil. As a result, Dangote Refinery was forced to source crude oil independently from international markets, raising questions about the value NNPC was bringing to the partnership.

In light of these issues, Dangote Refinery negotiated a reduction in NNPC’s stake from 20% to 7.2%, a significant cut reflecting NNPC’s failure to uphold its end of the deal. The reduction of the stake symbolizes a recalibration of the partnership, where Dangote Refinery sought to protect its operations from the volatility and supply constraints faced by NNPC.

Naira Payments for Crude Sales to Begin October 2024

The introduction of naira payments for crude sales marks a new chapter in the NNPC-Dangote relationship. Despite the earlier challenges, NNPC remains a vital player in the local oil market, and the agreement to begin naira payments on October 1, 2024, indicates renewed cooperation between the government and Dangote Refinery. This move is expected to ease the refinery’s operations, which had previously been complicated by the need to source foreign exchange for crude purchases.

The first Premium Motor Spirit (PMS) delivery from Dangote Refinery is expected next month, and it is anticipated that the naira-denominated crude oil sales will begin contributing to the local economy in a significant way. This aligns with broader government goals of fostering a self-sufficient refining industry and reducing reliance on imported fuel products.

The shift to naira for crude sales is also seen as part of the federal government’s efforts to reduce pressures on foreign reserves and stabilize the exchange rate. With Nigeria’s foreign exchange reserves under strain and the naira’s value continuing to decline, the move is expected to relieve some of the pressure by keeping more transactions within the domestic economy.

At the same time, production increases are expected from both the Dangote Refinery and the Port Harcourt Refinery, with significant output boosts anticipated by November 2024. This increased capacity will be critical as Nigeria continues to grapple with fuel shortages and high import bills.

At the meeting, Edun emphasized the need for transparency in the process, directing the technical subcommittee to finalize the details of the arrangement and ensure that all stakeholders are aligned. The committee has been tasked with preparing a report for President Tinubu, confirming that the transition to naira payments is on track for October 1.

This policy, while ambitious, also raises questions about how effectively Nigeria’s domestic refineries can be sufficiently supplied with crude oil, and whether the naira-denominated sales will be sufficient to offset the international oil market price. However, with crude oil theft and pipeline vandalism showing signs of reduction, as stated by NNPC Ltd’s Executive Vice President, Upstream, Oritsemeyiwa Eyesan, there is optimism that Nigeria’s production will reach 2 million barrels per day by the end of 2024.

Burkina Faso is Halting Gold Exports to Bolster Currency Reserves

0

In a bold move to strengthen its currency reserves and tackle the illicit trade, Burkina Faso has announced an immediate suspension of gold exports, particularly from artisanal and semi-mechanized mining operations. This decision, spearheaded by the nation’s military leadership, underscores a determined effort to restructure and enhance the regulation of the gold sector.

The West African nation, rich in mineral resources, has long grappled with the challenges posed by unregulated artisanal gold mining. The vast majority of the gold mined through these operations has bypassed formal channels, leading to significant revenue loss for the government and contributing to regional insecurity. The suspension of export permits is a strategic step towards addressing these issues head-on.

By redirecting the flow of gold to the state-owned Société Nationale des Substances Précieuses (SONASP), the government aims to ensure that a fair share of the profits benefits the national economy and its people. This move also aligns with the broader regional efforts, as highlighted in a report by the Economic Community of West African States (ECOWAS), to formalize artisanal and small-scale mining across the Sahel region.

Here are some of the main hurdles faced in regulating this industry:

Informality and Legal Frameworks: A significant portion of artisanal mining operates outside formal legal frameworks. This informality can stem from a lack of clear policies or from miners’ attempts to avoid regulations and taxes.

Environmental Impact: Artisanal mining can have severe environmental consequences, including deforestation, soil erosion, and water contamination. The use of mercury in gold extraction is particularly harmful, leading to pollution that endangers biodiversity and human health.

Health and Safety: Working conditions in artisanal mines are often unsafe, with miners facing risks such as mine collapses and exposure to toxic chemicals. The lack of safety measures and health services exacerbates these dangers.

Economic Viability: Many artisanal miners operate with minimal profit margins. Regulatory measures that increase costs, such as requiring expensive safety equipment or environmental controls, can threaten the economic viability of their operations.

Social and Community Issues: Artisanal mining is not just an economic activity; it’s also deeply embedded in the social fabric of communities. Regulations need to be sensitive to the social dynamics and not disrupt the livelihoods of entire communities.

Enforcement and Corruption: Even when regulations are in place, enforcement can be challenging. Limited resources, vast and remote areas of operation, and corruption can all undermine regulatory efforts.

The suspension is not just an economic measure but also a security one. The illicit gold trade has been a source of funding for armed groups in the Sahel, exacerbating the security situation in the region. By taking control of the gold exports, Burkina Faso is also taking a stand against the financial underpinnings of these groups.

The impact of this policy shift will be closely watched by economists and policymakers alike, as it could set a precedent for other resource-rich nations facing similar challenges. The success of Burkina Faso’s initiative could inspire a wave of regulatory reforms across the continent, potentially leading to more stable and prosperous economies.

For now, the world’s eyes are on Burkina Faso, as it takes a firm stance on its gold exports. The country’s efforts to clean up the sector and better organize the marketing of its precious resources are commendable steps towards economic resilience and regional stability.

Revolut secures $45B Valuation in a Share Sale to Employees

0

In a remarkable development for the fintech sector, U.K.-based trading platform Revolut has recently secured a staggering $45 billion valuation, following a share sale to its employees. This valuation not only cements Revolut’s position as one of the world’s most valuable fintech firms but also marks it as Europe’s most precious private tech company, surpassing many of Britain’s oldest banks, including Barclays, Lloyds Bank, and NatWest.

Founded in 2015, Revolut began as a digital banking alternative, offering budgeting and currency exchange services. Over the years, it has expanded its portfolio to include a range of financial services, from cryptocurrency trading to stock investing. The company’s growth trajectory has been nothing short of meteoric, with a valuation that has soared from $33 billion in 2021 to its current $45 billion.

The recent share sale by employees is a secondary market transaction, providing liquidity and an opportunity for the staff to benefit from the company’s growth. This move is indicative of Revolut’s strong financial performance and its strategic objectives’ execution. In 2023, Revolut reported a revenue of $2.2 billion, with a profit before tax amounting to $545 million, reflecting the company’s robust business model and operational efficiency.

The valuation increase is a testament to the confidence that investors have in Revolut’s business model and its potential for future growth. The round was led by new investors Coatue and D1 Capital Partners, along with existing investor Tiger Global, highlighting the diverse mix of support the fintech giant enjoys.

Revolut has significantly expanded its range of services since its inception, positioning itself as a comprehensive financial hub for modern consumers. The platform offers a variety of services that cater to the diverse needs of its users, from everyday transactions to investment opportunities.

One of the core offerings of Revolut is its personal finance management tools, which include budgeting and analytics to help users track and control their spending. Additionally, the platform provides global spending and transfers without hidden fees, making it a favorite for travelers and international users.

For those looking to save and grow their money, Revolut offers savings accounts with competitive interest rates. Users can also engage in stock trading with access to 3,000+ stocks, including high-profile companies like Apple and Tesla, without commission fees. Moreover, cryptocurrency exchange services are available for users interested in digital currencies.

Revolut hasn’t stopped there; it also provides unique features such as RevPoints, which can be collected on daily expenses and redeemed for rewards, and the ability to send gift cards or cash instantly to friends and family. For the socially conscious, there’s the option to round up card payments and donate the spare change to charity.

The company’s commitment to innovation is evident in its continuous efforts to enhance user experience and offer new services. With plans to introduce more features and expand its global reach, Revolut is set to redefine the financial services landscape further.

Revolut’s success story is also a sign of the changing times in the financial industry. Traditional banking institutions are facing stiff competition from agile, tech-driven companies like Revolut, which are redefining the banking experience for customers. With a U.K. banking license secured after a three-year wait and a banking license in Mexico, Revolut is well-positioned to expand its services and compete with established banks on a global scale.

As Revolut reportedly considers an IPO on the Nasdaq, the fintech firm’s journey reflects the broader trends in the industry, where innovation, customer-centric services, and technological advancements are shaping the future of finance. The employee share sale is not just a financial milestone; it’s a harbinger of the fintech revolution, where companies like Revolut are leading the charge in creating a more accessible and user-friendly financial ecosystem.