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Home Blog Page 3399

Tekedia Demo Day Video Uploaded; Indicate Your Startups of Interest

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Dear Sir/Madam,

Greetings! Thank you so much for facilitating a really successful Tekedia Capital Startup Demo Day yesterday.  We do think that we have one of the finest startup classes yet. From Detroit to San Francisco, Cotonou to Lagos, Kinshasa to Toronto, and beyond, we saw a taste of category-king visions. If you missed it or want to re-watch it, this is the direct link once you login.

Now, you can email us with your startup(s) of interest. The bank details are in the Board, at the end of the page where the startups are presented.

More so, we will begin sending Master Agreements to members who have already transferred funds. If we do not receive any updated instructions, post Demo Day,  by Tuesday afternoon, we will prepare the documents and send them accordingly.

The last date for payment is May 15, 2024, the cycle closure date. Thank you for the partnership.

Regards,

Tekedia Capital Team

Join capital.tekedia.com here

capital@tekedia.com

Egoras APEX 28 Electric Vehicle, from Egoras, a Tekedia Capital Portfolio Startup [video]

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Tekedia Capital is super excited to share the Egoras APEX 28 electric vehicle, from our portfolio company, Egoras. APEX 28 will formally launch on June 8 2024, at Yakubu Gowon Stadium in PHC, Nigeria. We invite you to come and feel the machine. Manufacturing factory is at the outskirts of Aba, Nigeria.

Egoras APEX 28 is connected to Egochain blockchain, and it is the world’s first car which rewards drivers via its indigenous tokens (traded in many coin exchanges) as you accumulate EV miles via blockchain-delivered carbon credits.

The car has many components of blockchain, anchored on the EgoDAO, a blockchain-based ecosystem for providing structured credit to smart manufacturing. It is the first in continental Africa, and a pioneer in decentralized finance for smart manufacturing.

Here, we have unified manufacturing, finance and blockchain at scale. I commend Ugoji Harry for executing this playbook with brilliant young engineers in Nigeria. They began with fixing generators. They moved to making new generators. Today, it is EV. Excellence scaled!

Launch date: June 8, 2024

Pre-order will also begin on June 8.

Tekedia Capital has discovered and seeded dozens of companies in Africa and beyond.

BlockDAG’s Keynote Teaser Trends With $100M Liquidity and Vesting Period, Surpassing Internet Computer Price and Dogecoin Predictions

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The Internet Computer price recently declined to $13.67, reflecting a 6.95% drop. Meanwhile, Dogecoin news reveals a potential uptrend fueled by a 6.21% increase. BlockDAG, on the other hand, continues to captivate the market with its strategic financial manoeuvres and significant presale success, amassing over $21.3 million.

The price surged to $0.006, with projections indicating a potential 30,000x ROI fueled by the excitement around its recent moonshot keynote teaser. With the introduction of a structured vesting period, BlockDAG aims to secure investor trust further and stabilise the market.

Current Trends and Future Predictions for Internet Computer

The Internet Computer price has faced a downturn, dropping to $13.67 after a 6.95% decline, underperforming in the broader cryptocurrency market. This recent decrease positions the Internet Computer price below its performance against Bitcoin, with a notable -3.48% change. Despite the short-term setbacks, forecasts suggest a rebound, with the Internet Computer price expected to rise to $17.96 by the end of April 2024, marking a potential 30.20% increase.

Internet computer prices have shown varied dynamics in the broader time frame. Over the past month, the cryptocurrency experienced a significant 28.14% drop, yet it maintains a 21.31% rise over the last three months. Despite the mixed signals from market indicators, where 52% shows bullish sentiments, reflect the complex environment in which the Internet Computer price navigates.

Strategic Expansion in the Mantle Ecosystem

Recent Dogecoin news highlights a 6.21% price increase, potentially initiating an uptrend that might last for several days. Analyst Ali Martinez pointed to a buy signal from the Tom DeMark (TD) Sequential on the daily chart, suggesting trend exhaustion at $0.14 and an imminent rise.

Further Dogecoin news reveals that despite positive signs, challenges remain. The Cumulative Volume Delta (CVD) entering negative territory could indicate selling pressure, possibly preventing the price from surpassing the $0.20 mark soon. Additionally, Dogecoin’s funding rate spike to 0.01% reflects a bullish sentiment among traders, hinting at aggressive long positions in the context of the Bitcoin halving.

BlockDAG’s Strategic Vesting Plan Enhances Presale Momentum

BlockDAG is making significant strides in cryptocurrency with its ongoing presale achievements and strategic financial initiatives. The introduction of a vesting period for presale purchases marks a pivotal step towards aligning investor interests with the project’s long-term vision. This approach aims to decrease market volatility by controlling the timing of coin distribution, which supports sustainable growth and investor confidence in BlockDAG.

BlockDAG has set up a substantial $100 million liquidity fund to be activated at launch to bolster its market entry. Initially, 40% of the coins will be released to investors, followed by an additional 20% monthly over three months. This structured release schedule is part of the four-month fixed vesting period, ensuring a steady market presence and stabilising prices.

The initiative is further supported by collaborations with leading market makers and exchanges, securing a solid foundation for the BDAG coin. Such strategic partnerships are essential for maintaining liquidity and providing a stable trading platform for BlockDAG’s investors right from the start.

Amidst rising anticipation from its community, BlockDAG’s latest presale batch offers coins at $0.006 each, with the potential for substantial returns. The enthusiasm is fueled by a projected 30,000x ROI, underscored by recent successful events and the unveiling of DAGpaper, reinforcing investor confidence in BlockDAG’s innovative market strategies and technological advancements.

The Bottom Line

As the Internet Computer price navigates market fluctuations and Dogecoin anticipates growth influenced by the Bitcoin halving event, BlockDAG emerges distinctly in the crypto landscape. With its strategic vesting initiatives and a presale triumph amassing over $21.3 million, BlockDAG sets a new standard for investment potential. Launching a $100 million liquidity fund and a price surge to $0.006 position BlockDAG as a formidable choice for investors, promising an unprecedented 30,000x ROI fueled by its innovative moonshot keynote and structured vesting strategy.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

2024 Cryptocurrency Trends: Experts Predict More Investments and Regulation

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With the 2024 Bitcoin halving event set to take place in April 2024, the cryptocurrency market remains a hot target for investors. In fact, the market has achieved a quarterly record-high of $2.9 trillion as of March 2024. Many attribute this achievement to the approval of Bitcoin exchange-traded funds (ETFs) in January 2024.

Another factor believed to have contributed to the growing cryptocurrency market is its increased utility. Not too long ago, these digital assets were considered speculative investments with almost no real-world value. But ever since Laszlo Hanyecz bought those two Papa John’s pizzas in Jacksonville, Florida, the crypto world has never been the same.

Now, investors not only use cryptocurrencies as a store of wealth and investments but also for decentralized finance, purchasing goods and services, and online payments to gambling sites, restaurants, stores, etc.

As a matter of fact, many top online casinos in the US and across the border accept cryptocurrencies like Bitcoin, Ethereum, and Litecoin as a mode of facilitating deposits and withdrawals, further cementing their role in the global economy. That way, more and more players are motivated to use digital assets for their speed, security, and anonymity benefits, which helps further show their role in the industry and the global economy at large.

However, as more people hop onto the cryptocurrency market, there’s a need to monitor emerging trends.

Top Trends in the Cryptocurrency Market 2024

Bitcoin ETFs Take Center Stage

Once the SEC (Securities and Exchange Commission) approved the first lot of US-listed spot Bitcoin ETFs in early January 2024, the crypto market has been on an upward trajectory ever since. This move gives investors direct exposure to these digital assets without having to buy or hold them themselves.

In other words, it’s now easier than ever to safely invest in Bitcoin – especially with the increase of dubious cryptocurrency exchanges. And as Bitcoin prices continue to hit new highs, so do the popularity and trade volumes of spot Bitcoin ETFs. As of April 2024, the most popular ETFs are:

  1. Grayscale Bitcoin Trust (GBTC) with $25.7 billion assets under management and an expense ratio of 1.50%.
  2. iShares Bitcoin Trust (IBIT) with an expense ratio of 0.12% and $8.9 billion worth of assets under management.
  3. Invesco Galaxy Bitcoin ETF ( BTCO), which has a 0% expense ratio and a whopping $367 million worth of assets under management.

Experts believe that spot Bitcoin ETFs continue to rally more investors into the crypto market, a trend many hope will continue throughout 2024 and beyond. After all, the more people gain exposure to this asset class, the more the demand and the higher the crypto market prices will rise.

More Regulatory Crackdowns

Although cryptocurrencies have become more valuable and widely used, so have the instances of crypto fraud. And with the collapse of the once-great cryptocurrency exchange platform FTX in 2022, as well as the admittance of Binance CEO of the platform’s lack of a robust anti-money laundering program, there is a need for robust regulation in the crypto space.

However, while many agree that increased crypto regulation is long overdue, experts believe excessive regulation would interfere with the decentralized nature of these digital assets. And since investors need to feel safe to trade crypto, especially with the wave of lenders, exchanges, and funds going bankrupt in the past few years, global governments need to find ways to safeguard the interests of investors without stifling innovation or the decentralized nature of these assets.

An example is the European Union’s new Anti-Money Laundering Regulation (AMLR), enacted in March 2024. These laws aim to control massive and anonymous cash transactions whose suspected origin may be illegal activity. While the transaction limits are fairly decent at €10,000 for cash payments and €3,000 for anonymous cash transactions, these new laws are expected to take effect in 2027.

Compared to China’s extreme approach of banning cryptocurrencies and imprisoning crypto executives, crypto experts hope more global governments will adopt a more balanced approach.

What To Expect: Are Ethereum ETFs Next?

With Bitcoin halving set to take place in April 2024, many investors are worried about what it could mean for their investments. Do they hold onto their Bitcoin ETFs or jump ship as they await the speculated Ethereum ETFs?

Many experts believe that spot Ethereum ETFs could be even bigger than spot Bitcoin ETFs. After all, ETH utilizes a proof of stake mechanism, which allows users to earn from their investment investors through staking. However, we will have to wait for the SEC’s ruling on VanECK’s spot Ethereum ETF, which was pushed back to May 2024.

That said, although bitcoin prices have bottomed for approximately a year before halving events and rallied on after, many believe that this year will be different. Due to institutional interest in ETFs, which have been selling seven to ten times more than the amount of BTC produced daily, BTC prices, as well as the cryptocurrency market, are expected to continue to rise.

Nonetheless, investors should keep a watchful eye on the market and the global economy while paying attention to inflation rates, regulation, and the labor market for better analysis. Perhaps the best news is that we are closer to seeing a full crypto regulatory regime than ever before.

The Comparative Advantages in Nigeria As Fuel Price Variance Emerges

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When Nigeria floated its currency along with the removal of fuel subsidy, I wrote in June 2023: ‘Nigeria’s floating of its currency, while progressive, will cause severe perturbations in the economy – and a stable state may not come as most experts have predicted… You will see state-wide comparative advantages emerge with energy cost making most northern areas less appealing for localization of “industries”’. 

In other words, over time, most states in the northern part will fade economically because variances on energy prices will make things harder for companies to locate there. That concern is now real as fuel scarcity concerns hit the nation: Nigerians are grappling with fuel scarcity and soaring prices, with costs reaching up to N2,000 per liter in Sokoto and varying across different states.” 

Here are some samples, fuel prices per liter.

  • Sokoto: N2,000
  • Abuja: N1,300
  • Lagos N800

Note the key phrase “varying across different states”; yes, prices of energy will vary significantly across the nation. 

Comment: Policy makers of yore used to have the PEF( Petroleum Equalisation Fund) to avoid the situation you just pointed out. Of course with the removal of subsidy and market forces dictating prices, the north is already disadvantaged. But labor costs will still be cheaper for industries

My Response: Good point, the NORTH will have advantages in some areas of course.