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Notable Provisions of The Upstream Unitization Regulations of Nigeria

By
Emmanuel Ifeanyi Ogbuka
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0

This article is the first in a series of articles on the upstream Nigerian Oil and Gas sector, with a focus on the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Regulations on unitization, specifically its :-

– Objectives

– Application Scope

– Hydrocarbon Discovery Notifications

– Joint Development Agreements

– Determination of Straddling Reserves.

What are the objectives of the regulations?

– The regulations are to establish rules, principles and procedures for the implementation of initiation of oil and gas from a petroleum reservoir that extends beyond the boundaries of a license or lease area to which another license or lease relates.

What is the application scope of these regulations?

– The regulations apply to licenses and leases granted under the Petroleum Industry Act, whose petroleum reservoir extends beyond the boundaries of its license or lease area, to which a different person is the licensee or lessee and a declaration of commercial discovery has been made.

What are the preliminary activities to oil discovery under the regulations?

– A licensee or lessee may in carrying out geophysical activities involving the acquisition of geophysical data within its license or lease boundary, stretch across the boundary, into any adjourning license or lease area to a distance of not more than 2 kilometers.

– The acquisition of geological data pursuant to these regulations shall be with prior approval of the NUPRC and notification to the licensee or lessee of the adjoining license or lease area.

– A licensee or lessee shall process and interpret any geophysical, geotechnical and geological data acquired pursuant to this regulation and may make available to a licensee or lessee of adjourning license or lease area the processed data or any interpretation of the data.

– A licensee or lessee shall map all geological traps in its license or lease area considered to straddle one or more adjourning license or lease boundaries with the knowledge of any other party.

What are the provisions of the regulations on notification of hydrocarbon discoveries?

– A licensee or lessee who identifies a petroleum reservoir in a geological trap in its license or lease area, which appears to straddle one or more adjoining licenses or leases, shall notify the NUPRC of such discovery within  2 weeks of well suspension or abandonment.

– The notification referred to above shall be followed by a full report within 60 days, stating certain required information for each straddling petroleum reservoir.

– Where a petroleum reservoir referred to above extends into an area which is part of a license or a lease issued to a different licensee or lessee, the licensee or lessee shall notify such other licensee or lessee in writing of the extension.

– The NUPRC shall, in writing, notify the licensees or lessees of the adjoining licensee or lessees identified in the report that the reservoir extends to their license or lease area.

What do the regulations say on the determination of straddling reserves?

– The NUPRC shall require a licensee or lessee into whose license or lease area a reservoir extends to confirm if the reservoir straddles.

– A licensee or lessee may provide confirmation required by –

a). carrying out exploratory activities, including drilling a confirmatory well , or 

b). providing a rebuttal based on existing information available to the licensee or lessee. 

– Where the licensee or lessee carry out exploratory activities, including drilling a confirmatory well and the result does not confirm that the reservoir straddles, the NUPRC shall declare the reservoir as not straddling.

– Where the result confirms that the reservoir straddles, the NUPRC shall direct the parties to enter into a unitisation agreement.

What do the regulations say on joint development agreements?

– Where NUPRC directs the joint development of a reservoir pursuant to these regulations , the NUPRC shall require the licensee or lessee to do the following –

a). enter into a pre-unitisation agreement (PUA) prior to executing a unitisation agreement, and

b). execute a unitisation agreement for the joint development of the reservoir.

– Notwithstanding the provisions of subregulation (a) above, the parties may execute a unitisation & unit operating agreement (UUOA) where the straddling reservoir is a Brown-Brown.

– The agreements under this regulation shall be subject to the approval of the NUPRC before the execution of the agreement by the parties.

Section II

This article will be looking at the provisions of the NUPRC regulations on unitization regarding the topics of :-

– Extension to areas not covered by a license or lease

– Time-frames for the execution of joint development agreements

–  Petroleum production before the execution of a pre-unitisation agreement

– The appointment of independent consultants.

What are the provisions of the regulations extending to areas not covered by a license or lease?

– Where a petroleum reservoir extends beyond the boundary of a license or lease into an adjacent area which is not covered by a license or lease and the licensee or lessee has made a declaration of a commercial discovery in relation to such reservoir,the NUPRC may –

a). require the licensee or lessee to make an application for the extension to cover the license or lease area and the commission may approve the application, where the applicant fulfills conditions prescribed by the NUPRC, or

b). conduct a bold exercise pursuant to the Petroleum Industry Act for the area not covered by a license or lease that the reservoir straddles.

What do the regulations say on declarations pursuant to a pre-unitisation agreement?

– The parties to a joint appraisal programme under a pre-unitisation agreement may make a declaration of commercial discovery pursuant to Section 78(8) of the Petroleum Industry Act.

– Where the declaration mentioned above is made, the parties may apply to the NUPRC for approval that a unit agreement is not required and submit proposals for separate field development plans.

What is the timeframe for the execution of joint development agreements?

– The parties to a pre-unitisation agreement, shall have a minimum period of 12 months to conclude and execute the agreement from the time the NUPRC directs the parties to jointly develop the reservoir as a unit.

– The initiation agreement shall have a minimum period of 12 months to conclude and execute the unitisation and unit operating agreement from the time NUPRC directs.

What do the regulations say on petroleum production before the execution of a pre-unitisation agreement?

– Where one or more parties to a pre-unitisation agreement are engaged in independent production of petroleum from their respective area before the decision to unitise the reservoirs from the area, the parties shall continue producing from their respective areas until the execution of pre-unitisation agreement.

– Notwithstanding the above, the NUPRC may order the termination of such operations until there is a pre-unitisation agreement where the commission is of the opinion that the operations may negatively affect the optimal recovery of petroleum reservoirs or the rights of other licensees or lessees.

What do the regulations say on the appointment of independent consultants?

– The NUPRC may issue a directive in writing to the licensees or lessees to jointly appoint an independent consultant to develop terms and conditions of the unit agreement, where the licensees or lessees are unable to reach an agreement within the time prescribed in these regulations.

– The terms and conditions for the appointment of consultants shall be as may be determined by NUPRC.

What are the provisions of the regulations on the modification of unit agreements?

– The parties to a unit agreement may modify the agreement, subject to the approval of the NUPRC.

Fixing Nigeria’s Illusion And Making It A Real Giant [video]

By
Ndubuisi Ekekwe
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2

Statistically, if you are supporting 5 children on a salary of $1,000 per month, you will struggle to provide them better support than someone who  supports three children on a monthly salary of $10,000. In other words, despite how prudent you could be on that $1,000 salary, there is a ceiling on that financial management efficiency.

That takes me to Nigeria where despite having 3x the population of South Africa, South Africa spends close to $100 billion more than Nigeria. To be honest,  even if Nigeria judiciously manages the $33 billion, it will struggle to catch up to deliver decent services to what South Africa does. Of course, with SUVs, yachts, etc as priorities, the “little” $33 billion does not even get into the right things. And that is the national tragedy.

Of course, this is not to say that $33b is not a lot. My point remains that Nigeria needs “effective growth” so that it can have resources to advance its citizens. Why that word “effective” before “growth”? I am not talking of just GDP growth which tracks the aggregate of production activities for finished goods, I am talking about formalizing the economy.

Nigeria does not have effective growth and that is why even though our GDP could be higher than South Africa’s, they have resources to spend more than we. Their market capitalization as a share of GDP is about 280% while Nigeria is below 30%. With that, the market cap of one South African bank can buy all the major banks in the Nigerian stock  exchange, and one South African company can use less than 50% of its value to buy every company listed in Nigeria’s stock exchange!

How do we get Nigeria back? I have shared some ideas here.

Merit-based system – no nation has advanced better than its ability to inspire, motivate and reward via merit. Without a nationally transparent merit-based system, Nigeria cannot progress.

Pragmatic Innovation – focus on what works, over the purity of scoring political goals. The implication is that we have to seek and execute the best ideas irrespective of where they may be coming. I gave an example of how the same team of Central Bank leaders who kept our exchange rate stable for years, within 2012 to 2015, blew it up later. Yes, we must allow data to work and follow the best ideas.

Honest Leadership – the citizens are smarter and can only take cues from their leaders. People willingly pay taxes when taxes work in their lives, they say. If we preach one thing and do another thing, you lose the citizens.

Integrate Rural and Urban Nigeria – we need to have a functioning postal service, to bridge the huge gap between rural and urban Nigeria. I explained how years ago, secondary school kids used to have American and European pen pals, relying 100% on NIPOST. A reliable postal service will unlock massive latent opportunities across Nigeria, from agro to arts to entertainment, in this globalizing world.

Put Rural Wealth in Nigeria’s Balance Sheet /Property Rights – those lands (subject to the land use act), houses, etc should be digitized and recorded so that even those in rural Nigeria can enter the formal economy. It is unfortunate that a man with 100 hectares is considered poor because he has no papers to share with banks, to access credits to train his kids and support his family. Simply, Nigeria must advance its property rights governance, not just in land and physical properties but also intellectual properties.

Comment on Feed

Comment 1: While what you posit is evidently true. How does a nation achieve effective growth, economic-wise? If the nation refuses to allocate the scarce resources it has in the direction of the desired growth, can she grow?

Growth believe is a two-way factor. In agriculture, water and sunlight is needed for plants to grow, but in the desert where you have abundant sunlight, lavishly allocated, plants find it difficult to grow. To grow plants in the desert, it would require a higher level of thinking to develop a controlled environment where the abundance of the sun doesn’t hinder the growth of the crop.

Nigeria’s problem is not lack of resource to engineer growth. I think we have too much. Probably more than we the citizens are aware of. That can be the only reason why our leaders will prefer to buy yachts and SUVs rather than invest in the critical sectors of the economy for tomorrow’s growth.

Comment 2: To put the gap in better context, Nigeria’s 2024 budget per capital is $165, while that of South Africa is $2,225 using Prof’s posted figures. Now you see how huge the gap is. Not adding the fact that Nigeria’s budget is hardly 70% implemented.

What I Told The Senator!

Development and Education Budget – and How Nations Rise

By
Paul Ugbede Godwin
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0

One of the indicators that can reveal the level of development of a country is the way it allocates its education budget. Education is a key factor for economic growth, social cohesion and human well-being.

However, not all countries invest in education in the same way or with the same efficiency. In this blog post, we will explore some of the aspects that determine how the education budget is spent and what are the implications for development.

The first aspect to consider is the size of the education budget. According to UNESCO, the global average public expenditure on education as a percentage of GDP was 4.8% in 2018. However, there is a wide variation among regions and countries.

For example, Sub-Saharan Africa had an average of 4.5%, while Europe and North America had an average of 5.1%. Within each region, there are also significant differences. For instance, Norway spent 7.9% of its GDP on education, while Greece spent only 3.5%. These figures reflect the different priorities and capacities of each country to invest in education.

The second aspect to consider is the distribution of the education budget among different levels and types of education. Generally speaking, countries that spend more on pre-primary and primary education tend to have higher enrolment rates, lower dropout rates and better learning outcomes. These are the foundations for lifelong learning and skills development.

On the other hand, countries that spend more on tertiary education tend to have higher innovation rates, higher productivity and higher income levels. These are the drivers for economic competitiveness and social mobility. However, there is no optimal formula for allocating the education budget. Each country has to balance its short-term and long-term needs, as well as its equity and efficiency goals.

The third aspect to consider is the quality of the education spending. This refers to how effectively and efficiently the resources are used to achieve the desired outcomes. Quality of spending depends on many factors, such as governance, accountability, transparency, management, monitoring and evaluation.

It also depends on how well the education system is aligned with the labour market and the society’s needs and aspirations. Quality of spending can be measured by indicators such as student-teacher ratio, teacher qualification, learning materials, infrastructure, student assessment, etc.

How the education budget is spent is a sign of underdevelopment or development of a country. It reflects not only the number of resources available, but also the vision, strategy and performance of the education system. A well-spent education budget can contribute to economic growth, social cohesion and human well-being. A poorly spent education budget can lead to wasted potential, social exclusion and human suffering.

Franklin Templeton’s Spot Bitcoin ETF Delayed till January 2024

By
Paul Ugbede Godwin
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0

The US Securities and Exchange Commission (SEC) has postponed its decision on whether to approve a spot Bitcoin exchange-traded fund (ETF) proposed by Franklin Templeton, one of the largest asset managers in the world. The SEC announced on Tuesday that it would extend the review period for the Franklin Bitcoin ETF Trust by another 45 days, pushing the deadline to January 26, 2022.

The Franklin Bitcoin ETF Trust aims to provide exposure to Bitcoin by holding the cryptocurrency in a segregated custodial account and tracking the performance of the Fidelity Bitcoin Index PR. The ETF would trade on the NYSE Arca exchange under the ticker symbol FBTC. Franklin Templeton filed its application for the ETF in September, joining a growing list of firms seeking to launch a spot Bitcoin ETF in the US.

However, the SEC has not approved any spot Bitcoin ETFs yet, despite receiving dozens of applications from various companies. Why is that? The main reason is that the SEC is concerned about the potential for fraud, manipulation, and investor protection issues in the Bitcoin market. The SEC believes that the Bitcoin market is not sufficiently regulated, transparent, or mature to support a spot Bitcoin ETF. The SEC also worries that a spot Bitcoin ETF may expose investors to additional risks, such as hacking, theft, or loss of access to their Bitcoin holdings.

In contrast, the SEC has recently approved several futures-based Bitcoin ETFs, which track the price of Bitcoin futures contracts rather than the underlying asset. These ETFs have attracted significant interest from investors, with the first one, ProShares Bitcoin Strategy ETF (BITO), reaching over $1 billion in assets under management in less than a week.

The SEC considers futures-based Bitcoin ETFs to be less risky than spot Bitcoin ETFs, because they rely on regulated and transparent futures markets, rather than unregulated and opaque spot markets. Futures-based Bitcoin ETFs also do not require the ETF provider to hold or custody any physical Bitcoin, which reduces the operational and security challenges.

The crypto industry and investors are eagerly awaiting the SEC’s verdict on spot Bitcoin ETFs, as they are seen as a more direct and efficient way to gain exposure to the cryptocurrency than futures-based ETFs. Spot Bitcoin ETFs would also lower the barriers to entry for retail investors, who may not have access to futures markets or may not want to deal with the complexities and risks of futures contracts. Spot Bitcoin ETFs would also create more demand for physical Bitcoin, which could have a positive impact on its price and liquidity.

However, some analysts and experts have cautioned that spot Bitcoin ETFs may not be approved anytime soon, as the SEC may want to see more regulatory clarity and oversight in the Bitcoin market before giving its green light. The SEC may also want to coordinate with other regulators, such as the Commodity Futures Trading Commission (CFTC) and the Financial Industry Regulatory Authority (FINRA), to ensure a consistent and comprehensive regulatory framework for crypto assets.

Additionally, some legal challenges may arise from the classification of Bitcoin as a commodity rather than a security, which could affect the jurisdiction and authority of the SEC over spot Bitcoin ETFs.

Future Promising Coins in November 2023 and How to Find Them

By
TI Partners
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0

The coin market is growing every day as new projects are constantly released. In particular, the coin market in 2023 recovered more than 2 trillion won in losses from 2022.

Many investors are looking forward to newly launched platforms that are expected to generate significant profits in the short and long term.

If you are looking for a promising coin for the future, take a close look at the projects covered in this guide. In this guide, we introduce projects that have high growth potential and are worth investing in. Let’s take a look at promising coins in November 2023.

Promising Coins This Year

  1. Bitcoin ETF Token (BTCETF) – ERC 20 coin closely related to the SEC’s approval of the Bitcoin spot ETF. You can maximize your profits with a high APY.
  2. Bitcoin Minetrix (BTCMTX) – A promising coin project that uses a new mechanism that allows ordinary users without special knowledge or equipment to mine Bitcoin. You can stake $BTCMTX tokens and mine Bitcoin. After pre-sale began, more than $100,000 was raised in a short period of time.
  3. Meme Kombat (MK) – A new ERC20 coin that lets you battle in the arena with meme coins. Graphics were created using cutting-edge AI technology to add vitality. A promising coin that has introduced a new model to the meme coin industry and is expected to see explosive growth.
  4. TG.Casino (TGC) – A new casino platform with a current APY of 3,395%, no KYC verification required, and fast deposits and withdrawals. It raised $150,000 in just 24 hours of pre-sale. A promising coin that has brought about innovation in the casino industry with an improved reward and profit distribution structure.
  5. yPredict – All-in-one web 3 platform with advanced coin analysis features. The coin analysis function can lower the risk of transactions and increase ROI.
  6. Launchpad XYZ – Web 3 project development platform. We provide information to help coin traders make better investments.
  7. Chimpzee – Eco-friendly blockchain platform. If you contribute to animal protection and climate change action, you can receive a native token CHMPZ.
  8. XRP20 – A project created under the influence of Ripple. It provides staking rewards and a burn mechanism.
  9. Wall Street Memes (WSM) – A new meme coin developed and released by a team with a community of over 1 million people. The pre-sale raised over $9 million in just a few weeks, which is expected to result in significant returns for token holders.
  10. Polkadot (DOT) – ‘Internet of Blockchains’ with the fastest transaction speed. Provides a 15% staking reward. The fastest blockchain internet in the space as judged by total transaction speed. It also offers the highest staking rewards available at 15%.
  11. GALA – P2E coin game where you earn NFTs and coins through game play. It provides staking-based voting with a unique governance model.
  12. Loopring (LRC) – Open-source and incentive-based coin exchange protocol. We want to create an xkRollup exchange and payment protocol on Ethereum.
  13. dYdX (DYDX) – Decentralized, low-cost, decentralized, non-custodial coin exchange with low fees. It is an innovative OTC marketplace that facilitates unlimited transactions through smart contracts.

Analysis Of Promising Future Coins By Experts

Below, we introduce the promising coins in 2023 in detail. Let’s closely check information on promising future coins and find good investment opportunities to achieve notable profits this year. You never know. Couldn’t the promising coin I invested in generate profits exceeding 1,000 times?

1. Bitcoin ETF Token – A promising future coin that can maximize profits with an APY of over 10,000%

Bitcoin ETF Token ($BTCETF) is a promising coin that has increased growth potential by smartly leveraging the SEC’s approval of the Bitcoin spot ETF.

Once the approval of the Bitcoin spot ETF, a hot potato in the coin market, is confirmed, a bull market is expected to open in the coin market. Accordingly, overall coin growth is expected, and Bitcoin ETF tokens are also expected to grow under this influence.

In addition, Bitcoin ETF tokens provide rewards to investors based on the progress of Bitcoin spot ETF approval. Bitcoin ETF token rewards

  • When $BTCETF token trading volume reaches $100 million,
  • When the first Bitcoin ETF was approved,
  • When the first Bitcoin ETF was launched,
  • When the total assets of all Bitcoin ETFs reach $1 billion,
  • When the Bitcoin price exceeds $100,000

Bitcoin ETF tokens also have high staking APY. Staking APY is 10,000% in the early stages of pre-sale and decreases as more tokens are staked.

Bitcoin ETF token investors can maximize profits through Bitcoin spot ETF progress and staking APY.

Bitcoin ETF tokens are currently undergoing pre-sale. The pre-sale consists of a total of 10 stages and the selling price increases as the stage increases. The pre-sale price for the first stage is $0.005, and the pre-sale price for the last stage 10 is $0.0068.

Of the total token supply of 2.1 billion tokens, 840 million tokens, or about 40%, have been allocated for pre-sale, and 84,000 tokens will be sold in stages. 525 million tokens were allocated to staking rewards and 210 million tokens to liquidity pools.

25% of tokens are burned whenever a milestone related to the Bitcoin spot ETF is achieved. The burn tax on transactions is 5%, and this also decreases as each milestone is achieved.

More detailed information about Bitcoin ETF tokens can be found on Twitter, Telegram, and whitepaper. In particular, Bitcoin spot ETF information is updated in real-time on Twitter and Telegram.

Hard Cap $4.956 million
Presale Token Quantity 840 million tokens
Blockchain Ethereum Network
Token Type ERC-20
Means Of Purchase USDT, ETH, BNB, MATIC, card

Visit the Bitcoin ETF Token website

2. Bitcoin Minetrix – A Promising Coin Project That Allows You To Mine Bitcoin Without Any Special Knowledge Or Equipment

Bitcoin Minetrix ($BTCMTX) introduced a new paradigm called stake-to-mine to the coin market. On the Bitcoin Minetrix platform, you can mine Bitcoin without any special knowledge or equipment.

You can mine Bitcoin by staking $BTCMTX, the native token of Bitcoin Minetrix. To mine Bitcoin, you only need to prepare a minimum investment of $10.

Additionally, a mobile app is scheduled to be released soon, making Bitcoin mining easier and faster. You can check key daily, weekly, and monthly metrics on the integrated dashboard.

In addition to being able to easily mine Bitcoin, Bitcoin Minetrix has the advantage of being eco-friendly. This is because it uses the Ethereum blockchain, which has less environmental pollution and is cheaper.

The total token supply is 4 billion tokens, of which 2.8 billion tokens are pre-sold. The pre-sale is conducted in a total of 10 stages, and the token sale price in stage 1 is $0.011, and in stage 10, it is set at $0.0119.

To purchase tokens in the presale, you must have a compatible Web 3 wallet. Tokens can be purchased with USDT, ETH, and BNB.

More information about Bitcoin Minetrix can be found on Twitter and  Telegram.

Hard Cap $32,000,000
Presale Token Quantity 2,800,000,000 tokens
Blockchain Ethereum Network
Token Type ERC-20
Means Of Purchase USDT, ETH, BNB

 

Visit the Bitcoin Minetrix website

3. Meme Kombat ($Mk) – Coin Combat Platform Where You Can Enjoy Real-Time Battles With Meme Characters

Meme Kombat ($MK) is a promising coin expected to see explosive growth. Meme Kombat is different from other meme coins. It boasts a unique model of collecting meme coins to conduct battles and make profits.

In Season 1, Doji, Floki, Baby Doji, Milady, Kishu, Mong, and Pepe. You can battle with Pepe 2, Shiva, Sponge, and Wojack coins. As the season progresses, the way the battle progresses improves, and the number of coins available increases.

The method of generating profits by conducting battles with meme coins is expected to attract a lot of attention from coin investors thanks to the popularity and growth of meme tokens. This is because, in Mim Kombat Arena, you can battle with Mim Coins that have numerous online followers.

The meme to be used in the battle is randomly selected by AI, and battle participants can participate in the battle by checking scheduled events and examining their stats. The meme graphics used in meme battles are rendered by advanced AI to make the battle more vivid while maintaining the existing characteristics of the meme.

Meme Kombat put a lot of effort into its visuals. This is because whether a meme is popular is determined by how good the quality of the meme is.

The advantage of Meme Kombat is that it provides a high APY of 112% and its reliability has been proven by completing a smart contract audit. But what’s even better is that the founder has made his LinkedIn profile public, making it public. This is not common in the coin industry.

The total token supply is 12 million tokens, of which 6 million tokens are used for pre-sale. The pre-sale price is $1.667 and the hard cap is $10 million. Presale tokens can be purchased with USDT, BNB, and ETH, and are available through 7 major Web 3 wallets.

More information about Meme Kombat can be found in the white paper, Telegram, and Twitter.

The return on meme combat predicted by experts is 10 to 100 times.

Meme Kombat is a promising coin that will grow significantly in 2023. The creative idea of ??collecting all meme coins on one platform will attract the attention of investors seeking high risk and high returns.

Hard Cap $10,000,000
Token Total Supply 12,000,000
Presale Token Supply 6,000,000
Blockchain Ethereum Network
Token Type ERC-20
Minimum Purchase Quantity 100 tokens
Means Of Purchase USDT, ETH, BNB

Visit the Meme Kombat website

4. Tg.Casino – A New Casino Platform Operated On Telegram That Does Not Require Kyc Verification And Boasts A High Rate Of Return Of 3,395% APY

TG.Casino ($TGC) is a promising coin casino platform that can be accessed directly from Telegram. There is no need to verify KYC, register an account, or log in with an email to use TG.Casion. Even deposit and withdrawal speeds are fast. It brought about innovation in the online casino market in terms of user and market accessibility.

Telegram is the world’s largest messenger app and is especially widely used by coin investors. In other words, if you use Telegram as a means of operating a coin, there is no need to set a separate target or provide much explanation about the use of the coin.

If you have coins and a Telegram account, you can deposit, play games, and withdraw immediately at TG.Casino. There is no need to download any other software.

TG.Casino not only introduces a new model to the market but also has the advantage of operating 100% legally. TG.Casino is licensed and based in Curaçao. You can enjoy hundreds of games and over 30 sports on the platform.

The pre-sale APY is very high at 3,395%. However, a better source of revenue is the casino model. A portion of casino profits are reinvested through token burning to increase the value of $TGC. In other words, the casino does not unilaterally pay profits to users. User participation affects profits.

The pre-sale token supply is 40 million tokens, which is equivalent to 40% of the total token supply. The pre-sale price is $0.125, and the hard cap is $5 million. In the pre-sale, various Web3 wallets are available and tokens can be purchased with UDST, BNB, and ETH.

More information about TG, Casino can be found on Telegram, Twitter, and whitepaper.

Hard Cap $5,000,000
Token Total Supply 100 million tokens
Presale Token Supply 40 million tokens
Blockchain Ethereum
Token Type ERC-20
Minimum Purchase Amount 100 tokens
Means Of Purchase USDT, ETH, BNB

Visit the TG.Casino website

5. Ypredict – Coin Analysis And Trading Platform That Allows You To Use User-created AI Price Prediction Models

yPredict is an all-in-one coin analysis platform that uses AI to provide valuable information to users. Through the information provided by yPredict, users can find profitable trading options and generate high profits.

The goal of the platform is to provide users with promising future coin trading information by building a reliable coin price prediction ecosystem.

Monthly subscription fees for the platform are paid with the native token, $YPRED. If you subscribe to the yPredict service, you can check data-based insights through an artificial intelligence-based prediction model.

You can earn tokens by solving coin quizzes or playing P2E games on the platform. Additionally, tokens are awarded for creating AI-based price-prediction models. The entire system operates on the Polygon blockchain, enabling fast transaction speeds and long-term operation.

A pre-sale for $YPRED tokens is currently underway, and tokens can be purchased at a low price during the pre-sale period. The pre-sale amount raised so far is $2.5 million. The token sale price in the final stage of pre-sale is $0.12. yPredict can be purchased at a low price and has great growth potential. Not only that, it offers many more benefits.

By using the various AI-based functions provided by yPredict, you can grow into a coin investor who consistently earns profits.

Presale Start Date Q1 2023
Means Of Purchase MATIC, ETH, BNB, USDT, credit cards
Chain polygon
Minimum Investment Amount 200YPRED
Hard Cap $6,500,000

6. Launchpad XYZ – Web 3 Dashboard With Everything You Need For Coin Trading

Launchpad XYZ is a new Web 3 coin analysis and trading platform. Coins are highly volatile and have many regulations and other issues to consider, making it difficult to explore investment opportunities.

Launchpad’s main goal is to provide traders and investors with great coin and NFT investment opportunities through versatile tools.

Users can use the tool to view ongoing presales, minting opportunities, and time-critical trading options.

Launchpad analyzes the market in real-time and provides users with coin price data, NFT market data, new token pre-sale information, and opportunities to enter the latest Metaverse platform.

Additionally, it provides a decentralized token exchange and a built-in NFT marketplace, allowing users to conclude transactions immediately.

Launchpad XYZ provides all important information in one dashboard. All functions can be used with the native token $LPX. Token holders can enjoy various benefits such as token trading and staking.

As it is a new platform that has never existed before, it is a promising coin whose value is expected to increase by 2025 if successful. If you visit the official Launchpad XYZ website now, you can purchase $LPX tokens at a low price during the pre-sale period.

Hard Cap $12,500,000
Total Token Amount 10 billion
Blockchain Ethereum
Token Type ERC-20
Presale Token Quantity 250 million tokens

7. Chimpzee – An Eco-Friendly Coin Where You Can Be Rewarded With Tokens For Contributing To Animal Protection

Recently, there has been a growing movement to solve environmental and social problems by combining positive influence with coins. Chimpzee was born as part of this movement. Chimpzy is an eco-friendly coin project to save endangered animals around the world.

Unlike other platforms that give tokens for playing games, Chimpzy provides rewards when users contribute to eco-friendly projects.

Users can use a variety of Shop to Earn, Trade to Earn, Play to Earn options and an NFT marketplace at Chimpzy Shop. All mechanics run the native coin CHMPZ and ChimpZ passport holders can get more tokens.

The Chimpzy platform plans to launch an AI-based mobile app. Avatars created with the mobile app can be used on the Chimpzy passport.

CHMPZ token presale is currently underway. If you invest now, you can receive bonus coins and other exclusive benefits. Chimpzy Diamond NFT Passport is the most valuable reward, but pre-sale quantities are limited.

If you do not purchase now, the token sale price will increase upon listing. Chimpzy is one of the promising coins.

Token Symbol CHMPZ
Token Total Supply 200 billion tokens
Presale Token Quantity 40 billion tokens
Chain Ethereum
Means Of Purchase ETH, USDT, credit card

 

8. Wall Street Memes – New Meme Coin With A Community Of Over 1 Million People

Wall Street Memes ($WSM) will be the next meme trendsetter. There is already a huge community supporting Wall Street Memes.

The platform was developed by Wall Street Bulls. Wall Street Bulls is the same Reddit community that put the world’s largest hedge fund out of business during the 2021 game stock incident.

Wall Street Bulls launched the Wall Street Bulls NFT Collection, raising over $2.5 million in 32 minutes.

Wall Street Memes raised millions of dollars shortly after the presale began, with a total amount raised of $10 million at the end of the presale. As the community is strong, it is expected to grow even more in the next few months, and it can be said to be a meme coin with a high investment value.

The Wall Street Memes community is already famous online. In particular, it is well known that Elon Musk mentioned it on Twitter. If you also mention Elon Musk or the $WSM token, the value of the token can increase 1,000 times in just one day.

Unlike other meme coin startups, Wall Street Memes is designed according to the highest industry standards. We planned to maintain token value for a long period of time by limiting dumping through reasonable token distribution and allocation.

If you invest in Wall Street Memes now, you have a chance to win $50,000 worth of $WSM tokens. Even if you invest later, it is expected that you will be able to earn a large profit by the end of 2023. You can learn how to purchase coins in the Wall Street Memes Buying Guide.

Hard Cap $30,577,000
Presale Token Quantity 1 billion tokens
Blockchain Ethereum
Token Type ERC-20
Means Of Purchase USDT, ETH

Visit the Wall Street Memes website

9. Polkadot (DOT) – The Fast Network That Ties Together Web 3

Polkadot (DOT) is a protocol designed to facilitate data transfer between blockchains, and is called the ‘Internet of blockchains’. Polkadot’s multi-chain ecosystem is designed to be fast and scalable.

By implementing Polkadot’s 1,000 tps asynchronous backup upgrade, you can increase the speed from 100,000 tps to 1,000,000 tps.

If it reaches 1,000,000 tps, it will become the world’s fastest blockchain. Bitcoin’s maximum tps is about 7, and Ethereum’s current tps is 12. In the coin world, 1,000,000,000 tps is a huge number. There is no coin that has reached 100,000 tps.

There are over 570 projects built on the Polkadot network. Polkadot also provides staking rewards of approximately 15%. There are few high-quality networks that offer this much staking rewards. Solana and Algorand’s staking rewards are good at around 7%, but they don’t compare to the 15% APY.

DOT is currently selling for $5. The growth potential of DOT is that Polkadot offers the highest staking rewards, has excellent use cases for interoperability, has the potential to be the fastest blockchain in the world, and has over 570 projects already using its network. appears to be high. DOT can be purchased on all major exchanges.

10. Gala – A Platform Where You Can Earn NFTs and Coins Through Games

Gala is a project suitable for game enthusiasts. GALA tokens are used on a platform designed for blockchain gaming. Players using the platform can exchange cottonized in-game assets on the Gala Marketplace.

This is because Gala games can be played through NFTs. Additionally, Gala Games’ special governance model supports users to create attractive titles through staking-based voting.

The player-owned node network is the foundation of the Gala gaming ecosystem. Users run Gala nodes on their personal computers. All games are tested on the Coin Discord community. Gala tokens are used to purchase in-game items, exchange currency, and stake.

All in-game items are owned by the player. The Gala platform also has sections dedicated to movies and music, as well as a metaverse.

11. Loopring (LRC) – Open Source And Incentive-Based Trading Protocol

The Loopring platform develops user-facing solutions, infrastructure, and protocols. The goal of the project is to create the best zkRollup transaction and payment protocol on Ethereum. Loopring targets users around the world.

According to the Loopring white paper, Loopring has increased scalability while maintaining security. Loopring’s zkRollup throughput is up to 2,025 tps. This is about 1,000 times more than Ethereum.

Loopring protocol is based on the LRC token. LRC token holders receive 70% of the collected fees. An additional 20% is paid to Loopring DAO. 10% of the fee is burned.

Loopring recently signed a partnership with ProtocolGemini, a coin development studio. The studio plans to use the Web 3 gaming protocol, including Metaverse and playable NFTs.

12. dYdX (DYDX) – Low-Cost Perpetual Options Trading Platform

dYdX (DYDX) is the best new coin for investors interested in perpetual options trading on the blockchain. The dYdX exchange is an OTC marketplace that facilitates perpetual option trading and uses smart contracts.

dYdX is a non-custodial exchange and also supports margin trading. The platform supports many cryptocurrencies and does not charge fees for perpetual options trading and margin trading. The minimum deposit is $10, and KYC verification is not required.

They also created a governance token, DYDX, to allow the community to control layer 2 protocols. The dYdX community allows partners, traders, and liquidity providers to collaborate and manage the protocol through shared control. The goal of the dYdX exchange is to provide traders with the safety of a DEX with the speed and convenience of a CEX.

Is It Worth Investing In This Year’s And Future’s Promising Coins Introduced In This Guide?

The answer is of course ‘yes’. Most of the platforms introduced in this guide are currently in pre-sale or have recently been released. In other words, the token price is low.

Of course, there is no guarantee that the platform you invest in will grow significantly. However, since it is a coin that has just been released, it is worth investing in.

Almost all coins increase in value when they are listed. However, the next large coin appears to grow gradually.

Predicting Future Promising Coins – Step-by-Step Guide

It is not difficult to predict coins with growth potential. However, this only applies if you know exactly where to investigate.

There are already thousands of coins on the market, and as many coins are released every day, finding coins with high growth potential requires thorough research and a deep understanding of blockchain technology and the coin market.

You can find promising coins in 2023 by referring to the method introduced below.

Find information on social media

You can check accurate coin news in real time on social media channels such as Twitter and Reddit. Most coin platforms have designated subreddits, where thousands or more users share their experiences.

Therefore, it is good to find coin-related data, such as new projects, on social media channels.

Check ICO

ICO stands for Initial Coin Offering, which means initial coin offering. The process that most coin startups go through to raise funds needed for project development is ICO. Investors buy tokens at a discount in an ICO and sell them later when the price rises.

Most of the current major coins were initially just digital tokens with no value. However, it exceeded expectations and brought great profits to investors. However, many new coins turn out to be scams, so you should research every source you can to find a good ICO coin.

Check out Coin News Daily

Checking the latest coin news every day is also a good way to find promising future coins.

By checking the latest coin news, you can find promising future coins with high growth value, and do not miss out on good investment opportunities.

Another Way To Find Promising Future Coins

There are other ways to find promising future coins. The best way is to join an active coin community such as Discord, Twitter, or Telegram. In this community, you can check new coin IEO information and the latest coin news.

It is also a good idea to create an account at a famous coin exchange that conducts IEO, such as CoinGecko, MEXC Global, or Uniswap.

You can also check the latest IEOs on coin platforms such as Wipredict and Dash2Trade, and use AI solutions to predict coin prices.

Other popular investment platforms allow you to copy-trade whale investors by paying a fee. Copy trading is a trading method that lowers risk and increases profits.

It is also a good idea to carefully look at pre-sale coins that are good for investment. In the pre-sale, most tokens can be purchased at a discounted price. If you purchase tokens at the beginning of the pre-sale, you can earn at least 200% profit when listed.

Most early investors in newly launched coins made profits of more than 100 times. However, before investing, you must analyze the platform white paper to check whether the project follows industry standards.

The best way to profit from the coin market

You can make quick profits in the coin market. However, you can quickly earn a lot of profits only if you know good investments. In general, the best way to make money is day trading. However, day trading requires a good understanding of the coin market, so it is not a useful option for novice investors.

You can also make money through token staking, play-to-earn games, and giveaways. Staking is the most preferred method for coin traders and is available on many coin platforms.

Meanwhile, the play-to-earn method is popular in the coin market. This is because when you play video games, you can earn profits by receiving rewards in coins, so you can kill two birds with one stone: fun and profit.

There are many ways to make money with coins. However, if you want to earn high profits, it is best to invest in new coin projects during the pre-sale period. You can earn high profits by purchasing tokens at a low price in the pre-sale and selling them when the token value is high.

Conclusion

In this guide, we covered promising coins in 2023 in detail. There are coins that are good for short-term profits, and there are also coins that require long-term profits.

In addition to the information provided in this guide, we recommend that you use the results of your own research on promising future coins for investment. You should always keep in mind that the coin market is highly volatile.

Among the promising coins in this guide, the most recommended coin is the Bitcoin ETF token. Rewards are paid depending on the Bitcoin spot ETF approval status, and with an APY of over 10,000%, it is a good coin to purchase with a solid reward metric.

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