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The BEST New Resolution Is Making Sure It’s Not Necessary!

By
Ndubuisi Ekekwe
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1

I do not believe in new year resolutions. Yes, it is an illusion to think that switching of a digit from 2023 to 2024 will deliver a new outcome, when you have not investigated, and resolved, to fix and deepen what matters: processes. One of the greatest victories in life is the victory over time, and that time is allocated to all of us, equally (24 hours in a day). Time, even in its limitless form, is the most scarce resource out there. Until you can win over it, via your processes, you cannot resolve your future.

Leave new year resolutions, focus on resolving your daily and weekly non-optimal processes. Buy an exercise book. Every Sunday night, take 10 minutes to list important things you want to get done in that week. Then every night before you go to bed, or if you prefer, early in the morning, list important tasks for the day. As the days go and the week passes, cross-out the completed ones. Keep optimizing those processes, keep improving on how you execute the tasks, and track these two indicators: quality and speed.

In most things in the professional domain, those who can deliver high quality outcomes at the shortest time thrive. So, you must keep improving your processes while reducing the time required to execute tasks.

If you blog, how can you take 30 minutes to put that content over 2 hours without loss of quality? If you send a management report, how can you beat the deadline with high quality results, and demonstrate that you are ready for more responsibilities? Those simple resolutions will make the mountain-size new year resolutions irrelevant.

Happy new year ahead, and make new year resolutions unnecessary by constantly resolving your processes.

El Salvador Retains Top Spot in Bitcoin’s Interest by Region

By
Ojukwu Emmanuel
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0

In recent data from Google Trends, Central American country El Salvador has retained the top spot in Bitcoin’s interest by region, as the country intensifies investment in the crypto asset.

El Salvador is followed closely by Brazil and Nigeria, occupying the top three positions of countries with the most interest in Bitcoin.

El Salvador’s dominance as the top country with Bitcoin interest is largely attributed to the country’s solidification of Bitcoin investments, into its economic framework.

A notable stride to the country’s Bitcoin investment can be seen when the government under the leadership of Bukele Nayib, on December 8, 2023, introduced a citizenship-by-investment program as part of its digital economy expansion drive.

The El Salvador government, in partnership with stablecoin issuer Tether, launched the Freedom Visa-a citizenship-by-donation program that grants residency and a pathway to citizenship for 1,000 people willing to put down a $1 million Bitcoin (BTC) or Tether (USDT) donation toward the country development.

Announcing the launch of a freedom visa, the country wrote on its official site,

“Experience Freedom, Security, and a Bitcoin lifestyle by adopting El Salvador as your home. El Salvador has been reborn as the land of economic liberty. But this is just the beginning. Come help us build the future you want to see. The Freedom Visa has the technological support of Tether UsDT 0.0%, my current employer. The fees of the program can be paid in BTC or the stablecoin USDT”.

The country’s adoption of a visa program announced in collaboration with stablecoin issuer Tether, aims to grant citizenship to wealthy foreign investors. To be eligible, participants must commit $1 million in Bitcoin or USDT investment with an additional $999 non-refundable deposit counting toward the total investment.

El Salvador intends to push this innovative approach to using cryptocurrency investments to attract investors seeking citizenship and rebuild the country’s economy. The expected gain for the citizenship-by-investment program is predicted to generate up to $1 billion if fully subscribed, and will also transform El Salvador into a critical revenue stream comparable to other countries with similar initiatives.

Despite the high costs of its citizenship-by-investment programs, the Central American country is an attractive market for crypto investors due to its pro-Bitcoin initiatives. Recall that the country’s President Nayib Bukele made headlines after he announced Bitcoin as a legal tender and provided tax breaks on income and capital gains for tech firms that invest in the country over the next 15 years.

After Bitcoin hit a new all-time high of $41,000 this year, President Bukele revealed that the country’s investment in Bitcoin is currently in profit.

He further disclosed that with the current Bitcoin market price, if the country is to sell its Bitcoin investments, it would not only recover 100% of its investment but also make a profit of $ 3,620 277.13 USD. He however noted that there is no intention to resell, as it has never been the objective.

Meanwhile, Bukele’s stance on holding Bitcoin as part of a long-term strategy is consistent with the country’s leadership vision to integrate cryptocurrencies into its economy. The Central Africa Republic (CAR) is the only country that has so far followed El Salvador’s footsteps in adopting Bitcoin as a legal tender.

Re-Commerce Marketplace Soum Raises $18 Million in Series A Funding to Scale Operations in MENA Region

By
Ojukwu Emmanuel
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0

Saudi Arabia-based Re-commerce marketplace that specializes in second-hand products, Soum, has raised $18 million in series A funding as it plans to scale its business in the Middle East and North Africa (MENA) region. (Recommerce is the selling of previously owned items through online marketplaces to buyers who reuse, recycle or resell them)

The funding round was led by Jahez, with participation from Isometry Capital along with existing investors, which include Khwarizmi Ventures, Alrajhi partners, and Outliers venture capital.

According to the company, the latest funding will accelerate its expansion regionally, as well as beyond its core vertical of secondhand electronics in which it enjoys market leadership in Saudi Arabia where it is based.

Also, with the addition of high-value categories of secondhand products, Soum will enable users to sell products ranging from collectibles to automobiles, tapping a combined $40 billion market.

Speaking on the funding round, Co-Founder and CEO of Soum Fahad Al Hassan said,

“The success of this funding round is a testament to the dedication of our entire team. With the backing of the region’s leading investors, we are excited to kick off our next stage of growth, while continuing our mission to transform how customers buy and sell online.

“We are expanding into different geographies and are looking at the whole MENA region. We have also started testing new categories to fulfill our vision of being a place where you can sell everything from phones to automobiles. We want to make buying and selling easier and accessible to everyone”.

It is worth noting that the global secondhand market is growing rapidly. Secondhand electronics, in particular, is growing at more than 10% annually, driven by an increasing consumer price sensitivity and longer hardware lifespan. Yet despite the global trends, the user experience for buying and selling a secondhand product remains challenging for MENA users.

With the Series A funding, Soum is poised to tackle customer pain points and offer a solution that is an order of magnitude better than any other substitute.

Founded in 2021, Soum is a platform connecting millions of customers with a diverse collective of individual and small business sellers offering convenient and trustworthy access to over 14,000 listings from 150+ cities in the MENA region.

The startup emerged from stealth in March 2022, with $4 million in seed funding led by Outliers Venture Capital and Mazen Aljubeir. Eight months after its launch, Soum was already processing millions of dollars of annualized sales.

Sound is on a mission to reimagine commerce in the MENA region, with the building of the most convenient, trustworthy, and transparent re-commence marketplace, starting with consumer electronics in Saudi Arabia.

Is Everlodge (ELDG) the Next Big Thing? Tron (TRX) and Apecoin (APE) Investors Think So

By
TI Partners
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0

Everlodge (ELDG) has surged by 170% as investors flock to grab discounted tokens during an ongoing presale event. Such an incredible surge in value leads many to speculate that Everlodge (ELDG) could be the next project to 100x in value. Interestingly, holders of Tron (TRX) and Apecoin (APE) are swapping out their holdings for ELDG before the next price rise. Let’s take a closer look at this up-and-coming DeFi project.

Everlodge (ELDG): Forecasting 3,000% Gains

Described as “where Airbnb meets Web3,” Everlodge is set to disrupt the real estate market by offering fractional vacation home ownership via advanced NFT technology. Just $100 can give you a slice of the booming $82 billion global vacation property market.

This approach opens up a new world of possibilities for those who wish to invest in real estate but can’t afford its high costs. With Everlodge, the investment is decentralized, transparent, and accessible to anyone with an internet connection. The best part is that you can even receive passive income as a return on your investment.

Another talking point of the Everlodge platform is the Launchpad feature. Here, developers get access to a pool of investors looking to fund new real estate projects, while investors get exclusive deals. This creates a win-win situation for all parties.

The ELDG token is the fuel that powers the platform, and it’s currently being offered at a discounted rate of $0.027 during the eighth presale phase. This price is set to rise at the end of each phase, so the earlier you invest, the better your potential gains.

Holders of the ELDG token enjoy discounts on property purchases, lower transaction fees, reduced maintenance costs, and staking rewards. Additionally, they receive rewards such as complimentary stays at Everlodge properties, which they can use or monetize.

The $280 trillion global real estate industry faces high entry barriers, a lack of liquidity, and limited investment opportunities. This has led analysts to believe that the innovative approach offered by Everlodge could potentially disrupt this market, with 3,000% gains expected on launch day.

Visit Everlodge

Does Tron (TRX) Have a Future?

Tron has climbed from $0.065 this spring to a peak of $0.1127 in November as the crypto market awakes from its slumber. While the current price of $0.099 represents a small correction in the last month, it is still a 100% gain since 2023 began.

However, while the recent price performance is encouraging, Tron is still below the 2018 high of $0.30. Plus, the current market cap of $8.80 billion leaves little upside room compared to other popular cryptos tackling real-world problems.

This limited growth potential and no high for six years has caused some Tron holders to jump into the Everlodge presale for greater potential gains. Everlodge has a current market of $21.60 million, which is a tiny fraction of the $280 trillion market it is targeting.

Technical analysis shows that the $0.11 level is the next resistance to break if Tron is to continue its recent upward trend. Should a move occur, the 2021 peak of $1.80 looks like the most obvious target to aim for.

Apecoin (APE): Understanding Its 96% Price Fall

ApeCoin was temporarily the talk of the town in 2022 amid the sharp rise in the Bored Ape Yacht Club (BAYC) NFT collection. However, with the bear market taking its toll on the NFT market, ApeCoin’s price has fallen 96% to the current price of $1.61.

The ApeCoin token was designed to have high utility within a thriving ecosystem. However, this utility has yet to take fruition, and the hype around the BAYC brand has waned to new lows. In fact, the floor price for the NFTs has fallen below 26 ETH from a high of 152 ETH.

Technical analysis of the ApeCoin chart shows that the strong resistance sits at $2 and $4, while the support levels lie at $1.50 and $1. The current price of $1.61 represents a 60% gain since the October low.

ApeCoin holders are taking this opportunity to sell their tokens and diversify into other projects with more potential for growth. Everlodge is one of the top choices for these investors, as it has rallied 170% in recent months and will keep rising until the presale event is over and launches on exchanges.

The Toshiba Lesson As It Gets Delisted After 74 Years

By
Ndubuisi Ekekwe
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1

On Wednesday, Toshiba, one of Japan’s most prominent companies, was delisted from  the Tokyo exchange, after 74 years. Three things dislocated Toshiba: accounting malpractices, corporate governance and bad luck. Yet, when I look at Toshiba, I look at GE.

When GE sold GE Capital, I wrote that it was a very strategic mistake because GE Capital was a double play which powered the whole group, and by selling the financing arm, GE imperiled the capacity of its one oasis to return value to the business: “The summary here is that GE did not know that GE Capital was its double play for shipping those hardware solutions. Even if it was not making money via GE Capital, GE Capital was critical for most monies GE Power, GE Healthcare and other units were making. “ 

For Toshiba, it was the bankruptcy of Westinghouse Electric when the planned construction of a nuclear power plant vaporized. To remain in business after that episode, Toshiba sold off its multi-play businesses like mobile phones, medical systems, large appliances and broad white goods.

But with the plays gone, where do you expect the profits? No place. And over time, Toshiba faded.  Nonetheless, it may not be over for Toshiba: “Earlier this year, the company confirmed it would be taken over by a group of Japanese investors led by state-backed Japan Investment Corp (JIC) for $14bn. It’s not clear how the new owners plan to turn around Toshiba but its outgoing chairman has said high-margin digital services will be a focus.”

From Nokia to Toshiba and everything, markets do not respect brands blindly. Only great products or services do customers respect. If you do not deliver them despite any prior heritage, you will struggle. That is what has happened here. And if we go back to GE, it is back to that old heritage, helping customers buy its products, and it is doing better again. And you will wonder: why did it even leave what was working? Leadership! It defines everything in companies and nations – and we must learn from it.

Now, it seems GE is coming back to that root: help customers buy things by making solutions more affordable. Yes, Access Bank and GE are partnering to help institutions acquire GE Healthcare solutions in Nigeria: “Access Bank and GE Healthcare  are to provide sustainable healthcare equipment financing to private healthcare providers”. GE must have negotiated better interest rates for these customers which none could have gotten directly with Access Bank.

The summary: we must innovate if we hope to thrive in markets, and as that innovation happens, we must measure to know what works, and does not work, so that we do not in the name of restructuring kill the heart of our business.

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