Stellar Price’s Cosmic Rise Alarms XRP — Is Signuptoken.com’s 360° Act Enough?

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August 19, 2023

Stellar price actions and celestial developments have unfurled within the crypto cosmos in August. From Signuptoken.com’s (SIGN) 360° move to initiate a presale round to XRP’s monumental triumph against the SEC, and Stellar’s soaring into double-digit prices, the altcoins rode the bullish wave with splendor. Now, the crypto sphere ponders: Can Stellar (XLM) ever dim the thrills and successes of XRP? And, could SIGN ever rub shoulders with the giants?

Stellar Price Soars as XRP Triumphs with Victory

In a cosmic turn of events, Stellar Lumens has taken flight, embarking on a stellar journey that led to a remarkable price surge. As the crypto galaxy witnessed this astral ascent, optimism reverberated among investors. Meanwhile, XRP emerged victorious, celebrating a triumphant rise in the arena.

Investors Embrace Stellar’s Momentum

Stellar’s astronomical leap came amidst a minor crypto rally, with investors seeking solace in cryptocurrency’s resurgent optimism, adoption, and development. The Stellar price, and overall market valuation, defied gravity by surpassing the 20-day and 50-day Exponential Moving Averages (EMAs). The winds of renewed bullish momentum propelled Stellar bulls, setting their sights on the future resistance zone near $0.20.

Amidst Stellar’s astral ascendancy, its blockchain has been abuzz with activity. At present, the crypto-sphere eagerly awaits its Soroban Mainnet launch. Expected to arrive this fall, this fresh advancement will focus on financial building blocks, data access tools, and user interfaces.

XRP’s Victory

Ripple and its native cryptocurrency, XRP, found its fortune intertwined with positive developments related to its battle with the US Securities and Exchange Commission (SEC). This legal imbroglio has been going on for almost three years, which finally, albeit partially, concluded last July 13th. At present, a few dips and more rises for over $1 billion in trading volumes offered a glimmer of hope for XRP as a whole.

Ripple’s win has indeed managed to awaken the altcoin season, where coins such as XLM were seen riding the bulls. As such, Stellar harbors hopes of carving its own path to prominence. Yet, with Ripple’s recent partnership announcement with the Republic of Palau to trial a XRPL-based stablecoin, XRP’s adoption is poised to grow further. So while XLM is likely to see further adoption and may climb the market cap leaderboard, overtaking XRP remains a challenging task.

Which New Altcoin Is Generating Traction in the Crypto-verse?

July has surely seen established tokens like XLM and XRP soar to new heights. Yet, beyond the stellar performances of these giants, the emergence of new altcoins is catching the eye of the crypto community.

Step into the realm of Signuptoken.com, where the innovative Millionaires Club and its 360° pivot to a presale journey have sparked nods from an ever-growing community.

The Nascent Signuptoken.com and Its 360° Pivot

Signuptoken.com has embarked on a journey with a groundbreaking 360° pivot that has ignited excitement throughout the crypto universe. Initially, SignUp Token took a stance against having a presale. Originally stepping away from any ICOs (initial coin offering), SIGN fervently invites its investors to rub elbows with the crypto mavens and elites via the Millionaires Club. This has left the crypto community wrapped in excitement, hope, and suspense all at once.

However, like a shooting star charting a new course, SIGN took a celestial decision. The revelation emerged: Signuptoken.com’s presale round is now on the horizon, offering opportunities to early adopters. The thrill of securing $SIGN tokens at its most favorable price point has ignited a frenzy among investors. Inarguably, this nascent force aims to leave an indelible mark on the crypto universe, and the presale serves as the gateway to its destiny.

Amidst an alignment of stars and prevailing optimism, the crypto universe eagerly anticipates the trajectory of Stellar price and the impact of XRP’s rising influence. Curiosity extends to nascent altcoins like Signuptoken.com, as their fate may be influenced by these crypto forces. Indeed, galactic excitement abounds as the crypto-verse braces for celestial shifts and remarkable journeys that lie ahead.

For All Things Signuptoken.com:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

Join Tekedia Capital, and Geography- and Currency-diversify Your Wealth

By

Ndubuisi Ekekwe

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August 19, 2023

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The next cycle of Tekedia Capital begins next month. We’re bringing companies from Guinea (a country in West Africa), United States, Nigeria, Canada, etc to ensure that you are geography- and currency-diversified. At Tekedia Capital Syndicate, we’re making it easier for citizens, groups, investment clubs, companies, organizations, etc to own a piece of early-stage, high-growth technology startups operating across Africa.

Our opportunity antenna and grassroot connections with innovators enable us to see patterns as they develop. We invite you to partner with us as we nurture and build category-king companies in Africa and beyond, and in the process advance citizens, communities and nations.

At Tekedia Capital, we fund the foundations of the NEXT African economy through entrepreneurial capitalism. A membership fee which covers 4 investment cycles (we typically do 2-3 cyclers every 12 months) of $1,000 or Naira equivalent is required. GET STARTED here

Uwerx Sets Hack-Recovery Plan In Motion As It Receives Support From The Community Following Successful Launch

By

TI Partners

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August 19, 2023

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Uwerx is evidently dedicated to revolutionizing the freelance economy—all thanks to its resourceful developers and policies.

Its presale success has also earned them significant support from the cryptocurrency domain and even beyond. A short glimpse at its exploding followership across social media is undeniable proof. Such metrics indicate, to a great extent, the confidence and excitement encompassing the project’s growth potential.

Nevertheless, Uwerx’s successful launch took a hit when it experienced a flash loan attack last week. Since such attacks imply the exploitation of smart contracts to access a substantial amount of funds temporarily and exploit the platform’s operation, questions and concerns have been raised about the project’s security measures.

The Uwerx Launch

Since the beginning of this year, the crypto industry has faced seemingly unending price fluctuations heightened by SEC’s regulatory clampdown. But Uwerx, despite being typically new, has managed to carve out a fantastic success story for its community, from surpassing stakeholders’ expectations to demonstrating an unwavering resilience and obligation to investors’ safety.

Uwerx’s presale phase was nothing short of noteworthy, a somewhat inevitably gripping sensation. So it was, as expected, an immeasurable burst of optimism when the Uwerx launched on August 1, 2023, highlighting laser-focused strategies for building a community-centric platform.

Their first move was to deploy liquidity on Uniswap, which was locked for 25 years to maintain a stable liquidity pool and eliminate the imposing threats of liquidity drains or market hacks. They have also proposed a set of rules that are expected to govern token distribution and usage, including a 3% sell tax to guarantee sustainability, a 1% burn to increase the token’s price value over time using deflationary measures, and a 2% marketing fee to foster visibility.

The crypto industry is often influenced by mainstream recognition, so the Uwerx team has correspondingly taken the initiative to start applying for listings on reputable platforms such as CoinGecko and CoinMarketCap. Plus, they pledged to relinquish contract ownership once they list on centralized exchanges.

More still, the project’s team is bringing core functionalities to users soonest, including the client dashboard, freelancer dashboard, agency dashboard, project management section, and additional settings pages.

Furthermore, they plan to introduce a Minimum Viable Product (MVP) for public testing once developers do in-depth testing and also a Buyback program to stabilize the token’s price and support its market value. For the program, specific dates and times for the buybacks will not be disclosed to ensure fairness.

Uwerx Navigates an Arduous Journey

Following its launch last week, Uwerx encountered a flash loan exploit. According to CertiKAlert, the malicious actor strategically obtained a flash loan of 20,000 ETH worth $36,726,400 and utilized it to acquire 5,053,637 WERX tokens. Then the attacker transferred 4,429,817 WERX tokens to the Uniswap pool, which resulted in a substantial imbalance in the token supply.

Subsequently, the attacker leveraged Uniswap’s functionality, designating the recipient’s address as 0x00…1, and finally went ahead to carry out the operation. And since the recipient’s address resembled the “uniswapPoolAddress” template, 1% of the initial token amount was burned during the transaction. Experienced auditors acknowledge that the unintended burning of an extra 1% of the token aided the exploit and allowed the hacker to steal $327,000.

Flash loan attacks are becoming an escalating concern in the DeFi space, capitalizing on vulnerabilities in smart contracts and protocols for their nefarious schemes. In light of this, the Uwerx team and its community are deciding on effective measures to combat the alarming development.

Uwerx and Its Community: Embracing the Future

Flash loan attacks are fast becoming a significant trend in the DeFi space. Most crypto projects have gone under the rug due to this malaise.

However, Uwerx, since its predicament, has exemplified a strong and poised resilience for a rapid comeback, given that they released their recovery plan and offered a white-hat bounty of 20% to the hacker.

More so, the Uwerx development team has decided to relaunch and deploy their tokens on the Polygon Network, highlighting several benefits surrounding the change, like reduced gas fees for trading and a seamless user experience. Similarly, the team will provide users with the new contract address and give them ample time for preparation.

Uwerx also issued a comprehensive warning that, since the relaunch is still in progress, any WERX token pair on the market is a total scam. Updates on the new WERX token are set to be released on Monday, 21st August 2023.

In this case, throughout the Vesting Period, there would be a Sell Tax that starts at X% and decreases to 0% by the end of the Vesting Period. This means that if the Sell Tax starts at 50% over a 10-week vesting period, it will decrease by 5% per week. Also, they have promised to eliminate the buy tax.

As flash loan attacks are becoming a significant security issue, Uwerx has proactively engaged well-known auditing firms, SolidProof and InterFi Network, as well as directly contacting SlowMist Team and PeckShieldAlert. This ensures that users’ assets remain safeguarded and protected against future attacks.

Currently, new updates have been added to the platform to enable a hitch-free user experience, such as Settings, Help Center, Login, Create Account, Forgotten Password, Privacy Policy, Finished Payments, and Security sections.

Uwerx has also proposed changes to its tokenomics as part of its comeback strategy from a presale allocation of 57% (427,500,000 tokens) to a liquidity Reserve of 14% (105,500,000 tokens). However, Uwerx acknowledges that they will be implemented once their community issues feedback. Also, adjustments will be made to the Uwerx Vault smart contracts because of the new contract address.

These proposed changes seem promising, so the community is backing Uwerx for success. In the coming weeks, the developers will implement more changes and set the project back on track.

For further details on the ongoing discussion, kindly follow the links below:

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Nigeria Announces New Operational Mechanism for BDCs, Brings Them Back into Regulated FX Market

By

Samuel Nwite

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August 18, 2023

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As part of its efforts to stabilize the Nigerian forex market, the Central Bank of Nigeria (CBN) on Thursday, announced a series of operational changes that will see the Bureau De Change back into the regulated FX framework.

In a memo titled: ‘Operational Mechanism for Bureau De Change Operations in Nigeria,’ signed by the Director of Trade and Exchange Department, O S Nnaji, the CBN outlined key measures aimed at streamlining and improving the mechanism of the BDC segment of the FX market.

Under the new framework, the spread on buying and selling by BDC operators is set to fall within a permissible range of -2.5% to +2.5% of the Nigerian Foreign Exchange market window’s weighted average rate from the previous day.

Also, the new rules require the mandatory rendition by BDC operators of the statutory reports, including daily, weekly, monthly, quarterly, and yearly renditions. The reports are required to be submitted through the upgraded Financial Institution Forex Rendition System (FIFX), which has been upgraded to meet individual operators’ requirements.

Another notable aspect of the changes comes with accountability. The CBN warned operators that effective August 17, 2023, non-rendition of returns will attract sanctions, potentially – the withdrawal of operating licenses. The apex bank said in cases where BDC operators have had no transactions during a given period, they are required to submit “nil returns.”

This new mechanism brings the operation of Bureau De Change into regulatory scrutiny since over two years ago, when the suspended CBN governor, Godwin Emefiele, halted sales of forex to the BDCs.

The memo concluded by urging all BDC operators and the public to familiarize themselves with the new guidelines and adhere to them meticulously.

Since the meeting between the CBN governor Folashodun Shonubi and President Bola Tinubu on Tuesday, the financial regulator has begun to implement new policies aimed at stabilizing the floated forex market.

Shonubi said he has the president’s approval to implement a series of policies that will boost the performance of the naira in the FX market.

“Mr. President is very concerned about some of the goings on in the foreign exchange market. One of the things we discussed is what could be done to stabilize and what could be done to improve the liquidity in the market and also the goings on in the various other markets, including the parallel market,” he said.

Following the deregulation of the FX market, the parity between the official Investor & Exporter window and the parallel market widened by N205, as the naira fell to N955 per dollar. Shonubi attributed the situation to speculations and illegal activities in the BDC segment of the FX market.

Earlier, he said that most of the diaspora remittances were diverted to the parallel market with the help of bank officials, compounding dollar illiquidity in the I&E window.

On Thursday, the CBN announced the introduction of a foreign exchange (FX) price verification system (PVS) portal. The apex bank said a price verification report from the portal is now mandatory for all Form M requests, effective from August 31, 2023.

The changes are expected to boost the naira’s performance in the FX market, building on the progress the currency has recorded following the $3 billion emergency crude oil repayment loan taken by the Nigerian National Petroleum Company Limited (NNPCL) from Afreximbank. The loan, aimed at boosting dollar liquidity, has seen the naira gain about N100 in both the I&E window and the parallel market.

The Roadmap to 100 Days in Abia State Under Dr. Alex Otti

By

Ndubuisi Ekekwe

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August 18, 2023

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Sure, I am biased because Abia State is the best. And if you live in Aba and some communities in Abia, it is fair to write that Abians voted for a LEADER in Dr. Alex Otti. When he called me, and asked me to join the Economic Transformation Council to move Abia Forward, I knew it was a great moment.

For weeks, day and night, we crafted the Economic Plan. As 100 days arrive since he took oath (May 29th – Sept 6th, 2023), I can say that Mr. Governor has nailed the checklists with weeks to spare. It comes down to Execution, and we’ve got a great operator and executor.

Aba is coming back. Yes, no more excuses of no money. How can you say that Abia has no money when you see mansions people build in Ohafia, Abiriba and Arochukwu with most of the wealth coming from Aba?

Abia will move forward. The next phase is dealing with insecurity which has to be a joint effort with all the neighbouring states. Once that is done, the playbook will open wider. #believe in Abia. #believe in Nigeria. Let’s having a working nation.

Ndubuisi Ekekwe

Member, Abia State Economic Transformation Council

I am honoured to report that Dr Alex Otti, OFR, Abia State Governor-Elect, called and asked me to join the Abia State governorship transition council. I ACCEPTED. Over a series of phone conversations with Mr. Governor-elect, he has emphasized unambiguously that ABIA will RISE, not just for a few but for ALL. And I assured him that his fellow Abians, Nigerians and world citizens will assist on that journey.

What can you do for Abia State? And how can Abia State help to bring your aspirations and visions to become a reality? Find the road, and the roads to opportunities begin at Abia State, as the Lord lives in Abia; we’re the God’s Own State.

Ndi Abia, thank you for the opportunity. This is the time: “ABIA Must Move Forward”. Be part of it.

Comment on Feed

Comment 1: My mother said I was born in Aba. I was there two years ago for a pilgrimage at the national museum of colonial history. It’s located on Ikot Ekpene road. I wasn’t happy with the derelict look of the whole place. I have an attachment to that city. I looked up at the pictures of the women on the wall of the museum who rebelled against colonialism in 1929, and I thought of the obligation being alive is to walk so that those who would come after me may run, and the duty it is to position them to run so that future generations may fly. I owe it to my heritage, to those women who crawled under the burden of colonialism so that Nigeria may stand today as a sovereign country, to contribute Nigeria and Africa not only to being politically sovereign; but also to become economically sovereign in capacity to leverage knowledge and skills of its people into productivity that transforms intellect of its people and its resources into distributed products, services and infrastructure that serve domestic needs. I would definitely set up a factory and a warehouse in Aba this year, and deliver 100 decent jobs in each of the LGA in Abia. Thank you, Ndubuisi Ekekwe for your contribution to the progress of Aba and Abia.

Comment 2: Well done Prof, so far, Gov. Otti has started very well. We pray for more grace to execute all the plans. Abia will be great again, and of course Nigeria.

Comment 3: Well done Prof. Ndubuisi Ekekwe and team. Security is pivotal to economic growth, and one of the best approach is to sensitise the local communities.

The government should build and equip neighbourhood police who will man their various communities, if we can engage the right set of people the insecurity challenges will be half solved.

God Bless Abia(God’s Own State)
God Bless Nigeria

If you live in Aba and some communities in Abia, it is fair to write that Abians voted for a LEADER in Dr. Alex Otti. When he called me, and asked me to join the Economic Transformation Council to move Abia Forward, I knew it was a great moment.

For weeks, day and night, we… pic.twitter.com/K0nmJ8DPnj

— Ndubuisi Ekekwe (@ndekekwe) August 19, 2023

Comment 4: Prof your one of the few I have regards for and have followed you for years. I am yet to see a single criticism from you on current Abia leadership, just like you query FG. Abia is doing 100% perfection. Is this because it’s your team!

My Response: I expect you to query Abia State (I hope fairly). In Abia, I have the influence to call the governor and there is no need to rant since I am part of the team fixing what needs to be fixed. I will THANK you if you challenge the government and tell us. If I join the federal government and I am asked to fix, say Science and Tech, you should not expect me to be pointing out issues when I am the one entrusted to fix.

I just hope my articles are fair and fact-based. Yet, I do not criticize any government. I just point out things which do not make sense, from my understanding, like fuel subsidy and floating Naira. And most times, I offer suggestions.

Visit Abia, point things out and by doing just that, you help the government. Make it factual.

(Meanwhile, share one article where I have criticized the federal govt. Just curious)

Comment 4R: Nothing wrong with positive criticism, 83 days in office is too early to condemn. turning things around is not like pressing electric switch buttons. Time will tell, God keep us all alive. No one knows it all, even US we all live

My Response: “83 days in office is too early” – I do not see it that way. A day is enough if you understand what leadership is about. It is not building roads, factories, etc but inspiring people to #believe. So, I am not measuring Otti because of roads, etc. Rather, his ability to inspire Abians to rise above their individual abilities. Like going to Ariaria to tell men to clean their shops, etc, even as they expect government to provide them power. If you cannot inspire, you have lost your mission. And you can do that on DAY 1.

Stellar Price’s Cosmic Rise Alarms XRP — Is Signuptoken.com’s 360° Act Enough?