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The Next Crypto Coins to 10x: What Big Eyes Coin’s Presale Success Says About its Price Prediction Compared to Tron and Ripple Price Predictions

By
TI Partners
-
0

With the continuous growth of the cryptocurrency market, investors are actively seeking promising projects that hold the potential for significant returns on investment. Amidst a plethora of options, identifying the crypto coins with the potential to achieve a 10x ROI proves to be a challenge. Recently in crypto news, Tron (TRX), Ripple (XRP), and Big Eyes Coin (BIG) have emerged as standout projects, captivating the attention of the crypto community due to their noteworthy potential.

Empowering Content Creators: The Innovations of TRON

Since its establishment in 2017, TRON (TRX) has made a significant mark as a pioneering decentralised blockchain platform, focusing on empowering content creators in the digital realm. Embracing the principles of the Web 3 Internet, TRON places content creators at the core of its ecosystem, providing them with essential tools and opportunities to flourish and earn income online.

TRON’s key innovations include its seamless integration of NFTs (Non-Fungible Tokens), unlocking a realm of creative possibilities for content creators to engage with their audiences in novel and immersive ways. By creating games, interactive experiences, and collectables tied to NFTs, these creators incentivise NFT purchases, thus driving the growth of the digital art and collectables market within the TRON network.

XRP Price Prediction After SEC Litigations: A Tale of Resilience

Back in 2012, Ripple unveiled XRP, a cryptocurrency that rapidly gained recognition for its impressive speed and cost-effectiveness, surpassing even established players like Bitcoin and Ethereum. With its ability to handle thousands of transactions per second while maintaining energy efficiency, XRP showcased cutting-edge technology.

The coin’s scalability and sustainability attracted prestigious partnerships with financial giants like American Express and Santander. However, XRP faced challenges regarding its decentralised nature due to its association with Ripple, leading to regulatory scrutiny and a subsequent lawsuit filed by the SEC against Ripple.

Consequently, Ripple was compelled to divest $336 million worth of XRP, leaving investors uncertain about its future. This regulatory turbulence prompted investors to seek out truly decentralised finance (DeFi) cryptocurrencies, opting for assets free from centralised ownership and potential legal complications.

In recent Ripple news, the SEC ruling in favour of Ripple brought a significant boost to XRP’s price. Following the ruling, XRP surged by 75% in a short period, showcasing the coin’s remarkable resilience and potential for growth. Furthermore, Coinbase shares also witnessed a 24% surge, reflecting the positive sentiment in the cryptocurrency market surrounding XRP’s legal victory.

Big Eyes Coin: Unveiling the World of Memorable Meme Coins

Big Eyes Coin (BIG), led by CEO Ahmed Yalom, has emerged as an enchanting meme coin drawing inspiration from the whimsical realm of cats. Its focus on sustainability and community-driven principles has garnered attention, offering a cutesy aesthetic and an engaging ecosystem.

The charity initiatives undertaken by BIG have already made a positive impact, with significant donations to ocean sanctuaries and charitable organisations worldwide. Powered by a proof-of-stake mechanism, BIG ensures energy-efficient transactions and low fees, setting it apart from other meme coins and contributing to a more sustainable future.

With an eagerly awaited casino platform launch on the horizon, BIG aims to become a thriving hub for play-to-earn (P2E) games and a diverse array of casino offerings. The NFT marketplace and NFT Sushi Crew add to the allure, providing users with a dynamic platform to explore and trade delightful digital assets.

The Unstoppable Rise of BIG Coin and CEO Ahmed Yalom’s Vision

For those seeking a cryptocurrency investment, Big Eyes Coin (BIG) stands as a thrilling and distinctive contender that has captured the crypto community’s imagination. Its astounding presale success, raising an impressive $42 million, is a testament to its overwhelming reception. Under the visionary leadership of CEO Ahmed Yalom, BIG embodies a clear vision for the future of meme coins. Ahmed’s strategic guidance has propelled BIG to unparalleled success, positioning it to surpass established competitors like Ripple and Tron.

 

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: Telegram: Contact @BIGEYESOFFICIAL

Instagram: https://www.instagram.com/BigEyesCoin/

Twitter: https://twitter.com/BigEyesCoin

Pepe Coin Rallies 65% while TRX and Scorpion Casino Token Ready For A Bullish Charge

By
TI Partners
-
0

If you’re on the lookout for the next big thing that could explode in the market and offer a chance to make passive income, you’ve come to the right place! In this article, we delve into three promising contenders – PEPE, TRX, and Scorpion Casino Token (SCORP) – and explore their recent performance, news, and potential for growth. So, buckle up for an exciting journey into the world of digital assets and online crypto gambling.

Pepe Coin Hopping into the Limelight

Pepe Coin (PEPE) has been making waves in the crypto sphere, captivating investors and meme enthusiasts alike. With an impressive 65% gain in the last 30 days, PEPE has proven its potential for substantial rallies. However, it’s essential to tread carefully, as the meme token has experienced some ups and downs recently. Despite its mixed performance, signs of interest from whales hint at potential future rallies.

Tron: A Stellar Ride Amidst Bearish Tides

In recent weeks, Tron (TRX) faced a crucial retracement that saw it testing the $0.0944 level, highlighting the selling pressure at this critical price zone. However, this dip in TRX’s price might make it the hidden gem amidst the bearish tide. As of press time, TRX hovers just above a key support level, presenting an opportunity for investors to capitalize on the discounted rate.

Scorpion Casino Token: A Promising Gamble

In the world of online crypto casinos, Scorpion Casino Token (SCORP) stands out as one of the most promising newcomers. Offering passive income opportunities through its integrated distribution system, SCORP’s presale has attracted attention from investors seeking substantial returns. The deflationary nature of the SCORP token, combined with reputable platforms powering the casino, adds to its allure.

In the realm of crypto betting, legitimacy is paramount, and Scorpion Casino Token ticks all the right boxes. With its robust licensing and regulation, Scorpion Casino Token ensures players can revel in a secure and fair environment. This level of transparency is a rare find in the crypto world, giving players peace of mind while they indulge in exhilarating games and wagers. On the other hand, Pepe and Tron’s regulatory frameworks might leave some players second-guessing their choices.

Licensing and regulation are not just buzzwords for Scorpion Casino Token; they form the very foundation of trust and reliability. In a space fraught with uncertainties, Scorpion Casino Token’s commitment to legitimacy goes a long way in building a loyal player base. Players can rest assured that their gaming experience is not dictated by hidden algorithms or dubious practices, ensuring a level playing field for all participants.

As the crypto gambling sphere continues to evolve, the importance of licensing and regulation becomes ever more apparent. Scorpion Casino Token’s dedication to adhering to industry standards stands as a testament to its vision of providing a seamless and reputable gaming platform. While Pepe and Tron have their merits, Scorpion Casino’s licensed status puts it in a league of its own, drawing the attention of both seasoned players and newcomers looking for a trustworthy betting arena.

So, whether you’re a risk-taker seeking thrilling gaming adventures or an investor looking for a promising platform, Scorpion Casino Token (SCORP) beckons with open arms. It’s not just about the games; it’s about the unmatched assurance of fair play and security that sets Scorpion Casino Token apart in the ever-dynamic crypto-gambling arena. Embrace the allure of Scorpion Casino Token and indulge in an immersive and exhilarating journey like no other. With its licensed and regulated platform, Scorpion Casino Token is poised to become a shining star in the constellation of crypto gaming excellence.

Final Thoughts: Bullish Charge Incoming

PEPE, TRX, and Scorpion Casino Token have recently emerged as potential stars. With their unique features, promising performances, and innovative platforms, they offer exciting opportunities for investors and gamblers alike. Whether you’re hopping into the meme token craze, considering TRX’s potential turnaround, or taking a gamble at Scorpion Casino Token, remember to enjoy the ride responsibly and keep an eye on the numbers!

 

Scorpion Casino Token:

Presale: https://presale.scorpion.casino/

Twitter: https://twitter.com/ScorpionCasino

Telegram: https://t.me/scorpioncasino_official

Lagos Emerges as The Regional Leader in Ecosystem Value And Early-Stage Funding

By
Ojukwu Emmanuel
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0

Africa’s most populous city, Lagos, has emerged as the leader in ecosystem value and early-stage funding.

In a recent report by Startup Genome, the world-leading innovation policy advisory and research firm, it revealed that Lagos ecosystem value and early-stage funding is currently worth $8.43 billion, while Nairobi leads the top five ecosystems by VC funding per capita.

Lagos is reported to be home to about 400 startups, 88 percent of Nigeria’s total. With 24 million residents, the city is Africa’s biggest metropolitan area as well as one of its leading commercial hubs. The city’s ecosystem is dominated by fintech which constitutes 49% of tech companies in the city.

Total early-stage funding into the Lagos ecosystem from the second half of 2020 to 2022’s year-end was $824 million, a little below the global average of $970 million.

Total venture capital funding was $3.3 bn (below the global average of $6.6bn) and the median Series A round was $15 million (which was more than the global average of $6m).

In terms of the amount raised in funding, Lagos held its place in the range of 51 and 60 in the global emerging startup ecosystem ranking. OPay’s $400 million Series C in August 2021 was the region’s biggest deal, while Flutterwave’s $250 million Series D in February 2022 saw its valuation increase to over $3 billion.”

According to a 2023 report, Lagos is still the only African city ranked in the global top 100 ecosystems, while Nigeria has five cities in the global top 1,000 this year.

As the top city in Western Africa, Lagos expanded its score gap with 2nd ranked Accra from 279.2% to 386.1%.

The Fintech sub-sector in Lagos is ranked 38th in the global ecosystem, followed by the Transportation industry which is ranked 58th globally, while Ecommerce & Retail is ranked 62nd in the world.

The boisterous city is home to dynamic and resilient startups that, despite a challenging macro environment, have continued to lead innovation across many sectors, which  includes financial services, health, climate change, and education.

Lagos, fondly called “Centre of Excellence”,  has excelled due to key reasons including being the commercial hub, allowing cross-fertilization of skills, needs, and opportunities.

Knowledge transfer in the city is huge as there are many ICT fairs, symposiums, workshops, summer classes, and boot camps where experts can share knowledge with upcoming developers, architects, and would-be start-ups in a friendly, conducive environment.

Lagos, Nigeria’s economic powerhouse, continues to play a significant role in the region’s tech startup landscape. The city’s notable achievements in funding and valuation have earned it a place among the emerging ecosystems.

Its startup ecosystem is further supported by the Nigeria Startup Act, enacted in October 2022, providing a regulatory framework for tech sector growth.

While access to funding has been a challenge in Africa, Lagos has managed to attract investments from local and international investors. Venture capital firms, angel investors, and corporate entities recognized the potential of the Lagos startup ecosystem and were keen to invest in promising startups.

The megacity has the fourth-highest GDP in Africa and houses one of the largest and busiest seaports on the continent.

The Central Bank of Nigeria’s Agri-business Small & Medium Enterprises Investment Scheme(AGSMEIS)

By
Emmanuel Ifeanyi Ogbuka
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0

 Relevant Provisions of The CBN Guidelines for the operations of the Agri-business Small & Medium Enterprises Investment Scheme(AGSMEIS)

The Agribusiness Small & Medium Enterprises Investment Scheme or AGSMEIS was founded on the 5th of April,2017 as an initiative of the banker’s committee to support the efforts of the Federal Government of Nigeria in its policy measures for the promotion of agricultural businesses and Small/Medium Scale Enterprises (SMEs) as vehicles for sustainable economic development & employment generation.

The scheme requires that all banks in Nigeria set aside 5% of their Profit After Tax (PAT) annually.

The details of the guidelines issued by the Central Bank of Nigeria (CBN) governing this scheme will thus constitute the focus of this article. 

What are the objectives of the scheme?

The objectives of the AGSMEIS are :-

– To ensure access to finance for Small & Medium Enterprises (SMEs) as these enterprises are the engine of growth of the Nigerian economy.

– To generate much needed employment opportunities in Nigeria.

– To develop agricultural value chain and ensure sustainable agricultural practices.

– To boost the managerial capacity of agri-business SMEs as pipelines of growing enterprises that can become large corporate organisations.

What are the activities to be covered by the scheme?

The scheme shall cover the following activities:-

– Agricultural investments which include production, storage, processing and logistics.

– SMEs in the real sector as well as service for sectors which are backward integrated into manufacturing/agriculture/mining/modular refineries including local initiatives in Information & Communication Technology (ICT).

– Other activities as may be determined by the Bankers Committee from time to time.

What exactly is a small and/or medium enterprise as defined by the scheme?

Under this scheme, a small and medium enterprise is defined as any enterprise that meets at least 2 of the following criteria subject to review by the Bankers committee from time to time :-

– Sales turnover not exceed 4.5 Billion Naira.

– Total assets not exceeding 4.5 Billion Naira.

– A number of tax paying employees not more than 250 staff.

What is the prescribed maximum investment amount under the  scheme guidelines?

The investable amount in any enterprise shall be limited to a maximum of 2 Billion Naira. Investments in excess of the maximum allowable amount shall be subject to the approval of the CBN.

What are the available investment types under this scheme?

Investments under the scheme which could be for start-ups, expansion of established companies or reviving of ailing companies, shall be through equity in the form of fresh injection of capital.

It should be noted that debt of any form is not allowed under the scheme.

What is the prescribed investment vehicle under this scheme?

The Bankers Committee shall appoint a board of trustees which shall manage the scheme and report to the committee on a regular basis.

What are the available loan tenor/investment periods under this scheme?

Under this scheme, investments made shall be for a maximum period of 10 years.

There shall be a 3-year lock-up period before exiting in order to encourage value creation and boost managerial capacity of the SMEs unless there’s a material adverse event.

The scheme shall be operated for a period of 10 years in the 1st instance & be reviewed after 5 years of its operations.

What are the modalities of the scheme?

Under this scheme:-

– Participating banks shall set aside 5% of their PAT annually after their financial statements have been audited by external auditors and approved for publication by the CBN.

– Eligible applicants shall submit applications through any of the participating banks to the CBN.

– The fund shall be transferred to the CBN and warehoused in an account opened for the scheme within 10 working days after the Annual General Meeting of the participating bank.

– The Bankers committee shall be represented on the board of the investee company/project as may be appropriate.

What are the eligibility criteria for funding under the scheme?

In order to be eligible for funding under the scheme, a prospect investor shall:-

– Comply with the provisions of the Companies and Allied Matters Act (CAMA) 2020 regarding the filing of annual returns, including financial statements.

– Comply with all applicable tax laws and regulations and render regular returns to the appropriate authorities.

– Apply through a participating bank.

What are the provisions of the scheme guidelines regarding monitoring and reporting?

The scheme guidelines provide that there shall be joint monitoring of projects financed under the scheme by the CBN and the board of trustees appointed by the Bankers’ Committee. Reports of the monitoring exercise shall be submitted to the CBN and the Bankers Committee.

What are the prudential regulations outlined in the scheme guidelines?

Under the scheme, contributions by participating banks shall form part of the eligible capital in the computation of capital adequacy ratios. 

Also, investments in SMEs shall be risk-weighted in line with extant regulations. 

What are the outlined responsibilities of relevant stakeholders under this scheme?

The CBN

The CBN has the following responsibilities:-

– Articulating clear guidelines for the implementation of the scheme.

– Monitoring the implementation and gathering statistics to quantify the impact of the scheme.

– Ensuring banks comply with the guidelines of the scheme.

The Bankers’ Committee

The bankers committee has the following responsibilities under the scheme:-

– Appointing a board of trustees to manage the fund .

– Appointing a project review committee to appraise applications.

– Obtaining the cooperation of all stakeholders.

– Overseeing joint collaborative efforts under the scheme.

– Conducting capacity building.

The Board of Trustees

– Conducting due diligence on applications submitted.

– Approving eligible projects for release of funds by the CBN through the economic development sub-committee of the Bankers committee.

– Maintaining the database of all investments under the scheme.

– Preparing reports for the bankers committee on the activities of the scheme.

The Project Review Committee

– Conducting risk appraisal of applications received from the CBN.

– Preparing reports for the board of trustees on the activities of the scheme.

– Performing all other duties as may be prescribed by the bankers committee from time to time.

Individual Banks

– Providing funds for investment under the scheme.

– Complying with the guidelines of the scheme.

– Nominating representatives on the project review committee.

– Maintaining records of their investments in the appropriate books.

Beneficiaries

– Ensuring prudent utilization of funds.

– Complying with guidelines of the scheme.

– Providing monthly financial & operational reports to the SPV before the 15th of the next succeeding month.

– Keeping up-to-date records on the companies activities under the scheme.

What are the provisions of the scheme guidelines on compliance with existing laws and regulations?

The scheme guidelines provide that banks’ investments under the scheme shall be in compliance with the Banks and Other Financial Institutions Act (BOFIA).

Nigerian Government Reviews Health Workers’ Salaries, Approves New Allowance for Public Doctors

By
Tiamiyu Ismail
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1

President Bola Tinubu has approved the review of the consolidated health salary structure, CONHESS, for health professionals and the payment of 25 thousand Naira Accoutrement allowance to medical and dental doctors in the federal public service.

The new salary structure which is to take effect from the first of June 2023 was made known in a Circular dated 25th July 2023 by the National Salaries, Incomes and Wages Commission, NSWIC.

The Circular signed by Ekpo Nta, Chairman and chief executive officer of NSIWC stated that President Tinubu’s approval of the review of CONHESS was consequent upon the review of the health sector salary structure by the commission.

The commission also reveals the president  has approved 25,000 Naira accoutrement allowance for medical and dental doctors in hospitals, medical centres and clinics in the federal public service.

‘’Consequent upon the review of the health sector salary structures, the president, Commander-in-chief of the Armed forces of the federal republic of Nigeria has approved the review of the consolidated health salary structure (CONHESS) for Health professionals in the Federal Public service with effect from June 1, 2023.

‘’The new salary table is attached as Annex 1. 3. All enquiries concerning this circular should be directed to the National salaries, incomes and wages commission,’’ the salary review circular reads.

A separate circular of the commission titled,‘’ Accoutrement Allowance for Medical and Dental Doctors in Hospitals, Medical Centres and Clinics in Federal MDAs’’ dated 26th July 2023 and signed by Ekpo Nta, revealed the president has approved the payment of accoutrement allowance of 25 thousand Naira per quarter for medical and dental doctors in the public service.

‘’The federal government has approved the payment of Accoutrement Allowance of twenty-five thousand Naira (N25,000) per quarter to Medical and Dental Doctors in hospitals, medical centres, and clinics in the federal public service. The allowance is to be paid from the overhead budget,’’ It stated.

Recall that the Nigerian Association of Resident Doctors had earlier declared an indefinite strike effective Wednesday, 26th July 2023 due to its unmet demands by the government, part of which was the review of CONHESS.

With the upward review of the CONHESS a public health worker on Grade level 15 would be earning between N6, 315, 091 and N7, 666, 103.

See the new Salary structure here:

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