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Analyzing Token Distribution Mechanisms Of The Next Big Crypto Coin: Scorpion Casino Token Alongside Litecoin, & Polygon

By
TI Partners
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0

Cryptocurrency tokens like Scorpion Casino Token ($SCORP), Litecoin (LTC), and Polygon (MATIC) are reshaping various sectors within the crypto industry. In this article, we will explore the fairness of their distribution mechanisms and their potential impact on ecosystem health and decentralization. $SCORP, with its unique features and benefits, attracts tech-savvy individuals, particularly millennials and Gen Z, who are interested in the innovative world of online gambling. Join us as we explore the distribution strategies of these tokens and their potential for explosive success resulting in the next big crypto coin.

Scorpion Casino Token: The Future of Online Gambling

Scorpion Casino Token ($SCORP) is revolutionizing the online gambling industry by eliminating barriers and providing everyone with the opportunity to participate and profit. Let’s examine how the token’s distribution mechanism ensures fairness and inclusivity. $SCORP employs a comprehensive distribution approach, starting with a presale that offers attractive incentives to early investors. Token allocation covers various stakeholders, including presale participants, staking rewards, liquidity pools, marketing initiatives, the team and advisors, presale bonuses, airdrops, and referrals.

This approach encourages decentralization and community involvement, creating a diverse base of token holders. Additionally, $SCORP incorporates a burning mechanism that enhances token value and scarcity. A portion of each transaction is systematically burned, gradually reducing the token’s total supply over time. This deflationary feature encourages early adoption and contributes to the stability and growth of the SCORP ecosystem.

blockchain

Litecoin ($LTC): The Silver Bullet to Bitcoin’s Gold

Litecoin, often referred to as the “silver to Bitcoin’s gold,” has gained prominence as a cryptocurrency with faster transactions and lower fees. Let’s examine LTC’s token distribution mechanism and its impact on network decentralization. Litecoin follows the Proof-of-Work (PoW) model, similar to Bitcoin. During the initial distribution, tokens were allocated to Bitcoin holders, ensuring fairness for early adopters. Subsequently, halving events have occurred, reducing block rewards and regulating token creation.

This well-designed mechanism promotes scarcity and incentivizes miners to contribute to network security and decentralization. With a current circulating supply of approximately 71 million coins and a maximum supply of 84 million, Litecoin’s distribution appears decentralized. However, it is important to monitor mining operations to ensure the network’s overall decentralization.

Polygon ($MATIC): Empowering the Internet’s Value Layer

Polygon, a prominent Layer 2 scaling solution for Ethereum, has garnered significant attention within the blockchain community. Let’s explore MATIC’s token distribution mechanism and its impact on ecosystem health and decentralization. MATIC’s distribution strategy involves initial allocation to early investors and contributors. As the network evolves, additional tokens are distributed through mechanisms like staking rewards, liquidity provisions, ecosystem grants, and adoption incentives.

This diverse approach encourages broad participation and contributions from a variety of stakeholders. Polygon’s emphasis on Proof-of-Stake (PoS) validators contributes to network decentralization. Validators are required to stake MATIC tokens for block validation, fostering inclusivity and decentralization. The ability to validate multiple chains and perform various roles within the ecosystem promotes an egalitarian environment.

What is the Next Big Crypto Coin?

In conclusion, the distribution mechanisms of Scorpion Casino Token, Litecoin, and Polygon play a crucial role in shaping ecosystem health and decentralization. $SCORP’s inclusive approach, combined with its token-burning mechanism, fosters community engagement and enhances token value.

Litecoin’s halving events and PoW distribution contribute to decentralization, although monitoring mining equipment is necessary. Polygon’s distribution strategy encourages diverse participation through staking and ecosystem contributions, fostering a decentralized and inclusive network.

For verified investing cryptos, consider exploring these tokens within the thriving crypto casino market. Investing in SCORP’s presale and joining its vibrant community early on can potentially yield significant returns. As the crypto market evolves, innovative concepts like SCORP have the potential for extraordinary success. Embrace the opportunity, explore SCORP’s advantages, and witness the exciting future of online gambling unfold.

Seize the opportunity to invest in the presale and join the SCORP community, embarking on a journey with the Next Big Crypto Coin that combines cutting-edge technology and lucrative benefits.

 

For More On Scorpion Token

  

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

Twitter: https://twitter.com/ScorpionCasino

Telegram: https://t.me/scorpioncasino_official

 

Ripple’s Landmark Win Fuels Crypto Market Surge: Solana, Polkadot and DogeMiyagi

By
TI Partners
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0

Last week, the cryptocurrency market witnessed a significant boost following Ripple’s landmark court case win. As a result, several cryptocurrencies, including Solana and Polkadot, experienced substantial price surges, propelling the overall market into the green. Amidst this positive momentum, emerging tokens like DogeMiyagi (MIYAGI) are poised to reap the benefits of a thriving crypto landscape.

Ripple Court Case: A Turning Point for Cryptocurrencies

The recent Ripple court case, which had been closely watched by the crypto community, concluded with a major victory for the company. The court ruled in favour of Ripple, declaring that XRP, its native cryptocurrency, did not qualify as a security. This decision is a game-changer for the entire cryptocurrency industry, as it provides regulatory clarity and sets a precedent for future legal battles.

Following the Ripple court case win, investors and traders received a burst of confidence, resulting in a surge of positive sentiment across the crypto market. The ruling demonstrated that cryptocurrencies could overcome legal challenges and solidified the industry’s legitimacy in the eyes of investors and institutions.

 Positive Market Impact: Solana and Polkadot Lead the Way

The ripple effect of Ripple’s legal victory was immediately felt throughout the market. Solana (SOL) and Polkadot (DOT), two prominent altcoins, experienced notable price pumps, benefiting from the increased market enthusiasm. Solana, an open-source blockchain platform, witnessed an impressive surge in its token price, propelled by its advanced scalability and ecosystem growth. Polkadot, a multi-chain protocol that enables the interoperability of different blockchains, also capitalized on the positive market sentiment.

DogeMiyagi: An Emerging Token with Growth Potential

Among the various cryptocurrencies that stand to benefit from the market’s bullish wave, DogeMiyagi emerges as a promising token to watch. As a new player in the crypto market, DogeMiyagi offers unique features and potential advantages that make it an attractive investment opportunity.

Lessons for Other Crypto Projects: DogeMiyagi and Cardano

The Ripple lawsuit serves as a stark reminder to other cryptocurrency projects, including DogeMiyagi and Cardano, of the importance of regulatory compliance and transparency. By analysing the Ripple case, these projects can draw valuable lessons to mitigate similar risks and enhance their chances of long-term success.

Regulatory Compliance:

The Ripple lawsuit underscores the need for cryptocurrency projects to proactively engage with regulatory bodies to ensure compliance with existing laws and regulations. By doing so, projects can avoid potential legal entanglements that may lead to market uncertainty and negative investor sentiment.

Transparent Token Distribution:

One of the key concerns raised in the Ripple case was the alleged distribution of XRP tokens to investors and its potential violation of securities laws. Crypto projects, such as DogeMiyagi and Cardano, should ensure that their token distribution models are transparent and comply with relevant regulations to avoid regulatory scrutiny.

Clear Token Utility:

Another crucial aspect is establishing a clear utility for their tokens. Projects should articulate how their tokens will be used within their ecosystems, providing value and utility to users. By doing so, they can help differentiate their offerings from potential securities and enhance their compliance with regulatory guidelines.

Investor Communication:

Effective communication with investors is vital, particularly during times of uncertainty or legal challenges. Crypto projects should proactively engage with their communities, providing regular updates and addressing concerns transparently. This approach can help maintain investor trust and confidence even in challenging situations.

The outcome of the SEC-Ripple lawsuit carries significant implications for XRP investors and the future of the cryptocurrency market. The recent price falls experienced by XRP can be attributed, at least in part, to the ongoing legal battle and the resulting uncertainty surrounding the cryptocurrency. Other crypto projects, such as DogeMiyagi and Cardano, can learn valuable lessons from this development.

By prioritizing regulatory compliance, ensuring transparent token distribution, establishing clear token utility, and maintaining effective communication with investors, these projects can mitigate risks and increase their chances of success in the evolving regulatory landscape. The Ripple lawsuit serves as a timely reminder that responsible and compliant practices are essential for the long-term growth and sustainability of the cryptocurrency industry.

 

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

Nigeria’s Missing “One Thing” Before Its Quest for Economic Development Could Begin At Scale

By
Ndubuisi Ekekwe
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0

To move from a linear to a parabolic (or exponential) economic growth, one thing MUST happen in every nation. Today, Nigeria is not even making any effort on that – and that means, you cannot expect a huge economic growth in the nation. That thing is catalytic and until it is done, nothing will change. Check the marks (see plot) and read the national histories of the nations; the marked inflection points in the USA and China happened because the “one thing” came to pass.

Prof Robbins defines economics as a social science which studies human behaviour as a relationship between ends and scarce means which has alternative uses [check every chapter 1 of WAEC recommended economics textbook, that is the safe definition to memorize!]. He is right but when you move into development, you will notice that economics has one core element of “certainty” that no country can ramp up development without doing that “one thing”. So, it goes beyond social science because that “one thing” brings the certainty of natural philosophy in economic development.

I have studied many countries on how developments come (I won a Book of the Year award chronicling it: “IGI Global Announces Winner of 2010 Excellence in Technology Research ‘Book of the Year’ Award”) and I can write that Nigeria’s development paradigm has not started. Yes, we are way off because that “one thing” is inexistent.

I am also using this to announce a new work coming out in Harvard Business Review which looks at industrialization, development and urbanization in sub-Saharan Africa. You are going to like it; expect it in August.

Gobbledegook and Witches Brew Research Methodologies remove Nigeria from Top Ten lists of Crypto Greatness

By
John Mc Keown
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0

I started out by thinking this was too simplistic to bring to Tekedia and I didn’t really have a huge amount to say.

Then I realized that I had too many illustrations to include, which would be a problem for a ‘Direct to LinkedIn’ post, and it’s probably worked out better I decided to do it here.

I’ve seen a few quite strange results in the crypto adoption leagues recently, some which omit Nigeria altogether, and others which don’t rank it in at least the top 5, which is strange.

European Busyness Review put Nigeria just behind Kenya, and 6th overall.

A few put Dubai at that top, which, I suspect had been influenced by local ministries. Dubai has some industries sure, and then it has Blockchain related events (whose markets are those industries), but the wider region, i.e. the Saudi Peninsula has negligible (if any) local market, which means its businesses are reliant entirely on global trade.

In  another article also by CoinGecko,  ‘Crypto Interest in Africa Still Nascent’ by Lim Yu Qian just two weeks ago…

‘Nigeria has by far the highest level of crypto interest in Africa, in 2023 so far. It represents 66.8% of crypto interest in the continent year to date (YTD), which is almost 8 times that of the next most interested African country.’

Interestingly, Julia Ng’s CoinGeko article includes 4 of the 5 countries I have lived in during my life – Ireland, Nigeria, Trinidad and UK. The 5th one, Venezuela, is in the European Business Review list, in which Ireland and Trinidad don’t feature.

 

As for those with Dubai in the lead, I don’t really see the average camel herder out in the desolate sand dunes of UAE sitting on a laptop doing crypto analysis.

As for the blockchain related businesses based in Dubai, some of them left different parts of the world considering their home country an unfavourable base to do business from.

Indeed, several Nigerian entrepreneurs made this decision.

It’s likely that as the whole blockchain space, especially cryptocurrencies come up for government policy reviews, particularly with the spectacular global incidence of own goals, companies will be enticed home.

Apart from a small minority among a few urban centres, there doesn’t seem to be any huge chance of mass adoption among regular citizenry of the Saudi Peninsula any time soon.

I can’t see obvious synergies between camel herding and crypto-trading. The region is also very culture centric, and the local population is cautious about the ways of foreigners.

For old-world time-honoured brands, like Mercedes Benz or Coca-Cola they don’t really care who makes it, these brands sell themselves.

However, novel ideas will easier achieve mass acceptance from non-professionals if pioneered and championed by a native.

If even some companies go home, investors are more likely to engage with ones which operate under regulatory scrutiny of structures they understand. This may prompt more to go home, and once this happens, there is no market in Dubai for Crypto-events.

‘Ease of Doing Business’ rankings have a huge influence, and Dubai is strong on these types of indicators.

Nigeria’s picks, PEEPO, LQTY and CFX are interesting. LQTY is the strongest store of value being a stable-coin. CFX is a coin linked to staking and a governance structure. PEEPO has the weakest value retention argument and as a day trading tool is very easy to get wrong. Ghana is the only country with BTC in their top 3, and nobody has ETH. Nigeria has 68% of the continents action with SA second on a mere 8%, Ghana on around 5% and its downhill from there!

Nigeria’s No. 1 place in the CoinGecko global stats is explained thus:

‘The research examines global Google Trends data of English search terms frequently used by people interested in cryptocurrency, namely ‘Cryptocurrency’, ‘Invest in Crypto’, ‘Buy Crypto’, ‘Bitcoin’, ‘Ethereum’ and ‘Solana’. These terms were then combined to give each country a ‘total search score’ to find out which countries have been the most interested about cryptocurrency since the market crash in April 2022.’

Takeaways:

  1. Is your urgency to do crypto/blockchain business driving you to migrate to somewhere that will enable it more effectively, or are you decided upon becoming an economic or some other type of migrant, and you are just curious about their profile in an area of interest? If it’s the latter, then thinking about crypto/blockchain should be way down on your list of priorities!
  2. Research Methodology needs to align with what you want to do. For example, if attending lots of events is your thing, then you need research articles that rank places on frequency and proximity of events. A methodology that gives points due to numbers of people that make an extra $1000 a year from token speculation, without giving up their day job, isn’t going to help you.
  3. Ranking articles that offer no Methodology, or unsubstantiated comments on Twitter by pseudo gurus with millions of followers, are unreliable.
  4. Many articles, SM personalities, podcasters etc, have sponsors, and they are not always transparent about it. Unless content is ‘Editorial’ it is not impartial.
  5. Never act on a barrage of trending media, because there is a high chance there is only one primary research source, and the media environment is echoing it with paraphrasing. Validate, validate, validate.

 

Note: 9ja Cosmos has never paid for publicity and all content mentioning us in the public space so far has been ‘editorial’ in nature, organic and completely ‘authentic’.

Thank you to those who have come out to support the new 9ja Cosmos page

We do however need the strong support of ‘Tekedians’ to move the needle forward, so more followers for the page are urgently needed.

9ja Cosmos is here… 

Get your .9jacom and .9javerse Web 3 domains  for $2 at:

.9jacom Domains

.9javerse Domains

Visit 9ja Cosmos

Follow us on LinkedIn HERE

 

All reference sites accessed 23/07/2023

coingecko.com/research/publications/crypto-interest-africa

creativezone.ae/the-rise-of-dubai-as-the-worlds-leading-crypto-hub/

bloomberg.com/news/articles/2021-08-29/dubai-poised-to-benefit-from-cryptocurrency-growth-bittrex-says#xj4y7vzkg

europeanbusinessreview.com/top-20-countries-with-cryptocurrency-adoption/

mpost.io/top-10-crypto-countries-by-adoption-in-2023-reviewed/

coingecko.com/research/publications/top-15-countries-most-curious-about-cryptocurrency

Peoples’ Friendship University of Russia Hosts International Media Forum to Strengthen Russian-African Media Collaboration

By
Mutiu Iyanda
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0

The Peoples’ Friendship University of Russia is set to host the International Media Forum for Young Russian-African Practitioners, an event aimed at fostering collaboration and understanding between media professionals from Russia and ten African countries.

Organized in partnership with the Ministry of Science and Higher Education of the Russian Federation, this hybrid event promises to create an enriching platform for participants to exchange knowledge, address challenges in the media and communication sectors, and explore joint solutions.

The two-day forum, which kicks off on Monday, July 24, 2023, will see media practitioners, educators, and students from diverse backgrounds gather virtually and in-person at the renowned university in Moscow. With an emphasis on mutual learning, participants will delve into the production, distribution, and consumption of media content from African and Russian perspectives.

By bringing together professionals from both regions, the event aims to enhance cross-cultural awareness and appreciation, paving the way for more accurate and comprehensive media representation. Themes of inclusivity, diversity, and ethical reporting are expected to take center stage during discussions, reflecting the evolving media landscape in the global context.

In addition to knowledge-sharing sessions, the International Media Forum will offer ample opportunities for networking and building professional relationships. Participants will have the privilege of interacting with esteemed academics and practitioners, providing invaluable exposure and potential for collaboration on future projects.

One of the highlights of the event is the issuance of certificates, which will be signed by renowned academics and practitioners, further validating the participants’ commitment to advancing media excellence and fostering cross-cultural cooperation.

Prospective attendees are encouraged to secure their spots as soon as possible to benefit from this unique opportunity to broaden their horizons and engage in meaningful conversations about the media’s role in shaping public opinion and perception.

To register for the event, interested individuals are advised to follow this link https://lnkd.in/gcSJyN4s.

The Peoples’ Friendship University of Russia and the Ministry of Science and Higher Education of the Russian Federation look forward to welcoming media enthusiasts and professionals from both regions to this transformative and impactful gathering.

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