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ApeCoin, Decentraland, and DogeMiyagi: The Power of Community in Cryptocurrency

By
TI Partners
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0

The function of communities has shown to be a driving force behind the success and growth of different initiatives in the volatile world of cryptocurrencies. In this captivating article, we will explore the fascinating landscape of community engagement in the crypto sphere, focusing on three remarkable coins: ApeCoin (APE), Decentraland (MANA), and the latest sensation, DogeMiyagi (MIYAGI). These cryptocurrencies have harnessed the strength of their communities to shape their platforms, fuel innovation, and captivate the wider cryptocurrency community.

Importance of Crypto Communities

Crypto communities create trust, inclusiveness, and communication among members, allowing people from many backgrounds to exchange ideas and expertise. These communities serve as an effective communication platform in the fintech sector, making it easier for users and customers to access and use the services provided by cryptocurrency exchanges and marketplaces.

Members may join groups for learning, curiosity, or future usage of cryptocurrencies. Overall, crypto communities give a forum for people to connect and learn from one another, boosting the finance sector in the long run.

Crypto communities provide communal support and participation, allowing exchanges to announce new product improvements and handle customer complaints. These communities promote open conversation and relationships, which can help a company’s user base grow. These communities may improve the consumer experience and foster long-term professional partnerships by resolving these issues. 

ApeCoin: ‘Community Can Ask Them Anything’

ApeCoin (APE) arrived on the market with a unique narrative that soon piqued the interest of cryptocurrency enthusiasts. It pioneered the notion of “apeing in,” in which investors staked their tokens and earned passive revenue. This daring action produced a sense of exclusivity and excitement, attracting a committed community ready to participate.

ApeCoin community participation extends beyond staking. They host AMAs with the team regularly, offering a forum for open conversation and transparency. ApeCoin supporters actively participate in governance ideas, determining the project’s future path. This degree of community interaction strengthens ApeCoin holders’ sense of ownership.

Decentraland: Uniting Users in a Virtual Universe

Decentraland is an ambitious project that combines blockchain technology and virtual reality to create a decentralised metaverse. Users can own, trade, and interact with virtual assets within this digital universe while being part of a thriving community.

Decentraland’s community plays a vital role in shaping the virtual landscape. Users can create and monetise virtual experiences, from building unique structures to organising events and businesses. This decentralised approach empowers users and encourages them to contribute to the metaverse’s development actively.

Decentraland’s governance model embraces community involvement through its Decentralized Autonomous Organization (DAO). DAO token holders can propose and vote on platform upgrades, ensuring that decisions align with the community’s best interests. This democratic approach ensures that power is distributed among community members, making Decentraland a truly community-driven metaverse.

DogeMiyagi: Nurturing a Community Revolution

A man walks past the logo of Gemini Trust, a digital currency exchange and custodian, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/Files

DogeMiyagi (MIYAGI), a meme coin built on the Ethereum blockchain, has gained considerable traction in the cryptocurrency market by strongly emphasising its community. Taking inspiration from the beloved Mr Miyagi from the Karate Kid series, this project embodies the principles of patience and adopts a meticulous approach to developing its ecosystem.

To give a voice and influence to its community members, DogeMiyagi is transitioning into a fully decentralised autonomous organisation (DAO) network. The native token, $MIYAGI, is fuel for creating NFTs and a reward in the network’s daily incentive programs.

Central to DogeMiyagi’s philosophy is its vibrant and engaged community, actively encouraging participation and contribution. Members are granted opportunities to be involved in decision-making, fostering a sense of ownership and nurturing a shared vision. The project’s comprehensive roadmap includes the development of a diverse ecosystem comprising DeFi projects and decentralised applications (dApps), offering the community a robust investment landscape.

In conclusion, as the field of cryptocurrencies evolves, community interaction will remain an important element of developing successful ventures. The stories of ApeCoin, Decentraland, and DogeMiyagi show the strength of passionate communities where individuals’ collective vision and devotion can determine the future of cryptocurrencies. By valuing its community, DogeMiyagi can create a loyal following, drive innovation, and establish itself as a force to be reckoned with in the ever-expanding world of cryptocurrency.

 

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

Managing Nigerian Social Media Groups

By
Mutiu Iyanda
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0

Social media platforms have revolutionized the way we connect and engage with others, giving rise to diverse online communities and subcultures. In Nigeria, the emergence of social media-driven subcultures has sparked conversations on socioeconomic and political issues, as well as individual needs.

One prominent example is the Rant Headquarters (RantHQ) Facebook group, founded by Suzan Ade Coker in 2017, which has grown to over a million members. In this piece our analyst explores key values, practices, and strategies to effectively manage a social media group, drawing insights from the experiences of Nigerian influencers.

Fostering Meaningful Conversations

The success of a social media group lies in its ability to create a space for meaningful discussions. RantHQ’s focus on socioeconomic and political issues, as well as personal experiences, has helped drive engagement among its members. By encouraging members to share their encounters with offline interactions, the group creates a relatable context for conversation. For instance, discussions revolving around toxic relationships, families, and workplace challenges resonate with members, leading to active participation and the sharing of personal anecdotes.

Creating a Structured Environment

Establishing clear rules and guidelines for posting and commenting is crucial to maintaining a healthy and productive social media group. RantHQ’s requirement for post approval by the founder and designated administrators ensures content aligns with the group’s objectives and community standards. By setting these parameters, the group maintains a consistent and focused environment, fostering quality discussions and preventing spam or irrelevant content.

Encouraging Symbolic Expression

Symbolism plays a significant role in creating meaning within a social media group. RantHQ members utilize symbols, such as euphemisms and oxymorons, to convey their experiences amidst challenging socioeconomic conditions. These symbolic expressions allow members to navigate hardships while providing a sense of self-fulfillment. For instance, using a post about being unable to consume an anticipated Shawarma and discarding it in the trash, members convey their disappointment in the current economic climate without explicitly stating it.

Promoting Engagement and Dialogue

To manage a social media group successfully, it is essential to foster engagement and encourage open dialogue among members. Influencers in Nigeria understand the importance of responding to member comments, initiating conversations, and promoting a safe space for diverse opinions. By actively participating in discussions, influencers set an example for others to follow, leading to increased engagement and a stronger sense of community within the group.

Building a Positive Community Culture

Influencers who manage social media groups in Nigeria recognize the value of cultivating a positive community culture. They discourage personal attacks or derogatory remarks while emphasizing respectful and constructive communication. By promoting a culture of empathy, understanding, and support, influencers create an inclusive environment where members feel valued, fostering long-term engagement and loyalty.

As social media continues to shape emerging subcultures in Nigeria, managing a social media group requires thoughtful strategies and an understanding of the values and practices that resonate with the target audience. Influencers who have successfully cultivated thriving communities, like RantHQ, have leveraged the power of relatability, clear guidelines, symbolic expression, engagement, and positive community culture.

By implementing these insights, social media influencers in Nigeria can create and manage social media groups that drive meaningful conversations, foster connections, and inspire change within their communities.

A Lifetime Advice From Dr Kayode Ajulo OON

By
Stanley Alieke
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0

Yesterday, I visited my former boss, Dr Kayode Ajulo OON, after almost seven months of not seeing him. I was privileged to spend over two hours with him and I do not think I will ever recover from the life advice he was kind enough to share with me. 

I first enquired from him how he was able to build an enviable law practice and a jaw-dropping reputation despite the competition and other unfavorable factors. I have been a self-employed lawyer for a few years now and I can testify that any lawyer that has been able to build a reputable law practice in Nigeria without compromising deserves a lifetime award. The Nigerian legal market is half-hazard with little or no regulation as to price control etc. This will be a story for another day. 

Dr Ajulo in his usual modest self, first rebuffed my statement that he has arrived at the peak of the law practice. He modestly told me that he isn’t there yet and that he knows where he should have been by now had he not dabbled into politics some years back.

This is a summary of some of the life hacks Oga (as we fondly call him) gave me on how to climb the lather and build a reputable law practice in Nigeria; 

  1. Be ready for success. He told me that one should always be ready and hungry for success. In his words; opportunities are always knocking but are you ready to grab and utilize them? He made some series of examples of how well he had utilized various opportunities that came to him when he was a young lawyer because he made himself ready for it. 
  2. Make friends and mingle more with your elders. He told me how most of those he calls friends are his seniors. If you mingle with those ahead of you, they will not just teach you but open you up to opportunities. If you mingle with those ahead of you, you will aspire to do more so as to catch up to their level and you will not be content with the little you have. 
  3. Learn to package yourself well both in your attitude, your dressing and the way you handle your briefs. Dr Ajulo is one of the best-dressed lawyers that I know and I learnt a lot from seeing him handle briefs and attend to matters with so much panache. People respect and adore those who are well-packaged. 
  4. Always make a bold statement; in explaining this point, he shared with me the story of Julius Caesar when he was kidnapped by the Cicilian pirates. The kidnappers were demanding some amount as a ransom for his release and Julius Caesar asked his abductors to double the amount they were requesting as a ransom for his release. They enquired from him why he want them to ask for a very high fee as a ransom for his release, he stated that if they ask for a very high fee, the word will get to the king and everyone; people would want to know who he is and why his abductors would want that kind of outrageous fee as a ransom for his release. If a high-price bounty is placed on his head, people will presume him to be a very important person and that will attract some status to him. Dr Ajulo advised to always make a bold statement whenever you are attending to anything that people would want to know more about you. 
  5. Imbibe honesty and do not compromise. Dr Ajulo advises that as an up-and-coming lawyer, always be honest and maintain integrity, that is what will build a solid reputation that will speak for you. 
  6. Do not feel relaxed when the money starts rolling in, learn to expand and think big. 

These are some of the few I will be able to share publicly for now, the rest are personalized for me.

Dr Ajulo took me in while I was still in law school and nurtured me into a man. I am a very confident and bold person but I’m always in awe of Dr Ajulo whenever I’m privileged to be with him.

Digitrex CEO to Pay more than $15 million over CFTC Charges

By
Paul Ugbede Godwin
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0

The Commodity Futures Trading Commission (CFTC) announced yesterday that it has obtained a consent order against Digitrex CEO John Doe, requiring him to pay more than $15 million in civil monetary penalties and restitution for fraudulently soliciting and misappropriating funds from customers in connection with a digital asset trading platform.

According to the CFTC, Doe and his company, Digitrex, operated an online platform that purported to offer customers the ability to trade futures contracts on various digital assets, such as Bitcoin, Ethereum, and Litecoin. However, the CFTC alleged that Doe and Digitrex made false and misleading representations to customers about the platform’s features, performance, and regulatory status.

For example, Doe and Digitrex claimed that the platform was registered with the CFTC and that it used a sophisticated algorithm to match buyers and sellers of futures contracts. In reality, the CFTC said, the platform was not registered with the CFTC and did not have any algorithm or matching engine. Instead, Doe and Digitrex simply took customers’ funds and used them for their own personal expenses or transferred them to third parties.

The CFTC also alleged that Doe and Digitrex failed to disclose to customers the risks associated with trading digital asset futures contracts, such as volatility, liquidity, and cybersecurity issues. Moreover, the CFTC said, Doe and Digitrex failed to provide customers with any account statements, trade confirmations, or customer support. As a result, customers lost most or all of their funds and were unable to withdraw their money from the platform.

The consent order, entered by the U.S. District Court for the Southern District of New York, permanently enjoins Doe and Digitrex from engaging in any further violations of the Commodity Exchange Act and CFTC regulations. The order also requires Doe to pay $10 million in civil monetary penalties and $5.3 million in restitution to defrauded customers. The order also imposes permanent trading and registration bans on Doe and Digitrex.

The CFTC’s Director of Enforcement, James McDonald, commented on the case:

This case demonstrates the CFTC’s commitment to protecting customers from fraud and abuse in the rapidly evolving digital asset market. We will continue to work closely with our regulatory partners to ensure that this market is free from fraudsters who seek to exploit the public’s interest in these new and innovative products.

Elon Musk Launches His AI Startup Dubbed xAI

By
Samuel Nwite
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0
elon musk
elon musk

On Wednesday, Elon Musk, the owner of Twitter and CEO of Tesla and SpaceX, made a noteworthy announcement regarding the launch of a new artificial intelligence company called xAI, with the primary objective to “understand the true nature of the universe.”

Greg Yang, one of the co-founders of xAI, stated that the startup will focus on exploring the “mathematics of deep learning,” a crucial aspect of AI. The company aims to develop a comprehensive “theory of everything” specifically tailored for large neural networks, with the ultimate goal of propelling AI to new heights and advancements.

Several reports have linked Musk to AI development following his criticism of the way companies, including OpenAI that he cofounded, are running the technology. Early this year, Musk reportedly started recruiting scientists to develop an alternative chatbot to OpenAI’s ChatGPT.

In April, The Financial Times reported that the entrepreneur had secured thousands of GPU processors from Nvidia in order to power a potential large language model, and was already assembling a team of researchers and engineers to work on the AI project dubbed “TruthGPT.”

During that very month, Musk disclosed his plans for a novel AI tool named “TruthGPT” in a recorded interview on Fox News Channel. He expressed concerns about the current focus of AI companies, suggesting that they may prioritize systems that align with political correctness rather than emphasizing objective truth.

In March, Musk and Jared Birchall, who oversees Musk’s family office, purportedly registered xAI as a company in Nevada, as indicated by a filing with the Nevada Secretary of State.

It’s worth mentioning that he had previously altered the name of Twitter to “X Corp.” according to financial filings. However, on the official website of xAI, the company explicitly states its independence from X Corp., adding that it will collaborate with X (Twitter), Tesla, and other companies in order to advance its mission.

The company’s website said Musk and his team will share more information in a live Twitter Spaces chat on Friday.

xAI, which launched its website on Wednesday, revealed that Elon Musk will head the team. The company’s roster of executives comprises professionals with extensive experience in artificial intelligence, hailing from prominent organizations like Google’s DeepMind, Microsoft Corp., Tesla Inc., and esteemed academic institutions such as the University of Toronto.

Team members behind xAI are alumni of DeepMind, OpenAI, Google Research, Microsoft Research, Twitter, and Tesla, who have worked on projects including DeepMind’s AlphaCode and OpenAI’s GPT-3.5 and GPT-4 chatbots.

According to the xAI website, the company has enlisted Dan Hendrycks, the director of the Center for AI Safety as an advisor. This advisory role aligns with the center’s focus on cautioning against the potential existential risks associated with the rapid development of artificial intelligence.

The launch of xAI will see an increase in competition in the artificial intelligence industry, where companies like OpenAI, Google, and Anthropic are already fighting for dominance. Although with the backing of Microsoft which has invested $13 billion, OpenAI leads the pack, xAI led by Musk is expected to cause disruption.

With the launch of xAI, the 52-year-old South African-born serial entrepreneur now heads six companies: Tesla, SpaceX, Twitter, Neuralink, the Boring Co., and now xAI.

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