Uniswap (UNI), web3’s eminent decentralized exchange (DEX), recently made waves by reaching an extraordinary milestone. Boasting an astounding $391 million in 24-hour trading volume, surpassing even Bitcoin (BTC) and Cardano (ADA), the question arises: How high can Uniswap climb in 2023? In this article, we will delve into Uniswap’s achievements and feature potential as well as discuss two other projects making waves in the crypto world, Signuptoken.com (SIGN) and TRON (TRX).

Uniswap: How High Can UNI Rise In 2023?

Uniswap (UNI) has emerged as the preeminent decentralized exchange for crypto enthusiasts seeking efficient and decentralized trading solutions. Uniswap V3’s record-breaking $391 million trading volume, surpassing Balancer V2, solidifies its popularity among traders. Notably, while the market declined, Uniswap experienced a remarkable 10% gain, showcasing its resilience and growth potential and with a remarkable count of 200 million unique transactions, Uniswap firmly establishes itself as a leader in the DeFi space. By prioritizing liquidity and employing efficient trading methods, Uniswap spearheads the forthcoming wave of DeFi projects.

?So, how high can Uniswap climb in 2023? According to some analysts, it is expected to keep climbing later in the year as it already has seen a significant increase during the last few days. UNI is expected to average around $6.41 at least, with some analysts theorizing it can climb as high as $6.98 in 2023.

Signuptoken.com: Making One Million Millionaires

Now, let’s shift our focus to Signuptoken.com (SIGN), a groundbreaking cryptocurrency project that introduces an innovative approach to token launches. Rather than conducting a traditional presale, Signuptoken.com gauges interest by collecting email subscriptions from prospective investors, and when these registered emails reach one million, the token will be released to the public. With an impressive tally of over 6,000 email subscriptions and counting, the project has already made some significant strides towards that goal. Early subscribers will receive an exclusive opportunity to purchase the token before it is publicly announced through a mass email notification, ensuring fairness and rewarding early supporters through this novel approach. Signuptoken.com stands poised to disrupt the market with its unique launch strategy, providing crypto enthusiasts with a fresh investment experience.

TRON’s Justin Sun Transfers $43 Million In Crypto

TRON (TRX)’s dynamic Justin Sun recently captivated the crypto community’s attention with his transfer of 23,000 ETH, valued at $43 million, to Poloniex. This move has sparked speculation and curiosity, and while the transfer’s purpose remains undisclosed, it is believed that Sun might gradually liquidate the funds to capitalize on Ethereum’s price surges.

Like any active participant in the DeFi ecosystem, Sun engages in staking activities and provides liquidity on exchanges. Although concerns regarding a potential sell-off exist, the impact on the Ethereum market would likely be limited, considering Sun’s holdings extend beyond Ethereum. According to some crypto analysts, it is anticipated that by the end of summer in 2023, the price of TRX could hover around $0.0767. In December of the same year, there is a possibility that TRON might decline to a minimum of $0.0711, but TRX’s highest point also expected to happen during December 2023 at $0.0822, with the potential return on investment (ROI) standing at 2.7%.

As Uniswap reaches new heights in 2023 with its historic trading volume, the crypto market eagerly awaits its future trajectory. Uniswap’s success driven by liquidity and its significant role in the DeFi revolution positions it as a strong contender for further growth. Additionally, Signuptoken.com’s innovative token launch approach is generating excitement and anticipation among crypto enthusiasts by keeping them in touch with the project through its newsletter. Meanwhile, TRON, under the guidance of Justin Sun, continues to make dynamic moves within the DeFi ecosystem, leading to speculation on potential market impact. Visit Signuptoken.com today to learn more about this project and register your emails to be the first to know of ay developments, and don’t forget to buy SIGN to start referring people to the project for rewards.

SIGNUP TOKEN: Join The Millionaires’ Club

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

I was in a big church the other day and I noticed that the sound was very bad, there were also network glitches during the service. The services are streamed live from the headquarters, distributed across to the other campuses. The pastor complained that the devil has been fighting the services so that people will not be blessed hence why the devil is causing the network glitches and the bad sounds. 

Well, in defense of the devil, it is not everything that one should attribute to the devil. If you fail to do what you ought to do, you do not go about calling out the devil. I strongly believe that the problem with the sound and the network glitches are technical problems that the devil has no hands in.

I remember some campus fellowship I attended back then in the University, the generating set was bad and it ought to be serviced regularly or changed totally but, it was still used to power and loaded with heavy-duty equipment beyond its capacity and the generator would go off during the service. Then I was a member of the prayer group of the fellowship, so the leader of the prayer group would call all the members of the group outside and ask us to start praying against every devil fighting against the service through the generating set.  We would sometimes spend hours praying but our prayers would not be answered as the generator would keep coming on and off till the end of the service. 

Things like this are most of the problems we face in Africa, especially Nigeria, trying to attribute anything and everything to the devil or spiritual attack even when it is obvious that we fail to do what we ought to do. Commonsensically, if you load a generator, especially an old generator with heavy duty equipments beyond its capacity, the generator will go off or even spark, what needs to be done is to reduce the equipment or change the generator totally; once we were able to buy another generator, the devil stopped fighting the service as the new generator unlike the old one does no longer go off; what a coincidence.

Most times you will see someone doing some nasty things, and when asked his reason or motive he will be quick to call the devil; I believe that the devil itself it’s too busy to engage in some petty things like turning off the generator of a small campus fellowship or causing network glitches during live streaming of services. 

I am not doubting the fact that the devil works but there are some things that common sense should let you know to fix and that will be all instead of blaming the devil for what it has no hand in.

The Non-Oil Export Stimulation Loan Facility (NESF) was introduced by the Central Bank of Nigeria (CBN) to diversify the revenue base of the economy and to expedite the growth and development of the non-oil export sector. 

The Facility was conceptualized to help redress the declining export financing and reposition the sector to increase its contribution to economic development. 

This article will be looking at the provisions of the framework governing the NESF loan, particularly with regard to its objectives, value, eligibility criteria and application procedure.

What are the objectives of the NESF Facility?

The objectives of the Facility are to: 

– Improve access of exporters to concessionary finance to expand and diversify the non-oil export baskets;

– Attract new investments and encourage re-investments in value-added non-oil exports production and non-traditional exports;

– Shore up non-oil export sector productivity and create more jobs;

-Support non-oil export-oriented companies to upscale and expand their export operations as well as capabilities; and

-Broaden the scope of export financing instruments.

What are the eligibility criteria as prescribed by the NESF guidelines?

Eligible Borrowers/Beneficiaries

Non-oil export-oriented enterprise that fulfills the under-listed conditions shall be eligible to participate under the NESF as long as they:

– Are duly incorporated in Nigeria under the Companies and Allied Matters Act (CAMA). 

– Have verifiable export off-take contract(s). 

– Provide satisfactory credit reports from at least two licensed indigenous credit bureaux in line 

with the provisions of CBN Circular BSD/DIR/GEN/CIR/04/014 dated April 30, 2010.

Eligible Transactions

Eligible transactions that shall qualify for funding under the NESF shall include:

– The export of goods processed or manufactured in Nigeria;

– The export of commodities and services, which are allowed under the laws of Nigeria;

– Imports of plant & machinery, spare parts and packaging materials, required for export-oriented production that cannot be sourced locally; 

– The resuscitation, expansion, modernization and technology upgrade of non-oil export industries;

-Export value chain support services such as transportation, warehousing and quality assurance infrastructure; 

-Working capital/stocking facility; and

– Structured trade finance arrangements.

Participating Financial Institutions (PFIs)

The following shall be eligible to participate under the Facility: 

– Deposit Money Banks (DMBs).

– Development Finance Institutions (DFIs).

What are the features of the NESF loan?

Lending Limit 

Term loans under the Facility shall not exceed 70% of verifiable total cost of the project subject to a maximum of ?5,000,000,000.00.

Tenor

The NESF shall have a tenor of up to 10 years and shall not exceed the 31st of December, 2027.

Working capital/stocking facility shall be for one year with the option of roll-over once subject to the approval of the CBN.

Repayment

Repayments of principal and interest shall be quarterly and in accordance with the agreed repayment schedule.

Moratorium

-Moratorium shall be for one (1) year.

– In the case of construction projects, the option of roll over for a period of up to one (1) year may be allowed, subject to approval by the CBN. 

What is the prescribed interest rate of an NESF credit facility? 9% annually.

What is the application procedure for a facility under the NESF guidelines?

Submission of Requests

-A PFI shall submit an application to CBN on behalf of its customer in the prescribed format.

-In the case of loan syndication, the lead bank shall submit an application on behalf of other banks. All correspondence with respect to the application shall be with the lead bank. 

Documentation Requirements

-Each request for a facility is to be accompanied by the following documents: 

– A written request from the project promoter to a PFI seeking funding under the NESF.

– A completed application form.

– Certified true copies of documents on business incorporation.

– The applicant’s preceding three (3) years tax clearance certificate. 

– An audited statement of accounts for the last three (3) years (where applicable) or the most recent management account for companies less than three (3) years in operations.

– A feasibility study/ business plan of the project.

– Relevant permits/ licenses/ approvals (where applicable).

– Any other document requested by the CBN.

What are the roles and responsibilities of stakeholders in the NESF facility framework under the guidelines?

The Central Bank of Nigeria

– To provide loanable funds for the implementation of the scheme.

– To issue the NESF guidelines.

– To act as the managing agent.

– To determine lending limits and applicable rates.

– To provide regulatory and supervisory oversight.

– To sanction PFIs for infractions.

– To monitor and evaluate the projects.

The Participating Financial Institutions (PFIs)

– To disburse funds to eligible export companies at the approved rates.

– To ensure timely disbursement of funds to approved projects.

– To ensure due diligence is followed in the administration of credit facilities.

– To bear the credit risk on loans granted to beneficiaries under the NESF.

– To ensure timely remittance of principal and interest payments due to the CBN.

– To monitor and ensure proper utilization of funds.

The Beneficiary 

The beneficiary shall:

– Utilize the funds for the purpose for which it was granted.

-Adhere strictly to the terms and conditions of the loan and comply with all relevant laws and regulations. 

– To make the project site(s) and records accessible to CBN and PFIs for inspection.

– To provide periodic reports on the status of the project in prescribed format as well as periodic financial statements in line with extant company registration regulations.

What are the provisions of the guidelines on discontinuation of the facility ?

All undisbursed funds, repaid amounts or discontinued facility shall be reported and funds returned to CBN within 5 working days giving details of the facility and reasons for discontinuation. 

What is the penalty for defaults under the NESF guidelines?

-In the event of default in loan repayment of principal and/ or interest by the borrower, the PFI shall have the right to charge its prevailing interest rate on the amount in default. 

– The failure of a PFI to disburse funds to the borrower within the period agreed in the loan agreement shall attract a penal charge of the maximum lending rate of the PFI for the period that funds were not disbursed.