DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 4084

Cosmic Connections, Chainlink Sorcery, and DogeMiyagi’s Zen: The Triumvirate of Innovation Revolutionizing Platform Paradigms!

0

By utilizing innovation to transform the landscape, Chainlink (LINK) and Cosmos (ATOM) have established themselves as prevalent players on the cryptocurrency index. They also inspire new presale memes like DogeMiyagi (MIYAGI) to push forward the ethos and innovate groundbreaking technologies to improve their ecosystems, fueling their growth and prospects.

This article will discuss how innovative technology can enhance investor adoption of cryptocurrency and the fortunes of cryptocurrency projects. This article will also explore the unique features of Chainlink, Cosmos and DogeMiyagi and how innovation is vital to their success.

Chainlink-ing Up The Landscape

Chainlink, often called the “Oracle of the blockchain,” solves a critical challenge in decentralized applications (dApps) – integrating smart contracts with real-world data. By providing secure and reliable connections to external data sources, Chainlink enables smart contracts to interact with off-chain information, making them more robust and versatile. This innovative approach has gained significant traction in various industries, including finance, supply chain management, and insurance.

One key feature that sets Chainlink apart is its decentralized Oracle network. It leverages a network of node operators that fetch and validate data from various sources, ensuring its integrity and reliability. This decentralized architecture minimizes single points of failure and enhances security, addressing the concerns of trust and manipulation. As a result, Chainlink has become the go-to solution for developers seeking reliable data inputs for their dApps.

Cosmos Are Aiming For The Stars

While Chainlink focuses on data integration, Cosmos sets its sights on enabling seamless interoperability between different blockchain networks. Cosmos acts as a “blockchain of blockchains” by introducing a framework that allows independent blockchains to communicate and transact. This technology, known as the Inter-Blockchain Communication (IBC) protocol, provides a scalable and efficient solution to the blockchain interoperability problem.

By implementing IBC, Cosmos allows tokens and data to flow between blockchains within its ecosystem, fostering collaboration and innovation. This interoperability empowers developers to leverage specialized blockchain features and create novel applications with increased functionality. Moreover, Cosmos ensures the security of inter-blockchain communication through its robust consensus mechanism and governance framework, thereby building trust among participants.

Chainlink and Cosmos have promising prospects. Chainlink’s reliance on decentralized oracles makes it well-positioned to cater to the growing demand for reliable and tamper-proof data in various sectors. With partnerships and integrations across industries, Chainlink is poised to become the standard for connecting smart contracts with real-world information.

DogeMiyagi: Chasing More Than Its Tail

Despite being a relatively new cryptocurrency, DogeMiyagi demonstrates a solid commitment to harnessing innovative technology to enhance its platform. The project embraces the principles of decentralization and peer-to-peer value exchange, aligning with the core tenets of the blockchain industry. Drawing inspiration from the iconic Karate Kid film, DogeMiyagi cleverly incorporates memes, humor, and nostalgia themes, engaging its community uniquely and captivatingly.

An exceptional facet of DogeMiyagi’s branding strategy lies in its burning token model, which effectively leverages innovative technology to improve the platform. This burning token model is designed to align with the community’s interests, focusing on increasing the value of the tokens. The project has meticulously planned five burning dates, coinciding with the US release dates of the Karate Kid film. These strategically planned burning events hold significant potential for boosting the token’s value while simultaneously fostering a stronger bond among community members.

Moreover, DogeMiyagi elevates the community engagement to higher heights by implementing a referral program. This program offers community members a 10% commission on every referred investment, incentivising them to invite others to join the platform. By doing so, DogeMiyagi effectively promotes growth and creates a network effect within its community. This innovative referral program aligns perfectly with the project’s overarching objective of empowering its community while actively encouraging expansion.

By addressing critical challenges and harnessing groundbreaking technology, Chainlink and Cosmos have experienced remarkable growth and possess promising prospects for the future. Additionally, DogeMiyagi highlights the power of innovative technology in driving investor adoption.

 

For more on DogeMiyagi, check out the links below:-

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

Can Passive Income Make You Millions? A Look At Avalanche, Cosmos And Caged Beasts

0

Passive income has become an increasingly popular financial goal for many individuals seeking to achieve financial freedom and security. But can passive income make you millions? We’ll have a look at that by going through three cryptocurrencies: Avalanche (AVAX), Cosmos (ATOM) and Caged Beasts (BEASTS).

These platforms offer unique features and opportunities for individuals to participate in decentralised finance (DeFi) and generate substantial returns without the need for active involvement in day-to-day operations. But can they make you millions?

Passive Income With Avalanche

Avalanche is a high-performance blockchain platform designed to enable decentralised applications (dApps) and smart contracts. Its primary consensus mechanism, Avalanche consensus, allows for quick transaction confirmations and low fees, making it an attractive option for users. There are two main ways to generate passive income on Avalanche: staking and yielding.

By staking AVAX, the native token of Avalanche, individuals can participate in the network’s consensus mechanism and earn rewards for securing the network. Validators are responsible for processing transactions and maintaining the network’s integrity, and they receive a portion of the transaction fees and newly minted tokens as incentives.

Avalanche hosts a variety of DeFi protocols, such as lending, borrowing, and decentralised exchanges. Users can provide liquidity to these platforms by depositing their AVAX or other compatible tokens. In return, they receive trading fees and additional rewards in the form of native tokens or other incentives. This process, known as yield farming, can potentially generate substantial passive income.

Exploring The Cosmos

Cosmos is another prominent blockchain platform that facilitates interoperability between different blockchains. Its ecosystem consists of multiple independent blockchains, called zones, connected through a central hub, known as the Cosmos Hub. Individuals can leverage Cosmos to generate passive income through staking and participating in decentralised applications.

Cosmos utilises a proof-of-stake (PoS) consensus mechanism, allowing users to stake their ATOM tokens and become validators or delegators. Validators process transactions, secure the network and receive rewards in the form of transaction fees and newly minted tokens. Delegators, on the other hand, can delegate their tokens to validators and earn a portion of the staking rewards.

Cosmos also provides opportunities to participate in various DPoS projects within its ecosystem. These projects, such as Kava, Terra, and Akash, enable users to earn passive income by staking their ATOM tokens or other compatible assets. By participating in these projects, individuals can earn staking rewards, transaction fees, or governance tokens.

Generating millions in passive income using Avalanche and Cosmos requires careful research, risk assessment, and active engagement with the respective platforms. By staking their native tokens, engaging in yield farming, and participating in various DeFi protocols and projects, individuals can potentially earn substantial passive income.

Crypto Referral With Caged Beasts Can Yield High Dividends

Caged Beasts introduces a unique meme coin that diverges from conventional tokens and financial systems. It transcends being a mere cryptocurrency by narrating a tale of locked liquidity transforming into formidable cybernetic creatures.

Notably, a substantial portion of the funds remains locked until they are eventually released, presenting secure opportunities for investors and participants in decentralised finance (DeFi). With a lively community, Caged Beasts cultivates a sense of financial freedom and fosters boundless imagination within the realm of cryptocurrencies.

Now, let’s delve into their referral programme.

Essentially, each user is assigned a personalised referral code. When another individual employs this code to make a purchase, you immediately receive 20% of the amount they deposited in popular cryptocurrencies such as ETH, BNB, or USDT. These funds can be utilised freely according to your preferences.

This innovative approach revolutionises presales by establishing a sense of community where everyone’s investment contributes to the prosperity of others. What enhances the appeal of this referral scheme even further is that the individual using someone else’s code also receives an additional 20% of BEASTS tokens. It becomes a mutually beneficial scenario for both parties involved, as they both receive rewards from each transaction, making it highly advantageous.

 

Caged Beasts

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

All Eyes Turn To Big Eyes Coin CEO Ahmed Yalom In Upcoming AMA

0

Privacy in this modern era of digital finance is hard to come by, as many organisations need NDAs to facilitate private functionality. However hard you try, there will always come a point when the truth will come out. The newly revealed Big Eyes Coin (BIG) CEO Ahmed Yalom has embraced the doxxing realities and plans to meet his public.

The Israeli entrepreneur Ahmed Yalom has sparked enthusiasm and curiosity among investors and the crypto industry by opening the doors and setting the stage for an exciting new chapter in the project’s journey. By organising a Reddit Ask Me Anything (AMA), Ahmed Yalom has sent a clear message to potential investors looking for a connected and prosperous community.

The Big Eyes Coin presale had set the fundraising standard before launch and gifted the emerging powerhouse fuel for growth over the next six months. The roadmap consists of a 24-month plan that is bound to gather pace in the following weeks. Big Eyes Coin is already operating on major exchanges like LBank, OKX, Uniswap, and Poloniex and plans to integrate with an overall ten exchanges as the roadmap progress.

As the CEO of Big Eyes Coin, Ahmed Yalom, was revealed through an internet doxxing event, the potential ramifications sent shockwaves through the crypto community. The incident served as a stark reminder of the perils lurking behind the dark corners of the fintech realm. However, Big Eyes Coin responded to this unfortunate event with resilience, demonstrating their commitment to creating an innovative concept.

The history of doxxing events in the crypto space has shown that while they can initially be disruptive, they often become catalysts for project improvement. Big Eyes Coin demonstrates a commitment to transparency and accountability by unmasking the CEO and team members to the public. The revelation fosters a deeper connection between the project and its community, instilling trust and confidence in its vision and direction.

One of the main reasons for the immediate expansion of the Big Eyes Coin investment adoption is due to the consistent efforts of innovation. The launch of its new Big Eyes Coin Casino on August 29, 2023, symbolises the continued efforts of the development team, even in the face of adversity. The new crypto casino will consist of 4,000 casino games, including a number of play-to-earn options. The casino will exclusively accept Big Eyes Coin for all transactions on a 24-hour basis. A lot is going on with this project; head down to the upcoming Reddit AMA to learn more.

 

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: Telegram: Contact @BIGEYESOFFICIAL

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

Twitter: https://twitter.com/BigEyesCoin

Debt Management Office Warns Nigerian Government that Taking Further Loan is Unsustainable

0

The Debt Management Office (DMO) has warned the Federal Government of Nigeria (FGN) not to take further loans, amid revenue shortfalls rocking the nation’s economy.

With a public debt profile of about N 47.73 trillion, Nigeria is facing a potential debt-induced economic crisis. The DMO said 73.5% of this year’s revenue will be used to service debt, creating an unsustainable high Debt Service-to-Revenue ratio.

The preceding government led by former President Muhammadu Buhari, increased Nigeria’s public debt from N12 billion in 2015 to nearly N50 trillion in 2023. That includes about N23 trillion in Ways and Means loans from the central bank.

Thus, the present administration led by Bola Tinubu inherited a debt-servicing burden amid heavy revenue shortfalls that emanated mainly from low oil prices and output.

The DMO analysis

In its analysis, the DMO revealed that the Total Public Debt-to-GDP ratio is projected to increase to 37.1% in 2023, mainly due to new borrowings, FGN Ways and Means at the CBN, and estimated Promissory Notes issuance. While the baseline scenario indicates that the debt stock remains sustainable, the borrowing space has been reduced compared to the self-imposed debt limit of 40%.

The projected FGN Debt Service-to-Revenue ratio of 73.5% for 2023 exceeds the recommended threshold of 50% due to low revenue. This highlights the urgent need to significantly increase government revenue. The DMO emphasized the importance of adhering to existing legislation on government borrowing, such as the Fiscal Responsibility Act 2007 and the Central Bank of Nigeria Act 2007, to moderate the growth rate of public debt.

Furthermore, the DMO called for a focus on revenue mobilization initiatives and reforms to increase the country’s tax revenue to GDP ratio. It also suggested encouraging private sector involvement in funding infrastructure projects through Public-Private Partnerships (PPP) and reducing borrowing by privatization or sale of government assets.

Results of 2022 MAC-DSA show that the Total Public Debt-to GDP ratio is projected to increase to 37.1 percent in 2023 relative to 23.4 percent as at September 2022, due to the inclusion of the N8.80 trillion (New Borrowings) for the year 2023, the FGN Ways and Means at the CBN of over N23 trillion and estimated Promissory Notes issuance of N2.87 trillion in the Debt stock under the Baseline Scenario.

The Country’s Debt stock remains sustainable under these criteria, but the borrowing space has been reduced when compared to Nigeria’s self-imposed debt limit of 40 percent set in the MTDS, 2020-2023. On the other hand, the FGN Debt Service-to-Revenue ratio at 73.5 percent in 2023 which exceeds the recommended threshold of 50 percent due to low revenue, means that there is a need to significantly increase Government revenue.

Under the Alternative Scenario, the Total Public Debt-to-GDP ratio at 45.4 percent in 2023 exceeds Nigeria’s self-imposed debt limit of 40 percent, while the FGN Debt Service-to-Revenue also exceeds the recommended threshold of 50 percent.

Recommendations

The DMO recommended that the FG focus on increasing revenue generation to achieve a sustainable Debt Service-to-Revenue ratio. It suggested raising the projected FGN revenue from N10.49 trillion to about N15.5 trillion. These recommendations were made after analyzing the nation’s debt profile in 2022.

The DMO made further six recommendations:

  1. Although the Baseline analysis projects the Total Public Debt-to-GDP ratio at 37.1 percent for 2023 indicating a borrowing space of 2.9 percent (equivalent of about N14.66 trillion) when compared to the self-imposed limit of 40 percent, it is recommended that this should not be used as a basis for a higher level of borrowing as was the case in the 2023 Budget.

This is because the outcome of the Shock Scenario, which is more realistic in the circumstances, exceeded the self-imposed limit.

  1. The projected FGN Debt Service-to-Revenue ratio at 73.5 percent for 2023 is high and a threat to debt sustainability. It means that the revenue profile cannot support higher levels of borrowing. Attaining a sustainable FGN Debt Service-to-Revenue ratio would require an increase of FGN Revenue from N10.49 trillion projected in the 2023 Budget to about N15.5 trillion.

  2. With respect to expansion in fiscal deficit, there is a need to strictly adhere to the provision of extant legislations on Government borrowing, especially the Fiscal Responsibility Act 2007 and Central Bank of Nigeria Act, 2007 as it relates to Ways and Means Advances, in order to moderate the growth rate of public debt.

  3. There is an urgent need to pay more attention to revenue generation by implementing far-reaching revenue mobilization initiatives and reforms including the Strategic Revenue Growth Initiatives and all its pillars with a view to raising the country’s tax revenue to GDP ratio from about 7 percent (one of the lowest in the world) to that of its peer.

  4. Government should encourage the private sector to fund infrastructure projects through the Public-Private Partnership schemes and take out capital projects in the Budget that are being funded from borrowing, thereby reducing the budget deficit and borrowing.

  5. Government can reduce borrowing through privatization and/or sale of Government assets.

World Music Day; This Is For Every Nigerian Musician

0

Yesterday, the 21st of June 2023 was world music day. 21st of June every year has been a date that is reserved exclusively to celebrate music and by extension celebrate the creators of music; the musicians. The primary purpose of celebrating world music day is to encourage aspiring musicians to share their crafts, gain more visibility and create a forum for artists to demonstrate their abilities.

The major problem encountered by aspiring musicians is visibility. Getting to “blow” and becoming famous so that a large number of people will listen to their music and appreciate their talents and from that generate revenues for themselves. Out of that desperation “to blow”, budding artistes have yoked themselves with some throat-cutting record label deals only to regret why they signed the deal later on. 

I recently got a brief from an artiste who was complaining hard that he signed out of desperation an eight-year record deal with a record label and he is expected to release 400 songs for the label for the period of the eight years. One of the clauses stated that if the artistes wish to leave the label without dropping 400 songs for the period of the 8 years term, the artiste is to pay the label a certain huge amount of money as compensation. 

The legal truth is, no matter how brutal a record label deal like this may seem, it is a contract and every party in a contract is expected to fulfill his or her own obligation in the contract or he will be held for breach of the contract unless the contract was made under fraud, facts were misrepresented or a party signed the contract under coercion or undue influence. 

When an artiste signs a record deal contract, it is presumed that the artiste thoroughly read, reviewed the contract, and understood its contents before he appended his signature and he signed it knowing fully what he is signing and it, therefore, becomes a binding contract which the artiste must fulfill his own obligation, anything other than that amounts to breach of contract.

Although, there are some exceptions to an artiste leaving a label without fulfilling his obligation and it won’t be held to be a breach of the record label contract; this includes when a record label deals or the contract expects you as an artiste to do what is literally impossible. 

Like if a record label expects you to record and release a new song every minute of the day, this is literally impossible and a court of equity will hold that there has not been a breach if the artist fails to fulfill this obligation. Also, If the record label that signed the artist fails to fulfill its own obligation or hold up to its own side of the bargain then an artist can exit the label and he won’t be held to have breached the contract. 

For instance, if the clause in the record label contract states that the record label will pay the artiste a certain amount as an advance fee for the contract but the label fails to do that, then they have failed to hold up their own end of the bargain and the artiste is entitled to exit. Also if the label fails to regularly invest in the music and promote the music of the artiste as the contract stated, then the artiste is entitled to exit the label anytime and he won’t be foreclosed for breach of contract. 

It is always advised that despite your desperation to blow, endeavour to consult a lawyer who will interpret the contents of the contract to you in layman’s terms, and renegotiate some clauses of the contract before you sign it.