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Understanding ZkSync Airdrop and how to Position future Opportunities

By
Paul Ugbede Godwin
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0

Crypto airdrop is a marketing method employed by startups in the cryptocurrency space. It involves delivering tokens to the wallets of current cryptocurrency traders, either for free or in exchange for completing simple tasks. The main purpose of airdrops is to increase the visibility, adoption, and circulation of new tokens, as well as to reward loyal supporters.

They can also provide you with some extra income or exposure to potential gains. However, they also come with some risks and challenges that require careful attention and research. By following these tips, you can position yourself for crypto airdrops and enjoy their benefits safely and smartly.

Zksync is a layer-2 scaling solution for Ethereum that aims to improve the speed and lower the cost of transactions on the network. Zksync uses zero-knowledge proofs (ZKPs) to ensure the security and validity of transactions without relying on the main chain.

One of the features of Zksync is that it allows users to create and manage their own tokens on the layer-2 platform. These tokens are compatible with the ERC-20 standard and can be transferred and exchanged on Zksync with minimal fees.

To incentivize the adoption and usage of Zksync, the team behind it has announced an airdrop of its native token, ZKS, to users who have interacted with Zksync in the past or will do so in the future. The airdrop will distribute 10% of the total supply of ZKS, which is 1 billion tokens, to eligible participants.

The eligibility criteria for the airdrop

Users who have made at least one transaction on Zksync before December 1st, 2021, will receive a share of 5% of the total ZKS supply. Users who have made at least one transaction on Zksync between December 1st, 2021, and May 31st, 2022, will receive a share of another 5% of the total ZKS supply. Users who have registered an account on Zksync and verified their email address before May 31st, 2022, will receive a bonus of 10 ZKS.

The distribution of ZKS will be proportional to the number and value of transactions made by each user on Zksync. The more transactions and the higher the value, the more ZKS one will receive. The exact formula for calculating the amount of ZKS for each user will be announced later by the team.

The airdrop will take place in June 2022, after the launch of Zksync 2.0 and ZkEra in 2023, which will introduce smart contracts and decentralized applications (DApps) on the layer-2 platform. Users will be able to claim their ZKS tokens using their existing Zksync accounts or wallets.

Zksync airdrop is an opportunity for users to benefit from the growth and development of one of the most promising scaling solutions for Ethereum. By using Zksync, users can enjoy faster and cheaper transactions while supporting the security and decentralization of Ethereum.

How Can You Position Yourself for Crypto Airdrops?

Stay informed: The first step is to stay updated on the latest news and developments in the crypto space. You can follow reputable sources such as CoinDesk or Investopedia, subscribe to newsletters such as The Airdrop or The Node, or join communities such as Reddit or Telegram.

Do your research: The second step is to do your own research on the projects and tokens that interest you. You can check their websites, whitepapers, social media accounts, or forums to learn more about their vision, team, roadmap, partners, etc.

Be prepared: The third step is to be ready for any opportunities that may arise. You should have a wallet that supports multiple cryptocurrencies and tokens, such as Trust Wallet or MetaMask. You should also have some funds in popular cryptocurrencies such as ETH or BNB that may be required for some airdrops.

Be careful: The final step is to be cautious and vigilant when participating in crypto airdrops. You should never share your private keys or passwords with anyone or send any funds to unknown addresses. You should also verify the legitimacy and security of any website or app that asks you to claim or perform tasks for an airdrop.

Why Are Crypto Airdrops Issued

Crypto airdrops are issued for various reasons, but they all serve the same goal: to promote the new token and its project. Some of the benefits of issuing airdrops are:

Increasing awareness: Airdrops can generate buzz and attention for the new token and its project. By giving away free tokens, the project can attract more users and investors who may be curious about its features and potential.

Building community: Airdrops can foster loyalty and engagement among the existing and potential supporters of the new token and its project. By rewarding users for holding or performing tasks, the project can create a sense of belonging and participation among its community members.

Distributing supply: Airdrops can help distribute the supply of the new token more evenly and fairly among the public. By giving away tokens to a large number of users, the project can avoid concentration of power and wealth among a few early investors or insiders.

Boosting liquidity: Airdrops can increase the liquidity and trading volume of the new token on exchanges and platforms. By giving away tokens to users who may want to sell or trade them, the project can create more demand and supply for its token in the market.

The Best School – Register for Tekedia Mini-MBA, Other Programs and Beat Early Deadline

By
Ndubuisi Ekekwe
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0

Join us at the next edition of Tekedia Mini-MBA which begins June 5 to end Sept 2, 2023.  It is going to be a redesigned courseware and certainly the best edition yet. There will be many business case studies, drawing from local and global companies. If you are looking at how to start or manage or work in a company effectively and efficiently, I invite you to REGISTER. We have got more than 300 faculty from some of the leading global firms you admire in this Institute.

If you register by May 31, 2023, you pay the discounted rate and also get access to my books including The Dangote System, free access to Facyber cybersecurity course, and many other goodies.

Besides Tekedia Mini-MBA, we have Tekedia Startup Masterclass, Tekedia Practice,  Tekedia Industries, etc. All the programs are here .

Click and register, and meet me in the class. Bank managers, professors, medical doctors, engineers, lawyers, traders, students, CEOs, founders, etc attend Tekedia Institute programs. Check our testimonials here –

This is the temple for NEW knowledge; you will see markets and business differently, after spending time in Tekedia Institute. This is the best school; we will help you understand the unborn future right now. Come to the #best school.

UK-based Capita Updates on Cyber Attack Incidents

By
Ojukwu Emmanuel
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0

British outsourcing company Capita, which reportedly experienced two cyber-attacks in March and May this year, has noticed some issues due to the data breaches. The company which runs services for local councils, the NHS, the military, and several others experienced the first hacking incident on the 31st of March which caused a significant IT outage.

The company initially described the hack as a cyber incident primarily impacting access to internal applications and reported that no data appeared to have been stolen. Shortly after, a ransomware group subsequently claimed credit for the attack, and Capita belatedly confirmed that sensitive data had been stolen.

The company resorted to corporate doublespeak in a bid to minimize the severity of the hack, trotting out a made-up measure of affected “server estate” to measure the severity of a hacking incident

The attack spurred the Pensions Regulator (TPR) to write to more than 300 pension funds to ask them to check whether data had been stolen by hackers.

Again, a second data breach occurred in May, after it was reported that the UK-Based firm had left benefits data files in publicly accessible storage. The incident involved an unsecured Amazon Web Services bucket containing more than half a terabyte of data.

In a statement, the ICO at Capita said,

“We are aware of two incidents concerning Capita, regarding a cyber-attack in March and the use of publicly accessible storage. We are receiving a large number of reports from organizations directly affected by these incidents and we are currently making inquiries.

“We are encouraging organizations that use Capita’s services to check their Own position regarding these incidents and determine if the personal data they hold has been affected. If necessary, consider reporting a data breach to the ICO and we will use this information to inform our next steps.”

British security researcher Kevin Beaumont said he found and reported the AWS data exposure to Capita on April 24. “The bucket had been exposed to the internet and unprotected by a password since 2016”, he said, putting at risk 655 gigabytes of data spread across 3,000 files.

Capita then disclosed that the exposed AWS bucket included release notes and user guides, which are routinely published alongside software releases in line with standard industry practice. The firm however did not state that personal data was among the types of information exposed. It did say the bucket was now secure.

Meanwhile, the British local governments disagreed. The Adur & Worthing Councils said in a statement that they don’t believe Capita’s assurances that the AWS breach did not involve personal data for its residents.

The council wrote,

“Our internal investigation has involved reviewing each of the files that Capita has said was involved. Unfortunately, this has revealed that those files did in fact contain some personal data belonging to around 100 Adur and Worthing residents,” although they added that at this stage, we consider that the risk to our residents appears minimal.”

Capita expects to incur exceptional costs of approximately £15m to £20m associated with the cyber incident, comprising specialist professional fees, recovery and remediation costs, and investment to reinforce Capita’s cyber security environment.

The company holds more than $8 billion in U.K. government contracts. Customers include the National Health Service, Britain’s military, the Royal Bank of Scotland, and telecommunications giants O2 and Vodafone, who collectively handle data pertaining to millions of individuals.

Lately, it has continued to work closely and at speed with specialist advisers and forensic experts to investigate and resolve the cyber incident. It has also taken further steps to ensure the integrity, safety, and security of its IT infrastructure to underpin its ongoing client service commitments.

Why Are Binance Australia Users Dumping Bitcoin?

By
Paul Ugbede Godwin
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0

If you are a crypto enthusiast in Australia, you might have noticed a huge price gap between Binance Australia and other local exchanges. Binance Australia, the local branch of the world’s largest cryptocurrency exchange, has faced some challenges in recent weeks. The platform has lost access to a popular instant payment method called PayID, and has been banned by one of the major Australian banks, Westpac. These developments have affected the ability of Binance Australia users to deposit and withdraw Australian dollars on the exchange.

Bitcoin prices on Binance Australia were at a 20% discount to rival exchanges on May 30, 2023, according to Reuters. This means that customers on Binance Australia were selling their bitcoin at much lower prices than the market average. Why did this happen and what does it mean for the future of crypto in Australia?

As of May 30, 2023, the price of bitcoin on Binance Australia was around A$34,000, compared to around A$43,000 on BTC Markets, a local competitor. Outside Australia, bitcoin was trading at around US$27,790 on other platforms. This means that Binance Australia users were selling their bitcoin at a 20% discount to the market average.

The main reason behind this phenomenon is that Binance Australia announced earlier this month that some customers will not be able to deposit or withdraw money after a third-party service provider cut off its service. The service provider, Westpac, is one of the major banks in Australia and was providing fiat on-ramp and off-ramp.

According to data from CoinMarketCap, the trading volume of bitcoin on Binance Australia dropped by more than 50% in the last week, indicating a mass exodus of traders from the platform. Some analysts believe that this is a sign of panic selling, as Binance users fear losing access to their funds or facing legal consequences.

According to data from CoinMarketCap, the trading volume of Bitcoin on Binance Australia has dropped by more than 50% since the announcement on May 25. The price of Bitcoin has also fallen by about 10% in the same period, indicating a bearish sentiment among Australian traders.

There are several possible reasons for this trend. One is that they are afraid of losing access to their funds or being unable to withdraw them after the ban takes effect. Another is that they are anticipating a further decline in the value of Bitcoin due to regulatory uncertainty and market volatility. A third reason is that they are looking for alternative platforms or cryptocurrencies to trade with, such as Coinbase, Kraken, or Ethereum.

Whatever the reason, this phenomenon shows that Binance’s regulatory troubles are having a significant impact on its user base and market share. Binance is currently facing legal challenges and restrictions in several countries, including the US, UK, Japan, Germany, and Singapore. These actions have raised questions about Binance’s compliance and transparency standards, as well as its ability to protect its customers’ interests and assets.

This means that Binance Australia users were selling their bitcoin at an 18% discount compared to other Australian platforms, and at a 15% discount compared to the global market. This could indicate a lack of liquidity and confidence in Binance Australia’s services, as well as a desire to exit the platform before it delists several trading pairs with the Australian dollar on June 1.

Binance Australia has attributed the suspension of fiat on-ramp and off-ramp services to a decision made by its third-party payment service provider, Cuscal. The company has also said that it is looking for alternative fiat relationships to serve its users. Meanwhile, users can still buy and sell cryptocurrencies using credit or debit cards on Binance Australia.

Binance Australia is not the only crypto exchange that has faced regulatory hurdles in the country. The Australian Securities and Investments Commission recently revoked its derivatives license after Binance requested the cancellation. Binance is also under investigation by several U.S. government agencies, including the SEC, DOJ, IRS, and CFTC.

Binance has stated that it is working with regulators and authorities to resolve these issues and ensure its continued operation in different jurisdictions. It has also assured its users that their funds are safe and that they can still access them through other channels, such as Binance.com or Binance Smart Chain.

Sparklo (SPRK) Soars, Neo (NEO) And Maker (MKR) Struggles in the Crypto Market

By
TI Partners
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0

While many cryptocurrencies are turning bearish, Sparklo is consolidating its position in the market with its continuing soaring reputation and value. Similarly, the Neo (NEO) token price seems to be heading downwards, while Maker (MKR) seems to be losing the battle to bearish movement in the crypto market.

Sparklo (SPRK) remains bullish as we await its imminent launch

A significant number of experienced investors with foresight into the future have confidently joined the Sparklo project as they foresee explosive growth of the project in the near future. Still at its presale phase, Sparklo will become the first blockchain-based investment platform that gives investors the opportunity to invest in timeless solid treasures like Silver, Gold and Platinum. Sparklo will allow investors to trade fractionalized NFTs that act as a digital representation of these timeless real-world assets.

The Sparklo token is showing immense potential to become one of the mainstream cryptos in the market. At a projected rise of over 1,000% before the end of the year by crypto experts, the SPRK token is an investment opportunity that shrewd investors will not let pass by. At the current price point of only $0.026 per token, investors can purchase the token and those who purchase the SPRK token will position themselves for the imminent exponential gain soon. As you may have known, it is the early investments in high-potential projects like Sparklo that return significant profits.

Investors’ assets are safe as the liquidity will be locked for 100 years to prevent rug pull. Also, the legitimacy of the Sparklo project has been tested and its audit has been passed by Interfi Network. The project is already in the second phase of the presale. If you missed the first phase, you still have the opportunity to invest in the ongoing second phase of the presale. Sparklo is a very promising investment opportunity that you should check out and invest in.

 

>>>> BUY  TOKENS <<<

Neo (NEO) is struggling to survive the crypto downturn

Neo (NEO) is a community-driven and open-source protocol that allows the production of digital assets and smart contracts on the blockchain network. The price of the Neo (NEO) token saw a significant loss of a -5 % decrease in value within the last 24 hours. However, the 24-hour trading volume increased by 16% to $115,324,430. This downward price movement of the Neo (NEO) coin could be a result of the recent decline affecting many cryptocurrencies.

When you look at the price chart of the Neo (NEO) coin, it shows that the Neo (NEO) coin’s bearish run will likely extend for the next few days. The Neo (NEO) coin, which is ranked #62 in the cryptocurrency market, doesn’t look like a viable investment option for now. Most of the Neo (NEO) coin holders have already diversified to the trending Sparklo project in a bid to recover from their losses. Investors are only after projects that guarantee profit and Sparklo has already been predicted to rise by 1000% in the year.

Significant price slump for the Maker (MKR) token

Maker (MKR) is an Ethereum-based token of the MakerDAO protocol. In the last 24 hours, Maker’s (MKR) price has remained stagnant. Although there are signs that Maker (MKR) could rally but it is still an assumption. Currently, Maker (MKR) is trading at $624.02.

This latest bearish movement of Maker (MKR) may be connected to the news that Tron founder Justin Sun reportedly transferred $4.3 million worth of Maker (MKR) tokens to Binance last Tuesday. This development has been interpreted by traders and analysts as a move by Justin Sun to sell the Maker (MKR) token and if it happens, will have a significant negative impact on the price value of the token. So far, most of the Maker (MKR) investors have ported to the Sparklo project, which is projected to have a bright future.

Find out more about the presale:

 

Website: https://sparklo.finance

Presale: https://invest.sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance

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