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Collateral Network’s (COLT) Anticipated 35x Presale Growth Prompts Investors To Leave Chainlink (LINK) And The Sandbox (SAND)

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The market dominance of Collateral Network (COLT) has been surging as experts have projected growth of at least 3500% during the presale. Holders of Chainlink (LINK) and The Sandbox (SAND) have shedding their tokens to buy COLT tokens before they get sold out.

>>BUY COLT TOKENS NOW<<

Chainlink (LINK) Launches NFT Lending And Renting

Chainlink (LINK) has introduced NFT renting and lending on the network. According to the Chainlink team, this new development will provide another source of revenue for developers.

According to Chainlink, this new feature will create new business opportunities, and people will be allowed to lend virtual land and avatars represented as NFTs. Chainlink is currently ranked 21st by market capitalization, and with the current development, it hopes to see an increase in its market standing.

However, the price movement of Chainlink has been abysmal for the past many weeks. The market value of Chainlink has dropped by 13% in the past seven days. Consequently, Chainlink (LINK) is currently changing hands at $7.14.

The Sandbox (SAND) Will Launch New Features In The 2023 Q2

The recent market performance of The Sandbox (SAND) has been extremely bearish, as the metaverse-based project has seen a sharp decline in the number of active users. Subsequently, the trade volume of The Sandbox has also tumbled, pulling the price of The Sandbox (SAND) down by 10% in the past month. Thus, The Sandbox (SAND) is currently trading at $0.59.

However, The Sandbox has released a detailed roadmap for the second quarter of 2023 to turn the tides in its favor. The Sandbox has planned many new features, including ‘Self-publish’ and a new ‘Game Maker,’ in the upcoming months. Meanwhile, The Sandbox has inked deals with many leading educational institutions to open their campuses in its metaverse.

Bulls Join Collateral Network’s (COLT) Growth Charge

Collateral Network (COLT), a Web3 crowdlending platform, is set to revolutionize and disrupt the global lending market. Built on the Ethereum blockchain, the platform enables people to borrow crypto against their physical assets, which act as collateral, on the blockchain.

This challenger lender aims to solve many of the issues inherent with the traditional lending sector today.

The platform is accessible from all geographical regions and allows users to unlock liquidity without impacting their credit files or selling their tangible assets. A wide range of physical assets, such as watches, real estate, jewelry, fine wines,  gold, and diamonds can be used. This immediately introduces much needed liquidity for assets that traditionally hold their value well but are illiquid.

COLT is the utility token of the platform and holders of the token receive many perks. Borrowers receive discounts on borrowing fees, lenders receive discounts while using the marketplace. The main perk however is the exclusive access to the auctions for distressed assets, providing an opportunity  for the Collateral Network community to pick high value assets at below market value prices.

The price of COLT began at $0.01, and its market price has now increased to $0.014 (40% price increase already!). It is believed that the market price of a COLT token will surge by 3500% to $0.35 by the end of the presale phase.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Tekedia Mini-MBA Graduation Video

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Greetings! It’s Graduation Day at Tekedia Mini-MBA, and everyone is invited to our ceremony. During the event, Lead Faculty of Tekedia Institute, Ndubuisi Ekekwe, will deliver a graduation message titled “Building Category-King Companies and Winning in Business”. Here are the details:

Graduation Lecture: Building Category-King Companies and Winning in Business
Date/Time: Sat, May 6 | 7pm – 8.30pm WAT
Presenter: Prof Ndubuisi Ekekwe
Zoom Link – Zoom Link

We also report that Pan Atlantic University (of Lagos Business School) made a generous donation to Tekedia Mini-MBA Graduation Ceremony. If you are in Lagos, please attend the physical event. Tekedia Institute appreciates the uncommon kindness we have received from PAU.

Video now moved to the Class Board….

Learners: you are now #ready2lead. Congratulations.

Regards,
Tekedia Mini-MBA Team
(Next Tekedia Mini-MBA begins on June 3, 2023; register here for early discounts)

Notable Provisions of the CBN Guidelines on Instant EFT (Electronic Funds transfers) in Nigeria

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The Central Bank of Nigeria (CBN) Regulations on Electronic Funds transfers, first issued in July, 2018, were made pursuant to the Central Bank of Nigeria Act 2007 to promote a sound financial system in Nigeria and the facilitation of an efficient and effective payments system in Nigeria.

This article will be looking at these regulations in-depth, with a focus on the topics of:-

– Their applicability scope

– Their objectives

– The important stakeholders in the electronic instant transfer value chain and their roles and responsibilities. This would also include the roles and responsibilities of receiving and sending entities

– Dispute Resolution

– Sanctions

What is the applicability scope of the CBN Regulations? 

The regulations apply to instant electronic fund transfer services in Nigeria on various payment channels and any payment platform that seeks to provide instant electronic funds transfer services in Nigeria. 

What are the objectives of the regulations?

The objectives of the regulations are :-

– Setting out the rules for the operation of instant electronic funds transfer services in Nigeria.

– Prescribing the rights and obligations of the parties to such services.

– Provision of the minimum standards for the operations of the parties to EFT services.

– The stipulation of procedures geared towards the enhancement of the soundness of instant EFT services while adequately protecting the interests of instant EFT customers and operators.

Which parties are mentioned in the regulations as stakeholders in instant EFTs and what are their respective roles and responsibilities?

The regulations mention the following entities as stakeholders :-

  1. The CBN as a regulator
  1. Financial Institutions (FIs)/Sending and Receiving entities

Responsibilities (Sending entity)

– To provide name enquiry support to the customer to minimize instances of wrong credits.

– To not provide instant EFT services to walk-in customers without any bank account in Nigeria.

– To fully secure debits against customer accounts before initiating transfers.

– To provide notification of debits to customer accounts as agreed with customers. 

Responsibilities (Receiving entity)

– Apply instant EFT proceeds to the customer’s account within 60 seconds.

– Ensure that instant EFT proceeds have been credited to a customer’s account before confirming to the sending entity that the transaction was successful.

– Process all inward instant debit transactions subject to valid debit mandates. 

  1. Instant EFT Service providers

Roles and Responsibilities

– Ensure compliance with the minimum standards issued by the CBN and as amended from time to time.

– To develop and circulate user guides to educate and enlighten other stakeholders on its instant EFT service. 

– To maintain confidentiality of instant EFT transactions and information obtained in the course of discharging its responsibilities and shall ensure that those responsibilities extend to its employees.

– To provide name enquiry support to minimize instances of wrong credits.

  1. Customers (originator & beneficiary)

Responsibilities

– To provide accurate beneficiary account details for every EFT instruction.

– To report problems arising from EFT transactions promptly to the sending/receiving entity.

– Whenever a credit has been erroneously applied to the customer’s account with the receiving entity, the customer shall promptly notify the receiving entity and authorize the reversal of such erroneous credit. 

  1. Any other stakeholders as may be determined by the CBN.

What are the provisions of the regulations regarding dispute resolution?

The CBN Regulations provide that instant EFT service providers shall properly document and circulate among sending and receiving entities a dispute resolution system, DRS, process. Also , all instant EFT disputes shall be resolved within 3 working days. 

What are the provisions of the regulations regarding sanctions?

The regulations provide that failed NIP transactions not reversed into customer accounts within 24 hours based on a complaint of a sender or beneficiary shall result in a fine of 10,000.00 Naira per item.

Also, delayed applications of valid NIP transactions into the accounts of beneficiaries beyond 4 minutes based on the complaints of senders or beneficiaries shall incur a fine of 10,000.00 Naira per item.

Klaytn (KLAY) and Neo (NEO) See Rapid Dips as Sparklo (SPRK) Sells Out Phase One

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The blockchain market seems to be receiving lots of attention ever since the launch of Bitcoin (BIT). This is due to the fact that Bitcoin (BIT) offered early investors a way of managing their investments. However, recent and upcoming cryptos seem to also have the same effect, including Sparklo, while others like Klaytn (KLAY) and Neo (NEO) continue to sink down the graph charts.

In piece will cover why Sparklo has managed to advance in its presale stages while its price continues to increase.

Why Sparklo (SPRK) Is Becoming Popular

First, SPRK will make precious metal investments accessible to all investors. This will undoubtedly shake up the market, as SPRK will be the first platform to make it possible to purchase small amounts of silver, gold, and platinum.

Investors will also be drawn by the 30% bonus that is being offered during its stage two presale stage. With a 100-year token lockup, the security and investment of its users will be guaranteed, a whole new reason why it is becoming popular within the crypto market.

Sparklo will also be taking transparency to new levels, all thanks to a full InterFi Network Audit and KYC audit that have been completed. Buying the token now guarantees huge returns, with analysts predicting a 4,000% price projection in the coming months.

>>>> BUY SPARKLO TOKENS <<<

Klaytn (KLAY) Doing Its Best to Recover

Klaytn (KLAY) was designed for gamers and the metaverse. It’s a public blockchain market-grade support platform that was launched in 2019. Klaytn (KLAY) offers thousands of Klay investors a user-friendly interaction. It also makes use of a special three-in-one blockchain combination.

With different unique features, Klaytn (KLAY) allows businesses to customise and build services within the blockchain ecosystem. As of the last 24 hours, blockchain was trading at $0.226, which was a 1.06% surge. However, with a current market cap of #65, Klaytn (KLAY) seems to be struggling to retain its glory. On the other hand, this has impacted Klaytn (KLAY) investors, with many looking for other potential investments.

Neo (NEO) Loses Its Competitiveness

Neo (NEO) used to be a very competitive crypto giving other platforms, such as Ethereum, a run for their money. Neo (NEO) was seen as the best replacement for the smart reigning king of contracts. However, as time passed, these odds seemed to have taken another route, with Neo (NEO) surviving chances taking a downward trend.

2017 saw Neo (NEO) struggling to reach its height as Ethereum took a shift towards Proof-of-stake. This tendency continued even in 2021, with many investors feeling disappointed about the investment. Neo (NEO) trades at $0.24 within the past day.

Sparklo (SPRK) Offers Hope to Investors

SPRK, having entered its stage two presale, continues to offer better hopes for investors. The second stage also comes with an increase in price, with the tokens going for just $0.019. This clearly indicates that Sparklo is here to stay and that investors should join the movement by investing today.

Website: https://sparklo.finance

Presale: https://invest.sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance

Sparklo (SPRK)- Fractionalized Investment Platform Backed by Silver, Gold, and Platinum

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Sparklo is an investment platform built on the Ethereum blockchain that allows users to invest and trade fractionalized NFTs backed by real-world assets such as silver, gold, and platinum. Each investment results in an NFT being minted, which users can then invest in, and if they purchase the entire NFT, they can have the real-world asset delivered to a location of their choice.

Features Of Sparklo (SPRK)

One of the key features of Sparklo is its innovative approach to alternative investments. It allows investors to invest in luxury assets that were previously only accessible to a few wealthy individuals.

With Sparklo, investors can invest in NFTs representing real luxury investments in platinum, gold, and silver bars.

Another important aspect of Sparklo is its focus on security and long-term measures. Sparklo is built to last; this is evident in the efforts put in place by the development team. One of these is the locked liquidity, which will remain locked for at least 100 years.

The platform has been audited and has passed the audit with Interfi Network. It proves that their operations are according to standards and they are genuine. The newly received KYC indicates that the DEV team is open and dedicated to the cause.

Additionally, a restriction will be placed on the tokens made available to the Dev team. This will be a temporary restriction for at least 100 days. During this period, while SPRK tokens will be tradable on decentralized exchanges and trading platforms, the tokens will not be able to dump their coins for another 100 days.

>>>> BUY SPARKLO TOKENS <<<

The Sparklo (SPRK) Tokenomics

The Sparklo project will be creating just 1 billion SPRK tokens. From this limited supply, different allocations will be made for presale, staking rewards, marketing, exchange listings, team tokens, and advisory team.

The presale is currently in stage two, as stage one has ended. SPRK tokens are now being sold for $0.019 per SPRK token. This presale stage has a 30% bonus and will be on until June 20, 2023. Interested individuals who missed stage 1 can leverage this second opportunity and get aboard Sparklo.

In addition to being an investment platform, Sparklo will also work with jewelry stores worldwide. These stores will be exclusive and luxury brands that are affordable only to a few. However, this partnership will give all SPRK holders direct access to these stores and their new releases.

The partnership will help the brands market their products while offering massive discounts to their users. It will undoubtedly be a win-win situation for Sparklo users and jewelry stores.

Roadmap Of Development Within Sparklo (SPRK)

The platform’s roadmap is divided into three stages, with stage one focusing on smart contract creation, website design, smart contract audit, research, data gathering, and marketing. Stage two includes KYC, team token lockup, liquidity lockup, Uniswap listing, staking app release, and platform marketing.

Stage three involves partnership formation, beta platform release, CEX listing application, top 250 on CoinMarketCap, special burn event, and ownership renouncement. This roadmap has been followed until stage 2, get into the project early to get massive rewards.

  • Buy Presale: https://invest.sparklo.finance
  • Website: https://sparklo.finance
  • Twitter: https://twitter.com/sparklo_finance
  • Telegram: https://t.me/sparklofinance