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AI in Business at Tekedia Institute

By
Ndubuisi Ekekwe
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0

It is an AI race and we also want to use AI to teach AI in business. No matter how you evaluate the possibilities, AI will rewire the architecture of modern systems and bring new orders in markets. 

Instructions – “AI, have access to my emails, my articles on blogs, etc. Today, I want you to look at my previous works to create an article on Shared Prosperity in Africa”. 

Magically, in seconds, you have a 1000-word document. Yes, AI has relied on your previous works to create a new article. Do you have a plan as AI moves into production at scale? Have you checked how it could disrupt your business? This is the time to #plan because AI will unleash a new order. #Tekedia Mini-MBA

SUI Blockchain Tokenomics, ICO and Airdrops

By
Paul Ugbede Godwin
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0

Following the growth enmeshed by Crypto Airdrops in recent times, Ethereum Layer-2 infrastructure— Sui Blockchain has released Tokenomics about the project.

Sui Blockchain—Mysten Labs startup company has in the past one year of it’s testnet and mainnet launch raised over $300 million at $2 billion valuation with participation from Binance Labs, Coinbase Ventures, a16z crypto, Jump Crypto, Circle Ventures, and other prominent VC heavyweights.

Mysten Labs launched in 2021 and comprises former Meta employees who have previously worked at Novi research, the Diem blockchain, and the Move programming language. The company’s inaugural product will be Sui, a Proof-of-Stake based blockchain which will cater to developers and creators regardless of their background.

“Sui marries the safe asset-centric features of Move with a new object-centric data model. This pairing enables new approaches to several blockchain scaling challenges and unlocks a more direct, accessible programming style for the next generation of smart contract developers,” said Sam Blackshear, Mysten’s co-founder.

According to a Twitter publication posted on SUI’s official page, the layer2 blockchain formation is streamlined to front run speed and low cost gas transactions on EVM. The goal of Sui’s tokenomics is a flourishing economy where: fees are low enough for people to use the chain.

Apparently, the building costs are low plus predictable for a sustainable business model and the activity is high/reliable for operators to plan their budget.

However, The Sui economy has three main sets of participants: Users who create, change, or transfer digital assets or use apps on Sui; SUI holders who either stake funds to validators or pay fees to interact with assets and apps on-chain; validators who manage transactions processing and execution.

SUI participants interact in a variety of ways across the network, and that interplay informs the three core components of Sui’s tokenomics:

Proof-of-Stake Mechanism

Gas Mechanism

Sui’s Storage Fund

SUI tokens serve four purposes. They can be staked to a validator in order to secure the network which can be used to pay gas fees to execute transactions and other operations.

Sui tokens can be used as a native asset for on-chain transactions and it gives holders’ the right to participate in future governance. With Delegated Proof-of-Stake, Sui allows for the broadest possible participation of SUI holders in its operations.

Staked SUI is a proxy for voting power, providing the right degree of “skin in the game” – those who care most about Sui get a larger voice in its operations. Unfortunately, the SUI chain has rebutted it will not issue out SUI token airdrops to its community but will institute an ICO on whitelisted addresses— a situation which has been greeted with intense resentment on Crypto Twitter as many claim the chain rode on the hype around airdrops in 2022.

Consequently, the Sui’s gas pricing mechanism achieves several important outcomes; delivering users with low, predictable transaction fees and incentivizing validators to optimize their transaction processing operations and finally preventing spam and denial of service attacks.

Sui’s Storage Fund redistributes past transaction fees to future validators. Users pay fees for processing plus storage, which are then put into the fund. If storage needs are trending upwards validators receive additional stake rewards to cover the costs, and vice versa when needs are.

Rethink That Business Model And Win

By
Ndubuisi Ekekwe
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0

Scaling that online business is not by force or by working 60 hours in a week. The most important element is your business model. If that business model does not align, your efforts will offer marginal value. Greatness comes in companies when unit economics improves. And how do you do that? You look at your marginal cost.

Until you can deal with that marginal cost, improving your distribution and transaction costs, scaling may be hard. Wear your thinking cap and revamp that business model, the most important element for the success of firms.

Sure, the Board hires the  CEO. And the CEO commits a company to a business model, which is the construct upon which value is captured in firms. If you run an expired business model, no matter how hard you work, you have no market mission. #examine #rethink and #win.

Money does not solve most fundamental business growth problems; product improvements do! Work hard to understand your customers, and do all to retain them, before you begin to spend on massive scaling.

 Never try to scale a business until you can retain customers. That customer retention is a validation of your business hypothesis via a product-market fit. 

A growth playbook which begins when a company cannot retain customers wastes resources. You are likely going to onboard customers, but the day that marketing or promotion blitz stops, the customers will move. 

Build. Pursue product-market fit. Then Scale. #glory

 

Money over Legacy

By
Stanley Alieke
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0
A man holds Ghanian currency in his hands on September 20, 2016 in Accra, Ghana. Ty Wright/Bloomberg News

In case you have been out of the loop or you haven’t checked Twitter recently, Emperor Elon Musk has yanked off legacy verification (blue tick) from every legacy-verified account including that of renowned world politicians, celebrities, journalists, athletes etc; no matter who you are, emperor Musk has taken away your blue tick and you are expected to pay a monthly recurring fee of  $8 if you want to have your blue tick back.

What could possibly be the reason for this move by Twitter management?
In case you are also wondering their reasons; according to Twitter Public Relations, this decision came as part of Elon Musk’s efforts to get rid of the so-called “lords & peasants system for who has or doesn’t have a blue checkmark.” This implies that Elon Musk wants every animal to be equal in the Twitter kingdom; if you want to be more equal than others, then you will have to pay a stipend of $8 for it and to maintain that status you will have to be paying $8 every month.

This is what we were told by Twitter for being the reason for the removal of the legacy verification and the new payment for blue tick but we all know that the reason stated by Twitter HQ is just so as to make them look cool; the primary reason as we all can tell for the introduction of the payment of the Twitter blue tick is for revenue generation. This is a money-generating model for Twitter. Twitter introduced this format as a means to raise its income and I am so sure that other social media platforms especially Meta will follow suit. 

Twitter can only afford to make this move without the fear of losing its users because they are aware of the total reliance of its users on the platform. I don’t think any other platform which is yet to attain the status of Twitter, Facebook or Instagram can afford to make this move. The day WhatsApp or Telegram request users to start paying for verification I’m so sure that half of its users will abandon the platform and port; especially iPhone users will quickly abandon the platform totally for iMessage. 

So far be it, I can predict that the long-term effect of this may be disastrous. When individuals have to pay to be on a platform and to enjoy the full services of a platform which ought to be totally free then the advocacy for free speech should be reconsidered.

Monetization is good but it should be carefully done so as not to flush away the core value of the platform. We have always known Twitter to be a strong preacher of free speech but since Elon Musk took over the helm of power, Twitter only became interested in cutting costs, generating revenues and monetization of its products. 

The development has affected several individuals including famous Nigerians as Twitter insists on an $8 monthly payment to subscribe to its ‘Twitter Blue’ if account holders must retain their verification badge, or for those who want to get the blue tick newly.

Ripple XRP Price is Up 40% This Week, Ethereum Is Struggling to Keep Up, HedgeUp (HDUP) Is Bringing All Major Alternative Asset Classes to Web3

By
TI Partners
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0

Cryptocurrencies bloom nearly yearly, turning a few tiny traders into unexpected billionaires.

According to predictions, Ripple XRP and HedgeUp (HDUP) values will rise unnaturally fast in 2023, overtaking all of their competitors, even Ethereum.

>>BUY HDUP TOKENS NOW<<

HedgeUp (HDUP)

One of HedgeUp (HDUP) key objectives is to tokenize real-world assets and enable seamless market transitions. It is a pioneer in web3 and alternative asset markets. For the general public to access various goods, HedgeUp (HDUP) aims to establish a leading alternative investment platform in the cryptocurrency sector.

HedgeUp (HDUP) offers the public access to a range of asset classes. An investor can possess a portion of an item without buying the entire thing by fractionalizing the asset. Although still owning the underlying asset, HedgeUp (HDUP) core goal is digitally transforming asset values for confidentiality and anonymity.

The Ethereum blockchain is the foundation for HedgeUp (HDUP), which aims to increase token accessibility by connecting smart contracts to different blockchains and DLTs. The HDUP token fundraising allows the HedgeUp (HDUP) team to finish and support projects produced inside our ecosystem to create a solid platform from which the world will embrace and profit.

The HedgeUp (HDUP) token utility was exclusively created to reward new consumers and entrepreneurs. Owners of HDUP tokens can enjoy several advantages offered by the cryptocurrency and alternative markets. As a bonus, you, as a community member, will be rewarded for staking and locking your HedgeUp (HDUP) tokens in the treasury through staking events.

Follow up and register for the presale as soon as possible because HedgeUp (HDUP) is the top investment for 2023!

>>BUY HDUP TOKENS NOW<<

Ripple XRP

The Ripple (XRP) price has added around 59% this year, far less than the Bitcoin value’s near 70% rally.

Today, Ripple (XRP) is trading at $0.46. Moreover, Ripple XRP has marked a 2.8% decrease in the last 24 hours, bringing hope for analysts.

Additionally, the Ripple (XRP) trading volume has grown by 46.32% during that same time. Moreover, Ripple XRP’s market cap has decreased from $26.66B to $23.92B in the last seven days alone.

According to the current market charts, experts predict that Ripple XRP will reach $10 shortly. If the bear market reverses, Ripple XRP could follow the trend of bitcoin and bloom again.

>>BUY HDUP TOKENS NOW<<

Ethereum

Ethereum, the largest altcoin, struggles to catch up with Bitcoin’s performance in 2023. Crypto analysts noted it was more stable during the FTX collapse before the Shanghai upgrade. Today Ethereum is trading at $1.904.

However, it has marked a 1.95% decrease in the last 24 hours. Additionally, its trading volume has grown by 8.97% at the same time. But on the other hand, the Ethereum market cap has dropped from $233B to $229B.

Ethereum will increase in value by 109% by the end of 2023, according to forecasts. Ethereum’s value will then increase by another about 619% between of end of the year 2025 and the end of 2030. This may be impossible, considering Ethereum hasn’t done so well over the last 12 months, but bullish analysts believe in Ethereum’s happy ending.

>>BUY HDUP TOKENS NOW<<

Find out more about the HedgeUp presale here:

  • Website: https://hedgeup.io/
  • Presale: https://app.hedgeup.io/sign-up
  • Telegram: https://t.me/HedgeUpChat
  • Twitter: https://twitter.com/HedgeUpOfficial
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