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Yachtify (YCHT) Emerges as the Preferred Choice for Investors Amidst TRON (TRX) and EOS (EOS) Downturn

By
TI Partners
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0

In the constantly fluctuating world of cryptocurrencies, investors are often faced with the challenge of choosing the right projects to invest in. Recently, the markets have witnessed a drop, causing dismay among bullish investors and vindicating the skeptical bears.

This downturn has notably impacted EOS (EOS) and Tron (TRX), leaving investors searching for more reliable alternatives. Amidst this uncertainty, Yachtify (YCHT) emerges as a promising investment opportunity, offering the potential for substantial returns even in a bearish market.

>>>> BUY YACHTIFY TOKENS <<<

Investors Set Sail with Yachtify (YCHT): The Future of Yacht Investment

In an ever-evolving crypto market, investors are constantly seeking promising projects with unique features and benefits. Yachtify (YCHT) has emerged as a prime choice for those looking to diversify their portfolios, offering an innovative approach to yacht investment through fractional ownership.

One of the most enticing aspects of Yachtify (YCHT) is its upcoming presale, with tokens priced at just $0.10 each. This attractive pricing and a generous 30% bonus for early buyers during the presale stage presents an exceptional opportunity for investors to get in on the ground floor of this groundbreaking project.

Yachtify (YCHT) is revolutionizing the yacht investment landscape by enabling fractional ownership, which allows investors to purchase a share of a luxury yacht without bearing the full cost of ownership. This innovative approach not only makes yacht investment accessible to a broader range of investors but also provides an opportunity for significant returns as the value of the asset increases over time.

EOS (EOS) Struggles Amidst Crypto Market Downturn

The ongoing decline in the crypto market has heightened investor concerns about the future of EOS (EOS). Various issues have hindered the growth and acceptance of EOS (EOS), and the market downturn has exacerbated these concerns, putting additional pressure on both EOS (EOS) and its competitors.

A major point of contention is the lack of decentralization in the EOS (EOS) network. Despite the initial enthusiasm surrounding its delegated proof-of-stake (DPoS) consensus mechanism, the system has led to a concentration of power among a few top block producers. This centralization undermines the core principles of blockchain technology, driving investors away from EOS in search of truly decentralized solutions.

Tron (TRX) Falters as Lack of Innovation Drives Investors Away

As the crypto market faces a downturn, Tron (TRX) is struggling to maintain its competitive edge in the world of decentralization. A major concern impacting Tron (TRX) is its apparent stagnation in terms of innovation; as other platforms continue to advance and explore the frontiers of blockchain technology, Tron seems to be lagging behind.

Moreover, numerous controversies involving Tron (TRX) founder, Justin Sun, have damaged the project’s credibility. These issues have impacted the Tron (TRX) reputation and deterred potential investors from choosing Tron (TRX). Amidst these struggles, Yachtify (YCHT) emerges as a better alternative for investors looking for promising projects in the crypto space.

Join Presale: https://buy.yachtify.market

Website: https://yachtify.market

Telegram: https://t.me/yachtify

Twitter: https://twitter.com/yachtify_market

Monero (XMR) faces declines as Polygon (MATIC) is Poised for a 20% Rally in May; Yachtify (YCHT) gathers momentum

By
TI Partners
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0

Yachtify (YCHT) is steadily gaining traction in cryptocurrency as investors search for promising opportunities amidst a fluctuating landscape. While privacy-focused Monero (XMR) faces declines and Polygon (MATIC) anticipates a 20% rally in May, Yachtify emerges as a refreshing alternative for diversifying portfolios. This article will delve into the current market dynamics, explore the factors affecting Monero and Polygon, and examine the growing momentum behind the innovative Yachtify token.

Yachtify (YCHT) Shines on the Horizon: Fractionalizing Luxury Yacht Ownership and Offering Enticing Presale Opportunities

As the crypto market continues to evolve and expand, Yachtify (YCHT) emerges as a shining star on the horizon. This innovative token revolutionizes the luxury yacht investment space by offering fractionalized ownership, enabling a wider range of investors to participate in this traditionally exclusive market. With an array of benefits and features, Yachtify is generating considerable hype and attracting the attention of savvy investors.

One of the key aspects driving this excitement is the token’s enticing presale, with each YCHT priced at just $0.10. Additionally, early investors can enjoy a generous 30% bonus on their token purchases during the presale stage.

The fractionalization of yacht investments offered by Yachtify breaks down barriers to entry, making yacht ownership more accessible than ever before. By allowing investors to own a share of a luxury yacht, Yachtify democratizes the market, providing opportunities for wealth generation and asset appreciation that were previously reserved for the ultra-wealthy. As Yachtify (YCHT) gains momentum and continues to shine on the crypto horizon, the token presents a unique and promising investment opportunity.

>>>> BUY YACHTIFY TOKENS <<<

Polygon (MATIC) Set for 20% Rally Following Promising Network Developments and Google Cloud Partnership

The Polygon (MATIC) network has recently experienced a series of encouraging updates, including a long-term deal signed with Google Cloud’s computing division and the introduction of the zkEVM bridge. These developments have bolstered the bullish sentiment surrounding Polygon (MATIC) price, with the potential for a 20% surge in the near future. The multi-year collaboration between Polygon (MATIC) Labs and Google Cloud will involve node hosting services and support for the zkEVM scaling solution, which aims to enhance transaction throughput for various applications, including gaming, supply chain, and DeFi.

Additionally, the partnership between Google Cloud and Polygon Labs will offer features related to the Polygon Supernets, which are expected to be available by the end of Q3 2023. Startups supported by Polygon (MATIC) can also receive funding, including up to $200,000 in Google Cloud credits. Will these optimistic updates and strong backing from Google Cloud, put Polygon (MATIC) price on a path of significant growth? Only time will tell.

Monero (XMR) Faces Challenges Amid Regulatory Pressure, While Yachtify (YCHT) Emerges as a Promising Alternative

Although Monero (XMR) has long been celebrated for its privacy-enhancing features, Monero (XMR) is currently facing a decline in price due to increased regulatory scrutiny on privacy coins. This has prompted some investors to search for alternative investment opportunities to Monero (XMR) in the crypto market, and Yachtify (YCHT) is emerging as a standout contender. Yachtify, an innovative token that enables fractionalized yacht ownership, presents a unique investment opportunity with attractive benefits and features for potential investors.

The token’s presale pricing of just $0.10 per token and a 30% bonus for presale buyers makes it an appealing alternative for investors concerned about Monero (XMR) future prospects.

Join Presale: https://buy.yachtify.market

Website: https://yachtify.market

Telegram: https://t.me/yachtify

Twitter: https://twitter.com/yachtify_market

Registration Requirements For Nominee Companies in Nigeria

By
Emmanuel Ifeanyi Ogbuka
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0

A nominee company is defined as a company formed by a bank or Other Financial Institution (OFI) for the purpose of holding securities and other assets and administering them on behalf of the actual owners under the terms of a custodial or nominee agreement.

This article will be focused on the registration of nominee companies in Nigeria which is governed by the Securities and Exchange Commission (SEC) . The requirements for this will be highlighted in terms of :

– Understanding what constitutes a parent company according to SEC.

– The functions of nominee companies.

– The payment requirements for nominee company registration.

– The sponsored individual requirements of nominee company registration.

What is a parent company?

A parent company is a bank or other eligible financial institution that owns and controls a nominee company.

What are the functions of Nominee Companies?

The functions of nominee companies include :-

– Maintaining accounts of securities of clients.

– Collecting all rights and benefits on behalf of or accruing to clients in respect of securities held.

– Ensuring compliance with contractual obligations with clients and custodians.

– Maintaining sufficient information and records to identify the beneficial owners of securities held by it. 

What is the ownership structure of nominee companies as prescribed by SEC?

SEC rules on nominee companies stipulate that they should be wholly or jointly owned by a financial institution or more with a minimum or combined minimum net worth of 30 Billion Naira.

Which companies are required by SEC rules to be registered as licensed nominee companies?

All persons not registered by the Commission as Custodians, carrying on the business of Nominee and holding securities including equities, money market and fixed income securities, derivatives etc. except Pension Assets, on behalf of actual  owners are required to apply to the Commission for registration as a Nominee.

What are the registration requirements of nominee companies? 

An applicant for registration as Nominee Company shall be sponsored by its holding company which shall submit the undertaking required under obligations of holding/parent companies along with the under listed documents completed by the Nominee .

Company, its directors and sponsored individuals:

a) Form SEC 3 in duplicate;

b) Form SEC 2 and 2D – completed by all Directors and Sponsored Individuals/ 

Compliance Officer in duplicates; 

c) Evidence of Required Minimum Paid-up Capital of N1,000.00 (One Thousand Naira

only) unimpaired by losses; 

d) Evidence that the parent company/ shareholders (financial institutions) have a/ 

combined minimum net worth of N30 billion naira;

e) Current Fidelity Bond covering at least 25% of the minimum capital as stipulated by the Commission’s Rules and Regulations;

f) Detailed curriculum vitae of sponsored individuals and Directors which should include  details of activities from secondary school to date arranged chronologically with dates;  (all gaps in employment and educational history should be explained);

g) Copies of credentials of sponsored individuals from secondary school to date (including NYSC discharge/ exemption certificates); originals are required for sighting  by officers of the Commission;

h) Sponsored individuals shall meet the requirements specified in the SEC Rules on Sponsored Individuals and Compliance Officers and Qualifications of Sponsored Individuals and Compliance Officers;

i) Police clearance report for each Sponsored Individual: Each sponsored individual is to report at the Commission’s head office or any of its zonal offices with three recent passport photographs to commence the process; 

j) Copy of means of identification of the Directors and the Sponsored Individuals of the Company (International Passport, Driver’s license or Permanent Voters Card);

k) Profile of the Nominee Company which should include among others brief history of the company, organizational and shareholding structure, principal officers as well as details of past and current activities;

l) Operational Manual and Organizational chart of the company;

m) Business plan;

n) A copy of each of the following, duly certified by the Corporate Affairs Commission (CAC)

.A Certificate of Incorporation

The Memorandum and Articles of Association of the company – this should include the power to perform the specified function;

o) CAC Form(s) showing Share Capital, Return of Allotment, and Particulars of Directors;

p) Latest audited accounts or audited statement of affairs of the company;

q) Sworn undertaking to keep proper records and render returns as may be specified by  the Commission from time to time signed by a director and company secretary (to be notarized);

r) Sworn undertaking to abide by SEC Rules and Regulations and Investments and 

Securities Act signed by a director and company secretary (to be notarized);

s) Evidence of payment of fees as contained in Schedule 1 of SEC Rules and Regulations;

t) Any other documents as may be required by the Commission.

Are there other registration requirements for nominee companies?

Yes there are. They are as follows :-

-A Nominee Company shall have minimum of three sponsored Individuals, one of whom shall be a compliance officer.  

-The Managing Director of the Company shall at all times be among the sponsored individuals by complying with the requirements for registration of sponsored individuals;

-A Nominee Company shall have necessary infrastructure, including vaults for safe custody of title documents, agreements etc. and information technology capability required to effectively discharge its functions.

Time for Mandatory Living Wage As Layoffs Continue in Big Tech?

By
Ndubuisi Ekekwe
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0

Good People, it is happening, the future of work is being redesigned. Yes, Facebook’s parent company, Meta, wants to fire more workers from next week: “The third wave is going to happen next week. That affects everybody in the biz teams, including in my organization. It’s just a time of great anxiety and uncertainty. I wish I could have some easy way of providing solace or comfort. It is uncertain. And, it’s increased my admiration for the way that everyone notwithstanding that uncertainty you’re just displaying such resilience and professionalism.” – Meta President of global affairs Nick Clegg.

Clegg added that the layoffs will follow a similar process to April’s cuts, in which 4,000 roles were eliminated from Meta’s tech departments.

The afternoon before the layoffs happen, Meta’s head of people will post a note to employees with details about when the layoff process will begin and which teams will be affected. Employees impacted by the layoffs will then be notified, followed by non-impacted employees.

An Igbo proverb says “oge adighi eche mmadu” [time and tide will not wait for any person]. And that means we must pay attention to how new technologies, and specifically AI, will make it easier for companies to become more efficient.  Simply, these companies may not need a lot of workers.  Your bank may not need many staff. Your insurer may not need many workers. And the list keeps growing.

Is it time to require mandatory payment where even if you have no staff, you have to commit a certain percentage of your revenue which will be used to distribute to citizens as a “wage” alternative?

Meta Reveals Plans to Initiate A Fresh Round of Layoffs Next Week

By
Ojukwu Emmanuel
-
0

Giant tech company Meta has revealed plans to implement another round of layoffs next week, which was revealed by executives at the company during a Q&A session with employees.

Reports reveal that the layoffs would predominantly target Meta’s business departments and could potentially impact a significant number of employees.

Speaking on the layoffs, Meta President of global affairs Nick Clegg during the company-wide meeting said,

“The third wave is going to happen next week. That affects everybody in the biz teams, including in my organization. It’s just a time of great anxiety and uncertainty. I wish I could have some easy way of providing solace or comfort. It is uncertain. And, it’s increased my admiration for the way that everyone notwithstanding that uncertainty you’re just displaying such resilience and professionalism.”

Clegg added that the layoffs will follow a similar process to April’s cuts, in which 4,000 roles were eliminated from Meta’s tech departments.

The afternoon before the layoffs happen, Meta’s head of people will post a note to employees with details about when the layoff process will begin and which teams will be affected. Employees impacted by the layoffs will then be notified, followed by non-impacted employees.

While Clegg did not confirm the number of people that will be impacted, Meta’s proposed round of layoffs is coming after the company’s CEO Mark Zuckerberg had earlier hinted at possible job cuts in May, to eliminate 10,000 positions, following an initial reduction of 11,000 positions in November. 

Meta’s incessant round of layoffs is occurring after the company declared year 2023 “The Year of efficiency” as it focuses on becoming a stronger and more nimble organization.

The company disclosed that since it reduced its workforce last year, one surprising result is that many things have gone faster. The company’s CEO Mark Zuckerberg via a memo stated that he underestimated the indirect costs of lower priority projects, noting that a leaner organization will execute its highest priorities faster.

He added that people will be more productive, their work will be more fun and fulfilling, and Meta will become an even greater magnet for the most talented people. The company in its Year of Efficiency is focused on canceling projects that are duplicative or lower priority and making every organization as lean as possible.

In the coming year, Meta has disclosed that it may incur additional restructuring charges as it progresses further in its efficiency efforts. The company has noted that it expects to record about $1 billion in restructuring charges in 2023 due to its efforts to consolidate its footprint.

Meanwhile, Zuckerberg doesn’t expect the financial outlook for Meta to dramatically improve any time soon. He believes that the company should prepare for the possibility that the new economic reality will continue for many years.

He however added that Meta has put together a financial plan that enables the company to invest heavily in the future while also delivering sustainable results as long as it runs every team more efficiently.

Zuckerberg said he is still committed to building the metaverse and that Meta’s single largest investment is in advancing Al and building it into every one of its products.

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