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The finest startups begin life here; join us

By
Ndubuisi Ekekwe
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0

Edekee, as you travel to New York City, to showcase the best of Africa tech and anchor new vistas in the beautiful America, Tekedia Capital wishes you safe travels. OneID, as you travel to Canada to export the excellence in building secured digital ID systems, Tekedia Capital appreciates the efforts of our innovators.

At Tekedia Capital, we discover great startups – and support them, at scale. Learn how we do that as we begin the next edition of Tekedia Capital Syndicate on Saturday. April 8. The finest startups begin life here 

We’re making it easier for citizens, groups, investment clubs, companies, organizations, etc to own a piece of early-stage, high-growth technology startups operating across Africa.

Our opportunity antenna and grassroot connections with innovators enable us to see patterns as they develop. We invite you to partner with us as we nurture and build category-king companies in Africa and beyond, and in the process advance citizens, communities and nations.

Google Prohibits Loan Apps From Accessing Customers Sensitive Data

By
Ojukwu Emmanuel
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0

Giant tech company Google in its recent policy will restrict loan apps from accessing sensitive user data such as contacts, photos, etc, as it steps up to shun predatory behavior from most of these loan lenders.

The tech company wrote on its policy center,

“We don’t allow apps that expose users to deceptive or harmful financial products and services. For the purposes of this policy, we consider financial products and services to be those related to the management or investment of money and cryptocurrencies, including personalized advice.

“If your app contains or promotes financial products and services, you must comply with state and local regulations for any region or country that your app targets, for example, include specific disclosure required by local law”.

Google will implement this policy starting in May next month. The tech company’s recent update is a result of an emerging trend common with most loan apps where they harass lenders who default in payment, by accessing their sensitive data, and informing their friends and family of outstanding debts, which is against lending policies.

Agents of these loan apps go as far as sending profanity-laden texts to most borrower’s contacts, in an attempt to humiliate them into paying the money borrowed. Unfortunately, most of these customers have succumbed to the pressure to pay back the loan by any means, which has also reportedly led to some going as far as committing suicide due to pressure.

Displeased by such behavior, Google has gone ahead to block hundreds and thousands of such loan apps from its Play Store, after it was alerted by law enforcement agencies and Central Banks of its illegal practices.

In an attempt to keep these loan sharks under control, Google has implemented rules for these loan apps in several countries such as Kenya, Pakistan, Nigeria, Indonesia, Philippines, and India, requiring them to submit proof of approval and other documentation from the appropriate government agencies.

In Pakistan, Google rolled out the requirements of carrying out specific licensing documentation for apps on the Play Store offering personal loans in the country to provide their ability to provide or facilitate credit. The company also made it mandatory for non-banking financial companies in the country to have only a single digital lending app on the Play Store.

All these strict measures put out by Google are coming after the tech company has been called out in previous years for not taking strict measures against predatory loan apps which have become a menace and have done more harm than good.

Google had reacted against a subset of loan apps that offered short-term loans under 60 days at very high-interest rates, marking them as predatory loan apps, and also went further to ban them from being listed on the Play Store. The tech giant has continued to intensify its policy against these loan apps, as it has also tightened its screening measures for these apps before they are permitted on the Play Store.

Has Your Business Model Expired?

By
Ndubuisi Ekekwe
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1

Business model is one of the most important components in commerce and industry. The business model you pursue determines to a large extent if you would be successful or not, irrespective of how efficiently you execute your playbook. A wrong business model executed very well will result in failure, quicker!

Between demand  and supply, where do you have greater leverage in modern markets and certain sectors? In industrial age businesses, winning was about controlling supply to reposition prices on the equilibrium plot. By controlling supply, it comes down to distribution which now affects two key variables in the marginal cost – transaction and distribution costs. Scaling was severely bounded to geography because of that distribution cost.

But today, the game has shifted from control of supply to control of demand for web-anchored consumer firms. And only companies with capabilities to control demand are going to win big. As shown in the table below, most of the greatest internet companies are simply controlling demand and that means controlling how supplies reach users and consumers.

But on the web, both components of marginal cost could largely “disappear” depending on the business model. If you plan to run an internet business, think about how you can control demand. You have already lost the power and capacity to control supply. Yes, anyone can use a credit card, irrespective of geography to buy anything online. The quantity you bring will not have material impact in the total pool in the market, for most products.

Take another look at your business model and make sure it has NOT expired for your sector and your ecosystem.

In Consumer Web Business, Focus On Controlling Demand, NOT Supply

Uniswap (UNI) Vs Uwerx (WERX): Which will outperform market expectations in 2023?

By
TI Partners
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0

The crypto space is brimming with different types of platforms, protocols, and more, offering investors a diverse range of choices. While many are considered high-risk investments, there are a few that can withstand volatility and provide profits to investors.

For instance, Uniswap (UNI) has gained popularity due to its decentralized finance protocol. Uwerx is another promising platform that is in its presale stage. While 2022 was not a good year for the crypto industry, experts predict a bull run in 2023.

Which of these two crypto platforms can outperform market expectations? Here is a review of these two cryptos.

Uniswap (UNI)

Uniswap (UNI) helps to ensure the efficient automated trading of decentralized finance tokens. It is an automated market maker (AMM) founded in 2018. When compared to conventional exchanges, Uniswap (UNI) has improved efficiency. Some main features of Uniswap (UNI) are:

  • The platform has increased in popularity due to its risk-limiting and cost-reducing effect.
  • Identity proof is not required for users to form liquidity pools for any token pair.
  • Uniswap (UNI) is useful for investors who are looking to earn interest from liquidity mining and swap tokens.
  • The app is user-friendly, making it easy to connect to a wallet, swap crypto, and deposit tokens in a liquidity pool.

Pros

  • Investors can earn with liquidity mining
  • Does not require registration
  • Easy to use design

Cons

  • High gas fees
  • Impermanent loss risk

Uniswap (UNI) is available for $6.10 and has a trading volume of $59,924,208. It started 2022 at $16, but soon its value declined and stood at $5 in December 2022. Analysts expect its value to increase in the future, with the coin already showing signs of an increase in January 2023.

Uwerx (WERX)

Uwerx is a crypto platform focused on the freelancing segment. It is a Polygon network-based system that assures low fees, high transparency, and robust security. For freelancers and crypto investors, the platform offers a unique and lucrative opportunity. Some main feature highlights of Uwerx are:

  • It will offer a low fee of 5%, which is cheap when considered to the 20% fee charged by Upwork.
  • Better trust and security are provided.
  • The blockchain ensures intellectual property rights are safeguarded.
  • InterFi Network and Solidproof have audited the platform well before the start of its presale.
  • The Uwerx team relinquished the proprietorship of smart contracts after taxes diminished to zero

Uwerx price is fixed at $0.005 at its presale stage. It has its liquidity locked for 25 years after presale ends and has already been granted audit approval from SolidProof and InterFi Network. Additionally, the team recently promised to renounce contract ownership as soon as the project is ready for listing on centralized exchanges. As per experts, WERX can increase by 6,000%.

Pros

  • Lowest fees compared to current market leaders
  • High security and trust
  • High growth potential
  • More opportunities for freelancers and users to be rewarded

Cons

  • The blockchain structure is not autonomous
  • Limited use cases

Uwerx (WERX) Has the Edge

With Uwerx being at its early stage, it has tremendous growth potential. Analysts believe that early entry into such fledgling projects can bring substantial profits to investors. While currencies like Uniswap (UNI) have a good future outlook, Uwerx has an excellent outlook, which proves it has an edge over the market.

Compared to Uniswap (UNI), Uwerx has better prospects due to its new status. Further, crypto analysts predict that it could increase by 8,500%. We strongly believe that WERX has a high likelihood of becoming a blue-chip crypto that is popular globally as it is linked to a resilient strong gig economy. While Uniswap (UNI) could see some positive action.

The Uwerx presale offers the advantage of higher growth potential. Uwerx recently revealed a 25% exclusive bonus on all WERX transactions, solely offered during the presale stage. Check out the Uwerx presale today!

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

Price Prediction: The Sandbox (SAND), Decentraland (MANA), and Uwerx (WERX) Presale

By
TI Partners
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0

Crypto gaming is a popular investment choice in the crypto industry now. It is not a surprising development, as the concept combines popular video games and the crypto world. Players get to use digital currency to purchase weapons, characters, land, and more.

Decentraland (MANA) and The Sandbox (SAND) are some top-performing crypto gaming coins that have attracted investor interest. Uwerx is another upcoming crypto coin that has spurred heavy speculation. Here is more info on the three popular crypto coins in 2023.

The Sandbox (SAND)

Founded in 2011, The Sandbox (SAND) is built on blockchain technology, allowing users to create, build, sell, and buy digital assets in-game. The platform combines a non-fungible token system and decentralized autonomous organizations (DAO). Users include gamers and game creators.

The Sandbox (SAND) promotes decentralized governance. Users can share their concepts about the project development. The Sandbox (SAND) allows holders to store and earn rewards, buy virtual land, receive privileges, and more.

The Sandbox (SAND) is priced at $0.635940 and has a trading volume of  $166,623,515. saw the price of The Sandbox (SAND) declining from $4 to the value of $0.5 and a slight increase to $0.6, thus indicating a bearish trend. To enter a bullish phase, it needs more momentum. As per crypto analysts, The Sandbox (SAND) is considered a good buy for long-term investors even though its momentum is bearish, the price has some analysts predicting a bullish outlook, it definitely has the potential to average $0.67 in 2023 and $1 in 2024.

Decentraland (MANA)

Decentraland (MANA), founded in 2017, is an Ethereum-based virtual reality platform. Using the crypto gaming coin, users can pay for a wide range of game avatars, names, wearables, etc.

Users can explore the Decentraland metaverse, buy land, create art pieces, buy NFTs, and more with the crypto coin. Decentraland (MANA) also offers access to in-game payments, interactive apps, and peer-to-peer communications.

Priced at $0.59, Decentraland (MANA) has a trading volume of $86,905,429. When it started, it was priced at $0.02, but soon Decentraland (MANA) increased in value and reached its highest level of $3.27 in December 2021, which is a more than 4000% increase. However, the price started declining in 2022, and it is sold at $0.4 now. A positive future outlook for Decentraland (MANA) indicates an increase in price up to $1, however, it does seem that developer interest is waning, for example, only 26,000 people attended Decentraland’s Metaverse Fashion Week.

Uwerx (WERX) – The Workplace of the Future

Uwerx will be based on the Polygon network. It is a freelancing platform focusing on providing benefits to freelancers. The platform will have a flat fee of 5%, which is very low compared to the fees charged by platforms like Upwork.

Other benefits for users include higher transparency in record storage, enhanced security, better trust, and intellectual property rights protection. Uwerx is in its presale stage and available for $0.005 right now. Its liquidity will be locked for 25 years after the end of its presale, and it has already been granted audit approval from InterFi Network and Solidproof. The Uwerx team announced that after taxes became nil, it dropped the proprietorship of smart contracts.

Crypto experts believe that the crypto coin has the potential to turn into a dominating force in the freelancing industry. Analysts predict an increase in WERX value by 8,500%.

Significant Gains to Be Made From Uwerx (WERX) Presale

Professional investors are attracted to projects in their early stages that show promising growth potential. Uwerx is one such platform that has a high likelihood of becoming a blue-chip crypto used by millions worldwide. With the audit completed by InterFi Network and Solidproof even before its launch, a liquidity lock for 25 years after the presale ends and contract renouncement in the books, investors find the Uwerx  presale could generate enormous profits.

The Sandbox (SAND), Decentraland (MANA), and Uwerx have unique infrastructure that makes them viable investment choices in 2023. While The Sandbox (SAND) and Decentraland (MANA) show good future outlooks, they are not as good as Uwerx, which analysts believe could increase by 6,000% since it is connected to a resilient gig economy.

In our opinion, its benefits such as huge growth potential and its connections to a resilient fast growing industry make it the best investment choice in 2023. Uwerx recently revealed a 25% exclusive bonus for all WERX transactions, solely available during the presale phase.Visit the Uwerx presale now!

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

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