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Crypto News Flash— Hottest Tokens to Buy Now! Big Eyes Coin, Chiliz, and Chainlink

By
TI Partners
-
0

It can occasionally be challenging to pick the best cryptocurrency in a crowded market because of the exponential growth in popularity of cryptocurrencies over the previous few decades. But there are plenty of treasures out there that are just waiting to be found.

The cryptocurrencies Chiliz (CHZ), Chainlink (LINK), and Big Eyes Coin (BIG) are three  undiscovered gems that are expected to have a bright future in the crypto market.

The Chiliz Sports Exchange and its Socios Ecosystem for Fan Tokens and NFTs

The first sports exchange allowing traders to speculate and trade Fan Tokens is called Chiliz (CHZ), and it operates on the Ethereum blockchain. By granting people “ownership” of their preferred sports teams, it seeks to create a distinctive environment for ardent sports fans. Fans now have a place to voice their opinions and an opportunity to suggest improvements for the squad. Without Socios, there would be no CHZ token; Socios are tokens earned by swapping them for the Chiliz cryptocurrency. Socios is a full-featured ecosystem for fan tokens.

Users have the opportunity to buy, sell, earn, and exchange NFTs using its website and mobile apps. Socios offers a variety of ways to use NFTs, including trading them with other users, winning them in contests, and exchanging them for team-themed items. Over twenty sports and esports teams receive branded NFTs from Socios, and the company has hopes to expand. The Proof of Authority (PoA) consensus method, a novel consensus mechanism, is used to audit and create Fan tokens on the Socios sidechain. Since PoA doesn’t rely on a distributed network of anonymous nodes but rather a smaller number of certified verifiers, it differs from other methods like Proof-of-Work or Proof-of-Stake. By doing this, the network’s integrity is improved.

Chainlink (LINK): Bridging Blockchain and Non-Blockchain Activities via Decentralized Oracles

One of the most distinctive ventures on the cryptocurrency market is Chainlink (LINK). Users will be able to interconnect blockchain and non-blockchain activities using Chainlink’s utility. The middleware that will link external data to blockchain data will be called Chainlink. The Chainlink blockchain can currently be connected to external data, such as stock prices and sports scores.

Chainlink (LINK) can perform what many crypto ventures can only dream of. The project will therefore continue to be in demand. The decentralized oracle layer, often known as the blockchain abstraction layer, is the technology behind this cryptocurrency. Both on-chain and off-chain computations are available to users. Hybrid smart contracts are supported by Chainlink’s internal workings.

Big Eyes Coin (BIG): A Community-Driven Cryptocurrency Revolutionizing the Meme Industry with a Feline Twist

The most recent meme to become widely popular is Big Eyes Coin (BIG). It is obvious from how Big Eyes functions that this cryptocurrency is dedicated to revolutionizing the meme industry. This token’s cat-themed design is the first intriguing aspect you’ll notice. Big Eyes adopts a lovely feline style. The artwork and branding for the token are based on this cat motif.

There are other intriguing characteristics of the token in addition to Big Eyes’ appealing strategy. This project is a community-based cryptocurrency, similar to other well-regarded meme coins. This project will be more in demand and worth more as the community gets stronger. Big Eyes gains by having a close-knit community that is only focused on the token’s expansion.

Additionally, compared to other meme currencies, Big Eyes’ maximum supply is rather lower. 200 billion BIG tokens are presently in circulation worldwide. During the launch, the development team will disperse 80% of this supply. The presale did well and brought in $24.5 million. The Big Eyes development team is dedicated to safeguarding their work. For a period of two years, they will lock the cryptocurrency’s initial liquidity.

 

For more information: 

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Nigeria’s GDP Grew by 3.52% in Q4, 2022 – NBS

By
Samuel Nwite
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0

Nigeria’s Gross Domestic Product (GDP) grew by 3.52 percent in the fourth quarter of 2022 on a year-on-year basis, according to latest report released by the National Bureau of Statistics (NBS) in Abuja on Friday.

The NBS Nigerian Gross Domestic Product Report Q4 2022 said the growth is as a result of 2.25 percent increase recorded in the third quarter of 2022 and 3.98 percent in the fourth quarter of 2021.

The growth was spurred by increased performance in the non-oil sector – where agriculture put up a notable performance despite being heavily impacted by flood.

According to the report, published by NAN, the performance of the GDP in the fourth quarter of 2022 was driven mainly by the services sector, which recorded a growth of 5.69 percent and contributed 56.27 percent to the aggregate GDP.

It said although the agriculture sector grew by 2.05 percent in the fourth quarter, its performance was significantly hampered by severe incidences of flood experienced across the country.

“This accounted for lesser growth relative to the fourth quarter of 2021 which was 3.58 per cent.’’

The report, however, said the Industry sector was still challenged, recording -0.94 per cent growth and contributing less to the aggregate GDP relative to Q3 2022 and Q4 2021.

It said overall, the annual GDP growth rate in 2022 stood at 3.10 per cent, from the 3.40 per cent reported in 2021.

“Thus, the performance of agriculture and industry reduced in 2022 relative to 2021, while the performance of the services sector improved in 2022,’’ the NBS said.

The report said in Q4 of 2022, aggregate GDP stood at N56, 757,889.95 million in nominal terms.

“This performance is higher when compared to the fourth quarter of 2021 which recorded aggregate GDP of N49,276,018.23 million, indicating a year-on-year nominal growth of 15.18 per cent,’’ it said.

A breakdown by sector showed that crude oil production in the fourth quarter of 2022 recorded an average daily oil production of 1.34 million barrels per day (mbpd).

“This was higher than the third quarter of 2022 production volume of 1.20mbpd by 0.14mbpd,’’ the report added.

The NBS said the oil sector contributed 4.34 per cent to the total real GDP in Q4 2022.

The report said this showed a decrease from the figures recorded in Q4 2021 and Q3 2022, where it contributed 5.19 per cent and 5.66 per cent.

It said the total annual contribution of oil to aggregate GDP in 2022 was 5.67 per cent.

The NBS said the non-oil sector grew by 4.44 per cent in real terms during the reference quarter (Q4 2022).

The report said the non-oil sector in Q4 2022 was mainly driven by activities in Information and Communication (Telecommunication), Trade, and Agriculture (Crop Production).

“Others are Financial and Insurance (Financial Institutions), Manufacturing (Food, Beverage and Tobacco), Real Estate and Construction, all accounting for positive GDP growth.’’

It said in real terms, the non-oil sector contributed 95.66 per cent to the nation’s GDP in the fourth quarter of 2022.

The NBS said this was higher than the share recorded in Q4 2021 which was 94.81 per cent and higher than Q3 2022 recorded at 94.34 per cent.

A New Nigerian Project Can Begin Tomorrow with You

By
Ndubuisi Ekekwe
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0

The ant-hills are not built by the elephants but by the collective efforts of the little ants. Nothing can stop a team of highly motivated people who have a defined purpose and a mission. Years to 1960, some Nigerians began a project, and the project was to liberate the nation out of colonialism.  They came together, and executed: Nigeria became an independent country, politically.

Political independence is the first phase of true independence. The greatest liberation of a people is when that political independence transmutes into economic independence. Today, with high unemployment, vagaries of insecurity, and other vices, Nigeria needs that new dimension of independence.

Tomorrow, a new project can begin to execute that economic independence – and you’re trusted as a voter in Nigeria to assemble the team. When Nigeria does well, we all win. I challenge you to #vote and help to assemble this team, to bring that ascension into true independence. It will be #open as I noted here.

Ordinal – The ‘NOT NFT’ NFT!

By
John Mc Keown
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0

A new protocol service has been issued which allows digital assets to be minted to the Bitcoin Blockchain. It is called ‘Ordinal’

It declares itself NOT an NFT, and yet, it probably embodies more about what an NFT should be, than any token protocol we have had yet!

To talk about what Ordinal is, and isn’t we will probably first need to recap on what actually an NFT is.

  1. NFTs are a type of token that give ownership title or ‘deed’ to a digital asset through minting on a blockchain. They are not the asset itself. For example: They are not a Cryptopunk or a Bored Ape.
  2. As a token, to be considered an NFT, it has to be minted according to a specific protocol. That protocol needs to explicitly show that it has been designed to tokenize digital NFAs (Non Fungible Assets).

Tokens minted according to a protocol which describes itself as simply a ‘Token Standard’, ‘Multipurpose Token Standard’ or ‘Fungibility Agnostic Standard’ are NOT NFTs.

 

 

The processes involved in authoring a new NFT protocol for the creation of NFTs is as follows:

 

  1. Declaration of intent.

The author(s)/designer(s) set out an abstract which demonstrates clear intention of creating a protocol best suited to tokenizing digital NFAs (Non Fungible Assets).

  1. Execution and Testing

The author(s)/designer(s) design the protocol in compliance with the abstract’s expectations with sequential design iterations and testing to establish it improves on both performance and vulnerabilities of existing protocols in the same ecosystem.

  1. Documentation

The author(s)/designer(s) produce end-to-end documentation recording 1-2 above, and publish it for public view. The protocol documentation explicitly announces itself as an ‘NFT’ protocol. It should also document any reference implementation.

An aside on Satoshis

Every once in a while, I will get some bright spark trying to claim that because a Satoshi is an indivisible atomic unit, then the currency must be an NFA.  There are 100 million satoshis (sats) in one bitcoin, meaning each satoshi is worth 0.00000001 BTC.

This is just a distraction to derail any sense of clarity around when the blockchain token of a digital asset is an NFT, and when it’s not.

Firstly, the fungibility isn’t about being infinitely sub-divisible. It is about how practical sub divisibility is in value exchange. Does subdividing preserve value?

For a tangible example, as a mass commodities trader in water,  there may be a prevailing price of 0.245721 litres water to the dollar. If somebody wants to digitally purchase $150.57 worth of water, they can. The transaction will go through exchanging a holding that has an obscure decimal. It will not all be whole litres.

This is fungibility demonstrated. The fact that the smallest unit in water is a molecule with one oxygen atom and two hydrogen atoms is irrelevant. The functional unit of exchange is the litre.

A tangible example of a ’Non-Fungible’ asset would be an antique ‘Ming’ dynasty vase. Though it may be worth $100m, if you owe someone $1m, you cannot smash it on the floor, find a piece roughly 100th the size and pay them. Once broken all the pieces are worthless.

However, all of these justifications are a further distraction as the overriding issue is that the tokens entitlement to be considered an NFT is ONLY about the protocol in use. Does that protocol meet a standard intended as ‘NFT’ in line with the 3 point processes –

  1. Declaration of intent. 2. Execution and Testing and 3. Documentation.

 

Ordinal lay out their position on their token in the context of what an NFT is. Only one other token protocol does this – ERC/EIP 721 on Ethereum.

 

And finally on to Ordinal.

Ordinal describes its tokenization protocol (if it can even be considered so) as creating ‘Digital Artefacts’ through inscribing on a Satoshi.

It also claims to be the most ‘NFT’ non NFT. Yes, this may seem confusing, but if we unpack it, we can understand why they say something like that in the Ordinal documentation.

Here, Ordinal are eluding to what happens on the Ethereum ecosystem without directly saying so.

After all, their job is to talk about what Ordinal is, not talk about Polygon, The Binance ecosystem, and other Eth L2’s, scaling systems or EVMs.

One of the things about scaling solutions and EVMs is that they are commercially owned structures, and they don’t release all, and sometimes don’t release any of their protocol and architecture details.

There is a limited amount to be achieved by writing from the perspective of not having a full deck of cards. So I am selective of when I decide to talk in detail about the architecture of corporate actors.

The higher-level description is that tokenization becomes a split key, with a major part of the key being held in the scaling system off chain, while only a small bit, called ‘meta data’ makes it to the eth core.

When this happens, it undermines the security and privacy credentials in the concept of blockchain tokenization – NFT or not.

This discounts their contribution to ‘Web 3’ as there is no route for the user to have an end-to-end decentralized UX.

The only way to really establish if an ‘0x’ token is an NFT or not, is to look at the asset listing on a market like OpenSea, Rarible or Hashgreed etc.

If it says ERC/EIP 721, it is an NFT. If it says ERC/EIP 20, or 1155, it’s not. Because of gas fee cost and performance, majority of the assets visible to the public, have tokens that are not NFTs at all.

Again, just to reiterate, if the asset is visually represented by a piece of digital art, this has no bearing on whether the token is an NFT or not.

Quite the contrary, internal utility assets in different parts of the eth ecosystem are more likely to be NFTs than digital art collectibles, because they are not pushed out to a shop front, so scaling may be less important, and other factors of the ‘Blockchain Trilemma’ may be more relevant.

Because an Ordinal token is an inscription on a Satoshi at the Bitcoin Core, then notionally, it possesses properties that reflect the ‘vision’ of what an NFT should be, while L2, EVMs and Scaling systems off Ethereum have been rapidly marching away from that with reckless abandonment.

Expect to see the ‘Digital Artefact’ model to expand.. Three days ago, Github user ynohtna92 forked from Bitcoin Ordinals to mint the first-ever Litecoin Ordinal.

 

9ja Cosmos is here…

Get your .9jacom and .9javerse Web 3 domains  for $2 at:

.9jacom Domains

.9javerse Domains

 

All reference sites accessed between 18-24/02/2023

cryptoslate.com/someone-forked-bitcoin-ordinals-nfts-onto-litecoin-network

docs.ordinals.com/

superrare.com/winteagle

eips.ethereum.org/EIPS/eip-1155

eips.ethereum.org/EIPS/eip-721

ethereum.org/en/developers/docs/standards/tokens/erc-20/

SPECIAL INSIGHTS: Nigerians and Last Days’ Interests on Candidates, Voting and PVC

By
Mutiu Iyanda
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0

For several minutes, hours, days, weeks and months, candidates and their political parties engaged Nigerians, especially those who are eligible to vote on February 25, 2023, electing a new president, on different platforms at different places. Both the candidates and parties disseminated messages that substantiated programmes stated in their manifestos. While presidential candidates in 1999, 2003, 2007, 2011, and 2019 had opportunities to reach 54 million to 84 million voters, the 18 political parties that fielded candidates for the 2023 presidential election had the same chance of canvassing votes by reaching over 93 million voters. This is basically from the supply side of the political economy of campaigning. From the demand side, voters agreed and disagreed with the messages using different approaches towards understanding who should be voted for.

In this special piece, our analyst examines the last 7 days (February 18 to February 24, 2023) of the public’s interest in the three dominant candidates, their readiness to vote and their curiosity about collecting their permanent voter card. Our first-level analysis reveals that out of 14,989 searches during the period, Senator Bola Ahmed Tinubu, the candidate of the All Progressives Congress, had the highest percent (41.09%), followed by Mr. Peter Obi (32.47%), while Alhaji Atiku Abubakar had 16.51%. Voting had 4.55%, while PVC received 5.36%.

Public interest in the three candidates in connection with interest in voting and PVC was strong during the period. Over 70% of the interest in the candidates was found in the public’s interest in voting. However, there are differences in the percentage of interest the public had in voting and knowing the status of their PVCs after developing significant interest in each candidate. According to our findings, one unit of interest in Alhaji Atiku Abubakar translates to 21.1% interest in voting.It was 63% for Mr. Peter Obi and 5.1% for Senator Bola Ahmed Tinubu. These findings indicate that Nigerians who use the Internet are more likely to vote on February 25, 2023, based on the information they obtained from various platforms or sources.

Our analysis also reveals that the public interest in the candidates resonated with understanding of PVC by 64.6%. This is less than what our analyst found for voting and suggests the public’s greater aggressiveness in voting than in picking up their PVC. Meanwhile, when the public developed interest in the candidates in relation to having information about PVC, Mr. Peter Obi was more searched in connection with PVC than other candidates, especially Senator Bola Ahmed Tinubu. In our analysis, we found that one unit of interest in Mr. Peter Obi resulted in seeking information about PVC by 51.3%, while Alhaji Atiku Abubakar had 33.2%. However, one unit of interest in Senator Bola Ahmed translated to -10.1% interest in PVC, indicating insignificant interest in PVC as the public developed interest in the ruling party’s candidate.

Exhibit 1: Interest in candidates, voting and PVC by state

Source: Google Trends, 2023

Candidates and Public Concerns

While the public developed interest in the candidates using different search terms and names, they were mostly directed to various sources that revealed different information about the candidates and their political parties. In our analysis, we found that the three candidates were better understood through non-issue-based campaign messages than issue-focused ones. For instance, the public was more concerned about the five governors of the People’s Democratic Party who have been making different submissions about endorsing or not endorsing the candidature of Alhaji Atiku Abubakar. Nigerians, as evidenced by those who frequently use the Internet, were interested in whether Mr. Peter Obi would abandon his bid to become the next president by withdrawing from the race and supporting Alhaji Atiku Abubakar. This was also discovered for Senator Rabiu Kwankwaso. Nigerians were interested in whether he had joined the PDP’s candidate.

Senator Bola Ahmed Tinubu was more understood throughout the days examined by our analyst, based on a false report that his house had been raided by the Economic and Financial Crimes Commission. Some Nigerians expressed great concern about his primary school on various digital platforms. Some of the concerns the public had about the PDP’s candidate were discovered for Mr. Peter Obi as well. For example, the public had a significant interest in knowing about smaller political parties that had adopted him as their presidential candidate. Information about how ADC and SDP adopted him was vigorously sought in this regard. Apart from this, how or whether individuals such as Danjuma endorsed him was of great concern to some Nigerians. Like understanding some of the achievements of the APC’s candidate, Nigerians also sought information about the performance of Mr. Peter Obi as governor of Anambra State. Some even inquired about the number of years he served as governor of the state. As they searched for this information, according to our analyst, they did not forget to make inquiries about the Independent National Electoral Commission in relation to Mr. Peter Obi’s polling unit, his political party and how to vote for him on February 25, 2023. Surprisingly, the public equally sought information about other candidates while developing interest in these concerns.

Concerns Regarding Voting and PVC

What types of concerns did Nigerians have about voting and PVC in the last 7 days? In the first instance, our analyst discovered that learning how to locate polling units, check PVC online, and identify polling unit codes occupied their minds. In the second instance, they mostly focused on whether their PVC could be used at any polling unit without forgetting whether they could vote without it. One of the surprising concerns was the public’s interest in where to collect PVC. Our analyst found this surprising because the electoral body had made provision for the collection several days ago. So, why was this question still on their minds?

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