Innovation is always bad news for incumbents that have grown too big, too complacent, and too unwieldy because of their sizes. Long streaks of success often lull them into a deep state of slumber and convince them that they are invincible. When disruption happens in their respective industries, it proves to be a rude wake-up call, from which many organizations never recover. That’s how giants fall!
Despite this story repeating itself several times over the past decade, it appears that the current crypto giants have not learned anything from history. Centralized crypto exchanges like Binance (BUSD) and Coinbase (USDC) are facing their biggest threat yet, and it’s not just because of FTX. Decentralized exchanges are winning over more of their customers, and now, the arrival of TMS Network (TMSN) could mark the final nail in their coffin.
What Is TMS Network (TMSN)?
TMS Network (TMSN) is a new decentralized crypto exchange that brings cutting-edge trading features and conveniences to the crypto world. For starters, TMS Network (TMSN) is the first dex to bring stock trading and forex trading to the crypto world. Crypto users would soon be able to trade cryptos, CFDs, stocks, and forex on TMS Network (TMSN), a huge milestone for the entire industry, paving the way for investing and trading in the metaverse.
TMS Network (TMSN) also offers exciting features like social trading, bots, strategy builder, arbitrage trading signals, real-time and historical analytics, cryptocurrency analytics, and so on. TMS Network (TMSN) will also act as a dApp platform that will allow developers to launch new trading bots using the platform’s tools.
Transparency, community governance, and a strong commitment to decentralization are the cornerstones on which TMS Network (TMSN) will stand. This will be in stark contrast to centralized crypto exchanges that are embroiled in myriad controversies like insider trading, bankruptcies, SEC investigations, and so on.
Binance’s (BUSD) Controversies Rage On
Binance (BUSD) was originally based in China, but had to leave the country due to a clampdown by authorities in the country. Binance’s founders moved the crypt exchange offshore, initially to Malta and then elsewhere. According to the latest reports, Binance is currently operating out of the Cayman Islands. Since its inception, Binance has been investigated by authorities wherever it has gone. Lately, it is also under investigation by federal authorities in the U.S. The U.K. has already ordered Binance to stop its activities in the country too.
These developments have long cast a shadow on Binance’s existence and have thrown up its future in jeopardy. Many crypto users feel that Binance is just a ticking time bomb waiting to explode, and it’s only a matter of time before the inevitable happens.
Federal Authorities Are Breathing Down Coinbase’s (USDC) Neck
Coinbase (USDC) has been under investigation by the U.S. SEC for its involvement in a case of insider trading. To be sure, it wasn’t Coinbase as an entity that was party to insider trading but one of its employees. A newly appointed product manager with access to sensitive information on upcoming token listings on Coinbase relayed that information to his brother and the latter’s friend. In doing so, the three people pocketed a sweet $1.5 million in illegal profits. This past week, the ex-product manager pleaded guilty to insider trading, although his sentencing is yet to be announced.
Coinbase isn’t the only one facing the wrath of federal authorities. Kraken crypto exchange recently settled for a $30 million fine with the SEC for its staking feature. The exchange is also being forced to shut down staking on its platform. Considering that all major centralized crypto exchanges offer staking-as-a-service, the SEC will also turn its attention to them.
TMS Network (TMSN) is currently in its infant phase of fundraising and is trading at $.0047, and anyone looking to learn more about the product and join the TMS Network’s community can follow these links:
BNB (BNB) and ORBN (Orbeon Protocol) are two cryptocurrencies that have been making waves in the market lately. While BNB’s growth can be attributed to its strong use case within the Binance ecosystem, ORBN’s impressive gains can be attributed to its revolutionary approach to crowdfunding.
ORBN is the native token of the Orbeon Protocol (ORBN), a revolutionary decentralized investment platform that aims to change the way crowdfunding is currently done. Orbeon Protocol (ORBN) is now at stage eight of its presale, and Orbeon Protocol (ORBN) has risen a whopping 1815% from $0.004 to $0.0766. This incredible growth is a testament to the platform’s potential to disrupt the traditional crowdfunding space and revolutionize the way investors and entrepreneurs interact.
>>BUY ORBEON TOKENS HERE<<
BNB (BNB) Starts the Year Off Strong
BNB (BNB) is a cryptocurrency created in 2017 by the Binance exchange, one of the largest cryptocurrency exchanges in the world. BNB (BNB) began as an ERC-20 token on the Ethereum blockchain, but BNB (BNB) has subsequently transferred to its own blockchain, known as the Binance Chain.
Within the Binance ecosystem, BNB (BNB) offers a range of use cases. BNB (BNB) is primarily used to pay transaction fees on the Binance exchange, but BNB (BNB) is also used for trading, investing, and purchase products and services from businesses that accept BNB (BNB). Furthermore, Binance frequently utilizes a portion of its revenues to purchase back and “burn” BNB (BNB) tokens, reducing the overall quantity of BNB (BNB) and increasing its value.
The current price of one BNB (BNB) is $319.66 as of February 16, 2023, and it has climbed by 5.60% in the previous 24 hours. The BNB (BNB) price has risen by 29.6% year to date.
BNB (BNB) has increased in popularity and value, owing mostly to its use in the Binance market. BNB (BNB) is now one of the most valued cryptocurrencies on the market. People have purchased and traded BNB (BNB) valued at around $1.4 billion in the previous 24 hours. Overall, BNB’s (BNB) strong use case and user appeal have aided its growth as a cryptocurrency.
>>BUY ORBEON TOKENS HERE<<
Orbeon Protocol (ORBN) Rallies 1815% in Presale Phase 8
Orbeon Protocol (ORBN) is a decentralized investment platform that intends to change the way crowdfunding is currently done. Orbeon Protocol (ORBN) does this by offering investors a one-of-a-kind method to invest in their favorite firms via the Orbeon Launchpad. Orbeon Protocol (ORBN) makes it simple and quick for entrepreneurs to give investors with shares of their firms via fractionalized NFTs backed by the startup’s equity.
Orbeon Protocol (ORBN) makes it simple for small investors to invest in businesses. Orbeon Protocol (ORBN) improves transparency, liquidity, and financial inclusion by allowing NFTs to be acquired for as little as $1.
Startups must go through a rigorous verification process and declare financial goals before being admitted onto the Orbeon Protocol (ORBN) platform. This target is used to keep investors safe as it triggers the “Fill or Kill” mechanism inside the Orbeon Protocol (ORBN), which determines whether a company receives money. Goals must be met in order for funding to be released. Orbeon Protocol (ORBN) investors are immediately repaid if they miss them.
Orbeon Protocol (ORBN), the native token of the Orbeon Protocol (ORBN), is now at stage eight of its presale and has risen 1815% from $0.004 to $0.0766. Analysts are now anticipating highs of $0.24 before Orbeon Protocol (ORBN) presale ends, implying a 6000% return for early investors.
If you’ve been on the lookout for crypto assets to monitor during the first quarter of the new year, considering Dogetti (DETI) and other existing crypto assets like Filecoin (FIL) and Quant (QNT) could just be the best decision. Analysts have listed the three crypto-assets among those to watch out for, and they could be the altcoins you never knew your portfolio needed.
Dogetti (DETI) – New and Experienced Traders Alike Are Joinning Its Presale
The new cryptocurrency could restore the meme glory, as it boasts top features expected of a promising crypto asset. One of the things that makes Dogetti highly likely to succeed is its strong dedication to building a strong and expansive community which it refers to as FAMILY. Community support is essential to the development and success of crypto projects, and Dogetti developers are focused on ensuring it’s not lagging in this aspect.
The meme coin community will feature giveaways, bonuses, and rewards to incentivize community members and spur more participation and dedication. The multipurpose project features the DogettiSwap, a decentralized exchange where users can enjoy cost-effective and fast crypto-swapping transactions. The Ethereum-built platform’s native token, DETI, will be the payment medium for these transactions.
Beyond payment, the Dogetti token (DETI) will facilitate NFTs minting and governance in the platform’s DAO. Token holders will make up the members of the Dogetti DAO, and each of the members will be involved in decision-making via voting and deliberation. The higher the amount of Dogetti tokens (DETI) you hold, the more voting power you have.
Dogetti NFTs is another feature that could see it get crypto project excel, as the market for non-fungible tokens is likely to experience a value increase again after its unexpected downturn in the previous year. As a Dogetti holder, you’ll be able to mint, collect, buy, and sell the Dogetti NFTs.
The non-fungible tokens have a high propensity to increase in value, which makes them a good store of value. Dogetti (DETI) is soon hitting the market, and its features bring much optimism. Early investors are likely to make the most of its profitability, making it important to keep an eye on the meme coin.
Quant (QNT) – Increasing Utility For Blockchains Everywhere
Quant connects numerous Blockchain networks using the Overledger DLT gateway technology. This ensures secure interaction and connection without any negative effect on efficiency. It is one of the most interoperable protocols, and its OS-supporting feature makes it a choice for most enterprises and businesses.
With Quant, building multiple chain applications and smart contracts is easy. Businesses can leverage these multiple chain applications (MAPPs) to access different data and important features of numerous networks, making service delivery more satisfactory for business developers. This makes the blockchain network a great enterprise-grade network.
Building MAPPs and other digital infrastructures on the protocol requires the platform’s native token QNT. It powers the platform’s functionality, and it’s one of the most promising crypto assets you can consider during the first quarter of this new year. Adding the crypto asset to your watchlist could be a profitable decision in the long run.
Filecoin (FIL) – Providing Solutions For The Future Of Technology
Filecoin is a blockchain-based storage protocol that helps users secure their data. Apart from ensuring users’ data are safe and free of the threat of privacy intrusion, users can also leverage the platform to earn passive income by lending/selling cloud storage spaces. Since its launch in 2017, the crypto project has gone on to make a name for itself by proffering a solution to one of the prominent problems of the Blockchain space, which is data storage.
Activities on the protocol are powered by its native token, FIL, which has proven to be a great asset over the years. Filecoin token (FIL) survived the crypto winter in the previous year, and it’s now prepared to have a great run in the coming months. This makes it another crypto asset worthy of consideration.
For the better part of the last six months, the talk within the cryptocurrency industry has been centred around the ongoing bear market. Known all around the crypto industry as an extended period of extreme market volatility and negative crypto prices, the bear market is a dreaded time for members of the global crypto community, and understandably so. It is incredibly difficult to generate profits within a bear market and probably equally difficult to avoid losses. In times like these, many crypto analysts and experts advise a total abandonment of crypto strategies in favour of long-term cryptocurrency investing. This way, it is possible to protect one’s assets against the harsh realities of the current climate and guarantee maximum returns in the long run.
Long-term cryptocurrency investing is by far the most effective crypto strategy in the ongoing bear market, and as such, crypto investors would be better off prioritizing this strategy in the current climate. This piece discusses three cryptocurrencies that could be perfect long-term cryptocurrency investments in the current climate and beyond. Here’s all you need to know about Algorand (ALGO), The Sandbox (SAND) and Big Eyes Coin (BIG).
Algorand (ALGO) – An Ideal Environment
Algorand (ALGO) is a prominent public blockchain platform within the cryptocurrency industry that is notable for several impressive features. Some of these include providing an ideal environment that provides feasible solutions to the blockchain industry’s scalability trilemma, as well as facilitating the creation of powerful decentralized applications (dApps) and financial primitives that will be used as the backbone of the future economy. It also addresses several critical problems that have become synonymous with blockchain platforms within the industry in recent times, such as decentralisation, scaling and speed through its architecture.
Its native cryptocurrency, ALGO, plays an integral role in its ecosystem by providing utility and facilitating several crypto operations, such as network governance, user interaction and payment fees. ALGO stock is listed on top crypto platforms, such as Binance and Coinbase.
The Sandbox (SAND) NFT Attitude
The Sandbox (SAND) is a popular blockchain-based virtual reality and gaming platform within the cryptocurrency industry. Over the last few years, it has become notable within the industry and among the crypto-gaming community thanks to several impressive features, such as providing an ideal environment that makes it possible for members of the crypto-gaming community to create, build, buy and sell digital assets in the form of a game. The Sandbox (SAND) is one of the leading platforms within the GameFi industry and is reputable all around the cryptocurrency industry for combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs) to provide an ideal decentralized platform.
Its native cryptocurrency, SAND, plays an integral role within its ecosystem by incentivizing it as well as facilitating several crypto operations, including network governance, user interaction and payment fees. SAND stock is listed on top crypto platforms, such as Binance, Coinbase and Huobi Global.
Big Eyes Coin (BIG) Presale Explodes
Big Eyes Coin (BIG) is an upcoming meme coin that many crypto analysts believe can redefine the industry and usher in a new age of valuable meme coins. The token boasts several impressive features, such as a massive supply of about a billion tokens and a lack of transaction taxes. The latter makes it an ideal crypto for daily activities within the industry, such as trading and user interaction.
Big Eyes Coin (BIG) is currently on presale and would make a fine addition to any crypto investor’s portfolio. For more information on the token, click here.
It is but one week to Nigeria’s Presidential Election. This is one in which there is a guarantee of Regime Change, since the current Presidential Partnership of Muhammadu Buhari and Yemi Osinbajo has run two full terms.
Under the terms of the Nigerian Constitution, it is not possible for Muhammadu Buhari, The President, to (lawfully) continue as President beyond the agreed point of inauguration of the next President, post elections which happen on 25 February.
Following my brand, ‘9ja Cosmos’ launching the first ever Web 3 Country TLD (Top Level Domain) in the world, for Nigeria (with .9jacom) on 13 September 2022, it has been customary for the 9ja Cosmos Logo and Corporate Slogan to appear in the Feature Image of my posts.
If the article flowed through Tekedia Institute as part of my continuous commitment to help grow the Institutes’ content library, then there would also be a strong pivot mention of Tekedia, particularly in the articles’ introduction on platforms.
Today, none of these things will happen.
Today I am not that person and I wear neither of these hats.
Today I am just the father of Nigerian children, the husband of a Nigerian wife, and an in-law or friend to many Nigerians.
I write now, in the interests of the road to a better Nigeria for all of us.
I am, in this issue, the least of all of you, but bespeak, please, I humbly implore you hear this my still small voice.
We have seen many challenges and much suffering. We have seen banks burn, currency and fuel shortage, runaway inflation, the Naira devaluing with no end in sight. Some of us see things as merit of the retiring regime. More can see things to demerit it. None of these things are now important.
The important thing is the road ahead to a light at the end of a tunnel.
Up to and including the Election:
Many of you by now have heard the vocal claims of Nasir Ahmad el-Rufai. While I would not want to comment on motivation, pretext and other things, I take his claim that there is a real chance of February 25 not producing a President at all – very very seriously indeed.
In this regard I beseech…
Before, up to and during this election is no time for spontaneous public gatherings, group public expressions of discontent, demonstrating, rioting, attacking of properties or people.
Give all Presidential Candidates fair quarter
Don’t obstruct, heckle, disrupt or intimidate at candidate’s gatherings and events.
Nobody can own your vote, regardless of what they spray or which local powerful politicians and other leaders promise block votes. The die is almost cast. What these big men have to say is little more than background noise. The bigger the men…. the littler! This is the time of last shall be first and first shall be last.
Ignore such distractions. Cast your vote with whatever is in your heart.
Do not heckle or otherwise interfere with or intimidate other voters.
Do not participate in the disruption of any INEC process.
Do not do anything that risks helping the fears of Nasir Ahmad el-Rufai to come to pass.
After the Election.
First a story.
Ever since a lad in Trinidad, I was fond of trekking. I would trek, starting at William Street, San Juan, cross the Croisee, do like I am heading for Laventille, pass through Febeau Village, and end up eventually coming down some pedestrian steps at a bend on the bottom of Belmont Circular, Port of Spain. I only ever touched the Eastern Main Road once, (which is the normal route to PoS).
I would trek at any excuse. I always learnt Appian Ways that could save time. There were a few times (not always) I had an assigned car with a job in Nigeria. If it was weekend and I could trek where I needed to be, I would just leave drivers off.
I became especially fond of trekking in the Ikeja area, centred in Ikeja Underbridge. I knew every inch of Appian Way to GRA, Ogba, Ojodu, beyond Opebi roundabout… pretty much any direction.
One place I was particularly fond of trekking through was Ipodo Street. It was a dead end at the Obafemi Awolowo Way end, but by going through a series of Apian Ways close to the market, a trekker can break out into it.
On the left side of the road, over the doorway of an unremarkable single story terraced building was a sign that said ‘DOUBLE CHIEF’ Over a period of time trekking this way, I got to know the man quite well.
In August last year, I trekked there – the first time in over five years. Alas, the Chief was late, but I met his eldest son. In the late chiefs’ time, there used to be an old man sitting on a plastic chair outside the property.
He wore an Ankara native, made of poor-quality material. It had marks having been hung to dry on the barbed wire at the top of the back wall following been washed by hand.
He seemed to be over 90 years of age but nobody really knew how old he was. This building was where the Chief held ‘surgery’ for his people. This man had been security, PA, usher, many things for the Chief. Retirement day came. He just never stopped turning up.
But every agbero, tout, aboki or bad boy that ever graced Ipodo Street would lower their posture in a semi-bow as they walked past, and looking his way, would say ‘Oga’, or ‘Chairman’.
The point of this story is that in Nigeria, everyone no matter how big has an Oga, and everybody, no matter how small, is an Oga to someone else.
Expectations of a Nigerian President in This Our Time.
From the story, understand that a President genuinely fit for purpose has over 200 Million Ogas – The Nigerian People. So we need to look for behaviours that acknowledge this from candidates.
A candidate that understands this, will not exhibit any sense of entitlement. They will not use language that indicates they think it is ‘their turn’…. that they are ‘anointed’ , that they have ‘right of passage’… that they have lined up the people in Nigeria that are ‘big men’ who are ‘Kingmakers’ who can deliver block votes.
That the individual voting decisions of the 200+ million voters don’t matter.
This sort of narcissistic arrogance is not what Nigeria needs for the next 8 years.
Yes, Nigeria has come of age. An age where a Servant Leader is important.
It is up to the electorate to decide which individual best meets these characteristics.
It is up to the new President, when elected, to understand who his Ogas are, and how to best be of Service to a citizenry with complex and sometimes conflicting needs.
With daughter, Niamh Soporuchi Adaeze, 2011
Expectations of the Nigerian Citizenry moving forward.
Nigeria is a Federal Republic. It is a Democracy. How the world at large views Nigeria depends on its own ability to respect due process and the rule of law. This is especially true of political decision processes and constitutional integrity.
In a regime change, a new Presidential Regime cannot simply wipe the slate clean as if everything the previous regime enacted does not matter.
Regardless of who becomes the new President, for a lot of the first term at least, the complexion of the leadership will exhibit properties of the Buhari/Osinbajo regime.
Evolution to the political ‘personality’ of the new regime is a gradual process.
Why is this important?
Well, when foreign governments, and global actors cannot rely on successive regimes willingness to respect what has been enacted by predecessors, it has huge negative impacts for a country.
Ease of doing business global ranking falls off a cliff.
Global perspective will be that citizenry japa potential has risen, so visa conditions will harden, and passport ranking will also fall off a cliff.
The three horsemen of the Apocalypse, S&P Global Ratings, Moody’s, and Fitch Group will destroy the countries credit rating, driving up cost of repayments on government borrowing, sending the currency into freefall, and creating rampant inflation.
Therefore, a new Presidency MUST show restraint when dealing with things that have been legally embedded, and therefore the citizenry also need to exercise some patience with the new regime, whosoever they are, at least over the first two years.
About the imagery of the Feature Image.
Yes, I know Wakanda Forever is a fictious film. Why did I pick it?
I know – Nobody walks around Nigeria dressed like Wakandans !
Firstly, if I were to use real Nigerians, I may not get the tribal balance right. Nigeria has over 200 tribes, and many outside of ‘WAZOBIA’ that are still quite big.. such as Ibibio or Tiv (non exhaustive list). So if I don’t illustrate a good balance of tribal notoriety I may upset some people.
I’m tired. It’s been a long day. I’m probably prone to forget someone. Life is too short and the message of this article is too important to be side-tracked by getting someone upset.
More important, how fantastical the concept of Wakanda is doesn’t really matter. How bizarre the technical arguments behind some of the events in the film are doesn’t matter. The larger-than-life costumes don’t matter. That it bears no real resemblance to Nigeria doesn’t really matter.
What would you really agree to watch a second time? Wakanda Forever, or an episode of African Magic?
The thing about the film is that it represents an African HOPE.
And HOPE is a lot of what Nigeria needs right now.
Nigeria does not need any ‘vibranium’
There is a small piece of ‘vibranium’ notionally in all of you. Let’s get this done. Let’s get February 25 over the line.
WAZOBIA FOREVER. Amen. In sha’Allah
The content of this article are my own and do not necessarily represent the views of 9ja Cosmos or Tekedia Institute.
