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Dogetti NFT Ecosystem Could Outdo Enjin Coin And Solana And Soon

By
TI Partners
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0

NFTs came in as exciting iterations of blockchain technology, and in the heat of the NFT rave, these digital assets have gathered massive popularity. There was an overall market cap growth of 11,664% in 2021, reaching close to $10 billion from $85 million in December 2020. Solana and Ethereum NFTs are major blockchains that launched some of the biggest NFT projects in the NFT space. Enjin Coin is another NFT-friendly platform that enables the easy use of NFTs by enthusiasts, businesses, brands, and more.

Solana NFTs like DeGods, Okay bears, Smyths, and more sold massively at launch, and investors benefitted equally from this launch. Although the NFT market is down considerably from its all-time high, it has demonstrated its potential in the past and could do even better when the bull market returns.

Dogetti is a new meme coin looking to tap into the potential meme coins have to offer, producing its own NFT platform for users interested in this digital asset class. Dogetti is a new project offering fresh perspectives, new liquidity, and more. It could be the next biggest NFT community for users to explore.

Solana(SOL) – A Rising Sun Of A Future

Solana(SOL) is a third-generation blockchain built to overcome scalability hurdles in the decentralized financial system. The three major blockchain trilemmas have been decentralization, scalability, and security. The argument has always been that no system can offer all three without sacrificing one. Solana is a system built to provide all these blockchain offerings, ranging from decentralization security to scalability. Solana is one of the most scalable systems, offering seamless, cheap, and fast transactions without excessive gas fees like the Ethereum blockchain.

Solana is a blockchain that offers the best of blockchain functions, including DeFi utilities and the building of decentralized applications. It is also a top NFT platform, and numerous Solana projects have performed exceedingly well in the past weeks.

Enjin Coin(ENJ) – Gaming Functionality Improved

Enjin coin(ENJ) is a software and cryptocurrency that supports the creation and development of gaming content, NFTs, and more using virtual assets in the ecosystem. The community houses over 20 million users and gamers who create varying gaming communities that align with other gamers’ interests. It is a network of individuals interested in building, innovating, interacting, and having maximum fun.

In addition, Enjin(ENJ) enables the franchising of gaming, making it easy for individuals to earn from their gameplay. The sequence of game creation is highly beneficial to both creators and gamers as both parties get a chance to monetize the time spent on the platform. Enjin intends to combine game creation and blockchain technology to promote fun, inclusivity, and opportunities to gather wealth. The network gives programmers the resources they need through NFTs and virtual assets, allowing them to build unique creations on its platform.

Dogetti(DETI) – Making You An Offer You Can’t Refuse

Dogetti(DETI) is a new meme coin looking to imitate the success of Dogecoin in the meme coin meta. The meme coin aims to build a community of dog and meme coin lovers while also offering more utilities for users on the network. Dogetti aims to launch on the Ethereum blockchain and provide a means for swapping with ease utilities like NFTs, DAO, and more.

Dogetti(DETI) meme coin aims to be the next biggest one after Doge, and the network is currently prepping for presale. The presale will be an opportunity for individuals to buy their tokens for cheap and resell for higher prices, as there is almost a guarantee for an increase when the token launches. Dogetti presale starts soon, and you should be on the lookout.

 

For More Information On Dogetti (DETI):

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

Crypto Experts Predict Big Eyes Coin And Four Other Cryptos That Will Surge 100x Including Litecoin and Avalanche

By
TI Partners
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0

Crypto traders all over the world are searching for positive signs the market can stir the ship in the direction of gold. Some recurring many are asking are – “what is the future of cryptocurrency in general, and will 2023 be a significantly better year than 2022?”

This article provides answers to those questions and others.  Making and defining five predictions for the cryptocurrency industry in 2023 that point to huge growth this year.

Crypto investors can enhance their digital wallets by adding coins such as Big Eyes Coin (BIG), Avalanche (AVAX), Litecoin (LTC), Cosmos (ATOM), and Shiba Inu (SHIB). These are the most successful coins on the market, and they might just be your key to success as their popularity and price skyrocket.

Avalanche (AVAX)

Avalanche is a layer one blockchain that can be used to build decentralized applications and custom blockchain networks. It is an Ethereum competitor attempting to dethrone Ethereum and become the most popular blockchain for smart contracts. This is accomplished by maintaining scalability while allowing for a higher transaction volume of up to 6,500 transactions per second.

Avalanche, a cryptocurrency, appears to be on track for a 36% increase, as it is now trading above $20. Amazon allegedly collaborated with AVAX developer Ava Labs earlier this month in an effort to broaden blockchain adoption across multiple industries.

Litecoin (LTC) – Piggybacking Off Bitcoin To Forge Its Own Way

Litecoin (LTC) entered the market in 2011 as a fork of the Bitcoin (BTC) blockchain. This means Litecoin uses the same mining algorithm as Bitcoin. The cryptocurrency platform aims to provide a service that consumes significantly less energy than Bitcoin while lowering transaction costs.

Litecoin appears to have accomplished this, as its annual energy report shows that the Litecoin network consumes roughly half the energy that Bitcoin consumes! Although Litecoin consumes less energy than Bitcoin, the blockchain can confirm transactions faster.

So, how is Litecoin doing right now? Litecoin looks to have reached a plateau. The platform had a very productive start to 2023. However, it has since slowed its massive expansion. Litecoin’s growth has slowed hugely, it may now be the best time to invest in this cryptocurrency.

Big Eyes Coin (BIG) Continues It’s Success In Presale

Big Eyes Coin is one of the most intriguing meme-coins investors will come across this year. The coin, which has an eco-friendly vision, aims to give back huge returns to investors.

5% of all tokens will be stored in a wallet, and another 5% of the proceeds will be used for marketing purposes. 20% will be sold on exchanges, with the remaining 70% distributed during the presale. The meme coin aims to raise a total of $50 million.

Big Eyes Coin has raised $25 million and is in its eleventh stage of presale. Big Eyes Coin’s price has increased by 20% each time, giving buyers time to benefit from price appreciation.

The coin is currently offering its final ever promo code of LAUNCHBIGEYES200, which provides a 200% bonus on Big Eyes Coin purchases. There are only a few days left before this code expires, so investors should act quickly.

Cosmos (ATOM)

Cosmos, like the rest of the crypto market, was in a slump in 2022. However, the blockchain platform has seen exponential growth for the majority of January 2023, allowing it to rank among the top twenty cryptocurrencies in terms of market capitalization.

The fast interworking of the Cosmos blockchain is a significant advantage. Inter-Blockchain Communication (IBC) enables over 150 Tendermint-blockchains to exchange tokens and be interoperable.

Also, through the proof of stake (PoS) consensus, which allows ATOM holders to stake their tokens to secure the network, Cosmos users can earn passively from the platform. Staking tokens allow users to earn staking rewards and validate transactions on the Cosmos blockchain.

Shiba Inu (SHIB)

As more investors and traders become interested in Shiba Inu, the demand for the meme coin is skyrocketing. This is now reflected in the largest Ethereum (ETH) whale accounts’ holdings.

According to WhaleStats, the top 500 Ethereum (ETH) whale accounts have the most Shiba Inu tokens in their wallets, as of January 30th.

Shiba Inu dethroned seven other leading altcoins in the market to achieve this position, with these whale accounts holding $581,857,477 SHIB coins.

To become one of the kitten cash rich, check out the links below.

 

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Data Analytic Startup, Stears, Calls Nigeria’s Presidential Contest for Peter Obi

By
Ndubuisi Ekekwe
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1

Stears, an African data and intelligence company, founded by Preston Ideh, Abdul Abdulrahim, Foluso Ogunlana, and Michael Famoroti, who met at the London School of Economics and Imperial College in the UK, has called it for Peter Obi: “Even after including silent voters, Peter Obi holds a comfortable lead. In essence, the Stears electoral poll and prediction model affirms that Peter Obi is by far the most popular and desired candidate for the 2023 Presidential Elections” .

Nairametrics provided a deeper insight: “Labour Party’s presidential candidate, Peter Obi, has been named the most universally accepted candidate amongst the list of aspirants for the 2023 national presidential elections. This is according to a recent poll by Stears, an African data and intelligence company. According to the findings of the survey, Peter Obi is the only candidate amongst the lot to achieve at least 25% of the vote in most geopolitical regions, that is five out of six, based on the responses of the voters that declared their candidate preference.”

Good People, if you have any poll  which any of Premium Times, Nairametrics, and top-6 newspapers (Guardian, Punch, Vanguard, Sun, Vanguard, BusinessDay) have found useful to publish, share with me, even if Tinubu, Atiku, Obi, etc is leading by 100%. Because I do not break news, focusing on broken ones, do not accuse me of publishing polls which Obi seems to be leading. Get it: I am only educating our community. Hold that insult; just share the poll – and I will run it. 

Remember, the smarter people in this business must have published the poll for me to use it; if not, do not bother. I depend on those experts because they’re trained journalists and have the tools to make better decisions so that we do not spread fake news and polls.

Of course, the best poll is the election; #vote.

Relevant Provisions of the Dishonoured Cheques Act, Letters of Credit in Nigeria

By
Emmanuel Ifeanyi Ogbuka
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0

The Dishonoured Cheques Offences Act (Amended in 2017) was passed as a designated framework for prosecuting acts constituting the financial crime of purporting to settle lawful payment obligations by the use of cheques which are monetary instruments (typically post-dated) issued by a drawer asking his bank to make a payment to a 3rd party.

This article will be dealing with the topics of :-

– What constitutes a dishonoured cheque.

– When presenting or drawing a dishonoured cheque becomes a crime under the Dishonoured Cheques Act.

– The means of commencing prosecution of offences under the Dishonoured Cheques Act.

– The punishments applicable for offences under the Act.

When is a cheque deemed to be dishonoured under the Act?

The act defines a cheque as being dishonoured when presented for payment within a reasonable time and is rejected on the following grounds of :-

– No funds or insufficient funds standing to the credit of the drawer of the cheque.

– The account of the drawer is dormant or non-existent.

– The mandate on the cheque being irregular.

– The drawer countermands the payment of a cheque without prior notice of such stoppage to the payer. 

When exactly is an offence deemed to be committed under the dishonoured cheques act?

The act states that a party will be guilty of an offence under the act when :-

– He deliberately obtains for himself or any other person by means of a cheque which when presented for payment not later than 6 months after the stated date of the cheque is dishonoured.  

– When a cheque is deliberately presented for the satisfaction of a contractual obligation by a drawer who knows that the cheque will be dishonoured on any of the grounds highlighted by the Act.

When will a person be deemed not guilty under the Act?

A person shall not be guilty of an offence where he proves in court that he had reasonable grounds to believe that it would be honored upon presentation for payment within the time period specified by the Act.

What are the prescribed punishments or sanctions for offences under the Act?

For individual offenders, the act prescribes a maximum 2 year imprisonment and a 500 Thousand Naira fine option,  a 5 Million Naira fine for big companies, a 1 Million Naira fine for small companies, and and a 1 Million Naira fine or twice the value on the dishonoured cheque (whichever is higher) for statutory corporations.

Who or which agency has the original jurisdiction to prosecute and adjudicate on offences under the Dishonoured Cheques Act?

The High Court of a State and the Federal High Court of Nigeria have the jurisdiction to hear and adjudicate on matters involving alleged offenses under the dishonoured cheques act and the primary power to commence prosecution of offences under the act resides in the Attorney-General of the Federation.

Letters of Credit in Nigeria

International commerce is heavily dependent on timely and foolproof payments made across borders and sometimes without face to face meetings of any sort. This has necessitated the use of a wide range of payment instruments, one of them being letters of credit.

Letters of Credit are payment instruments in support of International trade transactions based on bank guaranteed-payments between the bank of buyer and an exporter of goods.

This article will be looking at the provisions of Nigerian law on letters of credit.

What makes up the main Regulatory Framework for letters of credit in Nigeria?

Letters of Credit are regulated by the Central Bank of Nigeria by virtue of its Trade and Exchange Department Circular of February 24,2016 as well as the international Uniform Customs and Practice for documentary credits (UCP 600) published by the International Chamber of Commerce in July 2007.

Are letters of credit revocable?

No they are not.

Can letters of credit be used in domestic transactions?

In practice, no.

When are Letters of Credit required?

Letters of Credit are required when there’s no certainty of the representations made by contracting parties in International transactions.

Are Letters of Credit convertible?

Yes, letters of credit can be converted into loan agreements between the buyer and his bank.

Are banks statutorily required to provide foreign exchange for letter of credit transactions?

No they are not. This is the reason for a type of letter of credit known as “Non-valid for foreign exchange Letters of Credit” used by applicants that have to source required foreign exchange for their international transactions from the parallel market.

Bitcoin NFTs Trades for Six Figures amid OTC Trading on Spreadsheet

By
Paul Ugbede Godwin
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0

Lately there has been buzz on the Ordinals Bitcoin NFTs. Rodarmor, a prolific blockchain developer created the ‘Ordinals’ on Satoshi script a week ago on the Bitcoin network, presumably many believed Bitcoin is meant for processing payments and not as fungible tokens but through this new discovery, NFTS can now be inscribed on the chain with many notable derivatives such the original CryptoPunks and Bored Apes launching on the Ordinals protocol with high trading volumes, floor and bidding price.

The average price of a floor CryptoPunks NFT on the Ethereum mainnet is around 60 Eth or $90,000 but it is way more expensive on the Bitcoin chain, with Bitcoin Punks trading around six figures as most trades are executed on Spreadsheet via OTC trading.

Interestingly, Leonidas an NFT Historian wrote an extensive Twitter thread explaining why he ventured into the Bitcoin NFTs narrative and what prompted him in spending 3.2 BTC (45 ETH) or $73,600 on Bitcoin Jpegs.

To put it simply, I’ve fallen in love with the ordinals protocol. It’s elegant, opinionated, and strives to bring digital objects to Bitcoin in a way that honors its ethos and values. I got to meet the founder back in September and am so proud of him. For those who don’t know, every Bitcoin can be subdivided into 100,000,000 satoshis.

Recently, Rodarmor found a way to associate a unique number with every satoshi so that they can be individually tracked and transferred. Then he took it a step further by developing a method for inscribing arbitrary data onto a satoshi. When you put all of this together it means that you can store any content that you want directly on Bitcoin and then transfer it to others. Want your art on Bitcoin? Just inscribe the JPEG. What about a song? Just inscribe the MP3. A website? Just inscribe the HTML. A video game? No problem, somebody already inscribed a fully functional game of Doom which you can play.

So far there are ~38,000 inscriptions and this number has been roughly doubling every day for the past week. However, interacting with the ordinals protocol is currently cumbersome as you need to run a full Bitcoin node and have minor technical skills.

But this is changing quickly, which is part of the reason why I’m so excited about the future of ordinals. An organic ecosystem is forming and IMO it is inevitable that the infrastructure needed to onboard several orders of magnitude more people will get built out. Explorers, collections, inscription tools, wallets with a GUI (currently only has a CLI), and trustless marketplaces with a GUI (currently all trades are OTC) are all actively being developed.

This brings me to the Bitcoin Punks. As a Historical NFT collector, my thesis is that value will accrue asymmetrically to the collections that are early. I’m not interested because they are punks (they could be anything) rather I care because they are low number inscriptions. Bitcoin Punks are 10,000 of the first 34,400 ordinal inscriptions. As a collector, this narrative resonates strongly with me.

My theory is that the more successful the ordinals protocol becomes, the more inscriptions there will be and thus the more rare and desirable the earliest inscribed collections will become. I think some people are missing the point by paying attention to the art/collection. In the future, quality will matter a lot more, just like it does for Ethereum, however, the ordinals market is currently predicated on low inscriptions having long-term collectible value. I believe that collectors will value the permanence of having art backed up forever to the Bitcoin blockchain, and think the high-end cryptoart market will eventually come to value what the Bitcoin brand adds to a collection but for now it’s all about low inscription numbers.

However, Davis KOL an ardent Bitcoin and Crypto Experimentalist at BasedKarbon, is not really happy with the Bitcoin NFT meta currently buzzing Twitter, he noted Bitcoin NFTs priced in eth, based on eth NFTs, and being wrapped in emblem vaults to sell on opensea has to be the stupidest nft meta we’ve had so far;

Priced in eth and emblem wrapped wouldn’t be that dumb if the projects were original. I’d understand the need to make the experience accessible and familiar. But copies of punks, a ripoff of a failed punk derivative, moonbird, Clones kinda clear which group is doing these gifts.

Bitcoinooooors have spent the last years alternately mocking NFTs and trying to get ETH regulated out of existence ex-post facto as a security, and now they want all the ETH NFT folks to basically seed them on their development of a Bitcoin NFT architecture.

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