DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 4642

Rocketize Token And ApeCoin Have Some Interesting Developments

0

The cryptocurrency market has been on a downtrend since the year started, and crypto investors have no choice but to trust crypto projects that show exciting trajectories. Crypto enthusiasts have had to be extra careful about the projects they invest in, especially recently with the condition of the market following the FTX crash. 2022 has not been a good year, but as we approach the end of the year, crypto enthusiasts are finding some decent projects they can bet their confidence on.

Rocketize Token (JATO) is a new meme coin project that looks to be having a great presale so far; having raised millions of dollars, investors look towards the project as a means to create build-up for market volume and potentially the bull market. Meme coins have always helped save the market from a prolonged bear market rally, as we have seen from Dogecoin (DOGE) and Shiba Inu (SHIB). This potential has driven people into the community who are looking to buy the token from the presale. Also, presale tokens are one of the least risky investments in cryptocurrency, with high-profit potential.

ApeCoin (APE) has also developed some interesting updates in the past few weeks. ApeCoin is one of the most promising cryptocurrencies in the market, and with being the best performer of Q1 2022, investors look towards a comeback as soon as the market regains strength. However, there has been some significant update in response to the SEC investigation against Yuga Labs, the parent brand for the cryptocurrency.

ApeCoin (APE)

ApeCoin (APE) is an ethereum-based token that serves as a governance and utility token for the APE ecosystem. The APE ecosystem consists of the communities of NFT collections like the Bored Ape Yacht Club, Mutant Ape Yacht Club, and other affiliated collections. The token was created by Yuga Labs, the parent brand of the Ape NFTs and more. And in anticipation of a metaverse game, ApeCoin is potentially a huge market token for the community.

The token had an incredible performance earlier this year after it launched as an airdrop to core Ape NFT holders. After launch, Yuga Labs launched another NFT collection, Otherdeeds, for Otherside, which is a collection of metaverse items, characters, in-game assets, etc.

ApeCoin is geo-blocking access to its staking service for North American token holders shortly after an SEC investigation into Yuga. The Yuga Labs-issued ERC-20 ApeCoins will not be available for stake by North American cryptocurrency users, as announced by the company on Wednesday. The ApeCoin DAO said that it had “no good option” but to deliberately geo-block the service in several locations, including Canada and the United States, due to the “current regulatory climate.”

Rocketize Token (JATO)

Rocketize Token (JATO) is a new DeFi meme coin launching on the BNB smart chain that has built an interesting narrative towards its launch. Meme coins are known to be explosive and can have insane price pumps. Rocketize is buying into this narrative to launch its meme coin; the token also takes its name, JATO, an acronym for Jet Assisted Take-Off from the meme coin slang of “price going to the moon.”

Mooning is a slang term for explosive price pumps, and Rocketize Token promises such price pumps with its token. Supporting the narrative with its rocket and astronaut memes, the community is buying into this, and you can see the joke spreading across the internet already. Rocketize Token will aim to create wealth out of DeFi, and it can use the resources available to it and also the leverage of launching on BNB Chain to create value.

Rocketize Token is a meme coin project that looks decent at the moment, and users expect to make a lot of money out of this. Join the Rocketize presale here now, and don’t miss out on potential gains.

 

Presale: https://rocketize.io/buy

Website: http://rocketize.io

Telegram: https://t.me/RocketizeTokenOfficial

Trust Wallet Token (TWT) and OKB (OKB) Only Increased Slightly!  Snowfall Protocol’s (SNW) New D’app Has Been Welcomed By Investors and Analysts Alike!

0

Trust Wallet Token (TWT) and OKB (OKB) are two of the most popular tokens in the world. While their prices have only increased slightly in the past few weeks, there is another token that is making waves in the cryptocurrency community.

Snowfall Protocol (SNW) has announced its prototype, and the market has reacted positively as investors clamor to buy more!!

The Best Innovation In Crypto History

Experts are suggesting that the Snowfall Protocol (SNW) is the most innovative project in the entire cryptocurrency industry. They point to the unique interoperability model of Snowfall Protocol (SNW), which allows users to easily swap their digital assets from one blockchain to another without having to worry about compatibility issues.

This breakthrough technology has been praised by some of the biggest names in crypto, and it is clear that Snowfall Protocol (SNW) is here to stay. Trust Wallet Token (TWT) and OKB (OKB) are not going to make you wealthy. Both Trust Wallet Token (TWT) and OKB (OKB) have competition and neither has the revolutionary interoperability model of Snowfall Protocol (SNW).

Unprecedented Growth for Token Holders

Since stage 2 of SNW’s token sale, the price has skyrocketed, increasing more than 250%. This is unprecedented growth in such a short period, and it only looks to continue as the prototype dAPP is launched. Trust Wallet Token (TWT) and OKB (OKB) cannot compete with the 1000x increase potential that SNW provides. https://presale.snowfallprotocol.io

Token holders of Snowfall Protocol (SNW) are already becoming wealthy, and you can join them by investing in Snowfall Protocol (SNW) now. Trust Wallet Token (TWT) and OKB (OKB) will not provide such returns, so don’t miss out on this opportunity to become a part of the crypto revolution. Invest in Snowfall Protocol (SNW) today!

Snowfall Protocol: The Era of Compatibility

Imagine if you could easily swap your Trust Wallet Token (TWT) into OKB (OKB) and vice versa without having to worry about compatibility issues. With Snowfall Protocol (SNW), this is now a reality.

Trust Wallet Token (TWT) and OKB (OKB) are not as revolutionary as Snowfall Protocol (SNW), so don’t miss out on the opportunity to invest in the future of digital asset swapping. Trust Wallet Token (TWT) and OKB (OKB) don’t stand a chance against Snowfall Protocol (SNW). Invest now!

 

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

 Twitter: https://twitter.com/snowfallcoin

 

Final Thoughts

As the first cross-chain transfer ecosystem, Snowfall Protocol (SNW) is creating a revolution in digital asset swapping. Trust Wallet Token (TWT) and OKB (OKB) are just basically loyalty tokens that don’t have the capabilities of Snowfall Protocol (SNW). Invest now!

Imagine what it would be like if you could teleport yourself and your property to anywhere in the world and trade your belongings at the click of a button. That’s what Snowfall Protocol (SNW) is all about!

Axie Infinity (AXS), The Sandbox (SAND) Consolidate, Analysts Recommend Orbeon Protocol (ORBN) Presale To Take More Profits

0

One of the most exciting moments for investors and traders is when they earn massive returns from a strategic move. While volatility and price fluctuations make the global crypto market very risky, investing in early stage businesses can give you an edge against the risk.

Crypto projects like Axie Infinity (AXS), The Sandbox (SAND), and Orbeon Protocol (ORBN) have shown potential to earn any investor a decent ROI. Notably, ORBN is set to increase by over 6000% over presale. Read on to find out what the various teams are doing to revolutionize their target markets.

>>BUY ORBEON TOKENS HERE<<

Unraveling The Reason Behind The 200% Pump of Axie Infinity (AXS)

This month the price of Axie Infinity (AXS) has gone up by 200% to as high as $19.12 per token, but market forces took a toll on it, causing it to nosedive below $6. The reason behind the 200% pump if Axie Infinity may not be unconnected to the fact that a Binance account was compromised, which led to the execution of a large Axie Infinity buy order. The hacker immediately exited the market after dumping close to 3 million Axie Infinity tokens.

Axie Infinity (AXS) is a blockchain-based game and an Ethereum token. In the game, players collect, battle, and build a digital city for their pets. As a user, you can stake Axie Infinity Shards to earn rewards and also participate in major governance votes. At press time, Axie Infinity (AXS) trades at $6.85 USD with a 24-hour trading volume of $45,785,740 USD.

The Sandbox (SAND) Innovates To Gain More Holders

The Sandbox (SAND) team is doing everything within its powers to gain more traders and investors alike, and the team’s effort is actually paying off. The Sandbox (SAND) appreciated by 0.5% in the last 48 hours of trading to close around $0.57.

The Sandbox (SAND) doubles as a metaverse token and a metaverse NFT game. It has a marketplace where gamers can buy, sell, and even trade their NFT collections for real-world money. The Sandbox game uses SAND as the in-game currency. There are a lot of things you can do with The Sandbox, including purchasing gaming features to enjoy a seamless gaming experience. At press time, The Sandbox (SAND) trades at $0.576199 USD with a 24-hour trading volume of $91,944,766 USD.

The Sandbox (SAND) nevertheless has seen some significant attention from investors.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN) Set to Skyrocket by 6000% in presale

Although a new entry into the crypto and NFT markets, Orbeon Protocol (ORBN) has lots of exciting potential to disrupt the present-day venture capital and crowdfunding platforms. This project uses the immutability of non-fungible tokens and the power of blockchain technology to redefine what’s happening in the traditional fundraising and crowdfunding space. Orbeon Protocol (ORBN) is ahead of other fundraising platforms in different ways.

First, it lets users easily invest in early stage businesses fundraising through fractionalized NFTs. In fact, with as low as $1 you can invest in any business on the platform. Secondly, startups can approach Orbeon Protocol (ORBN) platform to raise funds to expand their business activities. Orbeon Protocol (ORBN) has a native token that powers its ecosystem. The token has different real-world use-cases, including for governance, staking, and discounts on trading and transaction fees.

Orbeon Protocol’s pre-sale stage 2 is currently ongoing. The price of ORBN increased from $0.0144 to $0.0216 last week, bringing the total presale gains above 260%.

 

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

Telegram: https://t.me/OrbeonProtocol

Is Nigeria’s economy going to be solved by the new Naira Note?

2

The secondary history of this country should not be the primary focus of research; instead, it is important to examine its economic foundations in order to identify and resolve any economic challenges. Since nothing can be produced under duress, it is necessary for an efficient economic structure to examine and use ancient analytical, historical, and statistical materials.

The lack of dynamic nature of the economic structure is blatantly apparent in Nigerian society. The higher hills of this issue are the analog developers who use unstructured economic unbalanced equations, which have been seriously depressing the economy like the bitcoin market. Yes, the government and poverty are killing us, but that is not the major goal of this article. The managers and builders of the analogy reject the outdated economic data that was formerly the nation’s route map to improvement. 

The Nigerian economy is comparable to riding in first class on a colliding aircraft. Please check into every area of this country, including the center of the economy; you’ll find that a large number of criminals graduated from there. Future events are uncertain because they involve nature, yet economies can be predicted because they are all governed by the same systems. It is possible to pinpoint the exact moment that the Nigerian economy began to collapse by looking at the introduction of the new administration.

“In order to identify the strong and collapsing systems, the historical root is the one to investigate. Here is the antecedent in history”;

Nigerian Political and Economic change between 1980s — 2020

In contrast to the 1970s, Nigeria’s economy in the 1980s was characterized by its reliance on petroleum, which in 1988 accounted for 77 percent of the Federal Government’s current revenue and 87 percent of export receipts. Another notable economic development in the 1980s was the drop in real gross national product (GNP) per capita, which remained until oil prices started to increase in 1990. This was a result of declining oil output and prices. In fact, between 1980 and 1987, GNP per capita fell by 4.8 percent, which caused Nigeria to be classified by the World Bank as a low-income country (based on 1987 statistics) for the first time since the annual World Development Report was established in 1978. Another relevant feature of the Nigerian economy was an abrupt change in the government’s share of expenditures.

As a percentage of gross domestic product, national government expenditures rose from 9 percent in 1962 to 44 percent in 1979 but fell to 17 percent in 1988. In the aftermath of the 1967–70 civil war, Nigeria’s government became more centralized. The oil boom of the 1970s” provided the tax revenue to strengthen the central government further. 

Expansion of the government’s share of the economy did little to enhance its political and administrative capacity but did increase incomes and the number of jobs that the governing elites could distribute to their clients. Along with nations like Bangladesh, Ethiopia, Chad, and Mali, the World Bank also determined that Nigeria was sufficiently impoverished in 1989 for it to qualify for concessional financing from one of its affiliates, the International Development Association (IDA).

More than 2 million illegal workers (mostly from Ghana, Niger, Cameroon, and Chad) were expelled between January 1983 and May 1985 as a result of political pressure brought on by the economic collapse that occurred in the late 1970s and early 1980s.

Boko Haram’s effect on Nigeria’s economy

Since 2011, Boko Haram is thought to be responsible for about 10,000 fatalities and about 2.6 million Nigerians who have been displaced. Nigeria’s economy weakened after Boko Haram started attacking local shops, offices of the government, and community centers like churches and schools. Due to attacks or fear of Boko Haram, local companies started to move to the Southern part of Nigeria. Power outages and security issues brought on by the attacks forced the closure of almost 80% of Kano’s businesses. Boko Haram severely damaged Market Monday, a significant market in Maiduguri, the capital of Borno, forcing nearly 10,000 establishments to close.

According to reports, Boko Haram’s violent attacks on banks led them to reduce their operating hours from eight to three hours in order to reduce the likelihood that they would be attacked, leaving the public dependent on their financial resources. Citizens and the government had to pay for the retribution of damages caused by Boko Haram. This stalled the economy in the northeast region because businesses were leaving, people began to lose jobs, and there was less money going into the local economy. 

Conflict impacts child health through multiple pathways. Nigeria lost 1.33 trillion dollars in foreign investments as a result of international investors withholding their money due to the country’s ongoing conflict and Boko Haram’s impact on the economy. Refugees from Boko Haram in Nigeria who were uprooted or simply looking for safety fled to nearby nations like Cameroon, Ghana, Niger, and Chad. The bulk of people moved to Nigeria’s southern region, where there are more job possibilities, a better economy, and greater security. This exacerbates the socioeconomic gap between the north and the south of Nigeria, where the south is more stable economically due to lower levels of conflict, government support, and the presence of the Niger Delta oil industry.

Economic catastrophe results from unresolved conflict, and this has been a major problem for the economy. Does that have a solution?

Why the new naira note?

The idea of printing fresh naira notes in order to fix Nigeria’s economic issues is comparable to a professional doctor coming up with a remedy for an aviation problem; such a remedy will certainly lead to the week’s worst plane disaster. Do you realize that regular output spurs economic expansion? How can the economy be in a safer mode if the people aren’t producing? Manufacturing creates wealth rather than consumption, which leaves the potential for inflation, unemployment, and criminality.’

“The political climate in Nigeria is seriously slowing down the country’s economic growth”.

In conclusion, a new naira note is not the answer to the economic collapse that has existed from the previous note to the next and now to the present note. Giving individuals money will never induce them to produce; they will always choose to consume. This historical issue is caused by a lack of manufacturing. Manufacturing draws in investors, which could lead to the creation of jobs in the country. Manufacturing, not printing fresh naira banknotes, is the only economic stimulant.

Say hi! Twitter LinkedIn

Nigeria’s Largest Companies and the Missing Future

1

In 1917, the largest publicly traded company in the United States was US Steel. Fifty years later, in 1967, the largest recorded was IBM. Over those fifty years, American leading companies had transmuted from building and construction infrastructures to digital infrastructure companies. Before those, food companies were dominant.  Today, the largest US publicly traded companies are knowledge companies like Apple, Google* and Microsoft. 

Simply, the US has moved from fundamental infrastructures  to creating wealth on numbers (yes, data).  I expect in 50 years for the leading companies to become dynamic data companies, firms built on AI, autonomous systems and other constructs , unbounded by pure human capabilities. 

In Nigeria today, we are at the phase of that 1917 and 1967. Food, building, construction and  digital infrastructure firms like MTN, Nestle and  Dangote Cement dominate our stock market. 

Looking deeper, the knowledge era has not arrived at scale in Nigeria. It will come, but it may take a few more decades looking at the unfolding paralysis, since the companies which will anchor that future are not even Nigerian even though they do everything in Nigeria. Yes, they are legally Delaware (USA) companies with most operations in Nigeria. That is Nigeria’s lost economic future, and will be more devastating than the impacts of dried crude oil wells. The nation must  solve that problem urgently.

All data from Nairametrics.

Nigeria’s top ten MVEs had a combined market valuation of N21.1 trillion or an equivalent of $47.5 billion assuming the official exchange rate of (N445/$1).

Among them are 5 stocks worth over one trillion which we term SWOOTs at Nairametrics.

Combined the SWOOTs are worth about N18.1 trillion or $40.7 billion or a whopping 70% of the total market cap of $58.3 billion.

The SWOOTs are Airtel, Dangote Cement, MTN Nigeria, BUA Cement, and BUA Foods.

Companies are often revered when they attain unicorn status, which means they are worth over $1 billion.

Based on our data and using the official exchange rate, all but one of the companies on our list are worth over one billion dollars.

Comment on Feed

Comment 1: Africa tried to compete by indigenous decrees, converting foreign companies into African companies. Sadly, it has never worked. Home grown, ability of leadership to look inwards can salvage the continent.

Comment 2: Nigeria has a lot of potentials as long as you are not seeing it from the spectrum of USA. They are different countries with different species of people, cultures and demands. One million usd in Nigeria can do a lot of magic but it is just a pittance in America. With a little tweak our economy will fly. I don’t think things are as bad as people paint. Look beneath the surface and you will see so many opportunities begging to be exploited. The richest guy in my village deals in wood.

This man has virtually bought the whole forest in the community and has a lot of saw mills. He even owns more than 15 filling stations and numerous trucks. How much does it cost to start a saw mill. 10 to 15 thousand usd can start one. I know people who are into sand dredging and they go inside the interior villages to buy their waterside for peanuts and sell the sand for insane profits. When I started my sand dredging business nobody thought I could do it because it’s dirty work. Everyday I wear my short and slippers and enter the jungle, when you see me on the road you won’t believe that I have seen 1m. That biz can comfortably give you 500 thousand naira daily if you have your own trucks. Next target is buy an excavator soon and buy a burrow pit.

Comment 3: Good analysis sir. It is very impactful and targeted. Research, training & development should attract dedicated funding, and societal reasoning should be conscientized towards this understanding.