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ApeCoin (APE) Price Stays Bearish as Crypto Bulls are Investing in Orbeon Protocol (ORBN)

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Barely a few months after the Apecoin’s launch, the hype and demand reduced, keeping the price lower as the token continued to sink. On the other hand, Orbeon (ORBN) has seen a massive rise in demand, with its first presale phase expected to sell out fast despite the general crypto market bearishness. Understandably, Orbeon Protocol’s innovative real-world use case has attracted crypto bulls as analysts speculate a 6000% price increase – from $0.004 to $0.24 – during its presale phase alone.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol – The Next Blue Chip Investment

Orbeon Protocol’s rise in popularity relates to the need for an easier and better financial system for both investors and budding businesses. Orbeon Protocol is a decentralized platform built to make crowdfunding and investment accessible to almost everyone globally. In addition, the platform has ingenious features that make it easier to invest in real-world companies and businesses right from the tip of your finger.

The way Orbeon Protocol works is pretty simple. Using NFTs and blockchain technology, interested investors can use the protocol’s NFT-as-a-service (NFTaas) to invest fractionally in vetted startups or businesses. This way, users can invest early in exciting new companies at a relatively affordable cost.

Security measures set in place by Orbeon Protocol for protecting investors and disrupting the landscape for crowdfunding are some of the most prominent and attractive features. For example, team tokens are locked for one year before being released quarterly, and liquidity is locked for 10 years to prevent rug pulls. The Fill or Kill mechanism was also created to protect investors from losing money; it refunds investors if a project doesn’t reach its target fund raise.

These and several other innovative features of Orbeon Protocol have boosted its mainstream adoption, with crypto bulls massively buying their shares of its presale. The token sold more than 60% of its tokens allocated for presale within a few days. Analysts have predicted that the ORBN token will see a 6000% rise from a $0.004 presale price to $0.24 soon.

The utility and importance of ORBN are enough to boost the token’s demand right from its presale phase. The token can be used for earning staking and governance rights in the platform. Holders will also enjoy exclusive opportunities, including discounts, cashback, unrivalled investment opportunities, along with access to Orbeon Protocol’s Winner Circle. There is also a long list of clear roadmap activities to improve the protocol and its economy.

>>BUY ORBEON TOKENS HERE<<

Apecoin (APE) Stays Bearish

Apecoin (APE) is the native, utility, and governance token of the APE ecosystem, a decentralized community that houses Yuga Lab’s cryptographic assets. The token was created to empower the development of its web3 world as well as all economic activities within the APE community. With Apecoin, holders can effectively participate in building a permissionless and decentralized web3 world by making crucial governance proposals.

Widely regarded as a token for culture, gaming, and commerce, APE holders can also gain access to all of the APE ecosystem’s exclusive web3 products, such as Otherside metaverse, games, special events, and other services. Apecoin garnered mainstream attention due to its use case in promoting the development of web3 and NFTs. In fact, the token saw a meteoric rise of 2800% from a launch price of $1 on March 16th.

However, the hype was only short-lived, and APE is currently about 90% down from previous all-time high price as it continues to trade in the $3 to $6 bearish price range. Analysts have forecasted that Apecoin’s price may continue its bearish downturn for the next few months.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

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

Telegram: https://t.me/OrbeonProtocol

Twitter: https://twitter.com/OrbeonProtocol

The Most Notable Provisions of The Code of Corporate Governance 2018, Nigeria

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Corporate Governance can be defined according to one opinion as the structure of rules, practices and processes used to direct and manage a company.

In Nigeria, Corporate Governance as a concept has since been recognized as exemplified by the Code of Corporate Governance 2018 which repealed and combined the different jurisdictions of :-

– The Code of Corporate Governance For the Telecommunications Industry 2018

– The Code of Corporate Governance For Banks and Discount Houses in Nigeria 2014

– The Code of Corporate Governance For Public Companies in Nigeria 2011

– The Code of Corporate Governance For The Insurance Industry in Nigeria 2009

– The Code of Corporate Governance For Licensed Pension Fund Operations 2008.

Implementation of the code is the responsibility of the Financial Reporting Council of Nigeria (FRC) and the code applies a principle-based approach to specifying the minimum Corporate Governance expectations placed on companies.

This article will be focused on the most important provisions of the code which are as follows :-

Company Secretaries :- Under the code, a company should not be a member of a company’s board of directors. The role of the company secretary remains to provide administrative, compliance and secretarial duties to the board and then the company.

Board Committees:- The code recommends the establishment of committees (to be made up preferably of Non-Executive Directors)for the purpose of risk management, nomination, governance and remuneration. 

Tenure/Term Length of Directors :- The code recommends that the tenure of Independent Directors not exceed 3 years and a period of 10 years for external audit firms.

Information Technology :- The code requires that the Information Technology Management structure of a company should be annually updated and incorporated in the company’s risk management policy.

Company Directors : The code now requires that a board of directors of a company should have a combination of Non-Executive Directors, Executive Directors, and Independent Directors, the size of a board being left to the directors in line with their sector-specific requirements where applicable.

Company Chairman Positions :- The code now requires that a company chairman should not be involved with the day-to-day operations of a company and his position should be separated from those of the Executive Directors of a company.

Under the code, chairmen are not to transition to the position of a Managing Director without a 3-year break.

Independent Director Appointment Criteria :- To ensure true independence of judgment and fitness of character in a company’s selection of independent directors, the code states that independent directors to be appointed must –

a). Have shareholdings of not more than 0.01% of the paid-up capital of the company they are appointed to.

b). Have never been employed staff they are to be appointed to in the preceding last 5 years.

c). Have never had any business relationship with the company in the last preceding 5 years.

d). Have never had a family relative who has worked with the company in the capacity of a director, senior employee, vendor or substantial shareholder or senior staff of the company.

Internal Control :- Under the code, Internal control policies of a company should be structured to avoid or reduce the risk of discrepancies in  the company’s financial statements.

Performance Evaluation :- The  code provides for the requirement of annual evaluations of the performances of the board, board committees if a company and evaluation implementations.

Protection of the rights of Shareholders/Shareholder Engagement :- The code requires that shareholders of all categories must be treated fairly especially in relation to minority shareholder rights as well as the need for healthy relationships between shareholders and the boards of companies.

Risk Management/Whistle-Blowing :- The code requires the need for companies to have a clear Risk Management Framework & a clear policy plan for safeguarding the invested interests of shareholders.

Sustainability and Communication :- This is required by the code to be practiced by companies through the development by companies of clear policies for Environmental, Social & Governance (ESG) responsibilities.

Business Conduct & Ethical Culture:- This is a principle espoused by the code on the need for companies to develop models for compliance with sector and company-specific business ethical rules from the entry to top-management levels of a company.

Is Sonm Token a Pump or Dumb Coin on Binance

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The price of SONM ($SNM) has increased by 5261% from $0.2035 to $13.91 in the past 24 hours and 14000% ($0.0008) in two days. $SNM token is an internal currency on the Sonm computing power marketplace. SONM launched its Initial Coin Offering (ICO) on June 15, 2017. The ICO raised a total of $42 million and minted a total of 331,360,000 $SNM with ICO Price tagged at $0.1268 per Token. Holding the $SNM token you can get access to the unlimited resources provided by Sonm.

The Sonm team has control over maximum Circulation Supply and they just keep pouring dollars into it, which indirectly goes back to them. And when some retail investors start investing their money the price might eventually increase or decrease. The total supply of SNM tokens will be switched from 444 million to 44.4 million and the issuance of SNM BEP-20 tokens during the course of the project.

Top 20 holders of $SNM.

The top 20 holders hold a total of 43M $SNM ($351M), accounting for nearly 97% of the total supply. Among them, Binance holds 31.7M $SNM ($258M), accounting for 71.4% of the total supply. Is the pump and dump season back on Binance? Because frankly, there is no reason for the ??$SNM?? currency to rise insanely with no clear utility Instituted – more like an Insider trading metrics which presumably 90% of the liquidity is owned by 20 portfolios.

Next, we will analyze the SNM ERC-20 token data on-chain and share some who made SmartMoney degening on $SNM over the weekend. $SNM is mainly listed on Binance with entire supply in circulation. One wallet holds 79% of the total supply which look like team/treasury wallet as received coins from minting only, while three Binance wallets hold 19% of the supply.

SmartMoney
0x25edc9107a2f643e289d7102b97e53c9cb7900f0: Bought 102,244 $SNM ($11,627) at an average price of $0.1137 from Binance this year. Then successively transferred $SNM to Binance for sale after the price rose. If he sold $SNM at $7, he will make $700K.

0xd3e0edbb859fea5f56e9814bd1c2ecac93b37718: bought 55,543 $SNM for ($11,307 at that time) at $0.2036 on Oct 19, 2022. According to the current price, he can get a profit of 368K, and ROI is 3300%.

SNM ICO Participant: 0x00b35e49de29b61fa3b0ad8d8be308543db8952 spent 1,000 $ETH ($344,680 at that time) to participate in SNM ICO in 2017 and got 3M old $SNM. He provided liquidity on Uniswap and now holds 445,830 $SNM ($3.14M), worth 2,620 $ETH, he’s ROI is 262%.

How did $SNM pull over 14000% Yield in Two Days ?

Information is indeed the new money in the Crypto World, a lot of people don’t get the right information because of the noise everywhere and the little people who have access to vital information hoards it. Longterm, a TA expert tweeted. However, lets say there are 1,000,000 oranges in total. You hold 999,999 of them. You buy the last one for 10,000 USD. The price shows 10,000 USD per Orange [even though it’s not a real price with liquidity at that price point] Of course this is a simplified example to prove a point more clearly.

SNM Coins which have Circulated Supply vs. Total Supply ratio one or close to one will be pumped because they have been accumulated 3 years back and no serious retail buyers remained at their current price. They will hold prices at higher levels for a while and will sell step by step. SNM token was listed on Binance in 2017 when the listing process was much easier than nowadays. The project is made by Russians who got $42M from ICO and immediately stopped developing it.

SNM price is almost dead from its ATH of $13 within the last 24hrs. They tweet some unrelated shit just to make an illusion of an “alive” project IMO the team or the project just decided to find exit liquidity through pumping their shit coin to the moon, and it seems like their plan worked well. $SNM price went up to $13 over the last 24 hrs and currently trading around $1.3, this reeks of a manipulated effort. $SNM has grown widely over the weekend, Binance closed the SNM/BUSD isolated margin trading pair, and did not allow currency of the margin account to be transferred to spot account which is somewhat manipulative.

SONM, social volume is way up but engagement can’t remotely keep up, meaning a ton of empty posts from non-influential accounts. The founder of SonmDevelopment asked on 2ch (a forum for Russians similar to 4chan) what he should do with millions of dollars that he got from $SNM ICO. If you bought $SNM at $13 after it did 5000%, I’m sorry to say but then you deserve to lose money for trading along FOMO.

I’m glad SNM is not yet listed on Binance Leverage, if not lots of people would have been liquidated trying to short $SNM, -7000% within 24hrs in a bear market is unbelievable right? the Crypto market is highly Volatile. More coins will pull 100x, Whales are still in the market. Be careful not to FOMO on tops- Buy Early, Sell Top = SmartMoney.

Financial World War III

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Inflation is a nightmare scenario for many countries since the financial game of justice is currently locked in the entire globe and still seeking to increase. Is there a war on money? I’m still looking into the cause and origin of the current financial globalization catastrophe. In the opinion of many players, the game is open but not actually open.

I believe that when something is widely accepted, it becomes a free market for everyone. Could it be that the dominant banking system rejected a certain system? We are all aware of the topic of the rising European gas prices and gas hikes in several European countries. The global financial war affects all nations, including those in Asia, America, Europe, Africa, and Australia. Inflation may have a number of factors, including increasing aggregate demand, rising salaries, and growth in the money supply, according to economists. The U.S. and global inflation rates in 2022 reached their greatest levels since the early 1980s.

This article is based on the ongoing financial conflict, not a statistical analysis of the situation. All economic theories and regulations will result in an unresolved economic crisis, thus if all economists came together to brainstorm solutions to the world’s financial issues, I doubt there would be any areas of agreement among them.

We all learn to contribute to the human race, which will greatly enhance the world economy and increase the number of individuals who have the opportunity to find employment. But the world system sectors have worth now and in the future, and a sizable population is creating and adding enormous value to the financial system. Why is inflation a global issue on foreign TV channels when all of these are present in the system?

What is Inflation? What is an easy way to define inflation?
The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation’s cost of living. However, the current state of the global market, including the definition of inflation and media coverage of the market, indicates that the previous financial is at risk. Win, lose or draw.

Could the bitcoin community be to blame for the problems with the world’s finances?

Alcoholic beverage companies never utilize inebriated people in their advertisements; instead, they always feature individuals of integrity. Because people are embarrassed to use inebriates, the product is not worth the money. These examples are important to discuss. In the global market system, both Bitcoin and the cryptocurrency community are genuine. Some economists believe that the cryptocurrency community is the biggest financial issue driving or contributing to global inflation. Okay, let’s face it: The cryptocurrency community is not the problem with the world market; rather, the so-called centralized exchange is what is fueling financial inflation in that industry. How?, Do you believe that phony bitcoin is sold on centralized exchanges? Another global financial issue that no one has ever examined is this one. I believe the price of bitcoin would have reached $200,000 by now if the centralized functioning exchanges had accepted native bitcoin.

Could the 2022 invasion of Ukraine by Russia be related to the global financial crisis?


European CFO Survey — Spring 2022 According to CFOs, the greatest danger to their companies since the survey’s inception in 2015 is the war in Ukraine and its effects on a European economy already dealing with high inflation and supply issues.

In-depth summary

The invasion of Ukraine has dealt a harsh jolt to corporate mood, which had been rebounding as lockdown measures from the COVID-19 outbreak were lifted, according to the Deloitte European Chief Financial Officers Survey. A record amount of risk, brought on by geopolitics and inflation, is now being reported by CFOs. The data was gathered two weeks after Russia invaded Ukraine, which would have made CFOs’ expressed anxiety more apparent. Energy prices in Europe are significantly impacted by this invasion. War is a sibling of inflation, and we already know that inflation stunts economic expansion. Some have argued that the global rise of inflation means that many countries — including the U.S. — overstimulated their economies and generated excess aggregate demand. These demonstrate that the Russian invasion of Ukraine is to blame for the current rate of inflation in Europe.

Why do businesses in the information and technology sectors dismiss their staff members?

Global development as a whole, as opposed to the modern development we see, is still evolving. Employees are being laid off by businesses right now. What may be the problem? Is it based on new technologies or the status of the financial industry today? It’s likely that the layoffs at these major firms were caused by new technology. The point I’m making is by no means not referring to Twitter. Facebook is currently laying off about 12,000 workers. Then, thousands more workers, including those at Amazon and Twitter, are let go. We take our time repairing this inflated chamber. As big problems for Big Tech companies such as global headwinds and declining ad expenditures arise, Meta Platforms is implementing “hidden layoffs” at Facebook to shrink its workforce.

The parent firm of Facebook reportedly intends to fire more than 12000 ineffective workers from all teams. characteristics of rapid market inflation.

In conclusion, the problem of inflation is just too big to be solved, but one wonderful strategy to combat it is to simply use the past and subsequent solutions to the current issue. Let love reign supreme between Russians and Ukrainians.

Three Africans who profoundly influenced the development narrative for 9ja Cosmos without trying.

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I started today to think about the evolutionary path of 9ja Cosmos.

We have travelled very far, in respect of having two solid products in the marketplace, the Web 3 domains, .9jacom and .9javerse, and we made history as the first to bring a Country internet domain for Web 3, doing it for Nigeria.

This will be something Nigeria can be proud of forever.

However, our ambitions, our meaning, and our intentions go far beyond Nigeria, or for that matter, even Africa.

We reflect on the thought processes that brought us to this point.

We have to recognise three people foremost. Not for having a vision especially for us, but for pushing out ideas that can positively colonise the thinking of others.

Who are they?

Top Left: Austin Okere. :

Who? Early educational life in Ghana, of East Nigeria (Igbo) extraction. Further education in Lagos.

Known for? Founding CWG Nigeria (Computer Warehouse Group), many board positions and philanthropic activities in later life. CWG made ground-breaking impact in its sector.

Why?  Austin regularly produces great videos on business lessons for entrepreneurs, and they are worth checking out. One that particularly impressed me was  a you tube on not selling your seed early, because VC’s will demand control of your future, and you might make an ok living, but you won’t realize the dreams of your idea.

Middle Right: Brian Munyao Longwe

Who? Huge track record of both senior salaried leadership and entrepreneurial activities across various countries in East and East Central Africa.

Known for? Spear-heading internet availability, particularly in remote locations. More recently spear-heading internet availability in Malawi, though his company Converged Technology Networks.

Why? Story about earlier on in his career. Each of the partners had to chose a balance of salary and equity as a hybrid means of payment for work contributed. He chose the balance slanted towards salary and regretted it later, as the company became  worth billions.

He also made a profound statement – ‘It’s good to see more people looking unconventional ways of funding small business in Africa’

Bottom Left : (Prof) Ndubuisi Ekekwe

Who? Not really an easy way to follow the other gents format when it comes to Ndubuisi Ekekwe because that could just end up being a book all on its own. Ndubuisi Ekekwe is equally as active across his native Eastern Nigeria as he is across the US.

Known for? Endless academic writings and achievements;  his Tekedia Institute with various affordable online tech focused, Africa centric programs – soon to spawn Tekedia Atlantic Univerisity; his special VC program targeting African Start-ups –  Tekedia Capital, and his company Fasmicro, under which have come the incubation of many inventions, patents and techproducts.

Why? Well… the catch 22 situation with ‘Prof’ content is that the truly remarkable gets churned out with such robotic precision and at such pace,  that each individual piece starts to become unremarkable amongst a constant wave of profound remarkability. Prof is in the US, because if he was in Lagos, they would need a new datacentre. Yes, 21CTL MDXi, Medallion, and Rackcentre would all overflow with Prof content!

The most impactful message aspect for 9jaCosmos would be his take on Aggregation Strategies, Scaling, and the compound multiplication effects of best fit elements in proprietary business ecosystems.

 

Where this has all led:

9ja Cosmos is trying to fuse all of these lessons and walk a sensible path.

Pantera Capital gave our peer,  Unstoppable Domains $68 million for less than half a % of the business at a time when they only had 5 TLDs as income generating assets with a very narrow blockchain/nft/crypto focus.

At 9ja Cosmos, we are learning from these eminent leaders to think about how we do things differently

So, instead of running after VCs, we are thinking to offer 10% of the business split equally between 20 people, who will commit to pushing the program.

We are ideally looking for unique skillset (such as special coding skills) or access to unique resources so that they can make things happen without asking 9ja Cosmos for ‘fees’ (for example, achieving company registration, and securing intellectual property for us).

If  VCs involved too early, they expect too big a chunk of the equity. This strategy ensures when VCs come looking later, they will have to pay more and get less. We are not VC engagement experts, but we watch Dragons Den!

Next, we will talk more about enduring value strategy, aggregation and scaling!

 

9ja Cosmos is here… Get your .9jacom and .9javerse Web 3 domains  for $2 at:

https://www.encirca.com/handshake-9jacom/

https://www.encirca.com/handshake-9javerse/