DD
MM
YYYY

CATEGORIES

PAGES

DD
MM
YYYY

spot_img

CATEGORIES

PAGES

Home Blog Page 4673

Big Eyes Coin, Stellar, and Tezos: Promising Altcoins You Shouldn’t Miss

By
TI Partners
-
0

Top market players believe the crypto price crash that has affected many crypto assets is an opportunity to take advantage of. Some of the affected altcoins are billed for a recovery run some months from now, and the right entry could yield great returns.

While it’s not all crypto assets that will experience a price pump soon,  Stellar (XLM), Tezos (XTZ), and Big Eyes Coin (BIG) are the ones to watch out for. The altcoins have shown promising signs, and they could be rewarding purchases for crypto investors. We take a close look at each of these crypto assets below.

Stellar (XLM): Open-Source Network 

Stellar is an open-source network user leverage to complete secure transactions involving the transfer and exchange of fiat currencies across borders. The platform lets users send funds in one currency (fiat) while the receiver gets the funds in any other currency they desire. Stellar (XLM) processes the conversion of these currencies leveraging LUMEN (XLM), its native token.

Stellar’s custom consensus algorithm, Stellar consensus protocol, improves the protocol’s security, ensuring secure and seamless funds transfer. It is fast, low-cost, and scalable. The need for more global transactions in different currencies has helped Stellar (XLM) remain relevant to date, and it’s billed for a better performance than the current one in months from now.

Tezos (XTZ): Alternative Smart Contract Execution 

Tezos is a user-friendly blockchain platform that allows smart contract execution like Ethereum. The decentralized network aims to contribute immensely to web3 evolution, as the developers constantly upgrade and optimize it to meet the latest demands and trends.

Tezos smart contracts functionality has earned comparison with the Ethereum network, as the platform also provides support for dApp builders. The constantly-upgraded blockchain platform uses a DPoS (Delegated Proof-of-Stake) consensus algorithm, which helps keep the protocol secure and functional.

XTZ is the platform’s native currency, and it will power governance on the network. Holders will leverage XTZ to gain voting rights and contribute to decision-making on the platform. The crypto asset doesn’t boast much market prominence but had a great run in the previous year’s market. Crypto enthusiasts could relish adding the crypto asset to their portfolio if it eventually makes a good run. Tezos (XTZ) could make a good purchase, and you should consider it.

Big Eyes Coin (BIG): A Meme Coin With Utilities 

Big Eyes Coin is a new cryptocurrency launching on top exchanges soon. It is tipped to be a great store of value for investors as enthusiasts hope it will continue its impressive run after its launch. Big Eyes (BIG) has enjoyed huge buzz for quite a while now,  which has helped the DeFi meme coin’s presale performance. It’s having one of the most successful presales for a meme coin, and you may rue missing it.

The crypto project aims to provide fun, functionality, and financial benefits for users. It is community-focused and motivated to create an ecosystem of cat lovers to rival the dog-theme tokens that have saturated the meme space. Big Eyes blockchain ecosystem will be a space for growth, wealth-building, trading, networking, and charitable endeavors. Big Eyes has leveraged its features to attract more interest, improving its adoption and market reach.

The cat-theme token will also leverage its utility in DeFi to become more valuable and rewarding. Big Eyes will feature a marketplace for trading NFTs and Big Eyes (BIG) merchandise, a swap where users can exchange assets for reduced costs, and numerous reward mechanisms. The project’s token, BIG, powers most of the functions on the blockchain ecosystem, including rewards for participants. The crypto asset has a high possibility of being a profitable buy, and analysts advise that purchasing it on presale could be more profitable. We can also offer an exclusive code to use when purchasing in the presale – BIGPRIZE88 to gain extra bonuses and content!

 

Join the presale, or learn more about Big Eyes Coin:

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

The Faux Independence in Nigeria

By
Stanley Alieke
-
0

The fact that the federal executive council controls government agencies and parastatals makes one wonder if there is really any form of independence,  separation of power cum checks and balances in Nigeria in the Nigerian political structural set up. 

The Nigerian government due to this constant meddling into the affairs of agencies in their own “wisdom” thought that if they add the word “independent”, before the other words making up the name of the agency or parastatal then the agency will be independent from interference from the federal executive just as the name implies but a tiger cannot change its stripes.

That is how the word “Independent” found its way into names of some organizations like Independent National Electoral Commission (INEC), Independent Corrupt Practices Commission (ICPC), etc but can we really say that the word “independent” been  added to those organization have really made any difference by making them independent and free from government control and meddling into their affairs? The answer is no. 

The presidency has the power to appoint and not just appoint, he also has the power to fire the chairman of any of these organizations at any time as at whenever he pleases for any reason whatsoever. With that in mind, the chairmen or Director Generals of these agencies will definitely be loyal and subjected to the executive control. So did the addition of the word “independent” solve any problem yet?

Even in the Nigerian judiciary, every one keep shouting “independence of the judiciary” until it became a thing; so as to balance the equilibrium of separation of power and checks and balances, but the fact that it is the president who has the power to nominate/ appoint high judicial officers who are by every stretch of the common sense expected to be loyal to their appointer make the whole talk about independence silly and faux. 

The Nigerian Judiciary may as well add the word “independent”, to their name, since we are all living in the deception that the word “independent” is the proverbial tail that chase flies away. 

The act of the federal executive council trying to meddle into the affairs of every agency both in staffing, organizational structure and remuneration is worrisome. None of these agencies can be able to function optimally with this kind of set up.

For instance, The presidency fired the Director General of the National Youth Service Corp some days back for reasons best known to him, the next DG will definitely try to be cautious so as not to incur the wrath of the president to lead him/her getting fired as well; this whole setup makes mockery on the initial plan that these agencies are to be independent to function optimally.

BlockChain Payment Startup Lazerpay Forced to Downsize Workforce Following Economic Downturn

By
Ojukwu Emmanuel
-
0
TEHRAN, IRAN - JULY 19: (RUSSIA OUT) Russian President Vladimir Putin leaves his presidential plane during the welcoming ceremony at the airport, on July 19, 2022 in Tehran Iran. Russian President Putin and his Turkish counterpart Erdogan arrived in Iran for the summit. (Photo by Contributor/Getty Images)

Nigerian Blockchain payment startup Lazerpay has disclosed plans to trim its workforce due to the unfriendly economic period.

The company battled with a financial crisis earlier this year after a lead investor pulled out of the seed round due to market conditions and disagreement on terms, which affected the company’s ability to complete the seed round, as it also struggled financially.

This prompted the management team to forfeit their salaries, while other members of the workforce had their salaries slashed in a bid to keep the company afloat.

However, all these never yielded positive results as the firm was still trying to keep its head above water, which necessitated it to painfully part ways with some of its talented team members.

Commenting on this, the startup CEO Njoku Emmanuel said, “Earlier this year, we began raising our seed round and had interest from investors. Unfortunately, our proposed lead investor pulled out abruptly due to market conditions and disagreement on terms.

“This impacted our ability to complete this round. In a bid to extend our runway, our management team stopped taking a salary, and our employees graciously stayed on board with a pay cut over the past few months. 

“Despite these sacrifices, in addition to changing our fundraising strategy and making the needed adjustments in the operations of the business, we are still faced with a hard decision to downsize and part ways with some incredibly talented members of our team.

“This is unrelated to the FTX collapse. Lazerpay did not hold any assets in FTX and, consequently, is unaffected. Our customers’ funds are safe, and the company will keep processing payments as normal.We remain firm in our mission to enable businesses to go global.” 

Lazerpay, popularly known as Stripe for crypto, is a Nigerian crypto payment gateway startup that helps businesses accept crypto payments quickly and securely from anywhere in the world.

For online SMEs with limited tech infrastructure, the startup suite of solutions has enabled them to increase their access to the global market without additional infrastructure cost.

Founded in 2021, Lazerpay is backed by a selection of angel investors including 4DX Ventures, Nestcoin, Nuwa Capital, Voltron Capital, Musha Ventures, Paystack CEO Shola Akinlade, and Xend Finance CEO Ugochukwu Aronu.

Since launching in February, it has processed around US$1 million in transactions. 

Nigeria-based Foodtech Startup, Orda, Raises $3.4m in Seed Round

By
Samuel Nwite
-
0
TEHRAN, IRAN - JULY 19: (RUSSIA OUT) Russian President Vladimir Putin leaves his presidential plane during the welcoming ceremony at the airport, on July 19, 2022 in Tehran Iran. Russian President Putin and his Turkish counterpart Erdogan arrived in Iran for the summit. (Photo by Contributor/Getty Images)

Orda, a Nigerian food tech startup that provides digital operating systems for restaurants, has secured $3.4 million in seed funding co-led by emerging market investor Quona Capital and New York-based FinTech Collective.

The funding was backed by other investors that include existing ones such as LoftyInc Capital, Enza Capital and Norrsken Foundation, as well as new venture capital firms like Outside VC and Far Out Ventures.

The platform, co-founded two years ago by Guy Futi, Fikayo Akinwale, Mark Edomwande, Kunle Ogungbamila and Namir El-Khouri, serves small, independent restaurants – helping them to make a shift from their manual style of operation to faster and more efficient digital management.

With a $50 billion industry made up mostly of small restaurants – which form the largest part of Orda’s target market, the startup has a pool of potential clients that is accelerating its growth.

Orda’s tech-based services have recorded a tremendous increase in the number of restaurants embracing the platform for its reconciliation and inventory management. The rapid growth is believed to be part of the reasons investors are betting big on the startup. Orda has raised $4.5 million this year, including the $1.1 million it raised in January.

Orda said it plans to use the investment to onboard payments feature and also expand its network of restaurants across Africa, with Ivory Coast and South Africa being the next target.

The startup’s operating system offers digital features that allow businesses to handle parts of their business online. The system also offers other features that enable clients access to kitchen display systems, accounting software and integrations with food aggregators such as Bolt Food, Glovo Chowdeck.

“When a restaurant owner moves from pen and paper to a fully automated digital platform, it’s incredibly empowering. Suddenly they have insights available to them that can improve their productivity and margins, enabling them to grow their businesses. A solution like Orda can have an outsized impact on small and medium-sized restaurants and the livelihoods of those who operate them,” Kofoworola Agbaje, senior investment associate at Quona Capital, said.

Guy Futi, Orda’s chief executive officer, told TechCrunch in an interview that the company’s software-powered processes have inspired the tremendous adoption it is recording right now.

“We take an interesting approach to software and helping restaurant owners set up. Our software digitizes the process of those who write things in hand and helps them figure out their inventory management and recipe yields,” Futi said.

Futi added that Orda has reached product-market fit already with the number of vendors (600) it has recorded in Nigeria and Kenya, its two markets, since last year.

The chief executive told TechCrunch that there are “hundreds more” in the pipeline waiting to be onboarded, as Orda plans to serve more than 1,000 restaurants by the end of Q1 2023. The company’s increase has been notable in the number of orders it processes weekly for clients.

Futi said that Orda now processes over 50,000 orders weekly for its vendors, 5x what it recorded as of this January, with its gross merchandise value (GMV) increasing 30% month-on-month. He added that the startup is “seeing fast-paced growth in Nigeria and Kenya with a retention rate of above 95%.”

Orda offers vendors a flexible model with varying prices that Futi said has increased the company’s revenue growth by 30% month-on-month. The pricing model, per TechCrunch, allows restaurants to choose between three payment plans: N1,000 (~$1.54), N5,000 (~$7.69) and N20,000 (~$30.76) to access different parts of the software, ranging from order management and an omnichannel to integrations with food aggregators and delivery platforms and setup personnel.

Besides its digital process services for restaurants, Orda wants to add more features to accommodate its plan to expand financial products – building on an existing platform that Futi said it already processes payments for 10% of its vendors.

Russia to Implement New Digital Payment Systems For Cross-Border Transactions

By
Paul Ugbede Godwin
-
0

Russia’s President Vladimir Putin, shares the necessity for a new digital payment system for international settlements. The new payment system is said to be independent of third-party involvement and banks.

The details were revealed by local media outlets. As mentioned, the new digital payment system can be curated using distributed ledgers and digital currency technology.

Putin, shared the news while speaking at an artificial intelligence conference hosted by Sberbank. Gas prices have officially fallen below the levels they were at before Putin invaded Ukraine, falling 2.5 cents per gallon.

“International settlements” = central banks mostly trading currencies. It’s a trillion dollar market, Bitcoin and Ethereum blockchain can’t really handle this. Russia & Co could build a better blockchain, however. And if they all create digital currencies it could succeed theoretically. Currency only has value if anyone wants to use it and it can be traded for other currencies.

Putin, emphasized the Need For New International Payment System Based on Digital Currency Technologies, He however criticized the monopoly in global financial payment systems and dependence on big banks.

The President gave the nod to the hawala remittance system, which works in parallel to the banking system. He believes that digital currency and distributed ledger technology will make cross-border payments “much more convenient.”

Putin’s comments at a Sberbank AI conference are a victory for the pro-crypto Finance Ministry figures. It could also place Putin on a collision course with the Central Bank chief Elvira Nabiullina who opposes Crypto and almost resigned over the war.

German Gref, noted that the country’s- business tech community is providing an excellent example of self-organisation. An alliance of companies has been established in artificial intelligence, Ethical principles for the development and introduction of this technology have been drafted at its initiative. Over 120 participants have already joined this Code of Ethics.

Vladimir Putin: There, two years ago. I am pleased to note that this alliance is working. I will mention several times in my speech how well it is working. We took a very important step towards creating the right atmosphere. I consider you, my colleagues, reliable and effective partners of the state on technological development issues. I am confident it will be so in the future as well. Owing to our joint work, we are making rapid progress in all areas of the National Strategy for the Development of Artificial Intelligence, supporting education and science, introducing measures to support companies, and adjusting legal regulation. These efforts are producing practical, tangible results.

Vladimir Putin succinctly said; Businesses should not incur large costs in the process of introducing innovations. To avoid this, starting from January 1, 2023, businesses buying and deploying Russian-made solutions, including AI-enabled ones, can take advantage of tax incentives and direct additional funds to technological upgrades. For example, an amount 50 percent greater than the company actually spent on advanced Russian systems will be excluded from its income tax base.

1...4,6724,6734,674...7,984Page 4,673 of 7,984

© Tekedia. All rights reserved.

Term & Privacy

© Tekedia. All rights reserved.

Term & Privacy