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Why Okx CEX Users are Flocking to Toon Finance Protocol

By
TI Partners
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0

What is the Okx CEX and how does it work

CEX stands for Crypto-Exchange and is a platform where you can buy, sell, or trade cryptocurrencies. The Okx CEX is a centralized exchange and like most centralized exchanges they are subject to the same hacking risks. Not like DEXs that offer greater transparency and privacy, as well as lower fees.

Something to remember with how CEXs work in general is that you are giving away your money to the centralized exchange in the hope that they will be nice and take care of it. If that sounds stupid to you then that’s probably because to a certain degree, it is.

Centralized exchanges are a lot like banks, but unlike banks, they don’t have any government backing.

Why are users flocking to the Toon Finance Protocol

There are a number of reasons why users are flocking to the Toon Finance Protocol. One of the main reasons is that it addresses a vulnerability inherent to CEX. Toon Finance is an “extremely DeFi” project that aims to do many things, but most of all, bring crypto back to its roots.

The pre-sale has already flown past stage 1 and collected around $2.5 million. This cements Toon Finance as one of the most popular and successful ICOs in recent time.

OKx doesn’t really stand out against other CEXs which is why users from OKx flocking to Toon Finance aren’t that surprised. That being said, while it doesn’t stand out, it’s nowhere near mediocre either.

Okx manages to go toe-to-toe with Binance and other exchanges whether CEX or DEX by keeping up with trends and offering a solid service. Though it does not change that fact that OKx can take away users’ crypto anytime they want.

Another reason why users are drawn to Toon Finance is that it offers a decentralized exchange (DEX). This is important because crypto is supposed to be decentralized. However, many exchanges are centralized, which means that they are controlled by a single entity. This can be problematic because it makes exchanges vulnerable to colossal rug pulls and outright theft, as we saw with FTX recently. A DEX is less likely to fail because it is not centrally controlled.

Toon Finance has gained popularity very quickly due to these and other factors. It will be interesting to see how the protocol develops in the future.

How will this impact the overall economy

With fewer people using centralized exchanges, there will likely be less trading activity and trading volume overall. This could have a negative impact on the economy as a whole in the short run, as fewer people will be buying and selling cryptocurrency. However, more people using decentralized exchanges could actually have a positive impact on the economy.

As protocols catch up with centralized exchanges in terms of features and convenience, people will increasingly prioritize safety when it comes to their crypto holdings. This could lead to more people investing in cryptocurrency, as they feel more confident that their funds are safe.

In the long run, decentralized exchanges will become more secure and convenient than centralized ones, leading to even more people abandoning CEXs in favor of DEXs.

What are some of the benefits of using the Toon Finance Protocol

Toon Finance is a DeFi Protocol built on Ethereum that has Toon Swap, a DEX for trading multiple cryptocurrency pairs. Toon Finance also has multiple products that encourage economical movement within the Toon Swap ecosystem while remaining secure as it will not hold your crypto.

More important than the product is the advocacy, Toon Finance is extreme DeFi and wishes to become an institution that can’t be centralized and fights against centralization as centralization, while having its place, simply does not belong in crypto for the most part.

Toon Finance is still in its ICO which means this is the best time to invest. Toon Finance Tokens or TFTs have a very high valuation right off the bat and the fact that it has reached stage 2 of its pre-sale and gathered $2 to $3 million cements its potential.

Additionally, Toon Finance offers staking and yield farming rewards for TFT holders. This means that holders can earn tokens simply by holding TFTs or providing Liquidity to any pool on Toon Swap.

How can investors take advantage of this new protocol

Toon Swap is a new project that is gaining a lot of attention in the investing world. The project is still in its pre-sale phase, which means that now is the time for investors to get involved. Joining the project while it’s in pre-sale will guarantee the best rates before it launches.

Being early always means that holders get rewarded the most since the tokens are relatively dirt cheap while having a lot of potential to grow.

Toon Swap offers coin tossing and other games that people won’t have to learn for betting. Buying in now means supporting the project early and getting rewarded the most down the line. The potential for growth is high, now is the time to invest in Toon Swap!

Conclusion

If you’re looking for a new DEX project you can get early on, the Toon Finance Protocol is definitely worth checking out. With so many benefits and such a friendly community over on Telegram, it’s no wonder that people are flocking to this new protocol.

Investors should definitely take advantage of this opportunity while it’s still fresh. DEX projects don’t just pop up like mushrooms after a rainy day.

OKx is a centralized exchange where while it’s not special relative to others, it’s still solid and reliable. Unfortunately OKx being solid and reliable rely too much on the whims of a small group of people that might be ready to run with your money or gamble it on their personal projects.

Dex is clearly the only future for crypto. While CEXs are convenient, decentralization is the whole point of crypto and why Bitcoin was made in the first place.

For more information about the Toon Finance Protocol, be sure to visit their website at toon.finance.

 

Website: https://toon.finance/

Presale: https://buy.toon.finance/

Twitter: https://twitter.com/ToonSwapFinance

Telegram: https://t.me/ToonSwapFinance

CoinMarketCap: https://coinmarketcap.com/currencies/toon-finance/

Top 3 Hottest NFT Mints for November 2022 Blackfriday Cryptocurrency

By
TI Partners
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0

What are NFTs and How Do They Work?

You may have heard about a new craze sweeping the internet called NFTs. But what are they, and how do they work? Below, we’ll take a look at what NFTs are, how they work, and some of the potential implications of this new technology, and later on to the blog, we’ll take a look at the top 3 NFTs to mint this coming Holidays.

NFTs, or non-fungible tokens, are a type of cryptocurrency that represents a unique asset. Unlike fungible tokens like Bitcoin or Ethereum, which can be divided into smaller units or exchanged for other assets, NFTs cannot be divided or exchanged. Each NFT is a one-of-a-kind asset with its own blockchain-based record of ownership.

NFTs have been used to represent everything from digital art to in-game items to tweets. The possibilities are endless! Because NFTs are stored on the blockchain, they can be bought, sold, or traded like any other cryptocurrency. However, because each NFT is unique, their value can vary widely.

What Makes an NFT Valuable?

So, what makes an NFT valuable? There are a few factors that contribute to an NFT’s value

Scarcity: The scarcer an NFT is, the more valuable it will be. For example, an NFT that represents a digital painting by a famous artist is going to be more valuable than an NFT that represents a digital painting by an unknown artist because there are fewer of the former and more of the latter.

Utility: An NFT that has utility is also going to be more valuable than one that doesn’t. For example, an in-game item that gives you an advantage over other players is going to be more valuable than an in-game item that doesn’t do anything.

Desirability: An NFT that is desirable for some reason is also going to be more valuable than one that isn’t. For example, an NFT that represents a tweet by a celebrity is going to be more valuable than an NFT that represents a tweet by someone who isn’t famous because the former is more desirable to people.

These are just a few of the factors that contribute to an NFT’s value. Because each NFT is unique, the value of each one can vary widely depending on these and other factors.

  • Implications of NFTs

The implications of NTFs are still largely unknown because this technology is so new. However, there are a few potential implications that we can foresee:

Increased access to rare and valuable assets: Before the advent of NFTs, only wealthy investors had access to rare and valuable assets like art or collectibles due to the high cost of entry. However, with NFTs, anyone can own a piece of digital art or an in-game item for a fraction of the cost of the physical equivalent because there is no need to produce or ship physical copies of these items. This could democratize access to rare and valuable assets and give everyone a chance to own something truly unique.

The rise of digital collectibles: With traditional collectibles like stamps or coins, there can only ever be one physical copy in existence (unless it’s counterfeit). With digital collectibles represented by NTFs, there can be an infinite number of copies created but each one would still be unique due its blockchain-based ownership record. This could lead to the rise of digital collectibles as people begin collecting truly unique items that can’t be replicated or counterfeited.

The death of physical art: Physical art requires expensive materials and skilled labor to create whereas digital art can be created relatively easily and cheaply with the right software tools. As such, we could see physical art becoming increasingly replaced by digital art represented by NFTS as time goes on since NFTS offer all the benefits of physical art (i.e., uniqueness and desirability) without any of the drawbacks (i. e., high cost).

NTF’s are a new technology with many potential implications both good and bad depending on your perspective. While their long-term effects remain largely unknown, we can speculate about some potential outcomes including increased access to rare assets, the rise if digital collectibles, and even the death if physical arts. Whatever happens, it’s sure to be interesting!

So now that we are done with the introduction, we can move on to the juicy part!

It’s no secret that the world of NFTs is heating up. With the recent explosion in popularity of non-fungible tokens, there are more and more mints springing up to meet the demand. But with so many options out there, it can be tough to know which mint is right for you. That’s why we’ve put together a list of the top 3 hottest NFT mints for December. Whether you’re looking to invest in the latest and greatest or simply want to find a mint that fits your needs, this list has you covered.

BAYC

With a focus on providing investors with high-quality, hand-crafted NFTs, BAYC is one of the hottest mints around. Their team of experienced artists and developers create unique NFTs that are sure to stand out from the crowd. And with a wide variety of themes to choose from, there’s an NFT for everyone at BAYC.

Doodles

Doodles is a relatively new mint, but they’re already making waves in the NFT community. Their innovative approach to design and user experience has made them a favorite among collectors and investors alike. And with a wide range of designs to choose from, there’s sure to be an NFT that catches your eye at Doodles.

Toon Finance

Toon Finance is quickly becoming one of the most popular mints due to their focus on delivering high-quality, well-designed NFTs. Their team of experienced artists and developers create beautiful NFTs that are perfect for both collectors and investors. And with a wide variety of designs and themes to choose from, there’s sure to be an NFT that you’ll love at Toon Finance.

We should also mention that Toon Finance is an NFT platform with a robust roadmap and a huge community. The Toon Finance team is committed to building the best NFT experience for users and creators. The Toon Finance roadmap includes plans to launch a decentralized exchange, a marketplace, and a wallet. The Toon Finance team is also working on ways to integrate with popular games and applications. In addition to the Toon Finance roadmap, the Toon Finance community is also working on a variety of projects to improve the platform. The Toon Finance community is made up of experienced developers, designers, and marketers who are dedicated to making the Toon Finance experience the best it can be. If you’re looking for an NFT platform with a bright future, be sure to check out Toon Finance!

In conclusion, NFTs are quickly becoming one of the hottest investments around. And with so many mints springing up to meet the demand, it can be tough to know which one is right for you. That’s why we’ve put together a list of the top 3 hottest NFT mints for December. Whether you’re looking to invest in the latest and greatest or simply want to find a mint that fits your needs, this list has you covered. So, what are you waiting for? Start browsing today!

 

Website: https://toon.finance/
Presale: https://buy.toon.finance/
Twitter: https://twitter.com/ToonSwapFinance
Telegram: https://t.me/ToonSwapFinance
CoinMarketCap: https://coinmarketcap.com/currencies/toon-finance/

Cristiano Ronaldo Must Prepare on How To Score in His Next Sport, Post Football

By
Ndubuisi Ekekwe
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1

Redemption is hard in team sports when an anchor goes on air to complain about the team, team mates, coaches and owners. Simply, we are witnessing the exit of Cristiano Ronaldo from top club competitions. After the World Cup, CR will have limited options since he will not like to play for bottom of the table clubs.

Of course, that is not a bad thing: he has won anything winnable in club football, and he has served the game. What remains now is for him to have a durable after-shelf life, in the business of football. That means as a G.O.A.T, he can score to the banks through strategic partnerships, endorsements, academies and more.

If I stand before him now, I will tell him this: scoring by kicking the ball is just about done for you, what you have to focus on now is making sure you can join teams to score in markets and businesses.

The recent interview he gave Piers Morgan diminishes his resume. Tiger Woods has largely stopped golfing but the business of golf has not left him. Jordan remains a rainmaker, years after he stopped dribbling and dunking baskets. Indeed, CR cannot afford to make business partners guessing by giving that type of low-level interviews.

In the Igbo Nation, Diochi, the village palm wine tapper, will remind you that only a fool tells everything he sees on top of the palm tree. And the village respects that because on that palm tree, he sees everything (people bathing in the village stream, women delivering babies on roads to farms, etc). So, CR should grow up! The next sport is not football for him – and he has to prepare for that.

Comment on LinkedIn Feed

Comment 1: I disagree with you on this Prof. Of course I disagree with this interview. I think it’s childish and self-centered, but I think CR7 will still do big things in the game. The problem is that Man U is not in a good position to claim that he’s wrong on some things that he said.
CR7 is a brand that is bigger than many clubs at the moment and the man still has the ability to score goals at the highest level. We will see what happens in January but I think he’ll play for another big team before he leaves the big scene. Also, soccer is not an American sport where all the teams can conspire to blacklist a player. Soccer is a global game of emotions and the moment he scores some game winning goals, people will forget this ever happened.

Comment to 1: I doubt that will happen. CR7 hasn’t been the poster boy for great work ethic coupled with a glowing personality, however his elite performances have always covered up his inadequacies off the ball.
Let’s not forget that Man United, despite their recent struggles, have produced and managed big personalities before. I don’t see any elite team in Europe taking in CR with all this drama and ego he’s hauling around.
He’s such a fine player no doubt, but I think he has pulled the plug on his career.

My Response: By CR standard, not winning CL or league is a waste of time. He can still play football, but I am not sure there are many teams he can play to win a top league or CL. He can join Enyimba or Celtics, etc. He can still score many goals. But I am not sure that is really what moves him, from the interview. The Chinese have promised truck loads of money in the past; he refused. CR wants to win the England/Italy/Spain/Germany league or CL.

 

The G.O.A.T. and The Next Chapter of Cristiano Ronaldo

Flutterewave Launches $end Mobile App, Enables Africans in Diaspora to Swiftly Send Funds Back Home

By
Ojukwu Emmanuel
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0
CEO of Flutterwave

Nigerian fintech company flutterwave has launched the $end mobile app to enable Africans in the diaspora to send money back home safely and faster.

The new app which is available on iOS and Android was launched to support the existing $end web app to enhance customer experience, through improved speed and transparency to ensure that funds get to its recipients without any hassle.

The fintech giant during the launch of the $end app, announced Nigeria’s Queen of track Tobi Amusan as the brand ambassador, noting that the $end team’s mantra has been “Sprint like Tobi, Speed in $end”.

Speaking on the Flutterwave’s decision on choosing Tobi Amusan as $end’s brand ambassador, the firm wrote on its website,

“Tobi Amusan recently became a household name and an inspiration to African athletes after winning the gold medal in the 100m hurdles at the 2022 World Athletics Championships.

“Tobi is the current African, commonwealth, and world champion in the 100m hurdles. $end and Tobi share a number of similarities; speed, power, endurance, flexibility, and adaptability.

“While speed is undeniably the most important factor, both $end and Tobi must be able to jump over obstacles with minimum disruption to motion. 

“This is why we’re so excited to be working alongside Tobi Amusan, who shares our views and perspectives on what is required to achieve success. This makes it all more thrilling for $end to join forces with one of the most resilient athletes of all time.”

Also commenting on being made $end’s brand ambassador, 100m Hurdles World Record Holder Tobi Amusan said, “I am excited to be a big part of a product I already use and love. I am always on the road, but I also have a lot of my family members in Nigeria.

“$end has helped me to keep in touch with them by meeting their needs as much as I can. Happy to be the face of this product for the African diaspora.”

Flutterwave also introduced Apple Pay, a mobile payment service by Apple Inc. in the US and Europe, which is a key feature on the $end app, as a payment method for all users.

Flutterwave joins the likes of other African fintechs such as Lemonade Finance, Kyshi, Africhange, Wrap up, etc that are enabling cross-border transactions.

Here is how users can send money using the $end App

  1. Sign up with Send (Android or iOS) (Add email address/ phone number and create a password). If you already have the Send Mobile App installed on your phone,
  2. Log into your Send Mobile App
  3. Click the “Send Now” button
  4. Enter your money transfer details, i.e. amount, sending currency/country, and receiving currency/country.
  5. Review the transaction 
  6. Click Send Money, and Voila! Money is delivered in minutes.

FTX and Alameda’s Liquidation Plummeting Bitcoin Bull Run

By
Paul Ugbede Godwin
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0

Bitcoin Bull Markets are built on FOMO [fear of missing out]. To FOMO into an uptrend, you need to feel you are missing out and strong bearish convictions will make you miss out. Rekt Capital says, Bitcoin bear market bottoms take months to settle.

To illustrate their point about bear market bottoms, Capitulation and Consolidation. Rekt Capital, Shared a long-term Bitcoin chart they first shared back in June. According to the Three Macro Triangles, BTC is now in the Downtrend Acceleration phase in an effort to form a generational bottom.

Bitcoin, is currently trading for $16,663/BTC with a Market Capitalization of $320B at press time, up 5.7% on the week’s trading chart but down 76% from its all-time high of $69,045 reached on November 10, 2021.

BITCOIN FEAR AND GREED

Four years ago, in November of the previous BTC cycle, the price of Bitcoin lost more than 50% in the space of one month, from 12 November to 10 December 2018. The current collapse seems in some ways reminiscent of that of four years ago, except that it is significantly smaller, because the percentage loss is practically half. Moreover, during both previous cycles, the minimum price touched during the post-bubble bear market was 85% lower than the previous all-time high. Should such an eventuality also occur during the current cycle, the minimum price could be $11,500, a level much lower than the $15,500 touched this November.

Therefore, the comparison with past cycles for now seems to indicate that the price of Bitcoin is holding up better this time than in the past. However, it is worth mentioning that in November 2018, the collapse was due to a massive sale of Bitcoin on retail market that caused its value to plummet, while this time, such a massive sale has not occurred. In other words, what caused the collapse is the fear of the collapse of some of the most important infrastructures of the Crypto markets, not the fear that Bitcoin might have problems per se. Therefore, unless the value of the fear and greed index falls further in the coming days, less fear than that which caused collapses greater than the one currently underway in the past seems to be warranted.

According to former Bitcoin.com, and current CEO of blockchain development house Laguna Labs, Stefan Rust, the current collapse of Crypto Markets may finally see ETH’s market capitalization overtake that of BTC.

Rust said:

“Bitcoin seems to be declining faster than Ethereum’s ETH. The latter seems to be holding, and most likely the reason behind that is the fact that ETH is finally fully deflationary. It is burning more than it is a minting. At the same time, ETH transaction volume has grown over yesterday, and the transaction fees are pretty high right now.

Does this mean we are likely to see the first flippening? As we max out the bottom and turn around into a recovery, Ethereum – which is now deflationary – has huge transaction, volume, and developer engagement. And this is across a number of applications and different Protocols. As such, yes: this current Crypto shakeout could finally prompt the fabled flipping when the market capitalization of Ethereum takes over that of Bitcoin. It’s an exciting time.”

Wall Street Institutions and Centralized Exchanges are selling people paper Bitcoin, You give them money, they say you own bitcoin, but presumably you don’t. FTX/Alameda Research fiasco alone increased the new supply of Bitcoin by 25% this year by selling people fake paper. Now think of all the other shady brokers doing the same thing. Paper Bitcoincreated by rehypothecation and outright fraud as in the case of fraudulent exchanges like FTX kept Bitcoin price down. FTX alone created 80.000 paper BTC, about 25% of yearly production.

Croesus posted on Twitter, BTC bought by FTX Users goes into Alameda’s hot wallets through a backend script. Alameda sells BTCs in exchange for Alt-coins – Net effect: People who bought BTC on FTX actually had their money used to bid up alt-coins. SBF made it known that one of his goals were to push Crypto through Government regulations. I find it ironic that he may hit that goal unintentionally because of the magnitude of the fraud he orchestrated and the downright mess he has left behind for the Cryptocurrency Industry.

This FTX cascade, is a huge pain for FTX users but an important lesson for all parties, like Regulators, Service providers and Crypto users. This black swan event is supporting the bottoming process of this bear market. Bitcoin and Crypto in general will recover from this catastrophe. If a true “blow-off-top” never transpired to top the bull market, then is “true capitulation” really necessary to bottom the bear market? One might think the shallowing of volatility of a maturing asset would be demonstrated in diminishing returns coupled with diminishing risks.

From LinkedIn: FTX crypto ‘contagion’ worry spreads

Coinbase shares were sinking Friday after analysts downgraded the company’s stock and warned about “contagion risk” following the shock collapse of rival cryptocurrency exchange FTX. Bank of America changed its Coinbase rating from “buy” to “neutral,” saying that while it’s “confident” the company is not “another FTX,” Coinbase will take a hit as investors step back from cryptocurrencies. Analysts at Mizuho Securities also lowered their price target for Coinbase stock, saying the FTX scandal was a sign of a “deteriorating industry.” Coinbase stock is down about 85% year-to-date.

  • Coinbase CEO Brian Armstrong told the Financial Times that he is “just as bullish on crypto as ever.” What happened at FTX, an offshore digital asset group, could “never happen” on the U.S.-listed Coinbase, he added.

  • The lending unit of major crypto unit Genesis halted redemptions following FTX’s collapse, saying withdrawal requests exceeded “current liquidity.”

  • The U.S. House Financial Services Committee will hold a hearing into FTX next month. Some $1 billion of customer funds are reported to have vanished from the exchange, which saw its valuation sink from $32 billion to zero.

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