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Is Dogeliens On Track to Follow the Success of BNB and Sandbox?

By
TI Partners
-
0

Dogeliens (DOGET), a new meme token, is currently creating headlines in the crypto industry. The new cryptocurrency is a breath of fresh air in a meme coin industry dominated by the names of Dogecoin (DOGE) and Shiba Inu (SHIB).

Following the exponential rise of the blockchain gaming sector, this article digs into how Dogeliens (DOGET) might attain cryptocurrency success in the market like BNB (BNB) and Sandbox (SAND).

BNB (BNB)

BNB (BNB) is a well-known cryptocurrency exchange where users may buy, resell, trade, and swap currencies and NFTs. Users can now select over 600 cryptocurrencies listed on the platform. In terms of market capitalization, the native token BNB (BNB) ranks as the fifth-largest cryptocurrency and one of the most well-liked altcoins.

In addition to the exchange, the BNB must have a wide range of applications. The platform allows holders to save a lot on trading costs. Over 30 million people currently use the exchange. However, BNB (BNB) token values have recently struggled greatly, reflecting the sentiment of the deflated cryptocurrency world.

The token is presently trying to break through the $300 threshold, and BNB (BNB) investors are concerned about whether the token still has a long run ahead of it. However, BNB (BNB) is predicted to generate large gains once the cryptocurrency market begins to rebound.

Sandbox (SAND)

The Sandbox (SAND) is a prominent Metaverse cryptocurrency in the cryptocurrency market. Its Metaverse is home to LAND owners like Paris Hilton and Snoop Dogg, as well as corporations such as Adidas and Atari.

The Sandbox (SAND) Metaverse is distinct in that it assists users in creating and monetizing their content and experiences. It provides customers with developer tools such as Game Maker and VoxEdit. These are non-programming tools for producing 3D assets and content such as games and captivating scenarios.

Users can pay a fee to provide access to their material with other users. They can also use The Sandbox NFT marketplace to monetize their digital assets. The SAND native token is used for all purchases.

Finally, The Sandbox Metaverse enables users to host and commercialize events such as parties, concerts, as well as tours; for example, Snoop Dogg hosts a private party open to OpenSea NFT marketplace customers. This generates a positive economy that helps both the platform and also the users while increasing the value of the SAND token.

Source: Dogeliens

Dogeliens (DOGET)

Dogeliens (DOGET) is a meme coin with a unique use case that joins the ranks of other very successful dog-themed meme coins such as Dogecoin and Shiba Inu. The cryptocurrency is based on the narrative of dog aliens who live on the planet Puptopia.

The open-source platform, like the courageous and loyal dog aliens, aspires to create a crypto that is loyal and devoted to its users. It has also launched a native currency called DOGET, which can be used for staking, earning rewards, dealing NFTs, and establishing liquidity pools, among other things. Users that are interested in purchasing the token during the presale period will be able to do so. Users should be aware that the purchase will have a two-month vesting period.

Furthermore, any buyer who purchases the DOGET Token during the presale period will earn appealing prizes. The only difference is that these rewards will be determined by a variety of factors such as the type of cryptocurrency used in the transaction, the total amount spent, whether the buyer has any referrals, how soon after signing up did the purchaser make the purchase, and the stage of the presale, to name a few.

In addition, the site has established two educational programs to raise knowledge of cryptocurrencies as well as blockchain technology. The first is the University of Barkington, where users will have access to a variety of tools such as articles and videos to help them learn more about the world of cryptocurrencies.

The Dogeliens Academy, on the contrary, is an online classroom where users can learn about a variety of topics other than blockchain and cryptocurrencies. There is a lot to gain from the Dogeliens family -knowledge, wealth, and community. Join NOW!

For More Information On Dogeliens (DOGET):

Giveaway: https://gleam.io/tl57r/dogeliens-10000-giveaway-

Presale: https://buy.dogeliens.io/

Website: https://dogeliens.io/

Telegram: https://t.me/DogeliensOfficial

What Are The Hottest Projects In The Cryptocurrency Market – Ripple and Rocketize?

By
TI Partners
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0

The hype of users controls the activities in the cryptocurrency market. More often than not, cryptocurrencies that experience short-term explosive growth are subject to hype from social media and crypto forums. This hype is usually as a result of certain unique features that the cryptocurrency possesses. As news about the coin’s innovativeness spreads, the interest in it will also increase.

Are you looking for top crypto tokens that everyone is currently talking about? You’re at the right place. This piece will review some of the hottest projects in the crypto market – Ripple and Rocketize.

Ripple (XRP) The Crypto and Blockchain

Anyone who’s no stranger to activities on the coin market would have heard about Ripple. This cryptocurrency project is as old as some of the earliest options in the coin market – Bitcoin and Ethereum. However, it has managed to stay relevant without necessarily losing too much of its hype. In 2020, Ripple faced sanctions from the SEC for some of its activities but this cryptocurrency is back where it left off.

Many people are excited about Ripple because it is a cryptocurrency and blockchain. The cryptocurrency is denoted with the symbol XRP. Early reports about this cryptocurrency have revealed that its consensus is more efficient than what you’d get from Bitcoin. Ripple doesn’t use blockchain mining to produce more tokens.It also doesn’t use a proof-of-stake mechanism to support its transactions. Instead, it relies on a group of servers to process transactions. All of Ripple’s tokens are premined and are available on top crypto exchanges worldwide. Users will spend XRP tokens to facilitate transfers and blockchain transactions.

Ripple’s main utility is to facilitate the transfer of currencies between entities. Simply put, it serves as a temporary settlement layer denomination. Ripple’s blockchain can support crypto and non-crypto transfers. Yes, you can use Ripple’s blockchain to process transactions concerning Bitcoin, Ethereum, dollars, euros, etc. In addition, Ripple is an open-source project. This means that its code is open to the public. It’s possible to make contributions to the protocol or copy its code and use it somewhere else.

Rocketize (JATO) The New Meme Coin

No cryptocurrencies generate as much attention as Rocketize in the coin market right now. Many users are thrilled that a project like Rocketize was ever designed. Developers are excited to be a part of this project because it shows just how far the meme sector has come in the past few years. So, what exactly is special about Rocketize?

The first thing to note about Rocketize is that it’s a meme coin. However, Rocketize is different from most meme coins out there. Why? Because it allows users to enjoy the meme sector and DeFi features. It’s an ideal combination of top cryptocurrency features, and no one will ever get bored being a part of this project. Like other top meme coin alternatives, Rocketize is designed with a community-centric approach. This means that users will be responsible for guiding the future direction of the token. The name of the Rocketize crypto community is Atomic Nation. Anyone can sign up to be a part of this community. All you just need to do is purchase a certain amount of the token.

Rocketize’s DeFi features allow users to be able to also create smart contracts, decentralized applications, and perform blockchain business promotions. What’s more? You can use the meme coin to create non-fungible tokens. Rocketize is powered by JATO tokens, and its operations are hosted on the Binance Smart Chain. As a result, users should not expect to pay hefty transaction fees. You can join the Rocketize bandwagon by clicking on the presale link below.

 

Rocketize Token (JATO)

Presale: https://rocketize.io/buy

Website: http://rocketize.io

Telegram: https://t.me/RocketizeTokenOfficial

Nigerian Naira Under Massive Stress

By
Ndubuisi Ekekwe
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0
Nigeria Naira US Dollar

As Naira loses trajectory, expect the government to panic especially in this election season; this policy could be frozen. This line has an unbelievable implication: “The CBN said that it is worrisome that 85 percent of the currency in circulation is being hoarded by Nigerians.” If that data is true, the implication is that we will witness an unprecedented “liquidity” which our financial system is not designed to support in the next 2 months. If the banks are holding just 15% of cash in circulation, if you bring the other 85% into the system, do you think the banks will have the capacity to do the needful in just two months?

The central bank is fixated on a full-play cashless playbook as the digital age arrives. With this redesigning of Naira and planned card issuance scheme, riding on e-Naira, the apex bank will have a clear picture of Nigerians’ financial states. Even taxation will become more efficient.

Yet, the pressure on the poor Naira will be huge as that 85% begins to emerge from underground vaults, political store rooms, criminal estates, bandits’ hideouts, etc. The US dollar will score many easy goals here. Yet, what the apex bank wants to do is noble and a good reset. The challenge is that many pains will be distributed before the light could be seen at the end of the tunnel.

Comment on Feed

Comment 1: Ndubuisi Ekekwe, the truth of the matter is that the monetary authority – Central Bank and the fiscal authority – Finance Ministry roles are complementary. The CBN manages the macroeconomic policy of currency stability through low / raised interest rate to helm inflation, drive higher investment, productivity, and employment as well as promote export trade and earn foreign exchange income. The Ministry of finance as the tax policy authority drives same policy objectives and goals through taxation policy. Each of these two important macroeconomic policy management authorities ought to key into the overall macroeconomic policy objectives of the Central Government to drive the GDP.

Unfortunately, in Nigeria, there is no strategic policy direction developed by this government led by qualified and competent economic team and no strategic Vision, Mission, Objectives and Goals for which these two critical macroeconomic management authorities ought to be prominent players. The Nigerian state suffers because of leadership that places politics above economics which defines the ideology/foundation and government and prioritize religion, tribe, connection over merit, competence, and capacity.

Comment 2: The CBN must march on with its naira redesign project, and under no circumstance should the government pause the operation. What is being reported is artificial collapse of the naira, so if it’s meant to bully the state into submission, the state must never back down.

The CBN in collaboration with Intelligence agencies and law enforcers must work at unprecedented level to track the movement of naira. There’s no way N20 billion will enter financial system without being noticed, let alone trillions of naira. What I see most times is that people wish that bad guys succeed while the government fails. It’s warped way of thinking and living, but it’s very real. But you cannot wish for a decent society and still expect evil to win over good, only evil creatures think that way.

I don’t know exactly what is in the mind of the CBN and FG, but we can use this latest event to press a reset button. People don’t suddenly become wealthy, so if the state goes deeper to trace sources of riches and ownership of properties, confessions and recoveries will abound. The judiciary will be very instrumental in this war, but it’s a good war, and surrendering should never be an option.

State powers are almost infinite, individuals cannot defeat a state.

Comment 3: This shows that the alleged hoarders are going straight to the Abokis instead of the banks.

The ambition is huge and its vision is nice, but that’s about the only thing that’s looking nice about this.

The problem is not the objective itself but the fact that the government and its agencies have demonstrated time and again that they lack the competence and capability to achieve their objectives.

NIN Registration was and is still a fiasco, National ID Card issuance is a fiasco, PVC registration and issuance, fiasco, eNaira is not forthcoming, etc. The government is good at initiating outlandish projects but never really delivering them with efficiency. How is this going to be any different? We may see the deadline adjusted since banks don’t have the capacity to absorb the excess liquidity efficiently.

Obviously the government expected that the alleged hoarders would be running back to the financial system via the banks, but ?800/1$ indicates a sudden spike in the demand for dollar.

So if the hoarders are cashing out anyway, doesn’t this defeat the purpose of the initiative after all?

The initiative is necessary, however, given the concussed state of the Nigerian Economy, is this the right moment to be doing this?

Naira Falls to N800/$1 Following CBN’s Move to Redesign the Currency Notes

Naira Falls to N800/$1 Following CBN’s Move to Redesign the Currency Notes

By
Samuel Nwite
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5

The sudden decision of the Central Bank of Nigeria (CBN) to redesign naira notes, which has generated a lot of interest in the country, appears to be pushing the embattled currency further down.

On Saturday, the naira spiraled to its lowest fall, hitting N800/$1 in the parallel market – a development attributed to spike in naira to dollar exchange by those who have naira stockpiles.

The CBN announced on Wednesday that it has redesigned N200, N500 and N1,000 notes, adding that all existing currencies will cease to be legal tender from January 2023.

The move, which was quietly carried out, is understood to be a plan by the federal government to deny terrorists, kidnappers and corrupt public office holders the opportunity to spend their illicit funds stockpiled outside the banks.

The Economic and Financial Crimes Commission (EFCC), which described the move as “a well-considered and timely response”, has been urged to work with banks to arrest and prosecute those who will deposit huge funds they can’t defend within the period stipulated by the CBN for the old naira notes to be returned to banks.

However, while the move has been applauded by a large section of Nigerians, there is concern that it will further stoke inflation as those caught in the trap will continue to run to Bureau De Change (BDC) operators to buy dollars with their ill-gotten naira.

Reports indicate that politicians are approaching BDC operators, offering them mouth-watering deals, to convert their stockpiled naira to foreign currencies before the six-week window given by the CBN closes. This means that Nigeria’s FX market is going to experience more strains that will push the naira spiraling downwards.

The central bank governor, Godwin Emefiele, who expressed optimism that the redesign of the naira notes will help tame inflation, said on Wednesday that much of the currency in circulation is outside the banks.

“To be more specific, as at the end of September 2022, available data at the CBN indicate that N2.73 Trillion out of the N3.23 trillion currency in circulation, was outside the vaults of commercial banks across the country, and supposedly held by the public. Evidently, currency in circulation has more than doubled since 2015; rising fromN1.46 trillion in December 2015 to N3.23 trillion in September 2022,” he said.

Against this backdrop, the naira has kept weakening against the dollar, pushing inflation, which stood at 20.7% as at September, further up. The CBN’s attempt to tame it with the naira’s redesign is backfiring.

On Friday, soon after the central bank announced that President Muhammadu Buhari had approved the plan to redesign the naira notes, the currency crashed to N785 against the dollar. Falling further to N800/$1 on Saturday indicates that the naira redesign may cause more harm than good for Nigeria’s economy.

The International Monetary Fund (IMF), on Friday urged Nigeria to apply caution in its plan to redesign and replace naira notes as missteps will undermine confidence in the financial system.

Invest in Startups – An MTN Executive Urges Nigerian Firms

By
Ojukwu Emmanuel
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0

Chief Corporate services officer of MTN Nigeria Tobechukwu Okigbo has urged firms in Nigeria to invest in startups.

He disclosed that investing in Nigerian startups by major firms in the country will lead to the growth of the startup ecosystem.

While speaking at the Technology Breakout Session Panel at the Ehingbeti Economic Summit, held in Lagos, he stated that companies in Nigeria need to collaborate with startups in Nigeria, as a corporate social investment to create shared value.

In his words, “From a funding perspective, major Nigerian companies can enable the growth of the ecosystem by making major investments in these startups.

“This will send a signal to the external community and most certainly increase the amount of investment these startups will receive. Nigerian companies should partner with startups as a corporate social investment to create shared value.”

On the other hand, Mr. Okigbo disclosed that in a bid to support small businesses and startups in Nigeria, MTN has launched the “MTNPulse Blow My Hustle” initiative which is aimed at providing grants and capacity-building to 100 young Nigerian business owners aged 16 to 30.

According to MTN, the 100 shortlisted participants will undergo a two-week training session after which 20 finalists will compete for a range of grants as high as N10 million, which will be awarded based on the quality of pitches presented during the grand finale.

Meanwhile, with close to 340 start-up founders in 2022 and a $680 million financial injection into the Nigerian tech ecosystem in 2022, projecting the Nigerian tech space as a promising industry is valid.

In the first quarter of 2022, the startup sector witnessed an influx of investors. It is reported that Nigeria is the most popular tech startup investment destination in Africa.

Between 2015 and 2022, 383 tech startups raised a combined US$2,068,709,445. With at least 481 startups active across the country as of August 2022, Lagos leads the way with no fewer than 425 – 88.4 percent.

In conclusion, funding Nigerian start-ups is a necessary culture that needs to be inculcated in the consciousness of the major firms in the country which will contribute greatly to the nation’s economy.

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