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Bill To Prohibit Late Payment Of Salary Passes Second Reading in Nigeria’s Parliament

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The employees’ unpaid wages prohibition bill of 2019, has been reported to scale through the second reading at the house of representatives.

The bill which is titled ‘A Bill for an act to prohibit late non-payment, and underpayment of workers wages and other emoluments in Nigeria’, prescribes penalties for violations.

The bill was proposed to the house of reps by the Speaker of the House Hon. Femi Gbajabiamila, who introduced it on the 7th of March 2019, and has now passed the second reading on Tuesday during plenary.

Hon. Femi Gbajabiamila stated that the bill seeks to provide for the ban of late payment, non-payment, and underpayment of workers’ wages in Nigeria and prescribes punishment for breaches and other issues.

It also seeks to provide compensation for employees as well as improve the general welfare conditions of employment for labor in Nigeria.

The law prescribes that in case of a breach concerning other monetary benefits separate from the monthly pension, the fine shall be 30 percent of such financial benefits for that period.

Gbajabiamila further suggested a time frame and penalty schedule for unpaid wages or pensions if the employer or employee breached the law for more than two months.

The bill partly reads, “Notwithstanding anything to the contrary contained in any Act or any other enactment or law, the provision of this Act shall apply to all matters about payment of wages, pension, benefits and other emoluments by employers to workers in Nigerian.

What The Bill Says;

Section 1

“An employer is prohibited from entering into any contract with any workman for any deduction from the sum contracted to be paid by the employer to the workman, or for any payment to the employer by the workman for or in respect of inadequate or negligent work or injury to the material or other property of the employer or respect of any fine unless.

“(a) The terms of the contract contained in a notice kept constantly affixed at such place or places open to the workman and in such a position that it should be seen easily read and copied by any person whom it affects, or the contract is in writing signed by the workman.

Section 2

“Every employer of labor in Nigeria, whether private or public, and whether it is employing any worker on permanent or contract basis must ensure that all payment of wages, salaries, pension and all benefits to workers are paid promptly without delay weekly, fortnightly monthly, quarterly or yearly as may be agreed by parties in the contract of employment of the additional individuals”.

Section 3 (1a,b,c)

Prohibits employers from making arbitrary deductions from the wages or pension of workers unless expressly provided in the contract of engagement.

“The terms of the contract contained in a notice kept constantly affixed at such place or places open to the workman and in such a position that it should be seen easily read and copied by any person whom it affects or the contract is in writing signed by the workman unless the deduction or payment to be made under the contract does not exceed the actual or estimated damage or loss occasioned to the employer by the proven Act or omission of the workman or of some other person over whom he has control or for whom he has by the contract agreed to be responsible.”

Section 4

“an employer shall not hold on to the salary, wage, pension, or any other benefit and emolument of any workman for a period of seven days and above from the day the payment of such salary, wage, pension, and any other benefit and emolument falls due save in the event of any force majure.”

As punishment, the bill seeks one-month imprisonment for any employer that owes salaries for more than 60 days.

The passing of the bill is a welcome development that will correct some mischievous acts by some employers in the country. Some employers do not adhere to contracts, rather they breach them and do whatever they like, constantly treating employees unfairly.

Some of these employees have been plagued by late or non-payment of salaries, as heartless employers exploit the lack of legislation prohibiting the practice in the country.

Rocketize: The Neil Armstrong Token Taking Tether and Algorand Users To the Moon

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The Rocketize (JATO) website references the saying by Neil Amstrong on landing on the moon in July 1969. “Houston, Tranquility Base Here. The Rocketize Token has Landed.”

This is the basis of Rocketize (JATO) as a community token designed to rocketize investors to an outer space journey through the wonders of memes and gains. The development team behind the project intends to catapult the platform to heights previously unseen in the crypto space.

The Theme Of Rocketize (JATO) Ecosystem

The theme of the meme project draws its inspiration from the wholesomeness that meme crypto brings to its community and the need to break down traditional incentive structures further.

With Rocketize (JATO) utilizing the recreated system of financial operation- DeFi, users globally will have the resources and no limitations to grow and earn. Soon enough, the token will be a household name in crypto communities.

Additionally, Rocketize (JATO) will invest in NFTs, with special minting events, to produce new non-fungible tokens. The mint will use  Web 3 dApp Wallets to generate and store NFT collectibles. Holders will be able to tokenize their favorite memes into collectible trading cards.

For usability, the team is currently working on the development of a comprehensive eCommerce platform. The platform will provide support for its meme trading cards. From there on, non-fungible tokens will remain another source for users to earn passive income.

Rocketize (JATO) DEX

Rocketize’s (JATO) plan of introducing a decentralized exchange (DEX) will facilitate peer-to-peer transactions, allowing users to buy and swap digital assets straight from their wallets.

This will be done without going through an intermediary. The DEX will be governed by the community and managed by the DAO, effectively giving power to the people.

Rocketize (JATO) Presale Incentives

The second phase of public presale ends in a month, but Rocketize (JATO) has plans for early buyers. Buyers can get the token using ETH, BNB, Tether, BTC, and SOL for up to 15% bonus.

Also, all purchases for the next couple of weeks carry an automatic 7% bonus.

The First Stablecoin- Tether (USDT)

Tether (USDT)  is ranked number three on the list of cryptocurrencies with high market capitalization and has declared itself to be the driving force of money. Even cryptocurrency.

Tether (USDT) tokens pioneered the concept of the digital token space, attaching its value to a fiat current and backed by reserves that provide stability. The tokens are on blockchains and accepted by merchants globally, pushing on the mission for cryptocurrency adoption.

Sustainability With Algorand (ALGO)

Algorand (ALGO) is an institutional-grade blockchain for sustainability, security, decentralization, and scalability.

One of the major chains that solve blockchain’s trilemma, Algorand (ALGO), is also environmentally friendly, operating on a proof-of-stake protocol for consensus. The Algorand (ALGO) blockchain gives global innovators the chance to effect change within the crypto industry and worldwide. 

It is exciting to see Rocketize (JATO) breaking the norms, especially with meme coins. As the crypto market opens up to accept projects with fresh perspectives, JATO has the potential to shine as a profitable token.

For more information about Rocketize (JATO) token:

Website: https://rocketize.io/

Presale: https://launch.rocketize.io/register

Telegram: https://t.me/RocketizeTokenOfficial

Top Three Memecoins of 2022; Dogecoin, Safemoon, and Big Eyes

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Memecoins bring excitement to the crypto community. Their low prices also encourage entrance into the crypto community. If you are considering getting on some meme projects in the future, check out the following three projects.

Let’s start!

Dogecoin (DOGE) The Inspirational Meme Coin

Many people heard about Dogecoin during the last bull run in 2021. However, Dogecoin has been around for years. In fact, the token was created in 2013. It was created during the period where developers were trying to make sense of Bitcoin technology. The coin was generated from a Shiba Inu Dog meme circulating the internet.

It was created to bring a vibe to cryptocurrency technology and to make it accessible. As a crypto token, it sparked conversation in the ecosystem. Its fans created hype and speculations in the crypto world. To date, the fans of Dogecoin are still waxing strong.

Although Dogecoin started as a meme coin and even inspired other memecoins, it is leaning towards bringing real-world utility. One such project is Wag. Wag is a dog-walking mobile app that integrates Dogecoin. Another one is that crypto.com uses Dogecoin as its APO on its credit card or other online stores. While there are quite a few use cases on Dogecoin, we expect more growth in the long run.

SafeMoon (SFM) The Top Meme Coin Of 2021

SafeMoon is one of the top meme coins of 2021. As one of the top performers of 2021, there was a lot of hype and speculation around the token. But what exactly is SafeMoon?

SafeMoon is a token that encourages people to hold on to it. It was designed to encourage holders. It implements this with its 10% tax on every transaction. 40% of the tax gets distributed amongst token holders, 30% gets added to the liquidity pool, 20% gets burned, and 10% goes to a growth fund. With this, whether the price of the token is going down or not, token holders get rewarded.

SafeMoon is broken down from Safe and Moon. Safe implies that cryptocurrencies are generally secure, while Moon is from the common phrase to the Moon. That is to say that SafeMoon is safe and will grow.

It is essential to know that Safemoon is no longer just a store of value. It is building products and fostering partnerships that will enable its ecosystem to grow. One such product is the SafeMoon Wallet. SafeMoon Wallet is interoperable and would facilitate swaps, cold storage, and calculations. SafeMoon also plans to launch its crypto credit card soon.

Big Eyes (BIG) The New Meme Coin in Town

Big Eyes is a cat-themed meme token. It was created to bring new changes to the meme ecosystem. Before now, most animal-themed meme coins were represented with Dogs. Dogs are not the only household pets. So, Big Eyes is helping cat lovers get a crypto community.

As a new memecoin, the team at Big Eyes plans to drive growth through community hype. It will use many tactics to create awareness and drive sentiments in the crypto ecosystem. One good way it fosters understanding is through Twitter. Recently, the project was in a meme war with Tamadoge—another dog-themed crypto. The meme war went back and forth, with Tamadoge and Big Eyes dropping subtle shades at each other. One highlight from that meme war was when Big Eyes created a meme positioning itself as a unique project.

Being unique is truly hard. But, Big Eyes is carving a niche for itself. It is also important to note that Big Eyes has a lot of opportunities for its community members. It will be creating a merch shop, hosting events, and creating NFTs for community members. Additionally, 90% of its token supply will be distributed to the community. And there would be no taxes on transactions.

Another reason why you should join the Big Eyes bandwagon is because of the upcoming $250,000 competition. Yes, Big Eyes wants to do a massive giveaway and anyone can enter the competition. All you have to do is buy at least $250 of Big Eyes and hold it till the last day of the draw. Also, follow big eyes on Twitter for more updates.

 

Big Eyes Coin (BIG)

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

A Look At The Big Eyes Token And Why It Might Outperform Cardano And Hedera

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The cryptocurrency market is exploding, with new coins and tokens constantly appearing. We have seen a significant increase in the popularity of virtual currencies in the last few months as individuals have become increasingly aware of their existence and viability as investments.

In this post, we will explore three virtual currency projects that are rapidly gaining traction in the crypto space: Big Eyes Coin, Cardano, and Hedera. Each has its own set of qualities, advantages, and disadvantages. Please continue reading to learn more about these tokens and which one is best for you to invest in.

An Insight Into The Big Eyes Token

Big Eyes is a comprehensive community coin designed to move money into the DeFi ecosystem while safeguarding a critical component of world ecology. Big Eyes promises more by creating a self-propagating blockchain ecosystem that will utilize NFTs to enable access to more information and instances that will make the blockchain hypeship appealing to the board.

BIG is the community’s native token. Big Eyes, the coin’s meme, is a daring and adorable cat. NFT gifts, tokens, and other advantages will be given to ecosystem members. At the time of launch, there will be 200,000,000,000 tokens available. 70% of tokens will be available in a public presale, 20% will be available for exchanges, 5% for marketing wallets, and 5% will be available for charity. Members of the ecosystem will be able to use BIG for things such as staking, gaining access to liquidity pools, paying fees, receiving rewards, and carrying out NFT activities.

The network also offers its members a tax-free purchase option. Members will also profit from the platform’s dynamic tax structure, which includes purchasing a liquidity pool, auto burn, and the network’s marketing wallet. Other fundraising attempts on the network include selling items, imposing a tax on NFT purchases, and boosting awareness.

Let’s Engage Cardano

Cardano is a development environment that allows developers to design tokens, decentralized apps, and other use cases for scalable blockchain networks. Cardano was designed to be a superior alternative to Ethereum, and its functionality is built on smart contracts.

The Cardano platform is powered by ADA. One of its tasks is to serve as the currency for staking and pledging in the Cardano ecosystem. Transaction fees are used to reimburse users. The amount of ADA a user wagers determines the prize. On the Cardano platform, ADA will eventually be valid for a greater range of apps and services.

Lastly, Hedera

Hedera offers various services, including the development and maintenance of fungible and non-fungible tokens for use as payment methods, voting tokens, or digital collectibles. It also keeps track of assets in a supply chain, IP rights, or identity credentials by recording immutable, verifiable, and reasonably organized event logs for any program or permissioned blockchain architecture.

HBAR is Hedera’s utility token, and it is used to pay for network functions like data logging, token maintenance, and cash transfer between network nodes. Furthermore, HBAR coins are staked on network nodes to measure the vote on transactions.

For more information on Big Eyes (BIG)

 

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Big Eyes Coin (BIG) Set To Match Up To Cryptocurrency Veterans Apecoin (APE) And Pancakeswap (CAKE) In 2023

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The cryptocurrency community is no stranger to coins integrating NFTs into their ecosystem. Established players in the NFT space, such as Apecoin (APE). Pancakeswap (CAKE) has taken things a step further by hosting dedicated galleries on its homepage, showing off collections of animations, images, and other artworks.

In this article, we’ll analyse these cryptocurrencies and their achievements. But a new player in town is set to take the market by storm – the colourful and refreshing Big Eyes Coin (BIG). Could Big Eyes catch up to its predecessors or overtake them? Read on to find out.

Apecoin (APE): Stocks And Simians

Apecoin (APE) is a versatile token with a high market cap. Its uses include allowing access to Apecoin’s decentralised autonomous organisation (DAO), as well as opening up the coin’s ecosystem to token holders, and various third-party applications.

Token holders can also use their Apecoins to play exclusive games, purchase merchandise, attend events and procure services.

However, one of the most exciting things about this coin is that holders of Bored Ape, Mutant Ape, and Bored Ape Kennel Club NFTs can redeem their assets for Apecoin tokens. This innovation ties Apecoin to NFT ownership, marrying these two investment pursuits. Apecoin even collaborates with Yuga Labs, the creative team behind Bored Ape Yacht Club, to deliver projects and developments.

These features combine to make Apecoin a reliable coin with many purposes and therefore, plenty of room for growth.

Big Eyes Coin (BIG) – Shares And Sushi

A newcomer in its presale phase, Big Eyes Coin (BIG) has been laying the foundation for a runaway success in the evolving cryptocurrency market. The coin’s adorable marketing, zero-fee purchasing, and no-tax transactions make it attractive to crypto enthusiasts everywhere.

More good moves are in the works for the project, with the coin’s Uniswap launch coming soon. Big Eyes Coin’s presale phase has earned nearly $3m in sales so far, showing that speculators are buying in early.

You’ll also be able to gain access to the exclusive Sushi Crew soon by buying an NFT associated with Big Eyes Coin.

These factors combine to make Big Eyes Coin a desirable token. Exciting things are in store for this coin, which may catapult it to great heights.

Pancakeswap (CAKE): Sugar And Silver

Pancakeswap (CAKE) is a swap-focused coin with a deliberately low market cap of 750m. This low supply underlines the project’s philosophy: plan for the long term and focus on the future.

Pancakeswap also hosts an array of NFT artworks, accessed from its homepage and purchased using tokens. Token holders can therefore invest their holdings into assets for safekeeping, trade or sale.

This synergy has combined to lend Pancakeswap a huge presence in the cryptocurrency community – the network boasts over 1.5m followers on Twitter and 160,000 users of its Telegram channels worldwide.

There can be no doubt that there are some impressive tokens on the market right now. But looking forward to 2023 and beyond, it may be the case that new successful cryptocurrencies stand on the shoulders of giants – and rise above them. Keep your eyes on the horizon for inventive and attractive coins with personality and flair.

 

Big Eyes Coin

Website: https://bigeyes.space/
Buy now:
https://buy.bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/bigeyescoin