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Investors Pull Out Almost $140 Million From Digital World, After Plans To Merge With Trump’s Truth Social

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Investors are pulling out millions of dollars from Digital World Acquisition Corporation, a company that intends to merge with Donald Trump’s Truth Social platform.

The special purpose acquisition company in a Securities and Exchange Commission filing, disclosed that investors have backed out of $140 million in commitments of the $1 billion previously announced by the company.

Following this move from investors, the company shares are currently trading at around $20, down significantly from $97 highs earlier this year, but still above the $10 liquidation price.

The investors who signed up for the deal about a year ago were able to back out if it was not completed by September 20.

Investors who walked away were however not disclosed in the filings, but it was reported that a company, Sabby Management, which planned to put in $100 million, has opted out.

Sources have disclosed that more investors may also withdraw their commitments now that the deadline has passed and are awaiting more favorable terms to be put to them by the company.

Digital World Acquisition Corp. has struggled to close the Truth Social merger deal and has previously blamed the SEC for delaying the deal amid criminal and civil investigations.

The Securities and Exchange Commission (SEC) started examining the deal in June over the possibility that Trump Media and Digital World had held discussions before the special purpose acquisition company (Spac) went public last year without informing the watchdog.

As a result of this, the directors of Digital World received subpoenas in June from a grand jury in the Southern District of New York.

Digital World has faced difficulty in getting sufficient shareholder approval for the merger and could be forced to liquidate and return investors’ cash if the deal is not completed.

The company however disclosed earlier this month its extension of deadline for completion by three months.

A key vendor had previously complained that Truth Social bills were going unpaid. A major web-hosting operator said Truth Social owed about $1.6 million in contractually obligated payments, an allegation suggesting the operation’s finances are in significant disarray.

In another setback, Truth Social’s application for a trademark was turned down last month because its name was too similar to other operations.

Truth Social is hardly the juggernaut some investors had hoped. The social media platform is largely a forum for Trump, who repeatedly posts messages touting himself and reposts articles from right-wing media praising him each day.

Trump launched Truth Social after he was booted off Twitter in the wake of the Jan. 6, 2021, riot at the U.S. Capitol. Ever since then, Trump has been using the Truth platform much as he did with Twitter to hit back at his enemies, also stating how he won the 2020 U.S presidential election which brought in President Joe Biden.

Last month, Digital World warned in an SEC filing that a dip in Trump’s popularity could hurt the business. The filing noted that Truth Social’s success hinges on the “reputation and popularity” of the investigation-plagued Trump, who chairs the Trump Media and Technology Group, which owns and operates the social media platform.

The SEC filing reads, “In order to be successful, TMTG will need millions of those people to register and regularly use TMTG’s platform,” the filing warned. “If President Trump becomes less popular or there are further controversies that damage his credibility or the desire of people to use a platform associated with him,” the planned merger with Digital World “could be adversely affected”.

MetaCryp, Cardano, and Near Protocol Lead the Charge in the Coming Bull Run

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Even while the cryptocurrency market is currently anticipating the start of a bull run, not all evidence points to such a surge being forthcoming. According to various technical indicators, the crypto financial markets are likely to continue their downward trend for the foreseeable future as we have not yet seen any confirmatory breakout of the subsequent possible bull run.

Still, inevitably, the bull run will eventually have its season, and it would do anyone a whole lot of good to get on the right train. Some potentially successful trains give excellent boarding tickets for the upcoming bull rage. MetaCryp (MTCR), Cardano (ADA), and Near Protocol (NEAR are one of such tickets you have to look into.

MetaCryp (MTCR) Catches the Attention of the Crypto Community

The MetaCryp Network (MTCR) is a blockchain-based, decentralized 3D metaverse. Through this initiative, MetaCryp (MTCR) will be able to provide a secure environment in which people can socialize, play, and form communities without fear of harm. By leveraging blockchain technology, MetaCryp (MTCR) Network aims to create a censorship- and control-free metaverse where everyone is heard and welcome. The network will also use its Decentralized Autonomous Organization (DAO) to give its decentralized community a voice in the platform’s governance.

The MetaCryp (MTCR) Network plans to combine a wide variety of cutting-edge blockchain-based solutions. MetaCryp Network’s ultimate goal is to facilitate socializing on Metaverse, where users can build their ideal virtual world.

MetaCryp (MTCR) tokens are on presale, and there are fabulous offers and bonuses for early adopters, such as an 8% added-on for purchases made with Bitcoin (BTC) and a 20% bonus on fiat deposits of $1000.

Cardano (ADA) is Standing The Test of Time

Many traders anticipate a massive price increase for Cardano (ADA) over the next few months. The Vasil hard fork upgrade is the impetus for this change since it will result in a complete overhaul of the network and significant scalability upgrades. Still, investors should exercise caution. Cardano (ADA) had been on an upswing before the Alonzo hard fork but has since seen its value drop significantly.

In the long run, Cardano (ADA) is a great investment regardless of how the price fluctuates in the near term. Cardano (ADA), which debuted in 2017, is one of the pioneering cryptocurrency projects that have stood the test of time and progressed steadily despite the environment’s constant upheaval.

Near Protocol (NEAR) Says Yes to Green

Built as a layer-one blockchain, the Near Protocol (NEAR) is a cloud-based community-run system that eliminates several problems plaguing its competitors, such as slow transaction speeds, limited throughput, and a lack of interoperability. This fosters a platform that is both user- and developer-friendly, giving DApps the finest possible conditions to thrive.

The Near Protocol blockchain is a carbon-free platform for apps, NFTs, games, and other services. There’s also helpful software included for trading and selling used phones. The NEAR token is used on the Near Protocol development platform, which also acts as a collective and a foundation that distributes grants to promote the expansion of the Near ecosphere.

The network is cheap and efficient, saving consumers and devs 30% on average on transaction fees. And network users are already compensating for their CO2 footprints, whether or not they are aware of it.

Conclusion

The market is replete with all sorts of digital currencies making claims of being the next big thing. It’s up to you to vet thoroughly and make your decision. A good start off point will be with these tokens, especially presale projects like the MetaCryp (MTCR).

 

For more info on Metacryp (MTCR), go to:

Presale: https://presale.metacryptoken.io/register

Website: https://metacryptoken.io/

Telegram: https://t.me/MetaCrypOfficial

Moshnake, Axie Infinity, and TRON are Poised to Dominate the Crypto Market in 2022

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Since Bitcoin (BTC) was first introduced, cryptocurrencies have grown and been widely adopted, playing an increasingly important role in the global economy. Over the years, many digital currencies have emerged to provide new services and address new economic and social problems.

Axie Infinity (AXS), Tron (TRX), and the upcoming project Moshnake (MSH) are just a few examples of digital currencies designed to solve problems and incentivize users and traders.

Moshnake (MSH) is expected to provide more advanced capabilities for reward and transactional activities in the cryptocurrency market than Axie Infinity (AXS) and Tron (TRX), both of which already offer a lot of features necessary for profitability and more.

Continue reading to learn more about these cryptocurrencies.

Tron (TRX)

The Tron network and its native cryptocurrency, TRX, were developed using the distributed ledger technology blockchain with the worldwide digital entertainment industry in mind. Users can use fast multiprotocol smart networks, and the platform also provides a multiprotocol infrastructure for app creators to employ in making entertainment-related programs.

The success of Tron (TRX) can be mainly attributed to its marketing strategy tailored specifically to the Asian market and putting the spotlight on its creator and CEO, Justin Sun. Given its incredibly active fan community, it’s not surprising that the futuristic-sounding Tron (TRX) has found some success.

The Tron (TRX) cryptocurrency is one of a kind since it approaches the market from an entirely new angle and with a different goal in mind. The fact that TRX doesn’t charge any transaction fees is impressive. There can be 2000 transactions processed every second on the Tron network.

Axie Infinity (AXS)

One of the most prominent NFT platforms, or non-fungible token systems, is Axie Infinity, which has sold at least $2 billion worth of NFTs. As NFTs continue to gain popularity, many see the Axie Infinity coin as a potentially massive alternative.

Keep your financial footing with the help of Axie Infinity (AXS), another cryptocurrency that could be useful. With the advent of NFTs, AXS has an unprecedentedly promising future.

According to CoinMarketCap, it is one of the most popular and influential cryptocurrency games. In DeFi, users can buy “Axies,” collect them, use them in competitions, and even trade them. Axie Infinity (AXS) is one of the earliest “play-to-earn” (P2E) gaming platforms, where players can earn tokens by completing in-game objectives.

Moshnake (MSH)

Moshnake (MSH) is a blockchain-based game inspired by the classic arcade Snake game. It is a crypto-based game featuring a Play-to-Earn gameplay concept. Participants must purchase NFT snakes and then use them in various gaming modes to accumulate experience and rewards. Users can compete against the environment or other users in Player vs. Player and Player vs. Environment modes, respectively.

Getting rewarded in-game and progressing through the game’s stages requires consistent gameplay. The MSH token serves as the game’s governance token and may be used to acquire snake NFTs. Holders of MSH can play defined roles on the platform and have input into the game’s administration. Also, for a fee, participants can enter one of several unique tournaments with the chance to win substantial prizes.

 

To find out more about this new cryptocurrency, see the links below:

Presale: http://mosh.moshnake.io/register

Website: https://moshnake.io/

Big Eyes Coin Might Supercede Other Coins Like Cosmos and Filecoin With Its Community-Driven Focus

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The cryptocurrency community often favours community-owned assets rather than regular privatized tokens. Hence, even a new entrant like Big Eyes Coin (BIG) might be geared for a good run in the market with its community-driven focus.

Big Eyes Coin is a meme coin themed after a cute big-eyed cat. The cryptocurrency seeks to build a community of crypto enthusiasts that would raise the next generation of DeFi wealth and protect an important part of the world’s ecosystem.

Although still in stage 2 of its launch roadmap, the coin has generated more than $2 million for its token distributions and has gained the recognition of other coins. Big Eyes Coin engaged in a Twitter battle with another meme coin, Tamadoge. The Twitter war led to BIG hinting there could be a union between the dog-themed coin and itself.

There were also claims that the coin had no legal document. Hence a scam; however, Big Eyes Coin bounced back with its certification documents such as whitepapers and Contact Audit by Solidity Finance on its official website. Hence, there is no doubt that Big Eyes (BIG3) is a legitimate meme coin, but does it stand a chance compared to coins like Cosmos (ATOM) and Filecoin (FIL)?

What Cosmos and Filecoin Did To The Blockchain Technology

Cosmos (ATOM) and Filecoin (FIL) are two crypto assets with extraordinary and unique features that have contributed significantly to the blockchain industry. Cosmos created a friendly and enabling ecosystem that would allow developers access seamless communications between various blockchains. The coin now has a market cap of over $3 billion and is one of the top 30 coins in trading history, dating to 2017.

Filecoin (FIL) also makes the top 30 list when stable coins are excluded. It’s an exciting crypto project that allows the storage of important information. Filecoin uses its decentralized digital storage system to incentivize data storage and make censorship difficult. One real-world use of the coin was demonstrated by Starling Lab, an academic research centre at Standford University that used the coin to help document Russian war crimes in Ukraine.

Big Eyes Coin (BIG) would be making its contribution to the meme coin industry and crypto space with its aim to build a community that thrives on DeFi wealth creation and saving the world. In addition, the coin would be changing the narrative of how investors view meme coins with its No Buy/Sell Taxes or Fees, two years liquidity lock, and NFT release that would generate millions of revenue for investors.

How to Buy Big Eyes and Join Its Ecosystem

There are over 200 billion $Big Tokens, of which 70% will be available during the public presale, while it would preserve the rest for exchanges (20%), marketing (5%), and charity (5%). In addition, there will also be a 10% Tax on NFTs, which will be distributed to the original seller (4%), holders (5%) and charity (1%).

You can buy the token on the official website with your card or coins like BTC, ETH, and USDT. To join the Big Eyes Ecosystem, follow the simple steps below:

  1. Visit the official Big Eyes website, bigeyes.space
  2. Click the Buy Now tab on the top right corner of the page
  3. Connect your Wallet (preferably Metamask or Trust Wallet)
  4. Click “Connect Wallet” and select a mode of payment.
  5. Claim your reward once the presale is concluded.

Conclusion

Big Eyes Coin (BIG) is a cute cryptocurrency coin that seeks to leverage the crypto hype-ship to grow its community and raise billions for its investors. The coin’s strength lies in its community-building mission to generate tremendous momentum and reward members with token giveaways, NFTs, and fast growth in the crypto market.

 

Find Out More About Big Eyes Coin (BIG) Below:

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Polkadot, Fantom, and Rocketize The Best Coins to Purchase During the Crypto Winter

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The cryptocurrency market is one of the largest financial markets around the world, and it is one of the most exciting trading options worldwide because of its unpredictability and high volatility.

While Bitcoin remains one of the most popular digital assets in this industry, this financial market is filled with thousands of alternatives. If you are like most traders and investors in the crypto space, it means that you’re constantly looking for new ways to profit from market activities.

You need to note that the best ways to profit from the coin market involve buying high-potential cryptocurrency tokens. If you can make the right purchase decision, you would benefit from high-profit moves but identifying top cryptocurrency tokens to purchase and invest in is relatively tricky.

You cannot blindly purchase any cryptocurrency or suffer immense losses. There are numerous alternatives and options to research. Identifying a token that will do well may take plenty of time. Even after that, there’s no assurance that it will perform up to your expectations.

If you are interested in purchasing high-potential crypto tokens and don’t know where to start, you’re at the right place. This piece will reveal the top cryptocurrency options for you to purchase, including reasons why they stand out.

Polkadot (DOT) Remains Extremely Profitable

Polkadot is one of the most impressive cryptocurrency projects we have today. Unlike most cryptocurrencies that focus on building up their own personal protocol or blockchain, Polkadot takes a different approach.

The DOT token is only concerned about improving the interoperability of the entire crypto space. Polkadot will allow crypto users to transfer data and value across incompatible networks.

For instance, users can send something from the Bitcoin blockchain to the Ethereum blockchain. Polkadot is also designed to be fast and scalable.

DOT is the native token of the Polkadot blockchain. It’s a governance token that will ensure that holders continuously have a say in the development and improvement of this blockchain. It serves two major functions.

The Polkadot token is also used for staking. Users can verify transactions and create new dot tokens through these staking procedures. Polkadot can be purchased on multiple crypto exchanges worldwide.

Should You Add Fantom (FTM) Tokens To Your Wallet?

Fantom was introduced to the cryptocurrency market as a direct competitor to Ethereum. As the Ethereum blockchain grew bigger, it became slower and required more computational power to process transactions.

As many blockchain developers could hardly cope with the high transaction fees of this platform, the crypto world turned to Fantom as the next-generation cryptocurrency to support decentralised applications.

This layer-1 blockchain will provide an exciting platform where dApps can run faster and at lesser transaction costs.

To be able to support fast transactions, Polkadot runs on a directed acyclic graph blockchain. It also uses a leaderless consensus mechanism. This means that blockchain operations are not under any particular person’s control.

FTM is the native token of this blockchain. This token is compatible with numerous blockchains, including Ethereum, Avalanche, Binance Smart Chain, Fantom, and Polygon.

What Benefits Does The Rocketize (JATO) Offer?

Rocketize (JATO) is a new addition to the crypto market. As a meme coin, it’s easy to overlook this cryptocurrency. It’s a community-driven approach.

Rocketize is under the control of non-profit organisations. They will control this token based on inputs of the Atomic Nation. This crypto community is popularly referred to as Atomic Nation.

Rocketize is an open-source project that’s looking to bring the benefits of the Binance Smart Chain to crypto users worldwide. To do this, it will offer unique decentralised tools that allow people to have control over their funds. This meme coin will also support NFT minting. JATO is the native token of Rocketize.

Although DOT and FTM are two very successful tokens, the JATO token is predicted to do extremely well when it enters the market. It is definitely an opportunity you will not want to miss.

Join Rocketize (JATO)’s Presale:

 

Presale: http://rocket.rocketize.io/

Website: http://rocketize.io/

Telegram: https://t.me/RocketizeTokenOfficial