Investing in stocks and other securities can be a great way to grow your wealth over time. But if you’re still relying on traditional methods like going through a broker or financial advisor, you could be missing out on some serious opportunities.

Here’s why online trading is the next step in building a modern investment portfolio:

You Can Access More Information Than Ever Before

Previously, information about stocks, bonds, and other investments was difficult. Online trading has enabled anyone with an internet connection to access the same information as professional traders. This level playing field has democratized investing, enabling anyone to start building a modern investment portfolio.

There are several reasons why online trading is the next step in building a modern investment portfolio. First, online trading platforms offer various features and tools to help investors research potential investments and make informed decisions. An excellent Capital.com review online proves this point. A reliable trading information resource for investors who want to compare financial products to find a service provider for their needs. Second, online brokers typically charge lower fees than traditional brokerages, making investing more affordable. Finally, online trading offers greater flexibility and convenience than traditional methods, allowing investors to trade on their own schedule.

Whether a beginner investor or a seasoned pro, online trading is a great way to build a modern investment portfolio. With its low costs, a wide array of features, and convenient trading hours, online trading is the logical next step for anyone looking to take their investment to the next level.

You Have More Control Over Your Investments

When it comes to investments, online trading gives you more control over your money. With online trading, you can choose exactly how much money you want to invest and when you want to sell your investments. You’re not tied to a specific investment firm or financial advisor, so you can make the right decisions.

Another reason why online trading is an excellent option for building a modern investment portfolio is because it’s convenient. You can trade from anywhere, any time of day or night. All you need is an internet connection. This means you can monitor your investments and make trades even when you’re on the go.

Finally, online trading is usually cheaper than traditional methods of investing. When you trade online, you don’t have to pay commission fees to a broker. This can save you a significant amount of money over time.

Fees Are Often Lower With Online Trading Platforms

When it comes to investing, every little bit counts. Fees can really add up over time and eat into your investment returns. That’s why many investors are turning to online trading platforms which often have lower fees than traditional brokers. This is because online trading platforms have lower overhead costs and can pass on these savings to their clients. For example, while a traditional brokerage may charge $10 per trade, an online trading platform may only charge $5 per trade. This can add significant savings over time, especially for active traders.

Online trading platforms have come a long way in recent years and now offer powerful tools and features that can give you an edge in the markets. With so many platforms to choose from, it’s important to compare them before deciding.

You Can Trade 24/7 From Anywhere in the World

Nowadays, our world is more connected than ever before. The internet has made it possible for people to connect and trade with each other from anywhere in the world, any time of day or night. This 24/7 access to the global markets is one of the key reasons online trading has become so popular in recent years.

With online trading, you can take advantage of opportunities as they arise, no matter where you are. If you see a good opportunity to buy or sell a particular asset, you can place your trade instantly. This flexibility and convenience are not possible with traditional offline trading methods.

It Offers a More Convenient and User-Friendly Experience

There are several reasons why online trading is becoming more popular. One of the most important is that it offers a more convenient and user-friendly experience. When you trade online, you can do so from the comfort of your own home or office, and you don’t have to deal with the hassles of traveling to a broker’s office. Online trading platforms are designed to be easy to use and offer a variety of features that can make the trading process simpler and more efficient. For example, many online trading platforms offer mobile apps that allow you to trade on the go. This can be a great way to stay on top of your investments and take advantage of market opportunities as they arise.

For these reasons, online trading is the next logical step in building a modern investment portfolio. If you want to take advantage of opportunities as they arise without incurring high costs or dealing with inefficient processes, online trading is the way to go.

As Nigeria’s revenue generation dips further due to shortfalls in the oil sector, the federal government has been banking on taxation to save its purse from being completely empty.

This has resulted in multiple taxation with new taxes being introduced and VAT being increased. At the receiving end of the increasing taxation is the private sector.

Against this backdrop, a member of the Organized Private Sector of Nigeria (OPSN) has advised the federal government not to overburden the real sector operators with further taxes and stringent regulatory policies.

Adewale-Smatt Oyerinde, the Director General of the Nigeria Employers’ Consultative Association (NECA), gave this advice on Sunday through a statement titled; “Beyond Rhetoric: NECA Calls for Urgent Action to Save the Real Sector.”

In his statement, Oyerinde urged the government not to overburden businesses in the private sector in its attempt to generate revenue to fund the 2023 budget and liquidate interest accruing on debts.

“It is in the best interest of government to protect the real sector rather than tax it out of existence… debt and paucity of revenue are challenges that are acknowledged, organized businesses should not be made to suffer the lack of proper economic planning and political will that have pervaded successive administrations.

“At the last count, organized businesses are presently faced with over 50 different taxes, levies and fees at all tiers of government, some of which are duplicated,” he said.

In July, the federal government had moved to introduce 5% tax on telecom services, including calls, SMS and data. The move, which was vehemently opposed by stakeholders in the industry and members of the Nigerian public, underscores government’s determination to switch to taxes as its main source of revenue generation.

Oyerinde said, “currently, at the National Assembly, there are over five different bills, which seek to impose various taxes and levies on organized businesses in addition to the notable taxes and levies, which are of general application, such as The National Information Technology Development Levy (NITDA Levy), Education Tax (or Tertiary Education Tax), National Social Insurance Trust Fund (NSITF), Company Income Tax (“CIT”), Television and Radio License Fee, Local Content Levy, Stamp duty, among others.

“While taxes are global phenomenon, governments all over the world seek to protect their most productive sectors rather than tax them out of existence.”

Nigeria’s economic crisis has eaten deep into every sector, creating a huge revenue vacuum that the government is helplessly trying to fill. With the oil sector’s underperformance even in the face of oil windfall that could have served as succor to the country’s financial setbacks, the government is focusing on the real sector, which appears to be performing better than other sectors.

But NECA, like others, is concerned that the government’s focus on the real sector will impact businesses negatively.

“At a time when government should do all that is necessary to protect businesses from total collapse and reduce the increasing unemployment rate, there are proposals to further increase excise tax on select products, including the spirits, alcoholic and non-alcoholic products.

“This action will not only reduce the competitiveness of the industries but will also increase the costs of doing businesses and further reduce their potential sustainability,” Oyerinde said.

He added that “it is in the best interest of government to protect the real sector rather than tax it out of existence.

“As the AfCFTA comes into full swing, Nigeria cannot afford to become a dumping ground for cheap imported products because we have refused to protect local businesses.

“Over the years, we have urged government to expand the tax net, take a bold step towards stopping the oil-theft industry, take more than a cursory look at national assets that are laying waste and address the national embarrassment called the petrol subsidy regime.”

The major factor in Nigeria’s revenue crisis is the fuel subsidy, which is tied to non-functioning refineries and has been gulping a huge part of the national budgets. In 2023 alone, the subsidy is projected to consume N6.7 trillion from the budget, a large depletion of resources meant for capital expenditures.

Oyerinde said that local businesses should not be punished for the inconsistencies of the government.

“There is no justification why the nation’s four refineries are still moribund after many Turn-Around-Maintenances.

“It will be counter-productive for government to continue tightening the noose on legitimate businesses that are contributing to national growth while there exist obvious wastages and inefficiency in government that are yet unattended to.

“As a panacea to the ever reducing Foreign Direct Investments, rising unemployment and multi-facet revenue challenges, government and its agencies must protect local businesses and make the operating environment more hospitable,” he said.

Nigeria’s inflation rate hits 20.52% in August, the highest in 17 years. The recent rise is attributed to forex scarcity and the rising cost of diesel that forced businesses to either shutdown or hike the cost of their goods and services.

Oyerinde said all these, in addition to the stringent regulatory environment and non-alignment of fiscal and monetary policies, are already stalling economic growth in Nigeria. He said these, together with excess borrowing, have set the country up to self-inflicted revenue challenges.

“Even with the nation’s current level of indebtedness, the government is still poised to borrow over N11 trillion to finance the 2023 national budget. Currently, the government had made a cumulative expenditure proposal of over N19 trillion in the 2023 national budget, a 15.4% increase over the 2022 estimate,” he said.

NECA is just one among many stakeholders in Nigeria’s private sector that have called on the government to ease its tax imposition on businesses. But the government has appeared helpless in the face of challenges stymieing its revenue generation, narrowing its choices to taxes and borrowing.

Decentralization is the most significant feature of cryptocurrency. Therefore, DAO cryptos such as Big Eyes (BIG), Decentraland (MANA), and Curve DAO Token (CRV) embody how cryptocurrency eliminates the need for intermediaries to create wealth directly for its community.

These cryptocurrencies enable fully autonomous decisions and crypto transactions in a blockchain network or ecosystem. The new community-driven Big Eyes (BIG) recognizes that its strength lies in the community and therefore focuses on generating wealth in the DeFi ecosystem while seeking popularity.

On the other hand, Decentraland (MANA) and Curve DAO Token (CRV) have gone a long way to establish well-known and functional DAO systems, acquiring wealth through GameFi and DeFi while sustaining their various platforms through their communities.

This article explores how these three cryptos empower their respective communities.

Big Eyes

Big Eyes (BIG) is a full-fledged community crypto aimed at transferring wealth into the DeFi ecosystem and saving a vital part of the global ecosystem – the oceans. Therefore, the new cryptocurrency wants to give more by building a self-propagating blockchain ecosystem.

It plans to use NFTs to offer its community access to more content and events that will make the hype worthwhile. Due to its focus on community wealth, 80% of its BIG token supply is up for an ongoing public presale.

The Big Eyes community enjoys many benefits, including free transactions with BIG tokens to encourage more token trades. This dynamic tax system allows for changes, including fees for auto burn functions, liquidity pool acquisition, and the marketing wallet.

Furthermore, Big Eyes (BIG) will reward its members with token profits from NFT events for participating in a “burn or not to burn” vote. They will also enjoy regular giveaways in tokens, NFTs, and rewards.

Big Eyes (BIG) is about openness, communication, and trust. It also believes that the decentralization of finance and advancement of blockchain can not happen alone and in secret. Therefore, it plans to educate and simplify the DeFi process for its community members using the Big Eyes Swap, tutorials, and how-tos.

Finally, Big Eyes (BIG) believes the bigger the community, the more active, the more engaged, and the greater the momentum. Consequently, its community will engage in charities to save the oceans and aquatic lives. This charity will help popularize the Big Eyes (BIG) project while bringing health to the world.

Decentraland

Decentraland (MANA) is one of the largest Metaverse cryptos by market cap, built on the Ethereum blockchain. It is a three-dimensional virtual reality platform where users can experience, create and monetize content like LAND parcels, avatars, virtual clothing, and events.

Its native token, the MANA, is a top NFT token that facilitates high-end transactions such as buying real estate NFT LANDs and trading other NFT collectibles on the Decentraland marketplace.

Beyond this, Decentraland (MANA) is one of the biggest DAOs in the Metaverse world. Unlike its competitor, The Sandbox (SAND), Decentraland’s DAO allows MANA token holders to govern LAND auctions, vote on content controls, platform events, and other virtual world features.

It is also a sure way to earn rewards on the Decentraland platform since members get rewarded with MANA tokens for their active participation.

The Decentraland DAO ensures the MANA retains its value, especially during the bear market, since having functionality within the Metaverse helps with immunity. Also, as the Metaverse is still in its infancy, the MANA will be less affected by the bear market than the more speculative tokens.

Curve DAO Token

Curve (CRV) is a decentralized exchange specifically for stablecoins. It uses an automated market maker (AMM) to provide and manage liquidity.

The trading platform serves both those looking to maximize returns without risk by holding relatively non-volatile stablecoins and those engaged in DeFi activities like yield farming and liquidity mining.

The Curve trading platform uses the CRV as its native token. The CRV facilitates the affordable trading fees charged on the platform, which are then distributed to liquidity providers.

It also governs the Curve DAO, giving its holders rights and incentives to vote on proposals presented on the crypto trading platform. Users can purchase the CRV tokens on many popular crypto exchanges, such as Binance and Coinbase.

The growing use of stablecoin trading, the potential of the Curve as an automated market maker and liquidity provider, and its DAO community have been responsible for keeping the platform afloat and opening up new prospects for its applications in DeFi, despite the current volatility in the cryptocurrency market.

Conclusion

Community-driven cryptos like Big Eyes (BIG), Decentraland (MANA), and Curve DAO Token (CRV) work hand in hand with their community to ensure financial empowerment while sustaining the functionality of their various crypto platforms and a fair distribution of power within the communities.

That is the true meaning of decentralization.

Join the Big Eyes community today by clicking these links below:

Presale: https://buy.bigeyes.space/?section=buy

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL