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Fantom, PancakeSwap, and Big Eyes: Three Cryptocurrency Projects That May Make You a Crypto Millionaire

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Most investors that enter the cryptocurrency markets aim to become crypto millionaires. These investors pray for bull markets and use price predictions to place bets on various tokens. The cryptocurrency market has been in a bear market for the last seven months and has left some investors liquidated and other hopes dashed. Although it seems like everything is gloomy, there is still hope for these investors to outperform the bear market. This market cycle allows investors to buy the dip and purchase undervalued tokens. This will enable investors to earn outsized returns on the portfolio and get closer to their crypto millionaire dream.

Before investing in any project, it is important for you to research the project thoroughly. This research will give you a better grasp of the fundamentals of the project. Additionally, it will enable you to understand tokenomics and how it affects the token price. Fantom (FTM), PancakeSwap (CAKE), and Big Eyes (BIG EYES) are three cryptocurrency projects that will bring you closer to your crypto millionaire dream. Read below for a summary of each of the projects.

Fantom (FTM)

Fantom (FTM) is a smart contract blockchain that utilizes a DAG (Directed Acyclic Graph). It uses its unique consensus algorithm (Lachesis) to provide developers with a suitable platform to develop their projects. Fantom will change how users interact with the DEFI ecosystem as it offers speed and quick settlement in under two seconds. In addition, it supports the building of dApps for various purposes. Fantom was created in 2018, but Mainnet was launched in 2019. The Fantom blockchain was built to offer competition to existing layer 1 blockchains.

The Fantom blockchain offers users cheap fees, higher throughput, and faster settlement times. In addition, Fantom has created the ideal sandbox for developers to build DEFI projects and faster DEFI dApps. Its focus on the DEFI ecosystem ensures that it is able to bring more users into DEFI. The FTM token is used for various purposes, including staking, settlement, governance, and network fees.

PancakeSwap (CAKE)

PancakeSwap (CAKE) is a decentralized exchange for trading and swapping BEP-20 tokens. BEP-20 tokens are native to the Binance Smart Chain. PancakeSwap uses an Automated Market Maker (AMM) that allows users to swap BEP-20 tokens in liquidity pools controlled by smart contracts. On the protocol, users can earn fees and provide liquidity through farming. PancakeSwap launched in September of 2020 during the pandemic period, also known as “DEFI summer”, in the crypto ecosystem. The liquidity pools are funded by liquidity providers who deposit their tokens in exchange for LP tokens. These LP tokens can be exchanged to redeem deposited tokens and accrued fees.

PancakeSwap LP tokens are FLIP which can be used to farm CAKE and SYRUP tokens. Liquidity providers can stake their tokens on the farm to get the CAKE token. PancakeSwap facilitates the seamless trading of BEP20 tokens on the Binance Smart Chain and rewards liquidity providers with fees. Users can stake CAKE, earn CAKE, and swap CAKE for other tokens on its protocol.

Big Eyes (BIG EYES)

Big Eyes (BIG EYES) is a DEFI community token aiming to increase users’ access to decentralized finance protocols. The project will also funnel liquidity into DEFI using its token, which it will make available to its users. To place the project in the hands of its community, Big Eyes will make 90% of its tokens available at launch. Furthermore, the project will reduce the barrier to entry and allow more users to access DEFI by eliminating all complexities. Big Eyes will also be involved in charity events and outreaches, as 5% of the token’s supply will be held in a charity wallet.

The BIG EYES token plays an important role in the ecosystem and will allow users to get the most out of the DEFI ecosystem. Join the ongoing BIG EYES presale to earn bonuses in any of the presale stages. Also, you can earn bonuses by inviting your friends to purchase BIG EYES tokens. Start stacking those bonuses today!

 

Big Eyes Coin (BIG)

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

2023 Election and the Challenge of Supporting Younger Presidential Candidates

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In advance of the general elections in 2023, the Independent National Electoral Commission released the complete list of candidates for a number of national positions. Currently, some Nigerian socio-political groups are debating what will happen to candidates who have been marked by the electoral body with court orders. Political scientists and public affairs analysts are debating the gender disparity that has been identified as well as the complete disregard of political parties for the inclusion of candidates with disabilities.

According to the electoral body, “In summary, all the 18 political parties have fielded candidates and their running mates for the Presidential election. For legislative elections, 1,101 candidates are vying for 109 Senatorial seats and 3,122 candidates for Federal Constituencies i.e. House of Representatives seats, making a total of 4,223 candidates contesting for 469 legislative positions.

“In terms of gender distribution, 3,875 candidates are male, made up of 35 for Presidential and Vice Presidential, 1,008 for Senate and 2,832 for House of Representatives. Similarly, 381 females comprising 1 for Presidential, 92 for Senate, and 288 for House of Representatives are contesting. There are also 11 Persons with Disability (PWDs) in the race.”

Overall, discussions remain highly intellectual and intriguing ahead of the presidential election, which has been described as the most open election because the candidates of the three dominant parties (APC, PDP, and LP) have a clear chance of entering the presidential villa in 2023. Aside from that, our analyst looks at the age of the candidates presented by 18 political parties for presidential and vice-presidential positions. According to our data, the total age of the 36 candidates presented by the parties is 1,964 years. The average age of the president and vice-president is 54 years and five months.

According to the analysis, 17 of the 36 candidates (47.22%) are older, while 19 (52.77%) are younger. In the context of this piece, older refers to candidates with a higher number of years for age classification, whereas younger refers to candidates with a lower number of years in comparison to other candidate (presidential or vice presidential) from the same political party. According to the analysis, 18 of the 19 younger candidates are male, while all 17 older candidates are male. The data revealed one female younger candidate.

The 18 vice presidential candidates have a combined age of 930 years, compared to the 1,034 years of the presidential candidates. The average age of presidential and vice-presidential candidates, according to average analysis, is 57.44 and 61.66 years, respectively.

The combined age of the 17 male older candidates is 1,023 years, while the age of the 18 male younger candidates is 897 years. The only female candidate is 44 years old. Fourteen of the 17 older candidates have a total age of 845 years and are running for the presidency, while the remaining three candidates have a total age of 178 years. Four of the 19 younger presidential candidates have a total age of 189 years, while the remaining 15 candidates with the same age disparity and vying for vice presidential position have a total age of 752 years.

Exhibit 1: Cumulative Age of Presidential and Vice-Presidential Candidates

Source: Independent National Electoral Commission, 2022; Infoprations Analysis, 2022

Exhibit 2: Age of Presidential and Vice-Presidential Candidates

Source: Independent National Electoral Commission, 2022; Infoprations Analysis, 2022

Analysis shows that the People’s Redemption Party and Action Alliance are closer to and within the average age of all candidates, respectively, across political parties and positions. According to our analyst, candidates from these political parties stand a good chance of winning if voters decide that electing a younger president and vice president will be better for the growth and progress of the nation. However, the candidates would not be on many voters’ minds in 2023 due to issues such as being smaller parties, a lack of resources to mobilize voters, and low recognition.

Exhibit 3: Political parties and their closeness to average age of presidential and vice-presidential candidates

 

Source: Independent National Electoral Commission, 2022; Infoprations Analysis, 2022

Nigeria first before the political party, candidate, or membership

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An old English jurist, Lord (John Allsebrook) Simon will say that our political system will only work as long as responsible people in different parties (political actors) accept the view that it is better that the other side should win than that there be the breakdown of law and order.

With 157 days from this day (20-9-2022) to the general election and just 8 days to the kick-off of official political campaigns and rallies, politicians and their teaming number of supporters are advised to imbibe the spirit of sportsmanship and patriotism as they go about the political activities. Each and every one of them should have in mind that it is “Nigeria first” and all actions must portray that the positive change of the society is why there is the provision for these electoral processes by the laws of the land.

Responsible people in different parties with different political views should see to it that it is in everyone’s best interest to see that the law is abided and the constitution is never broken even if it incurs losses to their political parties or at the detriment of their political view, in as much as they incurred that losses resisting the urge to break the laws, they are heroes and patriots of the constitution.

When political actors put Nigeria first then everyone, each of them will act within the spirit of the law and its morality while they go about their political activities this season.

Everyone (candidates, members of political parties, and voters) should know that it is Nigeria first before political views or political ideologies. It is Nigeria first before political candidates or political membership. This is how patriots and heroes of democracy think and act.

The Nation first! 

The INEC has taken the pain to highlight rules of engagement that political actors and their supporters must memorize and keep to their hearts for the conduct of their political activities before, during, and after the 2023 elections. Some of these codes of conduct include:

-All Political Parties shall abide by all the Laws, rules, and regulations of Nigeria relating to elections and the maintenance of public order.

– All Political Parties shall at all times uphold the rights and freedoms of the Nigerian people, as guaranteed by law.

-All Political Parties have the right and freedom to put forward their views to the electorate without hindrance from other oppositions. 

-Political parties shall respect the rights of all participants in an election.              

-No Political Party shall use State apparatus including State-owned print and electronic media to the advantage or disadvantage of any other Political Party or candidate at an election. 

-No Political Party shall engage in violent activity or intimidation of any kind, as a way of demonstrating its strength or supremacy. 

-Every Political Party shall at all fora and at all times avoid defamatory, derogatory, and insulting attacks on rival parties or individual personalities through any form of communication, verbal or written.

-During campaigns, No political Party or candidate shall resort to the use of inflammatory language, provocative actions, images, or manifestations that incite violence, hatred, contempt, or intimidation against another party or candidate or any person or group of persons. 

– All Political Parties shall take all necessary steps to coordinate their campaign activities in such a way as to avoid holding rallies, meetings, marches, or demonstrations close to one another at the same time. 

-No Political Party or candidate shall prevent other parties or candidates from pasting their posters or distributing their leaflets, handbills, and other publicity materials in a public place. Etc 

In general, these codes of conduct point toward one direction which is; that “all political activities should be conducted within the bounds of the law and political parties should make sure that their members adhere to the rules of engagement and other electoral laws as it has been provided by INEC and other relevant regulatory statutes”.

This is in fact the period when the electorates and eligible voters should pay rapt attention to political activities. Any political party that conducts its activities outside the regulation provided by the electoral laws during its campaign or any other political activity has shown a clear sign that they are breakers of the law and if elected will be associated with impunity, foul play, and total disregard / disrespect to the rule of law.

Charity, as they say, begins at home and this is the time for political parties to prove to electorates that they are upholders of the law starting by not breaking any electoral laws as provided by INEC and other relevant regulatory laws during this period.

If no one abides or plays by the rule of the electoral laws, laws will be undermined and this will lead to anarchy but if politicians put Nigeria first even at the detriment or loss of their political parties then Nigeria will be on the smooth ride this political season, free from electoral vices.

May Nigeria succeed.

No, a police officer is not allowed to slap a citizen

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A police officer search Catholics before they attend a Mass to celebrate Good Friday in Abuja, Nigeria Friday, April 18, 2014. Nigerian Catholics joined Christians around the world in celebrating Holy Week ahead of Easter Sunday. (AP Photo/ Sunday Alamba)

A video was trending last week of two boys assaulting a police officer; they brushed down that police officer as they were shuffling and shouting at themselves. 

Reacting to this video, the Public Relations Officer of the Police Force Headquarters, Mr. Muyiwa Adejobi stated thus on his Twitter page: “Even if a policeman on uniform slaps a civilian, the civilian has no right to retaliate more so if he is on his (official) uniform, it is an act of disrespect to Nigeria, to beat an officer on a police uniform,  the disrespect is not to the policeman but to our nation and its a crime as enshrined in our criminal laws”. 

If I understand his tweet properly, he is trying to put it out there that a police officer on duty is not acting in his (personal) capacity, rather, that police officer is acting in his official capacity as a law enforcement agent of the country and therefore acting on behalf of the federal republic of Nigeria and every respect and honor that is to be accorded to the federal republic of Nigeria should as well be accorded to that officer.

This force Pro line of thought although reasonable but is to some extent flawed and I beg to respectfully disagree with him to some extent.

In as much as a police officer is acting on behalf of the government, no law anywhere empowers a police officer or any other law enforcement agent to slap or assault a citizen under any circumstance. He is not even allowed to slap or assault a suspect or an accused person. If he does, he has committed a crime punishable under the Nigerian laws and if a citizen assaulted or slapped by an officer decides to retaliate in the heat of the moment, they can only at best be tagged as “two fightings”. 

This statement of the force PRO is more like an encouragement to officers to assault citizens because they know they are serving the government and the citizens cannot retaliate or assault them back. 

This is what the criminal code act of Nigeria has to say in Sections 351, 354 and 355. 

  1. Punishment of assault.                            Any person who unlawfully assaults another is guilty of a misdemeanor, and is liable, if no greater punishment is provided, to imprisonment for one year.
  1. Assaults on person protecting wrecks.      Any person who unlawfully assaults and uses actual violence to a peace officer or any other person while acting in the execution of his duty in or concerning the preservation of a vessel in distress, or of any vessel or goods wrecked or stranded or lying under water, is guilty of a felony and is liable to imprisonment for seven years.
  1. Assaults occasioning harm.                    Any person who unlawfully assaults another and thereby does him harm, is guilty of a felony and is liable to imprisonment for three years.

There is no exception or exemption to this crime. If a police officer slaps or assaults a citizen during the course of his duty, that police officer will not be exempted or excused because he is an officer of the law, he has committed a felony and will also be duly prosecuted.

Citizens are encouraged to respect law enforcement agents and the intent of this post is never to make an excuse for any form of uncivilized behavior by any person against officers of the federal republic of Nigeria, but actions call for reaction, therefore, law enforcement agents are also expected to be civil and uphold the highest form of decorum while discharging their statutory duties as they will never be exempted from prosecution if they commit any crime in the discharge of their duties.

Nigeria Labour Congress, Do Not Fall for It

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In every part of the world, politicians are united by one thing: deliver goodies just ahead of elections. So that is the case of Nigeria. Come on people, we are claiming that we have no money to pay striking university academic workers, but we’re already opening a new angle to increase salaries across the board.

I support paying workers well but I will tell Labour Union leaders one thing: do not post-date any agreement. Yes, those poison agreements which begin a week into a new administration. If the current government cannot back-date any agreement by three years (lol), it is simply setting up the next government for failure. Do not fall for it!

The debate right now should not be increasing salaries for government workers. Why? Politicians will sign anything for votes knowing that it is the next government that will carry the burden. Did you read that proposal by the minister that fuel subsidies should end in June 2023? Get the idea – the administration she serves ends on May 29, 2023!

Nigeria Moves to Increase Workers’ Salaries, But How Feasible?