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Home Blog Page 4914

Meta Handed $402m Fine for Exposing the Data of Teenage Instagram Users

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Meta has once again been caught in the web of a regulatory authority in Ireland. The social media behemoth, which has over the years been at the center of antitrust probes, was handed €405 million (about $402 million) fine by Ireland’s Data Protection Commission.

The huge fine follows an investigation into the company’s handling of teenagers’ data on Instagram.

The Verge reports that the decision and fine were finalized last Friday, according to its conversation by DPC spokesperson Caolmhe McGuire, and that “full details of the decision will publish next week.”

According to the report, the DPC’s deadline for making a final decision on this matter was the end of this week. The investigation started almost two years ago, and focused on two ways in which the company allegedly breached GDPR rules.

The first was Instagram allowing young users, ages 13-17, to set up business accounts on the platform, which made those users’ contact information publicly available. (Users sometimes switch to business accounts because doing so comes with access to more engagement analytics.) Instagram also allegedly made the accounts of some young users public by default.

This is the third and largest fine the DPC has imposed on Meta, easily eclipsing the 225 million euros (about $267 million at the time) the company faced after the DPC found that WhatsApp didn’t properly inform EU citizens about how it collected and used their data, particularly regarding how it shared that data back with Meta. WhatsApp was ordered to change its privacy policy, and said it planned to appeal.

There was also a much smaller fine of 17 million euros (about $18.6 million) for record-keeping issues around security breaches. The DPC also has dozens of other investigations underway against Big Tech companies, including several more involving Meta’s data practices.

Meta said in a statement to Politico that it updated the public-by-default setting more than a year ago, and that “anyone under 18 automatically has their account set to private when they join Instagram, so only people they know can see what they post, and adults can’t message teens who don’t follow them.” The company told the Associated Press that “we disagree with how this fine was calculated and intend to appeal it.”

The way Meta — and Instagram in particular — handle the online experience if its youngest users has been under a huge amount of scrutiny in the last couple of years, thanks in part to Frances Haugen’s testimony about Instagram’s effect on mental health. Instagram has also simultaneously tried to build more products for those young users, which has been met with huge backlash.

Instagram head Adam Mosseri has argued in favor of this work, though: “I have to believe parents would prefer the option for their children to use an age-appropriate version of Instagram — that gives them oversight — than the alternative,” he said last year. He promised to work with regulators to make that happen, and Meta said it also cooperated with the DPC’s recent investigation.

Big Eyes Coin is Redefining — and Providing Solutions To The Sandbox and Fantom

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For every species to survive, evolution is an inevitable process. Human society’s monetary system has been shaped by evolution. From the trading and barter system to the use of coins and cowries to fiat economics, the most recent and current system, the erratic change in how humans conduct transactions can be termed a wonder. However, a new form has emerged, and it appears to represent the future of currency exchange, which is the Cryptocurrency or digital currency system created in recent years (2009).

Cryptocurrencies are a new form of financial exchange. The primary motivation for developing cryptocurrencies is the need for fast, cheap financial transactions. Moreover, cryptocurrencies were created to introduce a level of parity that traditional currencies could not provide. Common examples include The Sandbox (SAND), Fantom (FTM), and Big Eyes Coin (BIG). Big Eyes Coin (BIG) has left a massive notch in the crypto market’s great wall, even though it is still in the works. Big Eyes Coin (BIG) has been designed to bring about better transactions even among digital currencies.

It’s Not Just The Kids That Meet In The Sandbox (SAND)

Pixowl released The Sandbox in 2011 to create a mobile gaming platform that could compete with Minecraft. Since its release, The Sandbox has become a global phenomenon, with more than forty million downloads. In 2018, The Sandbox’s co-founders Arthur Madrid and Sebastien Borget decided to broaden the initiative’s scope by investigating the possibility of developing a 3D metaverse on the blockchain. This initiative aimed to give users a means of taking legal title to their work through Non-Fungible Tokens (NFTs) and rewarding their participation in the ecosystem. Along with Axie Infinity and Decentraland, the new Sandbox project saw explosive growth after its release in 2020.

The Sandbox’s native token, SAND, is named for the virtual playground it represents. The supply of Sandbox tokens, denoted by the symbol “SAND,” is capped at 3 billion. The Sandbox (SAND) is a utility token that may be used to conduct any action or interaction within The Sandbox ecosystem. To participate in the game, create an avatar, purchase land, or exchange assets on the Sandbox Marketplace, one must have The Sandbox (SAND) token. Through The Sandbox platform’s Decentralized Autonomous Organization (DAO), token holders can suggest and vote on improvements to the system.

The Sandbox’s native cryptocurrency can be won or purchased on The Sandbox’s various games and contests or cryptocurrency exchanges like Binance. Tokens like SAND, LAND, and ASSETS are used across The Sandbox’s ecosystem to facilitate player interactions.

What is Fantom (FTM)? And How Does It Work..

Ahn Byung Ik, a computer scientist from South Korea, founded Fantom in 2018. Before launching Fantom, Ahn was president of the Korea Foodtech Association and the founder of the popular Yelp-like website SikSin. When 2019 rolled around, Ahn decided to leave Fantom. The Fantom Foundation, a company based in the Cayman Islands, has been in charge of the Fantom project since February 2019. There are a total of twenty-eight engineers, scientists, researchers, designers, and entrepreneurs making up the Fantom Foundation.

Fantom (FTM) is the native cryptocurrency of a smart contract blockchain network by the same name that rivals Avalanche, Solana, and incumbent market leader Ethereum. It is popularly known for its user-friendly low transaction cost and impressively high speed. Fantom, also known by its ticker FTM, launched in 2019, but the token didn’t gain much traction until 2021.

Fantom is a blockchain platform for smart contracts that aims to be more efficient and less expensive than platforms like Ethereum. For its operations, Fantom borrows a directed acyclic graph (DAG) from Hedera Hashgraph rather than Ethereum’s blockchain. Directed acyclic graphs (DAGs) are graph representations of blockchain hashes, which record and display transaction histories. Lachesis, Fantom’s proof-of-stake consensus method, is decentralized, unlike Ethereum’s PoS. This implies it doesn’t have to wait for batches of incoming transactions before it can start processing them but rather may do so immediately.

Until the Ethereum blockchain was backed up, Fantom (FTM) had been humming at roughly $0.20 for about two years. This prompted a surge in interest in similar intelligent contract platforms, such as Fantom (FTM). In October 2021, it peaked at $3.18, and by spring 2022, it had fallen to below $1. Although not as precipitously as Fantom, the tokens of other “Ethereum killers” such as Solana and Avalanche also declined.

The Extraordinary Cat – Big Eyes Coin (BIG)

Big Eyes is a full-fledged community token designed to move capital into the Decentralized finance (Defi) ecosystem and safeguard a vital component of the global ecology. Big Eyes transactions are performed using the Big Eyes token (BIG).

Big Eyes Coin (BIG) aims for a self-sustaining model while giving abundantly to the rapidly expanding Decentralized Finance (Defi) system. Big Eyes (BIG) token holders and users can employ NFTs integrated into the system’s design, which is governed by the Ethereum blockchain, to gain access to events incredibly beneficial to them. As a result of this layout, the platform’s performance in the market will be much improved, attracting a large user base.

As a means of improving the network and ensuring that users have easier access to events and competitions, Big Eyes is working to develop a blockchain ecosystem that will experience hyper-growth through NFTs. With the help of BIG tokens, users of Big Eyes can take part in a wide range of Non Fungible Tokens (NFTs) activities. Changes in the seasons can bring about these phenomena.

Because the Big Eyes community cares about its members and future members, 90% of all Big Eyes Coins (BIG) are made freely available to the public. The buying and selling of tokens on Big Eyes are performed without incurring any taxes. Big Eyes, the friendly cat, is concerned about the environment and donates 5% of the tokens to a good cause. The proceeds from selling these marine sanctuary-benefiting wallets go directly to those institutions. Increased profit for their clients or members and environmental protection are two of Big Eyes’ primary concerns.

Your Thoughts Matter To Big Eyes Coin (BIG)

Big Eyes is a meme coin that, in contrast to the canine mascot used by most other meme coins, features a cat mascot to depict a quirky but lovable character. Big Eyes hopes to show how meaningful friendships are to them. Blockchain technology and the decentralization of money, as stated by Big Eyes, will not progress in a vacuum or secret. The only way this may occur is if people talk to each other and share information. Big Eyes is the one who thinks these concepts need to be spoken freely to go forward. If you want to get somewhere quickly, go it alone; if you want to get somewhere far, go with a group.

The Team Behind Big Eyes Coin (BIG)

Unlike other crypto coins, the Big Eye coin is managed by a dedicated staff who sees that the community’s demands are met. Among these are Hype Cat (also known as HypePurr), who monitors the site to ensure that ale cats work hard for their pay. Tech Cat is responsible for the seamless operation of the platform because it has spent its entire life in the matrix. Op Cat (also known as TenPaws and Catsuit) is a hard worker who gets things done. Top Cat (PawZilla) is a hard worker and a busy bee. The team’s final member is Law Cat, who has more crypto knowledge than anyone else on the site.

Big Eyes Coin (BIG) Roadmap

The Big Eyes Coin (BIG) implementation approach was created to improve the project’s financial viability. At each level, the goals and methods vary widely. Under the “crouch stage” banner, we are introducing the presale website, running the presale, and making a media spectacle. In the second “jump” stage, we will launch the token on Uniswap (UNI), establish the retail store, give the first charitable gift, acquire 20,000 holders, give out NFT samples, and execute the token swap lifespan. Distribution of NFTs, a second generous donation, 50,000 token holders, larger-scale media stunts, etc., will all occur in the third and final phase, dubbed the “run stage.” The catwalk stage is the fourth and final phase. There will be community events and a donation of $1,000,000 to local organizations to assist forge closer links in the area.

What You Should Do to Get the Big Eyes Coin (BIG)

To acquire Big Eyes tokens (BIG), you may do one of the following:

Phase one: To get started, get wallet software, such as the trust wallet app or MetaMask, on your computer.

Phase two: Use your wallet browser to visit the site and purchase BigEyes. Complete the online form and submit it. Choose a token from your wallet that you’ve acquired and spend it.

Phase three: As soon as the presale closes, your Big Eyes tokens (BIG) will be added to your wallet.

Cryptocurrencies are the way of the future when making financial transactions and spending money. In the same way that cryptocurrencies are a lot of money, Big Eyes Coin (BIG) is the future of crypto.

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Twitter: https://twitter.com/BigEyesCoin

Reasons To Invest In Meme Coins For A Profitable Q4

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With the last quarter of the year around the corner, investors are reassessing their portfolios and looking for profitable alternatives. Contrary to the image built around meme coins, they have historically proven to emerge as beneficial, especially in times of market turmoil.

There are many reasons to invest in a meme coin and historical case studies that might validate your decision to invest in such cryptocurrencies. Moreover, there is an emergence of meme tokens like Carlossy Caterpillar (CARL) that also offer utility and promise profits.

Why Invest in Meme Tokens?

Meme coins are cryptocurrencies that are usually built around a joke or a humorous social media trend. In its very essence, a meme coin has a great marketing strategy in place. Such cryptocurrencies are also a brilliant example of how the word of influencers and promotion by retail investors can change the course of the market altogether.

The first ever meme coin was Dogecoin (DOGE) and it was built in 2013 as a joke based on a meme. Elon Musk started tweeting about it, which helped it gain popularity, and ordinary investors flocked to buy it in large quantities. To date, Dogecoin has managed to make its way to the top 10 cryptocurrencies in terms of market capitalisation. It is the only meme coin in the said list.

Even though investing in meme coins has the potential to be profitable, doing so can be a bit risky. One might turn a profit if the acquisition of tokens happens at the ideal moment. Focusing on investments that are anticipated to do well over the long term is a superior strategy. This could be achieved through some market research.

Carlossy Caterpillar (CARL) Rescues Investors From The Market Dip

Carlossy Caterpillar (CARL) claims that it is leveraging the popularity of meme coins to build a decentralised token that enhances the blockchain ecosystem. With a simple and playful-looking cryptocurrency, the Carlossy caterpillar network wants more and more people to get involved with the blockchain market.

Hence, it is ideal for people who are trying to venture into crypto investments as this token is easy to understand and use.

The network has kept aside a huge percentage of its token allocation for product research and development which has gained the faith of early investors. Given its emphasis on developing a utility-based meme coin, Carlossy Caterpillar (CARL) is exhibiting the potential to be the next big thing in the crypto market.

How To Invest In Carlossy Caterpillar (CARL)

This cryptocurrency is currently in its presale phase and can be acquired across multiple DEXs before it launches across a range of CEXs. Moreover, the token comes with bonus offers wherein if you buy it on a certain blockchain or acquire it quickly after signing up, you will earn a free bonus on the tokens. This could be one of many reasons to invest in Carlossy Caterpillar (CARL) immediately.

It is highly advisable to carry out some personal market research before locking down investments in digital assets.

Carlossy Caterpillar (CARL)

Presale: http://carl.carlossy.io

Website: http://carlossy.io/

Telegram: https://t.me/CarlossyCaterpillarOfficial

Feed3 is Bringing Innovation that Could Lead to 1000x Profit Compared to What Litecoin and Polygon Can Provide

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Cryptocurrencies were introduced because of a desire to innovate, transform the financial sector and bring power back into the hands of the people. The innovation within Decentralized Finance (DeFi) has continued in the years since with cryptocurrencies like Litecoin (LTC) and Polygon (MATIC) being created to fill gaps and improve the industry. Another cryptocurrency wants to join these big names with a unique idea that might bring a lot of success. Feed3 (FD3) is a new cryptocurrency that wants to improve the web 3.0 decentralized apps (dApps) and games by providing a never before seen feedback mechanism that allows users to earn and provides developers with proper feedback.

Polygon (MATIC): the Perfect Scaling Solution

Intending to resolve the key issues that plagued the Ethereum blockchain while retaining its security, Anurag Arjun, Sandeep Nailwal and Jaynti Kanani created the Matic Network in 2017. It was rebranded as the Polygon Network in early 2021. Polygon serves as a sidechain to the Ethereum blockchain. It helps reduce congestion on the Ethereum blockchain by transferring some of its transactions to other polygon sidechains. After processing multiple transactions, all these transactions will be bundled together and written to the Ethereum blockchain at once. Transactions on the Polygon network are performed using Polygon (MATIC) tokens and through a process called bridging, users can convert their Ethereum (ETH) tokens to Polygon (MATIC) tokens for use on the Polygon network.

Ways to Buy Polygon (MATIC) Tokens

On Decentralized Exchanges (DEX), interested users can exchange their cryptocurrencies for Polygon (MATIC) tokens. Additionally, Polygon (MATIC) tokens can be purchased with fiat currencies on Centralized Exchanges (CEX). Another way to get Polygon (MATIC) tokens is by bridging Ethereum (ETH) tokens.

Litecoin (LTC): The Original Altcoin

A fork in the Bitcoin blockchain led to the creation of Litecoin (LTC), a Decentralized Finance (DeFi) cryptocurrency, in 2011 by Charlie Lee, a former Google engineer. It was designed to address issues that existed on the Bitcoin blockchain and be a lighter and cheaper alternative to Bitcoin (BTC). Thanks to Scrypt (pronounced es-crypt) which is Litecoin’s hashing function, transactions using Litecoin (LTC) take 25% of the time when compared to Bitcoin (BTC) and they are significantly cheaper. Both blockchains use the proof-of-work consensus algorithm but compared to Bitcoin’s SHA-256 hashing function, Scrypt is lighter, requires less processing power, and is generally more efficient.

How to Buy Litecoin (LTC)

Litecoin (LTC) has a broad range of applications and uses thanks to its popularity and stability. It is available on most of the popular CEXs for purchase using fiat currency. Users can also swap their cryptocurrencies for Litecoin (LTC) on most DEXs.

Feed3 (FD3): Bringing More Innovation to GameFi

Feedback is an invaluable source of data that can give developers focus and direction but a lot of developers struggle to improve their games and apps in ways that will appeal to their audience because of a lack of feedback from the audience. Feedback usually only comes when something really bad happens and the developers are already losing members of their community. With the new Feed3 feedback system, this problem will become a thing of the past. Feed3 is the first ever web 3.0 audio feedback tool. With Feed3, users can record and submit feedback while playing their blockchain-based games or using decentralized applications (dApps).

As an incentive, users who provide feedback will receive Feed3 (FD3) tokens which are the native cryptocurrencies of Feed3. This feedback-to-earn (FB2E) model can provide users with a second income channel. With this, the developers will receive lots of authentic and useful feedback. Everybody wins with the Feed3 system. But, how will this system work?

How Does Feed3 (FD3) Work?

With the Feed3 feedback system, users can provide immediate feedback on any blockchain game or app. All the developers have to do is incorporate Feed3 technology into their UI/UX design. As an example, after completing a play session in a blockchain-based game, users will have the option to share their feedback with the developers through the Feed3 system. Players can then record their feedback in plain English and earn their Feed3 (FD3) tokens after submitting their feedback.

The developers can then use this feedback to improve aspects that players want instead of just swinging blindly and hoping for the best. Targeted updates like this can help improve overall player retention, enhance player satisfaction and improve the gameplay experience. Feed3 (FD3) token rewards are given according to the quality and length of feedback provided. To collect and organize feedback and allocate Feed3 (FD3) token rewards appropriately, Feed3 uses a deep neural network algorithm called “Freeda”.

Freeda: the Future of Feedback Collection

Freeda is a proprietary deep neural network algorithm used by Feed3 to process audio, consider different factors, and determine the amount of Feed3 (FD3) tokens to be given to each player. These factors include the length of the recording, its accuracy/precision, the emotions expressed, and the authenticity/sincerity of the recording. Users who record clear and detailed feedback with useful information will end up receiving more Feed3 (FD3) tokens. This will motivate users to provide useful information to the developers so improvements can be made.

The technology behind Freeda is similar to that used to check for authenticity and sincerity by banks and insurance companies. Freeda also measures intonation, speaking pace, and voice emphasis. Freeda also employs Natural Language Processing (NLP) technology and with it, it can process and classify audio with lightning-fast speed, identify multiple opinions with its onset detection algorithm, perform exceptional noise cancellation and prevent exploitation by scripts. To power Freeda, the team behind Feed3 (FD3) has designed an NFT collection known as intelligent NFTs (NFT).

What is an Intelligent NFT (iNFT)?

The iNFTs are a collection of 10,000 NFTs. These will be ERC-721 tokens on the Ethereum blockchain and these NFTs will be combined with the pre-trained AI language model engines that power Freeda. The iNFTs will process the audio feedback on the Feed3 system using those engines and provide users with their Feed3 (FD3) token rewards. In essence, they will be intelligent assets infused with the AI personality traits of Freeda.

The iNFTs are made up of three parts. These are:

The body, which is the ERC-721 token that represents the iNFT with an image or avatar.

The soul, which is the iNFTs intelligence level.

The mind represents the ability of the iNFT to perform tasks. This increases as the soul levels up and with each new level, higher-order tasks can be performed. The price of iNFTs will range from $2,000 to $30,000 and those with higher intelligence levels (soul and body) will be more expensive but users will be able to generate more Feed3 (FD3) tokens with them. Users can also mint their iNFTs, build them up to higher levels and sell them in the secondary marketplace to get rewards.

How Will Feed3 (FD3) Tokens be Distributed?

Feed3 is built on the Ethereum blockchain and the Feed3 (FD3) tokens are ERC-20 tokens. They have a maximum supply of 1 billion tokens and they will be distributed as follows:

  • 10% will be sold in a private sale.
  • 5% will be sold in a public presale.
  • 5% will go to the team and advisors.
  • 5% will go to marketing.
  • 15% will go to the liquidity pool.
  • 10% will be kept for operations.
  • 20% will serve as reserve capital.
  • 25% will be used for ecosystem development.
  • 5% will be used to develop strategic partnerships.

What is the Roadmap for Feed3 (FD3)?

The roadmap for Feed3 (FD3) is split into five phases.

Phase 1: in the first phase, the website will be launched and the whitepaper will be released to the public. The Feed3 team will also acquire annotated audio data and begin building Freeda.

Phase 2: here, the private sale of Feed3 (FD3) tokens will begin and so will the development of the feedback-to-earn (FB2E) model. In this stage, the blockchain partner will be selected and Feed3 (FD3) will be listed on CoinGecko and CoinMarketCap.

Phase 3: this phase is where the public presale will start. A beta version and product demo of the FB2E system will be launched and the first batch of iNFTs will be produced. This stage will also involve collaboration with influencers for marketing.

Phase 4: the development of the Feed3 dApp will begin and play-to-earn partnerships will be initiated. At this stage, Freeda will be completed and the Feed3 (FD3) token will be listed on Centralized Exchanges (CEXs).

Phase 5: this is the final phase and here, metaverse partnerships will be initiated, the Feed3 dApp will be completed, the Bug Bounty Initiative will be launched and Feed3 (FD3) will expand to other blockchain networks.

Feed3 (FD3) is a one-of-a-kind cryptocurrency and as it has been since the inception of cryptocurrencies, innovation usually leads to success. Feed3 (FD3) might provide users with profits that have not been seen in the industry yet with its innovative iNFTs and feedback systems.

Check Out Bonuses from Quilvius (QVUI) if You Have Missed Bitcoin (BTC) and Ripple (XRP) in the Recent Crypto Market Crash

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Introduction

The cryptocurrency market had been facing a rough time till the start of the year 2022 due to the recent crypto market crash. However, as the global market is stabilizing, the crypto world is gradually getting back on track.

Developers are now designing new projects to attract people to the crypto assets with the hope – that the cryptocurrencies will recover and reach the same level as before. A similar project Quilvius (QUIV), is in the initial stages and is yet to launch to address common issues faced by crypto users.

Let’s explore the world of Quilvius Network and learn more about its features. Simultaneously, let us compare the upcoming token with existing crypto giants Bitcoin (BTC) and Ripple (XRP) to check the project’s sustainability in the market.

Bitcoin (BTC)

Bitcoin (BTC) is an all-time crypto project that dominates the world of cryptocurrencies. Almost every crypto enthusiast is familiar with the quality of security, scalability, accessibility, and transparency in the transactions performed on the network.

This platform is famous for an open source blockchain network that hosts multiple crypto tokens and provides a strong base for them. It is also a reliable crypto token in the market, which is currently selling for more than $23,000 according to CoinMarketCap.

Ripple (XRP)

Ripple (XRP) is a crypto token ad blockchain network that features decentralized exchange (DEX). The developers initially designed this project to more data from central databases to an open-source platform based on blockchain technology.

The Ripple network functions as a bridging factor to connect centralized data recording systems with decentralized databases and is a valuable addition to the crypto world.

Quilvius (QVUI): A brief introduction to the project

Quilvius (QVUI) is an upcoming project that will deal with the problems commonly faced by content creators, innovators, and artists while publishing their content on a centrally controlled network.

Even with multiple technologies, people are struggling their way to find opportunities to generate income. As a solution, Quilvius (QVUI) will introduce better ways of sharing content and monetizing its efforts.

The Quilvius Ecosystem

The Quilvius ecosystem utilizes metaverse technology. Users will be free to interact with other community members, authors, and readers associated with the network. The team will also incorporate tools of augmented reality (AR) and virtual reality (VR) to make reading books an interactive and enjoyable activity.

Introducing metaverse technology in the Quilvius network will address readers’ faces while acquiring books. During the pandemic, people watched multiple series, shows, and movies on Netflix and Amazon Prime by paying them a small subscription fee. But, while reading books, users had to buy them from a nearby store, which was inconvenient and costly.

But with Quilvius (QVUI) is situation is different. Through the introduction of a decentralized application (dApp), users will be able to access an unlimited supply of books from around the globe. In return, the reader has to pay a minimal amount as a renting fee.

Conclusion

Quilvius (QVUI) is a utility and governance token that will serve as the native cryptocurrency of the Quilvius Network. It will act as a default crypto tool to create, design, claim and exchange $QUIV coins on the platform. The project will operate on Binance Smart Chain with a total supply of 1,000,000,000 crypto assets. Using the BSC blockchain will assist the users in performing secure, stable, scalable, accessible, and economic transactions within the ecosystem. The project aims to capture a considerable market share and achieve milestones in the crypto world.

To attract users, the developing team of Quilvius Network is offering bonus opportunities to users. If people use ETH coins to buy QUIV, they will receive 20% extra tokens in return. Also, if you refer people to the platform, both parties will earn $50 each after spending $200 to purchase the tokens. 

Quilvius (QVIU)

Presale: http://join.quilvius.com/

Website: http://quilvius.com/

Telegram: https://t.me/QuilviusOfficial