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The Benefits Of Investing In Toon Finance Coin

 

You may also want to invest in the Toon Finance coin, but you may also be wondering whether the investment is worth it. If so, you would be delighted to know the various benefits of investing in the Toon Finance coin. So let’s look at the different aspects of this currency.

Toon Finance Works On A DEX

A decentralized exchange platform (DEX) offers investors more flexibility by removing the need for a central authority. This system also does not require a central server for data storage. These features allow the Toon Finance Protocol to cater to investors easily because of high security and low-cost benefits.

 

Here are the top benefits that DEX compatibility offers to the Toon Finance coin:

 

1. High Security

The best part about Toon Finance operating on a DEX is that it is more secure than other cryptocurrencies on the market. This is because the lack of a central server ensures there is no specific point of attack for cybercriminals.

 

So hackers cannot get into your account easily and cause harm by stealing your funds. Besides that, cybercriminals cannot get hold of the entire funds in the exchange. This enhances security and ensures you don’t lose your money unnecessarily.

 

2. Greater Anonymity

Another benefit the DEX system offers to the Toon Finance Protocol is greater anonymity. Investors using the platform to enter the second presale and buy the Toon Finance coin can be relaxed about the safety of their personal information. This is because DEX does not require any such details, unlike centralized exchanges.

 

A decentralized platform does not require one to get to know its customers. This is why you can skip registering while making a purchase on the Toon Finance Protocol. You also don’t have to reveal your name or address to invest in this meme coin.

That is why you can remain anonymous while buying the Toon Finance coin to enter the crypto market.

 

3. Low Entry Fees

A unique feature of the Toon Finance coin is that it is new on the market yet relatively more affordable than older cryptocurrencies. This is mainly possible because of the DEX compatibility, which removes the need to involve a central authority in the transaction.

 

The lack of central authority means that no intermediate is involved in the exchange. Typically, you have to pay the exchange for the trade and your wallet service provider for storing your coins on centralized platforms. Luckily, you don’t have to worry about this issue on a decentralized platform such as the Toon Finance Protocol.

 

No middleman in the transaction means you only have to pay a minor fee to the blockchain that you are using. Besides that, there are no additional charges on the platform. You can save more money in the long term by opting for the Toon Finance coin because of the reduced entry fee.

 

4. Easy Accessibility

Some people are okay with undergoing multiple processes to buy cryptocurrency. However, you may prefer less rigorous and lengthy processes when getting your meme coin. After all, not everyone has a lot of time to spare due to busy lives because of work and other reasons.

 

This is why you would be delighted to know that the DEX system makes the Toon Finance coin more easily accessible. All you need is a good internet connection, and you can get your currency by visiting the website. 

 

There is no registration process because the platform aims to offer fast trading features. So you don’t have to worry about your time being wasted when buying the Toon Finance coin or entering its second presale.

Toon Finance Is Offering The Biggest Presale Of The Year

Toon Finance has been making rounds on different news platforms because of its high supply and demand. The coin entered the market four months ago but has already gained sufficient popularity. Its value will rise in the upcoming months while offering investors more stability.

 

The primary reasons behind the success of the Toon Finance coin are its devoted team and innovative presales. Toon Finance Protocol experienced immense success in the first stage of the presale and sold out completely within a week.

 

The second presale is live on the Toon Finance Protocol and offers benefits unlike other cryptocurrencies. The best part is that this presale is the biggest hype of the year. Developers are invested in the NFT project to bring about 10,000 Toonie characters for members.

 

Besides that, the presale also involves innovative airdrops with incentives such as free NFT Mint Passes for the first 1,000 participants. This is why you can enjoy various cryptocurrency benefits by joining the Toon Finance presale and investing in the coin.

 

So head to the Toon Finance Protocol now to join the Toonie Army and get the latest updates about this coin.

Toon Finance Coin Makes Margin Trading A Breeze

You can buy the Toon Finance coin for various purposes, such as tipping on different platforms with this currency. However, you can also use the coin for extensive purposes such as margin trading. This is an excellent option for newcomers and advanced investors because of the high-profit potential.

Buying the coin through margin will allow you to enhance your digital asset’s value because the market worth of this currency is expected to rise more in the upcoming months. This means you can easily expand your margin trading earnings by investing in the Toon Finance coin now.

One of the top ways to do this is by visiting the Toon Finance Protocol and entering the second presale. You can enjoy more profits through margin trading while engaging with the Toon Finance community and contributing to the upcoming releases of the coin.

The Toon Finance Protocol Uses Extensive Encryption To Offer Security

 

Online transactions can be worrisome at times because of the risk of an external party, such as hackers intercepting the exchange. So you may be worried about losing significant money. However, that is something you don’t have to fear on the Toon Finance Protocol.

 

The platform uses a decentralized system to make transactions easier and safer. It also offers an extra layer of protection through the SHA256 encryption that prevents susceptibility when conducting an exchange. So rest assured, no one can interfere when you’re performing a token swap on the platform.

 

Security on the Toon Finance Protocol is high with added encryption and a lack of a central server. The latter ensures that you will not experience downtime on the platform while entering the presale or buying the Toon Finance coin directly.

Investors Can Get Hold Of The Toon Finance Coin In Multiple Ways

Typically, most platforms allow you to get your cryptocurrency through a token swap. You can exchange a popular coin for a different token on the market that may be more famous or lesser known. The Toon Finance Protocol also allows you to get your currency through a token swap.

 

You can use Ethereum to get your Toon Finance coin immediately from the platform and participate in the second presale for added benefits. The best part is that the website is compatible with various wallets, such as MetaMask and Trust Wallet.

 

However, another unique feature of the Toon Finance coin is that it also offers a second option for getting your hands on this currency. You can get your favorite meme coin through play-to-earn options as well. The developers offer this flexibility to make your experience on the Toon Finance Protocol more pleasant. Toonie Team. 

 

Toon Finance Is A Meme Coin

The Toon Finance coin has many benefits for investors due to high supply and demand. Its market value will also rise with more stability in the future, so you can enjoy greater peace of mind when investing in this currency. Another benefit of this coin is that it is a meme coin, which makes it even more popular.

 

Meme coins started as a joke initially when Dogecoin came out in 2013. However, they have gained more popularity with time, and many people prefer to invest in them over other cryptocurrencies. The compatibility of the Toon Finance coin as a meme coin allows you to enjoy lighthearted trading.

 

The currency allows you to trade without making things too serious and complex for yourself. Lower prices of the Toon Finance coin also ensure you can use it for minor transactions such as tipping various service providers.

 

Using credit cards or PayPal for minor transactions is not feasible because of the high charges. However, a meme coin is excellent for such exchanges due to low fees.

 

Final Words

These are the top benefits of investing in the Toon Finance coin. The project is community-driven and combines various aspects of the cryptocurrency market. This is why entering the second presale will allow you to understand the coin better and enjoy benefits such as free NFT Mint Passes. So be sure to check out Toon Finance Protocol for updates.

 

The Advantages of an ICO Presale like Toon Finance

 

You may have heard of an ICO, or Initial Coin Offering, but what is an ICO presale? Essentially, a presale is a chance for investors to purchase tokens before the ICO goes public. This means that early investors can get in on the ground floor of a new project and potentially see major returns. But what are the advantages of investing in an ICO presale? Let’s take a look.

 

Advantages of Investing in an ICO Presale 

 

1. Discounts on tokens. One of the biggest advantages of investing in an ICO presale is the potential to receive discounts on tokens. These discounts can range anywhere from 10-30% and are a great way to get more bang for your buck. 

 

2. Access to exclusive bonuses. Some projects offer exclusive bonuses to presale investors, such as early access to certain features or invitations to private events. These bonuses can sweeten the deal and make investing in an ICO presale even more attractive. 

 

3. The ability to influence the project. As an early investor in an ICO, you will have the chance to give feedback and help shape the direction of the project. This is a great opportunity to get in on the ground floor of a new and exciting venture. 

 

4. Reduced risk. When you invest in an ICO presale, you are investing at a time when there is less risk involved. This is because the project is still in its early stages and has not yet been made public. As such, there is less information available about it, which can make it a risky investment. However, by getting involved early, you can mitigate some of this risk. 

 

5. Increased chances of success. Another advantage of investing in an ICO presale is that you are increasing your chances of success. By being an early investor, you are giving the project a boost and showing your support for it. This can go a long way towards ensuring its success down the line. 

 

6. Access to exclusive deals and perks . When you invest in an ICO presale, you may also have access to exclusive deals and perks that are not available to the general public . These can include things like early bird discounts or invitations to private events . 

 

7 . Get in on the ground floor . One of the best things about investing in an ICO presale is that you have the opportunity to get in on the ground floor . This means that you can be one of the first people to invest in a new project and potentially see huge returns . 

 

8 . Potentially high ROI . Another benefit of investing in an ICO presale is that you could see a high return on investment (ROI) . This is because you are buying tokens at a discounted price , which means that your tokens will be worth more when they are listed on exchanges . 

 

9 . Support the project from day one . When you invest in an ICO presale , you are supporting the project from day one . This shows your faith in the team and their ability to execute their vision . 

 

10 . Be part of something new and exciting . Finally , one of the best things about investing in an ICO presale is that you have the chance to be part of something new and exciting . This is your opportunity to get involved with a cutting-edge project and help it grow into something great . 

 

Overall, there are many advantages to investing in an ICOpresale including discounts on tokens , access to bonuses ,and increased chances of success for the project overall by being part of it from very beginning stages.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Accessibility & Ease- Catalysts that Boost Big Eyes Coin Past Filecoin & Solana

Filecoin (FIL) and Solana (SOL) offer a lot to their users. Still, they are experiencing a big problem, which is the problem faced by many other cryptocurrencies within the industry. This is the fact that crypto trading is challenging to get into. There are many things to learn, complicated systems, and very few cryptocurrencies with platforms that new users can look at and not get confused immediately. This is where Big Eyes Coin (BIG) wants to provide a solution.

Big Eyes Coin (BIG): There’s Something for Everyone

Big Eyes Coin (BIG) is a new meme coin with something to offer everyone. As a meme coin, it can build a strong and vibrant community, and to help this, it has one of the cutest mascots in the crypto market. Big Eyes Coin (BIG) also supports the environment and will provide support to charities with the goal of ocean conservation. Big Eyes Coin (BIG) also wants to solve one of the biggest problems in the crypto industry by providing an easy-to-use platform for new users.

Big Eyes Swap and all other systems within the ecosystem have been built up to provide the smoothest introduction to new users. Big Eyes Coin (BIG) will provide new users with a comfortable entryway with entryways in an attempt to promote mass cryptocurrency adoption. This, combined with everything Big Eyes Coin (BIG) has for its users, will make it the one-stop platform for almost all needs within the crypto industry.

Solana (SOL): The Most Promising Ethereum Killer

Solana (SOL) is a strong contender on the list of “Ethereum Killer” cryptocurrencies. These cryptocurrencies are similar to Ethereum (ETH). Still, they have different features that make them faster, more efficient, and cheaper or give them significant advantages over Ethereum (ETH) and other similar cryptocurrencies. The Solana blockchain is open source, and Decentralized Application (dApp) development supports smart contract deployment.

Solana (SOL) holders can mint NFTs or stake their tokens to participate in governance voting for the Solana ecosystem. Transactions with Solana (SOL) are significantly faster and cheaper than a lot of its competitors, thanks to its unique combination of the Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus algorithms. This unique design has made Solana (SOL) a favorite among large and small crypto traders.

Filecoin (FIL) Might be the Future of Cloud Storage

In 2017, Filecoin (FIL) raised $257 million in its Initial Coin Offering (ICO) because it was designed to push blockchain technology into a new frontier. The Filecoin Network is a cloud storage service that leverages blockchain technology to provide users with decentralized cloud storage. This approach gets rid of issues faced by centralized storage, like network congestion. It also makes cyber attacks nearly impossible because data isn’t all stored in one place.

The data on the Filecoin Network is handled by miners who are paid to store data for users. They are paid with Filecoin (FIL) tokens which is the native cryptocurrency of the network. Filecoin (FIL) is one of the most popular blockchain cloud storage services, and users expect it to have a good future.

Furthermore, the team behind Big Eyes Coin (BIG) is doing a bonus tokens giveaway. Users can use the code: BEYES173 when buying BIG tokens to obtain the bonus tokens. 

To find out more about Big Eyes Coin (BIG), visit the links below:

Presale: https://buy.bigeyes.space/ 

Website: https://bigeyes.space/ 

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Runfy May Pull Off A Successful Market Entry Like BNB And Polkadot

Several Binance-based cryptos, likeRunfy (RUNF), are on pre-sale. Runfy (RUNF) is promising to contribute to crypto evolution by revolutionizing the metaverse and creating income-generating means for users. From available information, Runfy (RUNF) will spot several features upon launching in the cryptocurrency market.

Nevertheless, crypto enthusiasts seek to know whether the altcoin can become the next big cryptocurrency. This guide will discuss the new cryptocurrency to determine whether it has what it takes to pull off a successful market entry like altcoin leaders BNB (BNB) and Polkadot (DOT).

Binance: Largest Exchange-based Crypto

BNB (BNB) serves as the fuel powering the Binance Ecosystem.
BNB (BNB) serves as the fuel powering the Binance Ecosystem.

BNB (BNB) serves as the fuel powering the Binance Ecosystem. BNB (BNB) is a successful cryptocurrency market leader with massive global adoption. At the time of writing, BNB (BNB) is the 5th largest cryptocurrency and biggest exchange-based crypto by market capitalization, according to CoinMarketCap.

Binance entered the cryptocurrency market in 2017 after raising around $15 million from its initial coin offering (ICO) at a $0.15 selling price. Since then, BNB (BNB) has grown in strength, thanks to its numerous utilities and massive adoption.

BNB can be used for paying discounted fees on the BNB Chain. The altcoin enables users to engage in peer-to-peer (P2P) crypto and NFT trading. BNB also empowers users to enjoy various decentralized finance (DeFi) activities and earn passive income.

BNB (BNB) is one of the most adopted cryptos today because of its evolutionary characteristics, fast speeds, security, and more. The altcoin is undoubtedly a cryptocurrency to buy now if you seek the best utility cryptos.

Polkadot: Web3-Focused Crypto to Purchase Now

Polkadot (DOT) is a revolutionary cryptocurrency bringing solutions to scalability and governance. Listed on CoinMarketCap as the 12th largest crypto by market cap at the time of writing, Polkadot (DOT) powers the Polkadot blockchain network’s functionality and maintenance.

Polkadot (DOT) adopts innovative crypto-based approaches to foster the development of scalable, interoperable multichain technologies. The altcoin project helps to unite and secure a growing ecosystem of specialized blockchains (parachains).

Polkadot’s (DOT) official entry into the cryptocurrency market occurred in 2020. The altcoin enjoyed a highly successful ICO, raising over $148 million from a price of $0.29 per Polkadot (DOT) token. Years later, the altcoin’s price surged to reach an all-time high of $55.88 in November 2021.

Using the Proof-of-Stake (PoS) mechanism, Polkadot (DOT) ranks among the best trading, staking, and governance altcoins. Polkadot (DOT) helps users to earn passive income through several rewards and incentive mechanisms, making it a cryptocurrency to buy now for massive gains.

Runfy: Helping You Improve Your Wellbeing

Runfy (RUNF) will drive a metaverse ecosystem where users can purchase NFT items and wearables, interact, and immerse themselves in fitness activities with professional services.
Runfy (RUNF) will drive a metaverse ecosystem where users can purchase NFT items and wearables, interact, and immerse themselves in fitness activities with professional services.

Runfy’s (RUNF) pre-sale is ongoing, pending its official cryptocurrency market launch. Runfy (RUNF) is one of the cryptocurrencies fostering the move-to-earn (M2E) mechanism—enabling users to participate in exercise activities to earn rewards.

Runfy (RUNF) will drive a metaverse ecosystem where users can purchase NFT items and wearables, interact, and immerse themselves in fitness activities with professional services.

As a Binance-based new cryptocurrency, Runfy (RUNF) will adopt BNB Chain principles, including Ethereum Virtual Machine (EVM)–compatibility and cross-chain communication. Runfy (RUNF) will have BNB Chains’fast speeds, low transaction costs, eco-friendliness, and more.

Runfy (RUNF) hasprofit-making potential, a feature to help it compete with the thousands of cryptos in the cryptocurrency market. The altcoin’s pre-sale supply is already selling out, indicating its growing popularity among crypto enthusiasts.

To attract buyers, Runfy is (RUNF) offering a 22% bonus to pre-sale buyers, depending on the crypto they utilize to buy. Also, a $30 referral bonus applies.

Runfy (RUNF) is a cryptocurrency to buy now since it has huge utility and profit potential, like BNB (BNB) and Polkadot (DOT). From all indications, it can pull off a successful market entry to become the next big cryptocurrency like both altcoin leaders. Therefore, you should consider adding the new altcoin to your wallet.

To know more about Runfy (RUNF), visit these links:

Website: https://runfytoken.io/

Enter the pre-sale:https://go.runfytoken.io/register

Telegram:

https://t.me/RunfyTokenOfficial

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.


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Big Eyes Coin Pre-Sale Gains Popularity like That of Solana And Tezos

Solana (SOL) and Tezos (XTZ) are two altcoins that gained popularity right from their pre-sales. Today, both cryptos are waxing stronger amid the bad market conditions. Like them, Big Eyes (BIG) is already selling out at a time when crypto prices are down. This article will discuss these cryptos and their contributions to the crypto industry’s growth.

Enter Big Eyes Coin – The Revolutionary Meme Token

Big Eyes (BIG) is a meme token with a difference. However, despite being a new cryptocurrency project, some experts believe Big Eyes (BIG) has thepotential to compete with Solana (SOL) and Tezos in the cryptocurrency market.

As a revolutionary token, Big Eyes (BIG) will inherit Ethereum’s (ETH) PoS mechanism. Along with this is its promise todrive wealth into the DeFi space while offeringseveral use cases.

With NFTs currently booming, Big Eyes (BIG) aims to leverage their growing popularity to build a solid ecosystem where users can participate in NFT minting, collection, and trading.

The Big Eyes (BIG) pre-sale is ongoing. So far, has raised over $7.4 million out of a possible $8.450 million, a stark indicator of crypto enthusiasts’ belief in the project.

Solana – Crypto Top Dog Rising To The Moon

Solana (SOL) is a cryptocurrency and high-performance blockchain network for creating fast and globally scalable decentralized applications (dApps).

Launched in 2019, Solana (SOL) rose to fame through an initial coin offering (ICO) that raised over $25.5 million. Today, Solana (SOL) is the 9th largest crypto and 3rd largest Proof-of-Stake (PoS) network by market capitalization, per CoinMarketCap.

Solana’s (SOL) robust ecosystem uses a hybrid consensus mechanism based on Proof-of-History (PoH) and Proof-of-Stake (PoS). The result of integrating both is a unique smart contract network that solves the blockchain trilemma, offering high decentralization and scalability without compromising security.

Solana (SOL) is a leading altcoin and is widely popular among crypto enthusiasts, developers, and traders. Solana (SOL) enables creators to build and deploy projects for Web3 or decentralized finance (DeFi), NFTs, blockchain gaming, and more.

Also, Solana (SOL) provides users with several means to earn a passive income. With the coin, users can participate in yield farming, staking, crypto lending and borrowing, crypto and NFT trading, and more. All these features, and many more, combine to make Solana (SOL) a top cryptocurrency to buy now.

Tezos Is A Big Player In DeFi And NFTs

Tezos (XTZ) is the evolutionary native crypto for Tezos, a security-focused Proof-of-Stake (PoS) blockchain for executing smart contracts.

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Tezos (XTZ) is the evolutionary native crypto for Tezos, a security-focused Proof-of-Stake (PoS) blockchain for executing smart contracts.

Tezos (XTZ) is the evolutionary native crypto for Tezos, a security-focused Proof-of-Stake (PoS) blockchain for executing smart contracts. The altcoin is a community-governed project that records fast speeds and high scalability. Tezos (XTZ) also has institutional-grade security, an energy-efficient algorithm, and more.

Tezos’ (XTZ) official launch into the cryptocurrency market occurred in 2018, after its ICO raised over $228 million. Initially, Tezos (XTZ) set out to enable users to earn passive incomes through crypto-related activities, like trading, staking, crypto lending, and more.

Today, Tezos (XTZ) enables user participation in DeFi, dApp development, NFTs, and more. As an altcoin top dog, Tezos (XTZ) is famous among crypto enthusiasts, currently ranking 40th on CoinMarketCap’s list of largest cryptos by cryptocurrency market cap.

Solana (SOL) and Tezos (XTZ) are popular, successful, and profitable cryptos largely considered among the big winners in the cryptocurrency market. Big Eyes (BIG) may be new, but it is already making a strong statement in the crypto space.

Big Eyes (BIG) is a cryptocurrency you cannot afford to ignore if you are seeking a new cryptocurrency project with the potential to guarantee huge gains. We believe the altcoin’s pre-sale popularity will help the altcoin to enjoy a surge in adoption in the months to come.

For more information on Big Eyes (BIG), visit these links:

Website:https://bigeyes.space/

Enter the pre-sale:https://buy.bigeyes.space/

Telegram:https://t.me/BIGEYESOFFICIAL

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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How This Blockchain Network Is Taking Its Power Back

Many know EOS as the blockchain that raised $4.1 billion in its Initial Coin Offering CO back in 2018 and disappeared into the shadows. After the EOS community fought a fierce battle to take its power back, the community formed the EOS Network Foundation led by community-voted CEO Yves La Rosa. He sat down with Jessica Abo to talk about how the EOS Network Foundation is building a new future.

Jessica Abo: Yves, before we get into what you’re building, I want to go back in time. Your blockchain network was on the sidelines for more than four years and has made a dramatic comeback. How did you get to this point?

Yves La Rosa:

After four years of essential stagnation, the community got together and essentially elected and reached a consensus on creating a centralized entity called the ENF, the EOS Network Foundation, as a steward of the network in order to be able to efficiently deploy capital and move the network forward.

ENF is an example of a decentralized, autonomous organization (DAO) fulfilling its promise as a management and governance structure being controlled by the community and not by a single person or a few executives. Can you explain the main advantages of a DAO over traditional management structures?

In traditional management structures, typically it’s a top-down approach. One of the advantages of that is that things can be extremely efficient, they can be centralized, decisions can be made quickly and the organizations typically can move very rapidly because the time that it takes to make decisions can be quite fast.

In the DAO, a lot of the decision-making process is spread out to those within the organization that are better positioned to make decisions. EOS as arguably one of the largest DAOs on the planet, is structured in a way to be able to on-chain leverage the functionalities of the blockchain, but in a very efficient manner to come together, reach consensus, and move the network along. It actually gives power back into the hands of the people or of the community on the network. As such, they’re able to participate in governance, they’re able to direct where the network will go as a whole and move more efficiently in that manner.

It sounds like you really believe that a commercial entity can be managed in a democratic way by a community, but what do you want to say to the skeptics?

One of the disadvantages of a DAO is that it can be incredibly chaotic, and that was one of the issues as you mentioned for the last couple of years with EOS, is that when you’re too decentralized, it can effectively paralyze an organization where the network itself or the entity itself is in such a state that it can’t move forward because of that far-reaching decentralization. In our case, reintroducing a little bit of centralization within that process, but within an accountable framework to ensure that the DAO itself essentially remains at the forefront of the entity, is something that we strive to do and we’re still striving to do daily.

Do you think it’s a contradiction for a DAO to have a CEO?

In a way it kind of is. I’m the CEO of the centralized entity that is the EOS Network Foundation. But we are at a point where we’re essentially stewards of the network and through on-chain accountability, we can be removed at any given time. Essentially the incentives are aligned so that the entity that represents the network has to actually do the bidding, let’s say, of the network as a whole. And if it doesn’t do so, if those incentives become disaligned, then there’s a very easy on-chain process for either the entity to be removed or for myself, for example, to be removed.

Looking ahead, what do you hope the foundation achieves?

In the last year that the EOS Network Foundation has been in place, we’ve essentially stabilized the ecosystem. We’ve come and taken care of the things that have been lacking over the last couple of years, predominantly developer outreach, developer funding, community funding, community outreach, a lot of the marketing, the branding around the EOS network.

In year two, what we’re doing right now is really focusing on that growth side of things. We’re expanding very much around the world in terms of employees, in terms of location, in terms of on-the-ground presence. And we’re definitely deploying a lot of capital and being able to leverage the tool that we have, the backend tool that’s been powering the network for the last couple of years, really amplifying that through that business development side of things.

What advice do you have for the crypto beginners out there? Where does one begin?

If it’s something that interests you, just start reading up on it and you’ll find that within this blockchain space, there’s a lot of different flavors that can appeal to different people in terms of what attracts you, what about this technology or about this space might be right for you and just really dive in.

One of the things is that it’s really easy to fall into that rabbit hole of information because there’s so much out there. One of the great things about this space is that it’s so nascent, in the grand scheme of things, there are very few people here. Being able to deploy time and energy, and if you actually focus within a relatively short amount of time, you can have a niche in this space. Essentially create something for yourself that very few or nobody has either that has been created before.

And what is one way people can take their participation to the next level?

Get involved in a space. Join the circuit. The space is so new, there’s room to grow, there’s room for everybody.


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SCB 10X touts digital tokens

Token X to provide range of services

SCB 10X, a subsidiary of Thailand’s oldest lender Siam Commercial Bank (SCB), is ready to make inroads in the digital token business, saying digital assets are attractive for investment and hold high potential to grow in the long term.

Token X, a subsidiary of SCB 10X, is licensed as an ICO (initial coin offering) portal by the Securities and Exchange Commission and started operations on March 23 this year, with the aim of offering full services relating to digital assets.

Digital assets is a new investment trend, said Token X’s chief executive Jittinun Chatsiharach, specifying the trend covers cryptocurrency and digital tokens.

“People are getting used to cryptocurrency, which is a medium used for payment of goods. They don’t much know about digital tokens,” she said.

“However, we believe when investors understand the asset better, they will be confident and ready to invest in it.”

Ms Jittinun said a digital token refers to an electronic data unit built on an electronic system or network for the purpose of specifying the right of a person to participate in an investment in any project or business, or acquire specific goods, services, or other rights under an agreement between the issuer and the holder.

Digital tokens can be used in many industries, she said. For example, they are currently used in real estate, film, gaming, art and entertainment industries as well as carbon credits.

Most of the digital tokens that Token X will offer investors will have an underlying reference so investors can have confidence to invest in them at an amount that suits the risk they are willing to accept and think is appropriate.

The digital asset market is inactive now because of the global economic slowdown and the rising interest rate environment, in addition to the collapse of many cryptocurrency platforms causing investors to lose confidence in this business, said Ms Jittinun.

However, the company believes that it still has growth in long-term and it would take some time for investors to regain confidence in this form of investment, she said.

So far, 10 firms have been in contact with Token X to help develop tokens for them. Their interests are in investment and utility tokens, she said.

“We are looking for support from concerned authorities in terms of measures to help reduce the cost of issuing tokens and offer more incentives for companies who are interested in issuing their tokens to attract investors.”


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Proskauer’s Cross-Disciplinary Blockchain Group Hosts ‘Digital Assets In Business And Law’ Symposium







Back in 2013, the first cryptocurrency matter hit our desks. That was the beginning of the exponential growth of our digital assets practice. Recognizing the importance of the area, we launched this blog, Blockchain and the Law. In our first cluster of posts, we covered topics such as cryptocurrency taxation, blockchain and privacy, and issues surrounding initial coin offerings (or ICOs), one of the hottest issues at that time and a practice that still garners SEC scrutiny in 2022 (interestingly, there is still no consensus around when a digital asset, outside of Bitcoin, which is considered a commodity, is a “security”).

Today, blockchain-based innovations continue apace, continuously offering new opportunities (and raising challenges). In the push toward Web3 – with its decentralized, permissionless, tokenized core – there are a variety of new technologies and innovations, from DeFi to DAOs to NFTs to fan tokens to the Merge to the metaverse. We have been privileged to work with many of the most dynamic clients in helping them build businesses around these advances.

We were thrilled to host a three-day symposium from September 19-21, 2022 to highlight some of the hottest legal and business issues affecting digital assets, featuring a full slate of discussions among our attorneys and guests from the industry. At the symposium, we programmed virtual panels across a range of topics: SEC enforcement and securities regulation of digital assets, asset manager considerations surrounding digital assets, employee compensation and benefits issues, cryptocurrency AML considerations, digital assets in bankruptcy, decentralized autonomous organizations (DAOs), and sports and media trends and issues in Web3. The final day of the event culminated in an in-person reception and a “Voices from the Industry” panel featuring an eclectic group of executives from across the digital asset space talking about issues that are top of mind. In the span of a few days, we learned a lot.

Below is a brief rundown of some of the topics covered in our seven virtual panels:

  • Securities Regulation and Enforcement in Digital Assets: The discussion took a holistic look at the SEC’s response to the digital asset industry. In the absence of Congressional action, the SEC and the CFTC have attempted to stake out their respective jurisdictions in the digital asset space. Panelists opined that better coordination of federal regulation and enforcement would be a welcome change in the future.
  • Asset Manager Considerations and Strategies: Panelists noted the growing awareness of institutional investors becoming involved in the digital assets space, evidenced by an increasing baseline understanding and comfort level and a realization that this is a new asset class and not merely an uncertain bet on coins or tokens. Echoing the prior panel, the consensus was that funds would welcome one “referee” to release concrete rules, as a lack of coherent regulation is itself a risk and can be a drag on investment. Panelists also delved into the unique diligence and risk factors for investors in this class, including custody issues, governance and investor control, valuation, certain complexities from exotic digital assets, and liquidation and redemption of investments.
  • Cryptocurrency Regulation and Enforcement: What to Expect: The focus of this panel was on the current state of AML/KYC and sanctions compliance and enforcement in the digital assets industry. The group analyzed a recent action by the U.S. Treasury Department sanctioning a cryptocurrency mixer – a non-custodial, smart contract-based software application that runs on the Ethereum platform – an action that sent shockwaves through the industry in that Treasury essentially sanctioned a technology rather than an entity. As a result, a panelist suggested that Web3 companies, virtual currency exchanges, DeFi developers and NFT platforms, as well as more traditional financial service firms that transact in crypto, reexamine potential exposure to sanctioned individuals and vulnerability to fraud and ensure that compliance procedures match these risks.
  • How Do You DAO?: Forming, Operating and Doing Business With DAOs: The discussion here centered on the importance of decentralized autonomous organizations (DAOs) creating a legal “wrapper” or real world structure early on to give it a coherent legal identity, limit the liability of participants, and facilitate various transactions and registrations in the real world. As for options, the panelists discussed several at length, including the particulars of the popular Cayman Foundation Company and DAO-specific LLC entities permitted under certain state laws. The group concluded by stressing that counterparties to agreements with DAOs should look to deal with DAOs protected by a wrapper, and given the lack of court precedent surrounding DAOs, seek additional contractual protections.
  • Beefing up Your Digital Wallet: Compensation and Benefits Issues with Cryptocurrency: This panel focused on labor and employment, tax, and sophisticated compensation issues with respect to remunerating employees with digital assets, as well as a discussion of ERISA compliance and digital asset options in 401(k) plans. The panel agreed that in these emerging areas, the trend was likely continued scrutiny from multiple government agencies, with many questions and few concrete answers. As to ERISA compliance, the panel stressed that plan sponsors should proceed with caution so as to act consistently within fiduciary standards. Recent guidance from the U.S. Labor Department stated that the agency had “serious concerns” with offering a digital asset option for 401(k) plans (e.g., the speculative nature of digital assets, lack of traditional data surrounding the investments, prevalence of cyber theft and fraud, and custodial and valuation challenges). The group closed with a discussion of the emergence of “crypto-IRAs,” or retirement investments featuring digital asset investments that may not necessarily have the protections of ERISA.
  • Sports and Media in Web3: Trends, Legal Considerations and Strategies: The panel first explored the legal and business developments happening at the intersection of sports, media and digital assets, which include use cases in fan tokens, NFTs, esports, DAO team ownership, sports ticketing, sports betting, plan-to-earn games, the metaverse, memorabilia, college athlete NIL rights, and fantasy sports, and addressed the many areas in which collaboration between business and legal teams in the Web3 space is important. The speakers conversed about day-to-day legal, business and technical considerations and emphasized how digital asset technology can improve fan experiences, expand the value of existing IP and enable new business models.
  • The Other Side of the Coin: Digital Assets in Bankruptcy: During a discussion of some recent notable bankruptcy filings in the DeFi space, the panel dove into how the restructuring laws were not written with decentralized DeFi companies in mind. This is particularly the case when determining who owns the underlying digital assets that customers may have deposited onto a DeFi platform (that may have acted in ways more than a simple digital wallet provider) and what method should be used to valuate claims on the bankruptcy estate. All of the panelists noted that investors in this space must not only understand the terms and conditions and redemption rights of any specific platform, but also must perform their own due diligence, which might include code audits, examination of the tech team, and how the process of staking works.
  • “Voices from the Industry”

    At the final day of the symposium, we hosted in our offices a diverse panel of industry executives from Web3 companies, a metaverse architecture firm, and investment managers sharing insights about trends they have observed and key lessons they have gleaned as the space has evolved. The group first took stock of the state of Web3 amid the recent downturn (or so-called “crypto winter”) and the wave of token failures and DeFi-related bankruptcies. Despite the recent challenges in the market, the panelists anticipated even more mainstream adoption, as well as growing use cases involving blockchain technologies that bring inherent value and deliver utility, and viewed the current environment as an opportunity for compelling projects to rise and differentiate themselves. Blockchain was conceived with a decentralized zeal in mind, but following the latest turmoil, the panel opined that complete decentralization may not always be the optimal structure; instead, they saw the mainstream as somewhere in the middle, welcoming a hybrid approach that can bring true innovations and remove unneeded intermediaries, yet still maintain certain oversight and protections. In closing, the panel recognized the legal and technological uncertainties in Web3, yet emphasized that businesses with a solid vision, ample financing, trusted counsel and a business that can nimbly react to the market and its own community of users and developers should “push the envelope” in this evolving space instead of taking a timid approach that awaits clarity in the muddy areas of regulation and enforcement.

    Final Thoughts

    Web3 is a dynamic space that evolves on a daily basis, with new business models and strategies continuously emerging and complex legal issues to consider on many fronts. The depth and breadth of Proskauer’s experience advising on the use of new and emerging technologies, specifically in the blockchain and digital asset space, equips our cross-disciplinary Blockchain Group with the practical acumen to counsel our clients in navigating all technical, business and legal issues that arise. We help clients understand the changing landscape, find solutions to challenges and capture opportunities. We will continue to address the industry’s biggest legal questions, such as: When is a digital asset a security? What is the right degree of decentralization and asset portability? How should due diligence be conducted differently in the blockchain and DeFi spaces? How do we protect intellectual property and brand value and mitigate risk in Web3? What does (or should) it mean to “own” a digital asset?

    We’re excited to be helping to build what’s next.

    Proskauer’s Cross-Disciplinary Blockchain Group Hosts ‘Digital Assets in Business and Law’ Symposium

    The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.


    Mr Jeffrey NeuburgerProskauer Rose LLP
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    © Mondaq Ltd, 2022 – Tel. +44 (0)20 8544 8300 – http://www.mondaq.com, source Business Briefing

    All news about THE BLOCKCHAIN GROUP

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    What the SEC’s Lawsuit Against Influencer Ian Balina Hints About Regulation

    The Securities and Exchange Commission is charging Ian Balina, a cryptocurrency influencer. The agency alleges that Balina did not file a registration statement in the offering and sale of the Sparkster SPRK tokens. 

    But it goes a but further than that. 

    In paragraph 69 of the lawsuit, the SEC says, “[investors] ETH contributions were validated by a network of nodes on the Ethereum blockchain, which are clustered more densely in the United States than in any other country. As a result, those transactions took place in the United States.”




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    Airdrops Vs Icos: Differences Explained

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    By CNBCTV18.com  IST (Published)

    Mini

    Let’s learn more about ICOs and airdrops and how they differ from one another.

    The crypto industry is expanding at a dizzying rate. Sometimes, it seems like there is a new crypto project launched every day. However, one thing that all projects, new and old, have in common is the need to raise funds and build awareness.

    This is where initial coin offerings (ICOs) and airdrops come into the picture. While both these activities are helpful for a project in several ways, they are very different concepts. Let’s learn more about ICOs and airdrops and how they differ from one another.

    What is an Airdrop

    An airdrop is an event wherein a new or existing crypto project distributes its tokens to candidates who meet some pre-decided requirements. It is a marketing strategy in which small amounts of cryptocurrency are sent to a wallet address for free or in exchange for doing particular tasks.

    What is an ICO

    An Initial Coin Offering (ICO) is similar to an Initial Public Offering of stocks. Companies use ICOs to raise funds for developing and launching a crypto/web3 project. Investors buy the project tokens at lower rates, hoping they will appreciate over time.

    Differences between Airdrop and ICO

    Motive:

    Airdrops are primarily a marketing strategy used by startups and new crypto projects. The main motive of airdrops is to raise awareness and promote a cryptocurrency project. Airdrops encourage people and investors to engage with the project and its social media channels. It can also be deployed to reward existing investors and token holders.

    On the other hand, ICOs raise funds to support the development and launch of cryptocurrency projects. The main motive of an ICO is to invite investors and raise funds for the cryptocurrency project that will be launched. Since not all startups and projects have enough wealth at inception, ICOs are a helpful way to get things off the ground.

    Method:

    The process of an airdrop begins by deciding the goals and objectives that need to be achieved. Once the objective is decided, the developers need to raise awareness about the airdrop. This usually means telling people what they need to do to become eligible for the airdrop and what they stand to receive in return.

    After this, developers need to collect information about the eligible users. This entails the collection of wallet addresses, email ids, or a snapshot of the user’s wallet balance. Once the required data is collected, the tokens are distributed from a treasury wallet.

    When an ICO is conducted, the company must first decide the coin’s structure, as this determines the price and supply of the token. Along with the coin’s structure, the company must release the project’s ‘whitepaper’.

    This document outlines the project’s aim, what the token will be used for and what it will achieve. It also discloses the number of tokens distributed to the public and the amount remaining with the founders. These details help investors ascertain the project’s scope and whether or not they should invest in the ICO.

    Eligibility:

    For a user to be eligible for an airdrop, there are specific criteria that the company can decide upon. Tokens can be airdropped to users who have taken part in a certain activity, like retweeting or posting something on Instagram.

    This is a great way for the company to promote the project and create a buzz on social media. At times, only the investors that already hold a certain number of tokens are eligible for the airdrop. The company can also randomly select users through a raffle system.

    The good thing about an ICO is that there is no entry barrier. An investor can participate in the ICO as long as they have the necessary funds. ICOs aren’t as popular now because investors have been subject to many scams. Therefore, researching the ICO, the company, and the people behind it is crucial before investing your money.

    Conclusion

    ICOs and Airdrops are both helpful in their own ways, and developers can use them to support the project at different stages of the token’s lifecycle. Airdrops and ICOs can also be a good way for investors to make returns. However, since ICOs involve putting your money on the line, a deep dive into the legitimacy and scope of the project is a must.


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