WannaFollow Announces ICO Launch

TAMPA, Fla., May 05, 2022 (GLOBE NEWSWIRE) — WannaFollow, the social media giant, is launching the much-anticipated ICO (Initial Coin Offering) today. Individuals now have an option to purchase lucrative tokens giving them ownership of the site. Founder Roger Safont says, “Since 2016, WannaFollow has given access to all media channels for its members.” By channeling the power of all their social media accounts into one dynamic online Splash Page, users can be updated on all their favorites, bringing all their favorites’ social media updates to one place.

The launch of the WannaFollow ICO will be a gamechanger for social media by facilitating authentic brand integrations, self-expression through digital identity, and the growth of a Creator talent pool. The decentralized approach to a shared economy provides a community platform where members can brand and market themselves, as well as monetize their content.

Content creators producing engaging content shall be rewarded in proportion to the engagement their content creates. Blockchain-backed payments give content creators the ability to be compensated with WannaFollow tokens (WNF), the native payment method, which can be used to purchase products and services on the platform and ecosystem or leverage on the various exchanges. Developers who provide improvements to the platform, either in the form of incremental features and functionality or identification and help in resolving issues, will receive awards via WNFO (WannaFollow Security Tokens) tokens for their efforts.

Every individual holding WNFO tokens retains voting rights to direct the future of the platform. This new approach will make it possible for members to own a piece of the platform and participate in its governance by voting and directing the future state of the site.

To learn more about the ICO and purchase tokens, go to https://wannafollow.io.

About Us

WannaFollow was founded with a vision to revolutionize the way social media users stay current with the activities of those they follow across all relevant social media channels; using proprietary technology, analytics, and automation to efficiently allow users to follow anyone and to be likewise followed. For more information, visit https://wannafollow.com.

Patricia Almand, COO

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Tracking cryptocurrency news from around over the world

Most cryptocurrencies are down 7-10% today as global financial markets experience a red day

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Bitcoin has, for the first time in 2022, dipped below the psychological support level of $40,000 today reflecting the larger bearish sentiment among the market participants. Overall crypto market slid by more than 8% today as global financial markets reacted in the red to lingering concerns of interest rate hikes by the US Federal Reserve. Crypto market is expected to go lower in the next 2 weeks before a strong relief rally can bring positive momentum back. Investors are advised to remain patient as Q1 2022 promises to be a volatile ride. However, these prices may also indicate a great buying opportunity for the future.

In this article, we will take a brief look at the events that influenced the cryptocurrency markets this week.

Regulations and Hacks in Crypto

Russia, home to a thriving crypto mining industry, has proposed a blanket ban on the use and mining of all cryptocurrencies. The Central Bank of Russia has claimed that crypto resembles a pyramid scheme and undermines the sovereignty of monetary policy. Already having banned the usage of crypto for payments, the bank stated that mining is hurting the country’s green agenda and endangering Russia’s energy supply. It is imperative to note that more than 7 trillion rubles ($92 billion) of assets are held in about 17 million crypto wallets in Russia.

Crypto.com, a Singapore-based crypto exchange, faced a security breach this week after several users made complaints that their assets were stolen. According to estimates, around $34 million has been compromised due to transactions that were being authorized without the two-factor authentication (2FA) control being entered by the user. The exchange has credited all the lost coins to its users.

NFTs gain traction

One of the biggest challenges for mainstream adoption of non fungible token (NFTs) has been the current complexities associated with buying and selling a NFT as most of the existing NFT marketplaces only support crypto payments. To tackle that, US-based cryptocurrency platform Coinbase has announced that it is working with multinational financial services firm Mastercard to allow users to buy NFTs using cards.

Twitter launched a tool yesterday through which users can display their NFTs as their profile pictures. The feature is currently available only on iOS that allows users to connect their twitter accounts to crypto wallets that contain the NFTs. Twitter will display NFT profile pictures as hexagons as opposed to circles that are available to other users. Following suit, Meta is also looking to capitalize on the NFT craze as news sources claim they are developing ways to create, display and sell NFTs on Facebook and Instagram. Meta is also reportedly working on a marketplace to buy and sell NFTs.

Bored Ape Yacht Club (BAYC), the NFT art which had recently caught the attention of many celebrities all around the world continues to impress more as top tennis player Serena Williams and football star Neymar Jr posted BAYC apes in their twitter accounts. Neymar paid $1 million for the NFT while Serena seems to have received it as a gift.

NY Mayor Gets Bitcoin

New York City Mayor Eric Adams has announced that his first paycheck will be automatically converted into cryptocurrency via Coinbase Global. The Mayor had said last year that he would receive his first three paychecks in Bitcoin and vowed to make New York a centre of crypto innovation.

Disclaimer:This article was authored by Giottus Cryptocurrency Exchange as a part of a paid partnership with The News Minute. Crypto-asset or cryptocurrency investments are subject to market risks such as volatility and have no guaranteed returns. Please do your own research before investing and seek independent legal/financial advice if you are unsure about the investments.

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