Opportunities available on Crypto blogging sites
The inflation rate, couped with rising food prices necessitated most Nigerians having alternative source of income to better survive the present hardship.
Manufacturing in Nigeria is as good as dead because Chinese goods comes cheaper than manufactured goods in Nigeria. Buying and selling also comes with it's downside as most people prefer to buy on credit and won't mind owing you without payment.
For me, the best way to get an alternative source of income is Crypto as all you need is to be better informed before you start. There are lots of Airdrops out there where you can make extra money too if you are willing to comb the internet.
There are also Crypto based blogging sites like read.cash, noise.cash that pays you based on the quality of posts you put out on this site. You can get to monetize your expertise on these sites that rewards you in bitcoincash cryptocurrency.
Above all, there's Torum, a crypto based social media platform that's going metaverse that rewards you daily for simple tasks and presently, you don't need money to start up.
Checking my wallet as an early lander on Torum, I can boast of over 3000 dollars, an amount if I earn in Nigeria annually, I'll be among the comfortable people out there. The amount I have, I got by my engagements in the forum. I've always been encouraging more people around me to get on board and embrace this life saving platform.
**About Torum**
Torum is the world’s largest SocialFi Metaverse ecosystem that is specially designed for cryptocurrency users and projects to be the bridge for full cryptocurrency adoption worldwide.
This site boast of over 120,000 members and still growing stronger daily. Presently, the price of Torum native token, XTM is above $0.2 from it's IDO price of $0.06.
The Web3.0 ecosystem is built on a social media platform, coupled with a yield farming platform for DeFi players, an NFT marketplace for crypto artists and Avatar NFT for Metaverse enthusiasts.
If you are interested in joining this forum, below is my referral link
https://www.torum.com/signup?referral_code=wumeepope
Wumeepope
Torum Ambassador
Kucoin Labs invests in Torum multiverse socialFi
After announcing it's ambition to expand this great Crypto based social media platform into socialFi Metaverse on the 27th September, 2021, Kucoin Labs showed up for the party to become one of the major strategic investors on Torum, following in the footsteps of strategic investors like Huobi ventures and others too numerous to mention.
Speaking after the signing of the strategic investment agreement, Lou, the head of KuCoin Labs stated that:
***“The beauty of Metaverse lies in its diversity. Social, Avatars, NFT collections, GameFi — Metaverse is going to change the world as we see it. This is merely the tip of the iceberg, and we look forward to support Torum’s vision to build a SocialFi Metaverse for crypto users’’***
This new strategic investment into Torum will help full divestment into an immersive and interactive Crypto based socialFi Metaverse ecosystem, pushing forward in it's major aim of becoming the bridge to worldwide cryptocurrency adoption. With this, Crypto enthusiast can access Social, Decentralized Finance, NFT, and Metaverse on Torum.
The CEO and founder of Torum, Yi Feng Go, stated that:
***“This round is a major step towards the upcoming Metaverse revolution. It doesn’t matter if you are a Bitcoin maximalist, DeFi player, altcoin trader or NFT artist. This SocialFi Metaverse is our promise of creating an open, safe and interconnected world for everyone.”***
With this new funding coming into Torum ecosystem, and the partnership Kucoin Labs will empower Torum with the connection to exclusive partners and access to premium services like Blockchain technical support, legal advice and any other things that are within the powers of Kucoin ecosystem to focus on the development of the socialFi Metaverse.
About Torum
Torum is a revolutionary, Crypto based social media platform that is poised to bring Cryptocurrency adoption to millions worldwide. The platform currently boasts of over 120,000 community members from all over the world that daily interacts in the forum. Daily, the site records over 100 new members joining this forum. With Alexa ranking in the top 50,000 and moving upward daily, Torum is set to becoming the key adoption bridge between the Crypto world and the general public.
Torum is also the first NFT infused social media platform with it's Initial Staking NFT Offering (ISNO) sold out within 24 hours. This Crypto based social media is about to launch it’s NFT Launchpad platform in coming days and go fully Metaverse.
I’m sure you will be interested in joining this Forum and here’s my invitation link for you.
https://www.torum.com/signup?referral_code=wumeepope
Custody Battle
https://read.cash/@Wumeepope/moving-on-from-heartbreak-d1ddb49d
Just when I thought all was over, my wife(as we are currently going through divorce and not divorced yet) showed up with court papers, fighting for the custody of our children and wanting me to pay certain amount of money monthly for child maintenance.
This is the same woman who didn't bat an eyelid when she left the kids with me. I asked myself before turning over the court papers to my lawyers the reason for her petition when she's aware of her negligence towards the children of the marriage? My lawyer had to make me understand she wanted money and believing she won't get it from me, she needed valid excuse to get the money.
Just when I've finally adjusted to living lives with my children, she showed up again and I wonder if there are people who don't like seeing others happy simply because they believed life must revolve around them!!
Explaining the new development to the children who are just 5 years old, the girl, who I call my little angel told me she's not willing to go stay with their mother but the boy is divided between staying with her or not.
The first hearing of the case comes up on the 8th of this month and as it draw nearer, the old, negative feelings started creeping back but knowing writing for me is therapeutic, I decided to write about it as I'm not ready to discuss this with anybody aside my lawyer.
My Lawyer has given me so much hope of triumph as here in Nigeria, custody battle between parents is always decided in the best interest of the children and not necessarily given to any of the parents because you are the mother or the father.
I believed with the little I've done for the past five months in taking care of the children and creating a better bond with them, I'll win the children's custody. I hope anyone reading this will wish me best of lucks with the custody case.
Into the Metaverse
Recently, I wrote about Torum when the membership strength hit 20,000 and I was very happy. You can see the post here
https://read.cash/@Wumeepope/over-20000-members-on-torum-99006a5d
Since then, Torum membership strength has gone past 100,000 members and this isn't stopping anytime soon.
So recently, when Torum announced it's going metaverse, even before Facebook announcement, I was happy to be among the early adopters of this great project. There's a new feel to Torum as it completely rebrand. The rebranding is from the landing page.
The sleek feel of the landing page is quite inviting and what you'll get upon signup or login is awesome.
When you have been taken to the moon as a Lander, you'll be welcome with a UI this brilliant:
Over time, Torum has become a one stop shop for anything cryptocurrency; from news, Airdrops, DeFi, NFT and NFT marketplace. Other projects Torum is working on include a metaverse Crypto lounge where you can savour the beauty of virtual reality, Torumgram a project that intends integrating Torum social media platform directly with Telegram and you can get to chat on it.
The NFT marketplace is also under development and with different NFTs Torum sold to members, this will also kick off soonest.
Presently on Torum, via Pancakeswap, you can stake your XTM token on Torum finance, and the yield from the farm is presently above what's obtainable farming other tokens. The current price of Torum XTM token is about 0.088 as can be seen in coinmarketcap
The coin was trading at $0.1 for a very long time before this recent market correction. The all time high price of XTM from coinmarketcap I is $0.1174 and the token ROI in a very short time has hit 38.14%.
With the recent announcement of Facebook going metaverse, most metaverse Crypto projects have witnessed substantial price appreciation most especially Decentraland and Torum, when fully metaverse will likely surpass this as Torum is presently available on three Blockchains; Ethereum, BSC and HECO chain.
I'll like to invite you to join Torum, where if you are an NFT artist, your potentials will be readily achieved and if you are willing to pick up XTM gem for daily interactions with great Crypto minds, this is my invitation link. Whatever you are, there's a place for you on Torum
https://www.torum.com/signup?referral_code=wumeepope
Moving on from heartbreak 💔
It is easier said than done moving on with life when you lost someone you believed you'll spend your forever with. Even when you keep repeating the lines, the things you've both shared will always remind you of such people especially when children are involved.
My house is empty now; a house once shared with my children and enstranged wife. I missed the once bubbling house and I wonder why some women prioritize immediate financial gains over lifetime happiness.
Many people have told me she'll someday regret this but what if she didn't? Someone like me didn't believe in karma and as such, I'll always wish her well if not for anything thing, for the sake of our children.
It took me a long time to get to this point and let go of all the hurt and bitterness but I've come to realised I'm better for it. If for anything, I believe my children needs me more at this trying time for a semblance of stability.
A loved one working out on you is quite similar to losing a loved one to death. People have advised I get another woman to complete the healing process but when your heart has been broken 💔 and seared with fire, getting another woman just so I can heal isn't an option for me.
Slowly but steadily, I'm getting there, learning to trust people again, see the beauty in the world and start writing again more frequently. For now, I'm grateful for the experience as it has taught me so many vital life lessons.
I earnestly do pray that anyone who's going through heartbreak will find peace and courage to move on and live life again.
Airdrop on Torum
Recently, I've come to believe Airdrop is another way of scamming people and gathering people's information, including their wallet addresses.
Airdrop has been a way people Crypto projects builds community around their project and I must confess I've been a beneficiary of this Crypto concept but scammers have exploited airdrop at compiling addresses and information of Crypto enthusiast.
The growth of Decentralized Exchanges also emboldened these scammers to lure people with Airdrops for an eventual rug pull. So recently, most Airdrops out there are scams and hardly gives out any coin.
What's the solution to this debacle? Should we stop Airdrop completely or find a way to sanitize airdrop processes same way Cryptocurrency community regulated ICO by replacing it with Initial Exchange Offering (IEO)?
I'm an optimist and I believe Airdrop can be sanitized. This is one reason I'm happy with the entrance of Torum, an NFT infused Crypto based social media into Airdrops. Torum is poised to partner with genuine projects wishing to Airdrop it's coin/token to Crypto community. This process will be preceded by thorough investigation and analysis of the project.
To this end, Torum is announcing it's first Airdrop on it's platform on August 23rd, 2021. To be eligible for this airdrop, you'll need to sign up on Torum. Once you signed up, you'll see the Airdrop icon where you can claim the Airdrop.
You can sign up by following this link
https://www.torum.com/signup?referral_code=wumeepope
Once you've signed up, go to the Airdrop page and perform the simple Airdrop tasks such as;
i. Follow the Twitter accounts of Torum and the issuing project.
ii. Join the Telegram Group of Torum and the issuing project
Once you complete the tasks successfully, click “Claim” and proceed to the airdrop form. Once filled out, submit the airdrop form and await for the reward to be credited to your wallet.
About Torum
Torum is a Crypto based social media that pride itself as the first NFT infused social media. The forum boast of over 80,000 membership and still growing. The concept behind Torum is to be the go to forum for all things Cryptocurrency.
If you are interested in joining Torum and participating in the coming Airdrop and will like to sign up on Torum, you can do by following this referral link
Waiting for you on Torum to enjoy this and many more Airdrops.
My sad story
When @MarcDeMesel wrote about African women penchant for money by following White men, what we call Aristocratic system in this part of the world, I attacked him simply because of my experience and how very rich men used their money and influence to steal the love of my life after two children.
My story is such a pathetic one as I never believed a woman will chose money over her home and her children simply because I was struggling and the economy of Nigeria isn't favorable to hard worker like myself. My story of joining read.cash was that of a hustler, trying to make ends meet in the very harsh economic conditions in Nigeria.
As much as I don't want to begrudge my enstranged wife as I believed every one wants a better life, I find it hard to process that despite two children, my wife will easily jump ship to be with another man. I believed we can pull together and survived as couples and find better life.
About two months ago, my babe told me she found another man as I cannot match her standard of living and as such, she's found a man who can easily meet her financial and material needs. I was left perplexed! How can you ditch me in my struggling moment to be with another man! The rich men in Nigeria do not want poor people to be happy as they try at every point to rub it in your face that you are poor.
Recently, after trying to get over this, I realised men like @MarcDeMesel are not the problem but the women who find them as a shortcut to a good life. People like him are being exploited by these women for a better life.
As I am now, I've resigned to my fate and living for these wonderful children God has given me with a hope of a better life. I'm at peace with people like @MarcDeMesel as I've come to realised it takes two to tango and so long men like him are not committing any bad act and it's offer and acceptance, I believed it's a challenge for me like Nigerians will say to double my hustle.
Image credit: Shutterstock.com
Bitcoin; Centralized or decentralized?
As much as majority of Crypto enthusiast are echoing the line that Bitcoin is a fully decentralized currency, events of the past months has shown this to be false.
When Elon Musk tweeted about Bitcoin consuming so much electricity and contributing to global warming, despite fight back from most Crypto enthusiasts on social media, the price of Bitcoin went south.
The China FUD also caused substantial price decrease. How come China only ban Crypto almost every year during the bull market? This only shows the hold China and Chinese has on a supposedly decentralized Bitcoin price.
With the entrance of institutional investors into Crypto, especially Bitcoin and how liquid these investors are, Bitcoin is fast moving towards complete centralization. The maximum supply of Bitcoin means if you accumulate a certain amount of Bitcoin, you can easily determine the price trend and this is the hold people like Elon Musk has on Bitcoin for now.
One thing I'm looking forward to is the complete decoupling of alt coins from Bitcoin price movements. Once this is achieved, I believe Cryptocurrency will become fully decentralized as there are fully decentralized Crypto projects like Bitcoincash leading the way in full Decentralization and better use case.
How I started with crypto
As a Nigerian, getting into Crypto for me was like gambling. I was introduced to Crypto after being told it's an alternative to fiat currency in participating in a Ponzi scheme that promised 100% reward in 30 days.
I bought Bitcoin to participate in this scheme, hoping the 1 Bitcoin I placed in the scheme will multiply quickly and I'll get to convert it all to fiat. The first month went well and my Bitcoin turned to two. Instead of taking profits, I reinvested the two Bitcoin and then the Ponzi scheme came crashing.
After this event, while complaining, I met a friend who introduced me to Crypto trading. I started trading crypto with his guidance on now defunct coinexchange.io centralized exchange. For me then, the intention is to make extra bucks and not because I was convinced about crypto.
The idea of Hodling was alien as the plan then was to convert all I earned to fiat. I joined a pump and dump group, make money and ended up getting rekted. I then saw Crypto as scam for quite a while.
When people started talking about Bitcoin fork in 2017, and the attendant price increase that'll follow, I bought some, stored in the online wallet blockchain.info. I got Bitcoin cash as part of the proceeds of the fork of the Bitcoin chain.
I met a friend who taught me the fundamentals, block size, blockchain and how Bitcoincash is faster compared to Bitcoin due to its block size. I joined the Bitcoin forum as it was the most popular Crypto based forum then and was introduced to the world of Airdrops and faucets.
Cryptocurrency at this point became a hobby and much fun and gave me the opportunity to learn, earn and grow beyond looking for quick cash.
Today, I can say I still have Bitcoincash earned then in my wallet till date as I've come to see Crypto as the future. Cryptocurrencies earned from Crypto based social media were majorly converted into Ethereum and Bitcoincash and another 20% in USDT.
The journey could have started on a bad note but with Crypto based social media,I was able to learn and grow.
I believe Crypto based social media holds so much informations as regards growing within the Crypto space as you have the opportunity to learn from the best.
One reason Torum is dear to my heart is the opportunity it gives me to learn more about cryptocurrency and to draw strength in strengthening my hands during the bear market.
If you need a place to learn more about cryptocurrency and still earn the native token on Binance Smart Chain, I believe Torum is your best bet. Torum is NFT infused social media platform where you can earn free NFTs.
If you are interested in joining Torum, you can follow this link
https://www.torum.com/signup?referral_code=wumeepope
Torum app beta testing
As a known Torum user, I registered as one of the numerous Landers to test the app before it's fully released to the public and I must confess, I'm quite impressed with what the developers came up with. The app indeed met and exceeded my expectations.
I'm on quite a number of Crypto based social media and I use their mobile app but Torum app is way ahead in terms of usability and user experience. To better understand the functionalities of this app, I'll take you on a tour of the app.
**Home Page**
When you log into the app, the home page is as shown below.
Just as the web version, your feed is divided into two, showing the people you follow and the discovery section, where you can check the posts of people not on your following list and discover new Landers with great content.
There are five icons under your feed; Home, notifications, messages, write, explore icon that lead you to see people, companies and clans to check out on Torum. To write a post, all you need do is click on the write icon and you are good to start. To view your notifications, click on the notification icon, and same for your messages.
On Torum, a fully decentralized Crypto based social media, any active Lander can create a clan for like minded people and with quality engagements in your clan, more members will join. The Explore icon enables you see active members, clans and companies on Torum.
**Personalized Features**
By clicking on your profile picture, there are about nine options there where you can view your profile. It's at this section you can see all your posts on Torum, Uploaded medias and your Inventory. Your inventory subsection shows all your accumulated gifts on Torum and non tradeable collectibles. My inventory is as shown below.
You can check out the progress of your daily mission, wallet balance, referral list, settings, Create icon where you can get to create company and/or clan on Torum. Other icons on your personalized list includes; Submit bug, Switch theme, Log Out, About Us, Terms and Conditions, and Help Centre. You can get to switch between day and night mode using the Switch Theme option.
Your Referral list shows your mentor and your mentee on Torum.
As a beta tester, in case you noticed a bug on the app, you can use the submit bug option and the ever responsive Torum technical team will work to quickly fix it.
I've been testing this app for just a day now and it brings a new sense of pride for me as a Lander. Torum mobile app is one reason, amongst many others you need to be on this great Crypto based social media.
**About Torum**
Torum is a revolutionary, Crypto based social media platform that is poised to bring Cryptocurrency adoption to millions worldwide. The platform currently boasts of over 50,000 community members from all over the world that daily interacts in the forum. Daily, the site records over 100 new members joining this forum. With Alexa ranking in the top 50,000 and moving upward daily, Torum is set to becoming the key adoption bridge between the Crypto world and the general public.
Torum is also the first NFT infused social media platform with it's Initial Staking NFT Offering (ISNO)z sold out within 24 hours. This Crypto based social media is about to launch it’s NFT Launchpad platform in coming days.
I’m sure you will be interested in joining this Forum and here’s my invitation link for you. We both get to share 70 XTM tokens equally after you’ve verified your email address. If you are interested, ask me for a referral link.
Airdrops: scammers new fraud antics
I've been recently involved with lots of Airdrops, spending my hard earned Crypto in the process of claiming these shit coins as gas fee both on Ethereum and Binance Smart Chain and I've practically gotten nothing in terms of value from any of these Airdrops.
What is Airdrop? An airdrop is a generally the distribution of a cryptocurrency token or coin, usually for free, to many people. Airdrops are primarily implemented as a way of building a community, gaining wider attention and followership.
As good as this sound, I've noticed with the current rise in Decentralized Exchange use, scammers now rely on Airdrop tactics to lure many investors into parting with their funds by organizing Airdrops, building a community around their shit coin, open trading on DEX and finally after an initial Pump action on the coin/token, rug pull all the investors in this project. This is do simple for them and these scammers rinse and repeat with another scam project!
As much as I believe the statement; "if it's not your keys, then it's not your coins" and also how good trading in DEX is, I believe most projects that lists on solid centralized exchangers hardly rug pull investors as it's hard to remove liquidity in minutes but DEX is making this very simple for scammers to remove liquidity unchallenged back into their personal wallets.
I'm I saying there's no genuine and great Airdrops out there? No. All I'm saying is that majority of Airdrops out there are scams and advising you stay vigilant out there so you won't be scammed in Crypto. I can say that over 80% of Airdrops out there are scams and offer next to nothing in value.
My honest advise though is, instead of chasing after these fake Airdrops, there are lots of monetized Crypto based social media platform where you can get to earn crypto with great contents that's not plagiarized. Aside read.cash, one other platform I know is Torum, a Cryptocurrency based social media where you can daily earn XTM, the native cryptocurrency of Torum while interacting and learning at a very relaxed and friendly platform.
Torum is the first NFT infused Crypto based social media platform and many great NFTs artist has found a home on Torum. It is easier to earn/collect free NFT on Torum than on any social media site I know so long you have a wallet that can collect NFT.
If you are interested in becoming a member of this great platform, here's your invitation link and I'll be happy to welcome you to Torum
https://www.torum.com/signup?referral_code=wumeepope
Announcing Torum Dual IDO
Torum, a Crypto based social media platform, currently ranked at number 45,185 in global internet traffic and engagement over a 90 day period by Alexa, was launched the first day of July, 2020 will be conducting it's Dual IDO on MantraDAO Launchpad platform, Zendit and SCALESWAP on 14th September, 2021.
Recently, Torum conducted a Presale, where the hardcap of $500,000 was fully subscribed before it's closing date. This Presale round was followed by a Private Round sale to prominent and promising VCs in the Cryptospace where another $1.5 Million was raised.
As the first DeFi and NFT infused Crypto based social media forum, Torum, in May 2021 introduced the first of it's kind in Cryptocurrency community, Initial Staking NFT Offering (ISNO) of NFTs categorized into five places, and worth about $240,000 within 20 minutes.
In continuation of it’s drive to list on exchanges after token sale, Torum will be conducting it's IDO on Zendit platform, a Launchpad platform of MantraDAO, one of Torum many strategic partners, and on SCALESWAP to raise $300,000, selling 5,000,000 XTM, at $0.06.
Whitelisting for this project on both launchpad starts on the 2nd till 11th September. The result of the whitelisting exercise will be announced between 12th to 13th September while the IDO follows on the 14th (12noon on SCALESWAP and 2 PM (UTC) on Zendit). The IDO will be capped with UNISWAP listing on the 15th of September, 2021.
**SCALESWAP IDO**
To raise $150,000, a total of 2.5 million XTM will be offered for sale in both Private and Public pools with a maximum investment cap of $400 and $200 for Private and Public pool respectively. Token sold on SCALESWAP will be on both the Ethereum and Polygon Chain.
**Zendit IDO**
To raise $150,000, a total of 2.5 million XTM will be offered for sale on Zendit. Further instructions/announcements is available on Zendit website. Token sold on Zendit will be on Ethereum Chain.
**Condition for Whitelisting**
**SCALESWAP**
The IDO on SCALESWAP will be in Private and Public pool and KYC is a compulsory requirement in both Pools. For the Public pool, participants will need to complete a series of tasks to gain entries into the lottery. The more tasks you complete, the more entries you will receive.
The Private pool is ScaleSCORE based and all you'll need is your email and wallet address that contains your SCA tokens and ScaleSCORE. A metamask wallet, connected to scaleswap.io is highly recommended.
**Zendit**
Whitelisting instructions for Zendit IDO will be published soon.
**About Torum**
Torum is a revolutionary, Crypto based social media platform that is poised to bring Cryptocurrency adoption to millions worldwide. The platform currently boasts of over 95,000 community members from all over the world that daily interacts in the forum. Daily, the site records over 100 new members joining this forum. With Alexa ranking in the top 45,000 and moving upward daily, Torum is set to becoming the key adoption bridge between the Crypto world and the general public.
Torum is also the first NFT infused social media platform and it's Initial Staking NFT Offering (ISNO) was sold out within 20 minutes.
You can also get verified Airdrops on Torum as Torum continues to partner with big projects and airdropping tokens of the project to community members.
I’m sure you will be interested in joining this Forum and here’s my invitation link for you. We both get to share 70 XTM tokens equally after you’ve verified your email address.
https://www.torum.com/signup?referral_code=wumeepope
Aeron (Aviation safety powered by the Blockchain)
**Aviation Market**
One of the highest employer of labour globally is the aviation sector of the economy. Pre COVID-19 time, over 63 million jobs are provided directly and indirectly by this sector world over. With Tourism fast becoming the world largest industry, of which air transportation is a key component supporting this industry, activities within the Aviation sector needs be monitored closely for efficiency.
The United Nations estimates claimed young people in their 20s and 30s generate $180 billion annually in tourism revenue and the Aviation sector supports $892.4 billion within the tourism sector. Boeing, a major player within the Aviation sector projected world aviation fleet will double over a 20 year period between 2017 to 2037, from 21600 fleet, to 43,560 fleet, creating over 99.1 million jobs globally.
With space travel becoming a reality daily, and major players, including Elon Musk SpaceX making plans to make space tourism more fun, including putting Doge in space, this has the capacity to generate more revenue in the aviation sector.
**Aeron token in Aviation sector**
With over 100,000 daily flights, serving over 2 million people, safety is a major concern in the Aviation industry. The main cause of Air transport accident, from research is human factor.
“Accident related to air transportation average about 3302 yearly, mainly due to human factor"
---Aeron
Human factors identified as root cause of these accidents includes, but not limited to:
• Inexperienced Pilots;
• Forged flight log records;
• Corrupt practices in flight schools to help Pilots put in hours on paper;
• Under-reportage of flight hours by operators in order to save money on maintenance cost; and
• Database intrusion which includes modification and distortion of flight data.
Protection of data privacy managed by these airlines is also of utmost importance as it relates to passengers records, flight manifests, and crew information.
These problems identified can be easily solved with blockchain technology as it will provide transparent, less risky approach to managing and sharing these information.
**Aeron Approach.**
Aeron created a Smart Blockchain based solution on Ethereum ecosystem, called “airline in a pocket”. This blockchain has applications for Pilots and the Aviation companies.
**Pilot Application**
This application is available on mobile (iOS and Android). To start, the Pilot select 'new flight’, proceed to select the Aircraft, enters FROM and TO airfield codes and OUT time. This application will track location during flight and record the flight track. Once the flight is completed, IN time is logged. The record can then be submitted to blockchain, where it’s status can be viewed.
**Company Application**
The use cases of the Company Application includes:
• Receives data about completed flight from the server;
• Manage Aircraft bookings;
• Company can add other company services, which the Pilot can order through the application;
• Review and analysis of the historical data on blockchain for research purposes.
**Consumer Application**
Consumers can seek options for demo flights, check offers from local flight schools, access global flight database, book flights with cryptocurrency or fiat.
In a nutshell, the Pilot app is used by Pilots for personal flight logging, while the company app collects and verifies data from aircraft operators, maintenance organizations, flight schools and fixed base operators with all these information visible on the Blockchain. Aviation authorities can easily detect Pilots operating with an expired license. Data generated from the Blockchain can be access via a verified global database at aerotrips.com
**Tokenomics**
Aeron Token ticker is ARNX and it has a maximum supply of 182 million tokens with a circulating supply of 180 Million. ARNX is trading on HitBTC, Probit, and Mercatox centralized exchanges and also available on Binance DEX and Uniswap. The coin all time high price of $9.26 was recorded 2018 January and currently trades at $0.003
RiceSwap (RICE)
Daily, new coins are being added to Coinmarketcap and Coingecko. One of the new Crypto gem listed is RiceSwap. RiceSwap follows in the footstep of other DeFi and AMM like Uniswap, Pancakeswap, and Sushiswap.
One outstanding thing about RiceSwap protocol is integrating both fiat and crypto on-and-off ramps for DeFi participation(AMM, Liquidity Mining, Farming etc.). This I believe is an attempt at getting more people into Cryptocurrency.
RiceSwap as a DeFi aggregator runs on Huobi’s ECO Chain (HECO) and also compatible with Alchemy payment protocol so as to lower DeFi barrier-to-entry.
**Core Design**
RiceSwap was built similar to Uniswap AMM model but also with token incentive added to improve liquidity. It also incorporates Alchemy Payment System for easy hybrid fiat and crypto payment system. This will allow any user, including fiat holders to easily access DeFi. This DeFi platform also comes with a “game of chance” economic model.
**Governance**
Holders of RICE token will have the right to govern the RiceSwap platform by way of voting and the right to distribute RICE project revenue, including liquidity pool fee sharing, payment fee sharing, RICE GAME prize pool rewards.
**Platform Advantage**
RiceSwap is on the HECO chain and this helps to increase transaction speed and with Alchemy strategic partnership to reduce transaction costs and barrier to entry, thereby becoming a bridge between traditional finance and DeFi through effective risk management mechanism.
**Tokenomics**
The total supply of RICE is 13.5 million, with no allocation to the project team, no Premine or Private Placement. The total supply is allocated to dynamic and game mining with daily reward at 288,000 RICE. At every 10 days cycle, daily rewards will be reduced by 20% as illustrated below;
• 1st 10 days: Mining output= 200,000
• 2nd 10 days: Mining output reduced by 20%= 160,000
**Mining Pool Ratio**
RiceSwap allocated 40% to RICE-Alchemy pool, 30% to RICE-ETH pool, 15% to RICE-Huobi Token pool, 10% for ACH Staking and 5% to the referral reward pool.
**Cost Advantage**
Due to high gas fee on the Ethereum Network, RICE was built on Huobi’s ECO Chain, where transaction fees are approximately 10% of Ethereum gas fee.
**Getting started on RiceSwap**
To farm on RiceSwap, you will have to first select a wallet compatible with HECO blockchain tokens or MetaMask. Note that RiceSwap is a Proof of Attendance Protocol token.
To configure your MetaMask, click on "add token", select "custom token", key in the ACH contract in the token contact address, and click next. Your wallet is ready to be used on RiceSwap.
2. Once you've connected your wallet, select a mining pool to mine from. As a first timer on RiceSwap mining, you will be prompted for authorization;
3. After authorization, click on the “Invest More” icon to key in the numbers of tokens for mining before confirmation;
4. You can then confirm gas fee. To view your mining assets and earnings, you can click on “RiceSwap”; and
5. To collect the earned tokens, click “Harvest”.
You don't have to work about rug pull with RiceSwap as their Smart Contract was thoroughly audited by Beosin Technology Co. Ltd with audit completed on 2021-02-01 and an overall score of distinction awarded to RiceSwap Project.
Announcing Torum Initial Staking NFT Offering(ISNO)
Torum, a crypto based social media, committed to becoming the key adoption bridge between the Crypto world and the general populace has come out with first of it's kind in the Cryptospace, Initial Staking NFT Offering (ISNO). This comprised of 363 NFTs of different rarity levels.
**NFT**
NFT is an acronym for Non Fungible Token which are unique and cannot be interchanged. This can be anything like music, artworks or paintings, in-game items, texts, tweets which can be bought and sold in the digital marketplace.
**How NFT works**
As we know, digital files can be duplicated but with NFTs, these artworks can be tokenized to create an immutable digital certificate of ownership that can be exchanged with records stored on a blockchain making it “unduplicatable”.
NFTs are worth quite much and may likely be the bridge that brings more people into cryptocurrency and blockchain adoption. Twitter CEO, Jack Dorsey sold his first tweet on twitter at a price of about 2.5 million dollars, Nyan cat animated gif sold for over 500,000 dollars while the current record of 69 million dollars was set by Christie's sale of artist Beeple as NFT.
**Torum NFT**
Torum ISNO is putting up for sale 363 NFTs with DeFi staking innovation. These 363 NFTs are tiered into 5 categories, representing the rise of Torum in the Cryptospace. The ISNO will start on the 10th of May, 2021 with tokens issued/locked in these NFTs standing at 1,750,000 XTM, representing 0.175% of the maximum supply of XTM.
Each of these artworks comes with a permanent staking multiplier effect that increases the holders of these NFTs liquidity Farming rewards. Torum Finance, the DeFi platform of Torum will be the platform to stake these NFTs. With any of the ISNO NFTs, owners have an advantage over farmers without any as the NFT will be used to multiply their liquidity provider stake as shown in the table below.
**How to Participate in Torum ISNO**
To participate, you'll need a MetaMask wallet, configured on Binance Smart Chain network.
2. After configuration to BSC, copy the configured MetaMask address and deposit BEP-20 BNB to the wallet. Please, avoid depositing BEP-2 BNB;
3. Proceed to defi.torum.com and make sure your browser have MetaMask wallet;
4. Click 'Connect’and select “MetaMask” and proceed;
5. You can then choose any of the NFT tiers and click on “Buy”, confirm your purchase, set the gas fee and confirm your transaction. Once your purchase is successful, your ISNO NFT is in your wallet.
To view your ISNO NFT in your wallet, copy the contract address of your NFT, open MetaMask and click on “Add token”, select “Custom token” and paste your contract address. You will be able to see the number(s) of NFT purchased in your MetaMask wallet.
If you are interested in burning/ converting your ISNO NFT into XTM, click on the “units owned” text at the bottom of your purchased NFT and choose the “Burn” option, check the token amount to be received and confirm to proceed.
You can then set your gas fee and confirm your transaction. Upon confirmation, your XTM token will be in your wallet.
About Torum
Torum is a revolutionary, Crypto based social media platform that is poised to bring Cryptocurrency adoption to millions worldwide. The platform currently boasts of over 32,000 community members from all over the world that daily interacts in the forum. Daily, the site records over 100 new members joining this forum. With Alexa ranking in the top 50,000 and moving upward daily, Torum is set to becoming the key adoption bridge between the Crypto world and the general public.
Torum is also the first NFT infused social media platform. I’m sure you will be interested in joining this Forum and here’s my invitation link for you. We both get to share 70 XTM tokens equally after you’ve verified your email address.
https://www.torum.com/signup?referral_code=wumeepope
Are You Ready?
Torum, a cryptocurrency based social media forum will be conducting it’s Public Sales soon in form of an Initial DEX Offering (IDO) in preparation to launch trading of XTM tokens.
For a successful IDO, Torum is exploring strategic partnership with major players in the Crypto space. One of such numerous partnership is it's recently announced partnership with Poly Network, a blockchain Interoperability solutions provider, for effective cross chain transactions of XTM and seamless trading experience.
In furtherance of providing great trading experience for it’s community members, Torum core team announced strategic partnership with MantraDAO, for Zendit IDO collaboration. The CEO and founder of Torum, Yi Feng Go said;
*“As we progress further into Decentralization, it is natural that Torum, as a social media platform will slowly evolve into one of the biggest DAOs in the space, which makes the partnership with MantraDAO a perfect blend”*
**MantraDAO**
MantraDAO is a community governed DeFi platform that focuses on staking, lending, and governance. This platform, built on parity substrate for Polkadot ecosystem gives financial control back to the people to store and grow wealth. Staking on MantraDAO is decentralized and non custodial. Users can stake supported PoS and DPoS assets to earn extra rewards in OM Tokens. Lending is both open sourced and proprietary lending protocols, where lenders can directly offer cross-chain, multi-asset loans to users in order to earn interest on their assets.
Governance on MantraDAO is Democratic as all OM Token holders have full control and ownership of the ecosystem through their voting and governance rights. Karma scores, similar to traditional banking credit scores is deployed to reward users for their positive contributions to the MantraDAO ecosystem.
**Zendit Launchpad**
Zendit is a Launchpad platform of MantraDAO that employs a decentralized fixed swapping protocol. This protocol had immense advantages as it provides transparency on the amount of token offered as well as neutralize the risk of bad actors artificially pumping token price with the aim of dumping on investors.
Zendit Launchpad comes with features for a Private and Public pools for token sales and also offer the option of Dutch Auction for crypto project sale (A Dutch Auction is where bidding starts from the highest price but is systematically lowered until someone makes the winning lower bid and the item is sold. The final sale will be based on the winning lower bid).
Participation on Zendit Launchpad is tiered and the five tiers is named after the top five tallest mountains in the world and different tiers comes with different perks for members of MantraDAO community.
• **Tier 1 (Everest)**: You become a member of this tier when you supply 50,000 OM tokens on ZENTEREST( ZenOM);
• **Tier 2 (Aconcagua)**: Membership is by staking 40,000 OM tokens (sOM);
• **Tier 3 (Denali)**: Membership is by holding 30,000 OM tokens;
• **Tier4 (Kilimanjaro)**: To qualify for this tier, you need to hold 100M OM staked NFT; and
• **Tier 5 (Elbrus):** You only need to hold a MantraDAO Polkapet to become a member.
For a token to launch on Zendit, it must pass the MantraDAO Council internal vetting procedure. This is done to ensure that only the very best projects become part of the MantraDAO ecosystem. Projects that have launched on Zendit include; PolkaFoundry, Gains Associate, Raze Network, GamyFi. Trodl, Uniform and many others.
With Torum project passing the MantraDAO internal vetting process, it’s a pointer to how solid the Torum project is. While responding, John Mullins, Co-Founder and Council member said
*“Being a DAO ourselves, we are delighted to be partnering with Torum to support the development, adoption and overall better general understanding of DAOs and their disruptiveness. As early adopters of DAO models, I believe that both our projects will be at the forefront of the decentralized revolution that will drive the transformation of the world we currently live in”*
**About Torum**
Torum is a revolutionary, Crypto based social media platform that is poised to bring Cryptocurrency adoption to millions worldwide. The platform currently boasts of over 32,000 community members from all over the world that daily interacts in the forum. Daily, the site records over 100 new members joining this forum. With Alexa ranking in the top 50,000 and moving upward daily, Torum is set to becoming the key adoption bridge between the Crypto world and the general public.
Torum is also the first NFT infused social media platform and currently plans to conduct an Initial Staking NFT Offering (ISNO). I'm sure you will be interested in joining this Forum and here's my invitation link for you. We both get to share 70 XTM tokens equally after you've verified your email address.
https://www.torum.com/signup?referral_code=wumeepope
Bitcoincash and Simon Dedic post
Going through Twitter and I saw Simon Dedic tweet where he claimed Bitcoincash in the top 20 is overvalued and I don't get the rationale behind his judgement beyond him being a Bitcoincash hater because of Bitcoincash level of success.
What again is cryptocurrency? Cryptocurrency is defined as a digital currency in which transactions are verified and records maintained by a Decentralized system using cryptography, rather than by a centralized authority (Oxford languages). Cryptography makes double-spend of cryptocurrency nearly impossible. One feature of cryptocurrency is instant payment/transaction.
With Bitcoin block size, there's been problem of fake double-spend, a situation where one transaction is broadcasted twice to two different vendors. This is possible because of the time it takes for Bitcoin transaction to be verified and confirmed. In this case, one of the two vendors, based on confirmation numbers will get paid while the other won’t. The vendor that got the double-spent Bitcoin when an attacker sent same coin to two people in rapid succession will receive nothing and this defrauded. The slow transaction confirmation time on Bitcoin blockchain makes this possible as it takes about 10 minutes for Bitcoin transaction confirmation which is a very long time for fraudulent people to explore.
Bitcoincash on the other hand can process 116 transactions in a second on the average compared to 7 transactions/second on Bitcoin blockchain. This makes transactions on Bitcoincash blockchain faster. The transaction speed on Bitcoincash network makes double-spending almost impossible with Bitcoincash block designed at 32MB.
So if we are talking about Cryptocurrency that can be massively adopted as digital cash for secured payments, I believe Bitcoincash ranks higher than Bitcoin in this regard. Elon Musk, who invested about 1.5 billion dollars on Bitcoin believed Bitcoin price is too high and has issues as means of payment. With Bitcoincash, transaction fee is lower and transaction time is faster compared to Bitcoin. If Visa, a fiat currency gateway can boast of a higher transaction per second compared to Bitcoin, we can agree Bitcoin deficiency can slow down Cryptocurrency adoption.
When people like Dedic talks, take it like a pinch of salt and see it as an attempt to spread FUD because this man belongs to the category of people driven by greed in cryptocurrency and not the category of people that wants cryptocurrency mass adoption in replacing fiat currency. Side by side, with the transaction ease offered, I believe anyone will prefer Bitcoincash to Bitcoin.
Goodnight Uptrennd, Torum to the rescue
It was that time during lockdown, home alone and bored. Scrolling through the internet, reading crypto articles on publishox and I stumbled on a Banano post talking about a new tokenized Crypto site and ended the article with their referral link.
I followed the referral link and join Uptrennd and it was love at first sight. Then Uptrennd was strictly Crypto based but not quite long I joined, the site encouraged non Crypto articles on its site and boom, the traffic was massive. The level of engagement was over the roof.
I must admit that while on Uptrennd, I fine tuned my writing skills, made friends who encouraged me to be a better writer. I was here when giving powers, irrespective of your level is based on the writer level, was here when giving powers changed. Then reward was reduced by 55% and I was still here because Uptrennd became more than an earning site as I see Uptrennd as a learning site.
Dotun finders task, Osato bible study series, Luke giveaways where I won a planet on Project Nebula. I must confessed, I enjoyed Uptrennd and the people I met on the forum.
Suddenly, things started going South and people complained about withdrawals time, and proferred solution for Uptrennd native token to go Multichain but these fell on deaf ears as members are only good for traffic. Instead, goalpost was shifted, withdrawals amount was increased and withdrawals can take forever.
What can I say about guardians? Some became demigod, arrogating enormous powers to do whatever they like. I had a spat with Busola, one of the guardians then but she, against Uptrennd terms believed she can do anything she wants unchecked. The rest is history.
While on Uptrennd, I found read.cash, found Torum and these two Forums gave me more beyond what I get on Uptrennd. I quickly shifted from Uptrennd to Torum as I fell in love with the vision of Torum after reading through their Whitepaper and today, I'm happy I made the shift.
I followed Jeff Twitter post, saying Uptrennd is due for major restructuring and I was eagerly waiting for his restructuring but alas, Jeff was out to seal the fate of Uptrennd and nailed it's coffin. His post was riddled with I did this, I did that as if members who joined do not matter at all. Jeff saw himself as the boss while others are workers with no values.
If you are really interested in an emerging, more community based Crypto forum, I'll advise you come join us on Torum. Torum, even before listing, saw the issue of ethereum high gas fee can affect trading and moved to check it by going Multichain, instead of just trading XTM, decided to build a solid use cases for the Token to encourage people to hold.
Have you heard of Initial Staking NFT Offering (ISNO)? That's first of a kind from Torum. On Torum, irrespective of the day you joined, there's equality of opportunities as all members have similar daily, weekly, and one time mission.
If you are angry with Uptrennd decision and you needed a forum to continue your crypto blogging/earning, I'll love to invite you to Torum. You'll get 35 XTM after verification and I promise to donate another 10 XTM token if you join with my referral link.
What are you still waiting for? For now, it's good night Uptrennd and good morning Torum. I hope Busola and her likes will continue their Uptrennd shenanigans.
https://www.torum.com/signup?referral_code=wumeepope
Waiting for you on the other side.
Blockchain Interoperability and Torum Partnership with Poly Network
As cryptocurrency becomes mainstream, different Crypto investors are building blockchain infrastructure and others are forking an existing blockchain as it's the case with Bitcoincash.
The different Blockchains are making transactions in a decentralized Crypto world a bit cumbersome as these Blockchains performs different sets of transactions and handle different amount of data processing. In finding solution to this problem, some Cryptocurrencies projects are going Multichain. A very good example is Tether (USDT) on both Ethereum and Tron blockchain. Then the wrapped token solution. These stop gap solution did come with it’s own fair of issues as you can lose your fund transferring tokens between Blockchains. Recently, I almost lost 1 BNB token trying to transfer BNB from my Trust wallet to Yobit exchange. Checking Yobit deposit address, I realized BNB on Yobit is an Ethereum based BNB and if I’d sent my BNB to this address, I would have lost it.
To permanently address this issue of interoperability, some projects did come up to fix this by coming up with Cross-Chain Technology.
**What is Cross-Chain Technology?**
To address the issue of Blockchain Network operating in isolated ecosystems, Cross-Chain Technology seeks to allow transmission of value and information between different Blockchain networks. This technology seeks to allow different isolated Blockchains to communicate with one another and share information seamlessly by enabling interoperability amongst different Blockchains without the help of any intermediary.
Cross-chain technology will also enable different chains to integrate and interact thus making it easy for people to transact on other Blockchains seamlessly with no need of wrapping coins.
**Blockchain Interoperability Projects**.
Different projects dedicated to Cross-Chain technology are fast emerging and notable projects in this area include; Polkadot, Blocknet, Wanchain,Cosmos Blockchain, Poly Network and others. I'll love to dwell more on Poly Network.
**Poly Network**
Poly Network was built to implement Interoperability amongst multiple Chains in order to build the next generation internet infrastructure. Homogenous and heterogenous public blockchains, authorized, can connect to Poly Network through an open, transparent admission mechanism and communicate with other Blockchains. Presently, Poly Network has integrated Bitcoin, Ethereum, Neo, Ontology, Elrond, Ziliqa, BSC, Switcheo and Huobi ECO Chain.
With Poly Network integration, there's no need for major changes to the core technology. For Chains that supports smart contract technology, Poly Network will deploy two Smart Contracts to support Cross-Chain functionality but if the Chain do not support Smart Contracts, integrating two modules enables Interoperability. Poly Network can also seamlessly integrate Chains that is forked from supported Blockchains.
Security wise, Poly Network has a strong cryptographic foundation and has no tokens, enabling it to easily deal with security.
**Poly Network partnership with Torum.**
I was quite impressed with Torum core team strides when they announced Poly Network as a strategic partner to provide Torum Community a seamless Cross-Chain operation and secured on-chain transactions on most mainstream Blockchains at minimal cost. This move I believe will give Torum and it's Ecosystem token, XTM a solid competitive edge in the Crypto space. Torum XTM token, a BEP-20 token and this partnership will further drive Torum vision to becoming the key adoption bridge that connects general public to the Crypto space.
Swapping and trading Torum XTM will be fun and interesting and I'll love to invite you to Torum to come have a feel of happenings within the Crypto space and have the opportunity to earn free XTM tokens for your engagements on Torum. There's also a sign up bonus after you've verified your email address.
https://www.torum.com/signup?referral_code=wumeepope
Fraction Token (Own a Fraction)
Going through Coingecko newly added coins today,, I was surprised to see a newly listed coin with a price as high as $152,323.00. Took another look and decided to probe further about the token called Fraction Token.
Fraction Token is a token with a total/maximum supply of 1. Yes, 1 Fraction Token is the maximum supply and thus, you can only own a fraction of Fraction Token. The basic idea behind this token is tied to how NFT works and it's immutability. Fraction Token can be said to be a collectible, tradeable like currencies. Fraction Token is streamable via superfluid protocol on the xDai Chain because it's a Native Supertoken.
Currently, there are about 198 holders of this token, holding fractions with the highest wallet, Whale wallet holding 24.839% of the total supply. The developers behind this project didn't conduct ICO,IEO, IDO or any form of Airdrops and it's only available to trade on Honeyswap DEX with an initial value of 1 Fraction equaling 2000 dollars in xDai by filling up the Fraction: WxDAI liquidity pool on a 0.5:1000 ratio.
To purchase Fraction Token, you will need to hold any of xDai, MIVA, xATS. To buy xDai, you can move DAI on Ethereum via the xDai bridge to get xDai on xDaiChain. For other coins aside Ethereum, you can easily swap them on Uniswap to DAI and convert the DAI to xDai using the xDAI bridge.
Fraction Token can be stored in Minerva Wallet, a wallet that simplified everything around your identities and money’s. You can buy xDai with fiat currencies directly from your Minerva Wallet. Presently, Minerva Wallet is only available for download on Android mobile device with the IOS version under development.
One notice on their site that's disturbing is the fact the team behind this project believed aside trading, Fraction Token doesn't have any real life use case/value. This coin is only tradeable on one DEX; Honeyswap. These two is enough to raise a red flag for me and cautious, dealing with this token as a would be investor.
Yes, Honeyswap is a good, emerging DEX but what happens if the team behind this project decided to rug pull everyone and disappear with investors funds. When a project is traded on one DEX, Rug Pulling by project team is easier.
**What is Rug Pulling?**
Rug Pulling in Decentralized Exchange (DEX) is when liquidity pool is taken away from a market. This results in a sell death spiral as other liquidity provider, holder and traders sell to salvage their holdings and to cut their losses. This is a new scamming trend in Cryptocurrency and a new form of exit scam where someone will drain the pool at DEX, leaving the token holders unable to trade.
Be careful out there friends and don't let people scam you of your hard earned money.
UnFederalReserve (ERSDL), Your Middle-Market DeFi Solution
UnFederalReserve (ERSDL) was described as a banking software development company, with deep root in Finance, Project management and IT, built on Blockchain Technology, with products designed for USA smaller Treasury Chartered banks and non-bank lenders in need of greater liquidity without sacrificing security or compliance. In achieving these, ERSDL users DeFi protocol to replace traditional deposits and lending operations.
Products offered by ERSDL includes:
• DeFi platform;
• Cash management dashboard;
• Credit vs Cash spot market; and
• Banking ALGO dashboard to monitor product usage.
ERSDL identified the gap that exists in digital assets backed lending and intends to fill this gap by deploying an open source, lending management protocol, and vast traditional fiat lending experience. This trustless system expands traditional lenders existing liquidity options.
Of the over 4000 banks in the USA and an additional 20,000 non bank lenders, the top 10 banks control more than 50% of the $17 trillion assets. To solve this and give room for smaller banks to grow, ERSDL deployed 2 products for banks;
• Thunder: a high yield deposit, money market account
• Lightning: a low rate, short term, unsecured line of credit.
There will be a sponsor bank who alongside with Residual Token (INC) monitor the Platform usage by means of a Platform dashboard, ALCO Weather Tracker.
To enjoy this products, the participant is encouraged to download the Residual Token(INC) Treasury Toolkit that comes with three options;
• Basic Options: This has minimal features and come at no charge.
• Premier Options: This comes with more advanced features and participant can unlock this by holding a stipulated amount of ERSDL tokens.
• The Elite Options: This is the highest level and this is the level you can open a Thunder and Lightning account. Each of these accounts has a fee denominated in USD but payable with ERSDL token.
After setting up your Thunder and Lightning accounts, participant will be prompted to open a bank account/line of credit with Residual Token INC sponsor bank, which is currently IFEB bank. Participant will also have to pass KYC/AML procedures (KYC-Chain and SELFKEY). Passing KYC/AML earns you one of the non-Fungible cRSDL tokens.
Once you passed KYC/AML, you become a verified user and will have a dashboard where you can get your savings/LC accounts. There you can deposit, withdraw, get reports/statements and communicate with Residual Token INC.
Borrowers on this protocol may or may not pledge assets as collateral, depending on the product against local fiat currencies allowed by the sponsor bank, accept terms and oblige themselves to those conditions or risk collateral forfeiture. Pledged collateral may remain in Escrow/title agent custody for the duration of the loan and managed via Smart Contract.
In all cases, all parties involved will have legal recourse as means of settling issues in the event of fraud or negligence on the part of either party. Also, participants and sponsor banks will be insured against defaults where caused by something other than ordinary operating conditions.
ERSDL Protocol comes with different Non Fungible Tokens (NFT) to track performance in this protocol;
**dRSDL**: this are class of NFT minted to represent Debt assets in the protocol. This is tokenization of Debt and use of this Protocol as a standard will be off importance to Residual Token INC. For each dRSDL minted, dollar will be aggregated and distributed quarterly to qualified participants as rebates up to their cost.
**xRSDL**: This is an NFT minted to track loans where the applicants does not accept terms of the approved loans.
**fRSDL**: This is an NFT issued to represent failed loans. Failed loans is where either the participants or the sponsor banks failed the applicant request. The cause of this failure will be included in the blockchain to allow for behavior tracking, intelligent learning and other metrics.
**yRSDL**: NFT minted to manage escrow and custodial transfer of assets, when necessary, from a participant to a neutral account.
**bRSDL**: NFT minted as a representative of the participants reputation based on attributes and behavior in the ecosystem such as repayment history.
**rRSDL**: NFT minted as a representative of the Lender reputation based on attributes and behaviors in the ecosystem such as funding history and other metrics.
**cRSDL**: NFT minted by ERSDL and given to lenders who passed KYC/AML
Torum Successful private round sales
The private round investors of Torum was unveiled today. These investors staked $1.45 million on XTM simply because they believed and are convinced with the direction the Torum project is going.
The private investors are not new to cryptocurrency world and are big names in Cryptocurrencies world. The Private investors are; AU21 Capital, Worshipper Capital, Redline Capital, Consensus Lab, Oasis Capital, Angel One, Momentum 6, Waterdrip Capital, HotBit, Lotus Capital, N7 Labs, Infinite Decentralization Capital, and Skywater Capital.
Who are these VCs for a Crypto newbies?
**HotBit**: Hotbit crypto exchange by Coingecko is an exchange with a trust score of 9. This centralized exchange was founded in 2018 and held Estonian MTR licence, American MSB licence, an Australian AUSTRAC licence and a Canadian MSB licencel. This exchange is an exchange that is continually developing and integrating various form of businesses like spot trading, financial derivatives, and crypto investments. This exchange focuses on world emerging Crypto markets and ranked one of the top three (3) most welcomed exchanges by Russian media in 2019. The exchange boast of Monthly Pageviews of about 2,904,000 and it's ranked globally by Alexa in number 3683 position.
**AU21 Capital**: AU21 Capital was founded by Chandler Guo and Kenzi Wang in 2017 with the mission of backing the most promising blockchain entrepreneurs, and providing founders with resources and connections to succeed. Chandler previously co-founded Gate.io, one of the top exchanges in Asia. He is also an early investor in blockchain projects and cryptocurrency exchanges including Ethereum, ETC, Metaverse, NEO, Qtum, Binance, and Huobi. Chandler started his career in the blockchain sector by operating one of the largest Bitcoin mining operations in the world.
Kenzi served as Vice President and General Manager at Huobi Global, a leading global exchange, where he directed exchange operations, business development, marketing, venture and listing functions. He is an avid investor in numerous top-tier DeFi and NFT projects, and has helped dozens of companies secure successful listings on top exchanges.
Source: https://au21.capital/about
Consensus Lab: Founded by Wang Feng, founder of blockchain news portal Mars Finance, Consensus Lab is a Beijing-based venture capital firm that focuses on and invests in technical platforms, infrastructure and internationalized projects related to blockchain. Consensus Lab has partners such as Mars Finance, Tron, CSDN, Cryptogram, NOVA Club and others.
Angel One: AngelONE, the go-to place for investment in great blockchain startups. Registered in Singapore, BigONE is a digital asset trading and trusteeship platform, helping users pinpoint invaluable blockchain assets from all over the world and providing users with fast and secure services, which are made possible by the top-notched technologies and risk management that ensure the security of users’ digital assets.
Lotus Capital: Lotus Capital is the leading crypto fund in the Middle East. It is an ecosystem of entrepreneurs, engineers, researchers and academics that has unparalleled access to the most innovative projects in the blockchain space.
What Next?
Torum will soon be organizing a public sale and Initial Staking NFT offering event. now that this Crypto based social media platform moved to Binance smart chain, hopefully, like most solid projects on BSC, Binance will likely give the project a grant with the array of VCs this project can boast of. Torum project is destined for the Moon and I'll love you to be part of this project. Halving of rewards on this forum started today and there's still enough time to make enough XTM if you signed up with my link.
https://www.torum.com/signup?referral_code=wumeepope
Torum Ecosystem tokens XTM and XTF now BEP-20
Today, Torum announced it's native token XTM as well as Torum Finance token XTF are now officially verified on Binance Smart Chain Scan with these contract address;
**Torum (XTM) - BEP-20**
https://bscscan.com/token/0x3f526a5a8811cc1812d923d5dbb20e4b1c6028db
**Torum Finance (XTF) - BEP-20**
https://bscscan.com/token/0x0377facbddbee59d40869808bb67fa741038bc67
Following this development, the Torum core team will be killing off it's former XTM ERC-20 Smart Contract on the Ethereum Blockchain in the next 48 hours by sending all previous tokens minted to a blackhole address.
Will XTM now become only a BEP-20 token alone? The answer is NO as a new XTM and XTF ERC-20 Smart Contract on the Ethereum Blockchain with cross-chain swapping feature will soon be deployed to allow trading options.
This change from an ERC-20 token was necessitated because of high gas fee on the Ethereum Network and to allow traders trade on Binance Smart Chain that just announced lower gas fee. The recent high gas fee has affected trading on Ethereum Network and most small bag holders are strongly affected by this ridiculous fee that eats deep into their trading profits.
With this news, I believe Torum, a crypto based social media forum is moving towards full listing on Exchanges. Before the much anticipated listing, I believe Torum NFT Marketplace and the newly verified staking platform, where you can earn the governance token, XTF will come on board to provide use cases for XTM token.
The staking platform will also go live on Torum. It's on this staking platform you can earn XTF by staking your XTM on Torum Finance. The core team of Torum came prepared to really take all Landers to the Moon.
Are you on Torum? I believe now is the best time to join as claimable XTM on Torum will soon be halved. You can earn 10 XTM daily performing tasks and 40 XTM weekly by signing in daily. There are other missions you can undertake to earn XTM.
You can buy XTM on exchange(s) when it listed but you will need to be on Torum to stake your XTM to earn XTF. All I'll say is congratulations to Torum early adopters. You can join Torum following this link.
https://www.torum.com/signup?referral_code=wumeepope
Kucoin Trading Bot
Recently, I discovered Kucoin trading bot to maximize profits and my trading experience on the exchange. I must admit, it's been a very profitable experience for me.
Kucoin presently has two bots you can use for trading. One of these bots trades based on volatility and it's called the classic grid(volatility killer) while the other one trades based on Dollar Cost Averaging(DCA) and it's called DCA. There are three others presently under development; Margin Grid where you buy low and sell automatically higher, Extreme Volatility Killer(EVK) to monitor market fluctuations for timely buying, and Dynamic Position Sizing.
To start with DCA, you must have USDT in your Trading account, and choose the coin you want to invest in. I'm using Bitcoincash as an example.
You can then customize your DCA bot with amount per investment, with $10 being the least and also choose the frequency of investment if it will be daily, weekly, etc
You can then set the expected profit target in percentage of your investment and then confirm it. percentage profits you want for any coin you are trading.
The bot automatically buy more to increase your holdings/profits with USDT from your trading account based on frequency you chose.
You can then click to confirm your investment.
You have two options to either discontinue once the expected profit is reached and money returned to your trading account or to continue even after the targeted profit percentage is reached.
For Classic Grid, the Volatility Killer, there are minimum amount to invests for each coins listed in this category of trading. Once the minimum amount is available in your wallet, the bot buys the coin of your choice at optimum price to start the trade. Here, you can use the coin of your choice for classic grid but it's not advisable for margin trade/traders.
You can discontinue Classic Grid anytime and the coin purchased along with realised profits will be returned to your trading account.
To use Kucoin trading bot, you must download Kucoin app and enable the trading bot. I must admit, price prediction articles I read on Torum helps me make right choice on the token to trade with the two bots.
This is one reason I love Torum as the information and education I got from this Crypto based social media has greatly changed my trading habits as I'm learning from the best in this Forum.
I'll love you to come join Torum and be a part of this success story so we can all make money together and trust me, you will love it on Torum.
Torum dream and the journey so far
A space explorer, called a Lander, saw a space not explored on the moon and decided to explore this space. This Lander called others, promised he’ll take them to the moon top if they’ll take the journey with him. Some have heard stories of how hard it was walking on the moon so they were skeptical of the journey. Some said in unison, many have promised us same thing that they’ll take us to the moontop but while at it, the rocket crashed heavily back to ground zero, and we were all left with nothing. How will yours be different?
This Explorer, holding on to his strong believe told them his ride will be different and showed them how he’s planning to make the journey worthwhile. He assured them proper planning will guarantee a smooth ride, let them into his world and showed them what his vision looks like(Whitepaper). Some still doubted him, claiming they’ve seen people with great plans and zero execution.
This Lander, along with few believers decided to take the flight to the moon. Though pretty dark at first, he was undeterred and hoisted his flag to mark his presence in the moon. He believed someday, the sun will shine, he’ll start the construction(s) fully but patiently work in the darkness to lay the proper foundation for this city.
Then along came the sun to illuminate the darkness.
Some space travelers saw what the Landers were able to Buidl even in the dark and decided to join in the adventure of building/creating this new community.
These people work hard to Buidl when the sun is still shining to create a city on the moon that will be beholden to all. Different facilities were put in place to make life fun and conducive for future occupiers of this space and to make their stay worthwhile.
Right at the heart of the Moon, the new kid and his firm believers built a wonderful city, big enough to contain all and sundry. When others came to see this newly built city, they were so much in awe of the man with the novel concept to built this city. More people were happy to join them in the new community and build together.
This is the simple story of Torum and it’s wonderful, amazing team, who along with few believers of about 1000 decided to build a complete Cryptocurrency ecosystem where everyone interested in Crypto can come learn, make friends, earn and Buidl together. In my little time on Torum, I’ve seen Torum risen in it’s Alexa ranking from below 150,000th position to it’s present 45,947th position globally and we are not going to rest until we reach the top 50.
Torum is a complete, Crypto Ecosystem built with all necessary facilities/ amenities to make it a one stop shop for all cryptocurrency enthusiasts that includes, but not limited to:
i. Torum Finance: An automated market making platform built on top of Binance Smart Chain with A set of complex DeFi functionalities. The governance token of Torum Finance is XTF.
ii. Fair Governance Token Distribution: XTF, the governance token of Torum Finance is only available to the platform’s liquidity providers and users.
iii. Cross-chain Swapping: Swapping XTM and XTF from BSC (BEP-20) to the Ethereum Blockchain (ERC-20), and vice versa. More EVM-based blockchains will be supported in the future.
iv. NFT Staking: Contains tier-based multiplier that increases based on 5 levels of NFTs purchased from Torum Initial Staking NFT Offering (ISNO). ISNO is a new crypto funding innovation that issues stake-able NFTs to the public. The term was invented by Torum to provide utility and use cases compared to the other initial NFT offerings in the industry. The first ISNO will feature 5 unique NFTs with different tiers and staking benefits and is scheduled on the Q2 of 2021.
v. Programmable NFTs: Unique NFTs for all Torum users that change their appearances based on user activeness factors (e.g., shards, followers, account age, etc.) on Torum social media platform. If you’ve been following my Torum posts, by now, you’ll know the meaning of shards as it relates to Torum.
vi. Interactive Farming: A staking multiplier that changes based on user activeness on Torum social media. The active you are on Torum, the more you make from interactive farming.
vii. Liquidity Burning: A token deflationary mechanism to reduce the total supply of XTF.
With Torum, you can be rest assured it’s a continuous building process and lots of use cases of XTM will come up in the future as we are constantly innovating.
Interested in joining Torum?
Torum Team
It's no longer news that Torum conducted a Presale and it was fully sold out even before the closing date of the Presale, what is news on the other hand is the continuous membership growth of Torum and it's continuous rise on the Alexa ranking. Torum, a complete Cryptocurrency ecosystem recently crossed the 25,000 membership mark and moved up the Alexa ranking into 46,372 position from is previous position of 50,580 position as at March 16th 2021. Just three months ago, Torum was ranked at number 145,546 position but look at where we are today! This is a very commendable feat as Torum Landers only believed in Torum project and keyed into it from the onset based on the assurance from the core team and Torum Whitepaper. This shows Torum team are great at marketing and I commend them greatly for this laudable feat.
To better understand this, in my referral drive to Torum, I've had course to interact with friends and colleagues on joining us at Torum and the first question they ask is the price of XTM and the exchange it’s listed on. If I tell any of them XTM is yet to be listed on any exchange, most of them develop cold feet believing, it’s time wasting but the Torum Team sold out their Presale and may be planning for an IDO before being listed on an exchange. Plans are also underway to start liquidity mining, XTM staking as well as NFT staking all in their bid to provide multiple use cases for XTM token.
This is one, among many reasons I so believe in Torum project and in preparation for listing, when Torum team announced Torum Finance and it's governance token, I'm more than convinced the core team is moving this forum in the right direction and I've come to trust their judgement. The team is constantly working on scene and behind the scene, tweaking the roadmap and Tokenomics to deliver a forum that will become the heartbeat of the Crypto world. An updated Whitepaper to reflect changes to Torum roadmap and Tokenomics will soon be published.
In their quest to give all Landers a wonderful trading experience with XTM, the core team decided to take XTM Multichain on Binance Smart Chain and Ethereum network. This move was as a result of high/excessive gas fee on Ethereum Network. As a matter of choice, you can trade XTM, either as BXTM or EXTM. As for me, I'll prefer trading my XTM on BSC as I currently value fees payable over Decentralization. You can read more about this here https://read.cash/@Wumeepope/torum-xtm-now-multichain-89e021a3
When the team recently announced in the forum that to prevent token inflation as a result of supply exceeding demands, Torum native token XTM, will be undergoing it’s first halving, I believe it's all for the good of all Landers and the health of Torum ecosystem. With halving, what you gain in price far outweigh your supposed loss. This recent announcement, after we passed 25,000 members on Torum shows how future minded the core team are. As much as I'll love to accumulate more XTM at present rate, I'm more convinced selling my tokens at a higher price is better for me.
The core team members behind this revolutionary crypto ecosystem are;
• Ah Go @ Yi Feng Go (Founder, CEO & Front-End Web Developer)
• Alwin Chang (Co-Founder & CDO, Web and Mobile UI/UX Designer)
• Jayson Tan (Co-Founder & CMO, Community Manager)
• Teddy Tan (Co-Founder, CFO & COO)
• Lucas Go (Co-Founder, Creative Director & Graphic Designer)
• Nelthan Ng (COO of XTORUM, Exchange Operation & Customer Support)
• Prabhat Kumar (Technical Lead, DevOps Manager &Back-end Web Developer)
• Pardeep Sharma (Front-end Tech Lead, Front-end Web Developer)
• Jacky Chong (Back-end Web Developer)
• Ankit Metwal (Front-end Mobile Developer)
• Max Kwan (Back-end Web Developer)
• Wan Xin Chai (Front-end Web Developer)
If you have engaged on Torum, you will notice how active these people are. They are always working around the clock to keep Landers happy. Tag any of them under your post and like a superman, they will be there to attend to your needs even with apologies. Jayson Tan for me is my favorite team member as he's always ready to go the extra mile to market Torum and make you understand why you need to be on Torum. Nelthan Ng for me is wonderful with customers/Landers support. Alwinn and Teddy Tan sense of duty is simply amazing. The core team members are like every other members on Torum, educating and learning from members/Landers.
Their level of engagement in the forum, alongside other great Landers makes Torum thick and well positioned to becoming your go to place for trading advices on coins/tokens to buy, and crypto price movement predictions and giveaway. I must confess, becoming a member of this forum has improved my Crypto trading and Crypto knowledge.
If you want to BUIDL, learn, have fun, and earn with us, I'll love to have you on Torum and we can both share 150 XTM tokens equally and to welcome you further, I promise you a Doge CEO gift valued at an additional 50 XTM and 50 Shard power by following my referral link.
https://www.torum.com/signup?referral_code=wumeepope
My Journey to finding Torum
I've been part of many Crypto based social media sites in my quest to earn passive income online and I must confessed, I started as a spammer, who sees these sites like better earning faucets sites.
Over the years, I found Uptrennd, grew on Uptrennd and my orientation about crypto media sites changed. I learnt so much on Uptrennd about quality blogging and putting in that extra effort. Now, blogging isn't about immediate gains but more about building a brand that gets you noticed. Grateful to Uptrennd for that.
The quest to build me a brand led me to other crypto based platforms, where I continue writing my everyday articles. As I write on these platforms, I felt one thing is missing; even though I blog on social media sites where I earn Cryptocurrencies, my understanding of Cryptocurrencies in itself is limited to the basics.
Sometimes last year, 2020 November, an Uptrennd member posted about Torum and I was quite impressed with his review of the site. I followed his referral link, and was led to a blank page. Something tells me to switch to desktop mode, did and registered on Torum.
Getting on Torum, I can attest to the fact it's a complete crypto based social media. I was impressed with the level of cryptocurrency information’s available on Torum. The more I read, the more I want to learn. Resources available on Torum has helped me become a better crypto hodler, and have eyes for coins with great fundamentals. Aside the information available on Torum, I also earn the native token of this site by doing daily, weekly, and one time missions. The native token of Torum is XTM and this token will be tradeable on an exchange soon. With what I've seen on the site, I can boldly say XTM is one coin to Hodl.
Torum Price Prediction
I'm happy this great social media site will be listing it’s native token, XTM on an exchange soon and I'm pumped. My XTM price prediction is $2. You may think this is far fetched but I'll Hodl till XTM price gets to this price.
For context, I'll love to talk about another crypto based social media site I like which is LeoFinance.
**LeoFinance**
LeoFinance is a Web 3 social media platform that is built on a decentralized public blockchain, Hive, with inbuilt tokenomic rewards for content creators, users and investors alike. You can only publish about Cryptocurrencies and Finance on LeoFinance. The native token of LeoFinance is LEO token. LEO operates on a Proof of Stake model, where you can stake LEO to get more LEO POWER, which gives influence over the daily reward pool. Both creators and curators splits reward equally based on LEO POWER.
LEO token is cross-chain as there's a cross-chain bridge to wrap your LEO either as an Ethereum based token or Binance Chain token. You can easily swap your LEO token on LEODEX, a decentralized exchange to trade Hive blockchain based tokens.
The price of LEO as at writing this article is $2.12
DeFi on LEO
DeFi on LEO birthed Cub Finance, a yield farming platform built on Binance Smart Chain and has CUB token as the native farming token. You can wrap your LEO token to bLEO and utilize on BSC. CUB price is $3.02
Torum Applications.
Though Torum is not Blockchain based yet, this in itself is an added advantage to onboard Crypto newbies. If you loose your private keys on Blockchain based platforms, it will be almost impossible to retrieve the account. What if Twitter ban me on its site? How do I access my LeoFinance account? With Torum, password reset link is posted almost immediately.
DeFi on Torum
**Liquidity Farming**
Just like Cub Finance, Torum Finance will be a staking/LP platform, where you can stake your XTM to earn. This development will birth a governance token, just like CUB, called XTF (Exchange Torum Finance) that will be earned staking on Torum Finance and tradable on exchanges.
**NFT Staking Mechanism**
Being a complete Crypto ecosystem, plans are underway to complete Torum NFT Marketplace and Staking platform.
If you compare the Cryptocurrency Ecosystem we are building at TORUM to LeoFinance, you can as well project the future price of XTM and XTF once it lists on an Exchange and you will be more encouraged to Hodl.
If you are interested in becoming a member of this great Crypto based Ecosystem, I'll love to invite you by following this link.
https://www.torum.com/signup?referral_code=wumeepope
Either as a new Lander or an old Lander, our daily, weekly, and one time missions are same across board. This way, Torum provides a level playing field for all Landers as even a newbie, with tokens to gift can easily do so.
Welcome to Torum, welcome to freedom
Torum XTM now Multichain
From its Whitepaper 2.0, XTM is an ERC-20 token, built on the Ethereum Network. As community members, some raised the issue of Ethereum gas fee on transactions and how it can affect XTM withdrawals from Torum ecosystem in the future.
Torum core team, having claimed this complete Crypto ecosystem belongs to the community listened and recently conducted an opinion poll to choose another blockchain to host XTM tokens. The Chains listed were:
Personally, I do believe Polygon Network is a fast Chain but as an Ethereum layer 2 solution, I couldn’t vote Polygon. I still see Polkadot Chain as emerging and more of hype for now, Cardano hasn’t taken off fully and people only shill the coin with Hoskins’s name. I voted Binance Smart Chain and majority of Landers voted BSC too.
The result? Torum XTM expansion into Binance Chain with another contract. Torum XTM thus became Multichain as we can now choose to trade our earned XTM either on Ethereum Chain (EXTM) or on Binance Chain (BXTM)
Importance of XTM going Multichain
Gas fee on Ethereum network is rising daily and stifling trading/swapping of low marketcap coins as gas fee can far exceed the actual trading value.
Just recently, the price of 1UP went up with almost 300 percent and I intended trading about 20,000 of my 1UP. When I initiated a swap on Uniswap, for a trade of about $210, I was charged almost $80 as gas fee! I believed the fee is ridiculous and cancelled the trade. If I were to swap same amount of 1UP token on Binance chain(Pancakeswap), I’ll be charged less than $6 for the transaction as fees.
Torum going Multichain is an attempt at giving each member of this crypto based ecosystem community, oldies and newbies alike equal opportunity to trade and profit off their trade on any of the two chains.
Torum Finance
Torum, alongside one of its strategic and technology partner, Blocklime (Blocklime provides personalized blockchain development and services. From research to integrating blockchain solutions, Blocklime specializes in building custom and secured blockchain applications that takes your business to the next level) will integrate a complete DeFi staking platform (Automated Market Maker platform) on Torum social media site. The staking platform will be known as Torum Finance and will have it’s governance token which can only be earned from Torum Finance and will be tradable on DEXes.
Torum Finance will be built on Binance Smart Chain by Blocklime to ensure all community members can participate without having to worry about high gas fee on Ethereum network.
The development of Torum Finance will be in three phases as listed below;
**Phase 1** – ETH x BSC Bridge (cross-chain transactions)
**Phase 2** – Liquidity Farming * Shard-Dust Multipliers + Metamask Integration
One more reason you need to buy Binance coin as a lander as you'll be staking your XTM against BNB.
**Phase 3** – DeFi x NFT Staking Mechanism
You see why those Shards on Torum matters?
These changes will affect XTM TOKENOMICS and as such, a new Whitepaper to reflect these changes will be coming out soon. As for CEX listing, that is still confidential as of now, and an announcement will be made soon about it.
If you are interested in becoming part of this great initiative called Torum, below is my referral link and we can both share 150 XTM equally and I'm sure you'll love it on Torum.
https://www.torum.com/signup?referral_code=wumeepope
Torum XTM listing on exchange soon
It is no longer news that Torum has reached its Presale hardcap of $500,000 and the Presale has come to an end. What is newsworthy though is the upcoming listing of Torum native token, XTM on an exchange.
Torum core team is in the process of perfecting all modalities with this exchange of choice and all listing information, including the initial listing price will be communicated to XTM investors and Torum users in due time.
In preparation for listing, and keeping up with Torum roadmap, Torum will soon release various XTM utilities in Torum ecosystem. I'll prefer to leave you guessing on this soon to be released updates but I'll drop the graphic below as a teaser of what to expect.
Torum Ecosystem
Steadily, the membership strength of Torum, as well as the level of engagement is on the rise as the next target membership strength is 50,000.
According to Alexa ranking on global traffic, over a period of 90 days, the site has moved 152,000 places and it's currently ranked 50,580 position.
During same period, the level of engagement on the site has increased by 50% to an average of 3.9 daily page views/visitors, bounce rate has reduced by 23% as people now stays on the site on an average of 7.23 minutes, which shows an increase of 6%.
For better context, one of the site similar to Torum is Uptrennd and below is the site metrics of the two sites over a 90 day period.
Torum NFT Marketplace
Recently, before the completion of the Presale, Torum core team handed over the almost completed NFT Marketplace sure to community members skilled in this regards for their inputs.
According to it's Whitepaper, one update to look forward to is the Mining rig. What again is there to mine on Torum aside XTM? With DEGO TreasureLand NFT mining with DEGO tokens, I'm sure you can guess one of the end products of Torum Mining rig. The core team announced our non tradable collectibles will be useful once the mining rig starts. Are you expectant?
I'm eagerly waiting for the next updates on Torum as we are set for a trip to the moon. If you are interested in taking a ride with us, you can sign up with my referral link and we can both share 150 XTM into two equal halves.
https://www.torum.com/signup?referral_code=wumeepope
DEGO finance. DeFi+NFT
Dego Finance is a NFT+DeFi protocol and infrastructure with two functions:
Acts as an independent and open NFT ecosystem drawing users to the blockchain space. The NFT Suite offers services covering the full NFT lifecycle; issuance of NFTs, auctioning and trade of NFTs arts.
Dego Finance claimed it's building an NFT protocol to provide a cross-chain Layer 2 infrastructure. It is also Multichain so as to enable projects on blockchain acquires multiple users, distribute tokens, and develop diverse NFT applications on different blockchain.
DEGO NFT Suite
DEGO NFT Suite was designed as a complete suite to manage NFTs from minting to sale. The suite comprised of the following;
**NFT Foundry:** Mint NFTs with unique attributes and rarity grades, by depositing DEGO, ERC-20, or BEP-20 tokens. DEGO Finance's NFTs are backed by the token deposits during the minting process, and can be decomposed to release the deposited tokens.
**NFT Mining:** Stake NFTs and mine rewards on DEGO NFT Suite.
**Auctions:** NFT auctions are carried out in the form of FOMO3D auctions.
**NFT Marketplace:** Users can trade NFTs at Treasureland.
**ScanDrop**: A dApp for users to participate in NFT airdrops by scanning QR codes.
Token
DEGO is the native token of the Dego platform, Multichain on Ethereum and Binance blockchain, as it's both ERC-20/BEP-20 and has the following use cases:
Governance: DEGO token holders will vote on platform parameters to navigate the project’s economics and developments.
Incentives: DEGO tokens are used to incentivize user participation in bounty hunting, referrals and other programs in the future.
NFT Suite: DEGO tokens are required for NFT minting, staking, auction, trading and more.
System Tax: Users who transact with DEGO tokens will contribute to a dividend pool.
Token Allocation
DEGO total supply is 21,000,000 with Ethereum total supply at 9,886,353.861386169 and BSC totalSupply of 499415.44140423957 and has the following allocations;
Public Sale: 10.00% of total supply (2,100,000)
Uniswap Liquidty: 5.25% of total supply
DEGO DAO(Governance): 3.75% of total supply
Airdrop Rewards: 1.00% of total supply (210,000)
Mining Rewards: 80.00% of total supply (16,800,000).
It is worthy to note that, if you provide liquidity on DEGO, you must stake your coins for more than three (3) days. If you withdraw your tokens before 3 days, 10% of your rewards will be deducted and transferred to Dividend pool.
Token Burn
Anytime a transfer of DEGO token is initiated, 0.2% of the transferred amount will be charged as fees. 50% of the fees will be burned while the remaining 50% transferred to the dividend pool
**Referral Program**
On DEGO ecosystem, any user can purchase a unique referral ID for a fee. The fee increases after every 100 unique referral ID. The initial price is 0.1 ETH which will keep increasing by 0.1 ETH after every purchase of 100 referral ID.
The referral program is to second level of invited users and the referee gets 7% of all earnings of first level referral and 3% of total earnings of his referral referrals.
DEGO also run an ambassador program and you can apply following the link below;
https://forms.gle/EVEyY2LUrxJiWovP8
Roadmap
DEGO roadmap can be found here
https://docs.dego.finance/roadmap
Binance Cryptocurrency Exchange is the major market to trade DEGO and it's traded against Bitcoin and Binance USD. It can also be traded in Uniswap, Pancakeswap and Kucoin.
PARTNERSHIPS
Apron Network
Two days ago, DEGO announced on its Twitter handle it has reached a partnership agreement with Apron Network, a DEX infrastructure service platform on Polkadot ecosystem. Apron will provide DEGO with DEX infrastructure service support through cooperation. Apron Network will provide DEGO with node services, data indexing services, and other infrastructure services including pricing and random number in the future, to help DEGO Finance develop rapidly.
Clover
DEGO also entered into a strategic partnership with Clover to conduct in-depth cooperation in the field of NFT and DeFi and to also provide richer use cases for Polkadot ecosystem.
DEGO team as an NFT+DEFI aggregator through this partnership intend to complete the combination of NFT upper-level applications and underlying protocols by a Polkadot Parachain built through Substrate.
The first event on the agenda is the migration of TreasureLand from the DEGO ecosystem to Clover. Clover is a smart contract platform that enables Ethereum ecosystem seamless migration to Polkadot ecosystem by minimizing the changes required to run existing Solidity smart contract on Polkadot.
Mathchain
Today, 15th March, DEGO announced a new partnership with Mathchain where both parties will conduct in-depth cooperation in the field of NFT and DeFi and jointly work on deepening NFT products and use cases for Polkadot ecosystem.
Seascape
The Seascape team is partnering up again with the amazing team over at Dego Treasureland, for a Seascape and DEGO NFT beach party. This event will start on 17th March,2021 (12pm UTC) where DEGO will open a brand new mining event for NFT fans.
The trio of Apron Network, Mathchain and Clover are Polkadot ecosystem based and these partnership only prove the resolve of DEGO to be completely Multichain.
Recently, with over 78% of the DEGO community voting yes, DEGO moved 50% of it's liquidity from Uniswap to Pancakeswap as a result of high Ethereum gas fee.
