Despite Africa displaying significant economic growth in recent years, the continent is still facing numerous hurdles towards widespread economic growth. In 2019, the African Development Bank reported that Africa's economy experienced a 3.4% growth -the same economic growth rate experienced in 2018. Nonetheless, the economic growth was uneven across the continent's region with Nigeria, Morocco, Algeria, Egypt, and South Africa, displaying the most considerable economic growth. The top economic performers were South Sudan (8.2%), Rwanda (8.1%), Côte d'Ivoire (7.3%), and Ethiopia (7.2%).
Although Africa continues to display significant economic growth, it's still far behind in the world economy. Africa is home to 17% of the world population but only contributes 3% to the global GDP. The World Bank reported that Africa was the world's poorest inhabited continent with its total combined GDP barely a third of the United States GDP.
Several long-standing challenges continue to hold back economic growth. Despite the enormous potential in terms of natural resources, Africa has experienced European colonization, slavery, and exploitation of its natural resources by western countries. Economic instability was also made worse by the subsequent challenges created by decolonization and worsened by poor leadership.
Nonetheless, Africa can still secure substantial economic growth, thanks to the United Allied States (UAS). UAS seeks to establish a worldwide, sovereign nation of states that will offer its citizens an unparalleled level of freedom and prosperity. UAS will facilitate economic growth by utilizing values that foster wealth creation and promotes the importance of individual freedoms and free enterprise. In Africa, UAS will undoubtedly elevate the high poverty levels by improving living standards via an all-inclusive economic growth. Here is how Africa can secure its long-term economic growth using UAS.
Factors Limiting Economic Growth in Africa
Like many other continents, Africa has always been concerned with achieving high and sustainable economic development. However, the process of generating sustained economic growth in Africa is faced with numerous hurdles, including;
Poor infrastructure is a leading contributor to low economic growth in Africa. Researchers at the Overseas Development Institute agree that the lack of infrastructure in many developing countries represents one of the significant limitations to the Millennium Development Goals' economic growth and achievement (MDGs). The return on infrastructure investments is quite lucrative amounting to 80% for roads, 40% for electricity generation, and 30-40% for telecommunications. Infrastructure development in Africa from 1990 and 2005 was the major contributor to the continent's improved growth performance between 1990 and 2005.
Whether the impact of colonization in Africa led to the African economy's stagnation or growth is still contentious. Some researchers consider Africa's colonization by Europeans a crucial step in opening up the continent for economic development. However, the European colonization may have had the upper hand in slowing down economic growth by exploiting natural resources at low cost to enrich their countries.
In Walter Rodney's book "How Europe Underdeveloped Africa," European nations imposed detrimental colonial policies responsible for many of Africa's modern problems that hinder economic growth. Colonization may have made Africans adopt a lasting physiological sense of inferiority and subjugation, creating a barrier for growth and innovation.
Economic Protectionism in Developed Countries
Economists argue that economic protectionism in developed countries hinders Africa's growth. Africa majorly exports unprocessed agricultural products, which usually fetch low returns in the international market thanks to high import tariffs and subsidies in the developed world. Also, African exports are less competitive in global markets due to state over-regulation, usually through taxation. Low competition leads to decreased returns, which drives farmers out of the market, increasingly undermining economic performance. For African countries to develop, there is a need to create a favorable environment for exporters to enhance exports' competitiveness in the global market.
Years and years of corruption in African states marked by run-away theft of country resources have led to low economic growth levels. Corruption in Africa is at extremely high levels and predominantly consists of charging economic rent and moving the resulting corruption proceeds overseas instead of investing in the home countries. African countries, notably Zimbabwe and Congo, faced economic collapse due to widespread corruption with their leaders stashing the stolen wealth abroad for fear of being confiscated by their predecessors.
How will the United Allied States Lead to Massive Economic Growth in Africa?
The United Allied States seeks to establish sovereign states in partnering nations. These states will function as convenient economic zones that will spur economic development by providing the necessary resources for economic growth, economic opportunities, develop infrastructure, provide energy, and essential resources.
UAS was developed with the intent of creating economic freedom across the globe by enabling a free-market economy, protecting and preserving individual rights, and minimizing excessive taxation and government regulation.
UAS makes possible laissez-faire market conditions, notably low regulations, low taxes, and empowering businesses to innovate and grow economically. Under the free-economy, individuals and companies in UAS states will pay 0% personal income tax and 0% corporate tax, respectively.
In Africa, UAS will facilitate unprecedented economic growth levels by offering favorable policies and environments to stimulate economic growth. UAS states in Africa will limit government interventions, reducing politics, and guaranteeing individual rights for its citizens to prosper. What's more, the UAS states will offer better job opportunities for the unemployed African population to improve their living standards. All the UAS states will be interconnected with blockchain technology enabling a high level of transparency eliminating corruption.
Despite Africa's economy being among the fastest-growing economies in the world, the continent is still undeveloped. Poor infrastructure, colonization, and years of run-away corruption have greatly hindered economic growth. However, all is not lost in Africa thanks to the United Allied States- an independent entity that seeks to establish a sovereign nation of states, each offering its residents an unparalleled level of freedom and prosperity.
In Africa, the sovereign states will facilitate economic growth by increasing local economy investments, offering employment opportunities, enhancing infrastructure, and opening up the continent for foreign investment. UAS will enable Africa to secure its long-term economic growth to become a developed continent in the long run.
There has been a lot of commotion coming from the blockchain sector in 2020. This year saw some of the most advantageous projects enter the sector in quick succession. Each of these projects contributes to the growth of the entire blockchain market as a whole. Today, this sector encompasses thousands of different cryptocurrencies.
While many of these cryptocurrencies are just duplicates of other more popular platforms, here are some that stand out like a lighthouse in the night. These platforms are the brightest and best in the industry at this moment. They incorporate the most advanced technology in their networks have the level of support needed to push projects through with success.
Apollo is the most advanced blockchain to date. This revolutionary protocol provides developers with a new level of programmability that was previously unavailable. Apollo was built from the ground up to cater to the Dapp development community.
The first thing Dapp developers notice when they arrive at Apollo is that it has a very easy to use backend. This interface is concise and makes it simple for developers to conduct all of their construction efforts. Consequently, Apollo continues to garner more attention from the Dapp community.
Apollo is also great for those of you who aren't blockchain programmers. The platform allows any firm to issue and launch a token with minimal effort. Users also utilize this blockchain to validate digital identities and conduct atomic swaps. Atomic swaps are cross-chain transactions.
This flexibility hasn’t gone unnoticed by the market. The Apollo network has a myriad of government and commercial pilot programs underway. In this way, Apollo’s community continues to expand.
In addition to its convenience factor, Apollo integrates a variety of top-notch security protocols to keep your assets safe, For example, Apollo is the only Quantum resistant blockchain available to the public currently. With Quantum computers approaching public release, this is an issue worth considering.
Investing in Apollo is easy and only takes a couple of minutes to complete. Apollo is available on a variety of notable exchanges. One of the most popular exchanges to find this coin is at the BitMart exchange
GSX is another amazing project to keep your eyes on in 2020. GSX is the only stablecoin on this list and for good reason. It’s the only Quantum resistant stablecoin in the world.
Unlike many of its competitors, GSX is pinned to Apollo Finances’ large gold mining operation. Considering the vast amount of fiat currency flooding the economy recently via stimulus packages, it’s safe to assume that widespread inflation is sure to follow. Gold is one of the best ways to avoid inflation.
In fact, when inflation rises, gold prices rise sharply. Gold serves as a safe haven during times of uncertainty. GSX combines the best features of gold and cryptocurrencies to create a unique financial instrument that is able to store value and process daily transactions. Impressively, GSX has a transactions-per-second (tps) rate on par with national payment processors such as VISA.
Unlike other gold-backed tokens in the market, GSX investors hold true ownership over the entire mining operation, not just the gold bullion. This ownership extends to all mining equipment, land, and gold in the vault. As the value of the land and gold increases, so do your dividends. GSX is only available via pre-sale at GSXCDE.com. The firm has some aggressive discount of up to 50% on all investors.
SUN coin is another project that has captured the attention of the market. This DeFi platform seeks to get in on the current yield farming craze. Yield farming is a decentralized lending strategy that enables regular users to lend out their crypto and earn sizable interests. In some cases, the interest equals 100% ROI.
The man behind the concept is none other than Justin Sun. He is best known as the founder of the TRON blockchain. As such, it shouldn't be a huge surprise to learn that SUN COIN utilizes the TRC-20 protocol. TRC-20 is the token standard for the TRON ecosystem.
TRON entered the market with the goal to usher in the age of the decentralized internet. The company's CEO is constantly making headlines for his vocal support of the crypto community. Notably, Sun is the protégé of Alibaba's Jack Ma. Consequently, TRON has a strong following in the market.
Another interesting project related to the SUN coin project is the HyperSun blockchain. HyperSun is basically the test network for the SUN COIN project. The blockchain is set up to run with a faster metabolism in order to allow developers to quickly assess the effects of different governance protocols on the network.
What’s really cool about this project is that SUN didn't launch the platform, a group of SUN supporters stepped up to create this testing chain protocol. Few coins have support to this extent.
ATOM is unique in so many ways. For one, ATOM is the utility token for the COSMOS blockchain network. This network is more than just your traditional blockchain. Instead, COSMOS is like the internet of blockchains.
The developers behind this project seek to categorize and classify every blockchain in the market. Then, through the COSMOS ecosystem, allow users to easily search and utilize whatever blockchain best suits their needs. In this way, COSMOS plays a valuable role in the expansion of the entire market.
Today there are more blockchains than ever. As such, developers have begun to focus a lot of effort into creating cross-chain protocols. These codes allow users to leverage multiple chains without having to convert over to the other ecosystem directly.
Top 3 Blockchain Projects - 2020 Edition
Now that you know what projects really pushed the boundaries of innovation in 2020, you are ready to make a well-informed investment decision. Remember, always DYOR and stick to reputable companies and developers. All the projects in this list exemplify the spirit of the decentralized economy and are sure to see some healthy gains.
CoinStats is a real-time crypto tracker that seeks to simplify the entire investment sector through the integration of advanced monitoring technologies and a friendly user interface. This unique app provides users with a one-stop-shop for all everything crypto. Specifically, users can manage and trade digital assets directly from the Dapps intuitive portal.
What Problems Does CoinStats Fix?
Let’s face it, investing in cryptocurrency is a time-consuming process that requires you to learn and apply new knowledge constantly. While some people possess the mental aptitude to handle these tasks off the rip, most people need a few go-arounds before even the terminology of the sector sets in.
In this way, investing in cryptocurrencies can get to be a bit overwhelming for your average user. The entire process of monitoring different developments across different platforms is extremely tedious. Additionally, these issues only get worse when you begin to incorporate multiple platforms and exchanges. CoinStats simplifies these problems.
CoinStats integrates a proprietary cryptocurrency tracking tool that allows you to monitor your assets with ease. These advanced monitoring protocols allow users to receive real-time pricing for over 8,000 digital assets. Even more impressive, the platform can gather this information from 250 crypto exchanges.
From here, you can easily set up alerts for market movements that you want to be made aware of. The app possesses unmatched flexibility in this sector. For example, you can set alerts for price movements (pumps/dumps), news, project updates, and other relevant indicators. You’re never out of the loop with CoinStats.
Another major issue facing investors in the blockchain sector is data overload. There is just so much going on. Whenever you have an emerging industry coupled with new technologies, the outpouring of developments is almost impossible to track.
Luckily, CoinStats streamlines this process for you in an interesting way. The Dapps interface is fully customizable and provides you with all the relevant details you need to make the most informed investment decisions possible. In this fast-paced market, these tools play an integral part in any investor’s strategy.
Along with so much data, there comes the problem of how to store and access all this new information. It does you no good when there exists a platform tailored to suit your needs, yet you are unaware of its existence or how to access it.
CoinStats allows you to keep your data organized. You can set what information you desire to see in the news tab. This customizable feature provides you with the ability to decide if you want items such as the latest news, bullish news, bearish news, or news on specific projects.
As with most tech-related industries, the news plays a major role in the direction of the market. Staying up-to-date on all the latest regulatory developments in the sector is a great way to guide your investments to success. For example, if the news reads that the EU or the US recognizes Bitcoin as a legal tender, you can expect prices to skyrocket. Don't miss the boat with CoinStats.
How CoinStats Works
CoinStats integrates a variety of proprietary technologies to create a fully immersible cryptocurrency experience. Primarily, the platform simplifies the entire process via its easy-to use-interface. This portal allows investors to keep track of all crypto prices, project developments, and news at a glance.
Signup is easy. You just go to your Google or Apple store and download the Dapp. Once it’s downloaded, you can complete registration in minutes. Linking your exchanges and wallets to CoinStats is easy also. However, you will need to create a view and trade-only API to take advantage of the most advanced features of this platform.
Integration is another powerful aspect of CoinStats. Yes, you can track your portfolio manually, but who wants to do that. Instead, link your crypto exchange accounts via API. CoinStats is incredibly flexible in this way. Specifically, the platform supports Binance, Binance US, Bitfinex, Bitmex, Bitso, Bitstamp, Bittrex, Bitmax, CEX.io, Coinbase, Coinbase Pro, Deribit, Gemini, IDEX, HitBTC, Huobi, Kraken, KuCoin, Liquid, OKEX, and Poloniex.
CoinStats also provides users the ability to sync wallets on Ethereum, Ethereum Classic, Bitcoin, Bitcoin Cash, Binance Chain, Litecoin, XRP, Siacoin, NEO, Dash, DeepOnion, Cardano, Tron, IOST, EOS, WAVES, and TEZOS. This feature is just one more way that COinStats empowers investors and frees up your time.
Where to Get CoinStats
CoinStats is available for download at both the Google Play Store and Apple Store. The program has high ratings on both platforms. On Google, the Dapp has a 4.7 rating with 5000 reviews. The Apple Store shows a 5.0 rating with over 40,000 reviews.
Free vs. Paid Subscription
You have two options when you download CoinStats - Free and Pro version. Both versions of this software are filled with features that are sure to simplify your life. However, for the $40/per year price tag, the Pro version of the software delivers above and beyond what you would expect. The company also offers a lifetime membership for 0.02 BTC.
If you are the type of investor that wants access to the best tools in the market, then CoinStats Pro is the right choice for you. As a Pro member you get:
Detailed Portfolio Analytics
Open Fill Notifications
Auto on New Listings
Pump and Dump Alerts
CoinStats Here to Save the Day
It’s good to see platforms like CoinStats take the time to focus on what investors really need. This Dapp integrates a combination of features that makes it one of the most helpful platforms in the market. You can expect CoinStats to continue to garner attention as more investors become aware of this revolutionary platform.
Trading and generating income from cryptocurrencies can be tedious and challenging. Crypto mining has been the main way to release new coins into the crypto world since the introduction of bitcoin in 2009. Unfortunately, mining comes with several significant problems. Among them are the high energy costs, vulnerability to cryptojacking, and centralization of the mining process. Attempts to streamline the processes have proven futile.
Fortunately, there has been a rise in the use of the Proof of Stake (PoS) protocol in cryptocurrency income generation. PoS coins don't consume a lot of energy or require expensive hardware to generate, making them more profitable than other coins. This rise in interest in the protocol has also led to the rise of staking-as-a-service platforms like MyCointainer.
Mycointainer is making profit generation easier without users needing first hand experience. MyCointainer is the ultimate platform that provides automatic staking and masternode services to crypto traders.
MyCointainer in a Nutshell
Mycointainer is an automated online staking and masternode platform that generates profit for its users in the form of stakes. The objective of the platform is to assist its users to trade coins and make a profit in the form of stakes. Staking involves collateralizing cryptocurrency, to get a chance in participating in transaction validation and block completion. The investors get staking rewards as a profit for holding their cryptocurrency.
This platform offers excellent products and services and educates people on how to get even more rewards. Currently, MyCointainer offers tens of digital assets, including Tezos, Kava, Cosmos, Tether, Neutrino dollar, bitcoinPos, Horizon, terracredit, Rapids, Energi, Waves.
The platform adds over 40 new assets every week and will soon cover all the crypto assets.
The company is registered in Estonia by FIU intelligence to crypto exchange and wallet management services. It's licensed under the number FRK000469 & FVR000557, and their address is Tornimae tn 5, 10145.
How Does It Work?
First, individuals need to select a useful asset, purchase, and send it to their MyCointainer staking wallet. MyCointainer uses proof of stake and masternodes to calculate and generate profits.
A masternode is a form of server in the blockchains that can complete unique functions and execute private transactions. Masternodes keep real-time copies of the blockchain. Masternodes focus on staking a given amount of cryptocurrency within the currency's blockchain. The stake acts as collateral to ensure that investors won't try to mislead the system by having a stake in the system.
MyCointainer automatically grants permissions of the shared masternode staking, to all the investors subject to the benefits. All rewards therein depend on the value of the stake. The higher the staking value, the higher the generated reward. What makes this platform unique from others is that every user, even those with limited coins, can benefit from their stakes.
MyCointainer automatically generates rewards with an average reward fee for 59 cryptocurrencies being 1.91%. Even if the value of the stake is low, all investors get a share of the reward. Every reward is subjected to compound interest, so the longer you stake the higher your rewards.
Completing a Deposit or Withdrawal from MyCointainer
Most stalking wallets have a minimum amount of currency to purchase. However, MyCointainer has neither a deposit nor a withdrawal limit.
To deposit fiat on the platform, you need to choose the currency from the wallet then deposit. The process of withdrawing is akin to deposit; only you choose the withdrawal option. Completion of all withdrawals takes just 24 hours.
Some of the fiats supported include Pound Sterling (GBP), Polish Zloty (PLN), Swiss franc (NOK –CHF), American Dollar (USD), Euro (EUR), and Norwegian Krone
MyCointainer Power Subscription Plan
MyCointainer platform offers different subscription plans through MyCointainer Power. The basic subscription plan is free. However, it gives partial benefits to the plan. MyCointainer also provides other plans that offer more service to users.
The platform gives the power plus option. This option has shared masternode access to all assets and completely covers the costs of running nodes. The monthly subscription to the power plus choice is 3.90 euros.
The power max option provides a 0% staking fee on all assets. Moreover, it offers VIP giveaways to its users. The average price for the power max option is 13.99 EUR.
The power percent option comes with a vast range of services and benefits, including all those in power max. This option's price is 39.90 EUR per month.
Benefits of MyCointainer.com
Rewards aside, MyCointainer platform brings a wide range of services and advantages for users compared to other staking platforms.
Convenience- The application is accessible both from the google play store and the AppStore.
User friendly- Allows easy access to the dashboard and the processes of depositing and withdrawing are straightforward.
Users have unrestricted access to MyCointainer; thus, they can easily invest.
The platform comes with added safety for users' assets. That's owing to the registration of the company to a regulating authority. Moreover, the platform uses multiple-factor authentication techniques to prove ownership.
Diversity- Users can choose from a wide range of crypto assets and stake all major PoS coins using the platform.
The support team is always online to assist anyone who encounters problems staking.
State of the art technologies and data encryptions bolster the privacy and security of all details. Moreover, the platform does not sell any private information to unwarranted persons.
MyCointainer's future power plan will foster faster crypto adoption globally. They plan to achieve that by giving everyone equal benefits from rewards that come from various digital assets. MyCointainer is working to better the service provision. The platform plans to introduce better services in the coming years and to feature even more crypto assets.
MyCointainer will offer great value to customers, product design education, and excellence. It's planning a future of partnering with new platforms, teams, exchanges, and entrepreneurs to complete its future projects.
Numerous crypto traders have held on to the idea that profit-making is merely through buying low and selling high. However, the platform has proved that there are innovative ways to make profits once you join the crypto market. MyCointainer provides users with an excellent network to maximize profits. It is by far the most reliable platform for crypto staking.
Users with the least number of coins can still enjoy the benefits of convenience and diversity. Even better is the subscription plan, which gives one primary option and two power options. All this bolsters the service delivery to investors.
Even with low stakes, users can still share in the rewards. To increase their returns, however, investors are supposed to put an even higher stake. MyCointainer is working towards faster crypto adoption, all thanks to its rewards. It's by far the best staking platform for maximized rewards.
Analysts from across the crypto-sphere were caught off-guard by the sudden 22% increase in Binance BNB tokens this week. At first, people thought this influx of capital was the start of a pump-and-dump scheme. However, after reviewing the data, it turns out that the increased demand was the direct result of the launch of the BurgerSwap platform.
The steep appreciation surprised many in the market. Especially once it was revealed that BurgerSwap only launched 24 hours prior. Since the launch of this revolutionary protocol, there has been a record number of transactions on the Binance Smart Chain. These stats continue to drive interest in BurgerSwap to new heights.
What is BurgerSwap?
BurgerSwap is an open-sourced democratized automated market maker. Developers launched the project with the purpose of decoupling the interest generation and productivity providers in the market. Notably, this platform resides on the Binance Smart Chain. As such it enjoys access to a variety of helpful features.
Another Tasty Platform
Following along the lines of SushiSwap, in terms of names, developers choose to stick with another crowd favorite - burgers. Developers built BurgerSwap as a replacement for the SushiSwap project. Discussing their improvements, the team spoke on their approach to the market and how it differs from SushiSwap. Lastly, they spoke on their core goal to make DeFi accessible for everyone.
What Problems Does BurgerSwap Fix?
One of the main drawbacks of many DeFi projects currently in the market is the reward distribution mechanism. This mechanism resides inside a smart contract that automates the processes. However, the current market standard leaves investors guessing as to their exact rewards. BurgerSwap introduces a new implementation of the ERC-2917 token standard to alleviate these concerns.
ERC-2917 improves the power of Uniswap. To accomplish this task, the protocol alters both the incentive model and community governance systems of the network. Additionally, the BurgerSwap protocol abstracts the interface for the interests generation process which further streamlines the entire process. Specifically, the update makes it much easier for wallet applications to collect vital DeFi metrics.
The BurgerSwap platform utilizes proprietary coding to provide users with a better UX compared to SushiSwap. This advanced coding was built from the ground up and is not a duplicate or copy of other platforms in the market currently. Additionally, the coding for BurgerSwap is open-sourced. Open-source projects are far more secure because they allow the community to test the merits of the code.
Binance Smart Chain
BurgerSwap is a democratized exchange that resides on the Binance Smart Chain. Binance Smart Chain enables fast, cheap, and secure payments globally. Additionally, the platform is EVM compatible. Today, there are multiple assets listed in its BEP-20 format, with more entering the market weekly.
One of the main advantages of the decision to launch on Binance is convenience. For example, all tokens have BNB pairs. In addition, each asset will also feature a direct BURGER pair. Importantly, this pair needs to account for at least 1% of the liquidity of the asset to be eligible for mining rewards from the platform.
Who is Behind this Amazing Project?
While the exact details of everyone on the BurgerSwap project are still shrouded in mystery, some details emerged recently. For one, the entire development is self-funded. As such, everyone that works on the project receives no salary for their efforts. Also, developers announced they have no intention of conducting any ICOs for the project as well. The only compensation the team receives is 10% of all the fees.
Burgers for Everyone
The numbers don't lie. BurgerSwap hit the track in full gear. This unique platform provides much-needed liquidity. Additionally, it demonstrates some of the benefits found on the Binance Smart chain. You can expect to hear more about BurgerSwap as the market continues to show an appetite for something new.
The Falcon project has emerged as a dynamic and innovative DeFi platform that incorporates two interchangeable blockchains to form a robust network.
The hybrid blockchain model allows users to choose the best blockchain regarding speed, convenience, anonymity, and privacy.
An official tweet from the Falcon Project on Sep. 5 revealed that work in the Falcon blockchain would be fully completed in Q4, 2020. The exciting development means that users will soon behold the FNC privacy coin in their wallets.
The Project is also preparing to offer liquidity pools soon on top DeFi platform Uniswap in a move that promises to disrupt the DeFi sector's dynamics.
Those who maintain the liquidity of the FNT / ETH pool on Uniswap will receive rewards in the FNT token, the so-called farming, which has already become a trend this year. We also have information on updating the falconofficial.com website to reflect these changes.
What Does the Falcon Project Offer?
The Falcon project, which launched on Feb. 2, 2020, brings a unique approach to decentralized finance with its ERC-20 token-based payment system and anonymous hybrid blockchain.
The venture seeks to integrate FNT (ERC-20 token), which runs on the Ethereum blockchain, and Falcon Project's coin, FNC.
FNT serves as the Project's official digital asset and allows for speed, simplicity, and convenience while offering a comprehensive bonus system for holders. The token allows for unrestricted listing on exchanges and is thus tradable with other digital coins.
On the other hand, the FNC coin is designed to uphold privacy and enhance security when making transactions on the blockchain. The coin offers holders features such as choice of anonymous and open transactions, passive pool staking, and convenient wallets.
Due to its focus on anonymity, FNC coin cannot be listed on exchanges but can be swapped for FNT in the ratio of 1:1 if a holder wishes to trade on platforms such as Falcon's new partner OKEx.
Falcon aims to fully integrate FNT and FNC into everyday life for transactions or receiving payments conveniently and privately. Users can easily swap FNC for FNT via the swap form found on the website or via the Falcon project's telegram bot.
About Falcon’s Unique Reward System
Falcon implements a different chain for its rewards system, the ERC-1155, token, referred to as a voucher. The system employs a Proof of Hold (PoH) mechanism where users swap ERC-20(FNT) tokens for ERC-1155 token to earn rewards.
To participate and earn rewards, users must deposit a minimum of 500 thousand FNT tokens. They then need to swap their FNT for a voucher equal to the amount they wish to freeze and earn lucrative returns.
With the FNT value going up in recent months, Falcon recently introduced 500,000 FNT vouchers to make the POH rewards more affordable to users. All voucher holders earn dividends of 10% every three months or 40% per year.
In a Sep. 8 tweet, the Falcon team announced that it had set a sales record on the Enjin marketplace by selling a 50M FNT voucher for about $10K.
The Project now plans to release the first round of payment to voucher holders and start burning tokens from the frozen fund.
Social media security has been suffering a huge blow, especially in the year 2020. For instance, in July 2020, more than 130 twitter accounts were compromised, and the attackers gained $120,000 worth of bitcoins. Moreover, TikTok, another famous social network platform, has this year faced several accusations of fetching US data on behalf of the Chinese government.
The issues clouding the networking platforms discredit the long built social networking name. Insecurity and privacy issues make many lose their trust in the existing social networks. Among the security threats are phishing attacks, where attackers fraudulently acquire and take advantage of private information.
Types of Phishing Attacks
There are several types of phishing attacks, all with the capability of inflicting severe damage to the attacked:
Spear Phishing- In spear phishing, the hacker has details about their prey, and they use the details to send a malware email to the target.
Smishing and Vishing- Smishing and vishing involve direct phone conversations. In smishing, for example, the attackers use SMS to send their malware messages. Vishing, on the other hand, the attackers use direct telephone calls.
Deceptive Phishing- Deceptive phishing involves the impersonation of a legitimate company. Scammers use the name of a big company and make their target trust them.
Whaling- Commonly known as CEO, fraud is where an attacker targets an organization's senior-level staff. Some of these staff are not full-time employees, making them the best target for attackers.
Stratus Ecosystem Hedge Against Phishing
Apollo fintech CEO Stephen Mccullah is working to unveil Stratus. This blockchain social media is an all-inclusive ecosystem that merges all existing social networking platforms' features on the same dashboard. To hedge against hacking and phishing risks, Stratus infuses Apollo blockchain capabilities.
Apollo Blockchain Hub
Apollo blockchain, the most secure blockchain in the crypto ecosystem, will hub this new platform Stratus. The blockchain has several safety mechanisms in place to protect the privacy of communications and transactions.
IP masking is the process of hiding the IP address to remain entirely anonymous when communicating or using the internet. To mask, an individual has to involve a middle server between them and the internet. That means that any details about the machine address and location will not reach the internet; instead, the internet receives the server details. Implanting IP masking algorithms into the Stratus ecosystem will shield all details about individual account owners and services.
Privacy by End to End Encryptions
Attaining privacy in social media is next to impossible. That is mainly because most social networking systems engage in data selling malpractices.
However, unlike any other communication platform, Stratus completely protects users' data. They do that by completely encrypting private data and communications, not leaving any chances of accessing individuals' information.
Keeping the details about communications private ensures that hackers can't get any confidential information. That will, in turn, protect the users from any phishing attacks.
2-factor authentication(2FA) is an account protection method that requires the user to fulfill two verification protocols for complete identification. The protocol is different from single-factor authentication, which relies on only one verification method. 2FA provides extra security since criminals cannot bypass multiple security protocols.
The blue badge feature protects individuals against the deceptive phishing attempts. This feature is a 'blue digital mark that appears on the bio of prominent individuals accounts. It proves to social media users that an account is official, thus protecting users from deceptive phishing.
Other Benefits Accruing Stratus Use
Stratus is replacing the giant social media platforms like Facebook, Instagram, WhatsApp, Telegram, Youtube, Medium, Amazon, eBay and others. Stratus introduces security and other features that completely distinguish it from other platforms to reinvent social media entirely.
Freedom of Speech
Currently, there is no single social media platform that gives full freedom of speech; instead, all networks engage in social media censorship against warranted content. However, Stratus redefines social media by offering complete freedom of speech to its users. Stratus isn't censoring any solicited content, thus provides influencers with the full benefits of their content.
Increased Influencer Return
Stratus also helps influencers maximize their income using the VIP option. The option allows content creators to earn directly from their viewers by introducing a small charge for every view.
More so, the platform offers product endorsement opportunities; thus, influencers can earn commissions on endorsing products. To ease the donation process, Stratus introduces a one-click donations feature. The feature keeps a record of payment details; thus, the donors will enjoy fast and safe payments.
Stratus is in the path of reinventing social media by eradicating all the issues facing the networks today. Phishing attacks on social networks have led to severe losses to users and investors by taking advantage of private details and transaction details.
Stratus, however, will hedge against all social media phishing attempts. End to end encryptions of the communications and transactions help maintain the details of private information.
Moreover, the platform offers IP masking techniques that shield details of computer IP addresses and many others. To verify the authenticity of users, Stratus introduces the 2FA protocol.
2FA ensures that a user provides two identification details to complete the verification, thus guaranteeing all accounts' safety. Stratus will protect users against any phishing attempts.
WOM Protocol, a next-gen MarTech solution that enables brands to leverage word-of-mouth recommendations, has been added as a portfolio pick of Palm Beach Research Group (PBRG), strongly recommended as “a leader in marketing technology.”
PBRG is a leading investment analysis service with a large portfolio of expertise across stocks, bonds, real estate, private equity, gold, cryptocurrencies, and more. The Palm Beach Confidential newsletter has more than 600,000 subscribers and is run by Chief Editor Teeka Tiwari, one of the premier crypto analysts in the world, and Chief Analyst Greg Wilson.
In January, Melanie Mohr, CEO of WOM Protocol, spoke in Davos around the World Economic Forum 2020, including events such as the CV Labs Summit and Digital Davos. WOM Protocol was presented in front of a blockchain expert panel of judges hosted by Teeka Tiwari, winning the first prize and a feature in the renowned Palm Beach Confidential newsletter.
After months of in-depth due-diligence, Teeka and Greg upgraded the WOM Protocol from a newsletter feature to a full-fledged portfolio pick. This upgrade came, in part, due to the fact that the WOM Protocol is already live and being tested with more than 900 brands--including adidas--and platforms with a network of hundreds of thousands of creators and authenticators.
Jens Willemen, a WOM Protocol advisor and Managing Partner at Kairon Labs, a dedicated algorithmic trading and crypto advisory company, about the WOM Protocol feature in Palm Beach Confidential:
“WOM winning the first prize in Davos and getting covered by Teeka Tiwari is a real catalyst for large scale global exposure. When Teeka announced one of our existing clients that is listed on a respected tier 2 exchange in his Palm Beach Confidential newsletter as a high quality project a few months ago, we saw an organic spike in buying demand for their token. WOM will have the unique chance to convert these new token buyers into ambassadors for the brand and the WOM Token.”
The WOM Protocol, together with the WOM Token, provide a way to reward creators without compromising consumer trust in the content and its creators. The WOM Protocol will become the main marketing channel for brands, targeting the $335 billion annual digital marketing spend, and the main revenue stream for content platforms.
For more info about WOM: https://womprotocol.io/
With digital assets gaining popularity every day, crypto wallets are increasing out in the market. Crypto wallets are very important as they are the means to store digital currencies (including fiat money and digital assets). The main feature that a crypto wallet must provide to its users is security. There are other factors that they must provide as well, such as user friendliness and fast platforms. An example of a crypto wallet that provides security, user friendliness and speed is bitfoliex.
As of today, it is the only crypto wallet that can store Traxalt, a Stellar blockchain based and a fast-growing digital asset, which was launched in June 2019. Currently it has more than 975,800 account holders. Traxalt is currently #2 token in the Stellar blockchain, which represents an immense opportunity for further growth. The main advantages that Traxalt provide to its users are security, speed, transparency and lowers costs. It can also store Bitcoin, Ethereum, and Stellar Lumens.
With crypto wallets users can send, receive and monitor their digital assets. People also tend to confuse digital wallets and crypto wallets. The difference is very simple, digital wallets can store only digital currencies such as fiat money or virtual currencies and they are not linked to any blockchain. Whereas crypto wallets can store cryptocurrencies and fiat money. These are linked to different blockchains and any transaction made with it is recorded in the blockchain. Then can only be used with either public or private keys.
Different types of crypto wallets
There are different types of wallets that provide different ways to store and access the digital assets.
Software wallet: This kind of wallets can be desktop, mobile or online. If it is a software desktop wallet, it has to be downloaded and installed on a PC or a laptop. Online wallets run on the cloud and can be accessed from any computing device and in any location. Mobile wallets run on an app in your mobile device. They are very useful as they can be used anywhere with an internet connection.
Hardware wallet: This kind if wallets store the user’s private key on an external hardware, like a USB. They are stored offline. When users make a transaction with a hardware wallet, they have to plug in the device with the private keys to any internet-enabled device, enter the private key and confirm the transaction.
Paper wallet: It refers to a software that is used to generate a pair of private keys which are printed. If a user wants to make any transaction, the only way it can be done is if the user has the keys printed somewhere and can have access to it. This kind of wallets are ideal if someone wants to store a large amount of digital assets for a long term.
Understanding the main differences between crypto wallets is very important, especially if the intended use is to trade frequently or to store for long terms. It is also important that users are aware of the different assets that wallet options can store. Software wallets are the most efficient crypto wallets for active trading and storing for short or medium term. Hardware or paper wallets are ideal if the user will store the assets for a long period of time.
Weiss’ significant technology and entertainment industry experience includes his current role as General Partner and Chairman of Global Blockchain Ventures and as former President, Worldwide Operations, Disney Parks and Resorts
Dubai, UAE, July 21, 2020, PlayFuel, the company bringing the power of blockchain technology to the gaming world today announced that Al Weiss was appointed Chairman (non-executive) of PlayFuel (PLF)-PFL International FZ-LLC (PlayFuel).
PlayFuel has created a platform that allows developers to earn revenue by integrating blockchain technology into their games. A key part of its platform is its successfully introduced PLF utility-token based on the ERC-20 standard. Players of PlayFuel enhanced games mine PLF-crypto tokens just by playing. Tokenized blockchain gaming will allow players to trade their tokens in various digital asset exchanges, while building confidence in exchanging authentic in-game items, as blockchain will remove fake and repetitive ones. For game developers, it provides a means of fairly and reliably monetizing their creations. PlayFuel believes that blockchain gaming will transform today’s gaming industry into a better, more scalable, and more profitable one.
“Al Weiss helped introduce 1.3 billion Chinese to the modern leisure industry and entertainment experience by opening Disney Parks in Hong Kong and Shanghai,” said Mr. Geun-Woo Lee, owner and CSO, PFL International FZ-LLC. “His outstanding leadership as Disney‘s President of worldwide operations for resorts and theme parks, combined with unrivalled expertise in crypto business will surely give a powerful impetus to PlayFuel.”
Al Weiss is the General Partner and Chairman of Global Blockchain Ventures, a blockchain-focused venture capital fund focused on investing in disruptive, decentralized, and synergistic technology fields to drive real world adoption for economic growth and positive social impact. Prior to that he held multiple positions at the Walt Disney Company, culminating as President of Worldwide Operations for Disney’s $10 Billion+/95,000 employee Walt Disney Parks and Resorts business. He serves on multiple boards and has been a crucial part of many mergers and acquisitions across industries.
“Blockchain technology has the potential to transform virtually any industry, and entertainment is among those with the greatest potential, said Al Weiss, Chairman (non-executive) of PlayFuel. “I look forward to supporting the PlayFuel team in reaching their ambitious goals of transforming the gaming industry for players, developers, and society as a whole.”
PlayFuel is bringing the power of blockchain technology to the gaming world to transform it into a better, more scalable, and more profitable one. Its platform allows developers to earn revenue by integrating blockchain technology into their games. Players of PlayFuel enhanced games mine PLF-crypto tokens just by playing. A key part of its platform is its PLF utility-token which has been successfully listed on twelve top exchanges: BW, Coinbene, STEX, Crex24, Hotbit, DigiFinex, Bilaxy, BigOne, Coinsuper, Exmarkets, Lbank, and Mercatox.