Wednesday, November 10, 2021

Cardano Rumor Rundown November 11, 2021

Hey Everyone!

Let's go...

Newly covered today:

The Catalyst Natives program rolls out with a COTI ADAPay challenge to develop ADAPay plugins for medium & small businesses. https://iohk.io/en/blog/posts/2021/11/10/introducing-catalyst-natives-how-any-business-can-leverage-the-cardano-innovation-engine/
The “Director of Ops” of ENS Domains runs a poll about whether or not ENS Domains or Cardano has more utility. At writing, over 30k voters had surprised him with the answer he didn’t expect.. https://twitter.com/BrantlyMillegan/status/1458268301100990467
IOHK drops a blog entry on optimizing network performance. https://iohk.io/en/blog/posts/2021/11/10/optimizing-cardano/
Looks like we’ll be getting both the PAB & the ERC-20 Converter in the “next several weeks”. https://twitter.com/DanielTetsuyama/status/1458209250950332418
In macro news that could affect Cardano and all of crypto, DMSA reported that Evergrande had officially defaulted, 30 year treasury bonds went vertical, and news of the +6% inflation in the US broke widely. http://www.dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf https://twitter.com/CaitlinLong_/status/1458507405675880452

Previously Covered but still interesting:

In late 2008/early 2009 it turns out Hal Finney was learning Haskell and trying to figure out how to reduce C02 emissions from a (future) widely used Bitcoin. That sounds a lot like Cardano. https://twitter.com/seal_kiman/status/1443593563846193155
Adam Dean gives us a great post-mortem on the network load created yesterday by the NFT drop(s). https://twitter.com/adamKDean/status/1443599818845081600
Wow! It’s looking like Meld has landed a partnership with a mobile provider in Nigeria with nine million customers. Not many details out at this point (Sept 30). But, that certainly sounds like it could be gigantic. https://twitter.com/MELD_labs/status/1443548879966949382
Two factor authentication via SMS once again turns out to be a bad bet. https://bitcoinmagazine.com/business/hackers-rob-thousands-coinbase-customers-sms-mfa-flaw
Grayscale releases a report on Cardano which shocks many due to its (actually) fair reporting. https://twitter.com/Grayscale/status/1443625454146097152 https://twitter.com/cardano_whale/status/1443786596721967104
The Wall Street Journal has dropped a video on stablecoins. A lot of the video surrounds the Tether dollar reserve controversy. It’s notable that Cardano’s Djed solves this. https://www.wsj.com/articles/biden-administration-seeks-to-regulate-stablecoin-issuers-as-banks-11633103156
The Biden Administration has announced they are investigating the prospect of regulating stablecoin providers like banks. https://markets.businessinsider.com/news/currencies/stablecoin-regulation-cryptocurrency-banks-biden-treasury-bitcoin-circle-tether-binance-2021-10
Cardano users on twitter piece together that Charles was talking about visiting u/Pezesha_Africa (in regard to microfinance) in Kenya. This is big because Pezesha operates in countries with a combined population of over $300MM. https://twitter.com/thr33strikes/status/1444898320070086659
Crypto twitter users try to depict US Whitehouse comments out of context to fuel an economic doom narrative. However, if you listen to the whole press briefing, you will understand that these comments were based on a “what if” scenario involving the US debt ceiling somehow not being raised. https://twitter.com/100trillionUSD/status/1445059673401528328
The so-called “Pandora Papers” reveal globally widespread cases of wealth concealment by public officials and bring up the question of whether blockchains like Cardano should take this into account when dealing with nation-state regimes as partners. https://www.icij.org/investigations/pandora-papers/
Remember! There is no mobile Daedalus wallet. There is no browser extension version of Daedalus. These are fakes! They will steal your ADA. https://twitter.com/InputOutputHK/status/1445380773096398853
The “Zombie Lobster” collaboration between Charles Hoskinson and Paul Oakenfold is actually getting coverage by the EDM media outlets! https://edm.com/news/paul-oakenfold-album-cardano-blockchain
dcSpark releases some mockups from the experimental version of its upcoming Flint Wallet. The mockups seem to indicate that the wallet will allow for dApp interaction from hardware wallets. https://twitter.com/FlintWallet/status/1444902727956508674
Charles is interviewed in the Harvard International Review. https://hir.harvard.edu/charles-hoskinson-1/
The Biden Administration has revealed that it is considering an executive order to establish a government wide approach to crypto regulation. https://www.bloomberg.com/news/articles/2021-10-08/white-house-weighs-wide-ranging-push-for-crypto-oversight
The New York Times is now talking about the difficult balancing act the Fed has before it with high inflation and less than promising jobs data creating conflicting priorities. https://www.nytimes.com/2021/10/08/business/economy/fed-jobs-full-employment-inflation.html
Representative Tom Emmer clashes with SEC Head Gensler over the direction of crypto regulation. However, it’s unclear how much Rep. Emmer’s solution (his Securities Clarity Act bill) would solve the problem given that it only relieves issuers of securities regulation burdens after they have already complied with the “registration or exemption” hurdle. https://twitter.com/RepTomEmmer/status/1445465912375590913 https://emmer.house.gov/2021/7/emmer-introduces-legislation-to-provide-certainty-for-digital-assets-under-securities-law
Caitlin Long revisits the articles she wrote years ago about fears of circulation credit in crypto markets. Spoiler: it came and crypto did it to itself. https://twitter.com/CaitlinLong_/status/1446874905241210880
COTI is a licensed payment institution in Singapore. This could get very interesting given their status as the issuer of Djed and the ongoing Monetary Authority of Singapore Blockchain Challenge in which Cardano is a finalist. https://cotinetwork.medium.com/coti-lists-as-a-payment-institution-in-singapore-666c6fcaaab4
Goldman says Evergrande is nothing compared to the potential $8.2 Trillion problem with local government financing vehicles in China. https://www.forbes.com/sites/williampesek/2021/09/30/goldman-flags-82-trillion-threat-worse-than-china-evergrande/?sh=3296c9d515cc https://www.wsj.com/articles/beyond-evergrande-chinas-property-market-faces-a-5-trillion-reckoning-11633882048
Cardano isn’t wrong about Africa. It’s just first. Google is investing $1 Billion in African internet access over the next five years. https://techcrunch.com/2021/10/06/google-confirms-1b-investment-into-africa-including-subsea-cable-for-faster-internet/ https://twitter.com/ghostchainer/status/1445964578257395714
SEC Commissioner Hester Peirce (cryptomom) delivers an opinion piece that investors should be allowed to make their own decisions without SEC paternalism. https://www.cnn.com/2021/10/11/perspectives/sec-commissioner-investors-regulators/index.html
COTI has another AMA that reveals there may be more news soon for Djed. https://twitter.com/theCOTIinvestor/status/1447546724868935684
Heads up: scammers are posing as Yoroi support staff! https://twitter.com/YoroiWallet/status/1446554949782016009
Catalyst Fund 6 has 711 projects on the ballot! https://twitter.com/InputOutputHK/status/1448015757216976903
Coinbase is launching an NFT market. How will this impact the CNFT scene? Coinbase tells us: “...initial launch will support Ethereum based ERC-721 and ERC-1155 standards with multi-chain support planned soon after.” https://blog.coinbase.com/coinbase-nft-is-coming-soon-join-the-waitlist-today-for-early-access-cc7bac29fd72 https://www.cnbc.com/2021/10/12/coinbase-is-launching-a-marketplace-for-nfts.html
Eric Rosengren (who recently left the Boston Fed) let’s us know that the Fed/MIT CBDC project is pretty far along and will release a working paper soon. This would obviously be impactful for all of crypto and for Cardano. https://youtu.be/ivqFo9C2Jdo?t=409
The first project that actually looks like it may one day be a virtual world launches on Cardano and it already has a community built parcel explorer. https://pavia.luiscarlos.pt/
SEC Commissioner Hester Peirce (cryptomom) gave a polite but scathing speech at the Texas Blockchain Summit where she laid bare all the problems with the SEC’s current approach to crypto. After her recent opinion piece and this speech, it’s fair to say that she and SEC Chairman Gensler are in open war over crypto. How this gets resolved will determine the regulatory landscape for Cardano and all of crypto going forward. Sadly, Gensler is in charge and not vice versa. https://twitter.com/HesterPeirce/status/1448011388841037830 https://www.sec.gov/news/speech/peirce-2021-10-08
The Fed may begin tapering it’s Treasury and mortgage backed securities purchases in mid November. This is relevant for the whole economy including crypto. https://www.cnbc.com/2021/10/13/federal-reserve-releases-minutes-from-its-september-policy-meeting.html
Sounds like the Milkomeda sidechain is making good progress. https://twitter.com/NicoArqueros/status/1448447729689059332
Apparently, Putin kind of accepts that crypto might choose to exist. https://www.bloomberg.com/news/articles/2021-10-14/putin-defends-cryptocurrencies-amid-global-regulation-push
Don’t forget: today (Oct 15) is the October Mid-Month Development Update! https://twitter.com/InputOutputHK/status/1448715241961963520
Sounds like Binance was not allowing ADA withdrawals for some period of time. https://twitter.com/Katsumoto87/status/1449723293632634882
The Cardano Africa Tour has commenced with Charles popping up in South Africa. https://twitter.com/IOHK_Charles/status/1449304264849993731
We got a nice Triple H update from Harrison/Hemsley/Hammond joined by Jan Müller in the October mid-Month Dev Update. We learned that we’ll have a maintenance upgrade toward the end of October and then PAB a few weeks later. This is extremely important since it will finally allow for the last bits of dApp buildout. The PAB is already available on the tesnet. The test dApp the team is using is an NFT marketplace. The team is watching as we see high loads around events like NFT drops. But, the network is reacting as expected. https://www.youtube.com/watch?v=XzdTyV5Jejc
Here’s video of the Fireside chat with Charles, Dynal Patel, and John O’Connor at the Cape Innovation & Technology Initiative in South Africa. https://www.youtube.com/watch?v=vmuJFc5Qrr4&t
A brief update dropped from Charles this morning in Africa. https://twitter.com/IOHK_Charles/status/1450124410095030280
Duncan & Sebastien have an interesting discussion on Github that fuels Cardanophobia on the part of ETH maximalists about three weeks later. https://github.com/input-output-hk/cardano-node/issues/3247
The Cardano Foundation is changing its delegation strategy. They will go from primarily delegating to promote decentralization to a new framework focused on delegating to promote ecosystem buildout. https://forum.cardano.org/t/cardano-foundations-new-delegation-methodology-supporting-the-architects-of-the-future/79594
Shahaf Bar-Geffen gives us some more details about the Djed launch. He says IOHK is doing the coding and COTI is doing the business side. https://www.youtube.com/watch?v=dlPmIgJ0tE0
In the Cap Innovation & Technology Initiative Fireside Q&A, Charles mentioned he is talking to Colossol Labs about the possibility of having the Mammoth DeExtinction Project take place on his bison ranch. There are probably some obvious NFT or tokenization use cases there. https://colossal.com/mammoth/ https://www.youtube.com/watch?v=vmuJFc5Qrr4
Three U.S. Senators ask Facebook to discontinue its Novi crypto wallet which just launched. https://www.theverge.com/2021/10/19/22735171/facebook-novi-diem-libra-calibra-cryptocurrency-digital-wallet-zuckerberg-senate https://techcrunch.com/2021/10/19/facebook-scales-back-its-crypto-ambitions-once-again/
There’s a new Frederik Gregaard interview out. https://www.youtube.com/watch?v=uJdRAclhL0Q
People are buying luxury real estate in Portugal with Cardano. https://twitter.com/danny_cryptofay/status/1451113239669092356
Over 292,000 votes were cast in Catalyst Fund 6. https://twitter.com/InputOutputHK/status/1451269575140589577
IOHK announces a partnership with Bondly to create an NFT bridge so that users can move their non-fungible tokens back and forth between Cardano and Ethereum. https://twitter.com/InputOutputHK/status/1451251954496180229
Interesting small thread on how further stumbles by the Chinese economy could affect the global economy which in turn might impact crypto and Cardano. https://twitter.com/i/events/1452290004433125378
Here’s a very nice overview of the Maladex Whitepaper by ADA Whale that breaks down the hidden strengths of eUTxO for DeFi including programmable swaps composability. https://twitter.com/cardano_whale/status/1451835809913470986
The Cardano ecosystem maps are getting so big and dense that they can’t even display logos for the projects anymore. https://twitter.com/Meapool1/status/1450576470133379072/photo/1
There is a report that unstaked ADA is at an all time low of under 8MM ADA. https://twitter.com/IbanxStaking/status/1451944344294883331
Check out this medium article explaining the validator underlying the Spacebudz Market. It’s very elegantly and concisely explained if you have no Haskell/Plutus understanding. It’s even more interesting if you have a tiny bit of understanding of Haskell. https://spacebudz.medium.com/spacebudz-market-71e79d1bbf34
Atala Prism named a top 50 Most Influential Project by PMI. https://twitter.com/IOHKMedia/status/1452544441005248514
Pavia Game Jam is coming. It sounds like they are looking to hire some Unity (game engine) developers and 3D artists. This produce interesting results in a few years. https://twitter.com/Pavia_io/status/1451596816659763213
Charles is releasing some images of meetings with heads of state on his Africa tour. https://twitter.com/IOHK_Charles/status/1452671287977971726 https://twitter.com/IOHK_Charles/status/1452672734580838409/photo/2
There is currently ongoing discussion about the possibility of unexpected tax liability from participation in even Fair Initial Stake Pool Offerings where there are accompanying Initial Dex Offerings. There is even discussion about the potential of exploits that could amplify this unexpected tax liability for all participants. https://twitter.com/mikerogero/status/1452502065381404675 https://medium.com/@mikerogero/tax-implications-of-the-minswap-ido-on-fiso-delegators-and-the-cardano-community-4db219ea8932
We now have a memorandum of understanding with Burundi! https://twitter.com/jjtoconnor/status/1453087264461017092
Fans of certain other Gen 3 blockchains are still getting hilariously worked up when they are confronted with the Messari chart on massive VC ownership of their blockchains. https://twitter.com/TamaraHaasen/status/1452924338047496193
The new IOG stake pool delegations are out. https://twitter.com/InputOutputHK/status/1453041459477819398
Cardano Fans is putting out some really good pieces posed as “Conversations with a Junior Blockchain Developer”. Very educational on the technical advantages of Cardano over other Gen 3 blockchains. https://twitter.com/matiwinnetou/status/1452911202913464328
ETH based platforms are still not faring well at NOT losing the money of users. https://twitter.com/Swag_Stakepool/status/1453392923672915968
dcSpark is making progress on the Milkomeda sidechain. ADA transitions from Cardano testnet to Milkomeda testnet now working. https://twitter.com/Milkomeda_com/status/1453421947157716992
The stark differences between being a validator on ETH and a Cardano validator are once again put on full display. https://twitter.com/evan_van_ness/status/1453133337334272000
There’s a new Djed explainer video out now from IOHK. https://www.youtube.com/watch?v=5-Ozaf_aGNM&t=1s
Cardano 360 October Edition is now out and available! https://youtu.be/R0s3lPG8XDw
The crypto time traveler is back after many months of being gone (i.e. purportedly being in the future). His first prediction after returning was about big news and a crown which was later revealed to concern the health of the Queen. His second prediction was about Cardano and gigantic success. https://twitter.com/CryptoTimeTrav2/status/1452827679300849670
Charles was at the Ethiopian Ministry of Education today. He reports that the onboarding of the five million students is on track. https://twitter.com/IOHK_Charles/status/1453697314187534343
The Ministry of Finance of Ethiopia has posted pics of the Cardano team meeting with them! This is an interesting turn of events. The ministry posted about a “readiness to incorporate avant-garde technology in areas of #Agri Tech, logistics, and digitization”. https://twitter.com/MoF_Ethiopia/status/1453717850766540808
There is a new IOHK blog entry on Mithril. https://iohk.io/en/blog/posts/2021/10/29/mithril-a-stronger-and-lighter-blockchain-for-better-efficiency/
You might have missed this IOHK blog entry on how dApp certification will be incorporated into the new light wallet (I know I did). https://iohk.io/en/blog/posts/2021/10/25/new-certification-levels-for-smart-contracts-on-cardano/
The Cardano dApp Store is looking like it’s going to be amazing. Curation & certification without gatekeeping is a great solution to preserve decentralization and maintain censorship resistance. https://summit.cardano.org/sessions/redefining-dapp-discovery-bringing-dapps-to-the-mass-market
There’s also a new update on Crypto Bisons! https://iohk.io/en/blog/posts/2021/10/28/buffalo-soldiers-march-to-the-heart-of-the-blockchain/
Charles released a new AMA from Ethiopia! https://www.youtube.com/watch?v=L5au7JEPMaM
The U.S. President’s Working Group on Financial markets has published its Stablecoin Report. No surprise: they want to regulate stablecoin issuers as insured depository institutions with federal supervisors and to curtail their affiliation with commercial entities. They also want to curtail such affiliations for custodial wallet providers. https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf
It turns out there are some big chain reorg vulnerabilities in ETH 2.0. https://arxiv.org/pdf/2110.10086.pdf But, maybe ETH has already got fixes planned? https://twitter.com/casparschwa/status/1450785316865024000
A partnership among World Mobile, IOHK, and Zanzibar has been announced! It’s a five year plan that focuses on education, eGov solutions, the Blue Economy (sustainable fisheries), replicating the Blue Economy model in tourism | agriculture | & telecommunications. https://worldmobile.io/blog/post/partnering-with-zanzibar-blockchain-hub/
Alessandro has a great idea (multi-sig) to improve NFT drops over his original model that is now used by pretty much everybody! This would help mitigate the hassle of refunds and reduce some congestion. https://twitter.com/berry_ales/status/1455473647934742530
It feels crazy that we have over 2 million Cardano wallets out there these days. Our small ecosystem has become a gigantic one. https://datastudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/k5r9B
The Plutus Application Backend integration process has begun! https://twitter.com/InputOutputHK/status/1455905122802864138
Pavia has revealed proposals for parcel size in their metaverse. https://twitter.com/Pavia_io/status/1455915006395101188
Mark Stopka takes everyone to school on how “pool extractable value” can still be a thing in Cardano if dApp Developers don’t plan for designs that prevent it. https://youtu.be/0VloKsDjW70
Nami Wallet will soon support hardware wallets! https://twitter.com/NamiWallet/status/1456375916918083588
SundaeSwap has unveiled its own concurrency solution. https://twitter.com/SundaeSwap/status/1456338509870952450
A University of Virginia School of Law lecturer outlines a crypto related “hidden felony” in the Infrastructure Bill. https://www.decential.io/features/defi-and-the-digital-asset-felony-hidden-in-the-infrastructure-bill
IOG drops it’s Sustainability Report. https://static.iohk.io/green-blockchain-paper.pdf
We get a view of what can actually be built on a Pavia single Parcel and news that the Pavia Map v.2 will launch soon with wallet linking and custom images. https://twitter.com/Pavia_io/status/1456667167680831491 https://twitter.com/Pavia_io/status/1456523907280822273
The Plutus Application Backend (PAB) Beta has been released! Developers of Cardano dApps can now begin experimenting on the testnet! This is a big milestone! https://twitter.com/InputOutputHK/status/1456683592726233097
Apparently Cardano’s transaction volume just last month in October was double all of 2020!?! https://twitter.com/CardanoStiftung/status/1456730746861748224
Looks like Cardano (at least the logo) made the cover of the Economist?!?! https://twitter.com/cardano_whale/status/1457327848285376513
We just saw an instance of Yoroi wallet dApp Connector integration! https://twitter.com/SundaeSwap/status/1457396024822075409
We saw an all time high of +61k native assets issued on Cardano in one day recently! https://twitter.com/thinkgrowcrypto/status/1457130708300824576
World Mobile just dropped a great video documenting the IOHK/World Mobile/Zanzibar visit. https://twitter.com/WorldMobileTeam/status/1457800436501467136
It looks like Zimbabwe is looking into crypto adoption! https://twitter.com/BitcoinMagazine/status/1457703228192301058
Apparently, there’s a new partnership between COTI and the Cardano Foundation. Sounds like we’ll hear details on November 10. https://twitter.com/shahafbg/status/1457665945963532294
Spacebudz.io has announced that it has an ad running on the Nasdaq screen in Times Square right now (November 8-14). https://twitter.com/budzdegen/status/1457706024778014720
The IOHK Haskell course in Ghana will include 80 students! https://iohk.io/en/blog/posts/2021/11/05/empowering-a-new-generation-of-innovators-in-ghana/
A new Cardano NFT store has sprung up mentioning smart contract support and royalties for creators. https://twitter.com/jpgstoreNFT/status/1457548567032184832
Terra Virtua is saying we’ll have our Cardano Summit 2021 NFTs by November 10th. https://twitter.com/TerraVirtuaHQ/status/1457800095101976578
COTI is now talking about news of an IOHK Partnership to be announced on Nov. 10 in addition to the previous announcement of an announcement of the new Cardano Foundation partnership slated to be announced Nov. 10 6pm UTC. https://twitter.com/COTInetwork/status/1458129369482792967
Here’s a beautiful thread explaining how one of Cardano’s big competitor’s tps claims may be HIGHLY misleading. https://mobile.twitter.com/EdnStuff/status/1457875177052643333
The Galaxy Digital paper on Gen 3 blockchains is out. I think some may definitely take issue with their description of the capabilities of eUTxO smart contracts in the Cardano section. https://twitter.com/cardano_whale/status/1458271252993302535

~Army of Spies

AlgOcean Project Update! Token Live / Liquidity / Partnership Updates / Beta X Closing

Hello Everyone,

It's an absolute joy these days to be a part of the AlgOcean Community.

Here are some key updates since I last posted a few days ago.

AO Token is live on Tinyman.
https://app.tinyman.org/#/swap?asset_in=0&asset_out=409604194
Please do not get confused with AOC token - some people provided the initial liquidity for it with the little they had and it created some complex problems so we had to recreate a new coin, AO. Total supply cap and the tokenomics remain the same (refer to our older posts or our whitepaper on discord). And we're still on the plan for vested distribution for our Dev team allocation (15% including me) and the Charity Donation Allocation (30%) over a period of time so that there is no dump/rugpull. Looking into ways to do it by more than just a word of trust.
Liquidity
We have put in around 2.8k Algo as initial liquidity with the ratio of 1 Algo=6000 AO for various reasons considering the Beta X players' investment into the game, making it cheap enough for those that would like to get in early, etc.
Partnership Updates
So this is the exciting part. It's been great going back and forth with Marine MegaFauna Foundation. We have adopted/sponsored 2 Whale Sharks and 1 Manta Ray so far as a community along with a few hundred $ donations from our community members directly to the Foundation.
I had also reached out to the Ocean Cleanup Organization and heard back from them earlier today and they have expressed their caution of being associated with us. They are fine with us supporting them and mentioning them on SNS or our Discord, or here on Reddit, but wanted us to know that we have NO official endorsement/partnership with them. This was expected as they are a bigger organization (They also said they only accept Bitcoin, Eth, Bitcash, Doge, and Litecoin donations).
We are also waiting to hear back from the Coral Reef Conservation Organizations that we reached out too and some other smaller Conservation Organizations.
Beta X phase is closing tomorrow. We have already disabled the auto ticket dispenser of Algo=fishing tickets. The rewards will be distributed to all participants after the data reset tomorrow.
We have even set up an AO faucet (much like the Algo Faucet that we all miss) in our discord server. I think the ratio is quite a bit higher - at least for now :)
We are going to stop accepting Algo for fishing tickets soon so we can get ready for our next Beta phase, Beta Y. This beta will start to implement our AO tokens directly into the game and we'll start to have some fun community events.
We are assembling a Website team so that should be coming around soon too!

DogeBonk ($DOBO) 🏏 [43m mcap] - 🚨 DogeBonk passed Audit with Solidity! Fresh news that will bonk💥 - renounced / LP burned / No whales >2.1% | Potential 1000x

Hi guys, I know this is /r/pumpanddump, but was never actually used to promote pump and dumps, seeing how this is the only post since the creation of 2014. While the name of this subreddit is probably not the best to promote legitimate projects, I would like to go ahead and plug an excellent small cap crypto. One month old since the revival of the coin and it's already at $40-50 million MC.

DogeBonk is the first of it's kind in a long time - an ironically self-aware meme token on the BSC network, which already spurred dozens of copycats within the past couple weeks! Yes, you know who you are. The DogeBonk meme was spawned from the depths of the internet and has been given financial value by its connection to a token, making it one of the only memecoins that derives its value from actual memes. From there, the community has entered into a truly organic and bonk-ering state of thriving with creative energy flowing through the community. Recently, DogeBonk reached to all time highs after passing its audit with Solidity Finance, rendering naysayers financially bonked. The recent correction presents a unique opportunity for you to get in before the next take off or the news below comes to fruition. Many believe DogeBonk will be BinanceSmartChain's answer to Shiba: a memecoin with actual memes on a network where sending a transaction does not cost 50 dollars. DogeBonk's success is not sown from bots or fake promises, but by the community and the memes. Thousands have joined this community, developing a strong sense of belonging between like-minded members, most of whom have gone from investing in fundamentals, to accepting our crazy clown world and investing in FUNdamentals. This whole movement spawned from a dead dog token someone found with locked liquidity, renounced contract and Safemoon tokenomics, which makes for a very confortable hold that rewards those who hold. Someone in the group started keeping track of the growth of Dogebonk, and it has already grown from 14k holders to 21k holders in the last week and from just 50 community members to over 3500 telegram members and 3000 members of our subreddit! The memes and energy flowing in this community is unheard of. Just explore the memes on the website or search DogeBonk on Twitter. DogeBonk is the most memeable project in the crypto space since DOGE.

Bonkenomics: 10% tax on all transactions: 5% are distributed to fellow DOBO holders, 5% are added to liquidity to create an ever rising price floor. ->token with deflationary properties and automatic yield generation. (Burn wallet is receiving ~1% of all transactions FORTY% burned so far) There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯

Dogebonk Safu: - Liquidity was locked forever by burning all LP tokens 🔥 - Ownership of the contract was renounced. - See proof on our website. - Contract is was certified audited (link below). - Top holder owns only 1.9% of the supply. - As microcap gems go, it’s an unruggable beauty.

Confirmed News: - Tiktok influencers are being looked at and currently negotiated. - We have a large US billboard campaign event which will generate a lot ton of content. - The marketing team is beinging a twitch campaign that will generate huge viewership. - We have a web redesign of the website planned by the same company that made the bitcoin website. - Devs are based and created a MEMEcoin generator. - Ongoing partnership with Rubic! - Recently completed their AUDIT REPORT!

Information: Telegram: https://t.me/dogebonk_community Website: https://dogebonk.com 🌐 Buy on bonkswap: www.bonkswap.com Whitepaper: https://dogebonk.com/whitepaper.pdf Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝 Buy on PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8 🍰 How to buy: https://dogebonk.com/#howtobuy 📖 Solidity Audit: https://solidity.finance/audits/DogeBonk/

“Welcome, Winter” 2021 Winter KOK Shopping Mall Mileage Event

https://kokfoundation01.medium.com/welcome-winter-2021-winter-kok-shopping-mall-mileage-event-f0de7148b272

#KOK #KOK_Token #KOK_Coin #ZBG #Bithumb_Global #Blockchain #ERC20 #Bitcoin #Cryptocurrency #Digital_contents_platform #Decentralization

My entire life story..

I’m going to tell my entire life story right now. Because I’ve never told the entire story to any in my life. My life story has been seldom unheard because I’ve never had anyone to listen. While growing up my family moved every 1-3 years, either to a different state or a different country. In total I moved 9 times before I reached high school, and went to a total of 11 different schools during that time. Making connections with people wasn’t difficult, but keeping those connections after I moved was. I recently counted and found I’ve had 30 people in my life I consider close friends. And people say that’s not possible to have 30 close friends. But that’s only 2.5 friends per school I went to. Sadly as of today I don’t talk to any of those people. I recently learned those people play a big part in my life, but I don’t play a big part in anyone’s life. I have one friend I send a few texts to once a month from high school. I also never dated anyone during those times. Not only did I not have friends, I didn’t have family. My dad cheated on my mom a couple days after I was born, and they stayed together because of their religion despite never loving each other. They never held hand, kissed or even said I love you. I didn’t realize this until I was older. I don’t have any relatives I’m close with. I didn’t even know my mom had 2 sisters until I was 16, she didn’t let me know about them because they are gay and she didn’t want me thinking that was okay. She had a twin brother as well, I met him one time when I was 4, he passed away recently. My dads side had some family I saw once every several years for thanksgiving, but no one who actually talked to me. My mom never put me in therapy. So I essentially spent my entire life isolated and alone, cutting my self in my bedroom. My mom used to emotionally abuse me growing up. She would call my hair cuts ugly, and I remember she would say things about me until I would cry and hug her and I was always so confused. She would tell people I was a bad kid, and make up stories about me. She made almost all the friends I made growing up not allowed to hang out with me. My dad used to be amazing in my eyes. I learned it’s just because he didn’t abuse me, but in reality he was never there. He essentially lived in the basement. And would take jobs and move to the new state 6 months ahead of us. When I was 15 my parents finally got a divorce. During the divorce my mom grounded me and took away my phone because I snuck out. Then without notice she packed my stuff and moved me to a new state, all well keeping me grounded and not letting me say good bye to anyone. A couple weeks after the divorce my mom moved us in with a new family, in a new state. They were actually really nice people, nicer than my family. One night after the divorce I smoked some weed, and I had full psychotic snap. It was worse than any acid trip I’ve ever had. I woke up the day after that weed experience and had derealization so bad that I thought I was dead. I couldn’t tell anyone this, so for months, so I suffered alone living with full dissociation not even knowing what it was. I had hallucinations daily for months after this, and couldn’t sleep because when I closed my eyes I would hallucinate endlessly. One day i must have fully broke because I found my self in the hospital strapped to the bed hallucinating, with my mom filming me. She said “this is what drugs do to you”, while she showed me the video of me strapped to the bed, I was still in the bed at that time. That night I was sent to 2 weeks of intense in patient care, where I was given heavy does of antipsychotics. I told the doctors I was convinced I was dead. My dad never came to visit while I was in the hospital. And when I got out everyone just pretended it didn’t happen. But I wasn’t really better. I still to this day suffer from sever dissociation, but I’ve learned to live with it. This was all freshman year of high school. As time went on I got better. But the abuse from my mom never stopped. I have very bad dissociative amnesia, and I cannot remember more than a few memories from my childhood. But I do remember my mom constantly calling me a drug addict, who would grow up and fail out of college and end up homeless. And one day I would feel so bad for the way I treated her I would finally apologize. We yelled at each other daily, and she would accuse me of being in drugs, dig through my room toss shit everywhere. I wish I remembered my childhood, because I have a sister who I love, but I don’t have a single memory of us together growing up, not a single one. I would like to remember the good parts of my childhood, because I’m sure there was some. My dad didn’t visit one time during high school, he didn’t come to one sporting event, or any of the clubs I ran.. I did visit him during a few holidays. During my senior year of high school I was black mailed by this teacher from another school who was pretending to be a young girl to get nudes from minors, I told him I went to the police because I knew was what going on. No one believed me, and I ended up getting expelled from school and fired from my job, because this teacher sent in a bunch of anonymous photos from my private story about me drinking and smoking to my school, they told my job that I was smoking in the parking lot, it was a daycare so I was fired, this was not there. After I switched jobs, he some fucking how found out where I switched to, and I never posted about this. He told my sonic boss I sold his kids weed, thankfully my boss didn’t believe it. No one believed me about this entire thing, thought I made it all up. But just last year this man was finally arrested by the fbi for possession of child pornography and black mail, he is still on trial and the Snapchat names posted by the fbi are the same ones I went to the police with 4 years prior. This event got be kicked out of school for the last 3 months. Luckily i was valedictorian at the time, so they let me graduate from home instead of fully expelling me. During this same time a couple days before I turned 18, my mom was going through my phone like normal. She would lock her self in her room and spend 12-24 hours going though every inch of that phone. She found a Reddit post where I was posting about how I learned to live with dissociation. She was pissed. She asked me wtf that was. I told her how I suffered with it, and how it almost made me commit suicide. She replied with “good you deserved to have that, because you did drugs and never came to me for help”. She went off to her room and cried the next couple days, convincing my step dad to make me apologize to her. The day I turned 18 I packed my bags when she wasn’t home, and moved into a friends basement where I slept on the floor for 6 months and worked at sonic. I blocked her and didn’t speak to her for almost a year after this happened, so she had no idea where I went. after those 6 months, I moved to college. And a year into college it was her turn to help pay for my housing, as was decided in the divorce agreement. So I reached out to her, Big mistake. She used this against me for a long time. Until I said fuck it, keep your money. And we didn’t speak for another 2 years. Fully No contact. While in college I made 2 best friends, and 2 friends into. At the time I was selling some Decent amount of weed to people in college. My best friends who i had lived with for the last 3 years of college called their parents and told them what was going on, let me mention the dude who told his mom had given me $500 the day before to get him an ounce of weed for him to sell. Regardless his parents gave me one week to move out or I would be arrested, they were rich lawyers and I wasn’t gonna play with that. I moved out and have never spoke to those guys since, it’s been 2 years. And now I’ve graduated college, surprise I didn’t fail out mom. I’m now getting my PhD in neuroscience at 22, and work in a full time neuroscience lab. Not only that I spent my entire time in college investing heavily into bitcoin because I didn’t want to ever need my family for anything. I could now buy my own house and probably retire soon. Needless to say, fuck my parents, fuck my mom, I did it. Thanks for reading this far if you did. <3

A few questions for a beginner.

Which exchange provides the lowest fees?

At the moment I’m using Binance to pay directly for crypto, but find it’s cheaper using easy crypto to transfer Bitcoin then trade my Bitcoin for whatever altcoin I want to purchase through Binance.

I find that not all exchanges are fully transparent with their fees, so I’ve signed up to a few others. I was recommended Kraken by the r/bitcoinbeginners sub, and wondering if they are NZ friendly.

What is the best way to withdraw profits from crypto?

I’ve looked into easy crypto but they require evidence of transactions through the exchanges if the purchases haven’t been made through them. I’m also not sure if Binance/kraken can withdraw NZ fiat. I’m happy to provide said evidence but wondering if there’s an easier way.

Taxes?

-I’ve made a wee bit of money and want to cash out, but I’m not sure how the taxes work. Basically, so I just need to pay capital gains on the profits I’ve made? If so that’s not an issue for me because of been keeping track of my deposits and my portfolio value.

The issue I have is trading pairs on the exchanges. I’ve been having a bit of fun with but low sell high spot trading so obviously there’s been a lot of conversions (which I read are a taxable event). How the hell am I suppose to figure out the taxes on that?

My entire life

DogeBonk ($DOBO) 🏏 [43m mcap] - 🚨 DogeBonk passed Audit with Solidity! Fresh news that will bonk💥 - renounced / LP burned / No whales >2.1% | Don't miss this 20x token!

DogeBonk is the first of it's kind in a long time - an ironically self-aware meme token on the BSC network, which already spurred dozens of copycars within the past couple weeks! Yes, you know who you are. The DogeBonk meme was spawned from the depths of the internet and has been given financial value by its connection to a token, making it one of the only memecoins that derives its value from actual memes. From there, the community has entered into a truly organic and bonk-ering state of thriving with creative energy flowing through the community. Recently, DogeBonk reached to all time highs after passing its audit with Solidity Finance, rendering naysayers financially bonked. The recent correction presents a unique opportunity for you to get in before the next take off or the news below comes to fruition.

Many believe DogeBonk will be BinanceSmartChain's answer to Shiba: a memecoin with actual memes on a network where sending a transaction does not cost 50 dollars. DogeBonk's success is not sown from bots or fake promises, but by the community and the memes. Thousands have joined this community, developing a strong sense of belonging between like-minded members, most of whom have gone from investing in fundamentals, to accepting our crazy clownworld and investing in FUNdamentals. This whole movement spawned from a dead dog token someone found with locked liquidity, renounced contract and Safemoon tokenomics, which makes for a very confortable hold that rewards those who hold.

Someone in the group started keeping track of the growth of Dogebonk, and it has already grown from 14k holders to 21k holders in the last week and from just 50 community members to over 3500 telegram members and 3000 members of our subreddit! The memes and energy flowing in this community is unheard of. Just explore the memes on the website or search DogeBonk on Twitter. DogeBonk is the most memeable project in the crypto space since DOGE.

Bonkenomics:

10% tax on all transactions:

5% are distributed to fellow DOBO holders,

5% are added to liquidity to create an ever rising price floor.

->token with deflationary properties and automatic yield generation. (Burn wallet is receiving ~1% of all transactions FORTY% burned so far)

There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯

Dogebonk Safu:

Liquidity was locked forever by burning all LP tokens 🔥
Ownership of the contract was renounced.
See proof on our website.
Contract is was certified audited (link below).
Top holder owns only 1.9% of the supply.
As microcap gems go, it’s an unruggable beauty.

Confirmed News:

Tiktok influencers are being looked at and currently negotiated.
We have a large US billboard campaign event which will generate a lot ton of content.
The marketing team is beinging a twitch campaign that will generate huge viewership.
We have a web redesign of the website planned by the same company that made the bitcoin website.
Devs are based and created a MEMEcoin generator.
Ongoing partnership with Rubic!
Recently completed their AUDIT REPORT!

Information:

Telegram: https://t.me/dogebonk_community

Website: https://dogebonk.com 🌐

Buy on bonkswap: www.bonkswap.com

Whitepaper: https://dogebonk.com/whitepaper.pdf

Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝

Buy on PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8 🍰

How to buy: https://dogebonk.com/#howtobuy 📖

Solidity Audit: https://solidity.finance/audits/DogeBonk/

DogeBonk ($DOBO) 🏏 [43m mcap] - 🚨 DogeBonk passed Audit with Solidity! Fresh news that will bonk💥 - renounced / LP burned / No whales >2.1% | Don't miss this 20x token!

Bonkenomics:

10% tax on all transactions:

5% are distributed to fellow DOBO holders,

5% are added to liquidity to create an ever rising price floor.

->token with deflationary properties and automatic yield generation. (Burn wallet is receiving ~1% of all transactions FORTY% burned so far)

There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯

Dogebonk Safu:

Liquidity was locked forever by burning all LP tokens 🔥
Ownership of the contract was renounced.
See proof on our website.
Contract is was certified audited (link below).
Top holder owns only 1.9% of the supply.
As microcap gems go, it’s an unruggable beauty.

Confirmed News:

Tiktok influencers are being looked at and currently negotiated.
We have a large US billboard campaign event which will generate a lot ton of content.
The marketing team is beinging a twitch campaign that will generate huge viewership.
We have a web redesign of the website planned by the same company that made the bitcoin website.
Devs are based and created a MEMEcoin generator.
Ongoing partnership with Rubic!
Recently completed their AUDIT REPORT!

Information:

Telegram: https://t.me/dogebonk_community

Website: https://dogebonk.com 🌐

Buy on bonkswap: www.bonkswap.com

Whitepaper: https://dogebonk.com/whitepaper.pdf

Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝

Buy on PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8 🍰

How to buy: https://dogebonk.com/#howtobuy 📖

Solidity Audit: https://solidity.finance/audits/DogeBonk/

To Burn or Not To Burn & Hitting 100M Shiba Holders!

I've been fascinated by the concept of burning. Why would developers create any crypto with the intention of burning supply? Naturally the answer is to increase the price with the possible aim of making the price increase noticeable enough to be attention grabbing to attract inward investment.

What is burning?

Burning means destroying the supply of the currency. The price increases because the supply decreases and ceteris paribus with the demand remaining the same, the price will no doubt rise. It is accepted that sending tokens to an address that is a burn address is considered burning the supply.

Lots of posts have been encouraging investors to burn their holdings, they state that your contribution of Shiba to be burned will decrease supply enough to cause a price increase. This is true to a very small extent, unless you have a Top 1000 account.

Its a lovely gesture to burn your holding but that's all it is - a gesture. There is a possibility that a mass burning event of many holders may cause a slight increase in price.

A more successful way of burning would be to do what we do with companies with a cash surplus on the stockmarkets, whereby a company will announce every quarter a plan to buy back shares off the market taking those shares out of circulation.

Consistent, regular burning would allow incoming investors to know that the supply is decreasing at a constant rate we could call this the Shytoshi Constant. This would over time have a positive psychological effect as it would ensure that Shiba's price is on a continuous path upwards.

However, this is a centralised approach so this new world of decentralised cryptos may be different or is it?

The developers have the ability to control the currency, a well known rival of Shiba is planning to remove 3 zeros in one go. I personally think this is folly, as we small investors purchase low cost cryptos with the intention of having the dream that one day it will rise in price naturally shedding the zeros, the last thing we want is for the developers to force/fake zero removals.

So back to the matter at hand, do we burn some of our holdings. My answer to you is No. Let me describe how I see burning:

If you have less than a trillion Shiba then you are effectively only taking out a glass of water from an olympic sized swimming pool. Granted there is a small drop in water level but its so minuscule that it won't be noticeable. However, if you are one of the Top 1000 cryptos then it will be like pumping water from the swimming pool with a fire engine and you will have an effect on the price of Shiba.

If there is a mass event where thousands of holders in one go all head to the swimming pool and each take a glass of water out then it will have a small visual effect. But if there are a few pumps there in addition to the thousands of people taking glasses of water out of the swimming pool then you will notice the water level go down. Same principle applies to Shiba.

At the moment Shiba is an investment crypto currency. Therefore mass trillion burns is helpful and useful in order to increase the price. To reach a 100 Trillion supply of Shiba by burning 1 Billion Shiba a day = 365 billion a year would take:

Supply = 549 Trillion

Therefore 549 - 100 = 449Trillion,

449trillion divided 365 billion = 1230 years!

If you were alive I think you would be buying a Starborghini!

BUT in the future when Shiba is mass adopted as a currency the last thing we want to do is to continue this burning. We want Shiba to stabilise as it will naturally go up due to the adoption of it by millions of people.

100m people owning Shiba could each own 10m and that would equal the whole original supply of Shiba before any burning took place. Yes less than 1/3rd the population of the USA each owning 10m Shiba right now could absorb the entire pre-burn supply, we have a whole world out there, India has 1.392 billion, China has 1.4 billion.

Shiba is here to stay and will be a huge community currency, in 1 year it's had almost 1m holders. Within 5 years we might probably hit 100m or even more, once cryptos begin to be adopted by the rest of the population. Let's give you some perspective.

Paypal has 403 million users - imagine if Shiba was accepted by Paypal! Shiba has more community power on social media than Paypal!

https://www.zdnet.com/article/paypal-delivers-strong-q2-adds-11-4-million-net-new-active-accounts/

There are 2.8 billion credit cards users worldwide!

Over 1 billion credit cards in the USA alone!

https://shiftprocessing.com/credit-card/ Shiba again has more social media power than AMEX, than VISA than even MasterCard right now.

Some may think these are established companies but look at how quickly great marketing and ease of use allowed Amazon to become the behemoth it is today... look at Apple... just look at Tesla. Hype & great marketing can get you to the top very quickly and you end up staying there... now look at Shiba we are in the Top 10! This is not some pipe dream, we really are in the Top 10, we are a darling of the cryptos, we are here right now. We need to mobilise this magnificent community into asking these other companies to accept us, this is where the real growth and value is, not more exchanges although exchanges are good too.

If I could rally all the community... I would strategise precision marketing directed at payment solution companies, casinos, retailers, have a Shiba wallet developed not just one but 3-5 with differing user interfaces for each one depending on type of user. Imagine buying something from Craigslist, eBay and meeting the person face to face using a Shiba wallet instantly to pay! Not a Trust/Binance/Coinbase/Crypto.com but our own Shiba branded wallet.

...Petition Lamborghini to accept Shiba - now wouldn't that be amazing for marketing?! Or even have a billionaire buy a Lamborghini from someone with Shiba.

...I would be making weekly friday evening updates to the community so they can be organised better and not have to inundate community forums with rumours and fud. Create country groups who hand off from the various time zones for marketing purposes, so when UK/Europe goes to bed its Australasia taking over the marketing then when they goto bed it reverts with peak traffic when East/West Coast comes online. Constant non stop social media interaction.

The developers have done an amazing job all the way, but Shiba is growing bigger and now needs to impress the bulk of the population who are more used to corporate methodologies. Look at Apple, they still have a thriving community or even Google but they are corporate at the end of the day. Even Bitcoin has a degree of corporate-ness to it, Ethereum definitely has a corporate presentation. We must harness this amazing community and structure it positively. Not allow other coins to be promoted off our hard work as it dilutes us and we need focus. I could go on and on, so happy to chat with all of you amazing people so that we can spread this amazing positive message to the developers and the rest of the Shiba Community.

Now back to the burning:

When the time comes in a few years, you may look back and think why did we need to burn just to make a short term minuscule gain, when in the long term your holding will be worth so much more.

Instead of burning you open another wallet and create a long term savings plan, hide the passcode somewhere out of sight or put it in a safe as you never know what will happen in the future. Imagine for whatever reason things didn't go right, but then you remember that many years ago you put some Shiba away, how would you feel about receiving $5,000,000!

My viewpoint is clear, those who are trillionaires should burn, those who are not should not. You should do your own research and think what is best for you.

Please do read my post about Mindset & Perspective if you haven't already as it may positively surprise you, also how Shiba to $1.

Earn Money Watching Videos ! Earn Money Solving Games ! The Only Platform That Reward Users For Watch Time ! 📺

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GoldTube is a Platform Created to Reward Viewers with Money from Watching Videos.
For Viewers:
🍿 Earn GoldTube (GOLT) Token From Watching Videos
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Pre-Launch Campaign Prize:
🅱 1 BITCOIN Will Be Awarded To Campaign Winner
🅱 Campaign Ends Before Official Launch Of GoldTube
🅱 Leaderboard is Updated Daily!

GoldTube Highlights:
⚙ Alpha Launched on 10.10.2021
⚙ Prototype System Available for Public Testing and Claim
⚙ Twitch 23/7 Stream | AMA session with Founder on Twitch Chat Everyday
⚙ GoldTube have its Own Development Team Consist of Blockchain, Web Development, App Development & Media Development.

Stats:
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⚙ Daily Active Users: 100+
⚙ Daily Recurring Users: 40+

Visit GoldTube 23/7 Stream Here:
https://www.twitch.tv/goldtubeofficial
GoldTube User with the Highest GOLT Token Before Official Launch Will be Awarded 1 Bitcoin.
Leaderboard will be Updated Daily.

Pre-Sale
🔑 Participate in GoldTube Campaign to Earn a Slot in GoldTube Pre-Sale Event
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Prototype
GoldTube Current Prototype will be Testing the Hypothesis of "Will Viewers Watch Videos In Exchange For Money?".
GoldTube Alpha Launch Aim to Collect Statistics and Market Reactions Allowing Development Team to Pivot into the Right Direction.

Expect Final Product To Be a Standalone Platform Where Money is Credited Directly to Viewer After Every Video Watched.

Community
GoldTube is Trying to Create the World's First Paid-To-Watch Culture.
Join us so that the next time you watch videos, you will be paid for it.

Follow GoldTube Social Media Platform

Telegram Announcement Group

Discord

Vimeo

GitBook: Whitepaper

Email Us : [admin@goldtube.io](mailto:admin@goldtube.io)

Thank You For Reading!
Earn Money Watching Videos!

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Recap: Saito Community Town Hall #4!

The Town Hall is back!

After taking a one-month break to host the Building Web3 event Richard Parris and David Lancashire are back to once again host the Saito Network Town Hall and catch up on everything that has been going on with the project and the community during that time.

General update

The Ultimate Saitozen campaign successfully concluded, and winners should’ve received their prizes by this point.
In the time from the previous Town Hall, the Saito community has seen explosive growth.
The Building Web3 event hosted by the Saito Network was a resounding success.
SAITO has been listed on Sifchain
The Saito team secured a partnership with Anyswap, in which they have provided a bridge to move Saito tokens from Ethereum into the BSC.
*The team has continuously been looking into the best ways to make it easy for the community to obtain Saito as well as reward them for holding (via liquidity pools, farms, etc.) while steering clear from shitcoinery that would dilute value (such as airdrops).
The third vesting period concluded without issue; the Team has connected with our supporters to find the best ways to promote Saito.
The second and final milestone for the web3 grant has been submitted.
Two new developers have joined the Team.
A new game, Wuziqi, was added to the Arcade. It was developed by Richard and his son to showcase how easy it is to develop apps, Saito.

Tech update

As the second milestone of the web3 grant has been delivered, the team is now working on strategies to integrate with the Polkadot ecosystem.
Rust continues to move forward; networking still needs to be completed.
The In-Browser JavaScript version has been upgraded to keep up with the improvements on the Rust version.
Improvements from the Web3 milestones and the Rust client have improved the gaming experience and organic traffic for the gaming aspect is picking up.
Two new games were hinted at in the works.

Questions

Raja: The current circulating supply is much smaller than the max supply. At what time will supply be increased?

David: The token distribution and supply are the way they are because of the way the IDO had to be handled with Polkastarter, that community expects that kind of breakdown. That doesn’t mean we know for sure what exactly we are going to be doing with the 70% that’s allocated, we’ve got rough carve downs, we don’t even know necessarily if these tokens are going to be released. What we don’t want to do, however, is commit to a public strategy for releasing them that is counterproductive to the goals of what we’re doing. That might be something like a really bad pay-to-play strategy, where you buy traffic, and you buy a two-month pump and then the tokens dump because you flooded them out to people who aren’t using the network. The roadmap is going to talk about tokenomics but to give you a sense of what that is; we’re looking at having the token supply increase relative to usage on the network and activity, we understand that token price is something that is a really powerful marketing tool, and we think it’s important to be sensitive around that.

I’m not sure how much more specific we can be other than there is a portion that’s the community foundation, we have no idea how we’re going to manage that, we’re hoping to work with you guys and set up some kind of foundation, it’s not something we’re dealing with yet because people approach these questions when they’re thinking about DeFi and they’re treating Saito like a DeFi thing instead of what we’ve really got, which is we’ve got the Bitcoin distribution problem but we don’t have a block reward, which it’s a challenge, but it’s also positive because I think people are beginning to realize, especially in the last two weeks, that we don’t have a block reward with extra Saito hitting the market every hour, and the activity and the interest really are being driven by the expansion of people learning about what we’re doing.

You can expect details, the broadest picture is the faucet that we’re really interested in is the advertising faucet, we want to be bleeding tokens out to people who are using the Saito network through an advertising network, so if you’re using the Saito applications and you install an advertising module, you are now slowly getting tokens in because we’re showing you ads. Ideally, we can spin that off onto a separate company or get someone who’s not the core team to independently manage that but for that to work, we need to get the applications and the usability to the point that people are actually coming and that’s why we’re particularly happy with the organic growth and we’re looking at this stuff.

I think the people that are really concerned about this are coming from a DeFi background and they don’t know what we’re doing and they’re new to the project and they’re like “hey, is there a rug pull coming?”. Six months ago, we got a lot of that on the night of the IDO and there were questions because Saito was just a token people didn’t understand. The important thing is that we get the circulating supply and the distribution strategy in tandem with the growth strategy so that it pushes the network instead of crippling it. We’re not interested in committing to something we don’t need to unless we know that it’s rocket fuel behind us, all of us. I will say focusing on that short term might not be productive because token persistence needs to be there for every token in really small amounts before people should be worried about anything like that and we’ve still got time to go before that.

Trevor: The Saito BEP20 token contract is from Anyswap and not the Saito team, are you guys releasing a BEP20 Saito later or will you use the one from Anyswap at BSC?

Richard: This is a really important question and the first thing we’ve had to do is make absolutely sure that the Anyswap contract is secure enough to be involved with it. We’re happy on that account but we’re still treading carefully because of these exact questions. Our biggest concern here is it suitable for the community? are we putting people at any risk are we exposing them to any situations that aren’t good for them? and that relays into what’s good for the project, so we have no objection to locking up some of the ERC20 Saito as a BEP20 Saito of our own contract making if that’s going to help people.

Our next step is to survey folks set some thresholds for how much Saito we want wrapped on the BSC chain before we think it’s worth putting project time and resources into pursuing something there because I don’t think anyone on the project wants us doing a big effort to get something to happen and then it’s not serving any big purpose for the community or the project. So obviously usability and safety, security first then is it a need that the community has? and we have to balance that with obviously the core dev and those sorts of things but also with looking at centralized exchanges if that’s more suitable for people and other partnerships. So, no objection to a BEP20 Saito token, obviously we have a completely secure smart contract, we could do that with that we’ve already used for the ERC20 but that’s time and resources and execution we don’t want to necessarily deploy until we know it’s going to help enough people to make it worthwhile.

George: Token permanence wen? Rust wen? Staking wen?

David: We need to get this Rust out and Saito-lite Rust, it’s a private repository now, so once they’re live and they’re capable of supporting, we need to throw them at each other, we’re going to need a bit of time to make sure that they’re not imploding and then when they’re smooth enough we need to be able to migrate the Arcade and the transaction volume onto the new software client. I don’t know how long this takes, bear in mind we’re onboarding new developers at the same time we’re probably going to be dealing with refactors of various components at various times, what we’re looking at is bringing the token permanence on basically the same way that Kusama kind of does it with reaping. You guys can think about it let us know what you think, because this is a useful thing for us to be talking with you about. The idea is that we will be guaranteeing token balances on the network at a kind of falling level, so someone who has a big balance in the staking mechanism; if the network gets reset we will guarantee that those tokens are there when it’s reset but we don’t need to worry about someone who has like a 5 Saito token balance, so that kind of stuff doesn’t need to slow us down, and what we’re looking at is we’re trying to figure out does this work? how does it work with things like the token release schedule? and when we can be saying look we’re going to be guaranteeing various levels and how quickly it falls so that’s the general approach and I think the dates get fuzzier the further out we go.

Richard: That’s one of the things you can say, kind of like quantum physics, the more definitely you give a date in software development the more you have to pad it for security and you’re still at risk of overrunning it because software development requires the iterative working towards the point and you discover things along the way, that’s just the way it is, so what we are most keen on doing first is getting the messaging out there, what the stages are and as much information as we can about timing on those as we can, letting people know what targets are, etc. We want to be as open and transparent as possible, but we need to be careful with messaging because things get away from you as soon as you say something in this field.

For those who missed the live meeting, you can view the town hall recording here.

For more updates, please do follow Saito’s official social media pages:
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So this is a question for safe moon buyers in Canada regarding taxes.

My assumption was that I pay the taxes when I convert my safe moon back to Canadian currency. But watching videos today and reading it says it's a taxable event when you trade from one Crypto to another. I have bought safe moon about 10 times. I buy Bitcoin, send it to b i n a n c e and swap it to b&b, send it to trustwallet, swap it to binance smart chain, And finally pancake swap to safe moon. I have never sold any safe moon but do I have to pay taxes every time I switch to another cryptocurrency in those swaps is my question. Please get back to me I am freaking out a little bit. Thanks a lot.

Crypto Market Update and trading digest 11.9 by trader gabi ( Market analysis, news, notable events, LUNA and much more....)

Crypto Market Update and Trading Digest by trader gabi

report completed at 1045 HST

Major News

· Inflation rises to 6.2% in October; core consumer prices up 4.6%. Inflation is at a 30 year high. Below is a chart from the U.S. Department of Labor of rising consumer prices from Oct 2020 to Oct 2021

https://preview.redd.it/b4bqv0059uy71.png?width=468&format=png&auto=webp&s=13f21a27f0bcfdc35708ef46533914eb3ca586e5

· FTX CEO Spending big on marketing for better name recognition. The FTX name is beginning to show up Sports Arena, MLB games and in commercials with their newest spokesman Tom Brady. FTX recently got a 25 billion Valuation in a Series-B. The FTX token is currently trading at 62.73$ with a market cap of 8.7 billion. There’s a little cookie crumb in that paragraph.

· Twitter will be creating a team to further explore into the crypto space, particularly decentralized applications. Twitter has already enabled Bitcoin tipping on its platform and will soon have NFT verification. Jack Dorsey, the CEO, is a big proponent of crypto in general.

· Terra passes proposal to 88.7M LUNA worth 4.5B and mint 4 – 5 million UST stablecoin. The initial burn of 520k has already taken place. The newly minted UST will be used for its new insurance protocol called OZONE.

· Spanish banks will be required to report 3-Year digital currency plans to the central bank Banco De España. Its an effort by the central bank to research the effects of digitalization on financial services. I doubt that’s all its really for.

Market Update

· Bitcoin hits all-time highs at 69K as it climbs closer to the 70k psychological marker. Many analysts are stating that BTC will have to test 70k various times before it can potentially break through. A retest of the 63.5k support is still not out of the question here.

· The overall market saw an inflow of +1.5% raising the market cap to 3.09 trillion dollars.

· BTC dominance is up .72% as the attention turns back to BTC and its awaited test of 70K

· Total 3 is down .50% to further emphasize money flow going from alts into BTC.

· Chainlink (LINK) the leading blockchain oracle, continues its up-trend and is up 10% today.

· Kadena (KDA) is up 45% after it slumped yesterday. I did a small review of Kadena on my report 2 days which is a recommended read. This is an up-and-coming Layer-1 that has everything needed to become the next big player. I always recommend you DYOR.

Insight

Our lives are becoming more and more expensive very year. Your dollar has lost 6.2% of its value in less than one year. Sit down and really think about that comment. A currency that is supposed to be one of the most stable has lost 6% of its value. This is not some effect of the market, this is because of all the money printing that has been occurring in the past year and half. An estimated 40% of all dollars have been printed form 2020-2021. It really seemed like everyone except the Federal Reserve (money printers) knew the outcome. Below is a chart of money supply.

https://preview.redd.it/uywipke69uy71.png?width=624&format=png&auto=webp&s=e91e6017bf7e8a4ac555b880b6c5ddfd7f0be993

The angles are starting to become very impressive lately. And they wonder why the people are turning to crypto currencies.

Terra (LUNA)

Today I want to talk about Terra Luna for those of you who never heard about it or know how it functions. I will not go too deep into detail but its hopefully inspiration to DYOR and see the power of this cryptocurrency during these inflationary times.

LUNA is the native token of Terra network and is used for governance and staking. The other key component of LUNA, the most unique and powerful, that it is used as collateralization for price-stability for the UST, a decentralized dollar stablecoin. To break this down simple, they burn LUNA token to mint UST tokens. This creates constant deflationary pressure on LUNA.

UST is starting to become one of the most widely used decentralized stablecoins and its just getting started. If you noticed in the news section, they plan to burn 88.7M LUNA just for an insurance protocol. There is 484M LUNA in circulation. I’ll let you do the math and use your imagination for how this can affect price in a basic supply and demand structure. Below is a chart of the rate of UST issuance in the past year.

https://preview.redd.it/7bf5gze79uy71.png?width=624&format=png&auto=webp&s=da7939bf23bc12089ed03a14f30a955ee7c7f162

Notable Events

· Miami Crypto Experience will take place on Nov 10 – 12. Big announcements can occur in these events.

· Polker (PKR) an online poker crypto, will have its testnet game launch tomorrow.

· Torum (XTM) will list on Kucoin tomorrow. This is not a very import event but I want to get Torum onto people’s radar. There is low-key opportunity in here, in what can be the future Facebook of crypto.

· Airswap (AST) a peer-to-peer Etheruem Dex is launching tomorrow.

NOOB Lesson of the day

What is a stablecoin?

A stablecoin is a cryptocurrency that is pegged to the price of an asset. And you ask yourself why in the world would anyone need that? The simple answer is because you can’t use physical money or assets in the digital world in an effective manner. If you want to trade your Dogecoin into that impressive sounding LUNA coin that an awesome newsletter put on your radar, then you would have to trade your Doge for a dollar stablecoin first and go to a platform that sells LUNA. You could then trade your stablecoin for LUNA in a USDT/LUNA trading pair.

Stablecoins have various duties in the cryptoverse and are some of the most widely used cryptocurrencies. The two most widely used are USDC and USDT which are stablecoins pegged to the price of the dollar. Just about every crypto exchange will host USDT pairs to trade. Robin Hood is not really a crypto exchange btw. They can be used for staking, trading, providing liquidity and as a risk-off asset. There are a lot more to stablecoins than I can fit into short newsletter and I recommend you get to know the basics of stablecoins. If you begin to use crypto, stablecoins will become an integral part of the experience.

Tomorrow I will talk about the difference between centralized and decentralized stablecoins and why the market is beginning to slowly trending towards using decentralized stablecoin. Whisper… “its because of the government.”

On that note, have a great day/night fam!

Follow me on Twitter @ TraderGabi for more up to the minute info

-Gabi