Cardano Rumor Rundown December 13, 2021

Hey Everyone!

Let's go...

Newly covered today:

1. MLabs has released The Plutonomicon a developer driven guide to Plutus. https://twitter.com/MLabs10/status/1469218960856199173
2. In Macro news that could affect Cardano, the Fed is expected to discuss quicker tapering and rate hikes at their Dec. 14 & 15 meeting. https://www.cnbc.com/2021/12/10/fed-is-expected-to-speed-up-end-of-bond-buying-and-signal-interest-rate-hikes-are-coming.html
3. SundaeSwap releases the TasteTest model for decentralized price setting of tokens prior to launch. Very interesting! https://sundaeswap-finance.medium.com/sundaeswap-presents-the-taste-test-a5b125ee2645
4. It looks like Muesliswap has the number 1 most used script on mainnet (Dec. 12, 2021). https://twitter.com/MuesliSwapTeam/status/1470079303048212484

Previously Covered but still interesting:

1. 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/
2. 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
3. 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/
4. Charles released a new AMA from Ethiopia! https://www.youtube.com/watch?v=L5au7JEPMaM
5. 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
6. 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
7. 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/
8. 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
9. 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
10. The Plutus Application Backend integration process has begun! https://twitter.com/InputOutputHK/status/1455905122802864138
11. Pavia has revealed proposals for parcel size in their metaverse. https://twitter.com/Pavia_io/status/1455915006395101188
12. 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
13. Nami Wallet will soon support hardware wallets! https://twitter.com/NamiWallet/status/1456375916918083588
14. SundaeSwap has unveiled its own concurrency solution. https://twitter.com/SundaeSwap/status/1456338509870952450
15. 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
16. IOG drops it’s Sustainability Report. https://static.iohk.io/green-blockchain-paper.pdf
17. 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
18. 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
19. Apparently Cardano’s transaction volume just last month in October was double all of 2020!?! https://twitter.com/CardanoStiftung/status/1456730746861748224
20. Looks like Cardano (at least the logo) made the cover of the Economist?!?! https://twitter.com/cardano_whale/status/1457327848285376513
21. We just saw an instance of Yoroi wallet dApp Connector integration! https://twitter.com/SundaeSwap/status/1457396024822075409
22. We saw an all time high of +61k native assets issued on Cardano in one day recently! https://twitter.com/thinkgrowcrypto/status/1457130708300824576
23. World Mobile just dropped a great video documenting the IOHK/World Mobile/Zanzibar visit. https://twitter.com/WorldMobileTeam/status/1457800436501467136
24. It looks like Zimbabwe is looking into crypto adoption! https://twitter.com/BitcoinMagazine/status/1457703228192301058
25. 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
26. There is a Spacebudz ad running on the Nasdaq screen in Times Square right now (November 8-14). https://twitter.com/budzdegen/status/1457706024778014720
27. 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/
28. A new Cardano NFT store has sprung up mentioning smart contract support and royalties for creators. https://twitter.com/jpgstoreNFT/status/1457548567032184832
29. Terra Virtua is saying we’ll have our Cardano Summit 2021 NFTs by November 10th. https://twitter.com/TerraVirtuaHQ/status/1457800095101976578
30. 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
31. 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
32. 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
33. 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/
34. 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
35. IOHK drops a blog entry on optimizing network performance. https://iohk.io/en/blog/posts/2021/11/10/optimizing-cardano/
36. Looks like we’ll be getting both the PAB & the ERC-20 Converter in the “next several weeks”. https://twitter.com/DanielTetsuyama/status/1458209250950332418
37. In macro news that could affect Cardano and all of crypto 30 year treasury bonds went vertical, and news of the +6% inflation in the US broke widely. https://twitter.com/CaitlinLong_/status/1458507405675880452
38. World Mobile dropped a nice youtube AMA for us. Very interesting details came up about Microsoft Airband, Google Project X, and Project Taara. https://twitter.com/WorldMobileTeam/status/1458718340931858435
39. Weiss highlights that Cardano addresses participating in staking have grown by 100k in two months. https://twitter.com/WeissCrypto/status/1458845224671887362
40. The Cardano Summit 2021 Terra Virtua NFTs have arrived. Check your inventory if you did all the tasks in the Summit’s virtual worlds. https://terravirtua.io/inventory
41. Pavia dropped a more detailed roadmap with live events scheduled for the plaza in Q3 2022. https://twitter.com/Pavia_io/status/1459246398046674945
42. Charles is back in Colorado and has dropped a full AMA. https://youtu.be/nnDWc6uP6gs
43. The November mid-month IOHK Development Update is now out! https://twitter.com/InputOutputHK/status/1459250049414799368
44. Seeing reports that Cardano’s 24 hour volume recently exceeded Ethereum! https://twitter.com/cardano_daily/status/1460238659098005504
45. We’ve seen a very nice and steady rise in transactions over the last 15 days! https://twitter.com/WillyzPortico/status/1460221046112456704
46. The January Haskell class in Ghana will include 80 students! https://twitter.com/IOHK_Charles/status/1460259961313837058
47. IOHK has dropped their new article on eUTxO dApp architecture. It explains in detail a design for an eUTxO order book. https://iohk.io/en/blog/posts/2021/11/16/architecting-dapps-on-the-eutxo-ledger/
48. Apparently we saw over 1MM transactions in Epoch 302. https://twitter.com/ccvaultio/status/1460673461614006276
49. Looks like Cardano is seeing a huge amount of on-chain activity. The crazy part is this is all pre-PAB. Just wait until dApps can actually launch! Unsurprisingly, some supporters of other chains were shocked to realize they didn’t understand the difference between exchange trading volume and actual blockchain use volume. https://twitter.com/cardano_daily/status/1460238659098005504 https://messari.io/screener/most-active-chains-DB01F96B
50. Charles drops a short regulatory update letting us know about the proposed bill to fix the highly faulty Infrastructure Bill language and another new bill to lay out a pro-crypto comprehensive regulatory framework for crypto (including definitions for utility coins). https://youtu.be/AcBuk0zHLfU
51. Here’s the announcement and the bill from Senators Lummis & Wyden to fix the bad crypto language in the Infrastructure Bill. https://www.lummis.senate.gov/press-releases/wyden-lummis-introduce-bill-to-fix-broker-definition-for-digital-assets/ https://www.lummis.senate.gov/wp-content/uploads/GAI21B7321.pdf
52. Senator Lummis reveals that she is working on a big crypto bill as expected. https://twitter.com/SenLummis/status/1461004206588968965
53. CIP-0030 Related to the dApp Connector has been merged. https://twitter.com/stakenuts/status/1460891981417267205
54. Be aware that fake stakepools are a thing! https://twitter.com/berry_ales/status/1460917711920414723
55. Here is the coming onslaught of Cardano dApps summed up in just six lines. https://twitter.com/DCdoso/status/1461340919731523586
56. Pavia says they will drop the extended land map next week and that it will include some new land types. https://twitter.com/Pavia_io/status/1461331532069711876
57. The smaller “fix-it” bill that would attempt to remedy the bad crypto language in the Bipartisan Infrastructure Bill has now been introduced in the House of Representatives. https://twitter.com/jerrybrito/status/1461317078175072263
58. Charles says input endorsers can improve the performance of the base layer by a factor of 20-40x!!!! https://youtu.be/Lf2C4fq4ZY4?t=790
59. MSN.com runs a positive Motley Fool article on Cardano. https://www.msn.com/en-ca/money/topstories/in-the-world-of-crypto-cardano-could-be-a-real-winner/ar-AAQWzzf
60. The updated list of Cardano researchers now numbers 152. https://twitter.com/DIGI_StakePool/status/1462536768658542604
61. A new wallet has been announced. https://twitter.com/TyphonWallet/status/1462410333939658752
62. Charles dropped a new AMA where he mentioned very briefly that they are actually going to look into read-only UTxOs. If it’s possible to have these types of UTxOs while preserving determinism, it would be a big change since transactions must currently consume inputs. https://www.youtube.com/watch?v=NJcVEJ1a6eg Some background reading on read-only UTxOs: https://github.com/Emurgo/Emurgo-Research/blob/master/smart-contracts/Unlocking%20The%20Potential%20Of%20The%20UTXO%20Model.md
63. Apparently, we have surpassed 20MM transactions on the Cardano network. https://twitter.com/CardanoTech/status/1462805643874680835
64. World Mobile gives a peek at their aerostat hanger where they will launch balloons to connect the unconnected in Africa. https://twitter.com/WorldMobileTeam/status/1462715361015521280
65. Pavia has dropped some very cool images of their avatars (or at least “background characters”). https://twitter.com/Pavia_io/status/1461713781122232327
66. Remember, Cardano 360 is the last Thursday of every month. That means this Thursday, November 25th! https://twitter.com/InputOutputHK/status/1462793042587443206
67. Jerome Powell is named to a second term as Chairman of the Federal Reserve. https://www.wsj.com/articles/biden-will-tap-jerome-powell-for-new-term-as-fed-chairman-11637589600
68. We got another Plutus Application Backend (PAB) release today (11.22)! https://github.com/input-output-hk/plutus-apps/releases/tag/v2021-11-22
69. CMC is now showing Cardano native assets! https://twitter.com/matiwinnetou/status/1462902025633554444
70. It looks like we’re getting a block size increase and a plutus script memory increase on December 1, 2021. https://iohk.io/en/blog/posts/2021/11/22/slow-and-steady-wins-the-race-network-evolution-for-network-growth/ https://twitter.com/cardano_whale/status/1463097104331468803
71. Pavia has partnered with ReadyPlayerMe so that you can build your own avatar. https://twitter.com/Pavia_io/status/1463103151893106688
72. Charles drops a video on the eToro user limitations. It sounds like IOHK knew nothing about this. Interacting with exchanges falls in the Cardano Foundation’s wheelhouse. It’s unclear whether the CF knew anything. He also pointed out it’s very interesting that an old line exchange like Bitstamp has decided to LIST Cardano during this same period. Charles also mentioned that they haven’t seen any regulatory activity on IOHK’s end. eToro is a relatively small source of liquidity for Cardano and there shouldn’t be much of an impact. https://youtu.be/WYQTkf8ndpY
73. The Pavia map is expanding on Wednesday, Nov. 24th at 1500 UTC with a second land sale. https://twitter.com/Pavia_io/status/1463153632484941834
74. Charles drops a video about the Caravan moving on despite any FUD (like eToro) that temporarily emerges. https://youtu.be/IjXkP_DGRgY
75. The Pavia second land sale saw demand vastly outstrip supply to become (reportedly) the biggest Cardano NFT drop ever. https://twitter.com/Pavia_io/status/1463560375442591753 https://twitter.com/Pavia_io/status/1463547885539278849
76. World Mobile got some positive coverage in Tech Crunch! https://techcrunch.com/2021/11/23/world-mobile-group-bringing-zanzibaris-online-through-mobile-network-built-on-blockchain/
77. Looks like COTI’s Djed project has teamed up with SundaeSwap. https://twitter.com/COTInetwork/status/1463480313506668546
78. The minutes from the Fed’s November FOMC meeting have been published and indicate they are ready to taper asset purchases and raise rates to combat inflation. Some members felt even faster tapering than is currently planned is warranted. These are impactful revelations for crypto. https://www.cnbc.com/2021/11/24/federal-reserve-releases-minutes-from-its-november-meeting.html
79. IOHK drops a new article on a tiered transaction fee system that would still preserve determinism. https://iohk.io/en/blog/posts/2021/11/26/network-traffic-and-tiered-pricing/
80. Here’s a good concise tweetstorm inspired by the Raul Pal/ Breedlove conversation about how the last 100 or so years led us here to this macro environment and crypto. https://twitter.com/JamesRothmann/status/1464305493099393028
81. Interesting discussion of the SundaeSwap ISO, the Scooper Model, and decentralization. https://youtu.be/94N8KXNs_as
82. John O’Connor drops an IOHK article on “RealFi” including thoughts on the ramifications of validated identity for uncollateralized loans in markets like Kenya and the projects in Ethiopia and Zanzibar. https://iohk.io/en/blog/posts/2021/11/25/welcome-to-the-age-of-realfi/
83. The Cardano dApp ecosystem maps continue to grow to silly proportions. https://twitter.com/Coin98Analytics/status/1463782688502915075/photo/1
84. There is at least one “Cardano” baby. Is this the first or have there been others? https://twitter.com/Brunokarno1/status/1464762911746773002
85. The % of total ADA staked is still over 71% (11.29). https://twitter.com/matiwinnetou/status/1464921027922866188
86. The Cardano Community takes a moment to enjoy contemplating the circumstance that there will never need to be a “magical Cardano 2” in order for our blockchain to survive. https://twitter.com/IOHK_Charles/status/1465089315340488704
87. There are three new Cardano Improvement Proposals (CIPs) related to Plutus and the dev experience. https://twitter.com/_KtorZ_/status/1465345098619760643
88. Strong words from Philip Wadler on why Solidity is so terrible for smart contracts. https://twitter.com/cryptomaxpwr/status/1465223788144955393
89. Interesting point by Charles regarding Cardano having the expressiveness of Ethereum and the attack surface of Bitcoin. https://twitter.com/IOHK_Charles/status/1465369644408049668
90. It looks like there is another Cardano project that says it will attempt to increase connectivity in sub-Saharan Africa. https://3air.io/
91. Charles dropped a video with his thoughts on ISPO’s and regulatory issues. https://youtu.be/bCEYizNPptYADA Whale makes a very good point about Cardano inflation vs. almost all of it’s competitors. https://twitter.com/cardano_whale/status/1465673768047570954
92. Sundaeswap is planning to hit the testnet this weekend. https://twitter.com/InputOutputHK/status/1466110936369008640
93. We are approaching 1 million staked addresses! https://twitter.com/RichardMcCrackn/status/1465924981150208005
94. ADA Whale drops a Top 50 Cardano dApps list. https://twitter.com/cardano_whale/status/1465907181086130179
95. Yet another hack has occurred in Ethereum DeFi. This one is being listed at $31MM. https://twitter.com/Gr88nCardano/status/1466013936164216832
96. Cardano increased it’s blocksize and Plutus Script Memory yesterday (12.1.21)! https://twitter.com/InputOutputHK/status/1466086538207547393
97. Looks like more theft in ETH DeFi (“Robbery Forest”). Reports coming in that Badger DAO has lost $120MM. https://www.coindesk.com/business/2021/12/02/badger-dao-protocol-suffers-10m-exploit/
98. Liqwid has announced that they are integrating Chainlink price feeds. https://twitter.com/liqwidfinance/status/1466404699284938756
99. IOHK drops a new video with Pi Lanningham of SundaeSwap regarding the tools that SundaeSwap has open sourced as part of its approach to launch. https://twitter.com/InputOutputHK/status/1466480233004113926
100. Cardano has reached one million wallets staked. https://twitter.com/IOHK_Charles/status/1467351929047044096
101. Cardano still remains secure. Meanwhile a gigantic bug in Solana that could have been exploited for six months was reported. https://www.theblockcrypto.com/post/126318/solana-library-bug-could-have-seen-attackers-stealing-27-million-an-hour
102. Robbery Forest can’t seem to go a day without doing its thing. This time it was apparently $150 million. https://twitter.com/sheldonbitmart/status/14673162528552263
103. SundaeSwap went live on testnet with a faucet for free testnet ADA and various ice cream flavored free testnet tokens. All compatible with Nami. https://twitter.com/SundaeSwap/status/1467795614633185280
104. ADA Handles were a surprise integration into the SundaeSwap Testnet! https://twitter.com/adahandle/status/1467907015972323328
105. The testnet proved valuable quickly as some improvements were identified with the scooper and they were taken offline to make those changes. https://twitter.com/SundaeSwap/status/1467897465768665090
106. Here is a beautiful illustration of massive concurrency in action on Cardano’s testnet! https://twitter.com/ProfSmith9000/status/1467978254912946184/photo/1
107. Charles dropped a new AMA! https://youtu.be/Jex6wItSvzE
108. In macro news that could affect all of crypto including Cardano, it looks like Evergrande (one of the largest real estate developers in the world) has finally formally defaulted on its debt obligations. While Evergrand has been stumbling for a long time, this event could mark the beginning of a new phase in global economics. https://www.nytimes.com/2021/12/07/business/china-evergrande-kaisa-property.html https://www.cnbc.com/2021/12/07/evergrande-set-for-restructuring-with-no-word-on-first-formal-default.html
109. You can now use the Cardano ERC-20 Converter live on testnet with AGIX. https://twitter.com/InputOutputHK/status/1468308091217362947
110. The Cardano Foundation dropped a fireside chat! https://youtu.be/TVWwnBpAbqE
111. P2P is now live on the Cardano testnet! This is a busy week for new products launching on testnet! https://twitter.com/InputOutputHK/status/1468592725532553226
112. The heads of Circle, FTX, Bitfury, Paxos, Stellar Development Foundation, and Coinbase appeared before the House Financial Services Committee. As expected, the questions from some of the House Committee members belied a misplaced focus on things like terrorist financing while others understood the need to regulate crypto appropriately so that crypto innovation is not forced offshore. There was significant focus on stablecoins due to the President’s Working Group placing so much focus there. One representative also chose to focus heavily on the energy consumption of Bitcoin mentioning coal power plants coming back on line to fuel Bitcoin mining. The witnesses from the crypto industry seemed to focus on dispelling misconceptions and also pushing for a single crypto focused regulatory body as opposed to the fragmented regulation that is typical in Washington. https://youtu.be/ohp-Trq4HU4
113. Rick McCracken makes a great point about Cardano Stake pools losing $0 of delegator money in 2021 while ETH stakepools have apparently lost at least $163 Million. https://twitter.com/RichardMcCrackn/status/1468819811014610945
114. There was an AMA about AVOUM on the IOHK discord on 12/09/21. AVOUM would allow for account balance type smart contracts (e.g. as in ETH) on top of the Cardano Blockchain. https://twitter.com/MutualKnowledge/status/1468711769069789196
115. It appears that the number of Plutus scripts running on the Cardano blockchain has more than doubled in the last month. https://twitter.com/CardanoStiftung/status/1468645270221033475/photo/1
116. Unbelievably, we’re seeing reports that Solana “crashed” again. Another report is chalking it up to a DDOS attack. Apparently, even after block creation was restarted, token distribution was still “halted”. https://twitter.com/murphsicles/status/1468998047879340041 https://twitter.com/Blockassetco/status/1468955731957202954
117. Fitch calls it official with Evergrande defaulting on $1.2 Billion in foreign debt and Kaisa defaulting on another $400 Million. https://www.cbsnews.com/news/evergrande-stock-china-default-bonds-fitch-chinese-market-intervention/

~Army of Spies

El Salvador's Bitcoin City and why it could be a 'pretty attractive opportunity'

Since Bitcoin was adopted as legal tender in El Salvador, the country has been devising innovative ways to integrate it into the economy. So much so that plans to build a "Bitcoin City" have also recently been announced . In fact, the same will be financed through a 1 billion dollar “Bitcoin Bond” with a 10-year maturity on Liquid Network.

The soon-to-be-issued Bitcoin bond, built by Blockstream and processed by Bitfinex, will offer investors an annual interest payment rate of 6.5% along with the dividends generated by the liquidation of Bitcoin holdings. Furthermore, the planned $ 1 billion will be split evenly between the allocation of BTC and the construction of energy and mining infrastructure in the region.

In a recent podcast , Bitcoin strategist Greg Foss shared his optimism about this move. In fact, he believes that the bond will be attractive to a variety of different investors. According to Foss, in addition to being a lucrative investment, the Bitcoin bond will help El Salvador "put more financing options on the table for a country that until now has been held hostage by the IMF."

El Salvador's credit worthiness has taken a hit this year , due in part to its decision to legally adopt Bitcoin. However, Foss argued that if the Bitcoin bond is protected or not allowed to be settled before a stipulated time, "Bitcoin City could have a much higher credit quality than El Salvador as a whole."

El Salvador against the IMF

Another component of the bond that could be attractive to investors is its focus on Bitcoin mining.

"There is a component that is sensitive to the price of Bitcoin, but in theory, the difficulty setting should allow miners to make money regardless of the price of Bitcoin."

However, if Bitcoin "does its thing" and rises higher, then the bond's appeal will multiply, Foss said.

“Those bonds will trade on the open market at a rate much higher than six and a half percent. They will trade at a lower yield at a higher price because the six and a half will be extremely attractive, so people will raise the price of those bonds and, conversely, the yield will decrease. "

In addition to being attractive to investors, Foss also asserted that the bond will help increase El Salvador's financing flexibility beyond the reach of a "restrictive" IMF.

"One of the things that is very restrictive about lending to a risky counterparty is that the lender makes sure that the borrower is a little limited in what they can do with the money."

A few days after El Salvador made the news of the Bitcoin bond public, the IMF issued a direct warning to the Central American nation citing "significant risks to consumer protection, financial integrity and financial stability" due to price volatility. of Bitcoin.

He also added that Bitcoin could increase the country's tax contingent liabilities, which are losses that could be incurred in the future due to the occurrence of specific events.

For cryptocurrency development contact us

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A brief introduction on what ICOs are

Have you ever heard someone talking about ICOs and wondering what does it mean? ICO is a 21st-century buzzword that is well known to millennial investors and is an abbreviation for Initial Coin Offering (ICO). It is an unregulated fundraising tool used by crypto world startups to crowdfund their blockchain ventures by issuing digital currency tokens. Most investors from the stock market are already familiar with Initial Public Offering (IPOs). Although similar in concept, ICOs are very different from IPOs. Unlike IPOs, ICOs do not allocate any company stocks but issue tokens to passionate investors depending on their investment amount. Compared to an IPO, an ICO campaign is much more efficient as startup companies do not need to go through rigorous and extensive capital-raising processes with venture capitalists and banks, which usually involve a lot of bureaucracy and paperwork.

If you are familiar with crowdfunding then ICOs will make much more sense to you. Before launching ICO, a startup company usually comes up with a whitepaper where they detail the company idea, project roadmap, and the intent for token distribution. To win the confidence of its investors, the white paper also details why the token is needed for the project and Token Distribution Plan (TDP). TDP usually details how many tokens will be allocated to the company, founders, developers, investors, marketing or to cover any other costs. TDP also provides good insight into whether founders have long term plan for the project or are just interested in a quick buck.

Some ICO companies also offer presale tokens to institutional and high-worth investors at a much-discounted price, before ICO is opened for the general public sale. Generally, tokens offered during public sale events are much cheaper and offered at discounted prices compared to buying tokens once it's listed on an exchange. Maximum token discounts (as high as 50%) are offered at the beginning of ICO launch, which decreases as time progresses. Passionate supporters and investors buy new ICO tokens in the hope that if the company idea is implemented and successful, the token value will multiply and provide a handsome return of investment. Finally, when the funding goal for a project is met and the project takes off these tokens become functional units of cryptocurrency.

ICOs Bounty Program

Some ICO companies also offer bounties or rewards to passionate supporters who help in marketing the company’s ICO. Bounties usually include receiving tokens for free. ICO marketing usually involves writing reviews, sharing news, updates, and articles on social media, mass communication, and completing actions as instructed by the company in Bounty Program’s terms and conditions.

Brief History of ICOs

Back in 2013, Mastercoin became the first ICO to be ever held and raised around 5000 Bitcoins, worth $500,000 at the time. When ICOs initially started, the main form of investment fund transfer was fiat money or Bitcoin. For example, the Ethereum token was bought by passionate supporters by sending their Bitcoin to the Ethereum organization address. But nowadays investors have more options to choose from as ICO companies are accepting Bitcoin, Ethereum, or fiat money in the form of investment money.

Where Does Blockchain Fit In The Whole Puzzle

All digital cryptocurrencies use blockchain technology to function. Some crypto companies implement their own blockchain protocols while most use existing blockchain platforms for the ease and speed of launching their cryptocurrency. For example, 77.74% of ICO's cryptocurrencies are utilizing the Ethereum blockchain platform, offering ERC20 based tokens as their cryptocurrencies. Which blockchain platform is best for an ICO project is a million-dollar question and usually depends on the use case, business model, network speed, transaction speed, and security requirements of the project.

Regulation and Legal Status

ICOs are not regulated by the Securities & Exchange Commission (SEC) in the US or by any other government organization in other countries. Lately, some countries have shown interest to formulate plans to regulate ICOs. Regulation of ICOs might be bad for startup ventures as it will make crowdfunding difficult, at the same time regulations will also help to prevent ICO scams and in turn, save investors from fraud. In 2017, China's PBoC bank officially banned ICOs, citing them as a form of unapproved illegal public financing behavior which raises suspicions, financial fraud, and other criminal activities.

Investment and Rate of Return (ROI)

Although ICOs are full of risk they have also provided one of the best returns of investment by any asset in recent times. Many of the early investors and supporters who bought ICO tokens during public sale events have made jaw-dropping gains. Here are the Top 10 ICOs of all time with maximum ROI since their launch.

1. Nxt +1867061%
2. Iota +551029%
3. Neo +426645%
4. Spectrecoin +375341%
5. Ethereum +337797%
6. Stratis +187192%
7. Ark +66009%
8. Lisk +27767%
9. Populous +19414%
10. Storj +14497%

Other Noteworthy ICOs in the Past

• Ripple
• Raiden
• Network
• Stellar
• Qtum
• OmiseGo
• Waves
• Golum

15 reasons to buy $GAME token today (December 12) before 21:00 UTC

The Scheduled Fair Launch of $GAME - the world-first CRUT-token invented, created and living on SmartBCH - is in progress right now. It will continue till 21:00 UTC, December 12. After this time the price ceiling will be removed, so this will be the market only that determines the token`s price.
You can take part in the Scheduled Fair Launch here: https://app.mistswap.fi/swap

There are 15 simple reasons to buy $GAME token before the Scheduled Fair Launch ends - if you are a smart crypto investor:

1. Strong & innovative concept.

CRUT means "Community, Reflection, Utility, Transparency". $GAME token keeps the main preference of reflection tokens - transaction tax distributed among current holders and for the project growth - but eliminates its flaws like lack of use cases or inefficient resource usage.

2. Every transaction makes 3% of it distributed among current holders.

Early holders will benefit most from transaction taxes. The longer you hold, the more $GAME you find in your wallet without a need to farm or stake it (but you still can do it too!).

3. Liquidity Basket (tax 1%) guarantees both liquidity rising, liquidity diversification & getting benefits from farming.

Unlike many other reflection tokens on SmartBCH, $GAME has open liquidity. This means that instead of burning valuable resources, all $GAME holders can utilize their benefits (like farming premiums). Also, $GAME can diversify its liquidity among different DEXes. $GAME started on MistSwap, but plans to be listed on 2 other DEXes as well.

4. Utility Basket (1%) makes $GAME a collective, community-managed crypto investor!

By collecting a part of transaction taxes into a special “Utility Basket”, $GAME becomes a portfolio manager - so its holders can benefit from return on investments & royalties collected. Even better, that`s community that decides what projects and cases should be invested by the token funds.

5. Immobilizing instead of burning.

15% of all Utility Basket tokens sent into the GAME Immo Wallet where they stay forever (while keep collecting distributions!). So with time, even more tokens got out of circulation!

6. Two strong use cases - NOW, not in future.

GAME serves both as a pure financial vehicle & utility/native token for Play-2-Earn & E-sports activities under Axieport: Leagues project (created & operated by the same team).
7. Play-2-Earn & NFT Gaming E-Sports: HUGE opportunity.

Under Axieport: Leagues “umbrella” we are currently developing two big sub-projects:

A. Axie Infinity Open League. Season 1 of the world-first Axie Infinity Team competition is going to start in Q1 2022. We already have several prominent e-sports teams confirmed their interest to participate.

B. Axie Infinity E-Sports Universal Ranking & Tour. We want to enter early into a growing “NFT gaming as e-sports” movement by providing players with a unified NFT e-sports ranking system, and also a chain of commercial sports events where players can compete and earn additional income.

GAME will become a universal gas for these purposes. All prize pools will be paid out in GAME. All registration fees will be requested in GAME. All sponsorship & product placement fund inflows will be required to convert into GAME.

8. $GAME is an export-oriented token.

Unlike many other tokens, we are not dependent only on SmartBCH growth rate. Well, it is good when it rises, but both our use cases bring new users (and their resources) into SmartBCH universe. This is good for SmartBCH - but for our token holders too.

9. The project team is public & doxxed.

You know us good - $GAME is backed by the same team that operates olicrypto.com project on SLP blockchain, and AxieBCH project & token on SmartBCH. One of our 3 founders is a well-known athlete (world-class tennis player) in the real life. And also, we drive this beautiful Bitcoin Cash van:

https://reddit.com/link/rel8p6/video/mceb5mo0v2581/player

10. Supported by strong, kind & helpful AxieBCH community - from Day 1
We are proud of AxieBCH community of players, coaches and investors. In our Gaming Guild we are building more than you can usually meet in crypto token groups. We support each other daily. We know when people have a birthday or getting married. We try our best so all of our players earn more and live a quality life. This is why it is a big deal when such a powerful community fully supports a newly-launched token!

11. It is a highly deflationary token.
With every day, more $GAME tokens immobilized on temporary (re-distributed to long-term holders) or permanent (sending to immo wallet) basis. More days - less tokens in circulation.

12. Constant flow of transactions.
Getting royalties and return on Utility Basket investments, as well as liquidity rewards, guarantees a constant flow of transactions even on calm markets. When the hype cools down, you keep getting your distributions of GAME.

13. Farm at MistSwap soon, other farms follow

We are already at MistSwap “Upcoming Pools” section: https://analytics.mistswap.fi/pools/upcoming

More farms, pools & partnerships will come soon.

14. Extremely conservative airdrop policy

We distributed a portion of $GAME tokens among AxieBCH players on Day 1. Except of that, we are not planning to massively airdrop any of it! $GAME token is simply too precise & valuable for that.

15. Sky is the only limit!

We are at the very beginning of Play-2-Earn & NFT gaming trend. Our team already has a distinct position here - but growth opportunities for the whole industry are HUGE and we see a lot of them!
Will AxieBCH become one of the world-largest Gaming Guilds? Will we create our own Play-2-Earn game? Will we organize Axie Infinity tournaments with 100s of participants and millions of viewers? Time will tell.
What we can promise - is that $GAME token will be a part of this journey.

You can take part in the Scheduled Fair Launch here: https://app.mistswap.fi/swap

Mongoose Coin - Politician Is The Dev!! -Mong is heading to 1 B🚀 Prove me wrong!

Progress is being made! Site Updates & So Much More! CMC boost coming! -Get MONG now!!

Mongoose has places to go! Over $2M marketing campaign is forming!🚀🚀

https://t.me/MongooseCoin

https://www.dextools.io/app/ether/pair-explorer/0x450e653a0a125a1dc36d3901d3cce2e2287df0c2

Mongoose Coin Now Exists After Politician Makes It Up

-Next Gamestop-like Moon Event? YES🚀🚀🚀

A crypto-skeptic congressman had raised eyebrows with his contribution to a congressional hearing attended by six executives from the industry. Brad Sherman — who back in 2019 said that Facebook's plans to launch a digital currency could do more harm to America than 9/11 — told them:  "The number one threat to cryptocurrency is crypto. Bitcoin could be displaced by Ether, which could be displaced by DOGE, which could be displaced by HamsterCoin. And there's CobraCoin, what could MongooseCoin do to CryptoCoin?" Sherman's remarks amounted to word salad — not least because half of these coins didn't even exist. The footage caused plenty of amusement on Crypto Twitter. And now, barely a day later, the crypto world has reacted in the most predictable name imaginable… by launching tokens inspired by the fictitious ones he concocted. Mongoose Coin — not to mention Mong Coin and Goose Coin — have now popped up, with some attracting thousands of Twitter followers. 

Mongoose Coin has already attracted a market cap of $50 million!!!

"This is your Mongress. We're just getting started. You can't stop the $mong movement."

-Join the $Mong movement, things are just getting started!!

https://t.me/MongooseCoin

https://discord.gg/XHzNBRrd

https://www.dextools.io/app/ether/pair-explorer/0x450e653a0a125a1dc36d3901d3cce2e2287df0c2